Customizable Sleep and Financial Empowerment: The Sleep Number Smart Bed offers personalized comfort and JD Power ranking, while Rain Check empowers young women to take charge of their finances
Quality sleep is essential for everyone and can be individually customized with the Sleep Number Smart Bed. This bed allows for adjustments to firmness and temperature on each side, ensuring both partners sleep comfortably. The JD Power-ranked mattress also comes with a current discount of 40%. Elsewhere, Mint Mobile is reducing the price of its unlimited plan from $30 to $15 per month for new customers. In the world of personal finance, it's crucial for women to take control of their financial futures early. Rain Check, a financial advice service for women, was founded by Devina Tomlinson to address the gap between men and women's financial literacy. Her book, "Cash is Queen," targets 10 to 16-year-old girls, emphasizing the importance of financial education at a young age.
Managing Money During Critical Life Stages: Effective money management is essential for women during adolescence, adulthood, and motherhood. Awareness of unique challenges and resources can help navigate financial pressures, economic abuse, and reduced earning power.
Effective money management is crucial for women, especially during critical life stages such as adolescence and motherhood. The discussions with Cassius Queen, Nicola Sharp Jeffs, and Toby Asare highlighted the importance of financial empowerment, particularly in the context of economic abuse, maternity leave, and partnerships. Women face unique challenges when it comes to managing money, and it's essential to be aware of these issues and take action. For instance, during adolescence, girls can feel overwhelmed by the pressures of growing up, including financial responsibilities. In adulthood, women may experience economic abuse, which can hinder their independence and financial stability. Lastly, during motherhood, women face financial challenges related to maternity leave and reduced earning power. To navigate these challenges, platforms like My Bump Pay and resources like The Blend can provide valuable information and support. In relationships, open communication about money management is essential, and contributions to joint accounts should be discussed and adjusted based on individual circumstances. By being informed and proactive, women can take control of their financial futures and live the lives they deserve.
Open financial discussions for economic independence: Transparent finances enable women to invest, save, and assert economic rights, preventing financial abuse and ensuring mutual benefits.
Financial transparency and open communication are crucial elements for women to achieve economic independence and empowerment in relationships. Lack of disposable income is a significant barrier to investing and saving more, but transparency can help women assert their economic rights. Starting relationships with open financial discussions can prevent potential financial abuse and ensure both partners benefit. Society's taboo around discussing finances and abuse makes it essential to normalize these conversations and learn to recognize the signs of financial abuse early on.
Financial independence is crucial for women to avoid domestic abuse and maximize earnings: Maintain separate bank accounts, negotiate pay, ask for raises, and discuss finances during inflection points to ensure fair compensation and financial independence
Financial independence is crucial for individuals, particularly women, to avoid falling victim to domestic abuse and to maximize their earning potential throughout their careers. The discussion highlighted how perpetrators often manipulate finances and insist on joint bank accounts to control their partners, making it essential for individuals to maintain separate accounts. Moreover, women who don't negotiate for better pay, don't ask for pay raises, or miss out on pension contributions due to part-time work or maternity leave can lose significant amounts of money over their lifetime. The importance of talking about money, negotiating, and being aware of market rates cannot be overstated. Women should not shy away from discussing finances, especially during inflection points like maternity leave, to ensure they are being fairly compensated.
Financial transparency and equality in relationships prevent financial abuse: Seek advice and support if one partner demands access to savings without transparency, building a support network can help cope with unique financial challenges for singles and single parents, and employers may offer benefits to offset costs.
Financial transparency and equality in relationships are essential for preventing potential financial abuse. A situation where one partner demands access to the other's savings accounts without reciprocating transparency could be a sign of abuse. It is crucial to seek advice and support from trusted sources, such as banks, support lines, or trusted individuals, in such cases. Furthermore, being single or a single parent can present unique financial challenges, often referred to as the "single tax." These challenges can be exacerbated by factors such as rising house prices and childcare costs. To cope with these challenges, building a support network, including family, friends, and employers, can help alleviate some of the financial burden. Employers may offer childcare contributions or salary sacrifice schemes to help offset these costs. By seeking support and building a strong network, individuals can navigate these challenges and focus on their career growth.
Discussing career goals and financial impact of starting a family: Before starting a family, discuss career goals and financial impact with your partner. Understand maternity/paternity policies, ask about leave and pension schemes during job interviews, and plan financially during maternity leave.
Before starting a family, it's crucial to have open and honest discussions with your partner about your career goals and the potential impact of starting a family on your financial situation. Understanding your maternity and paternity policies is also essential. Employers can play a role in this by initiating conversations about returning to work and financial planning during maternity leave. It's recommended to ask about paternal leave policies and company pension schemes during job interviews. Proper financial planning, including budgeting, is crucial during maternity leave when personal finances may be at their lowest due to childcare expenses and potential loss of income. Employers can help by providing this information and creating a supportive environment for discussing these concerns.
Having open conversations about financial responsibilities before starting a family: Couples should discuss attitudes towards financial dependency, division of labor, and childcare responsibilities as part of a collaborative family vision
Starting a family is not just the responsibility of the woman, and it's crucial for couples to have open and honest conversations about financial responsibilities and expectations before starting a family. These conversations should include discussing attitudes towards financial dependency, division of labor, and childcare responsibilities. Couples should aim to have these conversations as part of a family vision, making it a collaborative goal rather than a daunting task. Timing and structure are also essential, and having a family vision board party can be an effective way to initiate these conversations. Ultimately, it's essential to approach these conversations with respect and understanding, recognizing that everyone's financial situation and perspective is unique.
Using the ratio method for fair income distribution: Consider using the ratio method for financial discussions in relationships to ensure fairness and sufficient disposable income for both partners. Seek legal and financial advice to protect interests in cohabiting relationships.
When it comes to financial discussions in relationships, using the ratio method instead of a 50-50 split can lead to a more objective and fair distribution of income. This method can help ensure that both partners have sufficient disposable income and can lead to better financial outcomes for both parties. However, it's essential to be aware of the legal implications of cohabiting without being married, particularly regarding property ownership, life insurance, and inheritance tax. Seeking professional financial advice is crucial to understand the benefits and consequences of different relationship statuses and to ensure that proper legal arrangements are in place to protect both parties' interests. Overall, having open and informed conversations about money in relationships can lead to better financial outcomes and a stronger partnership.
Appreciation and growth go hand in hand: Eden Rewards and Shopify help individuals and businesses harness their potential for appreciation and growth. Shopify offers a 36% more effective checkout to convert more browsers into buyers, boosting business growth.
Appreciation and growth are essential for individuals and businesses. At Eden Rewards, we believe that appreciation has significant value, starting from individuals and spreading throughout companies to boost performance and productivity. Shopify shares this belief in growth, offering a platform for businesses to sell effectively at every stage, from the initial online shop launch to reaching major milestones. With Shopify, businesses can convert more browsers into buyers using the Internet's best converting checkout, which is 36% more effective on average compared to other leading commerce platforms. In summary, appreciation and growth go hand in hand, and both Eden Rewards and Shopify offer solutions to help individuals and businesses harness their potential. Try Shopify for a $1 per month trial period to start growing your business today.
Money and relationships: a crash course
Recent Episodes from Money Clinic with Claer Barrett
Can Stuart Kirk double his money in eight years?
How does one double a sizeable portfolio in under a decade? The short answer is by taking more investment risk - and in today’s episode one of the FT’s most experienced investment columnists weighs up the potential risks.
Stuart Kirk has set an ambitious financial goal to hit ahead of his 60th birthday — growing his portfolio from just over £500,000 today to £1mn by 2032.
Will he be persuaded to take a punt on flashy US tech stocks, dabble in alternative investments such as private equity, go for gold, or even gamble with cryptocurrency?
In the edited highlights from the FT Weekend Festival in London, host Claer Barrett invites Stuart to present his portfolio to the FT Money tent, before taking a grilling from inquisitive FT subscribers in the audience.
For more tips on how to organise your money, sign up to Claer's email series 'Sort Your Financial Life Out With Claer Barrett' at FT.com/moneycourse
Money Clinic will be back in 2025 with new episodes. If you would like to be a guest on a future episode of Money Clinic, email us at money@ft.com or send Claer a DM on social media — she’s @ClaerB on X, Instagram and TikTok.
Want more?
Read Stuart Kirk’s recent Skin in the game columns, When will emerging stocks finally emerge?, The best way to invest in gold, and more
Listen to Claer and Stuart’s viral mini podcast episode, The Five Minute Investor from Money Clinic: What is a PE ratio?
Check out Claer’s column, What’s the chancellor’s next move going to be with my pension?
Listen to more episodes of Money Clinic, such as Investment Masterclass: The hunt for global growth stocks, Investment Masterclass: The case for investing in AI, and more.
Presented by Claer Barrett. Produced by Tamara Kormornick. Our executive producer is Manuela Saragosa. Sound design by Breen Turner, with original music from Metaphor Music. Cheryl Brumley is the FT’s global head of audio.
Disclaimer: The Money Clinic podcast is a general discussion about financial topics and does not constitute an investment recommendation or individual financial advice.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Best of Money Clinic: Investment masterclass: The psychology of money
‘If you can tell a good story,’ says Morgan Housel, ‘you’ll get people to line up and listen to you.’ In this episode of Money Clinic, Morgan shares some of those stories with host Claer Barrett and challenges us to think differently about our attitude to wealth and wealth creation. This episode is a repeat of a Money Clinic first published in January 2024.
More information on Morgan Housel and his books: https://www.morganhousel.com/
Follow Claer on social media @Claerb
Presented by Claer Barrett. Produced by Philippa Goodrich. Our executive producer is Manuela Saragosa. Sound design by Breen Turner, with original music from Metaphor Music. Cheryl Brumley is the FT’s global head of audio.
Hosted on Acast. See acast.com/privacy for more information.
How “painful” will the Budget be for your finances?
With a £22bn ‘black hole’ in the public finances, the new chancellor Rachel Reeves has difficult decisions to make ahead of Labour’s autumn Budget next month. How might this hole be plugged, and where might tax rises land? In this episode, Dan Neidle, founder of think-tank Tax Policy Associates and former head of tax at Clifford Chance, considers which tax-raising levers the chancellor might pull on October 30, and puts forward a case for fairer, growth-focused tax policy.
For more tips on how to organise your money, sign up to Claer's email series 'Sort Your Financial Life Out With Claer Barrett' at FT.com/moneycourse
If you would like to be a guest on a future episode of Money Clinic, email us at money@ft.com or send Claer a DM on social media — she’s @ClaerB on Twitter, Instagram and TikTok.
Want more?
Check out Claer’s column, What’s the chancellor’s next move going to be with my pension?
Listen to more episodes of Money Clinic, such as What will the UK election mean for your money?, Isa season: how to build tax-free wealth, and more.
Presented by Claer Barrett. Produced by Tamara Kormornick with help from Mischa Frankl-Duvall. Our executive producer is Manuela Saragosa. Sound design by Breen Turner, with original music from Metaphor Music. Cheryl Brumley is the FT’s global head of audio.
Disclaimer: The Money Clinic podcast is a general discussion about financial topics and does not constitute an investment recommendation or individual financial advice.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
“How not to lose a million dollars”
In an increasingly cashless society, how can parents ensure children learn healthy financial habits? In this episode, host Claer Barrett speaks to Sheila Bair, author of the Money Tales children’s book series and former chair of the US Federal Deposit Insurance Corporation, about instilling children with sensible attitudes to money - and reveals details of her next book, How Not to Lose a Million Dollars.
For a chance to win a pair of Bose QuietComfort 35 Wireless Headphones, share your thoughts on the show with us via a short survey before August 29 2024 (terms and conditions can be found here).
For more tips on how to organise your money, sign up to Claer's email series 'Sort Your Financial Life Out With Claer Barrett' at FT.com/moneycourse
If you would like to be a guest on a future episode of Money Clinic, email us at money@ft.com or send Claer a DM on social media — she’s @ClaerB on Instagram and TikTok.
Want more?
Check out Claer’s column, Widowed pensioners ‘could be owed thousands’ in UK state pension.
Listen to more episodes, such as How can I cut the cost of my insurance cover?, Can financial therapy change our relationship with money?, and more.
Presented by Claer Barrett. Produced by Tamara Kormornick. Our executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco, with original music from Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Best of Money Clinic: ‘Sadmin’ – the side-hustle nobody wants
When FT columnist Miranda Green lost her father, she expected the grief to be long-lived. What she didn’t expect was that she would still be attempting to settle her father's financial affairs nearly a year later with multiple calls to banks, building societies, insurers and utility companies.
In an episode which first aired last September, Miranda tells presenter Claer Barrett about her experiences dealing with inconsiderate call handlers and poor processes in the private sector. Claer puts Miranda’s concerns to Eric Leenders, the director of personal finance at UK Finance, the trade body that represents about 300 financial services organisations. What are they doing to address the problem?
Want more?
Listen to the second part of this series, Help! My parents are being targeted by scammers
Read Miranda Green’s article for free: Sadmin - the side hustle nobody wants
Services mentioned in the podcast:
https://www.gov.uk/after-a-death/organisations-you-need-to-contact-and-tell-us-once
https://www.mylostaccount.org.uk
https://www.deathnotificationservice.co.uk
For more tips on how to organise your money, sign up to Claer's email series 'Sort Your Financial Life Out With Claer Barrett' at FT.com/moneycourse
If you would like to be a guest on a future episode of Money Clinic, email us at money@ft.com or send Claer a DM on social media — she’s @ClaerB on Instagram and TikTok.
Want more?
Check out Claer’s column, Widowed pensioners ‘could be owed thousands’ in UK state pension.
Listen to more episodes, such as How can I cut the cost of my insurance cover?, Can financial therapy change our relationship with money?, and more.
Presented by Claer Barrett. Produced by Philippa Goodrich and Laurence Knight. Our executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco, with original music from Metaphor Music.
Read the transcript of this episode which was first aired last September on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Best of Money Clinic: The financial advice we’d give to Barbie
Barbie is a big spender and high earner, fast approaching the age of retirement. But after a long and varied career that has seen her build a portfolio of multiple dreamhouses and a low-commitment, long-distance relationship with casual boyfriend Ken, what financial advice should she be looking for?
In this Headlinemoney award-winning episode of Money Clinic, first aired in August 2023, presenter Claer Barrett is joined in the studio by wealth manager Christine Ross from Handelsbanken and FT personal finance columnist Moira O’Neill, who share their tips on everything from prenups to investing.
Clips: Warner Bros
For more tips on how to organise your money, sign up to Claer's email series 'Sort Your Financial Life Out With Claer Barrett' at FT.com/moneycourse
If you would like to be a guest on a future episode of Money Clinic, email us at money@ft.com or send Claer a DM on social media — she’s @ClaerB on Instagram and TikTok.
Want more?
Check out Claer’s column, How the ‘single tax’ can break financial resilience.
Listen to more episodes, such as Should I get a prenup?, Investment Masterclass: The hunt for global growth stocks, and more.
Presented by Claer Barrett. Produced by Persis Love. Our executive producer is Manuela Saragosa. Sound design by Breen Turner, with original music from Metaphor Music. Cheryl Brumley is the FT’s global head of audio.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Should I get a prenup?
Prenuptial agreements are no longer just for Hollywood power couples such as Jay Z and Beyoncé — they’re on the rise in the UK too. Host Claer Barrett sits down with family lawyer Richard Hogwood from Stewarts Law to discuss the legal status of prenups as well as the recent influx of requests at his firm, and quizzes James Brookner, founder of the online-platform Wenup, on an affordable route to drafting a prenup. Also in the Money Clinic studio are newly weds-to-be Steve and Georgina, who explain why they decided on a prenup and how they navigated the tricky conversation around it.
For a chance to win a pair of Bose QuietComfort 35 Wireless Headphones, share your thoughts on the show with us via a short survey before August 29 2024 (terms and conditions can be found here).
For more tips on how to organise your money, sign up to Claer's email series 'Sort Your Financial Life Out With Claer Barrett' at FT.com/moneycourse
If you would like to be a guest on a future episode of Money Clinic, email us at money@ft.com or send Claer a DM on social media — she’s @ClaerB on Instagram and TikTok.
Want more?
Check out Claer’s column, How the ‘single tax’ can break financial resilience
Listen to more episodes of Money Clinic on the topic, such as The finances of moving in together, How can we stop arguing about money?, and more.
Presented by Claer Barrett. Produced by Tamara Kormornick. Our executive producer is Manuela Saragosa. Sound design by Breen Turner, with help from Jake Fielding, and the original music is from Metaphor Music. Cheryl Brumley is the FT’s global head of audio.
Disclaimer: The Money Clinic podcast is a general discussion about financial topics and does not constitute an investment recommendation or individual financial advice.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Money Clinic presents: How to future-proof your career
Isabel Berwick, host and editor of the FT’s Working It podcast and newsletter, has spent the last year writing The Future-Proof Career, a book about how to thrive at work, now and in the future. In April, she held a launch event at Daunt Books, where she spoke to Money Clinic’s Claer Barrett, the FT’s consumer editor, about what she learned in the process. This is an edited version of a Working It episode that aired in May.
For a chance to win a pair of Bose QuietComfort 35 Wireless Headphones, share your thoughts on the show with us via a short survey before August 29 2024 (terms and conditions can be found here).
For more tips on how to organise your money, sign up to Claer's email series 'Sort Your Financial Life Out With Claer Barrett' at FT.com/moneycourse
If you would like to be a guest on a future episode of Money Clinic, email us at money@ft.com or send Claer a DM on social media — she’s @ClaerB on Twitter, Instagram and TikTok.
Want more?
Catch Isabel on the FT’s Working It podcast, read her latest newsletter, Keeping teams calm in turbulent times, and follow her on LinkedIn.
Read more Work & Careers articles from the FT, such as Five secrets of workplace success, and Can AI make brainstorming less mind-numbing?
Check out Claer’s column, How the ‘single tax’ can break financial resilience
Listen to more episodes of Money Clinic, such as Money Clinic live: How to get a pay rise.
Presented by Claer Barrett. Produced by Tamara Kormornick. Our executive producer is Manuela Saragosa. Sound design by Breen Turner, with original music from Metaphor Music. Cheryl Brumley is the FT’s global head of audio.
Disclaimer: The Money Clinic podcast is a general discussion about financial topics and does not constitute an investment recommendation or individual financial advice.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
How can I cut the cost of my insurance cover?
The cost of insurance premiums is rising to record highs, but levels of customer service are falling for customers who end up having to make a claim, according to a new report. The consumer group, Which? has found that almost half of those claiming on home, car or travel insurance policies in the past few years have experienced at least one problem, as the volume of complaints linked to claims handling soars. Host Claer Barrett sits down with Sam Richardson, the deputy editor of Which? Money and Ian Smith, the FT’s insurance correspondent, to find out why insurance has become such a minefield for consumers, and how to reduce the cost of premiums without compromising the quality of cover.
Links:
Money Helper: https://www.moneyhelper.org.uk/en
British Insurance Brokers’ Association: https://www.biba.org.uk/
For a chance to win a pair of Bose QuietComfort 35 Wireless Headphones, share your thoughts on the show with us via a short survey before August 29 2024 (terms and conditions can be found here).
For more tips on how to organise your money, sign up to Claer's email series 'Sort Your Financial Life Out With Claer Barrett' at FT.com/moneycourse
If you would like to be a guest on a future episode of Money Clinic, email us at money@ft.com or send Claer a DM on social media — she’s @ClaerB on Twitter, Instagram and TikTok.
Want more?
Read Ian Smith’s FT Money cover story, What’s driving the car insurance crisis?
Check out Claer’s column, How the ‘single tax’ can break financial resilience
Listen to more episodes of Money Clinic on the topic, such as Am I paying too much for insurance?, Finance tips for freelancers, insurance pitfalls and how to write the perfect 'to do this', and more.
Disclaimer: The Money Clinic podcast is a general discussion about financial topics and does not constitute an investment recommendation or individual financial advice.
Presented by Claer Barrett. Produced by Tamara Kormornick. Our executive producer is Manuela Saragosa. Sound design by Breen Turner, with original music from Metaphor Music. Cheryl Brumley is the FT’s global head of audio.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Investment Masterclass: The hunt for global growth stocks
When it comes to growth investing, big US tech stocks are the prime example. However, professional investors are looking to diversify into other areas of global stock markets, seeking out fast-growing companies of the future.This week, Claer sits down with fund manager James Thomson, who has managed the £4bn Rathbone global opportunities fund for 20 years. In this episode, he shares the ingredients for his “special sauce” to investing in growth stocks, his biggest mistakes and the core lessons he has learned from weathering several economic crises.
Links:
The Five Minute Investor from Money Clinic: Magnificent Seven
Money Clinic’s Investment Masterclass: The case for investing in AI
For a chance to win a pair of Bose QuietComfort 35 Wireless Headphones, share your thoughts on the show with us via a short survey before August 29 2024 (terms and conditions can be found here).
For more tips on how to organise your money, sign up to Claer's email series 'Sort Your Financial Life Out With Claer Barrett' at FT.com/moneycourse
If you would like to be a guest on a future episode of Money Clinic, email us at money@ft.com or send Claer a DM on social media — she’s @ClaerB on Instagram and TikTok.
Want more?
Check out Claer’s column, Could AI make you a better investor?
Listen to more investment masterclasses from Money Clinic, such as WTF are ETFs, Do sneakers deserve a place in your investment portfolio?, and more.
Disclaimer: The Money Clinic podcast is a general discussion about financial topics and does not constitute an investment recommendation or individual financial advice.
Presented by Claer Barrett. Produced by Tamara Kormornick. Our executive producer is Manuela Saragosa. Sound design by Breen Turner, with original music from Metaphor Music. Cheryl Brumley is the FT’s global head of audio.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Related Episodes
#29 Sovereign Citizens, Taco Bell Credit Card Debt + Bigfoot Is A Stalker. AITA? r/relationships
In this episode of For Fox Sake, Vee and Joe discuss Reddit stories. Buckle up for a wild ride.
In this episode you’ll learn more about:
- What Sovereign Citizens is + why they are “tax adjacent”
- What Candy Crush, Taco Bell and My Little Pony porn have in common
- WHY YOU NEED TO PAY YOURSELF WAGES NOT THROUGH LOANS, why CPAs are a business necessity, why the IRS is terrifying + more
RESOURCES:
- 1:1 Financial Coaching Services
- OnlyFoxes closed community
- Monthly Newsletter
- Fox Den Community Resource List
- Fox Den Community Resource List Submission Form
- The Whiskered Woodsman Etsy
SHOW INFORMATION:
For Fox Sake is a personal finance podcast focused on helping you navigate late-stage capitalism through sustainable budgeting and realistic advice. We actively deconstruct money shame, share real and relatable finance stories, and discuss financial literacy that makes sense for a 2024 world.
HOST BIO:
Vee Weir is an award-winning, anti-capitalist personal finance content creator and business owner. Her main focus and mission is to challenge common money myths, dismantle barriers preventing access to financial information and examine how capitalism negatively impacts the working class.
In the past 8 years, Vee has amassed a following of over 35k+ online and has been featured in Forbes, Business Insider, CNBC, and more.
When she’s not online she spends her time hiking with her husband and three dogs in the Rocky Mountains of Colorado.
HOST SOCIAL MEDIA:
DISCLAIMERS:
- This show may contain affiliate links or links from advertisers where we earn a commission, direct payment or products.
- Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice.
- The views and opinions expressed by guests on this platform are their own and do not reflect the views or opinions of the institutions with which they are affiliated. Any information provided by guests is intended for informational and discussion purposes only. It is important to note that individual perspectives may vary.
- The hosts and the platform do not endorse or validate the opinions expressed by guests regarding their respective institutions. Listeners are encouraged to independently verify any information provided and to form their own opinions based on a comprehensive consideration of various perspectives.
- Opinions are our own.
CREDITS:
Slow and Steady Wealth Building Wins the Race
The great investor Warren Buffet once said, “Few aspects of human existence are more emotion-laden than our relationship to money.” You might hear of friends or colleagues who hit it big in crypto or real estate and think you ought to do the same. But that’s just your emotions (and need to fit in) talking.
Unfortunately, we can’t stop having emotions, and we’re simply hardwired to want to conform to social norms. So what can we do if we want to get a handle on our finances?
In today’s episode, Dylan talks about the importance of working in concert with our emotions, how social norms force us to make suboptimal financial decisions, and the most effective approach to wealth building.
Show Highlights
-
[04:40] Why human beings are social creatures
-
[10:17] How social conventions force us to make suboptimal choices with money
-
[14:11] Why even sports champions are not immune to conformity
-
[20:10] The price of conforming to social norms
-
[22:22] The most effective approach to wealth building
Links and Resources
#21 The Gentrification of Thrifting, Overconsumption & Capitalist Waste With Sami Womack
We’ve all seen TikTok Shein hauls. We’ve seen the insurgence of “Boo Baskets.” We’ve seen the Stanley Cups, proudly displayed on an entire wall. We’ve seen the increase in influencer marketing, uptick of overconsumption, and destruction of our world in the name of profits.
It makes sense that a response to this late-stage capitalist materialism is a booming second-hand market. Is this industry a more ethical answer? Can we really turn to the last vestiges of communal support via garage sales and Buy Nothing Groups as a last resort?
Sami Womack, founder of A Sunny Side Up Life and budgeting coach, joins us to discuss the gentrification of thrifting, overconsumption and unfettered capitalist waste.
In this episode you’ll learn more about:
- The pros and cons of the second hand industry
- Why thrift store prices have ballooned (and where the blame heavily lies)
- Answering the question: Is thrifting ethical?
- Sami’s auctioneer and reselling background, how to get started thrifting and buying second hand + more
RESOURCES:
- 1:1 Financial Coaching Services
- Monthly Newsletter
- Blog
- Shop
- The Roundup: 47 Official Sustainable Fashion Statistics 2023
- The Dirty Truth About Thrift Stores
- The Environmental Crisis Caused By Textile Waste
- 10 Concerning Fast Fashion Waste Statistics
- What Happens To Recycled Clothes: How To Donate Second-Hand Clothing
FOLOW SAMI ON SOCIAL:
SHOW INFORMATION:
For Fox Sake is a personal finance podcast focused on helping you navigate late-stage capitalism through sustainable budgeting and realistic financial education. We actively deconstruct shame, share relatable finance stories, and discuss financial literacy in a way that makes sense for a 2024 world.
HOST BIO:
Vee Weir is an award-winning, anti-capitalist personal finance content creator and business owner. Her main focus and mission is to challenge common money myths, dismantle barriers preventing access to financial information and examine how capitalism negatively impacts the working class.
In the past 8 years, Vee has amassed a following of over 30k+ online and has been featured in Forbes, Business Insider, CNBC, and more.
When she’s not online she spends her time hiking with her husband and three dogs in the Rocky Mountains of Colorado.
HOST SOCIAL MEDIA:
DISCLAIMERS:
- This show may contain affiliate links or links from advertisers where we earn a commission, direct payment or products.
- Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice.
- The views and opinions expressed by guests on this platform are their own and do not reflect the views or opinions of the institutions with which they are affiliated. Any information provided by guests is intended for informational and discussion purposes only. It is important to note that individual perspectives may vary.
- The hosts and the platform do not endorse or validate the opinions expressed by guests regarding their respective institutions. Listeners are encouraged to independently verify any information provided and to form their own opinions based on a comprehensive consideration of various perspectives.
- Opinions are our own.
CREDITS:
Sticky Money Monday: Help, My Man Treats Me like a Wallet!?
INTRODUCING: Sticky Money Mondays! We are so excited to announce our new series "Sticky Money Mondays" - a weekly advice column where YOU give us a stick money situation you’re in. Whether your ex owes you money, your friend is asking you to fork for her wedding or your flatmate keeps stealing your oat milk - we are ready to give you our unfiltered advice.
For more Girls That Invest:
Till next week team, Sim & Sonya xo
--- Send in a voice message: https://podcasters.spotify.com/pod/show/girls-that-invest/message
Hosted on Acast. See acast.com/privacy for more information.
#9 Sober October + Fox Den Listener Q+A
Vee discusses how her 50 days of sobriety have gone, if she has an OnlyFans or not, and answers listener questions!
In this episode you’ll learn:
- What Vee is doing in her small business during the economic slow-down
- The most difficult part of being part of the online personal finance community
- Why “passive” income is bullshit
- Vee’s favorite part of the Halloween season + more
MENTIONED IN THE EPISODE/SOURCES:
- #8 Pay Transparency Laws And Hpw They Benefit Workers + Employers
- Fox Thoughts #1 My Last Drunk Night
- Quit Like A Woman by Holly Whitacker
- I Am Sober App (Apple)
- Weir Digital Marketing
RESOURCES:
SHOW INFORMATION:
For Fox Sake is a financial education and personal development podcast dedicated to deconstructing money shame, sharing money stories, and discussing the often “off-the-table” topics of life.
HOST BIO:
Vee Weir is an award-winning, anti-capitalist personal finance content creator and business owner. Her main focus and mission is to challenge common money myths, dismantle barriers preventing access to financial information and examine how capitalism negatively impacts the working class.
In the past 7 years, Vee has amassed a following of over 25k+ online and has been featured in Forbes, Business Insider, CNBC, and more.
When she’s not online she spends her time hiking with her husband and three dogs in the Rocky Mountains of Colorado.
HOST SOCIAL MEDIA:
DISCLAIMERS:
- This show may contain affiliate links or links from advertisers where I earn a commission, direct payment or products.
- Opinions are my own.
- Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice.
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