What The Elle - 🛼 This Barbie is an Investor

BARBIE’S WORLD

No spoilers (or surprises) ahead

This Barbie is a box office record breaker. Greta Gerwig’s Barbie made back its production costs and then some with a $155 million opening weekend, becoming the biggest North American opening for a movie directed by a woman and the biggest debut for a comedic film. Ever.

Color us pink … and unsurprised. While considering its robust brand legacy and the sheer marketing dollars that went into promoting the film, we already know that women-led films are one of the best investments Hollywood can make. The basic facts show that investing in women works, over and over again.

But let’s also talk about the “Barbenheimer” of it all. Universal Studios originally predicted Oppenheimer would nab $40 million at its debut. But, thanks to the Barbenheimer phenomenon, Oppenheimer doubled its projected earnings, to the tune of $80 million. That’s a big win for Kens.

Here’s what we take away from this: When women win, we all win. Uncoincidentally, that was also a lesson from the Barbie movie plot. Ken may be Kenough, but he’d be nowhere without Barbie.

— The Ellevest Team

How Barbie navigated over 250 careers

Luckily, you probably won’t have to change careers more than once or twice in your lifetime. But even Barbie could use a financial planner to help her with those big life changes. (Fun fact: It's one of the few job titles she's never had.)

Here are some things to keep in mind while you switch career paths, from our financial planners:

Gauge the health of your emergency fund. You want it to be healthy and full during this time to prepare for moments of loss of income. You may want to tack on a couple extra months of income. Book 30 minutes with a CFP® pro to assess your emergency savings.
Evaluate your budget. Are you going to have to initially take a pay cut as you enter your new career? Adjust your budget so it’s aligned with your new salary expectations. Book a 1:1 budgeting session.
Check in on your retirement plan. Depending on the industry and income, it could affect how you save for retirement and how much you should contribute to your 401(k).

(FYI, Ellevest client discounts for all of these sessions are applied at checkout!)

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THE MYTHS VS THE FACTS

Here’s everything you need to know about why women are better investors than men in the real world.

Read the truth >

Summer money events

Investing, Part 2: You & Your Portfolio: When and how you invest depends on your goals. Let’s dive in. 👙

THURSDAY @ 4 PM ET: Sign up
Planning for Your Dream Retirement: Dreamhouses. Beach. Let’s talk about how to make it happen. 🏡

TUESDAY, AUG 1 @ 5 PM ET: Sign up
Budget How-To: Let’s build the #1 tool you’ll use for everything else you want to do with your money. 💸

MONDAY, AUG 7 @ 12 PM ET: Book your spot
All About the Benefits of Ellevest: A 30-minute session on all the ways Ellevest can pay for itself. 💅

WEDNESDAY, AUG 9 @ 5 PM ET: Join us

Busy with too much “beach” this summer? Check out all upcoming workshop dates and times.

“RVing with my husband and three kiddos in our vintage GMC RV that we bought in cash, thanks to investments.”

— Elle Raiser @the.joyfulpreneur shares the #1 thing she’s excited to do this summer. How do you invest?

Text that reads, “How much can I afford to invest each month? Am I on track to buy a home soon? Am I investing enough for retirement?”

Pink links

Are you plugged into Fintech Is Femme? Subscribe to this twice-weekly newsletter from journalist Nicole Casperson to stay up to date on the latest industry news and analytics while also gaining insight into financial technology from a fresh perspective.
Women’s financial health is trending 🆙! CEO Sallie Krawcheck joined CNBC’s Squawk Box to talk about the Ellevest Women’s Financial Health Index and what’s impacting our well-being these days.
The creator of Barbie is as complicated as the doll isn’t. Here’s a deep dive into Ruth Handler, the Polish-Jewish woman who dreamt up Barbie (and even shows up in the film, played by Rhea Perlman).
M.M.LaFleur’s M Dash gives us nine reasons why women can — and should — ask for a raise, even during times of economic hardship. Bookmark this for your next review cycle to get the compensation you deserve.
“We don’t need studies to prove what we experience day in and day out. Our worth is undervalued by the systemic inequities we face every day. We are hired at lower rates. We are retained at lower rates. We are paid at lower rates. We are promoted at lower rates.” Here’s the problem with Black Women’s Equal Pay Day, which is this Thursday.
Our friends at Indyx help us diversify our wardrobe portfolio by investing in the right pieces. Here’s some advice on how to do that.

This Barbie is making money moves.

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This week’s newsletter was brought to you while strumming along. Forward it to your friends who help you take your life less seriously.

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*NO PURCHASE OR MEMBERSHIP NECESSARY. Void where prohibited. Open to legal residents of 50 US and D.C. 18 years or older. Begins 7/24/23 at 9 AM ET and ends on 8/9/23 at 11:59 PM ET. Prizes/Odds: ARV per Prize $1,000 USD. Total ARV of all Prizes: $1,000 USD. Odds of winning depend on the total number of eligible entries received. Subject to Official Rules located at bit.ly/EV1000giveaway. Sponsor: Ellevest, Inc., 228 Park Ave S, PMB 94932, New York, NY 10003-1502.

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.

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Investing entails risk, including the possible loss of principal, and past performance is not predictive of future results.

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What The Elle - 🛼 This Barbie is an Investor

No spoilers (or surprises) ahead

“RVing with my husband and three kiddos in our vintage GMC RV that we bought in cash, thanks to investments.”

This Barbie is making money moves.

Older messages

🏊🏻‍♀️ The Vast Sea of Women’s Financial Potential

⛱️ Take a Vacation, SCOTUS

🗞️ Women Making (Literal) Headlines

🧁 Money Can Buy You Happiness

🌲 AQI, Climate Change, and Women

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