For my final guest interview for Season 20 (don’t worry, I’ve got one more solo episode airing tomorrow), I am so thrilled to have financial content creator and writer Katie Gatti Tassin on the More Money Podcast to talk about how to claim your financial power when it feels like everything is working against you. Because if you’re a woman, the data doesn’t lie. There are a lot of things making it harder to build wealth and achieve financial independence. There’s the gender wage gap, unfair hiring processes and unconscious (or conscious) biases at every step of the corporate ladder, and financial advice that was developed for men by men.
Katie has been very vocal about these topics on her Money with Katie podcast and newsletter, and she dives even deeper into them in her debut book Rich Girl Nation: Taking Charge of Our Financial Futures, which we explore in this episode.
Takeaways
- The book ‘Rich Girl Nation’ aims to merge cultural criticism with financial advice.
- Women face unique financial challenges that are often overlooked in traditional personal finance literature.
- Negotiation strategies need to be tailored to account for gender biases in the workplace.
- Understanding systemic issues is crucial for addressing the gender wealth gap.
- Women are often penalized for negotiating assertively, which affects their financial outcomes.
- The motherhood penalty significantly impacts women’s careers and earnings.
- Investing is essential for women, especially considering their longer lifespans.
- Diversification in investing is crucial to mitigate systemic risks.
- Cultural narratives around personal finance often fail to address women’s specific needs.
- Financial education should empower women to understand and navigate systemic barriers. Investing globally can provide better opportunities.
- Diversification is key to a successful investment strategy.
- Market performance can vary significantly across regions.
- Cryptocurrency has potential use cases, but caution is advised.
- Starting to invest early can lead to significant wealth accumulation.
- Utilizing different tax statuses can enhance financial growth.
- Understanding retirement accounts is crucial for long-term planning.
- Prenups are important for financial protection in marriages.
- Open communication about finances is essential in relationships.
- Wealth inequality is a growing concern that needs addressing.
Things I Mentioned in the Episode
- Grab a copy of Katie Gatti Tassin’s book Rich Girl Nation.
- I’m giving away copies of all the books featured in this season of the podcast! To enter, visit jessicamoorhouse.com/contests
- My free resource library, where you can find budget spreadsheets & more!
- Apply to enroll in my investing course Wealth Building Blueprint for Canadians
- Check out my shop!
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Looking for some financial help? Check out my investing course, budget spreadsheets, and more on my shop page.
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