Sallie's Opinion

How Do We Solve Wealth’s Masculinity Problem? (And Other Wealth-Building Q’s)

A few weeks ago, I wrote about “how to build wealth.” It led to quite a few discussions at Ellevest and quite a few questions from all of you, like:


•	Whether any “get rich quick” strategies have ever really worked at scale

•	Whether this year’s dip means the stock market doesn’t build wealth after all

•	Whether women’s wealth is some of the women’s movement’s unfinished business

•	And what wealth looks like — for women in particular — when it’s not weighed down by old ideas.

Well, let’s talk about it all.

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CO-FOUNDER & CEO

Money Tip of the Week

Do you know the APY (annual percentage yield, aka interest rate) on your savings account(s)?

Apparently the national average is something like 0.2% (boo), but with federal interest rates being what they are, plenty of banks and financial institutions are offering much higher rates to attract customers (and encourage them to save instead of spend). Like, we’re talking 15x higher, in some cases. If your current rate is on the low end, you might want to shop around, maybe earn a few extra bucks on your short-term savings.

A check-list and a pencil surrounded by a dollar sign and abstract shapes. Line illustration.

31 Ways to Practice Financial Self-Care

It’s the most ~~wonderful~~ expensive time of the year. Between gift-giving and holiday travel, your money anxiety might be a little higher than usual. (Whose wouldn’t?) Try some of these quick tips to make sure you’re also doing right by you, even when you’re doing right by your loved ones.

GET THE TIPS >

A woman wearing a backpack looks at her phone as she stands on a path that leads to a horizon where the sun is setting. Above the sun, icons like an umbrella, a life ring, a house, and a stack of cash float in the sky surrounded by clouds. Line illustration.

What’s the point of life insurance? (Great question.)

There are tonnnns of circumstances where having life insurance could save you — and your loved ones — some major hassle. In this explainer, Ellevest Financial Planner Samantha Vient explains why it might be a smart move for you (yes, you).

Mark your calendar



•	Investing, Part 2: You & Your Portfolio: From impact investing to NFTs, you’ll learn about how to personalize your investments — and way more. 💝 WEDNESDAY 4 PM ET: Sign Up
•	Budget How-To: Learn two simple systems for managing your expenses. 🧾 NEXT TUESDAY 6 PM ET: Sign Up

Busy this week? Check out all upcoming workshop dates and times.

“Trimmings from my houseplants 🌱 in cute little pots.”

–Elle Raiser @elcaminoabby, when we asked our community on Instagram for their go-to budget-friendly gifts. Other faves include: “a candle care set,” “locally sourced honey and spices,” and “DIY snack baskets.”

Links for thinks

•	The number of GoFundMes for basic stuff like baby formula and gas went through the roof in 2022, thanks to inflation. When we say “all we have is each other,” this is what we mean.
•	We loved this essay on how nostalgia for the “before times” is keeping us from creating a better now — complete with an A+ horror-movie metaphor.
•	Not to alarm you, but tax season is trying to sneak up on us again. Check out this recent Planet Money episode about (completely legal) tax loopholes.
•	Exciting week for women athletes making big business moves: Serena Williams is launching a product line of recovery skincare, while Sue Bird and Megan Rapinoe are wading into Hollywood.
•	4.9 out of 5 stars? We’ll take it. 🥰

Your money doesn’t need a holiday. Make it work harder than you do.

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This week’s newsletter was brought to you while breathing a sigh of relief. Forward it to your friends who believe in Black women.

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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 past performance is not predictive of future results.

Ellevest, Inc. is a SEC registered investment advisor. Membership fees and additional information can be found at https://www.ellevest.com/.

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👛 How Do We Solve the Masculinity of Wealth?

How Do We Solve Wealth’s Masculinity Problem? (And Other Wealth-Building Q’s)

Money Tip of the Week

31 Ways to Practice Financial Self-Care

What’s the point of life insurance? (Great question.)

Mark your calendar

“Trimmings from my houseplants 🌱 in cute little pots.”

Links for thinks

Your money doesn’t need a holiday. Make it work harder than you do.

This week’s newsletter was brought to you while breathing a sigh of relief. Forward it to your friends who believe in Black women.

Older messages

Take two, with fixed links: ⛅ What About 2022 Was Hopeful?

⛅ What About 2022 Was Hopeful?

🗺️ The Long Road(s) to Wealth

🍠 Thanks Where Thanks Is Due

💥 Pop! Goes the Bubble

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