EP211 Milli Moves: How to Maximize your Employee Benefits

Young Money with Tracey Bissett

Today I’m going to be sharing how to maximize your employee benefits package. You’ve heard me talk about the importance of reading through legal agreements before, and the same is true when it comes to this area. Read everything related to your benefits, make notes, ask questions, and ask for a guide. To help you understand the important parts to be looking at, I’m going to break down the benefits into two groups: money for you and money savings for you. Listen in as I explain what an Employee Stock Plan is, as well as why you should always take advantage of employee matching through RRSP or TFSAs. You will learn the importance of reassessing your benefits annually and after any major life event, why you must understand what comes with naming a beneficiary, and how to utilize your Employee Assistance Plans.

“Reassess your benefits if you have a life change, typically a marriage, divorce, or new dependent like a baby.” - Tracey Bissett

This Week on Young Money:

• How to make the most of your employee benefits.
• Why it is important to ask for help when you don’t understand something.
• The two groups of benefits you should be looking into.
• What you need to know before selecting a beneficiary.
• The importance of reassessing your benefits after a major life change.

Key takeaways:

1. Do your due diligence.
2. Ask questions.
3. Assess your benefits annually.
4. Understand what you are signing up for.

Resources Mentioned:

• Tracey Bissett – Money Coach YouTube Channel
• Toronto Star Article - In Your Corner: The Key to Maximizing Your Workplace Benefits. Find out what they are

Join us for the Financial Foundation to Entrepreneurial Peace Training - Learn the Keys to Financial Basics & Money Mastery With Money Coach Tracey Bissett

Starting Monday, September 20. Register at bizpeace.com!

This LIVE training has been specifically designed for future and existing entrepreneurs across all industries online and offline who want to proactively change the way they are handling their money matters and navigate the current environment with success. In this LIVE Training You Will Learn:

• Session 1: Cash Flow 101 & Why it is Important to Know your #s (Key #1) & Cash Flow Forecasting 101 (Key #2) Monday, September 20 at 11am EST
• Session 2: Pricing 101 (Key #3) Tuesday, September 21 at 11am EST
• Session 3: Stakeholder Conversations (Key #4) Wednesday, September 22 at 11am EST
• Session 4: Putting into Practice your Full Set of Keys (Key #5) Thursday, September 23 at 11am EST
• Bonus Sessions: Money Mindset, Success Stories & Q&A Friday, September 24 starting at 11am EST

If you want to make informed, powerful money decisions, you do not want to miss this important LIVE training. We kick things off on Sept. 20th so head over to bizpeace.com to get registered today.

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