Magazine

How My LGBTQIA Identity Affects My Finances: Jordan Rubenstein (Video)

By Ellevest Team

Facts: People in the LGBTQIA community face particular challenges when it comes to money — which is why we wanted to give some members a platform to share their stories. So we’re excited to feature some of our LGBTQIA+ identifying employees in a video series in which we ask the question: “How has your identity affected your finances?”

Here’s Jordan Rubenstein, senior CRM manager.


Meet Jordan:

I’m Jordan Rubenstein. I identify as non-binary, transgender, and queer, and I use the pronouns they / them.

I knew that coming out, especially to my dad, would be a problem. When I did, it was just really a disaster. To this day, my parents don’t use my pronouns. I was told to limit communications with different people in the extended family, and then also cut off financially. I was living on food stamps. It was really a struggle each month to pay the rent, feed myself, to have the things I needed.

I knew, at that point, that I wanted to transition medically. Barely any insurances anywhere were covering transition-related care. In order to transition, I’d have to pay out of pocket for all of the expenses.

The first thing I did was build an emergency fund, and then after that, I started pretty aggressively investing. Having the ability to have money and to transition allowed me to live till now — it’s completely saved my life, given me my home, my body, a body that’s allowed me to feel more comfortable with myself.

It’s really important to see multiple stories, that there’s not one way to be trans, or to be non-binary, or to be queer.

I just hope that once we’re past President Trump, trans people’s rights will be solidified and people will have access to transition, regardless of their economic status. That people will gain a more broad understanding of how diverse the transgender community is.

Disclosures

© 2019 Ellevest, Inc. All Rights Reserved.

The views, information, or opinions expressed are those of the individual featured. They do not necessarily represent those of Ellevest and do not constitute or imply Ellevest’s endorsement of any third-party’s products or services.

The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice.

Investing entails risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.

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Ellevest Team

The Ellevest team is working to help women reach their financial and professional goals.