What’s the difference between a financial advisor and a financial planner? How do you know if you can trust the person selling you life insurance? My guest this week is answering these questions and so much more! Joining me today is Huston Loke, the Executive Vice President of Market Conduct at the Financial Services Regulatory Authority of Ontario (FSRA).
Huston Loke, along with FSRA, aims to help protect consumers getting a mortgage, buying life insurance, and working with financial professionals. The Financial Services Regulatory Authority of Ontario (FSRA) was launched in 2019 but has already made significant progress in helping protect consumers seeking financial advice and services. Huston has previously served as a committee member of the Financial Stability Board and an advisor to the CEO of the Canada Mortgage and Housing Corporation (CMHC), and as the Director of Corporate Finance at the Ontario Securities Commission (OSC).
In this episode, Huston shares what exactly FSRA is doing to help protect consumers in Ontario and the red flags to look out for when seeking financial services. Additionally, he also explains the difference in financial titles and services that tend to confuse most consumers.
For full episode show notes visit: https://jessicamoorhouse.com/361
You might remember that a few months ago I was invited to join a YouTube accelerator program and through that, I was lucky enough to meet other Toronto-based creators. One of those creators I really enjoyed getting to know and so now she's on the show! Bisola Tijani aka WhizQueen is a YouTube and Instagram content creator whose content focuses on personal finance, being new to Canada, lifestyle and so much more!
Bisola is originally from Nigeria, but in 2019 applied and was accepted to become a permanent resident in Canada. She’s a business analyst by day, but her passions include personal finance and sharing her journey of making a new life for herself in Toronto.
In this episode, Bisola shares what it was like coming to Canada without any support system and how she managed to find a job, housing, and friends in a new country. We also talk about what it was like starting her financial life including opening a bank account, getting her first credit card, and building up a credit score. I’m so happy to have Bisola on the show and to hear her unique perspective on being an immigrant to Canada.
For full episode show notes visit: https://jessicamoorhouse.com/360
This week on the More Money Podcast, Clarissa Moore from Clarissa Explains Money joins me on the show to talk about debt, credit scores, and the importance of mental health. Clarissa is such an inspiration in the personal finance space and a great example that personal finance is for everyone and anyone can learn how to get better with their money.
Clarissa is a money coach and money expert. After paying off over $38K in credit card debt in 16 months and increasing her credit score, she founded Clarissa Explains Money, LLC to help narrow the gender gap in financial literacy. Clarissa’s mission is to help women make, manage, and multiply their money so they can live their best life without going broke.
In this episode, Clarissa shares the challenges she faced as a single mom of two and climbing her way out of credit card debt. She also shares the importance of talking about money and how it affects our mental health. It was such a pleasure to chat with Clarissa I know you'll love listening to this episode.
For full episode show notes visit: https://jessicamoorhouse.com/359
How secure is your information online? Do you use a password manager? Cyber security is more important than ever with phishing scams and cybercrimes gaining more victims every year. That’s why my guest today is Leigh Tynan, Director of TELUS Online Security, and she's sharing how Canadians can best protect themselves online this tax season and beyond.
Leigh has been with TELUS for over 17 years and is a Co-Chair for Connections, TELUS’ Women’s Network, and is part of the Connections Global leadership team. She's focused on ensuring all Canadians are able to easily protect their devices, online privacy, and most importantly, their identity.
In today’s episode, Leigh shares how cyber attacks and identity theft online can happen to any of us and that’s why it’s important to have layers of protection for our sensitive information. Leigh also shares how cybercrime has become rampant in recent years and how scams are getting more clever and harder to catch these days.
For full episode show notes visit: https://jessicamoorhouse.com/358
I have the Sassy Investor, aka Michelle Hung, joining me as a guest on the show today. I was so excited to have Michelle on the podcast to talk about the power of investing and why she believes younger generations should start learning about money management and investing as soon as possible (and I couldn't agree more!).
Michelle Hung is a CFA charter holder (Chartered Financial Analyst), a fee-only financial planner, and the author of The Sassy Investor, and Investing for Teens: How to Save, Invest, and Grow Money. After spending 7 years working in corporate finance and investment banking, she’s switched her focus to teaching others how to invest for their financial futures in order to build a lifetime of wealth.
In today’s episode, Michelle shares her backstory and how the Sassy Investor was born out of going through a tough time in her life. She also shares why she decided to write a book specifically for teens and young adults about how to invest and the mistakes she hopes her book will help them avoid making.
For full episode show notes visit: https://jessicamoorhouse.com/357
If you've been a long-time listener of the More Money Podcast, then it shouldn't come as a surprise that I think budgeting is an amazing tool when it comes to getting your financial life together. That's why this week I'm so excited to have Jesse Mecham, founder of You Need A Budget, on the show to discuss how he turned his budget spreadsheet into one of the most popular budgeting platforms around.
Jesse Mecham is a personal finance expert, business leader, podcast host, author, and founder of You Need A Budget. He's a self-proclaimed “recovering CPA,” passionate about budgeting and his four-rule method for keeping track of spending, saving money, and building wealth.
In this episode, Jesse explains what his four-rule method is and why he thinks there is no wrong way to budget. We also discuss how to approach budgeting and money in relationships and the importance of teaching your kids about personal finance from an early age. I hope this episode gives you a boost of motivation and reassurance that everyone is still figuring it out, even the experts!
For full episode show notes visit: https://jessicamoorhouse.com/356
We talk a lot about how to build wealth on the More Money Podcast, but what happens when you've finally "made it"? In today's new episode with Kristin Keffeler, author of The Myth of the Silver Spoon, we're taking a look at the other side of money and what problems may arise after you've achieved 1% status.
Kristin Keffeler, MSM, MAPP is a human capital coach, family dynamics advisor, consultant, and thought leader at the forefront of today's global shift in wealth advising, Wealth 3.0. She's the founder of Illumination360, in which she specializes in human motivation, behavioural change, and family dynamics, and helps guide affluent and enterprising families, rising gen, and the professionals who support them. Her new book, The Myth of the Silver Spoon, unpacks the hidden traps of inherited wealth and real-life challenges facing those born into affluent families.
In today's episode, Kristin shares her story of being a part of a wealthy family and how that impacted her identity and career choices. She also shares what the term "rising gen" means and the most common challenges she helps them face. Kristin also shares why affluent parents need to approach parenting differently and the importance of teaching their kids character-building skills.
For full episode show notes visit: https://jessicamoorhouse.com/355
This week I have a return guest who last appeared on the show in 2016 (Episode 64)! Jason Vitug is back on the show to give an update on what he’s been up to these past 7 years, including all the details of his new book, Happy Money Happy Life–A Multidimensional Approach to Health, Wealth, and Financial Freedom.
Jason is a wellness advocate, bestselling author, entrepreneur, producer, and founder of the financial wellness website Phroogal. His first book, You Only Live Once: The Roadmap to Financial Wellness and a Purposeful Life explored how to get your financial life together through budgeting and money mindfulness. This time around Jason is tackling mental health and how it affects all aspects of our life, including money in his new book, Happy Money Happy Life.
In this episode, Jason shares the 8 wellness dimensions and how they relate to our mental and financial well-being. He also explains the difference between mental and emotional health and why he is a big advocate for mental health. I’m so happy to talk about such an important topic on the show and it was great to have Jason share the insights he gained from researching for his new book!
For full episode show notes visit: https://jessicamoorhouse.com/354
The Canadian financial industry can be overwhelming, there are so many different designations, plus what's the difference between a financial advisor and a financial adviser? To help answer some of these questions about the industry and more, I have a long-time financial planner and industry advocate Jason Pereira on the show today.
Jason Pereira is a CFA, CFP (in Canada and U.S.), RFP, TEP, FCSI, CIWM, PFP, and FMA, plus holds two degrees including his MBA. He's the founding President of the Financial Planning Association of Canada, a director of the Institute of Advanced Financial Planners, and a director of the Individual Finance and Insurance Decision Centre. He currently serves as a columnist and advisory board member of the Globe and Mail's Globe Advisor.
In this episode, Jason answers so many questions pertaining to the industry, including the difference between fee-only and no-fee advisors, how financial designations work in Canada, and what terrible advice to avoid at all costs. Jason also explains common misconceptions about investing that could help you come tax season and when planning for retirement.
For full episode show notes visit: https://jessicamoorhouse.com/353
I haven't done a solo episode in over a year, so I thought the perfect time to do one would be to help kick off a new season of the podcast. In this episode, I wanted to share how my 2023 got off to an odd start and how that led me to reflect on what I want from 2023 in both terms of my life and my business.
I’m also answering lots of questions that were asked over on my Instagram and my email list, including some personal ones like how I feel about my money, especially with a recession looming and interest rates continuing to rise. Other questions include, how to use a money windfall and how to talk to your partner about money in your relationship.
Even though we’re in February, it is never too late to set some goals and intentions for the new year, especially when your finances are concerned. I hope this episode helps to give you that post-January boost to keep going so that you can have a great year!
For full episode show notes visit: https://jessicamoorhouse.com/352
The More Money Podcast is back for Season 16! I can’t wait to kick off the new season by interviewing TWO guests, which is a rarity and one of the reasons that I’m so excited to share this episode at the top of the season! Jen Smith and Jill Sirianni, co-hosts of The Frugal Friends Podcast, are joining me today to talk about debt and why frugality is considered the bad F-word in finance.
Jen and Jill are no strangers to debt since they’ve paid off a combined total of nearly $140k with their husbands. They approached their debt differently than some of the typical financial advice you'll hear the "gurus" sharing, which proved to them that personal finance solutions are not always one size fits all. Jen’s journey even inspired her to write The No-Spend Challenge Guide, a best-seller on Amazon. They now host Frugal Friends Podcast to help people overcome their impulse spending and transform the habits that cause them to overspend to live a better, more financially free life.
In this episode, Jen and Jill share their debt journeys and the shame and guilt that comes with paying them off. We also talk about how habit-forming and learned behaviours from childhood play a big role in your finances. Lastly, Jen and Jill share why FOMO and social media can be a leading cause for overspending and how to counteract the need to spend by figuring out your "Why" for your money.
For full episode show notes visit: https://jessicamoorhouse.com/351