Queer Money®: How Gay People Do Money

So much of personal finance success is based on our money stories. And our money stories are written by our background, our race, our gender or sexual orientation—all the things that have nothing to do with math and everything to do with who we are. So, what if you’re a first-generation immigrant who grew up in poverty? What if you face sexism and racism on a daily basis? Can you still build wealt...

Got credit? Got good credit?  Evidently, LGBTQ+ folks are doing well when it comes to credit scores.  We break it down in this week's Queer Money, along with 3 steps you can take to improve if your starting out or need to do better.  Get more info/data from The Motley Fool/Debt Free Guys LGBTQ+ Money Study. For the resources and to connect with our guests, get the show notes at: https://queermoney...

This week on Queer Money we're answering a listener question about caring for a disabled spouse and preparing in case you pass away before them.  We share tips on what tools and services you need and some things to consider when it comes to social security.    Get the FREE 7-Step Credit Card Debt Slasher guide Get the Credit Card Debt Slasher Toolbox For the resources and to connect with our guest...

Healthcare in America’s ugly. But a new study suggests that healthcare in the queer community may be better than we think.  Data from The Motley Fool Debt Free Guys LGBTQ+ Money Study is encouraging and we discuss some of that on this bonus episode.  Get more info/data from The Motley Fool/Debt Free Guys LGBTQ+ Money Study. For the resources and to connect with our guests, get the show notes at: h...

On this week's Queer Money, you're invited into a Debt Free Guys family discussion on whether or not we need a financial advisor.  We're talking active versus passive investing and which might be better for us in our current situation.  Are you using a financial advisor?  Get the FREE 7-Step Credit Card Debt Slasher guide Get the Credit Card Debt Slasher Toolbox For the resources and to connect wi...

When asked if they invest outside of a retirement account for The Motley Fool/Debt Free Guys LGBTQ+ Money Study, a plurality or 44% of LGBTQ+ respondents lead by transgender respondents, at 56%, said they do. Many LGBTQ+ folks don't invest because they don't know where or how to invest or don’t feel comfortable with investing. Fortunately, there are several easy places to start investing. We share...

Some cities are open for business to LGBTQ+ people. And some are not. But the cities that ARE tend to be more economically dynamic, innovative, attractive to high-skilled workers and have a higher quality of life. So, which cities are more open to the queer community? And which ones aren’t? George Perlov serves as Eastern Europe Programs Lead at Open for Business, a coalition of more than 35 leadi...

Some studies are showing that the LGBTQ income gap is closing, but is this really true? Why might some research suggest this? Listen and find out. We dive into some very interesting U.S. Census data that may point to why this appears to be the case and what we can do with this info as queer folks.  Get more info/data from The Motley Fool/Debt Free Guys LGBTQ+ Money Study. For the resources and to...

Why do we do the same things and expect different results? Turns out humans are bad at predicting happiness for themselves. That's the conclusion from Dr. Randy Paterson, author of How to Be Miserable: 40 Strategies You Already Use.  Dr. Paterson joins us this week to discuss how this may be having an impact on our finances and how we might be able to change it. Get the FREE 7-Step Credit Card Deb...

Do you know the one thing LGBTQ people won’t talk about? Politics? Religion? Sex? Uh, no, no and definitely NO! What is it? Their income. We're not part of the salary transparency conversation, evidently.  So we're talking about why that might be the case on this Queer Money bonus episode.  Get more info/data from The Motley Fool/Debt Free Guys LGBTQ+ Money Study. For the resources and to connect...

On this episode of Queer Money, we explain how to retire in 10 years or less, challenging you to get clear on what you want retirement to look like and map out the resources you need to make it happen. We discuss the benefit of investing for growth, maximizing your contributions to retirement savings, and consolidating accounts from previous employers in the years leading up to retirement. Listen...

When it comes to money, what are you most concerned with? Inflation or outliving your money? Here’s what most LGBTQ folks are focused on financially. We shared on last week’s bonus episode that the queer community is stressed about its finances. So, we dug deeper into the data from The Motley Fool/Debt Free Guys LGBTQ+ Money Study to figure out what the community’s most focused on when it comes to...

Talking about money with your partner is tough enough. Now, imagine having that conversation on national television! Hannah & Juliette are a lesbian couple from Philadelphia who appear on Opportunity Knock$, a PBS show where money coaches Jean Chatzky, Patrice Washington and Louis Barajas help families overcome their financial challenges and build better lives. On this episode of Queer Money ®, Ha...

The queer community has a lot to be concerned with, not least of which is our money. Find out the major stress of LGBTQ people on today’s Queer Money. On this bonus episode, we're breaking down and providing some solutions to one of the biggest stressors for folks in the LGBTQ+ community.  Get more info/data from The Motley Fool/Debt Free Guys LGBTQ+ Money Study. For the resources and to connect w...

Dr. Billy Hensley is President and CEO of NEFE, a nonprofit committed to advancing effective financial education and promoting financial well-being. On this episode of Queer Money®, Dr. Hensley joins us to discuss NEFE’s 2022 LGBTQIA+ Experiences with Financial Education and Services Survey and share some of his key takeaways from the study. Dr. Hensley offers insight on what financial services ca...

There are some things you want to get right. That’s why we’re answering a common question today, “how should my partner and I split our finances? It's a common question we get and there's data from the Motley Fool/Debt Free Guys LGBTQ+ Money study that highlights what we are doing as a community.  Get more info/data from The Motley Fool/Debt Free Guys LGBTQ+ Money Study. For the resources and to c...

Yes, the holidays are a wonderful time of year, bringing people together to celebrate and reflect. But they can also be a challenging time in our financial lives, tempting us to spend money unconsciously. So, what can you do to maintain your financial well-being in this season of spending? On this episode of Queer Money, Jen DeLoyd, Head of Checking and Consumer Insights at Capital One, joins us t...

The Motley Fool/Debt Free Guys LGBTQ+ Money Study definitely brought to light things that queer folks are doing well and need to improve on. We've been surprised at how the 702 transgender respondents to the survey are doing.  On this Queer Money bonus episode, we're sharing 5 things that the study shows transgender folks are doing well and that the rest of us can learn from.  Get more info/data f...

When we want to make a change in our lives, whether it's a financial goal or a personal one, we often get scared as to what other people are going to think. We’re nervous about what our friends and family might say. And we worry that sharing might disrupt the relationship we have with those people. But there are ways to beak the news of your money goals to the people you care about without losing...

Feeling financial anxiety about the holiday season and next year? We get it. We feel the same way from too sometimes.  So, today we're sharing one of our favorite tips to manage the holidays and plan for 2023.   Get the FREE 7-Step Credit Card Debt Slasher guide Get the Credit Card Debt Slasher Toolbox For the resources and to connect with our guests, get the show notes at: https://queermoneypodca...

Finance for folks in the service industry’s unique and no one’s talking about it, until now. On this Queer Money we chat with Barbara Sloan of Tipped Finance about how to invest as a service industry professional. Barbara shares her story and experience working a variety of jobs in the service industry, earning most of her income from tips, in jobs like bartender, wait staff, stripper, and more an...

We have much more progress to make, but the recent news about transgender wages is inspiring. It may not feel like it, but not all financial stats about the queer community are negative. In fact, several data points in The Motley Fool/Debt Free Guys LGBTQ+ Money Study are quite positive, including data on the average income of transgender Americans. On this week's bonus show we share that stat as...

This week on the Queer Money podcast we're providing some advice based on a listener question or request for help.  The listener feels like they are in a hopeless situation with their finances and want to know what they can do.  Listen in as we provide 5 steps that can be taken when you feel like your finances are a train wreck.  Get the FREE 7-Step Credit Card Debt Slasher guide Get the Credit Ca...

There's often an argument about whether there is such a thing as good debt versus bad debt. Either way, we know from the recent Motley Fool/Debt Free Guys LGBTQ+ Money Study that there is one type of debt LGBTQ folks aren't accumulating and that actually could be a bad thing for our wealth-building as a community.  On this Queer Money bonus episode, we take a look at this type of debt that fewer L...

One of our favorite parts of our job is all of the amazing, diverse people we get to meet, and today’s guest, CEO and founder of Euphoria. LGBT is one of those people. With apps such as Bliss, Solace, Devotion and more coming soon, Euphoria is streamlining, simplifying and lowering the cost of transitioning for its users. On this episode of Queer Money, we chat with Kate Anthony about her and  Eur...