62. I Want to Buy a Chanel Bag! with Sheefteh Khalili

The Fiscal Feminist

Financial responsibility is so important, but money is also a powerful tool to help us enjoy our lives — whether that means buying a Chanel handbag or traveling the world. In this episode, Kimberlee talks with Sheefteh Khalili about Sheefteh’s journey to build wealth through investing, career growth, and intentional saving. Sheefteh explains how Kimberlee has helped her unlock new financial understanding, and she shares her experience with negotiating her salary, talking openly about finances with her partner, and more.

Episode Recap:

• Today we’re talking with Sheefteh Khalili (1:53)
• What challenges were you working through when we first met? (3:06)
• Our money should allow us to enjoy life, whatever that looks like for us (7:32)
• How did you focus on building wealth before and after getting a promotion? (12:55)
• What steps have you taken to progress quickly in your career? (21:13)
• How are you preparing financially for your upcoming marriage? (29:51)
• Conversations about money will get easier over time! (33:20)
• Should you co-mingle your finances right when you get married? (43:21)

Resources:

• Find every episode of The Fiscal Feminist podcast
• Watch The Fiscal Feminist episodes on YouTube
• Sign up to join Kimberlee on the podcast
• “The Fiscal Feminist” book

Quotes:
“No one in my immediate family or circle of friends knew anything about investing. I’m a second generation immigrant and a first generation college student, and so you know, luckily my parents taught me a lot about saving and not using credit cards, having an emergency fund, but nobody had anything to teach me about investing. That just wasn’t part of our information. We were middle class, but I feel like that’s just not accessible, even though I was really educated, this was a whole other area, very intimidating.”

“We should all be aspirational, right? We all have those things that we want, that we want to do, and money is a means to an end. I’m not saying you should spend all your money — you need to save some of it, you need to worry about retirement, you need to worry about the emergencies — but you also need to live your life and enjoy life, because every single day is precious. So I want people to think about the money journey as ‘how can I accomplish those aspirational things that I want to do?’ Whether it’s to buy a Chanel handbag, or go to Alaska, whatever it is that’s going to really bring you up and love life because you have the opportunity to do it.”