Avsnitt
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Money stress got you in a chokehold? You're not alone, and you’re not broken.
In this episode, we get real about financial anxiety—that all-too-familiar spiral of dread that hits your gut when you check your bank account. But here's the twist: it’s often not about the dollars—it’s about the drama behind them. 💅
We kick things off with a heartfelt question from our listener Mark, who shares how financial fear keeps creeping in, even when things look okay on paper. From there, we break down five fierce, practical steps to stop letting money anxiety run the show. Think gratitude, journaling, support systems—and no, not just retail therapy.
Because healing your relationship with money isn’t just smart—it’s radical, it’s queer, and it’s fabulous.
Takeaways:✨ In our first questions episode of the year, we dive headfirst into one of the most common struggles in our community—financial anxiety—and how to kick it to the curb.💸 We unpack the difference between real money problems and the emotional drama we carry around cash—because sometimes it’s not your budget, it’s your baggage.🧠 You’ll learn five doable, feel-better steps to ease money anxiety—starting with practicing gratitude and getting mindful (don’t worry, no incense required).📊 A jaw-dropping 93% of folks in our community told us they struggle with financial decision-making. So no, babe, it’s not just you.🧍♂️ David gets personal with stories of how early money trauma still haunts our financial mindset today (we’re talking deep-rooted, generational stuff).💞 And finally, we remind you that healing your money story doesn’t have to be a solo act—build your money squad and lean on your people.
Chapters:00:22 - Overcoming Financial Anxiety00:51 - Understanding Financial Anxiety and Its Origins09:24 - Overcoming Financial Anxiety: Steps to Take12:32 - Strategies for Managing Financial Anxiety16:32 - Overcoming Financial Anxiety: Practical TipsMentioned in this episode:
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Return to Office? Honey, At What Cost?!
In this episode, we’re breaking down the real price of trading sweatpants for slacks. From $18 salads to skyrocketing childcare and grooming costs, heading back to the office could be draining your bank account by nearly $3,000 a month. But wait—there’s more! We’re spilling the tea on who really benefits from RTO (spoiler: it’s not you). From big biz to real estate moguls, we unpack the money trail behind the push to fill those cubicles. If you’ve ever asked yourself, “Is this desk job worth the dry cleaning bill?”—this one’s for you.
Takeaways: The RTO economy is giving Real Housewives drama—everyone's got a stake, from your boss to the billionaire behind the office leaseBetween gas, grub, grooming, and a sitter, going back to the office can cost more than Tay-tay floor seatsYour neighborhood café and dry cleaner miss your weekday meltdown lattes—local businesses are as thirsty for your return as you are for the hot barista behind the counterKnow the hidden costs so you don’t end up broke and bitter—negotiate benefits like you're Olivia Pope in PradaOffice buildings are the clingy exes of the economy—they need you back to feel whole againPerks like transit stipends and childcare credits may be buried in your HR handbook like an Easter egg—go on a treasure hunt, baby
Show Topics:00:06 – Sweatpants to Pay Pants: The Cost of Comfort00:16 – Who’s Really Profiting from Your Office Comeback?06:11 – Desk Jobs & Dollar Signs: The RTO Ripple Effect09:39 – Latte Gaps & Local Crashes: Pandemic Fallout IRL12:04 – Office Life on a Budget: Slay, Don’t Pay13:32 – HR Secrets: Unlocking the Perks You DeserveMentioned in this episode:
Support the Queer Money podcast
We love bringing you new content every week. Help us keep doing that. Click the link below to support our mission of financial empowerment for the LGBTQ+ community.
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Subscribe here to get weekly money tips, show notes, Queer Money take-aways, give-aways, access to events and more.
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Saknas det avsnitt?
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Don’t Let a Market Tantrum Wreck Your Retirement Glow-Up
The stock market’s throwing a fit again—cue the dramatic music and the ghost of 1930s-style tariffs. But before you clutch your pearls and cash out your 401(k), let’s talk strategy. On this episode of Queer Money, we break down what all this market chaos actually means for your retirement dreams—and why it’s not the time to panic.
We're serving up calm, clarity, and a reminder that emotional investing is so last season. Selling in a panic? That just locks in your losses and wrecks your long-term glam plan. Instead, we spill the tea on why keeping those retirement contributions flowing—rain or shine—is the best way to build true wealth.
Because here’s the truth: retirement should be a well-planned runway strut, not a frantic sprint in heels during a hurricane.
Takeaways:✨ Don’t sell in a snit - Panic selling when the market dips is like breaking up with your sugar daddy during a minor disagreement—it might feel right in the moment, but you’ll miss the long-term benefits. Hold steady and don’t lock in those losses.✨ Keep those contributions coming, honey - Whether you’re 25 or 65, consistency is key. Retirement investing isn’t a short fling—it’s a committed relationship. Keep funding those accounts, even when the market feels like it’s ghosting you.✨ History’s got your back (and your portfolio) - Markets have been drama queens before—wars, recessions, scandals—but they always bounce back. Think of downturns as the messy middle of a glow-up montage.✨ Check your financial feng shui - Now’s a great time to review your portfolio. Is your asset mix aligned with your risk vibe and retirement goals? If not, it might be time for a little financial redecorating.
Topics Covered:00:01 - The Gala Event Dilemma00:39 - The Impact of Tariffs on the Stock Market02:57 - Understanding Market Corrections and Bear Markets06:41 - Strategies for Portfolio Management During Volatility07:45 - Rebalancing Your Portfolio StrategiesMentioned in this episode:
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Subscribe here to get weekly money tips, show notes, Queer Money take-aways, give-aways, access to events and more.
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Support the Queer Money podcast
We love bringing you new content every week. Help us keep doing that. Click the link below to support our mission of financial empowerment for the LGBTQ+ community.
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Queer Money Kickstarter
Whether you’re starting your money journey or your exit plan to retirement, get the free Queer Money Kickstarter here to succeed with both.
QM Kickstarter
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How can you guarantee a fabulous retirement?
Retirement isn’t just about the dollars—it’s about designing a life of freedom, security, and fierce self-expression.
In this episode, we’re diving into nine essential money moves every LGBTQ person (especially fabulous folks over 45) should make to retire with confidence, not chaos.
Because let’s face it—only 35% of LGBTQ Americans over 45 feel financially ready for retirement. And we deserve better.
From ditching debt and dodging tax traps to building a “bitch, I’m fine” fund and finding your post-career purpose, we’re breaking down the strategies to help you retire with peace of mind and a little sparkle.
This episode is your mini masterclass in queer retirement prep—with just the right amount of sass, stats, and soul.
💅 Let’s make sure your golden years are as fabulous as you are.
Takeaways:✨ Retirement isn’t just about money—it’s about freedom, security, and living life on your terms - You didn’t come this far to live a cookie-cutter life. Retirement should reflect you.📉 Too many LGBTQ Americans are entering retirement feeling unsure and unprepared - Only 35% of us over 45 feel confident about our financial future. We’re here to change that.💰 You need a “Bitch, I’m Fine” fund - That’s your emergency stash—12–24 months of expenses in cash to protect your peace and your portfolio.🩺 Plan your healthcare before you need it - Don’t let surprise medical bills ruin your retirement glow-up. Get ahead of the game now.🧾 Social Security isn’t just a check—it’s a strategy - The right timing can mean thousands more over your lifetime. Know your options, especially if you’re single or partnered without spousal benefits.📂 Simplify, darling - Consolidating your retirement accounts makes managing your money easier and your future clearer. Less paperwork, more peace of mind.
Topics Covered: 00:01 - Understanding Retirement Beyond Finances01:33 - Essential Money Moves for Retirement04:41 - Understanding Retirement Finances08:21 - Navigating Healthcare Options in Retirement10:30 - Navigating Retirement: A New BeginningMentioned in this episode:
Support the Queer Money podcast
We love bringing you new content every week. Help us keep doing that. Click the link below to support our mission of financial empowerment for the LGBTQ+ community.
Support the Queer Money podcast - Buy us some coffee
Queer Money Kickstarter
Whether you’re starting your money journey or your exit plan to retirement, get the free Queer Money Kickstarter here to succeed with both.
QM Kickstarter
Subscribe to the Queer Money Weekly Newsletter
Subscribe here to get weekly money tips, show notes, Queer Money take-aways, give-aways, access to events and more.
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Stop Gaslighting Yourself About Your Money, Darling!
Let’s spill the financial tea, shall we? In this episode, we dive into the sneaky, self-sabotaging habit of self-gaslighting—yes, it’s a thing—and how it’s keeping too many in the LGBTQ community stuck in a cycle of overspending, under-planning, and telling themselves it’s totally fine when it’s anything but.
We’re calling out the little lies we tell ourselves: “I deserve this splurge,” “I’ll save later,” “Debt is just a part of life.” Sound familiar? From lifestyle inflation to credit card quicksand, we break down the psychological traps and societal pressures that trick queer folks into trading long-term stability for short-term fabulousness.
But don’t worry—this isn’t about guilt. It’s about waking up, owning your truth, and making money moves that serve your future self. Tune in for real talk, mindset shifts, and tips to help you stop faking financial security and start building it—for real this time.
Takeaways:💸 We're not just budgeting wrong—we're telling ourselves financial fairy tales. Too many LGBTQ folks are self-gaslighting when it comes to money, pretending they’re financially secure while secretly dodging their credit card statements.👠 Champagne taste, ramen budget. The obsession with luxury and looking the part often wins out over actually being financially stable.📸 Instagram ain't real life. A huge number of LGBTQ adults feel the pressure to live big, bold, and bougie because of societal (and social media) expectations. But that curated feed won’t fund your future.🎯 Goals aren’t just for gym bros. Without clear financial targets, it’s way too easy to rack up debt and kiss your long-term savings goodbye.🔥 Self-sabotage in sequins. Impulsive spending may feel fabulous in the moment, but it’s often a sparkly distraction from what really matters—retirement, security, and peace of mind.🤝 Get you a money buddy. Accountability partnerships can turn your financial “oops” into “I got this,” helping you stay aligned with your actual goals—not just your next splurge.
Topics Covered:00:04 – Setting the Stage (and the Standard) ⏰ - We kick things off with a real talk on how standards of living have gone from “comfortable” to “keeping up with the most filtered gays on Instagram.”01:20 – Gaslighting 101: Girl, You’re Doing It to Yourself 🧠 - We break down the psychology of gaslighting—and how some of us have become expert-level at convincing ourselves that financial chaos is totally normal.04:30 – Pressure Cooker: Queer Edition 😰 - We dig into the emotional weight of financial expectations in the LGBTQ community—and why it’s messing with our mental and money health.08:01 – Professional, Polished, and…Penniless? 💼 - Even the most buttoned-up LGBTQ professionals aren’t immune to the illusion. We get real about income, spending, and the quiet struggles behind that fierce LinkedIn photo.09:21 – Swipe Now, Cry Later 💳 - The illusion of wealth? It’s often backed by credit card debt and a dash of denial. We’re pulling back the curtain on how deep the spending trap goes.11:45 – Get You Some Goals (and a Money Bestie) 🎯 - We wrap it up with how to turn the tide: set clear financial goals, stop gaslighting yourself, and grab an accountability partner who won’t let you shop your retirement away.Mentioned in this episode:
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Are Gay GenXers Too Broke to Retire?
Are gay Gen Xers destined for a financially fabulous retirement 💸✨, or are we teetering on the edge of a financial faceplant? On this episode of Queer Money, we spill the ☕️ on whether our generation is doomed to work ‘til we drop or if there’s still time to secure that dream retirement—one with bottomless brunches 🥂 instead of bottomless debt. 😵💳
With inflation throwing tantrums 📈, the cost of living strutting up like it’s on a runway, and traditional retirement benefits ghosting us like a bad Tinder date, it’s no wonder nearly 50% of Gen Xers are at risk of retiring broke. 😨 And let’s be real—LGBTQ+ folks often juggle even heavier financial baggage, from higher debt to fewer assets, making retirement planning feel more like an Olympic sport. 🏆
But don’t clutch your pearls just yet! 📿 We’re here to dish out the strategies, tips, and hard truths you need to turn your financial future from meh to magnifique. 💅💖 Tune in, take notes 📝, and let’s get serious about securing that rich, restful retirement we all deserve! 🏝️💃💵
Takeaways:Let’s be real—too many gay Gen Xers are staring down retirement with more financial anxiety than a drag queen lip-syncing for her life. 💰😱A shocking number of LGBTQ+ adults over 45 are sweating over their financial future—because let’s face it, "winging it" isn’t a retirement plan.Inflation and the cost of literally everything (looking at you, $8 avocados 🥑💸) are making it even harder for our community to get ahead.It’s time to stop playing defense with our money and start making some power moves—financial planning and debt slaying are the new self-care. ✨💅We love taking care of our chosen family, but honey, if you’re not putting your own oxygen mask on first, your retirement dreams might be DOA. 🚨🏖️Investing—even just a little—is the VIP ticket to a cushy retirement, especially now that inheritances and pensions are as rare as a Grindr date that actually wants to grab coffee first. ☕💸
Topics Covered:00:00 - Understanding Retirement for Gay Gen Xers02:51 - Economic Anxiety and Retirement Challenges for Gen Xers05:30 - Financial Security and Generational Struggles09:41 - Taking Control of Our Financial Future14:02 - Ditching the Rich Uncle Mentality
Let's connect:Queer Money InstagramQueer Money YouTubeConnect with John on LinkedInConnect with David on LinkedInMentioned in this episode:
Support the Queer Money podcast
We love bringing you new content every week. Help us keep doing that. Click the link below to support our mission of financial empowerment for the LGBTQ+ community.
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Are you on the path to a tragic, basic, happy or fabulous retirement? Find out where and begin your journey to a better retirement with our Happy Gay Retirement Calculator.
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Is the LGBTQ+ community improving financially?
Good news, fam! The LGBTQ+ community is stepping up its financial game, and we’ve got the receipts. 📊 According to the Motley Fool Debt Free Guys LGBTQ Money Study and Prudential’s 2018 Study, more of us are finally embracing basic banking tools—checking accounts, savings accounts, and the financial stability they bring.
Why does this matter? Because keeping your cash in a shoebox under the bed is so last century. 🏦 By using these essential financial products, we’re not just catching up to the general population—we’re saving money, avoiding fees, and building real financial security.
This shift isn’t just a cute trend; it’s a power move. 💪🏽 So if you’re still playing hide-and-seek with your money, now’s the time to get that banking game on point. Let’s keep pushing forward and making our wallets as fabulous as we are! 🌈💰
Topics Covered:00:05 - Trends in Queer Finances01:03 - Financial Progress in the LGBTQ+ Community02:40 - The Importance of Financial Tools in the LGBTQ+ Community03:56 - Understanding Financial Tools for Stability04:50 - Encouraging Financial Empowerment for Young Queer Individuals
Takeaways: The queer community is experiencing a positive shift in financial behaviors and attitudes. Recent studies indicate that LGBTQ individuals are increasingly utilizing essential banking services. Financial stability among the queer community is essential for broader social progress and rights advocacy. Basic banking tools are crucial for reducing unnecessary financial burdens and enhancing overall quality of life. Promoting financial education among younger queer individuals is vital for fostering long-term independence. Utilizing checking and savings accounts can significantly improve financial security and sustainability for LGBTQ individuals.
Links referenced in this episode:motleyfool.comprudential.com
Let's connect:Queer Money InstagramQueer Money YouTubeConnect with John on LinkedInConnect with David on LinkedInMentioned in this episode:
Support the Queer Money podcast
We love bringing you new content every week. Help us keep doing that. Click the link below to support our mission of financial empowerment for the LGBTQ+ community.
Support the Queer Money podcast - Buy us some coffee
Get the FREE Happy Gay Retirement Calculator
Are you on the path to a tragic, basic, happy or fabulous retirement? Find out where and begin your journey to a better retirement with our Happy Gay Retirement Calculator.
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How queer teens can prepare for a life of independence
Hey, fabulous queer fam! In this episode, we’re diving into money talk with a twist—designed especially for queer teens and young adults. We’re dishing out practical, fun financial tips that honor your unique journey. Along the way, we share our own stories about overcoming self-doubt and smashing those limiting beliefs about worth and financial smarts. Get ready to learn five must-know money moves—from launching a Roth IRA, sidestepping credit card traps, to living smart on your dime—that will empower you to own your future with confidence and flair. Let’s slay the financial game together and build a future as brilliant as you are!
Show Notes:Hey there, beautiful people! In this chat, we're getting real about the money struggles many queer teens face, especially when it comes to financial independence. John and David open up about their own journeys, sharing how societal and family pressures can mess with your confidence and financial mojo. They highlight how growing up in restrictive environments can sometimes lead to doubting your own worth and money potential. But here's the kicker: we're flipping the script! We’re dropping some real-deal advice to help you kick those limiting beliefs to the curb. Learn how to build your savings—think cool moves like starting a Roth IRA—and dodge the pitfalls of credit card debt. It's all about laying down a strong financial foundation to rock adulting with pride, confidence, and a splash of glitter. Let’s empower our queer community to thrive financially and emotionally, together!
Takeaways:Discover key money moves for queer teens, blending financial savvy with emotional strength.Smash limiting beliefs about self-worth and financial success.Get a head start on investing—think Roth IRA for future security.Dodge credit card traps and keep your spending in check.Use apps to track your spending and stay on top of your money game.Live below your means to build a solid, stress-free financial future.
Topics Covered:00:10 - Reflecting on Financial Advice04:12 - Financial Advice for Queer Teens05:55 - Overcoming Limiting Beliefs for Financial Security08:36 - Avoiding Credit Card Debt: A Lesson for Young Adults11:12 - Understanding Financial Responsibility
Let's connect:Queer Money InstagramQueer Money YouTubeConnect with John on LinkedInConnect with David on LinkedInMentioned in this episode:
Support the Queer Money podcast
We love bringing you new content every week. Help us keep doing that. Click the link below to support our mission of financial empowerment for the LGBTQ+ community.
Support the Queer Money podcast - Buy us some coffee
Get the FREE Happy Gay Retirement Calculator
Are you on the path to a tragic, basic, happy or fabulous retirement? Find out where and begin your journey to a better retirement with our Happy Gay Retirement Calculator.
Happy Gay Retirement Calculator
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Are You Stuck in the Debt Depression Spiral?
Do you find yourself swiping your credit card to cure a bad day, only to wake up with a financial hangover and a side of regret? Welcome to the debt depression spiral, where retail therapy turns into retail tragedy. But don’t worry, bestie—we’re here to throw you a fabulous financial lifeline.
In this episode, we break down five game-changing strategies to help you snap out of this vicious cycle and reclaim your coins (and your sanity). From no-spend weekends that don’t feel like punishment to ditching social media FOMO, we’ve got the tea on how to stop stress-spending and start thriving. Let’s recognize the spiral, call it out for the messy queen it is, and get the F out—for good!
Show NotesWhat’s gayer than a brunch mimosa and messier than a Real Housewives reunion? The debt depression spiral. It’s that toxic little loop where you spend money to feel better, then feel worse because you spent money. Rinse, repeat, regret.
But here’s the good news: You don’t have to stay stuck in this budgetary Bermuda Triangle! We’re serving up five life-saving strategies to break free:
✨ No-Spend Weekend, But Make It Fun – Step away from the checkout cart and rediscover joy without the price tag.
🍽️ Host a Queer Potluck – Because cooking together is cheaper (and way gayer) than sad solo takeout.
💡 Gratitude Jar, But Make It Fierce – Shift your mindset from “I need more” to “I have plenty.”
📵 Social Media Detox – Stop doom-scrolling and comparing your life to an influencer’s highlight reel.
🎯 Focus on Long-Term Fulfillment – Invest in things that actually make you happy, not just what looks cute in a shopping bag.
By embracing these tips, you’ll finally be able to stop letting your wallet suffer for the sake of a quick dopamine hit. Tune in, take notes, and let’s break the cycle together! 💸✨
Topics Covered:00:01 - The Cycle of Emotional Spending02:04 - Understanding the Debt Depression Spiral04:30 - Understanding the Debt Depression Spiral07:37 - Avoiding the Debt Depression Spiral12:21 - Tips for Financial Well-being and Gratitude15:03 - Breaking the Debt Depression Spiral
Fabulous Takeaways from This Episode💸 The Debt Depression Spiral is a Drama Queen – It starts with emotional spending (hello, “I deserve this!” purchases) and ends with financial anxiety and regret. Not the vibe.
🛑 No-Spend Weekend = Financial Reset – Give your wallet a mini vacation and break the cycle. Bonus: You’ll finally use that fancy candle you bought three impulse purchases ago.
🎯 Long-Term Happiness > Instant Gratification – That $200 designer candle? Cute, but does it spark lifelong joy? Let’s start spending on things that actually last.
🙏 Gratitude is the Ultimate Glow-Up – Focus on what you have, not what’s missing. A daily gratitude practice = less money stress and more inner peace.
🍽️ Potlucks = More Fun, Less Funds – Why drop $50 on brunch when you and your friends can throw a fabulous, budget-friendly dinner party? Bring a dish, bring the gossip, and keep your coins.
📵 Social Media Detox for Your Sanity – Step away from the influencer highlight reel and stop letting curated perfection convince you to spend money you don’t have. Your life is already fab!
✨ TL;DR: Your money should work for you, not just cover up bad moods. Let’s break...
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Is money really different for LGBTQ+ folks?
Money is distinctly different for LGBTQ individuals due to a multitude of systemic factors that influence their financial experiences and outcomes. In this episode, we elucidate seven critical ways in which the financial landscape diverges for members of the LGBTQ community compared to their heterosexual counterparts. These disparities encompass aspects such as legacy beliefs, wage gaps, and the lack of representation within financial institutions, which collectively contribute to a unique set of challenges. As we delve into this discourse, we aim to provide our listeners with not only an understanding of these differences but also actionable solutions to navigate and mitigate the financial obstacles faced by LGBTQ individuals. Ultimately, our objective is to empower our audience with knowledge that fosters financial independence and well-being.
Show notes:In this episode, John and David embark on a critical exploration of the nuanced financial realities encountered by LGBTQ individuals, contrasting these experiences with those of the general population. They introduce the concept that, while a substantial portion of financial transactions may appear homogeneous, approximately 20% of financial experiences diverge markedly based on identity factors such as gender, race, and sexual orientation. The discussion is anchored by seven key insights that underscore the distinctive challenges faced by LGBTQ individuals, including the impact of legacy beliefs—internalized messages from a heteronormative society that shape financial self-perception and decision-making. The conversation is further enriched by statistical evidence illustrating wage disparities, employment challenges, and the pervasive lack of representation within financial institutions. John and David advocate for a proactive approach to financial management, proposing actionable strategies aimed at mitigating these disparities and fostering economic empowerment within the community. Ultimately, the episode serves as a clarion call for greater awareness and advocacy surrounding LGBTQ financial issues, encouraging listeners to leverage their unique experiences as a source of strength.
Topics Covered:00:00 - Addressing Misconceptions About Money and LGBTQ Communities05:31 - Understanding Financial Differences for LGBTQ People09:17 - The Wage Gap in the LGBTQ Community20:18 - The Financial Struggles of LGBTQ Youth24:31 - The Changing Landscape of LGBTQ+ Financial Services31:45 - Financial Equality and Advocacy33:54 - Solutions for Financial Empowerment
Takeaways: The financial landscape for LGBTQ individuals is characterized by unique challenges and disparities that must be acknowledged. A significant proportion of LGBTQ people experience economic hardships, including homelessness and unemployment, at higher rates than their non-LGBTQ counterparts. Legacy beliefs and societal messages profoundly impact LGBTQ individuals' relationships with money and their financial decisions throughout their lives. The wage gap for LGBTQ individuals persists, with many earning less than their heterosexual peers in similar roles and industries.Mentioned in this episode:
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Support the Queer Money podcast
We love bringing you new content every week. Help us keep doing that. Click the link below to support our mission of financial empowerment for the LGBTQ+ community.
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How can LGBTQ+ folks get financially organized?
The intricate tapestry of financial organization is unraveled in this episode, as we delve into the essential strategies that can significantly impact the financial lives of LGBTQ individuals. The conversation is anchored around five indispensable recommendations designed to foster financial security and promote a sense of agency within the community. We begin by emphasizing the critical need for an emergency savings account, advocating for a more robust financial cushion than traditional advice suggests. Given the systemic challenges faced by LGBTQ individuals—including discrimination in housing and employment—our proposal of nine to twelve months of savings is not merely prudent; it is imperative for financial resilience.
Continuing our discourse, we introduce the concept of a happiness budget. This innovative approach encourages individuals to assess their spending habits critically, redirecting financial resources towards experiences and purchases that yield genuine happiness and fulfillment, rather than transient pleasures. This discussion serves to challenge conventional notions of budgeting by advocating for intentionality over mere restriction. We further investigate the alarming statistic that a significant portion of the LGBTQ community lacks access to basic banking services, underscoring the urgency of becoming financially literate and engaged with available banking resources.
As we transition into the realm of retirement planning, we confront the disheartening reality that a vast majority of LGBTQ individuals are not participating in employer-sponsored retirement plans. This oversight poses a considerable risk to long-term financial health and necessitates immediate attention. Finally, we explore the multifaceted nature of insurance, emphasizing its role as a safeguard against unforeseen circumstances. By addressing these five pivotal areas, we aspire to empower our listeners to take actionable steps towards financial organization, ultimately leading to a more secure and fulfilling life.
Takeaways: Building an emergency savings account is crucial for financial security, especially for LGBTQ individuals. Creating a happiness budget allows individuals to prioritize spending on meaningful experiences and values. Engaging with traditional banking services is essential for managing finances effectively and securely. Saving for retirement should begin early, even with small contributions, to ensure future stability. Purchasing appropriate insurance is vital to protect against unexpected events and to secure one's financial future.
Topics Covered:Chapters:
00:15 - Focusing on Financial Happiness02:58 - Getting Financially Organized05:31 - Creating a Happiness Budget09:12 - Saving for Retirement11:49 - Planning for Retirement: The Importance of Saving13:16 - Financial Insurance Strategies
Let's connect:Queer Money InstagramQueer Money YouTubeConnect with John on LinkedInConnect with David on LinkedInMentioned in this episode:
Get the FREE Happy Gay Retirement Calculator
Are you on the path to a tragic, basic, happy or fabulous...
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Is your financial future fabulous or basic?
Your daily financial habits are the unsung heroes of your money story—they shape everything from your short-term wins to your long-term dreams (hello, cozy retirement!).
In this episode of Queer Money®, we’re diving into the magic of a solid daily financial plan that syncs with your bigger money goals. 💸✨
We're spilling all the tea on:
💡 Setting a daily budget that works for you
💡 Living that cash-only life like a boss
💡 Using fintech tools to keep your coins in check
But it’s not just about the mechanics. This episode is all about how those small, consistent moves—like mindful spending—build the foundation for financial independence and a fabulous future.
Plus, we’ll dish on why continuous financial education is a game-changer and how to actually enjoy managing your money. Spoiler alert: financial freedom can be fun. 🥂
Tune in and learn how to make your money habits work harder than Beyoncé in a stadium show!
Show Notes:The Queer Money podcast brings an engaging discussion on the importance of daily financial habits and their impact on long-term financial success. Drawing from the Tanzanian proverb, "little by little, a little becomes a lot," the hosts emphasize that each small financial decision made today contributes significantly to future financial stability. This episode serves as the third installment in a financial planning series, building on previous discussions about short-term and long-term planning. With relatable examples, the hosts illustrate how seemingly minor expenditures like daily coffee runs or frequent dining out can accumulate and hinder retirement goals if not managed wisely.
Listeners are guided through five actionable steps to improve their daily financial routines. These steps include setting a daily budget, living on cash, utilizing fintech tools to track spending and investments, committing to daily financial learning, and most importantly, having fun throughout the process. The discussion encourages a conscious approach to spending, urging listeners to recognize the long-term effects of their daily financial choices. Additionally, the episode fosters a sense of community among LGBTQ individuals by promoting financial literacy and independence, ultimately aiming to empower listeners to achieve their financial aspirations with confidence and ease.
Topics Covered: 00:17 - Daily Financial Habits03:25 - The Latte Factor and Financial Habits05:30 - Understanding Millennials' Spending Habits08:23 - The Importance of Budgeting and Cash Management11:23 - Exploring Fintech and Financial Independence14:11 - Creating Your Daily Financial Plan
Takeaways: Your daily financial habits are crucial for achieving long-term financial goals like retirement. Living on cash instead of cards can help you manage your spending better. Daily budgeting allows you to track your expenses and avoid financial pitfalls. Investing in fintech tools can significantly improve your budgeting and financial awareness. Learning about finances a little each day can empower you to make better choices. Having fun while managing your finances makes the process enjoyable and sustainable.
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Does your short-term financial plan work? Does it align with your long-term goals?
Creating a short-term financial plan that aligns with your long-term goals is essential for achieving financial independence and well-being. In this episode, we share five actionable steps to help you establish one to three short-term money goals that will support your broader financial aspirations. By focusing on improving cash flow, growing your net worth, and strategically planning your social life, you can ensure that your day-to-day spending aligns with your long-term objectives. We also emphasize the importance of selecting goals that are not only achievable but also complement your larger financial vision. Join us as we dive into practical strategies that will set you on the path to financial success while still enjoying life along the way.
Takeaways: Creating short-term financial goals that align with your long-term objectives is essential for success. It's important to improve your cash flow by spending less than you earn consistently. Paying off high-interest debt is one of the fastest ways to increase your net worth. Be proactive in planning your social life to avoid overspending and debt accumulation. Finding cheaper alternatives to your favorite activities can help you save money effectively. Setting one to three short-term goals creates a clear focus and direction for your finances.
Topics Covered00:07 - Creating Short Term Financial Goals01:12 - Transitioning to Short Term Financial Goals04:55 - Strategies for Achieving Financial Goals09:02 - Planning Your Social Life Budget11:47 - Five Steps to Financial Success
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How to Achieve Your Long-term Goals
Achieving long-term financial goals can be challenging due to a phenomenon known as delayed reward discounting, where individuals struggle to prioritize future gains over immediate gratification. This podcast episode delves into the importance of setting clear, quantifiable Queer Money goals that resonate personally, as well as understanding the underlying motivation behind these goals. The hosts discuss the significance of taking action by establishing dedicated accounts for each goal and automating savings to streamline the process. By sharing financial aspirations with friends and family, especially within the LGBTQ community, individuals can create accountability and inspire one another. Ultimately, listeners are encouraged to focus on both the practical steps of financial planning and the psychological aspects that can lead to sustained success.
The psychological phenomenon of delayed reward discounting often impedes our ability to achieve long-term goals, leading many to set the same New Year’s resolutions year after year without progress. This episode addresses this issue head-on, inviting listeners to explore the intricate relationship between our aspirations and the actions—or inactions—that follow. The hosts introduce the concept of 'Queer Money Goals,' a framework designed to help individuals articulate their financial objectives in a way that is not only measurable but also exciting and relevant to their lives. This framework encourages the identification of significant long-term goals, or 'rocks,' while also acknowledging the importance of 'pebbles' (medium-term goals) and 'sand' (short-term desires) in the overall financial landscape.
Show NotesA captivating metaphor of a jar filled with rocks, pebbles, sand, and water is utilized throughout the discussion to illustrate how prioritizing major goals can create a solid foundation for achieving smaller, immediate aims. The hosts stress the necessity of understanding one's 'why' behind each goal, which serves as a key motivator during challenging times. Furthermore, they advocate for automation in financial planning, suggesting that setting up direct deposits and automated savings can streamline the process and eliminate the temptation to divert funds from important goals. This not only simplifies budgeting but also contributes to building a healthier financial future.
The episode culminates in a call to action for listeners to socialize their goals, particularly within the LGBTQ community, to foster accountability and inspiration. By sharing financial aspirations with friends and family, individuals can create a supportive network that encourages progress and celebrates milestones. The hosts conclude by outlining five essential steps for effective long-term financial planning, leaving listeners with a clear roadmap to navigate their financial journeys. This episode serves as an empowering guide for anyone looking to redefine their financial future by embracing both the challenges and triumphs of goal-setting.
Takeaways: Delayed reward discounting makes achieving long-term goals difficult, leading to procrastination and distraction. Success is not a one-time event but a series of small, consistent actions over time. Establish your Queer Money goals by ensuring they are quantifiable, understandable, and relevant to you. Automate your savings and bills to simplify your financial journey and reduce stress. Involve your friends and family in your financial goals to create accountability and support. Understanding your 'why' behind your goals helps maintain motivation during challenging times.
Chapters:00:08 - Understanding Delayed Reward Discounting02:11 - Understanding Delayed Reward Discounting06:13 - Introducing Queer Money Goals08:29 - Understanding Your Goals and... -
Do you really love your gay life? I mean really?
Many queer folks, especially queer men express this feeling to us. They've been struggling all their lives to feel accepted, feel whole and feel like they're really happy.
So, this week, we share some tips on what it takes to build the kind of gay life you love.
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Support the Queer Money podcast
We love bringing you new content every week. Help us keep doing that. Click the link below to support our mission of financial empowerment for the LGBTQ+ community.
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Get the FREE Happy Gay Retirement Calculator
Are you on the path to a tragic, basic, happy or fabulous retirement? Find out where and begin your journey to a better retirement with our Happy Gay Retirement Calculator.
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Should we quit the LGBTQ+ community?
In episode 572 of the Queer Money Podcast, hosts David and John discuss the potential future of the podcast after learning their primary sponsor will not renew sponsorship for 2025. They share the impact of this news on their revenue and reflect on the journey of the podcast since its inception, highlighting milestones and significant contributions to the LGBTQ community. The hosts request feedback from listeners to help determine whether to continue the podcast and in what new directions it might go. Special gratitude is extended to Capital One and other sponsors for their support over the years. The episode concludes with a call to action for listeners to share their thoughts via social media or email.
Topics Covered:00:00 Introduction and Announcement00:48 Reflecting on Queer Money's Journey03:28 The Birth and Evolution of Queer Money05:04 Impact and Achievements09:27 Challenges and Future Plans13:36 Audience Engagement and Conclusion
Let's connect:Queer Money InstagramQueer Money YouTubeConnect with John on LinkedInConnect with David on LinkedInMentioned in this episode:
Get the FREE Happy Gay Retirement Calculator
Are you on the path to a tragic, basic, happy or fabulous retirement? Find out where and begin your journey to a better retirement with our Happy Gay Retirement Calculator.
Happy Gay Retirement Calculator
Support the Queer Money podcast
We love bringing you new content every week. Help us keep doing that. Click the link below to support our mission of financial empowerment for the LGBTQ+ community.
Support the Queer Money podcast - Buy us some coffee
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Medicare is a confusing soup of letters, from Medicare part A to part D. What are they and what is the difference?
Many of us will rely on Medicare as we age. So, what are the various parts of Medicare, and what do they cover? Let’s find out on this Queer Money.
Let's connect:Queer Money InstagramQueer Money YouTubeConnect with John on LinkedInConnect with David on LinkedInMentioned in this episode:
Get the FREE Happy Gay Retirement Calculator
Are you on the path to a tragic, basic, happy or fabulous retirement? Find out where and begin your journey to a better retirement with our Happy Gay Retirement Calculator.
Happy Gay Retirement Calculator
Support the Queer Money podcast
We love bringing you new content every week. Help us keep doing that. Click the link below to support our mission of financial empowerment for the LGBTQ+ community.
Support the Queer Money podcast - Buy us some coffee
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Money can't buy happiness, but it can buy something pretty close to it.
In this episode of the Queer Money Podcast, hosts David and John discuss how money contributes to happiness by providing five key freedoms: financial freedom, location freedom, time freedom, relationship freedom, and 'you' freedom. The episode explains how each freedom significantly impacts the lives of LGBTQ+ individuals, from reducing financial stress to enabling a true expression of self. They emphasize that while money can't buy happiness directly, it offers these freedoms, which are critical to achieving long-term happiness and well-being.
Topics Covered:00:55 The Five Freedoms Money Can Buy 01:58 Freedom #1: Financial Freedom03:44 Freedom #2: Location Freedom05:31 Freedom #3: Time Freedom06:46 Freedom #4: Relationship Freedom07:45 Freedom #5: You Freedom09:04 The Pursuit of True Happiness11:16 Steps to Achieve Financial Independence
Let's connect:Queer Money InstagramQueer Money YouTubeConnect with John on LinkedInConnect with David on LinkedInMentioned in this episode:
Get the FREE Happy Gay Retirement Calculator
Are you on the path to a tragic, basic, happy or fabulous retirement? Find out where and begin your journey to a better retirement with our Happy Gay Retirement Calculator.
Happy Gay Retirement Calculator
Support the Queer Money podcast
We love bringing you new content every week. Help us keep doing that. Click the link below to support our mission of financial empowerment for the LGBTQ+ community.
Support the Queer Money podcast - Buy us some coffee
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Does retirement seem like a million years away? Want to retire earlier?
On this Queer Money we tap into the desire to retire earlier or more confidently. Check out these seven tools to help you retire earlier and more fabulously than you ever dreamed.
Follow us:Queer Money InstagramQueer Money YouTubeConnect with John on LinkedInConnect with David on LinkedInMentioned in this episode:
Get the FREE Happy Gay Retirement Calculator
Are you on the path to a tragic, basic, happy or fabulous retirement? Find out where and begin your journey to a better retirement with our Happy Gay Retirement Calculator.
Happy Gay Retirement Calculator
Support the Queer Money podcast
We love bringing you new content every week. Help us keep doing that. Click the link below to support our mission of financial empowerment for the LGBTQ+ community.
Support the Queer Money podcast - Buy us some coffee
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Do you want to invest in real estate but have no extra cash? How about investing with the money you have in your retirement accounts?
On this episode of Queer Money, the hosts discuss strategies for increasing retirement income with Christopher Price, managing partner at Boost Capital Group, and Founder/CEO of Red Fox Multifamily. Christopher shares his approach to investing in hands-off, revenue-generating real estate to diversify retirement portfolios. Chris explains the benefits of self-directed IRAs, emphasizing the potential for tax savings and passive income through real estate syndications. They explore various investment strategies, the process of setting up these accounts, and the importance of due diligence in selecting reliable investment opportunities.
Topics Covered: 00:09 Guest Introduction: Christopher Price01:00 Exploring Investment Options Beyond Traditional Accounts01:45 Understanding Self-Directed IRAs and Solo 401(k)s05:22 Key Differences Between Self-Directed IRAs and Solo 401(k)s09:57 Passive Real Estate Investing Explained15:24 Real Estate Syndications and Their Benefits23:08 Investment Strategies and Velocity of Money31:10 Understanding 401k Loans and Real Estate Investments32:14 Repaying 401k Loans with Real Estate Income34:19 Rolling Over IRAs into Solo 401ks35:05 Facilitating the Transfer to Solo 401ks38:36 Addressing the Housing Crisis and Real Estate Investments42:32 Improving Multifamily Properties for Better Living45:02 Finding and Vetting Real Estate Syndicates49:23 Key Considerations for Real Estate Investments55:51 Learning More and Connecting with Experts58:07 Conclusion and Final Thoughts
Let's connect:Queer Money InstagramQueer Money YouTubeConnect with John on LinkedInConnect with David on LinkedInMentioned in this episode:
Get the FREE Happy Gay Retirement Calculator
Are you on the path to a tragic, basic, happy or fabulous retirement? Find out where and begin your journey to a better retirement with our Happy Gay Retirement Calculator.
Happy Gay Retirement Calculator
Support the Queer Money podcast
We love bringing you new content every week. Help us keep doing that. Click the link below to support our mission of financial empowerment for the LGBTQ+ community.
Support the Queer Money podcast - Buy us some coffee
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