Money Rehab with Nicole Lapin

Today, we're sharing the first episode of MNN's newest podcast Social Currency with Sammi Cohen. In her first episode, Sammi sits down with entrepreneur Ty Haney. Ty shares what she wishes she knew as a first-time founder while building the brand Outdoor Voices, the dark side of VC and the most important lesson she’s learned on equity as a founder. She also shares the latest on her new ventures—Joggy, a clean energy brand, and TYB, a platform redefining what community-powered business looks like. If you've ever launched, led, or lost something you built, this one will hit home. Follow Sammi on Instagram here Follow Ty on Instagram here Check out TYB here and Joggy here  Here’s what Sammi covers today with Ty: 00:00 How Ty Haney Scaled Outdoor Voices to $100M  02:05 How to Build Community within your Business 06:17 The Curse of the Girlboss Era 08:41 The Trap of Growth Versus Profitability 21:13 The Importance of Equity as a Founder 23:27 Second Acts: TYB and Joggy 29:37 The Value Proposition of Joggy 32:21 The Value Proposition of TYB 46:00 Insights and Reflections 48:52 Social Currency Corner 49:58 Advice for Founders

Celebrating a raise? Beware of lifestyle creep, which can sneakily derail your savings. The discussion offers practical strategies to manage your new income thoughtfully. Discover the 50-30-20 rule for personal budgeting and learn to set effective financial goals. Understand how high-yield savings can work in your favor. Boring financial strategies are highlighted as pathways to wealth, reminding you that slow and steady wins the race. Plus, automation tools are suggested to keep your finances on track!

Discover the hidden financial workings of Vatican City, where tradition meets modern challenges. Explore the scandals and reforms initiated by Pope Francis, shedding light on the Church's struggle for transparency. Delve into the Vatican Bank's audit and the ongoing efforts to address deficits while balancing its dual role as a religious and sovereign entity. This episode reveals the complex interplay of finance within a deeply historical institution, raising questions about the future of the Catholic Church.

Sharna Burgess, a Dancing with the Stars alum and co-host of the Oldish podcast, shares her journey of wedding planning with fiancé Brian Austin Green. She reveals how finances play a crucial role in their decisions, including the influence of a business manager in their love story. The conversation dives into challenges couples face while planning a wedding on a budget, the importance of transparency in shared finances, and the value of discussing prenuptial agreements to ensure financial security. Plus, get tips on setting up joint accounts for a harmonious financial future!

Jake Thacker, a victim of the FTX collapse who lost over $200,000, shares his harrowing story of trust and deception in the cryptocurrency market. He discusses the emotional turmoil and struggles during FTX's unexpected bankruptcy. Thacker reflects on the dangers of misleading promises and highlights the critical need for accountability in financial practices. Listeners will gain insights into the complexities of crypto investments and the importance of advocacy for victims navigating a chaotic landscape.

The portfolios of members of Congress outperform the S&P 500 by 17%. That's not smart investing— that's insider trading. Today, Nicole shares some jaw-dropping examples of insider trading in Washington, and how we can use politicians' investment disclosures to predict the future.

How do you work towards multiple financial goals at once? The answer isn’t some money move that your future self will need to make… the answer lies within the money moves you are making now. Right now. And we’ll show you how to make those money moves, with help from Bank of America, who Nicole partnered with for this episode. Whatever goals you’re working towards, long-term or short-term, Bank of America Corporation has  tools to help you get there at http://bofa.com/FinancialNextSteps.

Fred P. Hochberg, former President of the Export-Import Bank, joins to discuss the recent positive shift in U.S. tariffs on Chinese goods. He outlines how these changes could impact consumer prices, especially for holiday shopping. Fred explains the complex relationship between tariff policies, small businesses, and everyday Americans. He emphasizes the need for a fair trade approach and how economic uncertainty affects consumer behavior and the manufacturing landscape. This conversation sheds light on critical economic dynamics at play today.

A fierce showdown unfolds as Trump pressures the Fed to lower interest rates, sparking a heated debate. Examining grocery prices and credit card reliance, the discussion highlights how rising costs affect consumers. The podcast warns against the addiction to low rates, comparing it to dependency, and reveals the potential dangers of such a financial strategy. Listeners receive actionable budgeting tips to navigate upcoming changes and avoid falling into debt traps.

Delve into the reasons behind the declining value of the dollar and what it means for your wallet. Explore how government tariffs impact investor confidence and contribute to inflation. Discover the potential for economic volatility and its implications for a recession. Plus, get practical tips on managing currency risks when shopping internationally.