Haley Sacks AKA "Mrs. Dow Jones" On How To Actually Build Wealth, Master Your Money, & Stop Making Financial Mistakes

Summary

The Skinny Confidential Him & Her Show

Episode: Haley Sacks AKA "Mrs. Dow Jones" On How To Actually Build Wealth, Master Your Money, & Stop Making Financial Mistakes

Date: January 15, 2026
Hosts: Lauryn Evarts Bosstick & Michael Bosstick
Guest: Haley Sacks (aka Mrs. Dow Jones)

Episode Overview

This lively episode features financial influencer and educator Haley Sacks (Mrs. Dow Jones), known for her pop-culture-infused approach to financial literacy. Hosts Lauryn and Michael Bosstick explore the practical, psychological, and emotional aspects of money management with Haley—breaking down actionable wealth-building strategies, overcoming financial mindsets, and placing special emphasis on women's relationships with money. Expect relatable humor and honest, step-by-step advice on estate planning, investing, negotiating, and fostering financial independence for the modern era.

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Key Discussion Points & Insights

1. Preparing for the Unexpected in Family Finances

Timestamps: 01:20-04:51

• Estate Planning: Couples need to ensure visibility into shared financial matters, so that (especially for women, who outlive men statistically) no one is left helpless in a crisis.
  • Action Step: Have a shared, up-to-date document (like a Google Doc) with accounts, passwords, and contacts.
  • “You need to know where the bodies are buried, Lauren. We need to know all of the accounts.” —Haley Sacks, 01:40
  • Personal Story: Haley helped a widow who had never been involved in finances set up her accounts and gain independence.

2. Haley’s Financial Awakening & Brand Creation

Timestamps: 04:51-06:36

• Haley's "aha" moment came when, working in comedy, she was confronted with “adult” financial decisions (401k, insurance) and couldn’t find approachable advice.
  • “I want it to feel aspirational, to grow wealth, to budget... Who's that person? And so she didn't exist, so I became her.” —Haley Sacks, 06:29

3. Foundational Habits: How to Start Building Wealth

Timestamps: 07:08-11:26

• Step-by-Step Priorities if You Have $100 (or any sum):
  1. Take advantage of employer 401k match (free return)
  2. Build an emergency fund (3–6 months of expenses in a high-yield savings account)
  3. Pay off high-interest debt (>7%)
  4. Only then, start investing (index funds, ETFs)
  • “We have to have the emergency fund just in case anything happens so we don’t touch the money that we’re investing.” —Haley Sacks, 10:43

4. Credit Cards, Building Credit, and Financial Literacy

Timestamps: 11:27-15:07

• Discussion about the upsides of having credit cards (consumer protection, credit score building), the fear people have, and how to use them responsibly.
• “Credit is awesome... Your credit score is basically like your financial GPA.” —Haley Sacks, 12:51

5. Money Mindset, Upbringing, and Financial Freedom

Timestamps: 15:17-20:45

• Money as Freedom: Depending on spouses/family for money is emotionally costly.
• Gender & Money: Women are taught scarcity; men are taught to earn and invest.
  • “Money... is power and freedom. I think the sexiest thing is when both people are rich... I don't want to be spending someone else's money.” —Haley Sacks, 18:03
• Financial Independence: Not relying on others brings autonomy and dignity.

6. The Difficulty and Power of the First $100k

Timestamps: 20:45-22:15

• Charlie Munger Wisdom: The first $100k is the hardest—requires habit change before compounding works for you.
  • Taylor Swift analogy: "It took her 33 years to get to her first billion, but she made her second billion in like the last two years." —Haley Sacks, 21:48

7. Inner Monologue, Money Mindset, and Childhood Conditioning

Timestamps: 22:15-25:26

• Our beliefs about money are often set by age 7; childhood experiences deeply shape our adult attitudes and anxieties.
• Michael shares how his own early experiences shaped his scarcity mindset.

8. The 'Broken American Dream' & Doing What You Can

Timestamps: 33:05-35:39

• Many millennials/Gen Z feel the system is rigged and give up—but modern tools (tech, AI, accessibility) also create new opportunities.
  • “You can either believe that and stay exactly where you are... or try to take action and move yourself forward.” —Haley Sacks, 34:56
  • Take accountability, even in a tough system.

9. Monthly Money Dates & Using Tech/AI for Financial Tracking

Timestamps: 36:13-38:24, 64:33-66:53

• Money Date: A monthly sit-down to review your finances, bank statements, and spending patterns.
  • “Sitting down with your finances and looking at your finances, taking inventory... is a keystone financial habit that has made me a millionaire.” —Haley Sacks, 36:17
• Use AI to quickly categorize spending, analyze budgets, and even generate negotiation scripts.

10. Negotiating Like the Wealthy

Timestamps: 38:29-43:46

• Wealthy people negotiate everything—bills, salaries, contracts. Preparation (data, receipts, “WINS folder,” understanding your market) is key.
  • “If they say no [to a raise], say, 'What do I have to do?' That’s now your KPI... and if you hit it and they still aren’t giving you a raise, it’s time to leave.” —Haley Sacks, 45:45

11. Smart Investing: Avoiding the Shiny Things

Timestamps: 45:45-49:19

• Spend 90% of your investments in boring, simple vehicles (index funds).
  • “You want to live fabulously... But I want average investments. Please give me average.” —Haley Sacks, 47:12
• Fun, risky investments (bags, crypto) are fine, but should remain 5–10% of your portfolio.

12. Evaluating “Sexy” Alternative Investments

Timestamps: 56:28-58:49

• Don’t get swept up in hype—do research, know the fundamentals, and only invest play money in startups, collectibles, etc.
  • Cautionary Tale: Haley lost money on a hot pandemic stock without due diligence.

13. Preventing Financial Conflict in Relationships

Timestamps: 67:07-70:17

• Money is the #1 cause of divorce. Couples should have regular, honest conversations and financial transparency—including about debts and spending habits.
• Prenups: Everyone should consider one, regardless of starting wealth, for clarity and protection.
  • “You wouldn’t go into a business deal without having a term of contract... Wouldn’t you rather write your own prenup?” —Haley Sacks, 70:25

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Notable Quotes & Memorable Moments

• “You need to know where the bodies are buried, Lauren. Right. We need to know all of the accounts.” —Haley Sacks (01:40)
• “If the stock market is owned 90% by the top 10%, just by using financial literacy you can close that gap.” —Haley Sacks (07:12)
• “When your money is not your own, it really impacts your quality of life.” —Haley Sacks (16:35)
• “There’s nothing more expensive than marrying for money.” —Haley Sacks (18:03)
• “The first $100k is the hardest money you’ll ever make. It requires so many habit shifts.” —Haley Sacks (21:00)
• “Your money beliefs are set by the time you are seven years old.” —Haley Sacks (22:47)
• “Every making progress on anything in life, in your career, in your physical fitness and your finances, anything is just all about mindset and believing yourself and having the will to do.” —Haley Sacks (35:04)
• “Sitting down with your finances and looking at your finances, taking inventory. This really was a keystone financial habit that has made me a millionaire.” —Haley Sacks (36:17)
• “Wealthy people are always negotiating the hardest.” —Michael Bostick (38:49)
• “If someone wants to do a money date tomorrow... Know that it’s okay to not want to do your money date. Like, I do money date every month and sometimes it’s like going to the gym.” —Haley Sacks (64:33)
• “Who you marry or who you partner with is the biggest financial decision you will ever make in your life.” —Haley Sacks (69:07)

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Actionable Takeaways

• Have a monthly “money date”—alone or with a partner—to review all finances.
  • Make it regular, non-judgmental, and use tech for easier navigation.
• Take the free money: Get employer 401k match if available.
• Build an emergency fund BEFORE aiming to invest.
• Pay off high-interest debt (>7%) before investing.
• Start investing in broad, low-cost index funds; keep speculative bets small.
• Negotiation is standard. Document your wins, gather market data, and don’t fear asking—or negotiating perks if cash isn’t available.
• Discuss money transparently in relationships; consider a prenup as a smart contract.
• Shift your mindset—see yourself as a future rich person and retrain old beliefs.
• Utilize AI and technology for budgeting, tracking, and preparing for negotiations.
• Resist 'get rich quick' temptations, and be patient as habits compound.

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Where to Find Haley

• Podcast: Financial Tea
• Instagram: @MsDowJones
• Book: Future Rich Person: The New Rules for Building Wealth (Even If You're Stuck Broke and That Billionaire Won't Text You Back)

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Episode in a sentence:
A high-energy, deeply relatable masterclass on taking control of your financial future—no matter where you start—by changing your mindset, building habits, investing smart, and advocating for yourself.

Transcript

[Lauren Everts]

The following podcast is a Dear Media Production. She's a lifestyle blogger extraordinaire.

[Michael Bostick]

Fantastic.

[Lauren Everts]

And he's a serial entrepreneur, a very smart cookie. And now, Lauren Everts and Michael Bostick are bringing you along for the ride.

[Lauryn Evarts Bosstick]

Get ready for some major realness.

[Lauren Everts]

Welcome to the Skinny Confidential. Him and her.

[Michael Bostick]

Hello, everybody.

[Lauren Everts]

Welcome back to another episode of the Skinny Confidential him and her show. Today we have Haley Sachs, also known as Ms. Stow Jones on the podcasts on the show. She is a financial influencer and founder of Finance is Cool, Making money topics fun and accessible for millennials and Generation Z. She uses humor memes and pop culture to teach investing, cryptocurrency and money mindsets recognized by fortune adweek and money.com. she also offers courses helping people take control of their finances. I love the topic of personal finance. I think anyone and everyone can benefit from learning more about how to manage their money, how to make more of their money, how to save more of their money. On this podcast, we talk about the future of currency AI. We talk about how cultivate the next generation of millionaires, how to manage your personal finance, how to think about investing, and how to get the right mindset around personal finance. With that, Haley, Ms. Dow Jones, welcome to the Skinny Confidential him and her show. This is the Skinny Confidential him and her.

[Michael Bostick]

So I just need to know what the plan is if Michael dies.

[Haley Sachs (Ms. Dow Jones)]

Yes. What's.

[Michael Bostick]

What's the information that I need to get from Michael so I can feel just amazing in my second marriage?

[Haley Sachs (Ms. Dow Jones)]

Okay.

[Michael Bostick]

Obsessed.

[Haley Sachs (Ms. Dow Jones)]

Obsessed. Yeah. You need. You need.

[Michael Bostick]

I'm probably going to outlive you just in case.

I need a sheet.

[Haley Sachs (Ms. Dow Jones)]

True. Okay, fair. So we. That's a really good question. You need access to. You need to know where the bodies are buried, Lauren. Right. We need to know all of the accounts. We need to know all of the. The best thing is to create like a shared space. Like it could be, I know someone who has a Google document with their family that is shared, that has all of the information. Or you could put someone in charge of the estate who then could help you in that time and sort of act as like an in between.

[Michael Bostick]

Let me tell you what we have set up because it drives me nuts.

[Lauryn Evarts Bosstick]

I already know who to call.

[Michael Bostick]

Russell and David. I already know that I want my own sheet in Google Docs.

[Haley Sachs (Ms. Dow Jones)]

It's all set up like that. So you need to know all the passwords.

[Michael Bostick]

I can't be grieving and be worried about where the bodies are buried, Lauren.

It's so annoying because everything, like, everything is dialed in for her. Right. Because I'm a nerd on this stuff. We're going to nerd out. We have obviously an estate in a trust. We have. All the accounts are all joint. They all have access to everything. All of our stuff is color coded Google Doc. We have advisors, emojis, maybe we have. Everything is written out and organized for her. She just. And I try to show her where it is all the time and she doesn't want to look well, so this is inspired.

[Haley Sachs (Ms. Dow Jones)]

I think that I should. I need to be part of the estate planning. Because if I. If you could call me, then I think I could get through.

[Michael Bostick]

Okay.

[Haley Sachs (Ms. Dow Jones)]

You know what I mean? Okay.

[Michael Bostick]

Well, just, I actually would call you.

[Haley Sachs (Ms. Dow Jones)]

Yes. As I'm saying, like, you need. I will be the in between. I will be there for you. We'll grieve together. But I'll also like, I'll walk you through everything that you need to know. We'll make sure that we got our big life insurance pay. We got that, you know, we're going.

[Michael Bostick]

To time block the grieving.

[Haley Sachs (Ms. Dow Jones)]

Oh yeah, we could tie back the grieving. We do it in the sauna, like whatever. We need habits 100%.

[Michael Bostick]

Joking aside, I don't know if you saw this article. There was an article recently in the Wall Street Journal that said basically a gu. Wife. A husband died, the wife. And it took the wife a year to figure everything out and untangle all of the mess of finances. And it was like a total mess for her.

[Haley Sachs (Ms. Dow Jones)]

I literally was reading that yesterday. Yeah, it's so. I think there's nothing worse than when someone passes away and you're already like, death is so hard to begin with. So then having to add on top of that that you're so financially confused. I actually have someone in my life who just went through this who lost their husband unexpectedly and had completely for her whole life had been with her husband since high school and had just trusted him with all of the finances, everything. And then he died and she had no idea what to do. Was so overwhelmed by everything, was left with two kids. And so obviously I helped her and we set it all up and she's making progress and making steps towards taking control. But yeah, it's so much. That's why it's so important. Even if you're in a relationship where you're not both earnings, like say, you know, it's a single income income home and you feel like, okay, whoever's earning, they can handle the money. That's not true because women outlive Men, statistically, you know, we outlive men. And we also are out of the workforce more than men because we're leaving for take care of our parents, we're leaving to take care of kids. Eventually it's going to catch up to you. That's like sort of was a hard financial lesson that I learned where I was like, ooh, I guess I just can't ignore this.

[Michael Bostick]

How did you learn that lesson?

[Haley Sachs (Ms. Dow Jones)]

It was, I had a financial money aha moment. I was working in comedy. I worked for David Letterman, and then I worked for Lorne Michaels and the Lord. Yeah. And so Lorne Michaels job was like my first real full time job because before that I was sort of like struggling comedian. Like, I worked at a Pilates studio. I babysat for a kid named Winthrop on the Upper east side. Like, I was doing paycheck to paycheck.

[Michael Bostick]

To take a three side name.

[Lauryn Evarts Bosstick]

So.

[Haley Sachs (Ms. Dow Jones)]

I know. And he was so bossy.

[Michael Bostick]

W I n H W I N.

[Haley Sachs (Ms. Dow Jones)]

T H R O P And he was a Winthrop. Like, it, like it really fit him.

[Michael Bostick]

It's a good name. It's a strong name.

[Lauryn Evarts Bosstick]

This is really.

[Haley Sachs (Ms. Dow Jones)]

Write that one down. There's gonna be a lot of Windthrop support from this episode, but. And then I got my first full time job and I wanted to do amazing because I was like, oh, my God, I'm working for like, Lauren Michaels. This is a dream, whatever. And they asked me all of these adult questions that I had, you know, been able to skirt until then. I was in my early mid-20s, 401k, health insurance, all these things. And I was like, sort of nodded and pretended that I knew and then was like, holy shit. Like, I don't want to seem like an idiot at this job. And so I went home and I tried to, you know, learn and teach myself from the Internet. And I found all these guys online who look like they'd never been through puberty. And I was like, okay, I don't want to learn from you. And then, you know, advice that was more for women that just felt so, like, scarcity mindset. Like literally someone telling me to wash my paper towels. And I was like, certainly not. Like, like, how can I? What, what is there that's going to make this feel, like, iconic and sexy and aspirational? I want it to feel aspirational, to grow wealth, to budget, to take care of your finances. Like, who's that person? And so she didn't exist. So I became her.

[Michael Bostick]

Yeah, you've made finance sexy. Yeah, I really think you have and we. I love following your content because funny enough, like, one of the things that I get excited about talking about on this show is personal finance because I, in my own life early, it was such a stressor and I was always decent at making money. But then I realized I could never keep it interesting. I would spend it. And so I didn't because I didn't understand it. Nobody. Yeah, I think we do a really good job teaching people how to go work, how get a job, talking about like setting up a career, all these things. But they don't tell you what to do once you earn income.

[Haley Sachs (Ms. Dow Jones)]

Yeah.

[Michael Bostick]

And so a lot of people get stressed all the time because they're like, the money's coming in, but where the hell is it all at the end of the month?

[Haley Sachs (Ms. Dow Jones)]

A hundred percent. And like, that really is what separates the wealthy from the not wealthy. Like when you look at the stock market, 90% of the stock market is or is owned by the top 10% wealthiest Americans. So like the, in the income inequality gap is like widened so much just by people who know how to buy assets and, and to invest their cash versus those who are spending it. So just by using financial literacy, you can close that gap.

[Michael Bostick]

I even think when you say the stock market, I can almost guarantee, because I was this at one point, that there's a healthy segment of the audience that has no idea how to even buy a single stock or etf. They don't even know what to. They don't. When you say that, it's like, what. How do you even do that?

[Haley Sachs (Ms. Dow Jones)]

Yeah, I have all of. I have like the most. Step by step, like, I will walk you through it. It's. So yes, you are going to have to put in your Social Security. It'll take you 15 minutes to set up a brokerage. It's completely free. But then once you have a brokerage account, then you can start to buy stocks and buy index funds and start, you know, make having your money work for you. Because if you don't do that, then.

[Michael Bostick]

Let'S digest this as a kindergartner, because I'm going to really be a kindergarten.

[Haley Sachs (Ms. Dow Jones)]

Yes.

[Lauryn Evarts Bosstick]

Let's say someone's listening.

[Michael Bostick]

Has $100. It could be, this could be 10,000, a hundred thousand, whatever. But let's just call it a hundred dollars. What are you doing with the hundred dollars to make money on that hundred.

[Haley Sachs (Ms. Dow Jones)]

Okay, obsessed. So the first thing that I would do is I would look at their financial picture. So I would say, okay, are you in a job that offers a 401k match. And what that basically means is like do you have an employer who's going to match the amount that you put into your 401k? Got it.

[Michael Bostick]

Check.

[Haley Sachs (Ms. Dow Jones)]

So like it's free money, Lauren. It's like, basically it's like a two for one special. Okay, that makes sense. And up until, and so if you, if that's available to you, I would say the first thing that we got to do with that money is take advantage of that match because it's the only time in your life when you're guaranteed in a hundred percent return on your investment.

[Michael Bostick]

Okay.

[Haley Sachs (Ms. Dow Jones)]

Okay. So then once we do that, I would say let's set up an emergency fund, three to six month emergency fund. And we're going to put it in, I don't want to speak French, but we're going to put it in a high yield savings account, which is the same as a regular savings account, but just exactly like it sounds like higher interest. So that means that your money, you're going to get a little bit more interest back for that cash.

[Michael Bostick]

And you're putting how much of the hundred in there?

Well, she's saying basically like if it's three months, a three month emergency fund, it's like your expense, whatever your monthly expenses are times three in a separate fund that you can, that's for emergency.

Got it.

[Lauryn Evarts Bosstick]

Okay.

[Michael Bostick]

Exactly as it sounds. Right.

[Haley Sachs (Ms. Dow Jones)]

Well, basically what I'm trying to say is like if you had $100, I couldn't give you prescriptive financial advice for everyone with that $100 because we're all starting from different places.

[Michael Bostick]

Got it.

[Haley Sachs (Ms. Dow Jones)]

So like my, so I'm sort of starting from the beginning which is like if you do have a 401k match. Okay, got that. Do you have an emergency fund? Okay, if you don't have emergency fund, let's use the 100 for that. Okay. If you have an emergency fund, let's move on. Do you have high interest rate debt, which is any debt above 7% interest rate? So do you have credit card debt? Do you have a high car loan? Then you would use it towards that because you would be, if you put, if you just put the, a hundred dollars in the market, say without, without having an emergency fund, and then you got into an emergency and you needed that $100, you could need the $100 on a day where the stock market is tanking and then the $100 could be like $60. And then you would come to me and say, hey, you're supposed to be a financial expert. What the hell? This was a hundred dollars. Now it's $60. Like, what are we doing? So we have to have the emergency fund just in case anything happens so we don't touch the money that we're investing.

[Michael Bostick]

Got it.

[Haley Sachs (Ms. Dow Jones)]

And then we don't want to have high interest rate debt because that debt could be, you know, credit card debt could be 25, 26%. That's so much higher than what the stock market returns. Stock markets may be like 8 to 10%, you know, over time, annually. So if you're paying 26% to borrow money, but you're making 10%, then you're gonna take you. Yeah.

[Lauryn Evarts Bosstick]

Okay.

[Haley Sachs (Ms. Dow Jones)]

Does that make sense?

[Michael Bostick]

Yes, it makes sense.

[Haley Sachs (Ms. Dow Jones)]

So, like, we have to follow it step by step a little bit.

[Michael Bostick]

You know what's. So, is this weird that I never.

[Lauryn Evarts Bosstick]

Had a credit card until I got married?

[Michael Bostick]

Is that weird?

[Haley Sachs (Ms. Dow Jones)]

It's not weird, but like, I'm so glad that you have. Can we unpack that? Like, why didn't you.

[Michael Bostick]

I don't. I think that I just. I think maybe it didn't make sense to me and I was afraid of doing something that didn't make sense. And so I just felt like, make my own money and have a savings account and just use the money that I had.

[Haley Sachs (Ms. Dow Jones)]

Yeah.

[Michael Bostick]

Well, I think that weird. In your case, early on, it might have been a good thing because I.

[Lauryn Evarts Bosstick]

Feel like it was like a. Preventative.

[Michael Bostick]

Is the word I'm looking for.

[Lauren Everts]

To your point.

[Michael Bostick]

A lot of people overspend on frivolous things on credit cards and then get stuck in this interest and debt that they can't get themselves out of because they. They overextend.

[Lauryn Evarts Bosstick]

Got it.

[Michael Bostick]

Like, what you were doing is you were using a debit card and using money that you act like that I had.

[Lauren Everts]

You had.

[Lauryn Evarts Bosstick]

Is that strategic or no?

[Michael Bostick]

Well, different reasons.

[Haley Sachs (Ms. Dow Jones)]

Michael and I are like, we're on a team.

[Michael Bostick]

Yeah.

[Lauryn Evarts Bosstick]

Because you guys are going to say, I wasn't building credit, but also, you.

[Haley Sachs (Ms. Dow Jones)]

Still get consumer protection. Like, have you ever, like, bought. So you buy like a digital camera and you drop it in the ocean, but you bought it on your amex, then you can call amex, and if as long as it's within the. The period of protection, they'll refund you or send you a new one.

[Michael Bostick]

Okay, that makes sense. I did have a car, though, that I was leasing where I would build the credit on the car. Oh.

[Haley Sachs (Ms. Dow Jones)]

I mean, that's.

[Michael Bostick]

Is that. Is that like, similar?

[Haley Sachs (Ms. Dow Jones)]

I mean, I. You should. Credit is awesome. And it like your Credit score is basically like your financial gpa.

[Michael Bostick]

Okay.

[Haley Sachs (Ms. Dow Jones)]

So like without a credit score. I actually once went on a date with this guy who was 26. It was like the middle of winter. I met him on Raya. He was a photographer. I was like, okay, this could be so sick. Like, I'm gonna literally have like professional Instagram boyfriend. He's a photographer. He's gonna take amazing pictures of me. So we're like, instead of winter, it's so cold. We're like inside at a bar, having a million drinks, whatever, like vibing. And the check comes and he puts down a debit card. And I was like, oh my God. Like, Kaylee, don't do it, don't do it. Like the bait's going really well. Don't do it. Why do you have a debit card? Like, what's going on? Like, why do you have debit card? Couldn't help it. And it was because he was. I found out, of course, you know, his parents never believed in credit cards. There were a lot of like financial experts for that generation who were less like, they didn't like credit as much.

[Michael Bostick]

Dad Warren Buffett or something or what.

So you thought he was not intelligent for having a credit card? Like, why, why is there a judgment around it? I don't understand.

[Haley Sachs (Ms. Dow Jones)]

There wasn't a judgment. It was more. When I poked the bear, I realized that there was like a lack of financial literacy and fear on his side around credit that then I was able to help him through. Which obviously the relationship did not go anywhere. But I did get a text the next day. Day that was like helping him set up his first credit card. Cuz he had zero credit, so he couldn't have rented an apartment. Lauren, you go, you would go to. There's some like, if you want to work at JP Morgan, they're going to check your credit. Not that he wanted to work there. He was a like. But there's a lot of, you know, employers who will check your credit score. Like, this is an important number to nurture and it basically shows that you are a trustworthy borrower. Like, if I give you $10, you're going to give me back $10.

[Michael Bostick]

That makes sense.

[Lauryn Evarts Bosstick]

I got it.

[Michael Bostick]

You know what? Learning stuff every day.

[Haley Sachs (Ms. Dow Jones)]

Yeah, I mean, but I get like why you were scared though, because it also feels like, oh my God, can I be trusted with having so much money available to me?

[Michael Bostick]

I don't know that scared is the right word. I just didn't see the point of it. If I could just make it Work with the money that I have. But now when you're explaining it as your credit scores, like your gpa, that maybe would have been a reason to get one.

[Haley Sachs (Ms. Dow Jones)]

Yeah. And also, like, you can use your credit card, like, your debit card. Like, you can still, like, spend within your means.

[Michael Bostick]

Got it. Okay.

[Haley Sachs (Ms. Dow Jones)]

And you can get credit cards with high. With low limits on them too. If you're someone who's like, oh, I don't want to have such a high limit, because I don't know if I trust myself, you could get a credit card with a much lower limit.

[Michael Bostick]

So let's. Let's go back with you a little bit. I know you grew up in a household where it sounds like your father was in the world of finance.

[Lauren Everts]

Yes.

[Michael Bostick]

But the money was not discussed.

[Haley Sachs (Ms. Dow Jones)]

No. My dad never brought his work home with him.

[Michael Bostick]

And were you in.

[Haley Sachs (Ms. Dow Jones)]

It was like a Michael Jordan's daughter couldn't make a free throw.

[Michael Bostick]

Okay, okay. So when did you become so interested in the topic of money? And did you ever, in growing up, did you think it would be your career?

[Haley Sachs (Ms. Dow Jones)]

I, looking back, I was always obsessed with money. Like, always obsessed with what? How people were spending it and, like, shows like the Fabulous Life of and, you know, reading about celebrity money stuff. I wanted to know how people were spending. Spending their money, but I had no idea myself how to make it or keep it. And I think I had this magical thinking around it that kept me sort of relaxed, where I was like, okay, I'm either gonna hit it really big one day, and there will be, like, this one day in my head where that's gonna happen that will separate me financially, that then I, like, make all this money or I'll marry someone who will take care of me. And then, you know, like, that was really what I thought. And so, and then I got to my 20s, and, you know, neither of those things had happened. And I realized that what was sort of like I'd gotten away with, like, cute, funny, like, oh, like, money, whatever. Being flippant about it was no longer cute, and it was actually holding me back and that I was also feeling like I didn't have ownership of my own life because I didn't have ownership of my own finances. Like, I think that's something that's so important. Like, no matter where you come from, if you're borrowing money from someone, say you have, like, a. A partner who's in control of your finances and you're sort of in debt to them. Or like, in my case, I had parents who were paying for A lot of things. Okay. I'm in debt to them. Or you could be in debt to a credit card company. Like, when your money is not your own, then I feel like it really impacts your quality of life. Yeah, yeah.

[Michael Bostick]

How many people do you talk to that want to find a partner that just is a billionaire?

[Haley Sachs (Ms. Dow Jones)]

Oh, my God. Everyone. Like, but I mean, billionaires are weird. So I think that there's like a bit of an issue there.

[Michael Bostick]

What's happening with that?

[Haley Sachs (Ms. Dow Jones)]

I know. Like, we need to, like, figure out. They need to go to, like, finish school. Yeah. Rebrand. We're going to do like billionaire matchmaker. We'll get Patty Stinger back.

[Lauren Everts]

Well, I mean, like, think about what.

[Michael Bostick]

It takes from a mindset and individual perspective to become a billionaire in the first place. You're going to get some, some.

[Haley Sachs (Ms. Dow Jones)]

You get some weirdos. Yeah.

[Michael Bostick]

Wait, you're not going to be a billionaire?

Well, listen, I'm kind of a fucking weirdo myself.

[Haley Sachs (Ms. Dow Jones)]

Yeah, it's true.

[Michael Bostick]

That's not what I signed up for.

[Haley Sachs (Ms. Dow Jones)]

Yeah, we need that. We need three comma club from you.

[Michael Bostick]

But you know, though, what I tell people I have two young sisters and I have a daughter now, and I tell people is I understand that thought process of wanting to marry somebody that well off or be taken care of, but that comes with a cost as well.

[Haley Sachs (Ms. Dow Jones)]

Oh, my God. Of course. Yeah, there is. There's nothing more expensive than marrying for money. And you know, just going back to, like, your daughter. We are two times more likely to talk to young boys about investing and negotiating and earning money than we are with talking to young girls. Like, women are taught to play defense, but men are taught to play offense. And that really, like, keeps the, you know, keeps the wage gap huge, keeps the gender inequality huge. Like money. It really is power and freedom. And I think the sexiest thing is when both people are rich. Like, I don't want to be with a broke guy, but I also don't want to be spending someone else's money.

[Michael Bostick]

We talk about this a lot on the show. Like, if you're going to want someone with perfect teeth.

[Haley Sachs (Ms. Dow Jones)]

Yeah.

[Michael Bostick]

That has a perfect body that makes a million dollars a year, you better.

[Haley Sachs (Ms. Dow Jones)]

You better do it 100% because you.

[Michael Bostick]

Are what you attract.

[Haley Sachs (Ms. Dow Jones)]

A hundred percent.

[Michael Bostick]

So I agree with you.

[Lauryn Evarts Bosstick]

It's.

[Michael Bostick]

It's probably nice. I would assume when you, when you see a couple where they're both pushing.

[Haley Sachs (Ms. Dow Jones)]

The boulder up the hill, like, you guys, we're trying. We're trying.

[Michael Bostick]

But you know, I think on that note, and I. And Again, like, maybe my daughter will hear this one day. The. The cost I'm talking about is not even necessarily a financial cost. It's. It's what you're talking about. It's a. It's a cost of freedom in a lot of ways. Like, when you're. When you're on someone else's dime, a lot of times they're setting the agenda.

[Haley Sachs (Ms. Dow Jones)]

That's what I dealt with, too. Like, it was so stressful. Like, before I had financial freedom, I think my parents were, you know, you read so many studies about, like, oh, you know, younger generations are living with their family or their parents are helping them out. Like, I was totally in that group and. But it was so stressful and, like, really affected my relationship with my parents because I was always, like, sort of living in fear of, like, getting that text. What was that AMEX charge? Or, you know, what was this? Or I just didn't have the. I couldn't do whatever the hell I wanted. And this is my big, beautiful life. I want to be able to do what I want. I don't want to have to ask for permission. Money gives you that.

[Michael Bostick]

My number one motivator my entire life around wanting to have financial freedom was so that I didn't have to beg from other people or record need other people. I wanted independence. Like, not. I didn't just want the money for the. I wanted the independence.

[Haley Sachs (Ms. Dow Jones)]

Oh, my gosh.

[Michael Bostick]

And Charlie Munger, before he passed, talked about this. I was like, basically, like, it's undignified in his perspective. And I think I've adopted that to have to be at the mercy of somebody else, right? And have to. And have to kind of, like, beg, borrow, whatever. And so money gives. It empowers people. And, you know, a lot of people's relationships. Some people have a relationship with money where they think it's evil, I think it's bad, or they, you know, they think that maybe you shouldn't pursue it as a virtue. But if you look at it through the lens of it gives you independence and freedom, I think that's a. It's a healthy way to look at it, 100%.

[Haley Sachs (Ms. Dow Jones)]

And speaking of Charlie Munger, who was Warren Buffett, my boyfriend, business partner, RIP. He talked a lot about how the first 100k, like, getting to your first, which I think would be really interesting for your audience because, you know, you have such hustlers and people who are thinking so big and trying to, you know, create these amazing lives. That's why this show is, like, such a great resource but so important, like, this is one of the most successful investors of all time. And he said the hardest money that he ever made was the first a hundred thousand. Because that money is before money is really working for you. So, like, compound interest, like, nothing is rocking and rolling. You're not, like, earning money on your money yet. But it also requires so many habit shifts, and you really have to earn. Like, earn and save your way there. And so it's really important if you're starting just to know, like, if it feels really hard. Yeah, it is hard. But it's so worth it once you get there, because then things are going to start moving at an exponential pace. I always think about Taylor Swift, where, you know, she is worth $2 billion now. It took her 33 years to get to her first billion, but she made her second billion in, like, the, like, last two years. Just because when things start, you know, she had to grind. She's playing outside of, you know, stadiums, on a rickety stage, whatever. She's putting out albums every year. She's touring, she's whatever. And then once the system starts working for you, it's really easy to just grow, grow, grow. So it's the same thing with your finances.

[Michael Bostick]

How important is your inner monologue when it comes to money? Because everything. Yeah, I think that sometimes I'll talk to, you know, someone I know, and they'll be like, I'm so broke, I can't make money. And I. And that's an affirmation.

[Haley Sachs (Ms. Dow Jones)]

Oh, my gosh. I know. I really feel that with people in my life, too, where. Yeah, it's your. Like, your money mindset is everything. And I think for women especially, it can be hard because, like, like I said, we're conditioned from an early age to be taught to, you know, just be grateful, take what you're given, save. We're told that our purchases are frivolous. Like, if a man is buying tickets to the big game or something, we're like, great. You know, he loves sports. But, like, if a woman's, like, buying herself a purse, you're like, oh, my God, she's addicted to shopping. Like, she's so frivolous. You know, the way that we see ourselves can be really negative. Instead of viewing yourself as this future rich person, that's why in the book, the first part of the book is literally all mindset. Because, you know, your money beliefs are set by the time you're seven years old. Seven years old. So that means, like, however you saw your parents dealing with money, who you grew up with that's still with you now. And it's okay if it's still there, but you have to find awareness to it and then be able to choose an opposite action to how you would have otherwise reacted.

[Michael Bostick]

Well, that's interesting that it's set by.

I've tried to explain this to Lauren because, you know, on paper, people looking at, I guess maybe this platform or some of the things we've done now, like, most people would assume that like, you know, I don't worry about money, which is true. I don't like, it's not a thing that I stress about a lot these days. Earlier in my life, in my career, I was fixated and constantly stressed about money. And I had to like, really one, educate myself and think about a lot. But what I realized, because I have two other sisters younger that are, that have, that are never stressed about money. But when I, when I look back on my childhood, I realize before I was seven years old, my parents hit a rough patch where they were really struggling in the, like in the early 90s. A lot of people were.

[Lauren Everts]

My dad was in real estate.

[Michael Bostick]

And by the way, people have ups and downs. But I remember like, you know, we had to move and they were stressed and my mom had to work really late and like, she was, you know, constantly stressed. And I'm sure that I witnessed as a kid a lot of that in the marriage, but just unknowing. Then when my sister was born later they started to get their footing again and do better. And so like they were moving up. We moved to another house. And then when my youngest sister was 10 years younger than me was born, like my dad had fully like recovered and did very well and built a house and moved and very strong financially. And what I realized as an adult was the reason all three of us have a different perspective on money is because we all, before the age of seven, had different experiences based on what our parents, the. The stage of financial well being. Our parents rot.

[Haley Sachs (Ms. Dow Jones)]

That's so interesting.

[Michael Bostick]

But I didn't understand it until later. So I'm like, why am I always stressed? Like on, like, yeah, it's because my conditioning as a kid was like, yeah, there's not enough.

[Haley Sachs (Ms. Dow Jones)]

There's not enough that we're, you know, we're cutting back that like, we can't do this. We're stressed. Like, that's so interesting.

[Michael Bostick]

And then with my sisters, it was like, okay, we're fine. We have enough. And then my other sister was like, there was abundance.

[Haley Sachs (Ms. Dow Jones)]

Yeah.

[Michael Bostick]

And so like they just, their perspective On Money was completely different. All three children, but coming from the.

[Haley Sachs (Ms. Dow Jones)]

Same household, that's so interesting.

[Lauren Everts]

This episode is sponsored by BetterHelp. It's a new year, but that doesn't mean it has to be a completely new you. Maybe just a version of you that's less burdened, more in line with the future that you're looking for and someone who's thriving in life. BetterHelp can help you get there. What I love about BetterHelp is it brings therapy straight to the comfort of your own home, your office, wherever you're most comfortable. Straight straight to your digital devices. If there's one thing Lauren and I have learned doing this show for a decade now is that many of the high performers that we interview and speak to utilize therapy in their day to day life. They use it to work on their relationships and they use it to work on better versions of themselves. Again, this is why Lauren and I love BetterHelp so much. Better Help connects you with quality therapists that work according to a strict code of conduct and are fully licensed in the United States. They do the initial matching for you so you can focus on your therapy goals. A short questionnaire helps you identify your needs and preferences and their 12 plus years of experience in industry leading match fulfillment rate means they typically get it right the first time. If you aren't happy with your match, you can switch to a different therapist anytime for any reason. Don't just take it from me. With over 30,000 therapists, BetterHelp is one of the world's largest online therapy platforms having served over 5 million people globally. And it works with an average of 4.9 out of 5 for a live session based on over 1.7 million client reviews.

[Michael Bostick]

That's incredible.

[Lauren Everts]

So check them out. BetterHelp makes it easy to get matched online with qualified therapists. Sign up and get 10% [e-mail] Skinny that's better. H E L P.

[Lauryn Evarts Bosstick]

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[Lauren Everts]

Off exclusion supply quick break to talk about Experian. I have used Experian as an Experian customer for years. Most of you may be familiar with it as a credit monitoring service, but did you know they also have a plan and a platform that can help you cancel unwanted subscriptions? The Experian platform can help you cancel your unwanted subscriptions and save your hard earned money. There are so many different subscriptions out there. Whether it's an app or a streaming service or something you signed up for that you weren't aware that you signed up for. There's just so many things that get billed to us. Again, taking your hard earned money right out of your pocket and it can be really frustrating. But not any longer. Experian can take the pain out of canceling subscriptions by handling it for you. Just keep the ones you want and put money back in your pocket. And did you know over 200 subscriptions are cancelable or negotiable? Again, get that money back in your pocket or negotiate a better rate. You and also like I mentioned on the Negotiable, you could save money by letting Experian negotiate your best rate. They'll keep an eye out for new deals and savings opportunities and will negotiate directly with your provider on your behalf. The best part? You keep 100% of your savings. We talk a lot about personal finance on this podcast. One of the things that we have to get under control is our spending. Making sure that we're not wasting our money, making sure that it's going to the place that we want it to go, and making sure that we're keeping a close eye on it. With Experian you can do just that. So if you've been stressing about your bills, if you're stressing about your credit card payments and you've been wondering what you can do to save more money, using Experian subscription cancel service could be a great place to start. Making sure you're not paying for things you don't want, making sure you're negotiating for better rates and working to put more money back in your pocket.

[Michael Bostick]

So check it out.

[Lauren Everts]

Get started with the Experian app now. Results will vary. Not all bills or subscriptions are eligible. Savings are not guaranteed Paid memberships with connected payment accounts are required. See experian.com for details.

[Michael Bostick]

How do you look at children who grow up with money versus children that don't grow up with money?

[Haley Sachs (Ms. Dow Jones)]

Well, I think that it's more what the parents bring into the home because, like, you could, you know, abundance is not just a number. It's love. It's, you know, having food on the table. It's feeling warm and safe at home. Like, someone listens to you. Like, you know, that's what I. I love money. But I really believe that wellness is having balance with your finances, your mental health, and your physical health. And that, like, all three, maybe not all three at the same time are all going to be popping, but you need to focus on all three in order to, like, find your groove. And so I think that, like, you could, you know, you could meet children of very rich people who have scarcity mindset just because of how their parents were acting or what the vibe was in their house. So it's really more about how you were raised versus what you have at.

[Lauren Everts]

This stage of your career and with.

[Michael Bostick]

The platform you built. What is the most common thing people are coming to you with or problem or issue? Like, what. What are you getting the most messages about?

[Haley Sachs (Ms. Dow Jones)]

Well, I think the thing that I got the most messages about and what people are most concerned about is, like, this idea of this broken American dream. You know, we were raised by parents by a generation where, you know, in the 80s, for example, you could buy a house for three times your annual income, and now that number is closer to seven times your annual income. The cost of childcare has gone up so much, inflation is so high, the average student is leaving College with, like, $30,000 in student loans. So prices have increased so dramatically, but wages have not kept up. And I think that the biggest question that I get is, like, what now? What do I do? Like, am I helpless? And that goes back to the money mindset thing, where you're sort of wondering, like, there's this feeling of, I shouldn't even try because I'm already so. It's already the system so fucked. And that's a really dangerous mindset to have because there's actually a lot of things that are great about being alive right now. Like, for example, we have our phones. Like, there's a democratization of financial literacy and financial services that no other generation has ever had where you can go online and you can learn how to grow wealth. You can open a brokerage account and get your money to work in the stock Market, you don't need to have someone between you and that. There's less friction. And so I think that the biggest concern is like, you know, is the system so messed up that I shouldn't even try? And then the sort of the antidote to that is like, let's look at what's actually going really well for you right now.

[Michael Bostick]

So what do you tell them when they come with that perspective to help them maybe see a different perspective?

[Haley Sachs (Ms. Dow Jones)]

Well, I would. I mean, the. Just like what we have available now is so different than those generations, but also that, like, you can either believe that and stay exactly where you are for the next year, or you can try to start and try to take action and move yourself forward. And this is the same with anything in life. It really is. Every making progress on anything in life, in your career, in your physical fitness and your finances, anything is just all about mindset and believing yourself and having the will to do. And that's what I always say to people who are like, oh, you know, because of you, I did this or that. I'm like, I didn't do anything. Yes, I gave you the financial literacy, but you took the action that was actually like, I take no ownership over any financial wins that you've had. Those are yours.

[Michael Bostick]

It feels like it starts with accountability too. If you're blaming the system, I think it's time to look at yourself 100%.

[Haley Sachs (Ms. Dow Jones)]

And it's not to say that the system is not really, really hard. Like, people are in such hard situations right now financially. Like, we can't discredit that. But like, you have to believe always that there that you have the ability to change your life. Or I think that life becomes so overwhelming and you just, you know, you're not going to make any progress.

[Michael Bostick]

You, you mentioned off air, I think you talked about creating your own future. If someone wanted to create their own future, where could they start?

[Haley Sachs (Ms. Dow Jones)]

Always. And this goes for anyone. Like, start with a money date, which is a set time every month. Like, think about it. Money is a relationship. If you were in a relationship and you never went on a date and you ignored that relationship, you're always talking shit about that person. And you were like, you know, like living in fear of them, it would be a really bad relationship. So the first thing is to have a set time every month. And this really was like a keystone financial habit that has made me a millionaire. Sitting down with your finances and looking at your finances, taking inventory. And this actually, I think is a great use of AI. Like, we can talk A bit about how people are using AI with their finances. Yes, because it's good and it's bad. But I think that one of the pros with AI is that it's so great with data analysis. So, like, when I started my money dates, like eight, you know, 10 years ago, I was basically doing everything by hand, putting. It was so arduous, like, truly the. I dreaded it every month, but I forced myself to do it. But now it's so much easier. You could just put in your bank statements, your credit card statements, and it'll analyze the data for you.

[Michael Bostick]

And so when you, like, what are some of the prompts you're giving AI to help help it help you figure out money.

[Haley Sachs (Ms. Dow Jones)]

So, like, you could put in your credit card statements and your bank statements and then ask it to compare your current spending to the 50, 30, 20 budget, which is like a really good sort of baseline for your spending, where you put 50% of your money into needs, 30% to wants, 20% to future use. You have to have a little fun putting some away. And you're also making sure that you're, like, taking care of your rent and everything like that, or you're buying or your mortgage or whatever. And so you could ask it to break it down for you, and you could see how far off you are from that, from those ratios. And then you could ask it, what are some easy changes that I could make next week or next month, next month to improve those ratios. And, you know, I'm really big on negotiating. Anything is negotiable. And so you can negotiate your credit card interest rate, you can negotiate your phone bill, you can negotiate your cable bill, whatever it is. And what I love using AI for is making those scripts.

[Michael Bostick]

Oh, my God, that's genius. So you're using the script from AI to negotiate.

[Haley Sachs (Ms. Dow Jones)]

Yeah, yeah. Or say, make. Write me an email.

[Michael Bostick]

Perfect.

Let's do a quick pivot into negotiating, because we were prepping for this podcast, as we do with it, and it's not just us. We have the team. We all get together and we have the, you know, the whole team, which is primarily women. Ask, like, you know, what would people be interested in? And we, we, towards the end of the call, we got on the topic of negotiating, and I said, like, I negotiate everything.

[Haley Sachs (Ms. Dow Jones)]

Yeah.

[Michael Bostick]

And I. What I also pointed out is most people, most. Most people that I've dealt with, the wealthiest people, are always negotiating the hardest. And it was like, I saw there was like a moment with, on the call where people like, wait, you can negotiate yeah. And those people and I. And I think it'd be interesting for your perspective to talk about this, because I think a lot of people don't even realize they can in the first place or that they should.

[Haley Sachs (Ms. Dow Jones)]

Yes, 100%. You need to be negotiating everything, but especially your salary. And the. I think that, you know, the first step to negotiating is having data and understanding, like, why you're. Why you should be able to get what you want. And so, you know, if you're negotiating a salary, I always say, have a WINS folder at work throughout the year so that you are. Yeah. So, like, whenever your boss is saying, oh, you did this great, you know, or I increased the newsletter by 30% subscribers, or, you know, our revenue grew this much, put it in your WINS folder. So then you can be like, receipts, timelines, like, come right in and clock them with all the things that you did well. So they're like, damn, this girl is fire. Like, I need to keep her. How much does it cost for me to keep her? Because where. Who am I going to find that can do all this? So you got to have that WINS folder, and then you also got to know the market data. So. And this, you know, you can find this. You use AI, you could use LinkedIn, you can use Glassdoor. Figure out how much other people are making in that position in similar roles so that you understand sort of what's reasonable. And then I would say it's also important to know, like, when you're going to negotiate. Like, you don't want to negotiate at 6pm on a Friday. When, like, someone has their son's birthday party right after work, they're trying to run out the door. You want to negotiate when the company's doing well, when you are in a good position, when they know they have the time to have an actual meeting with you. That's really important. You don't want to spring it on them. Make sure that you tell them in advance. And then, you know, I think this is another great use of AI because people get very anxious about negotiating, especially women.

[Michael Bostick]

That was the theme on the call. Yeah, I saw a lot of anxiousness. Like. Like some of the comments were, well.

[Haley Sachs (Ms. Dow Jones)]

They think you're gonna get mad at them. They're like, you know, or it's intimidating. Yeah, intimidating. Or I'm gonna do it wrong. Or like, you know, I like my job, so I don't. I don't want to lose. Like, you know, don't think because I'm asking for more, this means I'm going to leave like, you know, apologizing. But this is what I'm saying, that women are taught to play defense and men are taught to play offense. And that's what helps, you know, keep this huge wealth gap. And so it's very. You should also know it's very normal to negotiate. Like, I think it's important. Like, I'm a boss, I have a team. And like, when I'm hiring someone or when I have an employee who's been with me for like a year, it's like a red. It's a green flag for me. If they negotiate, it is a red flag. When I interview someone and they take the salary at face value, I'm sort of like, do you know who you're working for? Like, you got to play a little hardball.

[Lauryn Evarts Bosstick]

Like, so what do you do?

[Haley Sachs (Ms. Dow Jones)]

Well, you know, it depends what. Who the person is. What, you know, I wouldn't say to them in that moment because, you know, you're trying to get a good deal. I'm still running a business. If someone wants to work for me for that amount of money, fine, I'll take them.

[Michael Bostick]

But, like, you offer the salary thinking.

[Haley Sachs (Ms. Dow Jones)]

That they're going to always, like I'm saying, I'm going into it. It's like sort of like, you know, you go to a restaurant and you expect them to say, do you want, you know, a certain restaurant, sparkling or flat water? If you're negotiating. If you're hiring someone, you expect them to say, well, actually, this is how much I want.

[Michael Bostick]

But I love that you said show up with receipts and data. Because as employers, I. And this may sound harsh to people that are in this position and want to negotiate with their employer. When somebody shows up and wants to negotiate for a higher salary and the only thing they have is, I've been here for. For X time. Like, that's not a good enough reason to start a negotiating process. Right.

That feels riddled and entitlement.

Well, it also, it also, like, I think some people think because they've been somewhere for a certain time that the company is then obligated to continue to.

[Haley Sachs (Ms. Dow Jones)]

Pay more and more.

[Michael Bostick]

And it. And it's. And maybe people won't say this, but it's not the truth. But if you show up and you say, look at all the value that I've added, that has benefited the company. And here's X, Y and Z examples. I think as an employer, immediately you're like, wow, this is somebody who, like, really cares and is providing a ton of value to the company and making it More valuable. So we've obviously got to peel off some more resources. Not just like, I'm here clocking in the time, and I'm here a hundred percent.

[Haley Sachs (Ms. Dow Jones)]

Yeah, I think that's such a good point. Like, you really have to. Like, I had a rule when I worked in corporate that was. First one in is the hottest. Like, I think you have to be good at your job and work really hard at your job to be paid more. Like, first one is the hottest. Work hard, show up early. Like, go above and beyond. Like, that's. We are in a buyer's market when it comes to talent. There is a lot of unemployment in this country. There's a lot of talented people who are looking for jobs. There's a. You know, there's. It's not the same. Same world that we're living in as people, like, who are hiring people. And so, you know, you have to show up and make sure that you're adding value and that you're, you know, that's the first step to getting a raise is being good at your job.

[Michael Bostick]

I think the energy of that's not my job either, is. Is a tough one too. I think as the boss. To me, everything's my job. And I feel like when people are.

[Haley Sachs (Ms. Dow Jones)]

Yes.

[Michael Bostick]

Everything's scrappy about it, Like. Like Arielle and I were talking. Arielle has been my photographer for 10 years, which is crazy.

[Haley Sachs (Ms. Dow Jones)]

That's so crazy. You've done a great job.

[Michael Bostick]

She's. She's amazing. She's amazing. She's documented everything.

[Haley Sachs (Ms. Dow Jones)]

Oh, my gosh.

[Michael Bostick]

I love that.

Such a finance girl.

[Haley Sachs (Ms. Dow Jones)]

I love that.

[Michael Bostick]

She. She's like, so into finance.

[Haley Sachs (Ms. Dow Jones)]

Okay, that's so good.

[Michael Bostick]

And she was talking about how every single job that she approaches, whether it's with crypto, she has a lot of crypto, or with what she's working on as an entrepreneur or with photography, it's like she just assumes everything's her job and she'll do everything to help. And it. It shows. She's been with me for 10 years. You know, you. You see that in a person, the energy of. That's not my job.

[Haley Sachs (Ms. Dow Jones)]

I don't.

[Michael Bostick]

That's not what I would advise people to do.

I think, like, the. The truth of the matter is, like, you can have whatever attitude and pers. Perspective that you want, but you have to decide, like, what is going to get the right kind of attention that you're looking for and what is. What is going to entice the employer to invest more in you. Right. Like, if it's if it's like, I'm here and I'm doing what I'm paid for and that's all I want to do, great, fine. But if you're competing in the workplace with other people that like, what else you got for me? And I'm ready to go, then, like, that. That's just what you're up against, right?

[Haley Sachs (Ms. Dow Jones)]

Yeah.

[Michael Bostick]

And so when you do these reviews, I think people. My thing is people can do whatever they want and behave ever they want and earn, like, all that stuff. But you have to be realistic about your competition and what's going on. And you also, to your point earlier, have to be realistic about the position that the world's in. Right. Like, you know, during COVID it was really hard to find people. Really hard to hire.

[Haley Sachs (Ms. Dow Jones)]

Yeah.

[Michael Bostick]

Right now.

[Lauryn Evarts Bosstick]

Whatever.

[Michael Bostick]

Right now there's a lot of layoffs.

What investments.

[Lauryn Evarts Bosstick]

Let's get down to the brass tax.

[Michael Bostick]

Are really good investments that people wouldn't think. Like bags.

[Haley Sachs (Ms. Dow Jones)]

Well, I think I.

[Michael Bostick]

Please manipulate my husband.

[Haley Sachs (Ms. Dow Jones)]

I love this. Well, wait, can I add one thing on the negotiating thing?

[Michael Bostick]

Please?

[Haley Sachs (Ms. Dow Jones)]

There's another good thing to know when negotiating is your Batna, which is the best alternative to the negotiated agreement. So, like, if you go in and you're like, ooh, actually we can't do raises right now, then you can actually ask for, like, a higher. Or you could ask for more days at home. You could ask for a different title. You could ask for them to pay for your courses. You could ask for all these other things besides more money. Obviously, we want more money. And then I would say, if they say no, say, well, what do I have to do to get more money? And that's now your KPI. And if you then hit that KPI and they still aren't giving you a raise, then it's time to leave. But I don't forget about Batna, because there's other things that you can negotiate for besides just cash.

[Michael Bostick]

Really good tip.

[Haley Sachs (Ms. Dow Jones)]

Yeah, we need to hit the Batna, girl.

[Michael Bostick]

Really good tip. Yeah. Yeah, the batna. Batna.

[Haley Sachs (Ms. Dow Jones)]

Batna.

[Lauryn Evarts Bosstick]

Okay, so we need to talk about the bags.

[Haley Sachs (Ms. Dow Jones)]

Yeah, let's talk about bags.

[Michael Bostick]

Yeah, I'm happy to, like, talk about these, but I think for this, I think, like, you know, listen, when you start to get into alternate. Why I never, like, really get into, like, alternative investing on this show is I think there's probably people that are better and more experienced. Scott Galloway was on yesterday.

[Haley Sachs (Ms. Dow Jones)]

Love him.

[Michael Bostick]

He can talk about that better than I can, but I think foundational. What I realized doing this show for as long as like most people just don't have the basics. They don't understand how to set up the basic things that are going to set them up for success. And I couldn't agree more with you that like that first hundred thousand is so miserable. It's such a high, it is so stressful. But after that things become a lot easier.

[Haley Sachs (Ms. Dow Jones)]

100%. Yeah. I always say with your investment portfolio, like 90% of it should be super boring, low cost index funds, just like I, you want to have a fabulous life. You don't want to be average in your life. You don't want to have average hair or vacations or family or relationships or whatever. You, you want to live fabulously. But for my, or at least for me, I don't want to have an average life. But I want average investments. I'm like, please give me average. Because I think that the moment that you start to look for not average is when you get lost in the get rich quick, quick sand which then can lead you to actually losing a lot of money. That being said, I think that if you have an interest in something like say you are really interested in bags. Like, I love secondhand luxury handbags. I've taken trips to Japan, to Paris, to Milan to source rare bags. And I, I have not sold them because they're part of a collection. But when I run the numbers online, which I always do before I buy them, yes, they are valuable. That being said, are they liquid? No, they, I would have to find the right buyer to buy that bag. But I would only ever put 5 to 10% of my portfolio into those more risky investments like a crypto or Birkins or wine or whatever your pleasure is. And then I would keep the rest of it really simple.

[Michael Bostick]

I think that's important for people to hear you say because, you know, you read all these stories about somebody investing in a startup that goes to a billion dollars or you know, somebody invested in Facebook early.

[Haley Sachs (Ms. Dow Jones)]

Yeah.

[Michael Bostick]

But you hear very rarely about all the ones that go bust. And in my experience in those things, most of them, most of them go bust.

[Haley Sachs (Ms. Dow Jones)]

Yeah, yeah. You have to be able to never. That should be money that you're okay to say goodbye to. Like money that you're like, you know, the cost of doing business money, it's just like, you know, money that you could live without, but the other 90%, that's money that we want to hold on to and that we're growing. And you also don't even need to have that 5 to 10% of risk taking money. You could be 100% just in low cost index funds, keeping it average, looking for those 8 to 10% returns.

[Lauryn Evarts Bosstick]

So I was introduced to Vori through my trainer Sandy. She was wearing it all the time and what I found about it was it was so flattering on her body. So I decided to try it. I started with the Halo performance crop. It's the 2.0. I got it in black heather. They also have it in a heather gray. But I'm a big fan of the black heather and and I don't know what this top does, but it just flatters every facet of the body. I am so happy about this top and I'm so grateful for Sandy for showing me this brand. I also went and bought their leggings too and I feel like they just flatter your butts. Their pieces are lightweight, they're relaxed fit and they feature a four way performance stretch and you can totally feel this when you're working out. They just, just move with your body. They're really good for stretching and lounging. So what I'll do is I'll wear it to the gym and then sometimes I'll go home and just wear my Vori underneath a trench coat and go to the office. Really, really comfortable. Everything is designed to look beautiful beyond the gym. So if you want to run errands after or like I do, I go to the office sometimes I'll even podcast in my Vori. I'm a fan of the black. Right now I am in the mix of tightening up post baby. So the black is what I go for. But they have all different colors. Go to vuori.com skinny and discover the versatility of Vuori clothing. Not only will you receive $20 off your first purchase, but also enjoy free shipping on any US orders over 75 and free returns. That's 20 off your first [e-mail] skinny I am someone that has a bowl of meat every single day. I do not miss a day without my bowl of meat and I love ways to it feel fresh and new. And so I have been doing a burger bowl. So what I do is I take the meat and then I add Taylor Farms Avocado Ranch. It's like the best chop kit ever. So what I'll do is I'll add the chopped kit to my meat and then I'll put a little cheese, a little sliced tomatoes, some raw white onions, even some sliced jalapeno. I will add some thousand island dressing on top of it and it is delicious. I love Taylor Farms because they make it easy to get your bowl of meat or your salad together. There's so much variety. They have a sweet kale which sometimes I also mix in with my meat. They have a Caesar, they have a Mediterranean crunch. Everything is super fresh, crisp, delicious. I think it's such a good way to get in some fresh greens and be efficient with it because there's no chopping, there's no slicing and there's also not like leaving an old cabbage in your fridge. Everything is ready to go. So they have 28 chopped kits, they have 10 salad kits and six organic chopped kits. They also have nine mini chopped kits. So there's really something for everyone. You could use this to make a salad, you could add it to your bowl of meat, you could use it on a hamburger later, you could could give it to your kids. Sometimes I even mix greens into my kids muffins and trick them. A great healthy hack is Taylor Farms. If I can do it, you can too. Grab a Taylor Farms chop salad kit and get your salad together.

[Lauren Everts]

Quick break to talk about Primal Kitchen. Lauren and I love Primal Kitchen. Ever since discovering the brand years ago, we have not looked back. We use their condiments, we use their dressings, we use so many of their products. Did you know they also make an incredible pure avocado oil that is one of the best things that you can use for cooking in the kitchen. Whether you're sauteing, grilling, baking, air frying or marinating, this oil is pure, it's quality tested, it's never blended with other oils and it has a neutral flavor that lets your cooking really shine. One thing I love so much about the pure avocado oil is that it has a high smoke point. This high heat oil can stand up to any kitchen task. Like I said earlier, grilling, baking, sauteing, whatever it may be. And it's not going to get that burned feel or that burned taste. It's just going to let your food really shine and stand out so you can enjoy that home cooked meal. It's also versatile. You can use it for breakfast, lunch, dinner, and you never have to worry about what oil to use. So much time these days is spent wondering what's in the food that we're eating, what's in the ingredients, what's in the sauces, what's in the condiments. With Primal Kitchen you never have to worry about that because Primal Kitchen is made from real food, for real food. So check them out. They have such a wide assortment of products outside of their Pure avocado oil. They also have a great ketchup. They have great salad dressings. They have everything you need in the kitchen to make home cooked meals taste even better. It's easier than ever to find Primal Kitchen Pure Avocado Oil because it's now available at Walmart. You can find Primal Kitchen in Walmart stores or online at walmart.com and primalkitchen.com enjoy.

[Lauryn Evarts Bosstick]

Do you guys hear that? That's fresh. New Skinny Confidential Drop. Okay, this has been something that I have been working on for the last year, introducing face towels. Your skincare routine has been reimagined once again. There is no more using butthole towels on your face. There is no more using the towel that your boyfriend has used on his balls. You are going to be using the cleanest face towel on your face with no formaldehyde, no inks, no fragrances, no dyes, no bpa.

[Michael Bostick]

Okay?

[Lauryn Evarts Bosstick]

Our towels are so thoughtfully designed. They're vegan, they're cruelty free. Because your skin deserves the best. I, a long time ago wrote a blog post about how a lot of people are washing their face and then they're drying their face with the same towels that they're using on their body or they're using a towel that maybe has a bunch of, of, I don't know, detergent in it. So I wanted to create something that.

[Michael Bostick]

Was fresh to remove your makeup, to.

[Lauryn Evarts Bosstick]

Remove your oil without irritation. I wanted it to be buttery soft. I wanted it to be a hundred percent sustainable bamboo, silky soft. You never have to worry about buildup with these towels. It's just like a breath of fresh air for your face. So how I use them is two ways. The first way is I will cleanse my skin with an oil cleanser and then I'll exfoliate it. And I'll do this in the shower or in my sink. And then if I get out of the shower or I'm done with my sink, I'll take my towel and I'll pat it across my face and my neck to dry my skin off. My skin feels so much cleaner doing it with a facial towel than using some random towel that who knows where it's been. So if you want to support a healthy skin barrier and you want something really sensitive, especially if you have acne or you have hyperpigmentation, this has a really gentle texture. It's absolutely beautiful. I'm such a fan. I've been using them for a long time. I know you guys have maybe seen them in my Instagram stories. Each box includes 50 disposable face towels. And like I said, they're made from 100% sustainable bamboo. This is the travel size. It's like a little box that you can throw in your makeup bag, and then we also have the one that can sit on your vanity. It's a box that you want out. It's so cute. It's baby pink. And I should tell you, the towels are shaped like a doily, so that's fun, too. Go to shopskinnyconfidential.com to grab your face towels today.

[Michael Bostick]

When you get presented with decks. I'm sure you do all the time.

[Haley Sachs (Ms. Dow Jones)]

You guys do a lot of. You've been doing some investing in companies.

[Michael Bostick]

We do it, but, like, but we. But again, to your point, I do it either because. Or we do it because we're either very interested in the sector we're doing something for. You know, the greater. Like, if your media is doing something, like, maybe we're investing in one of.

[Lauren Everts]

The talents, businesses, and there's a greater.

[Michael Bostick]

We're doing it with dollars that we are completely at peace with parting with. Meaning, like, obviously, we don't want to lose them.

[Haley Sachs (Ms. Dow Jones)]

No, no, of course. But you. Your life will not change because of that. Yeah. Your future will not be affected.

[Michael Bostick]

And. And what I tell people is we've covered the basics first and the boring stuff. And, you know, you're not betting the farm on something that could go belly up tomorrow.

[Haley Sachs (Ms. Dow Jones)]

100.

[Michael Bostick]

I just think people need to hear that.

[Haley Sachs (Ms. Dow Jones)]

Oh, my gosh. Like, I was obsessed with. Or I still am obsessed with farmland. Like, I really. Because, like, Like, Bill Gates owns the most farmland in America. Like, I'm like, okay, land is like this amazing resource, like, land and water. I want to be investing in land and water. And so I did all of this research on farmland, and it's like, actually about. Like, it's not. Not an amazing investment. Like, it's like, okay, you're maybe gonna get, like, over time, like, 7% back. I mean, this is not as crazy as talking about, like, a Birkin where you see the crocodile burkit online that, you know, then goes for 300% more five years later. But what I'm saying is, like, but if I did invest in farmland, it would be the sort of thing where it would be with that 5 to 10% just because I'm passionate about it versus because I think that this is how I'm gonna really hit it big. And I also get really jealous of those headlines. Like, of course we all want to be early like, but I. That's like my biggest thing that I tease myself with. Like, oh my God, like 15 years ago, like, what would I have done if I knew if I go back in time now? Like, it's such a fun question, but it's also really annoying because it's like, like hindsight is 20 20.

[Michael Bostick]

What deck impresses you that comes across your email?

[Haley Sachs (Ms. Dow Jones)]

I think. Well, I'm always looking for financial services, right. Because it's like I really love what I do, which is connecting with people and helping them feel empowered with their financial literacy. And that is a, like more than a full time job. Like, I have a big team. Like, we're doing so much just to get the content out there. So, like, I don't really have the infrastructure in house to build the solutions that I think would really help people. So when I look at Dex, I'm looking at, is this a product that's going to solve a problem and make it a lot easier for people to be financially successful?

[Michael Bostick]

So that's what you invest in if it comes to like a creator or like a grassroot company?

[Haley Sachs (Ms. Dow Jones)]

Yeah, I mean, look, I would love to. Well, my worst investment was during the pandemic when I became obsessed with powdered coconut water because I was doing Tracy Anderson for like three hours a day and I was so dehydrated and you couldn't get coconut water anymore anywhere. So I became obsessed with Laird Hamilton's coconut water. And then I realized that it was a public company. Laird is public. And I was like, okay, I'm so freaking early on this, like, this is going to go to the moon. And I put all this money in it and it has gone to zero. And so no offense because I know on your network, but I love the product. But like there was an investment, it was not great, but I, I got lost in the sauce. Like, I sort of just, I did no research. I went completely with my gut and I gambled. And so, you know, it's also what I'm looking at with the deck is do you have the fundamentals? Because I have like, I'm the most impulsive like, like, you know, stars in my eyes person. So I have to ground myself with the systems that make it so I won't just throw away my money.

[Michael Bostick]

What, Tracy Anderson, three hours a day?

[Haley Sachs (Ms. Dow Jones)]

Well, I was very slow at it, Lauren. So would it say that the whole time, you know, it's, she's working really fast. It's like maybe you're pausing, you're, you know, getting a little water Nothing else to do.

[Michael Bostick]

I. I've never taken her class. Do I need to try her class?

[Haley Sachs (Ms. Dow Jones)]

I actually had to get knee surgery after doing that. So I would say I'm not the biggest proponent for it, but stick with the P ball.

[Michael Bostick]

What a review. Yes. Okay.

[Haley Sachs (Ms. Dow Jones)]

It was a whole. I crashed and I burned. I lost somebody, and I lost.

[Michael Bostick]

Is listening or watching. And. And they're. And they want to future proof their investments or they want to be a future rich person. They want to be a future rich person, and they don't want to stress later in life.

[Haley Sachs (Ms. Dow Jones)]

Yes.

[Michael Bostick]

What are the three things you're telling them?

[Haley Sachs (Ms. Dow Jones)]

Okay, one, you have to have a money date. Because, okay, like Rihanna. Rihanna was when she was 16. She was, you know, I think she was on her Ponder Replay tour. She was making so much money, and she was like one of those. She, you know, had no financial literacy, and I think felt like, okay, money is not for me. I'm gonna do what I'm really good at, which is making these boxes, props, and dancing and seeing my fans. And then, you know, I think someone at Roc Nation, which was her label, set her up with accountants, and she was like, cool, I can trust them. And so then. And she was never looking at anything. No bottom line. And then she got off of the tour and she tried to buy a house. She didn't have enough money for a house. And she was like, how do I not have enough money for a house? Like, I am Brianna. I've been on tour. I did a world tour. Like, this is crazy. And upon digging, realized that those accountants have been completely frauding her. Tax fraud, taking huge percentages, you know, the whole shebang. And, you know, happy ending now is a billionaire. But I guarantee you Rihanna signs her own checks. I guarantee you that having, you know that Brianna is having a money date, that she is keeping an eye on her bottom line. Because what you do not track will not progress. And what you do. And if you don't have an eye on your bottom line, someone else will. So, number one, it doesn't matter how rich you are or, you know, where you're starting from, you need to have systems in place where you're able to review your full financial picture.

[Michael Bostick]

Lauren, we're have a money date now. Sure.

[Haley Sachs (Ms. Dow Jones)]

And by the way, it's normal for it to suck.

[Michael Bostick]

No, no, I'll have a money. I think you're excited.

[Lauryn Evarts Bosstick]

I think that he's. You're being a little funny to me.

[Michael Bostick]

Because I have a money date every single month, twice a month.

You have A credit card review.

No, no, no, no, no. With my product line. I watch the money like a psycho with my team for an hour twice a month, and then I have a weekly money date.

I'm not going to put you on blast because we're going to. I'm going to get pinched and hit or something. I'm going to get attacked. Is true you won't hit me, but you'll pinch me?

[Haley Sachs (Ms. Dow Jones)]

Probably. I have.

[Michael Bostick]

That's the money dates I have.

But with a straight face with Ms. Dow Jones straight across from you, could you say that you're perfecting your money date right now with me?

Not. Okay, this is the truth, not the money date. I don't do a money date with Michael. I do one for my companies.

Where are our politics, by the way?

[Haley Sachs (Ms. Dow Jones)]

The companies are doing, by the way.

[Michael Bostick]

By the way. You could just like, you don't have to give too many deals. Where are our personal checking accounts?

[Haley Sachs (Ms. Dow Jones)]

Oh, you.

[Michael Bostick]

That's a problem, right?

[Haley Sachs (Ms. Dow Jones)]

Well, yeah, no, we are going to give me the information that when you die, Laura and I are going to.

[Michael Bostick]

Take home, but that is, we just.

[Lauren Everts]

Could do a money date to just.

[Michael Bostick]

Review where things are. Okay.

We're going to do a money date. I'm inspired.

[Haley Sachs (Ms. Dow Jones)]

Money date is good. And then the other thing is you need to invest. You got it. Like we talked about how, you know, 90% of the stock market is owned by the top 10% wealthiest people. That is what separates someone who is a future rich person versus not is someone who. And who can stop working eventually is you have your money working for you. So you need to buy assets.

[Michael Bostick]

I think it's so, like, important what you're talking about because again, like, money is a relationship. It's a huge stressor for people's life. If you, whether you like having, you know, reviewing money or not, like, it will affect you. And I think one of the things you touched on is many people that are good at earning money have told themselves that they don't like money or talking about money. So they just don't look at it ever.

[Haley Sachs (Ms. Dow Jones)]

Yeah.

[Michael Bostick]

And I think that could be very problematic.

[Haley Sachs (Ms. Dow Jones)]

Yeah. And it's like, you could be. It's like, you know, there's a famous janitor who died with like $8 million. And then you'll see, like, oh, someone who is earning so much money who dies with nothing because it's, you know, or has debt and it's all because just of financial management. Like, financial management actually matters, even like. Like, it's as important as how much you're earning. Like you can't you, you need a delta. You need to be making money. That's important. But you know, if you're not managing it correctly, then you're never going to get rich.

[Michael Bostick]

If someone wants to do a money date tomorrow, what's. Is there like a system exactly of how it should be run?

[Haley Sachs (Ms. Dow Jones)]

Absolutely. Okay, so the first thing is like know that it's okay to not want to do your money date. Like I do money date every month. And like sometimes it's like going to the gym. Sometimes I'm like, woo, I'm going to the gym. And then some days I'm like, are you to go to the gym? Like, I would rather do anything else, like procrastinating gym, whatever. But you have to put it in your calendar and actually stick to it. And this is a great place to like use community support. Like when I started doing my money date, I would do it with my best friend. If you have a partner, you could do it with them. Like, I think this is a really good thing to like tag team, you know, Even if you don't want to talk about your money with them, just sit and do with them. Then you're going to go through all of your bank statements, your credit card statements and your account balances and look through them. Like I said, this is a great place for AI so you could have it organize it to your needs and your wants and to your like future you fund so you can review that and then see like what is your, what story is your money telling you? Like what, what are you spending a lot on? What? And do you actually value that? Like, I think that was a lot too. But I noticed when I started to review my finances was I was like, like for I hate delivery sushi. Like, okay, so you guys have sugar. We have sugarfish now in New York too. Like that's a good one. They're not in my delivery zone. I'm in Brooklyn. But like, you know, most sushi delivery they'll get you like that's like gonna be like with fees, so much money and it's like it's never as good as just going to sit there. So like little things like that where I was like, or you know, subscriptions that you forget to cancel. Like Disney plus just got me and I, you know, emailed them two days later and they refunded it. But it's like you have to keep an eye on your finances. So you know, looking at those little things. I also think the money date is a great time to Return packages, you know, all those little things. Open your mail. So annoying to open your mail. This is your time to do it. And when are you going to do it? Otherwise, you're going to be like, wake up and be like, I want to open all these bills. No, you have that set time. And then if you get them throughout the month, put them aside, and then you can look at them there.

[Lauren Everts]

Lauren shovels all the mail, even her.

[Michael Bostick]

Mail, up into my office and leaves it all in a pile.

[Lauryn Evarts Bosstick]

No, what I do is I take. Take all the mail, even stuff to.

[Michael Bostick]

Me, and I put it on the stairs.

[Haley Sachs (Ms. Dow Jones)]

Yep, the mail is tough. The mail will get you.

[Michael Bostick]

I actually don't like opening envelopes.

Nobody does. So who's like, I can't wait, actually.

[Haley Sachs (Ms. Dow Jones)]

So true.

[Michael Bostick]

So that's why I put it on.

[Lauryn Evarts Bosstick]

I'll go through it with you, though, once a month. I'm.

[Michael Bostick]

I'm down to do that. A money date.

[Lauryn Evarts Bosstick]

But the money date.

[Michael Bostick]

The money date cannot be like, you bragging. Like, it's got to be like, it's got to be.

Okay, here's my.

[Haley Sachs (Ms. Dow Jones)]

And you can't shame her. Like, I think.

[Michael Bostick]

No, he doesn't shame me. Shame. No, there's no shame.

Here's the thing, I think for couples out there that share finances or working to build financial life, I think there's all. There's typically somebody who's further along. Yeah, right. Like, that's usually how it is. And I think it's a good idea as a couple to just like, sit and bond over that and. And do it in a calm way, because I think, again, in relationships, it's a huge stressor in relationships.

[Haley Sachs (Ms. Dow Jones)]

Oh, it's the number one thing that, like, people fight about. The number one reason for divorce. It's like, like, you know, and that's what drives me crazy, too, about, like, online content, where it's become this, like, really funny thing for. Or funny thing for people to make couples content about. Like, me asking, like, let. Like, let's prank my husband and I'll tell him that I paid the mortgage or like, you know, like.

[Michael Bostick]

You seen those yet?

[Haley Sachs (Ms. Dow Jones)]

Yeah, just like, these where women are, like, making fun of being, like, so financially reliant on the man and then sort of like, positioning themselves as, you know, so disconnected from the household finances that it's a joke. It's not funny.

[Michael Bostick]

No, and I don't think it's funny either. I think that this is one area of my life that I would love to, like, really get control over. I. I think we have A lot of issue. I don't. If someone was asking me, like, off or on air. I don't think we have issues with money. I don't find that we fight about.

Money in our marriage with ourselves, themselves.

No, there's no, like, there's no tension. I just would like to have a lot of control over it.

[Haley Sachs (Ms. Dow Jones)]

And then what would you, like, what would you do? Like, you just want to know, like, where everything is.

[Michael Bostick]

I don't want to be ignorant to it.

[Haley Sachs (Ms. Dow Jones)]

Yeah. I don't want you to be either. Yeah.

[Michael Bostick]

I want to know exactly.

[Haley Sachs (Ms. Dow Jones)]

Such an easy fix.

[Michael Bostick]

Yeah.

[Haley Sachs (Ms. Dow Jones)]

Like truly.

[Michael Bostick]

But it's, it's. It. I heard it's the number one reason for divorce.

[Haley Sachs (Ms. Dow Jones)]

Yeah.

[Michael Bostick]

Is financial issues in couples. And again, I think what we're talking about here is it's very like you. It's. You could figure this stuff out with a couple conversations and just getting people on the same page. And for couples, you would think that you want to do better together and you want to save and invest more. Because if you're into spending, it's going to create an opportunity for you to be able to spend even more in the future. Right.

[Haley Sachs (Ms. Dow Jones)]

But also, who you marry or who you partnered with is like the biggest financial decision that you will ever make in your whole life. Because, you know, in most states, when you marry someone, you're also marrying their debt, too. So if you're marrying someone who is coming in in a bad situation, and some people get married and they have no. That's why I think prenups are so important. Not even because, you know, one person has so much money and the other doesn't, you want to protect it. Yes, that's part of it in some situations, but it's also just a great way to go in with complete clarity about each other's financial situation. It forces you to sit down and, like, bottom line, your net worth. Say, here's everything that I'm working with. Here's everything you're working with. And you have complete clarity. You'd be so shocked at how many couples never do that. And then if you're not in the rhythm of talking about money, then, you know, it does become this thing where you start to resent people like I do. On Instagram, we'll put up a question box about financial secrets. So many of the financial secrets are about people hiding money from their spouse, people being really upset about how their spouse is spending. Like, just. It's really interesting. You could get ahead of it really easily just by, you know, communicating.

[Michael Bostick]

Should you sign A prenup?

[Haley Sachs (Ms. Dow Jones)]

Yes.

[Lauryn Evarts Bosstick]

Everyone.

[Haley Sachs (Ms. Dow Jones)]

Everyone doesn't matter.

[Michael Bostick]

So even if you go into the relationship with no money.

[Haley Sachs (Ms. Dow Jones)]

Yeah. Because you could earn a lot of money in it, first of all. But also, who you marry is not who you divorce. So you want to get on. Really. It's like, you wouldn't go into a business deal without having a term of contract. And if you don't have a prenup, then you're leaving it up to the state to decide if you got divorced, what's going to happen. So wouldn't you rather, like, write your own prenup? Yeah.

[Michael Bostick]

No. It makes total sense.

Well, I think sometimes what happens, though, is somebody will get with someone, man or woman, and one person is far along financially, the other may not. And then they're offended that the person wants them to sign a prenup because they want, you know.

[Haley Sachs (Ms. Dow Jones)]

But that's a red flag. Like, I love Kelly Bedsimone from Ronnie Real Housewives of New York when she was, like, engaged page to that guy, and she went on Ultimate Girls trip and was so excited about him, and then they were, like, gonna get married, and she pulled out because he wouldn't sign a prenup. And I was like, that's my girl. Because it is a red flag. I'm like.

[Michael Bostick]

Because he wouldn't sign.

[Haley Sachs (Ms. Dow Jones)]

He wouldn't sign it for her. Yeah. And she's like, you know, does all this real estate, whatever. It takes care of her daughters. Like, she's like, I'm not. I'm not doing this unless we have a prenup.

[Michael Bostick]

Yeah. On my second marriage, I would for sure have him sign a prenup. I would be like, you're signing this?

[Haley Sachs (Ms. Dow Jones)]

Yeah.

[Michael Bostick]

I totally agree with you.

[Haley Sachs (Ms. Dow Jones)]

Yes. You would need it for a second.

[Lauren Everts]

I would insist.

[Michael Bostick]

If it's your second marriage, I make sure, like, that flows down to our. Our heirs, our children.

[Haley Sachs (Ms. Dow Jones)]

That's true.

[Michael Bostick]

Can't have some scumbag coming in at the last minute and swooping up all the loot.

Where can everyone follow you to get financially strong?

[Haley Sachs (Ms. Dow Jones)]

Well, I just launched my podcast. It's called Financial Tea, and you can find it on all podcast platforms. So come join me there. I go through all of, like, the hot financial topics, and also I'm interviewing really interesting people, so. So it's a great way to just pop in earbuds and feel financially literate. And then I also have my book coming out.

[Michael Bostick]

Congratulations.

[Haley Sachs (Ms. Dow Jones)]

Thank you.

[Michael Bostick]

Tell us what it's called.

[Haley Sachs (Ms. Dow Jones)]

It's so cute. Future rich person. The New rules for building wealth. Even if you are stuck broke and that billionaire will not text you back.

[Michael Bostick]

Congratulations on the book, the podcast, Everything.

At Ms. Dow Jones on Instagram. Thank you so much for coming on the show, Haley.

[Haley Sachs (Ms. Dow Jones)]

That was so good.

[Michael Bostick]

I'll report back to you about the money date after. Oh, yeah, please.

I'm doing a money date. No, I really am doing a money date.

[Haley Sachs (Ms. Dow Jones)]

Space tag me after.

[Michael Bostick]

Well, I just got my money date on the calendar. Make sure it's in green.

[Haley Sachs (Ms. Dow Jones)]

Learn it, live it. Love it.

[Michael Bostick]

Thank you so much.

Thank you, Haley.

[Haley Sachs (Ms. Dow Jones)]

Stay rich. We love it.