HerMoney with Jean Chatzky

Ep 420: What Financial Freedom Means For Millennials


Listen Later

Lately, have you been more intentional about the time you spend working? What about putting more effort into finding financial freedom? These are two hot-button topics with Millennials these days, particularly with regard to the time we spend working — specifically, the four-day workweek. 

About a month ago, Bernie Sanders proposed legislation that could make this the new reality for all of us. But Holly Trantham and her company, The Financial Diet, were ahead of the curve when they implemented a four-day workweek three years ago. Trantham joins us to talk about why they’ve never looked back, and how we can all realize a definition of financial freedom that works for us. 

In Mailbag, we hear from a listener who can’t seem to get past the first round of job interviews, and we dig into the finances of egg freezing. In our news of the week, we discuss why the Fed is flip-flopping on cutting interest rates this year, what the heck the Bitcoin “halving” means, and why starting a business may lead (counterintuitively) to less stress. 


Takeaways:

  • Implementing a four-day workweek can lead to happier workers, lower turnover, and greater efficiency.
  • Financial success should be measured by factors like financial stability, security, and the ability to live the life you want, rather than traditional markers like homeownership.
  • The happiness threshold, or the idea that once you make a certain amount of money, your happiness plateaus is not a one-size-fits-all concept.
  • Focusing on your future self and setting financial goals can provide motivation and a sense of security.
  • Community and relationships play a significant role in personal finance and can contribute to overall happiness and well-being.

  • Chapters:

    00:00:00 Introduction and Financial News Update

    05:05 The Four-Day Work Week

    08:09 Redefining Financial Success

    27:58 Focusing on Your Future Self

    35:25 The Importance of Community in Personal Finance


    Join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe!


    The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney.

    Please contact [email protected] if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com.

    Learn more about your ad choices. Visit megaphone.fm/adchoices

    ...more
    View all episodesView all episodes
    Download on the App Store

    HerMoney with Jean ChatzkyBy Jean Chatzky Her Money

    • 4.7
    • 4.7
    • 4.7
    • 4.7
    • 4.7

    4.7

    1,405 ratings


    More shows like HerMoney with Jean Chatzky

    View all
    Afford Anything by Paula Pant | Cumulus Podcast Network

    Afford Anything

    3,553 Listeners

    Money Girl by QuickAndDirtyTips.com

    Money Girl

    1,850 Listeners

    The Stacking Benjamins Show by StackingBenjamins.com | Cumulus Podcast Network

    The Stacking Benjamins Show

    1,990 Listeners

    Jill on Money with Jill Schlesinger by Audacy

    Jill on Money with Jill Schlesinger

    1,941 Listeners

    So Money with Farnoosh Torabi by Farnoosh Torabi

    So Money with Farnoosh Torabi

    1,948 Listeners

    Your Money, Your Wealth by Joe Anderson, CFP® & Alan Clopine, CPA of Pure Financial Advisors

    Your Money, Your Wealth

    809 Listeners

    Retirement Answer Man by Roger Whitney, CFP®, CIMA®, RMA, CPWA®

    Retirement Answer Man

    1,317 Listeners

    Retirement Starts Today by Benjamin Brandt CFP®, RICP®

    Retirement Starts Today

    523 Listeners

    ChooseFI by ChooseFI

    ChooseFI

    5,151 Listeners

    Stay Wealthy Retirement Podcast by Taylor Schulte, CFP®

    Stay Wealthy Retirement Podcast

    670 Listeners

    Suze Orman's Women & Money (And Everyone Smart Enough To Listen) by Suze Orman Media

    Suze Orman's Women & Money (And Everyone Smart Enough To Listen)

    328 Listeners

    Earn & Invest by Jordan Grumet (Doc G)

    Earn & Invest

    437 Listeners

    Ready For Retirement by James Conole, CFP®

    Ready For Retirement

    813 Listeners

    MoneyWatch with Jill Schlesinger by CBS News

    MoneyWatch with Jill Schlesinger

    426 Listeners

    Catching Up to FI by Bill Yount & Jackie Cummings Koski

    Catching Up to FI

    346 Listeners