Why this ‌long tradition of financial advice for women is still wrong. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

SALLIE’S OPINION

Just Buy the F***ing Latte

Calling out those who give patronizing financial advice could be a full-time job. And as someone whose whole life revolves around getting more money in the hands of women, sometimes I just have to step into that role.

This is one of those times. Because enough’s enough: Giving up fancy coffee will not make you a millionaire. And yes, you should just buy the f***ing latte.

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CEO AND FOUNDER

🪺 What is the best thing to do with a lump sum of money?

A financial windfall can happen in many ways. Maybe you just came into an inheritance or a life insurance settlement. Or you got a bonus at work. Or your company just IPOed. Maybe you sold your house and you aren’t planning to buy another one right away (or you don’t need all the money from the sale to buy your next place). Or maybe you won a really big scratch-off lottery ticket that came in a birthday card. Hey, it could happen …

Knowing what to do can feel like a big decision, but it doesn’t have to be a hard decision — not when you have a plan.

Read six steps to take next >

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THE RETIREMENT IRS LIMIT CHEAT SHEET

Some of the many limits and ‌rules that affect your retirement savings for the 2024 tax year in one place.

“After a series of bad relationships and bad breakups, I bought myself the diamond ring!”

— Ellevest community member shares how they flexed their financial power. Brb, gonna go shopping. 💍

Looking for support in your own divorce process? Ellevest can help you plan for a positive outcome. Start with a complimentary call. We’ll get to know a bit about you and your situation, then point you in the right direction based on your needs.

🔗 Links on links on links

Egg freezing is BIG business — so big it’s becoming unaffordable. Marie Claire dives into the growing cost of fertility care (with a cameo from Ellevest Financial Advisor Cameron Rogers).
CEO Sallie Krawcheck shared three crucial money mistakes she made during divorce — and tips on how to avoid them — with CNBC.
Millennials don’t believe in the American Dream anymore. That’s because playing it by the old rule book just doesn’t cut it anymore.
There are more total founders named Michael, David, and Andrew than there are women unicorn CEOs, according to this analysis by Aileen Lee’s Cowboy Ventures, which revisits “The Unicorn Club” a decade after first coining the phrase. At least there are no Todds …
Tara VanDerveer, the most successful college basketball coach of all time, shares her rules for success. Take notes.

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This week’s newsletter was brought to you while watching Stephen Colbert’s reunion with Nicki Minaj. Forward it to your friends who are Barbz.

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*The “GOBIG” Promotional offer is for those who 1) sign up for an Ellevest plan on or before 11:59 PM EST on 1/31/2024 (the “Promotional Period), 2) make an initial deposit of $1 or more into an Ellevest non-retirement investment account, and 3) are a client at the time the $24 is applied to your account. This Promotional Offer cannot be applied to an existing Ellevest plan, and is only available to the first 500 eligible new Ellevest digital clients who redeem it before the Promotional Period ends.

This Promotional Offer is not valid in conjunction and cannot be combined with any other offers or promotions. Clients who enroll with promo code “GOBIG” before the end of the Promotional Period will pay no Ellevest plan fee for the first month of their plan period, starting on the date the Ellevest Plan Terms and Conditions Agreement is acknowledged (the “Effective Date”). After 1 month from the Effective Date, the applicable fees for the Ellevest plan will be applied and other fees as described in Ellevest’s Wrap Fee Program Brochure and the Ellevest Plan Terms and Conditions Agreement will apply.

Digital clients who enroll with promo code “GOBIG” and make an initial deposit of $1 or more to a non-retirement investment account within the Promotional Period will receive a promotional amount of $24 added to their Ellevest investment account. Ellevest’s processing time for depositing the $24 promotional amount into a client’s Ellevest account may be up to 90 days after the Promotional Period ends. Ellevest reserves the right to refuse to award you the Promotional offer if it determines, in our 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 Plan 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 a SEC registered investment adviser. Ellevest fees and additional information can be found at www.ellevest.com.

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What The Elle - ☕ Giving up “frivolous” expenses?

Just Buy the F***ing Latte

“After a series of bad relationships and bad breakups, I bought myself the diamond ring!”

Join the thousands of women invested with Ellevest.

Older messages

💰 A colossal shift is here …

🗑️ The Best Worst Day

🪩 “Am I leaving money on the table?”

🎀 A reminder to gift yourself first

🍋 Low-lift money habits to pick up

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