Episode 28: Abundance Mindset, Why Finance is Feminist, and How to Get Rich With Tori Dunlap of Her First $100K.
Whether you consider yourself a financial expert or do basically the bare minimum (resisting UberEats for the fourth night in a row), this episode is going to blow your mind. Tori Dunlap is a globally recognized money expert who has been featured in major media like The Today Show, Good Morning America, TIME Magazine, and Forbes. Tori is the founder of Her First $100k and author of The New York Times bestseller, Financial Feminist: Overcome the Patriarchy's Bullsh*t to Master Your Money and Build a Life You Love. This is not your regular money conversation–it's a cool money conversation. In this episode, Josie and Tori dive into why finances can be a feminist act and why financial education for women is so important, identifying money mindsets holding you back and how to get into an abundant mindset, and Tori's top tips for growing your wealth, getting out of debt, and getting rich. *Cue Gwen Stefani's "Rich Girl" on repeat*
SHOW NOTES:
If reclaiming the narrative around your finances is one of your goals for 2023, this is the episode for you. This week, Josie sits down with financial expert and founder of Her First $100K Tori Dunlap to discuss all things money making and money saving. The episode kicks off with Tori telling the story of how she realized she wanted to leave her stable job in marketing to change the world by educating women about personal finance. She explains how her financially-conscious upbringing gave her an advantage when it came to managing her own savings, and what it was like when she decided to bring that information to an online community in the form of Her First $100K. Tori and Josie have a conversation about the language we use when we talk about money, the value of financial freedom as a form of protest against the patriarchy, and the emotions of guilt or shame that we may frequently associate with money. The two also discuss what it looks like to heal our relationship with our finances: Tori explains why it is important to interrogate our psychology around money before we get into the tangible, actionable steps to making and saving more. Tori asks Josie to dive deeper into her own relationship with money, and Josie shares her first money memory in a walkthrough of one of Tori’s favorite financial journaling prompts. Then, the episode pivots towards common pitfalls when it comes to handling money, from what Tori terms “analysis paralysis” to burying our heads in the sand and ignoring our finances altogether. Tori and Josie talk about the importance of investing in terms of thinking of your future, 65 year-old self and what we can do for that version of ourselves today. Josie asks Tori what are some weekly or monthly routines with our money that can help us have the best possible relationship to our finances, and Tori discusses her concept of the “money date.” The episode closes with a quick conversation on resolutions, how to financially recover after the holiday season, and some rapid-fire questions for Tori.
Must-Listen Moments:
[9:35] How Tori’s upbringing shaped her perspective around personal finance, and how that inspired her to star Her First $100K
[13:51] What is the relationship between personal finance and patriarchy, and how can we change the world with money?
[23:58] Josie shares her first money memory, and Tori explains how our psychological relationship to finances impacts our saving and spending habits
[38:02] How to start investing based on the life that you want your 65 year-old self to live
[46:15] What is a money date, and why is it an important form of self-care to regularly check up on your finances?
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