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Mo' Money Podcast | Personal Finance with Jessica Moorhouse

Award-winning blogger and podcast host Jessica Moorhouse interviews top personal finance experts like Gail Vaz-Oxlade, 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, 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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Now displaying: September, 2016
Sep 29, 2016

Faced with the reality that she had to pay her own way through university if she wanted a degree, Taylor Milam is a true example that hard work and resilience can really pay off.

Long description:

My third episode in my special podcast listener series features Taylor Milam from San Diego. Her debt story may sound very familiar to you if you had to pay for school on your own, work a few jobs at night and still depend on student loans to finish your degree.

But her story is also a great example of where resilience and hard work can take you. Sure, Taylor had to get student loans to pay for school, but she also worked relentlessly to pay them off as soon as she could. And she did! After only 7 months she was able to pay off $14,000 in student debt.

Now, she's on a mission to help people just like her get out of debt, and more importantly stay out of debt, on her blog The Freedom from Money.

Got a story that you think would be good to share on an episode on of Listener series? Please email me!

For more podcast episodes, check out the Podcast page.

Shownotes: jessicamoorhouse.com/61

Sep 28, 2016

It was such a delight to chat with Alison Green from AskAManager.com about her amazing blog and to pick her brain about interviewing as a new post-grad, revamping your resumé, and switching careers. If you're a student, Millennial, or just listening to this episode at work and really wish you weren't at work, this is an episode you will get so much out of. Make sure to check the show notes so you can find out how to submit your work/career questions to Alison too.

Long description:

It was honestly such a dream to chat with Alison Green from Ask a Manager. As I mentioned in the episode, I read her blog religiously the year I moved to Toronto and was trying to switch careers from advertising sales to digital marketing. 

Not only was it a great view into what other people have to deal with in their offices on a day-to-day basis, but she has some darn good advice! Probably the best career advice I've ever gotten. I absolutely credit Alison with helping me revamp my resumé and landing my current job. And it wasn't just a new job I got, I also increased my salary by about about $20,000 compared to the job I left in Vancouver. That's a lot of meatballs! The reason I wanted to interview Alison for this episode is because when it comes to personal finance, a big element is how much you take home. You can only save so much, so if you feel like you're stuck in a dead-end job and not making your worth, it's time to do something about it. It's definitely scary switching jobs or careers, but in my experience it can also be the best decision you could ever make.

Got a Work/Career-related Question for Alison?

I'm not ashamed to say it, I've totally submitted a question for Alison to answer on the blog a few years ago, and she answered it too! It was the coolest thing to get her insight into my situation, so if you want to pick her brain, I highly suggest submitting your question to Alison too.

Alison's Super Helpful Career Resources

Follow Alison on Social

For more podcast episodes, check out the Podcast page.

Shownotes: jessicamoorhouse.com/60

Sep 22, 2016

I hosted and organized my very first event recently, called the Millennial Money Meetup. It was graciously sponsored by EQ Bank, and featured fellow money experts and bloggers Barry Choi, Michelle Summerfield and Daniel Teo. This event was all about creating a community and a safe space for Millennials to get together and talk about something that's generally considered taboo...money. Not only did we get a full house, I got a lot of great feedback and everyone had a rockin' time! This is definitely the first of many Millennial Money Meetups, and I can't wait for the next one.

Show notes: http://jessicamoorhouse.com/59

Sep 21, 2016

This episode is all about fees, and my guest, Transcend Private Client president Chris Ambridge, has a wealth of knowledge to share all about it. We also discussed CRM2, the new amendments coming into play to make it more clear how much we're paying in fees, and we talked about the different ways advisors are compensated, so you have a better understand of why they may suggest certain investment products to you.

Long description:

This episode is all about fees, because even though it paying fees on investments may seem like a little thing...it's not. Like my guest Chris Ambridge, president of Transcend Private Client, mentions in the episode, surprisingly 2/3 Canadians don't know their paying fees. Reality check people, you are paying fees! Everyone pays fees on investments. How else do you think banks and wealth management firms make money?

But even though we are paying fees, and there really isn't any way around that, it's important to know how much you're paying. That's why we also discussed CRM2 and how this will will help clients like us know exactly how much, in dollars, we are paying. It's great to see a percentage, but I think seeing the dollar amount will really help us all know whether we're paying too much for what we're getting.

Hey, I'm fine with paying high fees, if I'm getting a high return. But that's usually not the case. That's why it's important to look over your investments every once in a while to check if you're really get any bang for your buck. If you're paying 2.5% on a mutual fund and only seeing a 4% return, it might be time to look into something else (perhaps Index Funds and/or ETFs?).

More Helpful Info About CRM2

We talked quite a bit about Client Relationship Model - Phase 2 (CRM2), but I wanted to make sure you really understood what all this is all about. CRM2 came into effect July 15, 2013 and has been phased in these past 3 years. Essentially, what these amendments mean is that beginning July 15, 2016, registered financial firms will need to:

Provide an annual report on charges and other compensation that shows, in dollars, what the dealer or adviser was paid for the products and services it provided - Ontario Securities Commission

Basically, these amendments are a way to evoke more clarity when it comes to fees, instead of making it hard for clients to truly understand how much they're paying for their investments. If you want to go further down the rabbit hole, here are some good websites to check out that go more in-depth about CRM2.

Learn More About Transcend's Pay-for-Performance Service

Check Out Transcend's Latest Blog Posts

Follow Transcend on Social

  • Connect with Transcend on LinkedIn
  • Follow & chat with Transcend on Twitter
  • Stay up-to-date on everything investing on Facebook

This episode is sponsored by Transcend Private Client. All the opinions and thoughts are my own.

For more podcast episodes, check out the Podcast page.

Shownotes: jessicamoorhouse.com/58

Sep 15, 2016

My second episode in my special podcast listener series features Lindsay VanSomeren, who is originally from Colorado, but now lives in Alaska with her husband. Her story is also a debt story like my first listener series episode with Amanda from Ottawa, but instead of student debt or consumer debt, she's dealing with housing debt.

And no, not just carrying a mortgage, but the cost of fixing and maintaining a home. I guess some could call this a "Money Pit" situation (any fans of the 1986 Tom Hanks movie?), but what Lindsay is dealing with could honestly happen to anyone. Even if you get a housing inspection, you sometimes don't know what's wrong with the place you've bought until you've lived in it for a little while. It's sort of the dark side of home ownership that doesn't get too much attention.

Luckily, Lindsay was kind enough to share her story, her experience and the lessons she's learned from it so you can avoid getting into a similar situation. Or if you are dealing with a housing nightmare, take some of Lindsay's bits of advice on how to get out of it.

Lindsay also mentioned that one of the ways that helped her pay down her debt was to start freelance writing on the side. She even wrote about it on her very own personal finance blog Notorious Debt, and apparently she made $2,500 in her first four months of freelance writing!

Got a story that you think would be good to share on an episode on of Listener series? Please email me!

Shownotes: jessicamoorhouse.com/57

Sep 14, 2016

For this episode, I chat with a truly wonderful man, who is so full of positivity and financial expertise, I can't believe I booked him for this interview! I'm of course talking about the one and only Bruce Sellery. He's a TV host, author, speaker and business journalist who makes money easy to tackle and kind of fun. In this episode, we talk about his successful career and how it all came to fruition, how he got to become a published author, and what the most important things everyone should know when it comes to personal finance.


This episode of the Mo' Money Podcast is brought to you by WealthSimple. To learn more about the the fastest-growing automated investing service in Canada and to get your special $50 bonus when you open a new WealthSimple account, go to: wealthsimple.com/jessicamoorhouse.

Bruce Sellery is seriously a delight! I was so nervous about contacting him because I'm definitely a fan and just love what he's doing in the personal finance space. But Bruce being the genuine guy that he is, got back to me right away and was such an amazing guest to have on the show. In this episode, we chat about his career, and how it started in the corporate world, led him to become a founding member of BNN, and then eventually a published author, TV host, public speaker and personal finance expert.

If you haven't read Bruce's books yet, I highly recommend them. As I mentioned in this episode, I just love his tone in his writing. I don't know how he does it, but it definitely reads like you're best friend is talking to you and just makes money something fun to tackle with his guidance.

What I didn't include in this episode is a long conversation about dessert. He mentioned apple fritters as his go-to sweet, and for me I'm all about the cupcakes. And I couldn't believe he'd never been to Bakerbots Baking in Toronto before, then again I've never seen an apple fritter there.

Bruce's Books You Need to Check Out

Follow Bruce on Social

For more podcast episodes, check out the Podcast page.

Shownotes: jessicamoorhouse.com/56

Sep 9, 2016

For my first episode in my special podcast listener series. My first guest is Amanda D. from Ottawa. I originally interviewed her in June for my "4 Women Who Will Inspire You to Crush Your Debt" blog post, but I knew I needed to interview her for my podcast. She's an incredible woman who got into $64,000, then got herself out of it through sheer willpower, initiative and hard work.  

Long description:

For my first episode in my special podcast Listener Series. My first guest is Amanda D. from Ottawa who works as a Healthcare Professional. I originally interviewed her in June for my 4 Women Who Will Inspire You to Crush Your Debt blog post, but I knew I needed to interview her for my podcast.

Amanda is an incredible woman who got into $64,000, then got herself out of it through sheer willpower, initiative and hard work. I know her story will be able to inspire, motivate and educate others going through something similar. And if you have a story that you think would be good to share on an episode on of Listener series, please email me!

For more podcast episodes, check out the Podcast page.

Shownotes: jessicamoorhouse.com/55

Sep 8, 2016

Did you miss me? I sure missed you! It was great to take the summer off to take a break from the podcast and record a slew of new episodes for season 3, but a lot has happened these past few months. I share all my big news, including me being a new homeowner, going back to school (again!) and my first ever event aptly titled the Millennial Money Meetup.

Long episode description:

I’m back! Did you miss me? I certainly missed you! But man did I need a break. Not that it was much of a break if I’m honest. All summer I’ve been more busy than I was before I went on a podcast hiatus. I really did think I was going to spend at least most of the summer relaxing, enjoying the weather and recharging. But that didn’t happen. Not by a long shot.

I have a bit of a problem you see. I get a lot of new ideas that pop into my head. And although most of those ideas are total crap, lots of them are good and I go full force in trying to make them happen.

For instance, did I mention I’m a homeowner now? That was an idea I had (well, not a new idea) in June, and it really started taking form in July. I know some of it had to do with me turning the big 3-0, but I also thought “Why not just look? Who knows what’s out there?” My husband was on board, and fast forward to today, I’m now sitting in the living room of a townhouse I own! What the what?

Another idea I had was to do an event. I have a bit of events experience, and I saw that there weren’t any other events in Toronto for millennials about personal finance. I’m incredibly passionate about financial literacy, especially for my generation, so I got a sponsor (thank you EQ Bank!) and have been scrambling to put this event together for mid-September. It’s basically all done except for a few minor details, and I think it’s going to be a pretty good event since we hit maximum registration in only two weeks. And just in case you want to see what this event is all about but can’t attend, I’m going to be livestreaming it on Facebook and making it into a special podcast episode too.

Now, if that wasn’t enough, I thought why not go back to school! I’ve mentioned several times how I would love to become a money coach down the road, and I thought, why not become one now? I’ve got the drive and I want to set up this new side business sooner rather than later. So I’ve enrolled in a program to become an Accredited Financial Counsellor. I just got my textbooks in the mail, so once I’ve got my townhouse more in order, I’m gonna be cracking open those books and studying like hell!

Oh yeah, one more thing. So, I’ve got a blog, I’ve got a podcast, but one thing I don’t have is a vlog. I have a film degree for goodness sakes, but I think I was just too chicken to do the video thing honestly. Well, I’ve learned that sometimes you just need to do it (like with my podcast) and see what happens. Hence, my first vlog below. My younger sister Sarah told me that I’m not really looking at the camera properly, my background is too dark and not pretty enough and in general I should take some time to study her favourite vlogger Estee Lalonde. Fair enough, her videos look incredible.

It’s gonna be a busy end of 2016. Maybe I’ll take a real break in 2017. Here’s hoping.

Shownotes: jessicamoorhouse.com/54

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