Howdy, Hey, and Hello there, Last week’s Nerdletter inspired the most responses I’ve ever gotten. Thank you to everyone that took the time to write back to me. It’s always a little scary publishing something so personal, but I felt so supported by all of you. Thank you. I hope you enjoy listening to it as much as I enjoyed making it. Your favorite finance friend,
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1. 😣 My Partner Is Wealthy & The Way We Split Bills Makes Me Uncomfortable (Paco for Refinery29) This month, we're talking about how to split expenses as a couple: what it means to share financial responsibilities equitably and how to manage the feelings that inevitably arise from the process. 2. 🏠 All the Homeowner Tax Credits and Deductions for Your 2022 Tax Return (CNET)
3. 🧱 The Hidden History Wall Street's Slave Market (The Street)4. 🚲 This Bike Company Launched a Black Reparations Program. Then the Lawyers Called. (Outside) Rivendell Bicycle Works built a loyal following by ignoring convention. But what happens when good intentions spark public outrage in a country divided?5. 🤓 A Bookkeeping Thing - How to Catch Up on Your Bookkeeping. (HYG Original)
6. 📈 Fort Walgreens (Curbed) The recent spike in shoplifting is both overblown and real. And almost everyone is profiting from it (including you). "Even if you’ve never purchased steeply discounted perfume from a guy on the street who claims he knows Madame Sephora, you have almost definitely trafficked in stolen goods. If you’re a New Yorker, you might have bought a cup of coffee from a midtown cart that brews exclusively stolen beans or have eaten an Italian sub from a bodega that uses pilfered salami. If you shop online, the likelihood that you’ve purchased stolen merchandise is even higher. Amazon, eBay, Craigslist, Facebook Marketplace, and others have made it easier than ever to anonymously set up shops like Rubinov’s Treasure-Deals-USA. Fences have never had it so good."
7. 👨👩👧👦 The Getty Family’s Trust Issues (The New Yorker) Heirs to an iconic fortune sought out a wealth manager who would assuage their progressive consciences. Now their dispute is exposing dynastic secrets. "[...] Sarah Getty told me recently, her 'crazy family history' and abrupt transformation into an heir gave her little preparation for managing a fortune. 'In exchange for the love I didn’t receive in my life, I got money,' she said. 'So, at first, I always felt misery and guilt, and I didn’t know what to do with it.'”8. 👧🏻 Lucky girl syndrome and the endless rebranding of "The Secret" (Vox) “For the most part, though, what lucky girl syndrome videos are selling is the idea that their creators are lifestyle experts, people worth following if you want more money, more success, more love, more happiness. It should be mentioned, as others on TikTok have noted, that these videos are almost always focused on self-improvement and increasing one’s individual luck at the expense of others, and completely ignore structural barriers, community, or the privilege of the creators, many of whom are young, attractive women with large followings and businesses to promote. (But, if you’ve heard of The Secret, you already knew that.)”
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Together, with the fine folks over at iHeartRadio, this Sunday, Feb 19, we’re launching a new podcast called Weird Finance – a show to help us all feel a little less weird about money, one conversation at a time.Each week, me and a special guest will do the thing that many consider taboo, gauche, and downright tacky - we’re gonna talk about money. I’d also like to answer your money questions!If you have a question you’d like me to answer on the show, you can leave me a voicemail at 833-ASK-PACO. You can also email me your question by replying to this email or emailing us at weirdfinancepod@gmail.com.Listen to Weird Finance on the iHeartMedia app, Apple Podcasts, Spotify or wherever the hell you listen to podcasts.
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The Nerdletter is written and curated by Paco de Leon and a tiny editorial support team. Please consider several ways you can contribute to this important mission – an inclusive conversation about money, finances, and capitalism for Creatives.
We can't do this work without you. Thanks for being part of the crew and reading this far. Peace.
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Our home office is located in Los Angeles, California, the traditional lands of the Gabrielino/Tongva peoples. We acknowledge with gratitude the traditional custodians of this land and pay our respects to their Elders, past and present.
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