Dark Money Has Infiltrated American Campuses - Here's How To Make Sure Your Money Is Clean
Money Rehab with Nicole Lapin
Money News Network
4.6 • 1.7K Ratings
🗓️ 16 October 2023
⏱️ 21 minutes
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| 0:00.0 | I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand. |
| 0:07.0 | It's time for some money rehab. |
| 0:15.7 | Your dollar is a vote. |
| 0:17.6 | If you've been a money rehab listener for a while now, this isn't a new concept to you. |
| 0:21.8 | It's the idea that if you spend money on something, you're enabling that company to continue |
| 0:26.2 | its operations, and so you're endorsing its business. |
| 0:30.5 | We talked about this following George Floyd's murder and how supporting black owned businesses |
| 0:35.0 | put money into the hands of the black community and supported the success of those communities. |
| 0:40.0 | And on the flip side, if you shop with companies who have historically denied opportunities |
| 0:44.5 | to the BIPOC communities, you're supporting the success of that business and their ideals. |
| 0:51.0 | So giving money is a vote. |
| 0:52.9 | And here's something we haven't talked about yet, taking money is also a vote. |
| 0:58.1 | It's a question I've had to answer for myself. |
| 1:01.0 | I got the opportunity to partner with a brand, and I'll just be honest and say it. |
| 1:05.3 | It was Robinhood, the trading app. |
| 1:07.8 | Robinhood wanted to pay me a lot of money for their endorsement, but I was really skeptical |
| 1:12.6 | about that company's ethics. |
| 1:14.2 | I'd heard compelling research that Robinhood is built to incentivize users to make really |
| 1:19.0 | risky bets that hurts users and benefits Robinhood. |
| 1:23.0 | So I said no, I would not take their money because I didn't want to introduce Robinhood |
| 1:28.1 | to you. |
| 1:29.1 | I didn't feel good about it. |
... |
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