So Money with Farnoosh Torabi

<p>My guest today is one of the most vibrant and necessary voices in personal finance today. <a href="https://moneywithkatie.com/about" rel="noopener noreferrer" target="_blank">Katie Gatti Tassin</a> is the founder of the wildly popular Money with Katie platform and host of the podcast by the same name. She's back on the show with a brand-new book that is as bold as it is brilliant: <a href="https://moneywithkatie.com/rich-girl-nation" rel="noopener noreferrer" target="_blank">Rich Girl Nation.</a></p><br><p>This isn't your average money guide. Katie weaves sharp analysis, real-world context, and her signature wit into a manifesto for financial independence — especially for women navigating the beauty tax, the motherhood penalty, workplace politics, and a world where financial systems weren’t exactly built with us in mind.</p><br><p>We discuss why the first chapter is called “The Hot Girl Hamster Wheel,” how investing in yourself early can pay off big, and why financial independence isn’t just about retiring early—it’s about having options.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>Farnoosh kicks things off with life updates—juggling the whirlwind of September as a parent, launching <a href="http://www.montclairpod.com" rel="noopener noreferrer" target="_blank"><em>The Montclair Pod</em> </a>(now a finalist for a prestigious <a href="https://vote.signalaward.com/PublicVoting?utm_campaign=signal4_finalists_finalistnotification_092325&utm_medium=email&utm_source=cio#/2025/shows/genre/local-news" rel="noopener noreferrer" target="_blank">Signal Award (vote here)</a>), and coping with a double hit of bank fraud that forced her to shut down an account and rebuild her banking setup.</p><br><p>Sign up for her investing workshop on Tuesday, Sept 30 at <a href="http://www.SoMoneyWorkshop.com" rel="noopener noreferrer" target="_blank">SoMoneyWorkshop.com</a></p><br><p>Farnoosh also shares important personal finance headlines:</p><p><br></p><ul><li><strong>Doctors vs. Insurance Companies:</strong> New prior-authorization rules delaying basic care.</li><li><strong>Amazon’s $2.5 billion FTC settlement:</strong> Millions of Prime subscribers may be eligible for refunds.</li><li><strong>Iron Hill Brewery closures:</strong> A beloved East Coast restaurant chain, tied to her own family memories, shutters permanently.</li></ul><p><br></p><p>In the mailbag, she tackles listener questions on:</p><p><br></p><ul><li>Whether to open multiple high-yield savings accounts for different goals like emergencies, annual expenses, and travel.</li><li>The best ways to start saving for a child’s college education—including 529 plans, gifting platforms, and Roth IRAs.</li><li>How to ace a financial services interview at age 23 without licenses yet—focusing on passion, relatability, research, and asking smart questions.</li><li>Dividing money between an emergency fund, retirement, and a down payment on a home.</li><li>Strategies for intermediate savings goals like marriage or travel within 10 years, and how to balance risk vs. safety in those investments.</li></ul><p><br></p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>If you’ve been following along, you know that I recently experienced fraud in my own business checking account — a gut-wrenching ordeal where thousands of dollars disappeared overnight because someone got hold of my routing number. The bank caught it, but the disruption and stress were very real. And I’ll be honest: even as someone who spends her life thinking and talking about money, I almost missed the warning signs.</p><br><p>Which is why today’s conversation is so important. We’re heading into the fall and holiday season — peak time for identity theft and online scams. Fraudsters know we’re distracted, busy, spending more, and often less vigilant.</p><br><p>To help us all stay one step ahead, I’ve invited back Martha Underwood, founder of <a href="https://getprismm.com/" rel="noopener noreferrer" target="_blank">Prismm</a>. Martha and her team are on the frontlines of protecting our financial identity and legacy. She’s here to share the latest scams to watch out for — from PayPal “micro-deposits,” to spoofed IRS texts, to sophisticated AI voice fraud — and, most importantly, the concrete steps we can take to guard our money, our families, and our peace of mind.</p><br><p><a href="https://www.thecut.com/article/amazon-scam-call-ftc-arrest-warrants.html" rel="noopener noreferrer" target="_blank">Charlotte Cowles on Losing $50k to a Scammer</a></p><p><br></p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>Money is never just about money. It’s identity, history, and how we see ourselves in the mirror. Today, we’re joined by psychotherapist <a href="https://www.hollirubin.com/" rel="noopener noreferrer" target="_blank">Holli Rubin</a>, whose work sits at the intersection of mental health, body image, and financial wellbeing. She specializes in life transitions and women’s mental health, and she’s advised organizations from Deloitte to wealth management firms on the psychology of money and confidence. </p><br><p>In our conversation, Holli unpacks why so many women carry shame and doubt around money, how early messages about worth, care work, and “who earns” shape our financial confidence and why self-worth gets tangled up with net worth. We also explore her nuanced link between body image and money: the ways appearance and status cues can mask (or magnify) our inner stories about value, security, and belonging. And crucially, she offers practical ways to move from awareness to action, especially in midlife when careers, relationships, and health are all in flux. </p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>In this week’s <em>Ask Farnoosh</em>, Farnoosh opens with a personal story about a $5,000 fraud attempt on her business checking account—and what she learned about staying vigilant. She then breaks down today’s biggest money headlines: the Fed’s recent interest rate cut, why U.S. credit scores just saw their sharpest drop since 2008, shifts in the housing market, and why groceries and rent are still stubbornly high despite easing inflation elsewhere. Farnoosh also answers a wide range of listener questions from investing to estate planning.</p><br><p>Register for <a href="http://www.somoneyworkshop.com" rel="noopener noreferrer" target="_blank">Farnoosh's investing workshop</a> on Sept 30th.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>What happens when ambition—the very quality that’s supposed to fuel our success—ends up making us sick?</p><br><p>My guest today, Amina AlTai, knows this firsthand. On a sweltering July morning in New York City, she got a call from her doctor that changed everything: if she didn’t head to the hospital immediately, she was just days away from multiple organ failure. The cause? Years of overwork and overstriving, rooted in her experience as the child of immigrants, navigating a post-9/11 workplace with an Arab name, and feeling she had to be the hardest working person in the room to matter.</p><br><p>That wake-up call set Amina on a journey of healing and reinvention, eventually becoming an executive coach to senior leaders and women around the world. From her work and her own life, she’s come to see that ambition isn’t the enemy—but the way we relate to it can be. In her new book <em>T</em><a href="https://www.amazon.com/Ambition-Trap-Chasing-Start-Living/dp/0593655303?adgrpid=180038482722&hvpone=&hvptwo=&hvadid=748008426882&hvpos=&hvnetw=g&hvrand=1984034727473196640&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9003498&hvtargid=dsa-2414841787086&hydadcr=&mcid=&hvocijid=1984034727473196640--&hvexpln=67&tag=googhydr-20&hvsb=Money_d&hvcampaign=dsadesk" rel="noopener noreferrer" target="_blank"><em>he Ambition Trap: How to Stop Chasing and Start Living,</em></a> she introduces us to two kinds of ambition: the painful kind, driven by wounds like rejection or injustice, and the purposeful kind, rooted in truth and wholeness.</p><br><p>We’ll talk about how to spot the difference, how to break free from the “painful ambition” that leaves us exhausted and disconnected, and what it looks like to redirect that drive in ways that nourish us, support our communities, and bring lasting fulfillment.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>Blended families don’t just merge households—they merge bank accounts, bills, and very different money expectations. And while stepfamilies are becoming more and more common, the financial playbook for them is far from simple. Every dollar spent can feel loaded: is it going to your kids, your spouse’s kids, or the kids you’re now raising together?</p><br><p>My guest today, <strong>Cameron Normand</strong>, is one of the country’s leading stepfamily experts and the founder of <em>Stepfamily Solutions</em>. She knows firsthand how money and emotional labor intersect in blended families, and she’s built a career helping stepparents navigate the financial and emotional landmines that come with the role.</p><p>In our conversation, Cameron breaks down why finances in stepfamilies are about so much more than dollars and cents, the “insider-outsider” syndrome that many stepparents face, and what it really takes to create a household where everyone feels seen, supported, and financially secure.</p><br><p>Learn more about Cameron at <a href="http://stepfamilysolutions.com/" rel="noopener noreferrer" target="_blank">stepfamilysolutions.com</a>. And check out her <a href="https://stepfamilysolutions.com/stepmom-scripts" rel="noopener noreferrer" target="_blank">10 Essential Stepmom Scripts</a>, which helps stepmoms with some of the most challenging conversations in blended family life.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

In this episode, Farnoosh shares advice on managing finances between partners with unequal incomes and offers guidance on common financial queries such as selling a home to live mortgage-free and building credit without a credit card. Register for Farnoosh's <a href="http://www.somoneyworkshop.com" rel="noopener noreferrer" target="_blank">live investing workshop here.</a> Listen to Farnoosh on <a href="https://www.wnyc.org/story/who-makes-more-how-to-handle-income-disparities-in-love--and-friendships/" rel="noopener noreferrer" target="_blank">WNYC here.</a> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>What does it mean to be well-mannered with your money?</p><br><p>Today, we’re getting a masterclass in modern etiquette from Daniel Post Senning, the great-great-grandson of Emily Post and co-president of the Emily Post Institute. Daniel joins us to talk about the sticky situations we all face—splitting the bill, tipping in the era of digital checkout screens, handling salary conversations with friends, and navigating the financial asks that come with weddings, parties, and work culture.</p><br><p>With AI reshaping our communication, remote work blurring social lines, and generational traditions clashing with modern norms, it’s never been harder—or more important—to be mindful of how we show up for each other.</p><br><p>For more information, check out The <a href="https://www.instagram.com/emilypostinstitute/?hl=en" rel="noopener noreferrer" target="_blank">Emily Post Institute</a>, the podcast <a href="https://podcasts.apple.com/us/podcast/awesome-etiquette/id1191011680" rel="noopener noreferrer" target="_blank">Awesome Etiquette</a>, and the book <a href="https://www.penguinrandomhouse.com/books/761852/emily-posts-business-etiquette-by-lizzie-post-and-daniel-post-senning/" rel="noopener noreferrer" target="_blank"><em>Emily Post’s Business Etiquette</em></a>.</p><br><p>This episode aired originally on June 9, 2025.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>While most of us wait until January to make financial resolutions, fall is actually one of the smartest times to review your finances, especially your 401(k). Deadlines are coming up, new legislation is on the horizon, and for many of us, this is when employers open enrollment and nudge us to re-evaluate our benefits. I’m joined by <a href="https://www.wealthwithtess.com/" rel="noopener noreferrer" target="_blank">Tess Waresmith</a>, accredited financial counselor, investing educator, and founder of <em>Wealth with Tess</em>. Tess has a gift for breaking down the intimidating world of investing into simple, actionable steps that help everyday people build long-term wealth. She’s here to walk us through what the recent headlines about crypto and alternative assets in 401(k)s really mean, how to make sure your account is working for you, and the strategies she believes are most important as we close out the year.</p><br><p>Learn more about Tess:</p><p><a href="https://www.wealthwithtess.com/" rel="noopener noreferrer" target="_blank">WealthWithTess.com</a></p><p><a href="https://www.instagram.com/wealthwithtess/" rel="noopener noreferrer" target="_blank">Follow on Instagram</a></p><br><p>On <strong>Tuesday, September 30th</strong>, I’ll be teaching my <a href="http://www.somoneyworkshop.com" rel="noopener noreferrer" target="_blank"><strong>Investing Workshop</strong></a>—a live class where I’ll pull back the curtain on exactly how I invest and the rules I follow. You’ll get to see my process in action and walk away with clear strategies you can use. If you’d like to join me, head to <a href="http://www.SoMoneyWorkshop.com" rel="noopener noreferrer" target="_blank"><strong>SoMoneyWorkshop.com</strong></a> to reserve your spot.</p><p><br></p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>In this episode of <em>So Money</em>, host <strong>Farnoosh Torabi</strong> dedicates the conversation to college savings in recognition of College Savings Month. Returning guest <strong>Patricia Roberts</strong>, author of <a href="https://www.amazon.com/dp/1735750603?ref=cm_sw_r_ffobk_cso_cp_apin_dp_D2KVG8RSWJNP5Z6BVQ4D&ref_=cm_sw_r_ffobk_cso_cp_apin_dp_D2KVG8RSWJNP5Z6BVQ4D&social_share=cm_sw_r_ffobk_cso_cp_apin_dp_D2KVG8RSWJNP5Z6BVQ4D&bestFormat=true&csmig=1" rel="noopener noreferrer" target="_blank"><em>Route 529</em> </a>and a leading expert on college savings, breaks down the latest updates to 529 plans, including expanded uses under the newly signed HR1 bill.</p><br><p>Together, they explore whether college is still worth the investment, the growing benefits of 529s for both K–12 and post-secondary credentials, and practical strategies for realistic saving. Listener questions are also answered—covering how to save for multiple children, the differences between federal and private loans, and when families might choose a 529 over alternative accounts like brokerage or custodial accounts.</p><br><p>Farnoosh and Patricia share <strong>practical tips for families at every stage of the college savings journey</strong>, emphasizing planning, flexibility, and smart use of resources, including employer contributions. This episode is a must-listen for parents and caregivers looking to secure a strong financial foundation for their children’s education.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

Financial journalist Beth Pinsker joins with a sneak preview of her forthcoming book <a href="https://www.amazon.com/My-Mothers-Money-Financial-Caregiving/dp/B0DW3MLPDW" rel="noopener noreferrer" target="_blank"><em>My Mother’s Money: A Guide to Financial Caregiving</em> </a>(out this November). We dive into the realities of stepping in to manage a parent’s finances—what to do first, the documents you <em>must</em> have in place, the pitfalls of long-term care, and how to navigate banks, insurers, and even cable companies when they put up barriers. Essential listening for anyone with aging parents—or kids of their own. <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>Our guest needs little introduction if you’ve spent any time in the world of online entrepreneurship. Pat Flynn is one of the most respected thought leaders in digital business and passive income. He’s the creator of Smart Passive Income, host of multiple top-ranked podcasts, a sought-after speaker, and the author of several bestselling books including Will It Fly? and Superfans.</p><br><p>Now, Pat is back with a timely and much-needed new book: Lean Learning: How to Achieve More by Learning Less. In an age when we’re drowning in information and pulled in a dozen directions by the algorithm, Lean Learning is a practical framework for mastering new skills efficiently—without burning out or going broke in the process.</p><br><p>This episode aired originally on June 11, 2025.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>In this week's Ask Farnoosh episode, we tackle three major financial dilemmas from listeners: <strong>Setting Boundaries as a Daughter of Immigrants, Avoiding Financial Dependence on a Partner</strong> and <strong>Knowing When to Walk Away from a Business. </strong>Plus, a behind-the-scenes update on <em>The Montclair Pod</em>, and reflections on launching a new show 10 years after <em>So Money.</em></p><br><p><strong>Resources & Links:</strong></p><ul><li>Listen to <a href="https://montclairpod.com/" rel="noopener noreferrer" target="_blank"><em>The Montclair Pod</em></a></li><li>Join the<a href="http://www.somoneymembers.com/" rel="noopener noreferrer" target="_blank"> So Money Members Club</a>.</li><li>Download Farnoosh’s<a href="http://www.farnoosh.tv/blueprint" rel="noopener noreferrer" target="_blank"> free investing blueprint</a>.</li><li>Hang out with Farnoosh on <a href="http://www.instagram.com/farnooshtorabi" rel="noopener noreferrer" target="_blank">Instagram</a>.</li></ul><p><br></p><p>This episode aired originally on February 21, 2025.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>Guest <a href="https://amymorinlcsw.com/" rel="noopener noreferrer" target="_blank">Amy Morin</a> is a psychotherapist, mental strength trainer and the host of <a href="https://amymorinlcsw.com/podcasts/" rel="noopener noreferrer" target="_blank">Mentally Stronger.</a> She joins to share her 5 lifestyle mistakes that keep you from growing mentally stronger — and financially better off.</p><br><p>More about Amy: She is an international bestselling author. Her books, including 13 Things Mentally Strong People Don’t Do, have been translated into more than 40 languages and sold more than 1 million copies. The Guardian dubbed her “the self-help guru of the moment.” Forbes calls her a “thought leadership star” and People says her book is one of the top 20 must read books of all time.</p><p>She lives on a sailboat in the Florida Keys.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>Imagine you arrive at retirement with no savings. Imagine living entirely off of your social security paycheck, which currently averages $1,900 a month. Guest Anne Tergesen is a reporter for The Wall Street Journal and offers insights from the article she co-wrote recently, “<a href="https://www.wsj.com/personal-finance/retirement-only-social-security-benefits-america-a3a706e0" rel="noopener noreferrer" target="_blank">Here’s What It’s Like to Retire on Almost Nothing But Social Security.”</a></p><br><p>This episode is a replay from Feb 7, 2024.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>Today’s show is about managing and making the most of an inheritance and other<strong> windfalls. </strong>The Great Wealth Transfer is unfolding, with a record number of assets passed down from generation to generation. Members of our audience have specific questions about this, and to help answer our questions, we have Pam Krueger, who is the founder of <a href="http://www.wealthramp.com/" rel="noopener noreferrer" target="_blank">Wealthramp</a>, a platform that matches you with qualified, pre-vetted, fee-only financial advisors that fit your priorities and preferences. Also joining is <a href="https://tobiasfinancial.com/about/team/marianela-collado/" rel="noopener noreferrer" target="_blank">Marienela Collado</a>, CFP and CPA for Tobias Financial Advisors.</p><br><p>This episode aired originally on July 12, 2024.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>We’re talking about the art of traveling smarter, not pricier, and why right now might be one of the best times to find travel deals. </p><br><p>Joining is Dan Rodriguez, a travel expert who has turned his decades of globe-trotting into a career helping people earn and maximize points and miles.</p><br><p>Dan is a certified travel advisor with <a href="https://www.foratravel.com/advisor/dan-rodriguez" rel="noopener noreferrer" target="_blank">Fora Travel</a>, where he helps clients unlock VIP perks and luxury experiences. He also writes the Substack <em>Holy Trip, You Guys</em> at <a href="http://holytripyouguys.com" rel="noopener noreferrer" target="_blank">holytripyouguys.com</a>, and you can find his day-to-day insights on Instagram at <a href="https://instagram.com/holyshityouguys" rel="noopener noreferrer" target="_blank">@holyshityouguys</a>.</p><br><p>This conversation was originally recorded inside the So Money Members Club this summer, where Dan joined us for an in-depth workshop on mastering travel rewards. Consider it a sneak peek of the kind of learning and access you get inside the <a href="http://www.somoneymembers.com" rel="noopener noreferrer" target="_blank">Club</a>. </p><p><br></p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>Ever wonder why we take on debt knowing it will cost us — or why flashing a credit card can feel like flashing status? It’s not just poor math or bad habits. It’s biology, psychology, and marketing, all tangled together.</p><br><p>In today’s episode, we unpack the <em>psychology of spending</em> with Wright State University professor and author <a href="https://people.wright.edu/john.dinsmore" rel="noopener noreferrer" target="_blank"><strong>John Dinsmore</strong></a>, whose new book <a href="https://www.amazon.com/Marketing-Debt-How-They-Get/dp/1836626010" rel="noopener noreferrer" target="_blank"><em>The Marketing of Debt: How They Get You</em> </a>breaks down the subtle — and not-so-subtle — ways marketers capitalize on our optimism, impulsivity, and desire for status.</p><br><p>We talk about:</p><ul><li>Why your brain underestimates the pain of future debt</li><li>How credit card companies brand products to play on our egos</li><li>Why handling money can make us <em>less</em> generous</li><li>The hidden costs of “quiet luxury” and keeping up appearances</li><li>And how Dinsmore’s own research found that just <em>touching</em> $20 bills increased testosterone and reduced charitable giving</li></ul><p><br></p><p>This episode is a replay.</p><p><br></p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>In this Ask Farnoosh episode, Farnoosh kicks things off with a personal story tied to her recent <a href="https://www.today.com/video/expert-tips-to-help-couples-get-on-the-same-page-about-money-244699717750" rel="noopener noreferrer" target="_blank"><em>TODAY Show</em> appearance</a>, where she talked about “finance-proofing” your relationship. Reflecting on her own early money talks with husband Tim (over margaritas at their favorite tequila bar), she lays out the keys to financial transparency in couples — from shared goals to individual autonomy.</p><br><p>Next, Farnoosh unpacks several top money headlines:</p><p><br></p><ul><li><strong>Tariff Rebate Checks?</strong> A proposed bill would send $600 checks to Americans, redistributing billions in collected tariff revenue. Supporters call it a timely relief, while critics question whether it's a sustainable solution.</li><li><strong>Housing Market Reset</strong>: As pandemic-era price surges deflate in places like Austin, buyers may finally have leverage — but high mortgage rates remain a hurdle.</li><li><strong>AI and the Return of In-Person Job Interviews</strong>: Companies like Google are bringing back face-to-face interviews to combat AI cheating in virtual screenings.</li><li><strong>The Tooth Fairy’s Budget Cuts</strong>: Delta Dental reports a 14% drop in the average payout for lost teeth — a sign of tighter household budgets.</li></ul><p><br></p><p>In the <strong>mailbag</strong>, Farnoosh answers three timely listener questions:</p><ol><li><strong>How to Prep for a Recession and a Weak Dollar</strong>: Farnoosh recommends beefing up emergency savings, diversifying investments, considering inflation hedges like TIPS or gold, and reducing high-interest debt. Flexibility is key.</li><li><strong>Juggling a Mortgage and Child Care Costs</strong>: She reframes child care as a career investment, suggests alternatives like nanny shares or Dependent Care FSAs, and advises delaying large home upgrades until expenses ease.</li><li><strong>Will My Teen’s Job Hurt Financial Aid?</strong>: Unlikely, says Farnoosh. The FAFSA allows students to earn about $7,600 before aid is impacted. Still, she warns that assets in a teen’s name can carry more weight than income.</li></ol><p><br></p><p>Farnoosh closes with a reminder that <a href="http://www.farnooshbts.com" rel="noopener noreferrer" target="_blank"><strong>applications for her mentorship program</strong></a> close this Sunday — an opportunity for listeners looking to build a sustainable, personal brand.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>We are diving deep into wealth, class, and privilege with <a href="https://www.amazon.com/Have-More-Sanibel/dp/196179540X/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=&sr=" rel="noopener noreferrer" target="_blank">Sanibel</a>, author of the novel <a href="https://www.amazon.com/Have-More-Sanibel/dp/196179540X" rel="noopener noreferrer" target="_blank"><em>To Have and Have More</em></a> and an expert on the subtle—and not-so-subtle—ways the ultra-wealthy wield their status. If you’ve ever been curious about the behaviors and dynamics that go beyond “quiet luxury” or the “nepo baby” conversation, you’ll enjoy this conversation. </p><br><p>Sanibel breaks down concepts like stealth privilege, coattail riders, and what she calls the rich person’s “cheat code.” We’ll also unpack the history of our cultural obsession with wealth in the U.S., why some believe wealth is a poison to our culture and explore why being “too rich” might just make you less empathetic.</p><br><p>More about Sanibel: She is a writer based in NYC. She grew up in Princeton, NJ and studied Classics at the University of Pennsylvania before getting her MFA at The New School. Her essays appear in New York, Air Mail, ELLE, and Lit Hub. You can follow Sanibel on <a href="https://www.tiktok.com/@sanibel.ink" rel="noopener noreferrer" target="_blank">TikTok</a> and <a href="https://www.instagram.com/sanibel.ink/" rel="noopener noreferrer" target="_blank">Instagram</a>.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

Ever feel like your mistakes are holding you back? My guest today says they might just be your greatest asset. Kim Perrell is a wildly successful entrepreneur, angel investor, and now author of <a href="https://www.amazon.com/Mistakes-that-Made-Millionaire-Extraordinary/dp/1637747128" rel="noopener noreferrer" target="_blank"><em>Mistakes That Made Me a Millionaire</em>.</a> In this candid conversation, Kim pulls back the curtain on the failures, missteps, and humbling moments that paved the way to her $235 million company sale — and how you can turn your own stumbles into stepping stones. We talk about why job security is a myth, the “70% rule” that helped her overcome perfectionism, how to stop self-rejecting, and why business is always personal. <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>This week's questions: What are the rules and costs for moving money from a brokerage account into a Roth IRA? Any risks to having a single bank that houses all your accounts? And how to find a good accountant?</p><br><p><strong>Additional Episode Take-aways:</strong></p><ul><li>Why millennials are financially ahead <em>on paper</em> but still feel behind emotionally</li><li>How to harness AI for smarter, more intentional spending</li><li>The hidden costs of return policy abuse—and how it could impact your favorite retailers</li><li>The real danger behind “feminine energy” dating advice</li><li>Practical ways to protect yourself financially in relationships</li><li>Why playful money trends like “Girl Math” aren’t as harmless as they seem</li></ul><p><br></p><p><strong>Links & Episodes Referenced: </strong></p><ul><li><a href="https://podcasts.apple.com/us/podcast/so-money-with-farnoosh-torabi/id955939085?i=1000719528102" rel="noopener noreferrer" target="_blank">Priya Malani, Founder of Stash Wealth</a></li><li><a href="http://www.SoMoneyLinks.com " rel="noopener noreferrer" target="_blank">SoMoneyLinks.com </a>– My curated tools for saving, investing, and earning more</li><li>Apply to <a href="http://www.farnooshbts.com" rel="noopener noreferrer" target="_blank">Farnoosh BTS</a> – My fall mentorship program for entrepreneurs and content creators\</li><li>Want to ask a question for an upcoming show? Head to <a href="http://www.SoMoneyPodcast.com" rel="noopener noreferrer" target="_blank">SoMoneyPodcast.com</a> or DM me @<a href="http://www.instagram.com/farnooshtorabi" rel="noopener noreferrer" target="_blank">FarnooshTorabi</a> on Instagram!</li></ul> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>Today we’re talking about “girl math”, but not in the way TikTok wants you to. </p><br><p>My guest is Meg Wheeler, CPA, financial educator, founder of the <a href="https://ede65be1.streaklinks.com/Cgq2ER9XVxLFf9BCvwP3YotU/https%3A%2F%2Fequitablemoneyproject.com" rel="noopener noreferrer" target="_blank">Equitable Money Project</a>, and all-around champion for financial equity. We unpack the viral "girl math" trend and why it may seem harmless but actually reinforces some pretty dangerous stereotypes about women and money. Meg and I both agree: women are not bad at math—and this kind of messaging does more harm than good.</p><br><p>But we don’t stop there. We also dig into what it really takes to build wealth when you don’t come from generational wealth, how financial knowledge—not money—is often the most valuable asset, and why staying politically engaged is a financial strategy. Meg also talks about her popular Substack <em>Call Your Representatives</em>, and we close out with a little joy: what she's happily spending her money on this summer. </p><br><p><br></p><p>Links + Resources Mentioned:</p><ul><li>Meg's Free Guide: <a href="https://equitablemoneyproject.com/somoney" rel="noopener noreferrer" target="_blank">equitablemoneyproject.com/somoney</a></li><li><a href="http://www.SoMoneyLinks.com" rel="noopener noreferrer" target="_blank">SoMoneyLinks.com</a> – My curated tools for saving, investing, and earning more</li><li>Apply to <a href="http://www.farnooshbts.com" rel="noopener noreferrer" target="_blank">Farnoosh BTS</a> – My fall mentorship program for entrepreneurs and content creators</li><li>Want to ask a question for an upcoming show? Head to <a href="http://www.SoMoneyPodcast.com " rel="noopener noreferrer" target="_blank">SoMoneyPodcast.com </a>or DM me @<a href="http://www.instagram.com/FarnooshTorabi" rel="noopener noreferrer" target="_blank">FarnooshTorabi</a> on Instagram!</li></ul> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>From understanding if your 401(k) contributions help you qualify for a Roth IRA (spoiler: yes!), to figuring out why your home insurance just skyrocketed, to finding sneaky ways to save on that end-of-summer family vacation — we’ve got it covered on this week's Ask Farnoosh.</p><br><p>Plus, a personal story about how a casual chat with a friend helped Farnoosh raise her speaking fees and start earning more.</p><br><p>We’ll also unpack a few of the biggest money headlines from the week, including:</p><p><br></p><ul><li>What the Fed’s latest decision <em>really</em> means for your wallet</li><li>A rare bipartisan housing bill with real promise</li><li>And a study that shows how preschool could boost your <em>salary</em>, not just your kid’s future</li></ul><p><br></p><h3>Questions Answered:</h3><ul><li>“How do I ask for a sign-on bonus without sounding greedy?”</li><li>“Do 401(k) contributions help me qualify for a Roth IRA?”</li><li>“How can I save on a last-minute family vacation?”</li><li>“Why did my homeowners insurance premium jump 30% this year?”</li></ul><h3><br></h3><h3>Links + Resources Mentioned:</h3><ul><li><a href="https://somoneylinks.com/" rel="noopener noreferrer" target="_blank">SoMoneyLinks.com</a> – My curated tools for saving, investing, and earning more</li><li>Apply to <a href="http://www.farnooshbts.com/" rel="noopener noreferrer" target="_blank">Farnoosh BTS </a>– My fall mentorship program for entrepreneurs and content creators</li><li>Want to ask a question for an upcoming show? Head to <a href="https://somoneypodcast.com/" rel="noopener noreferrer" target="_blank">SoMoneyPodcast.com</a> or DM me @FarnooshTorabi on Instagram!</li></ul><p><br></p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>What would happen to your bank account, your home, your small business—if you were suddenly detained or deported? Today we're talking about a growing and urgent financial concern: how to protect your assets amid immigration raids and deportation worries.</p><br><p>My guest is personal finance legend and <a href="https://www.cnbc.com/sharon-epperson/" rel="noopener noreferrer" target="_blank">CNBC Senior Personal Finance Correspondent Sharon Epperson</a>, who recently reported on the financial steps immigrants—documented or undocumented—can take to prepare for the unexpected. From designating a power of attorney to understanding the legal implications of asset ownership abroad, Sharon walks us through practical strategies to safeguard your financial life in turbulent times.</p><br><p>We also discuss the emotional toll of financial uncertainty, the ripple effects on families, and why proactive planning is a form of empowerment. Sharon opens up about her own health crisis that forced her family to activate emergency plans—offering a powerful reminder of why preparing for the worst can make all the difference.</p><br><p>References:</p><br><p>Read Sharon's <a href="https://www.cnbc.com/2025/06/16/how-to-protect-financial-assets-amid-immigration-raids-deportations.html" rel="noopener noreferrer" target="_blank">article on CNBC.</a></p><p>Join her 8-week <a href="https://www.cnbc.com/lander?id=money101-newsletter" rel="noopener noreferrer" target="_blank">Money 101 series.</a></p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>Visit <a href="http://www.stashwealth.com/somoney" rel="noopener noreferrer" target="_blank">stashwealth.com/somoney</a> for a secret stash of financial goodies.</p><br><p>On today's episode: Where do you stand on budgeting? Hate it? Feel defeated by it? You’re not alone—and you’re going to love today’s episode.</p><p>We’re joined by Priya Malani, the dynamic founder of <a href="https://www.stashwealth.com/somoney" rel="noopener noreferrer" target="_blank">Stash Wealth</a> and host of the new podcast <a href="https://podcasts.apple.com/us/podcast/the-f-word/id1793136198" rel="noopener noreferrer" target="_blank"><em>The F. Word</em>,</a> who’s making personal finance simpler, smarter, and honestly, more livable—especially for high earners in their 30s who feel like they’re still behind.</p><br><p>In this conversation, we dive into:</p><ul><li>Why budgeting is broken and how to reverse it with one powerful number</li><li>The myth of homeownership as the best investment</li><li>How to avoid the trap of lifestyle inflation—even on a six-figure salary</li><li>And why investing isn’t hard, but the emotional baggage around money absolutely is</li></ul><p><br></p><p>We also explore the emotional side of financial planning—where therapy meets strategy—and the mindset shifts Priya helps her clients make to stop living paycheck to paycheck and start building real wealth.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>This week Georgia Lee Hussey of Modernist Financial joins to break down the challenges and solutions for affording elder care, especially as it may fall on adult children to pay for their parents' expenses. Read more about this topic in <a href="1857 - Ask Farnoosh.mp3" rel="noopener noreferrer" target="_blank">The New York Times.</a></p><br><p>Join <a href="https://farnooshbts.com/" rel="noopener noreferrer" target="_blank">FarnooshBTS.com</a></p><p>Find a HYSA at <a href="https://somoneylinks.com/" rel="noopener noreferrer" target="_blank">SoMoneyLinks.com</a></p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p><strong>Where do you think you are on the wealth ladder?</strong> Just starting out and struggling to save? Sitting on six figures and wondering what’s next? Or maybe you’ve hit a financial milestone—but it doesn’t feel as life-changing as you expected.</p><br><p>Today’s episode is all about understanding what changes—and what <em>should</em> change—as you move up the financial ladder.</p><br><p>My guest is Nick Maggiulli, author of <a href="https://www.amazon.com/Wealth-Ladder-Proven-Strategies-Financial/dp/0593854039" rel="noopener noreferrer" target="_blank"><em>The Wealth Ladder</em></a>, a new book that introduces a six-level framework for wealth building and financial strategy. We dive into the key questions we all face on the journey to financial independence:</p><p><br></p><ul><li>How do you break out of Level 1 when you’re living paycheck to paycheck?</li><li>Is a side hustle actually worth your time—or just another distraction?</li><li>And how should your mindset and money strategy evolve as your net worth grows?</li></ul><p><br></p><p>Plus, we explore his 0.01% spending rule and 1% earning rule—two powerful benchmarks to help you spend smarter and pursue income opportunities that truly move the needle.</p><br><p>More about Nick: He is the Chief Operating Officer and a data scientist at Ritholtz Wealth Management. He's also the author of the blog <a href="https://ofdollarsanddata.com/" rel="noopener noreferrer" target="_blank"><em>Of Dollars and Data</em></a> and the books <em>Just Keep Buying</em> and <em>The Wealth Ladder</em>.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>Ww’re pulling back the curtain on one of the most powerful — and least understood — forces shaping our economy: <strong>private equity</strong>.</p><br><p>My guest is <strong>Megan Greenwell</strong>, a veteran journalist and former editor-in-chief of <em>Deadspin</em>, whose new book, <a href="https://www.amazon.com/Bad-Company-American-Devastating-Communities/dp/0063299356" rel="noopener noreferrer" target="_blank"><em>Bad Company: Private Equity and the Death of the American Dream</em></a>, is both a searing exposé and a deeply human investigation. Through vivid storytelling and meticulous reporting, Megan shows how private equity firms, often operating in the shadows — have quietly reshaped entire industries: health care, housing, local news, retail, daycare, even emergency services.</p><br><p>At the heart of <em>Bad Company</em> are four Americans — Liz, Roger, Natalia, and Loren — whose lives were upended by private equity–backed takeovers of the institutions they depended on. Their stories reveal how a business model designed to extract maximum profits for investors has left devastation in its wake for working families and entire communities.</p><br><p>This is a conversation about capitalism, inequality, and the hollowing out of the American Dream. But it’s also about resilience, and the people fighting back.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>Apply for Farnoosh's 4-month mentorship program at <a href="http://www.FarnooshBTS.com" rel="noopener noreferrer" target="_blank">FarnooshBTS.com</a></p><p>How much do you need in net worth to feel wealthy? This week's Ask Farnoosh covers recent money headlines about wealth. student loans and social security. And audience questions related to windfalls, investing and debt management. </p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>Today’s episode is a powerful conversation about legacy, love, and how technology is reshaping the way we protect our wealth and our families.</p><br><p>My guest is <a href="https://getprismm.com/team" rel="noopener noreferrer" target="_blank"><strong>Martha Underwood</strong></a>, a 25-year tech veteran and the founder and CEO of <a href="https://getprismm.com/" rel="noopener noreferrer" target="_blank"><strong>Prismm</strong></a>, a digital vault platform that helps families and financial institutions securely manage documents, streamline inheritance transfers, and reduce the chaos that often comes with crisis. Prism was born out of Martha’s own family emergency—when her father was injured during Hurricane Irma and no one could locate the documents needed to access care or funds.</p><br><p>Since then, she’s made it her mission to protect consumers—especially women—from being left out or left behind when it matters most.</p><br><p>In our conversation, we talk about the <em>rise of AI bias</em> and what it means for your money, the <em>real risks of becoming unbanked</em>, and how your data—yes, even your browsing history—can be used to make financial decisions about you without your knowledge or consent. Martha also shares smart, practical advice for how to start important legacy conversations with your aging parents, and why women must play a leading role in shaping the future of financial technology.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>Today’s guest is no stranger to reinvention—or to messiness.</p><br><p><a href="https://www.maryambnyc.com/maryam-banikarim-bio" rel="noopener noreferrer" target="_blank">Maryam Banikarim</a> is a powerhouse C-suite executive turned podcast host whose résumé reads like a tour through media, hospitality, tech, and purpose-driven leadership. She’s served as Global CMO at companies like Hyatt, Gannett, and Nextdoor. But in her latest chapter, Maryam is pulling back the curtain on the glossy LinkedIn life and telling the truth, the messy, nonlinear, sometimes gut-wrenching truth, about what it really takes to build a career, a family, and a sense of self.</p><br><p>Her new podcast, <a href="https://www.themessypartspodcast.com/" rel="noopener noreferrer" target="_blank"><em>The Messy Parts</em>,</a> is a must-listen for anyone navigating personal and professional pivots. It’s raw, wise, and often hilarious, featuring guests like SNL alum Ana Gasteyer, Broadway composer Tom Kitt, and billion-dollar founders Cass and Mike Lazerow.</p><br><p>In our conversation, Maryam and I talk about everything from career burnout to billion-dollar regret, the emotional toll of job loss, the value of taking a pause, and why being honest about your struggles is the key to building true community. She also shares why she believes now is the <em>exact</em> right time to have these conversations—and why you don’t have to be “perfect” to be successful.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

This week: Topics covered include the financial implications of divorce, starting an investment account for children, addressing a toxic workplace, and planning for a new business venture. Farnoosh also discusses a concerning trend on TikTok about 'stay at home girlfriends' and provides practical advice on managing personal finances and investments effectively. Additional discussions include tips for college students to gain an edge in their fields and the decision-making process behind forming a business entity. <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>Today’s guest has long been a trusted voice in the world of smart shopping and consumer advice, and now she’s turning her attention—and resources—to a new mission: empowering midlife entrepreneurs. <a href="https://truetrae.com" rel="noopener noreferrer" target="_blank">Trae Bodge </a>is a journalist, television commentator, and consumer expert who’s helped millions save at the checkout. However, after the passing of her mother in 2023, Trae felt compelled to do something more profound and personal.</p><br><p>In this episode, we discuss her newest venture, the <a href="http://www.threadneedlealley.org" rel="noopener noreferrer" target="_blank">Threadneedle Alley Foundation</a>, a nonprofit she recently launched to provide $5,000 grants and mentorship to midlife entrepreneurs facing financial hardship. The organization is named after the street where her mother ran a beloved small business for decades, and this work is Trae’s way of honoring that legacy while addressing a gap she’s long observed in her professional life: great small business ideas without the resources or support to thrive.</p><br><p>We explore why midlife is often the <em>perfect</em> time to launch a business, the biggest misconceptions around starting over at 40 or 50, and how we can all think more creatively and fearlessly about what’s next. Trae also shares some <a href="https://truetrae.com/amazon-prime-day/" rel="noopener noreferrer" target="_blank">Prime Day shopping tips</a> and how to make sure you’re not getting duped by false “deals.”</p><br><p>Whether you’re dreaming up your second act or just trying to save a little money this week, there’s something for you in this conversation.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>Dr. Daniel Crosby is a psychologist, behavioral finance expert, and New York Times bestselling author. His works, <em>The Laws of Wealth</em> and <em>The Behavioral Investor</em> have transformed how we think about investing by shedding light on the emotional and cognitive biases that often shape our financial behavior. He also serves as Chief Behavioral Officer at <a href="https://orion.com/thought-leader/daniel-crosby" rel="noopener noreferrer" target="_blank">Orion Advisor Solutions</a>, guiding advisors in helping clients align their investments with what matters to them.</p><br><p>Today, Daniel is here to discuss his latest book, <a href="https://www.amazon.com/Soul-Wealth-reflections-money-meaning/dp/1804090441" rel="noopener noreferrer" target="_blank"><em>The Soul of Wealth: 50 Reflections on Money and Meaning</em>.</a> This book challenges the conventional approach to wealth by diving into its emotional dimensions. It explores how financial well-being is not just about accumulation but also about aligning money with personal values and meaning. Daniel encourages us to reflect deeply on what it means to live a wealthy life—not just financially but emotionally and spiritually.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>It’s July 4th—a day for fireworks and freedom—but this year, we’re confronting a very different kind of spark. In this special holiday episode, Farnoosh breaks down the controversial “Big Beautiful Bill,” passed by the House. The sweeping legislation includes massive tax cuts for the wealthy and deep spending cuts to public services like health care and education. Farnoosh explains who stands to gain—and who could lose access to critical benefits, from Medicaid to special education funding.</p><br><p>Then, it’s time for the mailbag! Farnoosh answers your money questions, including:</p><p><br></p><ul><li>With markets at record highs and a rate cut on the horizon, where should you put your money? (Hint: It depends on your timeline—rainy-day fund, short-term goals, or retirement.)</li><li>How to tackle credit cards with high balances, even in a rising interest rate environment.</li><li>What are medical billing advocates—and how can they help you lower your health care bills?</li></ul><p><br></p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

Brad Barrett, the co-founder of <a href="https://www.choosefi.com/" rel="noopener noreferrer" target="_blank">ChooseFI</a>, joins us to share his latest financial perspectives and views on FIRE (Financial Independence Retire Early) and some small ways to cut thousands of dollars per year from your budget. <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>In our financial lives, setting goals isn’t just about having aspirations; it’s about understanding how to build sustainable, achievable plans that propel us toward success. Guest Caroline Adams Miller has spent over 30 years pioneering the science behind how we set goals, stay resilient, and achieve meaningful success. Her newest book, <a href="https://www.amazon.com/Big-Goals-Science-Achieving-Creating/dp/1394273312/ref=sr_1_1?dib=eyJ2IjoiMSJ9.LnpC_dvYAYEcpMgMcJO3616eJEdxC20-Fh29vFdnsjHGjHj071QN20LucGBJIEps.CfOp9GOYBF5fRd5OACCe5yQ-Sbqi5Ovc51q04OX13tk&dib_tag=se&hvadid=701894969189&hvdev=c&hvlocphy=9003498&hvnetw=g&hvqmt=e&hvrand=7388776731949665289&hvtargid=kwd-2313514233251&hydadcr=22592_13531287&keywords=big+goals+caroline+adams+miller&qid=1730923204&sr=8-1" rel="noopener noreferrer" target="_blank"><em>Big Goals</em>,</a> is changing the conversation around achieving personal and professional ambitions.</p><p><br></p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>This week’s Ask Farnoosh mailbag includes timeless questions with a fresh twist:</p><p>-What should you do after paying off your mortgage?</p><p>-How to handle running out of tuition money when your child is in their third year of college.</p><p>-Is it worth opening a second retirement account beyond your 401(k)?</p><p>-And what’s the real difference between a Roth IRA and a Roth 401(k)?</p><p><br></p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>We’re taking you inside the <em>So Money Members Club</em> for an exclusive workshop Farnoosh hosted recently on one of the most urgent financial topics for families: saving for higher education, with a deep dive into the world of 529 college savings plans. This workshop features Patricia Roberts, a leading expert and author on the topic, who brings both professional and personal insight to the conversation. Patricia is the author of the newly updated <a href="https://www.amazon.com/Route-529-Parents-College-Training/dp/1735750603" rel="noopener noreferrer" target="_blank">Route 529.</a></p><br><p>What you’re about to hear is the full workshop presentation—but what you <em>won’t</em> hear is the rich Q&A we had at the end, just for members. That’s one of the many perks of joining the So Money Members Club—a private, tight-knit community curated and run entirely by me. Not an assistant, not a bot—just me, guiding you through live monthly workshops, office hours, and deeper discussions around money, work, and life.</p><br><p>Membership also includes full access to our growing library of workshop recordings and commercial-free episodes of this podcast.</p><br><p>If that sounds like something you’d love, visit <a href="http://www.somoneymembers.com/" rel="noopener noreferrer" target="_blank"><strong>SoMoneyMembers.com</strong></a> to learn more and join us.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>Today we’re catching up with the incredible Jannese Torres, host of Yo Quiero Dinero podcast and trust me—she’s had a year. Since her last visit, she’s launched her book Financially Lit, traveled the country on a book tour while secretly pregnant, became a mom, got engaged, and even bought a house.</p><br><p>But that’s just the beginning. In this conversation, we dive into how financial independence has reshaped her life as a new parent, her approach to building wealth while growing a family, and—something we don’t talk about nearly enough—how she and her fiancé have structured their finances now that he’s a stay-at-home parent on her payroll.</p><br><p>From prenups to parenthood, from self-employment hacks to the real cost of giving birth (wait until you hear her hospital bill), Jannese gets real about the financial and emotional shifts that come with these big life changes.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

In this Ask Farnoosh episode, Farnoosh shares a personal reflection on the growing conflict between Iran and Israel, plus a roundup of headlines you need to know: the S&P 500 hits a record high, credit card APRs climb despite the Fed holding rates steady, and parents are spending more than ever on youth sports. Farnoosh also answers listener questions about negotiating a counteroffer, borrowing from a 401(k), selecting a balance transfer card, and building a beginner’s financial plan. Plus: a Costco gold bar sighting and why investing should never be impulse-driven. <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p><strong>ADHD and money.</strong> It’s a combination that’s often misunderstood—and rarely addressed with the nuance and compassion it deserves. For those living with ADHD, traditional financial advice like “just follow a budget” or “build good habits” can feel like a mismatch, leaving many feeling overwhelmed, frustrated, or even ashamed.</p><br><p>Joining us today is <a href="https://www.instagram.com/arise.financial.coaching/?hl=en" rel="noopener noreferrer" target="_blank"><strong>Nicole Stanley</strong></a>, founder of Arise Financial Coaching and a money coach who was diagnosed with ADHD as an adult. That diagnosis reshaped her understanding of not only herself, but how she managed her money—and how she now helps others do the same.</p><br><p>In this deeply personal and practical conversation, Nicole shares how her ADHD shaped her early money behaviors, why typical budgeting tools never worked for her, and how she built systems rooted in self-compassion, automation, and yes—dopamine.</p><br><p>Whether you’ve been diagnosed with ADHD, suspect it, or simply feel like the standard personal finance advice doesn’t “stick,” this episode offers a roadmap to creating a financial life that feels not just doable—but motivating and empowering.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

Today’s guest is Barry Ritholtz, co-founder and chief investment officer of <a href="https://www.ritholtzwealth.com/team/barry-ritholtz" rel="noopener noreferrer" target="_blank">Ritholtz Wealth Management,</a> host of the long-running <em>Masters in Business</em> podcast, and the author of the classic <em>Bailout Nation</em>. His new book, <a href="https://www.hownottoinvestbook.com/" rel="noopener noreferrer" target="_blank"><em>How Not to Invest: The Ideas, Numbers, and Behaviors That Destroy Wealth</em>,</a> is a sharp, timely guide to what really derails investors — and how to avoid those traps. <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>On this week’s <em>Ask Farnoosh</em>, we tackle a fresh round of your money questions, including:</p><p><br></p><ul><li>Is whole life insurance ever worth it?</li><li>What are the smartest (and most affordable) ways to invest in your health?</li><li>How to job-hunt effectively with a PhD in hand and limited prospects.</li></ul><p><br></p><p>But first, Farnoosh recaps top stories in money news, from Trump’s push to include crypto in 401(k)s, to the surprising rise in early Social Security claims, the falling dollar, and a rare bright spot: more Americans are finally hitting their retirement savings goals.</p><br><p>Join the <a href="http://www.somoneymembers.com" rel="noopener noreferrer" target="_blank">So Money Members Club.</a></p><p>Download Farnoosh’s <a href="http://www.farnoosh.tv/blueprint" rel="noopener noreferrer" target="_blank">free investing blueprint.</a></p><p>Hang out with Farnoosh on <a href="http://www.instagram.com/farnooshtorabi" rel="noopener noreferrer" target="_blank">Instagram</a>.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>Our guest needs little introduction if you’ve spent any time in the world of online entrepreneurship. <a href="https://patflynn.com/" rel="noopener noreferrer" target="_blank">Pat Flynn</a> is one of the most respected thought leaders in digital business and passive income. He’s the creator of Smart Passive Income, host of multiple top-ranked podcasts, a sought-after speaker, and the author of several bestselling books including <em>Will It Fly?</em> and <em>Superfans</em>.</p><br><p>Now, Pat is back with a timely and much-needed new book: <a href="https://www.amazon.com/Lean-Learning-Achieve-More-Less/dp/166802764X?adgrpid=185328955904&hvpone=&hvptwo=&hvadid=748008426930&hvpos=&hvnetw=g&hvrand=3552028497046042324&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9003498&hvtargid=dsa-1595363597442&hydadcr=&mcid=&hvocijid=3552028497046042324--&hvexpln=67&tag=googhydr-20&hvsb=Media_d&hvcampaign=dsadesk" rel="noopener noreferrer" target="_blank"><em>Lean Learning: How to Achieve More by Learning Less</em></a>. In an age when we’re drowning in information and pulled in a dozen directions by the algorithm, <em>Lean Learning</em> is a practical framework for mastering new skills efficiently—without burning out or going broke in the process.</p><br><p>In our conversation, Pat and I talk about:</p><p><br></p><ul><li>The danger of “overlearning” and why too much information can backfire</li><li>The difference between "just-in-case" learning and "just-in-time" learning</li><li>His 1-1-1 method for launching a business with zero overwhelm</li><li>The “Inspiration Matrix” and how it helps prioritize your ideas</li><li>Leaning into AI as a tool for creativity—not a crutch</li><li>Why he teaches his kids executive function and communication over GPAs</li><li>The 20% Itch Rule—and how it led to multimillion-dollar projects like the SwitchPod</li></ul><p><br></p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>What does it mean to be well-mannered with your money?</p><br><p>Today, we’re getting a masterclass in modern etiquette from Daniel Post Senning, the great-great-grandson of Emily Post and co-president of the Emily Post Institute. Daniel joins us to talk about the sticky situations we all face—splitting the bill, tipping in the era of digital checkout screens, handling salary conversations with friends, and navigating the financial asks that come with weddings, parties, and work culture.</p><br><p>With AI reshaping our communication, remote work blurring social lines, and generational traditions clashing with modern norms, it’s never been harder—or more important—to be mindful of how we show up for each other. </p><br><p>For more information, check out The <a href="https://www.instagram.com/emilypostinstitute/?hl=en" rel="noopener noreferrer" target="_blank">Emily Post Institute</a>, the podcast <a href="https://podcasts.apple.com/us/podcast/awesome-etiquette/id1191011680" rel="noopener noreferrer" target="_blank">Awesome Etiquette</a>, and the book <a href="https://www.penguinrandomhouse.com/books/761852/emily-posts-business-etiquette-by-lizzie-post-and-daniel-post-senning/" rel="noopener noreferrer" target="_blank"><em>Emily Post’s Business Etiquette</em></a>.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>In this week’s <em>Ask Farnoosh</em>, we’re diving into your money questions and breaking down the big headlines.</p><br><p>First up: What the Trump-backed budget bill could mean for your wallet. Farnoosh unpacks the Congressional Budget Office’s $2.4 trillion deficit projection and explains how the proposed tax cuts and spending reductions may impact interest rates, government programs, and your future taxes.</p><br><p>Then, in the mailbag:</p><p><br></p><ul><li>Is the FIRE (Financial Independence, Retire Early) movement right for you? Farnoosh shares her personal take and how she’s pursued financial freedom—without traditional retirement.</li><li>How to create a gift-giving strategy that feels generous and sustainable, plus tips for teaching kids to be kind <em>and</em> money-wise.</li><li>And: Adding bonds to your investment portfolio—why they matter, how to buy them, and how to hold them in your retirement account.</li></ul><p><br></p><p>For further reading on the Republican Budget Bill,<a href="https://www.npr.org/2025/06/04/g-s1-70435/cbo-trump-republican-bill-deficit" rel="noopener noreferrer" target="_blank"> check out NPR's coverage.</a></p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

<p>Today we're exploring how financial literacy changed a person's life. Our guest is Elizabeth Cronise McLaughlin — former Wall Street lawyer, leadership consultant, single mom, and founder of <a href="https://gaialeadershipproject.com/" rel="noopener noreferrer" target="_blank">The Gaia Leadership Project.</a> From the outside, her life looked picture-perfect: elite career, national media appearances, a thriving business. But behind the scenes, Elizabeth was battling deep financial insecurity, credit card debt, and the emotional weight of divorce and single motherhood — all while running a nearly 7-figure company.</p><br><p>In this deeply personal and powerful conversation, Elizabeth opens up about hitting financial rock bottom during the pandemic and the mindset shift that pulled her out. She shares how investing in financial education helped her pay off $50,000 in debt in six months, build emergency savings, and teach her children what she was never taught: how to talk about — and take control of — their money.</p><br><p>To learn more about <a href="https://bookwithbudgetdog.com/now?ref=web" rel="noopener noreferrer" target="_blank">BudgetDog</a>, click here and say you were referred by Elizabeth!</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>