So Money with Farnoosh Torabi

How to create a 7-figure side hustle? Guest <a href="http://www.rachelrodgers.com" rel="noopener noreferrer" target="_blank">Rachel Rodgers </a>is the CEO/Founder of Hello Seven, an award-winning company that teaches women, BIPOC, and LGBTQIA people how to build a seven-figure business and create generational wealth. She’s the author of <a href="https://www.amazon.com/We-Should-All-Be-Millionaires/dp/1400221625" rel="noopener noreferrer" target="_blank"><em>We Should All Be Millionaires: A Woman’s Guide to Earning More, Building Wealth, and Gaining Economic Power. </em></a>Her new workbook, <a href="https://www.amazon.com/Million-Dollar-Actions-Step-Step/dp/1400243688" rel="noopener noreferrer" target="_blank">Million Dollar Action</a>, is a companion to her bestselling book. <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>

Whether you're an entrepreneur or not, retired or at the beginning of your career, most of us have personal brands. We're trying to push <em>something</em> forward, and much of what we've been taught about connecting with our audience and winning them over is not what *actually* works. Guest <a href="https://lesliezane.com/" rel="noopener noreferrer" target="_blank">Leslie Zane</a> is an award-winning marketer, TEDx speaker, and the foremost authority in harnessing the instinctive mind to accelerate brand and business growth. Her new book,<a href="https://thepowerofinstinctbook.com/" rel="noopener noreferrer" target="_blank"> The Power of Instinct,</a> challenges conventional wisdom in business and brand building and teaches how the key to a brand's success is tapping into the<em> unconscious</em> mind. <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 href="http://www.farnooshbts.com" rel="noopener noreferrer" target="_blank">Apply for Farnoosh's Mentorship Program.</a></p><p>Today's show focuses on helping a listener who is an exceptional saver - but has no financial goals. How can she prioritize her spending? Also, navigating a future fiance's massive debt load and job interview red flags. Listen to hear how to win a free copy of Thank You, More Please. </p><p>Mentioned: <a href="https://podcast.farnoosh.tv/episode/aaron-thomas/" rel="noopener noreferrer" target="_blank">The So Money episode on Pre-Nups. </a></p><br><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>

How can money be a real tool to help you achieve what matters... and less a reflection of your worth? Holly Trantham, author of the new book <a href="https://www.penguinrandomhouse.com/books/738110/beyond-getting-by-by-holly-trantham-design-by-lauren-ver-hage-foreword-by-chelsea-fagan/" rel="noopener noreferrer" target="_blank">Beyond Getting By</a>, joins to discuss ways we can build a sustainable, wealth-generating plan for the future. More about Holly: She joined <a href="http://www.TheFinancialDiet.com" rel="noopener noreferrer" target="_blank">The Financial Diet</a> as a managing editor in 2016. She is now the team’s creative director, leading editorial strategy and branded campaigns. <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>**Book Giveaway** Leave a review for this episode in <a href="https://podcasts.apple.com/us/podcast/so-money-with-farnoosh-torabi/id955939085" rel="noopener noreferrer" target="_blank">Apple Podcasts</a> to enter to win one of 10 copies of Thank You, More Please.** </p><p>Lily Womble, feminist dating coach and founder of Date Brazen, joins So Money to share advice from her new book, <a href="https://www.datebrazen.com/book" rel="noopener noreferrer" target="_blank">Thank You, More Please</a>. Learn how to navigate the dating world without depending on matchmaking apps, and using "Essence-Based Preferences" to attract exactly what you desire in your love life.</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><a href="http://www.farnooshbts.com" rel="noopener noreferrer" target="_blank">Learn more about Farnoosh's mentorship program.</a></p><p>This week's questions focus on smart budgeting frameworks, earning more outside a 9 to 5, dealing with high annual credit card fees and a pro tip for handling medical debt.</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>

Want to learn how to get your money to work for <em>you</em>? Stop living paycheck to paycheck, build multiple revenue streams and a sustainable business plan? Entrepreneur and money mentor Mel Abraham shares insights from his new book, <a href="https://www.melabrahamtraining.com/yourmoneymachinebook" rel="noopener noreferrer" target="_blank">Building You Money Machine</a>, 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>

This week, Pam Krueger, founder of <a href="https://wealthramp.com/farnoosh/" rel="noopener noreferrer" target="_blank">Wealthramp</a>, joins to help answer listener questions about life insurance, investing, and debt management. <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. <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>Just days away from the next <a href="http://www.somoneyworkshop.com/couples" rel="noopener noreferrer" target="_blank">So Money Pop-Up Workshop</a>, which will focus on “Couples and Money.” <a href="http://www.somoneyworkshop.com/couples" rel="noopener noreferrer" target="_blank">Register here. </a></p><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></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><a href="http://www.somoneyworkshop.com/couples" rel="noopener noreferrer" target="_blank">Join Farnoosh's next So Money Pop-Up workshop for couples.</a> </p><p>In today's Ask Farnoosh, listeners pose questions about managing money in your relationship, how to prioritize the various saving and investment accounts you contribute to, and should a couple take advantage of a 0% interest loan? </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 centers on ways we can protect ourselves from dangerous financial scams, many powered by AI. Our guest is <a href="https://inspiredbudget.com/" rel="noopener noreferrer" target="_blank">Allison Baggerly</a>, financial expert, author and founder of Inspired Budget. <a href="https://inspiredbudget.lpages.co/june-2024/" rel="noopener noreferrer" target="_blank">Sign up for Allison's free budget class here.</a> The CUT article about the <a href="https://www.thecut.com/article/amazon-scam-call-ftc-arrest-warrants.html" rel="noopener noreferrer" target="_blank">Amazon scam referenced in the show is 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>Deesha Dyer is the former White House Social Secretary under President Obama, meaning she was THE person responsible for state dinners, official functions, visits by Popes and presidents, performances by Beyoncé (!), and more. Deesha's new book <a href="https://www.amazon.com/Undiplomatic-Attitude-Created-Best-Trouble-ebook/dp/B0CJ91HNCY" rel="noopener noreferrer" target="_blank"><em>UNDIPLOMATIC</em></a> pulls back the curtain on White House life to funny, winning effect, but even more so, it documents a young Black woman's struggle to belong in our nation's most prestigious spaces.</p><p> </p><p>In 2009, at age 31, Deesha Dyer's finances were... messy. She'd dropped out of college, accruing a mountain of debt but no degree. She had an eviction on her record and bad credit. She plugged away at an admin job, while freelancing as an organizer and blogger of her beloved hip-hop / soul scene in Philly. (Hello, Jill Scott!)</p><p> </p><p>Inspired by the Obama campaign, she applied for a White House internship that she knew was a longshot. These jobs were for phenoms from Harvard and Howard. Not part-time community college students in their thirties with zero connections. To her shock, Deesha got the gig. For the first time in her life, she had a full-time job that reflected her passion for change. In just five years or so, she was in charge of a whole White House department.</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: Managing a $100k inheritance; debt pay-down strategies; should I pay for a certification to switch careers if I'm in debt? </p><p>Also: Farnoosh weighs in on Footballer Harrison Butker's ridiculous graduation speech directed at the women graduates.</p><p>Sign up for the <a href="http://www.SoMoneyMembers.com" rel="noopener noreferrer" target="_blank">So Money Members Club.</a></p><p>Get on the waitlist for the next <a href="http://www.booktobrand.co" rel="noopener noreferrer" target="_blank">Book to Brand</a> here.</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>

Author of the national bestselling novel <a href="https://www.amazon.com/Sicilian-Inheritance-Novel-Jo-Piazza/dp/0593474163/ref=asc_df_0593474163/?tag=hyprod-20&linkCode=df0&hvadid=693033695457&hvpos=&hvnetw=g&hvrand=12331733341855974930&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9003498&hvtargid=pla-2190197674057&psc=1&mcid=540082068ec737acb90fab80f46e1b4a&gad_source=1&gclid=CjwKCAjwupGyBhBBEiwA0UcqaDNYaqR6_Iqpn9NYoYbiUxPKknuqzIw-Aj37A8eYE6FsMVZw3i8OTRoCO4YQAvD_BwE" rel="noopener noreferrer" target="_blank">THE SICILIAN INHERITANCE </a>and host of the <a href="https://podcasts.apple.com/us/podcast/under-the-influence-with-jo-piazza/id1544171101" rel="noopener noreferrer" target="_blank">UNDER THE INFLUENCE podcast</a>, Jo Piazza, joins the show to discuss the rich themes in her newest book. <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>Stay tuned for tonight's Webby's BTS, where So Money receives an award -- on <a href="http://www.instagram.com/farnooshtorabi" rel="noopener noreferrer" target="_blank">Farnoosh's Instagram</a>.</p><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.</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 the <a href="www.somoneymembers.com" rel="noopener noreferrer" target="_blank">So Money Members Club</a> to gain access to Farnoosh on the go and a front-row seat to her monthly workshops.</p><p>Today's episode addresses questions from the audience about career transitions. One listener is concerned that making a job switch could impact the finances in her relationship, as she is the sole breadwinner at the moment. Another listener struggles to pivot in her 40s, worried about the risks of "starting over" in a new career. Finally, one friend in the audience wants to know how to become more ready for retirement. Where should she park $400,000 in cash? </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>

May is Mental Health Awareness Month, a time to reflect on how our financial well-being impacts our mental health and how generational trauma may be at the root of stress and anxiety about money. Guest Sahaj Kohli is the founder of <a href="https://sahajkaurkohli.com/brown-girl-therapy" rel="noopener noreferrer" target="_blank">Brown Girl Therapy</a> and the author of the new book <a href="https://sahajkaurkohli.com/book" rel="noopener noreferrer" target="_blank">But What Will People Say: Navigating Mental Health, Identity, Love, and Family Between Cultures. </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>We’re dedicating this entire episode to probably the biggest question I get from listeners: Should I work with a financial planner? We’re addressing your top concerns and questions about working with a financial advisor with guest Pam Krueger, a seasoned financial journalist and the creator and co-host of MoneyTrack, which ran on PBS stations nationwide.</p><br><p>Pam is also the founder of <a href="http://www.wealthramp.com/farnoosh" rel="noopener noreferrer" target="_blank">Wealthramp</a>, a platform that has matched over 20,000 individuals with fiduciary advisors and financial planners since 2019 and boasts client retention rates exceeding 98%. Wealthramp's vetted advisor network spans the country and offers diversity in geography, specialization, gender, and fee structure. </p><br><p>No matter your income or asset level, Wealthramp is flexible, and can accommodate your needs with various project scopes and fee options.</p><p>I'm excited to announce my collaboration with Pam and <a href="http://www.wealthramp.com/farnoosh" rel="noopener noreferrer" target="_blank">Wealthramp</a> to connect So Money audience members with top-notch, fee-only financial advisors. Visit <a href="http://www.wealthramp.com/farnoosh" rel="noopener noreferrer" target="_blank">wealthramp.com/farnoosh</a> to start the easy process of finding an advisor or planner aligned with your needs, goals, and budget. The initial meeting with any advisor is free. One thing I especially like about Wealthramp is the advisors they recommend can’t contact you unless you ask them to - your information is protected, and you’re in control. Again, the website is <a href="http://wealthramp.com/Farnoosh" rel="noopener noreferrer" target="_blank">wealthramp.com/Farnoosh</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 private community to up-level your finances at <a href="http://www.SoMoneyMembers.com" rel="noopener noreferrer" target="_blank">SoMoneyMembers</a>.</p><p>Last day to join <a href="http://www.booktobrand.co" rel="noopener noreferrer" target="_blank">Book to Brand</a> in NYC.</p><p>This week's questions: Does it ever make sense to withdraw early from a 401k to pay down debt? What investing fees should we watch out for? Is my target date fund OK, or should I expand my investments?</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>The average worker believes they need over $1 million to retire comfortably. How can small business owners secure this lofty financial goal for themselves and their employees with less stress? Guest Jean Smart is the founder and CEO of <a href="http://www.penelope.co" rel="noopener noreferrer" target="_blank">Penelope</a>, a fintech company that is disrupting retirement solutions for small and micro businesses. Penelope (named after her daughter) was inspired by her personal experiences, as Jean is the daughter of Korean immigrant business owners who were not prepared for their own retirement.</p><br><p><br></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 href="https://yoquierodineropodcast.com/about/" rel="noopener noreferrer" target="_blank">Jannese Torres</a> is an award-winning Latina money expert. She became an accidental entrepreneur after a job loss inspired her to turn her food blog into a six-figure business. Throughout the years, her passion for entrepreneurship led her to notice a gap in the conversation around money. Her debut book, <a href="https://www.hachettebookgroup.com/titles/jannese-torres/financially-lit/9781538741665/?lens=balance" rel="noopener noreferrer" target="_blank">Financially Lit,</a> offers culturally relevant and relatable personal finance advice to make you feel seen, heard and understood. Whether it’s the guilt you feel from being the first person to “make it” while members of your family are still struggling or the way financial trauma manifests itself in negative and limiting beliefs around money, Torres is here to guide you through it all. Check out Jannese's <a href="https://podcast.farnoosh.tv/episode/janesse-torres-rodriguez/" rel="noopener noreferrer" target="_blank">first interview on So Money.</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>Registration for Farnoosh's investing workshop closes soon.<a href="http://www.somoneyworkshop.com" rel="noopener noreferrer" target="_blank"> Secure your spot here.</a></p><p>This week: Helping a listener who's overwhelmed by credit card bills; Should a listener quit her job if she is the breadwinner? And should another listener take an early retirement package if they still need to make money?</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>

So Money has officially won the 2024 Webby for BEST LIVE EPISODE RECORDING with comedian, actress and author Michelle Buteau. Relive the magic of that episode today, as Michelle shares her struggles and wins, rising through the world of show business and comedy. Learn about her investments, savings strategies and financial hopes for her two children. (This episode aired originally on August 21, 2023) <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 her new book <a href="https://www.amazon.com/50-Solution-Surprisingly-Happier-Healthier/dp/172825454X" rel="noopener noreferrer" target="_blank"><em>The 50/50 Solution</em></a>, creator of the Wealthy Single Mommy community Emma Johnson showcases the robust research proving that, in the vast majority of cases, equal timesharing is the best outcome for everyone in a family where the adults no longer live together. <em>The 50/50 Solution</em> will show you that equal parenting time leads to better physical, emotional, and mental health for children of divorce, higher career earnings for single mothers, fathers who are more engaged and whose rights as parents are preserved and far less parental and legal conflict.</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>Register for <a href="http:www.somoneyworkshop.com" rel="noopener noreferrer" target="_blank">Farnoosh's Investing Masterclass on April 29</a></p><p>Prospective Authors: Join Farnoosh at <a href="http://www.booktobrand.co" rel="noopener noreferrer" target="_blank">Book to Brand in NYC </a>- few seats left!</p><p>Join the Waitlist for the <a href="http://www.somoneymembers.com" rel="noopener noreferrer" target="_blank">So Money Members Club</a></p><br><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 Roth IRA? </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>

<p>Carl Richards is a Certified Financial Planner™ and creator of the Sketch Guy column, which appeared weekly for a decade in The New York Times. He is the author of The Behavior Gap and host of the new podcast <a href="https://podcasts.apple.com/us/podcast/50-fires-money-and-meaning-with-carl-richards/id1709551590?i=1000652705034" rel="noopener noreferrer" target="_blank">50 Fires</a> (I'm a guest!). We cover a range of complex financial topics in this episode from "enoughness" to finding meaning in your career and making investments that are "worth it."</p><br><p>Listen to Carl's <a href="https://podcast.farnoosh.tv/episode/carl-richards/" rel="noopener noreferrer" target="_blank">previous appearance</a> on So 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>

My career has never been this ONE thing, and I sometimes worry that it seems like I’m scattered. My guest today wants us all to feel validated and secure in pursuing multiple pursuits simultaneously. Christina Wallace is the author of <a href="https://www.portfoliolife.com/" rel="noopener noreferrer" target="_blank">The Portfolio Life</a>, in which she shares how we can develop an identity that is so much broader than just how we monetize our time today. Christina is also a Senior Lecturer at Harvard Business School, where she teaches entrepreneurship and leads the HBS Startup Bootcamp. She is also the co-founder of <a href="https://www.nvpbroadway.com/" rel="noopener noreferrer" target="_blank">Nothing Ventured Productions</a>, where she and her co-founders provide access to micro-investments in Broadway theatre. Christina and I will talk more about investing in theatre, crafting your portfolio life, and the applications of AI in our daily lives. <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 originally aired on March 8, 2024.</p><p>Learn more about Farnoosh's private book workshop <a href="http://www.booktobrand.co/" rel="noopener noreferrer" target="_blank">Book to Brand </a>here.</p><p>This week: Questions about how much is 'enough' to store in a checking account versus a savings account, the pros and cons of 529 prepaid college tuition plans, and whether a listener should sell her home if the equity can provide her family with more financial flexibility.</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 exploring Loud Budgeting, a financial trend that originated on TikTok. How does it work? Is it a good strategy for everyone?</p><br><p>Guest Stephanie Vaught is the founder of <a href="Http://www.socialmoneyfinance.com" rel="noopener noreferrer" target="_blank">Social Money Finance</a>, a personal finance company specializing in helping Gen X women make empowered financial decisions. She is also the co-founder of <a href="https://thecreatorsnest.co/" rel="noopener noreferrer" target="_blank">The Creators' Nest</a> in Detroit, MI.</p><br><p>This episode originally aired on Feb 14, 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>This episode originally aired on March 4, 2024. What did you learn about money growing up? What were the messages you received about money from parents, your friends, media and your culture? Our guest Giovanna "Gigi" Gonzalez is the author of <a href="https://www.amazon.com/Cultura-Cash-Managing-Finances-Expectations-ebook/dp/B0CQ6H9FTY" rel="noopener noreferrer" target="_blank">Cultura and Cash</a>, in which she shares her journey as the daughter of Mexican immigrants and the money scripts she needed to rewrite as an adult to claim financial security.</p><br><p>Gigi is a TikTok influencer and financial educator who, during The Great Resignation, quit her 10-year corporate career to pursue her true passion: teaching financial literacy to young adults. In our conversation, she highlights some of the advice from her book Cultura and Cash on how to avoid some of the financial pressures from family and culture and how to define financial security on your own terms. You can follow Gigi @<a href="https://www.tiktok.com/@thefirstgenmentor?lang=en" rel="noopener noreferrer" target="_blank">TheFirstGenMentor</a>.</p><br><p>This episode originally aired on March 4, 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 includes tips for opening a good rewards credit card, why it's wise to keep an old credit account open, and salary negotiation advice.</p><br><p><a href="https://vote.webbyawards.com/PublicVoting#/2024/podcasts/features/best-live-podcast-recording" rel="noopener noreferrer" target="_blank">VOTE</a> for SO MONEY to win a <a href="https://vote.webbyawards.com/PublicVoting#/2024/podcasts/features/best-live-podcast-recording" rel="noopener noreferrer" target="_blank">WEBBY AWARD.</a></p><p>Join the <a href="https://somoneymembers.com/" rel="noopener noreferrer" target="_blank">WAITLIST</a> for enrollment in Farnoosh's <a href="https://somoneymembers.com/" rel="noopener noreferrer" target="_blank">So Money Members Club.</a></p><p>Sign up for <a href="https://booktobrand.co/" rel="noopener noreferrer" target="_blank">Book to Brand</a> by Friday, April 5, midnight ET, and receive <a href="https://booktobrand.co/" rel="noopener noreferrer" target="_blank">DISCOUNTED</a> pricing.</p><p>Follow Farnoosh on <a href="http://www.instagram.com/farnooshtorabi" rel="noopener noreferrer" target="_blank">Instagram</a>.</p><br><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>

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 effectively about money, work, and life. <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>

When it comes to career and finances, what do women really want to achieve? What's holding them back? Guest <a href="https://www.wendypetties.com/" rel="noopener noreferrer" target="_blank">Wendy Petties</a>, also known as the Relationships Whisperer, is a Psychologist, MBA, and Sex Educator who uses this eclectic trio of skills to guide women toward financial empowerment and personal fulfillment. Wendy's personal story is also a testament to resilience.<strong> </strong>From filing bankruptcy to achieving millionaire status in record time, she's transformed her life by increasing the pleasure in her relationships—with herself, others, and money. Wendy is the creator of the Sexy Money® System, the magic formula she used to turn her financial struggles into abundance. Take her <a href="https://www.wendypetties.com/quiz" rel="noopener noreferrer" target="_blank">free online assessment</a> here. <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 free workshop on <a href="https://us06web.zoom.us/meeting/register/tZMsde6hrjMoGtXni_ZWyLyqH8uUEb1T-xY7" rel="noopener noreferrer" target="_blank">how to strike a big book deal here.</a></p><p>Learn more about the <a href="https://somoneymembers.com/" rel="noopener noreferrer" target="_blank">So Money members club and our monthly workshops here.</a></p><p>Today's show: The stay-at-home-girlfriend is in trouble. Cosmopolitan has the <a href="https://www.cosmopolitan.com/sex-love/a60130675/stay-at-home-girlfriend-tik-tok-trend-breakups/" rel="noopener noreferrer" target="_blank">scoop</a>. Also, how to prepare for the spring home buying season, pivoting in your career in your 40s, Roth rollover rules 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>

Guest Karen Holland, founder of <a href="https://giftingsense.org/" rel="noopener noreferrer" target="_blank">GiftingSense.org</a>, is on a mission to prepare today’s school-aged children to think before they buy. <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>

Do you want to learn how to build your career without breaking yourself? Build and maintain your professional reputation? Become a subject matter expert and a more effective communicator? These are big goals but our guests today, the authors of a forthcoming book called <a href="https://www.amazon.com/MicroSkills-Small-Actions-Big-Impact-ebook/dp/B0C1SZ99K4" rel="noopener noreferrer" target="_blank">MicroSkills</a>, say the key is to break a complex task into small, learnable skills that can be practiced, and incorporated real-time. Dr. Resa Lewiss is Professor of Emergency Medicine & Radiology as well as Director of the Point-of-Care Ultrasound Division at Thomas Jefferson University Hospital. She is also the host of The Visible Voices Podcast. Dr. Adaira Landry is an Assistant Professor of Emergency Medicine at Harvard Medical School & Assistant Residency Director for the Harvard Affiliated Emergency Medicine Residency Programs. <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>Sorry, friends! I'm currently dealing with an injury, so this is an encore of one of my favorite episodes, which originally aired on February 23, 2024. Thanks for your patience!! </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>;</p><p>Download Farnoosh’s <a href="https://mailchi.mp/somoneypodcast/cribsheet" rel="noopener noreferrer" target="_blank">cribsheet for When She Makes More</a></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></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>

Whether online or in-person, today's episode offers road-tested strategies and scripts for winning the job interview. How to discuss a gap in your resume? How to test if the company is the right culture fit? How to discuss pay? Our guest is Hanna Howard, Senior Work Editor for <a href="https://www.cnbc.com/make-it/" rel="noopener noreferrer" target="_blank">CNBC Make It</a>. Howard hosts a new online course venture called <em>Smarter by CNBC Make It. </em>The first paid course, <a href="http://email.nbcuni.com/c/eJxUzb1qIzEQAOCn0Xa7jGZm9VOo8OFbOLjKXaogaUdYcbwyazkmefqQMv0H3xrIEMIgQVtg5-dZu-EcSrTZIPAKMSUkNEjOe2YoEDGyHWpAQAatQTPM2kxsk3bMSGAIrcyKYUv5sdUpt-vwHs693-6KDgoXhcv9Gvcu-5S3lK_xIrX_MIXLTeFybs-xtzFmGT_bYx_fWhrr1mX_qPJUtOT2uLXtNbdVFB3_Hk7_X_78Ox2HPchet-lS-1eV338PhvLKzLmQK-BXweLRouOiZ9I566EHDakYQ1IScyH2s3FsHYmORXxB-g4AAP__YDFYqQ" rel="noopener noreferrer" target="_blank">How to Ace Your Job Interview</a>, gives people a leg up on the competition by pulling back the curtain on the hiring process and showing users how to excel at their job interviews. <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>

Setbacks are unavoidable in business, finance, career, and relationships. While uncomfortable, they provide an opportunity to redefine success and gain a renewed perspective. Some of the world’s most prominent leaders attribute their setbacks to the reason they found success. Their lowest moments paved the way for their creative rebirth. But why does this happen? Guest Amy Shoenthal spent the past few years researching this phenomenon and developing a framework for her book, <a href="http://thesetbackcycle.com/" rel="noopener noreferrer" target="_blank">The Setback Cycle</a>. On the podcast, she shares the science behind setbacks and how everyone can navigate their businesses, careers -- and lives -- armed with the tools to work through this inevitable cycle.  <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 begins with the question: Are we in a silent recession? You can read more about the story <a href="https://www.bankrate.com/banking/savings/americans-experiencing-silent-recession/" rel="noopener noreferrer" target="_blank">she references here.</a></p><p>Other 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><p>Reserve a spot at <a href="http://www.booktobrand.co" rel="noopener noreferrer" target="_blank">Farnoosh's Book to Brand workshop</a> in NYC and get an early bird discount ($500)</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><em>*Recorded live at M.M. LaFleur in New York City on February 27th** </em></p><br><p>Farnoosh interviews <a href="https://mmlafleur.com/pages/our-story" rel="noopener noreferrer" target="_blank">Sarah LaFleur</a>, founder of the NY-based fashion brand, on how she pivoted the women's wear company during Covid, business lessons from her start-up days, the evolution of workwear, and more.</p><br><p><strong>More about Sarah: </strong>She founded <a href="https://mmlafleur.com/" rel="noopener noreferrer" target="_blank">M.M.LaFleur</a> in 2013 with a mission to help women take the work out of getting dressed so they can focus on what matters to them. Before founding M.M.LaFleur, she worked at Bain & Co. in New York and TechnoServe in South Africa. Sarah sits on the Advisory Council of the New York Federal Reserve and is a board member of the Downtown Alliance of New York City. Most recently, she is a Henry Crown Fellow within the Aspen Global Leadership Network at the Aspen Institute. She graduated from Harvard University. M.M.LaFleur is named after her mother, whom she calls her biggest inspiration.</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>With the business tax filing deadline fast approaching, today's show shares advice on simplifying the bookkeeping process. Guest Nicole Barham is the founder and CEO of <a href="https://designyourwealth.net/" rel="noopener noreferrer" target="_blank">Design Your Wealth</a> and creator of <a href="https://www.5minutebookkeeper.com/" rel="noopener noreferrer" target="_blank">5 Minute Bookkeeper</a>, which shows solo entrepreneurs how to do a whole year of bookkeeping in an hour or less. </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>

<p>Learn more about Farnoosh's private book workshop <a href="http://www.booktobrand.co" rel="noopener noreferrer" target="_blank">Book to Brand </a>here.</p><p>This week: Questions about how much is 'enough' to store in a checking account versus savings account, the pros and cons to 529 prepaid college tuition plans and should a listener sell her home if the equity can provid her family with more financial flexibility? </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>Career satisfaction is at an all-time low. Certified Professional Coach <a href="https://www.elianagoldsteincoaching.com/" rel="noopener noreferrer" target="_blank">Eliana Goldstein</a> offers advice on how to create more meaning and money in your career. </p><p>Check out Eliana's <a href="https://www.elianagoldsteincoaching.com/TCU-course" rel="noopener noreferrer" target="_blank">Career Upgrade Program</a> and use the code SOMONEY for $100 off. </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 did you learn about money growing up? What were the messages you received about money from parents, your friends, media and your culture? Our guest Giovanna "Gigi" Gonzalez is the author of <a href="https://www.amazon.com/Cultura-Cash-Managing-Finances-Expectations-ebook/dp/B0CQ6H9FTY" rel="noopener noreferrer" target="_blank">Cultura and Cash</a>, in which she shares her journey as the daughter of Mexican immigrants and the money scripts she needed top rewrite as an adult to claim financial security. </p><br><p>Gigi is a TikTok influencer, financial educator, who during The Great Resignation, quit her 10 year corporate career to pursue her true passion: teaching financial literacy to young adults. In our conversation she highlights some of the advice from her book <a href="https://www.amazon.com/Cultura-Cash-Managing-Finances-Expectations-ebook/dp/B0CQ6H9FTY" rel="noopener noreferrer" target="_blank">Cultura and Cash</a> on how to avoid some of the financial pressures from family and culture, and how to define financial security on your own terms. You can follow Gigi @<a href="https://www.tiktok.com/@thefirstgenmentor?lang=en" rel="noopener noreferrer" target="_blank">TheFirstGenMentor</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're comparing various financial products today. From target-date funds to index funds, CDs, High-Yield Savings Accounts, and Health Savings Accounts.</p><p>Special guest Georgia Lee Hussey, founder of Modernist Financial, joins with advice. Plus: Ways to effectively contribute to political causes during this election year.</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>From selling Girl Scout cookies to running multiple businesses, guest <a href="https://www.linkedin.com/in/stephjillcartin/" rel="noopener noreferrer" target="_blank">Stephanie Cartin</a> shares her lifelong journey as an entrepreneur. Today, she is the co-host of the <a href="https://podcasts.apple.com/us/podcast/entreprenista/id1441790895" rel="noopener noreferrer" target="_blank">Entreprenista Podcast</a> and the co-founder of <a href="https://entreprenista.com/" rel="noopener noreferrer" target="_blank">Entreprenista</a>, a media company and membership community, The Entreprenista League, dedicated to providing resources and support for women founders and leaders. She’s co-founded multiple companies, including the award-winning social media agency Socialfly, Markid, and Pearl Influential Capital. Stephanie offers strategies and advice for early-stage entrepreneurs on funding, mentorship, staffing and social marketing. Stephanie also shares how she and her husband manage money and caregiving at home. </p><br><p>Join Farnoosh and Stephanie at the <a href="https://somoneypodcast.us14.list-manage.com/track/click?u=2adc06a055f9b1efda9a6faac&id=b269ab8253&e=6e581d3dcb" rel="noopener noreferrer" target="_blank">Entreprenista's</a><a href="https://somoneypodcast.us14.list-manage.com/track/click?u=2adc06a055f9b1efda9a6faac&id=dd7acd890a&e=6e581d3dcb" rel="noopener noreferrer" target="_blank"> </a><a href="https://foundersweekend.entreprenista.com/" rel="noopener noreferrer" target="_blank">Founders Weekend: Wealth & Wellness</a> retreat at the Ritz Carlton in Orlando, FL. It's happening<strong> May 3-5, </strong>and you can <strong>get $150 off your ticket </strong>with the code <strong>Farnoosh150.</strong></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>

With just weeks until the 2023 tax filing deadline, this episode addresses some of the biggest mistakes filers make - some quite costly — and how to avoid them. Our guest is <a href="http://www.hannahcole.net/" rel="noopener noreferrer" target="_blank">Hannah Cole</a>, founder of <a href="https://www.sunlighttax.com/" rel="noopener noreferrer" target="_blank">Sunlight Tax</a>, and a a tax expert specializing in working with creative businesses and mission-driven solopreneurs. Hannah is also the host of <a href="https://www.sunlighttax.com/podcast" rel="noopener noreferrer" target="_blank">the Sunlight podcast</a>. We discuss the top mistakes she sees clients make, how to reduce your chances for an audit, and the 6-figures you may be leaving on the table if you delay contributing to your IRA before the annual deadline. <strong>Download Hannah's </strong><a href="https://www.sunlighttax.com/deductionsguide" rel="noopener noreferrer" target="_blank"><strong>free visual guide to your tax deductions</strong></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>