509 episodes

Anyone who tells you women don’t need financial advice specifically for them is wrong. Women, whether they’re the caretakers, the breadwinners, or both, face a unique set of financial challenges. That’s where HerMoney comes in. In her frank, often funny, but always compassionate way, Jean Chatzky takes every audience of women through the steps they need to take today to live comfortably (and worry-free) tomorrow, offering the latest research, expert tips and personal advice. Want more money news when you need it? Get the latest and greatest updates on all things investing, budgeting, and making money. Subscribe to the HerMoney newsletter at HerMoney.com/subscribe!

HerMoney with Jean Chatzky Jean Chatzky Her Money

    • Business

Anyone who tells you women don’t need financial advice specifically for them is wrong. Women, whether they’re the caretakers, the breadwinners, or both, face a unique set of financial challenges. That’s where HerMoney comes in. In her frank, often funny, but always compassionate way, Jean Chatzky takes every audience of women through the steps they need to take today to live comfortably (and worry-free) tomorrow, offering the latest research, expert tips and personal advice. Want more money news when you need it? Get the latest and greatest updates on all things investing, budgeting, and making money. Subscribe to the HerMoney newsletter at HerMoney.com/subscribe!

    Map Out A Long-Term Strategy For Your Career

    Map Out A Long-Term Strategy For Your Career

    Have you ever stopped for a second and thought about all of the things you do at work in a week? There are some tasks most of us need to do to be successful at our jobs. But do you also find yourself doing other tasks like administrative work, planning and setting up for parties, or training new employees? And have these responsibilities started to take over your work days?  
    If so, you’re not alone. These types of tasks are called “non-promotable tasks” and women volunteer for them far more often than men. 
    Dorie Clark’s new book, The Long Game: How To Be A Long-Term Thinker In A Short-Term World delves into how the little tasks we do day to day at work may be harming our long-term career strategy.

    Chapters:
    00:00: Introduction
    02:57: Busyness as an Anesthetic
    07:42: Defining Long-Term and Short-Term Thinking
    14:56: The Importance of Saying No
    18:32: Optimizing for Interesting
    25:56: Career Waves and Making Smart Choices
    28:51: Conclusion

    Takeaways:

    Non-promotable tasks, such as administrative work and planning office parties, can take up valuable time and prevent you from focusing on tasks that align with your long-term career goals.

    It is important to recognize and address overworking as a coping mechanism.

    Long-term thinking involves considering the big picture and making choices that optimize for interesting and meaningful work.

    Saying no can be challenging, but it is important to set boundaries and prioritize tasks that align with personal and professional goals.

    Asking important questions, such as the total cost and physical/emotional impact of a task, can help evaluate requests and make informed decisions.

    Navigating different phases of a career involves transitioning between learning, sharing, connecting, and reaping phases, and being willing to disrupt oneself to avoid stagnation.


    Have a question for us? Write in at mailbag@hermoney.com. Join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe!

    The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney.
    Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com.
    Learn more about your ad choices. Visit megaphone.fm/adchoices

    • 34 min
    Navigating Financial Advice As A Black Woman

    Navigating Financial Advice As A Black Woman

    According to the Institute for Women’s Policy Research, while white women earn 82 cents for every dollar earned by a white man, Black women earn just 64 cents. Dasha Kennedy says that for Black women specifically, there are a myriad of reasons for that. 
    Dasha Kennedy is the founder of the Broke Black Girl, where she shares her personal journey of overcoming financial struggles and specific advice for Black women. Dasha is also a Financial Wellness Board member with National Debt Relief. This Black Women’s Equal Pay Day, she joins us to talk about how she’s pushing back against the gender wage gap and her favorite ways to save money in 2024.
    Have a question for us? Write in at mailbag@hermoney.com.
    Chapters:
    00:00: Introduction
    07:45: Creating Broke Black Girl
    11:06: Spending Intentionally
    16:22: Pay Yourself First vs. Prioritize Savings
    17:57: Collecting Experiences Over Things
    19:52: Debt Strategies
    22:22: Renting vs. Buying
    27:07: Mailbag Segment
    29:01: Understanding Mutual Fund Fees
    36:25: Credit Score Variability

    Takeaways:

    The gender pay gap is a persistent issue, and Black women face an even larger gap compared to white women.

    Black women need specially tailored financial advice due to their unique experiences as the intersection of race and gender.

    Strategies for overcoming debt include spending intentionally, setting spending limits, and prioritizing savings.

    Collecting experiences can be more fulfilling than collecting material possessions.

    Taking small steps and breaking down financial goals into manageable increments can lead to long-term progress.


    Join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe!

    The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney.
    Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com.
    Learn more about your ad choices. Visit megaphone.fm/adchoices

    • 45 min
    Is AI Coming For Your Job?

    Is AI Coming For Your Job?

    The promise and the peril of AI in the workplace seem to be all anyone can talk about these days and the biggest question on all of our minds is — will AI take my job? 
    According to Fortune 500 Human Resource Officers, the answer is yes, AI could be coming for your job. Gallup found that seventy-two percent of Fortune 500 leaders foresee AI replacing jobs in their organization in the next three years. So how do we get ahead of this?
    Our guest today, Hilke Schellman, author of The Algorithm: How AI Decides Who Gets Hired, Monitored, Promoted, and Fired, and Why We Need to Fight Back Now shares her ideas. 
    In Mailbag, we read a listener response to a previous mailbag on the pros and cons of pensions in Europe. We also hear from someone who’s wondering if it would be better to take money out of a long-term care insurance policy and invest it in the stock market. 
    Chapters:
    00:00: Introduction
    05:30: Understanding AI
    09:22: Challenges for New Graduates
    15:06: Making Your Resume Machine Readable
    24:54: Preparing for AI-Based Interviews
    28:48: Using AI Tools to Your Advantage
    29:21: Transition to Mailbag Segment
    33:46: Listener Advice on European Pensions
    38:20: Long-Term Care Insurance

    Takeaways:

    AI is predicted to replace jobs, with women's jobs being more affected.

    AI tools are used in job interviews and can analyze facial expressions, speech patterns, and keywords to assess candidates.

    Job seekers can improve their chances by making their resumes machine-readable, using tools like JobScan, and reaching out to recruiters directly.

    Employees should be aware that their online activities and communications at work can be monitored by AI tools.

    Dabbling with AI tools and staying up to date with AI technology can make individuals more employable.


    Have a question for us? We'd love to hear from you! Write in or send us a voicenote at mailbag@hermoney.com.
    Join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe!
    The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney.
    Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com.
    Learn more about your ad choices. Visit megaphone.fm/adchoices

    • 43 min
    Mailbag: Should I put less into retirement to pay for necessary home renovations?

    Mailbag: Should I put less into retirement to pay for necessary home renovations?

    In this Mailbag, Jean talks to Alyce about how to pay for home renovations for her special needs daughter and whether it's reasonable to adjust her retirement savings. She and her husband have a home equity line of credit (HELOC) and are concerned about the high interest rate. They also discuss whether they should consider a TSP loan or reduce retirement contributions to pay off the HELOC. 
    Have a question for us? Write in at mailbag@hermoney.com.
    Join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe!

    Takeaways:

    Consider using a TSP loan or reducing retirement contributions to pay off high-interest debt.

    Consult with a financial advisor who specializes in special needs planning.

    Set up a special needs trust and consider other estate planning options for a child with disabilities.

    Take advantage of employer-matching contributions for retirement savings.

    Evaluate the performance and usefulness of random investment accounts and consider selling them for immediate needs.


    Chapters:
    00:00: Introduction
    01:44: Alyce's Family and Home Renovation Needs
    07:28: Comparing Mortgage and HELOC Rates
    11:04: Retirement Savings Overview
    18:38: Considering a TSP Loan
    21:48: Selling Stock and Brokerage Account
    23:33: Final Advice

    The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney.
    Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com.
    Learn more about your ad choices. Visit megaphone.fm/adchoices

    • 27 min
    The Messy Truth Behind Building A Multi-Million Dollar Business

    The Messy Truth Behind Building A Multi-Million Dollar Business

    When we talk about the question of whether women can have it “all,” successful careers, thriving marriages, and families, the messy truth is often, no, at least not all at the same time. 
    Alli Webb, founder of Drybar found that out the hard way when her business blew up seemingly overnight. She shares what fame, attention, and obsession with building a brand cost her and how she found herself again in the wake of the fallout.
    In Mailbag, a listener asks if using roadside assistance too many times in a year can cause an increase in her car insurance. Another listener has a question about whether or not she should stay in her marital home post-divorce or sell it and build up her savings for retirement.  
    Chapters:
    0:00: Introduction
    03:13 Drybar: From Mobile Business to Brick-and-Mortar
    08:14 The Rapid Growth of Drybar and the Cost of Success
    21:55 Success and How It Impacted Alli’s Relationships
    27:19 Deciding to Let Go of Drybar
    31:26 Finding Validation from Within
    31:32: Transition to Mailbag
    34:58: Listener Question: Auto Insurance and Roadside Assistance
    37:29: Listener Question: Mortgage vs. Savings Post-Divorce

    Takeaways:

    Figuring out your greatest passions can lead to a successful business idea.

    Scaling a business quickly can be both exciting and overwhelming.

    Finding balance between work and personal life is crucial for happiness and well-being, especially as an entrepreneur.

    Excellent customer service and creating a welcoming environment are key to building a loyal customer base. 

    Success in business can sometimes lead to problems in personal relationships, and it's important to recognize and address these issues.

    Learning to look inward and understand oneself is crucial for personal growth.

    Having a community of like-minded entrepreneurs can provide support, guidance, and solutions to common challenges.

    Going through difficult times can lead to self-discovery and personal growth, ultimately leading to a happier and more fulfilling life.


    Join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe!
    The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney.
    Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com.
    Learn more about your ad choices. Visit megaphone.fm/adchoices

    • 45 min
    Do Money Manifestations Do Anything?

    Do Money Manifestations Do Anything?

    We’re told to use money affirmations like “I am rich” and “I am always discovering new sources of income” to increase our abundance. We’re even told that we can manifest our way to a completely new life using the power of positive feelings and good vibes. But do money manifestations really work? 
    Amanda Montell had the same question. In her new book, The Age of Magical OverThinking: Notes on Modern Irrationality, she digs into our obsession with manifestations, nostalgia, confirmation bias, and what it all has to do with our modern existence. (Hint: It’s a lot more than you might think.)

    Chapters:
    00:00: Introduction
    04:55: Cognitive Biases and Their Impact
    07:44: Cognitive Biases in Financial Decision-Making
    13:22: Money Manifestations and Magical Thinking
    21:27: Spending on Self-Healing and New Age Practice
    26:32: Shine Theory and Female Competition

    Takeaways:

    Cognitive biases are mental magic tricks that we play on ourselves to make sense of the world, but they can clash with the information age and lead to irrationality.

    Positive thinking and optimism have benefits, but applying absolutist ideology or capitalism to ideas of manifestation can be harmful.

    Women are more likely to spend money on self-healing practices due to marketing and societal conditioning, but balancing optimism and skepticism is crucial.

    Overconfidence is a bias that affects both men and women, manifesting in different contexts.

    Shine theory, the idea that another person's success does not diminish your own can help combat jealousy and foster connections.


    More money news when you need it! Get the latest and greatest updates on all things investing, budgeting, and making money. Subscribe to the HerMoney newsletter at Hermoney.com/subscribe!

    The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney.
    Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com.
    Learn more about your ad choices. Visit megaphone.fm/adchoices

    • 35 min

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