The Personal Finance Show

The Personal Finance Show is a place for people to tell their personal finance stories. Everyone has a personal finance story.

Episode 10 with Lending Loop, Mylo, & Wave

November 30th, 2017
00:0000:00

The Personal Finance Show with Beau Humphreys Episode 10 The SIBOS Interviews - Episode 1 - Lending Loop, Mylo, and Wave https://www.sibos.com/ https://www.lendingloop.ca/?code=b01e39 https://mylo.ai/ https://www.waveapps.com/ This is the first episode of a 3 part series called The SIBOS interviews. --- SIBOS - https://www.sibos.com/ What is SIBOS, you ask? SIBOS stands for Swift International Banking Operations Seminar, which sounds really really boring, but it has become much more than a seminar about banking operations. Every year since 1978, the SIBOS conference has been held in a different city around the world. Today, over 8,000 people from around the world attend SIBOS, with the highest attendance to date being 9,600 in Amsterdam in 2010. This year, the SIBOS conference was to be held in Toronto, so I applied for a press pass - and I got it. The delegate pass would have cost me 3,200 Euro so let’s just say the only way I could attend such a prestigious event would be with press credentials. The SWIFT organization is responsible for the SIBOS conference. SWIFT is another acronym, that stands for the Society for Worldwide Interbank Financial Telecommunication. For many years, SWIFT has been the only way to send money from a bank in one country to a completely different bank in another country. The conference is not just about the world’s banks getting together, but also about innovation and technology. To quote the SIBOS website: “The preeminent annual conference and exhibition connects more than 8,000 executives, decision makers and thought-leaders from financial institutions, market infrastructures, multinational corporations and technology partners. Sibos facilitates debate, networking and business collaboration that collectively shapes the future of payments, securities, cash management and trade.” --- THE SIBOS INTERVIEWS As I mentioned, The SIBOS interviews is in 3 parts and this is episode one. EPISODE 1 of the series gives you a quick introduction to 3 fintech companies that were part of the Canadian Fintech Corner: Lending Loop, Mylo, and Wave. EPISODE 2 is my Canadian fintech showcase where I interview Chad Sichello, Co-Founder of Dojo. http://www.dojo.co/ EPISODE 3 is an interview that could have only happened at SIBOS. Part three is the East African episode where I interview a group of amazing fintech leaders from Uganda, and we discuss the state of banking in East Africa. --- LENDING LOOP - https://www.lendingloop.ca/?code=b01e39 I originally interviewed the co-founders of lending loop for Episode 2 of The Personal Finance Show so when I saw that they were setup at SIBOS in the Canadian Fintech corner, I knew that I wanted to include them in Episode 1 of The SIBOS Interviews. MYLO - https://mylo.ai/ Mylo is a smartphone app that is fairly new and currently only available on the iOS app store but they are working on an Android beta so stay tuned for that. WAVE - https://www.waveapps.com/ Wave has been around since 2010. But they are recently new to me and they may be new to you, despite the fact that they currently have 2.8M customers worldwide. --- Thanks to Cato Pastoll from Lending Loop, Liam Cheung from Mylo and Rob Maurin from Wave for taking the time to chat with me. Next time on the Personal finance show I have Chad Sichello from Dojo for Episode 2 of The SIBOS Interviews. If you enjoyed this episode of The Personal Finance Show, please listen to the previous episodes and subscribe to the podcast. Also check out my blog at https://investwisely.ca. I would love to hear from you, good or bad, but hopefully good, so please if you have anything to tell me, email me at beau@investwisely.ca.

Episode 9 with Desirae Odjick

November 17th, 2017
00:0000:00

“Being good at money doesn’t mean you have to give up the things that you love.” - Desirae Odjick, https://www.halfbanked.com/ Desirae Odjick is very interested in helping you be great at money. The best part is that she breaks it down in a way we can all understand. This is sorely needed in the world of personal finance education. HALF BANKED Desirae originally started Half Banked because she ran the numbers and it turned out that she would have to save half her income to achieve all of her savings goals. And what better accountability than publishing updates on the internet along the way? Two years later and now she’s the one giving the advice - because she’s been through it and learned a lot along the way. We all need a helping hand when it comes to meeting our financial goals. There’s a reason why you’re good at engineering, or doctoring, or dentisting, or whatever it is you do to make money. It’s because you’re probably not super great when it comes to personal finance. Well, Desirae is. She can afford her dog(expensive!), her new house(expensive!!) and still meets her goal of saving 10% of her income before all that stuff (like living the life you want) gets in the way. How? By paying attention. (A.k.a. budgeting and tracking) A budget is a tool for freedom, not a prison. The hard truth is: you can’t have everything. At least not all at once. So if you put your priorities in a budget, you actually know if you can afford them or not. I enjoyed chatting with Desirae at FinCon in Dallas, Texas (even though we’re both Canadian!). If you enjoy the podcast, please subscribe on iTunes or leave a review so that I know you’re listening. Thanks! http://thepersonalfinanceshow.com https://investwisely.ca/podcast/