EP087 Canadian MoneySaver with Lana Sanichar

Lana Sanichar is the President and Editor-in-Chief of Canadian MoneySaver, an independent investment advisory magazine and the co-host of The MoneySaver Podcast, a show which helps educate Canadians about money, saving, reducing debt, increasing assets, and safeguarding interests. Leading the Women’s Financial Awareness Group in her hometown, she helps inspire other women to take control of their finances. Lana also writes for several publications such as the Kincardine Independent and Costco Magazine.

 

Lana joins me today to share her story and explain the importance of having the right mindset to achieve financial fitness. She shares the three key elements that helped her secure her financial future, such as starting to save and invest as early as possible. She explains why it’s vital to invest in your education and to find mentors that can help you along the way. She also shares the incredible power of compound interest and how seeing it in action creates an addictive saving nature.

“Mindset is such a huge thing in personal finance. It’s just getting over that and taking those initial steps” – Lana Sanichar

This Week on Young Money:

 

• What Lana’s typical working day looks like.
• The mindset and three things that helped Lana find success.
• The turning point in her life that led her to secure her financial future.
• Tips for young adults who wish to secure their financial future.
• The importance of education and mentorship.
• The power of compound interest and starting to save and invest as early as possible.
• The addictive nature of saving and staying within a monthly budget.

 

Key takeaways:

 

1. Start saving, no matter how small, to secure your financial future.
2. Invest in yourself and your education.
3. Find a mentor.
4. Find a side hustle to earn more money.
5. Negotiate and ask for what you want.

 

Resources Mentioned:

 

• EP069 How to be Financially Resilient with Jackie Porter

 

Connect with Lana Sanichar:

 

• Canadian MoneySaver
• The MoneySaver Podcast
• Canadian MoneySaver on LinkedIn
• Canadian MoneySaver on Twitter
• Canadian MoneySaver on Facebook
• Lana Sanichar on LinkedIn
• Lana Sanichar on Twitter
• Lana Sanichar on Facebook

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