Financial Firsts

11/29/19 - Even as an adult, big decisions that involve money can provoke anxiety, uncertainty and seem so far away and inaccessible. In this episode, we demystify two big adult money moves: buying a home and investing money. Real estate agent Aiesha Bailey Mannle and financial expert Paco de Leon help guide us.

Transcript below.

Listen on Apple Podcasts | Stitcher | Overcast | Pocket Casts | Spotify.

Producer: Gina Delvac

Hosts: Aminatou Sow & Ann Friedman

Theme song: Call Your Girlfriend by Robyn

Composer: Carolyn Pennypacker Riggs.

Associate Producer: Jordan Bailey

Visual Creative Director: Kenesha Sneed

Merch Director: Caroline Knowles

Editorial Assistant: Laura Bertocci

Design Assistant: Brijae Morris

Ad sales: Midroll

Photo credit: AAG (cc by-sa)

Real Estate

Aiesha Bailey Mannle real estate

Aiesha’s tips:

contact your lender to see what kind of loan you qualify for

make sure you’re on the same page as your real estate agent

spend some time considering your emotions and assumptions about where you’ll live

think about where your friends live if you’re looking to buy in a further neighborhood

consider income-earning housing like a duplex

Investing

Paco’s newsletter

Financial education course

If you have an employer-sponsored 401k or 403b you can contact your plan representative to learn about your options

Traditional brokerage firms include: Vanguard, Schwab, Fidelity

Robo-investing companies include: Aspiration, Betterment, Wealthfront

Compounding interest is your friend

It’s worth it to start saving once you have your emergency fund (3-6 months of cash) and retirement in progress, even if you can only put away $5 per month

We say goodbye, in the final episode of Call Your Girlfriend. In typical fashion, we're going out talking about how friends have been helping us get through the pandemic, the never-ending furor over Joe Rogan, and what podcasts we're loving. If you're looking to subscribe to something new, check out Do You Know Mordechai, Sweet Bobby, and Like a Virgin. Plus, what we're going to do next, and some of your voicemails.

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