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

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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