So Money With Farnoosh Torabi

Jeremy Schneider is a NextUp honoree and a successful entrepreneur. He began an internet company in college and sold it at the age of 34 for over $5M. He retired at 36, and began dedicating his life to teaching personal finance. He founded Personal Finance Club, a community of champions of the individual investor who help further financial education. You can follow him on Instagram.

Ellie Diop is a NextUp Honoree, representing one of the new, influential voices in personal finance.After being laid off from her job, Ellie used her $1,200 stimulus check and years of experience in sales, marketing, and leadership to start the Ellievated Agency. In less than a year, she scaled the business to multiple 7-figures. Her mission is to educate women on how entrepreneurship and financial literacy can be used to create generational wealth. Ellie has been featured in various publications internationally, including Business Insider, Black Enterprise, Univision, Entrepreneur, The Sun, La Noticia, and more. You can find her on social media at @ellietalksmoney.

Farnoosh is under the weather and her voice isn't so hot, so the episode is a replay today. BUT, she did manage to record a fresh intro and pick a reviewer of the week!Check out the latest Hot Mic on How to Befriend Your Financial Fears.In this episode: Audience questions related to baby delivery costs, how to afford maternity leave when you're self-employed, how to choose a 529 plan and how a 401(k) rollover works. Also: Should one family sell their home and move if they don't like the school district in their town?

A new generation of voices is talking about personal finance in a more relatable way. NextAdvisor has just unveiled its NextUp list of the top 25 new thought leaders in personal finance who are centering stories and backgrounds that traditionally have been underrepresented. They come from groups that have had less access to financial information and resources. They are represent a more inclusive future for money. Editor-in-Chief Adam Auriemma joins with the behind-the-scenes. And over the next few weeks, we'll be featuring a member of the NextUp List. Stay tuned!NextAdvisor is owned by the same parent company as CNET.

Learn how Jacent Wamala paid off more than $90K in student loans and credit card debt in three years. All this after getting divorced from her high school sweetheart and losing her father months later.More about Jacent: She is a Licensed Marriage and Family Therapist turned Money Mindset Coach and the founder of Wealth & Wellness University. Millennial women of color hire Jacent for her expertise and been there, done that guidance and support to write the best financial chapters of their lives. They discover how to overcome debt, save, create additional income streams and achieve life-changing financial freedom.Learn more about Jacent: Website, Instagram, Podcast

On this week's Ask Farnoosh, listeners ask about credit card pay-off strategies and why, no matter how much savings they build, they feel financially insecure.Join Farnoosh's weekly newsletter and receive a free gift: https://www.cnet.com/so-money/

Learn how Bernadette Joy paid off a whopping $300,000 of debt in three years and grew her first $1 million of net worth in her thirties. She founded the Crush Your Money Goals® Academy for those overlooked and underestimated by traditional financial services. 

Guest Tara Falcone, CFA, CFP®, is the Founder and CEO of Reason, a goal-based platform that helps people save and invest for specific goals in a more organized, intentional way. Tara grew up in a low income family, became mostly financially independent at age 14, and attended Yale on a full scholarship. After graduating in 2011, she began her finance career as a hedge fund analyst in New York City. It was there that her passion for investing was ignited, as was her desire to share that passion with others.**Special Download Link for So Money listeners** https://reason.onelink.me/UehB/somoney 

This Friday: Benefits of a financial adviser, managing savings ahead of buying a house, FAFSA fun facts and a crazy but true strategy for affording a pricey prescription not covered by insurance.More from Farnoosh:Farnoosh's New Hot Mic column https://www.cnet.com/personal-finance/what-my-iranian-parents-taught-me-about-financial-autonomy-and-creating-luck/Sign Up For the So Money Newsletter https://www.cnet.com/so-money/

Do you run a successful creative business, but aren’t sure how to best manage your own finances?  You’re hitting your earnings goals but don’t have much in personal savings? Guest Sarah Becker, creator of Becker Talks Money, brings strategies and advice to the show.

Are you a service industry professional? Do you earn tips? Are you sick of living shift to shift and ready to take control of your money and your life? Guest Barbara Sloan is the author of Tipped: The life changing guide to financial freedom for waitresses, bartenders, strippers, and all other service industry professionals. She offers strategies for workers who want to create a more sustainable career path in the service industry and create financial independence, despite fluctuating pay and a lack of benefits. To learn more about Barbara visit https://www.tippedfinance.com/

Listeners ask about proper asset allocation, the basics of annuities, the best budgeting resources and the pros and cons of home equity loans.Read Farnoosh's latest Hot Mic column on FIRE FOMOSubscribe to her newsletter: https://www.cnet.com/so-money/

If you think you're bad with money, lack financial literacy or have money shame, the underpinning of your challenges may be that you have trauma with money or financial trauma. Guest Chantel Chapman is a co-founder of The Trauma of Money, a program that certifies professionals to learn how trauma impacts the mind, and, in turn, our relationships with money and financial wealth. 

Central to his campaign promise, President Joe Biden announced a plan to cancel at least $10,000 in student loan debt for millions of borrowers, as well as $20,000 to Pell Grant recipients. The program is expected to mostly support working and middle class borrowers. About 75% of the benefit will go to households earning $88,000 or less per year, according to the Penn Wharton Budget Model analysis. But how will it impact the country's racial wealth gap? Guest Jean Lee is President and CEO of the Minority Corporate Counsel Association, an advisor on DEI to C-suites across corporate America.  As an immigrant woman of color with a background in social work and corporate law, the professional has always been personal for Lee. A fierce advocate for her individual and institutional clients, she now champions systems-level change to create greater opportunities for those who, like her, are building careers in defiance of the status quo. Learn more at https://mcca.com 

On this week's Ask Farnoosh: reflections on protests in Iran, the strange silver lining to this looming recession, stay-at-home parenting, friends that push multi-level marketing products and how to run a cash-only budget.Want more articles and videos by Farnoosh? Check out www.cnet.com/somoney.Read Farnoosh's Hot Mic article on stay-at-home parentingSubscribe to her weekly So Money newsletter for the latest updates and a free gift!

The Federal Reserve is expected to raise interest rates today. How will that impact our wallets and the threat of a recession? Our guest is Magdalena "Maggie" Johndrow, Financial Advisor & Managing Partner of Johndrow Wealth Management.Get more of Farnoosh's articles and sign up for her weekly CNET So Money newsletter:https://www.cnet.com/so-money/

How to know if your spouse is committing financial fraud or financial infidelity? What should every spouse, especially stay-at-home partners know about their family finances? How to prepare for a divorce so you're not left financially vulnerable? Guest Tracy Coenen, CPA, is a forensic accountant, who's investigated hundreds of frauds in a wide variety of industries, including cases of embezzlement, financial statement fraud, investment fraud, divorce, and insurance fraud. She has also served as an expert witness in numerous cases involving damage calculations, commercial contract disputes, shareholder disputes and criminal defense.Check out Tracy's Divorce Money Guide https://www.divorcemoneyguide.com

In this week's Ask Farnoosh episode: Advice for borrowers who made payments during the federal loan payment pause on how to get a refund, investing in real estate as a beginner with kids and expenses and getting over the inflation blues. Plus: When will interest rates go up again? Is it going to get more difficult to afford buying a house this winter?

The media is all abuzz about this not-so-new phenomenon called “quiet quitting” where you set boundaries at work. Career expert and author Ashley Stahl joins with advice on how to navigate overwhelm at work and effectively communicate with your boss to regain the balance you seek at work. Also: Why being passionate about your job is overrated.

We're exploring attachment styles -- the emotional patterns we learn in childhood -- and the role they play in how we relate to money in our relationships. Why are you attracted to your opposite and how can couples with different relationships with money reach common ground? Our guest is NYC psychotherapist Marc Sholes, author of Reset Your Romantic GPS: Why You Steer Toward the Wrong Partners and How to Change for the Better.