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Millennial Money

Toronto Star

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Millennials face an unprecedented financial landscape in modern life. We’ve been told all along there are financial markers to being a grown-up: owning a home, having kids, traveling, having some kind of social life. But for many millennials, lots of those things feel well out of reach. We’re fumbling through a brand new version of adulthood, but how do we navigate that without being stressed about finances all the time? Business reporter Ghada Alsharif speaks to fellow millennials about the ...
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Black Millennial Money

Black Millennial Money

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This is Black Millennial Money, where we talk about how you can MAKE more money, KEEP more money, INVEST your money and SPEND your money on the finer things in life from a black millennial perspective. Every week your host and plug Joseph Nwosu sits down with finance experts, entrepreneurs and hustlers to find out how you can MAKE, KEEP, INVEST and SPEND your money! Find out more and send in your questions to www.blackmillennialmoney.com
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Do you and your spouse want to reach Financial Freedom and start building wealth together, but you’re not sure where to start? Have you tried to budget and pay off debt, yet still struggle to see your Net Worth actually increase? We’re Rebecca and Dylan - husband and wife turned Financial Coaches specifically for Married Couples. We created this is the podcast to help you and your spouse get on the same page about one of the toughest topics you will face in your marriage! Tune in every Monda ...
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Finding time to manage money as a couple is difficult. But there are ways to make it easier. One way to simplify how you manage your finances is reviewing the accounts you use and organizing your finances. Too many people complicate their finances by having too many checking, savings and credit card accounts. That is why we developed The Streamline…
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With the cost of food going up over the past few years, we’ve seen grocery bills skyrocket! According to the FDA, 30-40% of food in America is wasted. Another study estimates that the average family household throws away approximately $1,000 of food each year! This week we’re sharing tips to help you save money at the grocery store and reduce your …
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One myth about “going green” is that it’s more expensive, and while in some instances that is true – there are many ways you can go green and immediately start saving money! In this episode we're discussing some of our personal lifestyle choices and philosophies as consumers that help us lower our carbon footprint while saving money. We also talk a…
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This common expense is one of the worst things to spend your money on! Which is why we're warning you about this wasteful expense. Plus sharing a few easy swaps that will help you save small amounts of money that add up over time! DID YOU FIND THIS EPISODE USEFUL? 📸 Share this episode and tag us on Instagram @radcoaches CONNECT WITH US! 💰 Book your…
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Have you ever thought about what it would be like to live in a Tiny Home? If you’re like us, you’ve definitely watched shows about tiny living, and considered if it was right for you. Especially in the past few years with the cost of living and the average price of a home having skyrocketed! That’s why this week we welcomed guest Laura Lynch CFP® A…
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Have you tried to start a new habit like budgeting, cutting up your credit cards and vowing only to eat at home...only to give up a week later and return to all of your old habits that you wanted to change? If so, you're not alone! There is a better way to go about sustainably changing your financial habits so that you can consistently get results!…
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A recent study reported the value of a High School course on Personal Finance. Based on the research, a single-semester course is worth an estimated $100,000 over the course of a lifetime! This demonstrates what we’ve always known to be true. That investing in your financial education is the best investment you can make. But that begs the question …
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When most people try to save money they simply try to cut back on spending, hoping that they will have money left over at the end of the month to put in their savings. But this approach is completely backwards! There is a better, more effective way to save money that helps guarantee your success and ensure that you reach your savings goals. It's ca…
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There are a lot of myths about budgeting that need to be debunked. Because believing these myths can prevent you from taking action on something that will help you improve your finances! We see these budgeting myths perpetuated in a lot of ways. From money conversations and spending pressures in your circles of friends. To advice from family member…
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If you want to build wealth, but you don’t like the idea of a budget, you’re due for an upgrade on your Money Mindset! Because budgets aren’t limiting, your mindset is! This week we’re sharing why getting to budget is not only important for those who are serious about Financial Freedom. It’s also an opportunity to align your money with your values …
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This week we’re going to take advantage of the extra Spring energy to check in on our overall financial health. We’re getting organized, closing out tax season to-do’s, and checking in with our goals for the year! Now is the perfect time to check-in on your progress and strategically adjust your strategy to get the results you really want. Take car…
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This week we’re sharing our favorite reasons for weekly money dates. Before you tell yourself "I don't need to do that" hear us out! Because scheduling money dates can be a game changer when you’re trying to get intentional about your finances. Especially if you struggle to be consistent, or one (possibly both of you) tend to avoid talking about mo…
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Having a different opinion than your spouse about financial issues is perfectly normal. But when talking about money turns into arguing about money, that can make building wealth impossible. Even if you don't argue about money but you struggle to agree on a strategy and can't see a clear path forward - that is costing you big time! The longer you g…
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"Should I invest or pay off debt first" is one of the top questions we hear from our clients and audience. It's no wonder when it can feel almost impossible to do both at the same time. So this week we're sharing our perspective on one of the top debated issues in personal finance! We'd love to hear your thoughts on the topic! Share what you think …
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This week we’re talking about our favorite topic - Cash Flow! We’re sharing 6 strategies to help you increase your Cash Flow. Breaking down 3 ways to decrease your expenses + 3 ways to increase your income. And since we’ve personally used all 6 of these strategies we know they work! So whether you choose to do some or all of them, you will get resu…
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Join us for this fascinating Millennial Money Mindset podcast episode on personal finance, and investing, and discover your financial independent number! Discovering your Financial Freedom Number! Financial independence is achieved when your passive income through investment, property income or your pensions covers your living expenses. How much is…
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Earning interest from a High Yield Savings Account is the easiest way to start earning passive income. Yet only 82% of Americans are benefiting from having one of these accounts! In a High Yield Savings Account you could be earning between 4-5% interest on your savings. That's more than $600/year on a $15,000 Emergency Fund. While that's not going …
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Talking about personal vices, like how much we drink, is taboo enough. But asking someone how much they spend on their drinking? That's a whole 'nother level of real talk. Most people aren't too eager to know how much they spend on things they're not exactly proud of... From beer and wine to drugs and clubs. If you're not honest about how much you …
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Don’t make this common mistake with your tax refund. We give this one piece of advice to all of your clients when they expect any kind of windfall. Instead of deciding what you will do with the money after you get it. Have a plan for how you will use the money. Regardless of how much money you will get, you should have a plan for how a windfall can…
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Want to make it easier to manage your money? Start by getting your finances organized and creating a system that is simple and easy to use! One of the top challenges people face with their finances is lacking a system that makes financial decisions easy. Instead most people tend to overcomplicate and overthink their approach. But if you want to pay…
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Can your weekly money meeting (date) with your spouse actually be a way to connect? Absolutely! This weeks Micro Money Tip is all about how to get financially intimate with your spouse and make your money dates sexy! We share what to focus during your money date, how to frame the conversation and some ideas for what to do after the meeting has conc…
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When we decided to get serious about our finances, pay off our debt and reach Financial Freedom - we had no idea the benefits it would bring to our marriage! Of course there were the obvious benefits that motivated us to protect our marriage. Less stress, fewer arguments and having the freedom to travel more. But what we didn’t know was how learnin…
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Whether you're openly talking about it or not, you're communicating your values around money from the very first date. From the car you drive, to what you wear and where you go, you're sending and receiving signals about your financial habits and values. But when do you start talking about money more directly and what do you talk about? As Financia…
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Join us for our first Ask us Anything episode where we're doing our best to answer listeners questions about all things personal finance. In this episode we discuss... How to think about and manage medical debt The importance of saving before investing, and How to build wealth once you're debt free and ready to invest aggressively! We hope you enjo…
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Feel like you're not making any progress paying off your student loans? That's probably because you're not using this strategy! If you're committed to getting out of student loan debt then this episode is about to completely change and improve your approach to get you out of debt as fast as possible! DID YOU FIND THIS EPISODE USEFUL? 📸 Share this e…
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Don’t make the big mistake of thinking that creating an Estate Plan is something you can get to later. No one wants to talk about death and money, but none of us know how much time we have either. At radcoaches we know how important it is to, not only ensure your personal financial future, but to protect and provide for your family and preserve you…
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Depending on what personal finance experts you listen to, you’ve probably heard contradicting thoughts on credit cards. At a young age most of us are encouraged to get a credit card at 18-years old so we can start building credit. But many Americans are in credit card debt. Which is why many debt free communities swear credit cards off for life! Bu…
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We talk a lot about talking about money, for good reason! There’s no overlooking how important it is for a good relationship to have good communication. Especially about finances. But when it comes to talking about money it’s easy to find yourself always just talking about the numbers. While that’s helpful - it’s not the only thing you need to disc…
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Moving out of the big city for somewhere more affordable has become a common topic of conversation among Toronto millennials. Is it worth giving up the perks of the city for a lower cost of living and shorter commutes? We speak to a woman named Sydney who’s leaving the city she was born in in search of a lower-stress and less costly lifestyle. Then…
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Trying to decide how much money you need in your Emergency Fund? Want to know how much extra cash flow you have each month to put towards your goals? Then you need to know this important metric for your finances! Tune in and learn how to quickly calculate your burn rate to make financial decisions easier! DID YOU FIND THIS TIP USEFUL? 📸 Share this …
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In our opinion, how you think about money, status, and the world is more important than how high (or low) of a Financial IQ you have. So this week we're sharing 3 mental habits that are creating mental blocks and keeping you financially stuck. If you struggle with one (or all) of these - we're here to help you break free! When you're focusing on th…
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Canadians are more in debt than ever before but we rarely talk about it openly. Shame, embarrassment and despair can make it too scary to look at. On this episode, a millennial opens up about how she’s fallen into a spiral of debt that overwhelms her and makes it difficult for her to map an escape route. Then, Shannon Lee Simmons, author of "Living…
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Every year “improving your finances” or “being better with money” is a top New Year Resolution for Americans. But if you’ve had these resolutions before and failed to get results, there’s a good reason! Most financial goals and New Year resolutions are flawed from the beginning. It all has to do with how the goal is created in the first place. In t…
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Yonni and Kayla have been together for 15 years. They’re unmarried but they’ve combined their money and freely share their assets, even though only one of them has the house in their name and one of them has the car in theirs. Is this set up financially smart in the long run? Or does it benefit one over the other? Family lawyer Heather Hansen, part…
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If you want to improve your finances but you’re not sure where to start, or what to do next, this episode is what you need. In this episode we lay out the roadmap for making yourself financially resilient, reaching Financial Freedom and getting started building wealth. We also share our insights on the importance of each step and what obstacles and…
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It can be tempting to over optimize your finances and chase returns. But don't make this big mistake with your emergency fund! If you’ve ever wondered where to keep your emergency fund to get the best return - listen to what personal finance experts have to say about your Emergency Fund. Learn why it’s important to keep your emergency fund in cash,…
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Have you ever asked yourself WHY your spouse doesn’t want to talk to you about money? Reasons like “I’m just not interested” or “I don’t care about money” brush over what’s really going on. You need to know the actual, deeper reason why your husband or wife doesn’t want to talk to you about money. Only then can it be addressed and overcome as a tea…
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In the last couple of years, Lee’s side hustle has taken off and she thinks she has a real chance of making it her full time gig. Opportunities are starting to appear and that’s exciting but how does she properly capitalize to help make her business grow? Should she get an HST number or become incorporated? What are the pros and cons of both? How d…
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Want to take your budgeting up a notch? If you’re ready to stop focusing on the day-to-day month-to-month bills, and instead start looking at the bigger picture. Then this week’s Monday Micro-Money Tip is for you! If you feel like you’ve maxed out the benefits of your basic monthly budget, this tip will help you level up your budget game and save y…
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Like many of us, Amy learned about trigonometry in school but nothing about the basics of financial literacy of investing. And she didn’t have any financial models growing up; no one she knew really had any money. But recently, Amy got an unexpected chunk of cash. Now, for the first time, she’s trying to learn how to make it grow before she spends …
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You want to do more than just pay the bills and save a little every month. You want to see serious growth in your net worth! There's just one problem... your spouse avoids talking about money because it leads to arguments. The two of you end up doing your own thing and progress is minimal. If that's you - you're going to want to listen to this week…
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In this week's Monday Micro-Money Tip - we’re giving you one tip to keep you from making this costly investment mistake! It could cost you years of retirement, or even keep you from retiring at all. DID YOU FIND THIS TIP USEFUL? 📸 Share this episode and tag us on Instagram @radcoaches CONNECT WITH US! 💵 Book your FREE Financial Strategy Session 💰 T…
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jes sachse has been fighting an eviction for about two years. And they’re not alone. As rent and property prices soar, eviction is a threat for many Torontonians. Geordie Dent, Executive Director of the Federation of Metro Tenants Associations, lays out your options when you’re faced with an eviction. We also explore the potential financial implica…
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Everyone struggles with this one self sabotaging behavior. When left unchecked it will keep you from reaching your goals. We've seen how it makes managing money and building wealth so frustrating for some clients that they just give up! In this episode we’re talking about why so many of us struggle with this self sabotaging behavior when trying to …
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Welcome to this week's Monday Micro-Money Tip - where we give you one tip to improve how you manage money in 5-minutes or less. When was the last time you calculated your Net Worth? Have you ever sat down and put all your assets and liabilities in one spreadsheet that would tell you exactly where you stand? In today's Monday Micro Money Tip we’re t…
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How much money should you spend on dating when it’s a struggle to keep up with the bills? A 32-year-old fashion designer opens up about the financial pressures women face on the dating scene, and what it’s like looking for love with a tight budget. Financial expert Melissa Leong, author of Happy Go Money, provides some practical advice for keeping …
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We’ve all heard someone say it at some time or another. “Women are just more emotional than men!” But how true is that really? Particularly when it comes to making financial decisions and how we choose to spend, save and invest our money. In this episode of the radmoney podcast we’re digging into the difference between how men and women let emotion…
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Welcome to this week's Monday Micro-Money Tip - where we give you one tip to improve how you manage money in 5-minutes or less. If you have a FSA [Flexible Spending Account] this tip is for you! It’s time to strategize ways to make the most of the money in this account, above the $610 rollover limit. Find ways to invest in your health and review yo…
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Maria was saving up to freeze her eggs, but some tough financial decisions forced her to change her plans. Competing financial priorities as an adult makes her wonder: travel, own a home or have a kid - does she have to choose just one? Personal finance and travel expert Barry Choi offers practical advice on how to balance the life you want while a…
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In the past 10 years, we've learned more about personal finance, business, real estate, and investing than we could have imagined! If we knew as much then as much as we do now...our life would probably look a lot different. We're sharing these hard learned lessons with you so you can shorten your learning curve and speed up your journey to financia…
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