Welcome to Getting Curious. I'm Jonathan Vaness and every week I sit down for a 40-minute conversation with a brilliant expert to learn all about something that makes me curious.

On today's episode, I'm joined by Sally Krocheck where I ask her, what in the world is a gender well-gap?

Welcome to Getting Curious. This is Jonathan Vaness. I'm so excited for this week's episode. We have Sally Krocheck. She's the CEO and co-founder of LVAST.

That's right, right? Nailing it. She's the former CFO of City Group in Smith, Barney. Those are ginormous.

So the question of the day is, is there a gender pay gap in 2020?

The first of all, I'm more excited than you are for me to be here. I am just thank you so much for having me. We are huge Jonathan Vaness fans in our family and you are the best of us.

Thank you so much for saying that. It's so sweet. But you are a Titan in your field. You are not someone who is new to the rodeo.

I'm old. Jonathan Vaness just said I was old.

No, I'm just saying you have had a really major career. You have been in really to pull a line from Hamilton.

Hamilton, the room where it happened. A lot of really important rooms and a lot of important places. I think that you have had a really incredible second act in your career of bringing this awareness of the gender pay gap and empowering women to invest.

To be more conscientious of what investment means for a win.

Well, the bottom line is I've been so fortunate in my career Jonathan Vaness.

I so did not mean to go into your name. You're just a little bit of your baby.

No, I exactly. I'm 28 and have done this stuff. But I've had so much, I've loved it so much. I've had ups, I've had downs, I've been at big companies, I've been at medium-sized companies.

And when I stop and say, given the good fortune I've had, what can I do to change things for the better, to grow our economy, to moderate society, to help women, to help their families, to help men.

And when I looked at what I could do, it's to get more money in the hands of women. And I always say, just tell me something bad that happens when women have more money.

The answer is nothing. Nothing bad happens for everybody. Whether it's their daughters, their sons, etc. It grows the economy, it moderates inequality.

And so we are at L of S, really focused on, yes, the gender pay gap. But I would argue even more importantly, there's what you make, and there's what you keep, and what you have.

And so the gender wealth gap as well, how do we get more money in hands of women by helping them figure out how to navigate this world.

But also to invest, which is something, each of us can take small steps towards.

So the idea of income versus wealth is, you know, income is like what you make in a year. And then your wealth is like, as Elizabeth Warren would say, like the diamonds, the Rembrandt, and the yacht.

No, I would actually say it differently. That is a weird word. Wealth everybody. I'm not wealthy. I'm not wealthy. It means what your net assets are. What do you have? What cash do you have on hand? What home do you have? And here's the issue.

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