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Networth and Chill with Your Rich BFF

The Real Cost of Motherhood with Elaine Welteroth

Networth and Chill with Your Rich BFF

Vivian Tu

News, Business, Careers, Business News, Entrepreneurship

4.41.6K Ratings

🗓️ 7 May 2025

⏱️ 37 minutes

🧾️ Download transcript

Summary

On this week’s episode of Networth and Chill, I’m sitting down with Elaine Welteroth. The former Teen Vogue Editor-in-Chief and Project Runway judge pulls back the curtain on her groundbreaking venture, birthFUND, a nonprofit dedicated to helping reduce the maternal mortality rate in the United States. Elaine shares how personal experiences led her to create birthFUND and why giving birth in this country can be so darn expensive! Plus, she lets us know what’s next for her and why birthFUND is at the heart of her mission.  Find Elaine on Instagram and check out birthFUND https://www.thebirthfund.com/.  Follow the podcast on Instagram and TikTok! Got a financial question you want answered in a future episode? Email us at [email protected] Thank you to our sponsors: Amazon Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

80% of the maternal deaths in this country are preventable.

0:03.5

There is a solution, a data-backed solution,

0:06.5

and all it needs is us to invest in it.

0:08.1

Of course, we need laws to change,

0:10.0

we need the systems to change,

0:11.6

we need insurance to change how they incentivize physicians

0:15.3

to care for pregnant people.

0:17.0

There's a lot about the model of birth care in this country

0:19.5

that needs to shift.

0:20.8

We don't have time for those systems to change because mothers need this support There's a lot about like the model of birth care in this country that needs to shift.

0:24.9

We don't have time for those systems to change because mothers need this support.

0:27.4

Families need this support right now.

0:36.8

What's up rich friends?

0:44.1

Welcome back to another episode of Net Worth and Chill with me, your host, Vivian 2, aka Your Rich BFF, and your favorite Wall Street girlie.

0:50.4

And I fear I am officially at that age, that age when my friends are starting to have children. On purpose.

0:56.1

Honestly, I joke, but in all seriousness, I recently just navigated my own fertility journey. I did a round of embryo freezing and a good number of my closest friends are now

1:00.8

family planning. They're painting baby rooms and buying cribs and getting strollers. And that's

1:08.5

terrifying because not only am I just starting to get comfortable with the idea of being the cool aunt, as it turns out, having a kid isn't as easy as they make it out to be in the movies.

1:22.0

Not only is preparing for a baby's arrival, super extensive and time intensive and kind of scary, but it's also

1:29.2

physically very dangerous to give birth, and I didn't even know that. Not only are you in a cold,

1:35.8

sterile hospital room about to do the most vulnerable thing a human being can do, but you also

1:42.1

get the privilege of spending thousands of dollars to do so. Not great. But that's

...

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