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 - Financial Independence, Early Retirement & Lifestyle Design
Achieve Financial Independence & Have Fun Doing It
Pursuing financial independence, financial freedom, or early retirement often leads to the same questions: How do I become financially independent? How much should I save? What happens after I reach FI?

FI Minded helps you use money to create more freedom, without turning your entire life into a financial optimization project.

Host Justin Peters explores the decisions behind building a flexible, work-optional life, from reaching financial independence and navigating Coast FI and Slow FI to spending your money, changing careers, stepping away from work, and figuring out what comes after FI.

Each episode combines practical personal finance with conversations about early retirement, lifestyle design, work, spending, healthcare, self-employment, and life after financial independence. The goal isn't simply to reach FI as quickly as possible. It's to make progress toward financial freedom while actually enjoying your life along the way.

On FI Minded, you'll learn how to:
- Reach financial independence without burning out
- Build a flexible, work-optional lifestyle
- Navigate Coast FI, Slow FI, and other paths to FI
- Make smarter decisions about spending and saving
- Prepare financially and emotionally for early retirement
- Figure out what life can look like after financial independence
- Think through the tradeoffs behind major money and lifestyle decisions
- Make progress toward financial independence while actually living your life.

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), Rachael Camp (Work Optional), Jillian Johnsrud (Retire Often), Sean Mullaney (FI Tax Guy), Jill Sirianni (Frugal Friends), Jackie Cummings-Koski (Catching Up to FI), Joel Larsgaard (How to Money), Cody Garrett (Measure Twice), Jesse Cramer (Personal Finance for Long-Term Investors), Jess (The Fioneers), Chris Hutchins (All The Hacks), Diania Merriam (EconoMe), Andy Hill (Marriage Kids Money), Fritz Gilbert (Retirement Manifesto), Maggie Tucker (Inside Out Money), Cody Berman (The Financial Independence Show), Joe Saul-Sehy (Stacking Benjamins), Doug Cunnington (Mile High FI), and and others helping you rethink how to approach financial independence.
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