Tyler talks finance & basketball with Joseph “Budget Boss” Francis. Joe is a financial advisor and the founder of Budget Boss. We talk about Joe’s path to becoming a financial advisor, mortgages, saving and investing, and the sacrifices needed to provide a great life for our future selves. If you are a fan of finance or want to learn more about budgeting and financial independence, this is a great conversation to listen to. Joe is a wealth of knowledge. If you want to find more out about Joe and Budget Boss, check out:

Website: https://www.budgetboss.ca/

Facebook: https://www.facebook.com/JoeBudgetBoss/

LinkedIn: https://www.linkedin.com/in/josephjamesfrancis/

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As always, thank you for watching, listening or reading. Link to podcast: https://itunes.apple.com/ca/podcast/tyler-talks/id1396635219?mt=2

Transcripted (Unedited)

I’m gonna be, “I gotta get a little close it all right and I’m just gonna do one little quick test. Her joy, and you talk to say, Yeah, you want me to talk loudly because I’m a Portuguese guy, and I talk really loud

sometimes, that’s all I need to right, We’re gonna go joy. I feel like we’ve done this before. This is a long time, a long time ago, a couple of weeks. So I invited Joe onto this to be the first ever guest on the show. Didn’t go so well, we had root great conversation, but the boys got a little loud, and Ben and I ended up with some severely Clint audio, and I told Joy that if you go to if you were court-quiet, you can amplify the sound after but once you’ve made that commitment to picking that it doesn’t come back. So I always got his Facebook line on here at his stream, and you wanna change, I can you want to then you want you want to see a little bit of a… we’re below there you go now. Now we got exposed, that bodies. But take it you’ve been working on Shop. That’s true, that’s true. I’m working hiring Joe and I don’t… we’re not gonna run over the same stuff that we did last time.

So did wanna hear for anyone who’s watching? I’ve known Joe for several years now, the severe two years now, to a cereal a several years to its to moment. You walked into an incubator that I was in and really had just made… I don’t know, I just made the decision but we’re really officially launching with becoming a financial advisor, or looking to go down that path as well, too. So just to give anyone who’s listened to this watching this or readiness in the future, what guided you to become that financial advisor? So it’s funny when you met me, I was only in my career for a sign that was made in… so yeah, June, July, so three months, you met me when I was three months into it, and I knew one thing I knew, even though I didn’t know anything about anything, but I knew I had to have a web presence. So that’s one. I’m glad I reached out to you. So that’s sort of the whole bunch of this thing is you didn’t need to wind up in a tooth was not one that was you and so I’m giving you our crops here because having you…

the first thing you told me when I got into that was… you gotta be ready to be a Montreal. You said that, I went home with a OSHA came in the industry was for me a lot of money is always passing. Amy, my lack there of, was the biggest fascination and I always wanted to find a way to get more. And this leaves bother me, so if you take it out… but I always wanna find a way to get more and always fascinated me how people could turn money into more money.

Yeah,

it’s something growing up with no money, you don’t think of and it’s something that’s out. So that was something that fast name. I was always hard-working, but I only worked hard at things I wanted to do. Yeah, if I just eat one, I get that it’s not a ton, it’s not good because you should be able to work hard at anything you do. But if I didn’t enjoy it, I didn’t work on it, so I got into the industry with some of regular clients at a restaurant I worked at and I convinced me to join the industry and to learn a bit about investments, and insurance, so I went through my schooling in terms of that, and basically took my passion of budgeting and sort of making my money stretch and trying to help other people to be but it was through the hard knocks of having struggling with money, that really led me to once I started Turn-around a bit too to… and amplify it in my own life. But then help others get to them.

And I think that’s something that I’ve really admired about you is that it comes from experience, and I think there’s so many people right now we are talking about things that they maybe think that they’re experts in, but I haven’t had the personal experience ourselves, and at least from my belief, so far that if you don’t have at least some persistent or obstacles to overcome and power through that then you don’t really have that knowledge that you’re gonna get and try to share with other people, and that’s what I’ve really loved about you is not only are you doing the normal financial advisor stuff mortgage insurance and investments, all of this stuff but you’re trying to dispel trying to… you to a given resources and information and just help people along General. And I think that’s a reason why you’ve had some success and sort of differentiated yourself from other advisors because people aren’t coming to you just for those products and services, but for your overall work that you’ve done as a person trying to get better at science and just sharing that stuff. And that’s something we touched about in the last podcast, but that I also we talk about…

“but you broke on… that was one thing that was absolutely crazy, to me from a guy who… and I don’t know if you had too much writing in your past, but you just turned to me, I just met you, and then all of a sudden, I see you pumped out what 300 posts or something like… something ridiculous to the T-45. yeah, today newest one. Today’s post gonna say today. And then that’s a year and what you in four months, five months at a pretty short time. I was on a side in a year. But today’s post is… why don’t I remember this? Oh, what to do when you get out of Denison at the post? The biggest thing for me was that again, you explain to me how to work and I do, I had to actually get some words a ranking on Google. We’re still going or steroid. Notice my eyes flicking over. It’s the core monitoring that I’m the co-A, “I gotta get young genius what we… something here, I will hire a TA. You need one other person.

Yeah, but, but me, Yes, there’s a means to an end. I do wanna get rake it on Google.

What you helped me to at the same time though, I enjoy writing, a writing something I’ve always been great at, I’ve written my big thing in high school and university was writing on political science and history, but one as my business acumen grew, I really enjoy writing about finance and for me, what I find with a lot of successful financial writers or bloggers is that they try and make things easier for people to understand? And what I find a lot of my industry is that a lot of people try to make things more confusing, or foreign sound smarter.

So, yeah, it’s like, “You know what, it’s all basic stuff it’s just making the right decisions at the right time, and ultimately you don’t need to be a rocket science, scientist to do it. You don’t need to have an icon, whatever I do it, but the same time, though, a lot of it is more loss mitigation than as you wanna make sure you’re not making the wrong testing.

Yeah, right, so selling at the wrong time or not covering yourself at the right time or getting the wrong mortgage at the wrong time that has wrong families attached to it, or just getting a mortgage and all, if you’re not ready to no home, and people are gonna do what they wanna do. But I tell them what I told me what I think and yeah, that’s something I have listed here. There was two things. I’m gonna go for the mortgages first, ’cause you brought that out. We’re in Monte Ontario in on loan Ontario number, did you want it? But no, that’s a… but he, houses have inflated in pricing in London, we have seen the triple off of people from Toronto typically on a lot of wealthy people from Toronto, not wanting to live that lifestyle anymore, and moving not even maybe necessary now to it using it to Jack in the chat a couple of hours, I got 500 thousand I can throw the banana. So they’re doing that and coming to London, and it just seems to be pushing up prices, anywhere. I just read an article. They said that well and this was an economist, we try to predict US, but in Vancouver, that was his right now about 86 percent over value which I don’t know if…

to me, it seems like it sometimes even more than that, I don’t know. I’m not an economist so I don’t know, but I’m just wondering for you, you’re 35-36-43. I think it notorious for anyone. It’s not just us, but especially the people in The ’20s and were trying to get that first house. What kind of situation are we in right now, should we be waiting it out? Is it still time to do some purchasing, all this stuff? Are we trying to wait this and what are we doing? That’s what I need to know, ’cause I’m hearing different things from different people, and I’ve seen a lot of people jump into mortgages, I think for houses that are over-valued, that they’re now paying a little bit too much of… so a lot of their income into that and there’s other people who obviously went out and beat this big rush and sold or bottom and the right to that as opposed to this, my opin