Hey Ass Kickers!
On today’s show, we’re talking money and retirement, and who better to help us dig deeper on these subjects than Amanda Steinberg. Amanda is the founder & CEO of Worth FM, a new digital financial advisor for women, and DailyWorth, the leading digital financial media company for women (with over 1 million subscribers to its daily e-newsletter)! In my talk with Amanda, we look at why women are so afraid to engage with money she helps us debunk the stories we’ve told ourselves when it comes to our finances.
You’ll also hear:
- Money is a made up object, yet we layer all this emotion around it (5 minutes, 49 seconds)
- What it means to change your “money story.” Start preparing for the future with something that resonates with YOU (11:01)
- Why advice coming from financial advisors and banks are really doing you a disservice (16:47)
- What is net worth and how do you calculate it? (17:55)
- How women are less likely to have retirement savings versus men (and what we can do about it)! (23:16)
If you’re like me, you’ve probably felt overwhelmed and I suspect this feeling is more common than not when talking about this stuff. My hope is that after listening to this episode, you’ll see that it doesn’t have to be this way.
“I’ll just say it: for women, the retirement picture looks pretty grim on paper. Only 44 percent of working women contribute to a retirement savings account, according to the US Department of Labor.21 Women are almost 30 percent more likely than men not to have retirement savings. Two-thirds of women (63 per- cent) say they have no savings or less than $10,000 for retirement, compared with just over half (52 percent) of men. The gap widens as savings balances get higher. Whereas men and women are about as likely to have between $10,000 and $99,000 saved for retirement, men are twice as likely as women to have saved $200,000 or more.”
As promised, here’s Amanda’s holiday card.
Resources from this podcast:
Amanda Steinberg is the founder & CEO of Philadelphia-based Worth FM and DailyWorth. Founded in 2015, Worth FM is a new digital financial advisor for women, currently in beta release. DailyWorth, founded in 2009,is the leading digital financial media company for women, with over 1 million subscribers to its daily e-newsletter. Prior to founding DailyWorth in 2009, Steinberg was a computer programmer and CEO of Soapbxx,a Web engineering company serving many of the U.S.’s largest social and cultural institutions. She’s a graduate of Columbia University where she studied urban planning and computer science.