Hi there! You new here? We love that you found our little corner of the web. Here at Debt Free Guys, we’re all about helping people experience the freedom of becoming debt free! Would you love to feel that relief? After reading our article below, see how we can help you more here.
LGBTQ money myths are impacting your financial decisions
Learn how we can bust the money myths and misconceptions that impact the LGBTQ community and make better financial choices on this Queer Money®. Then kick off your financial independence journey now by getting your free copy of the 7-Step Credit Card Debt Slasher.
Let’s debunk the money myths of the LGBTQ community
The queer community dresses well, travels well, dines well and lives very well, right? The assumption is that LGBTQ people are all fabulous and living the highlife. And while we agree that we are all pretty fabulous, the supposition of gay affluence is a myth. A myth that can actually lead to bad decision-making in the queer community.
So, what other LGBTQ money myths impact our financial decisions? And what can we do to bust these myths and make better choices for our financial lives?
On this episode of Queer Money®, we’re sharing our top seven LGBTQ+ money myths, explaining how they impact the queer community and what to do about it. We discuss the myth that marriage equality means equality in all things and what’s behind the assumption that LGBTQ+ people are highly educated.
Listen in for insight on how homophobia and transphobia affect everyone and learn how to advocate for equal rights!
Listen here to learn how to take steps to achieve financial security:
Topics covered on LGBTQ money myths
- 7 LGBTQ+ money myths and how they impact our financial decisions
- The myth that marriage equality means equality for everything
- Why we recommend queer folks have more than the standard recommended 3 to 6 months’ worth of emergency savings
- What’s behind the myth that LGBTQ individuals are only good at arts, entertainment, style, design and hospitality (and how to overcome it)
- Why not having children doesn’t necessarily make it easy to achieve financial security
- How HIV and AIDS continue to impact the queer community
- Using the financial tools available to us to ‘plan like we’ll live forever’
- The myth that LGBTQ+ people are highly educated
- Why it’s crucial to ensure that you’ll be compensated accordingly for any advanced degree you earn
- How homophobia and transphobia affect EVERYONE
- How financial security gives us the time and money to advocate for equal rights
- How access to cheap credit perpetuates the myth of gay affluence
Resources on LGBTQ money myths
- The Movement Advancement Project COVID Data
- 2017 Prudential Study of the LGBT Financial Experience
- Notre Dame Study on Gay Men & Higher Ed
- LGBT Folks in Trades on Queer Money® EP317
- University of Surrey Study on Hiring Discrimination
- MV Lee Badgett on Queer Money® EP323
- MV Lee Badgett’s Case for LGBTQ Equality
- Paul Donovan on Queer Money® EP252
- CreditWise
Connect with David and John
- Debt Free Guys on Facebook
- Debt Free Guys on Twitter
- Debt Free Guys on YouTube
- 7-Step Credit Card Debt Slasher
- Queer Money Facebook Group
- Queer Money on Instagram
- Subscribe on iTunes
- Email [email protected]
Get more on LGBTQ money misconceptions
- Why Queer Folks Need a Financial Plan
- How to Know if You Should Buy an Annuity
- What To Know Before Filing Your Gay Taxes
We’re David and John Auten-Schneider, the Debt Free Guys and hosts of the Queer Money® podcast. We help queer people (and allies) live fabulously not fabulously broke by helping them 1) pay off credit card debt, 2) become part- or full-time entrepreneurs, and 3) save and invest for retirement.
Nice article you’ve posted. Thank you!