Two Girls Investing Podcast

Two Girls Investing Co.
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  • Investing

Are you a Canadian woman who wants to get your finances in order but gets intimidated by all the jargon? You're not alone. Welcome to the Two Girls Investing Podcast, your new weekly dose of money empowerment, minus the boring lectures. Every Friday, join friends Colleen and Jess as they chat about their own financial journeys- the highs, the lows and everything in between. One is a busy mom paying off home debt while learning to invest, while the other is a seasoned investor with a decade of experience. Through their honest and hilarious conversations, they'll teach you topics like: Budgeting and saving without feeling deprived, conquering debt and finally getting ahead, demystifying investing for beginners and navigating life's biggest financial decisions. They're not financial advisors - they're here to prove that talking about money can be fun and easy. With two different perspectives, they share what they know, ask the questions you're afraid to ask, and normalize talking about money. Consider them your money besties - here to help you take control of your financial future.

  1. 32 - Setting Up Automated Investing in Wealthsimple (Plus Debt Payoff & Travel Compensation Wins)

    3d ago

    32 - Setting Up Automated Investing in Wealthsimple (Plus Debt Payoff & Travel Compensation Wins)

    In this episode of TGIF: Two Girls Investing Friday, Jess and Colleen catch up and share some massive weekly wins! One paid off a huge chunk of personal debt in about three months by focusing on lowering credit utilization and tackling higher-interest balances, while the other successfully claimed airfare compensation after an overnight delay (pro-tip: delays over three hours may qualify!). They then walk through setting up automated, recurring investments in a Wealthsimple RRSP to help reduce taxable income, explaining ETFs and key index concepts along the way. Using examples like VFV (Vanguard S&P 500 ETF), VDY (high dividend Canadian ETF), and adding XAW (global equities), they demonstrate exactly how to select “buy on a schedule,” choose your frequency and start date, and ensure your purchases occur inside an RRSP or TFSA rather than a non-registered account. Finally, they preview a future episode on investment options and portfolio considerations so you can keep building your confidence! Note: In the episode, we refer to a global ETF excluding North America as "VI"—the correct ticker symbol is VIU! Connect with us on: TikTok: @twogirlsinvesting Instagram: @twogirlsinvesting 00:00 Welcome to TGIF 00:34 Sunny Catch Up 01:04 Debt Payoff Win 02:01 ADHD Debt Strategy 03:35 Investing for Taxes 04:08 Flight Delay Payout 05:55 Automation Setup Intro 06:47 VFV and Index Basics 08:23 VDY Dividends Explained 09:01 Recurring Buys Walkthrough 10:17 Add Global ETF XAW 12:13 Next Episode Teaser

    13 min
  2. 31. Your Ultimate Guide to Wealthsimple and How to Choose a TFSA or RRSP

    May 22

    31. Your Ultimate Guide to Wealthsimple and How to Choose a TFSA or RRSP

    Jess hosts TGIF solo while Colleen is away and answers a listener question from Pam about using Wealthsimple and whether to invest through a TFSA or RRSP. She explains Wealthsimple as a Canadian fintech offering chequing and investing accounts, and reviews three investing approaches: traditional financial advisors, robo-advisors, and self-directed investing, emphasizing how higher fees can significantly reduce long-term returns. Jess breaks down how TFSAs work and how RRSPs differ. She shares a common guideline of using $50,000 income to help decide, notes many people use a hybrid approach, clarifies RRSP withdrawal options including the Lifelong Learning Plan and First-Time Home Buyers Plan, and reminds listeners they can hold multiple TFSA/RRSP accounts without overcontributing. 00:00 Welcome to TGIF 00:34 Jess Solo Update 00:54 Listener Question Setup 01:17 What Is Wealthsimple 02:34 Ways to Invest 03:48 Why Fees Matter 06:36 TFSA Explained 09:29 RRSP Explained 12:14 TFSA vs RRSP Rules 14:19 RRSP Withdrawal Options 16:41 Multiple Accounts Limits 17:49 Wrap Up and Thanks

    19 min
  3. 30. Money Myths: Why Budgeting Alone Won’t Build Wealth and When Debt Can Be Good

    May 15

    30. Money Myths: Why Budgeting Alone Won’t Build Wealth and When Debt Can Be Good

    Jess and Colleen catch up on busy family schedules and rising costs, then discuss tax surprises when owning businesses, prompting plans to calculate and set aside amounts monthly and contribute more to RRSPs while balancing liquidity. They continue their “money myths” series, emphasizing that budgeting and saving are essential foundations but not enough for wealth and time freedom; investing to outpace inflation and increasing income through job changes, negotiating (especially for women), or side hustles are key accelerators. They also challenge the idea that all debt is bad, distinguishing high-interest consumer debt from productive debt like mortgages or business loans, and describe how wealthy people may borrow against assets to avoid selling and triggering taxes. Next episode addresses TFSA vs RRSP and Wealthsimple. 00:00 TGIF Podcast Intro 00:34 May Schedule Chaos 01:07 Kids Sports Costs 02:33 Tax Season Surprises 04:22 RRSP Planning Balance 06:24 Money Myth Budgeting 08:30 Boost Income Strategies 11:26 Money Myth Debt 13:38 Rich Use Leverage 15:19 Wrap Up Listener Qs

    16 min
  4. 29 - Money Myths: You Don’t Need to Be Rich to Invest & Income Doesn’t Equal Wealth

    May 8

    29 - Money Myths: You Don’t Need to Be Rich to Invest & Income Doesn’t Equal Wealth

    In this TGIF (Two Girls Investing Friday) episode, Jess and Colleen introduce a discussion on common money myths and share a preview of two major ones. First, they debunk the idea that you need to be rich to start investing, noting that fractional shares and dollar-cost averaging make it possible to begin with very small amounts, especially when investing is automated from each paycheck; they also mention the importance of a foundation like paying off high-interest debt, building an emergency fund, and understanding timelines, while warning that holding large cash balances can lose value to inflation and miss potential gains. Second, they challenge the belief that a higher income automatically makes someone wealthy, emphasizing lifestyle creep, debt-financed “looking rich,” and the need for money management skills at any income level. They tease more myths for the next episode and invite listeners to share their own. 00:00 Welcome to TGIF 00:34 Yukon Spring Catch Up 00:48 Money Myths Intro 01:09 Myth One Start Investing 02:05 Fractional Shares Explained 03:18 Automation and Inflation 05:09 Myth Two High Income 06:07 Lifestyle Creep Examples 06:55 Debt Versus Wealth 08:45 Wrap Up and Next Week

    9 min
  5. 28 - Why Community Matters and How Investment Fees Can Cost You

    May 1

    28 - Why Community Matters and How Investment Fees Can Cost You

    Jess and Colleen share that their podcast is about sharing their different financial journeys to normalize Canadian women talking about money, reduce isolation through community, and highlight how finances affect stress, mental health, and relationships, noting finances as a leading cause of divorce in Canada and that AI can’t replace real community support. They invite listeners to comment, share wins and stories, download free and paid resources, and suggest ideas for what the community should look like. The episode then returns to beginner investing mistakes: investing without a clear plan, goal, or time horizon; taking too much risk for short-term goals (where a high-interest savings account may be better); insufficient diversification across geographies and sectors; panic selling during market downturns; and ignoring fees, especially high mutual fund fees compared with lower-fee ETFs, including asking advisors to show long-term fee impacts. Next week’s topic is money myths and mindset. 00:00 Why We Podcast 00:22 Money Community Matters 01:01 Stress Mental Health Link 01:38 Beyond AI Support 02:18 You Are Not Alone 02:48 Join The Community 03:26 Beginner Investing Mistakes 03:45 Plan Goals Time Horizon 05:22 Diversification Basics 07:08 Learn Before You Invest 08:20 Avoid Panic Selling 10:25 How Often To Check 12:30 Fees Can Destroy Returns 14:30 Next Week Money Myths 14:51 Wrap Up And Share

    16 min
  6. 27 - Travel Credit Card Points and Beginner Investing Mistakes

    Apr 24

    27 - Travel Credit Card Points and Beginner Investing Mistakes

    Jess returns from a short hiatus with updates on her upcoming house purchase, complex tax preparations, and plans to record her music. The conversation shifts to credit card points strategies. Jess explains why she prefers a card with no foreign transaction fees and maximizes value by redeeming points for travel instead of statement credits. Jess and Colleen note the importance of paying off the balance every month. Finally, they tackle common beginner investing mistakes like emotional trading and chasing fast returns through individual stocks. They recommend replacing those mistakes with proven long-term habits: relying on diversified ETFs, dollar-cost averaging, automating investments, and prioritizing time in the market. 00:00 Jess Returns Update 00:42 Taxes And House Prep 01:26 Studio Plans Postponed 02:09 Songwriting Journey 03:08 Credit Card Points 05:20 Redeeming Points Smartly 07:25 Beginner Investing Mistakes 07:49 Stocks And ETFs 15:13 Time In Market DCA 16:50 Wrap Up And Next Episode

    18 min
  7. 26 - Credit Card Points 101: Welcome Offers, Annual Fees, and Booking Bora Bora With Points

    Apr 17

    26 - Credit Card Points 101: Welcome Offers, Annual Fees, and Booking Bora Bora With Points

    In this TGIF Two Girls Investing Friday episode, Colleen continues a conversation with guest Jaya while Jess is away, focusing on credit card points strategies. Jaya explains she never carries a credit card balance and emphasizes that welcome offers work best when you pay in full, since interest can erase rewards value. They discuss minimum-spend requirements, typical bonus ranges, and using planned expenses (not extra spending) to earn points, including having spouses apply separately to double welcome bonuses. Jaya shares how she booked a Bora Bora overwater bungalow for five nights for about $738, plus flights using points, and outlines using transferable points and timing transfers only when ready to book. She covers managing annual fees via a travel budget, leveraging first-year-free offers, and calling banks for product-change offers to earn additional bonuses while maintaining credit history. 00:00 Podcast Intro 00:34 Episode Setup With Jaya 01:03 No Balances Rule 02:11 Welcome Offers Strategy 03:28 Bora Bora Points Win 05:23 Earning Fast Without Overspending 07:03 Planning Future Trips 08:18 Europe Booking Tactics 10:00 Cancel Downgrade Credit Impact 11:00 Annual Fees And Product Changes 12:53 Beginner Tips And Takeaways 13:43 Guest Plug And Wrap Up

    14 min
  8. 25 - How to Travel for Less: Hacks, Point Transfers, and Everyday Multipliers

    Apr 10

    25 - How to Travel for Less: Hacks, Point Transfers, and Everyday Multipliers

    Colleen hosts TGIF Fridays without Jess and interviews Jaya, a Yukon-based traveler and mom of four, about using points and miles to reduce travel costs. Jaya emphasizes first understanding the value and redemption options of existing points (e.g., statement credits vs bank travel portals), then choosing cards with category multipliers, and eventually using transferable points via programs like RBC Avion and American Express. She discusses transferring points to airline partners, timing transfers only when ready to book, and using welcome offers by meeting minimum spend without carrying balances. Jaya shares booking a Bora Bora overwater bungalow for $738 for five nights (vs $2,000/night) using 271,000 Marriott points, plus flights using points (including 85,000 points per person). She covers annual-fee strategy, first-year-free offers, product changes, and keeping the oldest card open for credit history. 00:00 Welcome and Guest Intro 01:29 Why Travel Points Matter 03:44 Maximizing Your Current Points 07:19 Transferable Points and Flight Strategy 09:50 Everyday Spend Multipliers 11:48 Ethical Amex Use and Transfers 14:18 Part One Wrap and Teaser 15:11 Part Two Welcome Back 15:56 No Balances and Welcome Offers 18:58 Bora Bora on Points Breakdown 23:02 Planning Future Trips and Europe 27:12 Managing Multiple Cards and Credit Score Tips 29:37 Annual Fees and Product Changes 33:12 Beginner Advice and Closing

    15 min
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Trailer

About

Are you a Canadian woman who wants to get your finances in order but gets intimidated by all the jargon? You're not alone. Welcome to the Two Girls Investing Podcast, your new weekly dose of money empowerment, minus the boring lectures. Every Friday, join friends Colleen and Jess as they chat about their own financial journeys- the highs, the lows and everything in between. One is a busy mom paying off home debt while learning to invest, while the other is a seasoned investor with a decade of experience. Through their honest and hilarious conversations, they'll teach you topics like: Budgeting and saving without feeling deprived, conquering debt and finally getting ahead, demystifying investing for beginners and navigating life's biggest financial decisions. They're not financial advisors - they're here to prove that talking about money can be fun and easy. With two different perspectives, they share what they know, ask the questions you're afraid to ask, and normalize talking about money. Consider them your money besties - here to help you take control of your financial future.

Information

  • Creator
    Two Girls Investing Co.
  • Years Active
    2025 - 2026
  • Episodes
    33
  • Rating
    Clean
  • Copyright
    © Jessica Rowat and Colleen Kormos
  • Show Website
    Two Girls Investing Podcast

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