Isabel Kanaan takes laughter seriously—so seriously that she has built a career around making people laugh. An award-winning Filipina-Canadian actor, Kanaan emigrated to Canada in 2008 and has used theatre and film to broaden perspectives and spark discussion through humour. She appears in the Simplii Financial Bags 2 Riches video series highlighting newcomers’ stories and hosts the sketch comedy show Abroad on OMNI Television. Below, Kanaan shares her thoughts on money, investing and the most important financial lessons she’s learned.
How do you like to spend your free time?
I love spending time with the people closest to me. Whether we’re travelling, trying new foods, or enjoying a low-key night in, those shared experiences matter most. For me, free time is about connection—good conversation, laughter and the company of family and friends.
If money were no object, what would you be doing right now?
My daily routine wouldn’t change much because I genuinely enjoy what I do. If I had more financial freedom, I would send money home more often to support my family in the Philippines, especially to help with their education and other needs. That support would let me give back while continuing the work I love here.
What was your earliest memory about money?
My earliest memory is getting cash for birthdays as a child. My mother told me I could spend it right away or save it for something bigger later. I liked the idea of waiting for a larger purchase, so I started learning to save at a young age.
What’s the first thing you remember buying with your own money?
The first small thing I bought was iced tea from the school cafeteria. As for a larger purchase when I felt like I was spending “big money,” it was probably clothes—simple items that felt like a grown-up purchase at the time.
What was your first job?
My first job was at Wendy’s when I was 16. I saved my paycheque—back then I didn’t have many expenses and saving felt natural and responsible.
What was the biggest money lesson you learned as an adult?
Learning about investing changed everything for me. Looking back, I wish I had started investing earlier instead of leaving cash untouched in savings for years. Investing taught me how money can work over time rather than just sit in an account.
What’s the best money advice you’ve ever received?
Make a budget. Keeping track of income and expenses is the foundation for making smart choices and achieving financial goals.
What’s the worst money advice you’ve ever received?
“What’s the point in saving—you could die tomorrow.” It’s a fatalistic way to look at money. While it did remind me to enjoy the present, it ultimately taught me the importance of balance: live well today but plan for tomorrow.
Would you rather receive a large sum of money all at once or a smaller amount regularly?
I’d take a reliable smaller amount on a regular basis. Consistent income provides stability and peace of mind over the long term.
What do you think is the most underrated financial tip?
Financial literacy is undervalued. We live in an era where information is available at our fingertips—use it. Personal finance strategies aren’t one-size-fits-all, so learn the basics, research options, and find approaches that fit your life and goals.
What is the biggest misconception people have about growing money?
Many people believe in instant wealth—thinking that investing, landing a high-paying job, or winning the lottery will solve all money problems. In reality, building and growing wealth takes time, consistent effort, and ongoing planning to sustain any new lifestyle.
Can you share a money regret?
My main regret is not investing sooner. Once I understood how investments compound, I realized earlier action would have had a meaningful impact on long-term growth.
What does the word “value” mean to you?
Value combines usefulness, longevity and the quality of the experience an item or service provides. For example, choosing sturdy, well-made winter boots may cost more upfront but saves time and hassle, delivers better performance, and lets you fully enjoy the season. Lower-priced alternatives can end up costing more in time and replacement purchases.
What’s the first major purchase you made as an adult?
After years of saving and avoiding unnecessary luxuries, I was able to buy my first house. It was a significant milestone and one I’m proud of—finding the right home took patience and planning.
What’s your take on debt?
Debt isn’t inherently bad—used wisely, it can be a tool. When debt funds education, a business or an investment with a clear repayment plan, it can help you reach goals you couldn’t afford upfront. The key is borrowing only what you need, having a plan to repay it, and avoiding taking on multiple high-interest lines of debt simultaneously. Pay it off as planned, then move forward.
What was your most recent splurge?
I recently bought a treadmill. It felt like a worthwhile investment in health and convenience.
What is something you always have in your wallet?
I keep a little cash for emergencies, my credit card and my ID—simple essentials for everyday life.
What is your favourite possession?
My house. It’s the biggest purchase I’ve made, and finding the right place took time. It’s a possession I’m genuinely happy with and proud to own.
What’s your next money goal?
I want to build enough passive income to support my family through retirement so we can maintain financial independence and peace of mind.
My MoneySense quick questions
Rent or own?
It depends on your priorities, timing and financial situation.
Buy or lease?
It depends on your long-term goals and cashflow needs.
Save or invest?
Invest—once you have an emergency fund, investing helps your money grow over time.
Budget or not?
Budget. A realistic budget creates clarity and helps you make intentional choices.
Read more My MoneySense profiles:
- Tareq Hadhad unpacks his investing journey and how Peace By Chocolate came to be
- Allan Small on his glass-half-full view of the markets and managing risk
- The best money advice from two of the best in the biz
- Chris Guillebeau onGonzo Capitalism,his $100,000 side hustle, and why average isn’t good enough