The Money with Katie Show On Worthwhile Side Hustles, Financial Tradeoffs, & Frustration with American Politicians
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Aug 27, 2025 Dive into the fascinating world of personal finance with a mix of humor and insight! Discover when side hustles truly pay off and learn how to calculate opportunity costs creatively. The discussion also takes a critical look at wealth taxes and the complexities of U.S. immigration policies, revealing frustrations with the political landscape. Plus, a new segment lets listeners air their grievances while exploring the balance between financial decisions and personal fulfillment. Expect to be entertained and informed all at once!
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0.01% Per-Day Spending Heuristic
- Use the 0.01% per-day heuristic to decide small discretionary purchases relative to net worth.
- If a purchase is one ten-thousandth of your net worth per day, it likely won't meaningfully affect your financial trajectory.
Insurance Defines Manageable Downside
- Insurance's role is to define your downside and buy peace of mind against rare catastrophic events.
- For many curveballs, specific insurance (disability, long-term care) may be worth the premium versus hoarding excessive savings.
Wealth Concentration Harms Democracy
- Extreme private wealth concentrates power over labor and economic resources, which harms democracy and economic efficiency.
- Taxing extreme wealth is framed as reducing disproportionate market and political power, not merely raising revenue.
