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Mo' Money Podcast

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.
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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

Nov 30, 2016

Heather Payne, founder of Ladies Learning Code and HackerYou, proves you really can do whatever you want when you grow up, as long as you aren't afraid to take risks, do something completely new and really put your heart and soul into it.

Long description: 

I learned about Heather Payne after I took one of her Ladies Learning Code classes, and man is she one inspirational lady! She's one of the youngest female entrepreneurs I know, having founded both Ladies Learning Code and HackerYou in her 20s. If that's not impressive enough, she's also an angel investor and was named one of Canada's 100 Most Powerful Women. The fact that she's so down to Earth is pretty baffling, but she is. She's pretty much the whole package!

For this episode, we chat about how Heather took her idea of maybe one day being her own boss to full on turning her side hustle into her full-time hustle. I think this is something a lot of us can relate to, so it's very cool to hear from someone who has successfully made the jump from 9-5 with a second job on the side to successful entrepreneur in only a matter of a few years.

It just goes to show the power of actually taking action. I'm sure we all have ideas we'd love to realize, but most of us never do anything about them do we? We shouldn't be afraid to try new things and take risks, and I have a feeling I'm going to be taking a page out of Heather's guidebook very soon.

What Is Ladies Learning Code?

I seriously upgraded my coding skills by doing the Ladies Learning Code night classes, and it's a big reason I wanted to chat with Heather for this podcast. Coding was literally a foreign language to me, and the thought of being taught about it with a bunch of advanced coders terrified me. But Ladies Learning Code is a super non-threatening program that really breaks it down into something digestible. Honestly, without learning the basic HTML and CSS skills I learned in the program, there is no way I could have make rebranded my website into what it is today. So check it out, there are courses throughout Canada!

Follow Heather on Social

For more podcast episodes, check out the Podcast page.

Shownotes: jessicamoorhouse.com/78

Nov 24, 2016

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

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

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

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

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

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

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

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

For more podcast episodes, check out the Podcast page.

Shownotes: jessicamoorhouse.com/77

Nov 23, 2016

Think you've gotta be rich to retire early? Then you haven't heard Anita Dhake's story about how she was able to retire at 33.

Long description:

Just to warn you, this podcast interview with Anita Dhake may make you want to hoard all of your money and live as frugally as possible so you can retire early too. From the sounds of it, early retirement does not disappoint. Who wouldn't want to live the life they want right now, instead of waiting until 65 or later? 

As I mentioned in this episode, I stumbled upon Anita and her amazing story by just doing some research online. And I'm so glad I did find her! Not only is her story super inspiring, how she explains it, it's not that far-fetched. Yes, it helped that she worked as a lawyer and thus made a good salary. But still, early retirement isn't just something rich people can afford to do.

If you take some of her bits of advice, maybe check out the book she's read twice, and just have a plan and take action, you might be able to retire way earlier than you thought.

4% Rule Explained

According to Investopedia:

The four percent rule is a rule of thumb used to determine the amount of funds to withdraw from a retirement account each year. This rule seeks to provide a steady stream of funds to the retiree, while also keeping an account balance that allows funds to be withdrawn for a number of years. The 4% rate is considered a "safe" rate, with the withdrawals consisting primarily of interest and dividends.

 

Anita's Book & Blog Recommendations

Anita's Tips to Retire Early

  • Realize what you want with your life. The life you want will determine the amount of money you need to retire early.
  • The less money you need, the sooner you can do it. The sooner you feel rich, the sooner you can live the life you want to live.
  • Limit your vices, and pick and choose to spend money on things that give you joy.

Follow Anita on Social

For more podcast episodes, check out the Podcast page.

Shownotes: jessicamoorhouse.com/76

Nov 17, 2016

It's not too often you get to interview your namesake! For this Listener Series episode, I chat with Jessica Watchorn, a Toronto artist and podcaster over at the Art Pro Podcast, about keeping it real financially, paying off a ton of debt and pursuing your dream career.

Long description:

It's not too often you get to interview your namesake for a podcast episode, so it was a real treat to chat with Jessica Watchorn for this Listener Series episode. And not only do we share a name, we have very similar stories, both currently live in Toronto and have our own podcasts!

Similar to my background, Jessica went to art school in Montreal to study painting in the hopes of becoming an artist. She of course realized after graduating with her degree that pursuing a career in the arts, no matter how talented you are, was no easy feat. 

But that didn't stop her. Nor did the $40,000 debt that she owed from her education. So what did she do? She got a job as a cook in a restaurant to pay her bills and debts, formed a community of other likeminded artists through her Art Pro Podcast, and focused on making her art on her off hours.

As we talked about on the show, it doesn't matter how much you make at the end of the day. Your income shouldn't rule how you live your life. Jessica wants to be an artist, and that's exactly what she is and what she's doing. She may not be making her ideal salary right now, but she's able to afford the city life while pursuing her passion — now completely debt-free I might add. You go Jessica! Keep up the amazing work! Hopefully I'll be able to commission a painting from you one day.

Jessica's Top Money-Smart Tips

  • Tracking your spending. Jessica realized she was spending ridiculous amounts of money on small things at dollar stores that she had no idea about. Once she started tracking her spending, she found a way to save 50% of her income.
  • Pay yourself first. When she gets paid, she immediately puts 50% of her pay into savings, and then uses the rest to pay for living expenses and bills. 
  • Don't use your credit card for your day-to-day spending. Get in the habit of using cash or debit. It really does help you curb unnecessary spending.
  • Be aggressive with your debt payoff plan. Remember, the faster you pay off your debt, the less money you'll have to put down.
  • There's nothing more motivating than seeing your savings accounts grow. 

Jessica's Finance Book Recommendation

Early Retirement Extreme by Jacob Lund Fisker

Check out Jessica's Podcast

Make sure to subscribe and leave a review on iTunes for Jessica's awesome Art Pro Podcast! And don't forget to check out her beautiful Instagram account or join her Art Pro community.

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

For more podcast episodes, check out the Podcast page.

Shownotes: jessicamoorhouse.com/75

Nov 16, 2016

I chat with LaTisha Styles who went from trying to make a living after graduating university during the recession to now working for herself and loving every minute of it.

Long description:

LaTisha Styles is proof that you don't have to be stuck on one particular path even if it seems like the odds are against you. Getting a degree in Spanish and trying to grow her career during the recession wasn't easy, but instead of throwing her hands up and giving in, LaTisha powered through and is now banking serious bank!

How I got to know LaTisha was through her YouTube channel. There really aren't that many people making interesting personal finance focused videos these days, but she got the formula right. It's not surprise she has close to 8,000 YouTube subscribers! LaTisha is funny, entertaining, but at the root of it she just offers some really good advice. Simple stuff like trying the envelope budgeting method. Or only buying stuff on her list and avoiding going to the mall as a social activity. Simple stuff we can all integrate in our lives right now to start saving a bit more.

But as I mentioned in this episode, there comes a time when there's nowhere else to cut back. You can only budget so much, and when you get to that point, it's time to start looking at other avenues to make money. For me, I've always had a second (or third) job on top of my full-time job. Honestly, if I didn't have my side hustles, I know I wouldn't be where I'm at right now financially.

So if you're in need of some major motivation and some helpful tips on how to fix your finances, make sure to check out LaTisha's YouTube channel and website. And if you consider yourself an Actionista and want to follow in LaTisha's footsteps towards entrepreneurship, she has an awesome Facebook group you need to check out.

LaTisha's Top Money Tip

You have to become the type of person who can handle more money [...] Continue investing in yourself, in your knowledge. Read books from people who have been where you want to go [...] Just learn more.

Follow LaTisha on Social

For more podcast episodes, check out the Podcast page.

Shownotes: jessicamoorhouse.com/74

Nov 10, 2016

For this special Listener series episode, I chat with Erika from Red Deer, Alberta about how she experienced extreme poverty in her childhood, was later adopted to a new family with her brother and had to accept the news that she had MS in her early 20s. She's had to overcome a number of obstacles in her young life so far, more than most people ever have to deal with. But despite that fact, her optimism is infectious and she's proof that when there's a will there's a way, and it's never too late to start managing your money right and crushing your debt.

Long description:

Erika emailed me a little while ago answering my call-out for more interviewees for my Listener Series, and I'm so glad she did. Talk about a strong woman who has overcome some major life challenges. Not only did she have to experience extreme poverty as a child, then foster care, then being adopted to a new family, she was also diagnosed with MS in her early 20s.

It's not surprising that she struggled with striking a balance between living frugally and spending her money freely to live in the moment. Luckily, she soon realized that YOLOing it up wasn't the answer, nor was living like an extreme cheapskate. She needed to find a system that worked that gave her clarity, freedom and balance.

Now she's well on her way from being debt-free, and I absolutely have it in my calendar to see if she achieves her goal of crushing her debt by this time next year. Actually, I hope to follow-up with all of my Listener Series guests to see how they're all doing in a year's time, how cool would that be!

Thank you Erika for sharing your story with me and to all of the Mo' Money Podcast listeners. You are a rockstar, so keep up the great work!

Erika's Budgeting Go-to Software

YNAB (You Need a Budget)

Her Words of Wisdom on Living with MS

I really just want to get rid of that stigma of [living with MS] being shameful. 20 plus years ago it was very much don't tell anyone...it was a black mark. It's no longer that way and I want to work towards making sure that people no longer feel that way about it.

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

For more podcast episodes, check out the Podcast page.

Shownotes: jessicamoorhouse.com/73

Nov 9, 2016

Credit card expert David Rubsenstein (from CreditShout.com and CreditForums.com) chats with me about the most important things people need to know about credit reports, credit scores and credit cards. If you're looking for an in-depth podcast episode about credit that really gets down to the knitty-gritty, you found it!

Long description:

This is by far the most in-depth episode about credit cards I've ever done, so I hope that's is exactly what you're looking for! For this episode, I chat with credit card expert David Rubenstein from CreditShout and CreditForums and we get into all the important stuff you should know about credit.

Now, we cover a lot of ground in this episode, but I an important thing I wanted to reiterate is the importance of checking your credit report once per year. In Canada, you can get free reports from Equifax Canada and Transunion Canada. In the U.S., you can get free credit reports from Experian, TransUnion and Equifax. Not only is this a way to help prevent against identity theft, it's just a good way to keep on top of your credit.

Helpful Posts on CreditShout

What Kind of Card Does David Use?

I was interested to hear that even though David has such a vast knowledge of all the credit card sign-up offers and benefits around, he doesn't play the credit card churning game at all. Instead, he just keeps it simple and uses a 2% cashback credit card.

Follow David on Social

For more podcast episodes, check out the Podcast page.

Shownotes: jessicamoorhouse.com/72

Nov 3, 2016

Rachel Jimenez is saving 40% of her income, got 60K in scholarships and bought her first house at 24. Find out how she did it by listening to our podcast episode together.

Long description:

Rachel Jimenez is certainly giving me a run for my money! This girl go $60,000 in scholarships, which paid for both her bachelor's and master's degrees. She also was able to save enough to buy her first home at the young age of 24. And if that still doesn't impress you, her and her husband are saving 40% of their income so they can retire early.

This girl is living the dream, and I am so glad she emailed me to share her story for my Listener Series!

Resources Mentioned by Rachel

Rachel's Tips for Success

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

For more podcast episodes, check out the Podcast page.

Shownotes: jessicamoorhouse.com/71

Nov 2, 2016

I chat with Erin Bury, who was not only listed under Marketing Magazine's 30 Under 30, but also grown her personal brand so big...even Oprah noticed. For this episode of the Mo' Money Podcast, I chat with Erin about what she learned about what not to do with her money in college and why she decided to change career paths from journalist to small business owner.

Long description:

"Millennials are not lazy entitled, losers and we actually have a lot to say," - Erin Bury. Officially my favourite quote from one of my podcast guests!

The big reason I wanted to chat with Erin is because she is such a good example of where hustle can take you. She's gotten to where she is in her career because she worked hard, tried new things and took some major risks.

For instance, when I asked her how she got to be one of Marketing Magazine's 30 Under 30, she said she nominated herself. I bet most people wouldn't have even thought of doing that, and while those people are waiting for someone to just give it to them, Erin went out and got it for herself. You go girl!

I also love how she advocates for everyone to work on their personal brand. As I mentioned, for my day job, part of it entails teaching professionals how to craft their personal brand to win new business. But if you're not looking for clients, you could still find a new job or a new gig just by putting some time and effort into your social profiles and pitching yourself as an expert to the media.

All I know is I can't wait to see what Erin's accomplished when she gets listed for 40 Under 40!

That Agency or Porn Campaign Erin Mentioned

Tidbits of Advice from Erin

  • Put time and effort into crafting your personal brand. That's how you'll stand out from the crowd when applying for jobs or starting your own business.
  • Find a mentor to help you find out what direction you want to go into for your career or learn new skills.
  • Pay it forward, either by investing in future entrepreneurs or becoming a mentor yourself.

2 Great Websites to Help You Find a Mentor

Erin in the News

Follow Erin on Social

For more podcast episodes, check out the Podcast page.

Shownotes: jessicamoorhouse.com/70

Oct 27, 2016

For this special Listener Series episode, I interview David from Texas who shares his debt story and how he got out of it by sticking to a cash-only diet.

Long description:

After listening to my Listener Series episode with Amanda from Ottawa, David from Texas answered my call out to be on my podcast, and I'm so glad he did. I feel like his story is so relatable, and yet I don't think I've ever interviewed anyone who paid off $40,000 in debt in only 14 months, then stuck to a cash-only diet for good after that.

I'm serious in that after listening to our conversation again, I kind of want to try to live off cash only for a month or two to see how many spending and savings are affected. I do try to use debit for all my day-to-day spending, but I do lean on my credit cards from time-to-time.

I hope you find this episode as inspiring as I did, but since David has so many good sound-bites, I've included a few gems below. Thanks again David for joining me on the podcast, and I mean it, you should start your own. Your voice and charm are gold!

David's Words of Wisdom

It is possible, if you believe it's possible...You have got to be focused and you have got to treat [paying down your debt] like it's a life and death situation.

David's Top Money Tips for People in Debt

  • Get serious about it
  • Start with a budget
  • Look after your taxes
  • Track your spending
  • Believe it's possible
  • Prayer works

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

For more podcast episodes, check out the Podcast page.

Shownotes: jessicamoorhouse.com/69

Oct 26, 2016

Canadian personal finance expert Rubina Ahmed-Haq and I chat about how her upbringing helped her understand how to manage money at a young age, and how her career as a journalist eventually led her to become a popular Canadian personal finance expert and TV personality.

Long description: 

For this episode of the Mo' Money Podcast, I chat with Canadian personal finance expert Rubina Ahmed-Haq. She blogs over at Always Save Money, but she's been in the finance game for a long time. She started out as a journalist, but after years in the industry she realized her passion was for personal finance. Now, instead of being a foreign correspondent for ABC News, you can find her on almost any Canadian news station as the go-to money guru.

Besides talking about her transition from journalist to expert, we also got into why she got so into personal finance from the first place. And it was largely her upbringing that made her so financially savvy. Although many of us aren't included in money conversations as kids, Rubina's family talked about it openly. This helped her get a grasp of the finance basics earlier than most people, and it definitely inspired me to make money an open topic for discussion when (or if) I have a family in the future.

We also chatted a bit about values, and how many people and families have values that are out of whack so to speak. We shouldn't be focusing on giving our kids whatever they want, and spending money on them to show them we care and that we're good parents. That is not going to set a good precedent for when they grow older. They need to understand the value of a dollar and the importance of managing it and spending it wisely. That's something I got from living in a frugal family, and honestly, I know it's a big reason why I didn't get into credit card debt or live paycheque to paycheque. Some food for thought I hope.

Follow Rubina on Social

For more podcast episodes, check out the Podcast page.

Shownotes: jessicamoorhouse.com/68

Oct 20, 2016

For this Listener Series episode, I chat with Heidi from my hometown of Vancouver about how she manages living in an expensive city, working as a freelance theatre manager and crushing her consumer debt, without giving up on enjoying her money and her life.

Long description:

Can I just say how much I am loving this Listener Series? It may have been one of my best ideas! One of the perks of having a podcast I guess, I get to talk to so many amazing people and see how they do things. 

And one of those amazing people is Heidi from Vancouver. It honestly warmed my heart when she mentioned things like B.C. Ferries and the PNE! Ah, my hometown! I sure do miss it. What I loved about chatting with Heidi was she was proof that you can live a good life while being a freelancer in the arts industry. I was honestly afraid that I'd be a poor artist all my life, which is a big reason why I looked for a regular 9-5 gig after completing my film degree. But Heidi is fearless and has crafted a career where she gets to do what she loves and get paid for it.

Below are a few things that Heidi mentioned on the show that you may find useful. And remember, if you're a listener and want to be on my show, just email me!

Free Ways to Entertain Yourself

  • Heidi mentioned a free way to listen to audiobooks, and it's called LibriVox. Check it out!
  • You may already know this one, but I still take advantage of all the free movies, TV shows and books at my local library, so you should too.

Heidi's Top Money Tips for Freelancers

  • Pay yourself an income. You can figure out how much income you should pay yourself by looking at how much you made the previous year and then rounding down that number, and then calculating the minimum amount of money you need to live on.
  • Don't be ashamed. This goes for talking about your financial situation, how much you make or how much debt you're in.
  • Talk to others about money. The best way to learn about money and get better at managing it is to find out what others are doing with it.

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

For more podcast episodes, check out the Podcast page.

Shownotes: jessicamoorhouse.com/67

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