Episodes

  • Love, Money, and FIRE With Shang Saavedra

    Love, Money, and FIRE With Shang Saavedra
    Jan 2 2025
    This week on Love & other assets, we had the pleasure of speaking with Shang Saavedra, founder and CEO of Save My Cents, a financial coaching business focused on the intersection of mental health and financial well-being. Shang, along with her husband, achieved financial independence and retired early (FIRE) by the age of 31, a feat she attributes to a combination of frugal living and strategic investing. Their journey wasn't always smooth sailing; Shang openly discussed the challenges of balancing her desire for a comfortable lifestyle with her husband's more extreme frugal approach. This highlights a common struggle for many couples: navigating differing financial philosophies.Shang shared insightful anecdotes about their early days, from living in a tiny, rent-stabilized apartment in New York City to making strategic use of credit card points and miles for travel. She emphasizes that extreme frugality wasn't their initial plan, but rather a result of a conscious decision to live off a single income to mitigate the potential career impacts of motherhood. This led to their unexpected early retirement.The conversation then shifted to identifying red flags in relationships, particularly concerning financial transparency. Shang noted that a reluctance to discuss finances openly can be a significant warning sign, emphasizing the importance of open communication about money, a topic often avoided but crucial for a successful partnership. She suggested a clever way to gauge a partner's financial habits: planning a vacation together. This seemingly simple activity reveals much about budgeting, spending habits, and decision-making styles.Shang also discussed the evolving nature of their financial partnership, highlighting the importance of compromise and trust. Initially using separate "no questions asked" budgets, they gradually developed a deeper understanding and trust, leading to shared financial decisions. This evolution highlights that financial harmony in a relationship is an ongoing process, not a destination. The episode concludes with practical advice for couples on setting shared goals, prioritizing childcare and schooling plans, and navigating potential career adjustments after having children. Shang's emphasis on self-worth and combating the pressure of societal comparisons adds another layer of crucial mental support needed for successful financial planning.Curious to learn more? This episode delves into:The surprisingly attainable FIRE lifestyle. Could it be your next adventure?The hidden secrets of extreme frugality (without sacrificing all the fun).Spotting financial red flags in relationships before they become dealbreakers. Think you've got a keen eye? Find out!Navigating the ever-evolving dance between individual and shared finances. Are you in sync with your partner?The art of the compromise: blending different financial styles into a winning team.Conquering the "Am I behind?" feeling and embracing a mindset of abundance. It’s about your worth, not just your net worth!Listen to this episode to learn the secrets to a happier, wealthier, and more fulfilling relationship!Listen to the full episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.Brought to you by Plenty. Plenty is an wealth platform designed specifically for couples to build wealth, together. We go beyond budgeting, making it simple to invest, save and grow towards your future goals by unlocking access to the financial strategies of the wealthy. SELECTED LINKS FROM THE EPISODEConnect with Shang Saavedra: Website| LinkedIn |Instagram Connect with Emily Luke: Website | LinkedIn | TwitterPlenty: Website | Instagram | Facebook | YouTube | Twitter/X PEOPLE & RESOURCES MENTIONEDChanning AllenThe New York PostTumiSave My CentsWealth is a Mindset
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    37 mins
  • The "Stuck" Factor With Deanna deBara

    The "Stuck" Factor With Deanna deBara
    Dec 18 2024
    In this episode of Love & other assets, Emily Luk, CEO of Plenty, interviews writer and podcast host Deanna deBara. Deanna shares her personal experiences with financial "stuckness" and offers insights on how to navigate it, both individually and within relationships. She defines stuckness as the uncomfortable in-between place when your old ways don't work, but the new ones haven't yet emerged.Deanna opens up about her past struggles with financial literacy and instability. She emphasizes the importance of compassion and self-education when confronting financial difficulties. Deanna stresses that you can't shame yourself into change, but compassion can be a catalyst for progress. She highlights the significance of understanding your relationship with money and having open conversations about finances with partners.They discuss how different personalities approach money, and how these differences can lead to conflict within relationships. Deanna emphasizes the importance of open communication, compromise, and a willingness to grow together and let go of past resentments. Deanna explains the need to regulate nervous systems, and taking breaks during difficult conversations, when these triggers happen. She shares her personal ritual of writing down resentments to release them.Deanna also shares insights on supporting a partner who feels stuck. She encourages empathy and holding space for their feelings, while also empowering them to find their own path forward. She underscores the need to differentiate between being "stuck" and facing mental health challenges. She closes by discussing the importance of having shared vision and being supportive of each other's differences and goals.What we discussed:Ever feel like you're just spinning your wheels with your finances? What if that "stuck" feeling isn't a failure, but a necessary step toward something better? We dive into what it really means to be "stuck" and why it's not as bad as you think.Do you beat yourself up over past money mistakes? Prepare to have your mind blown: Shaming yourself won't get you anywhere. We discover the surprising power of compassion in transforming your financial life.Are money talks with your partner like navigating a minefield? Turns out, it doesn't have to be! Discover the secrets to having open, honest conversations about finances – even when you have totally different approaches.Saver vs. Spender? Is it a recipe for disaster? Learn how to bridge the gap and understand that your money baggage and your partner's money baggage are both influencing how you handle money in your relationship.Resentment about past money missteps? Ever wonder if that resentment you are harboring is actually doing more harm to you than anyone else? We uncover why letting go of past resentments is crucial for a healthy financial and romantic future.Is your partner feeling "stuck," but you're not sure how to help? Learn how to be a truly supportive partner, without falling into the trap of enabling them to stay stuck. Discover the fine line between helping and hindering.Ready to get unstuck, together? Download this episode and prepare for some eye-opening conversations!Listen to the full episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.Brought to you by Plenty. Plenty is a wealth platform designed specifically for couples to build wealth, together. We go beyond budgeting, making it simple to invest, save and grow towards your future goals by unlocking access to the financial strategies of the wealthy. SELECTED LINKS FROM THE EPISODEConnect with Deanna deBara: Website| LinkedInConnect with Emily Luk: Website | LinkedIn | TwitterPlenty: Website | Instagram | Facebook | YouTube | Twitter/X PEOPLE & RESOURCES MENTIONEDChanning AllenSeason of stuck
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    39 mins
  • The secret to managing money as a couple according to Esther Perel

    The secret to managing money as a couple according to Esther Perel
    Dec 12 2024
    In this episode of Love & other assets, host Emily Luk sits down with her co-founder and husband, Channing Allen, and Plenty advisor, Esther Perel. Esther, a New York Times bestselling author and globally recognized voice on relationships, joins the conversation to explore the intersection of love, money, and power dynamics.The episode begins with personal anecdotes from Emily and Channing about their own financial journey as a couple, from the early days of splitting bills to navigating shared expenses and different income levels. Esther offers profound insights into the emotional underpinnings of financial decisions, explaining how money serves as both a practical and symbolic element in relationships.Key topics include the role of power dynamics in financial decisions, the concept of fairness in partnerships, and the importance of finding a balance between togetherness and individuality. Esther emphasizes that while money often creates tension, the way couples communicate about it can either exacerbate or resolve conflicts.The discussion also delves into the value of transparency, the significance of shared goals, and the evolving cultural norms around financial independence and interdependence. Emily and Channing share how they’ve used humor and open dialogue to manage differences, while Esther reframes money management as a relational skill that grows alongside the partnership.This episode is a must-listen for couples navigating the complexities of love, money, and modern relationships.What We Discussed:Power and Control in Relationships: Esther explains how power dynamics are inherent in relationships and often manifest through money. She offers advice on how couples can recognize and address these dynamics without letting them create conflict.Redefining Fairness: Channing and Emily reflect on how they approached financial fairness, even as their income levels shifted, emphasizing the importance of mutual contribution and support.Transparency and Trust: The conversation highlights the value of transparency in financial discussions, from sharing assets to navigating major decisions like joint expenses or prenups.Balancing Individuality and Togetherness: Esther frames this as the central task of relationships, offering guidance on how couples can align financial management with their relational goals.The Emotional Weight of Money: Emily and Channing share how their upbringing influenced their financial behaviors, while Esther explores how cultural legacies shape financial decisions and perceptions of value.Practical Advice for Couples: Esther suggests that couples approach money management as an ongoing conversation, integrating regular check-ins and leveraging tools like advisors or apps to bridge knowledge gaps.Listen to the full episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or your favorite podcast platform.Brought to you by Plenty. Plenty is an wealth management platform designed specifically for couples to build wealth, together. We go beyond budgeting, making it simple to invest, save and grow towards your future goals by unlocking access to the financial strategies of the wealthy.SELECTED LINKS FROM THE EPISODEEsther Perel: Website | LinkedIn | PodcastEmily Luk: LinkedIn | TwitterPlenty: Website | Instagram | Facebook | YouTube | Tik TokPEOPLE & RESOURCES MENTIONEDChanning AllenEsther Perel’s TED TalksWhere Should We Begin? PodcastCHAPTERS(1:50) Money and relationship dynamics(3:04) Financial transparency and discomforts in relationships(6:08) The emotional narrative of money(9:03) Defining fairness in shared finances(11:20) Navigating difficult financial conversation(14:06) Cultural legacies and masculinity in financial roles(17:13) Family values and spending habits(20:18) Abundance versus scarcity mentalities(21:47) Saving versus spending conflicts in couples(22:36) Strategies for conflict-free money communication(30:34) Navigating power and independence in financial relationships(36:06) The importance of financial transparency(41:14) Managing unexpected financial changes(42:36) Financial privacy versus secrecy(45:39) Establishing principles for financial decisions(46:16) Regular financial check-ins and reviews(48:07) Effective financial frameworks for couples(54:09) Balancing individual and shared goals(57:44) The importance of prenups(1:03:38) Connecting with your future self financially(1:07:12) Conversations about money and family background(1:12:31) Final advice for newly married couples about money
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    1 hr and 15 mins
  • Sneak peek: The secret to managing money as a couple according to Esther Perel

    Sneak peek: The secret to managing money as a couple according to Esther Perel
    Dec 6 2024

    In our upcoming episode of Love & other assets, Esther shares her expertise on how money dynamics shape relationships, from the balance of power and control to shared values and long-term goals. The conversation touches on how couples can navigate financial differences, redefine fairness, and find harmony between individuality and togetherness. Emily and Channing share personal stories from their journey as co-founders and partners, illustrating how communication, trust, and humor can transform challenging money conversations into opportunities for growth. The episode will be available on December 12th.
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    1 min
  • The future of wealth: A conversation with Mark Peter Davis

    The future of wealth: A conversation with Mark Peter Davis
    Oct 23 2024
    In this episode of Love & other assets, Emily Luk speaks with venture capitalist Mark Peter Davis about the world of alternative investments and how it's becoming more accessible to everyday families. Mark is Managing Partner of Interplay Ventures, and is a NYC-based venture capitalist, entrepreneur, author, and startup community organizer. Mark, with his deep understanding of the venture capital landscape, shares insights into the changing dynamics of the industry over the past two decades, highlighting the increasing accessibility for entrepreneurs and the shift towards outsourcing and lighter operating structures. He also delves into the complexities of family offices, explaining their secretive nature and varied investment styles. The conversation then explores the concept of alternative investments, defining it as a catch-all for anything that's not stocks or bonds, and discussing the potential benefits and risks involved. Mark shares his perspective on the shift towards democratizing access to alternative investments for everyday households, acknowledging the challenges and potential pitfalls, and provides valuable advice on how couples in their thirties can approach allocating funds to these investments. The episode concludes with Mark's insights on the most impactful alternative investments he's backed and his belief in the power of careful investment for social good. This episode is a must-listen for anyone looking to demystify the world of alternative investments and understand how they can work for everyday families.What we discussed The Evolution of Venture Capital: Mark takes us on a journey through the evolution of the venture capital industry, highlighting the significant changes in the competition dynamic, the cost of capital, and the emergence of institutional players at earlier stages.Unveiling the Mystery of Family Offices: Mark sheds light on the world of family offices, debunking the "black box" perception and revealing their varied investment styles, highlighting the need for specialized partners to navigate this complex market.Alternative Investments Explained: A clear explanation of alternative investments, demystifying the term and differentiating the institutionalized categories from the "long tail" of niche assets.Pros and Cons of Alternative Investments: Mark weighs the potential benefits of higher returns against the drawbacks of lower liquidity, providing context for investors to understand the trade-offs involved.Unlocking Access for Everyday Families: Mark discusses the efforts to democratize access to alternative investments for individuals beyond accredited investors, highlighting the development of services and apps aimed at bridging the gap.Strategic Approach to Alternative Investments: Mark offers valuable advice for couples in their thirties who are considering allocating funds to alternative investments, emphasizing the importance of long-term horizons and aligning investments with individual financial goals and risk tolerance.Listen to the full episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Brought to you by Plenty. Plenty is an investment platform designed specifically for couples to build wealth, together. We go beyond budgeting, making it simple to invest, save and grow towards your future goals by unlocking access to the financial strategies of the wealthy. SELECTED LINKS FROM THE EPISODEConnect with Mark Peter Davis: Website| LinkedIn |XConnect with Emily Luke: Website | LinkedIn | TwitterPlenty: Website | Instagram | Facebook | YouTube | Twitter/X PEOPLE & RESOURCES MENTIONEDChanning AllenDavid SwensenInterplayThunder VCFigure AIStripeSpaceX
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    32 mins
  • How your spending habits shape your relationship (and vice versa)

    How your spending habits shape your relationship (and vice versa)
    Oct 16 2024
    In this episode of Love & other assets, Emily Luk, CEO and co-founder of Plenty, welcomes Scott Rick, a marketing professor at the University of Michigan's Ross School of Business. Rick, who specializes in the psychology of money and relationships, delves into his research on tightwads and spendthrifts, the two distinct spending styles that often clash in romantic relationships.Rick explores the dynamics of different combinations of these spending styles in relationships. Two tightwads tend to be safe and stable but might lack excitement and novelty. Mismatched couples, with one tightwad and one spendthrift, can experience more arguments over money, but Rick suggests strategies to navigate these disagreements, such as letting the tightwad win on material purchases and the spendthrift on shared experiences. Two spendthrifts can be explosive and prone to debt, but they might also enjoy a more adventurous lifestyle.Rick delves into the complexities of mismatched incomes in relationships, highlighting the importance of a "we earn" mentality and joint accounts to avoid scorekeeping and foster a sense of partnership. He stresses that even in relationships with different income levels, everyone should have some personal money to spend independently.Rick also shares his insights on gift giving, emphasizing the significance of surprise and thoughtful gifts that reveal an understanding of the partner's interests and aspirations. He argues that gifts should involve some sacrifice, highlighting the psychological impact of a tightwad's willingness to spend money on their partner.The episode concludes with Rick's current research on tightwads and spendthrifts by state, exploring potential political connections and the impact on spending habits. He also mentions his ongoing research on prenuptial agreementsWhat we discussed:Are you a tightwad or a spendthrift? This episode dives deep into the psychology of spending habits and how they impact your relationships. Find out which category you fall into and how to navigate the financial minefield with your partner.Do opposites really attract? The episode explores the dynamics of mixed-spending couples: tightwad and spendthrift. Discover if those differences lead to constant arguments or can actually create a happy and balanced relationship.Does your childhood impact how you spend money? Learn how early experiences shape our financial habits and how to break the cycle of your parents' spending patterns.How do you handle mismatched incomes in a relationship? Get practical advice on navigating the tricky topic of money when one partner earns significantly more than the other.Is it okay to have some "secret" money? Discover why financial transparency is only sometimes the best policy and learn how to balance shared finances with individual autonomy.What makes a truly thoughtful gift? This episode goes beyond simply buying a present, exploring the art of gift-giving that reveals your understanding and appreciation for your partner.Listen to the full episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Brought to you by Plenty. Plenty is an investment platform designed specifically for couples to build wealth, together. We go beyond budgeting, making it simple to invest, save and grow towards your future goals by unlocking access to the financial strategies of the wealthy. SELECTED LINKS FROM THE EPISODEConnect with Scott Rick: Website| LinkedIn Connect with Emily Luke: Website | LinkedIn | TwitterPlenty: Website | Instagram | Facebook | YouTube | Twitter/X PEOPLE & RESOURCES MENTIONEDChanning AllenAsk RonnaTight Wads and Spendthrifts: Navigating the Money Minefield in Real Relationships
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    35 mins
  • From first kid to first home: Estate planning milestones you don't want to miss with Daniel Goldstein

    From first kid to first home: Estate planning milestones you don't want to miss with Daniel Goldstein
    Oct 9 2024

    In this episode of Love & other assets, Emily welcomes Daniel Goldstein, co-founder and COO of Trust & Will, the leading online estate planning company. Daniel shares his journey to starting Trust & Will, fueled by the realization that there was no easy online solution for estate planning, a common need for millennials navigating milestones like parenthood and homeownership.

    The conversation delves into the insights from Trust & Will’s study on millennials and estate planning, revealing a significant communication gap between millennials and their parents about estate planning. Daniel attributes this gap to inertia, generational differences in money conversations, and the financial squeeze millennials are facing.

    Daniel unpacks the key life milestones that trigger estate planning for many millennials, emphasizing the importance of taking action even when facing a limited net worth. Trust & Will’s user-friendly platform, designed for a digitally native audience, has proven to be highly effective in making estate planning accessible and affordable.

    The conversation includes a practical breakdown of the trust vs. will process, debunking common misconceptions about the need for substantial wealth to utilize these tools. Finally, Daniel shares insights on the growing importance of digital estate planning, particularly for Gen Z, and the increasing partnership between Trust & Will and financial advisors.

    What we discussed

    1. The Trust & Will Story: Daniel reveals the serendipitous journey of starting Trust & Will, driven by his personal experience and the lack of user-friendly solutions in estate planning.
    2. Millennials and Estate Planning: The conversation explores Trust & Will’s study on millennials, highlighting the significant communication gap around estate planning and the factors contributing to it.
    3. Sandwich Generation Challenges: The episode sheds light on the "sandwich generation," particularly for millennials, navigating the simultaneous demands of raising children and caring for aging parents.
    4. Estate Planning for All Net Worths: Daniel debunks the myth that estate planning is only for the wealthy, emphasizing its importance for individuals and families at various stages of life and asset accumulation.
    5. Accessibility and Ease of Use: The episode showcases Trust & Will’s user-friendly platform, making estate planning accessible and straightforward for a digitally native audience.
    6. Digital Estate Planning: The conversation emphasizes the increasing importance of digital estate planning in today's digital world, particularly for managing digital assets.

    Listen to the full episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.

    Brought to you by Plenty. Plenty is an investment platform designed specifically for couples to build wealth, together. We go beyond budgeting, making it simple to invest, save and grow towards your future goals by unlocking access to the financial strategies of the wealthy.

    SELECTED LINKS FROM THE EPISODE

    Connect with Daniel Goldstein: Website| LinkedIn

    Connect with Emily Luke: Website | LinkedIn | Twitter

    Plenty: Website | Instagram | Facebook | YouTube | Twitter/X

    PEOPLE & RESOURCES MENTIONED

    Channing Allen

    Trust & Will

    LegalZoom

    LPL Financial

    Trust & Will's millennial estate planning study

    The Great Wealth Transfer
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    38 mins
  • Modern love, modern marriage: A conversation with Courtly's Micaela Beltran

    Modern love, modern marriage: A conversation with Courtly's Micaela Beltran
    Oct 2 2024

    In this episode of the love & other assets podcast, Emily Luk, CEO and co-founder of Plenty, sits down with Micaela Beltran, co-founder of Courtly, an online marriage platform. They discuss Micaela's journey from New York City native to Manila-based entrepreneur, her experience building Kaya Collaborative, a social enterprise connecting Filipino diaspora youth with volunteer opportunities in the Philippines, and her transition into the startup world.

    Micaela shares insights on building a company with international talent, the benefits and challenges of remote work, and how Courtly makes marriage accessible to everyone, regardless of location, nationality, or sexuality. They also discuss how today's generation views marriage differently, with increased emphasis on personalization and fluidity.

    The conversation touches on the evolution of wedding traditions, the growing popularity of online ceremonies, and the challenges and highlights of building a startup in a gray area of marriage law. Finally, Micaela reveals her excitement for the future of Courtly, including plans to expand its services beyond online marriage and become a comprehensive family services business.

    What we discussed:

    • Building a company with international talent: The benefits and challenges of accessing global talent, leveraging remote work, and navigating cultural differences.
    • Courtly's mission: Making marriage accessible to everyone regardless of location, nationality, or sexuality.
    • The changing landscape of marriage: How today's generation views marriage and weddings differently, focusing on personalization, intimacy, and a more fluid approach to tradition.
    • Challenges and highlights of building a startup: The emotional rollercoaster of entrepreneurship, the uncertainty of navigating a gray area of the law, and the heartwarming moments of witnessing couples get married.
    • Courtly's future plans: Expanding services beyond online marriage to become a comprehensive family services business.
    • The importance of embracing change: Recognizing the evolution of traditions and embracing the new ways people create families and celebrate love.

    Listen to the full episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.

    Brought to you by Plenty. Plenty is an investment platform designed specifically for couples to build wealth, together. We go beyond budgeting, making it simple to invest, save and grow towards your future goals by unlocking access to the financial strategies of the wealthy.

    SELECTED LINKS FROM THE EPISODE

    Connect with Micaela Beltran: Website |LinkedIn

    Connect with Emily Luke: Website | LinkedIn | Twitter

    Plenty: Website | Instagram | Facebook | YouTube | Twitter/X

    PEOPLE & RESOURCES MENTIONED

    Channing Allen

    Courtly: An online marriage platform

    Kaya Collaborative

    Notpot

    Deel
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    28 mins