More Money Podcas‪t‬ Jessica Moorhouse

I’m so excited to have Sarah Wilson from  on the podcast! I got to know Sarah when we met at FinCon in 2019, and since then we’ve become friends and are even in a mastermind together with some other amazing women in the personal finance community. It was high time I had Sarah on the show because she has crushed some major milestones since our first meeting. As she shares in this episode, she started out her personal finance journey with five-figures of debt while living on a very low income. But by learning more about the fundamentals of money management, living frugally, and taking on some side hustles to earn extra money on top of her day job, she not only paid off all her debt in 3 years, she was also able to buy a house that she partially rents out, and has just reached a $100,000 net worth. Sarah’s story should serve as an important reminder that where you start doesn’t determine where you’ll end up. It may not be easy to crush your debt and grow your wealth, but it is possible if you stay strong, consistent, and don’t give up! For full episode show notes, visit https://jessicamoorhouse.com/267

Although I’ve done 265 episodes of this show (well, more if you count any of my solo episodes), shockingly I’ve never done an episode on the history of money. As important as it is to discuss the management of money, it’s just as important to understand currency’s history. Especially as we enter this new age of currency with the rise of cryptocurrency. Luckily, I was able to get Frederick Kaufman on the show, who authored , and is also a much distinguished English professor who has spent the last decade focused on researching the fiction that is money. If you’re a money nerd and history buff like me, you’re going to love this episode and Frederick’s latest book! For full episode show notes, visit https://jessicamoorhouse.com/266

Before I get into some details about my wonderful guest for this episode, I want to share more about what I said right at the top of the show since it’s pretty important. As of last week, I have put to rest the old name for this podcast, the Mo’ Money Podcast, and have officially changed the show’s name to the More Money Podcast. As I explained in the intro for this episode, it was very much time for this change and I feel really good about it. As you know, especially from , I am an ally of BIPOC and am a supporter of Black Lives Matter. I’ve also been putting more effort to have a more diverse guest list for the show to ensure there are more voices being heard that need to be. I want to be part of the solution, not the problem. Still, I had never really stopped to think that my podcast name may actually be part of the problem and may come off as offensive to some people until recently. To give you some background, when I first started my blog in 2011, I called it Mo' Money Mo' Houses. I was 24 when my old roommate and I came up with the name, and I thought it was a funny play on words with my last name and the song Mo' Money Mo' Problems. A few years later, I launched this podcast under the same name. When I rebranded from Mo' Money Mo' Houses to just my personal name (Jessica Moorhouse), I dropped the Mo' Houses from my podcast name so it became simply Mo' Money.  Throughout the years, I've toyed with the idea of updating the name to something that had more relevance to my brand, but I kept putting it off. Until I recently stumbled upon a review on my podcast that made take action immediately. The review is still on Apple Podcasts, so I'm sure you'll be able to find it easily. In essence, they were calling me out for appropriating language from the Black community. That was never my intention and I felt terrible that that had never crossed my mind. So I did a quick poll on Instagram to see how some of my listeners felt. Although the majority didn't feel the same way, some people did.  I never want to offend anyone, and I especially don't want anyone to misunderstand my values or support for the Black community. So, I changed the name. Luckily it was an easy change to the More Money Podcast, but it did remind me that I still have work to do in order to become a better ally. So thanks to everyone for supporting this name change, and supporting me! And thanks again for continuing to listen to the show. Ok, now onto the special guest for this episode, . She is a money mindset and life coach for women who I’ve been following on Instagram for a little while now. She is also the host of the popular Money Mindful podcast and book club. I find her so inspiring and her thoughts on money and mindfulness so interesting, I had to have her on the show so we could dive deeper. This is one of those episodes that's going to make you pause and think (what good timing since I've been doing a lot of that lately!), and reconsider your actions, habits, and mindset around money. Meaghan definitely got me thinking of some of the money mindset issues I still battle every day. I think I've mentioned on the show that naturally I have a scarcity mindset because of my background growing up. But I try to work through that because I find having an abundance mindset so much more liberating. I hope you enjoy this episode as much as I did and make sure to follow Meaghan on Instagram and check out her podcast that dives even deeper into this topic! For full episode show notes visit https://jessicamoorhouse.com/265

Is your money safe at the bank? It’s a question I get asked all the time. Same with is it safe to use an online bank. And that’s thanks to the . I’ve personally partnered with CDIC for years because I believe it’s so important to spread awareness about how our deposits are protected at the bank. In other words, if your bank goes bankrupt, you won’t lose any of your money at that bank. And just so you know, there hasn’t been a bank failure in Canada for 25 years. And even when there was a bank failure in Canada, as long as CDIC has been around, not a single Canadian has lost a dime! To share more about this, so you too can spread the word and feel confident that your money is safe at the bank, I’ve got Peter Routledge, President & CEO of CDIC on the show to explain what CDIC is, how it works, and what you should know. For full episode show notes visit https://jessicamoorhouse.com/264

What a treat of an episode I have for you! Back for a 3rd time on the podcast, and to celebrate the final instalment of her Broke Millennial series, I have Erin Lowry back on the show. Her new book, , is available now and that’s what we get talking about in this episode. How to navigate touch money decisions, be it with your friends, partner, or parents. What are the scripts we should use and what are some tips to make those conversations even a little bit less awkward? I can’t believe it’s been almost two years since Erin was in Toronto to do a live event with me to celebrate her 2nd book, . What a fun event that was, and boy do I look forward to being able to do events again (maybe I can get her back to Toronto!). I can’t wait to see what Erin has in store next now that her book series is done. So I guess we all have to stay tuned! For full episode show notes visit https://jessicamoorhouse.com/263

I've had so many guests on the show over the years to talk about the wealth accumulation stage of investing, but I haven't had any, besides who wrote Victory Lap Retirement, to talk about what happens when you actually retire. What happens when you have to start decumulating your nest egg? That's why I've got Frederick Vettese on the show for this episode. He is the former Chief Actuary of Morneau Shepell, a major Canadian human resources firm. He's also a frequent contributor to the Globe and Mail on retirement issues. And lastly, he's the author of three books, including his latest book that we talk about in this episode, . Even if retirement is decades away for you, it's so important to know what to expect when it's right around the corner. How do you ensure you don't drain your retirement savings in the first few years? What strategies should you use to decumulate your savings in a sustainable way? And what are some key things to know about enjoying your retirement and the fruits of your labour? For full episode show notes visit https://jessicamoorhouse.com/262