For this bonus episode of the podcast, I interview Erin Bury, who you may remember from episode 70 of the show. Back then, in 2016, she was the Managing Director at 88 Creative. She’s since switched paths and co-founded the online will-making software Willful with her husband and has recently become the company’s CEO.
Since making a will is a very important element in having a complete financial plan, I wanted to have her on the show to shed some light about what the process looks like. I hope this episode inspires you to get a will if you don’t have one too!
For full episode show notes, visit https://jessicamoorhouse.com/202
There’s no point in talking about investing strategies or tips on how to stick to a budget if you don’t like who you are or the direction your life is going in, am I right? Personal finance is important, but being your authentic self and striving to be your best self is something I personally believe you need to work on first, otherwise you won’t have a strong enough reason to be smart and responsible with your money.
And that’s why I’ve got Mike Bayer a.k.a. Coach Mike on the podcast. He just came out with his New York Times best-selling book Best Self: Be You Only Better, and you may recognize him from his frequent guest spots on the Dr. Phil show. He joins me to talk about how we can all choose now to take action, start living more authentic lives and moving forward to fulfilling our full potential.
For full episode show notest visit https://jessicamoorhouse.com/201
If you’re looking for some motivation to set your goals and actually do something about them, then this episode is for you! I interview Natasha Koifman, founder and president of NKPR, one of North America’s top PR and marketing companies, about how she was able to go from young single mom to one of Canada’s most powerful and innovative women.
For this episode, we talk about what it means to show up for yourself (and others) and why it’s so important. What it really means, to break it down, is to put yourself forward and not be afraid to take risks or try new things. You only have one life to live, so get out there, take action and achieve your potential!
One thing I’ve been noticing lately is a lot of successful entrepreneurs and celebrities even are coming out and sharing that they are introverts. I find that so fascinating because I used to think that introverts were shy and hated things like networking and public speaking. Nope! That is not the case at all. Being an introvert just means that after you do something that involves a lot of socializing, you need some time alone to recharge.
This is something I can 100% attest to as an introvert myself. After an event, I need a good couple of days to recharge on my own. The same thing goes with Natasha, who is a master networker. So, there you have it. Being an introvert can no longer be an excuse for not putting yourself out there. You just need to push past that feeling of not wanting to go out or socialize and do it anyway. You’ll thank yourself later for doing it.
Natasha shares a great story about how she gets this amazing opportunity to run this event in a very short timeframe. She really wanted to say no because she wasn’t sure if she could pull it off, but she also knew herself and said yes to it anyway. Thankfully she did, it was a success, and that client became one of her main clients when she started her own business.
I do this all the time to. Sometimes when I land a big opportunity, I freak out and don’t think I can I do it. Listen, this is a good thing. If you’re not terrified of doing something outside of your comfort zone, then you’re not pushing yourself enough. So, I do the same thing and it’s worked really well for me in so many situations. If you get an opportunity to take on more responsibility or try something new, do it anyway! You’re more capable than you think.
Networking isn’t getting rid of your stack of business cards at an event or asking someone to chat further over a coffee. It’s about developing a true connection with someone and being respectful of their time.
If you want to reach out to someone you think you can learn from, do it the right way. Be proactive about reaching out to them, follow up if they don’t respond (remember, their busy not just ignoring you), and be clear about what you would like from them.
And if I can’t say this enough, stop asking people to “Pick their brain”, “Collaborate” or “Chat over coffee.” If you want to chat with them, ask to drop by their office, or talk over the phone or Skype for 15 minutes.
For full episode show notes visit https://jessicamoorhouse.com/200
Last Tuesday, I had the pleasure of joining forces with Erin Lowry (author Broke Millennial and Broke Millennial Takes on Investing) in Toronto for a special event we called Level Up Your Money!
It was a sold-out event sponsored by TD Direct Investing and was all about how to inspire and educate millennials about how to get started with investing. We were joined by money expert Barry Choi and TD Direct Investing Education Facilitator Diana Stoparic for a panel discussion on the key things we all need to know about getting started with investing.
Here is the live recording of our panel discussion, and as promised in this episode I’ll be doing another episode with the Q&A!
For full episode show notes visit https://jessicamoorhouse.com/199
It’s been a few years since I first had Erin Lowry on the show to talk about her first book Broke Millennial (that’s episode 109 if you want to listen), and she’s back with a brand new book called Broke Millennial Takes on Investing! She’s still on her book tour, but we recently teamed up to co-organize our Level Up Your Money Torontoevent last week, and while she was in town I got to do an in-person interview for this episode of the podcast.
Since her new book is about investing, but specifically a guide for beginner/millennial investors, that’s what we talk about in-depth in this episode. As we shared, we often get asked investing book recommendations, and there isn’t a whole lot out there as a good starter book. You can find some of mine on my recommendations page, but still many of those books can seem too advanced and thus do more harm than good.
Investing shouldn’t feel intimidating or scary, and the only way to feel more comfortable with investing is to educate yourself. It took me several years to feel confident even having certain guests on the show because I was afraid I’d say something wrong or use the wrong term. Here’s the thing, investing is simple. But it can also be as complex as you want it to be. The key thing is to start by learning the foundations, then continue educate yourself by learning more advanced topics in investing. And as a little self-promo, that’s literally why I created my Investing Foundations for Canadians course. It’s the perfect place to start to build that foundation and grow from there.
This was a topic we touched on and there’s so much confusion about fiduciary duty in Canada. If you pick up any American investing book, it’ll tell you to make sure you work with a fiduciary to get unbiased advice. In Canada, we don’t have the same regulations. Here are some articles that go more in-depth:
Another thing that’s important to make clear is although there are a lot of similarities between Canada and the U.S. in terms of investing, there are some differences too. In Canada, there are three different ways to invest: work with an advisor through an investment firm or financial institution, use a robo-advisor, or go self-directed (DIY) using a discount brokerage.
The biggest difference between Canada and the U.S. is of course the different regulations of our advisors, but also how our robo-advisors work. For all robo-advisors in Canada, there is always an investment professional behind the scenes. It’s not just an algorithm, there are people monitoring portfolios, rebalancing, and giving advice to clients.
I love having repeat guests on the show, especially when it's been years since their last interview with me. For this episode, I have FinancialMentor.com founder and author Todd Tresidder back on the show to talk about his new book The Leverage Equation. If you're a longtime listener, you'll remember him from episode 46 where we talked about his journey of reaching financial independence at 35.
For this episode, we talk more about the topics he discusses in his book, namely how to reach financial independence by using leverage.
So, what is leverage? It's not a negative word at all! It actually means using different processes and strategies to reach your goals. For instance, we talk a lot about how many investment experts will share how passive investing is the way to go. And although Todd agrees this strategy has merit, he doesn't believe can reach millionaire status quickly by doing this alone. In order to reach financial independence at an early age, you need to take advantage of other asset classes besides stocks and bonds, such as real estate and entrepreneurship.
To learn more, grab a copy of his new book The Leverage Equation!
Todd has a whole series of courses on different aspects of investing. Click here to check out all 7 courses about how to reach seven figures in seven steps!
For full episode show notes, visit https://jessicamoorhouse.com/197
What was going to be an interview about how Grant Sabatier, blogger at Millennial Money and new author of Financial Freedom, was able to become a million in only 5 years, sure turned into something quite different!
Maybe it’s because I’ve interviewed so many guests on the show about how they’ve reached millionaire status at such a young age, or because Grant majored in Philosophy, but in this episode we dive deep and talk about the “Why” behind wanting to reach financial independence.
For Grant, saving up a million dollars meant freedom. All he wanted was freedom. He wanted to be able to dictate his own schedule and essentially not be forced to make life decisions based on the balance in his bank account. I know many other people working towards F.I.R.E. also seek freedom, but for others it’s security or a way of laying a foundation to take more calculated risks in life.
What I’d suggest after listening to this episode is to define your financial independence “Why”. So many people think the goal is to become a millionaire, but money is just a tool at the end of the day. There are plenty of examples of unhappy and unfulfilled millionaires out there, just take a look. You need to find your “Why” or your purpose first, and then determine how much you need to save to get there.
Then, you need to figure out the “How”, which you can do by grabbing a copy of Grant’s book.
For full episode show notes, visit https://jessicamoorhouse.com/196