Two Canadians from humble beginnings discovering all the nuances of financial literacy, career planning and necessary life skills. Join us as we explore strategies on how to win gracefully and learn from losing often in this game we call "life". These are conversations that need to start happening in high school: Stay Hungry, Stay Humble.
Episode 9: Should you be reading? Our experiences and struggles building this habit.
Tune in as we discuss:
โ ๏ธ Suffering from short attention spans and instant gratification
๐ง How to make use of audio books
๐ Does reading enhance creativity
๐Bad reading habits propagate into adulthood
We apologize for Raj's audio for this episode: sometimes life is busy and we recorded while Raj was commuting
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Our special guest Santha Krishnasamy is the CEO and Founder of FourFront, an Entrepreneur and Activator for SheEO. She is a humble and inspirational advocate for failure. She preaches no-nonsense practical advice for starting ventures and having grit
About FourFront:
Non-technical start-up founders don't need to be vulnerable anymore; under the guidance of competent technology experts and student talents FourFront can now overcome all your technology challenges
Tune in as we discuss:
๐ถ When to walk away from your idea even when it's your baby
๐ Building a painkiller (reactive venture) vs building a vitamin (proactive venture)
โ๏ธ Tips behind building a Minimum Viable Product (MVP)
๐ธ Staring businesses at a younger age and learning as you go
Kat Cole Cinnabon Story
Simon Sinek TedX Start with Why
Ministry of Crabs
Chapters:
0:00 Intro
1:35 Rapid fire questions
8:52 Be Practical, not emotional
11:32 Knowing when to move on
15:05 Success behind FourFront from lessons learned
19:37 Pivoting and having existential flexibility
24:50 Takeaways Harvard Business School
26:51 Art & Science of Entrepreneurship
27:42 Born an Entrepreneur vs learning overtime
30:50 Balancing credentials vs trying and failing
37:22 Stay Hungry, Stay Humble
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Episode 7: Specialists vs Generalists - the balancing act.
Tune in as we discuss:
๐ค Albert Einstein and Stephen Hawking
๐ Jack of all trades but master of none
โ Conflicting information from mentors
๐คฏ What breadth of knowledge is enough before moving on
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Episode 6: โAsk not have notโ & Networking
Tune in as we discuss:
โย Why sometimes all you need to do is just ask - drop the ego or fear
๐คธโโ๏ธ It's not what you know, it's who you know
๐ธ๏ธ Network for knowledge, not advancements
ย ๐ Take notes and action
Asking for things and getting rejected TED Talk: https://youtu.be/-vZXgApsPCQ
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Episode 5: How to negotiate compensation in your existing role
Tune in as we discuss:
๐ฐย Why you should negotiate your salary
๐ The Do's and Dont's
๐น Aligning interests rather than competingย
โ Common mistakes
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Our special guest Akash Gupta has worked on Wall Street as an Associate, at Shell as an Engineer and is an Entrepreneur. He is an inspirational individual who advocates for youth to be fearless in their aspirations.
Tune in as we discuss:
๐คท Being Practical in your Actions and Impractical in your Goals
๐ช Being Fearless and Confident
๐ Change is the only Constant in Life
๐ค Being Uncomfortable is a Catalyst for Growth
Akash's Instagram
Akash's TedX Talk
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Chapters:
0:00 Intro
3:30 Rapid Fire Questions
8:10 Be Impractical
12:50 Transition to Finance
16:05 The Chaos and Opportunities from Moving
18:20 Family Dynamics
21:44 Noteworthy Failures
26:00 Building a Personal Brand
29:35 Fulfillment, Inspiration and Impact
32:10 Whats Next?!
36:65 Stay Hungry, Stay Humble
Tune in as we discuss:
What the RRSP is and how to use it ๐คท๐ผโโ๏ธ๐คท๐พโโ๏ธ
Why the RRSP is a key tool for deferring taxes ๐ค
The Home Buyers Plan (HBP) and Life Long Learners Plan (LLP) ๐ก๐
Links/Resources mentioned in the episode:
Government Website for RRSP
RRSP Contribution Calculator
Wealth Simple RRSP Account
Your RRSP Contribution Limit is 18% of your Gross Income up to a maximum of:
2021: $27,830
2020: $27,230
2019: $26,500
See more past years
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Chapters:
0:00 Hot Take
1:06 What is the RRSP
2:42 Why use it
3:46 How to start an RRSP
5:32 Contribution example
9:25 Carrying contribution limits forward
11:05 How and when to withdraw $
13:55 Alternative uses
16:00 How to invest
16:32 What if your income is low
17:22 Final personal thoughts
Episode 2: Purchasing Habits: knowing when to splurge or penny-pinch
Tune in as we discuss:
๐ Having f*** you money
๐ณ Good reasons to splurge on select items
โ Time value of money
๐ง How many subscriptions do you have?
Skin in the Game:
https://www.amazon.ca/dp/0425284646/ref=cm_sw_r_cp_api_i_HHBYRBZJ88W0XYG5ZD4P
The Millionaire Next Door:
https://www.amazon.ca/dp/1589795474/ref=cm_sw_r_cp_api_i_KB30SXJ50BRK8DQ9GW5R
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Episode 1: Credit Cards and Scores: a powerful tool that can also lead to your demise!
Tune in as we discuss:
๐ฏ Are credit scores important
๐ณCredit card and banking hacks
๐ง Stop maxing your utilization
โ๏ธShould you cut up your credit cards #DaveRamsey style
Links mentioned in the episode:
Credit Karma
Borrowell
Red Flag Deals
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Check us out on Youtube:
Young Money Diet
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Episode is Live
Published: Jan. 27, 2021 @10PM Edit
Unpublish
A brief look back ๐ of Season 1 and look forward ๐ for Season 2.
Stay tuned, hungry and humble!
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Check us out on Youtube:
Young Money Diet
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Episode 10: The Great Debate ft. Live Audience Voting
๐ฌ The Season Finale: Tune in as we practice thinking on our feet and exercise our persuasiveness.
Creative Director Brendan Sjerve leads the debate on various random topics/questions โ and our live audience votes ๐ณ on who has the more convincing argument.
Who will win all the glory?
Chapters:
0:00 Introduction
2:19 Is a Hot Dog a Sandwich?
5:45 Covid Stimulus Package
9:20 Renting vs Buying Homes
13:25 Are Leaders Born or Made?
17:25 Will Oil and Gas Be Around in 30 years?
21:10 Would You Take a Promotion for The Same Pay?
25:35 40 hours a week for $75k or 60 hours a week for $100k
30:00 Does Money Buy Happiness?
34:00 Wrap up and Reflection
35:00 Results
36:50 Feedback
*Disclaimer: The facts and information that Raj and Wasif mention in their arguments should be taken with a grain of salt. This was for entertainment purposes only and to practice debating. No prior research or fact checking was done and each stance on the debate was assigned at random and does not necessarily reflect Raj or Wasif's beliefs (i.e. Raj does NOT think a hot dog ๐ญ is classified as a sandwich ๐ฅช).
Special thanks to our live audience and voters:
Stewart J
Taylor R
Malak A
Jennaye B
Cameron S
Eric S
Stephanie S
Bruce S
Nicholas F
Mark S
Cynthia S
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Episode 9: How to plan out your Career for flexibility and promotionsย
Tune in as we discuss:
๐ Why you should take an active approach and get I in the drivers seat for your career
โ๏ธ Staying rigid or true to your path vs being flexible and open to opportunitiesย
๐ธ Should you aim for money or take more freedom
๐ You can complain about your circumstances or make changes and take action
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Episode 8: How to properly set goals
Tune in as we discuss:
๐ Why you are not going to achieve your new years resolution
๐ Stop trying to eat the elephant whole
โ You cannot improve what you don't measure or track
๐ Create a goals contract and put a ๐ฅ fire under your butt
Links/Resources mentioned in the episode:
Simone Giertz Everyday Calendar
Think and Grow Rich by Napoleon Hill
Atomic Habits by James Clear
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@Young Money Diet
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Episode 7: The Tax Free Savings Account is unquestionably the Greatest Of All Time (๐ GOAT)
Tune in as we discuss:
What the TFSA is and how to use it ๐คท๐ผโโ๏ธ๐คท๐พโโ๏ธ
What the contribution limits are based on age ๐ง๐ผ๐จ๐ผ๐ฆ๐ฝ๐ฉ๐พ
Why the TFSA is key tool for building wealth ๐ค
Youtube Link
2021 TFSA Contribution Limits based on Year Born / Age in 2021:
Links/Resources mentioned in the episode:
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#podcast #podcasting #young #money #education #life #business #love #learning #interview #motivation #inspiration #news #boss #work #funny #comedy #spotify #youtube
Episode 6: Defining Success ๐
Tune in as we discuss:
๐งโ๐๐จโ๐ป๐ทโโ๏ธ What success means for us
๐จ๐ฝBe better than who you were yesterday๐ฆ๐ฝ
ย ๐จโ๐ซ๐ฉโ๐ซ Learn something new every day
๐ก๐ ๐ก The importance of community
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On this special guest, we have Emily Potter coming all the way from Winnipeg, Manitoba, Canada. She is currently playing for KP Brno in the Czech Republic. You can find her @empotter10 on most social media. Please consider donating to the Sarah Strong Foundation and supporting her cause.
Tune in as we discuss:
๐ Growing up in the Prairies in Western Canada
๐๏ธย Taylor Swift
๐ Playing Professional Basketball โน๏ธโโ๏ธ
๐ Mental Health is as important as Physical Health
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@Young Money Diet Podcast
Episode link to Heroes in our Midst Podcast:
https://anchor.fm/heroesmidst/episodes/Episode-18-Emily-Potter-emrrgg
Coloring Book, Game Link & Sarah Strong Foundation:
https://linktr.ee/emilypotter
Episode 4: A reflection on school ๐ค
Tune in as we discuss:
๐ Passionate vs ๐ง Utility
๐ Educating yourself about education.
2+2 = ? Do you really need advanced mathematics?
๐ง Meeting interesting people
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Episode 3: The Art of War: Kijiji and Deal Making
Tune in as we discuss:
๐คฅ Watching out for lies
๐ค good and great deals
๐ฎ One personโs trash is ๐your treasure
๐ต Cash is king
โStrategies to navigate the used market
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Episode 2: To be or not to be (a great leader), that is the question ๐ง
Tune in as we discuss:
๐ฆCourageous leaders
๐ค Trust
๐Macro vs ๐ Micro Management
โฉ Progressing Talent
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@Young Money Diet
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Episode 1: Take a stroll down memory lane as we reminisce about doing the early work in our early jobs ๐ฆ๐ฝ๐ฆ๐ฝ
Tune in as we discuss:
๐ lessons learned from joining the work force early
๐ฐimportance for youth to get exposed to money and real life
โ๏ธ rejection and humility
๐ฑ โcoolโ purchases made while working minimum wage
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The beginning of the Young Money Diet Podcast. We talk about why we are doing it and what you can expect if youโre tuning in!
If you are interested in #financialliteracy #moneyย #careers and #life please subscribe!