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Everything is the Best

GIRLS LETS GET THIS MONEY - Financial Education with Elizabeth Ralph

Everything is the Best

Dear Media, Pia Baroncini

Pia, Everything, Best, Media, Society & Culture, Baroncini, Dear, Education

4.61.2K Ratings

🗓️ 11 June 2025

⏱️ 68 minutes

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Transcript

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0:00.0

The following podcast is a dear media production.

0:15.6

Okay, I'm very excited to meet you for selfish reasons because I spend the money that I make rather than

0:24.0

investing it.

0:26.6

But then I like look at your Instagram and it's like, I'm going to turn 50K into 500K.

0:31.0

And I'm like, yes, that's what I need to be doing, you know?

0:34.7

And I also want to talk about, I don't know if you work with these kinds of

0:39.6

clients. I'm sure you do. It's very interesting nowadays how most people want to be

0:47.4

entrepreneurial, right? And that is amazing, but that's never really any sort of steady.

0:56.3

It's like a high risk. And you even say that we shouldn't be dependent upon even like our paychecks, right? That even that is like a high

1:01.7

risk scenario. So with the little bit of money that most of us have, considering our current

1:08.8

climate and how hard it is, I want to, I want to know

1:14.2

where are we starting from? You know, if we're getting a paycheck for, let's say, you know,

1:20.7

$2,000 biweekly, what percentage of that are we, should we be putting away and investing?

1:31.3

Yeah. There are a lot of these kind of rules that you would apply. And so you would say, like you see this all the time,

1:36.1

it's like 45% here, 35% here, 10% here. I do have my thoughts on that. I mean, I think that we should

1:43.5

be investing at least 10 to 15%. However,

1:47.9

I have to be honest, though, Pia, because I almost hesitate to kind of put people in boxes because I think

1:53.5

that's all we try and do is get out of boxes in life and it's fucking exhausting. And so what I'd like to do is to offer someone, how about you pick a percentage that feels at ease with you, but yet don't let yourself out of picking a percentage.

2:10.4

And this is exactly why I wanted to open with this question, because this is the difference between what you do and what the internet or a traditional

2:18.7

financial advisor is going to tell you. Exactly. Incredible. Yes. An amazing way to start.

2:27.1

Yeah. And so you finding that point of ease, you making an internal commitment,

2:33.0

you don't have to ask me or anybody. You've already got yourself

...

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