Rank #1: Ep 128: New And Different Ways To Save For Retirement — That Actually Work
The fear that you'll run out of money in retirement is big and real and daunting. Which is why we're always excited to hear about it when someone — somewhere — has a new idea to help us conquer the challenges of making our money last. This week's hero: Morningstar's Head of Behavioral Science, Dr. Stephen Wendel. He outlines how a handful of modest (and specific!) changes, when made simultaneously, can amount to much bigger nest eggs. So, calm your retirement anxieties — and geek out on the research — with us. Then, in Mailbag, we’re discussing 401(k) rollovers, the 5-year rule on Roth IRAs and having a dedicated savings account for healthcare. And in Thrive, how to budget with a cash-only diet.
Rank #2: Ep 154: Invest Like A Woman
Building off of last week’s “Women With Money” episode that focused on how and why more of us should be investing in addition to our retirement accounts, we’re with investing expert Manisha Thakor. She’s VP of financial wellbeing at Brighton Jones and host of the "true WELLth podcast." We discuss the psychology of investing, the difference between active versus passive investing styles and best practices for working with financial advisors. In Mailbag, we answer your questions on closing credit cards without hurting your credit, whether it's a smart move to help a boyfriend's family with student loan debt and the complications that can ensue come tax time. Plus: Our Thrive segment is courtesy of one of our amazing listeners, Pam, who emailed us a few weeks back after Episode 149, in which we talked about the new rules of resume writing. Her advice will help your resume get seen! P.S. Jean’s new book, “Women With Money,” hits stands this week! Order yours today at WomenWithMoneyBook.com.
Rank #3: Ep 90: You’re The CEO Of Your Body And Your Life. Own It With Robin Arzon.
"Know your worth and then add tax." Our final show of 2017 is filled with empowering statements — and new life mantras — courtesy of our new girl crush Robin Arzon. Successful lawyer-turned-health-and-wellness-influencer, Arzon is the bestselling author of "Shut Up And Run," and the Head Instructor and Vice President of Fitness Programming for Peloton Cycle. (I first met her on my bike.) As we shift gears for 2018, she gets us focused on our health and wealth so that we can make this year our best one yet. Then, Kelly and I answer your questions on 401(k) rollovers, financial considerations for caregivers and how to prioritize credit card debt with building emergency savings. Thank you for another fantastic year of HerMoney. We'll talk soon...in 2018!
Rank #4: Ep 103: How To Do The Ultimate Shopping Ban And Save Thousands
No matter where you are in your financial life, you'll be able to relate to Cait Flanders' story. After paying off $30,000 of consumer debt in two years — and upping her savings game — she found herself shopping, and shopping, and shopping some more, because she never addressed why she got into debt in the first place. Her solution? A two-year shopping ban during which she discovered her spending was more emotional than anything else. In her book, The Year of Less: How I Stopped Shopping, Gave Away My Belongings, and Discovered Life Is Worth More Than Anything You Can Buy in a Store, she chronicles her journey and teaches us to hack our shopping habits for the better. Also, Kelly and I answer your questions on short-term and long-term investment decisions — and how to lower your credit card's interest rate. Stick around for Thrive, because it's spring cleaning season. We'll talk about what you need to keep and what you need to shred as you declutter this tax season.
Rank #5: Ep 107: A Candid Conversation On Death, Grief And Money With The Authors Of Modern Loss
Talking about money can be awkward. Talking about death can be awkward. Talking about them in the same conversation? Don’t even get us started. That’s why we invited Rebecca Soffer and Gabrielle Birkner, authors of the website and now book, "Modern Loss: Candid Conversation About Grief. Beginners Welcome." And that's exactly where we start. We discuss grief, family dynamics, inheritances, wills, the importance of having good executors and what to say to people when it feels like there are no right words. Kelly and I answer your questions on HSAs, post-divorce retirement considerations and preparing college grads for managing money in the real world. We close with the importance of protecting the stay-at-home spouse — financially, of course. We tell you how. Have you tried listening to HerMoney on your Amazon Alexa yet? Get the skill enabled here (https://amzn.to/2v0G7So), rate, review and then let us know in the Mailbag entry on JeanChatzky.com. Kelly will add you to the invite list for our *Private* HerMoney Facebook group.
Rank #6: Episode 2: Co-Creators Of Criminal, Phoebe Judge and Lauren Spohrer, On Turning A Passion Into A Business
It's Criminal! I'm hooked on the hit podcast "Criminal", so I am thrilled to have the show host and producers Phoebe Judge and Lauren Spohrer join me for this week's episode of HerMoney. P and L proudly tell us how they had the courage to take a huge risk many women fear, using their own money to pursue their passion and start their own business. We talk about their struggle to juggle two jobs, recording at night after their day jobs in a closet full of clothes to save money (and because – surprise – the acoustics are great) and how it feels now that they are a huge success. We share advice about how they should visit their money, yes, visit their money, now that they have some, and why you should too. We answer your financial questions, and in our Thrive segment, we tell you what to do when you make less than your male colleague for doing the same job!
Rank #7: Ep 134: Smart Women & Smarter Money Choices, Part One
HerMoney recently went on a road trip to Boston for a live show with Harvard’s Brigitte Madrian at the PRX Podcast Garage. We discuss her extensive research on 401(k)s — savings rates, leakages and the possible relationship they have with credit card debt — if you were auto-enrolled into yours, then you definitely want to tune in. We also explore the idea of sidecar plans. Have you heard of them? In our live Mailbag, we answer attendees' questions on how to get more of our girlfriends talking about money, how to approach the current real estate market, how to ride the stock market (rollercoaster) and more. In fact, so much more, including a taste of a HerMoney Happy Hour (!), that we're making this a two-part special. Stay tuned for more!
Rank #8: Ep 91: Take Charge Of Your Health, Finances And Closet In 2018 With TODAY’s J Team
Happy New Year, and welcome to the very first show of 2018! When I was thinking about who I wanted to have on this show, it took me maybe all of two minutes to decide — my NBC TODAY sisters Jill Martin and Joy Bauer. For the past few years, we’ve teamed up for segments at the start of the year to help all of you kick off your money, health and organization-related resolutions. And that’s exactly what we’re doing in this episode. From skinny cocktails to fatter wallets to creating a closet that has you feeling and looking like a 10 — we're covering it all. In our first Mailbag of the year, we discuss how to broach the subject of estate planning with a parent and how to handle your 401(k) when your company goes Roth. And then, finally, back by popular demand, we run through a handful of services for selling or donating your unwanted goods.
Rank #9: Episode 3: Eyes Wide Shut! Arianna Huffington Teaches Us How To Sleep Our Way To Success
Arianna Huffington, one of the most influential women in the world, was falling apart at work because she was – literally – exhausted. This week she shares her inspirational wake-up call with us. Her new book, The Sleep Revolution, is based on science-based secrets that can help us all sleep our way to success. Arianna says lack of sleep costs the U.S. economy $63 billion a year and takes a huge toll on us as individuals hitting us in our financial, physical and emotional lives. No surprise, it's more of a problem for women! On this week's episode of HerMoney, we teach you how to take back the night. Of course, we all sleep more soundly when we are not worried about money, our family, our jobs or our relationships. But, Arianna says, we need to think of that problem in reverse. Being well rested is the key to regaining control. So, we'll tell you how. We also answer your financial questions and Arianna offers us her best advice for women to Thrive. So, don't brag about how little sleep you get. Take a few minutes for yourself, join us and tune in to HerMoney now.
Rank #10: Episode 4: All-Star Investor Karen Finerman On The Costly Money Mistakes Many Women Are Making – And How Multitasking Is A Huge Waste Of Time
They call her "The Chairwoman" on CNBC’s Fast Money, but hedge fund manager Karen Finerman also manages life at home including two sets of twins. Learning to balance work and life, Karen has come to a number of surprising conclusions – including her belief that working from home is “the worst.” She tells us why. Driven to make a lot of money since she was a teen, Karen talks bluntly about why women must be financially independent, and how many women get in the way of their own success. She also fills us in on how being risk-averse is a double-edged sword. We also answer your financial questions about saving for college, paying off your mortgage and crafting a will. And, in this week’s Thrive segment, we explain how to safely make mobile payments. Plus: We have five of Karen’s best-selling book, Finerman’s Rules: Secrets I’d Only Tell My Daughters About Business and Life, to give away. Tweet us your favorite tip from #HerMoneyPodcast @JeanChatzky.
Rank #11: Ep 120: Your Skill Set Is Your Most Important Investment
When it comes to saving, investing and all things financial independence, Stella & Dot CEO and founder Jessica Herrin walks the talk. With the idea that nine-to-five doesn't work for everybody, Herrin set out to reinvent what flexible income — and home business opportunities — look like for the modern woman. She speaks to the importance of saving and investing, but she and I agree that your most important investment is the one you make in your skill set — especially if you're in the gig economy. In Mailbag, the pros and cons of using your savings to learn a new skill and checking your credit report and score for free. And speaking of credit scores...our friend Michelle Singletary (also a future guest) has a perfect one. We share how she achieved the 850 mark.
Rank #12: Ep 72: Five Simple Life-Changing Rules Of Investing With Alice Finn
It took a former rocket scientist to figure out that investing isn't all that complicated after all. Alice Finn's career has taken her from NASA to wealth management to author. In her new book, Smart Women Love Money, and in our conversation, she lays out the only five things you need to do to guarantee financial success — and why embracing your inner investor is feminism's final frontier. Then Kelly and I dig into your questions about maximizing a post-divorce nest egg and the either/or of investing your savings or paying off debt. And we ponder this biggie: How much money is enough? Please leave us a review and share us with your loved ones!
Rank #13: Ep 139: Yes, Women Want & Need Different Financial Advice
We’ve got the O.G. B.F.F. (best financial friend) on the show this week. Shannon McLay is the founder and CEO of The Financial Gym, a financial services company that’s disrupting the industry’s approach with women (and some men) on how they overhaul their relationships with money and work towards financial success. We discuss why women want (and need) different financial advice, what's working, what isn't and how Shannon is successfully raising capital for her company from men who can't relate. In Mailbag, we answer your questions on finding a job in the financial services industry, balancing wants vs. needs and understanding an annuity alongside other retirement accounts. Finally, because there’s so much going on in our world that’s blazing a light on our differences rather than our similarities, we thought it would be nice to focus on something we all want: happiness. Join us in Thrive.
Rank #14: Ep 61: Make More Money With The Penny Hoarder’s Kyle Taylor
This week, we've got a ramen-to-riches story for you. Kyle Taylor, founder and CEO of The Penny Hoarder (a booming personal finance site) had a spending addiction and could not, would not, ask his parents to bail him out one more time. So he started gigging (i.e. beer auditing, movie preview auditor). Then he started blogging about how you could do the same. And that blog has now become big business. If you've ever wanted to earn some extra money on the side — or write (profitably) about your passion, we've got the skinny. Plus, Kelly and I answer your questions on inheritance, saving for a down payment and retirement planning for the self-employed. And, finally, meet Hayden Field from the HerMoney team! Hayden explains the money-saving art of app stacking. As always, please share us with your girlfriends and leave us a review.
Rank #15: Ep 106: How To Overcome Your Fear of Investing
Does women + Investing = Fear? It might, according to some new research our guest, Libby Leffler, brings to the show this week. Libby, who was Sheryl Sandberg's business lead during the time Lean In went from a kernel to a full-fledged movement, is now VP of Membership at SoFi. She gives us her take on how to get more involved with your investments (and why it's so important), and shares the best advice Sandberg ever gave her. Then, Kelly and I answer your questions on when to cash in a whole life insurance policy, how to rollover retirement accounts and how to pay down debt and build an emergency savings at the same time. Oh — and in case you haven't heard — HerMoney is now a skill on Amazon Alexa! You can enable it here: https://amzn.to/2v0G7So.
Rank #16: Ep 143: For More Wealth, Freedom & Peace Of Mind in 2019, Practice The Art Of Abundance
We’re in the second week of 2019 — and with our New Year’s resolutions fresh in our minds — we thought it’d be an opportune time to talk about abundance. Or rather, the art of abundance with Leisa Peterson. Leisa is a wealth coach, business strategist, podcaster and author, who is known for her ability to quickly identify the exact issues that are holding us back from achieving our goals. She’s helped thousands of people (including us) develop practical skills for attracting greater wealth, freedom and peace of mind. In Mailbag, we cover your questions on refinancing student debt, aligning your budget with your ethics and exploring career opportunities in the financial services industry. Finally, have you heard of the FIRE movement? We’ve mentioned it on the show before and we have a podcast dedicated to it coming up soon. In the meantime, a FIRE 101 in Thrive.
Rank #17: Ep 153: Women With Money
The tables are turning for women and money—and the roles are reversing in this week’s episode. To celebrate the upcoming launch of Jean’s new book, “Women with Money: The Judgment-Free Guide to Creating the Joyful, Less Stressed, Purposeful (and, Yes, Rich) Life You Deserve,” Kelly interviews Jean for the very first time. Women have more money and more power than ever before and there’s more coming our way. We talk about the important ways in which we can use our money and our power to make life better for us, for the people we love and for the world. Above all, learn more about Jean—and why this book is more personal for her than any other book she’s written before. We close the show by answering your questions (of course) on paying off mortgages in the FIRE movement, FAFSA considerations for students who take breaks between school, the pros of tax-deductible IRAs and more. Women With Money is available for preorder now on WomenWithMoneyBook.com.
Rank #18: Ep 83: Avoid Sleep Debt With Nancy H. Rothstein
Sleep debt. It's a real thing, and it affects two-thirds of women. When we shut off the lights and can’t shut off our brains, what should we do? This week, we sit down with Nancy H. Rothstein, The Sleep Ambassador, to get the answers. We discuss why our sleep is suffering, how to turn it around and why doing so is in our finances' best interest as well. Speaking of which, Kelly and I answer your questions on personal loans for five-figure debt and where to keep emergency savings for the best returns. And, inspired by Congress's almost-Rothification of 401(k)s, we look at research on traditional and Roth 401(k)s and whether the difference between the two impacts how — and how much — we save. As always, we love hearing from you. Leave us a review on Apple Podcasts telling us what you think and what you want more of.
Rank #19: Ep 146: One Woman’s Journey To Financial Independence
Building on last week’s episode on the FIRE movement, this week we sit down with Jamila Souffrant, creator of the blog and podcast, Journey To Launch, in which she chronicles her and her family’s experience towards financial independence. “For most people who hear about FIRE movement it seems overwhelming,” says Jamila. “I like to modify it and say it [financial independence] can mean anything you want it to mean. In my case, it meant I wanted to retire from my corporate job to do work I love.” Jamila is candid on how she and her husband increased their savings rate, modified their investments and managed their accounts together to make this happen. In fact, we all might want to take a lesson in financial togetherness (and respect) from this couple. In Mailbag, we answer your questions on maxing out 401(k)s without compromising your short-term goals, protecting your finances when buying property with a future spouse and funding HSAs. And Jamila’s story has us wondering: Do you feel engaged in what you're doing at work? If not, we discuss new research that can help in Thrive.
Rank #20: Ep 145: Ring The Alarm! We’re Talking FIRE
Only you can prevent running out of money in retirement. OK, we’ll cool it with the fire and Smokey The Bear puns. This savings crisis is one we’ve covered before, but this week we’re discussing what thousands of people are calling the solution: The FIRE (Financial Independence Retire Early) Movement. Our two experts, Jonathan Mendonsa and Brad Barrett, co-hosts of the ChooseFi podcast, explain what it is, its “simple math” and why it’s so popular: “You know, I think all of us kind of understand the golden years are the years that you're allowed to do everything that you've really wanted,” says Jonathan. “Now society has given you the permission to go do that...I don't just want my golden years right—I want my best years.” Then, in Mailbag, we answer your questions on how college students can start investing and building credit when they have none. Plus, there’s another gap—not in our favor—we can add to the list: the stress gap. Sigh, and talk solutions with us in Thrive.