Even if you’ve never listened to an episode of HerMoney, you can probably guess from our name that we love exploring the impact of money on women’s lives. That’s what we do here. We talk about all the ways we earn it, how we can earn more of it, the joy — and sometimes regret — we feel when we spend it, how to invest it, and all the ways we can grow it and make it last for our futures. As we like to say at HerMoney: “Life is the topic, money is the tool.” Because money is THE tool that enables us to reach so many of our life’s goals — which is why we need to talk about it so much more than we do.
That’s why this week’s episode is so very special — we’re talking about money with Rebecca Walker, editor of the new book, “Women Talk Money: Breaking The Taboo.” It’s an essay collection that explores the profound impact of money on women’s lives. The book contains previously unpublished essays by trailblazing writers and activists such as Alice Walker, Rachel Cargle, Tressie McMillan Cottom, Cameron Russell, Sonya Renee Taylor, and many more. These essays are lifting the veil on how women talk about money, and the book dives into the power of money to impact health, define relationships, and shape female identity.
Rebecca is the author of several bestselling books, and co-founder of the Third Wave Fund, an organization that gives grants to women and transgender youth working for social justice, and she also works as a DEI consultant for Fortune 500 companies. She was named by Time magazine as one of the most influential leaders of her generation.
Listen in as Rebecca and Jean discuss why she chose to edit this particular book — she’s an editor with her choice of projects, so what was it about the topic of women and money that spoke to her? She shares details of her personal life and her relationship with money. She also shares some of the most impactful stories from the book, specifically how many of the authors were forced to reimagine their relationships with money. She walks us through what some of those bigger lessons were.
We also discuss privilege and oppression, along with the gender wealth gap and the racial wealth gap (Black women make just 61 cents for every dollar a man earns, compared to the 82 cents per dollar wage gap for women of all races combined.) Jean and Rebecca talk about how women can start asking for more.
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Rebecca also offers her best advice to women who may be struggling to overcome past money trauma or hardship, or understand the impact of money on their lives.
In Mailbag, we discuss the best books and educational sources for retirement, and in Thrive, the red flags women should look out for when job hunting.
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