Info

Mo' Money Podcast | Personal Finance with Jessica Moorhouse

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.
RSS Feed Subscribe in Apple Podcasts
Mo' Money Podcast | Personal Finance with Jessica Moorhouse
2018
November
October
September
June
May
April
March
February
January


2017
December
November
October
September
June
May
April
March
February
January


2016
December
November
October
September
June
May
April
March
February
January


2015
December
November
October
September
August
July
June


All Episodes
Archives
Now displaying: Page 4
Apr 7, 2017

A special bonus podcast episode for you! I recently did a Facebook Live session with Lisa Gittens, senior tax expert from H&R Block, and I got a ton of requests to make the audio into a podcast episode. So here it is! Lisa answered tax questions live for 30 minutes, and we got some great questions too. Enjoy!

Apr 6, 2017

It is possible to live debt-free and prosper financially while self-employed, and podcast listener Christina from Toronto shares how she was able to do it.

Long description:

Not many people can say they got their first job at the young age of 5 years old, but my Listener Series guest Christina from Toronto isn't like many people. She had a firm grasp on how to earn money from a very young age, which helped her when she started learning about personal finance in university.

As she embarked on her career as a freelancer in the film and TV industry, she started realizing that there was more to being financially savvy than just knowing how to earn an income. Now, having been self-employed for 10 years, she shares the tips and tools that have helped keep her out of debt and on a path to financial freedom for anyone else living on a variable income with dreams of financial stability.

Helpful Tip

Pay yourself first.

You may have heard this tip a thousand times, but that's because it works! It's Christina's top money tip, and honestly mine too. All paying yourself first means is allocating your income to your savings goals first, then living on whatever's left. If you're not doing this right now, I promise it'll change your life. A great way to start would be to download my free budget spreadsheet.

Join a Facebook Group

Christina mentioned that a big help in getting her finances on track was to join personal finance Facebook groups. They are great to learn what other people are doing with their money and to be part of a community that also wants to better their financial situation just like you. Here are some of my top picks!

Want to Be a Guest on My Show?

Got a story that you think would be good to share on an episode on of Listener series? Please email me!

Helpful Resources

I spent a good amount of time the past few years creating resources to help you with your money, life and adding more balance into the mix. Check them out on my resources page.

Apr 5, 2017

Are you ready for tax time? If not, that's okay because I've got the podcast episode that's perfect for you! For episode 101, I chat with senior tax expert Lisa Gittens from H&R Block about how to prepare your return, how H&R Block professionals are trained, why their online software is free, and what are some of the top tax tips people need to know before filing their taxes this year.  

One thing I highly recommend before getting started on your taxes is to download my free tax preparation checklist. It's a checklist that outlines all the documents you may need to hand-off to your tax preparer or that you'll need when filling out all your info online.

Sign Up for a CRA Account

One of the best things you can do to make doing your taxes a breeze is by creating an online CRA account. You can change your marital status, name and direct deposit info in just a few seconds online when you've got an account, plus it's also a great way to easily see what your RRSP room is and it also houses all of your past tax returns.

Helpful Tax Resources from H&R Block

For more podcast episodes, check out the podcast page.

Show notes: jessicamoorhouse.com/101

Mar 29, 2017

To mark my 100th episode, I talk with fellow podcaster Elle Martinez about money, relationships and how to tackle money as a couple.

Long description:

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.

For this episode, I chat with a fellow female podcaster and blogger, Elle Martinez from Couple Money. Make sure to check out her awesome Couple Money Podcast too, she's an amazing podcast host!

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

Follow Elle on Social

For more podcast episodes, check out the podcast page.

Show notes: jessicamoorhouse.com/100

Mar 23, 2017

Podcast listener TJ Pridonoff shares with me how he saved up enough to do a roadtrip across America (and quit his job to do it). He proves that you don't have to be rich to go on a trip of self-discovery in the U.S., you just need to be smart about how you spend your money.

Long description:

For this episode of my Listener Series, I interview TJ Pridonoff who is currently on a road trip of self-discovery across America.

I'm telling you, if ever you hit a point in your life that you feel unhappy, too settled or just need some sort of change to figure out what you want out of your life, travel is always a good solution. When I was 18 and went to Gambia, I had so much clarity when I got back in terms of what I wanted to study in school and do for a career. And after travelling around Thailand for 3 weeks, I came home confident that leaving my job and moving to Toronto was the right answer. I wonder what I'll discover on my next long trip?

Anywho, TJ realized not too long ago that he needed a change and to figure out what he really wanted out of life for himself. He'd already gone to school and had a good stable job, but he wanted something more. So he decided to leave his job and take a road trip across the United States to satisfy his travel bug and to help him get some clarity for his future.

And he's on that road trip now! The best part is, from a personal finance standpoint, he's proven that to do something like this doesn't mean it'll cost you a ton of money. Especially doing a road trip across the U.S., there are a ton of towns and cities you can stay in for really reasonable prices. The key thing to remember is to have enough cash on hand so you don't run out, budget strategically (so do you research ahead of time), and don't spend your money on stuff. Spend your money wisely to get the most out of your trip.

If you want to see where TJ is right now and how his trip has been so far, make sure to check out some of his latest blog posts:

Thanks TJ for sharing your story with me, and looking forward to reading more about your travels! 

Want to Be a Guest on My Show?

Got a story that you think would be good to share on an episode on of Listener series? Please email me!

Helpful Resources

I spent a good amount of time the past few years creating resources to help you with your money, life and adding more balance into the mix. Check them out on my resources page.

For more podcast episodes, check out the podcast page.

Show notes: jessicamoorhouse.com/99

Mar 22, 2017

Ever thought about diving into real estate investing? All your questions are guaranteed to be answered by Real Wealth Network co-founder, real estate expert and author Kathy Fettke in this episode. I ask her almost every question under the sun including how to find a downpayment, how to choose the right property and whether it's smarter to become a landlord or a house flipper. If you want to become more knowledgeable about real estate investing, you need to listen to this episode.

Long description:

Ever thought about diving into the real estate investing world? I always have, which is why it was such a treat to talk to real estate expert, author and Real Wealth Network co-founder Kathy Fettke. Finally, I had someone to ask my many real estate investing questions to (and if you listen to the episode, you'll know I had a ton!).

The biggest takeaways I got from my interview with Kathy was that the real investing game is largely about risk, trust and knowing when to say "yes" or "no". There are so many real investing programs out there that will try to sell you a dream that isn't actually achievable, spew outdated information or charge you 5-figures for access to their investing "secrets".

Don't buy into this! And Kathy would agree. Real estate investing is not about getting rich quick, it's a long game. It means buying the right property at the right time, then renting it out, holding onto it for a number of years, then choosing to sell it at the right time.

She even suggests you'll make more money by becoming a landlord than trying to flip a property. Flipping may seem like the trendy thing to do with so many shows on HGTV dedicated to the practice, but in the end you won't make as much as renting out your place, and getting those renters to essentially pay your mortgage.

I know I still have a lot to learn before my husband and I decide to buy our first investment property, but I'm glad many of my questions about how to get started are now answered!

Learn More About Kathy

Kathy's Top Podcast Episodes

Check Out Kathy's Book

For more podcast episodes, check out the podcast page.

Show notes: jessicamoorhouse.com/98

Mar 16, 2017

Colton from Newfoundland chats with me for this episode of my Listener Series to share how he was able to find an employer that not only helped him earn a salary while being a student, but also to pay for his Bachelor's degree!

Long description:

I'm so glad Colton from Newfoundland emailed me to be a guest for my Listener Series, because I certainly missed the few weeks without Listener Series episodes, how about you?

What I loved about this interview is that Colton offers some very practical and actionable advice on how to go to university without relying on student loans. I'm almost ashamed to say I'd never thought about finding a job while in university that could also help pay for it!

Looking back, now I see there were and are so many options to make money as a student that also extra perks. As Colton mentioned for instance, if you work at Starbucks you don't just get a free pound of coffee a week, you also get stock options after a few years. And if you're a server or bartender, you get tips (which could add up to a lot). And many cell phone companies offer special bonuses, commissions on top of pay and other benefits too.

Thanks again Colton for chatting with me (even if you did have to talk a bit slower for me, and I thought I talked fast!). I know your story will help so many other students (or future students) listening!

Want to Be a Guest on My Show?

Got a story that you think would be good to share on an episode on of Listener series? Please email me!

Helpful Resources

I spent a good amount of time the past few years creating resources to help you with your money, life and adding more balance into the mix. Check them out on my resources page.

For more podcast episodes, check out the podcast page.

Show notes: jessicamoorhouse.com/97

Mar 15, 2017

Want an example of how an emergency fund can come in useful? How about two examples? Kate Dore from Cashville Skyline shares how her's saved her big time.

Long description:

Who knew an emergency fund could save your life not once, but twice! So is the story of Kate Dore from Cashville Skyline which she shared in full detail for this episode of the podcast. 

Talk about someone who turned lemons into lemonade! Most people would begrudge their bad luck when faced with two layoffs in 10 years, but not Kate. Instead of complaining or just struggling through it all, she took it as a big lesson in becoming financially prepared. Which later turned out to be her big passion, which is why she's now on the road to becoming a financial planner.

If there's only one thing you can take away from this episode, it's this - life happens, so have an emergency fund just in case. I've certainly been thankful for mine on more than one occasion in my life, that's for sure. Not only that, having an emergency fund is hands down the first thing I tell people to set up as they start their personal finance journey. It may not be fun or sexy, but having one will literally save your life!

I'm excited to see where Kate ends up after becoming a full-fledged Certified Financial Planner, but until then it looks like she's been busy the past few months creating some great blog posts and personal finance courses. I've linked them below so you can check them out.

Join Me on the Self Worth to Net Worth Challenge!

Also, as I mentioned, myself, Sarah Li Cain from High Fiving Dollars and Tara Falcone from ReisUP have come together to create a unique 21-day challenge to combine our expertises in money mindsets, budgeting and investing. You'll get an email once a day for 21 days giving you a full outline on what you need to do to feel empowered about your money and take action!

<< Register to take the challenge now >>

Kate's Top Blog Posts

Helpful Resources by Kate

Follow Kate on Social

For more podcast episodes, check out the podcast page.

Show notes: jessicamoorhouse.com/96

Mar 8, 2017

I interview my American twin in Tess Wicks, a fellow blogger and host of the personal finance podcast Words + Money. For this episode, we chat about it all include making your own money, switching careers and not being afraid to lean in.

Long description:

Like I mentioned at the beginning of this episode, Tess Wicks is my American twin. And what good timing for this episode, on International Women's Day!

For this episode, Tess and I chat about it all including making money, being a financially independent woman, switching careers, becoming self-employed and not being afraid to speak up and lean in.

We actually got the chance to hang out at FinCon this past fall, and she is just as delightful in person as she sounds in this episode. And there have been quite a few changes since I interviewed her. Instead of switching her brand to Wander Wealthy, she's switching to Creative Profit Co., with a focus on helping businesses as well as individuals with their finances.

I know I could just be saying this because we're so alike, but I see some big things coming from this girl. She's just so passionate about helping people, I know she's going to make a great difference in so many people's lives.

Take the Get Your Financial Life Right Challenge

  • Sign up right here to start my free 10-day email course that'll teach you the most important things you need to do to fix your finances.

Some of Tess' Best Blog Posts

Follow Tess on Social

For more podcast episodes, check out the podcast page.

Show notes: jessicamoorhouse.com/95

Mar 1, 2017

Personal finance isn't just about money. It's about emotions, habits, triggers, mindsets and relationships. I chat about this and more with money storyteller Sarah Li Cain.

Long description:

Personal finance isn't just about money. It's about emotions, habits, triggers, mindsets and relationships. Many of these aspects of personal finance are explored with Sarah Li Cain, author at High Fiving Dollars, in this podcast episode.

Sarah, a fellow Canadian now living in the U.S. with her husband and son, isn't just another personal finance blogger. She's a money storyteller on a mission to teach others about how your actions can truly affect your finances in ways you may have never thought.

Take her story for example. Throughout most of her life she was a "Yes Man." Always saying yes when asked for help and putting herself second to provide for those she loved. This doesn't sound so bad, that is until someone takes advantage of your kindness. Which was the case for one of the relationships she was in, where she found herself stuck with $9,000 in debt after the breakup.

Sarah doesn't want this to be your story, and she shares more thoughtful pieces of advice in our interview. Not only that, she's developed a number of great resources to help you on your personal finance journey I've listed below.

Take Sarah's Spending Triggers Course

Sarah's recently created a two-week course all about the triggers that make us overspend and generally mishandle our money.

If you want to learn how to curb your spending (and find out why you’re doing it in the first place), sign up to take her course. You won't be disappointed!

I was lucky enough to preview her course before she officially launched it, and thought it was a really great and unique program that I knew listeners of my podcast would enjoy.

Register for Sarah's spending triggers course here.

Sarah's Top Blog Posts

Helpful Resources by Sarah

Follow Sarah on Social

For more podcast episodes, check out the podcast page.

Show notes: jessicamoorhouse.com/94

Feb 22, 2017

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.

Long description:

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

Follow Fritz on Social

Learn How to Save Money with LowestRates

For more podcast episodes, check out the podcast page.

Show notes: jessicamoorhouse.com/93

Feb 16, 2017

It doesn't matter where you started from, Lisa shares her story that you can rise above and live the life you always wanted by learning from your mistakes and putting the work into it.

Long description:

Ever since my husband and I watched Tony Robbins in the documentary I Am Not Your Guru a few months ago, we've become major Tony Robbins fans. Whenever we need a pick me up, we just turn on his podcast and immediately get inspired.

Yesterday, I was working all day at home and I decided to leave the house to clear my head. I turned on his podcast to get me out of my funk, and you know what it was all about? The theme was changing your story to change your life. If your story is you're fat, well if you stop making excuses and start eating better and working out, you'll change your life. If your story is you're poor, stop complaining that you were born with less and figure out a way to make more money.

Which is exactly what Lisa talks about in our interview together. She started out in a lower income family living in a trailer park. She was told she wouldn't be able to go to college or live a different life when she was an adult, and for a while she believed it.

But then something clicked and she realized that where she came from wasn't her destiny. And she is living proof of this by graduating college, working a high-paying job and buying a home like she always dreamed of.

If you're looking for a good kick in the pants podcast episode to give you that push to stop complaining and start doing, this is it!

Make sure to also check out Lisa's own blog documenting her personal finance journey at Mad Money Monster.

Lisa's Best Blog Posts About Her Personal Finance Journey

Want to Make Some Changes in Your Financial Life?

Sign up for my free Get Your Financial Life Right 10-day email course! If you want to fix your finances, this is the perfect way to get started, motivated and educated about exactly what you need to do.

Helpful Resources

I spent a good chunk of the past few years creating resources to help you with your money, life and adding more balance into the mix. Check them out on my resources page.

Want to Be a Guest on My Show?

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.

Show notes: jessicamoorhouse.com/92

Feb 15, 2017

You don't have to be rich to travel the world and buy a home in an expensive city. Esther from NZ Muse proves you just need to be smart with your money.

Long description:

It was such a pleasure chatting with Esther from one of my favourite personal finance blogs NZ Muse. I've been following her only her own personal finance journey for years, and I'm so glad I was able to finally chat with her one-on-one for this episode. Not only that, she's the first non-North American guest I've had on the show!

This episode is all about Esther sharing how she eventually got to a place in her life where she was able to afford to leave work to travel the world for 6 months and also buy a home in the incredibly expensive city of Auckland.

Esther's story isn't some crazy story either. She was able to make something most of us only daydream about a reality simply by be strategic with her career and her money.

Similar to me, Esther started out working in the media/journalism business. What used to be a thriving and exciting industry is one that has devolved since Facebook and YouTube became major players. It's sad, because journalism is so important (especially with all the fake news floating around), but also like me, she eventually realized that if she wanted to grow in her career and make a decent living, she needed to change course.

That's when she decided to move into more a content marketing role, and was able to save up $10,000 to for her 6-month trip. She was able to take a leave of absence for work, but she was also financially prepared to have to look for a new job after her travels.

Everything worked out pretty well, because after her bucket list trip she was able to save up another big chunk of money to buy her first home.

You see, nothing sensational or unattainable in her story. She just made smart choices! She saw that there was a ceiling in her industry so she switched careers to make a better living. She wanted to fulfill her dream of travelling for a long stretch of time, so she lived frugally and saved up enough cash to do it. She wanted to buy a home to have a nice roof of her head and to build some equity, so she hunkered down once again and saved up enough for a down-payment.

The message here is that if she can do it, anyone can do it. You just need to work hard, make smart financial decisions, maintain focus and take action.

Some of Esther's Best Posts

Check Out Esther First Free Course!

  • Great timing for me to share our podcast episode together because Esther just released a 5-day email course all about how to reclaim your money mojo! Make sure to sign up to her free email course to get out of your money rut.

Follow Esther on Social

For more podcast episodes, check out the podcast page.

Show notes: jessicamoorhouse.com/91

Feb 9, 2017

Want to learn how to set yourself up for financial success before graduating university? Listen to my interview with podcast listener Allison about how she'll be able to graduate almost debt-free.

Long description:

If you want to set yourself (or your kids) up for success, it is crucial to understand the consequences of taking on too much student debt. Yes, it is one way to be able to afford a post-secondary education which in turn could lead to a job with a good salary...but it could also hurt your chances of living a life that's not tied down to years of debt-repayment.

For this episode, I chat with one of my podcast listeners Allison from Manitoba, and she shares what she's done so when she graduates she'll only have a few small amount of debt to pay off. This includes her working year-round and during the summers, living extremely frugally, and not using all the student loans she was granted.

She is one financially savvy 21 year old, let me tell you. And I know from personal experience because she did pay attention to her finances during university, she'll have a much easier time after graduation.

Being debt-free (or close to it) after graduating will not only offer you more freedom and opportunities, but you'll realize that you've already got some great financial habits. You'll also be able to achieve some of your financial goals sooner and build wealth quicker thanks to the magic of compound interest.

One resource Allison mentioned a few times, and inspired her to take on this frugal lifestyle, was Mr. Money Mustache. He's actually Canadian (woot woot!) and is mentioned by listeners all the time, so make sure to check out his stuff!

I also mentioned in this episode that I interviewed my sister who graduated university almost a year ago. Here's the video of our interview (and she said she was nervous to do a Facebook live stream with me, ha!).

My Interview with My Sister About Money After Graduation

Listen to the episode I recorded with my younger sister just after she graduated university: http://jessicamoorhouse.com/53

Join the Community

I mentioned at the end of the episode that I have a private Facebook group all about Money. Life. Balance. We're over 500 strong, and I'd love for you to join us!

Helpful Resources

I spent a good chunk of the past few years creating resources to help you with your money, life and adding more balance into the mix. Check them out on my resources page.

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.

Show notes: jessicamoorhouse.com/90

Feb 8, 2017

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 2, 2017

You don't have to be rich to look fabulous! Podcast listener Christina Proctor shares how anyone can dress for success without breaking the bank.

Long description:

When podcast listener Christina Proctor emailed me about her story and how she became a style coach, I knew I needed to chat with her for a Listener Series episode. I am probably the least fashionable person around, but that doesn't mean I want to be! So When Christina said she could share her expertise on building a solid wardrobe on a real person's budget, I got pretty excited.

Right now, Christina is a style coach as a side hustle (learn more about her at WearOutThere.ca), which I think is awesome. It started out as a passion for fashion and a hobby, developed into a money-making side hustle, and she hopes in the future to turn it into a full-time business.

It's not easy having two jobs (don't I know it!), but as Christina shares, it can also we incredibly rewarding. She's not just having fun and making money on the side, she's also helping women and men find their true personal styles and showing them how to do it without bursting their budget.

Christina shared a number of great tips in this episode, so make sure to check out some of her key pieces of advice below.

Tips to Stay Frugal & Fashionable

  • Stay away from trends, stick with timeless pieces.
  • Shop for your body shape so you don't buy pieces you'll never wear after buying them.
  • Buy pieces that meet your goals. Is your priority to look your best at the office? Then invest in quality pieces for work, and then be more of a minimalist for your off-hours wardrobe.
  • Shop consignment. You can find some great quality and unique pieces at a discount by doing so.
  • Always shop with a list.

Join the Community

I mentioned at the end of the episode that I have a private Facebook group all about Money. Life. Balance. We're over 500 strong, and I'd love for you to join us!

Helpful Resources

I spent a good chunk of 2016 creating resources to help you with your money, life and adding more balance into the mix. Check them out on my resources page.

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.

Show notes: jessicamoorhouse.com/88

Feb 1, 2017

Borrowell co-founder & CEO Andrew Graham shares his expertise on what everyone needs to know about credit scores and borrowing in Canada

Long description:

If you have any questions about credit scores, I guarantee you that they'll have been answered by the end of this episode. I was so fortunate to have been able to interview Borrowell co-founder and CEO Andrew Graham for this episode, because he really is the credit score guru!

Not only did he start one of the fastest-growing Fintech companies in Canada, he also really knows his stuff and gave me quite the education. Which makes it quite obvious how his passion for financial literacy and offering Canadians better options for borrowing led him to co-found Borrowell.

After working for several years in the banking industry, Andrew realized that Canadians were getting into deeper and deeper debt with sky-high interest rates holding them back. He wanted to find a solution that would save people from paying 19.99% interest on their credit card, but still be able to borrow to help them when they really needed it.

We get into more detail about why he started Borrowell, what his company's mission is all about, and most importantly why it's so important to have a firm knowledge of credit and borrowing before you take out any type of loan.

Here's a break down some of the key things we talked about in this episode, with some additional resources so you can know your stuff before you get out your next loan.

Key Things to Know About Credit Scores

  • Credit scores can range from 300-900. Just like a letter grade, the higher your score the better you are (though it's uncommon to actually achieve a perfect 900).
  • The average credit score amongst Canadians is 749.
  • Even if you have a "bad" credit score, you can improve with a few simple changes.
  • Simple changes to improve your credit score include making consistent payments on your credit cards and bills and not always hitting the top end of your credit card limit.
  • Your credit score can update as soon as the next day.

More Helpful About Credit Scores

Get Your Free Credit Score

Want to find out your credit score for free without dinging it? You can now thanks to Borrowell. As I mentioned in this episode, I checked mine after my interview with Andrew. The last time I checked my credit score was when I was getting pre-approved for my mortgage. At the time it was in the high 700s, but when I checked again this time it had gone up to the low 800s (which is quite high for your reference. I even impressed Andrew!). Make sure to check yours at bwll.co/momoneypodcast.

For more podcast episodes, check out the podcast page.

Show notes: jessicamoorhouse.com/87

Jan 26, 2017

Leona joins me for the first Listener Series episode for 2017. She shares her unconventional story of leaving home at 17, starting her career in the trades, owning her own condo at 20, and eventually starting her own construction company and real estate empire. Now, she's happily raising her family and considers herself semi-retired, with the flexibility of working for herself.

Long description:

Episodes like this make me so happy I started this Listener Series on the podcast. Leona was a listener of the show and heard my call out for guests. She sent me the best email with her story that included her moving out on her own at 17, going trade school to start her career, buying her first condo on her own at 20, then eventually starting a construction business and property investment side-hustle with her husband.

She is a great example that you don't need to go to university to set yourself up for success. What it ultimately comes down to is being smart with your money, working hard and never giving up.

Now, Leona considers herself semi-retired and is focused on adding more properties to her portfolio while raising her family and adding more balance to her life.

I think that's one of my favourite parts of our chat together. When she talked about getting up early to have that personal development time, making working out a priority, and doing her daily gratitudes...basically it was everything I needed to hear to get me to do it too. It's easier said than done, and it can be hard when life gets busy, but scheduling those things into your day like Leona does is so important. 

Thanks so much Leona for sharing your story and being such an inspirational guest!

Book Leona Mentioned

Interested in Getting Started with Robo-Advisors?

Leona mentioned she recently moved away from high-free mutual funds and is exploring different investment strategies like index fund and ETF investing. She also mentioned getting into the new trend of using robo-advisors, so I wanted to share two that I personally recommend if you're looking to do the same.

Helpful Resources I Mentioned to Help You Get Your Money & Life on Track

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.

Show notes: jessicamoorhouse.com/86

Jan 25, 2017

Former gambler turned personal finance coach Beau Humphreys shares his story from drowning debt to financial free.

Long description:

It was a random weeknight when I went to the Wealthsimple headquarters in downtown Toronto for their 3rd anniversary party. I was told there would be a donut wall, and I was not disappointed.

Aside from the free donuts and drinks, I got to meet Beau Humphreys. I thought I knew all the Toronto personal finance bloggers, so it was a treat to meet Beau and hear his story at the party. Immediately I knew he had to be on my show.

This episode is very different from any of my episodes, because it deals with a topic that I think most people wouldn't be as brave to openly discuss. Luckily Beau was happy to share his story of getting addicted to gambling at the young age of 11.

There's a slogan by the BC Lottery (where I'm from) that's always stuck in my head: "Know your limit. Play within it." Good advice for sure, but let's get real here. Most people who frequent casinos or the race track on a regular basis know their limit, but are incapable of playing within it. Gambling is as serious an addition as alcoholism or drug addiction. And I think it's incredibly important for anyone dealing with something like this to recognize this and find the help they need.

That's exactly what Beau did. He got professional help and it changed his life. He found out that his addiction stemmed from him having undiagnosed ADD. With that knowledge, he was able to turn his life around.

And now look at him! He's travelling to Kenya for vacation and teaching others how they can get over whatever obstacle to achieve financial freedom.

It's a happy coincidence I'm releasing this episode on Bell Let's Talk Day, which is all about talking openly about mental health. And for that reason I'm going to include some helpful links anyone is looking for someone to talk to.

Helpful Resources

Quotes to Live By

Money problems usually having nothing to do with money. They're about something else in your life that you need to work on [...] Somebody giving you a bunch of money or you making more money isn't going to fix those things.

Money can't buy you happiness, money can't fix your problems.

You're problems probably have nothing to do with the fact that you have debt. You have debt because you have problems.

Episodes You'll Want to Listen to After This

Check Out Some of Beau's Best Blog Posts

Follow Beau Humphreys

For more podcast episodes, check out the podcast page.

Show notes: jessicamoorhouse.com/85

Jan 19, 2017

Helena Liu wanted to learn from Canada's top investing experts — so she started her own online conference to get 20+ of the best together to share their knowledge with her & other Canadians.

Long description:

I met Helena this past summer because she was looking to add speakers to her roster for her first online investing summit — the Canadian Investors Conference. I suggested a few of my favourite Canadian experts, and now several months later the conference is just a few weeks away and registration (which is free by the way) is open to the public.

It's no easy task to start your own conference from scratch, but Helena knew that this was something she had to do. There's a huge lack of education when it comes to investing, especially for beginners, so Helena wanted to create a free summit to help close that gap.

Right now, there are 24 speakers and the online conference runs from Feb. 4 - 9, 2017.

You can register for free at canadianinvestorsconference.com.

More About Helena

Helena started learning and experimenting with investing after graduating university. She started with mutual funds but then start day trading. In the end, she realized that index investing was the right strategy for her, but she was surprised that there wasn't that much information about it online and that most people didn't know all of their options.

That's why she started the Canadian Investors Conference. She wanted to create a free, online event accessible to everyone to educate Canadians about all the ins and outs of investing and building their wealth.

Investing Books You May Want to Check Out

Don't Forget to Register (It's Free!)

For more podcast episodes, check out the podcast page.

Shownotes: jessicamoorhouse.com/84

Jan 18, 2017

Dan Bortolotti, better known as the Canadian Couch Potato, chats with me about all the ins and outs of index fund and ETF investing.

Long description:

For this episode, I interview a man many people know just as the Canadian Couch Potato. Dan Bortolotti started his Canadian Couch Potato blog in 2010, and it has since become one of the go-to online resources for learning about DIY investing.

I can't tell you how many people I know who swear by his model portfolios! And if that wasn't cool enough, Dan recently started his own podcast specifically to teach people about index fund and ETF investing.

Besides being a very popular blogger, Dan is also a financial planner. I was lucky enough to sit down with Dan face-to-face for this interview, and man did he not disappoint. He really does know his stuff and got me fired up to really look at my investments and change things up (which I did and will write about very soon!).

Dan also shares a number of great investing resources that I'm gonna include here, and I hope you all take advantage of the $50 bonus you can get when you sign up with Weathsimple, one of the major robo-advisors in Canada that makes ETF investing...simple.

Helpful Resources

Check Out the Canadian Couch Potato Podcast

Follow Dan Bortolotti

For more podcast episodes, check out the podcast page.

Show notes: jessicamoorhouse.com/83

Jan 12, 2017

Before the holidays, I made the life-changing decision to leave my job and become self-employed. In this episode I share why I chose to quit my job and what I've got planned for the next year.

Long description:

This week, I'm no longer an employee — I'm an entrepreneur. It's crazy for me to even write that because I honestly never thought this would be my reality.

Growing up, I never had aspirations to own my own business. I thought I'd follow the path my parents laid out and would work for a company until I retired.

But...life is hard to predict isn't it.

Even though this wasn't a premeditated decision, it was something I was thinking about doing on and off for the past while. I honestly thought I'd work my 9 to 5 for another year, then maybe take the plunge, but the timing was just right.

You know when everything in your gut and in life is telling you to do something? That's basically what happened in a nutshell and I had to just do it. It's a big risk going on my own, but I really excited for this new adventure.

I will absolutely be documenting this new journey and sharing more solo episodes along the way, but if you haven't already, make sure to check out my blog post that announced my new venture.

For more podcast episodes, check out the podcast page.

Shownotes: jessicamoorhouse.com/82

Jan 11, 2017

Renting is not throwing your money away, and home ownership isn't something everyone has to aspire to. Alex Avery, author of The Wealthy Renter and seasoned financial analyst, shares his insight into why there is a misconception about the benefits of owning a home and why renting might actually make you richer.

Long description:

To kick off season 4 of the Mo' Money Podcast, I chat with a very special guest about one of my favourite topics — homeownership. Alex Avery, the author of The Wealthy Renter, and I chat about the upside of renting and how homeownership isn't for everyone and doesn't have to be.

I've been an advocate for renting for a while, having been a renter myself for close to 6 years. It was the only way my husband and I could afford to live and work in downtown Vancouver and Toronto. If we tried to avoid renting and bought something right away, we'd either be forced to move an hour away or would be chained to a huge mortgage for 20+ years.

Instead, we chose to rent and save up our money so one day we could afford to buy without becoming house poor (which we did this past August).

These are some of the points Alex touches on in his book too. The idea that renting is the equivalent to throwing your money away is outdated and unfounded. Renting can actually mean more flexibility in your life and more space to save more money so you are richer in the end.

For more podcast episodes, check out the podcast page.

Show notes: jessicamoorhouse.com/81

Dec 8, 2016

For my last episode for season 3, I'm so excited to share this very personal solo episode with you! A lot has happened this year, so much so that I honestly didn't remember it all until I took some time to write everything down. And even then I'm not sure if I got everything.

A lot of changes are coming in 2017, which I alluded to in this episode, but I won't be sharing any of that until season 4 in January. So until then, I wanted to spend some time to reflect on all the positive things that have happened in my life and all of the things I've accomplished in 2016.

To recap, here are some of the things I mentioned in this episode:

  1. I rebranded from Mo' Money Mo' Houses to just me — Jessica Moorhouse.
  2. I interviewed some of my all-time favourite money expert: Rob Carrick, Gail Vaz-Oxlade and Bruce Sellery.
  3. I launched my Listener Series for the podcast, to allow podcast listeners a voice so they could share their stories and advice for other listeners.
  4. I made the most side hustle money I ever had (and I've been blogging for 5 years people!).
  5. I started freelance writing again.
  6. I was able to finally afford to invest in my business.
  7. My husband and I bought our first place together.
  8. I've had the most media mentions I've ever had this year.
  9. In the month of November alone, I was featured as a personal finance expert on TV, the radio, a print magazine, print newspaper and online.
  10. I did two public speaking gigs.
  11. I launched the free Rich and Fit Challenge with my business partner Jaclyn Phillips, and got almost 500 registrants.
  12. I hosted and organized my first event — the Millennial Money Meetup.
  13. My husband and I vacationed in Paris (one of my bucket list destinations!).
  14. I had a blast in Portland for a girlfriend's bachelorette party, then went to her beautiful wedding right on the ocean in Vancouver.
  15. I got over my fear of talking to people.
  16. I got over my fear of being on camera.
  17. I made some amazing new friends.
  18. I got my NEXUS card.
  19. I got life insurance for myself and my husband.
  20. My husband and I got a will.
  21. My husband and I celebrated 3 years married and 3 years in Toronto.
  22. I started my Money. Life. Balance. Facebook group.

Ya, that's a lot of stuff! I really do hope that 2017 is a bit less crazy, but I doubt that it will be. One can hope.

One thing that did keep me very busy in 2016 though were all the resources I created. I never promote them as much as I should, but I've created some great spreadsheets and checklists to help you with your money or organizing your life. Make sure to check out my resources page to download them for free.

Other than that, I'm a bit sad that this is the last episode for the season, but I've got a great season 4 ready for you in 2017. The first episode for season 4 will air on Wednesday, Jan. 11, so make sure to subscribe on iTunes or subscribe to my email list so you don't miss an episode!

And again, I know I mentioned this a few times in the episode, but I mean it from the bottom of my heart thank you for your support. Without your kind reviews, comments, tweets and emails, I wouldn't be as motivated to keep making this show better and better. I can't wait to share the new episode I've already recorded for the new season, so until then, have an amazing holiday season, Merry Christmas, and have a fabulous New Years!

For more podcast episodes, check out the Podcast page.

Shownotes: jessicamoorhouse.com/80

Dec 7, 2016

It's a simple concept — do your research to find the lowest rate on an expensive purchase (like life insurance or a mortgage), and you'll thank yourself later. Simple, yet most of us still don't do it. That's why Justin Thouin, CEO of LowestRates, is on a mission to change that costly habit of ours and show us that it doesn't take that much time or effort to save thousands of dollars.

Long description:

It's sadly the final week for season 3 of the Mo' Money Podcast, and this episode is my last guest interview for the season. After this week I'll be taking some much needed time off, then I'll be back with more awesome episodes for season 4 starting Wednesday, Jan. 11.

Since it is the last week for season 3, I've saved one of my best interviews for last. I've been a huge fan and supporter of LowestRates for well over a year now, but this was the first chance I got to interview the start-up's CEO Justin Thouin. I even went to the Lowest Rates offices and brought all my podcasting gear just so I could get to the bottom of why he's so passionate about educating people about the importance of comparison shopping.

It may be common sense to most of us, but the truth is most of us don't actually try to find the best rates on the important stuff. Sure, we'll spend hours trying to find the best deal on a vacation package, but like LowestRates' survey shows, most Canadians don't spend the same time and effort when it comes to finding the best rate for their mortgage. Which is insane because a vacation will cost you maybe $1,500 whereas a mortgage is closer to $500,000! Come on people!

In this episode we also chat about Justin's journey from the corporate world to launching his own company, and taking a big risk to pursue something he believed in. This is a sentiment I can definitely relate to, but I'll leave more details on that until season 4.

That Survey I Mentioned

LowestRates conducted a very interested survey this year to show how few Canadians comparison shop for their mortgage, even though there are so many free resources out there to make it easy! You'll never get the best deal if you don't do your research first! And if we're talking mortgages, finding a lower rate than the one your bank initially offers you could save you thousands of dollars in the long run.

SURVEY: Are Canadians Making Embarrassing Financial Decisions?

LowestRates' Most Helpful Blog Posts

Follow LowestRates on Social

For more podcast episodes, check out the Podcast page.

Shownotes: jessicamoorhouse.com/79

1 « Previous 1 2 3 4 5 6 7 Next » 8