More Money Podcast - 138 How to Talk to Your Kids About Money - Buzz Bishop, Radio Host & Founder of DadCamp

Episode Date: January 17, 2018

For my first episode of SSN 6 of the Mo' Money Podcast, I interview well-known Canadian radio personality Buzz Bishop about DadCamp & how he teaches his kids about being responsible with money. Long description: It’s the start of a new season for the Mo’ Money Podcast (Season 6 to be specific), and I have got quite the line-up of guests for you, let me tell ya! And similar to last year, this season definitely has a theme. Well, two themes really: financial independence and women authors. For this first episode of Season 6, we’re gonna start with the financial independence theme, since I interview well-known radio personality and influencer Buzz Bishop. As I mentioned in the episode, I’ve been listening to Buzz since I was a tween, so it’s pretty surreal that I’m now interviewing him on my show! But a lot has changed in his life since those days at Z95.3 in Vancouver. On top of doing radio across the country, he also has two boys and founded DadCamp, a community and website that’s focused on getting dads together to learn from each other, bond and create a discussion surrounding the role of fathers today. Since Buzz is already a successful media personality, DadCamp isn’t something he created to just earn more money on the side. He wanted to create it as way to help give back. So, all of the money he earns from it, he flips to Diabetes Canada and Team Diabetes, two causes he’s very passionate about. Is Buzz the best? Aside from talking about DadCamp, we dive into his perspective on money, how he manages his personal finances and invests it, and also how he teaches his kids about money. He learned a lot from his dad, so he wants to make sure he does the same to his two boys. And he teaches them by weaving it seamlessly into regular conversations. Making it a natural topic of discussion is key, as well as being open to answering questions. He also empowers his kids by giving them work to do on his blog so they can earn money. I think this is a great way to teach kids about saving, budgeting and earning money in a very practical and hands-on way. Kids learn best by doing, so I have a feeling his kids will be experts by the time they reach their 20s. Learn More About Buzz Bishop Check out DadCamp Like DadCamp on Facebook Subscribe to DadCamp on YouTube Follow Buzz on Twitter For full episode show notes: https://jessicamoorhouse.com/138 Learn more about your ad choices. Visit megaphone.fm/adchoices

Hello, hello, hello, and welcome to episode 138 of the Mo Money podcast and the first episode in season six of the show. And oh, happy new year and happy 2018. Thanks for letting me take a little bit of a break in December. I definitely needed it. I needed some time to organize my life, get some things done and take a little bit of a rest. And I got one of my last and biggest goals for 2017 done right, I mean, literally a few days before December 31st. So I think I've mentioned it a couple times in the podcast here and there. But I finally, finally completed my training to become a financial counselor. I took the program to become an accredited financial counselor Canada and finally finished my coursework and passed my last exam on December 29th because I'm a crazy person and I really want to get it done before the new year. And I did it

and I passed. And I finally got my accreditation and my certificate. So if you're ever wondering, hey, who is this chick talking about money? And what's her credentials? Well, I've got some in the form of certificate as an accredited financial counselor, Canada. So there you go. Yeah. So that is a big thing that I accomplished. I hope you all have had a lovely holiday season as well and ready to take charge in 2018. If you need some kind of motivation, I highly recommend you check out my YouTube channel where I have some videos about me kind of deconstructing my 2017 vision board and then making a new one for this new year. Honestly, vision boards, they sound silly, sound ridiculous. They totally work though. They totally work. I can't believe I accomplished most of what I had

on my vision board. So yeah, I'm a convert. I'm into vision boards now. It's a thing. I love it. It's great. But anyways, that's not what this episode is about.. I'm into vision boards now. It's a thing. I love it. It's great. But anyways, that's not what this episode is about. It's not about vision boards. This one I'm so excited about because I get to talk to someone I used to listen to myself on the radio for years, who doesn't like me sharing at what age. I was young. I may have been in middle school, but still. I'm talking about, I am going to be interviewing Buzz Bishop, who is the founder of Dad Camp, a popular Canadian dad blog, and also a community that he created to encourage fathers to meet up, get together with their kids, to make friends, share ideas, and just have a good old fun time. And his website focuses on creating a discussion around parenting issues, the portrayal of fathers in the media, and of course, stories about his two boys. Buzz is also a radio host and media professional with over 25 years experience and has, of course, been featured on every kind of media outlet you

can imagine, the Globe and Mail, CBC, CNN, and even Good Morning America. And in this episode, we're going to talk about why he started DadCamp, why he wanted to get this conversation flowing about parenting, and then dive into some money talk, how he learned about money and how he's teaching his kids about money and why he thinks it's so important. So before I get to that fabulous interview with Buzz Bishop, here is just a few words about this episode's sponsor. Support for this episode of the Mo Money Podcast comes from Tangerine Investments. Did you know that over a quarter of Canadians are committing to better money management practices for 2018? Did you also know that 63% of Canadians feel that investing is scary?

If you're nodding your head right now because you're in one, if not both of those groups, then let's turn those New Year's resolutions into actionable goals this year. And let's start by getting you over that fear of investing so you can start growing your money to reach your financial goals sooner. Not sure where to start? You should check out Tangerine. Tangerine offers investment funds that are low cost, and they have a simple approach that doesn't require you to be an expert. Tangerine offers five distinct portfolios depending on your needs, risk tolerance, and investment goals. The best part? You can get started online in minutes, and their investment experts are just a phone call away. To learn more, visit tangerine.ca slash investments. Once again, that's tangerine.ca slash investments. Thank you,

Buzz, for joining me on the Mo Money podcast. I'm so excited to have you on here. No problem. Thanks for having me on, Jessica. Appreciate it. You're so welcome. As I mentioned before I hit the record button, long time listener to you. So it's kind of funny to do this to have you on my show. That's crazy. Yeah. Thanks for adding the long time part. You couldn't say you just... I mean, not that long ago. No, I didn't listen to you in 1993 when I was in grade eight or something. Yeah. I won't mention the year, but whatever. Come on. I'm fangirling. Just let me have it. Yeah. So I'm super pumped that you're on

my show because, well, even though I know you as being a radio personality, you, well, I want to kind of get into a little bit about where you came from, everything like that. But I think it's so cool that you've got a new venture called DadCamp, which I love. I think it's brilliant because it's not just about like community building, but it's also about giving back. So I'm like, to what, that's amazing. No, you know, when I lost my job about six years ago, when I first experienced a break in employment, I needed a way to network and meet with other dads. And there was great unconferences that happened in the early days of social media, where there was bar camp and cupcake camp and demo camp, where people would get together and talk about new

ideas for entrepreneurship and new apps and business ventures. And an unconference would happen where people would scribble on a whiteboard the topics they would want to discuss. And then the crowd would say, oh, we want Joe to talk to us about finance. And then that's what would happen during that conference. Now, my son was born, he was just about two and had another one on the way. And I couldn't always go to these unconference events where everybody was networking and having fun. And so I decided to create DadCamp, an unconference collection of meetups for guys whose career and personal life and family were all kind of in flux. And so we had meetups where we'd go and ride a big miniature train together or we'd go to a junior hockey game together, pick pumpkins in a pumpkin patch,

and we'd bring our kids and meet, talk about dad things. But we were active and engaged parents at the same time. And so that's kind of what Dad camp has, has blossomed into for me. Um, it's the name of my blog and my parenting site and my online persona when it comes to dealing with my kids, but it's opened me up to a world of, of guys who, uh, are active and engaged parents who dads are parents too. We need diaper change tables in our bathrooms. And none of us dads in in product commercials. And we're just trying to elevate the perception of fatherhood in mass media. And so what I was doing in my little click in Vancouver is now become an international thing.

And the dad 2.0 summit is having its seventh meeting uh february in new orleans and that's just a collection of dads getting around and talking about being dads and blogging thing on the side but it's really it's just kind of like i love my kids i love being a dad what's it like being a dad raising daughters or what's it like being a gay dad and just all the issues around fatherhood. And it's awesome. That is amazing. And it's true.

When I think of, you know, kind of parenting groups, you kind of think of the typical mom groups. I think it's like, there aren't that many. Yeah. Mom groups. I'm a mom. Yeah. You know what I mean?

But yeah, there isn't, I didn't know before I heard of DadCat. I'm like, I don't think there's anything like that out there before you created that. I've never heard of anything like it. We also have a collection of Canadian dads. There's Chris Reid, who runs Canadian Dad Blog in Ottawa. Casey Palmer runs a blog in Toronto. Michael Kwan is in Vancouver. Justin Connors is back east in the Maritimes.

We've got a collection of bad bloggers too. And well, we just kind of hide in the corners of the internet. But we're networking and working together to try and raise fatherhood as being more than just the guy who goes to work and tucks his kids into bed. As it should be, because as we all know, kids will grow up into more independent, more confident adults when they have both a mom and a father figure. It can't just be, you know, one or the other. It's so important. I mean, I know I grew up into a very strong, confident woman because I had a really strong, confident dad that really supported me and was present.

Parenting is a team sport. Absolutely. There we sport. Absolutely. There we go. Absolutely. Well, I think that's awesome. So part of DadCamp though is also there's that giving back portion. Do you want to kind of talk a little bit about that?

So, you know, many, many people who write blogs have and act as influencers. We can make money doing endorsements and working on behalf of products and brands. And I tell the stories of my kids and the things we do. And sometimes it's a deal with Boston Pizza or Dyson or Tangerine. And we get paid for those things. I flipped that money into Team Diabetes and Diabetes Canada. I've been an ambassador for them for about 12 years. I run marathons and half marathons around the world. And I'm a regional

chair for Diabetes Canada. And it's just kind of that thing that has inspired me as a way to give back. You know, I look at parents of kids with type one diabetes and how they have to get up three times in the night to check their kids and how they, can you imagine sending a five-year-old off to kindergarten or to grade one and trusting that they know how to do the calculations of what they're eating, how they're exercising, and how to measure their blood sugar? And many regions across Canada don't have protocols for kids with diabetes when they're at school. So I think about that and the chance for them to go to summer camp

and meet other kids. And at the same time, it's all about keeping myself healthy and active. So you know, maybe type two diabetes stays far, far, far, far, far down the road. So I'm passionate about working with Diabetes Canada. And I'm glad dad camp gives me a chance to, to get back to it. That's awesome. I think that's so exciting, because as an influencer, I'm always very conscious of, yes, I make money by partnering with brands. But I also want to make sure there's that element of giving back helping others because we are in kind of a unique situation where we can do that we do have influence. So let's make sure to, you know, make that kind of

part of our brand. Exactly. And, and, and doing something that involves kids and being healthy and active. I just make, whenever I see something proactive with Diabetes Canada and, and how they, they work things to just, it, it's kind of selfish and giving back really is a selfish thing. I know, you feel good. I love how it makes me feel. So that's kind of,. You know, giving back really is a selfish thing. I know. You feel good. I love how it makes me feel. So that's kind of selfish when I give back, because I love how it makes me feel. I know it's a good selfish,

but I know what you mean. So I want to talk a little bit about, I think that's amazing that you have this kind of part of you and you're still doing the, you're still on the radio. You're still doing that. So you're a very busy guy. On the air in Vancouver and Calgary. Yeah. Amazing. So we talked a bit about how you, uh, choose to use the money that you make as an influencer and, you know, of the owner of dad camp and everything like that. But, uh, it does seem like, you know, you, you are at

a certain level of success. You clearly know how, you know, a value of a dollar and how to manage your money well, because you've gotten to this level. When did you learn how to manage your money well and responsibly? I don't. Really, it has been a recent thing. I'm the kid who, when you go out at Halloween trick or treating, all of my candy would be done like within 48 hours. Oh, really? Oh, yeah. My brother and sister would afford it and save it and keep track of it. I'm very much an instant gratification person.

And without certain tools that I had early in my life, I would be in a very bad place today. It's only really been in the past two years that I've really focused on how to handle my paycheck and how it manages debt and getting rid of debt and really focusing on saving. But it was my dad in my early 20s, once I got my first job, that told me to get an RRSP and knock 50 bucks a paycheck or 100 or whatever you can afford. But in my early 20s is when I started doing that. And without that lag time, I'd be in a terrible

situation right now. It's only been in the past couple of years where I've gone, I mean, I've had the same financial planner the whole way. But I've gone and looked at where I am and where I'm going to be. You know, something happens in your mid forties where all of a sudden you're just like, oh, I am really close to retirement. You want to look back and go, did I do it right? And look forward. And am I in the right path? So I'm in that position where I'm looking both directions. And I'm thankful my dad told me in my early 20s to put something away. And even though there have been big downfalls in the economy since then, especially that 2008 hit, which knocked everybody down. Terrible year. I've been, but I've been doing it for 20 years.

So I'm okay. And now as I look forward and I'm at a certain successful point in my career, I'm putting more money than I ever thought possible away and I'm going to be okay at the end. But it really is looking back and starting early that really saved me because the everyday in and out thing, I'm terrible at it. So you kind of mentioned that there's a couple tools that really helped you get to where you are. It sounds like one of those tools is kind of doing like that, you know, pay yourself first is kind of like the term, right? So you just like, you're putting money away into your RSP, it's locked in there, you cannot touch it.

That's clearly been a successful tool for you. Yes, it has. And, and, um, and it's only been recently that I've been able to use tools like a TFSA or, or some sort of liquid savings where if something does go sideways and is traumatic in my life that I, I have emergency savings that I can get at, but it's really the longterm stuff that is, is keeping me okay. So basically you kind of, it sounds like you have the structure of, you know, you, you know what your bills are and your expenses are, but you, you tuck your money away into any, all those savings accounts, your emergency fund, your TBSA, your RRSP, and then you kind of spend the rest and it kind of works for you. It's less complicated. It's not that complicated. Every two weeks or twice a month, there's, it's a zero, but. But still, it's not

negative. Exactly. And off the top, it's gone into the savings account, like right off the, right off the paycheck. So that, that has been absolutely crucial for me is having something locked up far away where I don't know the password and I can't get at it without asking permission. So, you know, I did access it once to, uh, like to make my first home purchase, borrowed from that and paid it back over time. And that was very beneficial. But having an RRSP locked away has been awesome. So that's great.

And I highly recommend that to people that don't like... For me, I'm obviously a numbers person. I like to track my spending like a hawk. I'm crazy like that. I get pleasure out of it. Most people don't. So I think, yeah, doing kind of how you do is kind of the easiest way for anyone to actually

save without really feeling the pain of it. You don't, you don't miss it, right? Cause it's automatic. You don't even see it. No, it is when I get that up, when I get the pay stub, it's already gone. And it's never in my bank account to begin with. It's taken out the same day I get paid. And so you never really, yeah, you never made it in the first place. It's

just an extra tax on yourself. Exactly. I like that tax on yourself. Exactly. I like that. So knowing that, what are you trying to instill in your kids so they'll, you know, be at your level when they're your age or if not, you know, further ahead? The first thing we did is immediately after our kids were born is we opened an RESP in their name. And this is so great because when your kids are under two, trust me, they don't need anything. And everybody wants to tell you, oh, what can i get them today oh let's get some booties let's get a toy let's get a book it's like no just make sure they're clean and smiling and fed and they sleep like that's all they really need yeah um so when it comes to all these spoiling like cute onesies and diaper bags and all that stuff tell people just to put money in the rsp

you want to get a 25 gift put the 25 bucks over here. I'll give you the link. And so my parents did that with first Christmas presents and birthday presents. Okay. Maybe they bought them something small, but the bulk of what they wanted to spend went into that. And now it's going to sit there for 18 years. And now, you know, I've looked at that assessment in the past little bit when I was looking at my financial planning and I, I just, I looked at my assessment in the past little bit when I was looking at my financial planning. I looked at my boys and I said, guess what? Whatever you want to do when you grow up,

you can do it. I've got that money and I've still got eight more years left before he graduates high school. I looked at him, wow, we're going to be perfectly set up because the day he was born, we opened that RESP and And that is so crucial. Huge. Because not only do they then have the opportunity to choose a school that they want to go to, but they will also have the luxury of not taking out a huge student loan and not have that debt burden when they graduate, which is, I think, the hardest realization that people my age are, you know, they'll graduate graduate it's hard finding a job still and then they have like fifty thousand dollars in debt so you know having that as your kind of starting point as an adult sucks with the government's matching um twenty percent up front

you know and again it doesn't have to be a lot it can be 50 bucks a month and over 18 years you're gonna look oh i've got 25,000 all of a sudden right where maybe it's not enough to pay if they want to do 12 years medical school but you're gonna give them that leap in and that that first step and that's going to be crucial the other thing we did is I opened bank accounts for our kids very very young and it was fun it's it's fun taking a three-year-old with their piggy bank to the bank and then handing it over uh Zachary asked for a tour of the vault because he wanted to know where his money was going to go and he's like well how do I know when I go to the bank that they're giving me my money back it's like he wanted that exact 25 cent piece that he puts in

and playing with lego and knowing about cops and robbers he was really worried about are the robbers going to get his money and so you know that opens all sorts of conversations too but when when your kids now know that they've got savings and then they're responsible for contributing to it and when they want to spend something on a new nintendo game or an app or something like that, then you have the conversation about, well, this is what you have. What are you saving for? And you can work those conversations at a very young age.

And those are really important habits to get early because, you know, you mentioned that you have a kind of a problem with delayed gratification. If you have money, you'll want to get early. Cause you know, you, you mentioned that you have a kind of a problem with delayed gratification. If you have money, you'll want to spend it. But if you probably had those habits of like, well, you can spend now and you'll only have this much, or you can wait, you know, a year and you'll be able to buy this or, you know, there's more opportunities cause you'll have more money. So it's just like such a good, important habit to instill in kids at an early age. Kids helping me with some of the dad camp stuff where they're the ones reviewing the vacuums and playing with the apps and stuff, I pay them a portion of it. And we do that three segment, right, where you have to give back, you save, and you spend.

And so my sons each have a charity. The oldest likes to help rescue animals. The youngest gives to children's hospitals so that they can buy toys for the kids while they're waiting. And then maybe it's a pack of Pokemon cards that they want. And then at the end, they can put some money in their pig and then I'll take it to the bank later. And my oldest said he wanted to go to Florida for one of our spring trips. And I said, well, we can go to Florida when you can pay for your own airfare because it's way more expensive than I want.

And within two years, he had saved up his airfare. And he's like, Daddy, I've got the money. We're going to Florida. Wow. I guess we are. He's like, oh, you called my bluff. I know, exactly. I thought that was going to take five years.

But when you set goals for your kids and you teach and you train, then they can achieve them like that. Absolutely. So besides saving, have you kind of talked to them about making their money grow through investing? Like it's a very kind of complex idea, investing. And I feel like a lot of people our age even have a hard time really understanding what it is. So I feel like that's

another thing that I think if we can teach our kids like the concepts earlier, then it won't be such a hurdle. Sure. You know, it's a weird conversation that I'm having with my kids that they overhear at dinner. I've invested in some marijuana ETFs in my TFSA. And so my kids know that marijuana is a drug and they know that drugs are bad. So they're confused as to why daddy is a dealer. All of a sudden. You're like, no, that's not what it means.

No, it's like, it's some people use it for medicinal purposes and it's becoming legal. So it's okay. And I invest in the companies. And so I'm explaining to them the idea of owning a piece of a company and watching it grow while at the same time having, this is your brain, this is your brain on drugs conversation. So, I mean, I don't know if they really understand, but they often ask how their bank account is doing. And so they understand the idea that they're getting some interest in pennies and drips and drabs. But the idea of owning a piece of a company, but not really owning the company, but having that as an investment that grows over time, we're just in the baby steps of yeah conversations yeah but still it's something that i mean for me i didn't learn about it until i was in my 20s i had no idea what invest i didn't know what an rsp meant i didn't know what a checking account was

like embarrassing i think my first time was like in the financial post is when i was going to university is when i learned about in the financial post to have these like stock management contests where you I mean, this is long time ago. Yeah, like like picking a playoff pool, right? You just check some boxes and put how much you wanted to invest and see how far you could grow 100 grand. And that was my first idea of that's what you could do. And yeah, but again, much older than an eight and a 10 year old, which is what I have now. Absolutely. So being a parent yourself, what are some things that you want other parents to know? Maybe things that you've done that have worked well, how can they, similar to you, have that conversation with their kids about money? Because I know still a lot of adults and parents just feel like it's a very awkward conversation, like probably as much as

the birds and the bees. But here's the thing like probably as much as the birds and the bees. Right. But here's the thing, and it relates to the birds and the bees too, is the sooner you have the conversation in age appropriate terms, the less awkward the conversation happens. I mean, I've got an eight and a 10 year old and we've been talking to them about drugs and sex for as long as they've been alive, really, but it's always been in age-appropriate ways. And when you open a bank account for a three-year-old and he goes and gets a tour of the vault and he understands that his money is there

and when you drive downtown, Daddy, that's my money. Wave to my money. Hi, money. You know, when you have it that way and now when he's eight years old and he's saving for a trip to Disneyland or my other son who's eight is saving for his first car. Oh, wow. That's what he's got years old and he's saving for a trip to Disneyland or my other son who's eight is saving

for his first car. And I'm like, that's what he's got on his mind, right? When you set those goals and you have those age appropriate conversations as you go, then it's not all of a sudden sitting down to a 15 year old who goes, daddy, can I have the keys? I'm like, well, no, you save for your own car. What? How do I do that? And so have it early, have it often, and then it just becomes a conversation as opposed to a talk. What do you think about, I guess, I found like this when I was a kid,

just having certain conversations with my parents, they just didn't want to talk. Like I'd be like, how much do you guys make? Or what's it like managing like the family budget? Do have those kind of conversations with your kids we make a million dollars because the other thing you learn when you have parents is when you do tell them the truth is they tell their friends that so we pick up ridiculous numbers and just say well you know that's not that it's not something that you need to talk about is that we have enough money and we manage it. And, and yeah. So when they ask, I tell them,

we make a million dollars because, Oh, my friend Joe is rich. And it's like, Oh, well, what's rich. Well, he has a big house. Right. And it's like, yeah, but you know, well, are you happy? Yeah. Well, we're rich too then. So, it's weird i mean it can be awkward but yeah like you say with with the sex and the drugs and sex and drugs and money age appropriate have it young have it often and then hopefully it's it's not awkward and they're not dropping big bombs on you yeah and just yeah make it i like how you kind of explain it like you know put it natural into the conversation so it's not like a talk where you have to sit down and they

hate, I mean, kids hate that. It's annoying. It feels like a lecture and like they're in school again. So just kind of weaving into the conversation. And when they ask questions, listen to what they're really asking and try to figure out how to have that conversation with them. And that three jars thing, right? Yeah. You can have a six-year-old do that where they get five dollars in their card from a grandparent for a birthday present it's like well this is supposed to be like let's go and have a tim hortons coffee date all right well that's a dollar fifty we'll put that here and what are you saving for i'm saving for a video game okay we'll put it here and and don't forget at christmas time we donate some toys or we we help with hampers for people.

All right, well, let's put that here. And you get those three jars and it's easy to put on a shelf and the kids can see it. And those are basic, easy lessons to learn from a young age. Do you give your kids an allowance? No. Interesting. Yeah, I've wrestled with that back and forth. So they're 10 and they're 8.

And, I mean, they have bank accounts with reasonable amounts of money where they could get what they want if we allowed them to have it. But I just kind of, when a project comes along for the blog, I'll say to them, okay, I'll, I'll pay you $50 if you help me with this video for something. And then we just break it down at, at that point. And then they've got $15 to do what they want, whether buying iTunes card or deck of Pokemon cards or whatever. Um, so they get, they get money regularly enough from working that we haven't done the $2 allowance. I can't wrap my head around how that would work either. I don't know. Well, it seems like what most people, I think, do for the allowance is it's usually in exchange for chores around the house.

So it is sort of like you're working for it. I mean, that's what I've always understood. I never got an allowance growing up. We were just expected to help around the house. So it is sort of like, you know, you're working for it. I mean, that's what I've always understood. I never got an allowance growing up. We were just expected to help around the house. And then you got your money at, you know, for birthdays and Christmas. And then you basically had to just like save that and accumulate it until you could eventually, you know, babysit or something like that. So it seems like what you're doing is kind of a good strategy though, because they're learning about working and earning their money, honestly. Sure. Yeah. And we'll see what happens once, you know, maybe once real bills from them start coming in. Like cell phones and stuff. Exactly. I still haven't wrapped around how that $50 a month bill is going to get rationalized

with an 11 year old or a 12 year old. He's only 10. I'm pushing it off as far as I can. But I think we'll have to have more serious allowance in exchange for whole house chores, or maybe it is more legitimate work with the influencing where he's writing and editing blog posts. I don't know. We'll get that office. Yeah, you're right. Yeah, you've got some time to figure that out. I'm just so curious. I'm like, I don't have kids. I have all these questions. I'm so curious, you know, like, yeah. When do kids, well, just everything has changed so much in the past 10 years. It boggles my mind, but like, when do kids get cell phones now? I didn't get mine until university. Yeah, exactly. I remember saying to a girlfriend when she got her

first cell phone, I'm like the only people who need cell phones and pagers are doctors and drug dealers. You're not either of them. I mean, this was back before smartphones. Yeah. When it was just the flip phone. Yeah. Yeah. The T9, the text.

Yeah. The T9. So that was way back in the day. Yeah. Yeah. Well, you have plenty of time to figure that out. Though, from my personal perspective, if you can hold off the giving them a phone, hold that off until you can, because then they'll just be glued to it. And it's like a whole problem my generation is dealing with.

Like, we have apps to tell us to stop looking at our phone. Like, it's a problem. Well, my favorite app right now is they got a Nintendo Switch for Christmas. And the Nintendo Switch has an app with parental controls on it. So you can see the time that they spend and which games they're playing. So I've let them have free range for the first month so I can see how they self-regulate. And then if I need to put the controls on, then I'll put the controls on. So my wife and I looked at it last night and saw that they played four hours of video games on Sunday we said to our youngest like how long did you play

video games today I don't know 45 minutes and I showed them and I'm like three hours and 45 minutes wow I'm like yeah yeah so yeah I can't so I can't. So I can't imagine what it's like. Okay, we'll get you a one gig limit. How many gigs did you use? 200 megs? No, you use 200. Exactly. We need to get them understanding. Oh, gosh. Yeah. Well, good luck with that. It was such a pleasure chatting with you. Where can people find more information about you and DadCamp? DadCamp is simple. It's DadCamp.ca. And that will point you all around the internet or I'm at BuzzBishop on a lot of socials too.

And yeah, this has been a treat. I'm glad I've learned something too. Oh, did you? But I need to be talking to my kids about allowances and how to figure that out. Yeah, figure that out. Yeah. Figure that out before they start bringing up. So we have a plan of attack. Well,

thanks again, buzz and, uh, talk to you later. And that was episode one 38 of the moment he podcast with buzz Bishop. Make sure to check out his website, dad camp.ca for more info about dad camp. I think it's an awesome thing. Oh my gosh, I think there

should be more things like this that encourages more discussions about parenting, but especially I like putting the focus on dads because I don't know where I'd be without my wonderful dad. And also just, you know, teaching kids about amazing things like money management and early age. How amazing. So make sure to check him out at dadcamp.ca. Got a few more things that I want to talk to you about. But before I get to that, I got a few words about this episode's sponsor. Support for this episode of the Mo Money Podcast comes from Tangerine Investments. I don't have enough money. I'm worried I'll lose it all. I don't know enough about investing. It's just too complex for me. Have you ever thought like this before? You're

not alone, but that still shouldn't stop you from investing your money so it can grow. And a great way to do this is through long-term index fund investing, which you can do easily through Tangerine. Tangerine is focused on following a smart indexing strategy and offering funds with a low MER and global diversification. And the best part is you can get started without ever having to leave your couch. To learn more, visit tangerine.ca slash investments. Once again, that's tangerine.ca slash investments. All right, all right investments all right all right so um before you go number one i want to give a big shout out just a group shout out to everyone who participated in last season's contest uh that basically was you know leave me an itunes review let me know what you uh like about the show and

you'll have a chance to win an itunes gift card uh that contest is now closed i you know uh already awarded the prizes to the winners but i just want to say a big thank you to everyone who participated that everyone who gave me an itunes review it means so so much to me and i'm going to try my best to give every single person who did leave me an itunes review an individual shout out throughout this next season. So if you haven't left me an iTunes review already, make sure to do that and you'll get a shout out. It'll be super fun to hear your name on the air. So thank you again. And as I mentioned at the beginning of this episode,

so I spent some time getting my accredited financial counselor Canada certification. And that kind of means that I will be offering some financial counseling services very, very soon. I am going to reveal a lot more details in my email newsletter. So I highly recommend that you subscribe. Go to jessicamorehouse.com slash subscribe or check out the show notes for info about that as well. jessicamorehouse.com slash 138. And I am going to be revealing some details about when I'm going to actually open the doors to work with me one-on-one, if that's something that you would like to do. Now, I will be continuing my listener series, but not tomorrow. I'm going to be restarting the listener series, so episodes on Thursdays starting next week.

So make sure to get ready for that. But you are definitely going to want to subscribe on iTunes or Spotify or YouTube or wherever you're listening or watching. Because next week is going to be a pretty awesome episode. Why? Why? Because I somehow convinced one of my all-time favorite bloggers to get on my show. And if you don't know this about me, I am a total celebrity, you know, gossip junkie. I don't know why, but I have been for years. I just love reading crap about celebrities and the roles and all that stuff. So I got Perez Hilton to be on my show next week and I'm super pumped because he's kind of a big deal. And we talk about money and how he makes it and what he thinks about it. And it's a freaking awesome episode. So make sure to join me next Wednesday for that episode.

And until then, thanks for listening. I'll catch you on the flip side. This podcast is distributed by the Women in Media Podcast Network. Find out more at womeninmedia.network.