Money Rehab with Nicole Lapin - Using Cash to SAVE Money with Stephanie Ruhle

Episode Date: December 27, 2023

Cash as a tool for saving sounds counterintuitive, no? Just listen. Stephanie Ruhle is a GOAT in the broadcast journalism space. She is the Host of 11th Hour on MSNBC and Senior Business Analyst for NBC News, and just overall a big deal. Today, she shares a wealth of career and finance advice: how to advance your career using your specific strengths, her big career regret you can learn from, and, yes, how she has recently used cash to actually *save* money. Originally aired 2/21/23

I love hosting on Airbnb. It's a great way to bring in some extra cash. But I totally get it that it might sound overwhelming to start, or even too complicated, if, say, you want to put your summer home in Maine on Airbnb, but you live full-time in San Francisco and you can't go to Maine every time you need to change sheets for your guests or something like that. If thoughts like these have been holding you back, I have great news for you. Airbnb has launched a co-host network, which is a network of high quality local co-hosts with Airbnb experience that can take care of your home and your guests. Co-hosts can do what you don't have time for, like managing your reservations, messaging your guests, giving support at the property, or even create your listing for you.

I always want to line up a reservation for my house when I'm traveling for work, but sometimes I just don't get around to it because getting ready to travel always feels like a scramble, so I don't end up making time to make my house look guest-friendly. I guess that's the best way to put it. But I'm matching with a co-host so I can still make that extra cash while also making it easy on myself. Find a co-host at airbnb.com slash host. One of the most stressful periods of my life was when I was in credit card debt. I got to a point where I just knew that I had to get it under control for my financial future and also for my mental health. We've all hit a point where we've realized it was time to make some serious money moves. So take control of your finances by using a Chime checking account with features like no

maintenance fees, fee-free overdraft up to $200, or getting paid up to two days early with direct deposit. Learn more at Chime.com slash MNN. When you check out Chime, you'll see that you can overdraft up to $200 with no fees. If you're an OG listener, you know about my infamous $35 overdraft fee that I got from buying a $7 latte and how I am still very fired up about it. If I had Chime back then, that wouldn't even be a story. Make your fall finances a little greener by working toward your financial goals with Chime. Open your account in just two minutes at Chime.com slash MNN. That's Chime.com slash MNN. Chime feels like progress. Banking services and debit card provided by the Bancorp Bank N.A. or Stride Bank N.A. Members FDIC. SpotMe eligibility requirements and overdraft limits

apply. Boosts are available to eligible Chime members enrolled in SpotMe and are subject to monthly limits. Terms and conditions apply. Go to Chime.com slash disclosures for details. I'm Nicole Lappin, the only financial expert you don't need a dictionary to understand. It's time for some money rehab. My guest today, Stephanie Ruhle, is just the greatest of all time in the broadcast journalism space. She's the host of 11th Hour on MSNBC and senior business analyst for NBC News. Just overall, a really big deal. An amazing woman's woman, always. We worked together when I was at Bloomberg and when I was in New York recently to do Good Morning America, I met up with Steph. She is just a wealth of incredible career advice

from how to advance in your career, the skill set new workers need right now, and even how to navigate times where your career and life intersect. Stephanie Ruhl, welcome to Money Rehab. I'm so happy to see you. I'm so happy to see you. I'm happy to be with your brain, be with your body, be with your spirit. I adore you. I adore you back.

And when we started in this business 500 years ago, finance was not fun, sexy, and cool. But all of a sudden, it's like had a moment. It surely has. So you started on Wall Street. Back in the day, I remember the difference in the bathrooms. Like at the Merc, the women's bathroom was like a closet. And normally, the women's bathroom is more palatial. But the men's bathroom was palatial because there was like two women or three women on

the floor or something like that. When did you start? Gosh, I went to school never thinking I was going to end up on Wall Street, but I was studying abroad and I studied abroad two out of my four undergrad years. I was in Guatemala, Kenya and Italy. And I wanted to stay in Europe and I didn't have any money left. And so I thought, how am I going to get a job? Oh, they have banks all over the world. So I wrote letters to I went to Lehigh to, to Lehigh alumni, like, I would like a summer internship. And Merrill Lynch offered me a job in Switzerland. But before the summer started, the whole group quit. So there was no job. So they said, you can work in New York for the summer.

I was from New Jersey. I said, great, no sweat. So I went to go work at Merrill Lynch and I had this terrible like back office documentation job where I was just – I spent the entire summer in, like, a giant filing cabinet. But I had to make deliveries onto a trading floor. And a trading floor is much like a newsroom, right? The most exciting place, you know, football field, adrenaline-infused, exciting, fun. ballfield, adrenaline infused, exciting, fun. I didn't know what anyone there did for a living, but I met two guys, two nerds, awesome nerds, who traded interest rate derivatives. And I befriended them. And I said, if I like come in really early in the morning before my job starts, and then I come back late in the day when my job ends, would you guys teach me about this?

And they were like, yes, definitely. And so by the end of the summer, I still wasn't like, yeah, I want to do this. I want to be an interest rate derivatives. But I knew whatever this was, was for me. And I never felt, and I doubt you did either, I really didn't feel intimidated by the male-female thing. I felt intellectually intimidated, academically intimidated. But to me, I felt like I'm a rare bird here, right? Like this is an endless sea of fleece vests and khakis and dudes that all just took a train from Darien. Like there's not a lot of people that look and sound like me. So for me, I always took that as a net positive. An asset, not a liability. me, I always took that as a net positive. An asset, not a liability. Totally. Yeah. So I knew this is what I wanted to do. So I end up going to Credit Suisse right out of undergrad. My training

program was largely MBAs and people who went to schools they target, Ivy League schools. And at the end of my training program was a competition. And they basically gave you this giant textbook that's like the history of Credit Suisse. And in front of like a jury and about like 150 managing directors at Credit Suisse, each trainee had to do a presentation on the bank. And one person in the program did like had a giant whiteboard, there was practically smoke coming out of it, like deriving black shoals and blah, blah, blah, blah, blah, blah, quantitative analysis through deductive reasoning. You must do business with Credit Suisse, right? My presentation was like practically an America's Got Talent, like dance show with costumes and an extravaganza. And me and that guy both won it.

And I married him. Plot twist. I know. Isn't that crazy? Isn't that crazy? Yeah, totally crazy. And I didn't marry him until a few years later. But that's how we met.

Because when I was in the Credit Suisse training program, I was so overwhelmed and so stressed. I had no real finance background. I had no network, right? So like my husband, he went to Princeton and played lacrosse. So- He was like the pedigree. Like exactly the pedigree where like I assure you, there's no correlation between being a skilled investor and playing lacrosse, but what there is, is a real network, right? So he, while he was an undergrad, right? There were people that worked in that industry

calling him on the phone, telling him about it, saying, come spend a day with me, right? And then when we started at Credit Suisse and he set foot on a trading floor and I set foot on a trading floor, there was a whole network of guys that were like, come on over here. So for me, and this part's shameful and crafty, I realized really

early on, my only skill was that I was quick and I was a problem solver, right? Like nobody was calling me on the phone for investment advice. But I was surrounded by people who needed shit done quickly. It was when Time Out magazine was everything and Zagat was like a Bible. And I met and befriended every hot maitre d' and hostess in New York City. And all these guys would need to go out two, three nights a week. And I would book everybody's tables. But I would tell them, a girl has to be at dinner. Like, none of these hot restaurants are going to want to have a table of eight dudes.

I'm going to have to – like I'm so sorry. I can only get the table if I come. Genius. Like maybe that was even like the secret of my success that there I was two, three hours and I wasn't just somebody answering the phone to work two, three hours. Like there you are like learning from and getting to know the biggest investors in your asset class. And then it all just sort of built from there. But it's the reason I'm telling you this story is people look at Wall Street or they look at tech, they look at all sorts of

industries and think like, I have no edge or I didn't study engineering or I didn't study finance. Like you don't need to necessarily. You need to figure out where is there a hole and is there a way for you to fill it. And for me, my regret is that I was so focused on surviving or the hustle or managing imposter syndrome. That trifecta is so all-encompassing that I didn't spend at least two or three years that I should have just learning. Right? So for many, many people, when they enter an industry, you've got a grace period. You've got a period of time where they are not going to ask you to perform. They're not going to ask you to make money for the company. They're actually there to teach you. And I really regret and I wish I would have spent that time building my foundation. But that's a luxury.

You had to hustle. It is. No, no, no. I mean that's like trust fund problems. It is. But for lots of people who end up in competitive industries in training programs, I got ahead of myself that I was like I want to get out of this training program. Right? Like a training program is really a safety net. And I viewed a training program as like, yuck, those are training wheels.

I want to get these training wheels off. Like I want to be on the main stage, right? Because as long as I'm in this program, I'm like stuck, I'm bound by all these other trainees. And I want to fast track. And I just have so much regret over that because then I just spent my entire career in finance like using finance CliffsNotes. Or finding a lot of cool nerds to help you along the way. Yes.

But that's my point. Or like still being 10, 15 years into my career and like writing words down on a call that I don't know what they mean and then crawling under my desk and calling my husband going, yo, yo, yo, can you walk me through this? And like, yes, it's great that I'm crafty and I can figure that out, but I just wish I would have had the self-restraint or patience or know-how because always having to hustle, like being a hustler and having a good foundation is an awesome combination.

I just have a lot of regret over never not spending the time to build that foundation. And you're using the perfect word that it's a luxury. It's a luxury because if you're somebody who doesn't have a lot of money, who isn't quite sure how you're going to make rent, you feel like I got to make as much money as I can before I get kicked off this ride. Yeah, you over-index on the hustle because you have to. But that's because you don't believe that you deserve to be there. Or you just need to survive and you need to pay your bills.

Yes, but this goes to on my husband's lowest day or my lowest day, he may have thought I really effed up this time. I might get fired. But I guarantee he's never thought, do I deserve to be here? I'm not one of them. He's always believed he was one of them. And I don't begrudge him for it. I just want more people to be in the network.

Hold on to your wallets. Money Rehab will be right back. I love hosting on Airbnb. It's a great way to bring in some extra cash. But I totally get it that it might sound overwhelming to start, I love hosting on Airbnb. It's a great way to bring in some extra cash, but I totally get it that it might sound overwhelming to start or even too complicated if, say, you want to put your summer home in Maine on Airbnb, but you live full time in San Francisco and you can't go to Maine every time you need to change sheets for your guests or something like that. If thoughts like these have been holding you back, I have great news for you.

Airbnb has launched a co-host network, which is a network of high quality local co-hosts with Airbnb experience that can take care of your home and your guests. Co-hosts can do what you don't have time for, like managing your reservations, messaging your guests, giving support at the property, or even create your listing for you. I always want to line up a reservation for my house when I'm traveling for work, but sometimes I just don't get around to it because getting ready to travel always feels like a scramble, so I don't end up making time to make my house look guest-friendly. I guess that's the best way to put it. But I'm matching with a co-host so I can still make that extra cash while also making it easy on myself. Find a co-host at Airbnb.com slash host. One of the most stressful periods of my life was when

I was in credit card debt. I got to a point where I just knew that I had to get it under control for my financial future and also for my mental health. We've all hit a point where we've realized it was time to make some serious money moves. So take control of your finances by using a Chime checking account with features like no maintenance fees, fee-free overdraft up to $200, or getting paid up to two days early with direct deposit. Learn more at Chime.com slash MNN. When you check out Chime, you'll see that you can overdraft up to $200 with no fees. If you're an OG listener, you know about my infamous $35 overdraft fee that I got from buying a $7 latte and how I am still very fired up about it. If I had Chime back then,

that wouldn't even be a story. Make your fall finances a little greener by working toward your financial goals with Chime. Open your account in just two minutes at Chime.com slash MNN. That's Chime.com slash MNN. Chime. Feels like progress. the Bank Corp Bank N.A. or Stride Bank N.A., members FDIC. SpotMe eligibility requirements and overdraft limits apply. Boosts are available to eligible Chime members enrolled in SpotMe and are subject to monthly limits. Terms and conditions apply. Go to Chime.com slash disclosures for details. And now for some more money rehab.

I mean, trust me, there is still a huge element that kills me around sort of a mass portion of our population, especially women who are like, la, la, la, la, la. I don't get money. I don't get finance. And I'm personally over that. Right? Yes. I accept that there's no set curriculum financial education in private or public school. If you don't come from a family that teaches it, you don't have a base.

But we talked about that 10 years ago. We're past that. And for me, anyone who's like, I just don't really get money. Yeah, you do. Because I know you want to make more of it. I know you like to spend it. Why are you going to put yourself in a position where you interview for a job, you fight to get the biggest paycheck you can.

And then what, when that paycheck comes in, you, you, you care nothing about it. And I feel like in the last five years, especially supercharged by the pandemic, right? You saw so many people start to kind of take their power back a little more and more people want to get educated and excited. I think there's obviously some pitfalls around meme stock trading, around crypto. And to me, not that those things are good or bad, but for so many people, they're get-rich-quick schemes. Over the last 10 years, I have never been able to successfully explain what's the problem crypto is solving for.

successfully explain what's the problem crypto is solving for. And so I just say it from my own personal standpoint, I never covered it because I'm like, I don't get that one. And so it's always been alarming to me over the last few years, people just piling in and piling in. And trust me, I surely had fear of missing out during this period of time. I mean, when you look at some of these meme stocks and the way they move in one day, we made a documentary about it at NBC. But for every super success story, there is so much roadkill all along that path. That's a good way to say it. And I just want people who are now getting excited about finance to be aware of all that. Well, because there's such an impetus to get rich quick. Like, what's the shortcut?

What's the cheat code? There isn't one. There isn't one. Like, there really isn't one. The cheat code is there isn't one. Saving is the best thing you can do. As lame as it sounds, creating a budget for yourself. Like, you and I both know this.

When you think about your personal life, your romantic life, one of the greatest things to have, the most powerful thing to have is the ability to walk the hell away, right? Is to walk away from a man, is to walk away from a job. When you, and I realize I'm saying this as a privileged person who's always had white collar jobs, not always, but when you know you can pay your rent, right, when you know you have saved up three to six months of security, man, I deeply believe you'll be better at your job. You'll be better in relationships because that man or woman that you're with or that boss that you work for, if they know you're financially dependent, they will treat you significantly worse. Yeah. It's crazy how many women stay in abusive relationships because of money, because they don't think they can handle the money. That was part of

why I wrote my last book, Miss Independent, to find that independence from an abusive any relationship that you're going to have. Like have that fuck you money. It doesn't have to be a lot of money, but it can be money where you can support yourself. And a guy is not going to know more. I just think especially like our mother's generations, like women for years and years who just stayed in bad relationships because they couldn't find a way out financially. And even the thought of my kids might have to change schools, I might need to leave where I live. Staying in a bad job, staying in a bad relationship, you might survive, but you're never going to thrive. And I just want everyone to have the know-how and the tools to at least suffer their way out of it.

You've got to know where your money is, how your bills get paid, right? When people move to cities like LA or New York, like, come on now, you cannot just say, this is the prettiest apartment. You need to truly move to, before you move to that city, create a real budget for yourself, right?

And I just think gone are the days of like, let's just go out tonight and see where the night takes us. Like, I want you to go out tonight knowing that you can pay your bar tab. Not to say, hey, wouldn't it be great if somebody rolls up on you and says, I'm going to treat tonight? Yes. Consider that like you just hit a quick jackpot for the night. But that shouldn't be the way that you live. And especially when you think about disposable income, I love that COVID made all of us look a lot more closely at our disposable income, right? People looked at, like, how much am I spending on bars, restaurants? Nails.

Nails. That you couldn't go to. But you know what I mean? Just, like, disposable fast fashion clothes. And I think that people started, yes, they missed going out, but you really started to say, holy cow, how much do I spend? And now we come out of COVID and with inflation, now when you go out to dinner and you're like, I'm sorry, an entree costs what? Right? I mean, I have three kids.

Entree costs what? Right? I mean, I have three kids. So like when I just the other day, my son was came to see me at 30 Rock and I took him downstairs and I got him fried chicken fingers and they were $26. Stop. And I remember and I'm like, what? And I'm like, this will not be happening again. You probably got an air fryer over the pandemic.

Totally. And all my kids actually learned to cook and bake. Totally. And all my kids actually learned to cook and bake. But I just, COVID forced us to change our lifestyle. And for those of us who had jobs that we could keep and were getting paid through COVID, you actually started to see savings accrue, right? And months would pass and you could say, oh my God, you know, because you're not buying plane tickets and you're not going to concerts or shows.

And when you actually see that savings build and you're like, wait, maybe I could redo this kitchen. Maybe I can get a new refrigerator. It kind of forced us to be budgeters and I want us to keep that, right? It's like the plate of flash sales and credit card debt. Like nothing is, you're not buying anything on sale if you're not paying your credit card bill in full. Because when you get through interest and fees, those red leather pants you bought on a flash sale for 80 bucks instead of 200 end up being 350. And we need to keep hammering that message into ourselves and our friends and our sisters and our brothers because credit card debt will just bury you. Oh my God. I mean, I was in credit card debt.

That's a lot of why I do what I do because I figured out how to get out of it the hard way. And you can use that same – what I found is that same crazy force of compound interest that's so often used against you in the financial system. You can use that same force to your favor. Yes, 100%. So cool. How cool is that? But what is it – I don't know. I don't even think

it's intentional, but it's like there's a universe of people. There's a club of people that are like, I'm going to be the person who's going to handle money and I'm going to figure it out. And this other group of people say, nope, I'm not going to do that. Well, you're screwing yourself, right? This is the ugliest way to put it, but the person who controls the money ends up being the boss. True story. And why do you want to put yourself in that position? Yeah, and even founders or even people who start a business say, like, I'm the creative person. I'm going to find a finance person to do all the books and stuff.

You still need to know what's going on. That's your money. Yes. That's the best example. And it kills me because you have these extraordinary founders, extraordinary founders who are like, yeah, somebody else is going to do the money part. The money part is the gas in the engine. OK? Yes. You may have designed this car, but if there's no gas, it goes nowhere nowhere why are you just turning over the gas to someone else and paying attention to nothing like you didn't if you just wanted to be creative then you should have just gone to work for somebody else but if you decided to be a founder sorry sis sorry bro you need to figure out the finance end too yeah because it's a language like anything

else like the first time i heard ebita like it sounds like an std totally because it's a language like anything else. Like the first time I heard EBITDA, like it sounds like an STD. Totally. But it's a language. If you go to China and you don't speak Chinese, you're going to be really confused. If you go to Wall Street, you don't speak the language of money. You'll be really confused. I started on the floor of the Chicago Merc when I was 18. Everything sounded like gibberish to me. Until it didn't. But that's the case for every industry and every language, right? If you're a sports announcer, you wouldn't understand any of that. If you worked in fashion, but it's just this high barrier of entry that we think, I'm not going to get it. I just, I beg people for your own self, for your kids, for like, I want you to be able to manage your own finances because your wealth health is, I believe, truly part of your overall health.

Right? Like, you know, you said you're on credit card debt. You know when you're on credit card debt. You know when you're in a situation where a collections agent is calling you. It's so scary. It makes you physically sick. Yeah. Physically sick.

Totally. Right? You quickly walk by your mailbox in your building because you don't want to see it. Right? Nobody should live that way. Right? We know that there is a connection between your emotional health and your physical health. Financial health is a big, big part of that.

And understanding that I just think is so important. The anxiety. It's terrible. The stress. It's terrible. I mean, I remember not opening my credit report because I was like, I just rather not know. If I don't know, it's not going to hurt me. Ignorance is not bliss.

Yes. And that's totally not the case. But oftentimes we, with finances, I think, you know, not to get all stoicism on you, but like suffer more in imagination than in reality. And we think it's really hard and complicated and that it's going to be so bad. And what did I think? Why did I not open the credit score? Did I think like the feds were going to come and arrest me? Like, I don't know what I thought. I made up all these crazy stories. Think about all the people who just avoid literally paying their taxes. So a few, a month ago, I had Craig Melvin from the Today Show go on a cash diet with me.

And the funny thing is, for years, I've been telling other people to do it because it's a great way to understand how much money you spend, to start realizing where your money's going and start saving. But I've always been telling other people to do it. Because it's tangible. Because it's tangible, right? So take money out in cash or a prepaid card, maybe? Yes. So don't change your behavior, but spend – it can be a week, it can be a month.

Start with just a week. Only pay in cash. And one of the reasons I got really excited about this is my kids. You know, I, like so many other parents, are like, oh my gosh, it's great. We're cashless. Like, you know, they've got – they have Apple Pay and we just put a little bit of money – you know, we don't put a lot but we put a little bit of money in their account. And like they would come home from the convenience store and each of them have like four drinks

on them. And I'm like, four drinks? And two of those are bottles of water? You were coming home. What are you, crazy? You're not going to have any money left at the end of the week. And they had no awareness of how much things cost. And you can't parent your kids in a bubble, especially if other kids have lots of money to spend.

But if you or your offspring only have cash, it completely changes your behavior, right? Think about you might have yourself on a real budget, but you go out tonight with your girlfriends, you're going to buy another round of drinks. You don't feel like going home, you're going to be like, let's do shots. Let's buy shots for everybody. And you're going to blooper, right? And it's like swipe, swipe, swipe, feels free. And you're going to blink. Right? And it's like swipe, swipe, swipe. Okay. It feels free. And you're drunk. That is the best example. So pre-COVID, I definitely used Ubers, but I definitely took the subway and I definitely walked.

So I went on this cash diet. Multiple times over the course of this week, I had to get out of taxis 10 blocks too soon because I didn't have enough money on me. My daughter would be looking at me like, Ma, I don't even have a jacket on. I have ballet shoes. And I'm like, sorry, we don't have enough cash. You know, pre-COVID, Uber, Lyft, these ride share services cost less, right? That's when Uber especially was still deeply funded and subsidized by SoftBank. And now their prices have gotten a lot more expensive. Taxis have gotten more expensive. And throughout COVID, a lot of people stopped using public transportation because it wasn't safe. But we've kind of now just gotten to this groove.

I mean, I came out of this one weekend and I'm like, how much money did I just spend on nothing, on transportation around the city? And it's funny because both of my teenage sons are like avid New York City bus users. And I'm always amazed. They're like, crosstown, uptown, downtown. And they're like, yep, just takes one swipe. But when you start spending only in cash, you really see where your money goes in a big way. Some mall stores, fast fashion stores, the J.Crews, the Banana Republics of the world, we've all become addicted to sale shopping, right? When we walk into those stores, we see clothes we like, we very rarely pay full price because we know they're going to go on sale. But we're like, oh, it's on sale. So it must be free. But if you only have cash in your pocket, right? So when you walk into

a store and that blouse started at $198 and now it's $68, you're like, oh my gosh, great. But if you were spending cash and you open your wallet, you're like, $68? I still need to get lunch and I have to get home. It really changes your behavior. And so this sort of goes back to just using that credit card. It's great to have the ability to use credit cards. It's great to know how to use them to your advantage and get the points and the benefits, but they are so, so dangerous. They just put us in a position, right? Think about all of our Amazon accounts, right? Click, click, click, click, click. One click. And then, you know, even during COVID, right, that Amazon box showing up on your front door, that delivery from Etsy was the adrenaline rush that you used to get from going out and going shopping.

It was almost like a surprise gift for yourself. Those things add up. Well, because you know these tech companies know the science behind like a dopamine cage match that they get you in. A hundred percent. And so you become addicted. And when you have cash, the cash is gone. The party is over. But you can also like for practicality use a prepaid card or something like that. Like during COVID you couldn cash, the cash is gone. The party is over. But you can also, like for practicality, use a prepaid card or something like that.

Like during COVID, you couldn't use actual cash. But I just mean if you limit the amount of money you have access to, it will change your behavior. Or it will make you far more aware of where all that money is going. So how long do you say do that? I think people should do it for as long as they can. that? I think people should do it for as long as they can. I mean, I did it for a week and I was so embarrassed that this is something I've been pushing people to do for years. And then like the teacher failed the exam. It was like I was a driver's ed teacher who got behind the wheel and couldn't do a three-point turn. What was that like Rogaine commercial?

Like I'm not only am I the founder, but I'm also a customer. Yes. Hair club for men. Yes, that's right. I'm not just a founder. I'm a customer too. No, that was me on the cash diet. Man, I just learned valuable lessons about where I spend money every day. And what did you end up changing after that? The first thing I did was transportation. I just got myself in a groove of everywhere I went I'm like uber uber uber uber if I said to you 10 years ago Nicole you're going to have a private driver everywhere you go you'd be like girl but that's how many people especially in urban centers in in a covid

world it's kind of and again I realize this is a very privileged conversation um it's kind of, and again, I realize this is a very privileged conversation. It's kind of where we ended up. So I'm giving my example of my like, hold the heck on a minute. We're going to reign this in. But I think all sorts of people in different financial brackets, when you go all cash,

you just start to see where that money's going. We end the show with a tip you can take straight to the bank. I bet you have a thousand, but what's your favorite? Mind your own business. Mind your own business. Keep your eye on the ball in terms of your career and your finances, right? This goes to you not wanting to open your mail, right? You can't stop opening your mail, girl. You have to mind your business. so in your own sense manage your own household don't ignore things and think Prince Charming is

gonna sweep you away but also mind your own business stop counting other people's money stop looking at somebody else's career somebody else's life somebody else's kids somebody else's relationship mind your own business double entendre is always my favorite mind your own business. Stubble entendre is always my favorite. Mind your own business, like mind your actual business, your finances and your career and then like stop comparing yourself. You have no idea what path somebody else is walking. You don't, right?

They might be way more talented than you are, A. B, they might have an unbelievable sponsor or a hookup in the company that you just don't have and you're never going to get. Or C. You're right. They are a total fraud and they're going to blow themselves up. So let them do that on their own and you don't need to help bury them. Don't spend any of your time acting on spite. Mind your own business. I love you.

I love you. You're the best. Thank you for having me. Money Rehab is a production of Money News Network. I'm your host, Nicole Lappin. Money Rehab's executive producer is Morgan LeVoy. Our researcher is Emily Holmes. Do you need some money rehab? And let's be honest, we all do. So email us your money questions, moneyrehab at moneynewsnetwork.com to potentially have your questions answered on the show or even have a one-on-one intervention with me. And follow us on Instagram at Money News and TikTok

at Money News Network for exclusive video content. And lastly, thank you. No, seriously, thank you. Thank you for listening and for investing in yourself, which is the most important investment you can make.