The Money with Katie Show

Join Nick Maggiulli, author of 'Just Keep Buying' and COO of Ritholtz Wealth Management, as he shares insights on personal finance. He explains why focusing too much on minor spending choices can be counterproductive. Discover how to navigate risky career shifts while maintaining financial momentum. Nick discusses the unique risks and opportunities that arise once you surpass a $100,000 net worth—shifted even more past the $1 million mark. Get ready for handy tips to evaluate your spending and investment opportunities with confidence!

Katherine Clark, the highest-ranking woman in Congress and U.S. Representative for Massachusetts's 5th district, delves into pressing legislative issues. She discusses the troubling implications of Medicaid cuts, particularly on rural and low-income communities, warning of hospital closures and increased healthcare costs. Clark critiques the One Big Beautiful Bill Act, highlighting its benefits mostly to the wealthy while amplifying the struggles of everyday Americans. She emphasizes the urgent need for community action and sheds light on the unsettling influence of corporate interests in politics.

The hosts dive into the emotional and financial rollercoaster of homeownership, sharing personal anecdotes and unexpected costs. They tackle the burden of intelligence in creative fields, exploring how it shapes personal and professional lives. The conversation shifts to political engagement, emphasizing grassroots activism and economic reforms. They also reflect on cultural perspectives towards work and caregiving, and the complexities of wealth distribution, urging a balance between financial enjoyment and community support.

Jonathan Grimm, a financial advisor and author of The Future Poor, discusses the shortcomings of traditional retirement planning. He argues for a shift from mere cash accumulation to a more nuanced understanding based on social determinants of health. Grimm highlights the financial struggles of younger generations, emphasizing community support over individualism. The conversation critiques outdated retirement models, advocating for meaningful engagement in work post-retirement to enhance well-being. He calls for ethical considerations in finance to address systemic issues contributing to retirement poverty.

Ray Dalio, hedge fund founder and economic expert, dives into the critical financial issues facing America today. He discusses his new book, emphasizing the importance of understanding debt cycles to prevent economic collapse. Dalio urges for strategic public investments instead of austerity, highlighting the dangers of skyrocketing deficits. He reflects on historical economic patterns, drawing parallels with today’s challenges, and advocates for a balanced fiscal approach that prioritizes equity. This conversation provides essential insights for navigating today’s complex economy.

Dr. Tressie McMillan Cottom, a renowned sociologist and MacArthur Genius, dives into the gaps between economic indicators and everyday experiences. She explores how societal values shape perceptions of status and how personal narratives reveal the intricacies of class and power. Tressie also tackles the disconnect between political narratives and the struggles faced by the middle class, along with the impact of beauty standards on empowerment. The conversation highlights the challenges Black women face in capitalism and critiques how cultural phenomena influence identity and politics.

The hosts dive into rich discussions about the cultural impact of the 'girl boss' era and the emotional rollercoaster of launching a book. They reflect on diverse audience feedback while navigating capitalism's challenges, particularly student loans and corporate monopolies. A guest emphasizes the importance of personal values in financial decisions. The conversation also touches on the complexities of advocacy in finance, the role of AI, and the vital aspect of storytelling in empowering communities. It's a vibrant blend of finance, culture, and authenticity!

Dive into a captivating Q&A session about the ins and outs of writing a book. Discover the financial dynamics behind publishing, including advances and royalties. Learn about the creative process, from finding an agent to grappling with AI's impact on writing. Explore personal finance through a feminist lens and how it shapes community connections. Enjoy light-hearted discussions on marriage, wedding planning, and the importance of financial transparency in relationships. Plus, get a sneak peek of the audiobook!

Amanda Holden, known as Dumpster Doggy, is an investing educator and former finance pro championing financial independence. In this discussion, she shares insights on breaking free from corporate confines and pursuing a life aligned with personal values. They explore the 4% rule for financial independence, the emotional journey of leaving unfulfilling careers, and the role of AI in finance. They also discuss rethinking consumption in uncertain times and advocate for strategic investing to navigate today's economic challenges.

JL Collins, author of 'The Simple Path to Wealth' and a beacon in the financial independence movement, shares crucial insights on today’s financial landscape. He tackles the student loan crisis and debunks the myth of 'good debt.' Collins advocates for downsizing living expenses and critiques America's consumer culture. A spirited debate on capitalism unfolds, pondering whether billionaires create jobs or vice versa. Tune in for thought-provoking discussions that challenge conventional wisdom and inspire financial freedom.