Episode 28

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Published on:

15th Feb 2021

Helpful Money Advice that Will Have You Feeling More Confident | E28 Tracey Bissett

Why don’t we feel better equipped to handle our finances when we get into the real world?

My guest today is working to solve that issue. On the show with me is Tracey Bissett, President and Chief Financial Fitness Trainer at Bissett Financial Fitness.

Tracey has over 20 years of experience in the financial services industry and after moving on from her successful career in banking, she’s now focused on helping young adults and entrepreneurs achieve their financial goals. 

Tracey is also the Host of the Young Money Podcast: an advice show for young millionaires in the making which she started over 3 years ago and now has over 120,000 downloads.

My goal by the end of this conversation is to have you feeling more confident about growing and using your financial skills.

 

Show Notes:

[1:39] What is financial fitness?

[3:25] Why is money so mysterious and what are schools doing to change this?

[10:29] Having money conversations with your roommates

[14:39] How Tracey got started in entrepreneurship

[23:45] What are young adults doing well with money?

[28:06] What is credit and what factors create my credit score?

[30:38] Tackling students loans

[34:55] Tips for creating your side hustle

 

Favorite Quotes:

[2:39] “We can’t change where we are starting but we can certainly change where we end up.”

[32:21] “Getting a $1,000 scholarship will save you about 70 hours of work.”

[37:21] “Whenever I’m in doubt and don’t know how to approach something, I always ask Google.”

[49:19] “Be purposeful. Make sure your life is filled with the things that you like and use your money as a tool to get you there.”

 

Mentions:

Young, Fun & Financially Free: Live the good life now and build a kick-ass future! By Leanna Haakons (https://www.amazon.com/Young-Fun-Financially-Free-Kick-Ass/dp/0998854638)

Check your credit score at AnnualCreditReport.com

Young Money Scholarship Fund (https://www.bissettfinancialfitness.com/ym-scholarship-fund/)

 

More of Tracey:

LinkedIn: https://www.linkedin.com/in/traceybissett/

Young Money Podcast (https://www.bissettfinancialfitness.com/category/podcast/)

 

More of TSIR:

Find show notes and more at https://www.tsirpodcast.com/

Follow us on Instagram at https://www.instagram.com/tsirpod/

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About the Podcast

FI Minded: Achieve Financial Independence & Have Fun Doing It
Achieve Financial Independence & Have Fun Doing It
Want to achieve financial independence without missing out on the fun?

FI Minded is for anyone who wants to achieve financial freedom, live life on their own terms, and, most importantly, enjoy the journey along the way!

Whether you’re just starting to think about financial independence or already deep into the process, FI Minded gives you the tools and inspiration to make FI a reality - without giving up the things you love.

Each episode, we’ll cover topics like:
*Financial Independence Strategies: Simple, actionable advice to reach FI faster (if that’s your goal).
*Work Optionality: Transitioning from the corporate grind (no more "one more year syndrome") to a life of freedom and flexibility.
*Lifestyle Design: How to build a life that aligns with your values, goals, and dreams.
*Stories from the FI Community: Real people sharing their journeys to FI and what they’ve learned.
*Fun with FI: How to save your future and enjoy your current life through CoastFI, mini-retirements, travel, or just making the most of your time.
*Fighting Burnout: Balancing saving for your future while staying mentally healthy.

Some of our past guests include:
Carl Jensen (1500 Days), Jeremy Schneider (Personal Finance Club), Nick Loper (Side Hustle Show), Andrew Giancola (The Personal Finance Podcast), Jordan Grumet (Earn & Invest), Jill Sirianni (Frugal Friends), Jacking Cummings-Koski (Catching Up to FI), Jesse Cramer (Personal Finance for Long-Term Investors), Diania Merriam (Optimal Finance Daily), Rachael Camp (Work Optional), Jillian Johnsrud (Retire Often), Sean Mullaney (FI Tax Guy), Joel Larsgaard (How to Money), Erin Lowry (Broke Millennial).
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