Reni, the Resource

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Canada
Toronto, ON
Reni, the Resource

I’m a young Black woman trying to make it in this world. I aspire to be a resource to others, acquiring knowledge and sharing it with others.

I talk all things finance, career & lifestyle on my YouTube channel

02/22/2024

Just a friendly reminder that February 29, 2024 is your last chance to contribute to your RRSP for the 2023 tax year! 🥰

What does this mean?
The purpose of the RRSP is to help Canadians save or invest for retirement. By contributing regularly, you're able to build a nest egg so you can provide financial security in the future.

One of the great features of the RRSP is the tax deduction! Contributions made to your RRSP are typically deductible from your taxable income, which can help you pay less taxes. For example, if you make an annual salary of $80,000 and you contribute $10,000 to your RRSP, you will only pay taxes on $70,000. It's a win-win!

Will you be contributing to your RRSP before the deadline? 👀

Let me know if you will be, and let me know if you have any questions!

xo,
Reni

02/20/2024

Would they be the as***le if they told their coworker they were underpaid? Would you want to know in this situation? Would you tell the coworker? 🤔

Let me know your thoughts!

To hear Emily The Recruiter's thoughts, watch the full episode on all platforms you listen to podcasts + YouTube!

https://youtu.be/NL1H8Zt7dR8?si=7KqM63hNeLiOdItG

02/16/2024

I say that I got finessed…but in reality, I finessed myself by not negotiating 😩😅

Take this as a sign to ALWAYS negotiate your salary. Do you negotiate your salary every time? Lemme know.

Also if you have a story about salary negotiation pls share below ☺️

For more gems from Emily The Recruiter, listen to the full episode of Don’t Go Broke Trying now available on all podcasting platforms and YouTube.

Comment “link” if you want the link sent directly to your inbox.

02/04/2024

NotJustYou is BACK with its second edition of Cellular, our Stem Cell Drive & Networking Event… but this time, we are coming to the city of TORONTO!

Calling all entrepreneurs, creatives, corporate professionals, and anyone ready to grow their network… this event is a platform curated just for you.

As you build your network, NJY will be working with Black Donors Saves Lives to contribute to building a larger and more diverse stem cell registry in Canada by giving you the opportunity to join the registry at the event!

With the infamous, , as our Keynote Speaker for the evening, you’re bound to leave with gems in your pocket!

Join us to swab, swap, and connect in light of Sickle Cell Disease!

PICK UP YOUR TICKETS HERE: https://lu.ma/cellular

01/15/2024

"How do you determine if you can afford to purchase something or not?" I asked this question on Twitter and got a lot of interesting questions so I want to hear what my IG/Fb fam has to say too.

The reason it's interesting is because the reality is many of us don't know how we determine if we can afford something. Most times, it's vibes and inshallah that help us decide LOL.

That may be okay for small purchases, but the larger the purchase gets (house, car, vacation), this can prove problematic and I see the impact of this all the time in my one-on-ones.

So again, how do you determine if you can afford to purchase something or not?
Let me know below! I'm curious 🤔🤔🤔👇🏾👇🏾👇🏾

11/23/2023

Everyday "passive income, passive income" but never any explanations about how it can take quite a bit of effort before income truly becomes passive...

I'm here to remind you that yes, passive income is the goal, but you shouldn't get discouraged when it doesn't work immediately. It can take years of effort before it actually becomes passive.

An example is my YouTube channel. I have over 100 videos on there, and now, even though I don't post frequently anymore, I still make hundreds of dollars monthly from my past videos. This is passive income, but wouldn't be possible if I hadn't put the effort into creating those videos.

Another example is my digital financial planner that I sell via Etsy. The product is listed and the purchasing process is automated so it IS passive income, but if I hadn't built this social media presence, no one would be incentivized to purchase it. Also, I may still have to put in effort with marketing if I really want to every increase sales.

Have you ever tried generating passive income and realized that it isn't as easy as it sounds? Share with me below!

xo,
Reni

11/18/2023

New episode alert 🚨

Today we have .ogedengbe on the podcast teaching us how to not go broke trying to start a short term rental business! He shares gems about running an Airbnb and how to make it profitable.

Listen to on Spotify, Apple Podcasts, YouTube, and wherever you listen to podcasts.

If you want the link sent to you, leave a comment asking and you’ll get a dm!

11/08/2023

This is a hard truth, but the truth nonetheless. The 19.99+% interest rate that the credit card company is charging you negates ANY benefit you could possibly get from using that card.

Maximizing credit card rewards are for those who pay their balance on time, and in full each month.

The best thing to do when you're in credit card debt is:
❗️ write out all of your debts, their balances + their interest rates on a paper
❗️ use a debt calculator to run the estimated debt payoff dates based on how much you can put toward it each month
❗️stop using your credit cards (you don't need to close them, just stop using them) and only rely on debit cards/cash
❗️start to make payments on each card based on the plan you've created, factoring in your average income and average expenses monthly.
❗️track your progress and celebrate the wins as you reach them

Once everything is paid off and you feel like you've cultivated the discipline to be responsible with your cards, then and only then, should you be looking into credit cards for their rewards. I say this because CC debt is crushing when used irresponsibly.

Do you agree with this? Disagree? I'm open to hearing your takes.

xo,
Reni

11/03/2023

It’s Coinfession time! 🥳

is back to answer the questions that you all submitted.

You can watch on YouTube, or listen on your favourite podcast platform. Let us know if you need the link sent you directly!

10/23/2023

New episode alert 🚨

Today we have on the podcast teaching us how to not go broke trying to purchase a home. She shares lots of tips and tricks that you should hear before you go into your home buying journey.

Listen to on Spotify, Apple Podcasts, YouTube, and wherever you listen to podcasts.

If you want the link sent to you, comment 💰 and you’ll get a dm! 😊

10/09/2023

New episode alert 🚨

It’s Coinfessions time! In this episode, licensed financial advisor, John Sacke, is here to answer all your questions about money.

Listen to the full episode of on Spotify, Apple, Google Podcasts or watch the video version on YouTube!

09/22/2023

New episode alert! 🚨

We talk about DIY investing a lot, but there is a time and a place for professional financial advice. In this episode, we speak to John Sacke, a wealth manager at BMO Private Wealth to learn about the value of professional financial advice.

Tune in on YouTube, Spotify, Apple or anywhere else that you listen to podcasts 🤍

Address

Toronto, ON

Website

https://renitheresource.com/

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