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Financial Feminist

260. Money Mistakes That Cost Me Everything (And How To Avoid Them) with Nicole Lapin

Financial Feminist

Her First $100K

Self-improvement, Education, How To, Business

4.76.2K Ratings

🗓️ 4 November 2025

⏱️ 56 minutes

🧾️ Download transcript

Summary

We all make financial mistakes, but what happens when those mistakes literally cost you everything? In this episode, I sit down with money expert, author, and host Nicole Lapin, who shares her deeply personal story of losing her home and studio in the LA fires just two weeks after giving birth—and the painful lessons she learned in the aftermath. From skipping business insurance to the emotional toll of rebuilding from scratch, Nicole gets brutally honest about the financial oversights that even experts can make, and how you can protect yourself before disaster strikes. We also talk about the realities of new motherhood, navigating shame, estate planning, and why money isn’t just about numbers—it’s about safety, security, and learning how to trust yourself again. Nicole’s links: Website: https://nicolelapin.com/  Instagram: https://www.instagram.com/nicolelapin/?hl=en  Podcast:  https://moneynewsnetwork.com/podcast/money-rehab/ Visit ⁠https://herfirst100k.com/ffpod⁠ to stay up to date and find any resources mentioned on our show! 00:00 Intro 00:41 LA Fires & loss 01:51 Documenting for insurance 02:35 Money & safety 05:02  Insurance tips 11:11 Parenthood finances 16:37 Childcare costs 19:00 Parenting boundaries 21:41 Teaching kids money 22:41 Investing basics 25:07 Money priorities 29:40 Estate Planning 32:26 Debt & leverage 34:20 Imposter syndrome 38:57 Building your path 41:57 Financial shame Special thanks to our sponsors:Go to www.squarespace.com/FFPOD to save 10% off your first website or domain purchase. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Financial mistakes happen, but some of them are more catastrophic than others.

0:03.8

Today, bestselling author and financial expert Nicole Lapin is sharing some of the biggest financial mistakes she's made, including the one that literally, quite literally, cost her everything.

0:13.7

So you can avoid them too.

0:15.0

A single disaster can wipe everything out if you're not thinking ahead financially. If I could go back in time,

0:22.7

Torrey, I would have just walked through my house, walked through my office, and documented everything.

0:28.3

Nicole Lapin is the host of the daily personal finance podcast called Money Rehab and is a New York

0:32.8

Times bestselling author. She has written several books on personal finance, including her most

0:36.9

recent book,

0:42.7

The Money School, 12 simple lessons to master financial markets and investing. The best antidote to shame is truth. And to be really, really honest, and like look at those numbers, finally,

0:49.2

because they're not as bad as you probably think. This is a powerful conversation about learning

0:53.8

from your mistakes,

0:54.8

prepping for the unexpected, un-austraging yourself from burying your head in the sand,

0:59.4

and giving yourself grace when life does not go according to plan. So anytime somebody's like,

1:03.4

how do I create millionaire kids? I'm like, well, how are you with money? Are you hoarding? Are you

1:10.0

spending like crazy? Are you hiding purchases?

1:13.7

Like, they're watching everything that you're doing. Let's get into it.

1:19.2

But first, a word from our sponsors. This newly independent podcast is brought to you by Squarespace.

1:25.2

You know we love Squarespace. There're a reason they've been one of our

1:27.9

most trusted ad partners. And it's because I started our business on Squarespace. Literally,

1:33.2

the first investment we ever made was signing up for Squarespace website. They're super easy to use.

1:38.0

My favorite part is the drag and drop features. So you don't need to know how to code.

1:42.2

You just need to use their offerings to make your website look pretty. They also have SEO tools so you can get discovered fast, so you don't have to be an SEO expert either. And you can not only start a Squarespace website from a design perspective, but also buy your domain on Squarespace, which is what I did with her first 100K. Head on over to Squarespace.com slash FFPod for a free trial. And once you're ready to launch your brand new website, use offer code FF Pod at checkout to save 10% off your first purchase of a website or domain. One of the hardest things about being a business owner is predicting the future. Even when you talk to experts, you're going to hear different responses. You're going to hear different predictions. And until somebody invents a crystal ball, NetSuite by Oracle is here.

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