Young and Profiting (YAP) with Hala Taha

Tori Dunlap: Unlocking Financial Freedom, the REAL Cause of Money Problems and How to Defeat Them for Good | E245

Sep 18, 2023

Tori Dunlap, a financial expert and entrepreneur, shares her journey of making $100k by age 25 and offers wealth-building tips. They discuss the psychology of personal finance, reframing our mindset toward money, and the weaponization of altruism. Tori also emphasizes the importance of financial education and creating an emergency fund. They touch on retirement planning for freelancers and entrepreneurs and the concept of using debt as leverage. They conclude by highlighting the gender stereotypes around money and the need for open conversations.

01:09:04

Episode guests

Tori Dunlap

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Episode notes

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Quick takeaways

Establish an emergency fund of at least three months' worth of living expenses to provide stability and security.

Prioritize paying down high-interest debt to prevent financial strain and save money on interest payments.

Balance saving for retirement with paying down lower interest debt to invest in the future while managing current financial obligations.

Deep dives

Priority 1: Start an emergency fund

The first step is to establish an emergency fund. This fund should consist of at least three months' worth of living expenses and should be kept in a high-yield savings account. Having an emergency fund provides a sense of stability and security, ensuring that you are prepared for unexpected financial situations that may arise.

Introduction

3min

The Emotional and Psychological Impact of Money

2min

Building a Life with Financial Education

16min

The Benefits of Using Factor for Meal Preparation

6min

The Lack of Financial Education and Gender Stereotypes

23min

Retirement Planning for Freelancers and Entrepreneurs

8min

Debt: Pay It Off or Leverage It?

19min

After graduating from college in 2016, 22-year-old Tori Dunlap started an entry-level job in corporate marketing. But she set herself a goal: figure out a way to make $100,000 by the age of 25. She reached that goal three years later and quit her job. In doing so, she realized how money and personal finance are tools you can use to shape your life into something that you love. In this episode, Tori will offer some wealth-building tips and share how to set financial goals and invest mindfully to create a strong financial future.

Tori Dunlap is an internationally recognized money and career expert, seven-figure entrepreneur, bestselling author, and top podcast host. CNBC called Tori “the voice of financial confidence for women,” and TIME said, “Tori Dunlap is on top of the personal finance world.” She is a Forbes 30 Under 30 honoree and the author of the New York Times bestselling book “Financial Feminist.”

In this episode, Hala and Tori will discuss:

- Money as a form of protest and empowerment

- Making $100k by age 25

- Growing a side hustle into a multimillion-dollar business

- The psychology of personal finance

- Helping everyone access a better financial education

- The weaponization of altruism

- Reframing our mindset toward money

- Creating an emergency fund and financial priority list

- Knowing how much to save for retirement

- Side hustles that aren’t sexy

- And other topics…

Tori Dunlap is an internationally recognized money and career expert, seven-figure entrepreneur, bestselling author, and top podcast host. CNBC called Tori “the voice of financial confidence for women,” and TIME said, “Tori Dunlap is on top of the personal finance world.” She is a Forbes 30 Under 30 honoree and the author of the New York Times bestselling book “Financial Feminist.” Her First $100K is a feminist first platform committed to fighting the patriarchy by making women rich.

Resources Mentioned:

Tori’s Website: https://herfirst100k.com/

Tori’s LinkedIn: https://www.linkedin.com/company/herfirst100k/

Tori’s Twitter: https://twitter.com/herfirst100k

Tori’s Instagram: https://www.instagram.com/herfirst100k/

Tori’s Facebook: https://www.facebook.com/herfirst100K/

Tori’s Tiktok: https://www.tiktok.com/@herfirst100k

Tori’s Podcast (Financial Feminist) https://herfirst100k.com/financial-feminist-podcast

Tori’s Book: Financial Feminist: Overcome the Patriarchy’s Bullsh*t to Master Your Money and Build a Life You Love: https://www.amazon.com/Financial-Feminist-Overcome-Patriarchys-Bullsh/dp/0063260263/

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