Episode 58!

Today we got the chance to talk to Mekenna and Nolan from Saskatchewan! This young couple reached 100k Net worth at 22years old and now have close to 130k in Net worth! Listen to how they avoided debt and paid off their student loan the moment they finished school. Mekenna and Nolan were very interesting to talk to and spoke on the importance of being frugal and how growing up in a frugal family helped them realize how important saving money is.

In this show we also talked about how if you work hard in your 20s you will really benefit from it for the rest of your life. Well Nolan is doing that right now. During the peak of the pandemic, while some were staying at home, Nolan found 3 jobs and hustle hard to make even more money. Outside their regular dayjobs they also clean houses on the weekend to help make even more money. This young couple values financial freedom over buying materialistic things. Listen to them as they give various frugal advice from generating various emails for coupons to using house cleaning side hustle to make more than their day job.

If you’re a 6 figure millennial like Nolan and Mekenna, we would love to talk to you! Reach out to us @[email protected] or find us on FB/Instagram.

Episode 57!

In this episode we spoke to Justin Johnson a 6 figure Gen Z  from Kentucky, USA. Justin was an incredible guest to talk to he currently has a net worth of 220k and reached his first 100k at age 20yrs old. Justin is a realtor and industrial salesman, and unlike many 20 year old he is married and 1 child. His incredible net worth, didn’t come from just luck but from hard work and smart life choices. Listen as we talk about how he:

Justin’s net worth breakdown at the young age of 20yrs old is:

120k in real estate. 1 Rental house.

10k in retirement account.

52k in checking.

32k in vehicles.

10k in odds and ends stuff.

Justin talked about why he has so much gas on the side line and quoted “There is no such thing as luck in this world, all luck is is when an opportunity meets good preparation:”

You won’t want to miss out on this episode:

You can reach out to Justin at:

[email protected]

instagram: justinjohnson_agent

If you are a 6 Figure Millennial or like Justin a 6 Figure Gen Z, feel free to reach out to us at [email protected] and we will try and get you on the show!

In today’s episode, we have Ruthy and Ryan, two spcial guests from Calgary who decided to take a 2-year break from their jobs and travel with their kids all the way across the world to help people. So many wish they had the guts and financial stability to pull this off, but few do. Take a listen, and hear what Ruthy and Ryan had to say about:

If financial coaching interests you, definitely reach out to Ruthy at:

FB: Financial Coach Ruthy

IG @financialcoachruthy

Blog/Website: https://www.financialresuscitationwithruthy.com

Or check out Mercy Ships at:

Mercy Ships Canada: https://mercyships.ca/en/

Today we got the chance to speak to a 7 figure Millennial! It’s not very often that we have a 7 figure Millennial guest on but today Matt Dewey a coach with Enriched Academy decided to come on the show to share his story! In this episode we talked about how Matt was able to take advantage of real estate investing at an early age and build his net worth by buying a few properties early on in his life. Matt also talked about his unique way of investing using private lending and how it has benefited him when it comes to handing his own personal finance. Matt also shared about how growing up with frugal parents shaped his views about finances and the conversations he has with his wife when it comes to managing finances together as a couple. 

You also don’t want to miss out on why Matt decided to sell all his real estate properties and how reading a book changed his whole perspectives on money.  As well check out Enriched Academy if you are interested in seeing how they are helping Canadians  with their finances. They don’t sell products but simply want to help people get out of debt and teach people about investing so they can limit fees which WE LOVE!

If you are like Matt and are a 7 figure millennial and would like to come on the show feel free to give us a shout at [email protected] or if you have just anything interesting to talk about we would love to talk to you as well!

Leave us a review on Apple Podcast as it will greatly help us reach more people!

Episode 53! 

Today we talked to Zijin from Calgary. An engineer but also someone who loves to learn and during covid he decided to learn about cryptocurrency! Since Jules TIm and WIll aren't well versed in the crypto world we decided to have Zijin come on to talk about the basics of cryptocurrency. In this episode we were able to touch on: 

What is crypto? 

How does Crypto work?

Why is there value associated with crypto?

What are some good things to look for in a crypto to invest in?

Where can I invest in crypto?

Where can I spend crypto?

Is crypto here to stay? Why or why not? 

Among other things! 

If you are someone who is interested in cryptocurrency, check this episode out! As well if you are wanting to come on the show feel free to reach out to us at [email protected] 

Episode 52 | First Home Purchase & Tax Update

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Buying a home is one of the most imporant life decisions you will ever make. However, for many, it is a scary journey because if is full of unknowns. Will and Tim just bought their first homes, so the team decied to unpack the process of buying a home.

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As an added bonus, the first time home tax benefits from the April federal budget are also discussed, so you can have a good idea of some additional supports that will be available to you with the purchase of your first home.

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Tune in and learn about:

-The steps to buying a home

-How to get pre-approved for a mortgage and what documents you need

-Credit scores and how they tie in with mortgages

-Property inspection: Valuable or waste of money?

-Calculating net worth after purchasing your first home

-Federal first home savings account and how it is projected to work

-First time home buyers’ tax credit

Epsiode 51! Today we spoke to Shannon Konsmo a CPA from Whitecourt, Alberta. Shannon was a wealth of knowledge and we really enjoyed talking to her and learning about the ins and outs of taxes. In this episode we talked about: What is the difference between sole Proprietorship vs incorporated companies? When people should incorporate as a business and why it is and isn’t a good idea to do it when starting a business. What are some little tricks business owners can do to save money on their income, and the difference between paying yourself in dividends vs having a salary as well the benefits for each one. We talked about the most common mistakes people make when it comes to tax season and things people most commonly forget to claim. If you are looking for an accountant or someone to help you with taxes check out Shannon at: Whitecourtcpa.com and if you are someone who has an interesting financial topic to share feel free to email us at [email protected] or find us on FB or Instagram.

Today Tim, Jules and Will spoke about the recent downturns in the stock market and how to invest in it as well the opportunity cost of spending money and using your time.

We dug deeper and asked people to understand the true meaning of understanding volitily and discussed how market downturns can really test an investors ability to withstand risk but also benefit long term investors.

The guys and gal also talked about how important it is to enjoy the journey along the way; to experience life now as well and not live in a life of deprivation just to try and reach that financial independence life.

After listening to this episode we challenge you to do something random, something that makes your life better, doesn’t have to be expensive, but something that will bring you joy.

Check out the article that we talked about:

https://patriotone.substack.com/p/opportunity-cost?s=r

If you like the show feel free to give us a review on apple podcast to help us reach more people. As well if you would like to come on the show feel free to reach out to us at [email protected] or find us on insta @financialclassroom or FB Financial Classroom Canada.