So Money With Farnoosh Torabi

According to the National Bureau of Economic Research, 15.7% of NFL players have filed for bankruptcy within twelve years of retiring. A Sports Illustrated article reports that 78% of NFL players and 60% of NBA players face major financial challenges post retirement.Dominique Stapleton is not only a sports agent, she is a financial educator to her clients who desperately need literacy and guidance. After working with athletes on their money for a few years Dominique wanted to offer her clients more. This year, she became a Certified NBA sports agent and vows to be the bridge between athlete success off and on the field.

We welcome entrepreneur Rachel Rodgers back to the show to talk about how business owners can go beyond the traditional lip service of "supporting" supporting Black Lives Matters and actually serving as Allies and practicing anti-racism within their companies.Rachel is a woman of color, a mother of four and a seven-figure business owner — in that order. Rachel started her career working as a lawyer with nonprofits, federal judges and Hillary Clinton.Rachel is founder of Million Dollar Badass, a high-level Mastermind for women looking to take their businesses from 6 to 7 figures. She firmly believes all women should desire to become millionaires – because of the profound impact a woman’s money can make on the world.Learn more about Rachel at HelloSeven.co

A new Northwestern University study based on data from the Federal Reserve estimates that on average for every dollar of accumulated wealth that white families have, many black families have just one cent. Our guests Talaat and Tai McNeely, founders of His and Her Money, are on a mission to help change that quotient.The McNeely's are Financial Educators and co-authors of Money Talks: The Ultimate Couple's Guide To Communicating About Money. They are also the hosts of the top-rated podcast, "The His and Her Money Show" and creators of Power Couples University. Talaat and Tai McNeely (His and Her Money) have been featured in numerous publications such as Black Enterprise, FoxNews.com, MSN.com, Essence, and Business Insider.We discuss:How and why they paid off their mortgage in 25 years.As parents, the conversations Talaat and Tai are having with their three kids regarding money and race. And should personal finance get political? What does that even mean? To learn more visit the following sites:The McNeeley's W

Today’s guest is my former editorial assistant and right hand guy, Donovan X Ramsey, who first appeared on the show in 2015. As a friend and accomplished journalist focusing on the topic of black identity, politics and patterns of power in America, I wanted to catch up with Donovan for my #BlackWealthMatters series.Key takeaways from our interview:How Donovan's upcoming book, When Crack Was King, chronicles the 1980's and 1990'se pidemic, its misperceptions and the way policing changed during those years.Donovan's own experiences with racial discrimination in graduate school and beyond.The truth about what publishing pays. Donovan and Farnoosh disclose their book advances.More about Donovan: He is called "an indispensable voice on issues of racial identity, politics, and patterns of power in America," by American culture critic Rich Benjamin. Donovan's commentary on racial politics during the Obama era has been featured in The New York Times and his reporting and commentary on the criminal justice system have

Stephanie Vaught, J.D. is a Gen X Financial Coach and Founder of Social Money Finance, LLC. Her company specializes in teaching effective money management and helping people build a life they love.Stephanie was born and raised in Detroit, MI. She attended Detroit Public Schools and received a B.A. from Michigan State University in 2000. In 2007, Stephanie graduated with a Juris Doctor and concentration in Litigation from Thomas M. Cooley Law School. She has spent most of her professional career in law and community advocacy.In 2009, Stephanie developed a profound interest in personal finance – mostly based on the need to manage her own household and entrepreneurial endeavors. In 2015, Stephanie made a career shift and became a certified financial counselor. She began working with a financial nonprofit counseling and educating thousands of people across the country about financial literacy and helping them to reach their personal financial goals. In 2018, Stephanie decided to take her financial knowledge coupl

Queen Latifah made her first big splash onto the music scene at age 19, with the release of her hit rap single “Ladies, First.” For the next three decades, the Newark, New Jersey native would go on to build a multi-faceted and dynamic career as a musician, actress, producer and philanthropist, blazing a trail for other Black female artists. I recently sat down with Queen during her press tour for The Queen Collective, her latest endeavor which provides opportunities for women of color in film to tell stories from their viewpoint. The mentoring and development program, in collaboration with Tribeca Studios and Procter and Gamble, selected two winners this year and their projects will premiere on BET Networks, Saturday, June 13th at 9:00 p.m. ET. In our conversation, she shared some of the financial lessons experienced while growing up and building her business, as well as her ideas on how we can promote more equality in the workplace and close the racial wealth gap.   

Dr. Nicole Garner Scott is the Atlanta-based founder of Amount Financial Services. She is dedicated to creating financial breathing room for households of underrepresented communities. She has created wide-scale programs to empower others to change their financial trajectories, focused on legacy building and generational wealth. Dr. Scott is a sought-after speaker and received an honorary doctorate for her work in business from the Obama Association. Together we explore some of the historical barriers to wealth that have continued to be road blocks for people in the Black community, as well as how the financial expert community can be more sensitive and mindful when offering advice.To learn more about Dr. Scott, please visit www.amountfinancial.com.

Continuing our Black Wealth Matters series with Minda Harts, founder of The Memo LLC, a career development company for women of color, and author of The Memo: What Women of Color Need to Know to Secure a Seat at the Table. An Assistant Professor of Public Service of NYU’s Robert F. Wagner Graduate School of Public Service, she is also a sought-after speaker on the topic of workplace diversity and inclusion. She lives in New York City.In The Memo, Minda provides a roadmap for women to not only navigate but change the system that they are working within. And she makes it clear that yes, the discrimination you are feeling, those microaggressions, they are real — and we need to acknowledge them so we can change our reality.

Over the years many outstanding Black individuals who fought racism and oppression to achieve personal wealth and career success have graced my podcast. For the next 10 episodes - from today June 3rd through June 24 - I’ll be re-sharing and re-amplifying some of their voices and work, their stories of resilience, hard work and triumph. I’m calling this series BLACK WEALTH MATTERS. I announced this on Instagram earlier in the week. It is my small way of contributing to this human rights issue of racial equality. It’s the quickest action I know to take that would hopefully have a meaningful impact...to get us to unlearn, re-evaluate and better understand what it means to be a Black person in this country while trying to establish personal wealth. Thank you to everyone who responded to my announcement with guest recommendations for Black Wealth Matters. I’ve taken them all into account and keeping a folder and hoping to work my way to speaking to all of them - if not this month - in the coming months. Please kee

From how to spend the stimulus check to mortgage forbearance and rent negotiations, Lauren Silbert, VP and General Manager of personal finance website TheBalance.com shares some of the top searches on the site - and answers to people's biggest money questions.More about Lauren: She was named a “Corporate Champion” in Folio Magazine’s 2019 Top Women in Media Awards. She also appears in print, broadcast and streaming media as a personal finance and careers commentator and expert. The Balance makes personal finance easy to understand. It is home to experts who provide clear, practical advice on managing your money. Whether you’re looking to invest, buy a home, save for retirement, or achieve another financial goal, The Balance will answer your questions with straightforward personal financial advice.

This week's Ask Farnoosh covers more real estate ground, as well as questions about investing for retirement. Farnoosh also shares her homebuyer checklist for anyone interested in purchasing a home this year.

Sticking with the week's theme of real estate, Tracy Tutor, star of Million Dollar Listing Los Angeles, joins the show with details of the behind-the-scenes housing activity in the Los Angeles area. Tracy is a mother, entrepreneur and Real Estate agent with over 15 years of experience. She can currently be seen on the 12th season of Million Dollar Listing LA - the first and only female in the cast! In her new book, Fear is a Four-Letter Word, provides a go-to manual for women who struggle to convince people they're in charge. She shares intimate details from her early years struggling to break into the cut-throat industry and a recent success that helped seal a deal that nobody thought could be won.

Real estate expert Ilyce Glink answers all of our top questions about buying and selling in the current market. How has the pandemic impacted housing prices and is now a good time to buy?This episode originally aired on May 6, 2020.

This week Farnoosh welcomes back financial advisor and founder of Modernist Financial Georgia Lee Hussey to answer listeners' questions including: Should I change my investments? What's the right price for a pre-nup? Should I ask for a raise? How can I move up in my career right now?

For many, 2020 will be characterized as the year of survival. Our guest Tom Corley, CFP, offers financial advice to help us keep head above water as we navigate all the uncertainties.Tom Corley is CPA, CFP, holds a Master’s Degree in Taxation and is a bestselling/award-winning author. His books include: Rich Habits, Rich Kids, Change Your Habits Change Your Life, Rich Habits Poor Habits and Effort-Less Wealth - Smart Money Habits at Every Stage of Your Life. Tom has appeared on or in CBS Evening News, The Dave Ramsey Radio Show, CNN, MSN Money, USA Today, The Huffington Post, SUCCESS Magazine, Money Magazine, and many other media outlets and podcasts in the U.S. and 27 other countries. Tom is a frequent contributor to Business Insider and CNBC.

We are experiencing grief in all forms these days. Whether it's grieving the loss of a loved one, the loss of connection with others or the loss of a job and financial grief...Navigating a tremendous loss is one of the hardest things in life. My guest Sarah Nannen helps us find our way through and offers a new way of thinking about grief that may leave us far more hopeful and at peace.Sarah Nannen is a transformation teacher and guide as well as an author, speaker and podcast host. She became a military widow and solo mother of four in 2014 when an aviation accident claimed her husband’s life. Her journey through grief informs her renegade work with those navigating painful life transitions who seek to live extraordinary lives. She’s devoted her career to teaching sustainable well-being and a new paradigm of deep, systemic integration of mind-body healing, with a specialization in grief and trauma support and recovery. Sarah is the founder and co-owner of Renkon Yoga Studio, a community-focused studio rooted

Should I offer to voluntarily quit my job right now? Should I save more or invest? And what are some good personal finance resources for teens? Farnoosh addresses listeners top money questions.

LYDIA FENET knows how to drive a negotiation and ask for what she wants - something that may feel challenging to do right now. As Global Managing Director, Strategic Partnerships and Lead Benefit Auctioneer at Christie’s Auction House, Lydia has led auctions for more than six hundred organizations and raised over half a billion dollars for nonprofits globally.She was named one of New York’s most influential women by Gotham magazine and has been featured in the New York Times, The Wall Street Journal, Forbes and Crain’s, and has appeared in Vogue, Harper’s Bazaar, Vanity Fair and Town & Country. She is the author fo the widely acclaimed book, ‘The Most Powerful Woman in the Room is You.'Learn more about Lydia at LydiaFenet.com

Exploring the future of college and millennials, as well as the trickle-down impact of the $2 trillion stimulus on corporations, individuals and the economy. What will the college experience look like and how much will it cost? What is the opportunity for Millennials right now, as they grapple with how to add value and become financially secure in the years to come?Guest Scott Galloway is a Professor at the NYU Stern School of Business where he teaches brand strategy and digital marketing. He is also the co-host of Pivot, a podcast produced by Recode and Vox Media.More about Scott: He was named “One of the World’s 50 Best Business School Professors” by Poets & Quants in 2012. He is the founder of Red Envelope, Prophet Brand Strategy, and L2 Inc., acquired by Gartner (NYSE: IT) in March 2017. Scott’s books The Four (Portfolio Penguin, 2017) and The Algebra of Happiness (Portfolio Penguin, 2019) debuted on The New York Times and Apple bestseller lists. Scott has served on boards of directors including The New Y

The latest questions from listeners include how to manage finances post-divorce (and during a pandemic), paying down student loans with varying interest rates and how to bring up the concept of a prenup to your partner. Plus, Farnoosh shares behind-the-scenes and insights into her latest experience buying a home and moving in these strange times.