People are weird about money, how they spend it, and how other people spend it. Some people have it nailed down, while others don’t know what the hell they are doing with it. Today Deb McCollum returns to the Self Love Breakfast Club, this time for a girlfriend chat on the topic of money. Deb introduces the topic by talking about how her new car and new apartment have incited reactions from other people that have made her question whether or not she is doing the right thing with her money. Deb and Chrystal chat about how their own experiences of being broke have informed their relationships with money, some of the societal conditioning associated with wealth, why women always second guess their financial decisions, and why we feel we have to justify our money goals. They talk about other people’s responses to their financial decisions and their feelings on other people’s financial decisions, including the moral implications of a Kardashian getting a new car versus Jeff Bezos building a rocket ship to space. They discuss the dangers of comparison, the importance of perspective, and why women should strive for wealth so they can change the world. Chrystal believes the subject of money has become more taboo than sex, so tune in today as we broach this tricky topic and all the things that make us uncomfortable about it.
Key Points From This Episode:
- Deb talks about her recent financial decisions and how they inspired this topic.
- Deb and Chrystal share their experiences of being broke and in debt.
- How buying a new car made Deb question whether or not she was doing the right thing with her money.
- Why Chrystal believes the subject of money has become more taboo than sex.
- Thoughts on the societal conditioning that if you’re rich you are a bad person.
- How being broke can become a part of someone’s identity and they can perpetuate it.
- How women often feel that they have to justify their financial goals.
- Why Chrystal believes women should strive to be rich to make the world a better place.
- How women often don’t feel worthy to make lots of money.
- Thoughts on ‘YOLO’ and enjoying your money while you’re alive.
- How and why people criticize other people for what they do with their money.
- Mirroring and what our jealousy of others indicates about ourselves.
- Thoughts on morality and money in light of Bezos’s rocket ship and the working conditions of Amazon employees.
- Whether or not it is the responsibility of billionaires to take care of the rest of the world.
- Feelings on business owners and coaches talking about how much money they make.
- The dangers of comparison and the importance of perspective
“Money has become more taboo than sex. It’s totally fine to talk about sex and even post about sex and stuff on the internet now, but if we’re talking about money?” — Chrystal Rose [05:54]
“I believe that we should be wanting to make a monster-fuck-ton of money. I think that women should absolutely want to and strive to be rich because we do those things when we have money. When we have money we give. That’s in our core.” — Chrystal Rose [08:44]
“For some women, and for me too at some point, I’m wondering if they don’t feel worthy enough to make the money. They’re like ‘What do you mean? I can’t do that. Who am I? Who do I think I am?’ Which is honestly what crossed my mind when I bought my car.” — Deb McCollum [09:41]
“Generally if there’s something that pisses us off about someone else, there’s either something inside of us that we haven’t made peace with, or there’s something that they’re doing or that they have that we want that we don’t believe we can have.” — Chrystal Rose [20:43]
“Money is just an amplifier. It doesn’t turn you, it doesn’t change you, it doesn’t make you a bad person, it amplifies what’s already there.” — Chrystal Rose [25:26]
Links Mentioned in Today’s Episode: