What The Elle - Opinionated: Money Is Not Just Money

Plus: GameStop terms in plain English. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
 
Ellevest
What the Elle logo
 

A collage of a Black woman’s hands holding a fan of bills with a blue sky behind it and the words “money is power.”

Sallie’s Opinion

Money Is Not Just Money

 

One thing we believe at Ellevest: money is not just money. It can be a lot more than just money.

It’s a theme we’re going to be exploring during the month of February, starting with “money is power.”

I like to say that money can be the power to live the lives we want.

To leave the job you hate, leave the relationship that no longer works for you, start the business you’re dreaming about, take that trip around the world (post-pandemic, of course, but a girl’s gotta dream).

Money can also be the power of protest.

We saw that last week, with the Redditors buying up GameStop stock. Regardless of whether you saw it as a powerful protest against “the man” (in this case, Wall Street hedge funds) or market manipulation — and it really was a bit of a Rorschach test — it demonstrated the power of money coming together.

And it can be the power of the positive.

 READ THE REST 
A text graphic that defines margin trading with a short explanation of how it was being used in the GameStop story.

All the GameStop terms in plain English

The story of GameStop was a story of hedge funds, shorting stock, synthetic shares, short squeezing, securities lending, margin trading, and leveraging call options. Here’s your Wall Street to Main Street translator.

READ THEM NOW >

An illustration of a person climbing up steps representing small wins with plants growing along the way to represent the journey to financial wellness.

Last day for the survey

Take a quick survey to tell us your money stresses, wins, and steps toward wellness. You’ll be automatically entered to win a free year of Ellevest Executive membership when you’re done. But don’t wait — it closes at midnight tonight.*

SHARE YOUR THOUGHTS >

“In my early years, there were a number of experiences that made me decide I could not afford the luxury of just being an actress. There were a number of issues I wanted to address. And I wanted to use my career as a platform.”

– Actress / icon Cicely Tyson, who said she went years without working because of her choice. Tyson died last week.

A tweet by (Ellevest investor) Mellody Hobson congratulating Roz Brewer on being named the CEO of Walgreens.

What we’re loving this week

Big philanthropy used to be dominated by men. But Melinda Gates, MacKenzie Scott, Dr. Priscilla Chan, and many other wealthy women are flexing their power to change — and improve — how philanthropy works.

“The only way forward is with Black women not as the saviors of democracy, but as the beneficiaries of it.” (YES.)

It was recently reported that only about 20 companies led by women have ever gone public. Jessica Alba’s Honest Company may bump that number up soon, though.

At Ellevest, our mission is to get more money in the hands of women. So we designed a membership that could pay for itself and get more money into your hands — literally. Here’s how.

All three of poet Amanda Gorman’s upcoming books are giant presale best-sellers. She’s also reading a new poem at the Super Bowl — yes, poetry at the Super Bowl! — and as a casual side gig, she’s got a modeling contract with IMG. (Wow.)

17-year-old JoJo Siwa has an enormous (and fully monetized) children’s entertainment platform — and her joyful coming out is a “massively big deal,” both for LGBTQIA+ kids and for the industry.

Tomorrow is National Women and Girls in Sports Day and it’s the first week of Black History Month. We give you a “starter kit” of 28 Black women athletes who made sports history.

Unlock cash back, free workshops, and coaching discounts.

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This week’s newsletter was brought to you while solving a crossword puzzle by a Black woman constructor. Forward it to your friends who can’t wait to see the NYT’s new Games editor erase puzzle bias.

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*NO PURCHASE OR MEMBERSHIP NECESSARY. Void where prohibited. Open to legal residents of US and DC 18 years or older. Begins 01/26/21 at 9:00 AM. ET and ends on 02/02/21 at 11:59 PM ET. Prizes/Odds: ARV per Prize $108 USD. Total ARV of all Prizes: $324 USD. Odds of winning depend on the total number of eligible entries received. Subject to Official Rules located at http://production.assets.ellevest.com/documents/Ellevest-Community-Survey-Sweepstakes-Official-Rules-01262021.pdf 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, 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.
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Older messages

Opinionated: Women Supporting Women in 2021

Tuesday, January 26, 2021

Plus: Take a quick survey and enter to win. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Raising Elle: Ready to Get Inspired?

Friday, January 15, 2021

Plus: Bridgerton memes and giveaways. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Money Cheat Sheet: Your Next Small Win?

Friday, January 15, 2021

Plus: New ways to get career clarity. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Opinionated: The 10-Minute Small Win That Matters

Tuesday, January 5, 2021

Plus: Reese Witherspoon's financial feminist advice. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Raising Elle: You’re Doing Amazing, Sweetie

Friday, January 1, 2021

Plus: Baby steps and big goals. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

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