EP 031 | WHY SMART ENTREPRENEURS DO DUMB THINGS WITH MONEY – PART 1
About this Episode
Why do smart entrepreneurs do dumb things with money? And more importantly, what can we do right now to make a positive and lasting change in our financial health and maturity? Money expert, Bruce Sellery has actionable advice.
In this episode we learn:
– the questions to ask yourself when you’re ready to get serious about your financial health
– how to make immediate changes to your financial strategies
– how to use a community to support your new habits
– why being financially savvy matters
1. Analyze—Review spending for two months. Note that you spend x$ on groceries x$ on your car, x$ on dining out, etc. Then look at the analytics.
2. Brainstorm—What are one or two things you can do differently? Don’t try to change everything at once. Identify a couple of areas that you can make a change.
3. Change—Implement the changes in those one or two areas.
Rinse and repeat!
Also, automate savings into retirement plan.
Meet Bruce Sellery
Personal Finance Expert
CBC, Cityline, MoneySense
Bruce Sellery is on a mission to help people get a handle on their money so they can live the life they want.
He is the author of two bestselling books, including Moolala: Why Smart People Do Dumb Things with Their Money (and What You Can Do About It) and Moolala: Guide to Rockin’ your RRSP.
He is the personal finance expert for the national lifestyle show Cityline and is a regular contributor on Breakfast Television, CBC TV’s On the Money, and CBC Radio. He writes advice columns for Chatelaine, Today’s Parent and Moneysense Magazine and was the host of Million Dollar Neighborhood on OWN: Oprah Winfrey Network. He spent ten years with CTV’s Business News Network, anchoring from both Toronto and New York City.
Prior to a career change to journalism, Bruce was a Brand Manager at Procter & Gamble. He is a graduate of the Smith School of Business at Queen’s University and current serves on its Board of Advisors. He is also a Vice President of the Canadian Club of Toronto.
He and his husband Dennis live in Toronto with their daughter Abby.