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, ...
Should I stay or should I go? The Torontonian’s dilemma
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 we speak to money expert Jessica Moorhouse, host of the "More Money" podcast, about how to navigate this question and make the most of life in Toronto despite the rising costs of just about everything. This episode was produced by Ghada Alsharif, Julia De Laurentiis Johnston, Sean Pattendon, Kevin Sexton and Andrea Varsany. What you would like to hear on Toronto Star podcasts? Let us know in this survey and you can enter to win a $100 gift card.
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26:18
How to get out of debt when it feels unmanageable
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 Debt-Free" and founder of the New School of Finance, shares some tips on how to practically and philosophically tackle debt while making necessary space to enjoy your life as you do it. This episode was produced by Ghada Alsharif, Julia De Laurentiis Johnston, Sean Pattendon, Kevin Sexton and Andrea Varsany. What you would like to hear on Toronto Star podcasts? Let us know in this survey and you can enter to win a $100 gift card.
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33:02
Should we get married for money?
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, partner at McCarthy Hansen & Company LLP, shares how getting married may affect your finances for better or for worse. This episode was produced by Ghada Alsharif, Julia De Laurentiis Johnston, Sean Pattendon, Kevin Sexton and Andrea Varsany What you would like to hear on Toronto Star podcasts? Let us know in this survey and you can enter to win a $100 gift card.
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20:55
Side hustle to main hustle: The basics of starting a business
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 do you grow a business when you have passion and some viability but don’t have much business experience? Janet Gray from Money Coaches Canada shares financial steps to consider when launching a business (even, and especially, if you don’t really know how to do that). This episode was produced by Ghada Alsharif, Julia De Laurentiis Johnston, Sean Pattendon, Kevin Sexton and Andrea Varsany
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19:35
How to grow your nest egg when no one taught you how
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 it all. Jason Heath, Managing Director of Objective Financial Partners, Inc., shares practical advice on how to start planning for your financial future, regardless of how much money you have in the bank. This episode was produced by Ghada Alsharif, Julia De Laurentiis Johnston, Sean Pattendon, Kevin Sexton and Andrea Varsany
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 their relatable financial dilemmas, then brings it all straight to an expert to work out some options, because money is more than numbers on a spreadsheet. This is your life. And we’re talking about it, here on Millennial Money.
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