White Coat Investor Podcast

WCI #363: Women and Their Finances

16 snips
Apr 18, 2024
Britt Williams Baker, co-founder of Dow Janes, discusses finance for women vs. men, value-aligned investing, financial stereotypes, and getting less financially interested spouses involved. Topics include starting financial management at any age, consciousness in spending and investment strategies, empowering women through financial knowledge, and joint financial planning for couples.
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ANECDOTE

Early Money Lessons

  • Britt Williams Baker learned about money very young from her parents, who taught her saving and investing with a "daddy bank" notebook.
  • Her early education shaped her value of money and appreciation for compound interest and saving.
INSIGHT

Gender and Finance Application

  • Financial principles are universal, but application differs by group, e.g., women must plan for longer retirements.
  • Women often have greater emotional awareness and connection to money, affecting their financial approach.
ADVICE

Learning Finance in Community

  • Women learn best in community and from peers, but money remains taboo and hard to discuss openly.
  • Seek relatable, approachable financial educators to foster better learning experiences.
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