6 Awkward Money Questions with Alexis Ohanian

Chelsea sits down with Reddit co-founder Alexis Ohanian to talk about money, work, life, and how to do all three better.

Special guest alexis ohanian co-founder of reddit and managing which is empower which is this very very save on your bills and rack up points and just live better with money, so it’s very interested in talking about money these days which is, as you guys know, my our six awkward money questions. let’s do you ever spent in the name of romance? okay, well that is not a single

Dime spent on my now wife cuz all of that was well invested there were previous relationships though where i definitely bouquets of flowers that i bought on the first dates that like i just a little over-like right idea just way too overboard like- bringing flowers to a date should be illegal particularly-especially a first date. and it’s worse a blind date. and so it’s

You’re like- you brought them to a blind date?! i have no-thank you for laughing at me yes, no i have no heard really good things, so naturally i that’s like bringing someone a balloon around. i should have brought a balloon animal.i should have learned how to make a balloon animal because at least then there would have been a gesture of- well i guess it would still be

Lame. so don’t do that on a person? the first thing that came to mind, thing that came to mind was my peloton because i think yes but it’s unfair and it was misguided because i got it for my sf home where i’m just rarely the fee and i just remind myself like, “oh but i can’t take with me anywhere?” meanwhile like i get myself a trx, which strength like weight training

Anywhere. that i’ll use all the time because it is well-being and it just- it was it was making the mistake of being seduced by travels as much as i do and then i look at this, like, this hunk of rope way greater than the damn peloton but… i feel like little framed picture of you as like the number one person they have in their mind when they’re like packaging these

Things. cuz it is who will never use them. it has been effective i also personally don’t care “okay, this is the time i’m finally gonna stick” but yeah it’s still there in sf and they know how often i’ve used it because they’ve- and now you’re ashamed. i’ve used it like ten times out of a year and it’s like clearly not getting the roi off of it so… as the only weight

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And it is such a valuable-like if you want to start well way earlier in my life and certainly in my working career but you equipment, just doing these bodyweight exercises. that is extremely my the machine, the reformer sometimes, but it’s too expensive to do that much and the mat is literally your body and you on a yoga mat curiosity, i imagine it must be funny to be

Married to like essentially peloton more than 10 times a year. is there never a moment of like, “are you gonna get on that peleton? i take solace in knowing that she hates cardio, i think even more paying for it is the real question? no, no i’m should cancel that subscription, shouldn’t i? that is 100% their business model. empower right now the app would tell me “you

Need to cancel that peloton instantly.” so what is a guilty pleasure that you spend money on even though you in g.o.a.t. but i spent- what’s g.o.a.t.? it’s a sneaker marketplace so for buying new shouldn’t but i’ve tried to be really strategic with it. and so, i tie purchases myself when i was coming back from parental leave because i was like, “okay transitioning back

To the day to day work.” i have to say as someone who knows getting weirder looking. well, especially the trend right now are these ugly, ugly dad sneakers. yeah, they look like the kirkland signature one. yeah, but that’s-that’s the trend it will phase out, for sure. do you have some of those?i don’t because i still have like haven’t seen any i like enough to want to get

But but really cheap about even though you know you should be spending more on it? whatever the cheapest undershirts, socks, ton of food staples that i just can’t imagine having in large and fairly cheap days and so i need protein and beans are an incredibly efficient way to get protein and you can buy them in bulk, you’ve gotta put in a little work to prep them but bunch

Of weird weird stuff like that. i feel like unused peleton, plant-based/ checking a lot of the start-up guy boxes. the sneakers. i’m a walking people with money know that people without money don’t? i mean i’m still learning stuff it’s weird, i thought i would be handed like a book… when you got rich? yeah, i always assumed that someone was gonna show up one day like,


“Good day sir, and i never got this and i still am learning things and and it’s-it’s continue to just scratch my head and wonder like, “how is it possible this access to health care and quality of health care. growing up, i just assumed- i becomes a doctor has to be really smart really hard working hospitals are basically the same all healthcare is basically the same like,

You and that’s just what we always did. and only in recent years as i’ve had to obscene wealth, even you know relative to money wealth, have i learned that like, oh there-no there’s a whole other world hospitals and quality of care. and i literally never even heard of these jarring. jarring. i’ve been lucky to have care at all my life, knock on wood, aside from like breaking

A leg from ones go through it and seeing the sort of different levels of quality of care we all as a public really understood the difference, i think folks would be even country because it is staggering the difference. and i know-i know in ten whole other level of care where we’re all using the blood of young healthy teens literally literally does that. supposedly that’s

A thing i feel like at some point we’re gonna have that really shook me because it really made me rethink the care that loved ones access to it one financially but we didn’t even know about it. like obviously i want the very best that i can get and could have dreamed of but i just did i didn’t think it was that different. and medicine, which is such a silly thing to be

Afraid o,f but you know i lived in a that you realize when you live there is that the overall standards for every one rich people still have their fancy medicine like they still have their like, you know, cosmetic stuff is out of pocket but also like a lot of them will don’t want to be in crowded rooms with other people like and so rich people you that is the challenge,

You’re totally right, is that-how do we bring the and now having really seen this sort of fully understand or appreciate the other, like lowest ends of it when you’re secrets; okay, you guys get full-body that rich people do? uh i don’t, god i probably should, i mean i get the routine blood work that i feel like most people get. you’re not getting like-so i imagine that

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Whole body. there’s-there are a couple of startups in the valley that are doing what is something that 2018 alexis is never thought possible? you know what i actually think you were already rich so… how about 2005 alexis? there you go, just just pre-rich alexis. like even just the fact that anything right from uber to lyft to postmates like even just that that i i don’t

Really have to think twice. like if i want to make sure to of that so as i’m heading home in a lyft that i’ve also magically summoned same time i’ll get there. i mean that, to me, feels like magic and even i think of really think about it it seems like pure wizardry. so obviously events, and one of the things that i think a lot of people don’t realize is etc. maybe not be

Your case in each in each not know. even at the complete lowest possible end of public figuredom. you things are given to you for free. so yeah, i get gifted a lot of custom tailored for me and all this and it’s it’s a little insane but then this financial products. i remember the canonical problem is you you don’t they’re more than happy to. and and i realized i like i

Realized why trying to evaluate risk, but like i’m the same person i was before, right. and things and features and whatnot the wealthier you are and unless you need them. normally try to nickel and dime you, they someone instantly who will call me to deal with whatever is happening and they’re a live human and they know me by name and they’ve worked with me still a next

Level to the financial world you just get access to once you way that the difference in access to medicine makes my head spin, the but they they add up a lot especially when you think about the implications won’t take credit for it, someone once referred to wealth as like the lubricant functions better, everything is like more intuitive you can just make decisions it’s like

The, what is it wd-40? yeah, there you go, yeah. the six awkward money questions with alexis. obviously check them out on check out empower, which we’ll also link you to in the description. as always, and to come back every tuesday, thursday, and friday for new and awesome videos.

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6 Awkward Money Questions with Alexis Ohanian By The Financial Diet

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