Podcast Summary: Trading Secrets - Episode 214: Lindsay Hubbard

Introduction

In Episode 214 of Trading Secrets, host Jason Tartick welcomes Lindsay Hubbard, a prominent figure transitioning from a career in public relations (PR) to becoming a lead cast member on Bravo’s reality series Summer House. The episode delves into Lindsay's multifaceted career, her insights on financial management, social media influencing, real estate ventures, and her personal journey towards motherhood. Throughout the conversation, Lindsay shares invaluable "trading secrets" that offer listeners actionable advice on earning more, spending wisely, and making informed investment decisions.

Career Transition: From PR to Reality TV

Lindsay Hubbard provides an in-depth look into her career evolution. Starting in PR, she highlights the financial challenges she faced, including $30,000 in student loan debt when she began Summer House in 2016. Reflecting on her early PR days, Lindsay notes:

“Back in 2016 when we started filming, I was still like $30,000 in debt of student loans. PR does not make any money. I was like, why would I choose a career that just does not make any money?” [11:00]

She explains how owning her boutique PR firm allowed her to increase her income significantly, eventually earning $100,000 annually by the time Summer House premiered. This financial boost enabled her to pay off her student loans and invest in other ventures.

Financial Insights: Managing and Growing Wealth

Lindsay shares her strategies for financial growth and management. She emphasizes the importance of leveraging multiple income streams, such as PR, reality TV earnings, and social media influences. When asked about her clients in PR, she states:

“Most of my clients were hospitality accounts, so restaurants, lounges, bars, clubs, hotels... My lowest retainer was around $4 to $5,000, and the highest was probably $6 or $7,000.” [15:35]

Lindsay’s ability to diversify her income sources demonstrates her keen understanding of financial stability and growth, providing listeners with a blueprint for managing and expanding their own finances.

Social Media Influencing: Building a Brand

Transitioning to social media, Lindsay discusses the gradual growth of her online presence. She highlights how the COVID-19 pandemic in 2020 served as a catalyst for her social media growth, leading to increased brand collaborations:

“COVID Pandemic Times was like really the jump where people were like, you know, transitioning to social media and social and brand campaigns because everyone's at home.” [25:18]

By 2020, Lindsay’s social media income surpassed her PR earnings, showcasing the potential of digital influence as a lucrative career path. She underscores the importance of authenticity and adaptability in maintaining and growing an online following.

Reality TV Experiences: Insights into Summer House

Lindsay provides a behind-the-scenes perspective on Summer House, describing the organic and unproduced nature of the show:

“Our producers take a very, like, hands-off approach because it really should be organic and it should be like, my true feelings.” [20:51]

She contrasts Summer House with other reality shows, noting the absence of overproduction and the focus on genuine interactions. This authenticity not only makes the show appealing but also allows cast members like Lindsay to stay true to themselves, fostering long-term career sustainability.

Real Estate Ventures: Investing in Nashville

A significant portion of the discussion focuses on Lindsay’s foray into real estate in Nashville, Tennessee. She details her strategic investment in property, turning her Nashville house into an Airbnb rental:

“I was able to pay off my mortgage and then also dedicate a certain amount of money to my New York City rent. Because I'm still in that apartment, I supplement some of that rent from Nashville.” [40:02]

Lindsay explains the financial calculations behind her investment, ensuring that her Airbnb rental is cash-flow positive. This venture exemplifies her ability to diversify her income and make smart investment decisions that support her financial goals.

Negotiation Tips: Empowering Women in Business

Lindsay shares her expertise in negotiations, offering actionable advice particularly aimed at women in business:

“Do market research first and foremost... Not being afraid to walk away... Have confidence in your negotiations.” [31:54]

Drawing from her experiences in a male-dominated PR industry, Lindsay emphasizes the importance of self-worth and confidence. She advises women to understand their value, research market standards, and confidently negotiate terms that reflect their contributions and worth.

Personal Life and Motherhood: Balancing Career and Family

Towards the episode's conclusion, Lindsay opens up about her personal life, including her recent breakup and impending motherhood. She discusses the impact of these changes on her career and financial plans:

“I just think in general, I always operated solo. After my breakup, two months later, I was in Nashville looking at houses and, you know, that whole process went quicker. I don't think I would have done that in that relationship.” [37:33]

Lindsay candidly shares her decision not to feel pressured into traditional milestones like marriage, instead focusing on what feels right for her and her family. This authenticity resonates with listeners, providing a relatable narrative on navigating personal changes while managing a successful career.

Trading Secrets: Trust Your Gut and Say No

In line with the podcast’s theme, Lindsay imparts two essential trading secrets derived from her life and career experiences:

1. Trust Your Gut:

   “Follow your gut in anything and everything that you do, and especially in your career... Truly, the times that I've gone wrong were the times that I did not trust my gut.” [48:35]

2. Don’t Be Afraid to Say No:

   “Just don’t be afraid to say no... Your integrity alone and self-respect and self-worth.” [49:04]

These principles highlight the importance of intuition and maintaining personal boundaries, guiding listeners to make decisions that align with their values and long-term goals.

Conclusion

Episode 214 of Trading Secrets offers a comprehensive exploration of Lindsay Hubbard’s journey from PR to reality TV, enriched with practical financial advice and personal insights. Lindsay’s ability to adapt, diversify her income streams, and maintain authenticity serves as an inspiring blueprint for listeners aiming to navigate the complexities of financial and career growth. The episode concludes with heartfelt congratulations to Lindsay on the birth of her daughter, Gemma Britt, underscoring the personal triumphs that complement her professional achievements.

Notable Quotes:

• Lindsay on PR earnings:

  “Back in 2016 when we started filming, I was still like $30,000 in debt of student loans. PR does not make any money.” [11:00]

• Lindsay on social media growth:

  “COVID Pandemic Times was like really the jump where people were like, you know, transitioning to social media and social and brand campaigns because everyone's at home.” [25:18]

• Lindsay on Trusting Your Gut:

  “Follow your gut in anything and everything that you do, and especially in your career.” [48:35]

• Lindsay on Negotiation Tips:

  “Do market research first and foremost... Not being afraid to walk away... Have confidence in your negotiations.” [31:54]

Resources and Connections:

• Lindsay Hubbard:
  • Instagram: @LynnsHubs
  • Nashville Real Estate: hubhousenashville.com (Note: Spelled with two 'B's)

Final Thoughts:

Lindsay Hubbard’s episode on Trading Secrets is a treasure trove of insights for anyone looking to enhance their financial acumen, build a resilient career, and balance personal life with professional ambitions. Her journey underscores the power of adaptability, strategic planning, and unwavering self-belief in achieving success.