Kate Somerville on Choosing a Path and Learning from Scams

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Money Rehab with Nicole Lapin 26 min 3 speakers 3 chapters transcribed 2 months ago
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What pivotal advice changed Kate Somerville's life?

Nicole Lapin 0:00
Imagine trying to become a pro athlete without having a coach. It sounds crazy, right? We all need help leveling up in areas that matter to us. And that's why one of the smartest financial moves you can make is working with a certified financial planner. Domain Money CFP professionals don't just hand out generic financial advice. They help people get on track for early retirement, fix messy investment allocations, and figure out the perfect timing for major purchases like buying a home. What I love about their approach is that they don't do cookie-cutter financial plans. They actually dig into what you're trying to achieve and optimize everything around your specific goals. Here's what you need to do.
Nicole Lapin 0:41
Book a free strategy session to see if they're a good fit for your situation. Zero pressure, just real advice tailored to where you're at financially. You can get started today at domainmoney.com slash money rehab. And here's what I totally respect about them. They use transparent flat fees so you know exactly what you're paying up front. No sneaky percentage fees eating into your returns or surprise charges that derail your financial progress. Your financial plan isn't some one and done document. As your life changes, they're right there helping you adjust your strategy so you stay on track towards your money goals. Domain gives you something most people never have, a step-by-step financial plan that actually makes sense and doesn't make your brain hurt.
Nicole Lapin 1:23
So get started today and book your free strategy session at domainmoney.com slash money rehab. I am not a real client of Domain Money. Via Money Rehab, I receive compensation and have an incentive to promote Domain Money. See important disclosures at dmnmny.co.axe. What is your bank doing for you? And how much is it costing you? That's a serious question, because if they're charging you $8 a month with zero extra services, I've got to stage an intervention here. What are you paying them for anyway to hold your money for you? You deserve better. That's what I love about Chime. There are no monthly fees, no maintenance fees. My younger self would have definitely benefited from this. It's not just the no fees thing.
Nicole Lapin 2:07
It's what they have to offer you, too. If you set up direct deposit, you can get paid up to two days early automatically. And with qualifying direct deposits, you're eligible for free overdraft up to $200 on debit card purchases and cash withdrawals. Plus, they have over 47,000 fee-free ATMs. So seriously, ask yourself, what is your bank doing for you? And just how much are they charging you to do it? And if the math isn't mapping, think about making a change. Work on your financial goals through Chime today. Open an account in just two minutes at Chime.com slash MNN.
Nicole Lappin 2:39
Chime feels like progress. Chime is a financial technology company, not a bank. Banking services and debit card provided by the Bancorp Bank N.A. or Stride Bank N.A. Members FDIC. Spot me eligibility requirements and overdraft limits apply. Timing depends on submission of payment file. Fees apply at out-of-network ATMs. Bank ranking and number of ATMs according to U.S. News and World Report 2023. Chime checking account required.
Nicole Lapin 2:52
Hey guys, are you ready for some money rehab?
Nicole Lappin 2:58
Wall Street has been completely upended by an unlikely player, GameStop.
And should I have a 401k? You don't do it? No, I never do it.
Nicole Lappin 3:08
You think the whole world revolves around you and your money? Well, it doesn't.
Charge for wasting our time. I will take a check. Like an old school check. You recognize her from anchoring on CNN, CNBC, and Bloomberg. The only financial expert you don't need a dictionary to understand. Nicole Lappin.
Nicole Lapin 3:30
As you know, on Money Rehab, we feature changemakers, public figures making change in every sense of the word. and along the way have been in or might still be in money rehab. Today, I'm talking to Kate Somerville, the founder and namesake, of course, of the skincare brand. Kate is a really smart, savvy entrepreneur, and I'm excited to have her on the show because I always learn something each time I talk to her.

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