111. Debunking the Worst Money Advice We've Ever Heard

Financial Feminist

Her First $100K

Self-improvement, Education, How To, Business

4.7 • 6.2K Ratings

🗓️ 31 August 2023

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

There is a plethora of bad money advice out there –– from finance Chad’s telling you to dump your life savings into crypto to some of the biggest names in personal finance who continue to give outdated, shaming, and downright harmful information to their followers. In today’s episode, we collected some of common money myths and half-truths from our listeners and debunked the worst of them, including whether or not you actually need a credit score, why deprivation is not the way to go, and why so many people think investing is just gambling. Read transcripts, learn more about our guests and sponsors, and get more resources at https://herfirst100k.com/start-here-financial-feminist-podcast Not sure where to start on your financial journey? Take our FREE money personality quiz! https://herfirst100k.com/quiz Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hello, financial feminists. Welcome to the show. I am so excited to see you. If you're
0:20.9	an oldie but a goodie, welcome back. If you're new here, welcome. I am Tori. I am a money expert.
0:25.9	I am a New York Times facility author and I also host this show where we talk about how money affects
0:30.4	women differently as well as how to fucking fight the patriarchy by getting fucking rich.
0:36.0	And if you could have seen us in the studio and by in the studio, I mean the second bedroom in my
0:42.8	house, you would have seen for the last half hour podcast producer Kristen and I having an
0:47.6	aneurysm over technology today. Our show is pretty seamless. We've been doing this for two years.
0:54.7	Things go off mostly without a hitch until you plug in things and they just decide not to work one
1:00.0	day. So I am literally surrounded in a graveyard of black cords and I'm currently using my backup
1:08.4	microphone. So if for whatever reason, this sounds like shit, no, it doesn't. That's that's
1:13.2	your own ears. It's not ours. It's yours. That is all you. That's not it's not me. It's you. No,
1:18.6	but it should sound great anyway because Kristen's good at her job. However, just just thank
1:24.2	a podcast producer today. Thank a podcast host today. There is a lot that goes into just talking
1:31.0	into your ear holes where you're like, she's just spout enough shit into my ear pods. Also
1:37.1	and audio engineers. Of course, thank you, Kristen. Cut it. Of course. Of course. Of course. Yeah,
1:40.7	this is not just me talking into your ears. This is a very robust media project. And so we
1:48.5	appreciate your support of it and the other podcasts that you like. Perfect segue. If you
1:54.0	love the show and want more of it, well, subscribe. Click subscribe wherever you're listening right now
1:58.9	and leave us a five star review. It helps us be able to support the show and continue creating
2:03.5	more great episodes for you. I'm going to get a little like gossipy and it's going to be fun
2:08.1	because we're talking about some of the worst financial advice I have personally heard that I hear
2:13.6	other financial experts spout off or from questions from our community of what people have heard
	...

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