Queer Money®: How Gay People Do Money

Wealth is created by many by taking advantage of the tools and resources that financial services, including banking, investing and life insurance provide for their customers.  So, why is wealth by and large elusive for LGBTQ folks?  Recent data may be a big indication.  On this Queer Money, we reflect on one of the most surprising pieces of data from this study.  Listen is as we discuss how many L...

Ever spend to make yourself feel better, only to end up feeling bad or worse when you get the bill in the mail and start the cycle over again? Then you’ve experienced the debt depression spiral. Want to learn how to break the cycle and avoid getting sucked into it altogether?  We're breaking it down in this week's Queer Money.  For the resources and to connect with our guests, get the show notes a...

What are you most afraid of when it comes to money? See if yours are the same as the two biggest financial fears for most LGBTQ+ folks. 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://queermoneypodcast.com/subscribe   Follow us: Queer Money Instagram Queer Money YouTube Queer Money Twitter Q...

The LGBTQ+ community needs leaders now as much as ever. Are you that leader? Ash Beckham shares how to be a leader every day on this Queer Money®. Ash is the author of  Step Up: How to Live with Courage and Become an Everyday Leader  and joins us to talk about how each and every one of us can become an everyday leader.  For the resources and to connect with our guests, get the show notes at: https...

We already shared on QM ep 339 that LGBTQ+ Americans are more likely, at 44%, to have a crypto wallet as we are a retirement account, and we talked about why we may have an affinity for crypto over traditional banking. And we talked about the risks of forgoing some traditional banking products, but we didn’t share the other financial tools we are looking over - either in lieu of crypto or just all...

He's the App Kid! Known for developing his first app at 14 years old. He's also known for wanting to be adopted as the Native Son of both Peru and Bolivia.  When it comes to money, Michael has a backstory that many of us are blown away by, since from the time he started earning money via his apps he basically was financing his family rather than enjoying or saving the money for himself.  On this Q...

On the previous bonus episode, 341, we talked mostly to those who don’t have a company-sponsored retirement plan, this week we’re talking mostly to those who do. Per The Motley Fool/Debt Free Guys LGBTQ+ Money Study, when LGBTQ+ people have access to company-sponsored retirement plans, they’re most likely to contribute between 4% to 6%. Is this enough? We discuss that on this bonus episode.  Get m...

We are well aware that transgender rights are under attack here in the US. And the community is, of course, frustrated by the surge of anti-trans legislation and the slow pace of systemic change. But Jack Knoxville reminds us to consider the big picture. For the first time in modern history, trans individuals are living their authentic lives. So, even though it feels really heavy right now, in man...

Imagine reaching 50, 55, 60 or even 70, wanting to retire, but you've not saved anything for it.  Sadly this is the case with far too many LGBTQ+ folks and there may be a big reason why.  On this Queer Money bonus episode, we take a quick look at more data from The Motley Fool/Debt Free Guys LGBTQ+ Money Study specific to retirement and access to retirement accounts for LGBTQ+ employees. We also s...

Ever think to yourself, I wish I had learned "all the money stuff" back when I was (insert age or time in the past)?  Us too. That's why we love to find other folks in the personal finance community that are helping young and old alike get that information in fun and interesting ways.  Jean Chatzky and Kathryn Tuggle are doing just that with their new book. That's why How to Money: Your Ultimate V...

There was no greater love than man and man - until now! What’s changed? Crypto! See just how much LGBTQ+ folks love crypto on this Queer Money. On this Queer Money bonus episode we take a quick look at more data out of The Motley Fool/Debt Free Guys LGBTQ+ Money Study specific to cryptocurrency and provide some thoughts on why the data is showing us an interesting trend among queer folks.  Get mor...

Inflation today, recession tomorrow, lifetime goals next year. It seems like everything is in flux right now, especially with money and investing.  Is there something we can do to make things a bit more stable? Do we need to change our saving and investing strategies?  Guess what? John and David are!  We've invited James Morgan of Capital One to join us on the podcast to chat about strategies and...

As LGBTQ+, it can often feel as if we’re doing everything wrong. But not here and not now! Find out what LGBTQ+ Americans are doing well with money. The new data out of The Motley Fool/Debt Free Guys money study is showing so exciting things happing with the finances for queer folks in America.  Get more info/data from The Motley Fool/Debt Free Guys LGBTQ+ Money Study. For the resources and to con...

Here’s a not-so-easy question. Should I pay off the debt or invest my money? In most cases, it’s not either/or. On this Queer Money John and David break down six things to know first before you make your decision and then provide eight questions or suggestions that will help you make the best decision that is right for you and your finances.  For the resources and to connect with our guests, get t...

What does it mean that the LGBTQ+ purchasing power is now at $1.4 trillion? How can we use this money wisely to our political and social advantage? Find out 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 with our guests, get the show notes at: https://queermoneypodcast.com/subscribe   Follow us: Queer M...

Myths about money can make us make bad decisions. That’s why we’re busting these LGBTQ money myths to find better solutions and make better decisions. Listen in as we tackle 7 myths that have a negative impact on our community and how we can turn them around to our advantage. For the resources and to connect with our guests, get the show notes at: https://queermoneypodcast.com/subscribe   Download...

The US LGBTQ population’s growing. There are many reasons why. We share how the queer community can use this to our financial and political advantage and how these numbers may have had an impact on The Motley Fool/Debt Free Guys LGBTQ+ Money Study. For the resources and to connect with our guests, get the show notes at: https://queermoneypodcast.com/subscribe   Follow us: Queer Money Instagram Que...

Want to stop spending money on unnecessary things? Well, you're not alone. According to a Capital One survey, it was the number one thing folks said they would like to change about their financial habits. But how?  We give you 9 ways this week to help reduce unnecessary and impulse spending.  For the resources and to connect with our guests, get the show notes at: https://queermoneypodcast.com/sub...

The dearth of data on LGBTQ+ finances was sad. That’s why we did an LGBTQ+ money study with The Motley Fool.  On this, the very first, Queer Money LGBTQ+ Money Study bonus episode we chat briefly about why we partnered with The Motley Fool to create the study.  For the resources and to connect with our guests, get the show notes at: https://queermoneypodcast.com/subscribe   Follow us: Queer Money...

Have you ever felt that the FI/RE (Financial Independence/Retire Early) movement wasn’t for you because it was too restrictive? Tired of hearing the FIRE police tell you exactly what you have to do, be, look like to be a part of the financial independence retire early movement?  Then you're in luck, because this week on Queer Money we break down some of the myths and misconceptions for you.  For t...

Ever wish you could "get in early" on an investment? Now you can through crowd-sourced investing or regulation crowdfunding. On this week's Queer Money we chat with Read Ezell of Wefunder and Brandon Deroche of Propeller about the basics of crowdfunding and use Propeller, a social good entertainment company, as an example for us.  For the resources and to connect with our guests, get the show note...

If today’s “capitalism” isn’t working for so many folks, what can be done to fix it? In part 2 of our series on Capitalism vs. Anti-Capitalism, Hadassah Damian of the Bottom Lines Top Dollars podcast, joins us again to challenge our thinking and talk about solutions to the question of how can we fix or change Capitalism to be beneficial for all. For the resources and to connect with our guests, ge...

Capitalism, some folks want to “burn it all down,” but what happens next? Since there is a vocal minority within the LGBTQ+ community who strongly oppose capitalism we think its important to have an open and honest discussion with both sides being covered. On this Queer Money, we debate the merits of capitalism versus anticapitalism. For the resources and to connect with our guests, get the show n...

When can I retire? Can I retire? How much do I need to retire? All questions folks regularly ask when thinking about their financial future and being able to quit the 9-5, sell their business or break away from the rat race and just slow down.  One of the keys is having an indication as to how much you'll need. There seems to be an endless supply of financial calculators out there. On this week's...

Want to reach financial independence and maybe even retire early?  This week we chat about 5 steps most folks don't take on their path to financial independence and how these can speed up the process of reaching your FIRE number and retiring early.  For the resources and to connect with our guests, get the show notes at: https://queermoneypodcast.com/subscribe   Follow us: Queer Money Instagram Qu...