Sallie's Opinion

Hate to Burst That Overconfident Bubble, But …

You remember overconfidence, right? Confidence’s flashy cousin?

Confidence is compelling. Research has shown that overconfidence is also compelling.

That means that even if someone has proven that their confidence in themselves is misplaced, we still find their confidence to be so enticing that we believe in them anyway. (See: Adam Neumann losing WeWork $40 billion in valuation — and getting seriously paid out anyway. Then getting another $350 million check for his new business idea … a PowerPoint about branded real estate.)

Last week was notable: (What felt like) a decade of news happened in just five days. It was also the week in which the overconfidence bubble seemed to burst.

Let’s start with the tech wunderkinds.

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CO-FOUNDER & CEO

“Reward me for efficiency, not how many hours I’m willing to work.”

– One of the Elle Raisers who responded when we asked our Instagram community to imagine the ideal women-centric workplace. Read the rest of your (extremely good) ideas here.

A line graph trending upward, framed by a calculator and a stack of money. Illustration.

Good(ish) news on the inflation front

Inflation was slightly lower in October than the 7.9% analysts expected. But we’re still in “decades-long high” territory. Confused? Read our explainer to sort out what it all means.

How to navigate the holiday gift-giving conversations

“Sooo, how are we doing gifts this year?” We know it can feel awkward to be the person to bring it up — let alone make the case for less, if your wallet is hurting — so we’ve got some tips to help smooth out the chat, no matter who you have it with.

Money Tip of the Week

Today — November 15 — is the final day to claim your Child Tax Credit (or Earned Income Tax Credit)! If you have kids (or meet the income requirements for 2021), it’s worth checking to see if you’re eligible — the CTC can be up to $3,600 per child, depending on age and your financial situation. That’s money back in your pocket.

📅 November Events Calendar



•	Budget How-To: Hate budgeting? We get it. But there’s a better way! Let us help. 🧮 FRIDAY 3 PM ET: Sign up
•	All About Membership @ Ellevest: Now that you’re here, we want you to get the most out of your membership. 🤓 MONDAY 12 PM ET: Sign up for free

Packed calendar? Check out all upcoming workshop dates and times.

A tweet from @/ArlanWasHere (aka Arlan Hamilton, an investor in Ellevest) that reads, “The reason some people don’t know how to take me is that I often remind them of a rich white man using his privilege and it throws them off.”

The words “Ellevest Women’s Financial Health Index” and a descending line chart that goes slightly up at the end. The last point is labeled “1.5, OCT 2022.”

Women’s Financial Health Remained Low in October 2022

Here’s how inflation, consumer confidence, and employment affected the Ellevest Women’s Financial Health Index score this past month.

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Money stories we’re monitoring this week

•	A critical story that got lost last week: The student debt relief program is now on hold, thanks to a federal judge in Texas who ruled it unconstitutional. It’s definitely not the end, but applications are paused for the moment.
•	Meanwhile, if you haven’t been following the slow-motion car crash that is Elon Musk’s Twitter … good for you, honestly. But now, it looks like it’s seeping out into the markets — in particular, the valuation of pharmaceutical stocks.
•	ICYMI: Ellevest CEO Sallie Krawcheck met up with Cheddar’s Hena Doba for one of their signature Walk and Talks to chat through her best financial advice right now (and always tbh).
•	If you read our inflation explainer above and want to dive even deeper, we liked this one about how economists think about and track inflation.
•	Money? Actually buying happiness? Groundbreaking.

What goals do you want to invest toward in 2023? Start today to get ahead of Future You.

START INVESTING

This week’s newsletter was brought to you while loafin’ around. Forward it to your friends who believe cake is a breakfast food.

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DISCLOSURES

All opinions and views expressed by Ellevest are current as of the date of this writing, for informational purposes only, and do not constitute or imply an endorsement of any third party’s products or services.

Information was obtained from third-party sources, which we believe to be reliable but not guaranteed for accuracy or completeness.

The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice.

The information provided does not take into account the specific objectives, financial situation, or particular needs of any specific person.

Investing entails risk, including the possible loss of principal, and there is no assurance that the investment will provide positive performance over any period of time.

As of 8/15/2022, Ellevest Membership fees can be found here. Other fees as described in Ellevest’s Wrap Fee Program Brochure and the Ellevest Membership Terms and Conditions Agreement will continue to apply.

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What The Elle - 💥 Pop! Goes the Bubble

Hate to Burst That Overconfident Bubble, But …

“Reward me for efficiency, not how many hours I’m willing to work.”

Good(ish) news on the inflation front

How to navigate the holiday gift-giving conversations

Money Tip of the Week

📅 November Events Calendar

Women’s Financial Health Remained Low in October 2022

Money stories we’re monitoring this week

What goals do you want to invest toward in 2023? Start today to get ahead of Future You.

This week’s newsletter was brought to you while loafin’ around. Forward it to your friends who believe cake is a breakfast food.

Older messages

☑️ An Important Note About Tomorrow

⚔️ Let’s Get Down to Business

💊 Go Ahead, Be a Pill About It

👩🏽‍💼 What’s Wrong with “Woman CEO”?

💼 What women want (from their employers)

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