Money Glow Up with Tiffany Aliche

In this week’s episode of Money Glow Up, host Tiffany Aliche welcomes Robert Powell, the host of Yahoo Finance’s Decoding Retirement, to explore how to prepare for retirement effectively.

According to Powell, while retirement is achievable, the path to it varies significantly based on income level and your ability to fund retirement savings to meet your desired standard of living.

“If you're in the highest income quintile, you're fine. You're more than likely saving enough for retirement. If you're in the lowest income quintile, most of your pre-retirement income will be replaced by Social Security,” Powell explains. However, “ if you're in the middle-income quintiles, those are the people that need to worry about whether retirement is attainable or not.

Tiffany Aliche creates a space to share real and inspiring money stories, learn financial fundamentals, and build your future. Step into the classroom with Money Glow Up with Tiffany Aliche—aka The Budgetnista—to jump-start your financial journey.

Have a money story of your own? Questions? Fan mail? Email us at [email protected].

Find this episode's transcripts and more episodes of Money Glow Up at http://finance.yahoo.com/videos/series/money-glow-up/.

Not only is Robert Powell the host of Yahoo Finance’s podcast Decoding Retirement, but Bob is also editor-in-chief of the Investments and Wealth Institute's (IWI) Retirement Management Journal, the world's first peer-reviewed journal solely dedicated to retirement income. On top of that, Bob is both a Certified Financial Planner and Retirement Management Adviser certificant.

Yahoo Finance's Money Glow Up is hosted by Tiffany Aliche, and produced by Shelby Boamah.

In this week’s episode of Money Glow Up, host Tiffany Aliche speaks to Ashely M. Fox, the founder and CEO of the fintech startup Empify, to dive into how we can shift our mindset around wealth and start taking practical steps toward financial security.

Fox founded Empify in 2013 to provide accessible financial education and resources to the 99% of individuals who are often overlooked by Wall Street. According to Fox, building wealth starts with a simple, yet powerful, shift: changing how we think about money.

“There's a mental barrier that stops us from believing we deserve to have wealth,” Fox explains.

Tiffany Aliche creates a space to share real and inspiring money stories, learn financial fundamentals, and build your future. Step into the classroom with Money Glow Up with Tiffany Aliche—aka The Budgetnista—to jump-start your financial journey.

Have a money story of your own? Questions? Fan mail? Email us at [email protected].

Find this episode's transcripts and more episodes of Money Glow Up at http://finance.yahoo.com/videos/series/money-glow-up/.

Ashley M. Fox is not only a former Wall Street analyst, she is also an award-winning financial expert on a mission to create more accessible investing education for the 99%, that Wall Street often overlooks. Not to mention she is a Howard grad and CEO of Empify, a site that “providing the knowledge you need with the support you deserve.”

Yahoo Finance's Money Glow Up is hosted by Tiffany Aliche and produced by Shelby Boamah.

In this week’s episode of Money Glow Up, host Tiffany Aliche speaks to financial journalist and financial behavior expert Stacey Tisdale to explore the best pathways to building wealth: real estate or the stock market.

Tisdale takes a holistic approach to wealth building, which begins with exploring your definition of wealth. Once you’ve defined wealth, the next step is to ”align your goals with your spending choices,” Tisdale said. “If this is what I would want my life to look like, what's that really going to cost me? Figure out what that number is, and that'll give you the motivation.”

Tiffany Aliche creates a space to share real and inspiring money stories, learn financial fundamentals, and build your future. Step into the classroom with Money Glow Up with Tiffany Aliche—aka The Budgetnista—to jump-start your financial journey.

Have a money story of your own? Questions? Fan mail? Email us at [email protected].

Find this episode's transcripts and more episodes of Money Glow Up at http://finance.yahoo.com/videos/series/money-glow-up/.

Stacey Tisdale is a veteran TV broadcast financial journalist and financial behavior expert. She’s the co-host of the personal finance show Wealth Wednesdays with IHeartMedia, Power 105.1 Breakfast Club, and Angela Yee.

Yahoo Finance's Money Glow Up is hosted by Tiffany Aliche, and produced by Shelby Boamah.

In this week’s episode of Money Glow Up, host Tiffany Aliche speaks to Michael Liersch, head of Advice and Planning for Wealth and Investment Management at Wells Fargo. Liersch offers insight for managing financial stress, budgeting, and why people so often find themselves financially strapped during the holidays.

Tiffany Aliche creates a space to share real and inspiring money stories, learn financial fundamentals, and build your future. Step into the classroom with Money Glow Up with Tiffany Aliche—aka The Budgetnista—to jump-start your financial journey.

Have a money story of your own? Questions? Fan mail? Email us at [email protected].

Find this episode's transcripts and more episodes of Money Glow Up at http://finance.yahoo.com/videos/series/money-glow-up/.

01:25 - Michael Liersch joins Money Glow Up

02:05 - Liersch's background in cognitive psychology

02:50 - Most common holiday financial stressors

03:43 - How cognitive psychology explains holiday debt

04:37 - How to manage holiday stress

05:58 - Budgeting for holiday gifts

13:19 - Best practices for credit card use

14:49 - Financially preparing for the new year

15:39 - Having a financial accountability partner

16:28 - Tips for decreasing financial anxiety

18:35 - Liersch's holiday gift nostalgia

20:15 - Why you should talk openly about money

20:49 - Takeaways

Yahoo Finance's Money Glow Up is hosted by Tiffany Aliche, and produced by Lauren Pokedoff and Shelby Boamah.

In this week’s episode of Money Glow Up, host Tiffany Aliche speaks to career expert and executive coach Laura Gassner Otting to explore whether trade school or college is the better financial choice, diving into the benefits of each path.

Gassner Otting explains that while college graduates may earn more over the course of their careers, trade school graduates start earning earlier — and without the burden of student loan debt. “They’re graduating without debt, and people coming out of trade schools immediately start usually earning union-protected wages,” Gassner Otting says.

Tiffany Aliche creates a space to share real and inspiring money stories, learn financial fundamentals, and build your future. Step into the classroom with Money Glow Up with Tiffany Aliche—aka The Budgetnista—to jump-start your financial journey.

Have a money story of your own? Questions? Fan mail? Email us at [email protected].

Find this episode's transcripts and more episodes of Money Glow Up at http://finance.yahoo.com/videos/series/money-glow-up/.

00:00 - Laura Gassner Otting joins Money Glow Up

02:36 - What is a trade?

04:09 - Gen Z redefining success  

05:34 - Financial benefits of attending trade school

06:38 - Financial benefits of attending college

12:49 - Venture Capital investment in trade schools

13:21 - Factors to consider when shifting directions in your career

15:33 - GassnerOtting on her career trajectory and shaping AmeriCorps

17:35 - Pivoting after establishing a career

19:20 - Gassner Otting on the coin flip study

21:42 - Takeaways

Laura Gassner Otting is a career expert, bestselling author of three books, serial entrepreneur, executive coach, and keynote speaker. She’s an instigator, a motivator, and a provocateur, and she’s never met a revolution she didn’t like.

Yahoo Finance's Money Glow Up is hosted by Tiffany Aliche, and produced by Lauren Pokedoff and Shelby Boamah.

Who hasn't been caught off guard by an unexpected expense: a flat tire, a leaky roof, a broken appliance, or a lot worse. For many, the short-term answer is a credit card. But for most, having an emergency fund would be ideal. So, how can you start preparing for unexpected expenses?

In this week’s episode of Money Glow Up, host Tiffany Aliche speaks to Tanya Talyor, financial coach and CPA, about how to build an emergency fund even if you’re already on a tight budget.

Tiffany Aliche creates a space to share real and inspiring money stories, learn financial fundamentals, and build your future. Step into the classroom with Money Glow Up with Tiffany Aliche—aka The Budgetnista—to jump-start your financial journey.

Have a money story of your own? Questions? Fan mail? Email us at [email protected].

Find this episode's transcripts and more episodes of Money Glow Up at http://finance.yahoo.com/videos/series/money-glow-up/.

00:00 - Tanya Taylor joins Money Glow Up

03:26 - The ideal amount of money for an emergency fund

06:14 - How to free up money for an emergency fund

07:34 - Ideal places to keep an emergency fund

13:26 - How to build an emergency fund faster

22:05 - Takeaways

Tanya Taylor is a Financial Coach and author with a background in wealth building and financial education. Taylor has spent over two decades helping people plan for a secure financial future.

Yahoo Finance's Money Glow Up is hosted by Tiffany Aliche and produced by Lauren Pokedoff and Shelby Boamah.

Negotiating skills are a valuable tool that can affect all areas of your life, especially regarding the amount of money in your pocket. While it can be scary, negotiating in your career is one way to increase your net worth.

In this week’s episode of Money Glow Up, our host, Tiffany Aliche, speaks to Mandi Woodruff-Santos, financial expert and founder of the career coaching practice Mandi Money, about how to improve your negotiation skills and how not to leave money on the table.

Tiffany Aliche creates a space to share real and inspiring money stories, learn financial fundamentals, and build your future. Step into the classroom with Money Glow Up with Tiffany Aliche—aka The Budgetnista—to jump-start your financial journey.

Have a money story of your own? Questions? Fan mail? Email us at [email protected].

Find this episode's transcripts and more episodes of Money Glow Up at http://finance.yahoo.com/videos/series/money-glow-up/.

1:38 -Guest joins Money Glow Up

2:38 - Characteristics of a good negotiator

4:16 - Negotiate early 

7:11 - Assess your job market value

9:07 - Negotiate severance 

15:54 - Negotiating misconceptions

17:51 - Negotiating with leverage 

18:57 - Takeaways

Mandi Woodruff-Santos is an award-winning career coach, personal finance expert, speaker, writer, and co-host of the Brown Ambition Podcast.

Yahoo Finance's Money Glow Up is hosted by Tiffany Aliche, and produced by Lauren Pokedoff and Shelby Boamah.

No matter if it is a larger scale like a presidential election or smaller local election, it is every American’s civic duty to vote. Not only does every vote matter, but voting impacts everything, especially your bank account.

In this week’s episode of Money Glow Up, our host Tiffany Aliche speaks to New Jersey State Sen. Angela V. McKnight, a Democrat, about the importance of voting, and how participating in elections can directly impact your bottom line.

“Voting has a huge impact on your bank account,” Sen. McKnight says.

By casting your vote in elections, you have the potential to elect officials who can enact legislation that affects things like the federal minimum wage rate, student loan debt forgiveness, home values, and many other things that could impact the amount of money in your pocket. If loans are forgiven, or the minimum wage gets lifted, that’s more money directly in your pocket that you can put towards other areas in your life.

Your ability to enact change on a political level that impacts your own finances can extend beyond voting in elections, too. It’s possible to work with elected officials to help pass legislation, much like Aliche did with her “Budgetnista” law, or you can even run for office yourself! Your voice matters, and by voting and getting involved in politics, you can make a difference to your life, your community, and your bottom line.

Together with Yahoo Finance, Tiffany Alice creates a space to share real and inspiring money stories, learn financial fundamentals, and build your future. Step into the classroom with Money Glow Up every Thursday at 12pm ET with Tiffany Aliche —aka The Budgetnista—to jump-start your financial journey.

Have a money story of your own? Questions? Fan mail? Email us at [email protected].

Find this episode's transcripts and more episodes of Money Glow Up at http://finance.yahoo.com/videos/series/money-glow-up/.

Yahoo Finance's Money Glow Up is hosted by Tiffany Aliche, and produced by Lauren Pokedoff

Though we try our best to avoid them, financial mistakes happen. According to a report from the National Financial Educators Council, a lack of financial knowledge cost Americans on average $1500 per person per year! Whether it be from poor budgeting, overusing credit cards, careless spending, or whatever negatively impacts your wallet, financial mistakes can pile up and trying to improve your situation can feel insurmountable. But have no fear, we’re here to help!

In this week’s episode of Money Glow Up, our host Tiffany Aliche speaks to Jamila T. Davis, author, educator, activist, and entrepreneur, about financial mistakes and whether or not people are able to recover from them. Davis speaks of her experience firsthand, as her financial errors led her to a 12-year prison sentence where she lost everything. Not only did Davis use this experience to learn from her mistakes, but she used what she learned about business and finances, as well as her entrepreneurial spirit, to hustle and rebuild her wealth in just seven years.

“You can come back from everything,” Davis says. After being given a second chance she believes hard work, entrepreneurship, and creating and sticking to a plan can make all the difference.

“Get wise, create the plan, and then stay focused and execute.”

Together with Yahoo Finance, Tiffany Alice creates a space to share real and inspiring money stories, learn financial fundamentals, and build your future. Step into the classroom with Money Glow Up every Thursday at 12pm ET with Tiffany Aliche —aka The Budgetnista—to jump-start your financial journey.

Money Glow Up is produced by Rachael Lewis-Krisky & Lauren Pokedoff.

Tiffany Aliche creates a space to share real and inspiring money stories, learn financial fundamentals, and build your future. Step into the classroom with Money Glow Up with Tiffany Aliche—aka The Budgetnista—to jump-start your financial journey.

Have a money story of your own? Questions? Fan mail? Email us at [email protected].

Find this episode's transcripts and more episodes of Money Glow Up at http://finance.yahoo.com/videos/series/money-glow-up/.

2:30 - 4:00 Jamila’s backstory - how lack of financial knowledge lead to 12.5 years in prison

5:20 - 6:00 What Davis wishes she knew when she was young

6:00 - 9:28 Ways young people should build their wealth

10:37 - 11:50 How Davis rebuilt her wealth following her prison sentence

13:18 - 14:45 Wisdom for people who feel like they’ve made big financial mistakes.

17:49 - 19:49 What society could do to make financial literacy easier and more accessible 

21:41 - 22:38 Takeaways

Jamila T. Davis is an author, educator, community activist and entrepreneur.

Yahoo Finance's Money Glow Up is hosted by Tiffany Aliche, and produced by Lauren Pokedoff

In today’s day and age, everyone is trying to get ahead financially. But what are the best ways to do it? With nearly 80% of adults seeking financial advice from social media, in which 74% of that content is filed with either ‘dangerous’ or ‘unregulated’ financial advice according to a study by MoneySuperMarket, how can people build their wealth and do it safely? Is there such a thing as a ‘wealth hack’ and can people actually do them? The short answer is yes! We get into it.

In this week’s episode of Money Glow Up, our host Tiffany Aliche speaks to Vivian Tu, Founder and CEO of Your Rich BFF, about the good and bad of financial literacy on social media and the reality of seeking legitimate advice on how to build your wealth. “It’s important to vet who you’re following, who you’re listening to, and know that they’re not going to encourage you to do something that could get you into a lot of trouble,” Tu stresses.

As for hacking herself into wealth, Tu reveals some of her favorite tips and tricks everyone could and should do in order to build their wealth.

Tiffany Aliche creates a space to share real and inspiring money stories, learn financial fundamentals, and build your future. Step into the classroom with Money Glow Up with Tiffany Aliche—aka The Budgetnista—to jump-start your financial journey.

Have a money story of your own? Questions? Fan mail? Email us at [email protected].

Find this episode's transcripts and more episodes of Money Glow Up at http://finance.yahoo.com/videos/series/money-glow-up/.

2:53 - 3:05 What is a wealth hack?

5:30 - 6:45 Identifying bad wealth hacks

7:32 - 12:22 Tu’s Top Three Wealth Hacks

12:53 - 14:09 Tu’s Wealth hack that changed someone’s life

14:18 - 19:29 How Tu went from Wall Street to a media star

19:45 - 21:33 The new faces of financial education

21:35 - 23:00 Takeaways

Vivian Tu is a former Wall Street trader turned expert, public speaker, host, entrepreneur, New York Times bestselling author and founder and CEO of the multi-platform brand, Your Rich BFF. 

Yahoo Finance's Money Glow Up is hosted by Tiffany Aliche, and produced by Lauren Pokedoff, with this episode co-produced by Rachael Lewis-Krisky.