Master Your Investments Once and For All
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Why does Nicole Lappin hate fees?
You have probably heard me call myself the fee police because I hate, hate, hate fees. It makes it really hard to stay on budget, which then can delay our financial progress. When we're trying to make progress, life's curve balls often feel like taking one step forward and two steps back.
What are the benefits of using Chime for financial progress?
A time checking account makes financial progress easier with features like no maintenance fees and fee free overdraft up to 200 bucks or getting paid up to two days early with direct deposit. Learn more at Chime.com slash MNN. When you go to Chime.com slash MNN, you'll see all the reasons I love Chime. Like, did you hear me say that Chime allows you to overdraft up to $200 with no fees? Chime also has no monthly fees or maintenance fees. And Chime has over 50,000 fee-free ATMs. So as the fee police myself, I approve. 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 as in Money News Network. Chime feels like progress. It's me talking about public again, obviously. Are you surprised?
It is my favorite brokerage after all. By now you know Public is the only place I personally buy bonds. If you haven't heard my spiel, in the olden days, I would buy treasuries through the government website and it would always take forever. And also the branding was horrible. It kind of looked like the Toys R Us website back in the day. But with Public,
How can you invest in bonds and other assets with Public?
it's simple and easy to invest in treasuries right from your phone. There are literally thousands of bonds to choose from on public, not just government bonds, corporate bonds too. You can use public for more than just your bond investments, of course. On public, you can invest in stocks, ETFs, options, crypto, and they even have a high yield cash account where you can earn 4.1% APY on your cash. And there's an exciting new offering on public that I cannot wait to tell you about. Now you can invest toward your future self through retirement accounts. On public, you can open a traditional IRA or a Roth IRA or both. I mean, why not? If you're looking for a simple yet sophisticated investing experience, head over to public.com slash money rehab.
One more time because trust you will thank me later. Public.com slash money rehab. This is a paid endorsement for public investing. Full disclosures and conditions can be found in the podcast description. I'm Nicole Lappin, the only financial expert you don't need a dictionary to understand. It's time for some money rehab. So tomorrow, my fifth book, The Money School, comes out. How crazy is that?
What is Nicole's special announcement about her new book?
And I don't write books just to write them, I promise. I keep writing them because the rules of the financial game keep changing. And I want you to not only be able to play, but to win. So this week, I'm going to share some financial strategies that I break down in the book. But first, let's talk about why I have to write all of these dang books in the first place. Like I said, it is the financial game that keeps changing, and it's all because of one key player. interest rates. When I wrote Rich Bitch and then Miss Independent, two of my previous books that talk about financial markets, interest rates were super low, like unnaturally low.
How do changing interest rates affect investments?
Changing interest rates by small percentages or fractions of a percent might not feel like a big deal, but it is the biggest of big deals in the financial world. To give you some context on this, interest rates were set to nearly zero after the housing crisis of 2008. This was done to try and prop up the economy because it was completely in the dumps. And then during the pandemic, when the dump caught fire, interest rates plummeted again. Once things stabilized, as we all remember, the Fed then started picking interest rates up off the floor and interest rates got, quote, high. I put that in air quotes right now. I know you can't see that, but that's what people were saying. Interest rates are so high.
And while they were high relative to COVID doomsday times of zero, I mean, the Fed got up to around 5.3 percent. It was nowhere near all time highs. In the 1990s, interest rates were hovering around 5 percent, too, but got as high as 10 percent. Then a decade before that, in the 80s, interest rates flirted with 20 percent. I mean, I'll say it again, 20 freaking percent.
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Chapters
6 chapters
1
Why does Nicole Lappin hate fees?
0:00–0:17
2
What are the benefits of using Chime for financial progress?
0:17–1:37
3
How can you invest in bonds and other assets with Public?
1:37–2:54
4
What is Nicole's special announcement about her new book?
2:54–3:29
5
How do changing interest rates affect investments?
3:29–5:10
6
Are higher interest rates good or bad for investors?
5:10–11:13
Speakers
1 identifiedMore from Money Rehab with Nicole Lapin
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