Cover image of Mo' Money Podcast
(89)
Business
Investing
Entrepreneurship

Mo' Money Podcast

Updated 5 days ago

Business
Investing
Entrepreneurship
Read more

Millennial money expert, Accredited Financial Counsellor Canada® and podcast host Jessica Moorhouse interviews top personal finance & business experts (John Lee Dumas, Chris Guillebeau, Bruce Sellery, Preet Banerjee), celebrities (Perez Hilton, Scott McGillivray, Farrah Abraham), 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.

Read more

Millennial money expert, Accredited Financial Counsellor Canada® and podcast host Jessica Moorhouse interviews top personal finance & business experts (John Lee Dumas, Chris Guillebeau, Bruce Sellery, Preet Banerjee), celebrities (Perez Hilton, Scott McGillivray, Farrah Abraham), 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.

iTunes Ratings

89 Ratings
Average Ratings
72
7
5
2
3

Positive vibes!

By mohanadmk - May 03 2019
Read more
Always lovely hearing Jessica

Refreshing

By Elysian78976 - May 14 2018
Read more
Finance in language I can understand! Thank you

iTunes Ratings

89 Ratings
Average Ratings
72
7
5
2
3

Positive vibes!

By mohanadmk - May 03 2019
Read more
Always lovely hearing Jessica

Refreshing

By Elysian78976 - May 14 2018
Read more
Finance in language I can understand! Thank you

Listen to:

Cover image of Mo' Money Podcast

Mo' Money Podcast

Updated 5 days ago

Read more

Millennial money expert, Accredited Financial Counsellor Canada® and podcast host Jessica Moorhouse interviews top personal finance & business experts (John Lee Dumas, Chris Guillebeau, Bruce Sellery, Preet Banerjee), celebrities (Perez Hilton, Scott McGillivray, Farrah Abraham), 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.

003 The Shopping Ban - Cait Flanders from Blonde on a Budget

Podcast cover
Read more

Cait Flanders from the popular personal finance blog Blonde on a Budget and I talk about her recent debt pay-off, her shopping ban and her new simplistic lifestyle.

Long episode description:

I really looked forward to having Cait Flanders from Blonde on a Budget on my podcast. I think she was actually one of the first guests I approached to be on the show and she said yes right away (thanks Cait!). Not only is Cait one of my all-time favourite personal finance bloggers, we’ve also become really great friends over the past few years. She is seriously just as genuine in-person as she is on her blog, which is why I think we get along so well. I’m a give it to me (and give it to you) straight kinda gal and Cait is definitely one of the most honest people and bloggers I know. Not many people could write about getting themselves out of debt and embarking on a shopping ban like she does.

A bit of background on how this episode came together, I actually recorded it on site in Vancouver. I went to Vancouver in March to visit my family and while I was there I had a bit of free time. So, I asked Cait to come over and we recorded this episode together. I was pretty nervous because this was the first time I’d ever used all of my podcast equipment by myself (I previously relied on my audio engineering husband), but luckily I didn’t mess anything up and it went pretty smoothly.

Besides Cait being a friend and a favourite blogger of mine, the big reason I wanted her to share her story on my podcast was because it is so relatable. She racked up a bunch of credit card debt, had to move back in with her parents, then started blogging about her situation as motivation to get out of the hole she dug herself. And she did it, and continues to live a more financially responsible lifestyle which includes a shopping ban and living like a minimalist.

We mentioned a few resources on the show, so I wanted to include them below. And if you’re just getting into personal finance and budgeting yourself, I highly recommend checking out Cait’s new Mindful Budgeting Program below. It’s a super handy tool to help you start budgeting with your best foot forward!

Mentioned on the show

Helpful budgeting tools

Shownotes: jessicamoorhouse.com/3

Jun 03 2015

34mins

Play

131 How to Build Wealth by Changing Your Money Mindset - Kelley Keehn, Author & Personal Finance Expert

Podcast cover
Read more

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 22 2017

38mins

Play

155 Practical Strategies to Pay Down Debt & Retire Early - Deacon Hayes, Author & Founder of Well Kept Wallet

Podcast cover
Read more

Want to learn how to become debt-free and financially independent? It doesn’t have to be one or the other, you can dig yourself out of debt and retire early. Just take it from Deacon Hayes from Well Kept Wallet who was able to pay of $52,000 in debt in only 18 months, then become financially independent and retire early with his family. If he can do it, why not you?

Long description:

Deacon Hayes, the blogger and podcaster behind Well Kept Wallet, was knee deep in debt to the tune of $52,000 in 2010. But instead of digging himself further and further into the whole, he decided to take responsibility and dig himself out.

He started by looking to the experts, other bloggers and authors that offered personal finance advice, and was able to implement their strategies to become debt-free in only 18 months!

Now, he’s all about educating others to do the same. But he doesn’t just focus on helping others become debt-free, he also wants to share how they can become financially independent and retire early too.

That’s certainly never something he thought he’d be able to accomplish, but now, in 2018, he is financially independent and technically an early retiree. But instead of drinking Pina Coladas on the beach somewhere, early retirement to him means being able to afford to do what he wants with each day. And what he wants to do is educate and inspire others to take control of their finances so they can live the lives they really want.

How to Become Debt-Free

So, in this episode we talk about a lot of things, but first let’s talk about debt repayment. Honestly, at the end of the day, to get a handle on your spending and debt, there are two simple things you need to do.

  1. Reduce your expenses
  2. Make more money

If you actually implement both things, you’ll be able to become solvent once again. It may take some time (longer than 18 months), but even if it takes a few years, these two things are key and they work!

Deacon also recommends the cash envelope system for reigning in spending, and having monthly money meetings with yourself or your partner to talk about your budget, your spending and net worth, and your future goals you’re working towards (and I totally agree!).

How to Become Financially Independent

Now, let’s talk early retirement. In order to achieve financial independence, there are three paths you can follow (though technically you don’t have to pick just one, you can do a combination or all three):

  1. Invest in real estate
  2. Invest in the stock market (no more than 10% individual stocks, then diversify your portfolio with index funds and ETFs)
  3. Earn more money through entrepreneurship

And to help guide you and give you examples on how to do this, Deacon share real-life case studies on his website.

Get His Course for Free

Want to take Deacon’s “Debt Free in 18 Months” course for free? It’s valued at $97, but you can sign up for free by going to: wellkeptwallet.com/retire

For full episode show notes visit https://jessicamoorhouse.com/155

Apr 18 2018

31mins

Play

051 Money Lessons from a Money Guru - Gail Vaz-Oxlade, TV Personality & Author

Podcast cover
Read more

The one and only Gail Vaz-Oxlade and I chat about her career as a personal finance guru, TV host and best-selling author. She also shares her top money tips for getting rid of debt, kicking bad financial habits to the curb and leading a more balanced life.

Long episode description:

This episode of the Mo’ Money Podcast is brought to you byWealthSimple. 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.

Before I even recorded my first podcast episode almost a year ago, there was one guest I always dreamed of interviewing. At the time I thought it was just that, a dream, but one year and 51 episodes later it’s now a reality!

I’ve been a huge fan of Gail Vaz-Oxlade for years. I obsessively watched Til Debt Do Us Part when I was 24, broke and living in a basement with two equally broke roommates. It was her say-it-like-it-is attitude and helpful advice that motivated me to save as much as I could and stick to a budget during those tough years. I am so thankful for her show and books, and I know I wouldn’t be as financially on track today if it weren’t for her.

I am also thankful that I got the gumption to ask her to be on my podcast early this year, because I think I got her right in the nick of time! Gail has had a long and successful career as a money guru, and she mentions in this episode, she’s going to be taking a step back to focus on other opportunities.

I hope you love this episode as much as I do! And I ardently encourage you to check out some of her helpful resources, her awesome books (Money Talks is a great read!), and join her community on Facebook. And make sure to check back here next week (or subscribe to my email list) for my final episode of the season where I’ll be doing a special solo episode and giving away some prizes to mark my one year podcast anniversary!

Helpful Resources & Tools

Gail’s Books You Need to Read Right Now

Follow Gail on Social

Shownotes: jessicamoorhouse.com/51

May 25 2016

38mins

Play

159 How to Become Financially Independent by 35 - Chris Reining, Early Retiree & Writer

Podcast cover
Read more

Another inspiring interview to get you excited about FIRE! I interview Chris Reining in this episode, who was able to achieve financial independence by 35 (meaning he saved up $1million), and retire comfortably at 37. Now, he spends his days working out, doing yoga and meditating, and writing on his blog at ChrisReining.com. So, how did he do it? He shares how in this interview, so check it out! 

Long description:

I’ve been chatting to a lot more guests this season who’ve been able to achieve financial independence in their 30s, and wow is it inspiring! Because really, they didn’t do anything crazy to achieve financial independence. They just made that their main goal and went for it!

And Chris Reining, who was able to reach financial independence at 35 and retire at 37, is no different. He didn’t come from wealth, and although near the end of his career his was earning money, he was by no means “rich”. He worked in cyber security in Madison, Wisconsin and did two main things to reach his goal of saving up $1,000,000 for retirement.

Practice Value-Based Spending

This term “value-based spending” has been popping up a lot more, and for good reason. It’s taking the extreme out of being totally frugal or a shopaholic. It is giving you permission to spend your money (because after all, that’s what it’s for), but also giving you that balance and perspective so you spend it wisely. By practicing value-based spending, not only will you feel more joy when you do spend money, you’ll also find that there’s a lot more money available to save for your future goals.

Chris shares that when he started practicing this, he found it easy to cut out coffee, cable and his expensive hobby of flying planes. They didn’t align with his values, and so he started only spending money on what did, and then making a conscious effort to live below his means so he could continue to save up and invest for his goal of early retirement.

Earn More Money

As Chris says in our interview together, at a certain point, there’s no where else to cut back, and at that point you’ll need to figure out how to earn more money. What Chris did to grow in his career and earn a higher salary was find a mentor, learn some new skills and push himself to take public speaking lessons by joining Toastmasters.

By doing this, he was able to earn more and reach his goal of financial independence that much sooner.

For full episode show notes, visit https://jessicamoorhouse.com/159

May 16 2018

37mins

Play

089 How to Save Half Your Income Like a Pro - Desirae Odjick, Blogger at Half Banked

Podcast cover
Read more

Desirae Odjick, the blogger behind Half Banked, shares her personal finance journey and best money tips for saving and investing for millennials.

Long description:

I know I said Desirae Odjick, the blogger behind Half Banked, is like a mini-me, but I think what I really meant is she's like a sister from another mister. Once we started chatting, it's like we'd already knew each other, and it was such a treat for me to interview her after following her blog for so long.

In this episode, we talk about it all. We touch on how her mom paid her to read personal finance books (which sounds like a dream, but I'm obviously a huge nerd), why she started her blog, how she's on a journey to save half her income, and how she budgets the "low tech" way with a good ol' budget spreadsheet.

We also talk a bit about investing, something I think a lot of millennials are afraid to start because they're either afraid of the risk or just don't know where to start. Luckily, Desirae created a great foundational (and free) course to get anyone started on their investing journey. She also mentions that she invests with Wealthsimple, one of the leading robo-advisors in Canada, which is one route you may want to look in to. And if you sign up with Wealthsimple, you can get a $50 bonus when you sign up with them.

Desirae has a number of other super helpful resources to help anyone just starting out with taking control of their money, so I've listed them all below.

I've also recently made a free email course, called the Get Your Financial Life Right Challenge, that goes through all the basics of personal finance in 10 days. Sign up to get your first email right away!

Helpful Resources You Should Check Out

Follow Desirae on Social

For more podcast episodes, check out the podcast page.

Show notes: jessicamoorhouse.com/89

Feb 08 2017

29mins

Play

077 Listener Series - How Steve Saved Up $3 Million for Retirement Working a Regular 9 to 5

Podcast cover
Read more

Think you can become a millionaire by working a regular 9 to 5 job? I know I have a lot of guests on the show who promote the benefits of entrepreneurship and working for yourself to get ahead financially. But for this Listener Series episodes, I chat with Steve Cousins from Arkansas about how he was able to reach financial freedom by working as an employee for the same company for almost 40 years.

I know, I know, many of us Millennials may think that Steve's story sounds exactly like the advice our parents gave us. Go to university, get a job, work hard, save and contribute to your retirement fund, then you'll be able to retire in style. This was a way more common path for Baby Boomers and Gen Xers, but I don't think it's impossible for us Millennials.

When talking with Steve, it becomes clear that that's not exactly the path you need to take to grow in your career. You can't just get any degree. You need to get one that has a high demand for skilled workers.

You can't just work hard. Everyone works hard. You need to realized when it makes sense to stay at a company and when it doesn't. Just like he said, he encouraged some of his co-workers to leave his company because he knew that if they stayed, they wouldn't move up as fast compared to if they went to another company.

And lastly, you can just save and contribute to your RRSP or 401K. You need to live frugally, not try to keep up with the Jones', invest wisely and have a plan to continue to earn money during retirement.

I absolutely love how Steve has become this serial entrepreneur with 4 different jobs now that he's retired. And it's not that he needs the money or is working 24/7 now. He gets to work when he wants to doing what he wants to.

If that's not living the dream, I don't know what is! Thanks Steve for sharing your story with me.

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/77

Nov 24 2016

34mins

Play

106 How to Become a Millionaire on an Average Salary - Andrew Hallam, Author of Millionaire Teacher

Podcast cover
Read more

Want to become a millionaire, but don't think you'll ever earn a crazy salary? Millionaire Teacher author Andrew Hallam shares why it's not how much you earn, it's how much save and invest that's truly important.

Long description:

I don't normally, or ever, get excited about investing books. Since I started the podcast, you wouldn't believe how many authors, agents and publishers infiltrate my inbox with their latest investing book they like me to check out.

Hey, it's nice to get free books to check out, but I've got limited time and I can really only sit down and spend time with the books I know my blog readers and podcast listeners will love to. Millionaire Teacher by Andrew Hallam is one of those books. To find out more about the book and what you can expect to learn when reading it, check out my book review.

I think the single most fascinating thing about Andrew's book is that his strategy for investing and becoming a millionaire isn't anything we haven't heard before. He preaches living within your means, not spending like a millionaire before you are, and sticking to simple index funds and ETFs for your portfolio. Then just be patient and consistent. That's it!

There's no such thing as a get rich quick strategy that's not a total scam, and the only way to truly build wealth is by being mindful with your money and intentional with your spending. It's that simple.

I'm not exaggerating when I say that I whipped through his book in a weekend and then couldn't wait to tell the world about it. His book actually made me realize "Hey, if he can do it on a teacher's salary, my husband and I can do it as two self-employed people." We're still young, we've moved our investments over from actively managed mutual funds to low-fee ETFs, and we're making a very conscious effort to curb our spending and living a frugal lifestyle.

I'm not exactly sure if we'll be able to attain millionaire status like Andrew did at 38 (that's only 8 years away), but you never know! I'll just be happy if we can achieve that in our late 40s or 50s, and I'm excited to put Andrew's tips into practice to help us get there.

Also, in case you're scratching your head about the giraffe photo I mentioned at the end of the episode, when I was emailing Andrew to set a date to chat for the podcast, he was travelling around Kenya. Because he's awesome, he shared this really cute photo of himself getting headbutted by a giraffe and I literally laughed out loud when I got it. So there you go!

Check Out Andrew's Books

Andrew's Investing Book Recommendations

Follow Andrew on Social

For more podcast episodes, check out the podcast page.

Show notes: jessicamoorhouse.com/106

May 03 2017

43mins

Play

188 How to Get Rich by 30 - Lesley-Anne Scorgie, Author & Personal Finance Expert

Podcast cover
Read more

It was one fateful day when a 17-year-old Lesley-Anne Scorgie went viral because of her financial acumen. Not only did she get featured in newspapers across Canada, she also landed a spot on the Oprah Winfrey show because she aspired to become a millionaire by 25 and was well on her way to reaching that goal.

As Lesley-Anne says in our interview together, the Oprah effect is real and her short segment on the show catapulted her career into one Canada’s top money experts today, with four books under her belt, regular TV appearances and speaking gigs. Not only that, she launched her own money coaching business called MeVest, and focuses on teaching others how they can take control of their financial future like she did.

In this episode, we discuss what inspired her to get into personal finance at such a young age, what she learned from striving towards an aggressive goal in her 20s (spoiler, she wishes she enjoyed her 20s a bit more), and what some of the most common concerns and struggles her money coaching clients have.

Grab Copies of Lesley-Anne’s Books

For full episode show notes, visit https://jessicamoorhouse.com/188

Mar 13 2019

42mins

Play

140 Listener Series - Why You Should Try Out a No Spend Challenge

Podcast cover
Read more

Looking for some inspiration to get your spending under control? There's no better time than the present to try something new, like a no spend challenge. That's why I'm chatting with two of my podcast listeners for this episode, so they can share their experience and tips on how to save money and conquer their bad spending habits by doing a no spend challenge.

Long description:

For my first Listener Series episode for Season 6, I've got not one, but two podcast listeners on the show to share their experience and tips for doing a no spend challenge. Michaela and Dan are a couple, engaged and saving up for their wedding, and they got the idea to try out a no spend challenge by seeing someone do something similar on Instagram. Feeling like they never truly knew where they money was going, they embarked on this no spend challenge that would mean they could only spend money on their essentials, and try to live as frugally as possible.

Their hope was that it would help them reign in their spending and focus their spending on this that really mattered to them in life. They also wanted to stop the endless cycle of consumerism that so many of us or on (and feel like we can't get off). Well, they successfully did the challenge for a month, and now have continued to practice living below their means, saving the extra income, and just living a life that's not as focused on spending and buying new stuff.

After talking with them, it definitely inspired me to reign in my own personal spending and do my own version of a no spend month. For all of January, my husband and I have been making all of our meals at home (save for one lunch that cost us $30) and have not bought any alcohol (though I did buy one beer with a friend, but I'd made those plans back in December!). Like Michaela and Dan, we realized that not spending all of our money on going out to eat or buying beer and wine for our home like we regularly do, hasn't actually affected our happiness at all. Instead, we replaced those two big spending habits with other things, like cooking healthy meals at home, and swapping alcohol for lemon water, tea or coffee.

If you want to embark on something similar, I highly recommend doing a no spend challenge or your own, or signing up to my free Rich & Fit Detox. It's a free 5-day email challenge that shows you how to do a health detox, practice self-care, stop mindless spending and declutter your home.

For full episode show notes, visit https://jessicamoorhouse.com/140

Jan 25 2018

30mins

Play

133 How to Actually Retire Early - Tanja, Blogger at Our Next Life

Podcast cover
Read more

Retiring early isn't just for the privileged and doesn't have to be a daydream you refer at your 9 to 5 grind. You can actually retire if you have a plan to get you there, and Tanja from Our Next Life shares how her and her husband were able to do it.

Long description:

Ever since I connected with Tanja from Our Next Life about a year ago, I was waiting for the opportunity to have her on my show. But for most of the year she was an anonymous blogger. You see, she was waiting to reveal herself until she was able to hand in her notice at her job so her and her husband could retire early.

Well, she’s handed in her notice and is set to officially retire early this January. I know, I know, this sounds like a dream most of us have had while putting in those long hours at our day jobs. But what’s awesome about my interview with Tanja is she discusses how her and her husband were able to do it. And they didn’t go to any extremes to reach their goal. They didn’t sell all their things or sacrifice their present happiness and comfort to reach tomorrow’s goal of financial independence.

Besides sharing the steps she took to be able to retire early (in her 30s!), she also shares the book that inspired her to take this journey. It’s called How to Retire Early by Robert & Robin Charlton, and it’s a book she highly recommends if anyone wants to learn more about how to make a solid plan to retire early.

I know I’m definitely going to check it out, because achieving F.I.R.E. is definitely one of my new crazy big life goals! And if Tanja can do it, really anyone can do it!

Learn More About Tanja

Follow Tanja

For full episode show notes, visit https://jessicamoorhouse.com/133

Nov 29 2017

44mins

Play

149 Living Your Best Life Through Sustainable Frugality - Elizabeth Willard Thames, Blogger & Author of Meet the Frugalwoods

Podcast cover
Read more

Your path may not be to quit city living and move to the woods, but that's not what Liz's (a.k.a. Mrs. Frugalwoods) story is about. In her new book, Meet the Frugalwoods, she shares how defining your life can help lead you to your best life, whether that’s living simply in the country, living it up in the city, or being nomadic and travelling the world. Not matter what path you end up on, the most important things to always remember is being true to yourself and making sure you’re living a life with more intention.

Long description:

Joining me again on the podcast, and now no longer an anonymous blogger at Frugalwoods, Elizabeth Willard Thames is the newly published other of Meet the Frugalwoods. Not a “how-to” book on living that frugal life or reaching financial independence, but her personal story of how she was trying to check-off life’s checklist only to realize, that checklist wasn’t making her happy and didn’t align with her values anyway.

I’m pretty sure most of us can identify with this. How many of us have been checking off things throughout our lives without really taking some time to think about whether what we’re doing or achieving is actually making us happy or bringing us fulfillment? I know I was doing that exact thing up until a year ago. I got my degree (check!), got married (check!), got a corporate job in Toronto’s financial district (check!), and by anyone’s standards was “making it.” But it didn’t feel like that to me, which is why I did a crazy thing and quit my job to work for myself.

That’s why I totally get Liz’s story in her book. I can relate to it on such a personal level. Heck, I even fantasize about moving to the country (in the Maritimes) with my husband in the next few years. Now, I’m not sure if that’ll actually happen, but I am definitely taking a page out of Liz’s book by trying to be more intentional with my life and also practicing sustainable frugality. To me, that means spending my money on stuff that brings value to my life, and not spending money on stuff that doesn’t. Also being strategic so I can maximize my dollars so there’s more money to save and invest for my future.

To me, this book was a great in-depth look into someone’s personal finance journey. I really loved this book, and I hope you do too!

Check Out Liz’s Top Blog Posts

Buy & Review Meet the Frugalwoods

For full episode show notes, visit https://jessicamoorhouse.com/149

Mar 07 2018

38mins

Play

014 Climbing Out of Debt by Living like a Frugalista - Catherine MacLean, Blogger at Plunged in Debt

Podcast cover
Read more

It's not easy being in debt while supporting a family. Catherine MacLean from Plunged in Debt and I talk about her debt repayment plan, her new frugal lifestyle and what tips and tricks she uses to cut back on spending to balance her budget.

Long episode description:

In this episode I talk to Catherine MacLean from the personal finance blog Plunged in Debt. From the name of her blog, you can guess what it’s focus is on. Catherine and her husband have a huge amount of debt to pay off, and it hasn’t been easy. On top of that they are a young family with a 3-year-old daughter to provide for. 

Fortunately, Catherine is one financially savvy lady and writes about all the different ways she’s found to cut back and save on the little things. If you’re in debt and need some motivation to stick to your budget and kick your debt to the curb, you definitely need to check out Catherine’s blog (and listen to our podcast episode).

In our conversation, Catherine and I mentioned a few of her most notable blog posts, so here they are below for you to check out. I’ve also given some shout outs to some iTunes reviewers, so check below to see if one of them is you!

Blog Posts Catherine Mentioned

Shownotes: jessicamoorhouse.com/14

Aug 19 2015

27mins

Play

144 The Year of Less - Cait Flanders, Author & Blogger

Podcast cover
Read more

How can a year of less change your life? Just listen to my episode with The Year of Less author Cait Flanders to learn how a shopping ban, getting rid of most of her belongings & being more mindful with her money helped her regain focus and control of her present and future.

Long description:

She was my first ever guest (excluding my husband) on the podcast when I launched it almost 3 years ago, and now my friend and blogger pal Cait Flanders is back to chat about what has happened since Episode 3 of the podcast.

Well, a lot! For starters, she’s a full on author now, having just published her first book The Year of Less. And she’s not just a first-time author, her book is a hit. As she mentions in the episode, it’s still hard to find a copy at most book stores because they ran out of copies, so if you do still want to buy a copy, check Amazon first.

When we sat down for Episode 3 of the show, Cait was just about to finish her one-year shopping ban. I still remember her sharing that she wasn’t sure what to do after it finished. She eventually decided to continue it for another year, and although now she’s no longer on a shopping ban, she’s integrated the lessons she learned into her daily life.

The biggest lessons being to be more mindful when it comes to spending. It’s okay to spend money, but it’s about being more intentional with our spending and making sure we are spending money in alignment with our values that’s important. And when you do that, you’ll find that you can stick to a budget, you aren’t overspending as often (or anymore), and you don’t worry as much about your money.

This is a big lesson I also took away from her book and something I’ve been actively trying to integrate into my own life.

In this episode we also dive into other stories she shares in the book beyond the shopping ban, such as addiction and indulgence. Cait is now sober, but she used to have a problem with drinking, something she eventually realized was something she would do to fill a void or overcome other struggles in her life. It’s something I can relate to in that I definitely turn to certain things, like food or wine or even spending, to either deal with stress, unhappiness or hardship.

If you haven’t already grabbed your copy of the book, I highly recommend. And like I mentioned in the episode, I’m not recommending it because Cait’s my friend, I’m recommending it because it’s really good! I literally whipped through it in a day (no lie!), and I can’t stop thinking about it or telling other friends about it.

Feb 14 2018

47mins

Play

165 Get Paid Your Worth: Negotiation Tips - Kathlyn Hart, Salary Negotiation Coach

Podcast cover
Read more

For my Season 6 finale episode, I chat with Kathlyn Hart, podcast host of The Big Leap Show and salary negotiation coach. We talk about earning what you deserve, practical ways to ask for a promotion and/or raise, and recognizing when it's time to jump ship for the chance at a higher salary with a different company.

As I mentioned in this episode, I'll be taking the next two months off for a much needed break, but I'll be back for Season 7 in September!

Long description:

It’s the Season 6 finale episode, but I’m ending things off with one hell of an inspiring and motivating episode! I chat with salary negotiation coach Kathlyn Hart about what to do (and not to do) to negotiate a higher salary so you can be paid your worth.

It’s actually pretty funny timing this episode because this time 2 years ago is when I asked my boss for a promotion and a raise. I thought I took all the right steps to level up my job and income, but little did I know I actually made a ton of mistakes. So many in fact that I ended up quitting that job.

Obviously, I don’t regret how things turned out. It gave me the push I needed to leave a job that wasn’t fulfilling to run my own business. And now, I’m a year and a half in to being an entrepreneur and I’m so thankful for it.

But, that being said, I sure wish I knew some of the tips and tactics Kathlyn shares in this episode when I was back working a 9 to 5. I wonder how things would have been different.

To sum up some of Kathlyn top tips, I’ve compiled them below in case you want to be brave and get paid better than you are now.

Salary Negotiation Beings in the Job Search

This was a big mistake I made early on. I always chose jobs and industries that were on the downturn or didn’t have any growth potential. Because of this, for most of my corporate life, I earned really low salaries and never got promotions or raises.

Well, what you’re supposed to do is pick a job and industry that are the opposite of that. As Kathlyn mentions, a project manager for a non-profit is going to be paid substantially less than a project manager for a Fortune 500 company. This is something you need to consider before applying for jobs, because it could be the difference of earning $50,000 or $150,000 per year.

Be Confident When Talking Salaries in Interviews

I always dreaded when the interviewer would ask me my salary expectations. Most of the time I was so desperate for the job, I always gave them my lowest possible number, and would always kick myself a few months later when I was in a role making less than I deserved.

Do not do this. Kathlyn has a strategy that focuses on your wish, your want and your walk. Those three numbers are your dream salary, the salary you’d be satisfied with, and the salary that would make you walk away from the job offer because it’s too low. Instead of starting with your lowest offer, ask for your dream salary. Of course, it’s important to back that number up with research, comparables from other jobs in similar sectors, and your skillset. But, if you present your ask with confidence and certainty, the interviewer will be more likely to see your value and want to lock you down for the job.

Be Okay with Walking Away

If you don’t feel like you’re earning enough at your current job, and you feel like you’ve done everything to bump up your salary but nothing’s working, it might be time to walk away. It’s no secret that the easiest way to increase your salary is by jumping ship to another company. Just make sure you’re prepared to ask for the salary you really want before accepting your next job offer.

Download Salary Negotiation Scripts

Download Kathlyn’s free scripts to practice with my texting earnmore to 44222

For full episode show notes, visit https://jessicamoorhouse.com/165

Jun 27 2018

47mins

Play

212 Money and Its Effect on Your Mental Health - Melanie Lockert, Author of Dear Debt & Founder of Lola Retreat

Podcast cover
Read more

Money and mental health, have you ever wondered if there is a connection? Because there absolutely is. And surprisingly, even though this is something I’ve known for a while, and even experienced in my personal life, I’ve never had anyone on the podcast to talk about it with me.

Luckily, I know people. Like Melanie Lockert, who was on episode 21 of the podcast all the way back in 2015. A lot has happened since we recorded that episode. She published a book called Dear Debt, moved from Portland to L.A., and founded a women’s financial literacy event called Lola Retreat. She’s also become very well known as not only a debt expert, but also a money and mental health advocate.

And that’s what we’re talking about on the show, hopefully to shed some light on a topic not many people are talking about. If you or someone you know is struggling with financial issues, mental health issues, or both, here are some resources we mentioned on the show that you may want to look into for help:

For full episode show notes visit https://jessicamoorhouse.com/212

Nov 06 2019

40mins

Play

172 How to Earn $10,000 Per Month as a Virtual Assistant - Kayla Sloan, Virtual Assistant Coach

Podcast cover
Read more

Want to earn 5-figures per month as a virtual assistant? No, this isn't a scam. This is the true story of how Kayla Sloan, a former personal finance blogger, started a side hustle as a virtual assistant that led her to earn $10,000/month. Now, she trains others how to become virtual assistants so they can earn extra money on top of their day jobs to reach their financial goals sooner.

Long description:

As a sort of companion episode to last week’s interview with Amanda Abella (sales coach & CEO of Make Money Your Honey), in which we talked in-depth about how to get over feeling guilty about earning money, this week I’m chatting with Kayla Sloan, a virtual assistant coach. And guess what, the topic of earning guilt pops up yet again. To be fair, I’m the one who brings it up. I’m pretty sure I recorded these episodes close together and it was something I was thinking about a lot.

In any case, I’m excited to share this episode with you because I really want to emphasize the message that earning money is good, not bad. Especially as women, who are still paid less for the same work as men, we need to stop the shame game and empower ourselves to reach our full financial potential!

Just take Kayla’s story for instance. She finished university, got a job, then realized she was always flirting with a $0 balance in her account. She had $8,000 in student debt and $10,000 in credit card debt, not to mention a $110,000 mortgage. She wanted to live a better life, but she didn’t have a business background or even felt like she deserved to earn more.

I think a lot of us who were raised in low to middle income families feel like this. We are taught to be smart, go to school, get a job at a company, and accept whatever salary we get (we should be so lucky we even have a job when so many people don’t!).

The thing is, we’re limited when we work for someone else. That’s why Kayla started blogging (she ran a blog called Shoeaholic No More), then started doing some freelance writing on the side to earn some extra money. She then started getting offers for virtual assistant work, and realized she had a talent for creating systems and project management.

After a year of basically juggling two full-time jobs, she was at a crossroads. She had to give either her day job or her virtual assistant side hustle up, or risk burning out completely. Looking at the numbers, she was earning just as much as a virtual assistant as she was at her full-time job. Believing that virtual assistant work was her calling, she took a big risk (since she was still in debt) and left her day job in 2015.

Since then, she’s actually stopped most of her virtual assistant work and runs her own business as a virtual assistant coach and instructor with her 10K VA online course. Now, she dedicates her days to training others how to become virtual assistants so they can earn extra money at home in their free time.

For full episode show notes, visit https://jessicamoorhouse.com/172

Oct 17 2018

41mins

Play

204 Your Investing Questions Answered - Jessica Moorhouse

Podcast cover
Read more

For my final episode of Season 8 of the Mo’ Money Podcast, I’ve got a solo episode for you, and it’s all about answering your investing questions. I get investing questions all the time at events I organize or speak at, via email or even through social media. So, since I just did my Level Up Your Moneyevent with Erin Lowry which included a Q&A (but wasn’t part of the recording we did), I thought I would do an episode focused solely on answering all your most pressing investing questions.

Now, as a disclaimer, nothing in this episode should be considered financial or investing advice. Heck, nothing on this website or any content I create should be considered advice. It is simple information, facts and opinion. And when it comes to investing specifically, it’s hard to even give a straight answer.

You may have noticed that in the panel discussion recording, and some attendees voiced their frustration. I totally get it, but unfortunately, there’s no such thing as one-size-fits-all investment advice or recommendations. We’re all at different stages in our lives, with different incomes, circumstances, goals and time horizons. It would be ridiculous to say “Do this and you’ll be fine.” And if someone does tell you that, remember, even if they are an investment advisor, that is their opinion on what they think you should do. Nothing is guaranteed when it comes to investing, and it’s not black and white.

Paying Down Debt. vs. Investing: Which One Should You Do First?

If you’ve got consumer debt (credit cards, line of credit, etc.), focus on paying that all off before investing because it’s unlikely you’ll be able to earn the same or higher interest on your investments that those debts are charging you. If you have student loans or other low-interest debt like a car loan or mortgage, I would say pay down debt and invest. The interest you’re paying is most likely below 5%, and 5% or higher is a very possible return you could make on your investments. Also, no matter what type of debt you have, make sure you have a fully funded Emergency Fund before you start investing.

How Do You Know When You’re Ready to Start Investing?

You’ve got to have that solid financial foundation first before you start investing. That means you have a budget, you’re tracking your spending and net worth regularly, you have a debt-repayment plan, you have a fully funded emergency fund, and have outlined all of your financial goals (short and long-term) first.

How Much Money Do You Need to Start Investing?

There’s no perfect number, but I say once you’ve got your financial foundation set, then work on saving up $1,000 as your initial contribution to your investment plan. I say $1,000 because most robo-advisors actually require that as a minimum initial contribution, and some discount brokerages have similar requirements.

Is Wealthsimple a Good Robo-Advisor?

I get this question a lot, and what I think the real question is is “What’s a good robo-advisor” or “What robo-advisor should I invest with?” Here’s the thing, I do personally like Wealthsimple. I invest with them and have for about 3 years and I like their platform, customer service, and have had an overall good experience with them. But I also invest with Justwealth, and similarly I have had an overall good experience with them too. Heck, I even invest with RBC InvestEase (though a very tiny portfolio with them since I mainly wanted to test them out since I worked with them on a campaign), and I actually really like their platform and customer service to.

The reason so many people think of Wealthsimple first is because they are one of the biggest robo-advisors in Canada, they were one of the first, and they also hands-down do the most marketing. And let’s be honest, their branding is amazing. It’s millennial-focused, it’s beautiful and as someone who used to work in marketing, they are doing everything right.

But, just because I choose to invest with Wealthsimple, or Justwealth, or RBC Investease, doesn’t mean you should. It’s not that easy. You need to do the work to see which one makes sense for you. You need to do your research on each company, the portfolios they offer, the fees they charge, the ease-of-use of their platforms, the quality of their customer service, to see which place makes the most sense to invest with. That’s what I did, and that’s what you as a responsible and smart investor need to do to.

Where to start is by checking out my recommendations page that includes the full list of robo-advisors in Canada, plus two comparison sites that can help you see the difference between all of them (Hardbacon and Autoinvest).

Real Estate Investing: What Do You Think?

The home you live in is not an investment. It’s part of your net worth, but I wouldn’t consider it a real estate investment because you are living in it. This may be a controversial take, but that’s just my point of you. If you own real estate and rent it out, then yes that would be considered an investment.

Now, if you are investing in real estate, you need to determine what portion of your overall investment portfolio is it? Typically, real estate is considered an “alternative investment”, because the traditional investment asset classes are cash, stocks and bonds. So, if real estate is an alternative, most investment experts suggest not to invest more than 5-10% of your portfolio in alternatives.

All I want to really say is that if you choose to invest in real estate, don’t just invest in real estate. Invest in those traditional asset classes, invest in the stock market, make sure your portfolio is diversified. In other words, never put all of your eggs in one basket.

If I Have a Work Pension, Do I Still Need to Invest on My Own for Retirement?

Short answer, of course you do. Even though you have a pension, most likely it won’t be enough, in addition to getting your CPP and OAS payments, to cover your retirement income. To learn more about pensions, I highly suggest listening to episode 180 since it goes in-depth about retirement planning and pensions.

How Much Do I Need to Save Up for Retirement?

One million? Two million? Most people just want a straight up answer but it’s not as simple as that. First, you need to define what your retirement looks like, and then determine how much that will cost in today’s dollars on an annual basis. Then figure out how long you’ll most likely live in retirement. Then make the calculations that include an average inflation rate. Bam, you’ll get a number. The calculation itself is fairly simple, however that doesn’t mean that’s the exact amount of money you’ll need because it’s difficult to predict the future and your future needs. That’s why you need to constantly look at your financial plan and retirement plan every year and adjust when appropriate. I’d also like to recommend to amazing books on retirement income planning:

Should I Participate in My Employer’s RRSP Program?

If they match dollar-for-dollar to your contributions then yes. Even if they have you invested in high-fee actively-managed mutual funds, it’s still worth it because it’s free money from your employer.

I Want to Start DIY Investing, How Do I Build My Portfolio?

Quick answer, you can either look at model portfolios other investors or bloggers share (but please do your due diligence first), you can build your own by finding ETFs that match the benchmarks you want to replicate, or you can take a look at the portfolios offered by robo-advisors and just replicate their portfolios yourself.

How Are My Investments Protected?

Your investments aren’t protected through CDIC or when there are ups and downs in the market, but if you’re more concerned about your robo-advisor, investment firm or discount brokerage become insolvent and you losing your investments, you are protected under the Canadian Investor Protection Fund (CIPF).

What’s the Difference Between Index Funds & Index-Based ETFs?

I share way more about this in my investing course, but basically they are two different investment products. Index funds are a type of mutual funds that track the broad market index, and index-based ETFs are more similar to a stock but they also track the movements of the broad market index. So they are similar, but not the same. Also ETFs are typically cheaper.

Should I Invest the Money I’m Saving for a Down-Payment on a House?

In general, no. You should keep it liquid in cash if you plan on buying a place in the near future (so stash it in a high-interest savings account). But, if you do want to invest, invest in something conservative like GICs or a balanced portfolio with a good portion invested in fixed income.

For full episode show notes visit https://jessicamoorhouse.com/204

Jun 06 2019

47mins

Play

163 How to Achieve FIRE in Your 20s - Gwen Merz, Blogger at Fiery Millennials & Co-host of FIRE Drill Podcast

Podcast cover
Read more

For this episode, I talk with Gwen Merz, the blogger behind Fiery Millennials and the co-host of FIRE Drill Podcast. As you may have guessed, we go in-depth about FIRE, chat about Gwen achieving financial independence in her 20s, and some terms you may not have her of from the FIRE community.

Long description:

For this episode of the podcast, I chat with a new friend I made recently at an event called Statement. It was a women in business retreat for women in the financial blogging space, and I can’t even tell you how life changing it’s been. But that’s not what I want to share anyway. I want to share that at this event, I got to meet the amazing Gwen Merz who was able to achieve something not many 20-year-olds can! I’m talking about achieving financial independence. 

We chat in-depth about what that actually means, and no, it doesn’t mean she’s retired. For her, it means she saved up enough money to afford to leave her corporate job, move cities and then focus on her blog (Fiery Millennials) and podcast (FIRE Drill Podcast) full-time. It also means she saved up enough money that by retirement age, it will have grown to an amount she could easily retire on. 

So I know I’ve had a lot of guests on the show in the FIRE community that have been able to achieve financial independence and retire early, but Gwen’s story might actually be a bit related. She didn’t save up a million dollars and is now living an easy life. She was able to save up $200,000, bought an income property for about $80,000, but still intends to work to earn a living.

She’s set things up so in the future she will earn passive income from your property and her $200,000 will have compounded into a way bigger amount she can live off of in retirement. But, she still needs to earn money for her present needs. Which is why now she’s exploring some different entrepreneurial avenues such as making stained glass art and selling it, selling courses on how to start an Etsy store, and monetizing her popular blog and podcast.

You see, FIRE isn’t a straight road. You can actually apply the principles in any way you want. There’s no right or wrong way to FIRE! 

Here are a couple other things we talked about when talking FIRE. 

Lean FIRE vs. Fat FIRE

These are terms I recently learned about when I was actually at a FIRE meetup in New York City last month. Lean FIRE is when you’ve saved up enough to live on for the foreseeable future, but you’d be living a fairly frugal life. You’re living in a low cost of living area, your expenses are minimal, and you don’t need that much to live off of. It’s sounds fine if you’re more of a minimalist, but obviously it’s a bit restricting

Fat FIRE is when you’ve saved up enough to live the life you really want with little to no restrictions. For instance, I met a woman at the meetup who was on her way to achieving Fat FIRE and she told me her goal was to save up $7 million. Albeit, she wanted to continue living in New York and travel a lot, but it’s a big difference when compared to Lean FIRE.

Why the FIRE Community is Exploding 

My only comparison to the FIRE community is the debt-payoff community. Two communities that are massive and members are diehards for. With FIRE, to me at least, it’s a bit more exciting. The end goal is to have enough money to live whatever life you want. And that’s exactly why Gwen also thinks the FIRE community is exploding right now. It gives people purpose with their money. Instead of just being responsible with your money so you can eventually afford to buy that car, that house or some trips in the future, it’s way more exciting to save up for early retirement or the freedom to quit your job to start your own business!

That’s sort of why I consider myself a bit financially independent. I don’t have enough to retire on or anything like that, but I did have the financial security to be able to leave my job to focus all my energy on my own business. 

FIRE Resources You May Want to Check Out

  • Mr. Money Mustache
  • The Simple Path to Wealth by JL Collins
  • Mad Fientist
  • Your Money or Your Life by Vicki Robin

For full episode show notes, visit https://jessicamoorhouse.com/163

Jun 13 2018

40mins

Play

004 Travelling on an Extreme Budget - Stephanie Williams, Blogger at Borderline Crazy Blog

Podcast cover
Read more

I interview Borderline Crazy travel blogger and non-profit general manager Stephanie Williams about how she can afford to travel (and not work) for half the year, every year.

Long episode description:

As I mentioned in the show notes for episode 3 with Cait Flanders, when I was in Vancouver back in March to visit my family, I took the opportunity to do a few podcast interviews while I was there. Luckily, my good friend Stephanie Williams — who is not a personal finance blogger but rather an uber frugal traveller — so graciously agreed to be on my podcast when I was in town. So, off I went with my backpack full of equipment in tow and we recorded this episode in her apartment in Kitsilano (probably my favourite Vancouver neighbourhood fyi). When I started making a list of people I wanted to interview for my podcast, I knew I needed to have Stephanie on it because her story is seriously amazing.

Now, me and Stephanie go way back. All the way back to our university days (she was even instrumental in me getting together with my now husband!). While I was studying film and dreaming of becoming an Oscar-winning director, she was studying geography and making plans to travel Europe after she finished her degree. And she did. She travelled around Europe, and of course got bit by the travel bug big time. Ever since, she’s done these major backpacking trips every year. Seriously, you name the country and she’s probably been there — twice.

You may be wondering if she’s an heiress or something, because how could anyone afford to take off half the year every year to travel? No, she’s no heiress (that I know of?), so you’ll just have to listen to the episode to find out how she does it.

We mentioned a few links on the show that you may want to check out, and I’m also going to include some links to the blog series I did when I was travelling around Thailand which I mentioned a few times on the show as well.

Stephanie’s travel blog & non-profit work

Blog posts I mentioned

Travel blog series

Shownotes: jessicamoorhouse.com/4

Jun 10 2015

32mins

Play

219 How to Tackle Debt & Better Understand Credit - Millennial Money Meetup #6 Live Recording

Podcast cover
Read more

For my 6th Millennial Money Meetup that took place on Nov. 19, 2019, in Toronto, I was able to once again celebrate and promote Financial Literacy Month in Canada thanks to the help of event sponsor Capital One.

For this meetup, I was joined by a panel of financial experts: money expert and financial journalist Rubina Ahmed-Haq, credit expert and author of The Credit Game Richard Moxley, and Patrick Ens, Head of Customer Acquisitions at Capital One. The theme for this event will be debt & credit, something we’ve all struggled with (or still are) and can learn more about.

For full episode show notes visit https://jessicamoorhouse.com/219

Dec 05 2019

46mins

Play

218 The Link Between Behaviour & Investing - Dr. Daniel Crosby, Author, Psychologist & Behavioural Finance Expert

Podcast cover
Read more

Learning how to invest isn’t just figuring out the difference between stocks and bonds, choosing between being a passive or active investor, or deciding to hire an investment professional, going with a robo-advisor or doing DIY investing. Investing is so much more than that. Why? Because we’re humans, not robots or computers.

Emotions and behaviour dictate so much about why the stock market goes up and down and what decisions we end of making. Which is why I’ve got Dr. Daniel Crosby on the show who recently authored the book The Behavioral Investor.

In this episode we talk about what the 4 behavioural risks that crush your investment returns:

  1. Ego – We believe we are special and succumb to confirmation bias.
  2. Conversativsm – We like to stick to things we know and thus tend to hold on to losing positions.
  3. Attention – We pay too much attention stories put out by the media or our personal networks, and not enough to stats and simple math.
  4. Emotion – We tend to let our emotions control our decisions and ignore logic.

We also discuss some helpful ways to combat these behaviours:

  1. Ego – Diversify, don’t fall into the trap of investing too much of your portfolio into your home country.
  2. Conservatism – Create a rule-based system for investing and stick to it.
  3. Attention – Stop listening to the noise and get focused. Sometimes the simplest solution is also the best solution.
  4. Emotion – Meditate and stop and think. Also having a barrier such as using dollar-cost averaging, automated contributions and working with an advisor could help so you don’t have too easy access to your money.

There are many more gems in his book so make sure to buy a copy. Also, visit jessicamoorhouse.com/contests to enter to win a copy of his book too.

For full episode show notes visit https://jessicamoorhouse.com/218

Dec 04 2019

40mins

Play

217 What to Know About Health Care & Insurance - Camille Stewart, Vice President of Strategy and Digital Experience at Manulife

Podcast cover
Read more

There’s a lot of information out there about health care in the U.S., but what about Canada? Is it actually free? What isn’t covered by our government? And does it make sense to get private health insurance?

I sit down with Camille Stewart, Vice President of Strategy and Digital Experience at Manulife Canada, to discuss all of this and more. Camille became interested in working in insurance because of a personal family experience that she shares in this episode. Ever since then, she’s felt a deep passion for educating others about how to properly protect themselves in terms of their health.

For more helpful resources on health care in Canada and health insurance in Canada, check out the show notes for this episode.

Visit jessicamoorhouse.com/contests to enter to win a copy of one of the books featured on this season of the podcast!

For full episode show notes visit https://jessicamoorhouse.com/217

Nov 28 2019

30mins

Play

216 Understanding Financial Abuse - Jana Lynch, Financial Abuse Awareness Advocate

Podcast cover
Read more

I’ve been following Jana Lynch for years ever since she was a fellow personal finance blogger (now she is an editor at DollarSprout). And although we’ve crossed paths a number of times at previous FinCons, this year we finally got to spend some time together and I couldn’t help but feel inspired by her knowledge and passion for educating others about financial abuse. I knew I needed to have her on the show to share what she knew because for whatever reason in my 200+ podcast episodes, not once have I interviewed anyone about the very important topic of financial abuse.

But what is financial abuse exactly? According to the Canadian Bankers Association, “Financial abuse occurs when someone tries to take or control what belongs to you for their own benefit, not yours.” Or, as per VeryWellMind, “Financial abuse involves controlling a victim’s ability to acquire, use, and maintain financial resources.” In other words, financial abuse may be hard to see from the outside but it can be just as dangerous and damaging as physical or verbal abuse.

I’m going to share some articles and resources in the show notes for after you’ve listened to this episode. If you or someone you know is experiencing financial abuse, just know that there is help and don’t be afraid to seek it.

Visit jessicamoorhouse.com/contests to enter to win a copy of one of the books featured on this season of the podcast!

For full episode show notes visit https://jessicamoorhouse.com/216

Nov 27 2019

42mins

Play

215 How to Master Your Money - Sandy Yong, Author of The Money Master

Podcast cover
Read more

I met Sandy Yong, author of the soon-to-be-released book The Money Master: Inside Secrets On How to Make Your Money Grow and Stay Safe, about a year ago at the 2018 Canadian Personal Finance Conference. She told me she was working on a book and I soon found out we had very similar personal finance journeys.

Having been brought up in a very frugal family, and having finished her business degree during the Great Recession, Sandy worked hard to pay off her student loan and make her way in the corporate world. She soon realized that being frugal was only one part of mastering your money. You also needed to set financial goals, invest wisely and have a clear action plan for all your hard-earned money.

That’s what led her to discover personal finance books which eventually inspired her to write her own book to reflect her journey and key things young Canadians should know about managing their money better.

In this interview, we touch on what some of those key things are, such as the benefits to passive investing instead of investing in high-fee actively-managed mutual funds, while also discussing some new players in the finance world like investing in the cannabis industry, cryptocurrency and robo-advisors.

Her book isn’t out yet, but you can pre-order your copy today. I’m also going to be giving away copies of her book when it’s out, so make sure to enter to win in my massive book giveaway!

Visit jessicamoorhouse.com/contests to enter to win a copy of his book!

For full episode show notes visit https://jessicamoorhouse.com/215

Nov 20 2019

44mins

Play

214 How to Be Smart with Credit - Jay Acharya, Vice President of Card Partnerships & Customer Management at Capital One

Podcast cover
Read more

This week is Credit Education Week, which is why I don’t just have one, but I’ve got two podcast episodes to share with you! Yesterday, I had Richard Moxley on the show to talk about how to win the credit game (or how to understand and be good at managing credit). For today’s episode, I’m talking to Jay Acharya, Vice President of Card Partnerships and Customer Management at Capital One, because Capital One is the sponsor of Credit Education Week, as well as my upcoming Millennial Money Meetup next week!

Every year, there’s a different theme for Credit Education Week. Last year, as you may remember, I had Patrick Ens from Capital One to talk about the theme last year-money mindfulness. This year the theme is #MyMoneyVision, which just means on top of being mindful with your money, it’s important to have a vision for your money.

Just like with anything in life, we won’t change any of our habits without a good reason for doing so. We won’t just start working out because we know we should for our health. We need a clear goal to work towards. I give presentations all the time about how to manage your money better, but I always try to emphasize that nothing I share about how to make a budget or how to pay off your debt will mean anything to you unless you set some strong financial goals.

So I hope you take this opportunity during Credit Education Week to learn more about responsible credit use and to set some financial goals. It’s never to late and you don’t have to wait until the start of the next year. The best time to set a new goal is as soon as possible.

Join the Conversation

To see what other people are talking about for Credit Education Week, follow the hashtags #MyMoneyVision and #CEWC2019

Learn More About Credit Education Week

To learn more about Credit Education Week, visit CEWC.ca and CreditCanada.com.

To Check Your Credit Score for Free

To check your TransUnion credit score for free through Capital One, visit their Credit Keeper page.

Learn More About Capital One’s Cards

As mentioned on the show, if you’re trying to improve your credit score but can’t get approved for a credit card, one route you can take is to get a guaranteed or secured credit card like Jay mentioned. You can take a look at Capital One’s various credit cards here.

For full episode show notes visit https://jessicamoorhouse.com/214

Nov 14 2019

31mins

Play

213 How to Play the Credit Game - Richard Moxley, Credit Expert & Author of The Credit Game

Podcast cover
Read more

I think we can all agree, the world of credit and credit scores can sometimes feel like a bit of a mystery. That’s why I’ve got credit expert and author of The Credit Game Richard Moxley on the show to finally make sense of things for all of us.

Now, part of the reason there’s a lot of mystery in the credit industry is because the two credit bureaus in Canada, Equifax and TransUnion, aren’t completely transparent and like to keep private a lot of information surrounding how they score consumers when it comes to credit.

Luckily, Richard has taken it upon himself to try to find out some of their hidden secrets and test things out so he can help consumers like you and me, and of course share everything he knows in his latest book The Credit Game.

For full episode show notes, visit https://jessicamoorhouse.com/213

Nov 13 2019

49mins

Play

212 Money and Its Effect on Your Mental Health - Melanie Lockert, Author of Dear Debt & Founder of Lola Retreat

Podcast cover
Read more

Money and mental health, have you ever wondered if there is a connection? Because there absolutely is. And surprisingly, even though this is something I’ve known for a while, and even experienced in my personal life, I’ve never had anyone on the podcast to talk about it with me.

Luckily, I know people. Like Melanie Lockert, who was on episode 21 of the podcast all the way back in 2015. A lot has happened since we recorded that episode. She published a book called Dear Debt, moved from Portland to L.A., and founded a women’s financial literacy event called Lola Retreat. She’s also become very well known as not only a debt expert, but also a money and mental health advocate.

And that’s what we’re talking about on the show, hopefully to shed some light on a topic not many people are talking about. If you or someone you know is struggling with financial issues, mental health issues, or both, here are some resources we mentioned on the show that you may want to look into for help:

For full episode show notes visit https://jessicamoorhouse.com/212

Nov 06 2019

40mins

Play

211 The New Rules of Couponing - Joanie Demer, Co-Founder of The Krazy Coupon Lady

Podcast cover
Read more

Is couponing still as easy to save money doing as it used to be when people would go shopping with their big coupon binders à la Extreme Couponing? Yup, and honestly couponing is so much easier now than it used to be. That’s what Joanie Demer, co-founder of The Krazy Coupon Lady, explains in this episode of the Mo’ Money Podcast. Because so much has changed in the couponing world, if you really want to save on everyday purchases, you’ve got to learn about the new rules (and chuck out the old ones).

Since we’re now living in a very digital world, that’s where you’d start. Sure, you can still get paper coupons and get some savings, but the time and effort may not be worth it. Instead, using apps and browser extensions at check out may be a better way to save money because, well, they take no time and little effort on your part.

As mentioned in this episode, here are some ways to get started saving money through coupons and promo codes online:

Visit jessicamoorhouse.com/contests to enter to win a copy of a book featured on Season 9 of the podcast!

For full episode show notes visit https://jessicamoorhouse.com/211

Oct 30 2019

42mins

Play

210 How to Become a Master Networker - AJ Harbinger, CEO & Co-Founder at The Art of Charm

Podcast cover
Read more

You may not know this about me, but I’m actually a huge introvert that used to be terrible at networking, or heck, even making new friends! I would get anxious, nervous and would never know how to start or end a conversation. But, I knew that networking and being a good conversationalist was a key component to advancing in life. Your network is your net worth as AJ Harbinger says, and since he’s the CEO and co-founder of The Art of Charm…he would know!

In this episode, we dive deep into what we all should know about having the right social skills to help us advance in our social lives, relationships and of course career. I know for a fact that because I started practicing and just putting an effort into socializing more, that’s why I’ve now got a fairly large network of friends, acquaintances and work-related connections all over the world.

If you know this is something that’s been holding you back from reaching your full potential, luckily this is a learned skill that anyone can master, and you can start today by listening to this episode and then binging The Art of Charm podcast as well.

Visit jessicamoorhouse.com/contests to enter to win a copy of a book featured on Season 9 of the podcast!

In-Person Bootcamps

AJ mentioned on the show that he hosts personal bootcamps all over the world to help people level-up their social and networking skills. If this sounds up your alley, learn more at: https://theartofcharm.com/personal-bootcamp-2

Take the Social Skills Challenge

Join over 50,000 others to learn how to make a great first impression, easily make new friends, and feel confident in any social situation! Sign up to take The Art of Charm’s fee 10-day social skills challenge.

Learn more at: https://challenge.theartofcharm.com/begin

For full episode show notes, visit: https://jessicamoorhouse.com/210

Oct 23 2019

34mins

Play

209 What You Should Know About Self-Directed Investing - Bruno Sandre, Associate Vice President - Client Education at TD Direct Investing

Podcast cover
Read more

Happy Investor Education Month! You may not have that’s what October is…but it is! And that’s why I am currently doing a 5-part video series on my YouTube channel as well as doing a bonus episode for the podcast. For this episode, I’m interviewing Bruno Sandre, Associate Vice President of Client Education at TD Direct Investing.

As you can guess from his title, his role is all about improving the financial literacy of TD Direct Investing clients. He doesn’t sell any products, and actually TD Direct Investing can’t try to sway you to do anything when it comes to your investments because they are a discount brokerage. All a discount brokerage can do is provide the tools and platform you need to invest on your own. That being said, they can still provide free and unbiased education to clients, which they do in their Learning Centre which houses a bunch of video courses, masterclasses and webinars.

So, since Bruno knows quite a bit about educating people about investing, I wanted to have him on the show to do a deep dive on the topic of DIY investing, also known as self-directed investing.

Below are some links to videos, blog posts and the webinar that we mentioned in the episode.

For full episode show notes visit https://jessicamoorhouse.com/209

Oct 17 2019

41mins

Play

208 Victory Lap Retirement, A New Path to Financial Independence - Mike Drak, Author of Victory Lap Retirement

Podcast cover
Read more

I read a lot of personal finance books. I also read a lot of niche books on retirement planning. And I’ve gotta say, most of them are so dry it takes me months to finish them. Not Victory Lap Retirement by Mike Drak though. I was given this book (the 1st edition) by Mike’s co-author Jonathan Chevreau at the Canadian Personal Finance Conference a few years ago, and even though it took me until last winter to finally read it…I loved it! I’d say the only other book that I whipped through in record time was Andrew Hallam’s Millionaire Teacher. So, once I finished reading it, on top of telling everyone I know to read it, I made a plan to get Mike on the show. And here is that episode!

Mike Drak is a 38-year veteran of the financial services industry, so when he started his victory lap in 2014, he felt compelled to write a book about what he knew on the subject. That and he found that all the retirement books out there only talked about saving up enough for retirement, not what life in retirement actually meant. Something to get excited about too, his second book titled Retirement – Heaven or Hell? is coming out in 2020.

Now, what I love most about Mike’s concept of victory lap retirement is that it’s a way to stop thinking of retirement as an end to something. I honestly dread the idea of retirement. It means you’re done with your career and are basically in the last phase of your life. I know many people think of retirement as one big vacation and what’s not to love about that, but for me it always fills me with dread and panic. I don’t want to just hang out with nothing to do and just watch the clock tick. I love working! I love having a purpose! I don’t want to retire!

Mike agrees. We need to stop this idea of full-stop retirement and think of “retirement” as point in your life in which you’ve reached financial independence (you have enough money or assets to live on without working again) so you can do whatever you want with very little risk taken. It’s when you can start a second career, or just devote your time how you want, not how you have to because you need to earn money.

For me, the concept of victory lap retirement fills me with hope, not dread. So if you ever feel a bit panicked when you start thinking about retirement, read this book (and obviously listen to this episode!).

Visit jessicamoorhouse.com/contests to enter to win a copy of her book!

For full episode show notes visit https://jessicamoorhouse.com/208

Oct 16 2019

49mins

Play

207 Women, Money & Healthcare - Jean Chatzky, Author, Money Expert & Founder of HerMoney

Podcast cover
Read more

I’m so excited to have the one-and-only Jean Chatzky on the show to talk about women, money and healthcare in the United States. In case you aren’t in the loop, Jean Chatzky is the founder of Her Money Media, an organization that strives to promote financial literacy amongst women.

She is also an award-winning editor of NBC Today, and has appears on shows like Oprah, MSNBC, CNN, The View, The Talk just to name a few. She also has her own podcast called HerMoney with Jean Chatzky which has received shout outs from The New York Times, Yahoo Finance and Refinery29.

If that wasn’t enough, she is also the best-selling author of 11 books, including her latest book (that I’m doing a book giveaway for) called Women with Money: The Judgement-Free Guide to Creating the Joyful, Less Stressed, Purposeful (and Yes, Rich) Life You Deserve.

As you may expect, Jean and I chat about women and money in this episode, since that is a big focus in her writing and her podcast. We also discuss one very important topic that as a Canadian I find fascinating, healthcare in the U.S. I hear it pretty much every time I speak to one of my friends in the U.S.: healthcare costs can be very expensive in America! The system works very differently than in Canada, and although there is always talk about reform, if you’re American you need to figure how to navigate the system as it stands today. That’s why Jean is also an ambassador for HAS Awareness Day.

We talk extensively about health savings accounts, something I’ll be honest I’ve never heard of. In Canada, there’s a thing called health spending accounts, but they are offered by companies or you can set one up if you are a business owner. In other words, they work very differently. We go fairly in-depth about HSAs in this episode, but since there’s quite a bit to know and they are a relatively new type of account, feel free to learn more at HSADay.com.

Visit jessicamoorhouse.com/contests to enter to win a copy of her book!

For full episode show notes visit https://jessicamoorhouse.com/207

Oct 09 2019

39mins

Play

206 How to Talk to Your Parents About Money - Cameron Huddleston, Author of Mom & Dad, We Need to Talk

Podcast cover
Read more

This episode is a must a listen because it’s about something we all need to think about. I’m talking about having that important yet awkward conversation with our parents about their financial situation. As we get older, it’s only natural for us to think about the future, and the future of our parents. Although they worry about us as their children, we also worry about them and want to make sure they’ve got everything organized and prepared too.

But, we’re still their children, so it’s a weird path to navigate. We want to respect them, but we also want to protect them. Which is why I’ve got Cameron Huddleston on the show to share her insight into this topic.

She is an award-winning journalist with more than 17 years of experience writing about personal finance and she also recently wrote the book Mom & Dad, We Need to Talk about this very subject. As she explains in our interview together, she had a personal experience with her mother that inspired her to write this book. Now, I hope her story inspires you…plus I’m also giving away a copy of her book!

Visit https://jessicamoorhouse.com/contests to enter to win a copy of her book!

For full episode show notes visit https://jessicamoorhouse.com/206

Oct 02 2019

43mins

Play

205 Who Can You Trust? Financial Designations Explained - Matthew Siwiec, Founder of Friendly Financial Coach & CFP Candidate

Podcast cover
Read more

I'm back! After taking some time off this summer, I am so excited to be back with Season 9 of the Mo' Money Podcast! With 4 years under my belt, I can't believe how much this podcast has evolved...and grown. Over the summer I crossed the 1 million download threshold, and currently I'm at 1.1 million total downloads! That's a ton of amazing people like you listening to the show, how crazy is that!?

To kick off season 9 of the podcast, I thought this would be the perfect episode. One thing I hear often from listeners is "I want to work with a financial planner, but who can I trust or how can I find a good one?" If you've listened to several episodes of my show, I am not a fan of going to the bank and working with their advisors because they ARE NOT giving you unbiased advice. They work for the bank, and no matter how they are compensated (salary, commission, both), they are incentivized to sell their bank's financial products first, and advice second.

That's why I'm such a big fan of fee-only financial planners. Although you do have to pay money upfront to work with them, and sometimes they can be expensive, they are UNBIASED because they do not work for a financial institution. They are being paid to advise you, and they shouldn't be pushing any particular financial products on you, nor should they be able to sell you anything besides their services.

So, I knew the perfect guest for this episode, my friend Matthew Siwiec, founder of the Friendly Financial Coach. He just finished his CFP exam (which is no easy feat) but has been in the financial advisory industry for over a decade and now works as a fee-only financial planner.

More Info About Financial Designations in Canada Info About Becoming a Financial Planner Info About Becoming a Financial Counsellor Follow Matthew Siwiec

For for full episode show notes visit https://jessicamoorhouse.com/205

Sep 25 2019

49mins

Play

204 Your Investing Questions Answered - Jessica Moorhouse

Podcast cover
Read more

For my final episode of Season 8 of the Mo’ Money Podcast, I’ve got a solo episode for you, and it’s all about answering your investing questions. I get investing questions all the time at events I organize or speak at, via email or even through social media. So, since I just did my Level Up Your Moneyevent with Erin Lowry which included a Q&A (but wasn’t part of the recording we did), I thought I would do an episode focused solely on answering all your most pressing investing questions.

Now, as a disclaimer, nothing in this episode should be considered financial or investing advice. Heck, nothing on this website or any content I create should be considered advice. It is simple information, facts and opinion. And when it comes to investing specifically, it’s hard to even give a straight answer.

You may have noticed that in the panel discussion recording, and some attendees voiced their frustration. I totally get it, but unfortunately, there’s no such thing as one-size-fits-all investment advice or recommendations. We’re all at different stages in our lives, with different incomes, circumstances, goals and time horizons. It would be ridiculous to say “Do this and you’ll be fine.” And if someone does tell you that, remember, even if they are an investment advisor, that is their opinion on what they think you should do. Nothing is guaranteed when it comes to investing, and it’s not black and white.

Paying Down Debt. vs. Investing: Which One Should You Do First?

If you’ve got consumer debt (credit cards, line of credit, etc.), focus on paying that all off before investing because it’s unlikely you’ll be able to earn the same or higher interest on your investments that those debts are charging you. If you have student loans or other low-interest debt like a car loan or mortgage, I would say pay down debt and invest. The interest you’re paying is most likely below 5%, and 5% or higher is a very possible return you could make on your investments. Also, no matter what type of debt you have, make sure you have a fully funded Emergency Fund before you start investing.

How Do You Know When You’re Ready to Start Investing?

You’ve got to have that solid financial foundation first before you start investing. That means you have a budget, you’re tracking your spending and net worth regularly, you have a debt-repayment plan, you have a fully funded emergency fund, and have outlined all of your financial goals (short and long-term) first.

How Much Money Do You Need to Start Investing?

There’s no perfect number, but I say once you’ve got your financial foundation set, then work on saving up $1,000 as your initial contribution to your investment plan. I say $1,000 because most robo-advisors actually require that as a minimum initial contribution, and some discount brokerages have similar requirements.

Is Wealthsimple a Good Robo-Advisor?

I get this question a lot, and what I think the real question is is “What’s a good robo-advisor” or “What robo-advisor should I invest with?” Here’s the thing, I do personally like Wealthsimple. I invest with them and have for about 3 years and I like their platform, customer service, and have had an overall good experience with them. But I also invest with Justwealth, and similarly I have had an overall good experience with them too. Heck, I even invest with RBC InvestEase (though a very tiny portfolio with them since I mainly wanted to test them out since I worked with them on a campaign), and I actually really like their platform and customer service to.

The reason so many people think of Wealthsimple first is because they are one of the biggest robo-advisors in Canada, they were one of the first, and they also hands-down do the most marketing. And let’s be honest, their branding is amazing. It’s millennial-focused, it’s beautiful and as someone who used to work in marketing, they are doing everything right.

But, just because I choose to invest with Wealthsimple, or Justwealth, or RBC Investease, doesn’t mean you should. It’s not that easy. You need to do the work to see which one makes sense for you. You need to do your research on each company, the portfolios they offer, the fees they charge, the ease-of-use of their platforms, the quality of their customer service, to see which place makes the most sense to invest with. That’s what I did, and that’s what you as a responsible and smart investor need to do to.

Where to start is by checking out my recommendations page that includes the full list of robo-advisors in Canada, plus two comparison sites that can help you see the difference between all of them (Hardbacon and Autoinvest).

Real Estate Investing: What Do You Think?

The home you live in is not an investment. It’s part of your net worth, but I wouldn’t consider it a real estate investment because you are living in it. This may be a controversial take, but that’s just my point of you. If you own real estate and rent it out, then yes that would be considered an investment.

Now, if you are investing in real estate, you need to determine what portion of your overall investment portfolio is it? Typically, real estate is considered an “alternative investment”, because the traditional investment asset classes are cash, stocks and bonds. So, if real estate is an alternative, most investment experts suggest not to invest more than 5-10% of your portfolio in alternatives.

All I want to really say is that if you choose to invest in real estate, don’t just invest in real estate. Invest in those traditional asset classes, invest in the stock market, make sure your portfolio is diversified. In other words, never put all of your eggs in one basket.

If I Have a Work Pension, Do I Still Need to Invest on My Own for Retirement?

Short answer, of course you do. Even though you have a pension, most likely it won’t be enough, in addition to getting your CPP and OAS payments, to cover your retirement income. To learn more about pensions, I highly suggest listening to episode 180 since it goes in-depth about retirement planning and pensions.

How Much Do I Need to Save Up for Retirement?

One million? Two million? Most people just want a straight up answer but it’s not as simple as that. First, you need to define what your retirement looks like, and then determine how much that will cost in today’s dollars on an annual basis. Then figure out how long you’ll most likely live in retirement. Then make the calculations that include an average inflation rate. Bam, you’ll get a number. The calculation itself is fairly simple, however that doesn’t mean that’s the exact amount of money you’ll need because it’s difficult to predict the future and your future needs. That’s why you need to constantly look at your financial plan and retirement plan every year and adjust when appropriate. I’d also like to recommend to amazing books on retirement income planning:

Should I Participate in My Employer’s RRSP Program?

If they match dollar-for-dollar to your contributions then yes. Even if they have you invested in high-fee actively-managed mutual funds, it’s still worth it because it’s free money from your employer.

I Want to Start DIY Investing, How Do I Build My Portfolio?

Quick answer, you can either look at model portfolios other investors or bloggers share (but please do your due diligence first), you can build your own by finding ETFs that match the benchmarks you want to replicate, or you can take a look at the portfolios offered by robo-advisors and just replicate their portfolios yourself.

How Are My Investments Protected?

Your investments aren’t protected through CDIC or when there are ups and downs in the market, but if you’re more concerned about your robo-advisor, investment firm or discount brokerage become insolvent and you losing your investments, you are protected under the Canadian Investor Protection Fund (CIPF).

What’s the Difference Between Index Funds & Index-Based ETFs?

I share way more about this in my investing course, but basically they are two different investment products. Index funds are a type of mutual funds that track the broad market index, and index-based ETFs are more similar to a stock but they also track the movements of the broad market index. So they are similar, but not the same. Also ETFs are typically cheaper.

Should I Invest the Money I’m Saving for a Down-Payment on a House?

In general, no. You should keep it liquid in cash if you plan on buying a place in the near future (so stash it in a high-interest savings account). But, if you do want to invest, invest in something conservative like GICs or a balanced portfolio with a good portion invested in fixed income.

For full episode show notes visit https://jessicamoorhouse.com/204

Jun 06 2019

47mins

Play

203 Solutions for Your Student Debt - David Carlson, Author & Founder of Young Adult Money

Podcast cover
Read more

For the last interview episode of Season 8, I talk with David Carlson, the founder of Young Adult Money, and the author of Student Debt Solutions. And his book and student debt (and finding solutions to paying it down) are exactly what we chat about in this interview.

This is pretty timely too since many students are graduating university with student debt and don’t know where to start in paying it back. If you are a student and are in this situation, just remember you are not alone. So many other new post-grads are in the same exact situation, but that doesn’t mean you shouldn’t take them seriously. The sooner you start paying them back, the sooner you’ll be debt free and can allocate that money towards something much more fun like traveling, buying a home or investing.

If you know of a new post-grad freaking out because they’ve got a five or six figure student debt burden looming over them, share this episode with them!

Where to Start with Student Debt

Student debt is the ultimate obstacle to overcome, but it’s not as easy as just saying “Make more money and you’ll pay it off quicker.” Like David did, earning more money is of course a good solution. He started a side hustle on top of his day job which helped him pay off his student loans quicker. But that’s not the only thing you need to do. You need to make a financial plan starting with crafting a budget and saving up for an emergency fund. The emergency fund is crucial as it will help prevent you from getting into more debt.

For full episode show notes visit https://jessicamoorhouse.com/203

Jun 05 2019

45mins

Play

202 Why You Need to Make a Will - Erin Bury, CEO & Co-Founder of Willful

Podcast cover
Read more

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

May 30 2019

49mins

Play

201 How to Become Your Best Self - Mike Bayer, NYT Bestselling Author & Life Coach

Podcast cover
Read more

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

May 29 2019

40mins

Play

200 Why You Need to Show Up for Yourself - Natasha Koifman, President of NKPR

Podcast cover
Read more

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!

Being Introverted Shouldn’t Stop You from Reaching Your Goals

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.

Say Yes When You Don’t Want To

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.

The Right Way to Network with People You Look Up

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

May 22 2019

37mins

Play