Season 3, Episode 2: “I Inherited Money. Should I Pay Off Debt, Invest It, or Blow It All on a Car?”

This week on the podcast we’re dealing with a very foreign concept for many of us: an inheritance.

It’s what happens when one of your loved ones kicks the bucket and generously leaves some of their money to you.

But what do you do with a small inheritance? Do you use it to pay off your student loans? Buy a new car? Stash it in an emergency fund? Invest the whole damn thing and say your prayers to the Oracle of Omaha?

As usual, we have THOUGHTS. Listen to the episode to get them blasted straight into your ear holes!

Read More

Season 3, Episode 1: “I Worry Paying for My Kids’ College Will Spoil Them. Don’t Student Loans Build Character?”

Here it is, Bitch Nation: the moment you’ve all been waiting for. The moment we’ve been teasing for months. It’s time for SEASON THREE OF THE BITCHES GET RICHES PODCAST!!!

Yeah, yeah, I know it took a while. But there were extenuating circumstances (see: coronavirus resulting in general ennui). But since we recently won the Plutus Award for Podcast of the Year (#stopthesteal), we figured we should get off our shapely butts and actually put out an episode of said podcast.

So here it is! And it’s a good one, if we do say so ourselves. In this episode we demonstrate our extensive parenting expertise (none) and experience with student loans (lots). We also wax philosophical about the future costs of higher education. Will little Timmy eventually have to fight in the Thunderdome to get into Princeton? Only time will tell!

Read More

{ MASTERPOST } Everything You Need to Know about How to Pay off Debt

You’ve passed the trials. You’ve fought hard and won your place among the champions. At long last, it is time to be inducted into the Secret Society. Which secret society, you ask? It’s a secret.

As you take your place among the robed and hooded figures in this subterranean chamber, you know not what to expect. They are lit only by the flames of an ancient fire.

One by one, the hooded figures raise their arms to the stalactites above and intone:

Let us pay off debt, brothers and sisters!

Elmo amid the flames, presumably chanting "pay off debt."

Darling readers, debt fucking happens. Having debt doesn’t mean you’re a bad person, nor that you’re lazy or stupid. But it is something you’ll have to work hard to get past. So here is our collected advice on the subject of how to pay off debt.

Go forth and conquer, for you are soon to be debt-free!

Read More

I Now Make More Money Than My Husband, and It’s Great for Our Marriage

For years my husband Bear and I toiled away at low-paying non-profit jobs.

For the most part, our salaries were pretty comparable. With every raise or promotion, we’d leapfrog each other by small degrees. We both had side hustles, too: me as a freelance editor, him as a bouncer at a nightclub. (Which… sucked.)

Slowly, things changed.

My raises and promotions weren’t keeping up with his.He was outearning me, and able to quit his side hustle (which was great, because getting puked on is no fun). Whereas I had to freelance more to bring in even close to what he brought home. It was one of the first signs that I needed to quit my job at a non-profit publishing house. So I did. I left for a higher-paying job in the for-profit sector. And I was back on track, making a salary equal to my husband’s! All was well in the land of Equal Division of Labor!

But then things changed again.

I got a newer, better, cooler day job.My side business took off, too. And suddenly, I now make more money than my husband… by a lot. Which has given me a lot to think about what a truly equal marriage looks like.

Read More
Ask the Bitches: I can't stand another day at my toxic workplace! Can I walk away without a new job lined up?"

Bonus Episode: “I Can’t Stand Another Day at My Toxic Workplace! Can I Walk Away Without a New Job Lined Up?”

We come to you today with a VERY SPECIAL EPISODE™ of the Bitches Get Riches podcast. And it features a VERY SPECIAL GUEST™: Diania Merriam, owner and founder of theEconoMe Conference!

The question

As you guys know, we rarely have guests on the Bitches Get Riches podcast (unless they’re Santa Claus, of course). It’s a lot of pressure to keep up with our 15-year-long friendship of inside jokes and internalized poor taste. We can’t inflict that on just anyone.

But Diania is exactly the sort of brave bitch we knew could handle the challenge. And she’s got some personal experience with the question at hand! So we welcomed her onto the podcast to answer this question from an anonymous listener:

I work in an extremely toxic work environment. My boss is disrespectful, the whole company culture is abusive, and HR has been utterly dismissive of my issues. Walking in the door every morning feels like I’m entering Shawshank Penitentiary. I’m at the end of my rope and I know I have to leave to save myself. But I haven’t been able to land a new job yet. I have some savings, but I’m definitely not financially independent. I’d describe it as a small amount of ‘Fuck You Money,’ but not enough to live on for more than maybe 4-6 months. Should I quit? Even before I have a new job lined up?

– An anonymous Tumblr follower

Diana floored us with a bunch of great insights. (Did you know if you quit your job because of a hostile work environment, you’re still entitled to collect unemployment? We freakin’ didn’t! Huh, I wonder why workplaces don’t mention that fact more often?) Tune in to listen to the three of us discuss the answer.

Read More
Investing Deathmatch: Timing the Market VS Time IN the Market

Investing Deathmatch: Timing the Market vs. Time IN the Market

Bitch Nation, things around here have been far too peaceful for far too long. No cage matches, no Fury Road-style races to the death. We haven’t even had an inter-Bitch argument in ages.*

So you know what that means…

IT’S TIME FOR ANOTHER INSTALLMENT OF INVESTING DEATHMATCH!

In this recurring series, we pit two investing strategies against each other, examine the merits of each, and determine which is best for you, the investor. Along the way we hope you learn a little about the stock market, but really… we know you’re just here for the gifs.

Two investing strategies enter! Only one will survive! Who will win this most neurotic and numbers-based fight to the death??? Only time (and minute examination of historical stock market trends) will tell!

Let’s meet our contenders.

Read More

Should You Trust Your Human Resources Department?

Ah, the human resources department: the Dolores Umbridge of work departments!

From Catbert the Evil Director of Human Resources to Office Space‘s The Bobs, HR as an institution has a less than stellar reputation. Some consider it downright evil.

But why? Why does HR get such a bad rap? Especially when they’re supposedly set up to provide employees with recourse against shitty coworkers and a direct pipeline to the EEOC?

Is HR really all that evil? And more importantly… should you trust them?

Read More

Beware These 5 (Perfectly Legal) Discriminatory Hiring Practices

Admit it, Bitch Nation: you missed us and our relentless griping about labor rights during our two-week summer hiatus. Well cheer up, people, because the Bitches are BACK (and still griping about labor rights)!

Today’s topic: discriminatory hiring practices.

One of our most popular articles to date is our list of illegal job interview questions. In that post, we explained how how there are laws in place to mitigate discriminatory hiring practices. An employer can’t ask a job candidate’s age, for example, to avoid ageism when hiring.

If you’re on the job hunt, you should familiarize yourself with the questions a potential employer can’t ask you. Know your rights lest you unwittingly allow an employer to use your personal demographics (rather than your job qualifications) to exclude you from a job opportunity.

Yet despite all the things an employer can’t legally ask in a job interview… some weaselly fuckers still find ways to introduce bias into their hiring practices. In fact, a lot that can happen during job applications and interviews that probably should be illegal… but isn’t.

Let’s go over some discriminatory hiring practices that are somehow still legal. Y’know, before we get to the inevitable pro-labor call to action. ¡Viva la revolución, comrades!

Read More