Make it Shine Money

In this episode of the "Make it Shine, the Money Podcast", hosts Monisha and Shirley explore the topic of the costs of being single. They discuss the financial benefits of living alone, as well as the higher costs associated with being a solo traveler, renting or buying a home, and buying groceries and other products designed for families or couples. The hosts also highlight the institutionalized discrimination against singles in various industries and point out the missed opportunities for companies to cater to this growing demographic. This episode is packed with valuable insights for anyone living independently, and it sheds light on the unique challenges faced by singles in today's society.

#CostOfBeingSingle #LivingAlone #FinancialBenefits #SoloTraveler #RentingVsBuying #InstitutionalizedDiscrimination #MissedOpportunities #IndependentLiving #SinglesFinances #CostOfBeingSingle #SingleAndStruggling #MoneyMattersForSingles #SingleLifeChallenges

Are you hiding away money in an account that only you know about? Are you using it to buy clothes, shoes or video games? You're not alone. A surprisingly large number of men and women in relationships have a hidden bank account that they use for a variety of things.

Join the conversation as they delve into why people have secret bank accounts and the reasons behind it. #MoneyTalk #FinancialIndependence #SecretBankAccounts #CouplesMoneyIssues #AbusiveRelationships #Addiction #Divorce #RainyDayMoney #FYOUmoney #WomenAndMoney."

It doesn't always feel easy or come naturally but talking to your partner about finance and money early is the best way to a healthy relationship. Over 40% of marriages end in divorce with money being the number one reason for disagreements. A great way to avoid that is not only to identify when to talk about money but how to do it. In this podcast we discuss:

• How to schedule a 'money date' with your partner

• Top 5 questions to ask each other

• Behavioural aspects to explore and be mindful of

• Bonus tip for anyone getting married or entering a co-habitation

Do you ever wonder how your emotions impact your financial decisions? Or if being happy can actually make you money. Studies show that 80-90% of all decisions are made emotionally and without emotions we may never be able to make decisions at all. But are there some emotions that leave us worse off financially versus others? Tune in to find out!

1. 'Ultimatum Games' study on how anger and disgust impact our decisions

2. How we need emotions to make any decision

3. Difference between a 'maximizer' and a 'satisficer'

4. Study on happier people making more money in the longer term

5. Name your emotion and practice the 5 Why's to get to the root cause

Are you worried about investing in the stock market because it feels like gambling? Do you know where to begin or how to start? Many studies have shown that stock markets consistently grow over time if you stay invested. You may be leaving thousands of dollars on the table by not investing today - Tune in to find out!

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1. What holds us back from investing in the stock market? Understand the research to give yourself comfort

2. The 2 conversations Shirley had that changed her view on money and gave her the confidence to start investing

3. Who are the people and resources you can go to when you need advice on money

4. What can you invest in? The differences between individual stocks, ETFs, Mutual funds and how it relates to shopping at the grocery store

5. How to get started?

Disclaimer: Any views or opinions represented in this podcast are personal and belong solely to the podcast creator and do not represent those of people, institutions or organizations that the owner may or may not be associated with in professional or personal capacity, unless explicitly stated.

Saving money is challenging for many Canadians. In this episode, we share a mind hack that will help you think differently about saving for your future!

Episode Highlights:

1. The Marshmallow test

2. Saving for retirement

3. Age your photo to plan for the future

4. Write down your anti vision - what you don’t want to happen in the future

Does money buy happiness? Some studies have shown people reach optimal happiness with an income of $75K to $400K. What do you think and why does it matter? Tune in to find out!

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1. Study on happiness at $75K income

2. Study on happiness at $400K income

3. Does money = freedom = happiness?

4. Importance of negotiating your income

5. Know what you spend your money on and does it bring you happiness

6. Identify the things that make you unhappy & eliminate them

Find out more at: https://www.makeitshinemoney.com/canmoneybuyhappiness

Disclaimer: Any views or opinions represented in this podcast are personal and belong solely to the podcast creator and do not represent those of people, institutions or organizations that the owner may or may not be associated with in professional or personal capacity, unless explicitly stated.

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