Senator Elizabeth Warren on The Fight to Ban Stock Trading in Congress (Pt 1)

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Money Rehab with Nicole Lapin 29 min 3 speakers transcribed
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Nicole Lapin 0:00
i am so excited you head up to big sur with my husband this fall we are celebrating our anniversary and while i will miss the little mush so much uh we are also really excited to have a little parents time we deserve that but you know it got me thinking about this feeling when you walk out of the door for a trip and you wonder what your blaze is doing while you're gone. Well, it turns out it could be working for you. I've been hosting on Airbnb for forever now, and I tell all of my friends to do the same because it's an amazing way to make passive income from an asset you already have, your home. But some of my friends who are super busy worry that hosting on Airbnb would feel like having a second job.
Nicole Lapin 0:40
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Nicole Lapin 1:21
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 house or gosh, I don't know, growing a family, asking for a friend. Yes, I am that friend. In fact, my husband and I actually just talked to Adriana Adams, head of financial planning at Domain on the podcast, and she had this advice around what to do to set our daughter up for financial success.
Unknown 1:44
So there's three things that I would prioritize. The first one is saving for your own future because the best gift you can give her is to not be a burden later in life. And the second thing is life insurance, which I know sounds morbid and is not fun. I'm a huge fan of cheap term life insurance. Really, we just want to replace your income in case something happens to you guys so that she is taken care of. And the third thing is estate planning. And believe it or not, everybody has an estate plan. It just depends on if you created it or the government created it for you.
Nicole Lapin 2:19
So as you can probably tell from that, Domain gives you something most people never have, a step-by-step financial plan that actually makes sense and does not make your brain hurt. So get started today and book your free strategy session at domainmoney.com slash moneyrehab. 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. I'm Nicole Lappin, the only financial expert you don't need a dictionary to understand. It's time for some Money Rehab.
Money Rehab
Nicole Lapin 3:02
Today, we're going to get into a topic that I am so, so heated about. Insider trading in Congress. And to break it all down, I have a very special guest who has long advocated for congressional stock trading to be banned. Senator Elizabeth Warren. You've seen Senator Warren in the headlines. She's been the senator of Massachusetts since 2013. And in 2020, she ran for the Democratic nomination for president, but withdrew. And as we know, President Biden got the spot on that ticket. But before she was in Congress, she was one of the fiercest watchdogs for consumers during the 2008 financial crisis. In fact, she was the driving force behind the creation of the Consumer Financial Protection Bureau. And whether you think Doge had a point in slimming the CFPB or not, it is true that the CFPB has helped return over $20 billion to Americans who were cheated over by big banks or shady lenders.
Nicole Lapin 3:54
She's also a former Harvard Law professor and a little-known fact, even though she's a very vocal advocate for liberal issues, she was a registered Republican until the mid-90s.

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