Money Rehab with Nicole Lapin

On this week's recap of the financial headlines and what they mean for your wallet: how this bear market will affect your investments, what New Zealand's housing crisis tells us about the United States real estate market and why some people are blaming Queen B for inflation in Sweden.... we're not so Crazy in Love with this Beyoncéflation phenomenon.

With rising interest rates and work-from-home policies, commercial real estate is on life support. To dig into the resulting consequences, Nicole calls up commercial real estate mogul Jeff Zell. Nicole and Jeff talk about how commercial real estate got to this precarious place, what will happen next, and the surprising domino effect this will have on regional banks.

On Juneteenth we celebrate the end of slavery, acknowledge how much progress still needs to be made, and commit to make that progress. We can’t say that we live in an equal world while White Americans hold 84 percent of total U.S. wealth but make up only 60 percent of the population—while Black Americans hold 4 percent of the wealth and make up 13 percent of the population. Closing the racial wealth gap will take more than promotions and raises (although those are important too), it will take investments in multigenerational wealth. To give the roadmap to that wealth, Nicole passes the mic to investing expert and MNN host Dominique Broadway.

Originally aired 6.21.22With scams on the rise, it’s more important than ever to protect yourself— and to know how to recover financially if you do fall victim to a scam. In Money Rehab episodes 329 and 330, Nicole talks to Rebecca, who lost over $100,000 in a romance scam. Rebecca shares the mechanics of her scam, and the financial and emotional toll. If you are involved in a romance scam, you can find help here: https://www.facebook.com/SHUisteamwork/ If you or someone you know is experiencing thoughts of suicide, you can find resources here: https://suicidepreventionlifeline.org/ 

Originally aired 6/20/22The incidence of catfishing, also known as romance scamming, has dramatically increased over the course of the pandemic. The FBI stated that there were over one billion dollars lost in romance scams last year, and reports of romance fraud reported to the Federal Trade Commission rose a whopping 80%.With scams on the rise, it’s more important than ever to protect yourself— and to know how to recover financially if you do fall victim to a scam. In Money Rehab episodes 329 and 330, Nicole talks to Rebecca, who lost over $100,000 in a romance scam. Rebecca shares the mechanics of her scam, and the financial and emotional toll. If you are involved in a romance scam, you can find help here: https://www.facebook.com/SHUisteamwork/ If you or someone you know is experiencing thoughts of suicide, you can find resources here: https://suicidepreventionlifeline.org/ 

This is an inflection point for investors. Treasury yields were looking amazing, and now some famed investors are casting shade. Stocks, on the other hands, were not doing so hot but now pros are saying we’re in a bull market. And many investing experts had told us they were expecting a recession, and now they… aren’t. To pick apart these opposing takes, Nicole calls up Gary Kaminsky, former Vice Chairman of Morgan Stanley Global Wealth Management, and investing expert. So, let’s untangle the economy, shall we?

Today, Nicole unpacks the headlines this week that will affect your wallet. Up today: the hacking of Mt. Gox.

It is not easy to build up retirement savings. And if you're feeling that stress, you’re not alone. Last year, a survey found that 55% of Americans say they feel behind on saving for retirement. That's how today's listener Andy feels. Nicole gives three tips for kickstarting your financial future.Money Rehab Episodes Referenced in This Episode:Target Date Funds: https://link.chtbl.com/A-R_jRxt Back Door Roth IRA: https://link.chtbl.com/OmdfFe0G Robo-Advisors: https://link.chtbl.com/ZFGnL-aO Find out whether you’re eligible for a Roth IRA here: https://www.irs.gov/retirement-plans/amount-of-roth-ira-contributions-that-you-can-make-for-2023

Originally aired 2.7.22Today Nicole shares how to make some serious dough from the beautiful force of dividends. Tune in to get your $!

Originally aired 9.10.21Today’s Money Rehabber Kevin wants to provide for his family. But he’s struggled to make a budget because his income relies mostly on inconsistent tips from delivering pizza and sporadic commission from real estate gigs. In Kevin’s Listener Intervention, Nicole creates a budget that will stick.