Young and Profiting (YAP) with Hala Taha

YAPClassic: Tori Dunlap, How to Fix Your Money Mindset and Unlock Financial Freedom

Jan 3, 2025

Tori Dunlap, an internationally recognized money and career expert, shares her incredible journey from a corporate job to a seven-figure entrepreneur. She gives insights on achieving financial freedom by setting clear goals and investing wisely. Tori emphasizes the emotional connection to money, the importance of women's financial education, and offers practical tools like 'money dials.' She discusses the value of creating an emergency fund, the smart use of debt, and automating finances to reduce stress. Tune in for inspiring tips to reframe your money mindset!

01:06:19

Episode guests

Tori Dunlap

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Episode notes

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Quick takeaways

Tori Dunlap achieved financial freedom by setting and reaching a $100,000 savings goal, demonstrating the power of intentional financial planning.

The podcast emphasizes reframing societal narratives around money, particularly addressing the stigma women face in discussions about spending and wealth.

Tori advocates for financial education as a crucial tool for empowerment, particularly for women and millennials, to navigate personal finance successfully.

Deep dives

Relocation Plans and Tax Benefits

The speaker discusses intentions to relocate to either Texas or Florida in 2025, motivated by personal and financial factors. Living in these states can provide significant tax benefits, particularly for someone seeking to lower their tax burden. Miami and Austin are the primary contenders for this move; while there is familiarity with Miami, Austin holds appeal due to its growing reputation among entrepreneurs. A stay in an Airbnb rental is planned to assess whether Austin would be a suitable long-term location.

Intro

3min

From Struggles to Financial Freedom

15min

Business Tools for Entrepreneurs

5min

Empowering Women's Financial Awareness

21min

Building Financial Foundations: The Priority of Emergency Funds and Debt Management

4min

Exploring Retirement Solutions for Self-Employed Individuals

2min

Navigating Debt and Future Financial Goals

13min

Embracing Automation and Self-Worth for Financial Success

2min

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.

In this episode, Hala and Tori will discuss:

(00:00) Introduction

(01:35) Money as a Form of Protest

(03:59) How Tori Made $100K by 25

(06:41) Growing a Side Hustle Into Millions

(08:29) The Weaponization of Altruism

(12:58) The Freedom of a $100K Safety Net

(14:52) Why Financial Education Is Broken

(19:07) The Psychology of Money

(23:50) Why Women Are Shamed for Spending

(27:21) Reframing Your Money Mindset

(34:56) Spending Without Guilt or Shame

(40:06) How Much to Save for Retirement

(45:53) Side Hustles That Aren’t Sexy but Work

(49:34) Investing for Financial Independence

(53:35) Automate Your Way to Wealth

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, using money as its medium and committed to fighting the patriarchy by making women rich.

Connect with Tori:

Tori’s Website: herfirst100k.com

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

Tori’s Twitter: twitter.com/herfirst100k

Tori’s Instagram: instagram.com/herfirst100k

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Resources Mentioned:

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://amzn.to/4fmAe2v

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