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The Financial Diet

Late Capitalism, ”Ethical” Investing, And Building Wealth In A Broken System

The Financial Diet

TFD

Business

4.3548 Ratings

🗓️ 30 January 2023

⏱️ 48 minutes

🧾️ Download transcript

Summary

Schedule a FREE consultation call with Advisor.com today at Advisor.com and never make another financial decision alone! https://www.advisor.com/ *** Chelsea and Simran Kaur from Girls That Invest discuss ethical investing, starting from nothing, and how to build wealth and live by your values under capitalism. Girls That Invest website: https://girlsthatinvest.com/ Girls That Invest book: https://bookshop.org/a/82703/9781119893783 MORE FROM TFD Join our membership program, The Society at TFD to get exclusive bonus content + access to tons of other perks like our members-only book club: https://www.youtube.com/channel/UCSPYNpQ2fHv9HJ-q6MIMaPw/join The Financial Diet site: http://www.thefinancialdiet.com Facebook: https://www.facebook.com/thefinancialdiet Twitter: https://twitter.com/TFDiet Instagram: https://www.instagram.com/thefinancialdiet/?hl=en

Transcript

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0:00.0

Hello, everyone, and welcome back to an all new episode of the Financial Confessions.

0:04.5

It is I, Chelsea Fagan, your host, founder and CEO of the Financial Diet and person who

0:09.9

loves to talk about money. Today I'm going to be talking about money with someone who came

0:14.6

all the way from New Zealand, which is really far from New York if you look at a map.

0:19.5

I was surprised myself when I saw how far it was.

0:22.6

She is someone who loves talking about money just as much as I do and has a book that just came out last week on that very subject.

0:30.6

Her passion in particular is about getting women to invest, which as we know here at TFD is something that is often a bit of an uphill battle,

0:39.7

not because women aren't capable of investing or don't have the money or education to invest,

0:44.4

but often because they're just not taught to manage their own long-term finances or really even to think about them.

0:50.2

We have study after study that shows that even in heterosexual pairings where the woman has higher

0:55.6

education, earns more than her husband, works full time. In general, these women are still not the

1:01.3

ones who are doing the long-term financial planning, even if they're usually the ones making

1:06.2

the day-to-day consumer decisions. And this isn't just a missed opportunity in terms of women

1:11.1

taking control of their own futures and having

1:13.2

their own security.

1:14.4

It's also a missed opportunity in that day-to-day finances

1:17.6

like what brands were buying at the store

1:19.9

and long-term finances, like how we're building wealth

1:22.8

and passive income to carry us through retirement,

1:25.3

are extremely closely linked.

1:27.2

And having the person, again,

1:29.0

usually the woman in a marriage, making the former decisions, but having little to no control

...

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