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TRANSCRIPTION WITH SPEAKERS
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[00:00] SPEAKER_01: It's Toronto's podcast on the Canada's podcast network.
[00:05] SPEAKER_00: Hi everyone, I'm Sleen Williams, an international speaker and business strategist and I'd like
[00:10] SPEAKER_00: to welcome you to Toronto's podcast.
[00:13] SPEAKER_00: We are part of the Canada's podcast network, your source for great insights for entrepreneurs
[00:17] SPEAKER_00: from across Canada.
[00:19] SPEAKER_01: Today I'm with Tracy Bissett from Visit Financial Fitness.
[00:23] SPEAKER_01: Tracy's on a mission to redefine the economic future of the world by addressing financial
[00:28] SPEAKER_01: literacy of young adults and entrepreneurs.
[00:31] SPEAKER_01: She does this through her weekly podcast, Young Money, the advice show for millionaires in
[00:35] SPEAKER_01: the making, teaching and delivery of financial courses, coaching and consulting.
[00:40] SPEAKER_01: A native of Nova Scotia, she holds a B-com MBA and is a CFA charter holder.
[00:45] SPEAKER_01: She loves her golden retriever Rosie, who I've met and is amazing, roller coasters and
[00:50] SPEAKER_01: music especially live concerts.
[00:52] SPEAKER_01: Tracy I'm really excited to have you on the show today.
[00:54] SPEAKER_01: Thanks for being here.
[00:56] SPEAKER_01: Thanks Sleen, it's my pleasure.
[00:57] SPEAKER_01: This is always fun when I get to interview someone who I've been on your podcast and I
[01:02] SPEAKER_01: get to turn the tables a little bit so I'm excited about this.
[01:05] SPEAKER_01: Yeah, it should be fun.
[01:07] SPEAKER_01: So tell our listeners a little bit about what you do and what kind of got you into the world
[01:13] SPEAKER_01: of entrepreneurship because quite often, especially people with some of the formal education
[01:19] SPEAKER_01: that you have, they don't step into this world.
[01:22] SPEAKER_01: They really go the root of consulting or working in big companies.
[01:25] SPEAKER_01: I'm really curious what may do the side to go a totally different route.
[01:30] SPEAKER_02: Absolutely.
[01:30] SPEAKER_02: And so I'll start when I was a kid.
[01:32] SPEAKER_02: No, I will go quickly.
[01:34] SPEAKER_02: No, take your time.
[01:36] SPEAKER_02: When I was a kid, I realized I loved money and I wanted to do things with money and we
[01:43] SPEAKER_02: had everything we needed in my family.
[01:46] SPEAKER_02: My dad had a good job.
[01:47] SPEAKER_02: My mom stayed at home and lots of times when I would ask for money to go to the store to
[01:52] SPEAKER_02: buy some candy or chips or whatever it might be or when I got a little bit older, some
[01:57] SPEAKER_02: books, the answer being no, we don't really have money for that right now.
[02:00] SPEAKER_02: So I knew we had money for the things that we needed, but I also knew that if I wanted
[02:04] SPEAKER_02: to go and get those extra things, I had to figure out a way to do it.
[02:08] SPEAKER_02: So my friend and I for quite a few years, like we came up with all kinds of different little
[02:12] SPEAKER_02: businesses in our youth to make some money.
[02:15] SPEAKER_02: Some days the goal might have been like 50 cents.
[02:18] SPEAKER_02: Other days it might have been like five bucks, but we would have little lessons for other
[02:23] SPEAKER_02: children in the neighborhood and we would get their parents to pay us.
[02:26] SPEAKER_02: So it was really babysitting for those parents, but we were doing things to make money.
[02:31] SPEAKER_02: We'd have lemonade stand yard sale.
[02:34] SPEAKER_02: We even had a newspaper called Flashing News.
[02:37] SPEAKER_02: We'd go around and interview people in our neighborhood and then get our dads to
[02:41] SPEAKER_02: photocopied at their office and then we would go and sell it to the neighbors.
[02:45] SPEAKER_02: And so I was doing that for a while and then when I got a little bit older, I started
[02:48] SPEAKER_02: having, I was about 14, 15, had a company looking after people's houses when they were
[02:53] SPEAKER_02: away in their pets, watering plants, taking a mail, just doing kind of searches around,
[02:58] SPEAKER_02: make sure everything was okay.
[03:00] SPEAKER_02: Even subcontracted out to my brother to do the loin mowing if they were away for quite
[03:04] SPEAKER_02: some time.
[03:05] SPEAKER_02: And so really got on that kind of path.
[03:08] SPEAKER_02: I also was involved with junior achievement.
[03:10] SPEAKER_02: So anybody who's listening, if your kids are in an interview,
[03:14] SPEAKER_02: have a chance to be in it.
[03:15] SPEAKER_02: Certainly a great program and I learned how to sell.
[03:18] SPEAKER_02: And so I really learned how to be resilient to not take no for an answer and learn a lot
[03:24] SPEAKER_02: about business.
[03:24] SPEAKER_02: So it really got me on that path and I liked business.
[03:27] SPEAKER_02: So I mean, you've talked about my formal education.
[03:29] SPEAKER_02: So I went on to business school.
[03:31] SPEAKER_02: And then I got recruited at my MBA on campus to go start working at TD Bank.
[03:36] SPEAKER_02: So I did go to the corporate journey and I had a long successful career with them for
[03:41] SPEAKER_02: 16 years in the areas of commercial lending.
[03:44] SPEAKER_02: So I was working with entrepreneurs and helping them get access to financing.
[03:48] SPEAKER_02: And then I spent quite a few years in risk management approving loans for those companies.
[03:53] SPEAKER_02: And so I felt it was a bit far away from the entrepreneurs at that point.
[03:56] SPEAKER_02: So still fun and enjoyable, not necessarily as fun as it was when I was dealing with them
[04:01] SPEAKER_02: directly.
[04:03] SPEAKER_02: And then there came a time TD was doing a lot of restructuring and unfortunately my job
[04:07] SPEAKER_02: was one of them.
[04:08] SPEAKER_02: And I say unfortunately, but probably it was fortunately for me.
[04:12] SPEAKER_02: I took some time after that.
[04:14] SPEAKER_02: I had a really fair severance when I left them.
[04:17] SPEAKER_02: And I took a lot of time to figure out what is it that I'd like to do throughout the course
[04:21] SPEAKER_02: of my time at TD.
[04:23] SPEAKER_02: I'd been really active in helping youth especially learn about money and financial literacy has
[04:29] SPEAKER_02: always been a passion of mine.
[04:31] SPEAKER_02: So I thought how can I take all the things that I like together, entrepreneurship, young people,
[04:38] SPEAKER_02: helping people understand money, making complex things, simplified.
[04:43] SPEAKER_02: And I thought I would give it a shot on my own.
[04:45] SPEAKER_02: And so now I work with young adults primarily through the podcast raising awareness and education
[04:50] SPEAKER_02: around money and directly one-on-one and in group programs with entrepreneurs to help them
[04:56] SPEAKER_02: understand their finances and their business and be able to use those numbers to take control
[05:01] SPEAKER_02: of the companies and move forward the way that they want to and really get the stress out
[05:05] SPEAKER_02: of it, get the anxiety out of it.
[05:07] SPEAKER_02: So I thought if I could do that, I have a lot of years to work.
[05:10] SPEAKER_02: Why not see if I can shape my own destiny going forward?
[05:14] SPEAKER_01: I love that.
[05:15] SPEAKER_01: I think that's, I mean, I think it's, as an entrepreneur myself, obviously very exciting
[05:19] SPEAKER_01: for personal reasons, but I think it's also very inspiring to people to hear that you
[05:24] SPEAKER_01: can come from one path, change paths, you know, create your own destiny, focus on the things
[05:30] SPEAKER_01: that you love and make it work, which is exactly what you've done.
[05:34] SPEAKER_02: Yeah, and it's absolutely, I didn't think I could work more than I did at TD, but I certainly
[05:39] SPEAKER_02: do.
[05:39] SPEAKER_02: But it's all on things that I like and I have a lot of former colleagues who are super supportive.
[05:45] SPEAKER_02: I've got some who tune in regularly to my podcast to see if I can teach them anything
[05:49] SPEAKER_02: new and then I get notes from them saying, you know, I didn't realize that was quite
[05:53] SPEAKER_02: like that.
[05:53] SPEAKER_02: So that's good that you're explaining that to other people and I learned some things too.
[05:57] SPEAKER_02: So it's really great that you can go from something that's superstructured where you're,
[06:02] SPEAKER_02: especially in risk management, you operate very much in strict framework.
[06:07] SPEAKER_02: I mean, you certainly go outside of it at times, but that you can create something out
[06:11] SPEAKER_02: of nothing and actually start being more creative.
[06:14] SPEAKER_02: And I find the more I get into it, the more creative ideas that I have.
[06:17] SPEAKER_01: I can totally imagine that.
[06:20] SPEAKER_01: One of the things I love about what you do Tracy is that there's so much stigma around
[06:25] SPEAKER_01: the topic of money and people don't want to talk about it.
[06:30] SPEAKER_01: And there's shame associated with it and they don't know what to do and they don't want
[06:33] SPEAKER_01: to ask for help and reveal that they don't know what's going on.
[06:36] SPEAKER_01: And you found a way to share this information and teach people and show them the different
[06:43] SPEAKER_01: opportunities or ideas or things that are out there while removing that stigma.
[06:49] SPEAKER_02: Absolutely.
[06:49] SPEAKER_02: It's really emotional.
[06:51] SPEAKER_02: As soon as you're born, you start having ideas and thoughts about money.
[06:55] SPEAKER_02: I've had a five year old tell me that money is evil when I was volunteering with the
[06:59] SPEAKER_02: Girl Guide program.
[07:00] SPEAKER_02: So what's going on in her house?
[07:03] SPEAKER_02: You just imagine there's probably crying, there's probably screaming, there's probably
[07:06] SPEAKER_02: all kinds of things.
[07:07] SPEAKER_02: She probably doesn't even really know what money is.
[07:10] SPEAKER_02: And she feels that way and that stays with you.
[07:12] SPEAKER_02: Good or bad your whole life.
[07:14] SPEAKER_02: And so you're kind of wrestling with whatever's going on inside you as you go forward and
[07:18] SPEAKER_02: you're trying to make decisions.
[07:19] SPEAKER_02: And so the more information you can get in a judgment-free way, the better off you're
[07:25] SPEAKER_02: going to be.
[07:26] SPEAKER_01: Absolutely.
[07:27] SPEAKER_01: The work that I do, which is not related to money specifically, but it's amazing how
[07:33] SPEAKER_01: the beliefs that we have about money end up driving our behavior later on.
[07:37] SPEAKER_01: And often in ways that don't serve us and people don't even necessarily know to link it
[07:43] SPEAKER_01: to some of those thoughts that they have as that five year old did because they don't
[07:47] SPEAKER_01: remember having that thought.
[07:49] SPEAKER_01: And as an adult, it's still the thing driving them.
[07:51] SPEAKER_02: Yeah, every time you get a bill in the mail, if you probably have some kind of physical
[07:55] SPEAKER_02: reaction and you probably don't even notice it.
[07:58] SPEAKER_02: So for those who are listening, try observing ways that you're feeling, not that you need
[08:02] SPEAKER_02: to do anything about it in the moment, but just notice, do you have any reactions?
[08:08] SPEAKER_01: So I'm going to ask a related question.
[08:11] SPEAKER_01: It might be related, it might not be, I'm okay with this going either way.
[08:14] SPEAKER_01: But so what have you found to be the biggest challenges in creating this business, launching
[08:22] SPEAKER_01: the different things that you're working on, having these conversations, whatever it is,
[08:26] SPEAKER_01: but what have you found to be the challenges that you've dealt with in this process?
[08:32] SPEAKER_02: Well, I came from an environment in the bank where I was an expert at a few things.
[08:37] SPEAKER_02: And so I wasn't an expert at everything, but when you become an entrepreneur, you need
[08:41] SPEAKER_02: to know a whole bunch of things.
[08:43] SPEAKER_02: And so I very quickly had to learn that I can't know everything.
[08:48] SPEAKER_02: You need to give that up.
[08:49] SPEAKER_02: And then I had to seek out people who would be able to support me and help me.
[08:53] SPEAKER_02: And I've been a little bit slow to grow my team.
[08:56] SPEAKER_02: I'm still in the process of growing my team.
[08:58] SPEAKER_02: And I think that's going to be a constant battle.
[09:01] SPEAKER_02: Because I do keep my eyes on the numbers all the time, but you do have to make investments
[09:05] SPEAKER_02: to get that growth.
[09:07] SPEAKER_02: So being comfortable with not knowing everything was a hard one.
[09:11] SPEAKER_02: Still struggling with that, but getting there.
[09:14] SPEAKER_02: The other thing I would say too is just having that belief in yourself that's so strong.
[09:19] SPEAKER_02: You have to because you're doing it alone.
[09:22] SPEAKER_02: And so lots of people would say, what are you doing?
[09:25] SPEAKER_02: Why don't you just go get another executive job at a bank?
[09:28] SPEAKER_02: Like, it's just jobs available.
[09:30] SPEAKER_02: Why are you doing this?
[09:31] SPEAKER_02: And so you get faced with those kind of questions quite a bit.
[09:34] SPEAKER_02: So it's important.
[09:35] SPEAKER_02: It was very important for me.
[09:37] SPEAKER_02: And I think it's important for anybody who's starting up to make sure that you have a group of people
[09:41] SPEAKER_02: that know what you're going through or in the same situation.
[09:45] SPEAKER_02: And so there's times, there's empathy, but there's other times like just get on with it, Tracy.
[09:49] SPEAKER_02: You need to get doing what you're doing and not worry about all that other stuff.
[09:53] SPEAKER_02: And so it's important to find those people if you don't have them when you start your business.
[09:57] SPEAKER_02: And I'm glad that I did that and diverge up to those people regularly.
[10:01] SPEAKER_02: It's not to say that my friends still incorporate aren't my friends and don't have good advice for me at times.
[10:06] SPEAKER_02: But they don't know all the things that I'm going through.
[10:09] SPEAKER_01: It's a different experience being an entrepreneur versus being a corporate.
[10:13] SPEAKER_01: It's a different, you're having different conversations.
[10:15] SPEAKER_01: You're worried about different things.
[10:17] SPEAKER_01: You're thinking about different things.
[10:18] SPEAKER_01: You're excited about different things.
[10:20] SPEAKER_01: So there is a, I think it's a really great point that you've made,
[10:24] SPEAKER_01: which is, you know, basically find a community, whatever that looks like smaller, large,
[10:28] SPEAKER_01: but find those people who are part of a community that speak your language
[10:33] SPEAKER_01: and speak to where you're going, not only where you've been.
[10:37] SPEAKER_02: For sure.
[10:37] SPEAKER_02: And I work with a business coach, Eleanor Beaton.
[10:40] SPEAKER_02: I have for a couple of years and she really has some strengths that I'm developing,
[10:45] SPEAKER_02: like language is one of hers and messaging and around those aspects.
[10:49] SPEAKER_02: But she certainly challenges me regularly to be thinking bigger, more forward.
[10:55] SPEAKER_02: Because sometimes when you're tired, it's hard to have your bigger vision still top of mind.
[10:59] SPEAKER_02: And so it's important to have somebody to keep you accountable.
[11:02] SPEAKER_02: I also have a couple of accountability partners that we check in regularly
[11:05] SPEAKER_02: to make sure we're on track with the things that we committed to ourselves that we wanted to do.
[11:10] SPEAKER_02: And so you certainly can do that with people you have in your community as well.
[11:16] SPEAKER_01: 100%.
[11:17] SPEAKER_01: So from challenges, what have been some of the, you know,
[11:21] SPEAKER_01: it sounds like some of these are your lessons, but are there any other lessons that you've learned
[11:24] SPEAKER_01: through this process on this entrepreneur journey that stand out to you as things
[11:30] SPEAKER_01: that you would tell yourself when you were starting this journey?
[11:33] SPEAKER_02: Have faith.
[11:34] SPEAKER_02: Absolutely.
[11:35] SPEAKER_02: You got to be strong in your vision.
[11:37] SPEAKER_02: I mean, if after a couple of months, you give up, it's not really, that's not enough time to test it.
[11:42] SPEAKER_02: I would also say to, when you try things, I would have the tendency to try to make it perfect
[11:49] SPEAKER_02: before pointing it out there.
[11:50] SPEAKER_02: And I've certainly released a lot of that, but you have to try things and get it out there
[11:54] SPEAKER_02: to see if people actually like it.
[11:56] SPEAKER_02: Because if they don't, then you can pivot it.
[11:58] SPEAKER_02: But until you get it out there, you don't know if anybody likes it or anybody wants to buy it.
[12:03] SPEAKER_02: The other thing, and I knew this for my background.
[12:05] SPEAKER_02: So I made sure I did this right at the beginning was to set up accounts, credit cards, credit in my company name.
[12:12] SPEAKER_02: And that's one thing I don't think entrepreneurs do enough.
[12:15] SPEAKER_02: They think they'll do it later, but it's best to get that set up, even if it's based on your personal credit score,
[12:21] SPEAKER_02: right at the gate, so that you have that separation and everything's really aligned the way it's supposed to be right at the beginning.
[12:28] SPEAKER_01: I think that's fabulous advice as someone who is in the process right now of separating out like a credit line for my business.
[12:36] SPEAKER_01: Hilariously, this is the point that I'm doing it.
[12:38] SPEAKER_01: So I love that you said that because I'm like, yep, that would have been a good thing to do a number of years ago.
[12:44] SPEAKER_01: And I started my business.
[12:45] SPEAKER_01: So I think that's really fantastic advice because those of us like me, and I'm not the only one who don't have a background and
[12:52] SPEAKER_01: find ants who, you know, I'm not a person who necessarily worries about money a ton, but I don't really think about it that much either.
[13:00] SPEAKER_01: I didn't even think about doing that.
[13:02] SPEAKER_02: Yeah, it's not something most people are thinking about.
[13:05] SPEAKER_02: And then they say, yeah, I often hear from clients that I work with, well, they're going to put base it on my personal credit score anyway.
[13:12] SPEAKER_02: And I say, yes, until you get your business going, but it's important to get that credit opened in that business name.
[13:17] SPEAKER_02: So then the track record can start accumulating in over time.
[13:21] SPEAKER_02: It can shift from what are you doing in your personal life and your personal credit score over to the business and what is it doing.
[13:27] SPEAKER_02: But you can't do that kind of with a magic one.
[13:31] SPEAKER_01: Yeah, great advice for for and for people starting out and actually I'm going to I'm going to ask that question.
[13:36] SPEAKER_01: Is there four entrepreneurs that are listening to this and that's most of our audience?
[13:42] SPEAKER_01: Is there any advice that you would strongly recommend them here and take?
[13:49] SPEAKER_01: Whether they are starting a business or they've been in business a number of years that you find the sort of the things that people aren't thinking about or aren't realizing when you start to work with them because I know you work with people early on, but also well established businesses quite often.
[14:01] SPEAKER_02: And so people generally have a couple different perspectives.
[14:06] SPEAKER_02: They're coming at the finance part of their business from they're either totally ignoring it or they've kind of offloaded it to somebody else and very few kind of a million and under I would say are really digging into the numbers.
[14:20] SPEAKER_02: And so while it may not be fun, most entrepreneurs start their business because they have excellent skill sets and are passionate about something that is not money related.
[14:30] SPEAKER_02: There's not a lot of training necessarily on that side, but explore that area get to know your numbers.
[14:37] SPEAKER_02: Oftentimes, once you learn what your numbers are, they're not as scary as the ones you're imagining in your head.
[14:43] SPEAKER_02: And then actually start planning for when does money come in in my business? When does it go out?
[14:48] SPEAKER_02: Start getting comfortable with the flow of it, your needs and start thinking about it from a positive angle because I will often hear entrepreneurs that I work with say,
[14:57] SPEAKER_02: oh, I can't afford to hire that person or I can't get this extra piece of equipment.
[15:02] SPEAKER_02: And I say, well, how do you know? Let's look at the numbers. Let's see how they shake out.
[15:07] SPEAKER_02: And oftentimes with a few little modifications in the business, sometimes it's increasing sales, sometimes it's changing the makeup of the expenses.
[15:15] SPEAKER_02: There is enough money to do that. And so knowing the numbers is your only way to actually plan proactively and get ahead of things that might happen.
[15:24] SPEAKER_02: I'm sure people listening probably can relate to this, some of you and in Celine, I'm sure you've heard it too.
[15:29] SPEAKER_02: But oftentimes when there's this fear or this lack of knowledge around money, sometimes there's just this
[15:34] SPEAKER_02: incisive transfer between company account, personal account, just to make the bills get paid on whatever day it happens.
[15:40] SPEAKER_02: And there's this kind of fog and this heavy blanket almost that's laying on the entrepreneur.
[15:46] SPEAKER_02: So it makes it harder for them to do all the things that they do well because it's like they're always worried about the money.
[15:52] SPEAKER_02: So if you can lift that fog, I think that then you can deal with facts, then you can move ahead and actually make a concrete plan.
[15:59] SPEAKER_02: If you do need help, get help. I don't think that entrepreneurs need to necessarily do their own bookkeeping.
[16:05] SPEAKER_02: They certainly should get an accountant. They should be responsible for what's happening from a financial standpoint,
[16:10] SPEAKER_02: but they don't need to do all that data entry.
[16:13] SPEAKER_01: I love that. I think it's talking about lifting that sort of veil of secrecy around money.
[16:19] SPEAKER_01: I think it's the number of people that I hear about who run really successful businesses,
[16:25] SPEAKER_01: who don't, they just don't look at the money at all. They don't know what's going on.
[16:28] SPEAKER_01: And they just, and they never have, is astonishing.
[16:31] SPEAKER_01: And I'm often grateful that I started my first business when I was in my teens.
[16:37] SPEAKER_01: And my father used to make me, this is a true story, he used to make me do my own taxes.
[16:44] SPEAKER_01: He would then check it. My dad was a numbers guy, but I had to do them myself.
[16:47] SPEAKER_01: And because of that, I have a, I never want to do them again.
[16:53] SPEAKER_01: I want to be fully, fully clear on this.
[16:55] SPEAKER_01: But I actually understand them better because I had the benefit of a parent who was an entrepreneur who
[17:01] SPEAKER_01: thought it was important that at least I understood it. I didn't get them right very often,
[17:05] SPEAKER_01: but I understood the process of going through that.
[17:08] SPEAKER_01: And you know, a lot of people have never had anything like that.
[17:12] SPEAKER_01: And they just don't even want to look at what's going on.
[17:15] SPEAKER_02: Absolutely. And so for anybody listening today who's kind of in that vote and they want to take
[17:20] SPEAKER_02: your first step, the best advice I can give you is start having a weekly money meeting with yourself.
[17:26] SPEAKER_02: I've got a great gift to offer to everybody who's listening.
[17:29] SPEAKER_02: If you go to bizmoneycoach.ca, you can download a money meeting agenda.
[17:35] SPEAKER_02: And maybe in the first meeting, you're just looking at the agenda thinking about,
[17:39] SPEAKER_02: okay, how might I approach this?
[17:42] SPEAKER_02: The second week you're doing it.
[17:44] SPEAKER_02: Now maybe you're on agenda item number one.
[17:46] SPEAKER_02: If you have a partner in the business, you're doing this together.
[17:49] SPEAKER_02: Until it becomes a routine that money and the finances of the business have a regular place
[17:53] SPEAKER_02: in your life, in your calendar, until it becomes second nature.
[17:58] SPEAKER_02: And it may never be fun for you, but I can guarantee that it will bring clarity, focus,
[18:04] SPEAKER_02: you'll be able to be proactive in your actions and it's going to bring down anxiety and any
[18:08] SPEAKER_02: stress that you have because you can actually deal with the real problems.
[18:11] SPEAKER_02: So that's at bizmoneycoach.ca.
[18:15] SPEAKER_01: Thank you, Tracy, for that gift. That's amazing.
[18:17] SPEAKER_01: And for anyone listening, we will have a link to that in the show notes as well,
[18:21] SPEAKER_01: so that you can click on it and go straight to the downloadable that Tracy has offered.
[18:29] SPEAKER_01: So tell me, I'm going to go off top a little bit.
[18:33] SPEAKER_01: I'd love to know if you have any books that you're reading or that you highly recommend to
[18:38] SPEAKER_01: listeners, doesn't have to be about money.
[18:40] SPEAKER_01: If there's anything that's sort of in your brain right now that you would like to share from
[18:45] SPEAKER_02: a learning perspective. One that I am reading now is Atomic Habits.
[18:51] SPEAKER_02: I think it's James Clear is the author and just how you can make small changes to your daily life
[18:57] SPEAKER_02: to improve things over the whole of your life.
[19:00] SPEAKER_02: And it's not making monumental changes, but small modifications every day which can add up.
[19:06] SPEAKER_02: And so I know the power of routine and the power of habit sometimes in my life I'm more
[19:11] SPEAKER_02: disciplined than others. So I've been finding that interesting. One other one that I've found
[19:17] SPEAKER_02: useful in my life at different parts of it is getting to yes with yourself.
[19:22] SPEAKER_02: So people have probably heard of getting to yes, which is all around negotiation.
[19:26] SPEAKER_02: But this is about it starts with you and you can't get to yes with anybody else unless you've
[19:31] SPEAKER_02: got that sorted out with you. So that's a really good one to check out too.
[19:35] SPEAKER_01: Awesome those are great recommendations. I have had so many people talk about Atomic Habits lately,
[19:41] SPEAKER_01: but I think I'm just going to have to get the book and actually read it.
[19:45] SPEAKER_02: Yeah he's been interviewed on a lot of podcasts as well. So if you want the cool notes you can
[19:49] SPEAKER_02: probably listen for a half an hour or somewhere.
[19:52] SPEAKER_01: No, duly noted that's excellent to know. What are you excited about right now? What are you
[19:58] SPEAKER_01: working on? What's coming up for you? What's going on?
[20:01] SPEAKER_02: Well I'm really excited for 2020. I've got a bunch of great things coming. As I've mentioned,
[20:08] SPEAKER_02: I'm really passionate about helping people learn about money and one way that you can change your
[20:13] SPEAKER_02: financial future is certainly by going to post-secondary education. So I've been had this idea in my
[20:19] SPEAKER_02: mind, but this year I will be launching a scholarship fund from Visit Financial to support people in
[20:25] SPEAKER_02: their in their pursuits just so they can have a small piece of financial source of money to help
[20:32] SPEAKER_02: them fill in kind of those gaps. Not a huge amount, but certainly something that will help people
[20:37] SPEAKER_02: get set up. That's one thing I'm excited about. I've got a 12-month money planner for young
[20:43] SPEAKER_02: millionaires in the making coming out, which is really the first Canadian workbook around
[20:48] SPEAKER_02: young adults and them being able to do things on a monthly basis to help them advance their
[20:53] SPEAKER_02: financial knowledge. So that will be out in the spring and then we are talking about it before
[20:58] SPEAKER_02: we started recording, but certainly for my entrepreneur group I'll be launching a YouTube channel
[21:03] SPEAKER_02: with lots of videos around common questions I get. And really, they're just how do I do this?
[21:08] SPEAKER_02: What does this mean so that people can get information on demand when they need it? So that will
[21:13] SPEAKER_01: also be up shortly. The thing that I hear continuously in what you talk about Tracy and it's always
[21:19] SPEAKER_01: resonated with me and it's why I was really excited to have you on today is that so much of what you
[21:24] SPEAKER_01: do is really driven by opening up the conversation about money, taking the stigma out of these things
[21:31] SPEAKER_01: and making it factual and easy to understand and easy for people to do the work that will not
[21:39] SPEAKER_01: them be more successful. And I love that that is what I hear driving so much of what you do
[21:45] SPEAKER_01: and consistently. I think it's phenomenal. Thank you. So tell our listeners where they can find
[21:53] SPEAKER_01: you online, where they can check you out, what they should go and see. Absolutely, so best place if
[21:59] SPEAKER_02: you want to connect with me is on LinkedIn. So send me a message. I'm very active there so I
[22:04] SPEAKER_02: definitely will write you back and we can start up a conversation. Love for you to check out the
[22:09] SPEAKER_02: Young Money Podcast. Certainly everywhere that podcasts are available. There's a new show every
[22:13] SPEAKER_02: Tuesday and it is targeted at young adults. So 18 to 30-ish, but I have many parents and grandparents
[22:20] SPEAKER_02: who listen. I also interview a lot of entrepreneurs on there to showcase another route for young people
[22:26] SPEAKER_02: to make their lives a financial success. So I think there's probably something of interest for everybody
[22:30] SPEAKER_01: there. Well, and I'm, you know, I've been on it. So I'm here there. I'm listening to me being
[22:36] SPEAKER_01: interviewed too. Tracy, before we wrap this up, is there anything that you would like to say to the
[22:43] SPEAKER_01: listeners or have them take away from this conversation? I mean, listen, there's tons of great stuff
[22:48] SPEAKER_01: in here, but is there something that you specifically want to add or emphasize before we wrap this up?
[22:55] SPEAKER_02: For anybody listening who struggles with their finances, whether it's just a kind of a mental
[23:00] SPEAKER_02: block around it or you are in a difficult financial situation, whether you're thinking about your
[23:05] SPEAKER_02: personal life or your entrepreneurial situation, be kind to yourself. Everybody makes mistakes.
[23:12] SPEAKER_02: So acknowledge them, start moving forward, get the help that you need. If you are in a bad financial
[23:18] SPEAKER_02: situation, certainly reach out to somebody who can help like a licensed insolvency trustee, a
[23:23] SPEAKER_02: credit counselor, and just take, make today the first step that you're going to move forward and make
[23:28] SPEAKER_02: a change. It doesn't need to be a dramatic change, but you do have the power to change your future.
[23:34] SPEAKER_02: So be kind to yourself, kind of let go of what's going on before and take some forward actions so
[23:40] SPEAKER_02: that you can move forward on your journey to financial fitness.
[23:45] SPEAKER_01: For the record, I think be kind to yourself is great advice in many, many aspects of being an
[23:50] SPEAKER_01: entrepreneur. Just extra great when it comes to finances. So thank you so much, Tracy. It's been
[23:56] SPEAKER_01: a pleasure speaking with you. I hope you have a wonderful day and I know our listeners are going to
[24:01] SPEAKER_01: get tons of value on this. Thank you so much, Celine. It's been great.
[24:05] SPEAKER_00: Thanks everyone for taking the time's day to listen to Toronto's podcast on the Canada Podcast
[24:10] SPEAKER_00: Network. If you enjoyed the podcast today, please make sure to write us a review on iTunes and share
[24:15] SPEAKER_00: this episode with a friend. You can also check us out online at www.candardestpodcast.com
[24:20] SPEAKER_00: where you can listen, discover, and engage and learn more about what other entrepreneurs are doing
[24:25] SPEAKER_00: across the country. See you next time.
