Ep: 163: Stop Making These Mistakes With Your Money! Money Expert: Tori Dunlap

Description

In this conversation, Tori Dunlap, a money expert and author of 'Financial Feminist', discusses her mission to empower women through financial literacy. She shares her personal journey from a corporate job to entrepreneurship, emphasizing the importance of financial independence and the impact of childhood money narratives. Tori debunks common myths about debt, offers strategies for managing credit card debt, and highlights the benefits of leveraging credit cards responsibly. The conversation underscores the significance of financial education in achieving personal and financial freedom. In this conversation, Tori and Keresse discuss the fundamentals of investing, debunking common myths and misconceptions, particularly for women. They emphasize the importance of financial literacy, the necessity of having open conversations about money in relationships, and the value of prenups. Tori shares insights on investment accounts, the significance of starting to invest early, and how money can contribute to happiness and autonomy. The discussion concludes with Tori reflecting on her journey and offering advice to her younger self.

takeaways

  • Tori's mission is to empower women financially.

  • Financial literacy is crucial for women's independence.

  • Debt can be a useful tool when managed properly.

  • Having an emergency fund is essential before tackling debt.

  • Understanding money narratives can change financial habits.

  • Credit cards can provide significant benefits if used wisely.

  • Women often face unique challenges in financial education.

  • Financial trauma can stem from well-meaning advice.

  • Investing in oneself is key to financial growth.

  • Financial independence opens up more life choices. Investing is accessible to everyone, not just the wealthy.

  • You don't need a finance degree to be good with money.

  • Compound interest is a powerful tool for growing investments.

  • Starting to invest early can significantly impact your financial future.

  • Having a prenup is about protecting yourself, not just wealth.

  • Open conversations about money can strengthen relationships.

  • Money can buy stability, safety, and autonomy.

  • It's important to take action rather than get stuck in analysis paralysis.

  • Each partner should have their own money for independence.

  • Worrying doesn't help; focus on enjoying the present.

Chapters

00:00Empowering Women Through Financial Literacy

03:19Tori's Journey to Financial Empowerment

05:35The Leap to Entrepreneurship

09:17Understanding Money Narratives

12:11Debunking Debt Myths

16:12Strategies for Managing Credit Card Debt

22:08Leveraging Credit Cards for Benefits

26:35Investing Basics for Beginners

31:34Understanding Investment Accounts

37:42The Importance of Prenups

45:37Money Conversations in Relationships

47:23Does Money Buy Happiness?

51:03Advice to My Younger Self

Stay Connected: Visit Tori Dunlap’s website: https://herfirst100k.com/

Tori’s Book: https://herfirst100k.com/financial-feminist-book

Tori’s Number one Podcast: the financial feminist podcast

//herfirst100k.com/financial-feminist-podcast/

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Disclaimer: The views and opinions expressed by the guests are their own and do not necessarily reflect those of the podcast host or platform.

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