Late Capitalism, ”Ethical” Investing, And Building Wealth In A Broken System
The Financial Diet
TFD
4.3 • 548 Ratings
🗓️ 30 January 2023
⏱️ 48 minutes
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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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