Money Rehab with Nicole Lapin

You don't need a Bloomberg terminal, a private jet, or a research team to invest alongside the world's most famous hedge fund managers… you just need to know where to look. Today, Nicole breaks down five real ways everyday investors can piggyback on billionaire money managers like Bill Ackman, David Einhorn, and Warren Buffett, from closed-end funds and copycat ETFs to buying the "tollbooth" instead of the cars driving through it.

Check out Nicole's financial literacy course ⁠The Money School⁠

Find a Financial Advisor or Financial Coach from Nicole's company ⁠Private Wealth Collective⁠

Watch video clips from the pod on ⁠Money Rehab's Instagram⁠ and ⁠Nicole Lapin's Instagram⁠

Here's what Nicole covers today:

00:00 Are You Ready for Some Money Rehab?

00:15 Piggyback on a Billionaire's Portfolio

00:33 Option 1: Buy a Closed-End Fund Like Ackman's PSUS

01:33 Why PSUS Trades at a Discount to NAV0

2:25 Option 2: Buy the Manager, Not the Fund

03:04 Option 3: The Insurance Float Trick (Einhorn's GLRE)

03:45 Option 4: Buy Berkshire Hathaway

04:31 Option 5: Copycat ETFs Like GURU

05:12 Which Option Is Right for You?

05:31 Confusing a Great Investor With a Great Investment

05:54 Tip You Can Take Straight to the Bank

All investing involves risk, including loss of principal. This episode is for informational purposes only and does not constitute financial, investment, or legal advice. Always consult a licensed professional before making financial decisions.
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Jim Kwik has coached Fortune 500 companies, Oprah, Will Smith, and Richard Branson on how to think faster and remember more. Today, he joins Nicole to explain why your brain, not your bank account, is your greatest wealth building asset.

Jim breaks down what he calls "digital dementia," the MIT study showing what AI is doing to our memory and critical thinking, and why he believes AI will not replace humans so much as reveal them. He also gets into the emotional side of wealth: why purpose beats motivation, how tiny "micro-commitments" trigger the dopamine that actually creates momentum, and why self-image, not goals, determines what we achieve.

Then, Nicole puts Jim's favorite biohacks to the test, and he rates everything from walking and sauna to meditation and TikTok on a scale of 1 to 10. Jim also shares the real story behind a $50 million deal that fell apart because of a forgotten name, his 12-minute morning routine with his toddler, and the writing ritual he started in the hospital the day his daughter was born.

Start investing investing at SoFi.com/MNN

Private Wealth Collective
Nicole's boutique wealth management practice for people who want more than a robo-advisor and less than a hedge fund minimum. Real strategy, real relationship.
https://privatewealthcollective.com

The Money School
Nicole's $149 investing course that actually breaks down stocks, ETFs, crypto, and building a real portfolio, no jargon, no judgment, lifetime access.
https://themoneyschool.com

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Find other exclusive content at—
Instagram: @moneynews
TikTok: @moneynewsnetwork
Website: https://moneynewsnetwork.com
Learn more about your ad choices. Visit megaphone.fm/adchoices

A listener named Lauren DMed Nicole with a simple question: what is she doing to make sure her daughter has more money than she did growing up? Today, Nicole answers in full, walking through the exact accounts, strategies, and tax moves she is using to build wealth for her toddler from day one.

Nicole breaks down the three accounts she opened for her daughter (a 529, a custodial Roth IRA, and a custodial brokerage account), why she gifts directly into the 529 for every holiday, and how she is legally paying her daughter through her business to shift income into a lower tax bracket. Tax strategist Carlton Dennis joins with a clip explaining the rules around paying your kids: what counts as reasonable compensation, how the standard deduction plays into it, and why starting a custodial Roth IRA early can turn a few thousand dollars into over a million by retirement.

Nicole also gets into the life insurance decision every parent needs to make. She explains the real difference between term and whole life insurance, why she chose term for her family, and when whole life actually does make sense.

Start investing investing at SoFi.com/MNN

Private Wealth Collective

Nicole's boutique wealth management practice for people who want more than a robo-advisor and less than a hedge fund minimum. Real strategy, real relationship.

https://privatewealthcollective.com

The Money School

Nicole's $149 investing course that actually breaks down stocks, ETFs, crypto, and building a real portfolio, no jargon, no judgment, lifetime access.

https://themoneyschool.com

-----------------------

Find other exclusive content at—

Instagram: @moneynews

TikTok: @moneynewsnetwork

Website: https://moneynewsnetwork.com
Learn more about your ad choices. Visit megaphone.fm/adchoices

You know Codie Sanchez as the woman who made buying a laundromat sound cooler than launching a startup. Today, she's back to talk about her new book, Own or Be Owned, and why so many founders are secretly addicted to their own businesses.

Codie explains why being "the hero" of your company is a trap (she compares it to heroin), the 12 owner archetypes she discovered after surveying 15,000 business owners, and why the goal isn't to work harder, it's to become unnecessary.

She also gets real about the parts of founder life nobody talks about: the years she put her personal life on hold chasing a revenue number, the fear of telling her team she was pregnant, and why she now believes "later" almost never actually comes.

Get Codie's book Own or Be Owned

Find boring businesses to buy on BizScout.com

What we cover

00:00 Are You Ready for Some Money Rehab?

01:33 How to Buy a Laundromat: Cost, Margins, and Failure Rates

14:29 The Thesis Behind Own or Be Owned, and the 12 Owner Archetypes

20:40 Why Being "The Hero" Feels Like Heroin

25:03 Founder Mode vs. Owner Mode

31:03 Stepping Away From the Business She Built

39:12 Pregnancy, Business, and Life as a Founder

43:16 How Codie Invests and Manages Her Own Money

46:48 Boring Business Grades: A Through F, and What to Skip in 2026 All investing involves the risk of loss, including loss of principal.

This podcast is for informational purposes only and does not constitute financial, investment, or legal advice.

Always do your own research and consult a licensed financial advisor before making any financial decisions or investments.

Start investing investing at SoFi.com/MNN

Private Wealth Collective
Nicole's boutique wealth management practice for people who want more than a robo-advisor and less than a hedge fund minimum. Real strategy, real relationship.
https://privatewealthcollective.com

The Money School
Nicole's $149 investing course that actually breaks down stocks, ETFs, crypto, and building a real portfolio, no jargon, no judgment, lifetime access.
https://themoneyschool.com

-----------------------
Find other exclusive content at—
Instagram: @moneynews
TikTok: @moneynewsnetwork
Website: https://moneynewsnetwork.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

Kate has good money habits. She's saving, she's investing, she's automated her high-yield savings account. So why does she still feel like she's behind? Today, Nicole sits down with a Money Rehab listener for a real-life financial intervention, digging into the exact questions so many 20-somethings are quietly Googling at 1am.

Kate walks Nicole through her real numbers: what she earns, what she spends, and how she's splitting money between a Roth IRA, a brokerage account, and student loan payments. Nicole breaks down the actual mechanics she never learned, like why you need cash in the account before you can buy anything, how to think about a Roth versus a brokerage account, and whether it's smart to max out one before touching the other. They also get into the emotional side of money: the guilt Kate feels every time she spends, why her financial goals always seem to move further away the more she achieves, and how giving herself a real number for guilt-free spending changes everything.

Check out Nicole's financial literacy course The Money School
Find a Financial Advisor or Financial Coach from Nicole's company Private Wealth Collective
Watch video clips from the pod on Money Rehab's Instagram and Nicole Lapin's Instagram

Here's what Nicole covers with Kate:
00:00 Are You Ready for Some Money Rehab?
02:28 Meet Kate: Her Money Goals
03:53 From Ice Cream Shop Paychecks to a 9-5
04:39 Breaking Down Kate's Budget
05:54 The High-Yield Savings Account Strategy
07:11 Using a HYSA as a "Don't Touch This" Account
08:01 Roth vs. Brokerage: Kate's Investing Confusion
09:25 Why No One Teaches You How to Actually Buy
11:06 Roth vs. Brokerage, Explained
13:28 Should You Max Out Your Roth First?
15:09 Why Kate Sticks to Index Funds
17:15 The Tax Truth About Brokerage Accounts
20:07 What Financial Freedom Actually Means to Kate
21:19 The Guilt Spiral of Spending
22:28 Why Sticking to the Plan Is the Hard Part
22:52 How Kate's Childhood Shaped Her Money Mindset
23:52 The Moving Goalpost Problem
25:25 Building (and Sticking to) a Budget
28:30 Solving Spending Guilt With a "Fun Money" Number
29:51 Where Kate Keeps Her Savings
31:05 Kate's 5 and 10 Year Money Goals
32:36 Is Money a Never-Ending Game?
34:41 How Kate Started Investing With Just $20
36:45 Nicole's Game Plan for Kate
45:05 Tip You Can Take Straight to the Bank

All investing involves the risk of loss, including loss of principal. This podcast is for informational purposes only and does not constitute financial, investment, or legal advice. Always do your own research and consult a licensed financial advisor before making any financial decisions or investments.

Learn more about your ad choices. Visit megaphone.fm/adchoices