9 - The Broke to Balanced Episode: Budget Tools + Bonds for Instant Stability
In this episode of TGIF Two Girls Investing Friday, hosts Jess and Colleen discuss their personal budgeting methods in response to a listener's question. Jess shares her experience with budgeting apps like Mint and Pocket Guard, emphasizing the benefits of automation and categorization. Colleen, on the other hand, prefers using an Excel spreadsheet to track expenses and debts manually. They explore the importance of understanding the value of money and how small financial decisions impact long-term financial goals. The episode also introduces the basics of bonds as an investment, comparing them to GICs and detailing their role in a diversified portfolio. They stress the importance of normalizing financial conversations and learning about money management together.Sign up for our monthly newsletter and see our other resources HereConnect with us on:Tik TokInstagram
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8 - We Hate Saving Money - But Here's How You Can Make Free Money Through Dividends
In this episode of TGIF: Two Girls Investing Friday, hosts Jess and Colleen discuss the frustrations of Facebook Marketplace and other money-saving methods they disdain but sometimes use. They explain how dealing with online marketplaces and calling insurance providers for better rates can be tedious but financially rewarding. Then, they dive into understanding dividends, discussing the benefits of earning dividend payments from investments, and the difference between growth and value stocks. They also touch on setting up self-directed investing accounts and avoiding currency conversion fees when investing in U.S. stocks. The episode wraps up with a promise to explore bonds in the next episode.Sign up for our monthly newsletter and see other resources HereConnect with us on:Tik TokInstagram00:04 Welcome to TGIF: Two Girls Investing Friday00:46 The Frustrations of Facebook Marketplace04:28 The Hassles of Insurance and Cell Phone Bills07:00 The Challenges of Thrifting and Online Shopping10:13 Bedtime Phone Habits10:36 Setting Up a Self-Directed Investing Account11:31 Choosing the Right ETFs14:04 Using AI for Investment Research16:42 Understanding Dividends20:13 Growth vs. Value Stocks21:36 S&P 500 and NASDAQ 100 Explained22:55 Conclusion and Next Episode Preview
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7 - Day Trading vs. Passive Long-Term Investing: Real Talk for Canadians Who Want to Invest
In this episode of TGIF Two Girls Investing Friday, Jess and Colleen dive into the differences between day trading and passive long-term investing. They discuss personal financial wins and setbacks, and the impact of fees over time. Key topics include the power of dollar cost averaging and the benefits of self-directed investing. They also emphasize the importance of time in the market and debunk the get-rich-quick mentality often associated with day trading. Tune in for relatable, jargon-free advice on growing your wealth and confidence in the Canadian financial landscape.Sign up for our monthly newsletter and see other resources HereConnect with us on:Tik TokInstagram00:00 Introduction to TGIF: Two Girls Investing Friday00:42 Weekly Financial Wins and Setbacks01:54 The Cost of Seasonal Gear for Kids06:51 The Impact of Bank Fees Over Time09:34 The Power of Long-Term Investing12:01 Day Trading vs. Long-Term Investing14:06 The Nature of Financial Silence15:06 Day Trading vs. Long-Term Investing17:20 Understanding Dollar Cost Averaging18:20 Automating Your Investments21:00 Self-Directed Investing Explained23:24 The Impact of Fees on Investments26:51 Conclusion and Next Steps
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6 - RRSP or TFSA?? How to Decide & Money Wins From This Week
In this episode of TGIF Two Girls Investing Friday, hosts Jess and Colleen discuss practical ways they saved money this week, such as working out at home and preparing cost-effective meals. They delve into the differences between two key Canadian investment accounts: the RRSP (Registered Retirement Savings Plan) and the TFSA (Tax-Free Savings Account). The episode covers how each account works, tax implications, and strategies for deciding which to invest in based on your income. They also touch on taking loans from your RRSP for education and home buying, and offer tips to maximize tax returns.Sign up for our monthly newsletter and see other resources HereConnect with us on:Tik TokInstagram00:00 Introduction to TGIF: Two Girls Investing Friday00:34 Weekly Money-Saving Tips08:02 Investing in RRSP vs TFSA08:13 Understanding RRSP and TFSA09:03 Tax Implications and Strategies10:38 Practical Tips for Managing RRSP and TFSA22:27 Final Thoughts and Next Steps
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5 - TFSA Secrets, Smart Diversification & How to Stop Overpaying Your Bank
Welcome to TGIF (Two Girls Investing Friday), where Jess and Colleen break down financial concepts in a fun and accessible way. This episode dives into the ins and outs of TFSAs, teaching you how to use this tool to build wealth. They answer a listener question about using Wealthsimple for investments, discuss minimizing bank fees, and highlight the importance of diversification in investing. They also touch on the significance of talking about money with friends and overcoming traditional mindsets. Join them for real strategies to grow your wealth without the financial jargon.Sign up for our monthly newsletter and see other resources HereConnect with us on:Tik TokInstagram
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.
Canada - english