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    On Birkins and Knowing When to Walk Away with Sofia Franklyn

    enAugust 06, 2023

    Podcast Summary

    • Monetizing what you have and understanding worthExplore side hustles like Airbnb, understand your worth, and consider empowering options like sex work. Normalize conversations around taboo subjects for financial empowerment.

      Monetizing what you already have, such as your home through Airbnb, can be an easy and effective side hustle. Sofia, a successful podcast host and financial expert, emphasizes the importance of understanding and asking for your worth, especially in today's "great resignation" era. She also shares her belief that sex work, such as OnlyFans and sugaring, can be empowering. Another key point from the discussion is the importance of normalizing conversations around taboo subjects, including money and sex. Overall, the conversation highlights the various ways individuals can take control of their financial situation and find empowerment in unexpected places.

    • Women's Sexuality and the WorkplaceWomen may use their sexuality as a tool to advance in the workplace, but there's a double standard and it's essential to ensure consent and comfort are prioritized.

      Women face disadvantages in the workplace and may choose to use their sexuality as a tool to get ahead. This can take various forms, from being flirty to creating an OnlyFans account or becoming a sugar baby. The speaker believes that these choices can be empowering, as long as they are consensual and the individual is comfortable with it. However, there is often a double standard when it comes to discussing and judging different forms of sexual work. The speaker herself acknowledges that she engages in a form of sex work through her explicit podcast. Despite facing criticism, she remains unapologetic and continues to express her opinions freely. Overall, the discussion highlights the complexities and nuances surrounding women's sexuality and the workplace.

    • From explicit sex talk to addressing various topicsAlex Cooper has evolved from her early days of explicit sex talk on Call Her Daddy to addressing various topics like anxiety, mental health, and finance, showing progress and not being perfect.

      Alex Cooper, a podcasting veteran, has evolved significantly over the years in her content and approach. Despite facing constant criticism, especially from her family, she has grown from her early days of explicit sex talk on Call Her Daddy to addressing various topics like anxiety, mental health, and finance. Her evolution is not just about shock value but also about progress and not being perfect. It's important to remember that her podcast is not just about sex and that she has moved on from past drama. Cooper started in podcasting while working in finance and took an opportunity to pursue it full-time. The experience taught her valuable lessons, which she has since applied to her career.

    • Advocating for yourself is key to career successSpeak up for your worth, even if it's scary or intimidating, to secure better opportunities and compensation.

      Knowing your worth and advocating for yourself is crucial, as demonstrated by the speaker's journey from a low-level finance job to a successful podcast host. Although she initially worked in finance, she felt undervalued and underpaid, leading her to start a podcast with her roommate as a side project. The podcast gained popularity, and she was offered a better opportunity, allowing her to leave her finance job and focus on her podcast full-time. However, she eventually felt undercompensated and underappreciated in that role, prompting her to start her own media company and podcast. The speaker emphasizes that no one will fight for your worth as fiercely as you will. She encourages listeners to be proactive in advocating for themselves, even if it feels scary or intimidating. By sharing her personal experiences, the speaker offers valuable insights for anyone seeking advice on negotiating job offers, raises, or other professional opportunities.

    • Emphasizing self-advocacy for career growth and financial well-beingAdvocate for yourself, negotiate salaries, explore side hustles, use LinkedIn Jobs, and believe in your worth to achieve personal and financial growth

      Individuals are responsible for their own career growth and financial well-being. The speaker emphasized the importance of advocating for oneself and not accepting less than what one deserves. This can involve negotiating salaries or exploring side hustles like hosting on Airbnb to monetize existing assets. The speaker also shared the benefit of using LinkedIn Jobs for hiring qualified candidates who might not be actively searching for new opportunities. Ultimately, it's essential to have confidence in one's worth and value, and not let fear or lack of understanding hold back personal and financial growth.

    • Discovering the value of your intellectual propertyUnderstanding your worth and negotiating fair deals requires knowledge and experience. Recognize the correlation between listenership and worth to secure better deals.

      Understanding your worth and negotiating fair deals requires experience and knowledge. The speaker learned this lesson when they discovered they were not being paid what they deserved for their podcast, despite its popularity. They realized that the correlation between listenership and worth was significant, and they vowed to own their intellectual property and approach negotiations more knowledgeably in the future. The speaker acknowledged that learning as you go and making mistakes are inevitable, but having a solid foundation of knowledge and understanding your value can lead to better outcomes. They compared the process to climbing or swinging, suggesting that progress may not always be linear but can lead to greater heights over time.

    • From setbacks to success storiesSetbacks and challenges can lead to personal growth, new skills, and unexpected opportunities. Recognize the silver linings and take pride in the lessons learned.

      Setbacks and challenges in life and career can lead to significant growth and unexpected opportunities. The speaker, Nicole, shared her personal experience of going through a difficult time in her career, which initially felt devastating but ultimately led to new skills, increased mental tenacity, and the creation of a successful business. She emphasized that these experiences make us more equipped to handle future challenges and enable us to approach negotiations and business deals with renewed confidence. Furthermore, she highlighted the importance of recognizing the silver linings in difficult situations and taking pride in the lessons learned. Additionally, she touched upon the investment value of luxury items like Birkin bags, which can appreciate over time.

    • Turning negativity into positivityEmpower yourself by owning your narrative and turning negative experiences into opportunities for growth and success.

      Turning lemons into lemonade, or negativity into positivity, can lead to empowerment and success. Nicole shared her experience of a viral TikTok that led to unwanted media attention, but she turned it into an opportunity to create and sell merchandise with the slogan "I Have Options." Misty admired Nicole's ability to own her narrative and use it to her advantage. In the world of investments, bonds are known for holding their value, much like how Nicole holds her value and empowers others to do the same. Whether it's through material items like merchandise or intangible assets like self-confidence, owning one's story and turning it into something positive is a powerful move.

    • Finding Inspiration from Negative SituationsDespite negativity from others, focus on personal growth and progress, and remember everyone faces struggles.

      No matter how negatively someone may try to impact us, there's always an opportunity to turn the situation around and find inspiration in it. The speaker in this discussion, inspired by the hateful message left in her book, decided to embrace the situation and use it as motivation to share her story further. She encourages us to focus on our own growth and not get bogged down by the negativity of others. Additionally, she reminds us that everyone has their own struggles and issues, and instead of dwelling on hate or negativity, we can choose to focus on our own progress and development. For more practical advice on this topic, check out Money Rehab episode 56, "how to get a raise you deserve without costing me your job," linked in the show notes. Remember, investing in yourself is the best way to get it all together.

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