Queer Money®: How Gay People Do Money

On this episode of Queer Money®, Jeff of Homo Money joins us to share his struggle to find a job during the Great Recession (right after his Honorable Discharge from the Navy) and discuss the steps he’s taken to build a net worth of $750K since then. He offers advice to queer folks who feel financially hopeless, challenging us to reprogram our mindset and surround ourselves with positive messages...

What's an annuity? How do they work? What are the different types? Are they a good investment? On this episode of Queer Money, we explain how annuities function as an insurance contract (not an investment) and what differentiates immediate from deferred annuities. Subscribe to the show notes at: https://queermoneypodcast.com/subscribe Mentioned in this episode: What if your portfolio came with a v...

In a recent Twitter conversation about LGBTQ money differences, we got pushback from a troll who claims that we’re inventing an issue that doesn’t really exist. But the numbers don’t lie. And if you look at the research around queer people and our finances, it’s obvious that we face a few challenges that others do not. So, how does being LGBTQ make money different for you? On this episode of Queer...

Show notes: https://queermoneypodcast.com/podcast/how-to-say-no-to-friends/ It’s hard to say no to friends and family when they ask us to do something that’s not in our budget. On this episode of Queer Money, we share seven steps to get better at saying no, discussing how to turn down an invitation graciously and explain yourself in a way your friends will understand. Topics Covered  How trying to...

Show notes: https://queermoneypodcast.com/podcast/low-cost-lgbt-retirement-cities/ This week's we scratch the surface of a listener's question about how to find low or lower-cost LGBT-friendly retirement cities. We decided to invite Jim and Luis, a gay couple who retired early and spent the last two years living mostly outside the US. They share their slow travel experiences, explaining how they d...

Show notes: https://queermoneypodcast.com/podcast/mutual-funds-and-etfs/ On this episode of Queer Money, we explain what it means to invest in mutual funds and ETFs as well as the pros and cons of each.  Free Resources: Credit Card Debt Slasher 5 Building Blocks of a Happy Gay Life Topics Covered  What it means to invest in mutual funds rather than individual stocks An overview of the different ty...

Show notes:   https://queermoneypodcast.com/podcast/daily-financial-plan/  ‎ On this episode of Queer Money, we discuss the five steps to creating a daily financial plan that supports your short- and long-term money goals. Topics Covered  5 steps to creating a daily financial plan that supports your short- and long-term money goals How daily habits like dining out, buying coffee or spending a nigh...

Show notes: https://queermoneypodcast.com/podcast/short-term-financial-plan/   On this episode of Queer Money, we share five steps to creating a short-term financial plan that supports your long-term goals, describing how to spend less than you make and put the difference toward your financial goals.  Topics Covered  5 steps to creating an effective short-term financial plan Why it’s crucial to ch...

Full show notes: https://queermoneypodcast.com/podcast/long-term-financial-plan/  ‎ On this episode of Queer Money, we share five steps to creating a successful long-term financial plan, explaining how your long-term, short-term and daily goals influence each other. Topics Covered  Why we have such a hard time reaching long-term financial goals How long-term, short-term and daily financial goals i...

Show notes:   https://queermoneypodcast.com/podcast/things-to-know-about-stocks/   There is no part of the economy set up for success quite like the stock market. In fact, we consider it one of the three killer pillars to financial independence. On this episode of Queer Money, we share the top three things you need to know about investing in the stock market. Topics Covered  How technology makes i...

Show notes:   https://queermoneypodcast.com/podcast/manage-money/ 7-Step Credit Card Debt Slasher Tool On this episode of Queer Money, we share our top six ways to better manage your money, explaining why you should get out of the Spending or Leveraging Class and join the Saving or Investing Class asap. Topics Covered  Why household debt is on the rise right now The pros and cons of the Great Resi...

Show notes here: https://queermoneypodcast.com/podcast/fitness-tips-gay-men/ 40 isn’t fatal. You can be healthy, happy and fit in your 40s and beyond, provided you prioritize wellness and make movement a regular part of your life. And much like investing your money wisely, investing in the right workout routine can help you burn more calories and get the most out of your time at the gym. On this e...

Do you feel obligated to spend money for the holidays? Yes, it is the season of giving. But if you’re taking on debt to buy gifts for friends and family, you may feel less festive and more stressed. But what if you had a plan to pay off that holiday debt fast? On this episode of Queer Money, we share seven quick tips for getting rid of debt as quickly as possible, challenging you to get crystal cl...

On this episode of Queer Money, we share our 13 best Christmas savings hacks, explaining how to decide who you REALLY want to buy gifts for and how much to spend. Topics Covered  How to decide who to buy gifts for and how much to spend Why you don’t always have to give gifts that are brand new When to shop to get the best deals on Christmas gifts How to simplify the way you celebrate to focus on t...

Show notes: https://queermoneypodcast.com/podcast/types-of-fire/ Does the idea of reaching financial independence and retiring early (FIRE) appeal to you, but you don't think it's possible? Maybe your definition of FIRE needs a refresh.  On this week's podcast we discuss (and probably piss off the FIRE police) with our 7 different definitions of FIRE.  Topics Covered  Why we don’t subscribe to the...

Full show notes: https://queermoneypodcast.com/podcast/effective-lgbt-leaders/   Would you like to be among the LGBTQ leaders who change the world for the better? What does an effective queer leader look like? On this episode of the podcast, we share the five traits of an effective LGBTQ leader.  Topics Covered  Why we need more LGBTQ leaders in C-suite positions How effective LGBTQ leaders own th...

Show Notes:   https://queermoneypodcast.com/podcast/lower-student-loan-payments/ On this episode of Queer Money, Howard Divorkian joins us once more. This time to explain what it means to consolidate your student loan debt and why now is a good time to do so. He shares the difference between federal and private student loans, introducing us to the government’s Public Service Loan Forgiveness or PS...

Show notes here:   https://queermoneypodcast.com/podcast/gay-nomads-geekstreamers/   Does the dream of retiring and traveling the world seem completely out of reach? Too many of us in the queer community have resigned ourselves to working until we’re dead. But what if becoming a gay nomad is totally doable? Jimmy and Mack are the self-described nomadic nerds behind Geekstreamers , a blog where the...

Show notes: https://debtfreeguys.com/lgbtq-financial-independence/ Topics Covered on this Queer Money episode: What it means to achieve financial independence (and how it’s different from being independently wealthy) How Robert Kiyosaki defines wealth as having investments that cover your living expenses The freedom that comes from not having to work for someone else How financial independence all...

Show notes:   https://queermoneypodcast.com/podcast/values-and-standards/   Struggling to reach your goals despite how you value them? The problem may be your standards. Hear the power in aligning your values and standards with our guest Fletcher Ellingson. Get the 5 Building Blocks of a Happy Gay Life here: https://debtfreeguys.com/5bbhgl/?source=podcast   Connect with Fletcher Ellingson: https:/...

Show notes: https://debtfreeguys.com/bad-financial-habits/   Continuing our theme of suicide prevention and self-care in September, this week we talk about breaking bad financial habits, which can often lead to additional stress, anxiety and negative thoughts. Taking care of our finances is self-care that improves our mental health by reducing financial stress.  Get the 5 Building Blocks of a Happ...

Show notes: https://queermoneypodcast.com/low-cost-self-care   Continuing our focus on National Suicide Prevention Month, this week on the show we share 9 simple, low-cost ways to take care of yourself both in body and mind. Plus we share how some of these can actually change the way your brain works.  Get the 5 Building Blocks of a Happy Gay Life here: https://debtfreeguys.com/5bbhgl/?source=podc...

Full show notes: https://debtfreeguys.com/mark-turnipseed   September is National Suicide Prevention Month.  On this week's show, Mark Turnipseed joins us to share his journey of addiction, suicidal thoughts and coming out and how he overcame them. His inspiring comments are echoed in his book, My Suicide Race. He also shares with us tools he uses to keep himself sober and ward off further thought...

Full notes: https://debtfreeguys.com/financial-well-being COVID and the results of the pandemic have had a huge impact on our daily lives, but what about our financial lives?  New data points to several key reasons why our financial well-being, both in the way we think about money and our actions with our money have changed. We invite Mili Mittal, VP at Capital One to join us with new data from a...

Full show notes: https://debtfreeguys.com/poverty-mindset/ On this Queer Money episode, Matthew Raymond, a life coach specializing in the LGBTQ community joins us to talk about the poverty mindset, why it's common amongst LGBTQ folks and what we can do to overcome it.  Get the 5 Building Blocks of a Happy Gay Life here: https://debtfreeguys.com/5bbhgl/?source=podcast   Start Improving Your Credit...