Two Girls Investing Podcast

In this TGIF Two Girls Investing Friday episode, the hosts discuss cold March weather before diving into mortgages and HELOCs as many Canadian mortgages come up for renewal. They review responsible HELOC uses like debt consolidation, and explain the Smith Maneuver concept of borrowing against growing home equity to invest, noting the risks of borrowing to invest if markets decline and the need to repay the HELOC. They also cover how investment-loan interest can be tax deductible in Canada when investing in a non-registered account, and mention rising (but still low) title/property fraud where having a HELOC lien may add protection. They describe an equity mortgage that automatically makes paid-down principal available via HELOC for uses like rental property down payments, then define MER (management expense ratio), contrasting high-fee mutual funds with lower-fee ETFs and how fees erode long-term returns.00:00 Welcome to TGIF00:34 March Weather Catchup01:49 Mortgage Renewals and HELOCs02:50 Smith Maneuver Explained05:11 Risks of Borrowing to Invest06:11 Tax Deductible HELOC Interest07:16 Title Fraud and HELOC Protection09:30 Equity Mortgage for Rentals11:52 MER Investing Fees 10116:04 Mutual Funds vs ETFs Fees20:01 Next Episode and Wrap Up

In this TGIF Two Girls Investing Friday episode, Jess and Colleen discuss building wealth without jargon by focusing on diversification and how home equity lines of credit (HELOCs) fit into mortgage and debt strategy. They explain why a diversified portfolio helps manage risk, using a “stiletto vs. snowshoe” analogy, and Jess shares her own mix: mostly stock ETFs across the US, Canada, and global markets, plus some high-dividend ETFs, a small allocation to bonds and gold (via a gold ETF), and an emergency fund in a high-interest savings account, all held on Wealthsimple due to low fees. They define key terms like stocks, ETFs, bonds, and bond maturity dates, including all-in-one portfolio ETFs. They also cover HELOCs as secured credit with lower rates, best used for debt consolidation or value-adding renovations rather than depreciating purchases, and preview a future episode on debt payoff and credit score strategies.00:00 Welcome to TGIF00:34 Friday Money Mindset01:58 Why Diversify02:34 Snowshoe vs Stiletto04:24 Jess Portfolio Breakdown05:15 Platforms and Fees06:37 ETFs Stocks Bonds Explained09:15 All in One ETFs11:30 Individual Stocks and Gold13:08 Start Small Keep Learning14:46 HELOC Basics16:39 Using HELOCs Wisely21:32 Debt Payoff Updates Next22:50 Wrap Up and Follow

In this TGIF Two Girls Investing Friday episode, Colleen & Jess continue their real estate series by focusing on how to access a down payment for rental properties that typically require 20% down. They share personal money wins and lessons about resisting unnecessary purchases, including returning clothes and missing an electronics return window. Jess explains how profits from selling a renovated Calgary home became invested in her TFSA/RRSP, grew over about six years to $60,000 with continued monthly contributions, and helped fund a 20% down payment on an Airbnb rental alongside her husband. For a second property, she describes saving again and using refinancing to pull equity from the existing rental, outlining how lenders may allow borrowing up to 80% of an appraised value, how payments and interest rates affect the decision, and that proceeds are tax-free but accrue interest. They also discuss Whitehorse’s low vacancy rate, high rents, and choosing to rent below market to avoid gouging, then tease a future episode on portfolio diversification.00:00 Welcome to TGIF00:34 Real Estate Series Setup01:10 Money Win Returns02:41 Return Window Lessons03:50 Mindset on New Outfits05:42 Down Payment Story08:15 Using Equity Refinance09:11 Refinance Math Explained11:06 Payments and Rate Risks14:12 Rental Market Ethics15:57 Impact and Money Mindset18:33 Wrap Up and Next Episode

The hosts, Jess and Colleen, of TGIF Two Girls Investing Friday discuss actionable ways to start investing in real estate, focusing first on house hacking—buying a primary residence (including duplexes, triplexes, or suites) and renting part of it to help cover the mortgage—highlighting access to lower down payments (5% up to $500,000 and 10% up to $1,000,000), lower interest rates, and the rule to live in the home for a year. They share alternative strategies for saving a down payment, like house sitting or living with family, and cover renovations as “sweat equity.” They compare primary residences versus rentals, explaining capital gains tax on rental property sales, rules discouraging quick flips, and how taxes apply when a property is partly rented over time. They also discuss short-term rental restrictions in Whitehorse and using RRSP contributions and write-offs to reduce taxable rental income.Sign up for our monthly newsletter and see our other resources HereConnect with us on:Tik TokInstagram00:00 Welcome to TGIF00:34 Real Estate Game Plan00:58 House Hacking Basics04:41 Saving for a Down Payment06:47 Renovate and Flip Lessons09:22 Rentals and Capital Gains12:34 Airbnb Rules and Balance15:36 Rental Income Tax Strategy18:06 Wrap Up and Next Episode

In this TGIF episode of Two Girls Investing, Jess & Colleen draw parallels between Olympic progression and the investing mindset. Using their backgrounds as figure skaters, they highlight athletes like 42-year-old Deanna Stellato-Dudek to prove that it’s never too late to start, whether in sports or finance.Key Highlights:Celebrating Wins: The hosts share a listener's success in paying off a car and hitting financial milestones early, emphasizing the power of small victories.Credit & Debt: Expert tips on managing debt and improving credit utilization (aiming for under 50%) to prep for mortgage renewals and negotiations.Real Estate Basics: A guide to down payments (5% for primary vs. 20% for rentals) and a candid debate on whether a primary home is a "true" investment given taxes, maintenance, and interest.Market Insights: How real estate serves as a diversification tool, the impact of the 2008 financial crisis, and the roles of character and integrity in the financial world.The episode wraps with a look at real estate as a "next step" after maxing out TFSAs and RRSPs. For more, follow the show on Spotify, TikTok, and Instagram.0:00 Welcome to TGIF: Investing Made Simple (Not Financial Advice)00:34 Today’s Agenda: Olympics, Listener Win, and a Real Estate Series01:08 How We Met: Competitive Figure Skating Rivals Turned Friends01:29 Olympic Figure Skating Glow-Up: Quads, Quad Axels & New Scoring Tricks03:18 Age Isn’t a Limit: The 42-Year-Old Olympian That Changed Our Mindset07:35 From Athletic Longevity to Money Mindset: It’s Never Too Late to Invest08:16 Listener Win of the Week: Paying Off a Car + Hitting a Big Goal Early08:53 Celebrate the Small Money Wins: Debt Progress, Mindset & Accountability10:47 Boosting Your Credit Score Before Mortgage Renewal11:21 Debt Payoff Strategy Shift: Getting Balances Under 50%12:06 Real Estate Basics: Personal Home vs. Rental Property Rules13:14 Is Your Primary Residence Really an Investment?14:40 Hidden Costs of Homeownership (Taxes, Insurance, Maintenance)15:58 Jess’s Real Estate Path: Renting + Airbnb + New Build Rentals16:30 Why Rental Properties Need 20% Down (and Higher Rates)17:05 Real Estate as Portfolio Diversification After TFSA/RRSP19:24 Do Real Estate and Stocks Crash Together21:01 2008 Crisis Explained: Subprime Mortgages & Mortgage-Backed Securities21:59 Money, Greed, and Character: The Ethics Behind Financial Decisions23:31 Wrap-Up: Listener Qs, Where to Comment, and Next Episode Teaser

In this episode of 'TGIF Two Girls Investing Friday,' Jess and Colleen dive into personal finance strategies with a focus on the everyday choices that can impact financial health. They begin with a light-hearted chat about balancing life's small luxuries, like coffee outings, with broader financial goals. The conversation then transitions into detailed discussions on saving on taxes, the benefits and differences between RRSPs and TFSAs, and strategies for doing taxes either independently or with professional help. The episode wraps up with a teaser for their next discussion on real estate investing, inviting listeners to contribute their questions on the topic.00:00 Welcome to TGIF: Two Girls Investing Friday00:36 Personal Finance and Lifestyle Choices00:54 Moments of Magic: Finding Joy in Everyday Expenses03:49 Personal Finance is Personal08:17 Diving into Taxes: Tips and Tools13:04 Exploring TurboTax and Wealthsimpe for Taxes13:36 Rental Income and Taxes15:18 Tax-Saving Strategies and Credits16:43 Understanding RRSPs and TFSAs for Tax Benefits20:45 Claiming Work-Related Expenses and Union Fees25:28 Final Thoughts and Upcoming Real Estate Episode

In this episode of TGIF Two Girls Investing Friday, the hosts return from a brief hiatus during which one of them visited Kenya. They share details about the mesmerizing safari and coastal experiences in Kenya, discussing the cost implications of currency. They then pivot to discuss business ventures, with Colleen detailing her journey of turning her love for shopping into a successful subscription box business supporting Canadian small businesses. Jess shares insights on running an Airbnb, including the tax benefits and strategic expense tracking to minimize taxable income. They conclude by teasing the next episode, which will focus on tax strategies.00:00 Welcome to TGIF: Two Girls Investing Friday00:34 Jess's Kenya Adventure04:49 Turning Shopping into a Business07:48 Financial Benefits of Running a Business10:45 Maximizing Inventory Efficiency11:03 Paying Yourself and Business Growth11:53 Personal Finance Strategies14:46 Understanding High-Interest Savings Accounts15:05 Monthly Interest Myths18:17 Tax Benefits of Owning Rental Properties21:34 Concluding Thoughts and Next Episode Teaser

In this episode of TGIF: Two Girls Investing Friday, Jess and Colleen break down the fundamentals of budgeting and saving for a major trip, as Jess prepares for her upcoming visit to Kenya. They discuss the costs involved, including flights, safari expenses, and accommodations, and share strategies for saving and budgeting over a lengthy period. Additionally, Jess and Colleen touch on topics like delayed gratification, the importance of financial planning with a partner, and balancing immediate desires with long-term financial goals. The episode closes with a teaser for their next discussion on money myths and how Colleen turned her love for shopping into a business.00:00 Welcome to TGIF: Two Girls Investing Friday00:34 Jess's Trip to Kenya: Planning and Budgeting02:41 Safari Adventures and Costs09:00 Saving Strategies and Financial Discipline12:25 Balancing Financial Goals and Enjoyment17:28 Upcoming Episodes and Listener Engagement18:12 Closing Remarks and Social Media

In this episode of TGIF - Two Girls Investing Friday, Jess & Colleen discuss their personal experiences with extreme winter conditions in the Yukon and the financial implications it carries. They talk about the increased costs related to vehicle maintenance, fuel, and children's winter gear, providing a real-world perspective on unexpected expenses. The conversation also delves into the concept of the value of a dollar, highlighting how saving and investing money can compound over time, significantly increasing its potential value. The hosts share practical tips on how to shift one's mindset towards more mindful spending and the long-term benefits of investing. As a teaser for the next episode, one of the co-hosts promises to reveal the detailed costs of an upcoming trip to Kenya and how she budgeted for it.00:00 Introduction to TGIF: Two Girls Investing Friday00:34 Surviving the Yukon Cold: Vehicle Challenges01:55 Fuel and Maintenance Costs in Extreme Cold04:57 Winter Gear and Family Expenses11:09 Bus Cancellations and Winter Challenges12:53 Financial Planning for Unpredictable Expenses14:09 The Value of a Dollar16:34 $50 Spent vs Invested18:40 Make Your Money Work For You 21:23 Share With Us Your Win of The WeekSign up for our monthly newsletter and see our other resources HereConnect with us on:Tik TokInstagram

In this episode of TGIF Two Girls Investing Friday, hosts Jess and Colleen catch up after a holiday break and delve into their personal experiences of surviving an intense cold spell in the Yukon with temperatures plunging between -45 to -50°C. They discuss the practical and financial challenges encountered, including soaring heating bills, increased gas usage, and the difficulties in maintaining vehicles and homes during extreme weather conditions. Reflecting on their financial journeys in 2025, they highlight their investment successes, the impact of controlled spending, and share thoughts on improving financial habits in the new year. Tune in for a candid conversation about managing finances in challenging environments and insights for a prosperous 2026.00:00 Welcome to TGIF: Two Girls Investing Friday00:34 Catching Up After the Holidays00:58 Surviving the Harsh Winter05:44 Financial Implications of Extreme Cold11:47 Reflecting on the Past Year17:43 Wrapping Up and Looking AheadSign up for our monthly newsletter and see our other resources HereConnect with us on:Tik TokInstagram

In this episode of TGIF: Two Girls Investing Friday, the hosts discuss practical and relatable strategies for saving money during the Christmas season, from splitting gift costs with family members to utilizing local recycling programs for gift certificates. They also detail how to build a diversified portfolio, emphasizing the importance of considering timeline, goals, and risk tolerance. Listeners will learn about the balance between stocks and bonds in a portfolio, usage of all-in-one ETFs, and helpful tools like RoboAdvisors for assessing risk tolerance. The episode wraps up with a reminder to stay financially savvy and prepare for the upcoming year.Sign up for our monthly newsletter and see our other resources HereConnect with us on:Tik TokInstagram

In this episode of Two Girls Investing Fridays, hosts Jess & Colleen delve into the concepts of bull and bear markets, explaining what they are and how they impact investing strategies. The hosts discuss their personal experiences with the fluctuating market, offering practical advice on how to maintain investments during downturns and the importance of dollar-cost averaging. Alongside market talk, they touch on seasonal changes in the Yukon, Black Friday shopping tips, and staying financially mindful during the holiday season. This episode aims to demystify financial jargon and empower listeners with actionable investing knowledge, all while maintaining an easy-going and relatable atmosphere.Sign up for our monthly newsletter and see our other resources HereConnect with us on:Tik TokInstagram

In this episode of TGIF (Two Girls Investing Friday), the hosts dive into the concept of Dividend Reinvestment Plans (DRIP) and how they can benefit your investment portfolio. They explain how reinvesting dividends can promote compounding growth and provide a buffer during market downturns. The hosts also share personal tips on affordable vacation strategies, like splitting costs with friends for a cabin getaway, and practical meal-planning hacks to avoid frequenting DoorDash. Additionally, they address listener questions about the benefits and drawbacks of DRIP and discuss the implications of market corrections in future episodes. Tune in for a candid, jargon-free conversation aimed at making finance approachable for everyone.Sign up for our monthly newsletter and see our other resources HereConnect with us on:Tik TokInstagram

In this episode of TGIF (Two Girls Investing Friday), the hosts Jess and Colleen explore practical and often overlooked ways to save money in everyday life. They share personal stories, such as using apps for discounts on meals and shopping at discount stores like The Last Hunt and Poshmark. Beyond these tips, they delve into the world of interest rates, explaining how they are set and the role they play in both borrowing and saving. This episode aims to demystify financial concepts and provide listeners with strategies to better manage their money.Sign up for our monthly newsletter and see our other resources HereConnect with us on:Tik TokInstagram

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.Sign up for our monthly newsletter and see our other resources HereConnect with us on:Tik TokInstagram

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.Sign up for our monthly newsletter and see other resources HereConnect with us on:Tik TokInstagram00:04 Welcome to TGIF: Two Girls Investing Friday00:46 The Frustrations of Facebook Marketplace04:28 The Hassles of Insurance and Cell Phone Bills07:00 The Challenges of Thrifting and Online Shopping10:13 Bedtime Phone Habits10:36 Setting Up a Self-Directed Investing Account11:31 Choosing the Right ETFs14:04 Using AI for Investment Research16:42 Understanding Dividends20:13 Growth vs. Value Stocks21:36 S&P 500 and NASDAQ 100 Explained22:55 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.Sign up for our monthly newsletter and see other resources HereConnect with us on:Tik TokInstagram00:00 Introduction to TGIF: Two Girls Investing Friday00:42 Weekly Financial Wins and Setbacks01:54 The Cost of Seasonal Gear for Kids06:51 The Impact of Bank Fees Over Time09:34 The Power of Long-Term Investing12:01 Day Trading vs. Long-Term Investing14:06 The Nature of Financial Silence15:06 Day Trading vs. Long-Term Investing17:20 Understanding Dollar Cost Averaging18:20 Automating Your Investments21:00 Self-Directed Investing Explained23:24 The Impact of Fees on Investments26:51 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.Sign up for our monthly newsletter and see other resources HereConnect with us on:Tik TokInstagram00:00 Introduction to TGIF: Two Girls Investing Friday00:34 Weekly Money-Saving Tips08:02 Investing in RRSP vs TFSA08:13 Understanding RRSP and TFSA09:03 Tax Implications and Strategies10:38 Practical Tips for Managing RRSP and TFSA22:27 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.Sign up for our monthly newsletter and see other resources HereConnect with us on:Tik TokInstagram

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.Sign up for our monthly newsletter and see other resources HereConnect with us on:Tik TokInstagram

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.Sign up for our monthly newsletter and see other resources HereConnect with us on:Tik TokInstagram

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.Sign up for our monthly NewsletterConnect with us on:Tik TokInstagram

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.Sign up for our Newsletter Connect with us on:Tik TokInstagram

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!