This week, Carmen and Jordan meet with Shannon Lee Simmons, Certified Financial Planner, Chartered Investment Manager, and founder of The New School of Finance. Shannon is widely recognized as a trailblazer in the Canadian financial planning industry and has published two bestselling books, Worry-Free Money and Living Debt-Free.⁣

In this episode, ⁣Shannon shares her fun and fresh perspective when it comes to budgeting for your first home or investment property. She also talks listeners through some of the top debt mistakes Canadians are making and how to overcome these obstacles, along with how to fast-track for retirement using real estate investing strategies. ⁣⁣What’s more, this is an extended version of our episode, so check out the full episode to hear why Carmen and Jordan are so passionate about financial literacy and planning for your future!

Episode Highlights:   ·   Shannon’s background ·   Strategies and tips for buying a first property ·   First time home buyers and RRSPs ·   Affordability criteria ·   Debt myths, mistakes, and recommendations ·   Investment strategies for retirement ·   The importance of financial planning   Quotes:    “You pay for my brain, nothing else.”   “I like to use the term ‘cash flow plan’.”   “It’s definitely something you want to make sure you’re getting customized advice for.”   “Those fixed expenses are really important to keep at 55% or lower.”   “I think patience is the real lesson here.”   “I feel like you need a team…it’s like a trifecta of awesome.”   “It’s so much easier to stay at zero when you’re at zero.”   “You can’t live in a stock.”   “We’ve helped people change their lives so many times.”   “That income that is coming from that rental property is mimicking a pension for you.”   “Have a plan!”   “A lot of times people are scared that they’re not going to be able to reach where their goals are, so it’s easier to ignore it.”   “I actually think financial planning is a form of self-care because at 3 a.m. you don’t have to worry.”   “I’m basically just nosy – that’s why I got into this business…I’m fun at parties.”     Links:   30 Minutes to Wealth homepage: https://www.30minutestowealth.com/