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"Women like me aren't supposed to run for office" -- Alexandria Ocasio-Cortez 💫
 
Good morning,

This is newsletter number 100! Ignore Black Friday, it has totally lost its hype to us. Something much more interesting happened this week. Alexandria Ocasio-Cortez, genius youngest woman ever elected to Congress - she’s 29 - publicly disclosed her personal finances. She has less than $7,000 in personal savings, and her wages in 2017 came to about $26,600—primarily from work at Coffee Shop Tacqueria—and she is still paying off between $15,000 and $50,000 in student-loan debt.

Alexandria has been trending on Twitter following a CNBC story featuring a financial planner who said that “Ideally, a 29-year-old would have at least a few thousand dollars in a cash reserve and the equivalent of a year’s salary in a retirement investment account,” and that “Ocasio-Cortez should have over $27,000 saved for retirement.” However, 43% of millennials have less than $5,000 saved, just showing again the massive disconnect between the financial world and the consumers.
What happened this week?
  • We had our workshop on Passive Investing with Scott Tindle from Tindle Wealth, was really cool to see so many of you.
  • Writing writing writing the Vestpod “You’Re Not Broke, You’Re Pre Rich” book, will be published in May 2019.

Have a good day!
 
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What On Earth
Are We Doing With Our Money?
Welcome to our new money section! You may already know Refinery29’s Money Diaries… this is our own version of it! We’ve put together a few questions to understand what women are doing with their money. Let’s break the taboo and talk more about finances!
1 min read 👀
On our minds this week:

💸 The Most Powerful Woman in Investing Gives a Rare Interview. Fidelity’s third-generation leader opens up about cryptocurrencies, M&A and why her firm cut index fund fees to zero. Bloomberg

🙋 The Benefits of Sharing Your Salary. Go forth and share openly and enthusiastically! The New York Times

📒 Martin Lewis launches finance textbook for schools. Founder of Money Saving Expert funds initiative to help children learn about money (free to download!). FT

📻 How Podcasts Became a Seductive—and Sometimes Slippery—Mode of Storytelling. The New Yorker

👊 France Prepares to Get Tough on Firms That Pay Women Less. Under a new law, companies with gender salary gaps could face a fine of up to 1% of their total payroll. WSJ

📺 Goop is in talks with Netflix to shoot and stream a series based on the brand’s core theme of “wellness”. WWD

👀 Money is still “the last taboo” – and our judgemental attitude isn’t helping. The Pool
MoneyTalk With Alessandra Sollberger
Founder & Investor
What does financial independence mean to you?
"Being able to truly do what you feel like your highest calling is, without worrying about external restraints."
3 min read 🙋
Finance on
An Index Card!
The Index Card: why personal finance doesn’t have to be complicated
3 min read 👊
Do you want to continue our discussion online with the community? Join our Private Facebook Group here.
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We are not certified financial advisers! The articles and information made available on Vestpod are provided for information and educational purposes only and do not constitute financial advice. You are advised to consult with an independent financial advisor for advice on your specific circumstances.
Copyright © 2018 Vestpod Ltd, All rights reserved.


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