
EP212 Milli Moves: Purchasing Pro Tips
09/21/21 • 13 min
Deciding on a purchase can be harder than it seems. As a society, we are bombarded with choices and advertisements are everywhere fighting for our attention. People go about the buying process in many different ways, from researching everything to making a split-second decision on what to spend their hard-earned dollars on. So, in this episode, I am going to walk you through my purchasing pro tips to give you confidence the next time you are thinking about making a purchase. Listen in as I share the importance of contemplating whether you actually need an item before you spend money on it and how to decipher if you can actually afford it. There is nothing worse than buying something and then never using it. Not only did you waste your money, but you deprive yourself of something else you could have had instead. But if you follow these tips, they'll help you avoid this issue moving forward.
“ The first thing we should be thinking about is: do we need what we are contemplating buying? ” - Tracey Bissett
This Week on Young Money:
- How to ensure what you are wanting to buy is actually necessary.
- Why assessing whether you can truly afford something before haphazardly spending is key.
- When you should ask the experts for help.
- How to avoid wasting your hard-earned money.
- The importance of doing your research before making a purchase.
Key takeaways:
- Do your research.
- Understand your finances.
- Assess your wants and needs.
- Ask for help.
Resources Mentioned:
Join us for the Financial Foundation to Entrepreneurial Peace Training - Learn the Keys to Financial Basics & Money Mastery With Money Coach Tracey Bissett
Starting Monday, October 11. Register at bizpeace.com!
This LIVE training has been specifically designed for future and existing entrepreneurs across all industries online and offline who want to proactively change the way they are handling their money matters and navigate the current environment with success. In this LIVE Training You Will Learn:
- Session 1: Cash Flow 101 & Why it is Important to Know your #s (Key #1) & Cash Flow Forecasting 101 (Key #2) Monday, October 11 at 2pm EST
- Session 2: Pricing 101 (Key #3) Tuesday, October 12 at 2pm EST
- Session 3: Stakeholder Conversations (Key #4) Wednesday, October 13 at 2pm EST
- Session 4: Putting into Practice your Full Set of Keys (Key #5) Thursday, October 14 at 2pm EST
- Bonus Sessions: Money Mindset, Success Stories & Q&A Friday, October 15 starting at 2pm EST
If you want to make informed, powerful money decisions, you do not want to miss this important LIVE training. We kick things off on Oct. 11th so head over to bizpeace.com to get registered today.
Rate, Share & Inspire Other Young Millionaires-in-the-Making
Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.
Don’t forget to share your favorite episodes on social media!
Follow the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.
Deciding on a purchase can be harder than it seems. As a society, we are bombarded with choices and advertisements are everywhere fighting for our attention. People go about the buying process in many different ways, from researching everything to making a split-second decision on what to spend their hard-earned dollars on. So, in this episode, I am going to walk you through my purchasing pro tips to give you confidence the next time you are thinking about making a purchase. Listen in as I share the importance of contemplating whether you actually need an item before you spend money on it and how to decipher if you can actually afford it. There is nothing worse than buying something and then never using it. Not only did you waste your money, but you deprive yourself of something else you could have had instead. But if you follow these tips, they'll help you avoid this issue moving forward.
“ The first thing we should be thinking about is: do we need what we are contemplating buying? ” - Tracey Bissett
This Week on Young Money:
- How to ensure what you are wanting to buy is actually necessary.
- Why assessing whether you can truly afford something before haphazardly spending is key.
- When you should ask the experts for help.
- How to avoid wasting your hard-earned money.
- The importance of doing your research before making a purchase.
Key takeaways:
- Do your research.
- Understand your finances.
- Assess your wants and needs.
- Ask for help.
Resources Mentioned:
Join us for the Financial Foundation to Entrepreneurial Peace Training - Learn the Keys to Financial Basics & Money Mastery With Money Coach Tracey Bissett
Starting Monday, October 11. Register at bizpeace.com!
This LIVE training has been specifically designed for future and existing entrepreneurs across all industries online and offline who want to proactively change the way they are handling their money matters and navigate the current environment with success. In this LIVE Training You Will Learn:
- Session 1: Cash Flow 101 & Why it is Important to Know your #s (Key #1) & Cash Flow Forecasting 101 (Key #2) Monday, October 11 at 2pm EST
- Session 2: Pricing 101 (Key #3) Tuesday, October 12 at 2pm EST
- Session 3: Stakeholder Conversations (Key #4) Wednesday, October 13 at 2pm EST
- Session 4: Putting into Practice your Full Set of Keys (Key #5) Thursday, October 14 at 2pm EST
- Bonus Sessions: Money Mindset, Success Stories & Q&A Friday, October 15 starting at 2pm EST
If you want to make informed, powerful money decisions, you do not want to miss this important LIVE training. We kick things off on Oct. 11th so head over to bizpeace.com to get registered today.
Rate, Share & Inspire Other Young Millionaires-in-the-Making
Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.
Don’t forget to share your favorite episodes on social media!
Follow the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.
Previous Episode

EP211 Milli Moves: How to Maximize your Employee Benefits
Today I’m going to be sharing how to maximize your employee benefits package. You’ve heard me talk about the importance of reading through legal agreements before, and the same is true when it comes to this area. Read everything related to your benefits, make notes, ask questions, and ask for a guide. To help you understand the important parts to be looking at, I’m going to break down the benefits into two groups: money for you and money savings for you. Listen in as I explain what an Employee Stock Plan is, as well as why you should always take advantage of employee matching through RRSP or TFSAs. You will learn the importance of reassessing your benefits annually and after any major life event, why you must understand what comes with naming a beneficiary, and how to utilize your Employee Assistance Plans.
“Reassess your benefits if you have a life change, typically a marriage, divorce, or new dependent like a baby.” - Tracey Bissett
This Week on Young Money:
- How to make the most of your employee benefits.
- Why it is important to ask for help when you don’t understand something.
- The two groups of benefits you should be looking into.
- What you need to know before selecting a beneficiary.
- The importance of reassessing your benefits after a major life change.
Key takeaways:
- Do your due diligence.
- Ask questions.
- Assess your benefits annually.
- Understand what you are signing up for.
Resources Mentioned:
- Tracey Bissett – Money Coach YouTube Channel
- Toronto Star Article - In Your Corner: The Key to Maximizing Your Workplace Benefits. Find out what they are
Join us for the Financial Foundation to Entrepreneurial Peace Training - Learn the Keys to Financial Basics & Money Mastery With Money Coach Tracey Bissett
Starting Monday, September 20. Register at bizpeace.com!
This LIVE training has been specifically designed for future and existing entrepreneurs across all industries online and offline who want to proactively change the way they are handling their money matters and navigate the current environment with success. In this LIVE Training You Will Learn:
- Session 1: Cash Flow 101 & Why it is Important to Know your #s (Key #1) & Cash Flow Forecasting 101 (Key #2) Monday, September 20 at 11am EST
- Session 2: Pricing 101 (Key #3) Tuesday, September 21 at 11am EST
- Session 3: Stakeholder Conversations (Key #4) Wednesday, September 22 at 11am EST
- Session 4: Putting into Practice your Full Set of Keys (Key #5) Thursday, September 23 at 11am EST
- Bonus Sessions: Money Mindset, Success Stories & Q&A Friday, September 24 starting at 11am EST
If you want to make informed, powerful money decisions, you do not want to miss this important LIVE training. We kick things off on Sept. 20th so head over to bizpeace.com to get registered today.
Rate, Share & Inspire Other Young Millionaires-in-the-Making
Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.
Don’t forget to share your favorite episodes on social media!
Follow the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.
Next Episode

EP213 Journey to Investing and Entrepreneurship with Anjali Pradhan, Dahlia Wealth
Anjali Pradhan, CFA, is an investment coach to women through her business Dahlia Wealth. She teaches women to invest their money so that they can grow their wealth and live a life filled with opportunity, and her services are offered through a unique online program called “Investing for Boss Ladies.” In this episode, Anjali will be joining the show to share her expertise on investments and explain how you can start getting involved in investing today. Listen in as she describes how to get diversification in your money and why you should always start investing at an early age rather than waiting. You will learn the benefit of hiring a professional or asking for help when you start thinking about investing, as well as several mistakes to avoid in the process.
“When you are a business owner, you set the hours . ” - Anjali Pradhan
This Week on Young Money:
- Anjali’s background and how she got involved in finances.
- The challenges she faced as a woman in finances.
- How she has found a work-life balance.
- Success tips for investing.
- Why it is important to start investing at a younger age.
- Surround yourself with people who are also money conscious.
- Mistakes to avoid when investing your money.
Key takeaways:
- Invest your money.
- Do your research.
- Maximize employee benefits.
- Manage your money.
- Be responsible.
Connect with Anjali Pradhan :
Resources Mentioned:
- Tracey Bissett – Money Coach YouTube Channel
- EP062 What is your Money Mindset?
- EP038 Investor Spotlight Part 1
- EP039 Bitcoin and Other Cryptocurrencies Demystified with Alan Wunsche
- EP040 Investor Spotlight Part 2
- EP047 Adventures with Crypto – 5 Lessons Learned with Digital Wallets and Buy Transactions
- EP179 Milli Moves: Bitcoin – Investing or Gambling?
- EP181 Milli Moves: How to Avoid FOMO When Investing
- EP189 Milli Moves: Non-Fungible Tokens (NFTs) Explained
- EP195 Milli Moves 5 Lessons Learned from My First NFT Purchase
- EP211 Milli Moves: How to Maximize your Employee Benefits
Join us for the Financial Foundation to Entrepreneurial Peace Training - Learn the Keys to Financial Basics & Money Mastery With Money Coach Tracey Bissett
Starting Monday, October 11. Register at bizpeace.com!
This LIVE training has been specifically designed for future and existing entrepreneurs across all industries online and offline who want to proactively change the way they are handling their money matters and navigate the current environment with success. In this LIVE Training You Will Learn:
- Session 1: Cash Flow 101 & Why it is Important to Know your #s (Key #1) & Cash Flow Forecasting 101 (Key #2)Monday, October 11 at 2pm EST
- Session 2: Pricing 101 (Key #3)Tuesday, October 12 at 2pm EST
- Session 3: Stakeholder Conversations (Key #4)Wednesday, October 13 at 2pm EST
- Session 4: Putting into Prac...
If you like this episode you’ll love
Episode Comments
Generate a badge
Get a badge for your website that links back to this episode
<a href="https://goodpods.com/podcasts/young-money-with-tracey-bissett-176412/ep212-milli-moves-purchasing-pro-tips-16574634"> <img src="https://storage.googleapis.com/goodpods-images-bucket/badges/generic-badge-1.svg" alt="listen to ep212 milli moves: purchasing pro tips on goodpods" style="width: 225px" /> </a>
Copy