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Mo' Money Podcast | Personal Finance with Jessica Moorhouse

Award-winning blogger and podcast host Jessica Moorhouse interviews top personal finance & business experts like John Lee Dumas, Chris Guillebeau, Bruce Sellery, Preet Banerjee and Rob Carrick, as well as inspirational entrepreneurs, authors, bloggers, friends and family to help you learn how to manage your money better, make smarter choices, earn more money, become debt-free and live a more fulfilled and balanced life. New episodes air every Wednesday. For helpful resources, blog posts and podcast episode show notes, visit jessicamoorhouse.com. To enquire about being a guest on a future episode, visit jessicamoorhouse.com/podcastsubmissions.
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Mo' Money Podcast | Personal Finance with Jessica Moorhouse
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Nov 23, 2017

Are you getting the most out of your credit cards? It might be time to take a good look at them and check to see if they are really the best on the market. Just take it from Stephen Weyman, blogger at HowtoSaveMoney.ca and founder of CreditCardGenius.ca who knows how to optimize your credit cards, get free trips using points and figuring out a great formula to see which cards need to be ditched and which cards you should consider replacing them with.

Long description:

If you’re curious how to get the most out of your credit cards, what the deal is with credit card churning, and how to protect and improve your credit score, this is the episode for you.

I talk to Stephen Weyman, the blogger behind How to Save Money and the founder of the new credit card comparison site CreditCardGenius.ca, all about credit cards and he definitely proves that he has a wealth of knowledge on the subject.

The fact that he was inspired to develop Credit Card Genius because he had a massive Excel spreadsheet of data on credit cards already just goes to show how passionate he is about credit cards. And I’m so glad because I feel like even though most of us use credit cards, a lot of us still don’t know some very important things about them.

Credit cards can be great to earn points and cash back, and they have a number of other benefits too. But, that’s only if you use them responsibly. If used irresponsibly, they can have some not so good outcomes like consumer debt, a low credit score and even bankruptcy. So, the best way to make sure you use them the right way is to be well-informed and I hope this episode succeeds in helping you get there.

Nov 22, 2017

What's your money mindset and how does it affect how you perceive building wealth? I chat with Kelley Keehn about this and more in this episode.

Long description:

Personal finance expert and author Kelley Keehn chatted with me for this fabulous episode of the podcast, and I couldn’t be happier! I love that her mission is to make people feel good about money! Just like she said in our episode, when people feel good about their money, they are better people and thrive in other areas of their lives.

I wholeheartedly agree. When you feel confident in your finances, you feel confident in your life. You start making better and longer-term decisions, instead of decisions based on survival or the immediate future.

We also go a bit deeper in our interview and talk about the different money mindsets people have. Like how they can either help you build wealth and live a life you want, or they can impede you from experiencing your full potential.

I know that my money mindset has evolved over the years, and that’s the amazing thing too. Just because you have say a scarcity mindset, doesn’t mean you can flip the switch into an abundance mindset. Everything is changeable and fixable, you just have to be self-aware and start making small changes to make a big change in the end.

Learn More About Kelley

For full episode show notes, visit https://jessicamoorhouse.com/131

Nov 16, 2017

 

I chat with podcast listener Alexis Kienlen about how she empowered herself by ending the mystery banking cycle & teaching herself about money management.

Long description:

This is why I love when podcast listeners reach out to me to be part of my Listener Series. Because sometimes they end with me saying that it felt like chatting with a friend I hadn’t talked to in a while. My listeners are amazing!

Anywho, this interview is particularly timely as November is Financial Literacy Month and my guest Alexis Kienlen shared how learning about personal finance changed her life for the better.

Like many millennials, she graduated hoping to follow her dreams and become a journalist. But, things have changed and it’s not as easy to earn a living and work in journalism. Realizing that she didn’t want to be broke anymore, she started reading blogs, listening to podcasts, reading The Globe and Mail and even reading Personal Finance for Dummies.

Now, she feels so much more in control of her life and her future, and it all came down to taking the time to educate herself so she could start making informed decisions.

Way to go Alexis, I can’t wait to see where you end up in the next few years (hopefully a published author and new homeowner!).

For full episode show notes, visit https://jessicamoorhouse.com/130

Nov 15, 2017

Is it possible to earn money on your investments without sacrificing your ethics? Tim Nash, investing coach and the blogger behind The Sustainable Economist explains why yes, you can!

Long description:

As I mentioned in the episode, I first got to know Tim Nash (a.k.a. The Sustainable Economist) back in the spring when he invited me to his Good Investment Fair.

So when I went to the fair, it really did open my eyes to a whole new world of investing. You don’t just have to buy funds that you think will perform well, you can do that and stay true to your values. And if Tim can help a couple create a totally vegan investing portfolio, then anyone can create a portfolio that speaks to them and what they stand for.

I definitely know that I’m going to have to take a good look at my portfolios and see if there’s anything in there I don’t feel good about. Luckily, more and more robo-advisors are starting to offer portfolios that are more eco-friendly and socially responsible, so that’s definitely a sign that Tim is certainly onto something that will become more popular in years to come.

Tim’s Model Portfolios

For full episode show notes, visit: https://jessicamoorhouse.com/129

Nov 10, 2017

At FinCon 2017, I had the pleasure of sitting down with my three of my favourite Canadian personal finance bloggers: Desirae Odjick from Half Banked, Andrew Daniel from Family Money Plan and Bob Lai from Tawcan.

This episode was recorded live on the last day of the conference, and has us chatting about their experience at the conference and what takeaways they'll be leaving with, their thoughts on blogging and everything in between.

Nov 9, 2017

For this Listener Series episode, I chat with Tracy Ma about how built her real estate empire despite her coming from humble beginnings.

Long description:

I love these Listener Series episodes, because I get to chat with super inspirational podcast listeners like Tracy Ma who has built a stellar real estate portfolio over the past decade (and is sharing how the heck she did it).

First off, I love Tracy’s story because she is evidence that you do not need to come from money to get into the real estate game. As she put it, she had a fairly rough upbringing. Her family was poor, so she knew that in order to change her financial situation, she’d need to work hard and be strategic in terms making her money grow.

She was eventually led to real estate investing, and now owns a number of properties in Canada earning her passive income.

That all being said, she does caution anyone listening that real estate investing isn’t for everyone. There is a ton of risk involved, it can be very time consuming and you really do need to know what you’re doing.

Luckily, she blogs about her journey and what she’s learned on her own blog Financial Nirvana Mama.

Thanks so much Tracy for chatting with me for this episode, it was a pleasure!

For full episode show notes visit: https://jessicamoorhouse.com/128
Nov 8, 2017

He wasn’t fulfilled in his life or career, so instead of complaining and wishing he had better luck, John Lee Dumas did something about it…which turned into a multi-million dollar a year business now known around the world as Entrepreneurs on Fire.

Long description: 

This is a pretty big moment for me because ever since I started the Mo’ Money Podcast back in June 2015, John Lee Dumas was one guess I aspired to get on my show.

Fast-forward 2 years and over 100 episodes and I got him!

So, why did I want to get him on the show so badly? Because he was actually one of the inspirations for me starting my podcast. When I got the idea to start a podcast, I immediately starting researching online and fairly quickly he popped up. He had (and still has) a very successful podcast called Entrepreneurs on Fire, and he also had a free course on how to start a podcast. I took the course and it really helped me start things off on the right foot. Honestly, if I hadn’t taken his free course, I know I would have made all the rookie mistakes and would have taken even longer to propel my podcast into what it is today.

For my interview with him, I just wanted to dive deep into what we was about, how he got to be so successful as a completely online entrepreneur (he now lives and runs his business from Puerto Rico). I also wanted to know how he does all the things he does and stays sane and grounded. And of course, he has a stellar morning ritual to start of his days right, something I know I need to start implementing myself.

This episode isn’t really about personal finance, but I wanted to share it because John is seriously such an inspiration to me. He’s a hustler, he’s a risk-taker, and he’s proof that if you feel unfulfilled and unhappy in your life, you can absolutely change course at anytime (it’s never too late!).

Helpful Resources

For full episode show notes visit: https://jessicamoorhouse.com/127 
Nov 2, 2017

If you want to avoid 5-figures in student debt by going to university, ever considered going to a trade school instead? I talk with Sylvia about how she went the nontraditional route for her career and why it was the best decision she could have ever made.

Long description:

The stats on student debt in Canada and the US are staggering. More and more young people are graduating with degrees in hand and 5-figures in debt to pay off. And sometimes that debt-burden will take them decades to pay off.

Here’s the thing…going to university and sticking with the traditional route of getting a degree to start your career isn’t the only way. For this Listener Series episode, I talk with Sylvia Bourgeois about her decision to not go to university but go to a trade school instead.

Instead of spending 4 years earning a degree with a boatload of debt to pay off after (not to mention grim job prospects), she was able to graduate her technical school debt-free, find a job soon after and start earning a decent income that would help her buy a home in Vancouver and eventually start her own contracting business.

The biggest message in this episode is that there’s no one way to do things. You don’t have to go to university, work in an office and climb your way up the ladder to be successful in your career. Moreover, if you’re a woman, you don’t have to pigeon-hole yourself into certain sectors or industries.

I’m ashamed to say that I never even considered a career in the trades because I didn’t think many women worked in that industry. Sylvia certainly proved that wrong, and wants to encourage more women to explore different career paths, even if they aren’t the popular or traditional choice.

For full episode show notes, visit https://jessicamoorhouse.com/126

Nov 1, 2017

I talk with the guy who wrote the book on side hustles (literally), Chris Guillebeau, author of Side Hustle: Idea to Income in 27 Days, who shares his tips on how to start and master your side hustle to take your finances to the next level.

Long description:

I had the pleasure of chatting with side hustle master and best-selling author Chris Guillebeau from Side Hustle School for this episode, and it’s honestly one of my favourites. 

If you know me, then you know I am all about the side hustle. It could because I’m just another typical millennial who needs to earn more to afford $10 bottles of organic juice and my expensive Uber habit (sarcasm, if you didn’t get that), but it’s actually because things have changed a lot since the last generation.

It’s not longer possible to stick with a job for 40 years and retire with a cushy pension. Now, if you want to be able to afford to live in an expensive city (and actually enjoy city living), travel, save up to buy a home and invest for your retirement, most likely your full-time job income won’t be enough. That’s where the side hustle comes in.

But here’s the thing, as Chris explains a side hustle isn’t just a second-job at night or on the weekends. It’s about starting your own mini-business that either sells products or offers a service that matches your skill-set and meets a need not currently being met on the market.

If you’ve ever thought about starting a side hustle, but was too afraid to start, didn’t know where to start, or thought if you start one you’d have to keep it forever (newsflash, you can stop it whenever you want), then Chris shares his wisdom and boy is it juicy.

He also literally wrote the book on side hustles called Side Hustle: From Idea to Income in 27 Days, so make sure to buy or check out a copy from the library because it’s not just about side hustles in theory. It’s about how to take action and what steps to take to get yours going.

Side Hustle Case Studies Chris Mentioned

For full episode show notes, visit https://jessicamoorhouse.com/125.

Oct 26, 2017

Thinking of jumping into the housing market? There's a lot to know and even more pressure to make a good decision (it is the biggest purchase of your life after all). I talk with Penelope Graham, Managing Editor of Zoocasa to find out what potential home buyers should know before buying their first place.

Long description:

If you have some questions about the home buying process, my guest Penelope Graham, Managing Editor for Zoocasa, has the answers!

Penelope was actually one of the panelists for my Millennial Money Meetup #2 in May 2017, and the focus for that event was homeownership and renting vs. buying. She was one of the top voted panelists by attendees, so I knew I needed to bring her on the show to share her wisdom.

Having bought my first place just a year ago, I still remember all the stress, research and more stress that went into finally signing on the dotted line. Toronto is a hot market, so I knew I needed to be prepared and not take this home buying process lightly.

Now that that’s behind me, I want to make sure that other millennials who are thinking of buying are just as well informed and prepared for this very big purchase. And if you have any questions after this episode, contact Penelope and she’ll be happy to guide you on the right path!

Tips If You’re Thinking of Buying Your First Place

  1. Remember that getting pre-approved for a mortgage is your first step. This will help you figure out how much mortgage you’ll be approved for, and how much you can afford and what your budget should me. Also, don’t borrow the maximum you are approved for, especially if only putting 5% down. You don’t want to be house poor after all!
  2. Interview potential realtors as if it was a job interview (because to them, it actually is!). Make sure you pick a realtor that’s the right fit for you, ask for their stats (how much homes sold/bought for clients), ask for references, and make sure they are a full-time realtor and completely invested in working with you.
  3. When given a buyer representation agreement from your realtor, negotiate a term for the contract that suits you best (ie. no longer than 3 months). This way, you can end the relationship if it’s not working and you won’t be tied to a lengthy contract.
For full podcast show notes, visit: https://jessicamoorhouse.com/124 
Oct 25, 2017

There’s a new way to get rid of stuff you want to get stuff you need, and I chat with Eli Klein, Manager, Publicity & Partnerships at Bunz all about it.

Long description:

The first time I heard about Bunz, I thought it was a really intriguing concept. Instead of being a copy of Kijiji or Craigslist where you trade your used goods for money, Bunz was taking it really old-school by being a platform all about trading goods for goods.

The last time I heard about something like this, Hudson’s Bay was a fur trader, not a big department store.

The more digging I did, the more I fell in love with what Bunz is all about. It wasn’t just about trading, it was about building a community, disrupting modern capitalism and focusing on good will and helping people in need. It’s also about helping millennials specifically navigate this new world we’re in where incomes are low, prices are high, and we also need to think about living more sustainable and environmentally consciously.

So, I was really thrilled when Eli Klein, Manager of Publicity & Partnerships at Bunz, reached out to me because I actually really wanted to have someone from the core Bunz team on the show. In this episode, we chat more in-depth about what Bunz is and it’s main philosophy, as well as the different aspects of Bunz including trading with the app and the hundreds of Facebook groups (which I’m obsessed with).

Helpful Resources

For full episode show notes visit: https://jessicamoorhouse.com/123

Oct 19, 2017

I chat with Questrade CEO and founder Edward Kholodenko about DIY investing, how to get started and why fees can affect your bottom line.

Long description:

DIY investing is becoming more and more popular, and it’s easy to see why. It puts the investor in the driver’s seat, having full control of what they’re investing in, and plus it doesn’t hurt that you can save a ton in fees. 

In this episode, I chat with Edward Kholodenko, CEO and founder of Questrade, one of Canada’s leading discount brokerages. He shares his story of immigrating to Canada and starting Questrade from the ground up, and why he’s so passionate about empowering investors and educating them on how to do it themselves.

You know the say, there’s no one that cares more about your money than you do. And that’s a big reason why I think DIY investing in index funds and ETFs is becoming more normal amongst millennials. We want to feel in control of our financial futures and we don’t want to just hand our money off to an investment broker and hope for the best. We want to know what’s going on so we can make sure we’re growing our money to it’s full potential.

And the most common way to DIY invest is to use a discount brokerage, follow an investment plan like the model portfolios shared on the Canadian Couch Potato’s site or The Sustainable Economist’s site, and rebalance accordingly.

To get you started, below are some helpful resources to continue your investing education.

Helpful Resources

Full full episode show notes visit: https://jessicamoorhouse.com/122

Oct 18, 2017

Ever dreamed of saying "Screw you!" to your 9 to 5 job? Then you'll definitely want to listen to my interview with Screw the 9 to 5 co-founder Jill Stanton on entrepreneurship, choosing making your own opportunity, and making your own money.

Long description: 

For this episode of the podcast, I talk to Jill Stanton, co-founder of Screw the Nine to Five. Currently living in Vancouver (but originally from Toronto), her and her husband started an mega-successful online business because at the end of they day, they wanted to be able to screw their 9 to 5 jobs and live life on their terms.

That’s why I was so drawn to Jill’s story. She was able to finally find her passion, start a business and essentially become completely location independent. She was even able to live in Thailand for a number of years, needing only her laptop to keep her business going. But as you’ll learn in her interview, it wasn’t that easy to get off the ground. Her and her husband started a number of different businesses before finding one that clicked.

We talk more about the ups and downs of being an entrepreneur, what you should consider financially before screwing your 9 to 5, and how to not let anyone tell you what you can and can’t do as your career.

What to Ask Yourself When Starting Your Business

  • Does it feel heavy or light? If whatever you’re working on in your business feels heavy, edit it out.
  • Focus on your plan A and don’t look back. When you have this attitude, you’ll feel more pressure (and motivation) to make it work.
  • You don’t need a business or marketing background, degree or a business coach to start a business (just take Jill as a prime example). But that being said, work hard, do your research, and be smart with the decisions you make.

Helpful Resources

For full episode show notes, visit: https://jessicamoorhouse.com/121

Oct 12, 2017

For this Listener Series episode, I talk with podcast listener Scott McEachern about what tactics he uses to pay down his debt and save for his financial goals, and a big one is tracking his spending.

Long description:

For this Listener Series episode of the podcast, I chat with Scott McEachern who reached out to me to be on the show after being a long-time listener.

Now, Scott actually works in the financial space, but personal finance is really his passion and it’s what led him to do what he does for a living. A big reason is because his dad worked as a financial planner, so he learned at a young age how to be smart with his money.

And ever since then, he’s put what he’s learned into practice to live a meaningful life that focuses on being intentional with his money.

He shares a number of things him and his wife do to be able to pay off their debt (they have student loans) and work towards affording their financial goals. These things include:

  • Adding small extra payments to his student loans to pay them off quicker
  • Buying used cars instead of brand new
  • Renting a cheaper/smaller place instead of trying to keep up with the Jones’
  • Delaying starting a family until they are debt free
  • And most importantly, tracking their spending and income regularly so there are no surprises

Learn More About Scott

Get Access to My Resource Library

I’ve got a ton of checklist, worksheets, quizzes and more to help you get your financial life together, and I’m housing them all in one place — my resource library. It’s free, it’s amazing, get in there!

Click here to access my resource library

For full episode show notes visit: https://jessicamoorhouse.com/120

Oct 11, 2017

Do you feel like you keep sabotaging your chance at financial success? You’re not alone, and money coach and personal finance podcaster Whitney Hansen is here to share how to overcome these common financial barriers.

Oct 5, 2017

 The American Dream is alive and well, and Lilian Hurn is proof of it! Originally from Lima, Peru, she immigrated to the USA in 2005, but has since retired early and dedicates her time to teaching others how she did it.

Long description:

I know I’m not American, but the idea of the “American Dream” has definitely made it’s way over the border into Canada, and I can’t help but cry ugly tears every episode of Sharks Tank I watch when someone new to the US has managed to go from zero to millionaire.

So, when Lilian Hurn reached out to me after finding my podcast on YouTube and asked to share her story for my Listener Series, I was so excited to be able to have her on the show. She literally is proof that the “American Dream” is alive and well. Originally from Lima, Peru, she immigrated to the USA in 2005 to work for Microsoft. She ended up meeting her husband there, and they’ve both worked together to fulfill their own dream of retiring early.

Now in their 40s, they consider themselves semi-retired, with Lilian’s husband working occasionally as a consultant, and Lilian spending her days as a Spanish-language financial literacy educator. She not only has her own blog called Super Baratisimo Gratis, she also has her own YouTube channel teaching others about the power of personal finance in Spanish!

Learning how to live frugally, work hard, save more than she earned, and earning money outside of her full-time job are what helped Lilian achieve one of her biggest goals in life. She truly is an inspiration, I’m just so glad I ended up putting my podcast on YouTube a year ago!

Since Lilian has her own blog and YouTube channel, she also had some great tips for listeners who want to be able to achieve their financial goals too. Here are some of my favourites.

How to Talk Money with Your Partner

  1. Be persistent (but not annoying). Sometimes it can take a few times to convince your partner to be open, so don’t ever drop the subject and forget about it. Try a different tactic, because it’s so important to be on the same page with your partner
  2. Focus on setting goals together. That’s the best way to motivate your partner to get involved in budgeting, tracking your spending and saving for your future. When you have goals outlined clearly that you can both work towards together, you’ll become a stronger partnership for it.

How to Reach Your Financial Goals Faster

Don’t just rely on your day job to get you there in the time you want. To get to your goals faster, you may need to look outside the box and earn more on the side. Lilian sold stuff around her house she didn’t need on eBay and cut back on unnecessary expenses like a storage locker that cost her husband $50/month.

Learn More About Lilian

For full episode show notes visit: https://jessicamoorhouse.com/118

Oct 4, 2017

Luisa Zhou shares how she went from Princeton grad, to climbing the corporate ladder, to quitting her 9 to 5 once and for all to start her own business as one of the most sought after business coaches.

Long description:

I absolutely loved chatting with Luisa Zhou, probably one of the hardest working millennials around. She is all about the hustle which I think is awesome. She has gotten to where she is today in her career because she knows that the only way to success is to work hard. That and some other pieces of wisdom she shares in this episode.

The reason I wanted to talk with her for this episode is because she has some great advice for starting a side hustle, and then turning that into your main hustle while still working full-time. I always cringe when I hear someone’s quit their job to pursue their dream, but clearly didn’t have a solid business plan or enough in savings to sustain them throughout the ups and downs of entrepreneurship.

That’s a big reason why I kept my side hustle as just that for 5 years until I was financially ready and was actually earning enough from my business to make me feel secure enough to leave my job. I certainly didn’t have $100,000 like Luisa did, but I had enough in my bank account that would basically last me a year if for some reason I couldn’t earn a penny during that first year on my own.

Beyond talking about the financial aspect if starting your own business, Luisa also shared some other great tips on how to success and how to promote yourself even at your 9 to 5 so you can grow in your career.

Important Lessons When Starting Out on Your Own

  1. Learn from your failures, don’t quit because of them.
  2. Stay humble.
  3. Figure out how to be a leader for your community.
  4. Stand up for what you believe in.

How to Promote Yourself at Work (without sounding arrogant)

  1. Study how success people around you present and talk about themselves.
  2. Speak about your projects with enthusiasm.
  3. Sharing your accomplishments as stories.
  4. Grow a thick skin.

Helpful Resources

For full podcast show notes visit https://jessicamoorhouse.com/117

Sep 28, 2017

I was joined by Cait Flanders, author of The Year of Less, for my latest Millennial Money Meetup in Vancouver and she shared about her 2-year shopping ban.

Long description:

At the event, Cait dropped some major truth bombs that I want to recap right here. It’s funny, even though I know Cait really well and we talk all the time, when she was sharing her story, some of what she said really made me think twice about how I think about spending, saving and earning.

You Shouldn’t Feel Guilty About Spending Money

For instance, a big part of her personal finance journey is getting out of debt. In her early 20s she spent more than she earned and racked up a bunch of consumer debt. So, she hustled to get that debt number to zero and has maintained her debt-free status ever since. This is no easy feat, but what she discovered was that after becoming debt-free, her spending started to ramp up again.

This wasn’t because she was a shopaholic, it’s because she just wasn’t being mindful with her spending. Let’s be honest, that’s probably most of us. We are so used to spending first, thinking second, that most of what we buy isn’t anything that’s of any real value in our lives.

She also found that she wasn’t saving that much. What’s the point of being debt-free if you can’t finally allocate those debt-repayment dollars towards your savings goals?

That’s where the shopping ban idea came in. She wanted to take control of her spending without feeling guilty about it. That’s an interesting thing that she made sure we all understand. A shopping ban isn’t to make you feel bad about spending. It’s to prioritize your spending. She still had to spend money, despite what “shopping ban” may sound like. She still had bills to pay and sometimes needed to buy a new bed or pair of pants. And that’s fine. But she just wanted to make sure everything she spent money on mattered.

Mindful spending is definitely something I think we can all try to be better at (though as I mentioned in the recording, I’m not sure I’m strong enough to do a 2-year shopping ban).

Be Open to the Idea of Earning More

I loved that she brought this up, because Cait and I actually talked about this one-on-one during my Vancouver visit. We’re both self-employed, though Cait’s been at it for a few years already, and making money is definitely at the forefront of your mind when you’re solely responsible for making the bacon.

I do sometimes miss getting a guaranteed paycheque every two weeks, but I also love finally being my own boss. Still, I’m always thinking about earning. I’ve got a spreadsheet I update constantly, I use Freshbooks to help me with my accounting (which I literally couldn’t live without), and I’m always hustling to make that money honey.

Money is always on my mind, and sometimes it really gets me down. Sometimes I get excited about the idea of earning more than I ever have before because finally there’s no salary cap. But most times I just hope I can make as much as the job I left. It’s a constant psychological battle of wanting to earn more so I can live a better life, and wanting to earn just enough so I can afford my current life.

Cait shared some of what she’s experienced working for herself, and how for years she would think she could only make a certain amount. She never had aspirations of earning 6 figures per year, and she was fine with that. But then she started talking to a few friends, and realized that she was limiting herself by not being open to the idea of earning more.

I think this is something we’ve all thought at one point or another (especially us women). The idea that we can only earn a certain amount, or trying to rationalize why we don’t need to earn more.

I would love to earn more. I’d love to bring in 6 figures per year. But I’m also afraid that if I put that pressure on myself, I’ll be too focused on making money and not focused enough on my main calling which is helping and empowering others.

But when Cait brought up it was more about being open to earning more, I just really like how she put it. I don’t need to earn a lot to be happy, but earning more than I am now could offer me more choice, more opportunity and ultimately more freedom.

For full show notes visit: https://jessicamoorhouse.com/116

Sep 27, 2017

Ever daydreamed of being able to RV around the country and working solely from your laptop? That dream is Michelle from Making Sense of Cents' reality, and she shares how she went from being 4-figures in debt to earning 6-figures every month

Long description:

I’m so excited to be kicking off Season 5 of the Mo’ Money Podcast with this stellar interview with Michelle Schroeder-Gardner from Making Sense of Cents. It’s not every day you get to talk to someone you’ve been following for years who went from ordinary personal finance blogger to online entrepreneur raking in over $100,000 per month (yes, I’m not lying, just check out her income reports for proof!). 

Now, I want to preface that even though Michelle is able to earn six figures per month, if you’re not, that’s ok! This episode isn’t to say that you should be earning as much as Michelle and if you’re not you’re failing at life. This episode should serve as motivation and inspiration to earn more than you do right now.

Michelle didn’t start out making this much, she hustled to get where she is today. And she still hustles today to keep it going so she can continue RVing around the country, working from her laptop and supporting her family.

So after this episode, I dare you to look at your current financial situation, start taking your debt seriously if you have some, and see if there is any way you can earn a little extra to help you move toward you financial goals that much quicker.

Here are some tips from Michelle below to help you get started.

Tips for Getting Out of Debt

  1. Take all of your student loan balances and add them up so you know the exact total. This will give you a concrete number to keep in your mind to work towards paying off.
  2. Find ways to cut back on your spending so you can put any extra money towards debt-repayment.
  3. Find ways to earn extra money so you can pile that onto your debt to accelerate repayment.
  4. Set a deadline and be specific. Don’t just say you want to pay off your debt in a few years. Pick a specific date two years from now that will be your debt-free date.

Tips for Starting an Online Business

  1. Diversification is key to start out so you don't rely on one income source.
  2. Find out what works for you, and if you want to be a freelancer who works for clients or an entrepreneur who sells products or has a service for customers.
  3. In terms of blogging income, creating a product (like a course) can be a great source of income, and same with taking part in affiliate programs.

For more info, visit the podcast show notes: https://jessicamoorhouse.com/115

Sep 4, 2017

I rarely do this, but I just had to put out this special episode to share some really important announcements I don't want you to miss!

First off, the next season of the podcast (Season 5 if you’re counting) will officially kick off on Wednesday, Sept. 27 with a fresh new episode! This season has a great line-up of guests and a lot of the interviews focus on making money and earning more to help your finances, so you definitely want to tune in!

Another thing that’ll be happening on Sept. 27 is my book club! I started a book club in the summer and I want you to join in for the next one. It'll be going down in my Facebook group (Money Life Balance Community) on Sept. 27 at 7pm ET and we're reading Millionaire Teacher by Andrew Hallam. He'll also join us live for the book club, so you won't want to miss that! To learn more, visit https://jessicamoorhouse.com/bookclub

Something that’s happening even before all that is a very special event I’ll be doing in my hometown! For all of my Vancouver friends, I'm going to be hosting my Millennial Money Meetup in Vancouver on Monday, Sept. 18, so visit http://millennialmoneymeetup.com to get your tickets before they're sold out!

Last but not least, if you missed out on your chance to register for the Rich & Fit Bootcamp this past June, fear not because the doors are opening once again. Sign up for updates at http://richandfitbootcamp.com to be the first to know when you can enroll!

Jun 28, 2017

To wrap up Season 4 of the Mo' Money Podcast, I recorded a special solo episode to share what I've been up to and my plans for the future.

Long description:

I can't believe we've already arrived at the end of Season 4 of the Mo' Money Podcast. With 114 episodes and 2 years of podcasting under my belt, I can honestly say that starting this podcast has hands-down been one of the best decisions I ever made.

To wrap up with season, I thought it was time for another solo episode. So, I took some time last week to lay on my couch therapy-stay and record pretty much anything that came into my head.

I share what it's been like since I quit my full-time job to work for myself. How it's been being a homeowner for almost a year now (spoiler: it's been awesome and expensive). And lastly, I share what I've got coming up for the second half of the year and some ideas I've been considering for Season 5 of the podcast and just my community building efforts at large.

Ideas I've Got for the Future

For instance, would you be interested in a special series on the podcast dedicated to making money and entrepreneurship? I know there are a ton of podcasts out there focused on that already, but I find none of them truly talk about the financial aspects of owning a business or starting a side hustle.

Another idea I had was to start doing mini-meetups in my city of Toronto (and maybe in Vancouver when I'm in town). I love doing my Millennial Money Meetups, but they're a pretty big ordeal and it would be neat to do something a bit smaller and more intimate.

My last idea was maybe start some sort of book club in my Facebook group. Logistically, I'm not exactly sure how to do this besides integrating a Facebook live aspect to it, but I think it would be a great way for us all to learn then chat about different aspects of personal finance.

Just putting that out there, so if you have some opinions or have any other ideas you'd like me to explore, please let me know by tweeting me or emailing me!

A Huge Thank You for Supporting the Podcast!

Aside from me just talking about me for a good 30 minutes, what I really want to express closing out this season is how thankful I am for you listening and subscribing to my podcast. It was a passion project that quickly turned into something real that people binge-listen to! I never thought I could affect or reach people like I am through this podcast, and it's honestly the best feeling in the world to feel that type of strong connection.

It's something I never really felt with just the blog, so seriously a big thank you for supporting the Mo' Money Podcast, and I'm excited to kick-off Season 5 of the show this fall. Make sure to subscribe on iTunes, SoundCloud or YouTube if you haven't already to be updated when Season 5 starts, or sign up to my weekly newsletter to stay in the loop!

Other Solo Episodes You May Want to Listen to

For more podcast episodes, check out the podcast page.

Show notes: jessicamoorhouse.com/114

Jun 21, 2017

Managing your money with your partner doesn't have to be awkward or even difficult, and Talaat & Tai McNeely from His and Her Money share how to do it successfully.

Long description:

For my second to last episode of season 4 of the Mo' Money Podcast, I chat with Talaat and Tai McNeely, America's favourite money couple from His and Her Money. We talk about how they got together and figured out their own financial differences, then what led them to start helping others and sharing their wisdom with the masses through their podcast and YouTube channel.

If you're in a couple, and you have a ton of questions about how to manage your money successfully with your partner, this Talaat and Tai have the answers. They've been together for over a decade and have been through or seen it all. And their advice is on point!

At the end of the end, it really just comes down to open communication and respect. Just like working through other issues in a relationship, you need to listen to your partner, understand where they are coming from, compromise and really tackle those issues as a team.

Talaat & Tai's Top Blog Posts

Follow Talaat & Tai on Social

For more podcast episodes, check out the podcast page.

Show notes: jessicamoorhouse.com/113

Jun 14, 2017

Do you know what your money operating system is? Hilary Hendershott discusses this, as well as how to empower yourself through your money & navigating divorce in this episode.

Long description: 

This is by far one of my favourite podcast episodes of the season, and it all has to do with how insightful and wise Hilary Hendershott is. Not only does she hold an MBA and CFP (so she knows her stuff!), she has a great story.

At the beginning, she was terrible with her money. Even when she was working as a financial advisor, helping others with their money, she wasn't taking care of hers. When her credit cards got maxed out and she realized she somehow couldn't afford her mortgage payments, that's when she decided to make a drastic change.

She made the decision to take control of her money, start understanding her money operating system (a.k.a. money mindset), and managing her money in a way that worked best with her and her psyche.

Now, she's miles away from where she used to be, and is driven to help other women do the same with their finances.

This is the perfect episode for some major Wednesday Wisdom, so I hope you enjoy it as much as I did when I recorded it (and re-listened to it).

If there's anything you can takeaway from this episode, it's that no matter where you are right now financially, that doesn't mean you have to stay there. You too can make a change for the better. You just have to take that first step by making it your top priority, then dedicating the time and effort required to follow through with a solid financial plan.

Wise Words from Hilary

I believe you can be financially free.
Believe in your economic independence.
I believe you are always free to imagine, design and create wealth in your life.
I believe that wealth is well-being. I believe having money creates options.
I believe when you are unconstrained, anything is possible.
I believe in bootstrapping and micro lending and entrepreneurship.
I believe in a world where everyone has enough.

Read more on Hilary's "What I believe" section of her website.

Hilary's Top Podcast Episodes

Follow Hilary on Social

For more podcast episodes, check out the podcast page.

Show notes: jessicamoorhouse.com/112

Jun 7, 2017

Want to learn how to reach financial independence, so you can sit by the beach and do whatever you want? Well, it's not exactly easy but it is absolutely possible. I chat with Pauline Paquin, blogger at Reach Financial Independence, to discuss how she was able to leave the 9 to 5 world, work remotely in Guatemala, and live a life most of us could only dream of. 

Long description:

Ever dreamed quitting your 9 to 5 and working remotely from your laptop in paradise? Sounds like a dream, but it can actually become your reality...if you follow in Pauline Paquin's footsteps.

Pauline has figured out the secret sauce to living a financially independent life, like so many of us fantasize about on a day-to-day basis. But it wasn't just luck, and no she didn't win the lottery.

She started out by graduating university debt-free and investing her savings into a rental property. The income from the rental helped pay for her to travel abroad, but she knew she needed do something extra to not always live on a shoestring budget. So, she started freelance writing and eventually started her own blog — Reach Financial Independence.

Since then, she's also started another blog called Make Money Your Way, and has bought two other money-making blogs — Frugaling and Savvy Scot.

Pauline also shares one of her big inspirations and motivators in her life — Ramit Sethi from I Will Teach You to Be Rich. One of the biggest lessons she's learned from Ramit's teachings is that you should adopt an abundance money mindset instead of a scarcity mindset. This essentially means stopping the thinking of "I can't afford that" and changing it to "How can I afford that? What do I need to do in my life to reach that goal."

Having the right mindset when it comes to money is a big key to reaching your goals, no matter what they are, and I'll admit I absolutely have the same money mindset when it comes to my life.

I hope you enjoy this interview with Pauline, and make sure to scroll down below for more info about my Rich & Fit Bootcamp course, or click here to visit the registration page.

Check Out Pauline's Best Blog Posts

Follow Pauline on Social

Register for the Rich & Fit Bootcamp

I mentioned in this episode that myself and business partner Jaclyn Phillips have finally launched our Rich & Fit Bootcamp course together, and I want to share all the juicy details with you! First, visit the registration page to learn more and to register before the cut off date of Wednesday, June 7. But also, check out our webinar replay to find out what we'll be teaching and what the course platform will look like when you get access to it.

If you do want to register, and want to take advantage of a special deal going on right now, use the promo code rfpromofirst10 to get 50% off your purchase price!

And if you have any questions and aren't sure if this is right for you, please email me, happy to chat!

Learn more about the Rich & Fit Bootcamp

For more podcast episodes, check out the podcast page.

Show notes: jessicamoorhouse.com/111

Jun 2, 2017

At a certain point in your personal finance journey, you'll realize that there's nothing left to cut out of your budget and you're living as frugally as you can. At that point, it's either time to look for a higher paying job or joining a number of others by getting yourself a side hustle. In this episode I chat with Nick Loper, founder of Side Hustle Nation, about how to get a side hustle and how he was able to turn his love for side hustles into his full-time gig.

Long description:

It seems like everyone has a side hustle these days, or is thinking about starting one. Which is why I thought the perfect guest to have on the Mo' Money Podcast would be Nick Loper from Side Hustle Nation. I met him after I spoke at FinCon's Ignite last year, and I was in total awe of his podcast and the insanely loyal audience he grew. But the best thing is, he's seriously the nicest, humblest guy!

Now, I've kind of always had a side hustle. It started with being a teleprompter operator for the news, PAing on film sets, then eventually I started this blog to see if I can earn some money. Well, after almost 6 years, I was able to finally turn this side hustle into my full-time hustle, so if you're ever wondering whether it's worth it to start a side hustle and spend some of your extra hours on building a side business — just try it. There's no harm in trying a few things out and seeing if they work. And there's no shame in failure as long as you walk away with a lesson learned.

In this episode, Nick also shares his personal story with getting his first side hustle and how he eventually became an online entrepreneur teaching others about how side hustles could take them to the next level with their financials. As I always tell people, at a certain point, you'll find with your budget that there's nothing left to cut out. And at that point, it's time to start looking at other ways to earn some extra income.

I hope you enjoy this interview with Nick, and make sure to scroll down below for more info about my Rich & Fit Bootcamp course, or click here to visit the registration page.

Check Out Nick's Best Podcast Episodes

Check Out Nick's Best Blog Posts

Follow Nick on Social

Register for the Rich & Fit Bootcamp

I mentioned in this episode that myself and business partner Jaclyn Phillips have finally launched our Rich & Fit Bootcamp course together, and I want to share all the juicy details with you! First, visit the registration page to learn more and to register before the cut off date of Wednesday, June 7. But also, check out our webinar replay to find out what we'll be teaching and what the course platform will look like when you get access to it.

And if you have any questions and aren't sure if this is right for you, please email me, happy to chat!

Learn more about the Rich & Fit Bootcamp

For more podcast episodes, check out the podcast page.

Show notes: jessicamoorhouse.com/110

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