The Money with Katie Show
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Finance bros are out, #RichGirls are in. Join Money with Katie and her guests as they talk spending habits, smart investing, and tax strategies – without putting you to sleep. Listen weekly on Wednesdays to learn how to turn your Rich Girl mindset into money.
Available episodes
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Oldest first
2 days ago
Fresh Invest x Money with Katie: What to Know About Fixed-Income Investing
2023 has been a year of soaring prices and rising inflation rates. In tough markets like today’s, fixed-income maturities can help provide stability and growth. We review traditional income strategies—such as bonds, deferred fixed annuities, and CDs—as well as new innovations in the space, like fractional CDs.
About Fresh Invest: From market shifts to emerging asset classes, Fresh Invest breaks down the current financial climate, what it means to you as an investor, and actionable steps you can take to manage your money and set yourself up for a solid financial future. Join Morning Brew co-founder and executive chairman Alex Lieberman on his weekly deep dive with Fidelity guests.
Custom music by Davis Jones.
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4 days ago
Growing Your Wealth with a “Personal Financial System”
I recently read an r/personalfinance post about someone's financial position: "I have $5,000 in a 401(k), about $10,000 in my Robinhood, $15,000 in Chase, and $1,000 in stocks, and some cash. Am I on the right track?"
While this mental model is logically reasonable (where you're physically putting the money vs. the vehicles themselves), it reminded me how powerful it can be to think about the structure of your finances accurately. I dive into a few tools, tactics, and lenses at which we can assess and optimize our financial ecosystem—and how we can supercharge our wealth for the long-term.
Transcripts can be found at https://podcast.moneywithkatie.com
While I love diving into investing- and tax law-related data, I am not a financial professional. I have no formal financial education. I am not a financial advisor, portfolio manager, or accountant. This is not financial advice, investing advice, or tax advice. The information on this podcast is for informational and recreational purposes only. Investment products discussed (ETFs, index funds, etc.) are for illustrative purposes only. It is not a recommendation to buy, sell, or otherwise transact in any of the products mentioned. Do your own due diligence. Past performance does not guarantee future returns. Money with Katie, LLC.
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Mentioned in the Episode
Building a Spending Plan: https://podcast.moneywithkatie.com/everythings-an-investment-building-your-epic-spending-plan/
How to Set Up Money Management Systems: https://podcast.moneywithkatie.com/how-to-set-up-money-management-systems-for-short-term-long-term-goals/
I Invested in My First Startup: https://podcast.moneywithkatie.com/i-invested-in-my-first-startup-and-it-was-terrifying/
Investing Outside Your Retirement Accounts: https://podcast.moneywithkatie.com/investing-outside-your-retirement-accounts/
How to Build a Diversified Stock Portfolio: https://podcast.moneywithkatie.com/how-to-construct-a-diversified-stock-portfolio-of-major-index-funds/
—
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6 days ago
Rich Girl Roundup: No Access to a 401(k)? Here's What to Do
Rich Girl Laura V. asks, "How would you recommend strategically investing for retirement if you don’t have access to an employer sponsored account or an HSA?" Katie and Henah walk through your other investment options along with some suggestions to help encourage employers to offer access to retirement plans.
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
Reminder: While we love diving into investing- and tax law-related data, we are not financial professionals. We have no formal financial education. We are not financial advisors, portfolio managers, or accountants. This is not financial advice, investing advice, or tax advice. The information on this podcast is for informational and recreational purposes only. Investment products discussed (ETFs, index funds, etc.) are for illustrative purposes only. It is not a recommendation to buy, sell, or otherwise transact in any of the products mentioned. Do your own due diligence. Past performance does not guarantee future returns. Money with Katie, LLC.
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Mentioned in the Episode:
401(k) contribution limits vs. the IRA contribution limits in 2023: https://www.irs.gov/newsroom/401k-limit-increases-to-22500-for-2023-ira-limit-rises-to-6500
The Solo 401(k) and SEP IRA: https://moneywithkatie.com/blog/tax-advantaged-retirement-investing-for-the-self-employed-sep-iras-and-solo-401ks
Gusto study on offering retirement benefits: https://gusto.com/company-news/one-secret-to-retaining-top-talent-offering-retirement-benefits
WTW survey on retirement benefits: https://www.wtwco.com/en-us/news/2022/04/health-and-retirement-benefits-jump-as-key-reasons-employees-join-or-stay-with-employer
State-mandated retirement plans: https://www.adp.com/resources/articles-and-insights/articles/s/state-mandated-retirement-plans.aspx
—
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Sep 15, 2023
Fresh Invest x Money with Katie: Women’s Financial Wellness
Women and men can have very different lived experiences when it comes to money. We talk through what some of these differences are, discuss how they impact financial planning, and explore investing strategies that support women’s unique financial goals.
About Fresh Invest: From market shifts to emerging asset classes, Fresh Invest breaks down the current financial climate, what it means to you as an investor, and actionable steps you can take to manage your money and set yourself up for a solid financial future. Join Morning Brew co-founder and executive chairman Alex Lieberman on his weekly deep dive with Fidelity guests.
Custom music by Davis Jones.
Learn more about your ad choices. Visit megaphone.fm/adchoices
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Sep 13, 2023
What Crypto's Failures Reveal About Money's Future
In 2021, high school boys on TikTok were pumping meme coins and discovering (then misapplying) the concept of exponential compounding. Today, with the benefit of hindsight, we can learn a lot about what crypto's rapid rise and fall might mean about money.
Plus, we’re going down the rabbit hole of the competing theories about what money really is: Why do we all agree it has value? What happens if the government keeps making more of it, and is crypto the wrong solution for the right problem?
Transcripts can be found at podcast.moneywithkatie.com
While I love diving into investing- and tax law-related data, I am not a financial professional. I have no formal financial education. I am not a financial advisor, portfolio manager, or accountant. This is not financial advice, investing advice, or tax advice. The information on this podcast is for informational and recreational purposes only. Investment products discussed (ETFs, index funds, etc.) are for illustrative purposes only. It is not a recommendation to buy, sell, or otherwise transact in any of the products mentioned. Do your own due diligence. Past performance does not guarantee future returns. Money with Katie, LLC.
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Mentioned in the Episode
The Future of Cryptocurrency, via The Economist: https://www.youtube.com/watch?v=5-rCKo4CBgM&ab_channel=TheEconomist
Narrative Economics by Robert Shiller: https://bookshop.org/a/90396/9780691210261
Mike Green of Simplify Asset Management: https://investresolve.com/podcasts/mike-green-the-fourth-turning-and-reimagining-the-american-dream/
Stephanie Kelton's TED Talk on the Big Myth of Government Deficits: https://www.youtube.com/watch?v=FATQ0Yf0Fhc
—
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Sep 11, 2023
Rich Girl Roundup: We Regret Buying Our House—What Now?
After purchasing a home, listener Ryan says they now regret it and miss the cash cushion they used to have. What can they do now? Katie and Henah run through the various scenarios—and how universal the feeling of "buyer's remorse" can be, even with housing.
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
Reminder: While we love diving into investing- and tax law-related data, we are not financial professionals. We have no formal financial education. We are not financial advisors, portfolio managers, or accountants. This is not financial advice, investing advice, or tax advice. The information on this podcast is for informational and recreational purposes only. Investment products discussed (ETFs, index funds, etc.) are for illustrative purposes only. It is not a recommendation to buy, sell, or otherwise transact in any of the products mentioned. Do your own due diligence. Past performance does not guarantee future returns. Money with Katie, LLC.
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Mentioned in the Episode:
The Right of Rescission: https://www.consumerfinance.gov/ask-cfpb/how-long-do-i-have-to-rescind-when-does-the-right-of-rescission-start-en-187
Anne Helen Petersen's How Your House Makes You Miserable: https://annehelen.substack.com/p/how-your-house-makes-you-miserable
How Rent vs. Buy Shifted in 2023: https://podcast.moneywithkatie.com/how-rent-vs-buy-shifted-in-2023/
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Read Money with Katie: https://moneywithkatie.com/
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Sep 6, 2023
I Invested in My First Startup—And It Was Terrifying
I invested in a startup for the first time as an angel investor, and, honestly, the process was…strange. While public market investing feels comfortable and “safe,” private investments feel like pulling the lever on a slot machine with a few thousand bucks on the line.
We're taking Rich Girl Nation behind the scenes of the process, with three guests this week. I'm joined by Arman Hezarkhani, the founder & CEO of Parthean (https://www.parthean.com/) about my investment and what I did wrong. I also chatted with Steph Mui, the founder & CEO of PIN (https://www.getpin.xyz/) and Erica Wenger, founder of Park Rangers Capital (https://www.parkrangerscap.com/).
Transcripts can be found at https://podcast.moneywithkatie.com/.
Reminder: While I love diving into investing- and tax law-related data, I am not a financial professional. I have no formal financial education. I am not a financial advisor, portfolio manager, or accountant. This is not financial advice, investing advice, or tax advice. The information on this podcast is for informational and recreational purposes only. Investment products discussed (ETFs, index funds, etc.) are for illustrative purposes only. It is not a recommendation to buy, sell, or otherwise transact in any of the products mentioned. Do your own due diligence. Past performance does not guarantee future returns. Money with Katie, LLC.
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Mentioned in the Episode
Defining an "accredited investor" & how to invest as a non-accredited investor: https://www.upcounsel.com/how-to-invest-without-being-an-accredited-investor
Questions if you're thinking of investing in startups: https://www.forbes.com/advisor/investing/invest-in-startups/
—
Follow Along at Money with Katie: https://moneywithkatie.com/
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Sep 4, 2023
Rich Girl Roundup: What Do I Do Financially in My 30s?
There's a lot of financial advice out there about what to do in your 20s—but what about your 30s? We also chat through a few pieces of feedback from last week's Rich Girl Roundup on taxes.
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
Reminder: While we love diving into investing- and tax law-related data, we are not financial professionals. We have no formal financial education. We are not financial advisors, portfolio managers, or accountants. This is not financial advice, investing advice, or tax advice. The information on this podcast is for informational and recreational purposes only. Investment products discussed (ETFs, index funds, etc.) are for illustrative purposes only. It is not a recommendation to buy, sell, or otherwise transact in any of the products mentioned. Do your own due diligence. Past performance does not guarantee future returns. Money with Katie, LLC.
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Mentioned in the Episode:
Last week's Rich Girl Roundup on owing vs. getting a refund with taxes: https://podcast.moneywithkatie.com/rich-girl-roundup-are-you-on-track-to-owe-get-a-refund-or-break-even/
Chelsea Fagan's TikTok about your 30s: https://www.tiktok.com/@faganchelsea/video/7207116547679194373?lang=en
Does the Perfect "Save Rate" Exist? https://podcast.moneywithkatie.com/does-the-perfect-save-rate-exist-i-figured-it-out/
—
Read Money with Katie: https://moneywithkatie.com/
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Aug 30, 2023
Investing *Outside* Your Retirement Accounts
Today we're venturing into the world of taxable investing—aka flexible money you can access at any time. How do we balance building wealth here along with our tax-advantaged accounts like a 401(k) or an IRA? Who should be making this a priority? And how does it actually work? Let's dive in.
Reminder: While I love diving into investing- and tax law-related data, I am not a financial professional. I have no formal financial education. I am not a financial advisor, portfolio manager, or accountant. This is not financial advice, investing advice, or tax advice. The information on this podcast is for informational and recreational purposes only. Investment products discussed (ETFs, index funds, etc.) are for illustrative purposes only. It is not a recommendation to buy, sell, or otherwise transact in any of the products mentioned. Do your own due diligence. Past performance does not guarantee future returns. Money with Katie, LLC.
Transcripts can be found at podcast.moneywithkatie.com
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Mentioned in the Episode
How to Set Yourself Up to Pay No Money in Retirement: https://podcast.moneywithkatie.com/deep-dive-set-yourself-up-to-pay-no-penalties-or-taxes-in-early-retirement/
How Your Investments are Taxed: https://moneywithkatie.com/blog/how-your-investments-are-taxed
—
Follow Along at Money with Katie: https://moneywithkatie.com/
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Aug 28, 2023
Rich Girl Roundup: Are You On Track to Owe, Get a Refund, or Break Even?
Would you rather owe the IRS come tax szn or get a fat refund? There are pros and cons to both, which Katie and Henah walk through—as well as the best way to break even and some tips on properly filling out tax forms.
Listener Note: Katie misspoke in the episode when she said schedule K income and meant to say schedule C income—we hope this helps clarify!
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Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
Reminder: While we love diving into investing- and tax law-related data, we are not financial professionals. We have no formal financial education. We are not financial advisors, portfolio managers, or accountants. This is not financial advice, investing advice, or tax advice. The information on this podcast is for informational and recreational purposes only. Investment products discussed (ETFs, index funds, etc.) are for illustrative purposes only. It is not a recommendation to buy, sell, or otherwise transact in any of the products mentioned. Do your own due diligence. Past performance does not guarantee future returns. Money with Katie, LLC.
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Mentioned in the Episode:
Money with Katie Tax-Smart Investing Bundle: https://education.morningbrew.com/tax-smart-bundle
SmartAsset's Federal Income Tax Calculator: https://smartasset.com/taxes/income-taxes
ChooseFI with the FI Tax Guy, on using your previous tax return to financially plan: https://www.choosefi.com/transform-your-tax-return-into-a-springboard-for-financial-planning-ep-332/
—
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Aug 23, 2023
The Truth About the Wage Gap
Why does the wage gap persist, despite both legislation and a cultural shift that encourages women to participate in the workforce with the fervor of a thousand exploding suns? The gap has barely budged over the last decade or two, stagnating somewhere in the low 80% range.
I had to crawl into some objectionable online spaces that are expressly “anti-women” to find out (so you don’t have to!)…and the consensus I found there was dizzying.
I'm also joined by Ellevest's CEO Sallie Krawcheck—and, I have to say, this conversation is a must-listen.
Transcripts can be found at podcast.moneywithkatie.com
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Mentioned in the Episode
Economic historian Claudia Goldin's work: https://podcasts.apple.com/us/podcast/women-at-work/id1336174427?i=1000403279400
US Bureau of Labor Statistics data on the wage gap: https://www.bls.gov/opub/ted/2022/median-earnings-for-women-in-2021-were-83-1-percent-of-the-median-for-men.htm
BLS "time use studies": https://www.bls.gov/news.release/pdf/atus.pdf
Harvard study on the dynamics of the gender wage gap: https://scholar.harvard.edu/files/goldin/files/dynamics_of_the_gender_gap_for_young_professionals_in_the_financial_and_corporate_sectors.pdf
US News ranking and methodology for countries and gender equality: https://www.usnews.com/news/best-countries/articles/methodology
Parental leave data from the Organization for Economic Cooperation & Development: https://www.oecd.org/els/soc/PF2_1_Parental_leave_systems.pdf
BLS employment characteristics from 2022: https://www.bls.gov/news.release/pdf/famee.pdf
Pew Research on stay-at-home parents in the 1970s: https://www.pewresearch.org/social-trends/2014/04/08/after-decades-of-decline-a-rise-in-stay-at-home-mothers/
Cosmopolitan essay from Laura Kipnis on why maternal instincts are BS: https://www.cosmopolitan.com/sex-love/a37568/why-maternal-instincts-are-bs/
—
Follow Along at Money with Katie: https://moneywithkatie.com/
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Aug 21, 2023
Rich Girl Roundup: The Best Tips (& Gotchas) to Know About When Moving
One aspiring Rich Girl asked what to keep in mind for long-distance moving—and since Katie and Henah both moved 1,000+ miles in July, they deep-dive into the best tips to keep in mind, "gotchas" to look out for, and their own experiences down to the cost. (Plus, why a relo package or sign-on bonus is a must!)
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
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Mentioned in the Episode:
The emotional burden of moving: https://www.instagram.com/p/CvXU5rgsj7j/
Zillow rep shares why off-peak moving can be better: https://podcast.moneywithkatie.com/how-rent-vs-buy-shifted-in-2023/
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Read Money with Katie: https://moneywithkatie.com/
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TikTok - https://www.…
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Aug 16, 2023
How to Erase Medical Debt & Avoid Overpaying
There are a few key phrases, online tools, and strategies that are key to unlocking this intentionally opaque industry—so we're going to cover it all today. In a marketplace where some hospitals charge 30x their costs and the insurance company “discounts” do little to help, taking matters into your own hands is often your best bet.
I'm joined by two medical billing pros, Braden Pan, CEO of Resolve Medical Bills (https://www.resolvemedicalbills.com/) and Jeanne Pinder of ClearHealthCosts (https://clearhealthcosts.com/). Email Jeanne with billing questions at jeanne@clearhealthcosts.com.
Transcripts can be found at podcast.moneywithkatie.com
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Mentioned in the Episode
Navigating the US Healthcare System Without Getting Financially F***ed: https://podcast.moneywithkatie.com/navigating-the-us-healthcare-system-without-getting-financially-fed/
Expensive Open Enrollment Mistakes to Avoid: https://podcast.moneywithkatie.com/expensive-open-enrollment-mistakes-to-avoid-making-the-be…
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Aug 14, 2023
Rich Girl Roundup: Student Loans are Back—What to Know (and a Potential Hack)
The moratorium on student loan payments will expire starting September 1st, but there's also a new program to be aware of called SAVE. Katie and Henah chat through the new requirements for lower payments, if you should pay off loans more quickly, and a potential hack to get your loans dismissed.
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
*We are not licensed financial professionals and this is not financial advice.
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Mentioned in the Episode:
SAVE Plan Announcement: https://studentaid.gov/announcements-events/save-plan
Federal Student Aid Webpage: https://studentaid.gov/
White House Webpage: https://www.whitehouse.gov/
Brian's Twitter Thread: https://twitter.com/brianmanookian/status/1674963884703088642
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Read Money with Katie: https://moneywithkatie.com/
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Aug 9, 2023
Beauty Is $$$: How to Hop Off The "Hot Girl Hamster Wheel"
Today's episode throws it back to a concept I first wrote about several years ago: The Hot Girl Hamster Wheel. It refers to the expensive maintenance that “traditional female beauty ideals” prescribe: haircuts, manis/pedis, spray tans...the list goes on. But why is this never covered in personal finance sector, despite how much these costs add up?
We dig into the numbers, the effects beauty has on our self-esteem and the world around us, and how to do a Hot Girl Detox to reclaim your time (and wallet). I'm joined by Jessica DeFino, a beauty culture critic, author of The Unpublishable (https://jessicadefino.substack.com/), and journalist who's been called "the woman the beauty industry fears."
Transcripts can be found at podcast.moneywithkatie.com
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Mentioned in the Episode
How 'Empowerment' Became Something for Women to Buy by Jia Tolentino, from The New York Times: https://www.nytimes.com/2016/04/17/magazine/how-empowerment-became-something-for-women-to-buy.html
The average Am…
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Aug 7, 2023
Rich Girl Roundup: How Do Targeted Ads Influence Our Spending?
One reader notes: Back in the 80s and 90s, marketing reached us via malls and television. But today, it's as easy as opening up your phone and having access to 1-click shipping. How has targeted marketing changed our approach to spending, and where can we draw the line?
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
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Mentioned in the Episode:
Federal Trade Commission's Brief on the Economics of Targeted Advertising: https://www.ftc.gov/system/files/documents/reports/brief-primer-economics-targeted-advertising/economic_issues_paper_-_economics_of_targeted_advertising.pdf
What is Influencer Marketing & How Does It Target Children? https://www.frontiersin.org/articles/10.3389/fpsyg.2019.02685/full
Instagram post on financial discipline: https://www.instagram.com/p/CukWobWR9…
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Aug 2, 2023
Estates, Inheritances, & Aging Parents: Your Checklist
We recently did a Rich Girl Roundup on how to talk money with aging parents, and the response for a deep-dive was overwhelming. So, we rounded up the most common questions and brought back Kim Davis from the Bahnsen Group to walk us through everything we need to know for our parents' golden years.
We're pulling together a comprehensive checklist to walk through with your loved ones, and we'll share it in next week's newsletter. Subscribe now so you don't miss it: https://www.morningbrew.com/money-with-katie/subscribe.
Transcripts can be found at podcast.moneywithkatie.com
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Mentioned in the Episode
Rich Girl Roundup: How to Talk Money with Aging Parents: https://podcast.moneywithkatie.com/rich-girl-roundup-how-to-talk-money-with-aging-parents/
Kim Davis on The Money with Katie Show on Prenups: https://podcast.moneywithkatie.com/to-prenup-or-not-to-prenup-with-the-fiscal-feminist-kim-davis/
Hybrid Long-Term Care Insurance Policies: https://www.brighthousefinancial.com/education/hea…
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Jul 31, 2023
Rich Girl Roundup: How Do I Get Friends & Family Comfortable Investing?
Got friends or family interested in investing but don't know where to start or are scared of the risk? Katie and Henah chat through the hesitations they each experienced on their investing journeys, how their own friends empowered them to start, and how they mitigated risk as much as possible.
And a reminder, as always: This is not financial advice, and past performance is not indicative of future returns.
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on our Instagram (@moneywithkatie). New episodes every week.
—
Mentioned in the Episode:
How Money Anxiety Can Help Build Wealth: https://podcast.moneywithkatie.com/how-your-money-anxiety-might-actually-help-build-wealth/
S&P Has Never Lost Money Over 30-Year Periods: https://fourpillarfreedom.com/heres-how-the-sp-500-has-performed-since-1928
Rationality by Steven Pinker: https://boo…
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Jul 26, 2023
Does The “Perfect Save Rate” Exist? I Figured It Out
The biggest money question we have is usually: How do I enjoy my life now and plan for enjoying it later? If we go too far in either direction, we're sacrificing the quality of our lives at one point or another.
So does the “perfect” save rate exist that optimizes for both now and the future? And if so, what is the ideal percentage of our income to save that would work for most people, most of the time? Here's the number I landed at, and why.
Transcripts can be found at podcast.moneywithkatie.com
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Mentioned in the Episode
Save Rate Spreadsheet [Make a copy!]: https://docs.google.com/spreadsheets/d/1rTlDhv2GGRUczBF_1W0PX_OCxKFNR9ZZp78EKpP2KTc/edit?usp=sharing
Why Hitting "Half FI" is More Like 75%: https://moneywithkatie.com/blog/why-hitting-half-fi-is-more-like-75
Money with Katie Wealth Planner with the Financial Independence Calculator: https://moneywithkatie.com/new-2023-wealth-planner
—
Follow Along at Money with Katie: https://moneywithkatie.com/
Watch on YouTube:…
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Jul 24, 2023
Rich Girl Roundup: Splitting the Bill with Friends Without Getting Screwed
You're out with friends and only order a $10 salad and water. Meanwhile, they each get expensive entrees and drinks. What's the least awkward way to split the bill? And how can we avoid this situation from happening over and over again?
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
—
Read Money with Katie: https://moneywithkatie.com/
Follow Money with Katie!
Instagram - https://www.instagram.com/moneywithkatie
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TikTok - https://www.tiktok.com/@moneywithkatie
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Jul 19, 2023
How "Rent vs. Buy" Shifted in 2023
The only thing worse than a post-pandemic rental market? A post-pandemic buyer’s market. I sat down with Zillow’s Head of Rentals Communication to talk about how the rental market has evolved over the last three years, and the one variable that might just make buying your home right now worth it. Plus, I share the numbers and rationale behind our own decision to continue renting near Sacramento, California.
What are your considerations when picking a place to live? How are you making the rent vs. buy decision in 2023? Email us at moneywithkatie@morningbrew.com.
Transcripts can be found at podcast.moneywithkatie.com
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Mentioned in the Episode
Rent vs. Buy in a High Interest Rate Environment: https://podcast.moneywithkatie.com/the-rent-vs-buy-decision-in-2022s-interest-rate-environment-and-lofty-market/
Housing Affordability is at an Historic Low: https://thehill.com/business/3881539-housing-affordability-hits-historic-low/
Average Closing Costs, per Rocket Mortgage: https://www…
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Jul 17, 2023
Rich Girl Roundup Wades into the "Ethical Landlord" Debate
Does "ethical landlordship" exist, and if so, what does it look like? What are the bigger questions or factors at play here, including the issues with short- vs. long-term rentals, housing policy, and achieving economies of scale?
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
—
Mentioned in the Episode:
1/5 of homes going to investors: https://www.axios.com/2022/02/18/investors-homes-wealth-families
The hole in Henah's ceiling: https://ibb.co/f444DJF
When NYC had more Airbnbs than apartments available: https://www.curbed.com/2022/05/new-york-more-airbnb-listings-apartments-rentals.html
The Homeownership Society was a Mistake by Jerusalem Demsas: https://www.theatlantic.com/newsletters/archive/2022/12/homeownership-real-estate-investment-renting/672511/
How San Francisc…
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Jul 12, 2023
The Most Rewarding Everyday Luxuries, According to Science
If we have access to more convenience than ever before, why does life still feel so frenetic and busy? Achieving a more leisurely pace (and indulgent lifestyle) comes down to a few key choices, it turns out—and fortunately, they don’t need to be expensive.
I chat about romanticizing your life and the European approach to leisure with our guest, Melissa Jean-Baptiste of Millennial in Debt (@millennialindebt), and cover some ways to approach slow living in three key areas of our lives that offer the biggest ROI for happiness.
Transcripts can be found at podcast.moneywithkatie.com.
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Mentioned in the Episode
Melissa Jean-Baptiste's book, So This Is Why I'm Broke: https://sothisiswhyimbroke.com/
Kylie Jenner purchasing a Cartier is the same as me proportionally buying a cold brew: https://www.instagram.com/p/CiIF_g3O8Fe/
Finding & Funding a Good Life, from PWL Capital: https://www.pwlcapital.com/wp-content/uploads/2022/05/2022-04-25_PWL_WP_Felix_Finding_and_Funding_Good_Life_NoIma…
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Jul 10, 2023
Rich Girl Roundup: What Is "Deservingness"?
Listener Jamie F. posed the question: "What is deservingness? How does the idea of having 'earned it' play into our perceptions of other people's wealth versus those who we deem unworthy of their success?"
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
—
Mentioned in the Episode
Nick Maggiulli on luck and investment results: https://ofdollarsanddata.com/bad-investment-results-your-birth-year-may-be-to-blame/
—
Read Money with Katie: https://moneywithkatie.com/
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Jul 5, 2023
This Investing Mistake Cuts Returns in Half
Ignore the advice to buy and hold at your own peril. This research-rich deep dive unpacks the ways in which your biggest investing hurdle…is yourself (and 3 tangible tactics for overcoming!).
Transcripts can be found at podcast.moneywithkatie.com.
—
Mentioned in the Episode
Money with Katie on how the average 10% might not happen in the future due to overpriced assets: https://moneywithkatie.com/blog/why-do-people-say-stocks-are-overvalued-right-now
Dalbar's Quantitative Analysis of Investor Behavior: https://wealthwatchadvisors.com/wp-content/uploads/2020/03/QAIB_PremiumEdition2020_WWA.pdf
Money with Katie 2023 Wealth Planner: https://moneywithkatie.com/new-2023-wealth-planner
How to Diversify Outside of the Total Stock Market: https://podcast.moneywithkatie.com/how-to-construct-a-diversified-stock-portfolio-of-major-index-funds/
Why You Shouldn't Try to Time The Market: https://moneywithkatie.com/blog/why-you-shouldnt-try-to-time-the-market
JP Morgan Asset Management Analy…
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Jul 3, 2023
Rich Girl Roundup: Using Long-Term Investments to...Buy a House?
How do I transition my long-term brokerage account to a shorter-term savings goal, like a house? That’s the question we’re unpacking on this week’s episode of Rich Girl Roundup. I even called in the big guns (a friend who happens to be a CFP and wealth manager) to weigh in.
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
—
Read Money with Katie: https://moneywithkatie.com/
Follow Money with Katie!
Instagram - https://www.instagram.com/moneywithkatie
Twitter - https://twitter.com/moneywithkatie
TikTok - https://www.tiktok.com/@moneywithkatie
Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jun 28, 2023
The Costs of Infertility
One in six people globally is affected by infertility—and that means getting pregnant can be expensive. Today, we'll talk about the different types of fertility treatments available like IUI and IVF, how to budget for those costs, and some of the ethical implications of the topic at large.
We'll also be joined by Arielle Bogorad, the SVP of Employer Market Strategy at Progyny, an organization offering comprehensive fertility and family building benefits to more than 5M people across the United States. She'll share more on how to navigate the US healthcare system, what to ask your insurance providers, and how we can advocate for inclusive coverage at a policy level.
Learn more about our sponsor, Vin Social: https://www.vinsocial.vip
Transcripts can be found at podcast.moneywithkatie.com.
—
Mentioned in the Episode
1 in 6 people affected by infertility globally: https://www.who.int/news/item/04-04-2023-1-in-6-people-globally-affected-by-infertility
Fertility treatment coverage in 2…
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Jun 26, 2023
Rich Girl Roundup: Which Job Benefits Are Actually The Most Valuable?
We spend nearly a third of our days at work, and our benefits there—like access to retirement accounts and time off—affect our personal lives, too. What are the most valuable and worthwhile benefits? Henah and Katie chat through their beef with unlimited PTO as well as their perspectives on living-wage salaries, profit sharing plans, and on-site childcare.
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
—
Read Money with Katie: https://moneywithkatie.com/
Follow Money with Katie!
Instagram - https://www.instagram.com/moneywithkatie
Twitter - https://twitter.com/moneywithkatie
TikTok - https://www.tiktok.com/@moneywithkatie
Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jun 21, 2023
The $100B+ "Creator Economy" Revealed
Mr. Beast might make $50M a year...but how much does the average influencer earn? Which platform lends itself most readily to monetization? And how have some influencers scaled to eight-figure, long-lasting businesses—like our guest, Thomas Frank with 3M subscribers—while others flame out in 18 months? We answer all of these juicy questions and dive into the hard numbers.
Learn more about our sponsor, Vin Social: https://www.vinsocial.vip
Transcripts can be found at podcast.moneywithkatie.com.
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Mentioned in the Episode
Thomas Frank on YouTube: https://www.youtube.com/channel/UCG-KntY7aVnIGXYEBQvmBAQ
The value of the creator economy: https://influencermarketinghub.com/ebooks/Creator_Economy_-_Creator%20Earnings_Benchmark_2021.pdf
1 in 4 Gen Zers plan to become content creators: https://thehill.com/changing-america/enrichment/arts-culture/3614182-1-in-4-gen-z-ers-plan-to-become-social-media-influencers/
Neal Schaffer on The Age of Influence: https://nealschaffer.com/influencer…
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Jun 19, 2023
Rich Girl Roundup: How Does A Pension Affect My Retirement Goals?
What even is a pension? How can it affect my savings goals for retirement? And is it really guaranteed?
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
—
Mentioned in the Episode:
Last week's RGR on CDs: https://link.chtbl.com/7ClqMm2w
The 10 Biggest Failed Pension Plans: https://money.usnews.com/money/blogs/planning-to-retire/2010/08/23/the-10-biggest-failed-pension-plans
A 2023 example of failed pension plans: https://www.usnews.com/news/business/articles/2023-03-21/public-pension-plan-losses-from-bank-failures-were-minor
—
Read Money with Katie: https://moneywithkatie.com/
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Jun 14, 2023
Is Pet Insurance A Scam?
Yes, I did spend that much money on my dog, Georgia aka Beans. But before you jump to conclusions, it was one of those medical “one thing after another” descents into the pits of budgetary (and emotional) hell. Would pet insurance have helped? The short answer is…kind of, but it’s complicated.
Learn more about our sponsor, Vin Social: https://www.vinsocial.vip
Transcripts can be found at podcast.moneywithkatie.com.
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Mentioned in the Episode
Pet insurance stats from MarketWatch: https://www.marketwatch.com/guides/insurance-services/pet-insurance-facts-and-statistics
How much does pet insurance cost by breed, from MarketWatch: https://www.marketwatch.com/guides/insurance-services/pet-insurance-cost/
Average pet insurance claim: https://www.benefitspro.com/2018/05/02/5-most-common-and-5-most-expensive-pet-insurance-claims
—
Follow Along at Money with Katie: https://moneywithkatie.com/
Watch on YouTube: https://www.youtube.com/@MoneywithKatie
Follow Money with Katie!…
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Jun 12, 2023
Rich Girl Roundup: Should I Put My Money in CDs?
To CD, or not to CD…that is the question Henah and I are breaking down this week. When yields are 5% (or higher!) in safe financial instruments like certificates of deposit, what’s the case against fleeing to safety? (Hint: The NASDAQ is up 27% YTD, and the S&P 500 is popping off at nearly 12% YTD.)
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
—
Mentioned in the Episode:
Why I Bonds Can Be A Distraction: https://www.youtube.com/watch?v=3LevWqIdvig
—
Read Money with Katie: https://moneywithkatie.com/
Follow Money with Katie!
Instagram - https://www.instagram.com/moneywithkatie
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Jun 7, 2023
Hustle Culture or Quiet Quitting: Which Wins?
As a society, we now pit "anti-work" against "grindset mentality"—but we might actually be in a stage of self-defeating overcorrections at this point, including questionable trends like TradLife and Stay at Home Girlfriend Tok.
In this week's episode, we cover the pros and cons of both hustle culture and quiet quitting, how employee stock ownership programs might help, and what a better balance between the two might be.
Learn more about our sponsor, Vin Social: https://www.vinsocial.vip
Learn more about our sponsor, CFA Institute: https://www.cfainstitute.org/en/programs/cfa
Learn more about our sponsor, Fidelity: https://fidelity.com/stocksbytheslice
Learn more about Betterment: http://www.betterment.com/moneywithkatie
Transcripts can be found at podcast.moneywithkatie.com.
—
Mentioned in the Episode
Range by David Epstein: https://bookshop.org/a/90396/9780735214507
"The Secret to Conventional Success We Don't Talk About": https://moneywithkatie.com/blog/conventional-success-sec…
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Jun 5, 2023
Rich Girl Roundup: When Your Retirement Accounts Haven't Grown
One listener writes in that her retirement accounts haven't really grown over the past few years—so what's a Rich Girl to do?
Katie and Henah chat through the last several years of returns and the economy, what to watch out for, and actions to consider for better results.
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
—
Mentioned in the Episode:
Portfolio Visualizer: https://www.portfoliovisualizer.com/
—
Read Money with Katie: https://moneywithkatie.com/
Follow Money with Katie!
Instagram - https://www.instagram.com/moneywithkatie
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May 31, 2023
Ramit Sethi on Business, Life, and Money
How can money make your life better? More fulfilling? Happier?
To answer the question, I invited a very special guest on the show: the one and only Ramit Sethi, of How to Get Rich of Netflix fame. (And, of course, his bestseller, I Will Teach You to be Rich.)
We discuss everything from business to personal finance philosophy to why he’s not afraid to be outspoken online. Plus, he shares helpful tips on seeing money as an opportunity, how to spend and not just save, and more. I love all my guests, but…this interview is up there for me.
Learn more about our sponsor, Vin Social: https://www.vinsocial.vip
Learn more about our sponsor, Fidelity: https://fidelity.com/stocksbytheslice
Learn more about the CFA Institute: https://www.cfainstitute.org/en/programs/cfa
Learn more about Betterment: http://www.betterment.com/moneywithkatie
Transcripts can be found at podcast.moneywithkatie.com.
—
Mentioned in the Episode
I Will Teach You to be Rich: https://bookshop.org/a/90396/9781523505746…
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May 29, 2023
Rich Girl Roundup: Responding to Our Most Controversial Topic
Our episode on the myth self-made millionaires (linked below) stirred up quite the conversation online—Katie and Henah chat through a few listener critiques that were sent in response. What do you think?
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
—
Mentioned in the Episode:
"Are Most Millionaires Actually Self-Made?": https://link.chtbl.com/4Cx-Hbo_
Why Are We Obsessed with Rich People Who Drive Old Cars? https://moneywithkatie.com/blog/why-are-we-obsessed-with-rich-people-with-old-cars
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Read Money with Katie: https://moneywithkatie.com/
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May 24, 2023
The Ultimate Traditional vs. Roth 401(k) Strategy
Today, we're breaking down every. single. aspect. worth considering when you’re deciding between Traditional and Roth contributions in your 401(k), because making the “right choice” can mean a difference of hundreds of thousands of dollars in a few decades.
So, what’s a Rich Girl to do when faced with a slew of retirement plan options and a dream? By the end of this episode, you’ll feel confident in your choice.
Learn more about our sponsor, Vin Social: https://www.vinsocial.vip
Learn more about our sponsor, Fidelity: https://fidelity.com/stocksbytheslice
Learn more about the CFA Institute: https://www.cfainstitute.org/en/programs/cfa
Learn more about Betterment: http://www.betterment.com/moneywithkatie
Transcripts can be found at podcast.moneywithkatie.com.
—
Mentioned in the Episode
How to Pay No Taxes in Early Retirement: https://link.chtbl.com/9nugZS3C
Traditional vs. Roth breakdown: https://docs.google.com/spreadsheets/d/1pDXtuOBV5o_hyxVvlIzienhKbuE0ajGaj8mvPWGBOGM/e…
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May 22, 2023
Rich Girl Roundup: Why Katie Made Henah Max Out Her 401(k)
Sometimes we all need a little nudge to make the best financial decisions for ourselves. In this week's episode, Henah recounts how Katie helped her max out her 401(k) contributions, overcome her psychological hangups about "making less per paycheck," and how she's feeling about it now.
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
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Read Money with Katie: https://moneywithkatie.com/
Follow Money with Katie!
Instagram - https://www.instagram.com/moneywithkatie
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May 17, 2023
The Writers’ Strike & Negotiating Your Dream Job (feat. One of John Oliver's Writers)
Rich Girl Taylor Kay Phillips is spilling all the tea on the Hollywood writers' strike—and giving us the inside scoop on a career in writing for television. We also cover the broader implications of negotiating for a fair wage, including a few tactics to try when you're exploring a dream job.
For more negotiation tips:
Check out this week's blog post for tactics specific to salaried workers: https://moneywithkatie.com/blog/salary-negotiation-tactics-for-increasing-income
Check out this week's YouTube video, where we unpack the tactics mentioned in this episode in more detail: https://www.youtube.com/watch?v=FQDcsgLCfUg
Learn more about our sponsor, Vin Social: https://www.vinsocial.vip
Learn more about our sponsor, Fidelity: https://fidelity.com/stocksbytheslice
Learn more about our sponsor, Betterment: http://www.betterment.com/moneywithkatie
Transcripts can be found at podcast.moneywithkatie.com.
—
Mentioned in the Episode
The Writers' Strike Deadline Is Here, from The Town…
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May 15, 2023
Rich Girl Roundup: Purchases We Regret & Purchases We Wish We Spent More On
Join us this week for a frank discussion about the things we wish we wouldn't have bought—and the stuff we wish we would've spent more on.
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
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Mentioned in the Episode
The Money with Katie Show: Is Pet Insurance Worth it?: https://youtu.be/co9b8Vh_Rfs
How to Travel for Free in 2023: https://podcast.moneywithkatie.com/how-to-travel-for-free-in-2023/
-
Read Money with Katie: https://moneywithkatie.com/
Follow Money with Katie!
Instagram - https://www.instagram.com/moneywithkatie
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May 10, 2023
Trapped in the Low Wage Cycle: A Shot at Building a Better Life
I’m so proud of the work the team did to develop and produce this episode. Typical personal finance advice works particularly well for people in a certain position (with good salaries, education, or inheritances), but it’s mostly useless if you’re not earning enough to make ends meet. To make matters more complex, the way some government assistance programs currently work can paradoxically make it harder to get ahead in the long term.
Learn more about our sponsor, Vin Social: https://www.vinsocial.vip
Learn more about our sponsor, Fidelity: https://fidelity.com/stocksbytheslice
Learn more about The CFA Institute: https://www.cfainstitute.org/en/programs/cfa
Transcripts can be found at podcast.moneywithkatie.com.
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Mentioned in the Episode
Oxfam America Study on the Low-Wage Workforce: https://www.brookings.edu/research/meet-the-low-wage-workforce/
Women’s workforce participation: https://www.brookings.edu/wp-content/uploads/2022/03/SP22_BPEA_Goldin_conf-draft.pdf
97% of U…
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May 8, 2023
Rich Girl Roundup: The 10 Best Money Tips For Your 20s & Beyond
What advice would we go back and tell ourselves in our early 20s, and how has our perspective on money changed as we approach our 30s? Katie and Henah chat through 10 tips they'd share, from intimately understanding your spending to prioritizing experiences to saving for childcare costs long-term.
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
-
Mentioned in the Episode
The importance of starting to save early for retirement: https://moneywithkatie.com/blog/more-money-retirement-financial-literacy
Consumption theory: https://www.britannica.com/topic/consumption/Consumption-theory
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Read Money with Katie: https://moneywithkatie.com/
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May 3, 2023
How to Travel for Free in 2023
CARDS MENTIONED IN THIS EPISODE, IN ORDER: http://www.moneywithkatie.com/2023travel
If you’ve ever wanted to take a more intentional approach to your credit cards and travel (or just tune up an existing approach!), this week’s episode is a must-listen.
File “travel rewards” under the “sounds too good to be true but isn’t” category, with the major caveat that it’s a little like playing with fire: As long as your spending habits aren’t flammable, you stand to gain a lot.
We called in travel rewards pro Benét Wilson—former Senior Cards Editor at The Points Guy and freelance aviation journalist—to weigh in and pressure-test our Money with Katie strategy, because this landscape is always changing—and the episode made me realize there’s at least one hotel card I need to consider adding to my wallet lineup.
Learn more about our sponsor, Vin Social: https://www.vinsocial.vip
Learn more about our sponsor, Fidelity: https://fidelity.com/stocksbytheslice
Learn more ab…
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May 1, 2023
Rich Girl Roundup: What Would We Do With An Inheritance?
Whether you receive an inheritance or win the lottery, they can both be treated like receiving new income. Katie and Henah chat through what they would do with a big lump sum, including paying off debts, investing in experiences and companies, and if Katie would continue to rent. 👀
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
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Mentioned in the Episode
Inheritance taxes: https://turbotax.intuit.com/tax-tips/estates/what-are-inheritance-taxes/L93IUc3sC
Estate taxes: https://www.irs.gov/businesses/small-businesses-self-employed/estate-tax
Treading lightly on unexpected income: https://podcast.moneywithkatie.com/how-to-deal-with-unexpected-expenses/
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Read Money with Katie: https://moneywithkatie.com/
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Apr 26, 2023
How to Deal with Unexpected Expenses
“Dude, why is being alive so expensive?”—an actual sentence I said aloud to Henah back in January when my dog needed surgery, my husband and I got a giant tax bill, Henah’s travel insurance wouldn’t come through, and a formerly in-network doctor informed her she owed them a large sum since they were now (surprise!) out-of-network. (USA! USA!)
One of the rudest awakenings of adulthood is the realization that simply paying for the boring stuff eats up a lot of your income, which can be incredibly demoralizing when you’re trying to make progress.
So which tactics (both financial and psychological) can help you plan for the mundane or unexpected? Will this ever stop, or do your financial problems just scale proportionally with your net worth?
Learn more about our sponsor, Vin Social: https://www.vinsocial.vip
Learn more about our sponsor, Droplette: https://droplette.io/. Use promo code MONEYWITHKATIE for 50% off.
Learn more about our sponsor, Fidelity: https://fidelity.com/sto…
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Apr 24, 2023
Rich Girl Roundup: How to Talk Money with Aging Parents
A listener asks, "How can I plan for my parents' later years in life, and how can I start that conversation?" Katie and Henah reflect on conversations they've had with their own families, what to do (hint: prep a life audit!), and caveats to consider. (And, if you want us to go into this topic more in-depth, email us at moneywithkatie@morningbrew.com!)
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
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Mentioned in the Episode
92% of Americans say it's important to discuss wishes for end-of-life care, but only 32% of had the conversation, per The Conversation Project: https://theconversationproject.org/about/
Where to start with end-of-life planning with loved ones: https://www.vox.com/even-better/23378958/end-of-life-planning-elders-parents-grandparents-loved-ones
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Read Mon…
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Apr 19, 2023
Save the #BossBabes: MLMs, Get-Rich-Quick Schemes, and the Prosperity Gospel
When Amazon Prime dropped the LuLaRich documentary in 2021, it was one of the first times the population at large got to peek behind the curtain at one of the largest multilevel marketing companies in the world—and boy, did it take internet voyeurs by storm.
The timing of (and snark generated by) such an explosive exposé was especially interesting, given the other pyramid scheme-y thing playing out in 2022: NFTs, shitcoins, and meme stocks.
It feels like we should’ve learned our collective lesson by now—but are the get-rich-quick schemes that plague our DMs and Twitter feeds evolving faster than we are? What’s a Boss Babe to do?
Learn more about our sponsor, Vin Social: https://www.vinsocial.vip
Learn more about our sponsor, Droplette: https://droplette.io/. Use promo code MONEYWITHKATIE for 50% off.
Learn more about our sponsor, Fidelity: https://fidelity.com/stocksbytheslice
Transcripts can be found at podcast.moneywithkatie.com.
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Mentioned in the Episode
Amanda Mo…
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Apr 17, 2023
Rich Girl Roundup: How Does Credit Work?
Understanding credit can be tricky—but it's an invaluable part of our financial toolboxes since it affects our ability to buy a home, access loans, etc. Katie and Henah break down the history of credit, how it works, tips to keep in mind while building your credit score, and more.
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
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Mentioned in the Episode
Consumer Finance statistic on 26M Americans being credit invisible: https://www.consumerfinance.gov/about-us/newsroom/cfpb-report-finds-26-million-consumers-are-credit-invisible/
How Your Credit is Calculated: https://www.equifax.com/personal/education/credit/score/how-is-credit-score-calculated/
Annual Credit Report: https://www.annualcreditreport.com/index.action
Credit Karma: https://creditkarma.com/
How to Save for Y…
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Apr 12, 2023
Does Early Retirement Still Work With 2023 Inflation? Featuring Bill Bengen
Bill Bengen, who established the 4% safe maximum withdrawal rate (the rule on which most of financial planning relies), is a straight shooter, and his perspective on whether or not we’re currently in uncharted waters surprised me.
But fear not—there’s a little-discussed element of planning for early (as well as regular!) retirement that might be our saving grace. We’ll unpack that, too.
Learn more about our sponsor, Vin Social: https://www.vinsocial.vip
Learn more about our sponsor, TaxAct: https://www.taxact.com/moneywithkatie
Learn more about our sponsor, Fidelity: https://fidelity.com/stocksbytheslice
Transcripts can be found at podcast.moneywithkatie.com.
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Mentioned in the Episode
The 4% Rule by Bill Bengen: https://www.retailinvestor.org/pdf/Bengen1.pdf
Our previous episode on the 4% Rule: https://podcast.moneywithkatie.com/the-most-dangerous-misconceptions-about-the-4-safe-withdrawal-rate/
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Follow Along at Money with Katie: https://moneywithkatie.com/
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Apr 10, 2023
Rich Girl Roundup: How to Save for Your Kids' Future
Whether it's for tuition expenses or weekly allowances, Katie and Henah chat through short-, middle-, and long-term strategies on saving for your children's future, including the 529, Roth IRA, and UGMA/UTMA for minors.
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
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Mentioned in the Episode
Previous RGR on Teaching Kids About Money: https://youtu.be/Y2Y-cOAKBuM
Best Debit & Credit Cards for Kids (updated monthly): https://www.businessinsider.com/personal-finance/best-debit-card-for-kids
The 529 (Qualified Tuition Programs): https://www.irs.gov/taxtopics/tc313
UTMA & UGMA for Minors: https://www.nerdwallet.com/article/investing/utma-ugma
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Read Money with Katie: https://moneywithkatie.com/
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Instagram - https://www.instagram.com/moneywithkatie
Twi…
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Apr 5, 2023
Are Most Millionaires Actually “Self-Made”?
“Luck” is where opportunity meets preparation, right? Fantastic financial outcomes are the culmination of a lot of factors coalescing in a very specific way, but we tend to only focus on one: effort.
So much American lore (and by extension, American…personal finance advice?) is constructed on the foundation of the self-made meritocracy.
One such “statistic” that often gets touted in these conversations: Somewhere in the ballpark of 88% of US millionaires are “self-made.” But where does that figure come from? How was it determined? And where do its implications fall dangerously short?
We chat with Shannon McNamara, host of the Fluently Forward podcast, all about it.
Learn more about our sponsor, Vin Social: https://www.vinsocial.vip
Learn more about our sponsor, TaxAct: https://www.taxact.com/moneywithkatie
Learn more about our sponsor, Fidelity: https://fidelity.com/stocksbytheslice
Transcripts can be found at podcast.moneywithkatie.com.
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Mentioned in the Episode
Th…
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Apr 3, 2023
Rich Girl Roundup: When Is Going "Off-Brand" Worth It?
One reader asks when is going to "off-brand" providers worth it (i.e., switching to Mint Mobile from a legacy provider, as Katie has). Katie and Henah chat through what to look for instead, what's worth keeping "on brand" for, and their own real life examples (Louis Vuitton vs. Coach, All Clad vs. DTC cookware brands, etc.).
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
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Read Money with Katie: https://moneywithkatie.com/
Follow Money with Katie!
Instagram - https://www.instagram.com/moneywithkatie
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TikTok - https://www.tiktok.com/@moneywithkatie
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Mar 29, 2023
A Guaranteed Method for Hitting Your Goals: De-Compartmentalize Your Life
In a hyper-individualistic culture, it can feel like all the important parts of your life are at odds with one another: You may want to socialize regularly, spend time with family, save money, crush it at work, and exercise frequently, but as that one quippy girlboss coffee mug slogan reminds us: There are only 24 hours in the day (and something about Beyoncé).
What’s an ambitious person to do, especially when the overwhelm of big goals makes you want to throw in the towel, melt into a Netflix puddle, and nap? There’s only one sustainable solution: integration.
Learn more about our sponsor, TaxAct: https://www.taxact.com/moneywithkatie
Transcripts can be found at podcast.moneywithkatie.com.
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Mentioned in the Episode
New Year Annual Review: https://docs.google.com/document/d/1K2P_yL1Ah976P7MLicb55wgY2DY-39jP3Lvp810H6HQ/edit
Nat Eliason on De-Atomization: https://blog.nateliason.com/p/de-atomization-is-the-secret-to-happiness
Statistic on Single-Person Households in the US:…
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Mar 27, 2023
Rich Girl Roundup: The Financial Benefits of Being Active-Duty Military
Katie's husband Thomas has been an active-duty US Air Force JAG since 2021, and we've received many questions over the years about military benefits and finances. Here's the TL;DR on the perks of being active-duty military or a dependent based on Katie's personal experience, from accessing VA loans to basic allowances for housing.
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
Learn more about our sponsor, Betterment: https://betterment.com/moneywithkatie
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Mentioned in the Episode
Military Benefits for Active Duty and Veterans: https://www.benefits.gov/categories/Military%3A%20Active%20Duty%20and%20Veterans
VA Loan: https://www.va.gov/housing-assistance/home-loans/eligibility
VA Home Loan Process Checklist (Page 9): https://www.benefits.va.gov/HOMELOANS/documents/docs/VA_B…
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Mar 24, 2023
Rich Girl Roundup: How to Prep For Layoffs
If you think you may be affected by a potential recession or upcoming layoff, we’re running through the best tips on navigating this uncertainty—from figuring out your cash “runway” to understanding your rights as an employee.
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
Learn more about our sponsor, Betterment: https://betterment.com/moneywithkatie
Learn more about our sponsor, HOKA, and shop now for the HOKA Clifton 9: https://www.hoka.com/en/us/
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Mentioned in the Episode
Financial Steps to Take If You Fear You May Lose Your Job: https://moneywithkatie.com/blog/prepare-for-losing-job-how-to
Severance negotiation: https://www.fastcompany.com/90723978/you-have-more-power-than-you-think-when-negotiating-a-severance-package
Financial karma and constructive paranoia…
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Mar 22, 2023
The Hidden Costs of a Disability
It’s estimated that one in every four American 20-year-olds today will experience a disability before they turn 67, but a whopping 65% of workers in the private sector don’t carry long-term disability insurance (per our pals at the Social Security Administration).
This week, I’m joined by two Rich Girls who are sharing their stories about the little-known financial implications of experiencing a disability unexpectedly—and early in life.
Learn more about our sponsor, TaxAct: https://www.taxact.com/moneywithkatie
Transcripts can be found at podcast.moneywithkatie.com.
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Mentioned in the Episode
The Inclusive Traveler Instagram: https://www.instagram.com/theinclusivetraveler/
1 in 4 adults in the US live with a disability: https://www.cdc.gov/ncbddd/disabilityandhealth/infographic-disability-impacts-all.html
Healthcare blog posts on Money with Katie: https://moneywithkatie.com/blog/category/healthcare
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Follow Along at Money with Katie: https://moneywithkatie.com/
Wa…
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Mar 17, 2023
Rich Girl Roundup: Splitting Finances With Your Partner
Tackling finances with your partner can be tricky: What if one of you earns substantially more? What if you have different philosophies about money? What if you're tired of the "roommate" model of splitting costs down the middle? Katie and Henah share their respective approaches on money with their partners, and what to keep in mind when combining accounts.
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every Friday.
Learn more about our sponsor, Betterment: https://betterment.com/moneywithkatie
Learn more about our sponsor, HOKA, and shop now for the HOKA Clifton 9: https://www.hoka.com/en/us/
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Mentioned in the Episode
Money with Katie blog on combining finances: https://moneywithkatie.com/blog/how-we-combined-finances-for-marriage
Money with Katie blog on how to consider combining mo…
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Mar 15, 2023
Is the Old Approach to Retirement Broken? A Millennial Guide to Financial Planning
Retirement is a new concept in human history, but the way we fund retirement is even newer. After all, the 401(k) and IRA were legislated into existence less than fifty years ago. To assume a millennial or Gen Z retirement will look anything like a boomer retirement might be wishful thinking—so this week, we’re exploring what might be a better way to structure our financial (and life!) plans.
Learn more about our sponsor, TaxAct: https://www.taxact.com/moneywithkatie
Transcripts can be found at podcast.moneywithkatie.com.
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Mentioned in the Episode
The Money with Katie 2023 Wealth Planner: https://moneywithkatie.com/new-2023-wealth-planner
The history of retirement: https://www.theatlantic.com/business/archive/2014/10/how-retirement-was-invented/381802/
1978 legislation on the 401(k): https://www.gpo.gov/fdsys/pkg/STATUTE-92/pdf/STATUTE-92-Pg2763.pdf
Nat Eliason article on Type 1 and Type 2 fun: https://blog.nateliason.com/p/de-atomization-is-the-secret-to-happiness
Replacem…
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Mar 10, 2023
Rich Girl Roundup: Balancing a Rewarding Job with Low Pay
"What if my dream job isn't lucrative? Is it worth finding something better or is it more valuable to stick around?" Both Katie and Henah have gone through this experience, and they reflect on how they balanced a job they loved and a lower-paying salary.
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every Friday.
Learn more about our sponsor, Betterment: https://betterment.com/moneywithkatie
Learn more about our sponsor, HOKA, and shop now for the HOKA Clifton 9: https://www.hoka.com/en/us/
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Mentioned in the Episode
Money with Katie blog on "What if Your Dream Job Isn't Lucrative?": https://moneywithkatie.com/blog/what-if-your-dream-job-isnt-lucrative
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Read Money with Katie: https://moneywithkatie.com/
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Instagram - https://www.instagram.com/moneywithkatie
Twitt…
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Mar 8, 2023
Investment Taxes 101: Capital Gains, Dividends, Tax Loss Harvesting, & More
Short-term capital gains? Qualified dividends? Tax loss harvesting? Strap in, people, we’re taking a cruise down the chocolate river of all things investment taxes, and I’ll be your Wonka.
Fear of taxes (or maybe just uncertainty) keeps people out of the game, and I think that’s a little bit like declining a raise because you don’t want to pay taxes on the incremental income—if you owe taxes on your investments, it probably means you made money in the first place.
Learn more about our sponsor, TaxAct: https://www.taxact.com/moneywithkatie
Transcripts can be found at podcast.moneywithkatie.com.
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Mentioned in the Episode
Tax-sheltered accounts: https://www.irs.gov/retirement-plans/irc-403b-tax-sheltered-annuity-plans
Capital gains & dividends: https://www.irs.gov/taxtopics/tc404
Capital gains tax rates: https://www.irs.gov/taxtopics/tc409
2022-2023 capital gains tax rates: https://www.nerdwallet.com/article/taxes/capital-gains-tax-rates
Ordinary vs. qualified dividends:…
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Mar 3, 2023
10 Tips for Finding a Rental
Today's rental market is a bit...complicated to navigate. Will apartment prices go up or down? How can we find options in our budget Henah and Katie chat through 10 tips for renters today, from the best times of year to look to the most valuable apps and alerts to set up.
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie).
New episodes every Friday. Watch their full conversations here: https://www.youtube.com/playlist?list=PLHvvquEbj_eVTRet6cw2ZzhDux3lybWS8
Learn more about our sponsor, Betterment: https://betterment.com/moneywithkatie
Learn more about our sponsor, HOKA, and shop now for the HOKA Clifton 9: https://www.hoka.com/en/us/
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Transcripts can be found at podcast.moneywithkatie.com.
Read Money with Katie: https://moneywithkatie.com/
Follow Money with Katie!
Instagram - https://www.instagram.com/…
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Mar 1, 2023
Why Do Half of Young Adults Live with Their Parents?
The number of young adults living at home crested at 52% in July 2020, the highest number ever recorded (the former high was around 48%, following the Great Depression—yes, the 1930s).
Understandably, this figure rocked the internet—and spawned a deluge of articles in the years since hypothesizing about the why and how. And while things have since “normalized” back to a level of around 47%, that figure is still—historically—high, and deserves a closer look.
Learn more about our sponsor, TaxAct: https://www.taxact.com/moneywithkatie
Learn more about our sponsor, Fidelity: https://fidelity.com/stocksbytheslice
Learn more about our sponsor, Droplette: https://droplette.io/ and use promo code MONEYWITHKATIE for 50% off
Transcripts can be found at podcast.moneywithkatie.com.
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Mentioned in the Episode
USA Today fact check: https://www.usatoday.com/story/news/factcheck/2021/12/23/fact-check-47-american-young-adults-live-their-parents/8672598002/
Pew Research Center data: http…
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Feb 24, 2023
Should I Have A Side Hustle?
We often hear about side hustles as a "necessary" thing, but are they really? Katie and Henah chat through how to pick a side hustle based on your needs, skill set, and ambitions, while sharing their own experiences along the way.
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions.
Watch their full conversations here: https://www.youtube.com/playlist?list=PLHvvquEbj_eVTRet6cw2ZzhDux3lybWS8
New episodes every Friday. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie) and select a few to answer.
Transcripts can be found at podcast.moneywithkatie.com.
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Read Money with Katie: https://moneywithkatie.com/
Follow Money with Katie!
Instagram - https://www.instagram.com/moneywithkatie
Twitter - https://twitter.com/moneywithkatie
TikTok - https://www.tiktok.com/@moneywithkatie
Learn more about your ad choices. Visit megaphone.fm/adchoices
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Feb 22, 2023
Think You Might Owe the IRS in April? 3 (Easy!) Ways to Lower Your Tax Bill
One of the trickiest things about investing in retirement accounts is that by the time you know how much you could’ve contributed for a tax break, it’s too late (e.g., you can only make 401(k) contributions through Dec. 31).
But there are a few accounts in the tax-advantaged investing world that allow contributions right up until the tax deadline, making them incredible options for last-minute savings.
After all, I prefer deductions that come from investing over deductions for spending: Why would I spend $100 to save $32 when I could invest (read: keep) $100 to save $32?
Reminder: I’m not a licensed tax professional. Please consult your CPA and do your own research before making big money moves.
Learn more about our sponsor, TaxAct: https://www.taxact.com/moneywithkatie
Transcripts can be found at podcast.moneywithkatie.com.
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Mentioned in the Episode
The Traditional IRA: https://www.irs.gov/retirement-plans/ira-deduction-limits
3 Ways to Lower Your Tax Bill & Navigate Rol…
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Feb 17, 2023
Is College Worth it?
One reader asks: When is the cost of college worth it, given the high costs of tuition? Katie and Henah reflect on their own journeys, how the costs have ballooned over time, and other higher education options to consider.
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions.
Watch their full conversations here: https://www.youtube.com/playlist?list=PLHvvquEbj_eVTRet6cw2ZzhDux3lybWS8
New episodes every Friday. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie) and select a few to answer.
Transcripts can be found at podcast.moneywithkatie.com.
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Read Money with Katie: https://moneywithkatie.com/
Follow Money with Katie!
Instagram - https://www.instagram.com/moneywithkatie
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Feb 15, 2023
Where's the Millennial Middle Class?
It’s a bit of a trope that the millennial generation has had a rough go of it, economically.
After experiencing the Great Financial Crisis during their formative years, attending higher education during a massive debt-fueled student loan bubble, and entering adulthood while home prices were juiced higher and higher, the majority of millennials are now “behind pace,” financially speaking.
In 2015, Pew Research conducted an interesting survey: It found that 89% of Americans considered themselves middle class. The survey then attempted to break down what middle class wealth actually looks like, landing on a median net worth of around $125,000 in today’s dollars.
I was curious how many millennials had surpassed that threshold, and as it turns out, the answer is…not many.
This episode was inspired by headlines about the impending “Great Wealth Transfer,” often positioned as a solution to millennials’ money woes. But will it be? Let’s dig in.
Learn more about our sponso…
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Feb 10, 2023
Does Work/Life Balance in Your 20s Hurt Your Career?
"Work-life balance in your 20s is an easy way to guarantee a mediocre career."
After seeing a tweet that made this statement and sharing on the Money with Katie Instagram (https://www.instagram.com/p/Cn2FFo2OqUw/), Katie and Henah chat through the topic, ask what "work/life balance" and "mediocrity" truly mean, and run through some of the Instagram responses they've seen.
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Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions.
Watch their full conversations here: https://www.youtube.com/playlist?list=PLHvvquEbj_eVTRet6cw2ZzhDux3lybWS8
New episodes every Friday. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie) and select a few to answer.
Transcripts can be found at podcast.moneywithkatie.com.
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Read Money with Katie: https://moneywithkatie.com/
Follow Money with Katie!
Instagram - https://www.instagram.com/moneywithkatie
Twitter - https://twitter.com/moneyw…
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Feb 8, 2023
Financial Karma and the Fall of the FinTwit Bro Empire: Must-see Lessons about Constructive Paranoia
From a controversial billionaire’s new title to lawsuits and arrests galore, 2021’s “Golden Age of Grift” (as dubbed by Jack Raines) officially transitioned to the Era of Financial Karma in 2022.
In this week’s episode, we rattle off some of the most illustrative downfalls—those most emblematic of our new bearish economic environment.
Do we indulge this walk down memory lane because we’re schadenfreude junkies? No, not quite—there’s a lot to learn from this most recent 24-month hype cycle, including some “regular people” lessons about financial fragility.
Learn more about our sponsor, TaxAct: https://www.taxact.com/moneywithkatie
Transcripts can be found at podcast.moneywithkatie.com.
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Mentioned in the Episode
The Golden Age of Grift: https://youngmoneyweekly.substack.com/p/the-golden-age-of-grift
Tesla is Ringing in the New Year with a 10% Weekly Loss: https://www.marketwatch.com/story/tesla-is-ringing-in-the-new-year-with-a-10-weekly-loss-11673028845
A…
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Feb 3, 2023
How to Maximize Your Credit Card Points
Understanding the "points system" for credit card rewards can be confusing. But it doesn't have to be! Here's how Katie and Henah maximize their own points, which cards they personally use, and how they redeem them for travel. For more information, check out our guide on How to Travel for Free with Credit Card Points: https://moneywithkatie.com/travel-credit-cards
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions.
Watch their full conversations here: https://www.youtube.com/playlist?list=PLHvvquEbj_eVTRet6cw2ZzhDux3lybWS8
New episodes every Friday. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie) and select a few to answer.
Transcripts can be found at podcast.moneywithkatie.com.
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Read Money with Katie: https://moneywithkatie.com/
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Instagram - https://www.instagram.com/moneywithkatie
Twitter - https://twitter.com/moneywithkatie
T…
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Feb 1, 2023
Your Guide to Stock Options: ESPPs, RSUs, and ISOs (That Won't Make You Take a Nap)
Whether you’ve got access to an ESPP (Employee Stock Purchase Program) at work and aren’t sure if it’s worth your time, or your new offer includes compensation via RSUs and ISOs, this week is dedicated to you. Strap in for a ride through Jargonarnia.
This week, I welcomed James Conole and Scott Frank—hosts of Real Personal Finance and holders of the prestigious CFP and CFA designations—to the show to help me break down this complicated world.
They had some excellent tips that you won’t want to miss. For example, pretend your RSUs are cash—would you use a cash bonus to buy company stock? If not, sell ’em.
Let's get into it.
Learn more about our sponsor, TaxAct: https://www.taxact.com/moneywithkatie
Transcripts can be found at podcast.moneywithkatie.com.
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Mentioned in the Episode
Human Capital Study on Employee Stock Purchase Plans: https://humancapital.aon.com/insights/articles/2020/how-common-are-employee-stock-purchase-plans-it-varies-widely-by-demographics
The…
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Jan 27, 2023
When Should I Start to "Give Back?"
When should I prioritize giving back alongside my long-term financial goals? Should I do lump sum or space it out over the long haul?
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions.
Watch their full conversations here: https://www.youtube.com/playlist?list=PLHvvquEbj_eVTRet6cw2ZzhDux3lybWS8.
New episodes every Friday. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie) and select a few to answer.
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Read Money with Katie: https://moneywithkatie.com/
Follow Money with Katie!
Instagram - https://www.instagram.com/moneywithkatie
Twitter - https://twitter.com/moneywithkatie
TikTok - https://www.tiktok.com/@moneywithkatie
Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jan 25, 2023
Upgrading Your Lifestyle: Realistic, Targeted Financial Goal-Setting
This 20-minute rundown is about an (accidental) three-year study I ran on myself.
Back in 2020, I was subjected to hours of content encouraging me to use the “great pause” of a global panini to reassess my entire life. Challenge accepted.
At the time, I wrote one of my very first blog posts for a fledgling Money with Katie site, describing all the ways I’d like to level up my lifestyle—the little ways money could buy happiness.
I revisited this exercise from my 2023 vantage point and had two major realizations: For starters, most of it came true. Some of it felt the way I thought it would…but a lot of it didn’t.
So how can we set financial goals in a way that’ll actually produce the desired feelings we’re striving for? Tune in to find out.
Learn more about our sponsor, TaxAct: https://www.taxact.com/moneywithkatie
Transcripts can be found at podcast.moneywithkatie.com.
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Mentioned in the Episode
Getting Clear on Your Lifestyle Upgrade: https://moneywithkatie.com/…
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Jan 20, 2023
How Can We Talk To Boomers About Money?
One listener asks, "How do we navigate money conversations with Boomers who still are stuck on age old concepts of how to make money (buy a house, kids are your biggest asset, real estate is the best investment, etc.)?"
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Approaching money conversations inter-generationally can be a challenge, as times have rapidly changed and older wealth building concepts may not be as relevant anymore. How can we talk about it with the older folks in our lives and share what's different (i.e., higher costs of living but easier access to financial technology)?
Watch their full conversation here: https://www.youtube.com/@MoneywithKatie
New episodes every Friday.
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Jan 18, 2023
The Monetization of Self: Personal Brands and the Business of Influencing
21-year-old high school dropout Emma Chamberlain earned $12 million in 2021. How’d she do it? Glad you asked. She’s a successful YouTuber who parlayed her internet prominence into major brand deals (and a coffee company).
When I stumbled across a Bloomberg piece that cited “86% of young Americans” embrace the idea of becoming an influencer, I knew I had to do a deep dive on this wild west of a career field (and the careers these young people are leaving behind to pursue it, like teaching and nursing). Even non-influencers tend to manage their “self” as it’s presented online, as there’s a perceived connection between the presentation of your “online self” and your ability to earn money.
Learn more about our sponsor, TaxAct: https://www.taxact.com/moneywithkatie
Transcripts can be found at podcast.moneywithkatie.com.
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Mentioned in the Episode
Influencer Nation: 86% of Young Americans Want to Become One: https://www.bloomberg.com/news/articles/2019-11-05/becoming…
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Jan 13, 2023
How Much Should We *Really* Be Tipping?
One listener points out that we're prompted to tip everywhere nowadays, including in clothing stores. Should we be tipping every time? If so, what feels reasonable?
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. In this week's conversation, Katie and Henah cover the history of tipping, what feels appropriate, and the judgements behind tip prompts. Watch their full conversation here: https://www.youtube.com/@MoneywithKatie
New episodes every Friday.
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Read Money with Katie: https://moneywithkatie.com/
Follow Money with Katie!
Instagram - https://www.instagram.com/moneywithkatie
Twitter - https://twitter.com/moneywithkatie
TikTok - https://www.tiktok.com/@moneywithkatie
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Jan 11, 2023
Breaking Down BlackRock’s 2023 Investor Guide: 3 Tips for Investing This Year
Did somebody say paradigm shift?
For the first time in more than a decade, the investing world is undergoing a fundamental shift. In the midst of a new interest rate regime, my guest Kristy Akullian (BlackRock investment strategist extraordinaire) joins me to unpack the implications of what the Fed’s moves—and broader economic conditions—might mean for markets.
Hint: There’s probably an asset class or two partially or totally absent from your portfolio right now, thanks to the overwhelming S&P 500 dominance of the last 10 years.
Learn more about our sponsor, TaxAct: https://www.taxact.com/moneywithkatie
Transcripts can be found at podcast.moneywithkatie.com.
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Mentioned in the Episode
BlackRock 2023 iShares Investor Guide: https://www.ishares.com/us/insights/ishares-2023-year-ahead-investor-guide#theme-1
The "Pain" of a Forced Recession is Mostly Intended for the 90%: https://moneywithkatie.com/blog/the-pain-of-a-forced-recession-is-intended-for-the-90-percent
How to B…
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Jan 6, 2023
Should I Stop Loaning Money to Friends?
Welcome to a new kind of #RichGirlRoundup! We're trying a new format, where my Executive Producer Henah and I will pick a burning money question and discuss our answers. These new mini-episodes will drop every Friday, and every so often, we'll put out a call for questions on Instagram (@moneywithkatie) and select a few to answer.
For our first conversational RGR, we have a spicy (and very complex question): My friends and family keep asking me for money. What should I do?
Katie and Henah chat through their framework for loaning out money, how to politely decline, and the cultural and familial obligations associated with money. You can also watch the full conversation over the Money with Katie YouTube: https://youtube.com/moneywithkatie
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Jan 4, 2023
Money, Friendships, and Quality of Life: Spending on “High ROI” Activities & Experiences
This episode was inspired by a conversation I had with two other financial talking heads about how backwards it is to strip your life of all joy in the pursuit of saving every penny: “I’m not sure what they’re optimizing their lives for,” one said, “But it obviously isn’t ‘happiness.’”
Friends, I plunked down in the chair after that and wrote for three hours straight (then decided I hated the first draft and basically rewrote the entire thing)—and the result was this episode.
Take a trip with me to the fictional town of Ramseyville (I’m the HOA president, in this analogy) and let’s explore the ways in which the road to hell is paved with good intentions.
Learn more about our sponsor, TaxAct: https://www.taxact.com/moneywithkatie.
Transcripts can be found at podcast.moneywithkatie.com.
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Mentioned in the Episode
15 Things Poor People Do That The Rich Don't: https://www.youtube.com/watch?v=nllZrOoxpzc
Why I Don't Eat Out At Restaurants, Even As A Millionaire:…
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Dec 28, 2022
The Best Mic Drops of 2022: 5 Financial Truths for 2023
When we were plotting our content for the last week of the year, our executive producer Henah had the brilliant idea of revisiting some of our most powerful mic drop moments from our 52 (!) episodes of The Money with Katie Show this year. We identified 5 of the best truths to carry forward into the new year.
And since our entire team produced the original episodes, we figured it’d be fun to include everyone’s perspectives on these favorite clips. Whether you’ve diligently downloaded every episode or just started listening last week, this roundup is sure to get your mind right headed into 2023.
Thanks to Henah, Christie, Sebastian, and Kate for joining me for this episode.
Learn more about our sponsor, Vin Social: http://vinsocialvip.com/.
Transcripts can be found at podcast.moneywithkatie.com.
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Mentioned in the Episode
The Stock Market Now & in 2023 with Liz Young: https://podcast.moneywithkatie.com/whats-coming-in-2023-the-federal-reserve-bond-markets-and-investing-in-volati…
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Dec 21, 2022
How to Become a Millionaire in 10 Years: High Cost-of-Living Edition
How much money do you have to earn in a HCOL area to become a millionaire in 10 years or fewer?
A few months ago, we released an episode about how much someone would need to earn (and spend) to go from $0 to a seven-figure net worth in a decade, and a few of our listeners from NYC and the Bay Area said, “Good try, but can you triple the spending and redo this?”
I’m nothing if not accommodating, and the question brought up a whole new topic for me: Is living in high cost-of-living areas worth it? Moreover, how much do you really need to earn in, say, Manhattan to avoid slowing your financial progress? If you don’t earn that much, how far “behind” are you likely to be? We’re diving in.
Learn more about our sponsor, Vin Social: http://vinsocialvip.com/.
Transcripts can be found at https://www.podpage.com/money-with-katie-show/.
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Mentioned in the Episode
How to Become a Millionaire in 10 Years or Under: https://podcasts.apple.com/us/podcast/the-money-with-katie-show/id158…
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Dec 14, 2022
Your First 90 Days in a New Role: Setting Yourself Up for Success
I’ve onboarded to four different companies in the last five years (long story), and there’s one common throughline that knits together the experiences: The first month of HR paperwork and getting the lay of the land is stressful as hell.
In this week’s episode, we’re diving into the major pieces to get right (setting up employer-sponsored retirement account contributions, the “use it or lose it” benefits at your old job, and other consequential-but-tedious administrative stuff). My guest, career coach Eliana Goldstein, is joining me to discuss how to absolutely crush the first 90 days of your new job—everything from internal networking to key conversations to fast-tracking promotions.
Learn more about our sponsor, Vin Social: http://vinsocialvip.com/.
Transcripts can be found at https://www.podpage.com/money-with-katie-show/.
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Mentioned in the Episode
How to Find a Well-Paying Career You Love: Interview with Millennial Success Coach Eliana Goldstein: https://podcast…
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Dec 7, 2022
Self-Care Culture is Making Us Broke, with Chelsea Fagan
It was only a matter of time before The Money with Katie Show tackled the Goopification of wellness (even “wellness” seems like a term that’s been co-opted in the last decade). In the US, this industry is worth $212 billion—and growing 11% annually. People be spendin’ some money.
What if commercialized self-care is really just a millennial pink Band-aid for the problems endemic to our hyperspeed lives? Are we trapped in a cycle of deadlines and bath bombs and existential dread? (Just me?)
This week’s episode explores the commodified self-care industrial complex and how it’s awfully reminiscent of other industries marketed specifically toward women, but with the purported benefit of being ~good for you~.
Learn more about our sponsor, Vin Social: http://vinsocialvip.com/.
Transcripts can be found at https://www.podpage.com/money-with-katie-show/.
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Mentioned in the Episode
High-maintenance spending habits: https://moneywithkatie.com/blog/high-maintenance-is-expensive-h…
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Nov 30, 2022
How To Prioritize Where You’re Investing (And Why!)
Finally defeated your high-interest debt and got your cash flow under control? This week’s episode is for you, baby!
If the 401(k) vs. IRA vs. HSA vs. everything else conundrum has you frozen with indecision, look no further than this week’s podcast episode for a framework that’ll help clarify these types of decisions so you can move forward with confidence in the new year.
Even if you feel like you’ve got a relatively good grip on your investment strategy, this refresher may help you consider things in a new (and more lucrative!) way.
Learn more about our sponsor, Vin Social: http://vinsocialvip.com/.
Transcripts can be found at https://www.podpage.com/money-with-katie-show/.
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Mentioned in the Episode
The Traditional 401(k) vs. Roth 401(k) Debate: https://moneywithkatie.com/blog/the-final-traditional-vs-roth-debate-traditional-wins
Roth IRA Conversion Ladder Discussed in Episode 36: https://www.podpage.com/money-with-katie-show/deep-dive-set-yourself-up-to-pay-no-pena…
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Nov 23, 2022
My Income Journey: From <$20,000 to Nearly $400,000 in 5 Years
I have been—by all accounts—incredibly fortunate in my career thus far, but there are a few distinct takeaways I notice when I reflect on the last five years.
Since I went to a public state university and studied communications (not exactly a field with investment banking-level compensation), I figured I’d be a median earner forever.
Discovering the art of the side hustle (and freelancing, contract work, and online businesses) sent me down a meandering path of trial and error that I’m recounting on the show today.
When I started working, I earned $12/hour, which transitioned later to a full-time salary of $52,000. By 2021, as a 26-year-old with no advanced degree, my total cobbled-together income encroached on $400,000.
Looking back on it, I realize: The rules are fake. You don’t need to study finance or medicine at Harvard to make good money (though to be fair, I’m sure those things make it a lot easier). Regardless, it’s my hope that something in this episode will sp…
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Nov 16, 2022
Are Rich People Better Than You? Why Everything We Think We Know About Good Economics Might Be Backward, With Nick Hanauer
It turns out Americans have been asking the wrong question: It's not, “What’s the difference between the ‘haves’ and the ‘have nots,’” but rather…“How did those in the 0.1% end up having it all?”
To paraphrase my guest, entrepreneur and venture capitalist Nick Hanauer (https://nickhanauer.com/), “How do [rich people like me] manage to grab an ever-increasing piece of the pie? Is it because rich people are smarter than we were 30 years ago? Is it that we’re working harder than we once did? Are we taller? Better-looking? Sadly, no. It all comes down to one thing: economics.”
My thesis? Capitalism is the economic system that creates wealth, and good economic policy is what ensures that all that wealth doesn’t accrue to a very small group of people.
Learn more about our sponsor, Vin Social: http://vinsocialvip.com/.
Transcripts can be found at https://www.podpage.com/money-with-katie-show/.
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Mentioned in the Episode
Nick Hanaeur's TED Talk "The Dirty Secre…
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Nov 9, 2022
Expensive Open Enrollment Mistakes to Avoid: Making the Best of a Bad System
HMO or PPO? Go for the high-deductible health plan, or accept the higher premiums? Opt for the copay or coinsurance model? Can you trust the little brochures that subtly guide you to a “lower-cost” option, or are those marketing materials? How does healthcare use big data to offload more of your medical costs onto you?
It’s fascinating that personal finance content doesn’t focus more on navigating the US healthcare marketplace—after all, just one mistake that leaves you underinsured can wipe out months (if not years) of accumulated savings from buying store-brand options and trimming back on subscriptions. When your out-of-pocket maximum is more than $10,000, the stakes are high.
My guest this week, Sarah Khan of My Voice My Health, is a healthcare executive by day and a patient advocate by night. She answers all my questions with a level of insight I hadn’t considered before, and they’re sure to help you make the best choices this open enrollment season.
And in this we…
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Nov 2, 2022
Ethical Consumption & Building Equitable Businesses, with Entrepreneur Sana Javeri Kadri of Diaspora Co.
Until the global Pamela Anderson, I had never given much thought to ~the supply chain~ and where the things I buy come from—I kinda just took it for granted that I’d have 12 different almond butter options every time I wandered down Aisle 4 at my local King Soopers.
And when you’re knee-deep in the “Financial Independence/Retire Early” world, there’s a heavy emphasis placed on attaining the things you need as cheaply as possible.
Unfortunately, being able to purchase something for a single dollar in the US usually comes at a cost to another human being somewhere up the chain, and as consumers, we’re more or less shielded from exposure to exploitative labor practices, especially globally.
This week, I wanted to explore consumption habits through the “personal finance” lens. We invited Sana Javeri Kadri, an entrepreneur in her twenties who’s revolutionizing the Indian spice trade from the inside out, to join us for the conversation.
Sana (who recently closed a $2 mi…
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Oct 26, 2022
How to Construct a Diversified Stock Portfolio of Major Index Funds
I’m not an investment professional or licensed financial advisor, but I do have access to free products and portfolios built by licensed investment professionals—and so do you! The perks of living in 2022, right?
This week, we’re breaking down a few big investing topics:
the relationship between risk and returns
diversification beyond the S&P 500 (and why it’s something you may want to consider, considering it involves securities that aren’t down 25% YTD)
the (free) tools you can use to level up your portfolio
I also sat down for a conversation with Trey Lockerbie of The Investor’s Podcast Network (https://www.theinvestorspodcast.com/) to talk about all things “value investing,” Warren Buffett, and why Trey can’t help himself from investing in individual stocks.
To learn more about our sponsor, Vin Social, check out http://vinsocialvip.com/.
Episode transcripts can be found at https://www.podpage.com/money-with-katie-show/.
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Mentioned in the Episode
Rational R…
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Oct 19, 2022
What’s Coming in 2023: The Federal Reserve, Bond Markets, and Investing in Volatility
A little confused about how we’ve gotten to…well, ~gestures to everything~? The S&P 500 down roughly 25% YTD, record-high inflation, and rate hike after rate hike?
SoFi’s (https://www.sofi.co) Head of Investment Strategy, Liz Young, joins me to break it all down—and makes a few historically informed predictions about what’s likely on the horizon in 2023.
She also addresses why she thinks now’s the time on which we’re all going to look back and wish we bought more, what to buy during downturns, and the relationship between the stock market and the bond market.
Katie also answers a question about Roth IRA platforms. Placement is a general marketing offering and is not a recommendation to take any particular action, including rolling over an existing account. Consider your personal situation and preferences, including fees and expenses for each option, before deciding to roll over. Please refer to Betterment's Form CRS (http://www.betterment.com/legal/form-crs) and other d…
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Oct 12, 2022
Bootstrapping #Fail: Why the American “Solution” to Systemic Problems Keeps Falling Short
This week’s episode holds two complex truths simultaneously: That sometimes, the answer is working harder, and other times, the answer is policy, interdependence, and community. Sure, individual responsibility is important—but when we try to solve complex, collective problems with individual exceptionalism, we create a recipe wherein quality of life for all but a select few worsens over time.
Our individual wealth accumulation and experience of personal finance do not exist in a vacuum—they exist within the context of the economic policy decisions and cultural norms of our time.
You can work on your metaphoric swimming and freestyle upstream for as long as you’ve got the energy to do so, but the strength of the current is outside of your control. Usually, we talk about your swimming. Today, we’re talking about the current.
Plus, this episode features an interview with Rebecca Walker, activist and author of Women Talk Money (https://www.simonandschuster.com/books/Women-Tal…
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Oct 5, 2022
How to Become a Millionaire in 10 Years or Under (Oh, and Market Timing)
Before I understood the almost-unbelievable magic of exponential compounding, I thought becoming a millionaire was an almost-impossible goal only achievable by the highest earners or people who were already rich. Granted, inflation has certainly shifted the meaning of a million dollars over the last 20 years—but it’s still no small potatoes.
Fortunately, we can calculate this path to the magic million with relative ease—so that’s exactly what we’re doing on the show today. If you’re trying to reach a $1 million net worth with a partner in 10 years or fewer, good news—neither partner even needs to make six figures.
Of course, the temptation is strong to try to time the market in the context of our current volatile shitstorm. We’ll address why that’s a fool’s errand, historically speaking, and discuss some ~alternative options~. (And reminder: Past performance is not indicative of future returns.)
Finally, we're joined by my friend Delyanne Barros, otherwise known…
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Sep 28, 2022
The Rent Vs. Buy Decision In 2022's Interest Rate Environment (And Lofty Market)
When I did a rent (and invest) vs. buy analysis back in January 2021 with a 2.6% interest rate, the results were pretty neck-and-neck. As rates climbed this year, I figured it would be fun (I’m using the word “fun” loosely) to revisit the exact same scenario with the higher rate.
Depressingly, when we recorded this episode just last week, the rate was 5.95%. In the course of a single week, it’s now surpassed 7% as of publish (9/27/2022). How have the rates changed the math now and how does one realistically budget for a median home in the US today with 6+% 30-year fixed rates? Let’s find out.
I'm also joined by Andy Taylor, VP & GM of Credit Karma Home (https://www.creditkarma.com/) to discuss breakeven costs, refinancing, and borrowing against home equity.
Episode transcriptions can be found at https://www.podpage.com/money-with-katie-show/.
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Mentioned in the Episode
Summer 2022 interest rates: https://www.forbes.com/advisor/mortgages/mortgage-rates-08-31-22/
Early 202…
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Sep 21, 2022
How Your Money Anxiety Might Actually Help Build Wealth
According to an APA 2022 Stress in America Survey, 87% of respondents listed inflation as a source of significant stress—and the researchers say no other issue has caused this much stress since the survey's launch.
Money anxiety or "financial fear" is common, and to an extent, it can be healthy. If fear about inflation and running out of money prevents you from blowing every dollar on fast casual dining, and instead urges you to save and invest for the future, that fear directly benefits Future You.
But if fear prevents you from investing in the stock market because it feels too risky, well…now we’re letting misplaced, data-refuted concerns interfere with our ability to build wealth over time.
Understanding your own deeply held beliefs and fears about money can help unlock your next-best step, and it’s not one-size-fits-all. We're joined by Mariel Beasley, Principal at the Center for Advanced Hindsight at Duke University and Co-Founder of the Common Cents Lab (https://advanced-…
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Sep 14, 2022
Pt. 2: Money, Millennials, & the Bizarre American Fever Dream: the Role of "Personal Finance Education" & Our Collective "Expectation Hangover"
Last week to kick off this two-part special, we explored the culture, economy, and education systems that built the millennial generation. If you haven't heard the first episode yet, I recommend going back to start with that first (https://link.chtbl.com/022a2-MX).
Today, we’re digging into how “financial literacy” shifts reality on its axis, who the “winners” and “losers” are in our economic era, and why scamming has become a quintessential millennial pastime (Fyre Festival, anyone?). To top things off, we’ve got a super thought-provoking conversation with Gabe Dunn of Bad with Money fame (https://podcasts.apple.com/us/podcast/bad-with-money-with-gaby-dunn/id1144712710).
It’s a veritable Magic School Bus ride through the wild terrain of 21st century America: Even the centimillionaire megachurch preachers and girlbosses squeezed into tiny seats and threw spitballs for a few stops.
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Mentioned in the Episode
Gabe Dunn's Stimulus Wreck: https://www.scribd.com/audio…
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Sep 8, 2022
Guest Episode: Fresh Invest's Finding Financial Confidence
Market uncertainty is on everyone’s mind. Given rising interest rates, inflation, the crypto crash, and other economic trends (hello, recession?), host Alex Lieberman talks about what this current climate means in the long term for beginner and seasoned investors alike, with Fidelity's Jurrien Timmer.
About Fresh Invest: From market shifts to emerging asset classes, Fresh Invest breaks down the current financial climate, what it means to you as an investor, and actionable steps you can take to manage your money and set yourself up for a solid financial future. Join Morning Brew co-founder and executive chairman Alex Lieberman on his weekly deep dive with Fidelity guests.
Custom music by Davis Jones.
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Sep 7, 2022
Pt. 1: Money, Millennials & the Bizarre American Fever Dream: The Culture & Economy that Made Millennials
Months ago, I received this reader question: “It feels like I’ve done everything right, and yet I can barely make ends meet. Has life always been this…hard?”
This stuck with me for a long time. They weren't the first to ask this, or the second or third. And ultimately, this question became the focus of this special two-part series.
Because when I first started writing about personal finance in 2018, I believed the rules of the game were fixed, simple, and universally applicable. I had the tonic that was going to make my generation rich, because I figured the things that worked for me would work for everyone.
The perilous two years that followed—aka the pandemic—opened my eyes to just how complex life is in the 21st century, particularly for those coming of age in it—and this mini-series is my attempt at making sense of the world around us politically, economically, and culturally. (And yes, the financial implications at the collective and individual levels.) I'm also j…
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Sep 1, 2022
BONUS EPISODE: Student Loan Forgiveness, Repayment, Taxes, and Inflation with a Certified Student Loan Professional®
Given the huge decision that came out of the White House last week about student loan forgiveness, we decided to create this special bonus episode all about the announcement and what it means for not just borrowers, but all of the US.
We'll explore the current numbers of federal student loan borrowers, dive into the issues of taxes and inflations (while dispelling some myths!), and hear about the program and changes to expect from FINRA Certified Student Loan Professional® Meagan Landress of Student Loan Planner (https://www.studentloanplanner.com/).
CORRECTION: We published this episode a few days after the news first broke, and things are quickly evolving in the White House! Here's a quick update on who's eligible for relief: "Current students and borrowers who have federally held undergraduate, graduate and Parent PLUS loans that were distributed on or before June 30, 2022 are eligible for the relief, says Megan Walter, a policy analyst for the National Association of Student Finan…
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Aug 31, 2022
Deep Dive: Set Yourself Up to Pay No Penalties or Taxes in Early Retirement
If you’re normally a “casual commute” listener of The Money with Katie Show, prepare to park your car and whip out your notebook—today’s episode is a complex deep dive into exactly how you can set yourself up to pay no taxes or penalties in retirement on any of your pre-tax, taxable, and Roth funds, even if you retire in your thirties.
We’ll dig into how much a couple would need to save and invest to retire early and then break down how they can strategically access those funds for the most optimal tax-free outcomes. Remember to caffeinate before this one—your brain cells are about to be workin’ and twerkin’.
If you’re a visual learner, the YouTube video for this episode or the episode transcription may be your best friends.
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Mentioned in the Episode
IRS Tax Code: https://www.irs.gov/privacy-disclosure/tax-code-regulations-and-official-guidance
Standard deduction for 2022: https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2022
0%…
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Aug 24, 2022
From “Careers” to “Callings”: When Work Becomes Your Identity
If you consciously or subconsciously derive your identity from your work, what happens when that work goes away? Moreover, how do we reconcile the advice we hear from everyone from Steve Jobs to Steve Aoki to “follow our passion” (and, in case it wasn’t clear, monetize it) with the advice to also maintain some semblance of “work/life balance” or separation between the metaphoric church and state?
Is it a bad thing to love your work, or is it something to strive for?
My guest this week is the impressive Nora Ali—host of Morning Brew’s Business Casual, Harvard grad with a degree in statistics and quantitative finance, former Goldman Sachs analyst, concert violinist, and current media venture founder (i.e., someone who knows a thing or two about being conventionally successful and identifying with your credentials).
This week’s episode will give you a lot to chew on if you find yourself sneaking off to hammer out a few more emails after dinner.
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Mentioned in the Epi…
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Aug 17, 2022
Confessional: Materialism, Worthiness, and Financial “Discipline”
The central thesis for this episode is that when you think you have a spending problem, what you probably have is a purpose problem.
This week, we’re getting philosophical—and I’m diving into a series of realizations I had when transitioning from Spendy McSpenderson to Sally Saver, about the role money played in my life pre- and post-”baptism by FI/RE.” (See what I did there?) I also chat with mindset and manifestation expert Haley Hoffman Smith (https://www.haleyhoffmansmith.com/) on the void money creates and what we should be aiming for instead.
It’s one of the more vulnerable episodes I’ve published, but my hope is that it’ll inspire you to reflect in a way you haven’t before about your relationship with materialism and its role in your sense of self.
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CORRECTION/CLARIFICATION:
Thanks to an email from astute listener Emily T., it has come to my attention that my answer for today’s Rich Girl Roundup could be a bit misleading to the point of being wrong depen…
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Aug 10, 2022
How to Set Up Money Management Systems for Short-Term & Long-Term Goals
This episode is a logistical examination of how to put systems in place that help you balance your short-term and long-term spending goals—after all, “saving” is really just another name for “deferred spending,” and the ideal scenario we’d find ourselves in is one in which the money we need is available to us whenever we need it.
It’s my hope that after listening, you’ll have a solid understanding of how to structure all of your savings and investing and—most importantly—you’ll eliminate the fear that you’re “missing something.”
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Mentioned in the Episode
- Atomic Habits by James Clear: https://jamesclear.com/atomic-habits
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Follow Along
- Listen to Money with Katie here: https://www.podpage.com/money-with-katie-show/
- Read Money with Katie: https://moneywithkatie.com/
Follow Money with Katie!
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Aug 3, 2022
To Lease, Buy, or Have No Car at All? How 2022’s Used Car Market Shifts Things
I sold my car in March 2021 and have (mostly) never looked back as part of a one-car couple, but my husband and I have been dabbling with the idea of getting a new car this year. Unfortunately, 2022 is…not a great time to buy a vehicle, as anyone who’s perused the used car market knows.
It inspired this episode in which we break down the lease vs. buy decision in today’s car market with guest Jorge Diaz, author of Car Leasing Done Right (https://www.leasecosts.ca/en/book).
As part of the episode, I wanted to do an IRL lease vs. buy comparison with a luxury car—so I reached out to a Porsche dealership to pull numbers on a 2023 Macan. What I wasn’t expecting as part of my number-crunching journey: being immediately plunged into an inferior sense of class consciousness as a result of the interaction. That’s…a fun bonus in the episode. 😂
Mentioned in the Episode
- Car market prices up 24% in 2021 (via The Washington Post): https://www.washingtonpost.com/us-policy/2021…
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Jul 27, 2022
Wedding Confessions: Budget, Who Paid, and Biggest Learnings
Ah, the long-awaited deep dive is finally here! As someone who got married in a courthouse and in a big, traditional ceremony (to the same person, don’t worry), I feel I’m now qualified to do a thorough compare-and-contrast analysis of the two—and share the granular details of how much our ceremony cost.
I’m diving into the budget ($25,000), the actual spend (...a lot more than $25,000), who paid, the things that shocked me, and the stuff I thought was worthwhile. I also do a deep-dive into the Wedding Industrial Complex with our guest, Anna Braff, founder of the award-winning vendor service Provenance Rentals.
Originally, I wasn’t planning on doing any sort of deep dive about my nuptials—but ultimately decided it was incredibly off-brand not to talk about one of the largest expenses a young couple faces.
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Jul 20, 2022
Why I’m Not Buying I Bonds, the “Flight to Safety,” and Optimism
Something I had never even heard of a year ago has been front and center in the financial news for the last few months: I Bonds.
But I suppose it makes sense: Nothing tempts those seeking performance and those seeking safety alike quite like a guaranteed nominal 9.62% rate of return, right?
But I fear they’re a distraction for young investors (and don’t worry, we address who they might make sense for in the episode). Plus, I invited Alan Ebright of Hodges Private Client—a wealth management firm in Dallas with $1B+ assets under management—on the show this week to talk about investor psychology and the self-defeating flight to safety.
*Any information shared is not tax or legal advice, and is purely for informational purposes.
#MoneyWithKatie #IBonds #Investing #Bonds #PersonalFinance
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This Episode’s Sponsors
To learn more about our sponsor, Ubiquity, check out https://ubiquity.com/
To learn more about our sponsor, Caribou, check out https://www.caribou.com/moneywithkatie/…
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Jul 13, 2022
The Benefits and Pitfalls of Salary Transparency with Jason Tartick
Nothing excites millennials and surprises baby boomers quite like our penchant for sharing how much money we make with one another.
But salary transparency—one of the latest tactics for rectifying biases in hiring and compensation—is a means to an end, not the end itself.
In this week’s episode, we explore the benefits and pitfalls of openly sharing compensation information within an organization—and how we can share in a way that actually helps one another. Plus, an interview with Jason Tartick of Bachelor Nation fame, and the host of Trading Secrets, a podcast about our “taboo curiosities” around money and career.
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Mentioned in the episode
World Economic Forum's data on closing the gender pay gap
National Labor Relations Act: Your right to discuss pay in the US
Silicon Valley study about top employee performance
Tim Low's interview about PayScale and salary transparency
2018 Denmark study on closing the gender pay gap
Buffer case study on salary transparency
Tr…
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Jul 6, 2022
$40,000 to $200,000+ in 5 Years: Don’t Quit Your Day Job with Cinneah El-Amin
This episode was inspired by a Medium article about a woman’s nine side hustles that replaced her full-time income. After reading it, I couldn’t help but think: “I know our generation loves the glamorized solopreneur thing, but at what point is it easier to just…have a full-time job?”
I wanted to explore the obsession with the side hustle, the (unfair) demonization of the 9-5, and—importantly—how to expend energy in a more efficient way for a higher ROI within your traditional career path for those of us who don’t want to become ~online entrepreneurs~.
Cinneah of Flynanced joins us for this episode to regale us with her career journey ($40,000 to $200,000+ in just five years!) and has a ton of actionable advice to share for scaling your full-time income and breaking into highly paid technical fields without going back to school.
Here's the referenced blog post about diversifying your effort and my side hustles that amounted to nothing.
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Jun 29, 2022
Is Now a Good Time to Pick Stocks? The Pros & Cons of Active Investing with Jack Raines
Given current market conditions, it seemed like a good time to revisit the age-old temptation for investors: Should I…try to stop the bleeding and make more active investment choices? Surely I could do better than -22%!
In most personal finance circles, this question is heresy—but lucky for you, I like to rock the boat. We’re digging into the case against active, some oddly compelling arguments for it, and everything in between in this week’s episode. Don’t call the FI/RE department on me! (See what I did there?)
I'm joined by Jack Raines of the blog Young Money (https://www.youngmoney.co/) today to discuss 'the true cost of alpha.' (Alpha = an investment's ability to beat the market.)
This is also our first episode with a listener Q&A. Today’s is about commission income: How it’s taxed, how to budget for it, and how to invest it. Got a question you want answered? Make sure you’re following Money with Katie on Instagram, where you’ll see our call for questions!
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Me…
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Jun 22, 2022
The Bear Market, Future Returns, and the History of Low-Cost Investing with Eric Balchunas
Every time the market experiences a drawdown, it feels like the echoing chorus of, “This time, it’s different,” gets more deafening. As the history buffs assure us, that’s very unlikely—but that doesn’t change the fact I want to hedge if it’s true.
For many of us #n00b investors who started in the last decade, we’re experiencing a serious pullback for the first time (I no longer count the 30% COVID drawdown since it was so short-lived). I think it’s a (healthy) reminder that investing in the stock market is not a risk-free proposition, and returns are not guaranteed.
So how do we adjust our expectations and behavior accordingly? I’ll tell you how I’m pivoting in this week’s episode.
I invited Bloomberg ETF analyst Eric Balchunas on the show to talk about the history of low-cost investing, Jack Bogle’s legacy, and Vanguard’s role in changing the industry forever—plus, his spicy take on cryptocurrency. 👀
Resources
Eric's book, The Bogle Effect
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Jun 15, 2022
Money Mindset: How the Victim vs. Victor Dynamic Shapes our Financial Outcomes
One of the single-most impactful determinants of our outcomes in life is our self-concept: Our identity. Whether we see ourselves as the victims of circumstance or victors over our challenges. It plays out in everything from miscommunications at work to compensation conversations.
The victim mindset tells you that you're not in control of your outcomes, while the victor's mindset acknowledges that—while life isn't fair—you have some control over your outcomes and are capable of overcoming the challenges you're presented with. At the crux of it all is a sense of control.
Sometimes, we ascribe to a victim mindset and undermine our own resilience, capacity, and control—and stand in our own way in the process. Making the conversation more complicated? The reality of victimization and privilege.
My guest today, Dominick Quartuccio, gives us a three-step framework to rewire these negative thought patterns, design a future we can "live into," and regain control over our lives and financ…
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Jun 8, 2022
Building a Six-Figure Side Hustle, Monetizing Content, & Budgeting with Variable Income
If you've ever wondered how Money with Katie went from a $0 side hustle to a half-million venture in two years (and if you can do the same!), then this episode is for you.
Today, I'm getting into the weeds and sharing exactly how Money with Katie makes money, all things sponsorships and affiliates, and even ventures I tried that didn't quite pan out. I share real numbers and stories, beyond just the surface-level stuff you've heard before.
And because becoming a creative entrepreneur often means budgeting with variable income, I invited Lauren Anastasio, director of financial advice at Stash, to talk about setting yourself up for financial success from day one of your entrepreneurial journey.
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Inspiration for this show's episode: March 2020 Lessons for 2022 and Beyond
Breaking down the SEP IRA and a Solo 401(k) for those with self-employment income
This episode is presented by Betterment.
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Jun 1, 2022
To Prenup or Not to Prenup? with the Fiscal Feminist, Kim Davis
Let’s kick this off with an admission: We don’t have a prenup.
In today’s episode, I’ll tell you why—and why we probably should’ve gotten one.
We also talk with Kim Davis (former Wall Street attorney, present managing director at the Bahnsen Group, and founder of the Fiscal Feminist) about:
How the “stay-at-home” spouse can protect themselves financially
Why the prenup agreement is like an insurance policy for your marriage
What Kim thinks about joint credit cards
How much to budget for a prenup
…and a whole lot more.
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Read Kim's book, The Fiscal Feminist
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May 25, 2022
Buying Small Businesses: Is Investing in One Worth It?
A couple months ago, I got really anxious about income.
Aside from ~lite paranoia~ being one of the core tenets of my personality, my concern was (probably) justified. Rumblings of a recession on the horizon, #stonks going down, and the fact that Money with Katie was my sole source of income started to make me feel a little…vulnerable.
So I started looking into alternative investments. While I deeply considered real estate and passed for the time being, I discovered an amazing world of online content around buying small businesses and began my pursuit.
This episode dives into where I looked, what I found, the two businesses I almost bought, and why I didn’t pull the trigger. Plus, two interviews: One with Sarah Becker, a friend of mine who bought a dilapidated commercial property in her neighborhood when she was 24, and another with Steffany Boldrini, a successful investor in the self-storage space.
Sarah's new course, Independent Retirement Academy, launched on May 23. Listeners…
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May 18, 2022
How to Start Investing Successfully with Just Two Funds
The best part about living in 2022 is the fact that you don’t have to know anything about investing to be a successful investor thanks to products like Betterment (and financial technology more broadly).
But what if you do want to manage your own investments? Then what?
Before I learned about Paul Merriman and Chris Pedersen’s Two Funds for Life strategy, I never really knew what to tell people aside from do your research and best of luck to you, madam.
So this week, I’m joined by Chris (who created the Two Funds for Life model) to talk about an amazing 80/20 solution for getting proper, low-cost diversification with only two funds (hence the name). Not only that, but the “rebalancing” is more or less taken care of for you.
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May 11, 2022
The Myth of the "Dream Job" and Expanding Your Earning Potential
Lauren from Career Contessa joins me this week for a revelatory conversation about the myth of the elusive “dream job.” Ironically, it took getting my dream job to realize it’s…still a job. Wait a second, why does this still feel like work sometimes?
So why does acknowledging this myth and moving past it matter? Because the illusion that there’s a “dream job” out there for you (the career version of a soulmate) leads to both expectation hangovers and disappointment when—surprise!—even a job you really like comes with downsides. This episode is an exploration of the idea that maybe the grass isn’t always greener, and the things that make a job “good” are often overlooked in our misguided pursuit of a job that elicits “passion.”
That said, we also discuss the importance of liking what you do (to a healthy extent) and the positive financial outcomes that enjoying your work can bring.
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May 8, 2022
BONUS: The SHEcession, Childcare, and Modern Motherhood in the US
...because who's more qualified to talk about the challenges of being a mother than someone without kids, right?! Right?!
3.5 million women were pushed out of the workforce in March 2020 because of caretaking challenges. Overnight, we dropped to 1988 levels of women’s workforce participation, which confirms the theory that there’s a causal relationship between childcare availability and affordability, and women’s workforce participation.
Hear from your favorite childless woman (yours truly!) and a slew of Rich-Girls-Turned-Rich-Moms about how they've addressed these challenges in their own lives.
One of the Rich Girls (Moms) who called in is also a personal finance writer: Ashley Feinstein Gerstley is the author of Financial Adulting, a guide that breaks down everything you need to be a financially confident and conscious adult. As a trusted money expert, she has appeared on or been quoted in The Financial Times, the TODAY Show, CNBC, Forbes, NBC, Glamour and the The New York Ti…
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May 4, 2022
The Most Dangerous Misconceptions about the 4% Safe Withdrawal Rate
So much of personal finance and early retirement #literature is predicated on the 4% safe withdrawal rate that it’s easy to forget that the “rule” was discovered in the 1990s by the original Freak in the Spreadsheets, Bill Bengen.
And man, the financial media loves to splash sensational headlines about the 4% rule all over the place (“The founder of the 4% rule just changed it!”). You know the kind.
But there are a lot of misconceptions about the 4% rule, including the recent criticisms that it’s no longer valid. If you ever want to retire, this episode is a must-listen.
I welcomed Brian Feroldi onto the show to talk about the underlying assumption that makes the 4% rule work—over time, the stock market generally goes up. Brian's new book (aptly named Why Does the Stock Market Go Up?) is out now.
Sources cited
Historical bond returns
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Apr 27, 2022
Why Owners & Renters Alike Would Benefit from a Housing Market Cooldown
Today's episode is about the current reality of the US housing market (and stock market, to some degree) and how it's—paradoxically—not actually good for anyone, renters and owners alike. The one group it is benefiting? Investors.
The episode dives into why I think a cooldown is inevitable, and focuses more on why human shelter turning into an inflated asset class is dangerous for everyone who needs a house to live in. Look no further than Canada’s precarious situation and increasing homelessness for a cautionary tale.
My guest this week (Brandon of Mad FIentist fame) lends his perspective as someone who narrowly escaped the bubble burst in 2008 and ended up losing money on his next property—only to be priced out entirely in 2022. For context, Brandon retired a multimillionaire at age 34. He rents.
Cited Sources
Philip Pilkington's dire warning about intergenerational "war" stemming from inflated asset prices
Investor participation in the real estate market reaching new highs…
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Apr 20, 2022
How to Buy Back Your Time: Outsourcing Tasks with Farnoosh Torabi
Today's episode is all about outsourcing, a topic around which my views have evolved over the years.
(Read: As you get older and busier, you're less interested in "doing it all," apparently.)
We discuss how to determine what's worth outsourcing in your life and how much to pay for it, as well as address some common objections. My guest today, Farnoosh Torabi, is an icon in the personal finance world (and a mother of 2!) and she's got some #hottakes on the value of her (and your) time.
You can check out Farnoosh on CNET's So Money podcast.
To learn more about the Money with Katie Retreat, head here.
Resources
Average time use per day of American men and women from the U.S. Bureau of Labor Statistics
"Even female breadwinners (the 29% of American women who out-earn their husbands) bear the brunt of household labor."
"Even during a pandemic, gender gaps in sharing household responsibilities persist."
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Apr 13, 2022
Investing in the Age of "Overvalued" Stocks & Homes with Nick Maggiulli
Today, my friend Nick Maggiulli (COO of Ritholtz Wealth Management & former data scientist, as well as author of Of Dollars & Data and his new book, Just Keep Buying) joined me to talk about something that’s been (justifiably) freaking me out a little bit lately. To boil it down to its most layman's terms is the government’s money printing the reason why stocks and homes are worth so much more now, and does that mean we’re headed for a crash?
More to the point: What the hell do we do about it?
I think you’ll enjoy the little history lesson throwback (Kansas farmland in the 1970s, anyone?), the explanation of quantitative easing and expansionary monetary policy (I wish my Econ 101 professor could see my B+ self now), and—most importantly—the conversation I had with Nick about what we’re supposed to make of all this.
Here's the Politico article referenced.
Point of clarification: We reference the S&P 500's PE ratio (25 as of this recording) and Shiller PE ratio, or CAPE r…
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Apr 6, 2022
Why You May Need to Save Less Than You Think for Retirement
Worried you're behind, or may not have enough money to retire someday?
You may have less cause for concern than you think. Today’s episode dives into the math behind why you may need to save less than you think for retirement, with two solid examples from my own life.
Plus, an interview with Kim Curtis, a nationally recognized wealth management advisor and President and CEO of Wealth Legacy Institute, where she dives into what we actually need to be worried about in retirement. Hint: It’s likely not running out of money.
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FULL EPISODE TRANSCRIPTS AT HTTPS://PODCAST.MONEYWITHKATIE.COM
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Mar 30, 2022
Negotiating Tactics that Actually Work
Today, we're digging into negotiation tips that actually work—no perfecting crafty word play, performing mental jujitsu on a recruiter, or documenting months of "wins" required.
Since I'm not a negotiation expert (just a gal who enjoys negotiating), I brought in two guests today: Miranda Martin, a CEO Coach who speaks to money mindset, and a dear friend of mine, Career Coach Darci, who speaks to compensation research and recruiter relations.
Here's the blog post that complements this piece—it's all about how I increased my income.
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FULL EPISODE TRANSCRIPTS AT HTTPS://PODCAST.MONEYWITHKATIE.COM
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Mar 23, 2022
Everything's an Investment: Building Your Epic Spending Plan
Today, we're diving into the money psychology that impacts the way we spend and save—and I'll give you the framework for an epic change to the way we think about spending and investing for today and the future.
We'll also hear from Adam Day, a Certified Financial Planner who happens to be a Level 1 Certified Financial Therapist, about ways you can start to unearth the money stories driving your behavior.
Self-awareness is key, no?
Here are some of the free resources we mentioned in the episode:
Future Self-Continuity and Its Impact On Financial Planning (kitces.com)
Money Motivator - Start (wqcorp.com)
Klontz Money Scripts Test (bradklontz.com)
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FULL EPISODE TRANSCRIPTS AT HTTPS://PODCAST.MONEYWITHKATIE.COM
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Mar 16, 2022
The Unexpected Problem with Your Financial Goals
Today’s episode is about the one major issue we all share with our financial planning:
As humans, we’re bad at anticipating what’s going to make us happy.
Yep—it’s kinda hard to plan for what you think you’re going to want in 40 years, huh? Especially when some of those decisions tend to be inflexible.
You’ll also hear from Sam Dogen (a.k.a., Financial Samurai) about his journey retiring—then un-retiring—at age 34.
You can preorder Sam’s book here.
Here’s more information about why humans are bad at predicting what’s going to make us happy (or unhappy), and here’s the article I referenced about optimizing your tax strategy for early retirement.
Here's my Financial Independence Planner that I use to project my path to financial freedom based on my current invested assets, income, and spending.
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Full episode transcript below.
Learn more abou…
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Mar 9, 2022
Navigating the U.S. Healthcare System Without Getting Financially F***ed
The healthcare marketplace in the United States is confusing, complex, and expensive.
Why is it the way it is? Has it always been this way? Is it this way everywhere? These were my questions when I began this deep dive.
After reading a couple books, going on a week-long internet deep dive, and interviewing a healthcare consultant, I felt ready to bring some of my initial findings to you. Big thanks to Taylor, a healthcare consultant, for being interviewed for this episode, and Kaleigh, for sharing her experience giving birth to her daughter.
Snag a copy of Taylor's TEMPLATE FOR DENIED INSURANCE CLAIMS.
Since this is a relatively fact-filled episode, sources are listed below by claim.
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CLAIMS & MORE RESOURCES
Any claim that doesn’t have a URL attached came from the book The Healing of America by T. R. Reid.
“Of the 11 richest countries in the world, Ameri…
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Mar 2, 2022
Common 401(k) Mistakes to Avoid: Fees, Being Overly Conservative, and More
Today, we're taking a break from questioning the socioeconomic status quo and digging into a more tactical, technical topic: The most common 401(k) mistakes I see.
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Feb 23, 2022
Is "Financial Independence" a Sign of... a Problem?
Today, we hear from Dr. Anna Hulett, an industrial organizational psychologist (think female Adam Grant), about the state of work in the United States and why there’s a small legion of Millennials obsessed with financial independence retiring early.
Is financial independence a sign of… a problem?
We examine data from other places (read: Scandinavian countries) where employment rates are higher, people are happier, and – ironically – the taxes and social safety nets are extreme.
There’s a LOT to unpack here. Here’s the article referenced throughout.
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Feb 16, 2022
Building Financial Intimacy: How to Deal with Financial Irresponsibility in a Relationship
Today, we hear from several #RichGirls about the role money plays in their relationships and talk about ways to improve financial intimacy – and, most importantly, create some common ground with a financially irresponsible partner.
Whether you're the irresponsible partner or you're trying to cope with having one (or hey, maybe you two switch places!), this episode provides tangible tactics (and even a few 'scripts' you can try) for improving your finances – together.
Thanks to all the #RichGirls who agreed to be interviewed for this episode.
Other Resources
An Efficient Way to Combine Finances for Marriage
How We Built our First Couple's Budget
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Feb 9, 2022
Is House-Hacking Still Lucrative in 2022's Housing Market?
Ever seen folks on the internet talk about house hacking? It's – admittedly – a magical concept if you can pull it off, and basically involves living for free by buying a place and then having your tenant foot the bill. As someone who loves free shit, I was IN.
Except... the cost of homes has skyrocketed, and the price of rent (in a lot of places) hasn't risen as much. What does that mean for those trying to get in now?
Big thanks to Mallory (@fuelingfinancialfreedom on Instagram) for being my #RichGirl interviewee for today's episode.
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Feb 2, 2022
A SPENDING PROBLEM?: What Gambling Addiction Research Teaches Us About Our Financial Behavior
Today's episode dives into gambling research (via Chief of the Stanford Addiction Medicine Dual Diagnosis Clinic, Dr. Anna Lembke) and what it teaches us about our own dopamine pathways:
Specifically, how strange it is that we can get the most dopamine when something objectively bad is happening (like losing money while gambling).
We'll discuss unhealthy relationships with spending, earning, saving, and – bonus! – we'll hear from 3 members of the Money with Katie community who share their stories about spending problems.
Finally, we'll review two major tactics you can try to address the issue (whether you're more of a compulsive spender or saver).
A big thanks to #RichGirls Cynthia, Kate, and Taylor for their vulnerability.
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Jan 26, 2022
ALL THINGS ENTREPRENEURSHIP: Pt. 2 with ChroniFI Founder, Ben Miller
Today’s episode brings back our friend Ben Miller, Founder of ChroniFI, for a Pt. 2 (for our first conversation, check out Ep. 11).
We talk all things entrepreneurship:
The difference between working a 9-5 and entrepreneurship
The surprising aspects of monetizing a blog
Why entrepreneurship isn’t a democracy
The unexpected pros & cons of starting your own “thing”
How to begin to find the thing you’re passionate about
The consequences of living in alignment, “scratching the itch,” and indulging curiosity for curiosity’s sake
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Jan 19, 2022
FINANCIAL FREEDOM: How Much Money Would You Need to Never Worry About Money Again?
Today's episode is a deep dive into a concept that most of us have probably never stopped to ponder: How much money would I need to never worry about money again? If the answer is, "There's no amount of money that would make me stop (insert hyper-frugal habit here)," this episode might be a must-listen for you.
We'll talk resources, privilege, time, and the ultimate existential crisis-inducing question: What's the point?
Moreover, is there a mathematically sound or reasonable way to calculate that number?
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Jan 12, 2022
NICE STUFF IS MAKING YOUR LIFE WORSE: Reflections on Materialism
Today, we're revisiting a topic I first covered a few years ago – but with a renewed interest after the Christmas season (and all the damn Amazon boxes that accompany it).
Thanks to today's sponsor, Capitalize, for their partnership in today's episode. If you'd like Capitalize to roll over your 401(k) for free FOR you, check them out.
Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jan 5, 2022
TRAVEL REWARDS PT. 2: How to Decide Which Card to Use & Other Ways to Earn Points
Welcome back to Season 2 of the Money with Katie podcast!
Today, we're exploring the ways in which I think about strategizing your spending across different credit cards (and how to earn more points).
You can sign up for the Travel Rewards 101 free mini course here.
Thanks to Capitalize for sponsoring today's episode – you can learn more about using Capitalize to roll over your old 401(k) for free here.
Learn more about your ad choices. Visit megaphone.fm/adchoices
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Dec 22, 2021
#12: MY TOP 3 FINANCIAL LESSONS OF 2021: Earning More, Lifestyle Creep, and the Truth About Alignment
Today, we're discussing the top 3 financial lessons I'm taking from 2021.
This is the last episode of season 1, and I'd love to hear what you're interested in for season 2. Shoot me an email at podcast@moneywithkatie.com!
Thanks to Capitalize for sponsoring today's episode. Capitalize is my favorite free 401(k) rollover service, and you can read about my experience using their product to roll over my 401(k) here.
Learn more about your ad choices. Visit megaphone.fm/adchoices
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Dec 15, 2021
#11: MONEY, HAPPINESS, AND TIME: Interview with Ben Miller, Founder of ChroniFI
Today, I'm interviewing a friend of mine who left the trading floor at Goldman Sachs to start his own company that helps people make sense of their finances and relate them back to the one precious resource that matters most: Time.
I loved this conversation, and Ben is fantastic, as you'll hear. Here's where you can find him:
Try ChroniFI with a 60-day free trial: www.chronifi.com/katie
Ben's budding blog, which I'm trying to convince him to blow up even more
If you're interested in rolling over a 401(k) with the sponsor of today's episode, Capitalize, check out my full product review here.
Learn more about your ad choices. Visit megaphone.fm/adchoices
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Dec 8, 2021
#10: 3 QUESTIONS YOU SHOULD ASK YOURSELF FOR 2022: Annual Financial (and Life) Planning
Today, we're talking about three questions we should be asking ourselves in preparation for a new year.
Annual planning (both financial and otherwise) is super powerful for achieving the things we want. Our three questions:
Where will I be one year from today?
Where am I right now?
What's my one word for 2022?
In this episode, I'll talk you through how to answer these questions (and the questions within them) and how to use them to reach your goals in 2022.
The 2022 Wealth Planner launches January 1, 2022 at midnight.
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Dec 1, 2021
#9: HOW TO FIND A WELL-PAYING CAREER YOU LOVE: Interview with Millennial Success Coach Eliana Goldstein
Today on the show, I've got my friend Eliana Goldstein, a Millennial Success Coach who focuses on career coaching (she's certified!).
Sign up for Eliana's free masterclass for Money with Katie listeners on Wednesday, Dec. 8 here (4PM PST/7PM EST).
We discuss:
Her journey to becoming a career coach and why she's uniquely qualified to do it
Why so many Millennials are unhappy in their careers, and how they can begin to remedy it
How we should think about the "fulfilling career" vs. "high-paying job" tradeoff
Career mindset & mapping
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Nov 24, 2021
#8: BETTERMENT CEO INTERVIEW: Financial Independence & Successful Investing with Sarah Levy
I was excited to talk to Sarah, the CEO of Betterment, about some of the tough questions I've wanted to ask someone for a long time:
COMPETITION: What makes Betterment better than, say, Wealthfront?
HUMAN EXPERTS: How much human involvement goes on behind the scenes with a roboadvisor?
THE FUTURE: Where's Betterment headed in the next 5 years? 10?
INVESTING WITH YOUR VALUES: How is Betterment approaching socially responsible investing?
If you want to get started with Betterment, you can do so here.
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Nov 10, 2021
#6: MY ACTUAL FINANCIAL INDEPENDENCE PLAN: The Next 4 Years of My Life
Today, we're riffing on a few things: How I discovered financial independence, what my life was like then, the progress I've made, and how my goals have shifted since then.
Ultimately, we're taking a more thoughtful look at the way we approach financial goals and if – sometimes – we kinda miss the point.
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Nov 3, 2021
#5: SPENDING GUILT: 3 Tips to Overcome Guilty Spending
Inspired by my recent venture into the capsule wardrobe, I wrote and recorded this episode about overcoming spending guilt as an objectively high earner who has a hard time spending money. We'll dig into...
My money stories from childhood
Why (I think) I have a hard time with spending, and what I'm doing about it
3 legitimate, actionable tips for feeling less guilty about spending your money
The budgeting app I mentioned in today's show is called Copilot, and you can use the code KATIE2 to double your free trial.
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Oct 27, 2021
#4: SELF-EMPLOYMENT TAXES: How to Save on Taxes When You're Self-Employed
Self-employed people are able to contribute a ridiculous amount of money to their special self-employment retirement accounts. Today, we're going to dig into:
Everything you need to know about Solo 401(k)s and SEP IRAs
Where your self-employment tax even comes from
How to decide what's better for you – Solo 401(k) or SEP IRA – depending on how much money you make and whether or not you have a full-time job, too
The only way to avoid paying the 15.3% self-employment tax
How you could save more than $10,000 in taxes
The easy calculation for figuring out how much you're allowed to contribute to a SEP IRA or Solo 401(k)
My new strategy for ditching the Backdoor Roth IRA and getting Roth exposure elsewhere, allowing me to use a big, fat SEP IRA
RESOURCES MENTIONED
You can open a SEP IRA with Betterment today
The fancy IRS calculator for determining what you're allowed to contribute (but I'd just use the easy formula I mentioned in the episode!)
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Oct 20, 2021
#3: TOP 5 PERSONAL FINANCE BASICS: Money for Beginners
Today, we're looking at the top 5 basics for people who are starting their personal finance journey:
Paying off debt strategically
Not over-doing the emergency fund
Investing early and often in a tax-efficient way
Living beneath your means
Using credit cards to travel for free
RESOURCES MENTIONED
Get started with Betterment > "Betterment Safety Net"
Pick up a Wealth Planner tool for an exact emergency fund recommendation
How to Use Your 401(k) in Early Retirement without a 10% Penalty
401(k)s for the Self-Employed
A Case for Why Nice Stuff Might Be Making Your Life Worse
The Top 3 Spending Mistakes I See
Travel Credit Cards: A Full Breakdown Guide
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Oct 13, 2021
#2: HOW TO TRAVEL FOR FREE: Credit Card Travel Rewards 101
An episode by popular demand: Let's talk about how you can travel for free using credit card rewards. Today, we're going to talk about:
The prerequisites for using credit card travel rewards (who should and shouldn't be doing this)
FAQs about timing, risks, credit score implications, and more
The 5-6 cards I recommend getting, in order, and why the annual fees are worth it
RESOURCES MENTIONED
The Wealth Planner
The Chase Freedom Flex Card application link
The Chase Sapphire Preferred application link
The Chase Southwest Airlines Rapid Rewards Priority Card application link
The Chase Marriott Bonvoy Boundless Card application link
The Platinum Card from American Express application link
The Platinum Card from American Express full updated review
Travel rewards as a couple ("two-player mode")
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Oct 6, 2021
#1: HOME OWNERSHIP RANT | My Real Beef with the Debate
The home ownership debate (to rent or to buy?) is heated and – I would argue – frustrating. Today, I'm diving into my REAL beef with the, "Renting is throwing your money away," condescension – in the hopes that young people will learn how to run the numbers instead of relying on conventional wisdom.
ARTICLES REFERENCED
When the Math Supports Buying Your Primary Residence
Our Net Worth is More than $500,000 – Here's Why We Choose to Rent
Why Your House is a Terrible Investment (JL Collins)
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