The Money with Katie Show

Latest Episodes:

Rich Girl Roundup: How Does Credit Work? Apr 17, 2023

Show notes

Understanding credit can be tricky—but it's an invaluable part of our financial toolboxes since it affects our ability to buy a home, access loans, etc. Katie and Henah break down the history of credit, how it works, tips to keep in mind while building your credit score, and more.
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
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Mentioned in the Episode
Consumer Finance statistic on 26M Americans being credit invisible: https://www.consumerfinance.gov/about-us/newsroom/cfpb-report-finds-26-million-consumers-are-credit-invisible/
How Your Credit is Calculated: https://www.equifax.com/personal/education/credit/score/how-is-credit-score-calculated/
Annual Credit Report: https://www.annualcreditreport.com/index.action
Credit Karma: https://creditkarma.com/
How to Save for Your Child's Future: https://link.chtbl.com/u7JzWqOz
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This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.katiegattitassin.com

Does Early Retirement Still Work With 2023 Inflation? Featuring Bill Bengen Apr 12, 2023

Show notes

Bill Bengen, who established the 4% safe maximum withdrawal rate (the rule on which most of financial planning relies), is a straight shooter, and his perspective on whether or not we’re currently in uncharted waters surprised me.
But fear not—there’s a little-discussed element of planning for early (as well as regular!) retirement that might be our saving grace. We’ll unpack that, too.
Learn more about our sponsor, Vin Social: https://www.vinsocial.vip
Learn more about our sponsor, TaxAct: https://www.taxact.com/moneywithkatie
Learn more about our sponsor, Fidelity: https://fidelity.com/stocksbytheslice
Transcripts can be found at podcast.moneywithkatie.com.
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Mentioned in the Episode
The 4% Rule by Bill Bengen: https://www.retailinvestor.org/pdf/Bengen1.pdf
Our previous episode on the 4% Rule: https://podcast.moneywithkatie.com/the-most-dangerous-misconceptions-about-the-4-safe-withdrawal-rate/
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This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.katiegattitassin.com

Rich Girl Roundup: How to Save for Your Kids' Future Apr 10, 2023

Show notes

Whether it's for tuition expenses or weekly allowances, Katie and Henah chat through short-, middle-, and long-term strategies on saving for your children's future, including the 529, Roth IRA, and UGMA/UTMA for minors.
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
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Mentioned in the Episode
Previous RGR on Teaching Kids About Money: https://youtu.be/Y2Y-cOAKBuM
Best Debit & Credit Cards for Kids (updated monthly): https://www.businessinsider.com/personal-finance/best-debit-card-for-kids
The 529 (Qualified Tuition Programs): https://www.irs.gov/taxtopics/tc313
UTMA & UGMA for Minors: https://www.nerdwallet.com/article/investing/utma-ugma
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This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.katiegattitassin.com

Are Most Millionaires Actually “Self-Made”? Apr 05, 2023

Show notes

“Luck” is where opportunity meets preparation, right? Fantastic financial outcomes are the culmination of a lot of factors coalescing in a very specific way, but we tend to only focus on one: effort.
So much American lore (and by extension, American…personal finance advice?) is constructed on the foundation of the self-made meritocracy.
One such “statistic” that often gets touted in these conversations: Somewhere in the ballpark of 88% of US millionaires are “self-made.” But where does that figure come from? How was it determined? And where do its implications fall dangerously short?
We chat with Shannon McNamara, host of the Fluently Forward podcast, all about it.
Learn more about our sponsor, Vin Social: https://www.vinsocial.vip
Learn more about our sponsor, TaxAct: https://www.taxact.com/moneywithkatie
Learn more about our sponsor, Fidelity: https://fidelity.com/stocksbytheslice
Transcripts can be found at podcast.moneywithkatie.com.
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Mentioned in the Episode
The Fluently Forward podcast: https://podcasts.apple.com/mk/podcast/fluentlyforward/id1589952385
Here's How 9 Billionaires Start Their Mornings, per Insider: https://www.businessinsider.com/billionaire-morning-routine-mornings-oprah-zuckerberg-bezos-musk-buffett-gates-2019-1
A History of Hating the Rich for the Saturday Evening Post: https://www.saturdayeveningpost.com/2020/02/a-history-of-hating-the-rich/
"88% of all millionaires are self-made," per US News: https://money.usnews.com/money/blogs/on-retirement/articles/7-myths-about-millionaires
2017 Fidelity Investments Study: https://institutional.fidelity.com/app/proxy/content?literatureURL=/9884619.PDF
The National Study of Millionaires from Ramsey Solutions: https://www.ramseysolutions.com/retirement/the-national-study-of-millionaires-research
US Bureau of Labor Statistics on inheritances: https://www.bls.gov/osmr/research-papers/2011/pdf/ec110030.pdf
Hailey Baldwin Bieber on the Forbes 30 Under 30: https://people.com/style/hailey-bieber-lands-cover-of-forbes-30-under-30/
Kendall Jenner on work: https://www.refinery29.com/en-us/2018/08/207820/kendall-jenner-modeling-comments-response
Kendall Jenner on "having to fly all over Europe:" https://www.the-sun.com/entertainment/6416481/kendall-jenner-kardashian-out-touch-delusional-modeling-career/
Elon Musk on now-deleted Forbes article on his father's emerald mine: https://web.archive.org/web/20140802011449/http://www.forbes.com/sites/jimclash/2014/07/28/elon-musk-tells-me-his-secret-of-success-hint-it-aint-about-the-money/
90% of millionaires are male: https://www.verdict.co.uk/90-percent-millionaires-male/
8 Ways Rich People View the World Differently: https://www.cnbc.com/2016/10/11/8-ways-rich-people-view-the-world-differently-than-the-average-person.html
—
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This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.katiegattitassin.com

Rich Girl Roundup: When Is Going "Off-Brand" Worth It? Apr 03, 2023

Show notes

One reader asks when is going to "off-brand" providers worth it (i.e., switching to Mint Mobile from a legacy provider, as Katie has). Katie and Henah chat through what to look for instead, what's worth keeping "on brand" for, and their own real life examples (Louis Vuitton vs. Coach, All Clad vs. DTC cookware brands, etc.).
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
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This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.katiegattitassin.com

A Guaranteed Method for Hitting Your Goals: De-Compartmentalize Your Life Mar 29, 2023

Show notes

In a hyper-individualistic culture, it can feel like all the important parts of your life are at odds with one another: You may want to socialize regularly, spend time with family, save money, crush it at work, and exercise frequently, but as that one quippy girlboss coffee mug slogan reminds us: There are only 24 hours in the day (and something about Beyoncé).
What’s an ambitious person to do, especially when the overwhelm of big goals makes you want to throw in the towel, melt into a Netflix puddle, and nap? There’s only one sustainable solution: integration.
Learn more about our sponsor, TaxAct: https://www.taxact.com/moneywithkatie
Transcripts can be found at podcast.moneywithkatie.com.
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Mentioned in the Episode
New Year Annual Review: https://docs.google.com/document/d/1K2P_yL1Ah976P7MLicb55wgY2DY-39jP3Lvp810H6HQ/edit
Nat Eliason on De-Atomization: https://blog.nateliason.com/p/de-atomization-is-the-secret-to-happiness
Statistic on Single-Person Households in the US: https://www.statista.com/statistics/242022/number-of-single-person-households-in-the-us/
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This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.katiegattitassin.com

Rich Girl Roundup: The Financial Benefits of Being Active-Duty Military Mar 27, 2023

Show notes

Katie's husband Thomas has been an active-duty US Air Force JAG since 2021, and we've received many questions over the years about military benefits and finances. Here's the TL;DR on the perks of being active-duty military or a dependent based on Katie's personal experience, from accessing VA loans to basic allowances for housing.
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
Learn more about our sponsor, Betterment: https://betterment.com/moneywithkatie
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Mentioned in the Episode
Military Benefits for Active Duty and Veterans: https://www.benefits.gov/categories/Military%3A%20Active%20Duty%20and%20Veterans
VA Loan: https://www.va.gov/housing-assistance/home-loans/eligibility
VA Home Loan Process Checklist (Page 9): https://www.benefits.va.gov/HOMELOANS/documents/docs/VA_Buyers_Guide.pdf
The Reluctant Landlord: https://www.reluctantlandlord.net/
Military Pay & Pensions: https://www.usa.gov/military-pay
Thrift Savings Plan: https://www.dfas.mil/civilianemployees/employeebenefits/TSP/
Basic Allowances & Military Income: https://militarypay.defense.gov/pay/
Military Taxes & Residency: hrblock.com/tax-center/lifestyle/military/military-taxes-and-residency/
Military Health Insurance (TRICARE): https://www.tricare.mil/
Credit Card Benefits: https://www.americanexpress.com/us/help-support/service-members-civil-relief/
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This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.katiegattitassin.com

Rich Girl Roundup: How to Prep For Layoffs Mar 24, 2023

Show notes

If you think you may be affected by a potential recession or upcoming layoff, we’re running through the best tips on navigating this uncertainty—from figuring out your cash “runway” to understanding your rights as an employee.
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
Learn more about our sponsor, Betterment: https://betterment.com/moneywithkatie
Learn more about our sponsor, HOKA, and shop now for the HOKA Clifton 9: https://www.hoka.com/en/us/
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Mentioned in the Episode
Financial Steps to Take If You Fear You May Lose Your Job: https://moneywithkatie.com/blog/prepare-for-losing-job-how-to
Severance negotiation: https://www.fastcompany.com/90723978/you-have-more-power-than-you-think-when-negotiating-a-severance-package
Financial karma and constructive paranoia: https://podcast.moneywithkatie.com/financial-karma-and-the-fall-of-the-fintwit-bro-empire-must-see-lessons-about-constructive-paranoia/
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This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.katiegattitassin.com

The Hidden Costs of a Disability Mar 22, 2023

Show notes

It’s estimated that one in every four American 20-year-olds today will experience a disability before they turn 67, but a whopping 65% of workers in the private sector don’t carry long-term disability insurance (per our pals at the Social Security Administration).
This week, I’m joined by two Rich Girls who are sharing their stories about the little-known financial implications of experiencing a disability unexpectedly—and early in life.
Learn more about our sponsor, TaxAct: https://www.taxact.com/moneywithkatie
Transcripts can be found at podcast.moneywithkatie.com.
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Mentioned in the Episode
The Inclusive Traveler Instagram: https://www.instagram.com/theinclusivetraveler/
1 in 4 adults in the US live with a disability: https://www.cdc.gov/ncbddd/disabilityandhealth/infographic-disability-impacts-all.html
Healthcare blog posts on Money with Katie: https://moneywithkatie.com/blog/category/healthcare
—
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Rich Girl Roundup: Splitting Finances With Your Partner Mar 17, 2023

Show notes

Tackling finances with your partner can be tricky: What if one of you earns substantially more? What if you have different philosophies about money? What if you're tired of the "roommate" model of splitting costs down the middle? Katie and Henah share their respective approaches on money with their partners, and what to keep in mind when combining accounts.
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every Friday.
Learn more about our sponsor, Betterment: https://betterment.com/moneywithkatie
Learn more about our sponsor, HOKA, and shop now for the HOKA Clifton 9: https://www.hoka.com/en/us/
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Mentioned in the Episode
Money with Katie blog on combining finances: https://moneywithkatie.com/blog/how-we-combined-finances-for-marriage
Money with Katie blog on how to consider combining money: https://moneywithkatie.com/blog/what-to-consider-when-combining-finances-with-your-partner
-
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This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.katiegattitassin.com

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