MISS FINDEPENDENT

S02E01: The REAL cost of camper van life

Welcome to SEASON TWO of MI$$ FINDEPENDENT!! In season one, we learned the basics of how to get our finances in order. In season two, Gloria will be opening the floor, using the podcast as a chill forum to normalize conversations about money.
Today she is joined by her friend Sachiko, who is building a campervan from scratch. They discuss Sachiko’s motivation behind the project, her relationship with money, budgeting for the build, and also budgeting for taking a year off to travel in the van. Hope this inspires others to get started on the project you have been thinking of starting - whether it is building a campervan of your own, or starting a side hustle. Just do the damn thing!
Links
Sachiko’s spreadsheet toolshttps://road-to-pitches.com/spreadsheet-tools
Road to Pitches on Youtubehttps://www.youtube.com/channel/UCWZDNjCrCLHeFA9oSj4QSXQ
Detailed Show Notes
https://www.missfindependentpod.com/show-notes/season-2-episode-1/
ReferralsSign up for no-fee banking with Tangerine or EQ using my referral code!
Tangerine - new accounts get 2.5% interest (first 5 months), use my Orange key: 40411403S1https://tangerine.ca
EQ Bank - all accounts get 1.5% interest:https://join.eqbank.ca?code=GLORIA1867
Thanks so much for tuning in!
--
Disclaimer - Miss Findependent is sharing perspectives on personal finance for educational purposes. It may not apply directly to your individual situation. I'm not a licensed financial advisor and it's a good idea to consult with one before making any serious financial decisions. References to products, offers, and rates from third parties often change, please double-check on the third party website to get the most up to date info.
---
Send in a voice message: https://anchor.fm/missfindependent/message

07: Just say NO to bank fees & funding an emergency

On the seventh episode of MI$$ FINDEPENDENT, Gloria wraps up Season 1. She is joined by her friend Vickie, they discuss emergency funds, avoiding bank fees and short to mid term investing for those financial goals. We will be talking about what an emergency fund is, how to set one up, different types of bank accounts, how to find the right bank account for you, as well as investing for short to medium term and some safe places to put your money.
Homework
Task 1: Set up and optimize your emergency fund
Task 2: Get rid of those pesky monthly bank account fees
Task 3: Consider opening a high interest savings account to save for your short term financial goals
Links/Sources
Canadian Financial Capability Survey 2019 - https://www.canada.ca/en/financial-consumer-agency/programs/research/canadian-financial-capability-survey-2019.htmlGov't of Canada bank account tool - https://itools-ioutils.fcac-acfc.gc.ca/ACT-OCC/SearchFilter-eng.aspxHigh interest savings accounts - https://www.highinterestsavings.ca/chart/Personal income spending flow chart - https://i.imgur.com/zlGnuDO.pngCanadian Banking Basics from the Canadian Bankers Association - https://bankingquestions.cba.ca/therightbankaccountforyouCDIC How deposit insurance works - https://www.cdic.ca/your-coverage/how-deposit-insurance-works/
Sign up for no-fee banking with Tangerine or EQ using my referral code!
Tangerine - new accounts get 2.5% interest (first 5 months), use my Orange key: 40411403S1https://tangerine.ca
EQ Bank - all accounts get 1.7% interest:https://join.eqbank.ca?code=GLORIA1867
Thanks so much for tuning in! Catch you on season 2.
--
Disclaimer - Miss Findependent is sharing perspectives on personal finance for educational purposes. It may not apply directly to your individual situation. I'm not a licensed financial advisor and it's a good idea to consult with one before making any serious financial decisions. References to products, offers, and rates from third parties often change, please double check on the third party website to get the most up to date info.
---
Send in a voice message: https://anchor.fm/missfindependent/message

06: TFSA, RRSP, OMG, ROFL, SOS?

On the sixth episode of MI$$ FINDEPENDENT, Gloria is joined by her friend Lucy, they discuss all these fun acronyms - tax-free savings accounts (TFSAs), registered retirement savings plans (RRSPs) and non-registered accounts - what they are, what their benefits are, what to invest in them, contribution limits and when to use each. One thing I wanted to mention that we didn't talk about is employer-matched retirement savings. If your employer will match your RRSP contribution, definitely sign up - it's free money!!
HomeworkTask 1: Determine whether you're in the financial position to invest right now
Task 2: Open up that TFSA if you haven't already! Determine whether now is a good time for you to open an RRSP based on your current tax bracket and earning potential
Task 3: Check your TFSA and RRSP contribution limits and contribute what you can!
Links/Sources2016 Canadian Census data on registered accounts - https://www12.statcan.gc.ca/census-recensement/2016/as-sa/98-200-x/2016013/98-200-x2016013-eng.cfm
2019 RBC Study - https://www.ipsos.com/en-ca/news-polls/For-First-Time-Ever-More-Canadians-Have-TFSA-than-RRSP
--
Disclaimer - Miss Findependent is sharing perspectives on personal finance for educational purposes. It may not apply directly to your individual situation. I'm not a licensed financial advisor and it's a good idea to consult with one before making any serious financial decisions. References to products, offers, and rates from third parties often change, please double check on the third party website to get the most up to date info.
---
Send in a voice message: https://anchor.fm/missfindependent/message

05: Debt and credit score myths BUSTED

On the fifth episode of MI$$ FINDEPENDENT, Gloria is joined by her friend Albert, they discuss debt and credit scores - different kinds of debt, strategies to pay them off, what a credit score is, how to figure it out and factors that affect your credit score and why it’s important.
Homework
Task 1: If you have debt, create a repayment plan by listing our all of your debt from largest to smallest (sum or interest rate). If you need help, credit counseling is available: https://www.canada.ca/en/financial-consumer-agency/services/debt/debt-help.html
Task 2: Find out your credit score and determine whether you need to take steps to improve it
LinksWhere to check your credit score:
Borrowell - https://borrowell.com/
Credit Karma - https://www.creditkarma.ca/
Mogo - https://www.mogo.ca/free-credit-score
Sources:Gov't of Canada Financial Consumer Agency Debt Free Plan - https://www.canada.ca/en/financial-consumer-agency/services/debt/plan-debt-free.htmlGov't of Canada Financial Consumer Agency Credit Score Info - https://www.canada.ca/en/financial-consumer-agency/services/financial-toolkit/credit/credit-5/3.htmlCommon Credit Score Myths - https://bankruptcycanada.com/dealing-with-debt/common-credit-score-myths/
--
Disclaimer - Miss Findependent is sharing perspectives on personal finance for educational purposes. It may not apply directly to your individual situation. I'm not a licensed financial advisor and it's a good idea to consult with one before making any serious financial decisions. References to products, offers, and rates from third parties often change, please double check on the third party website to get the most up to date info.
---
Send in a voice message: https://anchor.fm/missfindependent/message

04: The B Word (Budgets)

On the fourth episode of MI$$ FINDEPENDENT, Gloria is joined by her friend Martin, they discuss budgeting - what a budget is, tools to help you budget, our expense tracking in the last month and what we learned from them, the social aspect of saving, habit creation for budgeting, and how to make budgeting not feel so restrictive.
Homework
Task 1: Calculate and categorize your expenses for the last 3 months (or maybe 2019 to get an accurate pre-COVID picture)
Task 2: Create a spending plan
Links
Canadian Financial Capability Survey Highlights: https://www.canada.ca/en/financial-consumer-agency/programs/research/canadian-financial-capability-survey-2019.html
Government of Canada Budget Planner: https://itools-ioutils.fcac-acfc.gc.ca/BP-PB/budget-planner
Mint: https://www.mint.com/
--
Disclaimer - Miss Findependent is sharing perspectives on personal finance for educational purposes. It may not apply directly to your individual situation. I'm not a licensed financial advisor and it's a good idea to consult with one before making any serious financial decisions. References to products, offers, and rates from third parties often change, please double check on the third party website to get the most up to date info.
---
Send in a voice message: https://anchor.fm/missfindependent/message

03: How can I make money outside of my day job?

On the third episode of MI$$ FINDEPENDENT, Gloria is joined by her friend Wendi, they discuss having multiple income streams - from formulating ideas, to starting a side hustle, to gaining traction and staying motivated.
Homework
Task 1: Think about something you like to do that you can capitalize on
Task 2: Dare I say, get it started?
LinksSupport local businesses by buying gift cards for their products/services at Support SME - https://supportsme.ca/customer
tala, an awesome new Filipino restaurant in downtown Toronto - https://www.talatoronto.com/
Teaching online platforms:
Teachable - https://teachable.com/teach-online
Udemy - https://www.udemy.com/teaching/
An article from OEDB that lists out different platforms - https://oedb.org/ilibrarian/6-free-platforms-teaching-online/
Teaching English online:
Magic Ears - https://t.mmears.com/v2/
VIPKid - https://www.vipkid.com/teach
An FAQ from GoAbroad about teaching English online - https://www.goabroad.com/articles/teach-abroad/teaching-english-online
--
Disclaimer - Miss Findependent is sharing perspectives on personal finance for educational purposes. It may not apply directly to your individual situation. I'm not a licensed financial advisor and it's a good idea to consult with one before making any serious financial decisions. References to products, offers, and rates from third parties often change, please double check on the third party website to get the most up to date info.
---
Send in a voice message: https://anchor.fm/missfindependent/message

02: Things your bank isn't telling you...

On the second episode of MI$$ FINDEPENDENT, Gloria is joined by a friend and they talk about some of the topics that will be further covered in depth over the course of this season, like things your bank isn't telling you - there's money you could be leaving on the table. Bank fees? Interest? Investments? We're talking about it all today.
Sign up for no-fee banking with Tangerine or EQ using my referral code!
Tangerine - new accounts get 2.5% interest (first 5 months), use my Orange key: 40411403S1https://tangerine.ca
EQ Bank - all accounts get 1.7% interest:https://join.eqbank.ca?code=GLORIA1867
Cover art by Suzzhang
--
Disclaimer - Miss Findependent is sharing perspectives on personal finance for educational purposes. It may not apply directly to your individual situation. I'm not a licensed financial advisor and it's a good idea to consult with one before making any serious financial decisions. References to products, offers, and rates from third parties often change, please double check on the third party website to get the most up to date info.
---
Send in a voice message: https://anchor.fm/missfindependent/message

01: A Canadian's average net worth is WHAT?

On the first episode of MI$$ FINDEPENDENT, Gloria is joined by her sister and they talk about why she started this podcast, why you should know your net worth and how to calculate it, as well as some statistics on average Canadian and American net worths. Net worth is a snapshot of your financial security at a given point in time and it’s a really good launching pad to help you plan for and keep track of your financial goals.
Homework:Task 1: Find out your net worth if you don’t know already or if you haven’t calculated it in a while
Task 2: Share this with someone who you think would benefit
Real property valuation estimates:Car - Kelly Blue Book: http://kbb.ca
Car - Canadian Black Book: https://www.canadianblackbook.com/Real estate - Zolo: http://zolo.ca
Net worth statistics:US Federal Reserve - Survey of Consumer Finance 2016 - https://www.federalreserve.gov/publications/files/scf17.pdf
Statistics Canada - Survey of Financial Security 2016 - Total and median net worth by age and family type - https://www150.statcan.gc.ca/n1/daily-quotidien/171207/t001b-eng.htm
Statistics Canada Survey of Financial Security - Interactive Table - https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1110001601
--
Disclaimer - Miss Findependent is sharing perspectives on personal finance for educational purposes. It may not apply directly to your individual situation. I'm not a licensed financial advisor and it's a good idea to consult with one before making any serious financial decisions. References to products, offers, and rates from third parties often change, please double check on the third party website to get the most up to date info.
---
Send in a voice message: https://anchor.fm/missfindependent/message

Coming soon: MISS FINDEPENDENT

A personal finance podcast for young Canadians - starting from the basics to help you manage your money. Covering topics from budgeting to the financial independence movement to careers.
Make your money work for you!
---
Send in a voice message: https://anchor.fm/missfindependent/message