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The Life of And podcast is for high-achieving women and working parents who are ready to stop living a life of “have to” and start designing a life they actually want. It’s a space where we talk honestly about the things we’re often afraid to admit — even to ourselves. The exhaustion. The ambition. The loneliness. The joy. The tension of wanting more without losing yourself in the process.
If you’re in the thick of it — feeling stretched, tired, hopeful, driven — this is your invitation to take a breath, get real, and find your way back to your own Life of And.
[00:00:00] Tiffany Sauder: If you invested at 25, you have four and a half million dollars. If you invested at 55, you have $250,000. That is the power of compounded interest.
[00:00:10] Tiffany Sauder: The same amount of money, the same amount of effort, which is, like, none. You just left it alone. The only thing that changed was time
[00:00:18] Tiffany Sauder: I'm Tiffany Sauder, entrepreneur, wife, mom, to four girls and a woman figuring it out just like you. Come on, let's go build your Life of And.
[00:00:23] Tiffany Sauder: I had the chance to hear Kevin O'Leary speak last week. If that name doesn't ring a bell, he's one of the sharks from Shark Tank. You know, Mr. Wonderful. But he isn't just a guy who's built and sold businesses for a TV show that we all watch from our living room. Before we all knew his name, he sold several businesses.
The first one was for $4.2 billion. Like, just insane. So in the talk, he covered a lot of ground, but he kept coming back to one idea over and over. You've got to know your numbers. Not have a good product, not have enough cash in the bank, not look the part or have a huge market to sell into. He said, "If you don't know the economics of what actually gets you more, more revenue, more margin, more value, you don't have a business."
[00:01:11] Tiffany Sauder: And I sat there thinking, that's not just a business lesson, actually. It's a personal finance lesson, I think, too. It's not enough to save. It's not enough to have a good job. It's not enough to know your household expenses down to the dollar. If we want to create real wealth, real opportunity for the people we love and for ourselves, we have to know how to invest. We have to know the numbers. Savings gets you safe, and investing, it gets you free.
[00:01:41] Tiffany Sauder: I am passionate about women having more money conversations that push us, that change the way we actually think about and see money. And here is what I've realized, that that shift almost always starts with the ability to understand the vocabulary.
[00:01:57] Tiffany Sauder: You can't invest with confidence in words you don't understand. So that's what we're doing today. We're gonna take five fancy financial words and break them down in plain English. And I hope better understanding these words will move you from saving well to investing well. And I hope understanding these words gives you the confidence to step in to more conversations about money.
[00:02:20] Tiffany Sauder: I'm Tiffany Sauder, and welcome back to another episode of the Life of And podcast.
[00:02:29] Tiffany Sauder: A few episodes back, I gave you a starting vocabulary. We talked a lot about the difference between an income statement and a balance sheet when it comes to personal finances. What's coming in and what's going out versus what you actually own.
[00:02:40] Tiffany Sauder: That was step one of this sort of journey of financial vocabulary, because you cannot invest what you cannot see clearly, what you don't understand clearly. Those episodes and this one are part of a series I'm doing with First Internet Bank because financial vocabulary shouldn't be a mystery. But knowing your income statement and balance sheet personally is not the finish line. It's really the starting line. The real question is what makes what's on that balance sheet grow?
[00:03:08] Tiffany Sauder: That is what real wealth is about, and that's what we're gonna talk about today. We're gonna go through five words. Five words, the definition, an example, and how they apply to our real lives.
[00:03:21] Tiffany Sauder: So let's start with the one that changes everything if you actually understand it early. The first term we're gonna go through is compound interest.
[00:03:30] Tiffany Sauder: Okay Compound interest is the reason that time is worth more than almost anything else you have. It's not just interest on your money, it's interest on your interest. So your money makes money, and then that money makes money too. So if you have $10 in the bank and it earns a dollar of interest, now you have $11 that can earn interest.
[00:03:54] Tiffany Sauder: So if that $11 earns $2 of interest, you have $13 now that can earn interest. So does that make sense? That's compound interest. Your principal makes interest, and then your interest is earning interest. We're compounding the interest over time. So that's the principle of it, but I wanna make this real.
[00:04:12] Tiffany Sauder: Let's say you invest $100,000 only one time in your life. You're given a check for $100,000, you can make that investment one time, no additional contributions, and all you do is you let it sit. Growing at the S&P 500's historical average return.
[00:04:30] Tiffany Sauder: So the S&P 500, what that is,
[00:04:32] Tiffany Sauder: it is a
[00:04:32] Tiffany Sauder: it is a fund of, publicly traded companies that represent the market's performance.
[00:04:39] Tiffany Sauder: That's all the S&P 500 is. It's a big fancy word, but all it is, is a collection of publicly traded companies that are designed to give us a standard of return of what's happening across all different market sectors, okay? That's the S&P 500. So its historical average return. So that means if you would put a dollar into the S&P 500, over the course of time, on average, it returns about 10% a year.
[00:05:06] Tiffany Sauder: So an investor is trying to outperform the S&P 500. That's how they think about that. 'Cause if all I do is put a dollar into the S&P 500, I'm gonna get about 10% over the course of a long period of time, okay? So again, we're working on vocabulary, but compound interest. So we've got $100,000 that we can invest one time.
[00:05:26] Tiffany Sauder: And we're gonna assume that that is growing at a rate of return about 10%, which is representative of the S&P 500.
[00:05:46] Tiffany Sauder: If you invest that $100,000 and you can take- you invest it at 25, 35, and 45, I'm gonna give you the numbers here, and 55, I think those are the four examples that I have, and you take it out at 65 years old.
[00:05:49] Tiffany Sauder: So you're gonna invest $100,000 one time, and you can do that at 25, 35, 45, or 55. And then at 65, everybody has to take their money out of the market, okay? That's what I'm gonna show you the, how powerful compounded interest is, 'cause it's only $100,000. If you invest that $100,000 at 25 years old, by the time you are 65, you have $4.5 million, okay?
[00:06:15] Tiffany Sauder: All it did was sit there and earn compounded interest. Invest that exact same $100,000 at 35 instead of 25, and you end up with $1.7 million. Okay? 10 years later, costs you, uh, $3 million. That's crazy. Wait until 45, and it's $673,000. And if you wait until you're 55, that 100,000 turns into about $250,000 So isn't that wild?
[00:06:49] Tiffany Sauder: You think about the power of compounded interest. If you invested at 25, you have four and a half million dollars. If you invested at 55, you have $250,000. That is the power of compounded interest.
[00:07:02] Tiffany Sauder: The same amount of money, the same amount of effort, which is, like, none. You just left it alone. The only thing that changed was time That is the entire lesson around this, that time is your greatest friend when it comes to compounded interest. If you can put your money somewhere and just let your interest earn interest, then that's going to make a huge, huge, huge difference.
[00:07:29] Tiffany Sauder: So the key takeaway here is the best time to start was years ago, which if we don't have time to do that, 'cause we can't go back in time, the second-best time is today.
[00:07:38] Tiffany Sauder: So I want to make a disclaimer about the S&P 500. There is no guarantee of returns. I'm using that for illustrative purposes in this, okay?
[00:07:47] Tiffany Sauder: So S&P 500, not guaranteed. It's still a high-risk index, all the disclaimers, blah, blah, blah. Okay, that's for our compliance friends. But I want you to think, compounded interest is all about taking advantage of time when it comes to your money and letting it sit, because in that situation, interest can earn interest.
[00:08:06] Tiffany Sauder: The second term we're gonna go through is rate of return. Before I blast through all of these, if you don't have time to finish this episode, I want to s- pause here and bring you in on sort of the punchline of this.
[00:08:18] Tiffany Sauder: In this episode, I'm going through five terms. I sat down with my partners at First Internet Bank, and we created a two-pager for you that is 10 financial terms. If you want to master your financial future, knowing these terms, understanding the definition of them, and understanding how they apply to your life, these are the terms you've got to know.
[00:08:39] Tiffany Sauder: So I'm gonna go through five of them on this episode. Two we have covered in previous episodes together, balance sheet and income statement, personal balance sheet, personal income statement. And there are three terms, five, six, seven. Yeah, there are three terms I'm not gonna go through on this, because it would just make the episode a mile long.
[00:08:57] Tiffany Sauder: So I'm gonna go through ones I think are just best suited for this sort of audio setting. I've picked five of them. We're gonna do rate of return next. But if you just wanna sort of read through those or follow along as I'm talking these, go access that download. A link's in show notes for you. And, um, then push pause, go grab it, and come back to me, and we're gonna go through four more here.
[00:09:19] Tiffany Sauder: So, okay, number two, rate of return. Rate of return, again, back to Kevin O'Leary. This is all these guys care about. Rate of return is how you check on whether your money is actually doing something for you, okay? So a rate of return is I put principal in, and it is returning how much to me?
[00:09:38] Tiffany Sauder: Like
[00:09:38] Tiffany Sauder: we just talked about the S&P 500.
[00:09:40] Tiffany Sauder: If I put $10 in and it's res- returning 10%, I'm getting 10% back. I'm getting $1 back, okay? So here's where it gets interesting, and this is where, I don't know, we're gonna kind of go into, like, maybe 301 finance here in some of this stuff, and I'm gonna trust that you're gonna be able to hang with me.
[00:09:59] Tiffany Sauder: Let's say you have $50,000 in extra cash, okay?
[00:10:04] Tiffany Sauder: And right now you have a mortgage from 2021, God bless you, locked in at, like, 2.5%, okay? A lot of us have been trained to think pay that down as fast as possible and get debt-free. That's the win. And that is not the worst idea on planet Earth. I know that there are financial people who teach that. But in the context of rate of return, I want you to think about where else you might be able to put that $50,000, and let's actually check the math.
[00:10:36] Tiffany Sauder: You can still decide to go pay off your mortgage. I'm not telling you not to do that. You need to go make the best choice for you. But I want you to know how look at, how to look at the math of the best place to put that $50,000. So putting that $50,000 towards the mortgage and you're gonna save $1,250 in interest for the year, okay?
[00:10:55] Tiffany Sauder: 'Cause you're gonna be paying less principal, uh, or less interest that year,
[00:10:59] Tiffany Sauder: which you'll also save interest going forward, but that's, you're gonna save $1,250. If you put it in First Internet Bank's 12-month CD, which today when I checked was 3.67%, and you're gonna earn $1,835. So we just said you're gonna save $1,200 in interest, or because you're only paying 2.5% interest, or you can put
[00:11:22] Tiffany Sauder: it in a 12-month
[00:11:23] Tiffany Sauder: CD at 3.67 and you can earn $1,800.
[00:11:29] Tiffany Sauder: So there's a $600 spread between paying off your mortgage, saving that interest, and then putting it somewhere else where it can sit and create interest for you. Okay?
[00:11:39] Tiffany Sauder: In that scenario, you would be ahead financially by actually putting your cash in the CD and not paying off the mortgage, okay? Another example is you could put that same $50,000 into your business if you own one. And let's say that's generating a 20% return. In that scenario, you're looking at $10,000 is what you would get back, almost eight times what paying down the mortgage gets you.
[00:12:02] Tiffany Sauder: So that's not a reason to never pay down debt. And putting your money in a business is not a guarantee. A CD, it's insured, a locked mortgage rate is certain, but a 20% return on reinvested capital, that's not guaranteed what I want you to realize is the get debt-free as fast as possible isn't always automatically the smartest move.
[00:12:23] Tiffany Sauder: This is why you'll often see business owners who have a mortgage and they have debt on their cars. Because they know putting that capital into things that are returning a much higher rate of return is how they're gonna generate wealth faster. So the point of this is not to tell you what to do with your money.
[00:12:40] Tiffany Sauder: It's to say, I want you to actually sit down and compare your options instead of just defaulting to the one that feels the most responsible. The question isn't just where can I put this dollar, it's where does this, does this dollar work the hardest for me, okay? I want you to know what your rate of return is.
[00:13:00] Tiffany Sauder: My guess is if I stopped you on the street and I asked you, "What's the, what's the rate that you're paying on your mortgage? What's the rate that you're paying on your car? What's the rate that you're getting, um, in your, uh, investment portfolio? What's the rate that you're getting?" Like, what is the rate that your capital is returning?
[00:13:19] Tiffany Sauder: We have to know that to be able to have a wealth mindset as we're thinking about what are our dollars doing? How are they working for us? That is everything that rate of return is about, okay?
[00:13:30] Tiffany Sauder: All right, number three. Deep breath. Tax-advantaged account, okay? You may know examples of tax-advantaged accounts and never heard this term before, but I wanna talk about the, the category and then we'll talk about some examples.
[00:13:47] Tiffany Sauder: So this is by far the most actionable term on the list. It's free money that most people leave on the table. A tax-advantaged account, again, tax-advantaged, it has a tax advantage, lets you put money in it before taxes take a bite, which means more of what you earn stays yours and keeps working for you, okay?
[00:14:12] Tiffany Sauder: So rate of return comes into play here, too. Your effective tax rate, which you can figure out by just looking at last year's tax return, is likely between 28 and 38%. So you're putting way more dollars to work if you take advantage of these programs. So they allow you to put your income, your paycheck, into an account before you pay any taxes at all.
[00:14:37] Tiffany Sauder: So some places to make sure you're maximizing. HSA, health savings accounts. This is a type of tax-advantaged accounts. I have learned this recently. If you are really proactive about investing in HSAs and you don't have a massive family who wipes out your HSA every single year like I do, these can actually be invested if they have big balances.
[00:15:00] Tiffany Sauder: You can invest HSA dollars, so then they're also making money for you. Amazing, incredible. I have a family of six with every braces and,
[00:15:09] Tiffany Sauder: you know,
[00:15:10] Tiffany Sauder: MRI known to mankind, so we don't have a big excess here, but that's incredible. HSA, tax-advantaged account where you put your dollars in there before taxes. 529 savings plan.
[00:15:22] Tiffany Sauder: This, most often used for college. You can use for any child that you have. You can even contribute to 529s for grandkids. Again, taxed-advantaged account. The, I mean, in our world, we're paying 38% effective tax rate, so If I, uh, saved $100,000 for my kid to go to school, $38,000 I got to save that otherwise I would have been paying to the government.
[00:15:47] Tiffany Sauder: That's an incredible, incredible advantage. 401s, again, you probably are, are maximizing these in some ways, but this is long, incentivizing long-term retirement savings, for the US, often come with employer matching contributions. In these tax-advantaged programs, the government is handing you a discount for using money intentionally.
[00:16:09] Tiffany Sauder: The question is, are you taking advantage of it? If you're not taking advantage of these or you're not sure if you are, I encourage you, take five minutes with a First Internet Bank banker and ask them, "Are you doing everything that I can here?" Because this is a place where, honestly, you're gonna pay the money anyway. Better you get to keep it and use it in a really specific way than give it to the government to do with what they'd like.
[00:16:36] I wanna take a quick moment to thank my partners at Share Your Genius. For the past four years, they have been an incredible part of my journey. Behind the Microphone, Share Your Genius is a content and podcast production agency that helps leaders and brands bring their message to life.
[00:16:50] Tiffany Sauder: So, whether you're trying to find your voice, develop a content strategy, or get your leader behind a microphone, they're gonna help you make it simple, strategic and impactful.
[00:16:58]
[00:17:00] Tiffany Sauder: number four, passive income. Passive income is money that keeps showing up without you personally showing up, have to make it. There's a huge range here. Some of it takes almost no effort. Some of it takes real effort once, and then it just keeps paying you back. I am gonna give you a very broad
[00:17:17] Tiffany Sauder: brushstrokes against this.
[00:17:19] Tiffany Sauder: it needs to fit your specific need and season, but I want you to think about how can your money be working for you without you having to put time to make it. So the easiest here is financial, high-yield savings accounts. We've talked about those a ton. CDs, um, index funds that pay dividends, bonds. There is no skill required, just capital sitting somewhere that is smart, smarter than a checking account, that is earning interest for you, okay?
[00:17:47] Tiffany Sauder: So that's sort of step number one, just passively you have it in investment tools that are giving you some type of, that's why dividend paying, it's, it's creating income for you right now, okay? The next tier is what I'm calling asset-based. So this is something you own that you're letting someone else use for a fee.
[00:18:05] Tiffany Sauder: So renting out a room in your home potentially. Maybe you own some property or some equipment or space that you own that you can let someone else rent. Um, this is where people can Airbnb a room on their inside of their house, a floor of their home. So especially if you have a property manager in place, this can get pretty close to truly passive.
[00:18:28] Tiffany Sauder: Someone else is doing the work, and your asset is doing the earning. So those are physical assets that I just talked about. But there's also intellectual assets, right? This is something you've probably seen on your Instagram feed. It's something that you maybe have to create once, but you don't have to create it over and over again.
[00:18:47] Tiffany Sauder: So think content or intellectual property. Something you create, you sell or license it repeatedly. So think about, like, my podcast feed. I've got over 300 podcast episodes, and I can sell advertising inside of those episodes. I don't have to make that back catalog again. That's a passive income asset. So whether I've never f- whether or not I've framed it that way, it's really working in a way where I've already created it, and it's paying me today even though I'm not recording every single day.
[00:19:16] Tiffany Sauder: So you don't have to have a rental property. You don't have to have a floor in your house that you're not using to build up passive income. You might already have the raw material sitting in what you know, or a book you've wanted to write, or content you've wanted to create So those are different examples of passive income.
[00:19:32] Tiffany Sauder: Passive income is something you own that does not require your time, that is somehow generating income that you can use to cover expenses or potentially to make other investments or to put in account and allow it to compound interest.
[00:19:48] Tiffany Sauder: see
[00:19:48] Tiffany Sauder: how this all works together. Okay.
[00:19:52] Tiffany Sauder: Number five, equity. Equity is simple even though I think it sounds like a pretty big word.
[00:20:00] Tiffany Sauder: Equity is the difference between what you own and what you owe, okay? That's how much equity you have. What's left over, what you'll hear bankers call, or just like socially we'll say free and clear once you subtract the debt. So if, we'll go back to the house example, is your home is worth $500,000 and you still owe $300,000 on the mortgage.
[00:20:24] Tiffany Sauder: You have $200,000 in equity. That's real. That's yours. And here's the thing about home equity in particular, is it's often growing two ways at once. You're paying down the loan and the house is usually appreciating, so the $500,000 house that you bought is maybe worth $650,000 when you go to sell it. And so not only do you have equity because you've paid down some of the debt, but also the asset has appreciated.
[00:20:49] Tiffany Sauder: It's gotten more valuable over time. That's what an appreciating asset m- asset, asset means. My words are getting stuck. So in that scenario, both are working in your favor at the same time. Now, here's potentially a car example. This can sometimes be the opposite story. So say you buy a car for $30,000, you finance 25,000 of it.
[00:21:12] Tiffany Sauder: The day you drive off the lot, because new cars often depreciate very quickly, it's already worth less than you paid. Cars depreciate really fast. So while you're paying down that loan, the car's value is also dropping, specifically as you're putting miles on it and it's getting wear and tear and your kids spill, I don't know, um, coffee in the back.
[00:21:38] Tiffany Sauder: Uh, you know, maybe not coffee. Sam's like, "Coffee, really?" I don't know. I was trying to think of that Dutch Brothers. Oh. That stupid smoothie place that's so hot right now. I don't know. I'm really going off script here with Dutch Brothers. But, you know, anyway, they spill crap in the back. There's Goldfish ground into the back.
[00:21:54] Tiffany Sauder: Right now, what my car looks like is I have, like, 400 volleyball players that I'm driving to and from practice, and they wanna go through the latest sugar-laden, overpriced drive-through, and it's driving me nuts, so that's why coffee was top of mind for me, but we'll go back to the topic here. So maybe your car is appreciating because it's clean, but my car is depreciating because I'm driving it and people are in it.
[00:22:20] Tiffany Sauder: So-
[00:22:20] Tiffany Sauder: That's how people end up upside down. You'll hear those terms. I'm upside down on this asset. So that means you owe more than the car is worth, okay? Same word, equity, but it can grow or shrink depending on what kind of asset you're building it in, okay? Does that make sense? So I have equity in my house. I own it free and clear, or there's part of it because I've paid it down, or I can be upside down on something, like a car potentially, where I owe more than it's worth, okay?
[00:22:53] Tiffany Sauder: That's like still equity, just not as pretty of a story, okay? They call it... I don't know if they call it negative equity. Is that a thing? I don't know. Business equity works the same way, okay? What is the business worth minus what it owes, okay? So if somebody comes and buys your business for $10 million and you have a bank loan that you have to pay for a million and a half, then that means you have eight and a half million dollars of equity.
[00:23:20] Tiffany Sauder: That's what that means. That's how much money you would get for it, okay? But unlike a car, a business you're actually building can behave a lot like a house. The debt does, goes down, the value goes up at the same time, and if you're running it well, then that's when big outcomes can happen, okay? So I, I realize you might be listening to this being like, "Tiffany, I don't want to become an entrepreneur.
[00:23:39] Tiffany Sauder: I, I don't want to build a business. I, I don't really need to understand business equity." That's fine. You might not need to as an entrepreneur. But even if you want to invest in a business, you need to be able to look at it and say, "Is there equity in this business to make it investable? Do I
[00:23:56] Tiffany Sauder: wanna give this friend or family some money?
[00:23:58] Tiffany Sauder: Do I wanna invest in this opportunity in my community?" Understanding whether there's equity in the business or not is relevant whether you're the owner of it or an investor in it, okay? The other thing that makes business equity different, and this is where it really becomes a compounding impact, is that equity also gives you borrowing capacity.
[00:24:26] Tiffany Sauder: So in the last episode that I did with First Internet Bank, I talked about how Element Three took out a loan, which is the agency that I ran for a long time and am still an owner in. We took out a loan to be able to buy an acq- to, to do an acquisition. We, we bought a new business and made our existing business bigger.
[00:24:47] Tiffany Sauder: Because our business has equity, Element Three, it has a borrowing capacity. So if it has $10 million of equity, I can go to First Internet Bank and say, "Will you give me a loan against this equity so that I can go make the business bigger?" Which then makes the equity grow as well. Does that make sense? So it's like this compounding effort of once you, once you have equity, not only does it give you something that you own, but it gives you something you can borrow against so that you can use somebody else's money, a bank's in this situation, to help you make even more investment, to make your businesses grow faster, to be able to have more things that are making money for you.
[00:25:31] Tiffany Sauder: Becomes this flywheel that's working for you, okay? The equity you've built is something a bank can lend against. All right? So you can take equity you have, borrow against it, and put that capital towards something that's generating a higher rate of return than the cost of the loan. So if I'm, I am paying First Internet Bank every single month a payment, an interest payment, saying, "Thank you so much for giving me this money that I can borrow," but they're like, "You, that's not for free.
[00:25:58] Tiffany Sauder: You need to pay me for it." So I've got a monthly payment that I need to be sure that money is working in such a way that it's covering that payment and making me money on top of it. I'm hoping this makes sense. So this allows you to build more and more equity. That is the loop. Equity creates capacity.
[00:26:18] Tiffany Sauder: Capacity creates investment.
[00:26:20] Tiffany Sauder: investment creates even more equity. So if you have equity sitting in your home, in your business, not doing anything, just sitting there, I want you to see that as leverage that can be used if you so choose. And in my situation, we had equity in the business. We knew we wanted to grow it.
[00:26:37] Tiffany Sauder: We knew that an acquisition made sense. We went and talked to our friends at First Internet Bank about how do we use this existing equity to help us grow. If that's something you're interested in, I'm encouraging you to do the same. Call my friends at First Internet Bank. There's a link in show notes. Or call Trina.
[00:26:52] Tiffany Sauder: She was on our last episode. but this is a real conversation. It's not a hypothetical one. They will help you understand what is the right amount of risk to take Or at least help you understand the risk that's in front of you so that you can decide the right risks to take.
[00:27:08] Tiffany Sauder: That's probably a more accurate way of saying it. A banker's not gonna decide your risk profile, but a banker can help you understand what risk profile is present so that you can make the right decision for you and your situation and your family and everything that's coming together. Remember Kevin O'Leary from the top of the show?
[00:27:26] Tiffany Sauder: He said something else that stuck with me, and he joked that he'd hand money to a goat if the goat could make him return. and this came forward because he said, I loved this statistic. He said, "Of the businesses that have become financial successes on Shark Tank, 75% of them have been founded by women," which we were all like hooting and hollering like, "Woo-hoo!"
[00:27:47] Tiffany Sauder: And then he said to us, "I mean, in fairness, I would give money to a goat if the goat could make me a return." So you know, we all laughed, but he wasn't really joking. What, what he meant was, as an investor, he doesn't care who or what is on the other side of the investment. He cares about one thing: Does this thing make me more money than I put in?
[00:28:09] Tiffany Sauder: And that's it. That is the whole job of investor, and I want you to start to have the mindset not just of a producer that creates a salary, but I want you also to have the mindset of an investor. Because they pay so much attention to the little things that are in front of us that we neglect. So I don't want you to be colder about money.
[00:28:30] Tiffany Sauder: I want you to be clearer about it. Compound interest, rate of return, tax advantaged accounts, passive income, equity, none of it does anything for you if it's sitting only in this vocabulary list. It only works for you if you use it. So pick one. Check your rate of return. Max out a
[00:28:52] Tiffany Sauder: tax-advantaged account.
[00:28:54] Tiffany Sauder: Ask about and calculate your equity. And if today got you thinking about your own equity or where you might wanna have a different lens in what you're doing, First Internet Bank is exactly who I'd have that conversation with. Grab the full guide in show notes, 10 Financial Terms Every Woman Must Know.
[00:29:13] Tiffany Sauder: It's got a couple more words in it for you that I didn't get to today. And I want you to stop watching your money just sit there. Go make it work for you. If you want to learn even more about our relationship with First Internet Bank, we'll have a link for you in show notes, tiffanysauder.com/first-internet-bank.
[00:29:31] Tiffany Sauder: Thanks for joining me on this super heady episode. I know it's like, "Oh my gosh, Tiffany, you said so many words and so many numbers and my brain hurts." But I want you to hear me. You will not get better at this conversation if you don't first sit in the discomfort of learning the words. If you want to practice a conversation with me, reach out, tiffany@tiffanysauder.com.
[00:29:56] Tiffany Sauder: We'd be happy to connect. And, uh, as always, thank you for listening. We'll see you back here next week. Thanks.