Jess and Colleen catch up on busy family schedules and rising costs, then discuss tax surprises when owning businesses, prompting plans to calculate and set aside amounts monthly and contribute more to RRSPs while balancing liquidity. They continue their “money myths” series, emphasizing that budgeting and saving are essential foundations but not enough for wealth and time freedom; investing to outpace inflation and increasing income through job changes, negotiating (especially for women), or side hustles are key accelerators. They also challenge the idea that all debt is bad, distinguishing high-interest consumer debt from productive debt like mortgages or business loans, and describe how wealthy people may borrow against assets to avoid selling and triggering taxes. Next episode addresses TFSA vs RRSP and Wealthsimple.00:00 TGIF Podcast Intro00:34 May Schedule Chaos01:07 Kids Sports Costs02:33 Tax Season Surprises04:22 RRSP Planning Balance06:24 Money Myth Budgeting08:30 Boost Income Strategies11:26 Money Myth Debt13:38 Rich Use Leverage15:19 Wrap Up Listener Qs

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

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