Episode 30 - Break The Taboo of Talking About Money with Powerhouses, Sallie Krawcheck and Jean ChatzkyAug 25, 2021
Are women investing enough of their money? Are women comfortable discussing finances? Sallie Krawcheck, CEO and Co-Founder of Ellevest, and Jean Chatzky, CEO of HerMoney.com, answer your questions around money and uncover the reasons as to why so many women still don’t have involvement in money related conversations.
In households today, only a single-digit percentage of women take the lead in investing, even if they’re the breadwinner. Money can feel like an awkward topic for many, but talking about it often with those in your circle can help you feel more comfortable. Sallie and Jean dive into topics such as the gender pay gap, the fact that women leave too much money in cash, and three things that make a woman a successful investor. Tune into this amazing money conversation by women for women.
In This Episode:
[04:15] Sallie explains how she got herself in the money conversation that is still taboo for many women.
[05:38] Women are still being taught that the problem is how they spend their money, not the gender pay gap.
[08:18] Is it okay not to feel comfortable talking about money with everyone?
[13:10] Three things that make a woman a successful investor.
[17:24] Sallie’s take on the current situation of bonds.
[18:38] How does Sallie feel about investing money in crypto?
[21:42] How important is it for couples to have the same vision when it comes to their retirement plans?
[22:32] How to find a person you can trust financially if you are a single woman.
[26:00] The importance of taking a break every ninety minutes.
[27:05] About Women raising money
[33:00] Crypto vs traditional stocks
[35:10] The psychology of money based on how you were brought up
When women start talking about money, with people that they’re comfortable with, they quickly find that they can do more of it.
The industry is set in such a way that men will die with too much money and women will die with too little money.
The majority of women don’t invest. Instead, they keep their money in cash, which has its good sides, but at the end of the day, they keep losing money.
It's great to share an advisor with your partner, or even better, you can have your own advisor.
Women leave too much money in cash
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P.S. In need of some inspiration? Looking for insightful advice from fellow women entrepreneurs? Browse through past episodes of the Potential to Powerhouse Podcast featuring such high-profile, high-performing female leaders as Lauren Frances, Christie Hefner, Katherine Power, and Desirée Rogers.
Meet Jean Chatzky and Sallie Krawcheck
Jean Chatzky is the CEO of HerMoney.com and host of the podcast HerMoney With Jean Chatzky. The financial editor of NBC Today for 25 years and the Financial Ambassador for AARP, she appears frequently on CNN, MSNBC and was a recurring guest on The Oprah Winfrey Show. She is a New York Times and Wall Street Journal best-selling author. Her latest book is Women with Money: The Judgment-Free Guide to Creating the Joyful, Less Stressed, Purposeful (and Yes, Rich) Life You Deserve. An in-demand motivational speaker and fierce advocate for financial literacy, in 2015, she partnered with the PwC Charitable Foundation and Time for Kids to launch Your $, an in-school magazine that reaches 2 million school children each month.
Sallie Krawcheck is the CEO and Co-Founder of Ellevest, an innovative financial company, by women for women. Ellevest, one of the fastest growing digital investment platforms and has been named a #24 on CNBC’s top 50 "Disruptor" list, #14 on LinkedIn’s 50 “Most Sought-After Startups” ( #2 in New York), and one of Entrepreneur Magazine’s Top 100 Brilliant Ideas. Before launching Ellevest, Krawcheck built a successful career on Wall Street: She was the CEO of Merrill Lynch, Smith Barney, US Trust, Citi Private Bank, Sanford C. Bernstein and CFO for Citigroup. Krawcheck has been called one of the top 10 up and coming entrepreneurs to watch by Entrepreneur Magazine, has landed on Vanity Fair’s “The 2018 New Establishment List” and is considered one of the "Most Influential People in ESG Investing" by Barron's.
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