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You’ve probably heard about the gender pay gap. But women aren’t just dealing with the effects of getting paid less than men for equivalent work.
Women also face what’s known as the ambition penalty. Research shows that ambitious women face financial and relationship consequences when they ask for more.
Let’s talk about it.
Stacy Johnson and I are joined by producer and novice investor Aaron Freeman to discuss the issues surrounding the ambition penalty and what we can do about it.
Our special guest is Stefanie O’Connell Rodriguez, founder of the Too Ambitious newsletter addressing gender, money and power.
Remember, even though we sometimes talk about specific investments on this show, don’t take them as recommendations because they’re not. Before investing in anything, do your research, and make your own decisions.
You can watch this episode below, or if you’d prefer to listen, you can do that with the player at the top of this article. Or, you can download it wherever you get your podcasts:
Don’t forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.
Spoiler: There is a gender pay gap. Sometimes it deals with getting paid less for the same work, but it’s more complicated than that. Women sometimes make less in situations when they negotiate their pay, which can put them behind in other ways, from how much they make today to how much they can put aside for retirement tomorrow.
We dig into some of the realities that contribute to the gender pay gap.
Because so much of what happens in our relationships to money and each other is ingrained because of our conditioning and society, we take a look at some practical ways you can prepare, especially if you’re a woman.
Stefanie O’Connell Rodriguez is a writer covering ambition, money and power in her weekly Bulletin newsletter, Too Ambitious, with bylines in Bloomberg, CNBC, Newsweek, USA Today and Business Insider. She is the host of Real Simple magazine’s “Money Confidential” podcast (named one of Spotify’s “Best New Shows of 2021”); the founder of Statement Cards, a line of greeting cards that celebrates milestones beyond marriage and motherhood; and the co-founder of Statement Event, dedicated to connecting the dots between gender equity and financial power.
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Stacy Johnson founded Money Talks News in 1991. He’s a CPA, and has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She’s been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
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