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the goop podcast

SPECIAL EPISODE: How to Manage Money through a Crisis

the goop podcast

Gwyneth Paltrow

Self-improvement, Health & Fitness, Society & Culture, Education

4.37.1K Ratings

🗓️ 8 April 2020

⏱️ 53 minutes

🧾️ Download transcript

Summary

“What I know is that we’ve always recovered,” says Sallie Krawcheck, CEO and cofounder of Ellevest. The Wall Street legend and personal finance expert returns to The goop Podcast to demystify what’s happening right now in the fluctuating market and explain why she foresees it rebounding and what we can do in the meantime for our financial health. She suggests different ways to think about money during this crisis, whether you’re considering making an investment or trying to navigate some of the economic relief policies being set by the government. “We’ve been socialized as women that we’re not good with money,” says Krawcheck. But today, she’s helping us move away from this stigma, unlearn our scarcity mentality, and make empowered choices around the way we invest. (For more, see The goop Podcast hub.) To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0

Don't hold anything too tightly. Just wish for it, want it, let it come from the

0:10.6

intention of real truth for you, and then let it go. For me our soul is like it's

0:16.8

unbound, it's limitless, but we will use words to limit ourselves. When people

0:23.2

stop believing that somebody's got your back or Superman's coming we turn to

0:28.9

ourselves and that's where you become empowered. Courageous participation attracts

0:35.3

positive things. I'm Gwyneth Paltrow. This is the Goop podcast bringing together

0:42.0

thought leaders, culture changers, creatives, founders and CEOs, scientists,

0:47.6

doctors, healers and seekers, here to start conversations because simply asking

0:53.1

questions and listening has the power to change the way we see the world.

0:57.7

Today is no exception. I'll let Elise fill you in on her extraordinary guest.

1:03.6

All right, over to Elise. Hi, I'm Elise Loonon, cohost with Gwyneth of The Goop podcast,

1:10.9

and today's special episode and efforts to spread awareness and helpful information and how we

1:15.5

can best manage during the coronavirus pandemic, Sally Crotchek will be joining us. Sally Crotchek

1:21.6

is the CEO and co-founder of LVEST. She's also been referred to as the most powerful woman on Wall

1:27.5

Street. Her mission has always been helping women realize their financial power and to get women

1:32.3

everywhere on a path to financial freedom. Today, Sally offers her wisdom from a financial

1:37.6

perspective about what the world might look like after this pandemic and how we can manage through

1:42.5

it. We'll talk about investing, how we can manage our finances when we feel like we don't have

1:47.8

much coming in, and the impact the coronavirus might have on the stock market in the long term.

1:53.3

Hopefully, after our conversation, you'll feel some relief about this unprecedented time.

1:58.4

Let's get right to my chat with Sally Crotchek.

2:04.4

Sally, I'm sure you are wildly busy right now, and I'm really grateful to talk to you because I

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