So Money with Farnoosh Torabi

<p>I’m thrilled to welcome <strong>Maha Abouelenein,</strong> a communication, entrepreneurship, and self-advocacy powerhouse. With decades of experience at the forefront of global tech revolutions, Maha has been a trailblazer in mobile telecommunications across the Middle East and Africa, a thought leader on Web3 and AI, and a pioneer of modern public relations in regions where the field didn’t even exist.</p><br><p>Her new book, <a href="https://www.amazon.com/Rules-Self-Reliance-Moving-Invest-Yourself/dp/1401978665/ref=sr_1_1?dib=eyJ2IjoiMSJ9.3UzPcacrhrk3p5myRe4oPGuWEE3cZtOgaBEy_iwU-6Xx-AytZb0eHCgg-jvLWO_CsbOC87ZZ70dbr2iSRGekFERs_2HZ93GKm3S0MVLvE_-GhMKPWO9UlkOk0K4PE-7B4W6kWiu1kWPGIK_fOGswX2id8JaQLjcbvOBJppNLBzhXabci4wnsHqneFyPdzy56xTg3AE7tLvhQbszXHHkR7P4sfBCXxBlbnWUtzY4BnsE.yuoJd0TvqigjjlFy1Z8xkUcKaw2seI-CTt5DAEiEk38&dib_tag=se&hvadid=694380073375&hvdev=c&hvlocphy=9003498&hvnetw=g&hvqmt=e&hvrand=15566283699818521125&hvtargid=kwd-2280706269310&hydadcr=20367_13322241&keywords=7+rules+of+self+reliance&qid=1728994285&sr=8-1" rel="noopener noreferrer" target="_blank"><em>The 7 Rules of Self-Reliance</em></a>, carries a powerful and urgent message: <strong>“Nobody’s coming to save you.”</strong> In our conversation, Maha shares why self-advocacy, especially for women, is more essential now than ever — both in the workplace and life. We dive into practical ways to protect and grow your most valuable asset, your <strong>reputation</strong>, and what it takes to reinvent yourself at any age. We also explore the role of personal resilience in a world facing systemic challenges and Maha’s unique insights into AI and blockchain.</p><br><p>Whether you're looking to pivot in your career, build influence, or take charge of your narrative, this conversation with Maha is packed with wisdom, inspiration, and actionable advice.</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>Download Farnoosh's <a href="http://www.farnoosh.tv/blueprint" rel="noopener noreferrer" target="_blank">Free Investing Blueprint </a>to learn how to begin investing for your future.</p><p>Today's show: Is there such a thing as investing "too" much? Can obtaining a home equity loan be helpful when purchasing a second home? How to find a great accountant, and more.</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>Julia Haart’s story is nothing short of extraordinary. Born into the ultra-Orthodox Jewish community, her life was defined by strict rules and limited freedoms. For years, she lived under the weight of these restrictions until, at 42, she made the courageous decision to break free. Since then, Julia has transformed her life and become a powerful force in both the fashion and business worlds.</p><br><p>As the founder and CEO of <a href="https://bodybyjuliahaart.com/?srsltid=AfmBOoqI7nzCRdn6EgizjbVt04gl-aex7g9ZMXKGClJ7ZJHn7yQtwiTM" rel="noopener noreferrer" target="_blank">+Body by Julia Haart</a>, she is on a mission to reimagine shapewear as comfortable, technologically advanced, confidence-building clothing designed to be seen. Julia is also widely recognized for her successful reality show on Netflix, <em>My Unorthodox Life</em>, which aired in over 190 countries and has inspired and educated millions of viewers worldwide. Additionally, she shares her journey of hardship and triumph in her bestselling book, BRAZEN, providing invaluable insights and lessons.</p><br><p>Today, we will explore Julia’s remarkable transformation, the tools and strategies she used to reclaim her life, and her wisdom for others seeking their path to freedom.</p><br><p>This episode originally aired on August 27, 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>In our final series installment, we discuss navigating your career and protecting your income when growing a family.</p><p>Guest Lauren Smith Brody is the CEO and founder of The Fifth Trimester, an initiative focused on advancing gender equality in the workforce through caregiver support. She offers research and insights into the benefits of being transparent about your family's needs at work, innovative ways to maximize your efficiency and productivity, and advocating for your rights. Download Farnoosh's free guide to<a href="http://www.sofi.com/family" rel="noopener noreferrer" target="_blank"> Family Financial Planning here.</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>Join Farnoosh's newsletter and receive a <a href="https://farnoosh.tv/blueprint/" rel="noopener noreferrer" target="_blank">free copy of her Investing Blueprint.</a></p><p>Download <a href="https://www.sofi.com/family/" rel="noopener noreferrer" target="_blank">Farnoosh's Family Financial Planning Guide.</a></p><p>Today's show: Navigating the 98 billion dollar baby industry. Guest Nicole Stanley, founder of Denver-based financial caching practice <a href="https://www.arise.financial/about" rel="noopener noreferrer" target="_blank">Arise Financial</a>, gives tips on how to create a budget that reflects your values and priorities, smart ways to factor in childcare costs, the importance of valuing your energy and time as much as your money, and how she managed the finances in her family to be able to afford ambitious goals like traveling through Europe.<strong> </strong></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>

A conversation with board-certified pediatrician and founder of PedsDocTalk, <a href="https://pedsdoctalk.com/" rel="noopener noreferrer" target="_blank">Dr. Mona Amin</a>, on ways families can save on health care, doctor visits, and medical treatments, and smart ways to enlist financial guidance from our health care professionals. <a href="http://www.sofi.com/family" rel="noopener noreferrer" target="_blank">Download the free guide to Family Financial Planning 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>Today, we kick off a series of episodes on how to afford kids in America. Today's episode is a conversation with Brian Walsh, a certified financial professional and the Head of Advice & Planning at SoFi. We discuss practical and manageable ways to save and pay off debt to afford the costs of parenthood. </p><p><a href="http://www.sofi.com/family" rel="noopener noreferrer" target="_blank">Click here to download Farnoosh's free guide, which was created in partnership with SoFi.</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>This week on So Money: Creating a financial plan (for beginners), borrowing from your 401(k), selecting a balance transfer card and more.</p><p>Download <a href="https://www.sofi.com/family-eguide/" rel="noopener noreferrer" target="_blank">Farnoosh's FREE Financial Family Planning Guide here.</a></p><p>Check out the new <a href="http://www.farnoosh.tv" rel="noopener noreferrer" target="_blank">Farnoosh website</a> and grab a free copy of her Investing Blueprint on the homepage.</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>

Scott Trench, CEO of <a href="http://www.BiggerPockets.com" rel="noopener noreferrer" target="_blank">BiggerPockets</a>, dives into the current real estate landscape—especially as interest rates come down. We explore how this shift impacts investors and what strategies can help you navigate today’s housing market. We also explore risks in the rental and Airbnb market. Plus, Scott shares the exciting news of BiggerPockets’ new partnership with The Chernin Group and what it means for their rapidly growing community of real estate enthusiasts. <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>As election season heats up, understanding the financial lives of our nation's leaders offers a fresh perspective on the intersection of wealth and power. Guest Megan Gorman, author of <a href="https://www.amazon.com/All-Presidents-Money-Governed-America/dp/B0D3628TH4/ref=sr_1_1?crid=QCMK6PI10APW&dib=eyJ2IjoiMSJ9.dozWaHpvN6w4dEQqSUsdWJekTeTgLeJ1Xx-5gqzNOsaMQeTcordZPLb9srhQIov9hoGe81s_qQUXBT2qlvqkbhbs2pGt8752NqTiHfueBLYOg_my8kGJ1_v5ld2f54CEekCQK53AsQ4HD9Wc6OuXru7Hkvn_BHJNEVQmbonzrzf911bR8AYL4AUjdJJRdvIfLyfcwcHz2YMK8o0EMkbIo_V3I4sBJnMlYy8uUu5xk1Q.gX2drGDqjct3kXfmG_8PTt5245ud-N9bP72ZSnJ5GMU&dib_tag=se&keywords=All+the+Presidents%27+Money&qid=1727061321&s=books&sprefix=all+the+presidents%27+money%2Cstripbooks%2C478&sr=1-1" rel="noopener noreferrer" target="_blank"><em>All the Presidents' Money</em></a>, explains how the financial decisions of U.S. presidents shaped their policies and legacies.</p><br><p>From Thomas Jefferson’s surprising debts to JFK’s complex wealth and the Clintons’ post-presidency financial journey, Megan shares fascinating insights that offer a deeper understanding of how personal finances influence leadership at the highest level, a blend of history and finance in unexpected ways.</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>

How does this week's interest rate cut impact our investments, debt and savings? Is it a bad idea to open a mortgage in your mid 40s and potentially carry the debt into retirement? Georgia Lee Hussey, financial advisor and founder of <a href="http://www.modernistfinancial.com" rel="noopener noreferrer" target="_blank">Modernist Financial </a>joins with advice and surprising insights. <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>A new study reveals that more people want to quit their jobs now than during the Great Resignation. Whether it’s to find better-paying work to address the rising cost of living, or simply to leave their company or industry and start fresh on a professional path they actually enjoy, the big question remains: Will they quit?</p><br><p>Our guest today is helping people overcome that hurdle.</p><br><p><a href="https://lessonsfromaquitter.com/about/" rel="noopener noreferrer" target="_blank">Goli Kalkhoran</a> is a Master-Certified Life Coach and former attorney who helps unfulfilled professionals create a career (and life) they truly enjoy. She’s the host of the <em>Lessons from a Quitter</em> podcast, where she de-stigmatizes quitting and offers resources and inspiration for individuals looking to pivot in their established careers.</p><br><p>In this episode, we discuss:</p><ul><li>Why our culture is so afraid of quitting</li><li>How to afford quitting — both financially and energetically</li><li>Goli’s own journey of quitting her law career and the many pivots that followed.</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>

Would you buy real estate with friends? Kristina Modares is the founder of <a href="http://openhouseeducation.com/" rel="noopener noreferrer" target="_blank">Open House Education</a>, a vibrant community dedicated to women who are passionate about innovative real estate strategies and collaborative ventures. We explore the unique practice of co-buying real estate with friends or family members, including Kristina's own experiences. She shares some of the major pitfalls—such as friendships potentially souring or financial disagreements arising—and emphasizes the need for detailed agreements to protect everyone involved. <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, listeners want to know: how to manage health care and 401(k) investing after a layoff, the best cadence for investing (weekly or lump sum?) and how can couples with income differences manage money equitably? </p><p>Learn more about the <a href="http://www.somoneymembers.com" rel="noopener noreferrer" target="_blank">So Money Members Club here.</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>We are diving deep into the world of 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 forthcoming novel To Have and Have More 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. 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>

Guest George Kinder is a renowned figure in the world of financial life planning, often referred to as the father of the life planning movement. His approach, which places individual freedom at the forefront, has inspired countless people to rethink their relationship with money. He joins to discuss his new book, <a href="https://www.amazon.com/Three-Domains-Freedom-Moment-Civilization/dp/1960044001" rel="noopener noreferrer" target="_blank"><em>The Three Domains of Freedom</em></a><em> </em>and ways we can create financial freedom during a time of unprecedented uncertainty and instability. <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>

NEW Ask Farnoosh episode. Questions regarding adding children to your business payroll, enrolling in a 529 plan when college is just a few years away (good idea?) and how to manage a 401(k) that's being discontinued at work? Join the <a href="http://www.somoneymembers.com" rel="noopener noreferrer" target="_blank">So Money Members Club.</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>How to secure a new job in a slower hiring market? Job openings dropped in July for the second consecutive month to an estimated 7.67 million. There are now nearly 1.1 jobs available for every person looking for one - the narrowest ratio in more than three years.</p><br><p>Guest <a href=" https://www.linkedin.com/in/catherinefisherlinkedin/" rel="noopener noreferrer" target="_blank">CATHERINE FISHER</a> is LinkedIn’s Career Expert and Vice President of Integrated Consumer Communications, with over 20 years of experience. In our conversation, Catherine will walk us thorugh how to effectively land your next job. How to leverage your netowrk porpoerly and use LinkedIn to identify new opportunities. We'll also explore how young professionals are becoming more disengaged at work in what’s being called "The Great Detachment," Also: why AI literacy is crucial, and how to balance it with essential people skills to thrive in an increasingly automated world. </p><br><p>More about Catherine: She leads LinkedIn's consumer communications strategy and shares career insights through platforms like TODAY, Good Morning America, and CBS Mornings. Catherine is also the creator of the popular LinkedIn newsletter <a href="https://www.linkedin.com/newsletters/career-companion-6994037905178398720/" rel="noopener noreferrer" target="_blank"><em>Career Companion.</em></a><em> </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>In conversation with <a href="https://www.allure.com/" rel="noopener noreferrer" target="_blank">Allure</a> Magazine Editor-in-Chief Jessica Cruel, who is not only a beauty expert, but is passionate about personal finance. She shares her adventures in homeownership and investing and offers listeners her top beauty buys at the drugstore.</p><br><p>More about Jessica Cruel: As the editor-in-chief of <em>Allure</em>, she leads the development of multi-platform editorial content for digital, social, and video platforms, including the Readers’ Choice Awards and Best of Beauty Awards franchises. Cruel joined <em>Allure</em> in 2019 before becoming EIC in 2021. That same year, Cruel spearheaded The Melanin Edit, a new <em>Allure</em> platform exploring all things relating to Black beauty and wellness. Before joining <em>Allure</em>, Jessica also held editorial roles at Refinery29, <em>SELF,</em> and <em>Popsugar</em>. <em>This episode originally aired on January 8, 2024.</em></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>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/farnoosh" 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. Visit <a href="http://www.wealthramp.com/farnoosh" rel="noopener noreferrer" target="_blank">Wealthramp.com/farnoosh</a> to learn more. 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><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>If you’ve spent time on social media this summer, you’ve probably come across the satirical lyrics of "Man in Finance" that have taken TikTok by storm—written and performed by our guest today, Megan Boni. We’ll dive into the inspiration behind her lyrics, the critiques she’s received, and how she’s navigating her newfound financial success, including her approach to market investing. We’ll also discuss “skinvesting,” meaning the behaviors and habits that support skin health, as Megan and I are both partnering with SkinCeuticals, the #1 medical skincare brand, to promote a new investment for your skin: the peptide serum P-Tiox. </p><br><p>Later in the show, we’ll be joined by triple board-certified dermatologist Dr. Mamina Turegano to explore further the concept of #skinvesting, the science of skincare, and how to invest in your skin at any age—whether you’re 12 or, like me, in midlife. </p><br><p> If you’d like to learn more about skinvesting and SkinCeuticals P-Tiox, head to <a href="http://www.SkinCeuticals.com" rel="noopener noreferrer" target="_blank">SkinCeuticals.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>Julia Haart's story is nothing short of extraordinary. Born into the ultra-Orthodox Jewish community, her life was defined by strict rules and limited freedoms. For years, she lived under the weight of these restrictions until, at 42, she made the courageous decision to break free. Since then, Julia has transformed her life and become a powerful force in both the fashion and business worlds.</p><br><p>As the founder and CEO of <a href="https://bodybyjuliahaart.com/?srsltid=AfmBOoqI7nzCRdn6EgizjbVt04gl-aex7g9ZMXKGClJ7ZJHn7yQtwiTM" rel="noopener noreferrer" target="_blank">+Body by Julia Haart</a>, she is on a mission to reimagine shapewear as comfortable, technologically advanced, confidence-building clothing designed to be seen. Julia is also widely recognized for her successful reality show on Netflix, <em>My Unorthodox Life</em>, which aired in over 190 countries and has not only inspired but also educated millions of viewers worldwide. Additionally, she shares her journey of hardship and triumph in her bestselling book, BRAZEN, providing invaluable insights and lessons.</p><br><p>Today, we will explore Julia’s remarkable transformation, the tools and strategies she used to reclaim her life, and her wisdom for others seeking their path to freedom.</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: Is it worth transferring savings from your current bank to a high-yield savings account (HYSA)? Given a new law, is it wise to roll over unused 529 dollars into a Roth IRA? How can parents raise kids to be “So Money®?”</p><p>Subscribe to Farnoosh’s new podcast: <a href="https://podcasts.apple.com/us/podcast/better-business-podcast/id1673076981" rel="noopener noreferrer" target="_blank">Better Business</a>.</p><p>Sign up for <a href="https://mailchi.mp/somoneypodcast/so-money-ebook" rel="noopener noreferrer" target="_blank">Farnoosh’s newsletter here</a> and instantly get a copy of So Money® Secrets, a compilation of the best advice shared on the podcast.</p><p>The episode is an encore from March 3, 2023.</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 weeklong series on kids and money continues as we dive deeper into teaching tweens, teens, and college students financial skills. Today, we're joined by Peter Bergman, Executive Director and Head of Starter Segment Banking at Chase Consumer & Community Bank. We'll explore the essential money lessons for high schoolers, from earning and investing to understanding credit. But how do you impart these critical skills when your kids are less eager to engage with you than they were at 8 or 9 years old? For more resources on Chase’s student programs, visit <a href="http://www.chase.com/somoney" rel="noopener noreferrer" target="_blank">chase.com/somoney</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>We're kicking off a weeklong series on kids and money in partnership with Chase Bank. Our episode today dives into ways we can teach young kids the basics of saving and money management. How to implement an allowance system? How can parents and caregivers model positive financial habits? What are the best books for teaching financial literacy? Our guest is Renee Campbell, Head of Youth & Family Banking for Chase Bank. For more information about Chase’s student resources, visit: <a href="https://urldefense.com/v3/__http:/www.chase.com/somoney__;!!IHJ3XrWN4X8!PGLkjQg6FZrtMnxuMRZ6f-hReWlvfcVI9K8u4MyC0_2S3B9JBiZR3AXUcUJyTItwaiQ3jNI01gztUewvjJbEoOyUCWqhWUTyxFe-KOT_$" rel="noopener noreferrer" target="_blank">chase.com/somoney</a>.</p><p> </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 show: How to assess various debt relief programs for pros/cons, tips for finding a job as a young college graduate and ways to save towards a 6-months cushion. <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>

Addressing a family financial pain point across America: How to spend less on food and meals. Our guest <a href="https://plandymandy.komi.io/" rel="noopener noreferrer" target="_blank">Mandy Klentz</a> is the creator of Plandy Mandy Meal Plans and has a <a href="https://www.instagram.com/plandy.mandy/" rel="noopener noreferrer" target="_blank">popular Instagram</a> where she shares free food shopping and planning tips. On the show: How to save time on meal planning and prepare easy meals all week. Plus: insights into how Mandy has built a successful business around meal planning advice. <a href="https://www.etsy.com/shop/plandymandy/?etsrc=sdt" rel="noopener noreferrer" target="_blank">Shop Mandy's free meal plans on Etsy.</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>

Today’s show covers the ins and outs of LLCs and S-Corps and how to determine which one (or both) is best for structuring your business. The guest is Hannah Cole, creator of<a href="https://www.sunlighttax.com/" rel="noopener noreferrer" target="_blank"> Sunlight Tax.</a> You can visit <a href="https://www.sunlighttax.com/" rel="noopener noreferrer" target="_blank">Sunlight Tax</a> for resources mentioned in today’s episode. (This episode aired originally on May 13, 2024) Check out Hannah's <a href="https://courses.sunlighttax.com/file-your-boi-report-new-rule-for-llcs" rel="noopener noreferrer" target="_blank">free LLC mini-course</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>This week: A recap of the stock market's volatile run, navigating pre-nups with your beloved, inheriting money when you don't really *need* it, and advice for how to adjust the financial arrangements in your marriage.</p><p>Enter to win a free signed copy of <a href="https://www.instagram.com/reel/C-YEjjQJzvZ/?utm_source=ig_web_copy_link" rel="noopener noreferrer" target="_blank">A Healthy State of Panic.</a></p><p><a href="https://mailchi.mp/somoneypodcast/so-money-ebook" rel="noopener noreferrer" target="_blank">Sign up</a> for Farnoosh's weekly newsletter.</p><p>Join the <a href="https://somoneymembers.com/" rel="noopener noreferrer" target="_blank">So Money Members Club</a>.</p><p>Check out our recent episode on <a href="https://podcasts.apple.com/us/podcast/so-money-with-farnoosh-torabi/id955939085?i=1000662054201" rel="noopener noreferrer" target="_blank">inheritances</a>.</p><br><p> </p><br><p><br></p><p>BOOK GIVEAWAY</p><p><a href="https://www.instagram.com/reel/C-YEjjQJzvZ/?utm_source=ig_web_copy_link" rel="noopener noreferrer" target="_blank">https://www.instagram.com/reel/C-YEjjQJzvZ/?utm_source=ig_web_copy_link</a></p><br><p>ALL-THINGS INHERITANCES </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>Tiffany <a href="https://thebudgetnista.com/" rel="noopener noreferrer" target="_blank">“The Budgetnista”</a> Aliche, is back again with important financial advice, as we navigate life's uncertainties. How do we get financially creative to solve current economic challenges? What's the best way to prepare kids for managing an inheritance? What are some items we tend to overlook when estate planning?</p><p>Tiffany's latest financial tool is a new workbook called <a href="https://www.penguinrandomhouse.com/books/723861/made-whole-by-tiffany-the-budgetnista-aliche/" rel="noopener noreferrer" target="_blank"><em>Made Whole: The Practical Guide to Reaching Your Financial Goals</em></a>, which offers a practical approach to transforming financial dreams into reality.  <strong> This episode aired originally on November 20, 2023.</strong></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>

<em>New York Times</em> bestselling author of <a href="https://www.takebackyourbrainbook.com/" rel="noopener noreferrer" target="_blank">Take Back Your Brain</a>, <a href="https://schoolofnewfeministthought.com/" rel="noopener noreferrer" target="_blank">Kara Loewentheil</a>, unveils her proven strategies for closing the “brain gap,” and how women can reclaim their financial confidence in a patriarchal society. <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 from the mailbag: Thoughts on playing the lottery, investing in real estate syndication, selling a home you inherited, and how much financial transparency is necessary in a marriage? Referenced on the episode: Interview with co-founders of <a href="https://podcast.farnoosh.tv/episode/annie-dickerson-and-julie-lam/" rel="noopener noreferrer" target="_blank">GoodEgg Investment.</a> (This episode aired originally on March 22, 2024)</p><p>Read the Amazon scam article in <a href="https://www.thecut.com/article/amazon-scam-call-ftc-arrest-warrants.html" rel="noopener noreferrer" target="_blank">The Cut</a> | Download Farnoosh's <a href="https://mailchi.mp/somoneypodcast/cribsheet" rel="noopener noreferrer" target="_blank">cribsheet for When She Makes More</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>

I know some might be looking for a "man in finance," as the viral TikTok goes, but I wanted to find a <em>woman in finance</em> and learn about her rise to the top and how she’s balancing the demands of work and her personal life. Alyssa Schaefer is the General Manager and Chief Experience Officer at <a href="https://www.laurelroad.com/?gad_source=1&gclid=Cj0KCQjwwae1BhC_ARIsAK4Jfry0Lvm-8NykhDo62H6H323NNqHi9_NDQbFUJmdAej-Ih-_kH5RGQYUaAs4HEALw_wcB&gclsrc=aw.ds" rel="noopener noreferrer" target="_blank">Laurel Road</a>, a digital banking platform, where Alyssa oversees all aspects of the business, including Marketing, Operations, Risk, and P&L Management. Before Laurel Road, Alyssa held several leadership positions in the financial services industry. She's also a mom of twin toddlers. In our convo, Alyssa shares the best career advice she's received, the benefits of being a generalist in her profession, and how Laurel Road services many borrowers in the medical and healthcare fields. <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>J. Dana Trent joins to share stories from her childhood as the daughter of a drug dealer, taught to cut up weed as a pre-schooler to support the family business. Her memoir, <a href="https://www.penguinrandomhouse.com/books/716563/between-two-trailers-by-j-dana-trent/" rel="noopener noreferrer" target="_blank">Between Two Trailers</a>, chronicles the trauma from her troubled past and Dana's ultimate reconciliation with her past life and parents. </p><br><p>More about <a href="https://www.jdanatrent.com/" rel="noopener noreferrer" target="_blank">J. Dana Trent:</a> She is an accomplished professor and award-winning spirituality writer with a master’s degree from Duke.</p><p> </p><p> </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>

Guest co-host Georgia Lee Hussey, founder of <a href="https://modernistfinancial.com/" rel="noopener noreferrer" target="_blank">Modernist Financial</a>, joins to share insights into how to manage your money during an election year and to help answer audience questions about paying off a mortgage early, budgeting for a newborn and investing in your 50s. Links mentioned: <a href="http://www.wealthramp.com/farnoosh" rel="noopener noreferrer" target="_blank">wealthramp.com/farnoosh</a> and <a href="https://www.nphm.org/civiclove" rel="noopener noreferrer" target="_blank">36 Questions for Civic Love.</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>

Has your financial anxiety increased with the uncertainties around this year's election? Guest <a href="https://ajaevanscounseling.com/" rel="noopener noreferrer" target="_blank">Aja Evans</a>, a board-certified therapist, speaker, and writer specializing in financial therapy, shares insights into how and why election years typically cause heightened financial stress -- and how we can work through economic and political unknowns. Aja's forthcoming book, <a href="https://www.penguinrandomhouse.com/books/759700/feel-good-finance-by-aja-evans/" rel="noopener noreferrer" target="_blank">Feel Good Finance</a>, is a judgment-free book that will help you take control of your money while prioritizing your financial wellness. <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 have the singular Glynnis MacNicol, journalist, memoirist and author of the new book,<a href="https://www.amazon.com/Im-Mostly-Here-Enjoy-Myself/dp/0593655753" rel="noopener noreferrer" target="_blank"> I'm Mostly Here to Enjoy Myself: One Woman's Pursuit of Pleasure in Paris</a>. We explore what it means to be a woman untethered, single, child-free and a quest to have fun -- for fun's sake. Gylnnis' memoir takes place during the summer of 2021, as she ventured from NYC to Paris during the global pandemic. We discuss the economics of being Gynnis, how she afforded her time abroad, and how she affords many of her rich experiences (without needing to spend money). </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>

Today’s show: The benefits of credit cards, recommended stock portfolio allocations and resources for helping kids learn about money. Plus: How to execute a rollover or backdoor Roth IRA? (Questions are an encore from April 19) <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>

With a frozen housing market and a lack of housing supply, what's the best way to navigate the housing market? Should you become a lifestyle renter? Guest <a href="https://www.redfin.com/news/author/darylfairweather/" rel="noopener noreferrer" target="_blank">Daryl Fairweather</a> is a trusted source in the real estate market. As a female, millennial, and woman of color, Daryl brings a fresh perspective to housing topics and economics. She shares insights into what's driving the current housing market, where prices may go in the future and the long-term trends are affecting housing. <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>

We can bury the #girlboss, but what comes next? Guest <a href="https://www.samhitamukhopadhyay.com/" rel="noopener noreferrer" target="_blank">Samhita Mukhopadhyay</a> is the former executive editor of <em>Teen Vogue</em> and author of the new book <a href="https://www.penguinrandomhouse.com/books/690129/the-myth-of-making-it-by-samhita-mukhopadhyay/" rel="noopener noreferrer" target="_blank">The Myth of Making It: A Workplace Reckoning</a>, in which she tells her personal workplace reckoning and argues for collective responsibility to reimagine work as we know it. <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 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/farnoosh" 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. Visit <a href="http://www.wealthramp.com/farnoosh" rel="noopener noreferrer" target="_blank">Wealthramp.com/farnoosh</a> to learn more. 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. <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 today's show, a conversation about financial wellness and resilience with <a href="https://nutritiouslife.com/" rel="noopener noreferrer" target="_blank">Keri Glassman</a>, a renowned health expert who understands firsthand how to rebuild your financial life after a financial crisis. The infamous financial criminal Bernie Madoff deeply affected Keri's family and their finances.</p><br><p>More about Keri Glassman, MS, RD: She is a nationally recognized Registered Dietitian, acclaimed author, and in-demand media personality who has spent over two decades empowering individuals to lead healthier, happier lives. As the founder of the award-winning lifestyle and media company <a href="https://nutritiouslife.com/" rel="noopener noreferrer" target="_blank">Nutritious Life</a>, and the education platform Nutritious Life Studio, Keri has touched the lives of millions worldwide with her science-backed, holistic approach to wellness.<a href="https://nutritiouslife.com/podcast/episode-21-farnoosh-torabi-cultivating-financial-health-for-overall-wellbeing/" rel="noopener noreferrer" target="_blank"> Listen to Farnoosh on Keri's podcast talking about ways to cope with financial stress.</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>Guest Carrie Kerpen, the founder of the agency Likeable, sold her business for 8 figures and teaches women founders how to successfully exit their businesses.</p><p>In the financial world, there are many gender gaps: the wage gap, the investing gap, the funding gap, and the "exit" gap, where exclusively female-founded companies capture a minuscule 0.8%<strong> </strong>of the total exit value. Carrie shares tips on how to prepare your business for an acquisition. </p><br><p>For more of Carrie's insights, check out her podcast, <a href="https://www.carriekerpen.com/the-exit-whisperer-podcast" rel="noopener noreferrer" target="_blank">The Exit Whisperer</a>, and <a href="https://www.wearethewhispergroup.com/" rel="noopener noreferrer" target="_blank">The Whisper Group,</a> her exit-readiness advisory firm dedicated exclusively to women-owned businesses.</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 episode aired originally on Friday, May 31.</p><p>Pam Krueger, founder of <a href="https://wealthramp.com/farnoosh/" rel="noopener noreferrer" target="_blank">Wealthramp</a>, joins to help answer audience questions about<strong> the ins and outs of life insurance, investing in the U.S. stock market, and credit card debt relief. </strong><a href="https://podcast.farnoosh.tv/episode/pam-krueger/" rel="noopener noreferrer" target="_blank">Listen to Pam's interview from earlier this month, discussing ways to find a great financial advisor.</a> Wealthramp is a platform that has matched over 20,000 individuals with fiduciary advisors and financial planners since 2019 and boasts client retention rates exceeding 98%. <a href="https://wealthramp.com/farnoosh/" rel="noopener noreferrer" target="_blank">Wealthramp’s</a> vetted advisor network spans the country and offers diversity in geography, specialization, gender, and fee structure. Visit <a href="http://www.wealthramp.com/farnoosh" rel="noopener noreferrer" target="_blank">Wealthramp.com/Farnoosh</a> to start your search today.</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>

What are the secrets to having effective money conversations? Pulitzer-prize-winning journalist and author of the NYT bestseller <a href="https://www.amazon.com/Supercommunicators-Unlock-Secret-Language-Connection/dp/0593243919" rel="noopener noreferrer" target="_blank">Supercommunicators</a> Charles Duhigg shares science-backed ways to communicate successfully about money, work, and life. <em>This episode aired originally on April 3, 2024.</em> <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>

Guest Neha Ruch, founder of <a href="https://www.motheruntitled.com/" rel="noopener noreferrer" target="_blank">Mother/Untitled</a>, discusses the often deductive ways society characterizes stay-at-home mothers and is on a mission to rebrand this role to bring more dignity and respect to parents choosing to take a break from their careers to support their children and families. Neha's forthcoming book <a href="https://www.amazon.com/Power-Pause-Career-Kids-Stronger/dp/0593716183/ref=sr_1_1?dib=eyJ2IjoiMSJ9.QEMs4wMZUvQ4fUVvaAOm9NmCEAX73MDGO7yC_Hc9w1j28blVHzcOSbs39I0WfHY8EnZezyD2mks1JnqQ7UD9DUki4jnIDBNoKic9ul6FfAr0ItXEcI8J5c1MtYs0x3qs7BEb5qtwlBiEfRWZQv7sjA2_z5Oq7hbOU72V-WJLNfnuY0qfj37YsmMz8nR4UcUxEtr6g_mYLAiCKtXedJyAzoYcc0NRzHxL_6uYykJfnmg.OpqcG_lA769v3U-WtPwA8y6bdoinqvaIuNmo8M6NKyE&dib_tag=se&keywords=the+power+pause&qid=1716390445&sr=8-1" rel="noopener noreferrer" target="_blank">The Power Pause: How to Plan a Career Break After Kids--and Come Back Stronger Than Ever</a> is available for pre-order. <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>Learn more about the <a href="http://www.somoneymembers.com" rel="noopener noreferrer" target="_blank">So Money members club and our monthly workshops here.</a></p><p>How to prepare for the spring home buying season, pivoting in your career in your 40s, Roth rollover rules and more.</p><p>The Q&A portion of this episode first aired on March 29.</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 focuses on ways to manage financial stress and burnout. <a href="https://katenorthrup.com/about/" rel="noopener noreferrer" target="_blank">Guest Kate Northrup</a> is a financial expert, author, and <a href="https://katenorthrup.com/plenty/" rel="noopener noreferrer" target="_blank">host of Plenty</a> who believes paying attention to nature and your biology can help inform how and when to pursue growth and when to scale back. </p><p> </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, we're in discussion with a a financially exceptional couple, Katie and Alan Donegan, who managed to quit their day jobs and retire when Katie was 35 and Alan was 40. We’ll hear how they calculated for this accelerated plan, how they’re living out their early retirement dreams, and advice for listeners on determining how much one needs to save for retirement. Learn more about the Donegans and their <a href="https://www.alandonegan.com/rebelfinance.html" rel="noopener noreferrer" target="_blank">Rebel Finance School here.</a> (This episode aired originally on May 27, 2024) <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 dives into many of your biggest questions about retirement: <em>How much is enough for a typical retirement? What are the best ways to save and invest towards this goal? Do I put it all into my 401(k) or spread it over multiple retirement accounts? What can we expect from social security? How to prepare for unexpected health expenses</em><strong><em> </em></strong><em>in retirement? Should I hire someone to manage my retirement nest egg? What's the best place to store my cash after selling my house in my late 50s? </em></p><br><p>Co-host Pam Krueger is a longtime financial journalist and founder of <a href="http://www.wealthramp.com/farnoosh" rel="noopener noreferrer" target="_blank">Wealthramp</a>, a platform that helps you find a fiduciary (i.e., trustworthy) financial planner. Visit <a href="http://www.wealthramp.com/Farnoosh" rel="noopener noreferrer" target="_blank">Wealthramp.com/Farnoosh</a> to get matched with a pre-vetted advisor.</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>