Welcome to Money talks news, the podcast making you richer one day at a time. Did you know that almost half of women over the age of 65 are single and it's just, it's not just ladies, Stacy's age without partners. Increasingly young women like myself are choosing to stay single after losing a partner or not getting married at all. In fact, research indicates that single women are the happiest demographic we have in this country.

Welcome to Money talks news, the podcast making you richer one day at a time. Did you know that almost half of women over the age of 65 are single and it's just, it's not just ladies, Stacy's age without partners. Increasingly young women like myself are choosing to stay single after losing a partner or not getting married at all. In fact, research indicates that single women are the happiest demographic we have in this country.

That happiness goes away fast. If you have money problems though, no one wants to be a bag lady. It's much better to be a cat lady. Almost all financial advice is aimed at couples. But friend of the show, Pam Kruger from Wealth Ramp is here and she is ready to help us navigate these rough waters. Welcome to the show. Well, welcome back to the show. Pam. Hi, I'm

That happiness goes away fast. If you have money problems though, no one wants to be a bag lady. It's much better to be a cat lady. Almost all financial advice is aimed at couples. But friend of the show, Pam Kruger from Wealth Ramp is here and she is ready to help us navigate these rough waters. Welcome to the show. Well, welcome back to the show. Pam. Hi, I'm

Miranda. Hi, Aaron. It's great to be here.

Miranda. Hi, Aaron. It's great to be here.

Yeah, we've got, yeah, we've got Aaron with us today. He is our producer and sometimes contributor. We're so excited to have you once again, Erin here to uh keep us on the straight and narrow as we get moving into the girl talk.

Yeah, we've got, yeah, we've got Aaron with us today. He is our producer and sometimes contributor. We're so excited to have you once again, Erin here to uh keep us on the straight and narrow as we get moving into the girl talk.

I can wait to hear what you guys are going to say and it seems like men are not satisfying the Yoder ladies

I can wait to hear what you guys are going to say and it seems like men are not satisfying the Yoder ladies

or even some of the younger ladies. Let's be honest. Uh Stacy Stacy is absent today. He is on a plane to New York. So we're hoping he's having a good time, but we're gonna have a fine time without him as well. Let's go ahead and get into this, uh, this episode's topic.

or even some of the younger ladies. Let's be honest. Uh Stacy Stacy is absent today. He is on a plane to New York. So we're hoping he's having a good time, but we're gonna have a fine time without him as well. Let's go ahead and get into this, uh, this episode's topic.

So first of all, it is important for women, especially single women to get their finances in order early on, since older women are more likely than men to be in poverty. So let's start with that. Pam. What, why do single women need to be more aware of their finances than the men?

So first of all, it is important for women, especially single women to get their finances in order early on, since older women are more likely than men to be in poverty. So let's start with that. Pam. What, why do single women need to be more aware of their finances than the men?

Let's start from that

Let's start from that

happy point of view.

happy point of view.

I mean, talk about you guys, but I've been, I've just been like a barrage of all these, you know, single women have smaller 401k and Ira nest eggs. We know that. So between 55 and 64 women have about 88,000 to 90,000 in retirement savings compared to about 100 and 37,000 for a single man.

I mean, talk about you guys, but I've been, I've just been like a barrage of all these, you know, single women have smaller 401k and Ira nest eggs. We know that. So between 55 and 64 women have about 88,000 to 90,000 in retirement savings compared to about 100 and 37,000 for a single man.

So married couples, it's even, it's even more. So it's obvious that women are behind the eight ball. And I think that probably there's been enough written and enough discussed about the reasons why I think it's really important. I love this topic. I love that you wanted to get into it because it's like, ok, what do we do about

So married couples, it's even, it's even more. So it's obvious that women are behind the eight ball. And I think that probably there's been enough written and enough discussed about the reasons why I think it's really important. I love this topic. I love that you wanted to get into it because it's like, ok, what do we do about

it?

it?

Right. Yeah, exactly. And part of that has to do with, right, what we, what we've seen in the past, in the past years, like you said, uh, much ink has been spilled and much digital ink has been spilled on this subject.

Right. Yeah, exactly. And part of that has to do with, right, what we, what we've seen in the past, in the past years, like you said, uh, much ink has been spilled and much digital ink has been spilled on this subject.

But, you know, just kind of a quick recap. Part of it has to do with our years of traditional gender roles, the fact that women were expected to be caretakers. And so they're behind in their careers, whether it's because they took off 10 years to raise kids, whether it's they're caring for an elderly family member, whatever it is, women are usually behind, they lose those earning years, they lose those chances to uh to get, to get that uh nest egg built. And

But, you know, just kind of a quick recap. Part of it has to do with our years of traditional gender roles, the fact that women were expected to be caretakers. And so they're behind in their careers, whether it's because they took off 10 years to raise kids, whether it's they're caring for an elderly family member, whatever it is, women are usually behind, they lose those earning years, they lose those chances to uh to get, to get that uh nest egg built. And

when you're a couple, uh some of the things that you have that you can do, you know, and this, this doesn't include, you know, single moms like I was a single mom uh for, for several years after my divorce. And so, you know, if you're a couple, you can be like, OK, I would like you, my husband or um or wife, I would like you to do a spousal contribution to my IRA. And that can help you if you're a married couple. But if you are a single lady, you do not have that option

when you're a couple, uh some of the things that you have that you can do, you know, and this, this doesn't include, you know, single moms like I was a single mom uh for, for several years after my divorce. And so, you know, if you're a couple, you can be like, OK, I would like you, my husband or um or wife, I would like you to do a spousal contribution to my IRA. And that can help you if you're a married couple. But if you are a single lady, you do not have that option

and it can be expensive to be single. So

and it can be expensive to be single. So

our and, and, and you know, more, more, more women are working and they're choosing to be single. So now we need to talk about. The other problem is that it's expensive to be single in our society. So what are? Yeah, so, so what are some ways to, first of all, before we even start about fixing that retirement piece? How do you deal with the expenses that come with being single in this society?

our and, and, and you know, more, more, more women are working and they're choosing to be single. So now we need to talk about. The other problem is that it's expensive to be single in our society. So what are? Yeah, so, so what are some ways to, first of all, before we even start about fixing that retirement piece? How do you deal with the expenses that come with being single in this society?

So, are you

So, are you

asking me if I'm single?

asking me if I'm single?

Because the answer

Because the answer

is sometimes.

is sometimes.

But seriously, the, I mean, Aaron's here too. A lot of men are listening, single people. You know, I, I love that. We're talking about single people who are solo because there's so many misconceptions about, you know, you've heard it said many times uh probably that,

But seriously, the, I mean, Aaron's here too. A lot of men are listening, single people. You know, I, I love that. We're talking about single people who are solo because there's so many misconceptions about, you know, you've heard it said many times uh probably that,

well, you know, when you're single and you're on your own and you don't have to pay for kids. Oh my gosh, you've had all this opportunity to save so much more money. You should have so much more money. Well, you want to know the reality of like economics, household economics compared like a solo compared to uh being in a family. Um And having two people. Um According to the Federal Reserve,

well, you know, when you're single and you're on your own and you don't have to pay for kids. Oh my gosh, you've had all this opportunity to save so much more money. You should have so much more money. Well, you want to know the reality of like economics, household economics compared like a solo compared to uh being in a family. Um And having two people. Um According to the Federal Reserve,

if you compare the median net worth of a single headed household to a married couple, the couple's net worth,

if you compare the median net worth of a single headed household to a married couple, the couple's net worth,

it wasn't just two times higher, it wasn't four times higher. It nine times higher than the single person we're talking about right now. The Federal Reserve was talking about 25 to 34 year olds. That's the group that it was being analyzed. But that shocked me. You know, because you're thinking about

it wasn't just two times higher, it wasn't four times higher. It nine times higher than the single person we're talking about right now. The Federal Reserve was talking about 25 to 34 year olds. That's the group that it was being analyzed. But that shocked me. You know, because you're thinking about

all the different ways that it does. You have these economies of scale. Um, you're splitting, you know, the payment that you're making on your housing, which is by far our biggest expense. Um, yeah, you have kids and everything else but you've got

all the different ways that it does. You have these economies of scale. Um, you're splitting, you know, the payment that you're making on your housing, which is by far our biggest expense. Um, yeah, you have kids and everything else but you've got

financial stability as a couple. So that's how it bears out. That's just, those are just the numbers and I mean, the average single person is spending about $18,000 right now on housing, whether it's rent

financial stability as a couple. So that's how it bears out. That's just, those are just the numbers and I mean, the average single person is spending about $18,000 right now on housing, whether it's rent

or whether that's mortgage, right? And a married couple spends about 12.5 1000 each. So that's comparing an individual to an individual once you're, you know, when you're in a couple and you're not operating, you're operating as a solo. So look at the difference. So the economics of living single are challenging. I'm not saying, feel sorry for people who are single because as you said, and pointed out

or whether that's mortgage, right? And a married couple spends about 12.5 1000 each. So that's comparing an individual to an individual once you're, you know, when you're in a couple and you're not operating, you're operating as a solo. So look at the difference. So the economics of living single are challenging. I'm not saying, feel sorry for people who are single because as you said, and pointed out

they might be having more fun. I don't know. Um, but, you know, it's, it's, they're not socking away the huge amounts of money because they're not paying for kids educations. That's, that's a misunderstanding.

they might be having more fun. I don't know. Um, but, you know, it's, it's, they're not socking away the huge amounts of money because they're not paying for kids educations. That's, that's a misunderstanding.

Yeah, I think that's a really good point and I think when we're trying to, when we're talking about getting your financial feet under you and building that foundation? What are some of the things that you can start to do and, and we're gonna get into investing and things that you can do as a single woman or even just a single person a little bit later on. But, um, what are some of the basics like if you're not ready to get that investing piece? But what are some of the basic,

Yeah, I think that's a really good point and I think when we're trying to, when we're talking about getting your financial feet under you and building that foundation? What are some of the things that you can start to do and, and we're gonna get into investing and things that you can do as a single woman or even just a single person a little bit later on. But, um, what are some of the basics like if you're not ready to get that investing piece? But what are some of the basic,

uh, financial things that you can do as a single person to start laying that foundation and get your finances in order.

uh, financial things that you can do as a single person to start laying that foundation and get your finances in order.

It's, it's the foundational first. And I would recommend that anyone who's thinking about how they're approaching as a solo investor, solo saver, solo homeowner or solo renter, whatever, try to imagine that your cash cushion

It's, it's the foundational first. And I would recommend that anyone who's thinking about how they're approaching as a solo investor, solo saver, solo homeowner or solo renter, whatever, try to imagine that your cash cushion

in your emergency reserves might need to be a little bit bigger. And that's what you really want to point and shoot for first and foremost. And that means you have to be really intentional and very strategic about getting rid of your debt. So before you can really, it's, and, and that actually take the back. It's not before you can start to really see your nest egg for your emergency savings,

in your emergency reserves might need to be a little bit bigger. And that's what you really want to point and shoot for first and foremost. And that means you have to be really intentional and very strategic about getting rid of your debt. So before you can really, it's, and, and that actually take the back. It's not before you can start to really see your nest egg for your emergency savings,

get getting bigger, your foundation getting stronger. You, you don't necessarily have to have all your debt paid off. You can do both things at the same time. In fact, I recommend it. Is there a correlation between being single and higher debt um that I don't know off the top of my head. Um But my gut without checking the statistics would probably suggest that that's, that's the case, you know, because when you have someone else,

get getting bigger, your foundation getting stronger. You, you don't necessarily have to have all your debt paid off. You can do both things at the same time. In fact, I recommend it. Is there a correlation between being single and higher debt um that I don't know off the top of my head. Um But my gut without checking the statistics would probably suggest that that's, that's the case, you know, because when you have someone else,

you've got some fortification. So something happens to you, you, you said it's nine times more if you're married. So there you go, you're net worth something to it. So I think that as a solo in a single,

you've got some fortification. So something happens to you, you, you said it's nine times more if you're married. So there you go, you're net worth something to it. So I think that as a solo in a single,

you have to be a lot more intentional

you have to be a lot more intentional

and thoughtful about everything you do. And that comes down to budgeting because one of the, one of the areas just in your everyday life that you can really save is you don't have to buy food for two.

and thoughtful about everything you do. And that comes down to budgeting because one of the, one of the areas just in your everyday life that you can really save is you don't have to buy food for two.

You don't have to buy food that you don't like because the other person in your household might like that food. You can really be very, very strategic and very careful about where you cut your budget so that it really fits with you. And I think that sounds really silly like that's really small. That's not a big deal. It is a big deal when you add it up over years of time and habits. So really Miranda and Erin, I think that um

You don't have to buy food that you don't like because the other person in your household might like that food. You can really be very, very strategic and very careful about where you cut your budget so that it really fits with you. And I think that sounds really silly like that's really small. That's not a big deal. It is a big deal when you add it up over years of time and habits. So really Miranda and Erin, I think that um

on the younger side or even mid career, it it's about getting into these habits with your budget and being very intentional, really work on strategies to pay down the debt. But at the same time, aim for a higher cash cushion. It doesn't mean you're not going to put money into your 401k for your retirement because God knows we need to, but have that cash cushion in your mind as well. Maybe being a little bit bigger than if you were married.

on the younger side or even mid career, it it's about getting into these habits with your budget and being very intentional, really work on strategies to pay down the debt. But at the same time, aim for a higher cash cushion. It doesn't mean you're not going to put money into your 401k for your retirement because God knows we need to, but have that cash cushion in your mind as well. Maybe being a little bit bigger than if you were married.

Yeah. And I think too, there's some really interesting, I like, I like the idea of getting that cash cushion. I think, really focusing on how you're making money doing the side, hustles doing the, doing the promotions. One of the things that's really interesting about younger generations, especially, uh you know, millennial and gen Z women is that they are willing to job hop for that promotion or that raise and really doing that and banking those bucks uh is, is a big part of that.

Yeah. And I think too, there's some really interesting, I like, I like the idea of getting that cash cushion. I think, really focusing on how you're making money doing the side, hustles doing the, doing the promotions. One of the things that's really interesting about younger generations, especially, uh you know, millennial and gen Z women is that they are willing to job hop for that promotion or that raise and really doing that and banking those bucks uh is, is a big part of that.

And then the other thing that I find really interesting is uh we're starting to see among single people, uh especially single women, they're going in on housing together and making their little like friend communes so that they can share costs, share, share, share costs for subscriptions and groceries. And I'm not going to lie. I mean, I love my apartment and I love my alone time and I am fortunate that I can afford to live by myself.

And then the other thing that I find really interesting is uh we're starting to see among single people, uh especially single women, they're going in on housing together and making their little like friend communes so that they can share costs, share, share, share costs for subscriptions and groceries. And I'm not going to lie. I mean, I love my apartment and I love my alone time and I am fortunate that I can afford to live by myself.

But uh I love these stories of women buying, you know, these like 1 $1 million homes so that five of them can like retire together and

But uh I love these stories of women buying, you know, these like 1 $1 million homes so that five of them can like retire together and

together. You

together. You

just answered a question that I was going to, I was trying to figure out an end to ask it. But I was looking at a pew research that said half of singles are not looking to date and it says most older single women are not looking to date like 62% of them.

just answered a question that I was going to, I was trying to figure out an end to ask it. But I was looking at a pew research that said half of singles are not looking to date and it says most older single women are not looking to date like 62% of them.

And I was thinking, ok, so if you're trying to make more money being single, like, is there an alternate to this whole marriage concept? And you just answered it, you know, investing with friends?

And I was thinking, ok, so if you're trying to make more money being single, like, is there an alternate to this whole marriage concept? And you just answered it, you know, investing with friends?

Exactly. And I think, and I think that's something that we're starting to see a little bit more of in our society because all of these studies, we talked about this, uh a little bit earlier, it says that women, single women who have never had Children are the happiest demographic. The second happiest demographic are uh divorced women. And so, so when you look at this and they look at these longitudinal studies, um women are saying, wait a second, um

Exactly. And I think, and I think that's something that we're starting to see a little bit more of in our society because all of these studies, we talked about this, uh a little bit earlier, it says that women, single women who have never had Children are the happiest demographic. The second happiest demographic are uh divorced women. And so, so when you look at this and they look at these longitudinal studies, um women are saying, wait a second, um

if I can't find like a true equal, if I can't find somebody who's emotionally emotionally evolved, then let's move in with some ladies and share and share some costs. And, uh, and it's, it's very, it's been very interesting.

if I can't find like a true equal, if I can't find somebody who's emotionally emotionally evolved, then let's move in with some ladies and share and share some costs. And, uh, and it's, it's very, it's been very interesting.

I

I

think it's really cool that it's an idea. I think it's an,

think it's really cool that it's an idea. I think it's an,

I think it's fantastic to feel that you, that there, you have friends out there that are like you, you've known each other long enough. You, you feel like there's AAA good sense that you can do that and pool your resources in some way. Uh, the flip side of that is that you might lose your best friends over it too.

I think it's fantastic to feel that you, that there, you have friends out there that are like you, you've known each other long enough. You, you feel like there's AAA good sense that you can do that and pool your resources in some way. Uh, the flip side of that is that you might lose your best friends over it too.

You know what I mean? I've seen it happen where I have a girlfriend who actually did this because it was the only way she could buy this beautiful condominium that and both of them really wanted it and they'd known each other for years and they were going to do the whole cost sharing thing, almost like a married couple. But, I mean, they had boyfriends and lives and outside of that and so forth and they wound up

You know what I mean? I've seen it happen where I have a girlfriend who actually did this because it was the only way she could buy this beautiful condominium that and both of them really wanted it and they'd known each other for years and they were going to do the whole cost sharing thing, almost like a married couple. But, I mean, they had boyfriends and lives and outside of that and so forth and they wound up

finding out that they really didn't knew each other, like what they thought they did and it just killed the friendship and let me tell you something, it put my friend, I'm not gonna say her name. It put her years behind years. That was a huge loss because they didn't keep the condo long enough. You know, that's something you got to think about with this. If you are going to buy something with other people. I love the concept. Maybe renting is better

finding out that they really didn't knew each other, like what they thought they did and it just killed the friendship and let me tell you something, it put my friend, I'm not gonna say her name. It put her years behind years. That was a huge loss because they didn't keep the condo long enough. You know, that's something you got to think about with this. If you are going to buy something with other people. I love the concept. Maybe renting is better

because then you have a, you have an easy out right when you're renting. Yeah. Maybe it's a year, maybe. So you buy out the least when you go into a mortgage with somebody else and that's not your life partner with kids and all that. I don't know.

because then you have a, you have an easy out right when you're renting. Yeah. Maybe it's a year, maybe. So you buy out the least when you go into a mortgage with somebody else and that's not your life partner with kids and all that. I don't know.

You know, I think that, that I saw, I saw what happened with her in her case and it wasn't pretty, it didn't work out. It really took away so much of her net worth. Um, so I think that, yeah, you have to consider how you're gonna cost share. On the other hand, I have another friend who's younger. Um, she's in her forties and I think people have been asking her, you know, why don't you just rent on your own? Now? You can afford to,

You know, I think that, that I saw, I saw what happened with her in her case and it wasn't pretty, it didn't work out. It really took away so much of her net worth. Um, so I think that, yeah, you have to consider how you're gonna cost share. On the other hand, I have another friend who's younger. Um, she's in her forties and I think people have been asking her, you know, why don't you just rent on your own? Now? You can afford to,

she know she lives in a pretty expensive area. And, and she, her answer is I don't want to. We were roommates since college. We have our own lives and we've got boyfriends and all that. They're not a couple but they, but they live as two single people together and they save a ton of money. But remember they knew each other and the friendship is came first and they're renting not owning. So that's, that's the only tale of caution that I have there.

she know she lives in a pretty expensive area. And, and she, her answer is I don't want to. We were roommates since college. We have our own lives and we've got boyfriends and all that. They're not a couple but they, but they live as two single people together and they save a ton of money. But remember they knew each other and the friendship is came first and they're renting not owning. So that's, that's the only tale of caution that I have there.

And I, I really like that approach where you sit down and say, wait a second. I know this person and it's actually, you know, somewhat similar before you get married right before you decide to get married and have a partner. You know, we always talk about, you should sit down, you should have these money conversations and you should lay it out and get to know each other before you, before you get married.

And I, I really like that approach where you sit down and say, wait a second. I know this person and it's actually, you know, somewhat similar before you get married right before you decide to get married and have a partner. You know, we always talk about, you should sit down, you should have these money conversations and you should lay it out and get to know each other before you, before you get married.

I was gonna say a contract is a contract. I mean, everything that you just you know, put out there. Pam. It's no different than two people

I was gonna say a contract is a contract. I mean, everything that you just you know, put out there. Pam. It's no different than two people

getting married, getting into something and finding out they don't like each other, you know. Uh, and then that all goes to hell. Yeah. Except the expectations different when you're single and you're going into it with friends. You're, you're really keeping that single frame of mind and yet you're expecting your finances are going to be able to accommodate, um, two people doing this, two people sharing that utilities, you've got a zillion little details that have to be shared

getting married, getting into something and finding out they don't like each other, you know. Uh, and then that all goes to hell. Yeah. Except the expectations different when you're single and you're going into it with friends. You're, you're really keeping that single frame of mind and yet you're expecting your finances are going to be able to accommodate, um, two people doing this, two people sharing that utilities, you've got a zillion little details that have to be shared

and that it just could, it could ruin a friendship just like going into business with somebody or loaning a friend money. You know, that, that you know, that can ruin it. So I don't know, I think that renting and sharing that way is brilliant

and that it just could, it could ruin a friendship just like going into business with somebody or loaning a friend money. You know, that, that you know, that can ruin it. So I don't know, I think that renting and sharing that way is brilliant

and I see more and more people doing that, older, older, single people doing that.

and I see more and more people doing that, older, older, single people doing that.

All right. So now that we've built our foundation, we're saving our money. It is time to talk about what are some ideas for us to invest and then also to continue building our wealth and shepherding that wealth as single people. And one way pam that you suggested might work when we were talking about, this was one way many single women are getting ahead is through real estate investment and rental properties. And I think this is

All right. So now that we've built our foundation, we're saving our money. It is time to talk about what are some ideas for us to invest and then also to continue building our wealth and shepherding that wealth as single people. And one way pam that you suggested might work when we were talking about, this was one way many single women are getting ahead is through real estate investment and rental properties. And I think this is

really great because we just found out that single women own more homes than single men. So uh the National Association of Realtors just put out this, this uh this survey, the study, this information and they were like, hey, right, married couples, like couples, committed, couples are like the number one owners of home, but the number two owners of homes are single women and

really great because we just found out that single women own more homes than single men. So uh the National Association of Realtors just put out this, this uh this survey, the study, this information and they were like, hey, right, married couples, like couples, committed, couples are like the number one owners of home, but the number two owners of homes are single women and

they are ahead of single men. So, uh, so pam, let's talk about this. How do you get ahead?

they are ahead of single men. So, uh, so pam, let's talk about this. How do you get ahead?

Is that because they divorced their husband and took the

Is that because they divorced their husband and took the

home?

home?

No, no, no. It's like it's single women buying it. Erin.

No, no, no. It's like it's single women buying it. Erin.

You're such, you're such a good sergeant. It's valid.

You're such, you're such a good sergeant. It's valid.

But no, actually they, they buy, yeah, it's actually home buyers. So yeah, it's a,

But no, actually they, they buy, yeah, it's actually home buyers. So yeah, it's a,

yeah, that's a cool, that's a cool thing. So anyway, uh so can you talk about that a little bit, Pam? Tell us a little bit about how do you get into this real estate? How do you do this rental property? And why is it something that single women excel at?

yeah, that's a cool, that's a cool thing. So anyway, uh so can you talk about that a little bit, Pam? Tell us a little bit about how do you get into this real estate? How do you do this rental property? And why is it something that single women excel at?

We are women,

We are women,

we love real estate. Um So yeah, let's talk about real estate investments. Um Not everybody builds up their entire net worth by only investing in the S and P 500.

we love real estate. Um So yeah, let's talk about real estate investments. Um Not everybody builds up their entire net worth by only investing in the S and P 500.

Um We all know that diversification when it comes to investments and building wealth wins all battles when it comes to being a successful investor in real estate is a piece of that and it's a super valuable asset. And historically, you know, like you say, you might think of men as the big real estate investors and something that women

Um We all know that diversification when it comes to investments and building wealth wins all battles when it comes to being a successful investor in real estate is a piece of that and it's a super valuable asset. And historically, you know, like you say, you might think of men as the big real estate investors and something that women

in particular have had the battle against to become homeowners. Is there is a bias. I'm not saying anybody is a victim. I am saying that the reality is, there's a bias. It's been historically a bias when it comes to getting a mortgage. It wasn't that long ago.

in particular have had the battle against to become homeowners. Is there is a bias. I'm not saying anybody is a victim. I am saying that the reality is, there's a bias. It's been historically a bias when it comes to getting a mortgage. It wasn't that long ago.

The bank would require your husband's signature on a law. So I was having this conversation with Dave Rowan, who's one of the advisors in my network, one of the the only advisors he happens to specialize in working with single people who want to buy real estate, specifically women. So I met

The bank would require your husband's signature on a law. So I was having this conversation with Dave Rowan, who's one of the advisors in my network, one of the the only advisors he happens to specialize in working with single people who want to buy real estate, specifically women. So I met

one of his clients um who lives in Arizona and she also lives in Massachusetts. She has a home there and a home here. She's single. She's over just over 60 she was like a nurse, her entire career, but she's been divorced a really long time, no Children. So she's completely on her own and she's completely in love

one of his clients um who lives in Arizona and she also lives in Massachusetts. She has a home there and a home here. She's single. She's over just over 60 she was like a nurse, her entire career, but she's been divorced a really long time, no Children. So she's completely on her own and she's completely in love

with real estate. So she uh yeah, she has, you know, stocks bonds. She's got her emergency savings and C DS and short term bonds. But investing is where her heart is. So she bought two investment properties on her own and she manages both of those. She manages and then rents them both out. Now being a landlord and getting that kind of passive income by being a landlord.

with real estate. So she uh yeah, she has, you know, stocks bonds. She's got her emergency savings and C DS and short term bonds. But investing is where her heart is. So she bought two investment properties on her own and she manages both of those. She manages and then rents them both out. Now being a landlord and getting that kind of passive income by being a landlord.

It isn't for everybody. I'm gonna be honest, it wouldn't really be for me. But when it works, it becomes a whole new business that you own. And it turns out that, you know, some women love to not only own but they love to renovate and flip. So it's, it's really appealing to single women. It, it really paints a picture of financial independence, independence and stability

It isn't for everybody. I'm gonna be honest, it wouldn't really be for me. But when it works, it becomes a whole new business that you own. And it turns out that, you know, some women love to not only own but they love to renovate and flip. So it's, it's really appealing to single women. It, it really paints a picture of financial independence, independence and stability

because if you do lose your job and you don't have your 401k growing for you anymore, you know, by contributions being um made all the time out of your paycheck and you interrupt that this is a real estate is a wealth building strategy and it's a viable way to do that. So women are becoming more educated about investment strategies, different ways they can create this passive income through managing rental property.

because if you do lose your job and you don't have your 401k growing for you anymore, you know, by contributions being um made all the time out of your paycheck and you interrupt that this is a real estate is a wealth building strategy and it's a viable way to do that. So women are becoming more educated about investment strategies, different ways they can create this passive income through managing rental property.

And then the wealth generated, you know, from this income, you got a picture, it might not happen overnight. Real estate never does unless you're really lucky and win the lotto. But once you've got your systems in place and that's the key, then the passive income just grows steadily exponentially over time. Um And then again, you know, you've got to look at the pros and cons compared to

And then the wealth generated, you know, from this income, you got a picture, it might not happen overnight. Real estate never does unless you're really lucky and win the lotto. But once you've got your systems in place and that's the key, then the passive income just grows steadily exponentially over time. Um And then again, you know, you've got to look at the pros and cons compared to

couples who invest in real estate versus single people who invest in real estate. And I, I'm going to bring out one of the, one of the advantages of investing by yourself in real estate is ultimate flexibility. You know, part of the thing that can really kill a couple is having to make a zillion decisions together. What about this? What about the finish? What about that? But, uh, you know, it goes on and on and on and you have to consider everything in this case when you're single, you kind of have the power to just go, you know what,

couples who invest in real estate versus single people who invest in real estate. And I, I'm going to bring out one of the, one of the advantages of investing by yourself in real estate is ultimate flexibility. You know, part of the thing that can really kill a couple is having to make a zillion decisions together. What about this? What about the finish? What about that? But, uh, you know, it goes on and on and on and you have to consider everything in this case when you're single, you kind of have the power to just go, you know what,

I'm gonna make some changes and adjustments and I'll check in with an expert, but I don't need to consult anybody else. And that's kind of a cool thing.

I'm gonna make some changes and adjustments and I'll check in with an expert, but I don't need to consult anybody else. And that's kind of a cool thing.

Yeah. And I think that's, that's been one of the things that I have loved. Uh And once again, I always have to say like I actually like my ex-husband. Uh we're still friends uh Whenever I'm in Philadelphia, we get lunch. Uh So, so I actually really like my ex-husband, but

Yeah. And I think that's, that's been one of the things that I have loved. Uh And once again, I always have to say like I actually like my ex-husband. Uh we're still friends uh Whenever I'm in Philadelphia, we get lunch. Uh So, so I actually really like my ex-husband, but

when, after the divorce, the feeling of freedom or I could be like, oh, I can make all of these investment decisions the way I want to make them. And like you said, that freedom, that flexibility and it's not just real estate investing, right? If you start a business. So I like you buying a real estate and managing a portfolio of rental property is, is not my jam.

when, after the divorce, the feeling of freedom or I could be like, oh, I can make all of these investment decisions the way I want to make them. And like you said, that freedom, that flexibility and it's not just real estate investing, right? If you start a business. So I like you buying a real estate and managing a portfolio of rental property is, is not my jam.

Uh I do have some reeds if I want to add like real estate, that's real estate investment trust. If I want to add real estate diversity to my portfolio, which I do, I, I use reeds and, and those are doing great. I'm actually getting some good dividends from some of my reeds, which has been nice. But um but I, but having that flexibility and not having to consult with somebody all the time,

Uh I do have some reeds if I want to add like real estate, that's real estate investment trust. If I want to add real estate diversity to my portfolio, which I do, I, I use reeds and, and those are doing great. I'm actually getting some good dividends from some of my reeds, which has been nice. But um but I, but having that flexibility and not having to consult with somebody all the time,

not having that joint investment account, not having to be like, oh, this is how I wanna run my business uh before the divorce, he was on the business with me. And I was fortunate in that when we did divorce, we just dissolved, the business dissolved the assets, it was fine and then I just restarted a business myself and it worked out very well. Um I have seen other women who don't

not having that joint investment account, not having to be like, oh, this is how I wanna run my business uh before the divorce, he was on the business with me. And I was fortunate in that when we did divorce, we just dissolved, the business dissolved the assets, it was fine and then I just restarted a business myself and it worked out very well. Um I have seen other women who don't

have prenups or post nups, uh have a business and their ex is not as nice as mine and they come after the business. So that's a, that's a, that's a whole other podcast episode. But uh but I did find that the flexibility to rejigger my business and do it the way I want and like you said, similar to rental properties setting up systems

have prenups or post nups, uh have a business and their ex is not as nice as mine and they come after the business. So that's a, that's a, that's a whole other podcast episode. But uh but I did find that the flexibility to rejigger my business and do it the way I want and like you said, similar to rental properties setting up systems

and, and doing that because if you are single and you are doing this on your own before you hire help before you have really that ability to hire, help having systems in place to have that business running smoothly and get that money coming in without you having to, you know, need 50 hours in the day. Is it's super helpful.

and, and doing that because if you are single and you are doing this on your own before you hire help before you have really that ability to hire, help having systems in place to have that business running smoothly and get that money coming in without you having to, you know, need 50 hours in the day. Is it's super helpful.

Do you think, do you guys think the home and the uh, the home flipping shows and stuff like that kind of empowered everybody to think along those lines. I mean,

Do you think, do you guys think the home and the uh, the home flipping shows and stuff like that kind of empowered everybody to think along those lines. I mean,

or is it because, I mean, I can identify with women wanting to do real estate just because I feel like it's, it's more tangible. It's something that's within your control. Like, like, you know, you can invest in stocks and stuff, which is, you know, time, time tested, but there's something about not being able to control that company's profits. Whereas with your house it's your property, you go,

or is it because, I mean, I can identify with women wanting to do real estate just because I feel like it's, it's more tangible. It's something that's within your control. Like, like, you know, you can invest in stocks and stuff, which is, you know, time, time tested, but there's something about not being able to control that company's profits. Whereas with your house it's your property, you go,

I could change the color of that thing. I can do whatever you want. Instead of, I think it's in addition to you're building a portfolio that's diversified. So owning real estate, you own your own home and then from there you decide you want to buy something else as a rental property or you want to add an ad U to your property or whatever it is. Yeah, I think the flipping shows have definitely got people a lot, you know, excited about the prospects of making money doing

I could change the color of that thing. I can do whatever you want. Instead of, I think it's in addition to you're building a portfolio that's diversified. So owning real estate, you own your own home and then from there you decide you want to buy something else as a rental property or you want to add an ad U to your property or whatever it is. Yeah, I think the flipping shows have definitely got people a lot, you know, excited about the prospects of making money doing

this. And I think that anyone who's single, who's thinking about going into that aspect of it, I would recommend to get together with others who have already done it or an advisor like Dave, who can tell you, let me save you some time here and a lot of money. These are the guidelines, these are the systems that need to be put into place that you need to work out so that you have like a really nice flow, a workflow

this. And I think that anyone who's single, who's thinking about going into that aspect of it, I would recommend to get together with others who have already done it or an advisor like Dave, who can tell you, let me save you some time here and a lot of money. These are the guidelines, these are the systems that need to be put into place that you need to work out so that you have like a really nice flow, a workflow

of all the checklist, things that you need to be able to do. And then remember when you're watching the flipping shows, you know, you're always seeing them go in and, you know, just the, the editing and everything is always like, OK, day three, it looked like this day six, it was done, you know that in real world you either have to have the right crew and the right people or the right partner

of all the checklist, things that you need to be able to do. And then remember when you're watching the flipping shows, you know, you're always seeing them go in and, you know, just the, the editing and everything is always like, OK, day three, it looked like this day six, it was done, you know that in real world you either have to have the right crew and the right people or the right partner

or, you know, you have to figure out how you're going to renovate and live there at the same time. So I think you have to take all those things with a grain of salt.

or, you know, you have to figure out how you're going to renovate and live there at the same time. So I think you have to take all those things with a grain of salt.

Yeah. And, and we do actually have a great podcast episode about house flipping and how to do it with Mendy Jensen from bigger pockets. So we're gonna include that in the show notes. So you can hop on in there and check that out and, and see how that works. And I think, you know what you talked about different strategies for singles to invest. You know, we're talking about real estate. We're talking about if you want to start a business, that's a great way to invest in yourself

Yeah. And, and we do actually have a great podcast episode about house flipping and how to do it with Mendy Jensen from bigger pockets. So we're gonna include that in the show notes. So you can hop on in there and check that out and, and see how that works. And I think, you know what you talked about different strategies for singles to invest. You know, we're talking about real estate. We're talking about if you want to start a business, that's a great way to invest in yourself

and in your future. Uh I have my business uh I use reeds instead of actually doing the, the tangible nitty gritty. Uh because as we all know on this show, I am lazy and I don't want to do that. But also, but, you know, indexing is also fine. We talked about that a little bit, a little bit of indexing is good to build your retirement portfolio for the future. Make sure you're getting your matches when you have them

and in your future. Uh I have my business uh I use reeds instead of actually doing the, the tangible nitty gritty. Uh because as we all know on this show, I am lazy and I don't want to do that. But also, but, you know, indexing is also fine. We talked about that a little bit, a little bit of indexing is good to build your retirement portfolio for the future. Make sure you're getting your matches when you have them

and you know, and, and you can diversify with some individual stocks as well. We've got some, some great episodes from Stacy on how to find those individual stocks and, and do that. But once you're starting to build that wealth, I mean, part of your investing, part of your finances as a single person is estate planning. How do you leave your legacy? What are we doing there? So, Pam, can you tell us a little bit more about the importance of estate planning and figuring out

and you know, and, and you can diversify with some individual stocks as well. We've got some, some great episodes from Stacy on how to find those individual stocks and, and do that. But once you're starting to build that wealth, I mean, part of your investing, part of your finances as a single person is estate planning. How do you leave your legacy? What are we doing there? So, Pam, can you tell us a little bit more about the importance of estate planning and figuring out

what you're gonna do with these riches after you're gone? I mean, I'm planning to spend till I die. I'm just, I'm, I'm, I'm that die with zero lady. But if you want to leave Bell's legacy,

what you're gonna do with these riches after you're gone? I mean, I'm planning to spend till I die. I'm just, I'm, I'm, I'm that die with zero lady. But if you want to leave Bell's legacy,

a lot of people are doing this, uh, retire while they're, uh,

a lot of people are doing this, uh, retire while they're, uh,

like the 401 Ks aren't set up. I know a lot of people are doing the retire throughout, like they're spending their money right through retirement. They're not waiting for retirement. And that doesn't mean that you're not charitable. It means that I'm like that I want to give my money away while I can enjoy someone. Enjoy it,

like the 401 Ks aren't set up. I know a lot of people are doing the retire throughout, like they're spending their money right through retirement. They're not waiting for retirement. And that doesn't mean that you're not charitable. It means that I'm like that I want to give my money away while I can enjoy someone. Enjoy it,

you know? Yeah, of course. You want to do something in advance and have your beneficiaries thoughtfully, you know, your, your heirs in case something happens to you, you can't predict the date you're gonna disappear off the earth. So you've gotta have like that idea. Well, you know, if I

you know? Yeah, of course. You want to do something in advance and have your beneficiaries thoughtfully, you know, your, your heirs in case something happens to you, you can't predict the date you're gonna disappear off the earth. So you've gotta have like that idea. Well, you know, if I

died before I spent all my money, what am I going to do with it? But it's much more than that you guys, because I've just been through this with, with two situations and these are both situations where the people are younger. Um, I have a really dear friend who's single and she died of lung cancer

died before I spent all my money, what am I going to do with it? But it's much more than that you guys, because I've just been through this with, with two situations and these are both situations where the people are younger. Um, I have a really dear friend who's single and she died of lung cancer

in January. And so our other friend or other mutual friend because she didn't have any other family. None, not even nieces and nephews. So as her best friends, she asked one of our best friends to be the executor because she lives here and she's closest to her and

in January. And so our other friend or other mutual friend because she didn't have any other family. None, not even nieces and nephews. So as her best friends, she asked one of our best friends to be the executor because she lives here and she's closest to her and

that by, by seeing what,

that by, by seeing what,

what Wendy is going through, by looking through our friend's estate, it taught us so much firsthand about. Oh my gosh. Don't wait as a single person. Things like this. Think about this. It's not just leaving money behind or you know, who, who am I gonna leave my necklace to? It's not that what really matters is something like what if I don't die, but I am all of a sudden, I'm medically unable to make decisions

what Wendy is going through, by looking through our friend's estate, it taught us so much firsthand about. Oh my gosh. Don't wait as a single person. Things like this. Think about this. It's not just leaving money behind or you know, who, who am I gonna leave my necklace to? It's not that what really matters is something like what if I don't die, but I am all of a sudden, I'm medically unable to make decisions

that's part of estate planning,

that's part of estate planning,

figuring out who is going to be your appointed person designated to be your health care proxy in case you can't speak for yourself. That is so huge. You think about that as a single person, you need that even more than someone who's married with kids. And then, you know, you also think about uh the other

figuring out who is going to be your appointed person designated to be your health care proxy in case you can't speak for yourself. That is so huge. You think about that as a single person, you need that even more than someone who's married with kids. And then, you know, you also think about uh the other

aspects of your, I mean, this sounds really, really morbid but think about this,

aspects of your, I mean, this sounds really, really morbid but think about this,

our friend, our dear friend had the wherewithal to think beforehand of telling us how she wanted her ashes to be taken care of

our friend, our dear friend had the wherewithal to think beforehand of telling us how she wanted her ashes to be taken care of

and what she expected as far as like a memorial, things like that, she left money

and what she expected as far as like a memorial, things like that, she left money

so that we could throw a party for a bigger group of our friends to celebrate her life. So when you're thinking about yourself and you're single, remember there's no, but there might not be anybody else. Maybe you do have nieces and nephews. But if, unless you've really thought about it and taken the time to talk about it, it's not just about

so that we could throw a party for a bigger group of our friends to celebrate her life. So when you're thinking about yourself and you're single, remember there's no, but there might not be anybody else. Maybe you do have nieces and nephews. But if, unless you've really thought about it and taken the time to talk about it, it's not just about

keeping your heirs updated. Your beneficiaries, I should say updated and knowing what's going to happen to your stuff, your car, your house, your furniture, it's all about the things that they will get stuck doing because you didn't do it. So think of it as a gift to your friends, to your loved ones and to your family. Um I'll, I'll tell you the job of being an executor of somebody else's estate is a thankless job. Now

keeping your heirs updated. Your beneficiaries, I should say updated and knowing what's going to happen to your stuff, your car, your house, your furniture, it's all about the things that they will get stuck doing because you didn't do it. So think of it as a gift to your friends, to your loved ones and to your family. Um I'll, I'll tell you the job of being an executor of somebody else's estate is a thankless job. Now

you do get compensated if there's money in the estate for that. But you, as the single solo person looking at your finances and planning ahead, you want to make sure that you do have money set aside so the people that you love can take care of themselves after you're gone.

you do get compensated if there's money in the estate for that. But you, as the single solo person looking at your finances and planning ahead, you want to make sure that you do have money set aside so the people that you love can take care of themselves after you're gone.

Yeah. And I think that's, I think that's really important and one of the things I have done personally to make things a little bit easier because I don't have that real estate. I don't have the mortgages. I don't have like that stuff. All of my accounts have my son and I, you know, I am a single person but my, but I have a son. Right. Like I had a son, I got divorced, I remain single. I like being single. And so I think one of the things that,

Yeah. And I think that's, I think that's really important and one of the things I have done personally to make things a little bit easier because I don't have that real estate. I don't have the mortgages. I don't have like that stuff. All of my accounts have my son and I, you know, I am a single person but my, but I have a son. Right. Like I had a son, I got divorced, I remain single. I like being single. And so I think one of the things that,

uh, I've done to kind of make things easier on my son and other people in my life is I have him as my beneficiary on all of my accounts. Right. He's my beneficiary for the life insurance. He's a beneficiary for the health savings account for my bank account, for my investment accounts for my retirement accounts. He is the beneficiary on everything. And so we don't have to worry about a long executive process that we don't have to worry about

uh, I've done to kind of make things easier on my son and other people in my life is I have him as my beneficiary on all of my accounts. Right. He's my beneficiary for the life insurance. He's a beneficiary for the health savings account for my bank account, for my investment accounts for my retirement accounts. He is the beneficiary on everything. And so we don't have to worry about a long executive process that we don't have to worry about

that stuff. Um, and probably in the next couple of years, uh, I'm probably going to, uh, set up, you know, donor advised funds for, for some different charities that I am involved with. Like I, I give to charity uh, regularly I have that automatically set up, it just automatically goes to my charities of choice.

that stuff. Um, and probably in the next couple of years, uh, I'm probably going to, uh, set up, you know, donor advised funds for, for some different charities that I am involved with. Like I, I give to charity uh, regularly I have that automatically set up, it just automatically goes to my charities of choice.

But I think I'm gonna set up a donor advice fund and get those things automatically in place so that, you know, the charities I wanna donate to are taken care of, um, and are appropriately, uh, you know, have all that set up appropriately as part of my estate planning so that the charities are taken care of. And so that um my son is,

But I think I'm gonna set up a donor advice fund and get those things automatically in place so that, you know, the charities I wanna donate to are taken care of, um, and are appropriately, uh, you know, have all that set up appropriately as part of my estate planning so that the charities are taken care of. And so that um my son is,

you know, son has those beneficiary rights so that it is not expensive and going through a lengthy process.

you know, son has those beneficiary rights so that it is not expensive and going through a lengthy process.

Yeah, when you have Children, it's a different ball game with estate planning. Everything revolves around your son. Everything revolves around having a trust, making sure that everything is squared away. And now I'm not gonna compare a child to a pet,

Yeah, when you have Children, it's a different ball game with estate planning. Everything revolves around your son. Everything revolves around having a trust, making sure that everything is squared away. And now I'm not gonna compare a child to a pet,

but I did have my pet, my baby girl Chloe, who was on my show, she was on every episode of the show that I used to do. Uh, that, that matters because to me it's, it's like you think about all these things we just talked about with, you know, having your stuff and then you think about you're leaving a pet behind. I mean,

but I did have my pet, my baby girl Chloe, who was on my show, she was on every episode of the show that I used to do. Uh, that, that matters because to me it's, it's like you think about all these things we just talked about with, you know, having your stuff and then you think about you're leaving a pet behind. I mean,

that's a state plan. It's thinking about who is the person I'm gonna trust is gonna take care of my dog, my cat, my pet after I'm gone. I mean, it's a really, it's a really important question and that's why just having the simple will and I'm sure Miranda you probably have a trust because you have a son

that's a state plan. It's thinking about who is the person I'm gonna trust is gonna take care of my dog, my cat, my pet after I'm gone. I mean, it's a really, it's a really important question and that's why just having the simple will and I'm sure Miranda you probably have a trust because you have a son

and, but just even having a simple will that speaks to your wishes and what you want to happen. Otherwise, if we keep putting it off and we keep thinking it's not something we need to do today. I'm telling you something can happen in a heartbeat

and, but just even having a simple will that speaks to your wishes and what you want to happen. Otherwise, if we keep putting it off and we keep thinking it's not something we need to do today. I'm telling you something can happen in a heartbeat

and all of a sudden all these questions are flying around in the air, leaving everyone in your life completely devastated. I also want to add to that what you guys are talking about with the state planning. Um So I'm reading here like many single women without Children are happy and single women with Children are happier and healthy. Um to add to this, um when you're without Children, you may not have somebody to take care of you.

and all of a sudden all these questions are flying around in the air, leaving everyone in your life completely devastated. I also want to add to that what you guys are talking about with the state planning. Um So I'm reading here like many single women without Children are happy and single women with Children are happier and healthy. Um to add to this, um when you're without Children, you may not have somebody to take care of you.

So not everybody, you know, can build up amazing wealth to hire, you know, in house nurses.

So not everybody, you know, can build up amazing wealth to hire, you know, in house nurses.

So we have a couple that we know that are worried about this exact thing. And you know, think outside the box, you know, you may want to move to a different country where things are cheaper and the American dollar goes a lot farther, you know, and you can, maybe the healthcare is better in that country or maybe you can get, you know, in home health care for way cheaper.

So we have a couple that we know that are worried about this exact thing. And you know, think outside the box, you know, you may want to move to a different country where things are cheaper and the American dollar goes a lot farther, you know, and you can, maybe the healthcare is better in that country or maybe you can get, you know, in home health care for way cheaper.

Um, so those are layers that you can think about in your retirement as well. Other than just, you know, and women like to travel who doesn't like traveling. So go live somewhere else for a while.

Um, so those are layers that you can think about in your retirement as well. Other than just, you know, and women like to travel who doesn't like traveling. So go live somewhere else for a while.

Yeah. And I think that's a really good point. I mean, and like you said, not everybody. And I think one of the big things to plan too, especially if you have Children is like, my parents, um, have, have planned their retirement and their assets in such a way that,

Yeah. And I think that's a really good point. I mean, and like you said, not everybody. And I think one of the big things to plan too, especially if you have Children is like, my parents, um, have, have planned their retirement and their assets in such a way that,

that they can actually, um they'll be able to do assisted living, they'll be able to do memory care, they'll be able to do all that stuff. And so the burden doesn't come on us because, um my grandparents, my, my dad's parents didn't necessarily make those plans. And so my

that they can actually, um they'll be able to do assisted living, they'll be able to do memory care, they'll be able to do all that stuff. And so the burden doesn't come on us because, um my grandparents, my, my dad's parents didn't necessarily make those plans. And so my

parents and, and myself too, I took a turn. Uh We remember caring for my grandma in her home and the stress that put on everybody. And so part of that too is thinking, you know, if you're young enough and thinking, ok, how do I structure my assets? How do I build my world so that it doesn't place this on my Children. Um I've talked to my son about my wishes. Uh He's, he's well aware of them and I am, you know, working on making sure that he doesn't have to be the one to do that. So that when I do have my final days, we can spend them,

parents and, and myself too, I took a turn. Uh We remember caring for my grandma in her home and the stress that put on everybody. And so part of that too is thinking, you know, if you're young enough and thinking, ok, how do I structure my assets? How do I build my world so that it doesn't place this on my Children. Um I've talked to my son about my wishes. Uh He's, he's well aware of them and I am, you know, working on making sure that he doesn't have to be the one to do that. So that when I do have my final days, we can spend them,

you know, having happy memories instead of him trying to figure out how to, like, take care of that.

you know, having happy memories instead of him trying to figure out how to, like, take care of that.

Do you have nieces and

Do you have nieces and

nephews too?

nephews too?

I do have nieces and nephews as well. Yes. Yeah. Um, reasonably close. Yeah, we do. We do some things together. I thought about that too. Uh, one of my favorite things is there's a, there's a great, um, in Jane Austen

I do have nieces and nephews as well. Yes. Yeah. Um, reasonably close. Yeah, we do. We do some things together. I thought about that too. Uh, one of my favorite things is there's a, there's a great, um, in Jane Austen

at Jade Austin when they're talking about Emma and she's content with being single. She's talking about how, you know, she would always have a niece with her if needed. And so I'm like, yes, yes, the rich auntie. And so not everybody gets to be a rich auntie and we understand that's, that's true. But if you start planning when you're younger and if you start, even if you want eventually to couple with somebody, if you want to get married

at Jade Austin when they're talking about Emma and she's content with being single. She's talking about how, you know, she would always have a niece with her if needed. And so I'm like, yes, yes, the rich auntie. And so not everybody gets to be a rich auntie and we understand that's, that's true. But if you start planning when you're younger and if you start, even if you want eventually to couple with somebody, if you want to get married

when you're younger, as a single person, starting to build that foundation when you can finding ways to save money as you can. Um, even if it means like, you know, living with your parents for a minute while you stack cash or having roommates while you stack cash starting that and building that foundation as a, as a single person

when you're younger, as a single person, starting to build that foundation when you can finding ways to save money as you can. Um, even if it means like, you know, living with your parents for a minute while you stack cash or having roommates while you stack cash starting that and building that foundation as a, as a single person

will make you that much stronger if you do, uh, couple with somebody later. But if it never happens, you've laid that foundation and you're set. And so really thinking ahead that way, I think is helpful

will make you that much stronger if you do, uh, couple with somebody later. But if it never happens, you've laid that foundation and you're set. And so really thinking ahead that way, I think is helpful

as well. And then by the time you're in your fifties, you know, you'll, and it comes and it goes

as well. And then by the time you're in your fifties, you know, you'll, and it comes and it goes

the time that goes by really, really quickly, there's a window of time to look at long term care insurance. I am not a long term care sales person. I am a person that's looked at long term care and looked at the pros and the cons and I think that when you're single, I think you kind of need to really evaluate when you're in your fifties. That's the sweet spot

the time that goes by really, really quickly, there's a window of time to look at long term care insurance. I am not a long term care sales person. I am a person that's looked at long term care and looked at the pros and the cons and I think that when you're single, I think you kind of need to really evaluate when you're in your fifties. That's the sweet spot

to keep the premiums low. You need to have some disability insurance, which is highly underrated. And again, I don't, I'm not the person who loves insurance, these occurrences that, that I would want to make sure I understand really well in my fit by the time I'm well at any point, disability no matter how old you are. But specifically,

to keep the premiums low. You need to have some disability insurance, which is highly underrated. And again, I don't, I'm not the person who loves insurance, these occurrences that, that I would want to make sure I understand really well in my fit by the time I'm well at any point, disability no matter how old you are. But specifically,

you know, when you're getting to be like in your fifties, that is a sweet spot. And I know for me, I am I need younger friends. I know that I've got nieces and nephews, but I need younger friends, make sure that they could help me later on and that you're incentivized to help me later on. And you know, the last thing I want to say about