Mrs. Dow Jones on Building Wealth: Exciting Life, Boring Investments

Summary

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Podcast Summary: Brew Markets – Mrs. Dow Jones on Building Wealth: Exciting Life, Boring Investments

Date: May 22, 2026
Host: Ann Berry
Guest: Haley Sachs (aka Mrs. Dow Jones)

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Main Theme Overview

In this lively and insightful episode recorded at a live Brew Markets event, host Ann Berry interviews Haley Sachs (Mrs. Dow Jones), a prominent financial influencer and author. The discussion covers Haley’s unconventional journey into finance, her “exciting life, boring investments” investment philosophy, and practical money advice for modern audiences—including her hot takes on trending financial topics and the inspiration behind her new book, Future Rich Person: The New Rules for Building Wealth.

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Key Discussion Points & Insights

1. Mrs. Dow Jones’ Origin Story: From Comedy to Finance

• Background: Haley grew up surrounded by finance professionals but had little interest (03:33–04:21).
  • “I grew up on the Upper East Side... my dad worked at Goldman Sachs for over 40 years... obsessed with celebrities... but never had any sort of financial prowess.” – Haley Sachs [03:33]
  • She initially expected to be “taken care of” financially and didn't engage with money matters herself.
• Turning Point: Entry into full-time work (comedy writing at 30 Rock) forced her to confront financial basics (401k, health insurance), which she found overwhelming and underserved by existing content. [05:41–07:10]
  • “I tried to find information about these things [online] and I was so bored and also concerned... How can we make it aspirational to grow wealth?” – Haley Sachs [06:48]
• Philosophy: Aim to make financial learning glamorous, fun, and relatable, not patronizing or tedious.

2. Making Financial Content Approachable

• Research Process: Haley reads widely, consults with top experts, but ensures her advice is accessible—"it shouldn’t be so complicated... I hold myself to the standard of being a fiduciary." [07:51–08:46]
• Brand Trust: Meticulous diligence and relatable style have made her a trusted source for young, especially female, audiences.

3. The “Exciting Life, Boring Investments” Mantra

• Investment Approach:
  • Heavy focus on low-cost index funds, diversified internationally.
  • Limited exposure to crypto (“moves on vibes”), not a serious retirement plan. [08:56–09:47]
  • Avoids stock-picking, after personal mistakes.
  • “I want an exciting life, exciting wardrobe, exciting relationships, exciting travels, but I want my investments to be boring.” – Haley Sachs [09:58]
• Market Timing & Trends:
  • Recommends dollar-cost averaging (“never let fear be your financial advisor”), not timing the market.
  • Views on “buying the dip”: only if you have spare cash and as part of a broader plan, not as hype-driven speculation. [10:44–11:40]

4. Hot Takes on Modern Finance

• Prediction Markets:
  • Finds them data-rich and accurate, but also potentially predatory—especially on women.
  • “I think they should be illegal but... oftentimes very correct... The house always wins.” – Haley Sachs [11:48]
• Frictionless Finance:
  • Concerns that easy-access gambling and financial tools (“Apple be paying”) increase risky behavior. [11:48–12:56]
• Personal Anecdote: Past gambling addiction led her to strict personal rules about betting. [12:57–13:16]

5. Entrepreneurship vs. Salaried Work

• Self-Employment: Entrepreneurship offers higher potential rewards and tax advantages (e.g., SEP IRA contributions), but is riskier, less balanced. [14:44–15:13]
  • “You have to have a very specific personality to want to be an entrepreneur. It’s really hard.” – Haley Sachs [15:13]
• Wealth Creation:
  • Recommends prioritizing ownership (equity, profit-sharing)—but also acknowledges that not everyone can or should forgo salary for potential upside. [16:40–18:48]
  • “Ownership is really how you grow wealth... but you gotta be real with yourself, for a lot of people you just need that freaking paycheck.” – Haley Sachs [18:02]

6. Angel Investing & Real Estate

• Angel Investing:
  • Personally avoids it, would only do so with “fun money” or to support female founders.
  • “Most people who are angel investing going to lose that money... or they can’t [afford to], and that’s also troublesome.” – Haley Sachs [19:14]
• Real Estate:
  • Buying isn’t always better than renting; millennials should assess liquidity, maintenance, and opportunity costs.
  • “In most markets in America, you will make more money by renting and investing your down payment instead in the market... Not everyone should be a homeowner.” – Haley Sachs [20:30]

7. Themes in Audience Questions

• Common Topics:
  • High earners with poor savings habits, relationship finance dilemmas, and personal stories of debt or financial secrets.
    • “Oh, I make $600,000 and I have $300 in savings... I also get a lot of questions about finances and relationships.” – Haley Sachs [22:23]
  • Women’s empowerment through financial independence is a recurring theme.

8. Memorable Rapid Fire

• Prenups:
  • An emphatic “yes” in favor of prenups. [23:53]
• Book Pitch:
  • The new rules of wealth-building for modern times, relevance for non-type-A personalities, and a personal, funny style.
  • “You do not have to be like type A to be good with your finances. I am not.” – Haley Sachs [24:46]

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Notable Quotes & Memorable Moments

• “The best brands and founders are people who are solving their deepest wounds... The best work comes from the place you are most scared of. That for me was always money.” – Haley Sachs [05:06]
• “How can you be glamorous and fun but also be rich and growing wealth and investing and know about the economy and the markets and in control?” – Haley Sachs [07:10]
• “Never let fear be your financial advisor.” – Haley Sachs [11:16]
• “Ownership is really how you grow wealth.” – Haley Sachs [17:55]
• “Not everyone should be a homeowner... the data shows you’re better off not to be.” – Haley Sachs [20:30]
• “I’m the girl at the bar who is using her passport cause I don’t know where my license is. But, you know, I run a multimillion dollar business. I am a millionaire... you don’t need to be anyone except for you in order to take control of your finances.” – Haley Sachs [24:46]

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Timestamps for Key Segments

• 03:33 – Haley’s family background & money mindset
• 05:41 – The 30 Rock epiphany: learning financial basics as an adult
• 07:51 – Research process & standards for financial advice
• 08:56 – Haley’s investment mix & personal finance style
• 10:44 – Market dips & investment discipline
• 11:48 – Prediction markets and frictionless finance concerns
• 14:44 – Self-employment vs. salaried work, entrepreneurship realities
• 16:40 – Gender and wealth: salary vs. upside, the reality of equity
• 18:02 – Sexy stories versus paycheck reality
• 19:14 – Thoughts on angel investing
• 20:30 – Renting vs. owning real estate: challenging old adages
• 22:23 – Audience questions: high incomes, low savings, relationships
• 23:53 – Prenups: rapid fire agreement
• 24:46 – Book pitch: Future Rich Person

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Conclusion

This episode stands out for its blend of candid, often funny personal narrative with actionable financial wisdom. Haley Sachs makes the case for making finance accessible, trustworthy, and aspiration-friendly—even as she urges listeners to stick to boring investments for best results. Topics span investing, personal finance behaviors, entrepreneurship, and the intersection of money with empowerment and culture—packed with memorable comments and real-world guidance for a modern audience.

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Transcript

[Mark Riepe]

This episode is brought to you by Charles Schwab. Timing the Market, Fighting inflation, Managing risk Financial decisions can be tricky. Investing isn't just math, it's psychology. Your neurons are playing favorites and the market doesn't care. Financial Decoder, an original podcast from Charles Schwab can help join host Mark Riepe as he breaks down practical strategies to help overcome the mental traps that may affect your investing decisions. [e-mail] financial decoder

[Ann Berry]

for Friday, May 22, it's Brew Markets Daily and I'm Ann Berry. Well, from the finances behind the Met Gala to why rich people may still rent instead of buy, Haley Sachs, aka Mrs. Dow Jones, makes money feel like something you really want to talk about. A social media powerhouse with over a million followers, Hayley has turned financial advice into must watch content. And so today I'm absolutely thrilled to bring you our recent conversation Conversation from a live Brew Markets event. It was a ton of fun, but also jam packed with insights, anecdotes, plus of course, a healthy dose of banter. We dig into Haley's background in late night comedy, including a stint at 30 Rock, why she initially boxed herself out of finance, and the mantra that she now swears by exciting life, boring investments. We get her hot takes on prediction markets, frictionless finance, and challenges to the age old real estate adages. Plus a look at her new book titled Future Rich Person the New Rules for Building Wealth. Even if you're stuck, broke and that billionaire won't text you back. But first, this episode is brought to you by Charles Schwab. Timing the market, Fighting inflation, balancing risk. No one says financial decisions are easy. In fact, they can be tricky. And often the forest in your head can lead you sideways. Financial Decoder and original podcast from Charles Schwab can help.

[Mark Riepe]

Join host Mark Riepe, head of the Schwab center for Financial Research, as he offers modern strategies to help combat the Wait. What in your head, like overconfidence, loss aversion and recency bias that may be clouding your investing decisions. [e-mail] financialdecoder or wherever you get your podcasts.

[Ann Berry]

And now my conversation with Mrs. Dow Jones or Haley Sachs from the Brew Markets event. All eyes on her.

[Interviewer from Brew Markets]

So I have a confession to make. Okay, start with a private confession. When we were just, we were sort of the events team is putting this together. I said if there's one person you can nail as a speaker, she wasn't available. But I'm glad you're here. Glad you're here.

[Haley Sachs (Mrs. Dow Jones)]

That's cool. I'm going to go. Yeah.

[Interviewer from Brew Markets]

I love your social. I follow you on Instagram. Everyone check. Check out Mrs. Dow Jones. It's absolutely hilarious. But the reason I love it, it's not only funny. You break down tough stuff, right? You get in the detail. Tax planning, how celebrities are buying their homes, freeze your credit. Right in this moment in time. I've been paying attention. Yes, Paying attention. So how did you get here? How did you become literally the most popular financial influencer out there?

[Haley Sachs (Mrs. Dow Jones)]

Thank you so much. And actually, I have such a funny story with Morning Brew, because when I started Mrs. Dow Jones, I would go to this coffee shop in the East Village, and the Austin was starting Morning Brew, and we would, like, sit next to each other.

[Interviewer from Brew Markets]

That's great.

[Haley Sachs (Mrs. Dow Jones)]

So it feels so full circle to be. He's not here.

[Interviewer from Brew Markets]

Obviously sold it, but he made money. Yeah.

[Haley Sachs (Mrs. Dow Jones)]

Yeah.

[Interviewer from Brew Markets]

Which is why we're here. Yeah.

[Haley Sachs (Mrs. Dow Jones)]

I should sell probably, too. But why did I start Mrs. Dow Jones? Well, I grew up on the Upper east side with my dad, has worked at Goldman Sachs for over 40 years. My mom worked on Wall street, my sister worked on Wall Street. But I always grew up surrounded by wealth, obsessed with celebrities. As you can tell, it is the feminine urge to know everything about pop culture. It is me, but never had any sor. Financial prowess. And if I'm being real, I sort of thought that I would marry someone who would take care of it or that my dad would do it. And I just thought that, like, okay, one day I'll get my Nancy Meyer's kitchen, and it will be like, this gorgeous, beautiful life. And I don't know exactly how it's gonna happen, but I'll get there and just box myself out.

[Interviewer from Brew Markets]

You boxed yourself out?

[Haley Sachs (Mrs. Dow Jones)]

Yeah, I boxed myself out.

[Interviewer from Brew Markets]

Did they try? Did they try? No.

[Haley Sachs (Mrs. Dow Jones)]

And then my dad didn't bring it home with him at all, which was crazy, and I blame him. So I actually have a lot of. Yeah, I actually have, like, a lot of, you know, issues with him. No, I'm kidding. I love him.

[Interviewer from Brew Markets]

But you just described many women in your family being Wall street ladies, too.

[Haley Sachs (Mrs. Dow Jones)]

Yeah.

[Interviewer from Brew Markets]

So how was it? Literally not at the kitchen table.

[Haley Sachs (Mrs. Dow Jones)]

No, not at kitchen table. Like, there was just. No, it was never talked about, and it's not taught in schools. And I think I was actually, like, the bad friend. Like, I talk about this in my book where I'm like, you might have a Hayley in your friend group. Because, like, I remember I had a friend, Alana, who was really on top of her finances. And it sort of triggered me. I was like, ew. Like, let's go to Tulum. Like that's, you know, why would you do that? Like, you're trying to push her to the other side. So it was deeply triggering. And I do think that the best brands and founders are people who are solving their deepest wounds. Like, you know what I mean? Like, it is the best work comes from the place that like, you are most scared of. And that for me was always money. But then I realized I'd been catfished. Because when I started to learn about it, I was like, not only am I so interested in this, but also it's not that hard.

[Interviewer from Brew Markets]

Why? And what was the moment that got you to say, actually, I'm gonna, I'm doing this.

[Haley Sachs (Mrs. Dow Jones)]

Yeah. So I was, I was in comedy. So my first job, I worked for David Letterman and then I got this like big fat job with Lorne Michaels. We're in Almost, we're in 30 Rock. So we can talk about it. Who started SNL? And that was every job before that had been W9, like, just like, okay, you know, I was a babysitter for a kid named Winthrop. On the brief side, I worked at a pilates studio. I was doing improv. I was, you know, my parents worst nightmare and you know, trying to start something in entertainment. And then I got a full time job with Lorne Michaels as a writer, a creative. And I was so excited, so scared and wanted to do, do amazing at the job. And so the first day, you know, I come in early, first one in is the hottest, whatever, and immediately they're asking me questions, 401ks, health insurance, all this stuff that I had never learned. And I didn't want to lose the job in that moment. And so I did what any self respecting millennial would do when she got home. And I looked on YouTube and I tried to find information about these things and I was so bored and also concerned because it was either like men who had not been through puberty, it didn't look like trying to explain these things to me, or it was female focused content that just made me literally want to like, I don't think it would make me like hate my life, like reuse a paper towel. Like they're always telling women, like, we have to save so much and you know, coupons and all.

[Interviewer from Brew Markets]

Patronizing.

[Haley Sachs (Mrs. Dow Jones)]

Yeah. And I'm like, how can we make it aspirational to grow wealth and to be good with your money? Because I want to be glamorous, I want to be fun and like it doesn't. It feels like that is grouped with being sort of frivolous and. No, how can you be glamorous and fun but also be rich and, like, growing wealth and investing and, like, know about the economy and the markets and, like, in control?

[Interviewer from Brew Markets]

So you are now providing that role model for lots of women out there, which is very exciting. And there's a responsibility that comes with that.

[Ann Berry]

Yes.

[Interviewer from Brew Markets]

So when you're doing your research, when you are putting your content together, do you go to experts? Do you. How do you do that research? What's your process?

[Haley Sachs (Mrs. Dow Jones)]

I mean, I. A huge part of my job is reading. And so I read and I take in a ton of information, which I'm sure is the same for you because you're an expert as well. And so that's a big part of it. But, yes, I have, you know, many people that I get on the horn, and they are experts. They work in the banks and call them and, you know, run things by them, of course. But, like, the truth is, the information that I put out there, it shouldn't be something that's so complicated that you would need, you know, someone of such a high level to break it down. But I do so much diligence, which, I mean, I'm not a licensed fiduciary, but I've always looked at myself and I hold myself to the standard of being a fiduciary. And I think that's why Mrs. Dow Jones has done so well. Well, is because it's so trusted. So it's, you know, having those experts is helpful, but also, you have to do your own work.

[Interviewer from Brew Markets]

So everyone's going to do their own work. This isn't investment advice, but if I were to pop open your bank accounts and your brokerage accounts right now, what would I see? What are you invested in?

[Haley Sachs (Mrs. Dow Jones)]

So I have a lot of index funds, which, by the way, is like, you know, I talk to really, like, billion, like, and people with huge net worth. And it's so crazy because it, like, really is. We're all doing the same thing, like, nothing better than an index fund. So. And right now I have diversified a little bit outside of the US into more emerging markets, which is great, but we still hold down that S&P 500 girl. Like, I believe in America, I've got a little bit of crypto, even though I don't really believe in crypto as an asset. It was more something that early in my career, I got mixed up in the crypto crowd. And so. And I've made a lot of Money since then on it. But like not in a way that I am push, you know it's not your investment strategy.

[Interviewer from Brew Markets]

No, not at all.

[Haley Sachs (Mrs. Dow Jones)]

Because it's a completely spec. It moves on vibes.

[Interviewer from Brew Markets]

Better to be lucky than right.

[Haley Sachs (Mrs. Dow Jones)]

Sometimes it's like it's not a way to really plan for retirement. And then I also have a lot of bad investments that I've made into material items.

[Interviewer from Brew Markets]

Talk about that.

[Haley Sachs (Mrs. Dow Jones)]

Oh, I talk about this all the time. That it's like I totally fell for the guise of, you know, buying the Birkin that it's going to beat the s and P500. Like that whole thing, it doesn't, you know. So really the thing that has held me down the most is just stocks, low cost index funds and not individually picking stocks because I have messed that up too. So yeah, I keep it really boring. I say I want an exciting life, exciting wardrobe, exciting relationships, exciting travels but I want my investments to be boring.

[Interviewer from Brew Markets]

I love that. Not. Nothing is more exciting than boring. Yes. And, but this is a particularly exciting time and it's a difficult time. And let me ask you this question. Lots of people are looking at these market swings and saying should I buy the dip? What do you say to them?

[Haley Sachs (Mrs. Dow Jones)]

I mean I love to buy a dip. Like we're on sale. What's better than a sale? I bought, you know but it's not a. If you look at it actually it's not that big of a dip. Like people were like oh my God, it's such a big dip. It's like we're not actually there's a few great trading days every year. I'm not even sure that these are going to go down in 2026 as those great trading days. So the media loves to overhype things but first and foremost you should never let fear be your financial advisor. But of course if you have cash on the side that you're going to allocate into the market and the market is down, why not? It's just hard to time it. You know I like dollar cost averaging but if you have like I would need to invest my SEP ira, I always invest that in. I get all of my tax advantaged contributions invested in January. Just like got it over with and so I'd had that money sitting in that account and I put it in when it was down.

[Interviewer from Brew Markets]

I imagine you have a point of view on prediction markets.

[Haley Sachs (Mrs. Dow Jones)]

Oh yes.

[Interviewer from Brew Markets]

Give us your point of view. Unfiltered, unvarnished view on prediction markets.

[Haley Sachs (Mrs. Dow Jones)]

I think they should be illegal but I also think that they're oftentimes very correct. Like, there's two different sides of it. Like, I love them for the data part of it. Like, when you look at the prediction market, you can definitely see, like, what the sentiment is of the culture, which I think is so powerful and helpful. But I also think that especially for women, they are coming for us. You know, they have Kendall Jenner in that ad. I think they're like, there's a 10% increase in women using these prediction markets. And so I think that it's really important to also remember that the House always wins. And it is all part of this issue with frictionless finance, which is like, we're in the golden age of finance, where everything can be done from our phone, which is so democratizing and amazing. But it's also allowed us to use Apple pay like Apple be paying. Or, you know, use, like, start, you know, betting on the Oscars. Cause all I have to do is, like, scan my face and suddenly I can put, like, $30 on Michael B. Jordan winning, you know.

[Interviewer from Brew Markets]

Did you do that?

[Haley Sachs (Mrs. Dow Jones)]

No, of course not. But I am addicted to gambling, so I haven't done it since I was 19. No, truly. I went to a casino when I was 19, and I told myself, you can only take out money once. And I found myself at the atm, like, three times. And then I said, you're not allowed to gamble unless it's someone else's money.

[Ann Berry]

Yeah.

[Haley Sachs (Mrs. Dow Jones)]

And if you go to the casino, a lot of people will stake you. So I have plates and some, but not with my money.

[Ann Berry]

Let's take a break, and when we come back, more of my conversation with Haley Sachs, aka Mrs. Dow Jones. This episode is brought to you by Charles Schwab. Timing the market, hedging against inflation, balancing risk. Investing is about more than math. It takes both side of your brain, and those confusing mental traps can sometimes lead you astray. Financial decoder and original podcast from Charles Schwab can help join host Mark Reepe, head of the Schwab center for Financial Research, as he breaks down practical strategies to help outsmart the mental traps like overconfidence, loss aversion, and recency bias that often cloud your investing decisions. [e-mail] financialdecoda or wherever you get your podcasts.

[Haley Sachs (Mrs. Dow Jones)]

So good, so good, so good.

[Ann Berry]

Everything you want for summer is at Nordstrom Rack stores now and up to 60% off. Stock up and save on the brands you love, like Vince Sam, Edelman Frame and Free people. Join the Nordy Club to unlock exclusive, exclusive discounts Shop new arrivals first and more. Plus buy online and pick up at your favorite rack store for free. Great brands, great prices. That's why you rack. Now back to my conversation with Haley Sachs from the recent Brew Markets event. All eyes on her.

[Interviewer from Brew Markets]

Talk a little bit, if you don't mind, about something else, which is you work for yourself.

[Haley Sachs (Mrs. Dow Jones)]

Yes.

[Interviewer from Brew Markets]

Right. You have your own business, you're creating wealth. Most people are in salaried employment.

[Haley Sachs (Mrs. Dow Jones)]

Yes.

[Interviewer from Brew Markets]

When did you make the switch from one to the other? And what do you say about saving and investing tactics for one set, which is people with their own businesses versus those who perhaps don't have exposure to upside.

[Haley Sachs (Mrs. Dow Jones)]

Oh, so you mean like people who are working for a company that they don't have equity in and so you're just going to get salary and then any increase in your wealth will just be. If you get a raise.

[Interviewer from Brew Markets]

Exactly.

[Haley Sachs (Mrs. Dow Jones)]

Right, Yeah. I mean, I think that for. I think you have to have a very specific personality to want to be an entrepreneur. It's really hard and there it's. You don't have balance in the same way. So I think it's all about what you prioritize in your life. Like I, I love making money and I've grown a lot of wealth through having my own business and so I'm really passionate about that. But I think that you can make money, of course, in a salaried position. And also your life is a lot more simple. Like your taxes are easier, you could have boundaries with your work. There's a lot of things that come with having a job in a company that you don't have a piece of. That I think sounds really nice. But in terms of growing wealth when you have your own business, when you work for yourself, you do also unlock a lot of great tax benefits. Like I mentioned my SEP IRA, I'm able to put, I think around $70,000 into that tax advantaged account per year, which like really dwarfs the amount that you could put into if you were a salaried employee and you had a 401k and IRA, you know, and so they, they take a lot of money from you when you have your own business. But there also are ways to game the system a little bit, which is cool. You also get a lot of good write offs.

[Ann Berry]

Yeah.

[Haley Sachs (Mrs. Dow Jones)]

To be careful. Yes.

[Interviewer from Brew Markets]

Yeah. You know, do women come to you asking for advice on how to get exposure? I'll give you an example. I have a rule. I've never worked anywhere where I didn't have exposure to or didn't participate in the Upside or equity or bonus or something. Because you see that to create wealth, it's not enough necessarily to just have a salary. Do people come and talk to you about that?

[Haley Sachs (Mrs. Dow Jones)]

Absolutely. And you know, we were. There's. I think that the best companies have employees who are participating in the upside because it creates a much more democratized environment where people feel like they have more skin in the game. I. I mean, we both interviewed Lord Lloyd Blinkfine.

[Interviewer from Brew Markets]

Yeah.

[Haley Sachs (Mrs. Dow Jones)]

And he talked about the pay structure at Goldman Sachs, which is like, you know, profit sharing. And I think, like, that's something that I do at my company too. Absolutely. Like, it's like we all eat what we kill. Of course there's like base salaries. But my, like, the people who are closest to me in my business, like, it's like we're all earning pieces of the pie together, which I think is really exciting. And I think for women, it's so important too, because, you know, ownership is really how you grow wealth.

[Interviewer from Brew Markets]

Ownership of not just equity. There, let's go. Ownership of other assets. Do you own real estate?

[Haley Sachs (Mrs. Dow Jones)]

Can I say one?

[Interviewer from Brew Markets]

Yeah.

[Haley Sachs (Mrs. Dow Jones)]

There's a lot of people, like, who I think romanticize equity a little bit too. Like, we see like Alex Earl getting this deal with Poppy and like Beyonce when she was doing. Performing for Uber, instead of taking a paycheck, she got equity in Uber. And now she's, you know, made hundreds of millions of dollars from that. And there's all these great stories, but you do have to look at your own personal finance, own personal finances, and like, okay, the microphone. Because for a lot of people, you do just need a consistent salary to get by. So you can't afford to like, earn less and have this potential upside that might not work out. So you gotta be real with yourself too. Cause it's like, sounds sexy, but for a lot of people, you just need that freaking paycheck. And if you invest it consistently, you're gonna be able to retire.

[Interviewer from Brew Markets]

On that note, it sounds sexy. But again, boring is exciting.

[Haley Sachs (Mrs. Dow Jones)]

Yes.

[Interviewer from Brew Markets]

Where do you stand on angel investing? Because I get this question. I want to know what you think. What do you tell people about angel investing?

[Haley Sachs (Mrs. Dow Jones)]

Oh, I don't angel invest.

[Interviewer from Brew Markets]

Yeah, it's as fast.

[Ann Berry]

Why not?

[Haley Sachs (Mrs. Dow Jones)]

Well, because I would rather invest in the market. Like, I think that I have some. I have. There's a few deals that I'm looking at that are interesting, but it would be a more.

[Interviewer from Brew Markets]

You can afford to lose the money you put in is my guess.

[Haley Sachs (Mrs. Dow Jones)]

I would be able to afford to lose the money that I put In. And it's also, for me, would have something that I have to do with my. That would have to do with the brand that, like, I couldn't. I don't necessarily have the bandwidth to build this company from scratch, but maybe I would angel invest in it or, you know, take some equity in exchange for helping to market it. Because this is something that I think would be really valuable for the audience. But I think angel investing, again, it's like, oh, we all want to be angel investors. We're so sexy. We have our portfolios, da, da, da, da. And it's like, yeah, most of the people who are angel investing going to lose that money and can afford to, and so. Or they can't. And that's also troublesome.

[Interviewer from Brew Markets]

Troublesome.

[Haley Sachs (Mrs. Dow Jones)]

Yeah. Do you mean you don't.

[Interviewer from Brew Markets]

I do.

[Haley Sachs (Mrs. Dow Jones)]

Okay.

[Interviewer from Brew Markets]

But only after everything else.

[Haley Sachs (Mrs. Dow Jones)]

Yes.

[Interviewer from Brew Markets]

Equities, bonds, real estate, Everything else. And it's a portion of my portfolio, but it's. It's money that I can afford to take a bet on. I would touch it otherwise.

[Haley Sachs (Mrs. Dow Jones)]

Yeah. And I would. I would only angel vest in female companies as well.

[Interviewer from Brew Markets]

Oh, interesting. Why is that?

[Haley Sachs (Mrs. Dow Jones)]

Well, just because women need funding. Like, it's like. And I want more women to have their own businesses and have that ownership.

[Interviewer from Brew Markets]

What about real estate? Talk about real estate. Because there is a crisis at the moment. Lots of millennials and younger aren't getting on the housing ladder.

[Haley Sachs (Mrs. Dow Jones)]

Yeah.

[Interviewer from Brew Markets]

Is that. Does it matter?

[Haley Sachs (Mrs. Dow Jones)]

Well, I think that it depends where you're like, we're in a room and we're being streamed to people who are very sophisticated in terms of their investing prowess. So I think that for, like, the average American, you know, the American dream was the white picket fence, and you're going to own your domicile, and that is going to then, you know, pay dividends for you in the future when you pay. When you pay it off or, you know, and you eventually sell it. But I think that for the. In most markets in America, you will make more money by renting and investing your down payment instead in the market because you won't have to pay for ongoing costs and maintenance. And also, the stock market moves in a different way than the real estate market, and it's also a lot more liquid and you'd see better returns. But that being said, if you're a sophisticated investor and you're someone who can manage real estate, having a portfolio of real estate is an amazing way to get tax advantages. And you can also make money if you are, you know, sophisticated and good at it. But I Think that it has been positioned to us as something that everyone should do, when in reality, not everyone should be a homeowner. And the data shows that you're better

[Interviewer from Brew Markets]

off not to be culturally very different in Europe, actually.

[Haley Sachs (Mrs. Dow Jones)]

Oh, yeah, Everyone runs in Europe as well.

[Interviewer from Brew Markets]

Let's talk some more about your content. Just to go full circle. When people reach out to you, do you see themes? Are there some topics that they particularly want to engage on that surprise you?

[Haley Sachs (Mrs. Dow Jones)]

I wouldn't say surprise me, but I think that there's. I think that there's a lot of high earners who are in debt. There's a lot of people who make a lot of money who have no idea how to manage it. And so I do a series called Financial Secrets and I got some juicy secrets, girl.

[Interviewer from Brew Markets]

I mean. Oh, no one's listening. Give us more.

[Haley Sachs (Mrs. Dow Jones)]

Jaw would drop. Well, just like, oh, I make $600,000 a year and I have $300 in savings. Like, I have nothing left over at the end of the month to put away. That's crazy. I also get a lot of questions about finances and relationships, which, you know, I think we're like, really one of the first generations of women who are so empowered and you know, for our grandmas, they had to get married and basically be owned by a man in order to have any sort of freedom. They couldn't get a credit card. But now women are so much more financially mobile that it gives us so much empowerment and we don't need that necessarily from someone. And so we're questioning that. But there's a lot of, like, should I have a secret bank account? Or, you know, I, uh. Oh, I stopped working cause I had kids. And now I'm like, in this situation where, you know, he is not my ideal partner and I need to leave him. But I don't know what my earning potential is because I've been out of the workforce, you know, and what are we going to do about splitting our finances? So there's a lot of interesting sort of like human psychology financial questions that I get as well. But I wouldn't say that any are so surprising because I feel like debt and money and relationships are very, like, rudimentary. And you couldn't say anything that shocked me either. I love it. I'm like, bring it on, give it to me.

[Interviewer from Brew Markets]

There's the challenge. So one rapid fire, one, then prenup, yes or no?

[Haley Sachs (Mrs. Dow Jones)]

Oh, yes, Absolutely.

[Interviewer from Brew Markets]

Absolutely. No question. So let's finish off with talking about your book.

[Haley Sachs (Mrs. Dow Jones)]

Do you have one?

[Interviewer from Brew Markets]

I do not. I am a Believer in prenups. Absolutely. I think it's important.

[Haley Sachs (Mrs. Dow Jones)]

Okay.

[Interviewer from Brew Markets]

Every romantic out there wants me to

[Haley Sachs (Mrs. Dow Jones)]

stop talking, but if you haven't read Strangers by Belle Burden. She is on my podcast Financial Teach tomorrow and she did. It's an incredible prenup story. So it's a really good book.

[Ann Berry]

Think about it.

[Interviewer from Brew Markets]

If it hasn't crossed your mind as a takeaway, final thought, you've got a new book which is very exciting. Future rich person. Future rich person.

[Haley Sachs (Mrs. Dow Jones)]

Please pre order.

[Interviewer from Brew Markets]

Check it out.

[Haley Sachs (Mrs. Dow Jones)]

The new rules are building wealth even if you're stuck broke. And that billionaire won't text you back.

[Interviewer from Brew Markets]

Why will the tech billionaire not text message? I know when your banter is so good.

[Haley Sachs (Mrs. Dow Jones)]

So good. I know I am good at texting.

[Interviewer from Brew Markets]

Yeah, I can imagine. Give us the three things. People should go buy your book. Because. Because. Because.

[Haley Sachs (Mrs. Dow Jones)]

Okay, you should buy my book because A, the economic landscape has shifted so much. Like even we were talking about rent, first buy, you know, uses of credit cards. Should we have equity in these companies, all these new things for the new world and like new wealth building opportunities. But the financial advice has not caught up to that. So this is the financial book that meets us where we are. This is the book for the times. Number two, because you do not have to be like type a person to be good with your finances. I am not. I'm the girl at the bar who is using her passport cause I don't know where my license is. But you know, I run a multimillion dollar business. I am a millionaire. Like it's like you don't need to be anyone except for you in order to take control of your finances. And so I put a lot of my own messiness and vulnerability into this book too to show you that. It's like if I can do it, you can do it. And then number three, because it would help support me and we like you.

[Interviewer from Brew Markets]

We like you. We like you.

[Haley Sachs (Mrs. Dow Jones)]

But also cause it's like it's a finance book that you're actually gonna wanna read. Like I feel like it's like it's a. That's what I wanted to always make was like one that like you could actually bring to the beach and would be like a binge read. So it's like all about my upbringing on the breeze side and you know, just like lots of torrid stories. But also the best financial advice that you can find for these times.

[Interviewer from Brew Markets]

Money and torrid stories. We love it. Haley Sachs, current rich Person AUTHOR of Future Rich Person Mrs. Dowell Jones, thank

[Haley Sachs (Mrs. Dow Jones)]

you for joining you're lovely.

[Interviewer from Brew Markets]

You're the best. Thank you.

[Haley Sachs (Mrs. Dow Jones)]

That was so great.

[Ann Berry]

Well, huge thanks to Haley Sachs for joining us. It was a ton of fun. Do check out her book, but that's it, folks. For today's episode, have a fantastic Memorial Day weekend.

[Mark Riepe]

Brew Marcus Daily is hosted by Anne Barry and produced by John Couteau, Taka Belletif, Avril Laroya and Emily Millard. Our technical director is Uchenawa Ogu. Brittany Dotako is our audio engineer. And the president of Morning Brew Inc. Is Devin Emery.

[Ann Berry]

Markets are closed on Monday for Memorial Day, so come back and join us on Tuesday, same time, same place.

[Haley Sachs (Mrs. Dow Jones)]

It.