Show Notes
This episode breaks down the real pros of starting a business in today’s economy, especially for women navigating job insecurity and income ceilings. Sim shares why traditional “job security” isn’t what it used to be, how business ownership can unlock higher income potential, and why it’s never been easier to start something of your own. If you’ve been thinking about starting a business but feel unsure, this episode gives you a grounded, honest look at what that path can offer. Watch on YouTube | Somnipods 3
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More from Friends That Invest
This week, Sim explores why we're calling everything an investment, from designer handbags and luxury clothing to beauty treatments and plastic surgery, and how this mindset is fuelling consumerism. She breaks down the difference between investing and spending, why women feel pressured to justify expensive purchases as "investments," and how social media and beauty standards influence our financial decisions. Plus, Sim shares three practical ways to rethink your spending habits, avoid unnecessary purchases, and enjoy your money without guilt while still building long-term wealth. Watch on YouTube | Somnipods 3
This week, Sim sits down with Haley Sacks, better known as Mrs. Dow Jones, to discuss the biggest money mistakes millennial and Gen Z women make and why traditional financial advice no longer works for today's economy. From managing the rising cost of living and avoiding overspending to negotiating higher salaries, investing, and building wealth, Haley shares practical money habits from her bestselling book Future Rich Person. They also explore the hidden financial pressures women face, the dangers of online betting and prediction markets, and how to take control of your financial future without sacrificing the life you want to enjoy today. Watch on YouTube | Somnipods 3
This week, Sim answers your biggest questions about starting a business, from finding the right idea and getting your first mentor to navigating the difficult early years of entrepreneurship. She shares what building Friends That Invest taught her about testing ideas, listening to customers, managing hustle culture, and growing a business while still working a full-time job. Plus, Sim shares how entrepreneurship helped her build wealth and why you don’t need the perfect idea, lots of capital, or all the answers before you start. Watch on YouTube | Somnipods 3
This week, Sim breaks down the rapid rise of prediction markets and betting apps like Kalshi and Polymarket, and why she’s concerned about the way they’re being marketed to young people and women. She explores how these platforms differ from investing, why most users can lose money, and how pop culture campaigns around shows like Love Island are making betting feel more mainstream and accessible. If you’ve ever wondered where the line sits between investing, prediction markets and gambling, this episode explores why understanding the difference matters for your money. Watch on YouTube | Somnipods 3
This week, Sim breaks down how to avoid lifestyle creep as your income grows and the people around you start spending more. She shares five practical strategies for managing pay rises and bonuses, avoiding the comparison trap, curating your social media, and defining what your own “rich life” actually looks like. If you want to enjoy earning more without letting bigger houses, nicer cars, luxury purchases, or social pressure derail your financial goals, this episode will help you spend according to what you genuinely value. Watch on YouTube | Somnipods 3