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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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Now displaying: Page 7
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

Oct 19, 2016

I interview Justwealth president Andrew Kirkland about what we as investors need to know about robo-advisors, index funds and ETFs. 

Long description: 

Don't forget to take advantage of today's episode freebie! Receive a special $50 bonus when opening an account with Justwealth by visiting justwealth.com/jessica-moorhouse. I've been getting more and more interested in investing lately, and it could be for a number of reasons.

Firstly, I'm not as young as I once was. Ever since I turned 30 I can't help but feel a sense of urgency when it comes to building my wealth. Retirement is only a few miles away, and I want to be prepared! Maybe I'm exaggerating, but that's sometimes how I feel if I'm honest.

Another reason is that there are a lot of cool things happening in the investment industry — the big one being robo-advisors. The name itself makes it sound like a robot is taking your money and trading it on the TSX floor, but in reality, it's just a more efficient way of investing. You'll be paying less fees and you don't ever have to leave your living room.

Robo-advisors are a big topic lately, especially amongst Millennials since I feel like they are just a natural fit together. But since it is a relatively new idea, I wanted to interview someone who really knew the ins and outs. That person just so happens to have started his own robo-advisor — Justwealth.

For this episode, president of Justwealth Andrew Kirkland breaks down some core priniciples of investing (what's the difference between an index fund and ETF for instance), and what robo-advisors are all about. Enjoy!

Important Things to Note About Robo-advisors

  • Robo-advisors in Canada aren't managed by robots or just some algorithm (though that can be the case for some in the United States). Although there's an online interface and pre-packaged portfolios you're suggested by doing an online survey, there are most definitely humans involved, and yes, you will have to talk to them (though maybe just over email).
  • You won't lose all of your money by using a robo-advisor. Although they are relatively new to the investment scene, they are very regulated in Canada, and their intent is not to scam you. Scamming is bad for business.
  • Robo-advisors deal mainly with exchange trade funds (ETFs), however mutual funds are being slowly integrated into the mix too.

Learn More About Justwealth

Follow Justwealth on Social

For more podcast episodes, check out the Podcast page.

Shownotes: jessicamoorhouse.com/66

Oct 13, 2016

For this Listener Series episode, I chat with Sharifa Samuels who is originally from Ontario but now lives in my hometown of Vancouver. She shares how she was able to travel, pay for her wedding in cash, buy a place in one of the most expensive cities in the world, go back to school, but also aggressively pay down her debt and help her husband to do the same.

Long description:

Sharifa's Awesome Financial Advice for Others in the Same Boat?

  • Write all your debts down, including interest rates and minimum payments
  • Pay yourself first the entire time
  • Choose your payment strategy: highest interest first or smallest balance, based on what makes you feel good
  • Cut expenses!
  • Automate as much as possible
  • Write down and look often at your “Why?”
  • Enrol those closest to you

Read Her Original Blog Interview with Me:

Check Out Some of Sharifa's Best Blog Posts

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/65

Oct 12, 2016

Jason Vitug is an author, entrepreneur, speaker and founder of Phroogal.com, and he's on a mission to teach everyone that financial freedom is possible no matter who you are or where you live. I chat with him in this episode about his latest book, You Only Live Once: The Roadmap to Financial Freedom, and how he went from working in Silicon Valley to road tripping it across the United States to inspire and teach others about the power of personal finance.

Long description:

If you're looking for some #WednesdayWisdom, or just need a dash of inspiration to get you through the rest of the week, this is the episode you've been waiting for. Jason Vitug will get you pumped and ready to take on life, because that's what he's all about. And he doesn't just talk the talk, he walks the walks!

Jason worked his way into a sweet gig in Silicon Valley, a dream to many of us with big aspirations and fantasies about living the good life. But he soon realized that despite having a great job and paycheque, he wasn't happy or fulfilled.

So, he quit everything and went travelling to find some answers. This eventually led him focusing his energy on Phroogal.com (a financial literacy website), writing a book about YOLO, and teaching others about finding purpose in their lives and taking control of their money to make their dreams a reality.

Jason's Best Inspirational Blog Posts

Grab a Copy of Jason's Latest Book

Follow Jason on Social

For more podcast episodes, check out the Podcast page.

Shownotes: jessicamoorhouse.com/64

Oct 6, 2016

For this special solo episode, I share what's been happening on the new homeowner-front since my first episode of the season where I announced that my husband and I bought our first place.

Long description:

In my first episode (and first solo episode) for season 3 of the Mo' Money Podcast, I shared with you the big news that my husband and I bought our very first place. After one failed house hunt two years ago, we restarted our search in July and ended up buying a townhouse in Toronto. Not only that, we were able to put 25% for our down-payment so we could keep our monthly payments as low as possible. Well, since I recorded that episode at the beginning of September, a lot has happened. We've owned our home for 1 1/2 months, and we've already experienced quite a few ups and downs as new homeowners.

Some of the Not So Fun Things About New Homeownership

Overall, we are still super happy with our decision, but it has hands down been the most stressful period in our lives (save for maybe planning our wedding 3 years ago). You know when people warn you that things are gonna go wrong and break when you buy a place so be prepared? Well, they did, and we are seriously so glad we were prepared! At the end of the episode I offer some tips I believe everyone thinking of buying a place should consider. One of those tips was to have a special emergency fund for housing repairs and replacements that you'll need to do right away. For us, we had to replace our washer/dryer and stove within the first week of moving in. How much did that cost is? About $3,000! But we need clean our clothes and cook our food so we had to replace them both ASAP. Luckily, we had the cash stashed away so we could afford it. If we didn't, we may have had to dip into our other emergency funds (for real emergencies or job losses), or had to put them on credit. Since I'm am 100% anti-debt (though now I guess I'm not totally debt-free with my mortgage), that just wasn't an option for me.

How You Can Easily Get Swept Up into a Never-ending Spending Cycle

Besides having to drop some major cash after getting the keys, our place has pretty much been total chaos since we moved all of our stuff in. We've been here almost 2 months and we still have boxes everywhere. Why? Because it takes a lot of time to unpack a house, and my husband and I work pretty much around the clock. I'm hoping that this weekend, which is Canada's Thanksgiving long weekend, I'll be able to get a few major things down around the house, but the list keeps getting longer and longer.

For instance, our place is considered a 2-bedroom with den. However, the den is really just this awkward alcove waste of space. Ideally, we'd like to convert it into something more useful by expanding the second bedroom and adding in a linen closet. But again, in order to even find out if this is a possibility with our housing corporation, we have to hire a contractor to draft up the plans for us. We also have to replace the backsplash in our kitchen. The previous owners had this ugly wallpaper as a backsplash, and one night I just couldn't stand looking at it anymore so I ripped it all off. So now the wallpaper is gone, but I still need to put up a new backsplash.

Then again, the countertops are also pretty ugly. And I don't really like the cupboards either. Maybe we should look into redoing the whole kitchen? You see how being a new homeowner can be chaotic, stressful, overwhelming and expensive all at the same time?

Just So You Know, New Homeownership Isn't All Smiles & High-fives

But I'm not sharing all this with you to scare you! I'm just letting you know that buying your first place does not look like any of these stock photos. Sure, there are some smiles and high-fives. But there's also a lot of hair pulling, teeth grinding, bickering and sleepless nights. 

But Overall, I'm Still So Happy to Be a Homeowner

Even with all that said, I'm still super happy and proud to be a homeowner. It's something I've always dreamed of, and I hope in the future we'll be able to buy more properties to rent out too. And I know it won't always be this chaotic. Things are slowly starting to settle down. For instance, as I type this right now I'm in my very own office, which I haven't had for over 3 years. Even since we moved to Toronto, the living room has been my husband and I's shared office. Now, we finally have some space and privacy. I'll most likely do another update podcast episode at either the 6 month or 1 year mark. Until then, make sure to subscribe to my YouTube channel as I'll be posting some new videos soon all about life as a new homeowner!

For more podcast episodes, check out the Podcast page.

Shownotes: jessicamoorhouse.com/63

Oct 5, 2016

Mrs. Frugalwoods is a testament to what extreme frugality can look like if you do it right. Extreme frugality, very different than minimalism so don't get them confused, is all about financial independence. When you let go of your need or obsession to buy and accumulate stuff, and focus on living simply, buying what you need (not just what you want), and spending your money on what really matters — well, maybe then you'll be able to live on 66 acres in the woods while working remotely too.

Long description:

Not long after I recorded this episode of the podcast with the lovely Mrs. Frugalwoods, I got to meet her in-person at FinCon 2016. In case you don't know, FinCon is a massive personal finance blogging conference, and this year there was over 1,200 attendees so it's a miracle I found Mrs. Frugalwoods amongst the crowd! Mrs. Frugalwoods did not disappoint in the flesh either. She was just as sweet, genuine and friendly as she came off during our interview together. She also has this calmness about her that I seriously want to just bottle up and store (or sell).

The big reason I wanted her on my show is to find out just how she did it. How did she manage to escape the city and live in the woods with her husband and baby. How did she manage to get out of the rat race and world obsessed with materials, and live the simple life like so many of us dream about.

Well, she spills all her secrets in this episode, so make sure to take some notes! A lot has to do with embracing extreme frugality, which she explains is very different than being a minimalist. Definitely something I hope to incorporate a tiny bit more into my life, and you may want to too.

Mrs. Frugalwoods' Best Blog Posts

Follow Mrs. Frugalwoods on Social

For more podcast episodes, check out the Podcast page.

Shownotes: jessicamoorhouse.com/62

Sep 29, 2016

Faced with the reality that she had to pay her own way through university if she wanted a degree, Taylor Milam is a true example that hard work and resilience can really pay off.

Long description:

My third episode in my special podcast listener series features Taylor Milam from San Diego. Her debt story may sound very familiar to you if you had to pay for school on your own, work a few jobs at night and still depend on student loans to finish your degree.

But her story is also a great example of where resilience and hard work can take you. Sure, Taylor had to get student loans to pay for school, but she also worked relentlessly to pay them off as soon as she could. And she did! After only 7 months she was able to pay off $14,000 in student debt.

Now, she's on a mission to help people just like her get out of debt, and more importantly stay out of debt, on her blog The Freedom from Money.

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/61

Sep 28, 2016

It was such a delight to chat with Alison Green from AskAManager.org about her amazing blog and to pick her brain about interviewing as a new post-grad, revamping your resumé, and switching careers. If you're a student, Millennial, or just listening to this episode at work and really wish you weren't at work, this is an episode you will get so much out of. Make sure to check the show notes so you can find out how to submit your work/career questions to Alison too.

Long description:

It was honestly such a dream to chat with Alison Green from Ask a Manager. As I mentioned in the episode, I read her blog religiously the year I moved to Toronto and was trying to switch careers from advertising sales to digital marketing. 

Not only was it a great view into what other people have to deal with in their offices on a day-to-day basis, but she has some darn good advice! Probably the best career advice I've ever gotten. I absolutely credit Alison with helping me revamp my resumé and landing my current job. And it wasn't just a new job I got, I also increased my salary by about about $20,000 compared to the job I left in Vancouver. That's a lot of meatballs! The reason I wanted to interview Alison for this episode is because when it comes to personal finance, a big element is how much you take home. You can only save so much, so if you feel like you're stuck in a dead-end job and not making your worth, it's time to do something about it. It's definitely scary switching jobs or careers, but in my experience it can also be the best decision you could ever make.

Got a Work/Career-related Question for Alison?

I'm not ashamed to say it, I've totally submitted a question for Alison to answer on the blog a few years ago, and she answered it too! It was the coolest thing to get her insight into my situation, so if you want to pick her brain, I highly suggest submitting your question to Alison too.

Alison's Super Helpful Career Resources

Follow Alison on Social

For more podcast episodes, check out the Podcast page.

Shownotes: jessicamoorhouse.com/60

Sep 22, 2016

I hosted and organized my very first event recently, called the Millennial Money Meetup. It was graciously sponsored by EQ Bank, and featured fellow money experts and bloggers Barry Choi, Michelle Summerfield and Daniel Teo. This event was all about creating a community and a safe space for Millennials to get together and talk about something that's generally considered taboo...money. Not only did we get a full house, I got a lot of great feedback and everyone had a rockin' time! This is definitely the first of many Millennial Money Meetups, and I can't wait for the next one.

Show notes: http://jessicamoorhouse.com/59

Sep 21, 2016

This episode is all about fees, and my guest, Transcend Private Client president Chris Ambridge, has a wealth of knowledge to share all about it. We also discussed CRM2, the new amendments coming into play to make it more clear how much we're paying in fees, and we talked about the different ways advisors are compensated, so you have a better understand of why they may suggest certain investment products to you.

Long description:

This episode is all about fees, because even though it paying fees on investments may seem like a little thing...it's not. Like my guest Chris Ambridge, president of Transcend Private Client, mentions in the episode, surprisingly 2/3 Canadians don't know their paying fees. Reality check people, you are paying fees! Everyone pays fees on investments. How else do you think banks and wealth management firms make money?

But even though we are paying fees, and there really isn't any way around that, it's important to know how much you're paying. That's why we also discussed CRM2 and how this will will help clients like us know exactly how much, in dollars, we are paying. It's great to see a percentage, but I think seeing the dollar amount will really help us all know whether we're paying too much for what we're getting.

Hey, I'm fine with paying high fees, if I'm getting a high return. But that's usually not the case. That's why it's important to look over your investments every once in a while to check if you're really get any bang for your buck. If you're paying 2.5% on a mutual fund and only seeing a 4% return, it might be time to look into something else (perhaps Index Funds and/or ETFs?).

More Helpful Info About CRM2

We talked quite a bit about Client Relationship Model - Phase 2 (CRM2), but I wanted to make sure you really understood what all this is all about. CRM2 came into effect July 15, 2013 and has been phased in these past 3 years. Essentially, what these amendments mean is that beginning July 15, 2016, registered financial firms will need to:

Provide an annual report on charges and other compensation that shows, in dollars, what the dealer or adviser was paid for the products and services it provided - Ontario Securities Commission

Basically, these amendments are a way to evoke more clarity when it comes to fees, instead of making it hard for clients to truly understand how much they're paying for their investments. If you want to go further down the rabbit hole, here are some good websites to check out that go more in-depth about CRM2.

Learn More About Transcend's Pay-for-Performance Service

Check Out Transcend's Latest Blog Posts

Follow Transcend on Social

  • Connect with Transcend on LinkedIn
  • Follow & chat with Transcend on Twitter
  • Stay up-to-date on everything investing on Facebook

This episode is sponsored by Transcend Private Client. All the opinions and thoughts are my own.

For more podcast episodes, check out the Podcast page.

Shownotes: jessicamoorhouse.com/58

Sep 15, 2016

My second episode in my special podcast listener series features Lindsay VanSomeren, who is originally from Colorado, but now lives in Alaska with her husband. Her story is also a debt story like my first listener series episode with Amanda from Ottawa, but instead of student debt or consumer debt, she's dealing with housing debt.

And no, not just carrying a mortgage, but the cost of fixing and maintaining a home. I guess some could call this a "Money Pit" situation (any fans of the 1986 Tom Hanks movie?), but what Lindsay is dealing with could honestly happen to anyone. Even if you get a housing inspection, you sometimes don't know what's wrong with the place you've bought until you've lived in it for a little while. It's sort of the dark side of home ownership that doesn't get too much attention.

Luckily, Lindsay was kind enough to share her story, her experience and the lessons she's learned from it so you can avoid getting into a similar situation. Or if you are dealing with a housing nightmare, take some of Lindsay's bits of advice on how to get out of it.

Lindsay also mentioned that one of the ways that helped her pay down her debt was to start freelance writing on the side. She even wrote about it on her very own personal finance blog Notorious Debt, and apparently she made $2,500 in her first four months of freelance writing!

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

Shownotes: jessicamoorhouse.com/57

Sep 14, 2016

For this episode, I chat with a truly wonderful man, who is so full of positivity and financial expertise, I can't believe I booked him for this interview! I'm of course talking about the one and only Bruce Sellery. He's a TV host, author, speaker and business journalist who makes money easy to tackle and kind of fun. In this episode, we talk about his successful career and how it all came to fruition, how he got to become a published author, and what the most important things everyone should know when it comes to personal finance.


This episode of the Mo' Money Podcast is brought to you by WealthSimple. To learn more about the the fastest-growing automated investing service in Canada and to get your special $50 bonus when you open a new WealthSimple account, go to: wealthsimple.com/jessicamoorhouse.

Bruce Sellery is seriously a delight! I was so nervous about contacting him because I'm definitely a fan and just love what he's doing in the personal finance space. But Bruce being the genuine guy that he is, got back to me right away and was such an amazing guest to have on the show. In this episode, we chat about his career, and how it started in the corporate world, led him to become a founding member of BNN, and then eventually a published author, TV host, public speaker and personal finance expert.

If you haven't read Bruce's books yet, I highly recommend them. As I mentioned in this episode, I just love his tone in his writing. I don't know how he does it, but it definitely reads like you're best friend is talking to you and just makes money something fun to tackle with his guidance.

What I didn't include in this episode is a long conversation about dessert. He mentioned apple fritters as his go-to sweet, and for me I'm all about the cupcakes. And I couldn't believe he'd never been to Bakerbots Baking in Toronto before, then again I've never seen an apple fritter there.

Bruce's Books You Need to Check Out

Follow Bruce on Social

For more podcast episodes, check out the Podcast page.

Shownotes: jessicamoorhouse.com/56

Sep 8, 2016

For my first episode in my special podcast listener series. My first guest is Amanda D. from Ottawa. I originally interviewed her in June for my "4 Women Who Will Inspire You to Crush Your Debt" blog post, but I knew I needed to interview her for my podcast. She's an incredible woman who got into $64,000, then got herself out of it through sheer willpower, initiative and hard work.  

Long description:

For my first episode in my special podcast Listener Series. My first guest is Amanda D. from Ottawa who works as a Healthcare Professional. I originally interviewed her in June for my 4 Women Who Will Inspire You to Crush Your Debt blog post, but I knew I needed to interview her for my podcast.

Amanda is an incredible woman who got into $64,000, then got herself out of it through sheer willpower, initiative and hard work. I know her story will be able to inspire, motivate and educate others going through something similar. And if you have 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/55

Sep 7, 2016

Did you miss me? I sure missed you! It was great to take the summer off to take a break from the podcast and record a slew of new episodes for season 3, but a lot has happened these past few months. I share all my big news, including me being a new homeowner, going back to school (again!) and my first ever event aptly titled the Millennial Money Meetup.

Long episode description:

I’m back! Did you miss me? I certainly missed you! But man did I need a break. Not that it was much of a break if I’m honest. All summer I’ve been more busy than I was before I went on a podcast hiatus. I really did think I was going to spend at least most of the summer relaxing, enjoying the weather and recharging. But that didn’t happen. Not by a long shot.

I have a bit of a problem you see. I get a lot of new ideas that pop into my head. And although most of those ideas are total crap, lots of them are good and I go full force in trying to make them happen.

For instance, did I mention I’m a homeowner now? That was an idea I had (well, not a new idea) in June, and it really started taking form in July. I know some of it had to do with me turning the big 3-0, but I also thought “Why not just look? Who knows what’s out there?” My husband was on board, and fast forward to today, I’m now sitting in the living room of a townhouse I own! What the what?

Another idea I had was to do an event. I have a bit of events experience, and I saw that there weren’t any other events in Toronto for millennials about personal finance. I’m incredibly passionate about financial literacy, especially for my generation, so I got a sponsor (thank you EQ Bank!) and have been scrambling to put this event together for mid-September. It’s basically all done except for a few minor details, and I think it’s going to be a pretty good event since we hit maximum registration in only two weeks. And just in case you want to see what this event is all about but can’t attend, I’m going to be livestreaming it on Facebook and making it into a special podcast episode too.

Now, if that wasn’t enough, I thought why not go back to school! I’ve mentioned several times how I would love to become a money coach down the road, and I thought, why not become one now? I’ve got the drive and I want to set up this new side business sooner rather than later. So I’ve enrolled in a program to become an Accredited Financial Counsellor. I just got my textbooks in the mail, so once I’ve got my townhouse more in order, I’m gonna be cracking open those books and studying like hell!

Oh yeah, one more thing. So, I’ve got a blog, I’ve got a podcast, but one thing I don’t have is a vlog. I have a film degree for goodness sakes, but I think I was just too chicken to do the video thing honestly. Well, I’ve learned that sometimes you just need to do it (like with my podcast) and see what happens. Hence, my first vlog below. My younger sister Sarah told me that I’m not really looking at the camera properly, my background is too dark and not pretty enough and in general I should take some time to study her favourite vlogger Estee Lalonde. Fair enough, her videos look incredible.

It’s gonna be a busy end of 2016. Maybe I’ll take a real break in 2017. Here’s hoping.

Shownotes: jessicamoorhouse.com/54

Jun 22, 2016

For this special episode of the Mo' Money Podcast, I interview my younger sister Sarah about what it feels like to have just graduated university, how she managed her money during school and was able to avoid getting into student debt, and what her plans are now that she's a post-grad in the "real world." I also offer some helpful tips on things I learned when I was in my sister's shoes, like how best to search for a job, how much money to have saved up before moving out and how to keep focused without sweating the small stuff.

Jun 1, 2016

In the final episode for season 2 of the Mo' Money Podcast, I do a special solo show to reflect on the 30 biggest lessons I've learned over the course of my 30 years on Earth in terms of money, life and balance.

Long episode description:

This episode of the Mo’ Money Podcast is brought to you by Lowest Rates, who are providing $250 for today’s giveaway! To find the lowest rates when it comes to mortgages, insurance and credit cards visit LowestRates.ca.

Today is a pretty big day for me. It’s my one year anniversary of the Mo’ Money Podcast (with 52 episodes in the frickin’ can!), it’s the end of season 2 of my podcast (season 3 to resume in September), and this week is my birthday week. I officially turn 30 on Saturday, but in my mind my birthday lasts a full week. 

Now, this very special solo podcast episode is based on my blog post about the 30 life lessons I’ve learned before turning 30. I thought it would be cool to not just write about this, but also to explain what I’m talking about verbally. Honestly, as much as I love to blog (I mean I’ve been at it for 4 1/2 years now), I really do feel more myself when podcasting. Maybe it’s because there’s no real room to over think things and I can just say exactly what’s on my mind freely. In any case, I think I might do a few more of these blog posts turned podcast episodes in the future. Plus I realized I really miss doing solo shows.

Shownotes: jessicamoorhouse.com/52

May 25, 2016

The one and only Gail Vaz-Oxlade and I chat about her career as a personal finance guru, TV host and best-selling author. She also shares her top money tips for getting rid of debt, kicking bad financial habits to the curb and leading a more balanced life.

Long episode description:

This episode of the Mo’ Money Podcast is brought to you byWealthSimple. To learn more about the the fastest-growing automated investing service in Canada and to get your special $50 bonus when you open a new WealthSimple account, go to: wealthsimple.com/jessicamoorhouse.

Before I even recorded my first podcast episode almost a year ago, there was one guest I always dreamed of interviewing. At the time I thought it was just that, a dream, but one year and 51 episodes later it’s now a reality!

I’ve been a huge fan of Gail Vaz-Oxlade for years. I obsessively watched Til Debt Do Us Part when I was 24, broke and living in a basement with two equally broke roommates. It was her say-it-like-it-is attitude and helpful advice that motivated me to save as much as I could and stick to a budget during those tough years. I am so thankful for her show and books, and I know I wouldn’t be as financially on track today if it weren’t for her.

I am also thankful that I got the gumption to ask her to be on my podcast early this year, because I think I got her right in the nick of time! Gail has had a long and successful career as a money guru, and she mentions in this episode, she’s going to be taking a step back to focus on other opportunities.

I hope you love this episode as much as I do! And I ardently encourage you to check out some of her helpful resources, her awesome books (Money Talks is a great read!), and join her community on Facebook. And make sure to check back here next week (or subscribe to my email list) for my final episode of the season where I’ll be doing a special solo episode and giving away some prizes to mark my one year podcast anniversary!

Helpful Resources & Tools

Gail’s Books You Need to Read Right Now

Follow Gail on Social

Shownotes: jessicamoorhouse.com/51

May 18, 2016

For this episode, I interview my grandma Audrey, my dad's mom. She has an incredible story, though she may disagree with me. Sometimes it's hard to realize how much stuff you've accomplished and experienced when it's your life, but that's why I love having this podcast. Not only did my grandma immigrate from Scotland to Canada in the 1950s and start a new life with her young family in her early 20s, she was also a teacher for her entire career and was able to save enough to retire at 62. I've never really heard her story from her before this episode, so it was a real treat talking with her, I hope you enjoy it too!

Long episode description:

My grandma Audrey grew up in Insch, Scotland, a village located outside the city of Aberdeen. Growing up as a woman during that time, there weren’t as many options for work as there are now, but my grandma followed her passion and had a long career as a school teacher. Both my grandmas were teachers funnily enough.

When she was in her early 20s, she got married, had my dad (Derek), and moved with her young family to Vancouver, BC, Canada. They bought a house and she was able to find a teaching job fairly quickly, two things that are near impossible nowadays. Seriously, if she had kept her house in Vancouver all this time, it would be worth millions!

After a few years in Vancouver, they moved to Terrace, BC, and my grandma continues to live there along with my aunt (my dad’s younger sister) and my two cousins. My grandma has been living the retired life for the past few decades and now spends her time gardening and painting water colours. She painted this lovely postcard-sized painting of the BC coast for me before I moved to Toronto, I still have it in a frame in my living room (thanks grandma!).

This episode is the first time I’ve ever heard my grandma’s story from her herself. Over the years I’d hear things from my dad, but one of the great things about having a podcast is it gives me a reason to sit down with people and let them share their story with me. I am so grateful my grandma let me interview her, and I definitely plan on interviewing a few more family members soon too! Sometimes it’s the people closest to you who have gone through the most incredible things. Maybe this episode will inspire you to pick up the phone or email one of your family members so you can hear their story. Who knows, maybe you’ll learn something!

Shownotes: jessicamoorhouse.com/50

May 11, 2016

I talk with licensed insolvency trustee Doug Hoyes about the key things everyone should know about debt and bankruptcy.

Long episode description:

I haven’t personally had much experience with debt, having only had a very small student loan to pay off after university (which I was able to crush in less than a year), but the fact is I’m the exception not the rule. Most households have debt, and so I wanted to make sure I did a podcast episode all about it. 

I’ve known Doug Hoyes for a little while as I’ve been a guest on his podcast Debt Free in 30 a few times. He is seriously the nicest guy, and also incredibly knowledgeable when it comes to the world of bankruptcy and insolvency (two very hard words to say if you’re me, apparently!).

In this episode, we go through the basics of debt and bankruptcy, such as the difference between secured and unsecured debt and what a consumer proposal is and then Doug shares some of his tips on what you can do now to avoid going into bankruptcy.

Doug brought up a really good point in the show – you can either look at life and say it’s all about choices, or look at it and say it’s all about circumstance. The reality is life is about choice and circumstance, but I think no matter what your circumstances are, you can always make the choice to better yourself, change courses and rid yourself of debt once and for all.

Like I told Doug, I’ve been debt-free for years and there is seriously no better feeling. If you’re still on your journey to be debt-free, I commend you for your hard work and promise you that life after debt is the best kind of life you could lead.

Helpful Resources & Books

My Favourite Debt Free in 30 Podcast Episodes

Follow Doug on Social

Shownotes: jessicamoorhouse.com/49

May 4, 2016

Jen Hemphill is proof that if there's a will, there's a way to balance family, money and career. Being an army wife isn't easy, especially when you have to move around the country with your family every few years. Most people with spouses in the military have a hard time maintaining a career living this lifestyle, but Jen found a way to have a career, help support her family financially and educate others about the importance of personal finance by starting her own money coaching business. In this episode she shares her story of growing up as a latch-key kid from a humble family, and how that influenced her to be a dedicated stay-at-home mom while pursuing her ambitions to be an entrepreneur who could help other women take control of their finances too.

Long episode description:

Jen Hemphill is an entrepreneur, money coach, mother and army wife, and in this episode of the Mo’ Money Podcast she chatted with me about how she started her own business while juggling the family finances and being a full-time stay-at-home mom. 

I often wondered how people like Jen did it. It’s not easy having to move around the country for your partner’s job, having to start a new life in a new town every few years. I’ve only moved cities once, and honestly, once might just be enough for me! Not only that, being married to someone in the military can mean giving up your career to support your partner’s career. That is not an easy thing to do, though as Jen shares in this episode, it’s not the only option.

Jen figured out a way to have a career that melded perfectly with her life. She started her own business that she could take with her anywhere by being a money coach online. Not only that, she’s really good at what she does! She is just so passionate about helping people, especially women, take control of their finances and set themselves up for a better future, it was incredibly inspiring talking to her.

On top of being a money coach, Jen also has her own podcast and continually makes new resources to help teach others about personal finance. I’ve listed a few resources below, plus my favourite podcast episodes of her’s. Lastly, she also a Facebook group for women who want to take ownership of their financial lives, so if you’re looking for a community that fits this bill, make sure to join!

Helpful Resources & Books

My Favourite Her Money Matters Podcast Episodes

Follow Jennifer on Social

Shownotes: jessicamoorhouse.com/48x

Apr 27, 2016

I talk with Brad Baldridge, college funding consultant and blogger and podcast host of Taming the High Cost of College. It's almost impossible to get a good job without higher education these days, but many people are getting into more debt than they can handle by going to college unprepared. Brad shares his tips on how to be smart with your money, how far in advance you should plan for the costs of college, how you can get free money to pay for tuition and how you can save even more come tax time.

Long episode description:

We all know that gone are the days when you can graduate with a high school diploma and get a good paying job. If you don’t further your education after high school, your opportunities are very limited when it comes to career advancement. Then again, that doesn’t mean you should go to university and resign yourself to a post-grad life with $50,000 in student loans hanging over your head. 

To set yourself up for a successful career, you need to get a higher education, either at technical college or university, and you need to be smart with your money at the same time. That’s what college funding consultant Brad Baldridgeshares as my guest on this podcast episode, and he has a wealth of knowledge when it comes to helping parents and their kids figure out a plan to afford post-secondary education.

Brad shares a number of great tips in this episode, but to summarize just a few of them, here are the 5 most important things to you can do to avoid getting into heaps of student debt and save money on tuition:

  1. If you can, start saving for post-secondary education as soon as possible. If you’re a parent, start putting money away when your kids are still kids. If you’re a student and plan on putting yourself through school, get a part-time job as soon as you can work and be very diligent with saving every dollar you can (it worked for me!).
  2. Don’t assume you aren’t eligible for financial aid. It really does depend on a number of circumstances, so don’t assume but find out for sure if you are or aren’t eligible.
  3. Give yourself a year to apply for scholarships, and be strategic. Don’t just apply to every scholarship under the sun. Pick the ones that suit you the best and put your effort into a really stellar application. You may be surprised by the result!
  4. You may not think you can afford a “name brand” or ivy league school, but you might be wrong. A lot of these schools offer substantial financial aid and you might be able to get a huge discount on tuition.
  5. Tax time is a great time, because that’s when you can take advantage of a number of tax credits and get some of your money back. Not only are there tax credits for tuition, but student loan interest is also tax deductible.

Helpful Resources & Books

My Favourite Taming the High Cost of College Podcast Episodes

Follow Brad on Social

Shownotes: jessicamoorhouse.com/47

Apr 20, 2016

Todd Tresidder from Financial Mentor and I talk about how he was able to retire from his career as a hedge fund manager at early age of 35. But he didn't just put up his legs and relax once he retired, he put his energy into growing a money coaching business from scratch so he could other people find financial freedom just like he was able to.

Long episode description:

Todd Tresidder from Financial Mentor is a numbers guy. It helped him craft a successful career as a hedge fund manager, as well as figure out a way to retire at the ripe age of 35. But his plan wasn’t to just save up a bunch of money and spend the rest of his days on the beach sipping margaritas. Financial freedom to him meant he could finally spend his time doing something he loved. 

What I really enjoyed about talking with Todd was that he was just as open about his failures as he was about his successes. Although society tells us we are to aim for perfection and failure isn’t an option, in reality failure is natural and a big part of succeeding. If we didn’t fail, how would we know what not to do?

That’s a big component of Todd’s story. He started his website back in the 90s when you had to hard code everything. I can’t imagine trying to start an online business without the saving grace of WordPress, so big props to you Todd! It’s gone through a number of evolutions since that time, and he shares that he learned a lot about digital marketing and e-commerce the hard way. It’s great to see that he’s now really hit his stride. No lie, I work in digital marketing for a living and I listen to a ton of marketing podcasts — everything Todd is doing on his website is exactly what the experts are saying to do!

Although Todd admits he made a number of mistakes when it came to his business, every single mistake he made helped lead him to where he is today. Not only is he a top money coach, blogger and podcaster, he’s also a self-made millionaire and living a life most of us are still striving for.

One of my favourite parts of this episode is when Todd stopped the interview to grab a post-it from his computer to share the following Andy Warhol quote that he frequently refers to:

Being good in business is the most fascinating kind of art. Making money is art and working is art and good business is the best art.

I love this quote so much, and man did it really hit home for me when he read it out loud. Growing up, I thought I would be an artist as a career. And I still thought it when I enrolled in film school in my early 20s.

When I had to get a real job and start my adult life, I was honestly a bit ashamed that I couldn’t make a living making art like I thought I would. Well, I’ve been adulting for over 6 years now, and what I’ve realized is that I am making art. My business is my art, and that’s pretty darn cool. Thanks for the quote Todd, it’s now a post-it on my computer too. I’m hoping it will give me that much needed focus so I can attain financial freedom at an early age just like you.

Some Great Financial Resources

My Favourite Financial Mentor Podcast Episodes

Follow Todd on Social

Shownotes: jessicamoorhouse.com/46

Apr 13, 2016

In this episode, I talk with Kristina Wilson from the Real Estate Council of Ontario (RECO) about the most important dos and don'ts when it comes to house hunting. Buying a home isn't as glamorous as all those home buying reality shows make it seem. It's a lot of work, there are a lot of documents to be aware of, and making one of the most expensive purchases of your life should not be taken lightly. Luckily RECO is here to help with experts like Kristina as well as a number of other useful resources to help any homebuyer make a financially responsible decision.

Long episode description:

This podcast episode is all about real estate — one of my favourite topics! If you’re a longtime blog reader, you already know I had quite the experience when my husband and I were trying to buy a house in Toronto last year. After two straight months of house hunting and bidding wars, we decided to take a rest and continue renting.  If you’re not familiar with my house hunting blog series, definitely check out these detailed posts.

My House Hunting Blog Series

Even with that experience still fresh in my mind, over the past few months my husband and I have started talking about looking again. We now realize that owning a house is out of the question if we want to stay in the city, but we can definitely afford to buy a condo or townhouse, especially if we plan on continuing to live in good ol’ TO for the next 3-5 years.

That’s why I’m so excited to share my interview with Kristina Wilson from theReal Estate Council of Ontario (RECO). Kristina has a wealth of knowledge when it comes to real estate buying and selling, and we delve into all the important things you need to know as a potential buyer in this episode. Here are a few takeaways from this episode:

Key Takeaways from this Episode

  • Find a realtor who specializes in the type of property you want to buy instead of a generalist. If you want to buy a condo, find a real estate agent who is an expert when it comes to condos. They’ll know what buildings to stay away from and will help serve your needs better than someone who is more specialized in houses or vacation homes.
  • Interview at least 2 to 3 realtors before choosing one. Ask for references before making a decision, and ask them what their experience is. For instance, how many homes have they successfully helped buyers purchase in the last year?
  • Before stepping foot in a home you think you may want to buy, know how much you can actually afford. This means crunching the numbers, creating a budget with your new mortgage in mind, and getting pre-approved for a mortgage.
  • Calculate your closing costs. Most buyers forget about these costs, but they could make or break your dream home purchase.
  • If possible, make special requests in your offer. For instance, if you really want the home’s washer and dryer, but you fear the owners will take it with them, put it in your offer that you want it to stay with the home.

They are also a number of other great tips in this episode, so make sure to take a listen. But to supplement our interview, I’m including a number of helpful resources below. Happy house hunting!

Helpful Resources If You’re Thinking of Buying a Home

Follow RECO on Social

Shownotes: jessicamoorhouse.com/45

Apr 6, 2016

I interview UFile tax specialist Gerry Vittoratos on what tips we should all know so we can do our taxes like a pro and get the biggest tax refund possible.

Long episode description:

As I mentioned at the beginning of this episode, before I launched this podcast one of the topics I hoped to cover down the road was taxes. You may think that taxes are complicated, intimidating, boring, or maybe you just don’t want to think about them at all. No matter the case, we all have to do our taxes every year, so we might as well educate ourselves so we can get the best possible tax refund.

I still remember the first year I did my taxes on my own. I used UFile to file online and I was terrified. I had no idea where to start and thought the process would take me a few weeks. Luckily at 24 my finances were very simple and UFile was very easy to use, so it ended up only taking me a few hours. Since then, I’ve gotten married and my finances have definitely become a lot more complicated. The one big thing that has changed is I’m no longer terrified of doing my taxes. Every year I continue to learn how to optimize filing my taxes, and in this episode UFile tax specialist Gerry Vittoratos really breaks down the secrets to being a pro tax filer.

Tips on How to Be a Pro Tax Filer

Gerry shares a wealth of knowledge in this episode, so here is a simple list of some of his top tips on how to be a pro filer.

  • Get organized: Gerry mentions this tip throughout the episode because it can effect your experience and your refund big time. I mention my method of using two boxes to hold receipts and documents for my husband and I, and I highly recommend you implement a similar practice too.
  • Scan your documents: Besides having all of your paper documents and receipts in one place, scan them too! Not only is it a great way to digitally archive anything, this makes it way easier to search things too.
  • Take advantage of medical tax credits: There are a ton of tax credits you can take advance of, but some credits that Gerry mentions most people don’t even think about are medical tax credits. Check out the CRA’s website all about what you can claim and how to do it.
  • Read your tax software guide: If you plan on using a tax software like UFile, make sure to read the guide so you can get the most out of it. It sounds so simple, and that’s because it is. So do it!
  • Don’t do something stupid with your refund: Getting a big tax refund is only awesome if you don’t blow it on something you’ll regret later on. Don’t be like so many others and waste your tax refund on a vacation. Make the smarter choice and use it to pay down your debt or invest it.

Blog Posts by Gerry Vittoratos

Super Useful Tax Resources

Shownotes: jessicamoorhouse.com/44

Mar 30, 2016

Retirement planning doesn't have to be boring, and it doesn't mean you have to sacrifice today to afford a better life tomorrow. In this episode, Retirement Answer Man Roger Whitney and I discuss the different strategies you can try to plan for a better, richer future.

Long episode description:

Roger Whitney sure is the Retirement Answer Man. Not only does he have his own personal finance blog and podcastfocused on retirement, he’s also a CFP®, CIMA®, CPWA® and AIF®. That’s a lot of designations, so he I knew he’d be the one to turn to to chat about retirement planning. 

Now, Roger has a very interesting story. I definitely encourage you to watch the video I’ve included below where he goes more in-depth about his background, but for the Coles Notes version Roger is so passionate about educating others about retirement planning because of his mom. You see, he was raised by a single mom who worked tirelessly to provide for her family. Her plan was to work hard today so she could relax and enjoy life in retirement. Unfortunately, she passed away at an early age and was never able to experience that quiet and calm retired life she always dreamed of.

Roger believes you shouldn’t work hard today for a better tomorrow. You should work hard today for a better today, and a better tomorrow. The traditional idea of retirement is that we all work hard and save as much as we can so once we retire at 65+ we can finally enjoy the fruits of our labour. But that’s not realistic is it? Not one of us can predict how long we’ll live, or if we’ll be physically able or healthy enough to have that perfect retired life we see in all those life insurance ads in our twilight years.

That’s why it’s time to chuck that old idea out the door and replace it with a new one. One new idea would be to do mini-retirements like Roger and I discuss. Instead of holding out to travel the world in retirement, why not take a year off from work to travel now, then go back to work after? My friend Stephanie Williams, who was one of my first podcast guests, does this every six months and I know more of us could be doing this too.

As I mentioned earlier, Roger has his own podcast, and he even encourages his listeners to send him questions he can answer in a later episode. If any of you have some specific questions about retirement after listening to my episode, click here to send Roger your question. He’s got over 24 years experience in the field, so I doubt you’d be able to stump him.

Check out Roger Whitney’s Podcast

Grab Some of Roger’s Awesome Resources

Follow Roger on Social

Shownotes: jessicamoorhouse.com/43

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