What The Elle - ⚡ How to Up Your Money Game

Tired: deposits. Wired: autodeposits. Here’s why.

We know you’re already doing a ton of great things with your money. You’ve saved for emergencies. The debt situation is handled (or on track). And you’ve been getting that full 401(k) match for a long time now. With your foundation nice and strong, you’re ready to turn the full force of your financial attention to … building wealth.

Whether you’ve been investing toward your goals for years or you’re just starting to invest that 401(k), there’s something that could help even more: an automatic investing plan. Sounds fancy, but it’s pretty straightforward. It just means automatically depositing money into an account that automatically invests it in the markets for you. Contributing money to your 401(k) out of every paycheck counts. So does setting up autodeposits into an Ellevest investment account.

But why stop there? Once you’ve got autodeposits set, they could help you do even more with your money if you increase them over time.

Tell me more, we hear you saying. Gladly, dear reader. Here’s why an automatic investing plan can be so powerful — and how often you should consider bumping those deposits up.

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Victoria Sado, she/her
Ellevest Financial Planner

February starts tomorrow. How are your resolutions doing?

We’re four weeks into the new year — and our New Year’s resolutions — so we wanted to see how you were doing with your money goals. Here’s what you said:

FEELING GREAT 🏆

15%


TOUGH BUT MAKING PROGRESS 💪	58%

OOF, STRUGGLIN’ 😮‍

18%

I’M OVER IT ✌️

Laid off? Here’s some help

New year, new career? 🥴 If you’re one of the folks who’ve lost their jobs in mass layoffs recently, particularly in tech and tech-adjacent industries, you already know you’re far from alone.

Meantime, if you need some guidance: Here are three lessons CEO Sallie Krawcheck learned from losing her own job (a couple of times). Here are five things you can do right now to make sure nothing slips through the cracks while you catch your breath. And if you’re hopping right back on the horse (impressive, tbh), here’s our guide to knocking your next job interview out of the park. We’re rooting for you. 💚

in • ver • ted yield curve

A term that describes market conditions where the interest rates (aka yields) on short-term bonds are higher than those on long-term bonds.

Under normal market conditions, you could expect a 10-year bond you buy today to earn you more interest than, say, a two-year bond — the longer you’re required you to lock up your money, the more you’re typically rewarded for it. But sometimes when investors believe the economy is going to be rough sailing for the near term, the yield curve inverts, and the opposite happens: Some shorter-term bonds have a higher yield than some longer-term bonds. (Emphasis on “believe,” though. We still can’t tell which way the wind is blowing.)

Events at Ellevest this week



•	Investing, Part 1: How it All Works: Investing is full of jargon that makes it seem more complicated than it actually is. Learn the language — and more — in this live workshop. 📚 TOMORROW 5 PM ET: Sign up
•	Planning for Your Dream Retirement: Start building toward the retirement you want. We’ll show you different retirement account types and how to invest in them. ✨ NEXT TUESDAY 7 PM ET: Sign Up

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

A screenshot of a tweet from founder Samantha Ettus @samanthaettus that reads ‘A guy who passed on investing in my company last year just sent me an article about funding for women-led companies going down to 1.9% in 2022. What do I even say to this human?’

Send him a past-due invoice? And charge interest? 😉

Links to love

•	Some good news on the raise front for a change: Black Americans saw the biggest jump in median weekly earnings in 2022 versus the year prior: 11.3%, compared to the overall 7.4% increase.
•	Yet another thing to admire about Gen Z: Apparently y’all won’t even consider applying to a job if the salary isn’t listed in the job posting.
•	Men? Rushing to get rich off the abortion pill in a post-Roe world? We can hardly believe it! 🙄
•	Lately, we’ve been digging the Good Trade, a publication dedicated to self-care and doing good. Their newsletter, The Daily Good, is a 30-second read delivered to your inbox daily with soothing playlist, sustainable recipes, inspiring articles, and more. Check it out here.
•	We quoted this one line by line to each other in the Ellevest team chat last week: “The Secret to Wealth Is Giving Up Pointless Expenses (and Other Lessons from My $28 Book).”

It’s your last chance to get one free month of membership.

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This week’s newsletter was brought to you while adding to the TBR pile. Forward it to your friends who like the idea of a feminist bookstore road trip.

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DISCLOSURES

*The “NEWYEAR” promotional offer is offered to those who sign up for an Ellevest Membership service (Ellevest Plus or Ellevest Executive) on or before 11:59 PM ET on January 31, 2023 (the “Promotional Period”). Clients who enroll before the end of the Promotional Period will pay no Ellevest membership fee for the one month of their membership period, starting on the date the membership agreement is acknowledged. After one month from this date, the applicable fees for the Ellevest Membership service selected will be reinstated.

Ellevest reserves the right to refuse to award you the Promotional offer if it determines, in its sole discretion, that the promotion was claimed under wrongful or fraudulent circumstances, that your participation is against the spirit of the program, that making payment would constitute a violation of your Ellevest Membership Terms and Conditions Agreement or applicable federal or state law, or that incomplete or inaccurate information was provided. Ellevest reserves the right to end or modify any promotion at any time.

All opinions and views expressed by Ellevest are current as of the date of this writing, are 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 are 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 an SEC-registered investment adviser. Membership fees and additional information can be found at www.ellevest.com.

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What The Elle - ⚡ How to Up Your Money Game

Tired: deposits. Wired: autodeposits. Here’s why.

February starts tomorrow. How are your resolutions doing?

Laid off? Here’s some help

in • ver • ted yield curve

Events at Ellevest this week

Links to love

It’s your last chance to get one free month of membership.

This week’s newsletter was brought to you while adding to the TBR pile. Forward it to your friends who like the idea of a feminist bookstore road trip.

Older messages

🧠 Hey. You’re Good at Money

⏰ Having Faith in the Waiting

☔ More Meatball Storms In 2023?

✨ New Year, Same Fundamentals

Got Resolutions? (We’ve Got You.)

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