Tracey Bissett: No Tears Finance

Author: Dean Newlund
Published: Tue 15 Feb 2022
Episode Link: https://leadovation.simplecast.com/episodes/tracey-bissett-no-tears-finance-Z5JrBvH0

As chief financial fitness trainer of Bissett Financial Fitness Inc., Tracey educates and empowers individuals, notably young adults, and entrepreneurs to take control of and live their financial lives with confidence. As a former executive at TD Bank, one of Canada's Big 5 Banks, Tracey has worked with and in support of thousands of individuals and entrepreneurs to secure the financing they needed. This hands-on experience coupled with her formal financial education, Masters of Business Administration and Chartered Financial Analyst Designation, position Tracey uniquely to coach about all things money. Tracey is a full-time professor in the financial services faculty within the Business School at Centennial College. She leads speaking engagements and is the Executive Producer and host of the Young Money podcast all focused on increasing financial fitness. Tracey was named the Silver Award winner for The IFSE Institute Award for Financial Literacy Champion through the Wealth Professional Awards 2020 and Bissett Financial Fitness Inc. a Worldwide Finance Awards 2020 winner.

In this episode, Dean Newlund and Tracey Bissett discuss:

Looking beyond the numbers
Communicating finance with kids
Understanding cash flow
Building credit history

Key Takeaways:

Look a little bit broader, don’t be blinded by big salary numbers. Make sure that you’re developing relationships and that you really value the work, you like the people you work with and the clients that you serve.
Communicate finances clearly with children. Explain simple concepts that are appropriate for their age. At the same time teach them to look at finances positively with an abundant perspective. Keep the dialogue going and follow up.
You must understand how cash flows in and out of your business. Money comes in and money goes out, the timing of when that happens is what you need to understand.
In the early parts of your business seek credit immediately even if you don’t need it. You need to start the clock of your business’s credit history as soon as possible.

"Being able to think for yourself and get information from a variety of sources and actually make up your own mind is really key… challenge everything. Stick with the facts, make sure the numbers are based on reality." — Tracey Bissett

Check out “Easy Peasy Finance” by clicking here: www.youtube.com/c/EasyPeasyFinance/

See Dean’s TedTalk “Why Business Needs Intuition” here: https://www.youtube.com/watch?v=EEq9IYvgV7I

Connect with Tracey Bissett:

Website: https://www.bissettfinancialfitness.com/ | https://ymwithtraceybissett.libsyn.com/

Twitter: https://twitter.com/bissettfinfit

Instagram: https://www.instagram.com/bissettfinfit/

Facebook: https://www.facebook.com/bissettfinfit/

LinkedIn: https://www.linkedin.com/in/traceybissett/

YouTube: https://www.youtube.com/c/TraceyBissettTheMoneyCoachforEntrepreneurs

Connect with Dean:

YouTube: https://www.youtube.com/channel/UCgqRK8GC8jBIFYPmECUCMkw

Website: https://www.mfileadership.com/