Tackling the LGBTQ+ wealth gap: How career choice plays a role

Wage disparities across industries are stark, especially for LGBTQ+ folks where only 1 in 25 LGBTQ+ men hold high-paying jobs compared to 1 in 7 non-LGBTQ+ men, according to Prudential's 2018 Financial Wealth Census. With less money coming into the LGBTQ+ community than other demographics, how can the community find financial growth and success?

In this episode of Living Not So Fabulously, hosts David & John Auten-Schneider speak with Merrill Lynch financial adviser Ari Linder to explore the financial realities of choosing seemingly do-gooder careers over a financially secure one. Linder explained why LGBTQ+ folks might feel more inclined to pick career paths that have smaller paychecks. This was exactly what led Linder to pivot from social work to financial advising. "Those of us who maybe have felt like we have been at a disadvantage or discriminated against or pushed down, we want to try to solve those kinds of problems," they explained.

In their work in as a financial adviser, Linder focuses on helping the community with unique needs. For them, being transgender has given them a deeper connection with their clients, explaining, "It's not just about their finances; it's about understanding the life challenges that come with being part of the LGBTQ+ community." Don't miss this powerful episode on how financial planning is financial freedom.

Hosts and husbands of Living Not So Fabulously, David & John Auten-Schneider, dive into real money stories with activists, allies, artists, tech-gurus, and trailblazers in the LGBTQ+ community to give you tangible takeaways to tackle your wallet woes.

Find this episode's transcripts and more episodes of Living Not So Fabulously at http://finance.yahoo.com/videos/series/living-fabulously/.

Have a money story of your own? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.

00:00-Ari Linder joins Living Not So Fabulously

06:00-Personal finance = fancy social work

08:15-Why LGBTQ+ folks are drawn to do-gooder careers

14:00-A rewarding career in personal finance

17:15-First out trans financial advisor (that Merrill knows of)

18:00-Uniqueness of LGBTQ+ financial planning

Yahoo Finance's Living Not So Fabulously is hosted by David & John Auten-Schneider, and created and produced by Rachael Lewis-Krisky.

Ari Linder is a Financial Adviser at Merrill Lynch Wealth Management, and welcomes folks to reach out with any career advice on the financial sector; "If you're looking to join the financial industry, if you're not sure what this all looks like, if you need someone like I did to show you what it looks like, contact me."

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