Rich Girl Roundup: What You Should Know About Tax Drag (and a Wild Money Story)

The Money with Katie Show

Money with Katie

Self-improvement, Education, Business, Investing, How To

4.8 • 1.3K Ratings

🗓️ 8 April 2024

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

“Tax drag” can hold your money back from reaching its fullest potential—what is it, how does it work, and what do the outcomes look like? Plus, we share a wild money story involving $90,000 of debt. Have a money story of your own? Email us at [email protected], and we’ll anonymously share it. Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week. Reminder: This is not financial advice; we are not certified financial professionals—please do your own due diligence. Transcript, show resources, production credits, and more can be found at: https://moneywithkatie.com/tax-drag. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Rich Girl Roundup.
0:06.0	Oh my gosh.
0:07.0	Oh my God.
0:08.0	No, Jill sibling, no.
0:10.0	Oh no. Oh no.
0:12.0	Oh. Oh my gosh. That's terrible. Oh no. Oh my gosh. That's terrible. Oh no. Just the layers of betrayal.
0:27.0	Welcome back,
0:28.0	rich girls and boys to rich girl roundup,
0:30.0	the weekly casual convo of the Money with Katie's show. I'm your host Katie Yaddy Tossan and here is a quick
0:36.2	message from our sponsors.
0:38.3	When it comes to your finances go for the credit card that's always there for you.
0:45.8	With 24-7 US-based live customer service from Discover, everyone has the option to
0:52.0	talk to a real person
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0:55.2	Yep, that means no more waiting for, quote,
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1:04.4	Get the customer service you deserve with Discover.
1:07.1	Limitations apply, see terms at Discover.com
1:09.2	slash credit card. Okay, on to the round up, Henna. How are we doing today?
1:18.8	Okay, this week's question came from E and B, which simply said tax drag and my thought immediately went to
1:25.4	RuPaul's drag race but I also think that when you and I first talked about
	...

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