Why Women Outperform When Investing — And How You Can, Too

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 31 October 2024

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Learn how women can excel at investing, overcome financial challenges, and build wealth with practical strategies. What does it mean to invest like a girl? How can women start investing and overcome financial challenges? Hosts Sean Pyles and Kim Palmer discuss gender differences in investing and practical strategies for women to build wealth. Kim interviews Jessica Spangler, author of Invest Like a Girl: Jump into the Stock Market, Reach Your Money Goals and Build Wealth, about the ways women tend to excel at investing, including taking time to make investment decisions, avoiding rash choices during market downturns, and focusing on long-term goals. They discuss strategies for eliminating high-interest debt, creating a budget that works for your lifestyle, and choosing the right mix of stocks and bonds for personal goals. In their conversation, the Nerds discuss: investing for women, how to invest, gender differences in investing, women and investing, investing for beginners, investing in stocks, building wealth, investing like a girl, stock market basics, financial literacy, sustainable investing, index funds, money management tips, compound interest, fractional shares, how to build wealth, stock market tips, investment portfolio, investing for the long term, long-term investing strategies, short-term financial goals, net worth calculation, and time horizons for investing. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Ready to launch your business? Get started with the commerce platform made for entrepreneurs.
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0:17.4	From startups to scaleups, online, in person, and on the go.
0:22.0	Shopify is made for entrepreneurs like you.
0:24.4	Sign up for your $1 a month trial at Shopify.com slash setup.
0:36.3	Welcome to NerdWallets Smart Money podcast. I'm Sean Piles.
0:40.0	And I'm Kim Palmer.
0:41.4	On Smart Money, we are all about answering your money questions, and today we're tackling
0:46.5	an intriguing one. What does it mean to invest like a girl? Investing might seem like a topic
0:52.6	that needn't be gendered, but it turns out there are
0:55.9	some gender differences, and that's part of what we'll dive into today. Kim and her role as the host
1:02.1	of our regular book club series is here to guide the conversation. So Kim, who are you talking with?
1:07.4	I'll be talking with Jessica Spangler. She is the author of Invest Like a Girl. Jump into the
1:12.6	stock market, reach your money goals, and build wealth. Jess is also a popular money educator on
1:18.6	Instagram and she has a lot of ideas to share on women, investing, and personal finance.
1:24.0	Sounds great. Well, we also want to remind listeners that you can enter for a chance to win our book
1:28.8	giveaway at nerdwollet.com slash book club for our next book club pick. And with that, Kim, I'll let you take
1:36.1	things from here. Great. Thank you. Jess, welcome to our show. I'm so happy to be here. Thanks for having me.
1:42.1	Let's start with what really feels like the most awkward question. Why do women need their own investing book? I mean, don't we all have the same basic rules that apply to us all? Absolutely. The title of this book is intentionally ironic, right? Invest like a girl. What does that mean? Well, it's really twofold.
2:03.1	First of all, when you walk into any big box store, you're pretty much bound to find
2:09.8	ballpoint pens for women or razors for women or even laxatives for women. Really, there's nothing fundamentally different about
	...

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