Queer Money®: How Gay People Do Money

Full show notes: http://debtfreeguys.com/black-wall-street   At least 100 people were killed and hundreds injured in the Tulsa Race Riot of 1921. 1,250 homes, businesses and schools were burned, resulting in $2M of property damage (equivalent to more than $25M today). The city’s Greenwood District, affectionately known as Black Wall Street, was destroyed by a mob of thousands of white men. So, why...

Full show notes:   https://debtfreeguys.com/what-should-i-do-with-my-401k/ In the COVID era, many of us have been laid off or changed jobs. So, what should we do with the 401(k) from our previous employer? Is it better to cash it out? Or roll it over? On this episode of Queer Money, we explain why you shouldn’t take an early distribution from your retirement account unless you absolutely have to,...

Complete show notes:   https://debtfreeguys.com/gays-kids-money/ On this episode of Queer Money, Andy of Marriage, Kids & Money joins us to discuss what parents can do to budget for a new baby’s arrival and share some of the expenses he was not prepared for. He explains what he is doing to help his children learn about financial independence, challenging us to include our kids in conversations abo...

Full show notes here: https://debtfreeguys.com/valentines-day-date/ So, you want to plan something special for Valentine’s Day… But it’s challenging to come up with ideas when COVID continues to limit what we can do. How can queer couples and polycules create memorable moments together this Valentine’s Day? What can we do to strengthen our relationships and have a really good time—without spending...

Full show notes here: https://debtfreeguys.com/power-of-affirmations/ Do you use affirmations? We'd love to know if you do. Drop us a yes or no on IG here: https://www.instagram.com/queermoneypodcast   On this episode of Queer Money, Evolve Benton joins us to introduce the idea of creating a Moneybag Prophecy Vision Board, explaining how they use theirs to build a weekly budget and challenging us...

Full show notes here:   https://debtfreeguys.com/sober-gay/  ‎ How much do you spend in a month on alcohol? If you regularly blow a lot of money at the bar, you may be surprised at just how much drinking impacts your finances. And if you find yourself developing an alcohol dependency, the habit may have consequences far beyond your budget. How do you stop or slow down? Dillan Gay of the Sober Gay...

Get full show notes: https://debtfreeguys.com/live-fabulously/ What does it mean to Live Fabulously Not Fabulously Broke? On this episode of Queer Money, we share our plans to help you live fabulously in the new year, introducing some of the lifestyle topics we’re covering in 2021 and explaining how these aspects of life influence your finances. Listen in for insight on improving your quality of l...

Full show notes here: https://debtfreeguys.com/transgender-health-care/ On this episode of Queer Money, Finn Brigham of Callen-Lorde joins us to explain what makes transgender healthcare different and walk us through the top three transgender healthcare issues individuals face in getting access to competent care. He weighs in on the difference between transition costs and transgender healthcare mo...

Full show notes here: https://debtfreeguys.com/lgbtq-retirement/   Did you know retirement costs the queer community about 40% more than the general population? And most retirement calculators don’t factor that in! Samantha Hernandez, a lesbian money coach, joins us to chat LGBT retirement and why queer folks could and likely will pay more in retirement than the general population.  Mentioned in t...

11 more goals here: https://debtfreeguys.com/gay-couple-goals/ What are your aspirations as a gay couple, to have designer dogs with cute names, to bet on the winning queen on Drag Race, to jet set, or something even more? We think it’s the latter. On this episode of Queer Money, we break down 10 cute, fun and sexy gay relationship goals that any couple can achieve and in doing so, strengthen thei...

Full show notes here: https://debtfreeguys.com/money-a-made-up-thing/ On this episode of Queer Money, Jacob Goldstein, author of Money: The True Story of a Made Up Thing, joins us to explain why money is a made-up thing, offering insight into why finance isn’t the zero-sum game most of us think. He introduces us to the origins of modern capitalism, exploring some of the practical things we can do...

Get the full show notes here: https://debtfreeguys.com/debt-settlement On this episode of Queer Money, Howard Devorkin of Debt.com joins us to discuss the advantages and disadvantages of debt settlement, explaining how it allows you to repay your debt for less but adversely impacts your credit score. He introduces us to debt management as an alternative, describing how this path reduces your inter...

Get the full show notes here: https://debtfreeguys.com/gay-men-earn-more/ How do you feel when you find out someone is earning more money than you? How about when the person earning more money is a member of our queer community? Recent data reflects an apparent rise in income for LGBTQ couples. So, what’s behind this trend toward income equality? On this episode of Queer Money, we’re sharing the t...

Are you so over stressing about credit card debt? Would you like to make 2021 the year you rewrite your money story and SLAY your debt once and for all? On this episode the podcast, we’re sharing the Queer Money origin story, taking you back to the day we owned up to our combined credit card debt of $51,000. We explain why we were living beyond our means and describe what we did to realign our spe...

Full show notes: https://debtfreeguys.com/gay-stereotypes/ Are stereotypes always bad? Or can some of the assumptions people make about the queer community be beneficial? And how do stereotypes impact our finances? Mike Johnson and Kyle Getz are the hosts of Gayish: A Podcast About Gay Stereotypes , a show that bridges the gap between sexuality and actuality. A three-time nominee for Best LGBTQ Po...

Newly confirmed Supreme Court Justice Amy Coney Barrett was sworn in last Tuesday, October 27, 2020. And while it’s disappointing to see yet another conservative justice appointed to SCOTUS, we’re thinking about what we can DO as a queer community to further LGBTQ rights in America. How can we use our frustration to fuel the kind of action that will initiate real change? On this episode of Queer M...

One of the big lessons we’ve learned in 2020 is that an extra stream of income is ALWAYS a good idea. But how do you pick a side hustle that’s right for you? Daniella Flores is the creator of I Like to Dabble , a personal finance blog designed to help others build bigger and better lives with side hustles. In less than three years, Daniella and her wife Alexandra paid off $35K in debt with what sh...

15 years ago, we got serious about getting out of debt, and now, we’re on track to be retirement millionaires ! How did we save that kind of money? By getting creative and implementing a few strategies that are simple, sometimes weird and maybe even a little sexy. On this episode of Queer Money, we’re sharing the top 10 crazy ways we save money. We discuss some of the fun things we do to avoid goi...

For LGBTQ married couples who normally keep their finances separate, the prospect of filing taxes jointly may seem complicated. How do your divide up the taxes you owe in a way that’s fair to both of you? Would it be easier just to file separately? Harvey Susnick is a Partner at Berdon LLP , a leading accounting and advisory firm based in New York City. Harvey has four decades of experience as a C...

Despite the recent Supreme Court ruling in favor of LGBTQ job protections, homophobia and discrimination in the workplace did not *POOF* go away. And even companies that consistently score a 100 on the HRC Corporate Equality Index have instances of what I call cascading homophobia, a phenomenon that hits our community right in the pocketbook. On this episode of Queer Money, I’m introducing the ide...

It’s actually pretty simple to prepare for big expenses like retirement or your kid’s education. And the small contributions you make now grow into big money when you need it. So, isn’t it time you started or upped your investing game? On this episode of Queer Money, we’re sharing our final five tips to super-simple investing. We discuss the benefits of starting an employer-sponsored retirement ac...

No other part of the economy is designed for success quite like the stock market. So, what’s keeping you from being a member of the Investing Class? Do you think buying stocks and bonds is too complicated? The truth is, setting up an investment account is easy, and you can get started today! On this episode of Queer Money, we’re sharing our first five tips to super-simple investing. We explain how...

What financial class do you belong to?  Which one do you WANT to join?  And what steps can you take to get there? On this episode of Queer Money, we’re sharing the characteristics of the four financial classes, explaining how each category is based on behavior rather than income. We introduce the Leveraging Class, explaining how they live fabulously broke and why they spend to ‘keep up appearances...

For those of us who are struggling to pay off debt, the idea of having those outstanding balances forgiven and simply starting over sounds pretty good. But if you’re thinking about filing for bankruptcy to eliminate your debt, it’s important to know that it’s not that simple. Howard Dvorkin is the Founder of   Consolidated Credit and Chairman of Debt.com , an educational platform and news site cov...

So, you desperately want to improve your financial life, but you just can’t seem to get ahead. It might surprise you to learn that your money story is what’s sabotaging your financial security. But how do you change your beliefs about money to set yourself up for financial success? On this episode of Queer Money, we’re sharing the three most prevalent money stories, explaining how our subconscious...