1630: A Man Is Not a Financial Plan with Financial Advisor Maggie Johndrow

Published: Feb. 12, 2024, 7:40 p.m.

**Last day to secure a spot (for a while) in Farnoosh's So Money Members Club**


It\u2019s Valentine\u2019s week, and my birthday week, so I\u2019m kicking things off with a show topic that\u2019s near and dear: Why women need to have their own money. Everyone should have their own money, but this message needs to be emphasized more for women who may sometimes feel it\u2019s not their strength or role to make money or manage money in a relationship.


The impetus for this episode was a New York Times essay entitled Never Rely on a Man\u2019s Money. Maggie Smith writes about how her divorce was a shock that led her to a new vow: financial independence. We\u2019ll get into her story and bring on our guest today, Maggie Johndrow, a partner and financial advisor at Johndrow Wealth. She\u2019s one of my favorite advisors, and we share a common love for making women rich. We talk about what she sees in her practice; oftentimes, women come into post-divorce with financial regrets. What are those regrets? What are the absolute facts women need to know about their financial lives, and how can they insist upon more financial transparency and equality in their relationship?