Ep #26: Changing Careers to Establish a Financial Coaching Business with Tracey Bissett

Tracey Bissett is the founder of Bissett Financial Fitness, based in Toronto, Canada. With 20 years of experience in the financial services industry, Tracey joins the show today to share her journey from joining the bank channel after graduation to creating a new venture that melded all of her interests to coach entrepreneurs and young people on the fundamentals of money.

Listen in to learn why she chose to provide limited engagement coaching versus full-blown ongoing financial planning—which she refers out to other financial planners—and how her revenue model has fully replaced her income as a corporate executive at one of Canada's largest banks. You'll learn the common mistakes new planners make when starting their careers, as well as what natural characteristics successful new planners tend to have in common.

What You'll Learn In Today's Episode:

Tracey’s journey in finance and how she got into the coaching field. (2:13)
What she did after her bank position was eliminated. (5:45)
How she found the space she loved working in. (8:29)
How financial coaching and planning differ. (12:06)
The revenue model Tracey has built to replace her corporate income. (14:12)
The students who secure the best jobs and opportunities. (23:00)
Common mistakes students and new grads make. (26:08)

Ideas Worth Sharing:

“I’m helping people understand the concepts and how it pertains to their life.” - Tracey Bissett Share on X “A lot of young adults want to do {financial planning} themselves, but they’re trying to go about doing that without even understanding the language of the financial world, and it’s important to understand those basics.” - Tracey Bissett Share on X “As long as you’re living within your means, you should go for your own dreams and not fall into whatever everyone else is doing.” - Tracey Bissett Share on X

Resources In Today's Episode:

Download your free copy of the New Planner Career Roadmap!

In this roadmap, you'll be guided through the details of various stages of your financial planner career, including position descriptions, licensing, skill and experience level requirements, and compensation ranges.