So Money With Farnoosh Torabi

Sophia Amoruso, aka THE GIRL BOSS, is a New York Times bestselling author and serial entrepreneur. In her latest venture, she’s going wheels up with a new program called Business Class, an in-depth online entrepreneurship course that covers the fundamentals of starting and scaling your own business. Registration started yesterday at takebusinessclass.com.It’s a course Sophia says she’s prepared to teach like no one else, thanks to her successes and failures running high-profile businesses. You may know Sophia as the author of the NYT bestseller GirlBoss, which chronicles her personal journey of dumpster diving, shoplifting…starting an eBay account and turning it into a clothing empire called Nasty Gal.Since then it’s been a rollercoaster of a timeline. Shortly after appearing on the cover of Forbes in 2016 as one the country’s richest self-made women, Sophia’s business NastyGal, the primary source of her wealth, filed for bankruptcy. Sophia moved on quickly, raising money to start her next business Girl BossM

I first came across Suzanne Somers in the summer of 1986, as I was watching reruns of the early episodes of Three’s Company with my mom in our living room in Massachusetts. I was 6 years old, maybe too young to be watching a sitcom BUT old enough to recognize and appreciate that the actress who played the bubbly Chrissy Snow was hilarious and captivating. Years later I would watch this actress reveal more than just her performing skills…but also her brilliance as a savvy business woman, serial entrepreneur, world-renowned health advocate and multi-bestselling author….Suzanne Somers is now 73 years young, and in the current chapter of her life, she is a leading voice on anti-aging. Her latest book - A New Way to Age - is now in paperback and it presents a revolutionary philosophy for a longer and better-quality life with easy-to-understand lessons and doctor interviews.Hear Suzanne discuss her storied career, getting fired from Three's Company and they keys to her 50-year marriage.More about Suzanne Somers is

Farnoosh Torabi answers listeners' questions related to retirement preparation, paying off student loans versus investing and dealing with a scarcity mindset that prevents you from spending money, even when it's a good idea. Plus, Farnoosh reflects on home ownership and the benefits to selling so that you can activate your home equity.

Nitiya Walker is a social entrepreneur who's paying it forward. Her foundation Seeds of Fortune helps minority teen girls apply for college scholarships, as well as teaches career and financial management skills. After personally benefiting from a full scholarship to college, Nitiya realized the power and freedom that comes with starting your adulthood debt-free. Seeds of Fortune has so far awarded over $8 million in grants to young women.More about Nitiya: She was awarded the 2018 Educational Leadership Award from State Senator Kevin S. Parker and the 2018 Clinton Global Initiative University Alumni Honor Roll. She was also 2016 Semi Finalist for the Forbes 30 Under 30 Change the World Competition, and invited to attend the 2016 White House United State of Women Summit. Upon graduating from Babson College, she was selected to participate in the competitive Viacom Summer Associates career, where she went on to launch her career working such prominent events such as the BET Awards.To learn more about scholarsh

The pandemic-recession continues to create bigger challenges for women. Today's guest Sarah Catherine Gutierrez, author of But First, Save 10 and founder of Aptus Financial, shares strategies that women can practice to protect their financial security today and in the future. Sarah hold an MPP from Harvard University and the CFP® and CRPS® designations. SC was recently recognized in the Investment News 2020 40 under 40 class of investment advisors.

In this week's Ask Farnoosh, Farnoosh answers questions from listeners regarding ways create a will and trust affordably, how to build a financial plan when you've just graduated from college and ways to convince a sibling to be more financially supportive of aging parents.

I've been cooking a lot more over the last six months and have discovered some incredible recipes from the spectacular Yumna Jawad, founder of Feel Good Foodie – a blog dedicated to sharing modern healthy-ish recipes with feel good ingredients. Yumna has a business degree from the University of Michigan and a background in Marketing and branding. She started micro-blogging on Instagram in July 2013 and eventually garnered over 2 million followers. She then launched the website to house hundreds of recipes, with a focus on healthy Mediterranean food. Her recipes and photos have been featured in Parade, Yahoo, BuzzFeed, Food Network Magazine, and Good Housekeeping. She was also named by US Weekly and SELF Magazine as a top healthy food blogger to follow and has appeared on national television on Live with Kelly & Ryan.Yumna and I discuss the behind-the-scenes of running a wildly successful Instagram business, how she plans to continue growing and the lessons learned about money and negotiating at a young age. P

Ali Katz is a personal finance expert, seven-figure entrepreneur, and lawyer who as made over a million dollars of financial mistakes in her life. Her experiences have helped her to establish a new way of thinking about money and steering one's financial life. She talks about the biggest mistakes we may be making with our money right now, why we need to change our thinking around debt, the pursuit of financial sovereignty and how to heal personal financial trauma in our lives.To learn more about Ali, visit www.thealikatz.com

We are focusing on all-things credit today, thanks to our friends at FICO.Earlier, I asked you to submit your top credit-related questions and we've rounded up many of them for this episode. From how to boost your credit score to confusion around how credit scores get calculated and how marriage can impact your credit...we have all the answers!Joining me to help tackle your questions is Joanne Gaskin, the Vice President of Scores and Analytics at FICO. She is responsible for the strategic direction of FICO’s scoring products and business partnerships serving the needs of the mortgage industry and led the FICO Mortgage Recovery Initiative launched in 2009. Joanne has more than 20 years of experience in banking and financial services. She led efforts to address some of the most important topics impacting the mortgage market today: regulatory compliance, credit risk management, data security and e-mortgages. She is a graduate of the Mortgage School of Banking, earning the Accredited Mortgage Professional Designa

(A replay)For many women, especially women of color, access to financial education isn’t as readily available. But our guest today is trying to change that once and for all. Today we’re welcoming the founder of Clever Girl Finance, Bola Sokunbi. Bola received an early lesson in money when her father became ill and had to stop working unexpectedly. The problem with this was that he had used up all of his money to send her three brothers to college and didn’t have any money left over for Bola to further her education.Luckily, it was her mother, who began as a home maker, who told her that she would pay for Bola’s schooling from the money that she’d set aside from her side hustles and entrepreneurial pursuits over the years. Because of her mother’s hard work, Bola was able to leave Nigeria, get an education and go on to found her own business, empowering women to be financially savvy.Her company, Clever Girl Finance has helped thousands of women, over the years, receive coaching and financial education they need

Can asking just three questions transform your relationship with money? Our guest today is called the father of financial life planning. George Kinder is a Harvard educated economist turned CPA, turned financial adviser. He’s known for revolutionizing financial advice for now 30 years. He’s trained over 3,000 professionals around the world in the field of financial life planning where he has three questions to help clients figure out what they value most and how to design their financial life around their values.He’s the founder of the Kinder Institute of Life Planning and his recent book is called A Golden Civilization and the Map of Mindfulness, drawing on 50 years as of mindfulness practitioner and over 30 years as a mindfulness teacher.George has been named one of the 35 most influential people in financial services.George’s website: www.georgekinder.comHis company website: www.kinderinstitute.comBook and Movement website: www.AGoldenCivilization.com

This week on Ask Farnoosh, listeners ask about how to accelerate net worth in the few, critical years before retirement, as well as how to ask for a raise if you work in a government job. Plus: pensions and investing in the stock market. Is it a 'good' time to be investing? CFP and founder of Modernist Financial, Georgia Lee Hussey joins the show as co-host.

(Replay from August 26, 2019) Daniela Pierre-Bravo has a lengthy roster of accomplishments: She is a booking producer for MSNBC’s Morning Joe and recently co-authored a book with Mika Brzezinski, providing straight-talking advice for millennial women in the workforce, entitled Earn It!But none of these opportunities were handed to her. Moving to the U.S. from Chile when she was a teenager, she found out she was an undocumented resident when applying for college...and, as a result, was unable to work, drive, or receive financial assistance for school.How she persevered is a story of grit, determination and optimism.Daniela became a Dream Act student and took the opportunity to side-hustle her way through school to graduate on-time and debt-free. That drive continued as she entered the workforce.Follow Daniela on twitter @dpierrebravo and on the Know Your Value website: https://www.nbcnews.com/knowyourvalue

If you’ve ever felt like budgeting just doesn’t work for you, my guest Kumiko Love can relate. Frustrated by traditional budgeting methods, she created her own technique to pay off almost $80,000 of debt in eight months. And this technique helped launch her business, The Budget Mom.A few years ago Kumiko was struggling to pay down her debt. As a single mom, she knew that she needed to get out of the cycle of making minimum debt payments each month, but she had tried and failed to stick to a budget numerous times. So, she created a method that she could actually stick to. She calls this her Budget by Paycheck method and as she was using it to get out of debt, she started a blog to share her journey. That blog has now turned into a business that just launched its first physical product, the Budget by Paycheck Workbook™.You can learn more about Kumiko on her website https://www.thebudgetmom.com/ and you can follow her on Instagram @thebudgetmom on Facebook @thebudgetmom

In this week's Ask Farnoosh, a discussion on the best places to store cash in a recession, collecting unemployment while on the Paycheck Protection Program (how does that work?) and a recap of Farnoosh's latest Bloomberg Opinion piece on why it's OK to spend money right now (with caveats.)

How to leverage video in today's world to grow your business, brand or career? How to stand out from the crowd and create compelling video on a budget? Kristian is a professional video content producer that teaches entrepreneurs how to incorporate video into their business and everyday life. He believes video is still an underused tool that can help businesses thrive (even in a pandemic). He started his career in TV commercial advertising. Soon after, he started his own business as a wedding videographer. After devoting years to the wedding industry, Kristian realized that his skills and business mindset could better serve the entrepreneurial market. His current projects include online course creation for clients and online consulting for people wanting to learn how to incorporate video into their business.Connect with Kristian https://www.linkedin.com/in/kristiangolick/Instagram: @Kristiangolickfilms

The pandemic has disproportionately impacted women in this country in terms of unemployment, stress and family care. Guest Lacy Garcia, founder of financial startup Willow, discusses the challenges and the long-term impact of the toll.Willow’s mission isWomen face a unique set of challenges when it comes to navigating life events and transitions such as divorce, loss of a spouse, career changes, family planning and finances and retirement – particularly in the new reality we find ourselves today. Women have been disproportionately impacted by the coronavirus pandemic. Prior to the pandemic, the unemployment rate for women was lower than for men. Now, it is the opposite. Women are bearing more of the burden when it comes to childcare, homeschooling and taking care of aging parents. More women’s longer-term career prospects are at risk as they are having to either leave or remain out of the workforce for longer. It is no surprise that the financial stress combined with quarantine is pushing many marriages to a

How to invest in a rental property when you're in a different country? Should you just ignore your federal student loans while the automatic deferment is in place? Is there any benefit to paying them down? And what about cash-out refis? Are they worth it? Farnoosh addresses the latest money questions from the So Money mailbag.

America is drowning in paper. If you stacked all the paper the average family uses in just one year, the piles would be as tall as a two-story house. And 43% of Americans categorize themselves as “disorganized.” Lisa Woodruff to the rescue. She is an organizational expert and author of THE PAPER SOLUTION: What to Shred, What to Save, and How to Stop It From Taking Over Your Life. Now more than ever, with the pandemic upon us, the need to have our paperwork organized is paramount. Lisa offers advice and free resources to help us all improve our relationship with paper. Check out www.organize365.com for Lisa's free emergency medical printables.

Myoshia Boykin-Anderson has had an incredible journey that led her to found her company AndTech Solutions in 2009. As a mother with no savings and no college degree, she was laid off from her corporate job and vowed to never put herself in that position again. Myoshia launched AndTech and it has grown into a seven-figure consulting firm providing custom application development and other technology services to some of the top organizations in the country. In our conversation, we discuss how, as a double minority, she overcame barriers to starting a thriving business in the field of tech, the inspiration born out of being a young, single mother and memories of her childhood classmate in Houston, Texas, George Floyd.