Lauren Torres ("Kitty"), Author at Bitches Get Riches • Page 3 of 23

Life Insurance: Responsible Investment or Waste of Money?

September 27, 2023September 27, 2023 Lauren Torres ("Kitty") 7 Comments

I didn’t understand anything about life insurance until I was in my late twenties. I’d just started a small blog with a friend (you wouldn’t have heard of it), and it was unclear how many people were reading it. Until one day, when a shocking email arrived in our inbox. A company wanted to give us money to recommend a product.

The product was life insurance.

Jess (that’s Piggy to the uninitiated) and I regarded this offer with the confused-yet-intrigued energy of hungry fish watching a worm wriggle on a hook. Obviously we hadn’t had the audacity to make a preemptive affiliate marketing policy. Life insurance sounded like the kind of thing responsible adults should have, right? And it would be cool to offset the cost of running the site, wouldn’t it? We agreed to take a few days and devote our shower thoughts to the idea.

Like many a wise rainbow trout, we decided against the hook. No matter who you are, easy money is always a fat and juicy temptation. But we agreed we’d rather run the blog at a loss than sell random crap to our readers. Happy with this decision, we sat down to our inbox to find two more unsolicited affiliate offers.

These products were also life insurance.

In the years since, they’ve never stopped coming. We get a new one at least once a month. Now, we have the experience to understand why life insurance companies are so eager to pay bloggers to rep their stuff. Today, we’ll permanently burn that bridge by explaining how it works—and why we think most life insurance isn’t worth it for the majority of our readers.

If Your Employer Refuses To Negotiate Salary, Try These 11 Creative Counteroffers

August 30, 2023January 3, 2024 Lauren Torres ("Kitty") 5 Comments

Have you ever gotten yourself all hyped-up and battle-ready to ask for more money—only to learn your employer REFUSES to negotiate salary?

This happened to me when I was a young professional. I went for a role at a company that tied its job offers to intelligence test scores. (This is not a normal or cool thing to ask, by the way. It’s elitist, ableist, racist, irrelevant, and indicative of really bad leadership. Alas that I was young, dumb, and living on breadcrumb…s.) The recruiter warned me in advance that this employer refused to negotiate salary beyond their initial offer.

Now, the joke was on them! I’m one of those people who needs to make an L-shape with her fingers to tell left from right. And once hired, I’m about as biddable as Spirit, Stallion of the Cimarron. But if you put a test in front of me, I’m gonna destroy it. So by their own stupid system, they were forced to offer me an absurdly high sum. My salary doubled overnight. Although I hated that job and left after six months, it was the best job transition I’ve ever made.

All of which is to say: if a potential employer refuses to negotiate salary, it doesn’t mean that their offer is bad. Internal policies far more benign than the one I just described dictate salary offers. Some employers have a strict system for salaries based on tenure, experience, performance, or job title. Others must adhere to government guidelines or union rules regarding fair salaries.

It also doesn’t mean that the conversation is over. You can ask for so much more than money! When an employer refuses to negotiate salary, they’re giving you leverage to ask for other things. Today, I’ll give you a few ideas for creative counteroffers that will make your life better and sweeten any job transition. Even better, I’ll suggest some simple scripts you can follow to maximize your chances that they’ll say “yes.”

When It Comes to Salary Negotiations, Are You Asking for Enough?

August 22, 2023November 10, 2023 Lauren Torres ("Kitty") 12 Comments

“Oh god, oh god, the hiring manager just asked me about my salary requirements” is a text I’ve gotten a dozen times from friends and coworkers over the years. For a young professional, it’s usually the most fraught moment in the entire hiring process.

And for good reason! How you handle salary negotiations has enormous financial consequences. The right answer can catapult you forward… and the wrong one can set you back years.

How do you know that the number you’re asking for is within the right salary range? And how do you start off on the right foot while negotiate your starting salary? Fear not, my children, for we are here with some tips that will help you make sure you’re not selling yourself short.

Join Us for “Burning the Bootstrap Mentality” at the 2023 Plutus Impact Summit

August 16, 2023August 16, 2023 Lauren Torres ("Kitty") 3 Comments

Kitty will be speaking at the Plutus Impact Summit on September 21-22, 2023. Sign up to attend here!

I have a confession. Piggy and I have been doing a lot of speaking in the past year. But you haven’t seen it, because they’ve been private events and conferences. This reveals a hypocrisy at the core of Bitches Get Riches. We pretend to be women of integrity and bravery, and yap on and on about inclusivity n’ shit, but the cold facts are these:

We’re too cowardly to ask for a +10,000 on those invites.
We wanted to minimize competition over drink tickets and/or cheese boards. Excuse me. I woke up early and brushed my hair. Those Bud Lights and sweating cubes of cheddar on a toothpick are obviously MINE.

But all of that is going to change! Because I’ll be speaking at the Plutus Impact Summit, and you can come too!*

It’s a virtual event running on the afternoons of Thursday and Friday, September 21 and 22. Tickets are dirt cheap, and the first 150 people to register will get a free copy of keynote speaker Farnoosh Torabi’s latest book, A Healthy State of Panic.

The Plutus Foundation is one of our very favorite organizations. They’re a nonprofit dedicated to the financial education of everyone—emphasis on the everyone. Honestly, they’ve done more than anyone we know to spotlight diverse new voices within the personal finance space. They’ve consistently rejected the traditional “suck it up, anyone can do it if they buy apartment buildings instead of food” bullshit we so loathe, and challenged the community to dig deeper and do better.

Given that, it’s no surprise they asked me to join a session called Burning the Bootstrap Mentality alongside Rich Jones and Kevin Payne. LORD, send us MILK, for this panel is going to be SPICY, and I cannot WAIT!

You can see the full agenda here. All of this year’s speakers are undeniably incredible. The lineup includes many of the people we love best and respect most. We’ll plant our lovely asses in the audience for every session. And if the topics interest you too, we hope you’ll join us!

Join us at the 2023 Plutus Impact Summit

*Tragically, because this is a virtual event, you will have to provide your own Heinekens and crudités + elegant tub of ranch dressing.

How Abusive Workplaces Mirror Abusive Relationships

July 26, 2023March 28, 2024 Lauren Torres ("Kitty") 17 Comments

Note: Today’s discussion is about abusive workplaces, abusive relationships, and the common ground between the two. We will talk about high-control relationship models, power imbalances, and manipulation tactics. But we’re not telling any harrowing first-person stories, nor talking about physical or sexual violence. If those are topics you need help navigating, we have an article dedicated to workplace sexual harassment, and another on intimate partner financial abuse.

Earlier this year, Piggy and I delivered a speech on the subject of burnout. That there’s an appetite for advice on this subject among women’s professional associations will, perhaps, not shock you?

As I was researching the impact that burnout has on the body, I got an eerie feeling that the symptoms seemed familiar. I wondered if I’d already written something on this topic and forgotten. (We’ve written several hundred articles apiece, so it happens!)

But no! What was tripping my extremely faulty memory triggers wasn’t a past article about burnout.

It was a past article on domestic violence.

This really got me thinking about all the stories I’ve heard from you, our readers, about burnout. And I started noticing disturbing patterns in the ways those stories were told. As a result, I’ve come to a stronger opinion about the overlap between the psychology of abusive workplaces and abusive relationships.

… Which is that they’re functionally identical.

Our Final Word on Student Loan Forgiveness

July 12, 2023July 12, 2023 Lauren Torres ("Kitty") 4 Comments

I’m boldly labeling today’s post our final update on student loan forgiveness in America.

Yes, I could seal the deal by titling it “Final FINAL Update On Student Loan Forgiveness V2_2.” But that feels unnecessary. It’s implied.

We’ve written a lot about student loan forgiveness. As a campaign promise, we loved it, but had zero faith it would ever happen. When the pandemic hit and it improbably grew legs, we were shocked and elated—though still skittish. After all, it had been so long since we had unreservedly great news to share with our readers. Like a houseplant that’s been given too little water, too much water, too little sunlight, or too much sunlight, the politically optimistic part of our brains withered and turned brown years ago!

Even as the policy details came out and the application for student loan forgiveness went live, we kept nervously casting about for the cameras recording our joy for a cruel prank show.

And sure enough, we stand before you today, picking banana cream pie out of our hair.

Your Super Simple Guide to COBRA Health Insurance

June 14, 2023March 7, 2024 Lauren Torres ("Kitty") 9 Comments

It’s really hard to fully understand what COBRA is and how it works. It’s a strange but potentially useful little product—but you’re only eligible for it if your life is already in a state of chaos. I don’t know about you, but I’m not great at absorbing complex new information when I am flying through the sky like Adrien Brody in the opening sequence of Predators!

COBRA is a very specific type of health insurance coverage. You can get it in only one circumstance: when you leave a job that has employer-provided health insurance. It’s meant to help you bridge the gap between when your old insurance coverage expires and the new coverage kicks in.

And honestly? Thank god.

If I’m under a fantastic health insurance plan from January 1 to December 30, my ass will be immaculately healthy for all 364 of those days. Then on New Years Eve, I will accidentally drop a bottle of sparkling wine that cannot legally be called champagne. I will twist both ankles as I log-roll over it, windmilling my arms comically while shouting “w-w-woah!” Then I will tumble ass-over teakettle down a staircase, landing on a bed of spikes, and all my prions will simultaneously fold the wrong way.

My body, the day I'm not covered by COBRA.

Like, I’m not superstitious. I’ve just lived long enough to know that’s literally how the world works. The moment you don’t have health insurance coverage, something spectacularly bad is bound to happen.

Which is exactly where COBRA comes in!

“Independent Contractor” My Ass: How to Stop Wage Theft Through Worker Misclassification

June 1, 2023June 4, 2023 Lauren Torres ("Kitty") 11 Comments

Every year, wage theft robs millions of American workers of billions of dollars—and worker misclassification is one of its most widespread, evil forms.

There are crystal-clear guidelines on the difference between independent contractors and employees. And a lot of employers steal from their workers by ignoring them. Today, I’m going to break the differences down for you. See if you recognize yourself, a friend, or a family member in these wage-theft-vulnerable positions.

If you are in a misclassification situation, your employer has stolen your wages. But there’s good news! You have recourse to get my two favorite things: money and justice! You can seek tax reimbursements, backpay, unpaid overtime, worker’s compensation benefits, and more for the years you were misclassified. And you can report your exploitative employer and get them into a wet mess of trouble.

Not to toot my own horn, but did you notice how I managed to say “misclassification situation” and not follow it with “truly an inspiration, it’ll be a sensation, we’ll have a Dalmatian plantation?”

And did you further notice that I didn’t go on a secondary digression about how Anita from 101 Dalmatians can absolutely get it? Yeah, that’s because I’m a professional. I’m on-topic as shit. Plus, it’s not really even debatable…

If you say she's not a babe, that's some worker misclassification right there.

Note: Sorry, international readers! We’re talking exclusively about American labor law today. Go grab a non-cheeseburger food item of your choice and come back next week.

The FIRE Movement, Explained

May 10, 2023May 11, 2023 Lauren Torres ("Kitty") 17 Comments

Am I really writing about the FIRE movement? Seven years into running what is, ostensibly, a FIRE movement blog? Why yes, I am!

We’ve published over 400 articles for Bitches Get Riches. It’s possible that one day we’ll stop because we’ve run out of things to say. But today ain’t that day.

A day may come when I'm over the FIRE movement. But it is not this day!

Today, I’m explaining a concept so important to us—so central and foundational to every aspect of our lives—that we forgot to write about it. For years.

What can I say? It’s peak me! When a friend comes to visit, I often meet them at the threshold, drag them inside, thrust food into their hands, and press them to name their favorite title card from the original Batman: the Animated Series before I remember to actually, y’know, greet them. A tiny minority of people find this blunderbuss communication style charming. I’m grateful to them! I collect them! And if you’re still reading our blog after such a glaring long-term omission, congratulations: you’re a part of my collection.

If this is your first time hearing about the FIRE movement, sit down. Get comfortable. I might have the privilege of changing your life—and I want us both to enjoy it.

Believing in Miracles: A Conversation with Chris Dane Owens on Money, Creativity, and Self-Funding Art

April 27, 2023April 27, 2023 Lauren Torres ("Kitty") Leave a comment

Today we have something truly special for you.

A few months ago, we had an opportunity to talk to an artist who’s been an absolutely iconic figure in our lives. Longtime readers know we are obsessed with Chris Dane Owens. His self-produced high fantasy rock music videos grabbed us at a formative time in our lives, and they’ve never let us go.

We first encountered Chris Dane Owens during our college years as roommates, when his viral hit music video for Shine On Me (2008) blasted across the duct-taped screens of our Dell Latitudes. Its radiant awesomeness pierced the clouds of our cynical art school education, which in the early aughts was insisting that art could only be good if it was gritty and brown and serious and rEaLiStIc. And to this day, we play its followup Light Speed (2014) before every speech and public appearance to pump ourselves up and appear effortlessly high energy.

Eventually, our superfanning caught his attention, and he magnanimously offered to come on our show. Our producer Ducky had to physically push our souls back into our bodies.

Today we’re thrilled to share that conversation.

Now, if you’re thinking “Eh, I’m here for the personal finance and career stuff, I’m gonna skip this one,” STOP! We talked about so many issues that matter to our readers.

How do you balance the soul-restoring work of creative endeavors with the draining but necessary work of paying bills?
Why does doing art on a part-time or hobby basis make us feel like failures or sellouts?
How do you identify the cross-functional skills of day jobs and passion projects that make you better at both?
Can you still grow and improve as an artist during times when money and work take priority?
If the work you want to do can’t be done alone, where do you meet collaborators and supporters?
How do you sustain a creative effort over a long period of time?
How do you fit self-funded art into a normal budget?

Chris provides a lot of honest and thoughtful answers to these questions, and more. We’re so grateful to him for his time and insights. We hope you enjoy listening half as much as we enjoyed making his episode, because it was easily the most fun we’ve ever had recording our podcast.

You can find Chris Dane Owens’s music on your streaming platform of choice. His YouTube channel has all of his legendary music videos. (If you haven’t seen them, have you even truly lived?) And if you want updates about his upcoming FEATURE FILM, Empire Queen, you can find links to videos, sneak peeks, and social channels for Facebook, Instagram, Twitter, TikTok, and more at EmpireQueenMovie.com.

Special thanks go to Chris for so graciously appearing on our little podcast, and to our producer Ducky. Recording with guests always adds an extra layer of challenge, and she rose to the occasion!