Essential change is needed today for Black women in corporate America. How can we bridge the racial wealth gap and tackle the challenges Black women face in their careers, with retirement, and building wealth? FIRE coach Dr. Lakisha Simmons tells us how we can use this transition period in corporate America to ensure that more Black women are elevated to the C-suite, secure higher salaries, and invest. In Mailbag, we discuss paying down credit card debt before getting married, and how much to save for a new baby. In Thrive, how to invest in art. 
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Ep 308: The Change Black Women Need Now

Anyone who tells you women don’t need financial advice specifically for them is wrong. Women, whether they’re the caretakers, the breadwinners, or both, face a unique set of financial challenges. That’s where HerMoney comes in. In her frank, often funny, but always compassionate way, Jean Chatzky takes every audience of women through the steps they need to take today to live comfortably (and worry-free) tomorrow, offering the latest research, expert tips and personal advice. Want more money news when you need it? Get the latest and greatest updates on all things investing, budgeting, and making money. Subscribe to the HerMoney newsletter at HerMoney.com/subscribe!

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In this special Mailbag edition, Jean and Kathryn Tuggle, HerMoney CCO, are on the mic answering questions from our listeners. First, we hear from a recently retired listener who has all of her money in Certificate of Deposits (CDs) and is wondering what to do next. We also hear from someone who is looking for resources that can help teach her three kids about money. 

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

Takeaways:

A financial advisor can help you understand your current investments and make your money last in retirement 

Work with a fee-only financial advisor who is not paid by commissions for selling specific investments

Teaching kids about money involves teaching them about investing and managing the money they have.

Setting up a system like an electronic allowance can help kids learn how to budget and make choices with their limited resources.

Kids should learn the value of money, how to budget, and how to save


Chapters:
00:00 Introduction
04:50 The Benefits of Daily Money Managers
06:52 Financial Advisor Recommendations 
09:17 Teaching Kids About Personal Finances
12:08 Opportunities for Kids to Earn and Manage Money
13:21 Teaching Kids About Credit and Investing

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 advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com.
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Mailbag: Financial advice for the recently retired, plus resources for teaching your kids about money.

Eleven years ago, Sheryl Sandberg’s “Lean In” hit the shelves and became an instant hit. Her feminist manifesto encouraged women to stop holding themselves back from working to reach positions of power and instead lean on other women’s experiences to help them. Now, many women are pushing back on the “lean in” approach that placed so much responsibility on individual women rather than the societal and economic structures around them. They’re also questioning if they really want to have it all in the first place. 

In her new book: “Fair Shake: Women And The Fight To Build A Just Economy,” Naomi Cahn and her coauthors explore why our “winner takes all” economy is the root cause of women’s continued economic inequality rather than our individual actions. She also talks solutions, starting with making deeper connections in our communities and reaching out to them for support when we need it. 

﻿In Mailbag, we hear from a listener who’s feeling burned out in the healthcare field but knows her coworkers are already short-staffed and doesn't want to leave them in a bind, and Jean’s daughter Julia answers a listener's question on where to find friends that are as career-oriented as she is. 
Chapters:
00:00:00 - Introduction
00:03:12 - Interview with Naomi Khan
00:07:51 - Winner Take All Economy
00:10:18 - Intersection of Feminist Theory and Workplace Progress
00:14:43 - The Triple Bind Women Face in the Workplace
00:17:47 - Strategies for Women to Navigate Career Challenges
00:28:08 - Solutions to Combat the Winner-Take-All Economy
00:33:17 - Mailbag Segment Begins

Takeaways: 

The gender wage gap remains a persistent issue, with women earning an average of 82% of what men earn.

The winner-take-all economy, characterized by income inequality and a focus on individual financial success, holds women back in the workplace.

Feminist theory is essential in addressing gender equity and dismantling the structures that perpetuate inequality.

Systemic changes, such as increasing transparency, strengthening laws, and investing in individuals and communities, are necessary to build a just economy.


More money news when you need it! Get the latest and greatest updates on all things investing, budgeting and making money. Subscribe to the HerMoney 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 advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com.
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Ep 421: Redefining Success In the Winner-Take-All Economy

In this special Mailbag edition, we hear from a listener whose daughter is getting her first summer job. She’s wondering if it’s best to put the money in a high-interest savings account, or a Roth IRA. We also hear from someone who subscribes to the FIRE movement (Financial Independence, Retire Early) and is so focused on saving that she’s not able to keep money in an emergency account for true emergencies. 
In our news of the week, some steps you can take if you’ve been waiting weeks (or months) for your tax refund and why eating out may be your biggest budget-killer. 
Join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe!
Takeaways:

Consider opening a Roth IRA for a teenager with earned income to take advantage of potential higher growth.

A homegrown 401k can be a way to provide access to money for immediate needs while still saving for the future.

Separate your money into different accounts with barriers to prevent easy access.

Set up a separate account for vacations to pre-fund trips and avoid using credit cards.

Loosen your grip on your financial goals and allow yourself to enjoy life today.


Chapters:
00:00:00 - News of the Week
00:03:08 - Benefits of Opening a Roth IRA for Your Kid
00:11:08 - Advice on Managing a High-Yield Savings Account
00:11:45 - FIRE Movement and Emergency Funds
00:18:12 - Setting Up Separate Savings Accounts for Different Goals
00:21:04 - Balancing Financial Independence with Living for Today
00:25:07 - Final Thoughts

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 advertising@airwavemedia.com 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

Mailbag: The best place to keep summer job money, plus how to keep an emergency fund.

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 advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com.
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Ep 420: What Financial Freedom Means For Millennials

A recent essay in the Wall Street Journal made the case that women are both happier — but also overall but sadder — in our daily lives than men are. Why? We’re juggling countless competing priorities on our never-ending to-do lists, including managing our jobs, wrangling our kids' schedules, and keeping up with everything at home. 
Betsey Stevenson, economist and professor at the University of Michigan, has conducted groundbreaking research in this field. She joins us to talk about why women’s happiness has been on the decline since the 1970s — despite so many great strides for women’s equality since then. And while we have her, we also do a mini-economic check-in for 2024. What’s really going on in America’s economy right now? 
Use the code "PODCAST" TO GET $100 OFF OF OUR FINANCEFIXX PROGRAM: https://hermoney.com/shop/product/financefixx-finance-coaching-program-by-jean-chatzky/
Takeaways:

Women's happiness has been declining despite progress in women's equality.

Women constantly make trade-offs and face challenges in balancing multiple responsibilities.

Income is correlated with life satisfaction but not necessarily day-to-day happiness.

Women should prioritize mental health and well-being to improve life satisfaction.

Men also face their own crisis in a changing economy.

The economy is experiencing unexpected trends, such as low unemployment and higher inflation.


Chapters:
00:00:00 - Introduction and News Update
00:04:39 - Interview with Betsy Stevenson Begins
00:09:22 - Discussion on Women's Happiness and Economics
00:13:31 - Exploring Day-to-Day Happiness vs. Life Satisfaction
00:19:37 - Income, Well-being, and Gender Roles
00:27:32 - Economic Trends and the Role of Men and Women
00:34:48 - Current Economic Conditions and Future Outlook

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 advertising@airwavemedia.com 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

Ep 308: The Change Black Women Need Now

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