The Money with Katie Show

Mutual Aid Digital Network

Market Gap: Communities need more accessible mutual aid resources.

A digital network for mutual aid could serve as a centralized platform where community members can offer and request assistance. This platform would allow users to post their needs, whether it's food, shelter, or other resources, and connect them with individuals willing to help. The network could include features for users to volunteer their skills, share resources, and collaborate on community projects. By streamlining communication and support, this platform would empower communities to better support each other and create a culture of mutual aid, making it easier for everyone to get involved and contribute according to their capacity.

From: On Overvalued Stocks, Tithing & Mutual Aid, and Creating Enforceable Prenups

Personal Finance Website for Stay-at-Home Parents

Market Gap: Stay-at-home parents lack financial resources and planning.

A personal finance website dedicated to supporting stay-at-home parents could provide essential resources tailored to their unique needs. The platform could offer budgeting tools, retirement planning resources, and guidance on how to build financial independence while managing a household. It would create a community for users to share experiences and advice, empowering them to take control of their financial futures. The site could also provide workshops or webinars on topics such as negotiating for spousal support, understanding prenuptial agreements, and managing household finances effectively, thereby addressing the financial disparities often faced by stay-at-home parents.

From: On Overvalued Stocks, Tithing & Mutual Aid, and Creating Enforceable Prenups

Facelift Fund Savings App

Market Gap: People struggle to save for elective cosmetic procedures.

The Facelift Fund Savings App would provide a platform for users to save specifically for elective cosmetic procedures. Users can set up recurring deposits of $10, $20, or more each month, tracking their progress towards their goals. The app could feature educational resources about various procedures, budgeting tips for cosmetic surgery, and reminders to keep users motivated. Targeting individuals, especially women in their 30s who are concerned about aging, this app addresses a growing market for planned and intentional savings for cosmetic enhancements, aligning with the cultural shift towards proactive beauty and health planning.

From: On Overvalued Stocks, Tithing & Mutual Aid, and Creating Enforceable Prenups

Crisis Management Consulting for Minority-Owned Businesses

Market Gap: Minority-owned businesses struggle during economic crises.

A consulting service focused on crisis management for minority-owned businesses could provide tailored strategies and resources to help them navigate economic challenges. This service could offer workshops, one-on-one consulting, and access to a network of successful minority entrepreneurs who share their experiences and insights. By focusing on the unique needs of these businesses, the service would empower them to develop resilience and sustainability, ultimately contributing to the economic vitality of their communities. This could also include advocacy efforts to raise awareness about the challenges faced by minority entrepreneurs during crises.

From: Why the 'Double Tax' is the Canary in the Economic Coal Mine We Need to Pay Attention to

Data-Driven Salary Negotiation Tool

Market Gap: Black women face discrimination in salary negotiations.

A data-driven salary negotiation tool specifically designed for Black women could provide personalized insights and resources to help them navigate the complexities of salary discussions. By leveraging data on industry salary benchmarks, negotiation strategies, and success stories from other Black women, this platform could empower users to approach negotiations with confidence. Additionally, it could offer community support, allowing users to share experiences and strategies, ultimately leading to better financial outcomes and increased representation in higher-paying roles.

From: Why the 'Double Tax' is the Canary in the Economic Coal Mine We Need to Pay Attention to

Community-Driven Childcare Support Platform

Market Gap: Black mothers face systemic discrimination and high childcare costs.

A community-driven childcare support platform could connect Black mothers with resources, childcare options, and peer support, addressing the unique challenges they face in parenting. This platform could facilitate shared babysitting arrangements, offer financial tools for managing childcare costs, and create a community space for mothers to share experiences and advice. By linking mothers together, the platform would empower them to collectively negotiate better childcare options and support each other through the challenges of motherhood, effectively reducing the financial and emotional burdens they experience.

From: Why the 'Double Tax' is the Canary in the Economic Coal Mine We Need to Pay Attention to

Automated Financial Product Comparison Tool

Market Gap: Consumers face challenges comparing financial products effectively.

The Automated Financial Product Comparison Tool would leverage technology to provide users with an easy-to-navigate platform that aggregates data on various financial products, allowing for side-by-side comparisons based on user-defined criteria. This tool would utilize standardized disclosures and machine-readable formats to ensure that users can quickly assess and compare fees, interest rates, and features of different financial offerings. By employing user-friendly interfaces, such as intuitive dashboards and personalized recommendations, the tool would cater to a diverse audience, including those with lower financial literacy. This solution aims to empower consumers to make informed choices, fostering competition among providers and ultimately leading to better financial products and services.

From: Personal Finance is Broken—Can These Economists Fix It?

Standardized Financial Product Disclosure Platform

Market Gap: Consumers struggle to understand complex financial product terms.

The Standardized Financial Product Disclosure Platform would provide a centralized resource for consumers to access clear, concise, and standardized information about financial products. This platform would aim to simplify the comparison of fees, terms, and features across various financial offerings, such as loans, insurance, and investment accounts. By requiring financial institutions to present their products in a uniform format, consumers would be better equipped to make informed decisions. This initiative not only enhances transparency but also encourages competition among providers to offer better products. Additionally, it could include an educational component to improve financial literacy, fostering a more informed consumer base that can navigate the financial landscape with confidence.

From: Personal Finance is Broken—Can These Economists Fix It?

Personal Finance Starter Kit

Market Gap: New adults lack essential financial tools for stability.

The Personal Finance Starter Kit is a structured set of essential financial products designed to equip individuals with the tools necessary for successful money management and to navigate the complexities of the modern financial system. This kit could include mandatory transaction and savings accounts, automatic contributions to savings from tax refunds, income-driven loans, and easy access to basic insurance and retirement savings. By simplifying access to these products, individuals can avoid common pitfalls and reduce reliance on exploitative financial services, ultimately fostering a culture of saving and financial literacy. The kit aims to provide a safety net for new adults entering the financial landscape, ensuring they have the necessary resources to make informed decisions and build wealth over time.

From: Personal Finance is Broken—Can These Economists Fix It?

Financial Therapy Platform for Entrepreneurs

The concept here is to create a platform that combines financial planning with emotional support, specifically for entrepreneurs who face unique psychological and financial pressures. This would include access to certified financial planners who understand the entrepreneurial journey, alongside mental health professionals or financial therapists who can help clients navigate the emotional complexities of financial decision-making. The platform could offer one-on-one sessions, group support, and resources for entrepreneurs to manage their finances while addressing their mental well-being. Target users would be small business owners, freelancers, and startup founders who may struggle with the emotional weight of balancing finances and business growth. The platform could integrate various tools for budgeting and financial tracking to enhance the overall user experience.

From: A CFP on Outdated Advice, 'Jumping' Social Classes, & Why Money Mindset Matters