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Mo' Money Podcast | Personal Finance with Jessica Moorhouse

Award-winning blogger and podcast host Jessica Moorhouse interviews top personal finance & business experts like John Lee Dumas, Chris Guillebeau, Bruce Sellery, Preet Banerjee and Rob Carrick, as well as inspirational entrepreneurs, authors, bloggers, friends and family to help you learn how to manage your money better, make smarter choices, 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.
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Mo' Money Podcast | Personal Finance with Jessica Moorhouse
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Now displaying: November, 2017
Nov 30, 2017

I talk with Jesse Gernigin from LiveGoldRich about how we went from comedic hypnotist to freelance copywriter, how he learned to ask for his worth and how he budgets with a variable income.

Long description:

For this episode, I chat with Jesse Gernigin from LiveGoldRich and the founder of the Freelancer Success Summit.

He has a really interesting perspective on freelancing because he calls himself a bit of a serial entrepreneur. He started out as an entertainer, a comedic hypnotist to be specific, and then started a few other businesses after that, and eventually became a full-time freelance copywriter which now earns him a comfortable living.

In my experience, I’ve found that when people think of freelancers, they think of people who are always trying to drum up business, are undercutting other freelancers to win clients, and are always struggling a bit financially.

I have no idea where this perception comes from, but it’s something I used to believe before I started my side hustle and eventually became self-employed.

Well, after talking to Jesse, that doesn’t have to be the case. Sure, it may start out that way at the beginning of your freelance career, but you can build upon your experience and eventually reach a level where you can ask for higher rates and pick and choose which clients you want to work for.

And that’s a message Jesse really wants to share, which is why he created the Freelancer Success Summit. To interview and share the stories of other freelancers from all experience levels and disciplines.

You can save your seat and sign up to watch the presentations in the summit for free right now too!

Click here to sign up »

Learn More About Jesse

For full episode show notes, visit https://jessicamoorhouse.com/134

Nov 29, 2017

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!

Follow Tanja

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

Nov 23, 2017

Are you getting the most out of your credit cards? It might be time to take a good look at them and check to see if they are really the best on the market. Just take it from Stephen Weyman, blogger at HowtoSaveMoney.ca and founder of CreditCardGenius.ca who knows how to optimize your credit cards, get free trips using points and figuring out a great formula to see which cards need to be ditched and which cards you should consider replacing them with.

Long description:

If you’re curious how to get the most out of your credit cards, what the deal is with credit card churning, and how to protect and improve your credit score, this is the episode for you.

I talk to Stephen Weyman, the blogger behind How to Save Money and the founder of the new credit card comparison site CreditCardGenius.ca, all about credit cards and he definitely proves that he has a wealth of knowledge on the subject.

The fact that he was inspired to develop Credit Card Genius because he had a massive Excel spreadsheet of data on credit cards already just goes to show how passionate he is about credit cards. And I’m so glad because I feel like even though most of us use credit cards, a lot of us still don’t know some very important things about them.

Credit cards can be great to earn points and cash back, and they have a number of other benefits too. But, that’s only if you use them responsibly. If used irresponsibly, they can have some not so good outcomes like consumer debt, a low credit score and even bankruptcy. So, the best way to make sure you use them the right way is to be well-informed and I hope this episode succeeds in helping you get there.

Nov 22, 2017

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 16, 2017

I chat with podcast listener Alexis Kienlen about how she empowered herself by ending the mystery banking cycle & teaching herself about money management.

Long description:

This is why I love when podcast listeners reach out to me to be part of my Listener Series. Because sometimes they end with me saying that it felt like chatting with a friend I hadn’t talked to in a while. My listeners are amazing!

Anywho, this interview is particularly timely as November is Financial Literacy Month and my guest Alexis Kienlen shared how learning about personal finance changed her life for the better.

Like many millennials, she graduated hoping to follow her dreams and become a journalist. But, things have changed and it’s not as easy to earn a living and work in journalism. Realizing that she didn’t want to be broke anymore, she started reading blogs, listening to podcasts, reading The Globe and Mail and even reading Personal Finance for Dummies.

Now, she feels so much more in control of her life and her future, and it all came down to taking the time to educate herself so she could start making informed decisions.

Way to go Alexis, I can’t wait to see where you end up in the next few years (hopefully a published author and new homeowner!).

For full episode show notes, visit https://jessicamoorhouse.com/130

Nov 15, 2017

Is it possible to earn money on your investments without sacrificing your ethics? Tim Nash, investing coach and the blogger behind The Sustainable Economist explains why yes, you can!

Long description:

As I mentioned in the episode, I first got to know Tim Nash (a.k.a. The Sustainable Economist) back in the spring when he invited me to his Good Investment Fair.

So when I went to the fair, it really did open my eyes to a whole new world of investing. You don’t just have to buy funds that you think will perform well, you can do that and stay true to your values. And if Tim can help a couple create a totally vegan investing portfolio, then anyone can create a portfolio that speaks to them and what they stand for.

I definitely know that I’m going to have to take a good look at my portfolios and see if there’s anything in there I don’t feel good about. Luckily, more and more robo-advisors are starting to offer portfolios that are more eco-friendly and socially responsible, so that’s definitely a sign that Tim is certainly onto something that will become more popular in years to come.

Tim’s Model Portfolios

For full episode show notes, visit: https://jessicamoorhouse.com/129

Nov 10, 2017

At FinCon 2017, I had the pleasure of sitting down with my three of my favourite Canadian personal finance bloggers: Desirae Odjick from Half Banked, Andrew Daniel from Family Money Plan and Bob Lai from Tawcan.

This episode was recorded live on the last day of the conference, and has us chatting about their experience at the conference and what takeaways they'll be leaving with, their thoughts on blogging and everything in between.

Nov 9, 2017

For this Listener Series episode, I chat with Tracy Ma about how built her real estate empire despite her coming from humble beginnings.

Long description:

I love these Listener Series episodes, because I get to chat with super inspirational podcast listeners like Tracy Ma who has built a stellar real estate portfolio over the past decade (and is sharing how the heck she did it).

First off, I love Tracy’s story because she is evidence that you do not need to come from money to get into the real estate game. As she put it, she had a fairly rough upbringing. Her family was poor, so she knew that in order to change her financial situation, she’d need to work hard and be strategic in terms making her money grow.

She was eventually led to real estate investing, and now owns a number of properties in Canada earning her passive income.

That all being said, she does caution anyone listening that real estate investing isn’t for everyone. There is a ton of risk involved, it can be very time consuming and you really do need to know what you’re doing.

Luckily, she blogs about her journey and what she’s learned on her own blog Financial Nirvana Mama.

Thanks so much Tracy for chatting with me for this episode, it was a pleasure!

For full episode show notes visit: https://jessicamoorhouse.com/128
Nov 8, 2017

He wasn’t fulfilled in his life or career, so instead of complaining and wishing he had better luck, John Lee Dumas did something about it…which turned into a multi-million dollar a year business now known around the world as Entrepreneurs on Fire.

Long description: 

This is a pretty big moment for me because ever since I started the Mo’ Money Podcast back in June 2015, John Lee Dumas was one guess I aspired to get on my show.

Fast-forward 2 years and over 100 episodes and I got him!

So, why did I want to get him on the show so badly? Because he was actually one of the inspirations for me starting my podcast. When I got the idea to start a podcast, I immediately starting researching online and fairly quickly he popped up. He had (and still has) a very successful podcast called Entrepreneurs on Fire, and he also had a free course on how to start a podcast. I took the course and it really helped me start things off on the right foot. Honestly, if I hadn’t taken his free course, I know I would have made all the rookie mistakes and would have taken even longer to propel my podcast into what it is today.

For my interview with him, I just wanted to dive deep into what we was about, how he got to be so successful as a completely online entrepreneur (he now lives and runs his business from Puerto Rico). I also wanted to know how he does all the things he does and stays sane and grounded. And of course, he has a stellar morning ritual to start of his days right, something I know I need to start implementing myself.

This episode isn’t really about personal finance, but I wanted to share it because John is seriously such an inspiration to me. He’s a hustler, he’s a risk-taker, and he’s proof that if you feel unfulfilled and unhappy in your life, you can absolutely change course at anytime (it’s never too late!).

Helpful Resources

For full episode show notes visit: https://jessicamoorhouse.com/127 
Nov 2, 2017

If you want to avoid 5-figures in student debt by going to university, ever considered going to a trade school instead? I talk with Sylvia about how she went the nontraditional route for her career and why it was the best decision she could have ever made.

Long description:

The stats on student debt in Canada and the US are staggering. More and more young people are graduating with degrees in hand and 5-figures in debt to pay off. And sometimes that debt-burden will take them decades to pay off.

Here’s the thing…going to university and sticking with the traditional route of getting a degree to start your career isn’t the only way. For this Listener Series episode, I talk with Sylvia Bourgeois about her decision to not go to university but go to a trade school instead.

Instead of spending 4 years earning a degree with a boatload of debt to pay off after (not to mention grim job prospects), she was able to graduate her technical school debt-free, find a job soon after and start earning a decent income that would help her buy a home in Vancouver and eventually start her own contracting business.

The biggest message in this episode is that there’s no one way to do things. You don’t have to go to university, work in an office and climb your way up the ladder to be successful in your career. Moreover, if you’re a woman, you don’t have to pigeon-hole yourself into certain sectors or industries.

I’m ashamed to say that I never even considered a career in the trades because I didn’t think many women worked in that industry. Sylvia certainly proved that wrong, and wants to encourage more women to explore different career paths, even if they aren’t the popular or traditional choice.

For full episode show notes, visit https://jessicamoorhouse.com/126

Nov 1, 2017

I talk with the guy who wrote the book on side hustles (literally), Chris Guillebeau, author of Side Hustle: Idea to Income in 27 Days, who shares his tips on how to start and master your side hustle to take your finances to the next level.

Long description:

I had the pleasure of chatting with side hustle master and best-selling author Chris Guillebeau from Side Hustle School for this episode, and it’s honestly one of my favourites. 

If you know me, then you know I am all about the side hustle. It could because I’m just another typical millennial who needs to earn more to afford $10 bottles of organic juice and my expensive Uber habit (sarcasm, if you didn’t get that), but it’s actually because things have changed a lot since the last generation.

It’s not longer possible to stick with a job for 40 years and retire with a cushy pension. Now, if you want to be able to afford to live in an expensive city (and actually enjoy city living), travel, save up to buy a home and invest for your retirement, most likely your full-time job income won’t be enough. That’s where the side hustle comes in.

But here’s the thing, as Chris explains a side hustle isn’t just a second-job at night or on the weekends. It’s about starting your own mini-business that either sells products or offers a service that matches your skill-set and meets a need not currently being met on the market.

If you’ve ever thought about starting a side hustle, but was too afraid to start, didn’t know where to start, or thought if you start one you’d have to keep it forever (newsflash, you can stop it whenever you want), then Chris shares his wisdom and boy is it juicy.

He also literally wrote the book on side hustles called Side Hustle: From Idea to Income in 27 Days, so make sure to buy or check out a copy from the library because it’s not just about side hustles in theory. It’s about how to take action and what steps to take to get yours going.

Side Hustle Case Studies Chris Mentioned

For full episode show notes, visit https://jessicamoorhouse.com/125.

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