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Mo' Money Podcast | Personal Finance with Jessica Moorhouse

Millennial money expert, Accredited Financial Counselor-Canada® 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: May, 2018
May 16, 2018

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 9, 2018

For the second time on the podcast (I had him on the show in 2015, episode 25 if you want to check that out after), I chat with The Value of Simple author John Robertson about his tips for practical investing for Canadians.

Long description:

It’s crazy to see how fast time flies…like when I interviewed John Robertson, author of The Value of Simple and personal finance blogger at HolyPotato.net, for the first time for episode 25 of the Mo’ Money Podcast back in Nov. 2015. That was almost 3 years ago! And that was also back when I got my guests to come over to my tiny apartment in Toronto to record with me in person. How is it already May 2018 and I’m at episode 158? HOW?!

A lot has changed since that first interview. Not only has my own life and career changed significantly, but my investing knowledge too. When I first interviewed John, I’m almost embarrassed to admit how little I understood about investing. But then again, that was the whole point of interviewing him! So I could learn more about it and help others do the same.

You see, everyone starts from investing knowledge 0, but no one ever talks about that, do they? When the topic of investing comes up, it always seems like everyone in the room knows what everyone else is talking about, and the ones who don’t, well, they just keep that to themselves and presumably google what “index fund” and “diversified portfolio” mean later (like I used to do).

That’s why I really loved talking to John for episode 25. He explained investing, and more specifically index investing, in a very understandable and simple way. Which is a big reason why I’m always recommending his book The Value of Simple and his Practical Index Investing for Canadians course to anyone who wants to broaden their investing knowledge and be able to take action with confidence afterwards.

That’s also why I wanted to bring him back on the show, because in the 2.5 years that have passed since our first interview, not only am I much more knowledgeable and confident when it comes to investing, I’m now an Accredited Financial Counselor-Canada® (which just means I studied investing in-depth to get my certification).

If there’s one thing I hope you take away from this new interview with John, it’s that investing is for everyone. It’s not reserved for the already wealthy. It’s not just something people who love stock picking do. And it’s not something you need a lot of money or time to get started.

Remember, if this girl who literally didn’t know what an index fund was 3 years ago can figure it out and become an empowered investor, so can you!

For full episode show notes, visit https://jessicamoorhouse.com/158

May 2, 2018

Confidence doesn't just mean walking in the room and feeling powerful. It's what can help us get that job on the first interview, get that raise or promotion, network more authentically, or even start your own money-making venture. For this episode of the podcast, I chat with Lauren Ferraro, a speaking coach and instructor in Toronto (and also my speaking coach), about how to be more comfortable on stage, how to lean in and not be afraid to make your voice heard, and be the best version of you that you can be.

Long description:

The minute I met speaking coach Lauren Ferraro for our first lesson together, I new I needed to have her on the podcast. And not just because she’s an expert speaker (a podcaster’s dream!), but because she just exudes confidence. I’m not talking about puff out your chest, hold your head up high kind of confidence. I’m talking about genuine confidence in yourself. Something I think most of us wish we had more of.

So, for this episode of the show, she joins me to chat about confidence, or in her case, being comfortable on stage, in a room or in yourself. The reason why it’s so important to have that confidence is because by being comfortable in yourself, you’ll feel more inclined to take risks that will inevitable have financial benefits. I’m talking negotiating your salary for a new job, getting a promotion and raise, pitching yourself as a freelancer, pitching your products and services as an entrepreneur or business owner (you get the idea).

I know that after listening to this interview, you’ll immediately want to start putting some of her tips into practice. For instance, her advice on how to network but practicing what you’re going to say ahead of time is invaluable! Also, make sure to check out the links below for more info about Lauren and her speaking business (which in my opinion, is so worth the money!).

For full episode show notes, visit https://jessicamoorhouse.com/157

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