Queer Money

Queer Money

The Debt Free Guys

Queer Money is the only show dedicated to how our money and our lives intersect. Gay, Lesbian, Bisexual, Transgender or Queer, we all have money needs. The Debt Free Guys will help you sort it out so you can #LiveDebtFree #HaveFun & #BeMoneyConscious!

13 minutes 10 seconds

10 States That Could Ruin Your Retirement| Queer Money Ep. 561
Taxes! Love them or hate them, either way, they'll have a big impact on your retirement.
Which state you live in during retirement could seriously affect your Social Security income. These are the 10 states that could ruin your retirement.
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21 November 2024, 7:00 am
7 minutes 24 seconds

Why Pay Yourself First Is Horrible Advice | Queer Money Ep. 560
You've heard the adage, "Pay yourself first." So, why is that bad advice?
In Queer Money episode 560, hosts John and David debunk the traditional 'pay yourself first' advice and provide a comprehensive approach to managing finances tailored for the LGBTQ+ community. They explain the importance of prioritizing savings and retirement accounts before spending on discretionary items. The episode introduces a new strategy of allocating funds to your future self, past self, and present self in that order. This approach aims to enhance financial well-being and ensure long-term financial security while still enjoying present-day pleasures.
Topics Covered:
- 00:00 Introduction: Busting the Myth of 'Pay Yourself First'
- 00:12 What Does 'Pay Yourself First' Really Mean?
- 01:33 The Reality of Paying Yourself First
- 03:07 A New Approach: Paying Yourself in Three Ways
- 04:39 Why This New Approach Works
- 06:43 Conclusion and Upcoming Episodes
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19 November 2024, 7:00 am
12 minutes 59 seconds

How Social Security Could Make Retirement Suck (or Rock)| Queer Money Ep. 559
Will your retirement rock or suck?
Depending on if you qualify for social security you may already know the answer to most of that question.
On this week's Queer Money Fabulous Gay Retirement bonus episode, we break down how social security will affect your retirement and show how to check to see if you're set to receive it as well as how much you may be getting.
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14 November 2024, 7:00 am
30 minutes 12 seconds

2025 401(k) Updates You Should Know | Queer Money Ep. 558
Changes to 401(k)s are coming in 2025!
In this episode of the Queer Money Podcast, hosts David and John talk with LGBTQ+ financial advisor Jake Skelhorn about significant 401k changes coming in 2025. They highlight five key changes, including updated catch-up contribution limits for those aged 50 and above, mandated Roth catch-up contributions for high income earners in 2026, and automatic 401k enrollments. Jake also explains the Secure Act 2.0’s rules on inherited IRAs and the implications for the LGBTQ+ community. They delve into strategies for investing in retirement accounts and the potential benefits for younger and late-start savers in making the most out of these new rules.
Topics Covered:
- 00:00 Introduction to 401k Changes in 2025
- 00:15 Meet Jake Skelhorn: LGBTQ+ Financial Advisor
- 03:39 Catch-Up Contributions Explained
- 05:26 Investment Strategies for Near-Retirees
- 07:55 Changes for High-Income Earners
- 17:57 Automatic Enrollment in 401ks
- 22:07 Inherited IRA Changes
- 26:57 Conclusion and Final Thoughts
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12 November 2024, 7:00 am
15 minutes 27 seconds

This 1 Thing Will Guarantee You Get Social Security | Queer Money Ep. 557
Will you get Social Security benefits when you retire?
For many of us, Social Security benefits will make up a sizeable portion of our income in retirement. Are you sure you'll get it?
On this Queer Money, we break down the steps you need to take to not only find out if you qualify but to see what the Social Security Administration estimates you will get.
This episode is visually intensive. If you would prefer to watch the steps we are outlining, you can do so here.
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7 November 2024, 7:00 am
23 minutes 40 seconds

How Gay GenXers Can Fund Generational Wealth | Queer Money Ep. 556
Would you like to have benefited from recieveing generational wealth from within the LGBTQ+ community?
In this episode of the Queer Money podcast, hosts and married Financial Power Couple David and John dive into a crucial conversation about generational wealth within the LGBTQ+ community, noting that for many LGBTQ+ people, traditional family paths to wealth, mentorship, and inheritance simply aren’t there, and that it’s time to break the cycle. David and John outline five impactful ways in which you can foster wealth for future queer generations, even if you’re not a millionaire yourself. They go over everything from establishing scholarships and grants for LGBTQ+ students, creating family or community trusts, offering low-interest loans or microfinancing for LGBTQ+ entrepreneurs, and investing in LGBTQ+ startups or small businesses.
Topics covered:
- 00:00 Introduction: The Challenge of Generational Wealth in the LGBTQ+ Community
- 01:12 The Impact of HIV/AIDS on Wealth Transfer
- 03:11 The Importance of Creating a Wealth Transfer System
- 05:59 1. Building Wealth Through Scholarships and Grants
- 09:15 2. Establishing Family or Community Trusts
- 12:45 3. Offering Low-interest Loans and Microfinancing
- 14:25 4. Investing in LGBTQ+ Startups and Small Businesses
- 17:39 5. Supporting LGBTQ+ Real Estate Co-ops
- 20:19 Understanding Different Financial Support Options
- 21:59 Recap and Final Thoughts
- 22:46 Outro and Upcoming Episodes
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5 November 2024, 7:00 am
9 minutes 15 seconds

10 Best States for Gay Folks | Queer Money Ep. 555
Where can I live that is accepting of me as an LGBTQ+ person?
The political climate in the United States is difficult right now for many folks, but especially for LGBTQ+ folks who feel like we're being attacked right and left by media, politicians and in some cases even family.
So where can we live that is better for us, whether that's a place to go to college, a city that has protections or states that historically have been on our side?
This week on Queer Money, we break down the top 10 states based on several factors.
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31 October 2024, 7:00 am
27 minutes 27 seconds

Powerful Queer Money Stories | Queer Money Ep. 554
We all love stories, but how about stories of career and money mistakes, comebacks and successes?
In this Queer Money Podcast episode, hosts David and John discuss their favorite financial stories from their new show 'Living Not So Fabulously' by Yahoo Finance, offering insights into the financial challenges and successes of various individuals. Highlights include Ruth Jacks' journey from poverty to EVP at Wells Fargo, lessons from Jane Sasseen’s Black Monday investing missteps, Patrick L Riley’s recovery after a devastating fire, a financially strategic coming out story from Eric Berger and Dan Amboyer, as well as a career transition that helped Todd Sears beat financial stagnancy.
This episode emphasizes resilience, the importance of financial planning, and aims to inspire listeners by showcasing that everyone has a unique money story. Tune in weekly on Yahoo platforms for more on financial wellness, LGBTQ+ retirement, and generational wealth.
Topics covered:
- 01:15 Listener Survey and New Show Concept
- 01:34 Challenges in Sharing Personal Money Stories
- 02:05 Yahoo Finance Collaboration and Celebrity Stories
- 02:46 Promoting Financial Literacy Through Celebrity Stories
- 05:09 Introducing Ruth Jacks: From Poverty to Corporate Leader
- 08:42 Jane Sasseen’s Investment Lessons from Black Monday
- 12:40 Patrick L. Riley’s Gut-Wrenching Story
- 16:14 Eric Berger and Dan Amboyer's Financial Journey
- 19:33 Michael Seldtich’s Career Pivot
- 22:06 Todd Sears' Resilience and Success
- 24:45 Conclusion and Upcoming Episodes
Tune in to Living Not So Fabulously by Yahoo Finance
Youtube | Apple Podcasts | Spotify
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29 October 2024, 7:00 am
10 minutes 56 seconds

7 Fabulous Gay Retirement Living Arrangements | Queer Money Ep 553
What will your living arrangement look like in retirement? What are the options?
On this Queer Money, we dive into the 7 most fabulous gay retirement living arrangements you need to know about. From retiring in place to communal living to LGBTQ+ focused retirement communities, we share the 7 most common ways of finding your special place to call home while in retirement.
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24 October 2024, 7:00 am
39 minutes 50 seconds

Why Business Is Harder for LGBTQ Entrepreneurs | Queer Money Ep. 552
Is being an entrepreneur more difficult for LGBTQ+ folks?
Even though the Right won’t admit it, business is more challenging for LGBTQ entrepreneurs, and this shocking story on Twitter/X will anger you.
In this episode of Queer Money, hosts David and John discuss the myriad challenges faced by LGBTQ+ businesses on social media with guest Matt Skallerud, founder, and CEO of Pink Media. The dialogue encompasses the abrupt suspension of key LGBTQ+ accounts on X (formerly Twitter) and broader financial struggles linked to restrictive social media policies. The episode highlights the systemic biases in social media algorithms, changes under Elon Musk's Twitter leadership, and the necessity for adaptive marketing strategies. The hosts also share personal anecdotes of unjust ad rejections and endpoint the evolving landscape of digital advertising for LGBTQ+ entities. With an optimistic look towards future elections, they emphasize the continued fight for visibility and fair treatment online. Resources and insights for better engagement on platforms like LinkedIn and Twitter are shared, along with the importance of sustaining an email list. Matt Scalar provides closing advice on connecting with Pink Media.
Topics covered:
- 00:00 Introduction: The Challenges for Queer Businesses
- 00:11 Guest Introduction: Matt Scalar and Pink Media
- 01:30 The Power of Social Media for LGBTQ Businesses
- 04:09 The Impact of Twitter's Changes Under Elon Musk
- 07:36 The Sudden Suspension: A Coordinated Attack
- 12:31 Financial Impact and Business Adaptation
- 15:37 Similar Struggles: Our Battle with Facebook
- 19:56 Challenges for LGBTQ+ Businesses in Social Media
- 20:17 Navigating Social Media Monopolies
- 21:30 The Politicization of LGBTQ+ Ads
- 22:45 Corporate Equality and Its Flaws
- 23:32 The Political Nature of LGBTQ+ Existence
- 24:11 The Role of Businesses in Politics
- 25:31 Advocating for LGBTQ+ Businesses on Social Media
- 27:10 Strategies for Overcoming Social Media Challenges
- 31:04 The Importance of Engagement on LinkedIn
- 35:19 The Future of Social Media for LGBTQ+ Businesses
- 39:17 Final Thoughts and Optimism for the Future
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22 October 2024, 7:00 am
9 minutes 21 seconds

How to Fund Your Fabulous Gay Retirement | Queer Money Ep. 551
How will you fund your fabulous retirement?
Pensions are rare, Social Security isn’t enough, and retirement accounts are small. Let’s talk about how to fund your fabulous gay retirement.
In this Queer Money, we share a new tool that we are working on, which we will eventually share with folks in our Fabulous Gay Retirement Club. More to come on that soon. We use this tool as a way to determine who/what income streams we will use to fund our retirement. We think everyone will need more than one, especially if the primary is Social Security.
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17 October 2024, 7:00 am
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