It’s September! I’m on round two of what I’ve dubbed my September Sabbatical, otherwise known as my yearly time to take a one-month recess from podcast production.
Throughout September, we’re airing some of the most insightful, inspiring interviews from the archives. You’ll hear from experts discussing topics like habits, happiness, focus, digital minimalism, classic financial lessons and easy-to-make financial mistakes. Enjoy!
Michelle Singletary writes a Pulitzer-nominated personal finance column, The Color of Money, for The Washington Post. Her column is syndicated in more than 100 newspapers nationwide. She’s the author of three finance books and holds an MBA from Johns Hopkins University.
But her strongest financial education came from her grandmother.
Her grandmother raised five grandchildren while working full-time as a Nursing Assistant at a hospital. She earned $13,000 per year, but never took welfare, was never late on a bill, and “handled her money like a pro.”
In this podcast episode, Michelle shares timeless financial lessons she learned from her grandmother, including:
- Save from every penny or dollar you receive
- Live below your means
- Hate debt like it’s the devil
- Save for the future
- Don’t buy more than you can afford
- Don’t care about what other people think about what you wear or drive
Michelle’s grandmother taught her resourcefulness, humility and the value of a strong work ethic.
Michelle joins us to chat about the financial independence retire early (FIRE) movement, emotional spending, how her experience growing up poor gives her a unique perspective in financial media, and the falsehood behind the phrase “it’s not what you earn, it’s what you save.”
You’ll enjoy this episode if…
- You’re new to the world of personal finance or FIRE and want to learn more about the basics. (#lessonsfromgrandma)
- You can’t relate to some of the discussion around FIRE because it seems unachievable to you.
- You love down-to-earth guests who tell it like it is.
- Michelle’s website
- Michelle’s articles on The Washington Post
- The 21 Day Financial Fast, by Michelle Singletary
- The Instagram account of Elon Musk’s mom – @mayemusk
Thanks to our sponsors!
Do you want to earn cashback with a debit card? Then check out Rewards Checking, from Radius Bank. They’re offering 1.5% cashback on food delivery, entertainment, social good, and health through September. There are no fees, and you get unlimited one percent cash back on all other debit card purchases. To get started, head over to radiusbank.com/paula.
Policygenius is an easy way to get life insurance. In minutes, you can compare quotes from top insurers to find the coverage you need, at a price you can afford. No matter how much or how little you know about life insurance, you can find the right policy at Policygenius.
Skillshare is an online learning community with more than 30,000 classes in areas like entrepreneurship, freelancing, and technology. Take your skills to the next level so you can earn more – grab 2 months of Skillshare for free at skillshare.com/paula.
Rothy’s shoes are stylish, sustainable, and comfortable for everyday wear, anywhere. They come in numerous styles, their lineup is updated often, and their flats, shoes, and bags are made from recycled plastic water bottles! Rothy’s offers free shipping + free returns and exchanges. Go to rothys.com/paula.