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Money Rehab with Nicole Lapin

Insider Trading in Politics Is a Bigger Problem Than We Thought

Wed, 30 Apr 2025

Description

The portfolios of members of Congress outperform the S&P 500 by 17%. That's not smart investing— that's insider trading. Today, Nicole shares some jaw-dropping examples of insider trading in Washington, and how we can use politicians' investment disclosures to predict the future.

Audio
Transcription

Who is Nicole Lappin and what is her expertise?

0.329 - 21.875 Nicole Lappin

So I have written, count them, five books now. But each time I'm in the writing process, I stay at an Airbnb. I love to stay at an Airbnb. When I was actually first launching this show, I was at an Airbnb in Arizona. It was so peaceful. It was stunning. I could be productive and comfortable. The Airbnb was also surrounded by a ton of javelinas.

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22.135 - 46.856 Nicole Lappin

If you know Arizona, you know they're like wild pig creatures. But honestly, I love them too. Being away for work, for fun, or both is a perfect opportunity to host your space on Airbnb. And if you think that hosting is overwhelming, I have a solve for you. With Airbnb's co-host network, it's easier than ever before to host. It's also a great way to earn some extra cash, which I know we all love.

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47.116 - 68.447 Nicole Lappin

Now you can hire a quality local co-host to take care of your home and your guests. They can do everything from creating your listing to managing reservations to messaging guests and even providing on-site support. So if you've got a secondary property or an extended trip coming up and you need a little help hosting while you're away, you can hire a co-host to do the work for you.

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68.687 - 71.148 Nicole Lappin

Find a co-host at Airbnb.com slash host.

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72.284 - 79.049 Advertisement Narrator

Your financial goals feel like a big leap away, but really it's just a bunch of baby steps that together make a big difference.

79.429 - 92.739 Nicole Lappin

When you open a time checking account, you're one step closer to a better financial future. With no maintenance fees, fee-free overdraft up to 200 bucks, or getting paid up to two days early with direct deposit, making progress has never been easier.

93.199 - 106.446 Advertisement Narrator

And if you ever want to access your pay before payday, you can use MyPay to get up to 500 bucks of your pay before payday with no mandatory fees or interest. Learn more at Chime.com slash MNN. You know, I hate fees, especially overdraft fees.

106.807 - 116.469 Nicole Lappin

I remember when I was in my 20s and I overdrafted for the first time with an old bank. I didn't even know that I had overdraft protection turned on and that protection would mean a $35 fee on my $5 latte.

118.53 - 137.29 Advertisement Narrator

But Chime allows you to overdraft up to $200 with no fees because they get it. Make progress toward a better financial future with Chime. Open your account in just two minutes at Chime.com slash MNN. That's Chime.com slash MNN. Chime feels like progress. Banking services and debit card provided by the Bancorp Bank N.A. or Stride Bank N.A. Members FDIC.

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