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Thursday, December 19, 2024

Lisa Hannam on measuring money and time, and extra


Who’re your cash heroes?

The perk of being a finance journalist is accessing completely different individuals—whether or not it’s an economist, a monetary planner or different Canadians—who share what they’ve realized from their very own lives and areas of experience. And as a service journalist who works on how-tos and explainers, there’s all the time that query at the back of my thoughts: “How can I apply this to my very own life?” I take somewhat bit from each interview and story that I learn.

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How do you wish to spend your free time?

I like studying. I like writing. I like to remain energetic. I attempt to steadiness out thoughts and physique actions in my free time. I need to be certain that I’m caring for either side of my well being.

If cash had been no object, what would you be doing proper now?

Truthfully, I might like to say, “precisely what I’m doing proper now.” However I believe cash permits us to do issues, which is why we work. Whereas I do love working, and I undoubtedly don’t shrink back from it, if cash had been no object, I might need to discover issues that I couldn’t in my on a regular basis life, that I can’t do whereas working, like travelling.

Nevertheless, that mentioned, I might in all probability be bored three months in and find yourself working once more.

What was your first reminiscence about cash?

Clearly, there are issues like lemonade stands or asking mother and pop for a deal with, however I believe essentially the most impactful reminiscence round cash was babysitting. I labored for a tremendous lady. She was a single mother, and I had a daily gig together with her two children each weekend. She paid me fairly nicely. One other household requested me to babysit. And so they bought the neighbourhood collectively, I assume whoever was going out with them that evening, and bought all their children collectively. So, I ended up babysitting 5 children for half the speed of my common gig. I hard-learned the worth of cash and my time and stress. I by no means went again to that home. That was an excellent lesson there.

What’s the very first thing you bear in mind shopping for with your personal cash?

Magazines. I used to be obsessive about magazines, and I discovered that magazines had been a greater worth for me as a teenage lady, as a result of I may see alternative ways to put on my garments, versus going out and shopping for issues that I noticed within the mall. The period of time I might spend with {a magazine} was so much. I might learn it from cowl to cowl a number of instances. I used to be simply so amazed with how the editors would anticipate my questions and made all the things so seamless and flawless to learn, whether or not it was studying a brand new ability or studying a couple of new development or music group or no matter. I used to be simply so impressed in how they answered each query earlier than I had it. I attempt to be that kind of editor right this moment.

What was your first job?

I labored all by way of highschool and college at my first “actual” job. I labored at Kentucky Fried Rooster. With my first paycheque, I took all my associates out for my birthday to Mom’s Pizza. It was plenty of enjoyable, and I bear in mind how cool it felt to have the ability to purchase my associates dinner.

What was the most important cash lesson you realized as an grownup?

I bear in mind studying what a pension was and realizing that I didn’t have one, and that being in journalism, I in all probability would by no means have one. I noticed an advert on the TTC, which is the Toronto subway, rapidly explaining RRSPs. So I made an appointment at my financial institution the place I had my checking account and my bank card, and I went in and mentioned, “I want an RRSP. Simply put gold in it.”

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