Vaginance | Money & Life In The New Roaring 20s

Want to know what’s hiding in our sex drawer? We’re diving deep into sex toys, homemade lube, flavoured blow jobs, alien impregnation, lingerie & bondage. Then we go cerebral with talk of the elusive female orgasm, the mental side of getting down with your bad self, and our aspirations of steamy shower sex.

Sex Toys

* Air Pulse, Clitoral Stimulators* plusOne | $30* Satisfyer Pro 2+ | $60* Satisfyer Travel | $40* Womanizer Pro | $150-200* For Partner Sex & Travel: Eva by Dame Products | $135* Pendant Vibrator Necklace: Vesper | $70* For Men: Satisfyer Heated Vibrator | $50* Notable Mentions* Sex Positive Porn for Women by Erika Lust!* Sex Toy Subscription Box | Heart & Honey | $55-130* Nipple Tingling Balm | ~$15* Ovapositors | SLUTEVER episode on Vice* Fuzzy Handcuffs, Bondage Tape, Rope* Flavoured Lube for oral sex* Cannabis Lube

Homemade Lube Recipe

* Coconut Oil* Cacao Butter* Optional* Cinnamon Essential Oil* Vanilla Extract

All ingredients should the the highest quality, food grade options you can find.

Melt coconut oil and cacao butter together, then add a very small amount of the vanilla and cinnamon. Start with a 50/50 mix of the coconut oil and cacao butter, then adjust future batches once you’ve tried it out. More coconut oil for a more slippery lube, more cacao butter for a creamier lube.

*Use at your own risk. As always, test new skin products on a small area such as the inside of your wrist to make sure you’re not reactive to one of the ingredients.

401k-IRA-Roth-GOAT What does it all mean?! We break it down, make it sexy, and even share the secret to why low income years (from unemployment to stay-at-home parenting) might just be your new favourite thing. Whether you plan on normal retirement, early retirement, or a mix all your own, this episode has something for you.

Types of Retirement Accounts

There are a surprising number of different retirement accounts but it’s a lot easier to navigate which ones are right for you if you know the two main categories:

Based On How They Are Taxed:

* Traditional Retirement Accounts* Examples: 401k, IRA, 403b, 457b* This Year: No Taxes!* You won’t pay income tax on the money you contribute to your Traditional Retirement accounts.* During Retirement: It’s Tax Time Baby!* You will pay income tax on the money you take out of your Traditional Retirement accounts each year.* Roth Retirement Accounts* Examples: Roth 401k, Roth IRA, Roth 403b, Roth 457b* This Year: It’s Tax Time Baby!* You will pay income tax on the money you contribute to your Roth Retirement accounts.* During Retirement: No Taxes!* You won’t pay income tax on the money you take out of your Roth Retirement accounts each year.

Based On Who Sets Them Up:

* Retirement Accounts Set Up By Your Employer* 401k, 403b, 457b – both traditional and Roth versions of these accounts* Retirement Accounts You Can Set Up Yourself* IRA* Individual Retirement Account or Arrangement* IRAs provide a lot more freedom to choose your plan provider and the types of investment options they offer.* Roth IRA* You might not have access to this type of retirement account if your annual income is too high. For 2021, the Modified Adjusted Gross Income limits are $140,000 for single taxpayers and $208,000 for married filing jointly.

Retirement Accounts For Self-Employed Badasses

* SEP IRA* Any business with one or more employees is eligible for a SEP IRA, including freelance workers and independent contractors.* Only the employer can make contributions to a SEP IRA account.* 2021 Contribution Limit: 25% of adjusted net earnings, up to $58,000* Solo 401k and Roth Solo 401k* Eligibility: Only available for businesses where you are the only employee (or you and your spouse are the only two employees).* You get to contribute as both the employee and as the employer.* 2021 Contribution Limit: $58,000 total* Up to $19,500 as the employee* As the employer, you can contribute 25% of your employee compensation up to the combined total of $58,000

Handy dandy calculator for comparing your contribution limits as a self-employed person so you can pick the best account for you: https://www.solo401k.com/calculator/

Bonus Round! Did you know that HSAs (Health Savings Accounts) are the most impressive retirement account of all?

* Turns Into A Retirement Account: Pre-retirement it allows you to reimburse yourself for medical expenses. Once you reach retirement age, it converts to a retirement account and you can take retirement distributions from it (they don’t have to be for medical related expenses).* No Income Taxes: You don’t pay taxes on the money you put in, you don’t pay taxes on any health care expenses you get reimbursed from the account, and you don’t pay taxes on any money you take out during retirement.* Invest It! You can invest the money that’s sitting in the account so that money is growing and compounding over time.* Accessible before retirement age.

Wondering why everyone is so damn hot & bothered over crypto lately? Should you jump on the trend or have you missed the crypto millionaire boat? Are NFTs designed for more than art? Join us as we fall down our favourite philosophical black hole of wondering “what even is money?”

Skim the Show Notes below to explore:

* How do I invest in Crypto?* What is a Blockchain, Smart Contract, and NFT?* Cryptocurrency vs Fiat Currency* Wait, some cryptocurrencies are more than just imaginary money? And they’re reshaping entire industries?* Who controls our money system?

What is a Blockchain?

A ledger of transactions that is decentralized – aka stored on many different computers in the network instead of in one location like a bank.

Example of how a blockchain ledger works:

* Let’s say each “block” contains a certain number of transactions, for this example we’ll use 10.* Once 10 transactions have happened, those transactions get bundled into a single “block.”* This new block is sent out to everyone in the network who is maintaining a copy of the ledger.* Everyone adds this new block to the end of the ledger, like a link in the chain. Each time a new block is added, the length of the chain grows.* Block + Block + Block = Chain … a chain of blocks, or a “Blockchain”

Blockchain ledgers can be used to store transaction records for things like banking, voting, legal contracts and even tracking supply chains so you know the ethically sourced product you purchased is actually what arrives on your doorstep.

Here’s a fascinating breakdown of industries being disrupted by blockchain technology: https://www.cbinsights.com/research/industries-disrupted-blockchain/

Why is this important?

It prevents corruption!

If all transaction history is managed by a single central authority, like a bank/government/business, they could potentially alter it for their own benefit or to penalize someone else. Centralized ledger systems are a powerful tool but they are often abused, particularly in developing regions, to maintain power and wealth and restrict the freedoms of certain groups.

Since Blockchains distribute a copy of the ledger across many locations, one person or entity can’t modify the transaction history since it would be obvious that their copy of the ledger is the only copy that doesn’t match the rest of the network.

What is Cryptocurrency?

A digital currency that is tracked on a blockchain.

What is Fiat Currency?

A currency issued by a government, like the US Dollar, Mexican Peso, Euro, Japanese Yen, Nigerian Naira, Peruvian Sol, etc.

A few Cryptocurrencies you might have heard about lately:

* Bitcoin | BTC* The grand daddy of modern cryptocurrency; primary use case is that it is a store of value (like gold) and digital currency. * Based on Market Cap, Bitcoin is the largest cryptocurrency.* Ethereum | ETH* Similar to Bitcoin, it can be used as a store of value and digital currency but the Ethereum network was also designed as a tool for running decentralized software applications and smart contracts, making Ethereum the most actively used blockchain at this time.

Guess who’s got a boyfriend & a new car! In this episode, we rave about buying cars with Carvana, Poshmark side hustles, whether or not it’s worth trying to keep up with the latest finance news, and our travel plans near & far as COVID vaccines start rolling out in United States.

Coffee Date episodes are more casual, meandering conversations where we follow our whims and indulge in off-topic discussions. So take a stroll to your local café and bring us along for company!

Coffee Date episodes are more casual, meandering conversations where we follow our whims and indulge in off-topic discussions. So take a stroll to your local café and bring us along for company! In this episode, we talk about the struggle to stay positive when paying credit cards every month, healthy financial habits, and a few random thoughts we have about real estate investing.

The slightly drunk team talks about the soon-to-be-motion picture topic, GameStop. Find out who is a true believer in the movement, who is doubtful of the meme stock’s future, and what the fuck is going on with this mall retailer stock.

How to understand what’s going on…

Buying A Stock

I think the price of Stock X is going to go UP.

I buy Stock X for $10. The price goes up to $12. I sell the stock and keep the $2 profit.

Shorting A Stock

I think the price of Stock X is going to go DOWN.

I find someone who already owns Stock X and I ask to borrow it temporarily. I sell the borrowed stock to someone else for $10. The price drops to $8. I re-purchase the stock and return it to the original owner.

When I sold the borrowed stock, I received $10. It only cost me $8 to get it back so I made $2 profit.

How Much Money Can I Lose When Buying or Shorting Stocks?

If I BUY Stock X for $10, the most I can lose is $10… if the stock drops all the way to $0.

If I SHORT Stock X at $10 hoping it will drop in price, but the price goes up instead… then I can lose an INFINITE amount of money based on just how high the price can go. For example:

I sold the borrowed stock at $10.

If the price jumps up to $12 and I have to buy the stock to return it to its owner, I’ve lost $2.

If the price jumps up to $1000 and I have to buy the stock to return it to its owner, I’ve lost $990.

Theoretically, there is no limit on how high a stock price can go. So there is also no limit on the amount of money I can lose on a Short if the price continues to rise.

Short Squeeze

Now we’re getting into the fun stuff!

Let’s say that a lot of investors think the price of Stock X will go down, so they all Short the stock (sell borrowed stocks at what they think is a high price).

If the price of Stock X shoots up, some of those investors will jump into the market to re-purchase the borrowed stocks in order to cut their losses. This makes demand for Stock X go up and also causes the price of Stock X to shoot up even higher.

As the price rises higher, more and more Short investors will hit the point where they need to cut their losses. So they buy the borrowed stocks back and drive the price up in a beautiful feedback loop.

Short Squeezes are most likely to happen on stocks for a particular company that is heavily shorted because, if the price goes up, a lot of short investors will feel that pressure and contribute to the rising price feedback loop.

Call Option

At the most basic level, when you buy a Call Option, you are paying a small amount of money upfront for the option to buy Stock X at a certain price in the future.

Today Stock X is $10. If I think Stock X is going to increase to $15 over the next month, I could buy a Call Option that will give me the option to buy the stock anytime in the next month for the price I pick in the call option, let’s say $11.

I think Stock X is going to increase to $15 over the next month.

I buy a Call Option that gives me the option to buy Stock X for $11 at any time during the next month. I pay $0.50 for the Call Option and that money is gone whether or not I decide to purchase Stock X during the next month.

Three weeks later, Stock X shoots up to $15.

And why everyone is so damn Hot To Trot about them. We take it back to basics, expose the Dark Side of index fund investing, and even share a few indexes you probably haven’t heard of.

What are Stocks and why do they increase in value?

* When a company wants to raise money to re-invest in growing their business, stocks are one way they can do that. They sell a piece of their company, a stock, in exchange for money that they can invest in growing their business.* Tangible increase in value is typically due to company growth + currency inflation.* Intangible increase in value is due to market perception (ie. we think this is going to be ‘the next big thing’).

What are Index Funds & How are Index Funds created?

A stock market index measures the performance of a group of companies. So, the S&P500 for example, tells us how well 500 of the largest companies in the stock market are performing.

A big investment company actively invests in all the companies they want in the index and then sells shares of the index to smaller investors like us who couldn’t possibly afford to buy full stocks in all companies in the market.

What makes Index Funds so special?

* Simple math game: a losing stock can go from 100% (the price you purchased it at) to 0% but a winning stock can go from 100% to ∞ SO your wins always outpace your losses… meaning your total investment value grows over time.

The advantages that have led to index funds being a popular investment choice:

* Simplifies investing so you can live your life.* Doesn’t require a lot of time.* Doesn’t require deep knowledge of individual companies.* Doesn’t require you to constantly stay up-to-date on current market trends.* Historically reliable* Self Cleansing

Tax Implications

* Taxes* Regular Brokerage Accounts* If you sold the stock within 1 year of purchase:* Short Term Capital Gains Tax* Tax rate is the same as your income tax rate for that year.* If you sold the stock more than 1 year after purchase:* Long Term Capital Gains Tax* Tax rates are 0%, 15% or 20% depending on your taxable income and filing status.* Bottom Line: Long-term capital gains tax rates are usually lower than those on short-term capital gains. That can mean paying lower taxes on stocks.* Retirement Accounts* Traditional IRA* Taxes are deferred until you start withdrawing funds in retirement.* Roth IRA* Tax Free withdrawals in retirement

Highlights & lessons learned in 2020, how we’re moving forward & how we’re setting ourselves up for success in 2021. Plus, find out where VAGINANCE – THE BAND! might be performing during a meteor storm. Maybe we’re joking, maybe we’re not… even we’re not sure.

Becca breaks down her favorite sex related book while we OOH over hot zones & laugh at funny moments from our sex lives.

The team shares our reviews of different investing platforms, we discuss the pros and cons of buying a home, and celebrate Taylor’s unbelievable win streak! Who will win the next badge??