Queer Money®: How Gay People Do Money

How does having HIV or AIDS impact your finances?

In this episode of the Queer Money Podcast, hosts David and John explore the financial impact of living with HIV with Dr. Lorraine Dean, an associate professor of epidemiology at Johns Hopkins University.

Dr. Dean shares findings from her studies, highlighting the economic challenges faced by those diagnosed with HIV, such as additional healthcare costs, loss of employment, and lack of financial planning among those who expected shorter lifespans.

The discussion also covers the benefits of PrEP in preventing HIV and reducing future financial burdens. The episode emphasizes the need for universal healthcare and policy changes to support those living with chronic conditions, as well as the importance of addressing broader economic and social issues affecting the LGBTQ+ community.

For the resources and to connect with our guests, get the show notes at: https://queermoneypodcast.com/subscribe 

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How we started to win at retirement.

Less than 20 years ago, we had a negative net worth because of our $51k in credit card debt. Today, we have over $1MM in retirement savings.

How did we make that transformation?

This is Queer Money episode #541, and today we’re sharing how we went from buried in debt and living in a basement apartment to serial entrepreneurs w/a $1.3MM net worth for our “How Gays Retire Fabulously” bonus series. Now, on with the show.

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Understanding the Benefits of HSAs for Healthcare Savings

In episode 540 of the Queer Money Podcast, David and John discuss how Health Savings Accounts (HSAs) can help save money on healthcare costs. They provide a detailed explanation of what HSAs are, their benefits, and how they can reduce healthcare costs. Key topics include the tax advantages of HSAs, portability of accounts, who qualifies for HSAs, and how to open one. They also cover specific costs that can be paid using HSAs and give examples of their personal experiences with healthcare expenses.

Additionally, upcoming podcast topics and resources were mentioned, such as the financial impact of HIV and retirement planning for LGBTQ individuals.

Topics Covered

• 00:00 Dramatic Opening: Stop the Insanity
• 00:12 Introduction to Queer Money Podcast
• 01:58 Understanding Health Savings Accounts (HSAs)
• 04:54 Eligibility and Qualifying for an HSA
• 08:30 Contributions and Covered Expenses
• 11:29 Tax Advantages and Retirement Benefits
• 13:53 Where to Open an HSA Account

For the resources and to connect with our guests, get the show notes at: https://queermoneypodcast.com/subscribe 

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Download your FREE Queer Money Kickstarter a 9-step Guide to Kickstart Your Journey to Financial Independence

Are Gays Losing at Retirement?

Data suggests that the LGBTQ+ community is falling further and further behind the general population when it comes to retirement planning and saving for the future, yet as a community, we are seeing more of us close the wage gap.

What can we do to better prepare for and win at retirement?

This is Queer Money episode 539 and this week we are kicking off a new series focused on helping you retire fabulously, whether that be 5 years or 55 years away.

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Download your FREE Queer Money Kickstarter a 9-step Guide to Kickstart Your Journey to Financial Independence

What is financial fawning and why do I need to be cautious about it?

In this episode of the Queer Money® Podcast, David and John share a personal story of feeling compelled to make a significant donation despite financial constraints. The story leads the two into an interview with writer and personal finance educator Jackie Lam, who discusses the challenges of balancing financial expectations, and community and family obligations with personal financial goals. The three discuss the concept of 'financial fawning,' setting boundaries for charitable giving, and creating a budget that accommodates both planned and spontaneous generosity. Jackie also shares her personal journey of addressing cultural and familial pressures while working towards her goal of semi-retirement in her 50s.

Topics Covered on financial fawning

• A Night at the LGBTQ Event
• Introducing Jackie Lam
• The Pressure to Help Family
• Cultural and Familial Expectations
• Financial Fawning and Personal Boundaries
• Balancing Generosity and Financial Goals
• The Invisible Pain of Financial Struggles
• Personal Finance and Hidden Wealth
• Understanding Financial Anxiety
• Generosity and Financial Boundaries
• Planned and Spontaneous Giving
• Community and Personal Joy
• Conclusion and Contact Information

For the resources and to connect with our guests, get the show notes at: https://queermoneypodcast.com/subscribe 

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Diversity is the spice of life and makes our cities better!

But what are the best cities that are both diverse when it comes to race, age, income and levels of education?

This is Queer Money episode 537, and today we're breaking the top 7 most diverse cities for queer folks.

• Get the dynamic list of Affordable LGBTQ+ Friendly Cities in the U.S. here. 
• Watch this week's episode on Youtube
• Watch last week's episode on Youtube
• Don't miss the other states we've covered in this Gay Cities series

Past episodes mentioned in this episode:

• 381: The Series Kick Off
• 433: Top 10 Cities Part 1
• 485: Top 10 Cities Part 2
• 385: Wisconsin
• 397: Texas
• 407: Pennsylvania
• 419: New York
• 467: Florida
• 459: Illinois
• 487: Top Surprises
• 497: Blue States
• 499: Purple States
• 501: Red States

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Want to make even more out of your MBA?

In this episode of Queer Money, David and John welcome Aidan Currie, Executive Director of Reaching Out MBA (ROMBA), to discuss how their organization supports LGBTQ+ MBA students and professionals. Reaching Out MBA is dedicated to empowering LGBTQ+ individuals through networking opportunities, such as their annual ROMBA conference, which boasts a high success rate for job and internship placements.

The episode explores the importance of networking, the changing office culture post-pandemic, and how ROMBA fosters a supportive environment for career growth. Additionally, David, John, and Aidan delve into events like the Out Women in Business conference and the PRISM program for experienced professionals, emphasizing the value of building a strong queer professional network.

Topics Covered

• 00:00 Introduction: Unlocking Career Potential
• 01:44 Guest Introduction: Aidan Curry from Reaching Out MBA
• 02:49 The Power of Networking and Conferences
• 03:15 Navigating the Post-Pandemic Work Environment
• 05:40 The Importance of In-Person Connections
• 09:32 Unique Value of Queer Networking
• 16:50 Reaching Out MBA: Programs and Opportunities
• 21:52 PRISM: A New Initiative for Experienced Professionals
• 23:56 Personal Stories and Career Advice
• 34:46 Conclusion and Contact Information

For the resources and to connect with our guests, get the show notes at: https://queermoneypodcast.com/subscribe 

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Download your FREE Queer Money Kickstarter a 9-step Guide to Kickstart Your Journey to Financial Independence

Are you a queer young professional looking for a great city for your career and lifestyle?

Want your career to take off? Want to be in a city that both has it for your career and has if for your community?

This is Queer Money episode 535, and today we're breaking the top 7 best places for young LGBTQ+ professionals.

• Get the dynamic list of Affordable LGBTQ+ Friendly Cities in the U.S. here. 
• Watch this week's episode on Youtube
• Watch last week's episode on Youtube
• Don't miss the other states we've covered in this Gay Cities series

Past episodes mentioned in this episode:

• 381: The Series Kick Off
• 433: Top 10 Cities Part 1
• 485: Top 10 Cities Part 2
• 389: Washington
• 391: Virginia
• 407: Pennsylvania
• 413: Ohio
• 465: Georgia
• 459: Illinois
• 487: Top Surprises
• 497: Blue States
• 499: Purple States
• 501: Red States

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• Queer Money YouTube
• Queer Money Instagram
• Queer Money on Tiktok

How do you turn your passion into a million dollar brand?

In this episode of the Queer Money Podcast, David and John talk with Charisse and Vicky Pasches, founders of the all gender fashion brand Dapper Boi. The guests share their journey from identifying a problem in finding fitting and inclusive clothing to creating their own solution with an all-gender, size-inclusive fashion line.

Highlighting appearances on shows like Shark Tank and CBS Morning Show, Charisse and Vicky discuss the mission of Dapper Boi, overcoming challenges such as lack of industry background and financial hurdles, and the impact of fostering inclusivity in fashion.

They also delve into personal stories, including their efforts in bootstrapping the company, the sacrifices made such as selling their home, and the important role of confidence and authenticity in building their business. The episode is a blend of entrepreneurial insights, personal anecdotes, and inspirational achievements in the quest to revolutionize the fashion industry.

Topics Covered

• Introduction to Charisse and Vicky Pasches
• Meet the Founders of Dapper Boi
• The Mission of Dapper Boi
• Challenges in the Fashion Industry
• Kickstarting the Dream
• Personal Sacrifices and Commitment
• Impact and Customer Stories
• Fundraising Challenges and Strategies
• Crowdfunding Success and Investor Lessons
• Facing Bias and Finding Authentic Connections
• Financial Realities of Running a Business
• Navigating Investor Relationships
• Personal Reflections and Future Goals
• Closing Thoughts and Social Media

For the resources and to connect with our guests, get the show notes at: https://queermoneypodcast.com/subscribe 

Follow us:

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Download your FREE Queer Money Kickstarter a 9-step Guide to Kickstart Your Journey to Financial Independence

What are the most affordable LGBTQ+-friendly cities for renters?

More and more of us are living a mobile life. We want the flexibility to live and work in places that make us happy and can help our careers. For many this means having very few attachements like a mortgage and a house.

If you're living a mobile and flexible lifestyle, but also want to watch your budget to save for things like travel, life events or for a down payment for a future home, we've got you covered.

This is Queer Money episode 533, and today we're breaking the top 10 best places for LGBTQ+ renters.

• Get the dynamic list of Affordable LGBTQ+ Friendly Cities in the U.S. here. 
• Watch this week's episode on Youtube
• Watch last week's episode on Youtube
• Don't miss the other states we've covered in this Gay Cities series

Past episodes mentioned in this episode:

• 381: The Series Kick Off
• 433: Top 10 Cities Part 1
• 485: Top 10 Cities Part 2
• 385: Wisconsin
• 407: Pennsylvania
• 413: Ohio
• 435: Missouri
• 445: Maryland
• 455: Iowa
• 459: Illinois
• 481: Alaska
• 487: Top Surprises
• 497: Blue States
• 499: Purple States
• 501: Red States

Follow us:

• Queer Money YouTube
• Queer Money Instagram
• Queer Money on Tiktok