Rank #1: 215 How to Master Your Money - Sandy Yong, Author of The Money Master
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
Rank #2: 137 Being Smart with Your Debt & Credit - Lisa Zamparo, CPA & Financial Strategist (Millennial Money Meetup #4 Live Recording)
For my 4th Millennial Money Meetup (and my last one for 2017), I hosted the event once again in downtown Toronto selling out tickets in only a few weeks to 50 attendees. This event was sponsored by Manulife Bank (thank you for making this event possible during Financial Literacy Month) and featured the special guest Lisa Zamparo, a CPA and financial strategist. The theme for this event was debt and responsible credit card use, just in time for the holidays. This is the live recording of Lisa and I's discussion on the subject as well as audience Q&A.
For full episode show notes visit: https://jessicamoorhouse.com/137
Dec 08 2017
Rank #3: 089 How to Save Half Your Income Like a Pro - Desirae Odjick, Blogger at Half Banked
Desirae Odjick, the blogger behind Half Banked, shares her personal finance journey and best money tips for saving and investing for millennials.
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
- Like Desirae on Facebook
- Follow Desirae on Twitter
- Check Out Desirae on Instagram
- Subscribe to Desirae's YouTube Channel
For more podcast episodes, check out the podcast page.
Show notes: jessicamoorhouse.com/89
Feb 08 2017
Rank #4: 155 Practical Strategies to Pay Down Debt & Retire Early - Deacon Hayes, Author & Founder of Well Kept Wallet
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?
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.
- Reduce your expenses
- 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):
- Invest in real estate
- Invest in the stock market (no more than 10% individual stocks, then diversify your portfolio with index funds and ETFs)
- 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
Rank #5: 077 Listener Series - How Steve Saved Up $3 Million for Retirement Working a Regular 9 to 5
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.
Nov 24 2016
Rank #6: 184 Living Debt-Free with Shannon Lee Simmons, Author, CFP & Founder of The New School of Finance
I’ve got another repeat guest on the show, who first appeared on the Mo’ Money Podcast this time last year in episode 151 to promote her first book Worry-Free Money. I’m talking about the lovely Shannon Lee Simmons, and she’s back with her second book all about debt called Living Debt-Free.
Since her first book was essentially the feel-good personal finance book we were all looking for, Shannon’s second book does the same thing for debt. There are so many negative emotions surrounding debt, such as shame and guilt. Debt is bad right? Well, guess what…real people have debt. And they shouldn’t feel shame or guilt for having it. Shame and guilt aren’t exactly motivators to doing anything, so why would we think making people feel bad about their debt will help them get out of it.Having a Positive Mindset for Debt Repayment Is Key
Instead, Shannon shares stories and advice on how to tackle your debt by adopting a new positive mindset and asking yourself some of these helpful questions:
- What is your debt holding you back from in life?
- What kind of life could you have without this debt?
- What’s really important to you?
- What are your core life values?
Having clear answers for these questions will help you stay on track to paying off your debt. Yes, strategies like the debt snowball and debt avalanche are helpful too, but from my experience and Shannon’s, people are more likely to get back into debt or stop their debt repayment plan because they lack positive reinforcement and motivation.
By thinking with a more positive mindset, such as “What could I add to my life once I’m debt-free?” instead of being critical of your current situation like “You’re not as well off as your peers because of your debt,” you’ll be able to change your financial picture quicker than you ever thought possible. Not only that, you’ll be able to stay out of debt because you’ll have a clearer vision for your overall finances.Emergency Funds Are for Emergencies
Recently, there was a question that popped up in my Facebook group asking whether it was a good idea to use Emergency Fund money to pay off debt. Shannon and I both agreed that Emergency Funds should be reserved for emergencies only, not debt. Lack of emergency savings is one of the main reasons people fall into debt. Something unexpected happens, like their car breaks down, they don’t have the money to pay for it, they use credit to fix their car, now their in debt and can only afford the minimum payments.
To avoid this cycle, save up 3 to 6 months of your living expenses and put it in a high-interest savings account. Then don’t touch it until a real emergency happens. And once you touch it, make sure to pay that money back so it’s never empty.
Shannon also suggest having two Emergency Funds. One is for real emergencies that you don’t touch unless you absolutely need to. One is more of a slush fund that you are constantly contributing to, but dipping into when you need cash for unexpected expenses (that don’t fall into the emergency category).The Only Way to Avoid Over-Spending with Your Credit Card
There are only a few ways to avoid over-spending with your credit card. One way is to use debit or cash for all of your variable expenses, and just link your credit card to any of your regular fixed expenses like your cable bill, phone bill, and utilities.
Or, if you do like to use your credit card for your variable spending, set its limit to the exact amount you’ve budget for variable expenses. Then, as soon as you make a purchase with your credit card, move money from your chequing account to pay off your credit card.
That’s it! There really isn’t any other magic way to do it. Believe me, I’ve tried them and so has Shannon and these are the ones that work!
For full episode show notes, visit https://jessicamoorhouse.com/184
Feb 20 2019
Rank #7: 188 How to Get Rich by 30 - Lesley-Anne Scorgie, Author & Personal Finance Expert
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
- Rich by Thirty: Your Guide to Financial Success
- Rich by Forty: A Young Couple’s Guide to Building Net Worth
- Well-Heeled: The Smart Girl’s Guide to Getting Rich
- The Modern Couple’s Money Guide: 7 Smart Steps to Building Wealth Together
For full episode show notes, visit https://jessicamoorhouse.com/188
Mar 13 2019
Rank #8: 131 How to Build Wealth by Changing Your Money Mindset - Kelley Keehn, Author & Personal Finance Expert
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.
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
Rank #9: 003 The Shopping Ban - Cait Flanders from Blonde on a Budget
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
Jun 03 2015
Rank #10: 035 Millennials, Money & the Hustle - Stefanie O'Connell, Millennial Money Expert, Author & Blogger
Millennial money expert, author and personal finance blogger Stefanie O'Connell and I talk about being an actress during the recession and what inspired her to teach others to be smarter with their money.
Long episode description:
Stefanie O’Connell is one inspiring millennial. She had aspirations of becoming an actress growing up and even studied acting in New York City. She was well on her way to becoming a broadway star too — until the recession hit. The economic collapse forced her to rethink her plans of being an actress and consider other ways of making a living. She also started getting interested in personal finance, and realized from books like Rich Dad, Poor Dad that she did not want to live like a starving artist for the rest of her life.
This new passion for finance soon motivated her to start her own blog initially called The Broke and Beautiful Life. Now just going by her name (like yours truly) at StefanieOConnel.com, she’s not only a popular personal finance blogger, but also an author (she penned her first book The Broke and Beautiful Life in January 2015), and frequent money expert on media outlets like Fox & Friends, Dr. Oz and CBS News.
What I love about Stefanie, beyond being such a hustler, is how positive she is. She seriously took those lemons and made some amazing lemonade with them. If there’s one thing you can learn from Stefanie’s story, it’s that life is rarely a straight path. Heck, it might actually be a really good thing. How boring would life be if it was predictable? Just look at my life. I thought I was going to be an award-winning film editor in Vancouver, but instead I moved to Toronto, work in digital marketing during the day and host my own personal finance podcast at night! And I love it! I love that life is so unpredictable and I’ve learned over the years that it’s when you embrace the unknown and divert from your original path, some truly amazing things can happen.
Read Stefanie O’Connell’s Book
As I mentioned, besides being a personal finance blogger, Stefanie is a full-fledged author! Here’s a glimpse of what her book The Broke and Beautiful Life: Small Town Budget, Big City Dreams is all about:
After moving to New York City to become a Broadway actress, Stefanie O’Connell faced one of two inevitabilities when faced with unemployment–spiral into debt or learn how to effectively manage her money. Punctuated with humor, insight, and essential money management lessons, The Broke and Beautiful Life offers practical strategies to make smarter financial decisions today as a means to fulfill the goals and dreams of tomorrow.
You can grab your copy of her awesome book on Amazon.
Check Out Stefanie on YouTube
Not only do I predict Stefanie becoming a YouTube star, or the next Oprah, I want to help her get there! Recently she shared on Facebook that she hopes to attend YouTube’s Bootcamp to up her Youtuber game. She’s a natural already with the acting chops, but in order to get into the bootcamp she needs 500 channel subscribers. Since Stefanie is such an awesome gal, I’m asking you to subscribe to her channel (as well as mine), so she can become famous and credit me for helping her out! Seriously girl, if you ever get a talk show, I definitely expect to be a guest!
Feb 03 2016
Rank #11: 201 How to Become Your Best Self - Mike Bayer, NYT Bestselling Author & Life Coach
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
Rank #12: 159 How to Become Financially Independent by 35 - Chris Reining, Early Retiree & Writer
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!
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
Rank #13: 173 How to Pay Off Meaningful Debt (and Stay Debt-Free) - Jessi Fearon, Financial Coach
Jessi Fearon was able to pay off $55,000 in debt in 2 years! Yes, I know, we've all seen headlines like this before, and usually you find out after reading the full news article that they were able to pay off that debt because they got a windfall, their parents helped them, or they earn over 6 figures at their job. Well, that's no Jessi' story. Her and her husband were able to pay that debt off by making some major sacrifices and hustling to make it happen. Now Jessi is a financial coach on mission to help others conquer their finances too!
For this episode of the Mo’ Money Podcast, I chat with another Jessica who is also a financial coach! I’m talking about Jessi Fearon, who was able to pay off $55,000 in 2 years with her husband, while raising a family of 3 little ones. After being a stay-at-home more for a few years, Jessi now spends her days coaching others how they too can build a solid financial foundation and kick their debt to the curb (for good!) just like her family was able to.
What I love about this episode, and Jessi for that matter, is that she is an open book when it comes to her numbers. Most of the time when you see some headline about someone who paid a big amount of debt in a short amount of time, you eventually find out it’s because they got a big windfall, their parents helped them out, or they earn a high salary. That’s not Jessi’ story at all. For her, it came down to making some tough choices, such as taking on some extra jobs like being a server or dog walker to earn some extra money, or having to trade in her dream truck for a more cost-efficient car to put the difference onto her debt.
Basically, if you’re dealing with debt and need some motivation, this episode is going to make you want to get to work right away and start living a better life!
For full episode show notes, visit https://jessicamoorhouse.com/173
Oct 24 2018
Rank #14: 165 Get Paid Your Worth: Negotiation Tips - Kathlyn Hart, Salary Negotiation Coach
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!
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
Rank #15: 108 Financial Literacy for Teens - Eva Baker, Creator of TeensGotCents & Founder of The Teenpreneur Conference
I chat with TeensGotCents creator Eva Baker about why she's so passionate about educating teens about personal finance, what inspired her to found The Teenpreneur Conference, and what she wants teens to know the most about managing their money the smart way.
Unlike many teens her age, Eva Baker started to get interested in personal finance at the young age of 16. She started listening to Dave Ramsey's teachings, and got hooked. But what she soon realized is there was a ton of information out there on how to fix your financial woes, but not a ton on how to avoid them when you're a teen and just starting your own personal finance journey.
That's when she got the idea to create TeensGotCents, a financial literacy blog for teens that explores money and issues relating to adolescents specifically. I sure wish her blog was around when I was in high school! I'm sure I would have figured out how to make my part-time job income go further.
As she mentions in the interview, she also started her blog as her major project for school, but it eventually took off and became her full-time gig. Now in her 20s, she manages a staff of writers to keep creating valuable content for teens on the website. And if that weren't impressive enough, she also founded her own conference — The Teenpreneur Conference — that's all about promoting entrepreneurship to teens. The next conference will be taking place June 8-10, 2017 in Jacksonville, Florida.
Check Out Eva's Best Blog Posts
- 3 Reasons An Emergency Fund Is Critical For a Teen If You Have a Car
- Teens Investing in the Stock Market
- Confessions of a Personal Finance Blogger
- Generosity: The Key to Joy and Fulfillment
Follow Eva on Social
Join Me for a Live Webinar!
I mentioned in this episode about an upcoming webinar I'll be hosting with friend and business partner Jaclyn Phillips. We'll be doing a live webinar all about how to master your money and fitness on Wednesday, May 31 at 7pm ET to kick-off the launch of our Rich & Fit Bootcamp course.
Registration for the course will open right after the webinar, and promptly close on Wednesday, June 7 (that's right, we're only opening the doors for 1 week!). And a big reason you'll want to join us for the webinar is because not only will we discuss more about the course specifically, but we'll also be awarding 3 scholarships to the course to 3 lucky live webinar attendees.
For more podcast episodes, check out the podcast page.
Show notes: jessicamoorhouse.com/108
May 17 2017
Rank #16: 043 Planning for Tomorrow Without Sacrificing Today - Roger Whitney, Blogger/Podcaster at Retirement Answer Man
Retirement planning doesn't have to be boring, and it doesn't mean you have to sacrifice today to afford a better life tomorrow. In this episode, Retirement Answer Man Roger Whitney and I discuss the different strategies you can try to plan for a better, richer future.
Long episode description:
Roger Whitney sure is the Retirement Answer Man. Not only does he have his own personal finance blog and podcastfocused on retirement, he’s also a CFP®, CIMA®, CPWA® and AIF®. That’s a lot of designations, so he I knew he’d be the one to turn to to chat about retirement planning.
Now, Roger has a very interesting story. I definitely encourage you to watch the video I’ve included below where he goes more in-depth about his background, but for the Coles Notes version Roger is so passionate about educating others about retirement planning because of his mom. You see, he was raised by a single mom who worked tirelessly to provide for her family. Her plan was to work hard today so she could relax and enjoy life in retirement. Unfortunately, she passed away at an early age and was never able to experience that quiet and calm retired life she always dreamed of.
Roger believes you shouldn’t work hard today for a better tomorrow. You should work hard today for a better today, and a better tomorrow. The traditional idea of retirement is that we all work hard and save as much as we can so once we retire at 65+ we can finally enjoy the fruits of our labour. But that’s not realistic is it? Not one of us can predict how long we’ll live, or if we’ll be physically able or healthy enough to have that perfect retired life we see in all those life insurance ads in our twilight years.
That’s why it’s time to chuck that old idea out the door and replace it with a new one. One new idea would be to do mini-retirements like Roger and I discuss. Instead of holding out to travel the world in retirement, why not take a year off from work to travel now, then go back to work after? My friend Stephanie Williams, who was one of my first podcast guests, does this every six months and I know more of us could be doing this too.
As I mentioned earlier, Roger has his own podcast, and he even encourages his listeners to send him questions he can answer in a later episode. If any of you have some specific questions about retirement after listening to my episode, click here to send Roger your question. He’s got over 24 years experience in the field, so I doubt you’d be able to stump him.
Check out Roger Whitney’s Podcast
Grab Some of Roger’s Awesome Resources
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Mar 30 2016
Rank #17: 093 How to Plan Your Retirement the Smart Way - Fritz Gilbert, Blogger at The Retirement Manifesto
Saving for your retirement is simple. As Fritz Gilbert from The Retirement Manifesto shares, it all comes down to starting early, spending less than you make, and keeping to it.
As I mentioned at the beginning of this episode, lots of us young people don't start thinking about planning for our retirement, well...until it's too late. Which isn't a good thing.
It may be difficult wrapping your head around something that won't happen for another 40 or 50 years, but the only way to make sure you'll actually be able to relax and enjoy your retirement is if you start thinking and planning for it as early as possible.
Fritz Gilbert, the blogger behind The Retirement Manifesto, joins me for this podcast episode to share what he's learned about retirement over the years and how he is only a few years away from his early retirement at 55.
Make sure to check out the links below for more helpful resources and tips on how you can start taking action now so you can rest easy later.
Fritz's Advice on How to Retire Early (or Well)
Spend less than you make, and do it for a long time.
Learn More About Fritz's Retirement Manifesto
Fritz's Blog Posts You Need to Read
- The First 6 Steps to Financial Wealth
- The Retirement Manifesto — How It Started
- Top 5 Regrets People Have On Their Deathbeds (& How To Avoid Them In Your Life)
Follow Fritz on Social
- Like Desirae on Facebook
- Follow Desirae on Twitter
- Check Out Desirae on Instagram
- Subscribe to Desirae's YouTube Channel
Learn How to Save Money with LowestRates
For more podcast episodes, check out the podcast page.
Show notes: jessicamoorhouse.com/93
Feb 22 2017
Rank #18: 185 How to Make Work Optional - Tanja Hester, Author of Work Option & Blogger at Our Next Life
I had Tanja Hester from Our Next Life on the show back in November 2017 for episode 133. Back then, Tanja was still an anonymous blogger who hadn’t yet quit her job yet to retire early with her husband. Well, a few months after we recorded that episode she left her job and has been officially retired ever since!
Not only that, she finally revealed her full name on her blog and the news literally went viral, being picked up by MarketWatch. Because of this, Tanja has had a very busy retired life, that includes doing speaking, writing for MarketWatch, and of course publishing her first book Work Optional: Retire Early the Non-Penny-Pinching Way.
Since so much has happened with Tanja since that first episode, I wanted to have her back on the show to talk more about what life is like in early retirement, and how you can strategize to retire early too!Retiring Early Isn’t About Opting Out
Planning to retire early doesn’t start with the number crunching (or at least it shouldn’t). You need to figure out the “Why” before the “How”. Most people just think retiring early is a way they can finally opt-out of working, or subtract something from their life. Instead, you should think about it as a way to add more to your life.
As we discuss in this episode, most early retirees aren’t just chilling on a beach reading. That’s nice for a vacation, but that can get boring quick if it’s your every day. Instead, think about what things you want to do now that you don’t have to focus all your time and energy on earning an income. Maybe it’s volunteering. Maybe it’s starting some new hobbies. Maybe it’s writing a book like Tanja.
No matter what it is, retiring early isn’t about opting out of work, it’s about opting into a life that’s more fulfilling and meaningful to you.You Can Continue to Earn Money in Retirement
Another thing we discuss is the idea that by retiring, that doesn’t mean you have to stop earning money…or working for that matter. Early retirement or financial independence means you don’t have to work to earn an income anymore. But, that doesn’t mean you can’t if you want to.
From talking to so many early retirees on the podcast and in real life, all of them are working in some way. Usually not full-time, but they are definitely staying active and contributing to society in some way. And yes, this means they earn money. Earning money doesn’t negate the fact that they are financially independent or retired. It just means they have extra fun money to play with.Follow Your Own Path
I see and hear so many conversations about F.I.R.E. (financial independence, retire early), most of which are negative. Many people believe it’s a dangerous idea because most people will either run out of money or it’s just completely impossible because they aren’t high income earners.
As Tanja mentions, early retirement isn’t for everyone and that’s okay. Moreover, one person’s path to early retirement shouldn’t serve as a template you should try to mimic because it may not work for you. Personal finance is personal after all, so if early retirement is something you want to do, do your research, learn from other people’s journeys, then carve out your own path that’s unique to you.
For full episode show notes, visit https://jessicamoorhouse.com/185
Feb 27 2019
Rank #19: 110 How to Earn Extra Income by Getting a Side Hustle - Nick Loper, Founder of Side Hustle Nation
At a certain point in your personal finance journey, you'll realize that there's nothing left to cut out of your budget and you're living as frugally as you can. At that point, it's either time to look for a higher paying job or joining a number of others by getting yourself a side hustle. In this episode I chat with Nick Loper, founder of Side Hustle Nation, about how to get a side hustle and how he was able to turn his love for side hustles into his full-time gig.
It seems like everyone has a side hustle these days, or is thinking about starting one. Which is why I thought the perfect guest to have on the Mo' Money Podcast would be Nick Loper from Side Hustle Nation. I met him after I spoke at FinCon's Ignite last year, and I was in total awe of his podcast and the insanely loyal audience he grew. But the best thing is, he's seriously the nicest, humblest guy!
Now, I've kind of always had a side hustle. It started with being a teleprompter operator for the news, PAing on film sets, then eventually I started this blog to see if I can earn some money. Well, after almost 6 years, I was able to finally turn this side hustle into my full-time hustle, so if you're ever wondering whether it's worth it to start a side hustle and spend some of your extra hours on building a side business — just try it. There's no harm in trying a few things out and seeing if they work. And there's no shame in failure as long as you walk away with a lesson learned.
In this episode, Nick also shares his personal story with getting his first side hustle and how he eventually became an online entrepreneur teaching others about how side hustles could take them to the next level with their financials. As I always tell people, at a certain point, you'll find with your budget that there's nothing left to cut out. And at that point, it's time to start looking at other ways to earn some extra income.
I hope you enjoy this interview with Nick, and make sure to scroll down below for more info about my Rich & Fit Bootcamp course, or click here to visit the registration page.
Check Out Nick's Best Podcast Episodes
- How 25 Side Hustlers Made Their First Entrepreneurial Income
- 5 Real Estate Side Hustles You Can Start on the Cheap
- How a Former Hairdresser Turned Her Side Hustle Into a 6-Figure Business
Check Out Nick's Best Blog Posts
- 5 Questions to Answer Before You Quit Your Job: Your Make the Leap Checklist
- How I Made $2000 While Vacationing in Rome: Freelancing While Traveling – Without the Guilt
- How I Built a Million Dollar Blog (by Growing a Loyal Audience)
Follow Nick on Social
Register for the Rich & Fit Bootcamp
I mentioned in this episode that myself and business partner Jaclyn Phillips have finally launched our Rich & Fit Bootcamp course together, and I want to share all the juicy details with you! First, visit the registration page to learn more and to register before the cut off date of Wednesday, June 7. But also, check out our webinar replay to find out what we'll be teaching and what the course platform will look like when you get access to it.
And if you have any questions and aren't sure if this is right for you, please email me, happy to chat!
For more podcast episodes, check out the podcast page.
Show notes: jessicamoorhouse.com/110
May 31 2017
Rank #20: 100 How to Tackle Money as a Couple - Elle Martinez, Host of the Couple Money Podcast
To mark my 100th episode, I talk with fellow podcaster Elle Martinez about money, relationships and how to tackle money as a couple.
Can you believe we're already at 100 episodes? I'm kind of in awe honestly. What a journey it has been, and what a great interview I've got to share to mark this milestone.
We talk about her story of figuring out how to manage their money together before getting married, and how this eventually inspired her to start her own blog and podcast to help other couples tackle their money. We've all heard the stats, money is one of the biggest reasons couples break up. But if you have open communication, are working towards the same goals and both feel involved with the family finances, that's how you can set yourself up for success.
Elle offers some sage advice and great examples of couples she's interviewed who have overcome some major obstacles. Basically, after listening to this episode, you'll feel just like me and want to set up your next money meeting with your partner pronto!
Elle's Top Blog Posts
- Free & Cheap Date Nights for Couples
- Getting Your Spouse to Save More
- Take the $20 Date Night Challenge!
- Let’s Start Travel Hacking Together!
Follow Elle on Social
For more podcast episodes, check out the podcast page.
Show notes: jessicamoorhouse.com/100
Mar 29 2017