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Money Rehab with Nicole Lapin

Trump’s Tariffs and What They Mean for Your Wallet

25 Feb 2025

Description

You've seen the headlines about the Trump Tariffs. Today, Nicole explains how they're going to affect your wallet, and what you can do to protect yourself. All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Open to the Public Investing, member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank.

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Transcription

Full Episode

0.15 - 17.927 Nicole Lappin

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.

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17.947 - 33.239 Nicole Lappin

It kind of looked like the Toys R Us website back in the day. But 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.

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33.639 - 55.96 Nicole Lappin

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?

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56.161 - 72.285 Nicole Lappin

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.

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72.984 - 89.71 Nicole Lappin

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.

90.03 - 110.78 Nicole Lappin

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?

111.28 - 132.715 Nicole Lappin

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.

132.875 - 171.925 Nicole Lappin

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 Well, there has been a whole lot going on in financial news while I've been on kind of sort of maternity leave.

172.425 - 190.859 Nicole Lappin

It wasn't hard to pick the first stories to cover as my first episodes back because two of the biggest stories in financial news right now are undoubtedly all things Doge and tariffs. Yesterday, we covered all things Doge. Today is all about tariffs. But as always, I'm going to focus on why this matters to you and your microeconomy.

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