Money Rehab with Nicole Lapin

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

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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

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

He's the guy behind "Betty (Get Money)" and a fur coat two-step that took over TikTok, but before Yung Gravy was flexing platinum plaques, he was studying finance and marketing in college. Today on Money Rehab, we sit down with the rapper who lives a double life: viral hitmaker by night, options trader by day.

Gravy walks us through the trade that made him $400K, a bet on 1-800-Flowers stock at the start of COVID, built on a grim but accurate read that funeral orders were about to spike. It's the kind of call institutional investors make quietly all the time; Gravy just said the quiet part out loud, and the internet has been arguing about the ethics of it ever since.

We get into how a music-industry paycheck, unpredictable, front-loaded, gone as fast as the trend that made it, pushed him to actually learn the market instead of just spending like a rapper. What it's like sitting in a room with a finance background while everyone assumes you can't do math because you rap about money instead of manage it. Where the rap flex ends and the real portfolio begins. And whether the same instincts that write a viral hook are the same instincts that spot an undervalued stock before anyone else does.

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.

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.

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

Selling Sunset isn't just a show about real estate, drama, and outfits... it's a show about money. Over the past few years, Nicole has had four cast members from the Selling Sunset universe on Money Rehab: Jason Oppenheim, Emma Hernan, Mary Bonnet, and Polly Brindle. Today, she's pulling out four moments from those conversations that she hasn't been able to stop thinking about.

Jason, one of the most successful real estate brokers in LA, makes a confession you'd never expect from someone who sells homes for a living: renting often beats buying, financially speaking. Mary opens up about the ex-husband who secretly ran up six figures of debt in her name, and the exact tactic she used to rebuild her credit score from scratch. Emma explains why she's turned down millions in outside investment for her company and what she thinks is broken about "Shark Tank culture." And Polly gets brutally honest about maxing out three credit cards, borrowing from friends, and the mindset shift that turned her financial life around.

Start investing investing at SoFi.com/MNN

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 Four Money Moments From the Selling Sunset Universe

00:42 Jason Oppenheim's Take: Renting Beats Buying

04:48 Mary Bonnet's Secret Debt and Financial Abuse Story

09:07 Red Flags to Watch For Before You Share Finances

12:29 Emma Hernan on Turning Down Millions in Funding

16:47 Polly Brindle: From Maxed Credit Cards to $48M in Sales

21:46 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