Personal Finance Reddit - Answering Your Money Questions with Bisola Tijani aka WhizQueen

First EVER collab! I've got Bisola Tijani (aka WhizQueen) in my home studio to do this special video with me, answering questions we found on Personal Finance Reddit. I met Bisola about a year ago when we both participated in a KZbin accelerator in Toronto and it was just a matter of time that we got together and joined forces since we both love to talk money!
Make sure to subscribe to Bisola's channel here: / @whizqueen
#personalfinance #financialliteracy #moneytips
📹 WATCH NEXT
• Investing in Canada fo...
• [Ep. 360] How to Start...
CHAPTERS
00:00 Introduction
00:49 Should I finance my car and invest the rest or pay off the loan now?
02:01 Should I pay off my mortgage or invest for a better return?
03:02 How can I invest as a teenager in Canada?
04:44 Should I go back to work after mat leave or quit and be a stay-at-home parent?
06:39 What are the best resources to improve my financial literacy?
GET STARTED
➡️ BUDGET SPREADSHEETS & MERCH jessicamoorhouse.com/shop
➡️ INVESTING COURSE jessicamoorhouse.com/course
➡️ EMAIL LIST jessicamoorhouse.com/subscribe
➡️ RESOURCE LIBRARY jessicamoorhouse.com/resources
➡️ RECOMMENDATIONS jessicamoorhouse.com/recommen...
CHECK OUT MY PODCAST
🎙APPLE itunes.apple.com/ca/podcast/mo...
🎙SPOTIFY open.spotify.com/show/5g5ip4f9...
🎙AMAZON MUSIC music.amazon.com/podcasts/75e...
FOLLOW ME
📸 INSTAGRAM / jessicaimoorhouse
⏰ TIKTOK / jessicaimoorhouse
🧵 THREADS www.threads.net/@jessicaimoor...
📸 LINKEDIN / jessicaibowman
📘 FACEBOOK / jessicaimoorhouse
ABOUT ME
I'm Jessica Moorhouse, an award-winning money expert, Accredited Financial Counsellor Canada®, speaker, TV personality, and host of the More Money Podcast. I'm based out of Toronto, ON, Canada and turned my personal finance blogging side hustle into a financial education business that has helped thousands of people take control of their lives by taking control of their money. To learn more, check out my website jessicamoorhouse.com
---
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/

[@WhizQueen]

I had fun chatting with you and answering these questions. Thanks for having me over Jessica 😊

[@jessicamoorhouse]

Thanks so much for collabing with me Bisola! It was so fun!

[@Mfalconer]

Great questions and great answers! Loved the collab 💕

[@jessicamoorhouse]

Thanks Melissa!

[@buddhimamedawaththa2669]

Hi Jessica As someone who is planning to come to Canada in next year May, I highly appperciate what you do. Thank you for your informative videos. Please do more... Can you please do a video for newcomers, What to do with money ? How to start investing ? What are the good investment methods / accounts ? etc... Keep up your good work. 😊 Best Regards Ishara from Sri Lanka 🇱🇰

[@jessicamoorhouse]

Thanks so much and absolutely! I'm hopeful I'll have more capacity for KZbin next year once I'm done writing my book. :)

[@buddhimamedawaththa2669]

@@jessicamoorhouse Good luck with your new book. 😊

[@buddhimamedawaththa2669]

@@jessicamoorhouse If you can, please do a video for newcomers to educate how to save money in Canada, how to invest and suitable investment methods, what are the best banking accounts / credit cards ? etc. It will be a goldmine for newcomers like us. Highly appperciate. 😊🤝

[@FoodForestLiving]

What banks/bank accounts do you recommend for sole props who are employed and then have side hustles under our legal names? Most banks need a minimum amount to avoid fees etc, any recommendations or personal preferences?

[@jessicamoorhouse]

Online banks. Ditch the big banks that always charge fees. Example include Tangerine, Simplii, Motive Financial, motusbank, Alterna Bank, EQ Bank.

[@vancouverdiaries738]

Awesome!

[@jessicamoorhouse]

😀

[@kkennnnedy]

Some FI's have practice accounts on their self-directed account platforms, and I believe youth may be able to access? For extra training, but I could be wrong

[@jessicamoorhouse]

Most practice accounts are only available to existing discount brokerage customers (mainly the big bank ones) so those would only be accessible to youth who are the age of majority. But the practice account with Questrade doesn't require this, so anyone of any age could test it out.

[@fissehahadgu377]

what is the disadvantage of transfering your money from your businees account to your personal account then utlized in your personal account

[@jessicamoorhouse]

If you're a sole proprietor, there's no tax distinction between money in your business account vs. your personal account, so no financial disadvantage there. But if you're incorporated, that's a different thing and there many tax implications.