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  <title>EP058 Invest in Your Financial Well-Being - Financial Literacy Month 2018</title>
  <description>Many people struggle to deal with financial planning and debt, leading to high levels of stress and anxiety. Struggling with your finances can affect all parts of your life, and it can be hard to reach your life goals when you are dealing with such a burden. &amp;amp;nbsp;If financial planning or debt is affecting you, then you are not alone. Canadians have more debt than ever before, and half of all Canadians couldn’t meet their financial obligations if their paycheck were delayed by even one week. &amp;amp;nbsp; November is Financial Literacy Month in Canada. On today’s episode, I discuss how  The Financial Consumer Agency of Canada(FCAC) is raising awareness and educating people so that they can increase their financial acumen. I share my thoughts on the fundamental life skill that you need and how creating an effective financial plan can help you get out of debt. I also reveal how you can begin to invest in your financial well-being, make a budget, and start a savings plan.  &amp;amp;nbsp; “When you understand what’s important to do, how you are doing it, and how to move ahead - you can tackle anything.” - Tracey Bissett  This Week on Young Money: &amp;amp;nbsp;  What it means to invest in your financial well-being. Creating a plan to pay off your debt. How to make informed financial decisions. Why you should start good habits early. How to take control of your finances. What having a plan to reduce your debt means. My financial values and what motivated me to make money. Strategies I used to make money at an early age.   How to take control of your finances: &amp;amp;nbsp;  Invest in your financial well-being and have control over your week to week and month to month finances. Have a plan to pay off debt. Make informed decisions. Start good habits early - seize the day. Take control of your finances - be courageous and take that first step.   Resources Mentioned: &amp;amp;nbsp;  Follow #FLM2018 on social media to find out more great tips and resources. Additional episodes to learn more on tip #1 Invest in your financial well being    EP011 - Financial Fitness Tips for the Holidays  EP012 - The Financial Cost of Comparisonitis with Rachel Brownlow  EP018 - Cashflow Cookbook with Gordon Stein  EP032 - David Jenkins on Investing with TheAnswerls  EP033 - Investing Basics   Additional episodes to learn more on tip #2 Have a plan to pay off debt    EP024 - Young, Fun and Financially Free with Leanna Haakons of Black Hawk Financial  EP034 - Jeremiah Brown The 4 Year Olympian  EP041 - Striving to be Financially Fit with Monica Da Ponte   Additional episodes to learn more on tip #3 Make informed decisions    EP029 - Buying vs. Leasing a Car  EP039 - Bitcoin and Other Cryptocurrencies Demystified with Alan Wunsche  EP033 - Investing Basics  EP047 - Adventures with Crypto - 5 Lessons Learned with Digital Wallets and Buy Transactions  EP019 - TFSAs vs. RRSPs  EP007 - How's Your Financial Reputation aka Your Credit Score?   Additional episodes to learn more on tip #4 Start good habits early    EP008 - To Rent or Buy with Alexandra Cote of Sandra Rinomato Properties  EP038 - Investor Spotlight Part 1  EP040 - Investor Spotlight Part 2  EP002 - Out of the Mouths of Young Money Masters   Additional episodes to learn more on tip #5 – Take control of your finances    EP045 - top Feeling Broke with Shannon Lee Simmons  EP035 - &amp;amp;nbsp;How to Prepare for a Side Hustle with Jeet Banerjee  EP052 - The Debt Free Graduate with Murray Baker  EP057 - Bankruptcy and Consumer Proposals 101 with Doug Hoyes  EP054 - Rich is a State of Mind with Robert Gignac  EP006 - What are Your Intentions ... Financially Speaking with Jackie Porter?    Financial Consumer Agency of Canada  Financial Literacy Month  FCAC Budget Calculator    Get Your Young Money Questions ANSWERED! &amp;amp;nbsp; Want to get all of your Young Money questions answered? &amp;amp;nbsp;Leave a voice message here and start your journey to invest in your financial well-being this FLM2018. Remember - there is no silly question when it comes to your financial fitness.  Rate, Share &amp;amp;amp; Inspire Other Young Millionaires-in-the-Making &amp;amp;nbsp; Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode,  head over to iTunes and leave us a rating and review. Don’t forget to share your favorite episodes on social media! &amp;amp;nbsp; Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our Linkedin Company Page, or by visiting our website. </description>
  <author_name>Young Money with Tracey Bissett</author_name>
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