In this episode of TGIF Two Girls Investing Friday, hosts Jess and Colleen discuss their personal budgeting methods in response to a listener's question. Jess shares her experience with budgeting apps like Mint and Pocket Guard, emphasizing the benefits of automation and categorization. Colleen, on the other hand, prefers using an Excel spreadsheet to track expenses and debts manually. They explore the importance of understanding the value of money and how small financial decisions impact long-term financial goals. The episode also introduces the basics of bonds as an investment, comparing them to GICs and detailing their role in a diversified portfolio. They stress the importance of normalizing financial conversations and learning about money management together.

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In this episode of TGIF: Two Girls Investing Friday, hosts Jess and Colleen discuss the frustrations of Facebook Marketplace and other money-saving methods they disdain but sometimes use. They explain how dealing with online marketplaces and calling insurance providers for better rates can be tedious but financially rewarding. Then, they dive into understanding dividends, discussing the benefits of earning dividend payments from investments, and the difference between growth and value stocks. They also touch on setting up self-directed investing accounts and avoiding currency conversion fees when investing in U.S. stocks. The episode wraps up with a promise to explore bonds in the next episode.

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00:04 Welcome to TGIF: Two Girls Investing Friday

00:46 The Frustrations of Facebook Marketplace

04:28 The Hassles of Insurance and Cell Phone Bills

07:00 The Challenges of Thrifting and Online Shopping

10:13 Bedtime Phone Habits

10:36 Setting Up a Self-Directed Investing Account

11:31 Choosing the Right ETFs

14:04 Using AI for Investment Research

16:42 Understanding Dividends

20:13 Growth vs. Value Stocks

21:36 S&P 500 and NASDAQ 100 Explained

22:55 Conclusion and Next Episode Preview

In this episode of TGIF Two Girls Investing Friday, Jess and Colleen dive into the differences between day trading and passive long-term investing. They discuss personal financial wins and setbacks, and the impact of fees over time. Key topics include the power of dollar cost averaging and the benefits of self-directed investing. They also emphasize the importance of time in the market and debunk the get-rich-quick mentality often associated with day trading. Tune in for relatable, jargon-free advice on growing your wealth and confidence in the Canadian financial landscape.

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00:00 Introduction to TGIF: Two Girls Investing Friday

00:42 Weekly Financial Wins and Setbacks

01:54 The Cost of Seasonal Gear for Kids

06:51 The Impact of Bank Fees Over Time

09:34 The Power of Long-Term Investing

12:01 Day Trading vs. Long-Term Investing

14:06 The Nature of Financial Silence

15:06 Day Trading vs. Long-Term Investing

17:20 Understanding Dollar Cost Averaging

18:20 Automating Your Investments

21:00 Self-Directed Investing Explained

23:24 The Impact of Fees on Investments

26:51 Conclusion and Next Steps

In this episode of TGIF Two Girls Investing Friday, hosts Jess and Colleen discuss practical ways they saved money this week, such as working out at home and preparing cost-effective meals. They delve into the differences between two key Canadian investment accounts: the RRSP (Registered Retirement Savings Plan) and the TFSA (Tax-Free Savings Account). The episode covers how each account works, tax implications, and strategies for deciding which to invest in based on your income. They also touch on taking loans from your RRSP for education and home buying, and offer tips to maximize tax returns.

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00:00 Introduction to TGIF: Two Girls Investing Friday

00:34 Weekly Money-Saving Tips

08:02 Investing in RRSP vs TFSA

08:13 Understanding RRSP and TFSA

09:03 Tax Implications and Strategies

10:38 Practical Tips for Managing RRSP and TFSA

22:27 Final Thoughts and Next Steps

Welcome to TGIF (Two Girls Investing Friday), where Jess and Colleen break down financial concepts in a fun and accessible way. This episode dives into the ins and outs of TFSAs, teaching you how to use this tool to build wealth. They answer a listener question about using Wealthsimple for investments, discuss minimizing bank fees, and highlight the importance of diversification in investing. They also touch on the significance of talking about money with friends and overcoming traditional mindsets. Join them for real strategies to grow your wealth without the financial jargon.

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Jess and Colleen, the hosts of Two Girls Investing Friday, share updates on their financial experiences. Jess discusses the challenges of attending a work conference and celebrates a significant investment milestone, while colleen talks about managing her store and personal finances. The episode covers practical tips on saving money, such as utilizing credit card insurance for car rentals and preparing simple lunches at work. They delve into the basics of investing, explaining key concepts like stocks, ETFs and mutual funds. The show aims to demystify financial topics and encourage listeners to take control of their financial future.

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Navigating Wins, Setbacks, and Debt Payoff Strategies. Join Jess and Colleen in episode three as they celebrate the successful launch of their podcast, share personal updates, and dive into the world of debt payoff strategies. They discuss the pros and cons of renting vs. home ownership, detailing Jess’s purchase of a second rental income property and Colleen’s experience with significant home renovations. They introduce and explain debt payoff methods like the avalanche and snowball strategies, and touch on the importance of budgeting and avoiding overspending. Additionally, they tease upcoming discussions on investment terminologies. This episode feels like grabbing coffee with your best friends while tackling real-world financial topics.

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In this episode of the 'Two Girls Investing' podcast, Jess and Colleen discuss their unique financial journeys and share practical tips on managing money challenges. They delve into the impact of ADHD on finances, the importance of paying off high-interest debt, and the necessity of building an emergency fund. They also talk about the weird ways they save money. Join them for an insightful discussion aimed at making personal finance approachable and engaging for everyone.

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In the inaugural episode of the Two Girls Investing podcast, hosts Colleen and Jess share their excitement about launching their podcast after a brief hiatus. They discuss their motivations for starting TGI, their personal financial journeys, and the rapid growth of their platform, which initially became overwhelming. They look forward to providing financial education tailored to Canadian women, covering topics like savings, budgeting, and investing. The episode also touches on their passions, spending habits, and the importance of a balanced money mindset. Listeners are encouraged to subscribe, engage, and share the podcast as the hosts aim to inspire and educate their community.

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 Are you ready to talk about money without the headaches and without the boring financial jargon? We're Jess and Colleen, the hosts of Two Girls Investing podcast, and this is your first look at what we're all about. We're not financial advisors - we've just learned a lot over the years and we want to share it all with Canadian women. Colleen's journey is all about paying off debt and talking about money without the shame. Jess has been investing for 10 years and wants to share everything she's learned to help Canadian women make better financial decisions for themselves. Make sure to subscribe to the podcast so you never miss an episode. You can connect with us on IG and Tik Tok @twogirlsinvesting and you can also subscribe to our monthly newsletter through our Stan Store here 👉 https://stan.store/twogirlsinvesting Thanks for being here!