Welcome back to Jewish Latin Princess Podcast! Do you sometimes feel like you have money coma and have no clue what in the world is happening with your money? Perhaps you want to give to a cause that is really meaningful to you, or to a family who really needs it, but you don’t even know if you can! (Even though you’re making six figures or more!) You don’t know if you have enough saved for retirement and to support the lifestyle you value later in life? Enter our guest today, Amanda Steinberg. Amanda was a successful computer programmer, earning six figures, but she had built such an expensive life that even her best attempts at saving and investing were wiped out by life’s unexpected complications.
Frustrated by her inability to build net worth, she launched DailyWorth a newsletter reaches more than 1 million subscribers. In 2015, she started a digital investing service, WorthFM, which received front-page coverage in The New York Times Business section and is revolutionary because it addresses women and the way they think and relate to money. Oprah selected Amanda to the exclusive SuperSoul 100, and Forbes named her one of 21 New American Money Masters. Amanda has also appeared on GMA, Today, CNN, and MSNBC. She’s also the author of Worth It: Your Life, Your Money, Your Terms, released in February 2017. In her book Amanda flips the paradigm on “financial advice” for women and delivers it in fresh, unexpected ways.
Amanda and I talk about what WorthFM does differently from other digital investment platforms. We talk about the principles of her book, which while take into account traditional financial advice, frame that in an entirely new way, and in my opinion, one that is very much needed and makes money management much more approachable. We talk about our money types as Amanda developed a test which you can find on moneytype.me and why it’s important to know our money types. We talk about the way to break down what Amanda calls, save, sustain and spend as well as value based spending. And to all the romantics out there you’ll love the unexpected twist that Amanda’s sweetest, fondest Jewish memory has. I’m a big fan of Amanda’s work and I’m happy I could bring her to you today. Here’s Amanda Steinberg!