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Money Rehab with Nicole Lapin

Why the Right Time to Build Wealth is Now

Tue, 20 May 2025

Description

When’s the right time to start building wealth? Spoiler alert: the sooner, the better. But what if you feel like you’re not making enough, or you have too many expenses, or investing just feels too intimidating? Today, Nicole helps a Money Rehabber break through those doubts and put a plan in place to start growing wealth ASAP. Plus, we’ll unpack a new Bank of America survey that shows 95% of Gen Z and Millennials are living within their means—so if you’re worried you’re behind, you might be doing better than you think. Learn more with Bank of America where you can get access to tools and solutions and view your Bank of America banking account online in one place. Get started at bofa.com/FinancialNextSteps

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Transcription

Full Episode

0.169 - 16.32 Unidentified Speaker (Brief Interjection)

One of the things I really love about my work is the fact that I can do it from anywhere. Getting a change of scenery can really help inspire creativity in my work and has once or twice or maybe more cured my writer's block. Being away for work, for fun, or for both is a perfect opportunity to host your space on Airbnb.

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17.04 - 35.033 Unidentified Speaker (Brief Interjection)

That way, not only do you get to experience a new part of the world, but you're also making money while you're doing it. And if you think hosting is overwhelming, I have a solve for you. With Airbnb's co-host network, it is easier than ever before to host. Now you can hire a high-quality local co-host to take care of your home and your guests.

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35.433 - 56.572 Unidentified Speaker (Brief Interjection)

They can do everything from creating your listing to managing reservations to messaging guests and providing on-site support. They can even help with design and styling. Also, by hosting on Airbnb, you can become part of another family's story, maybe even their hero. As you know, I stayed in an Airbnb for months when my house burned down, and I truly do not know what I would have done otherwise.

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56.992 - 72.361 Unidentified Speaker (Brief Interjection)

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 could hire a co-host to do the work for you. Find a co-host at Airbnb.com slash host. Support for today's episode comes from Square, your all-in-one business partner making your day-to-day easier.

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72.481 - 83.588 Unidentified Speaker (Brief Interjection)

From point-of-sale systems and payments to inventory and customer tools, Square brings everything together in one simple platform, keeping things organized and streamlined, which is honestly pure magic when you're running a business.

83.848 - 103.314 Unidentified Speaker (Brief Interjection)

Whether you're running a coffee shop, a salon, boutique or something entirely your own, Square gives you the flexibility to grow at your own pace and even set up an online store in just a few clicks. And right now, listeners can get up to $200 off Square hardware when you visit square.com slash go slash MNN as in Money News Network. That is S-Q-U-A-R-E.

107.777 - 124.673 Unidentified Speaker (Brief Interjection)

Visit Square to get started because the right tools make all the difference. And I know this firsthand. I love visiting La Colombe in Beverly Hills. They use Square to run an airtight operation. Normally when I'm there, it's for a fast caffeine fix. I am on the go, so it is a lifesaver that I can pick quickly. Square keeps up so you don't have to slow down.

124.913 - 148.847 Unidentified Speaker (Brief Interjection)

Get everything you need to run and grow your business without any long-term commitments. So why wait? Right now, you can get up to $200 off Square hardware at square.com slash go slash MNN. That's S-Q-U-A-R-E dot com slash G-O slash MNN. Run your business smarter with Square. Get started today. I'm Nicole Lappin, the only financial expert you don't need a dictionary to understand.

149.267 - 169.808 Unidentified Speaker (Brief Interjection)

It's time for some money rehab. Today's episode of Money Rehab is sponsored by Bank of America. So I have some good news. According to a recent Bank of America survey, Gen Z and millennials are actually feeling good about their financial futures.

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