Queer Money®: How Gay People Do Money

This week on the Queer Money podcast we're providing some advice based on a listener question or request for help. 

The listener feels like they are in a hopeless situation with their finances and want to know what they can do. 

Listen in as we provide 5 steps that can be taken when you feel like your finances are a train wreck. 

Get the FREE 7-Step Credit Card Debt Slasher guide

Get the Credit Card Debt Slasher Toolbox

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There's often an argument about whether there is such a thing as good debt versus bad debt. Either way, we know from the recent Motley Fool/Debt Free Guys LGBTQ+ Money Study that there is one type of debt LGBTQ folks aren't accumulating and that actually could be a bad thing for our wealth-building as a community. 

On this Queer Money bonus episode, we take a look at this type of debt that fewer LGBTQ folks have and chat about why and how this may be holding us back. Plus, as always we share solutions that could help more in the community reach for financial independence. 

Get more info/data from The Motley Fool/Debt Free Guys LGBTQ+ Money Study.

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One of our favorite parts of our job is all of the amazing, diverse people we get to meet, and today’s guest, CEO and founder of Euphoria.LGBT is one of those people.

With apps such as Bliss, Solace, Devotion and more coming soon, Euphoria is streamlining, simplifying and lowering the cost of transitioning for its users.

On this episode of Queer Money, we chat with Kate Anthony about her and  Eurphoria’s story and mission to help transgender folks not only live and transition easier, but to do it more efficiently and thus in a more affordable way, helping both her community, but also employers and our healthcare system. 

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Wealth is created by many by taking advantage of the tools and resources that financial services, including banking, investing and life insurance provide for their customers. 

So, why is wealth by and large elusive for LGBTQ folks? 

Recent data may be a big indication. 

On this Queer Money, we reflect on one of the most surprising pieces of data from this study. 

Listen is as we discuss how many LGBTQ folks feel about financial services. 

Get more info/data from The Motley Fool/Debt Free Guys LGBTQ+ Money Study.

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Ever spend to make yourself feel better, only to end up feeling bad or worse when you get the bill in the mail and start the cycle over again? Then you’ve experienced the debt depression spiral.

Want to learn how to break the cycle and avoid getting sucked into it altogether? 

We're breaking it down in this week's Queer Money. 

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What are you most afraid of when it comes to money? See if yours are the same as the two biggest financial fears for most LGBTQ+ folks.

Get more info/data from The Motley Fool/Debt Free Guys LGBTQ+ Money Study.

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The LGBTQ+ community needs leaders now as much as ever.

Are you that leader?

Ash Beckham shares how to be a leader every day on this Queer Money®.

Ash is the author of Step Up: How to Live with Courage and Become an Everyday Leader and joins us to talk about how each and every one of us can become an everyday leader. 

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We already shared on QM ep 339 that LGBTQ+ Americans are more likely, at 44%, to have a crypto wallet as we are a retirement account, and we talked about why we may have an affinity for crypto over traditional banking.

And we talked about the risks of forgoing some traditional banking products, but we didn’t share the other financial tools we are looking over - either in lieu of crypto or just all together.

On Queer Money episode 345, we're sharing some options we should be considering first and how we can do that as a community.

Get more info/data from The Motley Fool/Debt Free Guys LGBTQ+ Money Study.

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He's the App Kid! Known for developing his first app at 14 years old. He's also known for wanting to be adopted as the Native Son of both Peru and Bolivia. 

When it comes to money, Michael has a backstory that many of us are blown away by, since from the time he started earning money via his apps he basically was financing his family rather than enjoying or saving the money for himself. 

On this Queer Money, Michael shares his story, his fears and successes and what being a young gay man have to do with all of this. 

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On the previous bonus episode, 341, we talked mostly to those who don’t have a company-sponsored retirement plan, this week we’re talking mostly to those who do.

Per The Motley Fool/Debt Free Guys LGBTQ+ Money Study, when LGBTQ+ people have access to company-sponsored retirement plans, they’re most likely to contribute between 4% to 6%.

Is this enough? We discuss that on this bonus episode. 

Get more info/data from The Motley Fool/Debt Free Guys LGBTQ+ Money Study.

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

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