4 Steps to Get Your Financial Life Back Together (Invest in Yourself)

Feel like you have no idea what's going on with your financial life? That's OK! It's time for some financial spring cleaning. In this video, I share 4 steps on how to get your finances back on track and what you can do to invest in yourself so you feel more in control of your money and can build wealth over time.
This video is sponsored by The Globe and Mail. Visit tgam.ca/jessica to get unrestricted access to The Globe and Mail for only $1.99/week for 52 weeks (plus tax).
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CHAPTERS
00:00 Introduction
02:12 Step 1 - Make a spending plan
05:35 Step 2 - Cut unnecessary expenses
06:25 Step 3 - Protect yourself & your wealth
07:40 Step 4 - Get your investments on track
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RESOURCES
📌 Life insurance needs calculator www.theglobeandmail.com/inves...
📌 Personal finance tools www.theglobeandmail.com/inves...
📌 Wealth Building Blueprint for Canadians course jessicamoorhouse.com/course
📌 Book recommendations jessicamoorhouse.com/favourit...
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ABOUT ME
I'm Jessica Moorhouse, a money expert, Accredited Financial Counsellor Canada®, speaker, content creator, and host of the More Money Podcast. I'm based out of Toronto, ON, Canada and run my own business, MoorMoney Media Inc., to educate others about financial literacy. To learn more, check out my website jessicamoorhouse.com
#personalfinance #financialliteracy #money
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DISCLAIMER & DISCLOSURE
The content I produce is for education and entertainment purposes only. Nothing on this KZbin channel, my website or affiliated channels should be considered financial, investment or legal advice, or an endorsement for any type of service, product, or brand. Some links in this description may be affiliate links in which I may earn a commission at no extra cost to you. Please read my disclaimer to learn more: jessicamoorhouse.com/disclaimer/

[@All-About-the-Dog]

Ugh thank you, I needed that reminder I still need to do a will. Off to watch that video! Thank you for these great videos!

[@jessicamoorhouse]

You're welcome! It's so much easier to get a will made than it used to be but it's so important. Yet only 55% of Canadians have an estate plan set up.

[@Majrapodcasts]

Great content. Keep it up

[@jessicamoorhouse]

Thank you!

[@numanshakir2]

Great work Jessica… I learned a lot from your videos

[@jessicamoorhouse]

Thanks so much!

[@AlshiemaSaheed]

Hey Jessica! I saw you on CTV News the other day!!! I was like where are those pretty pink lights behind you!!! ❤

[@jessicamoorhouse]

Yup, that was me haha!

[@galaxytrio]

Great info and reminders, Jessica. And you have a charming manner.

[@jessicamoorhouse]

Thanks!

[@GardeningInCanada]

What a cool sponsorship, Jess good job🎉

[@jessicamoorhouse]

Thank you!

[@JAMGAR369]

These fees you’re talking about do not include HST that’s extra I was with Scotia McLeod since 2017 who charges a 1.5% fee plus HST so it’s closer to 2% In 2019 I took over my TFSA and last October I left them completely and manage my main account also Now that I have the confidence to invest on my own my portfolio is growing faster without the fees

[@jessicamoorhouse]

Sales tax is charged to the fund, not the individual investor, which is why it's embedded in the fund's MER. If you paid sales tax outside of the fund, I'd suspect it could be on some additional fee you paid for advice or other financial services by the firm?

[@JAMGAR369]

I guess you don’t know Scotia McLeod it’s not a fund they are portfolio managers every big bank has one,there fee is 1.5% of your total assets that they manage and 13% HST which is charged quarterly Your thinking about a mutual fund or ETF where you just pay the MER

[@mdshakibmarketer]

Wow

[@PStomar-j6b]

Hey Jessica iam Keen interested in Finance and wants to convert this interest into proffesion. But Due to Lack of Guidance I am little bit confused. Can you guide me About what should be the best path to get into this.

[@jessicamoorhouse]

I'd suggest looking at different roles in the finance space you're interested in first, then find out the designations or education you need to get that role, then from there you can find out what education and experience paths you can take. Check out FP Canada and the Canadian Securities Institute as some starting places for more info.

[@thusharaboy]

Can a Candian work permit holder register a .ca domain?

[@jessicamoorhouse]

Random question but ok haha. Here's some info on requirements for registering a .ca domain: www.namecheap.com/support/knowledgebase/article.aspx/243/36/ca-domain-registration-requirements/

[@Sumit-bl9oj]

Hello Mam. Can i do e-commerce as a international student with my study permit? If yes can i work 20 hrs a week and run business as a part time? I'm running e-commerce in Nepal and i want to start in Canada too.

[@jessicamoorhouse]

Found some information here about it: www.tbdc.com/a-guide-to-launching-your-business-in-canada-as-an-international-student/

[@Sumit-bl9oj]

@@jessicamoorhouse thank you. The article was helpful for me.

[@ManPursueExcellence]

You look a little like Drew Barrymore.