So Money With Farnoosh Torabi

Lindsey Pollak is a leading expert on the millennial generation and today’s multi-generational workplace. She’s often called a translator, advising organizations and individuals on how thrive in today’s unprecedented five generation workforce.People are working longer and years ago, we thought by now, that the baby boomers would all be retired, but many of them are still at it and working. Lindsey’s book, The Remix: How to Lead and Success in Today's Multigenerational Workplace, discusses how companies can thrive with these different generations and h ow to find common ground. Lindsay also discusses the financial transition she experienced growing up, her parents going from middle class to upper middle class, the perks that she experienced and the impact that had on her finances as an adult. Lindsey is a New York Times bestselling author of Becoming The Boss - New Rules for the Next Generation of Leaders and Getting from College to Career: Your Essential Guide to Succeeding in the World. She has spoken at Fac

In this week's episode, host Farnoosh Torabi tackles listeners' questions about making money moves in a relationship, purchasing life insurance when you're single and have no kids and where to invest small amounts of money.

Investing is not just for the wealthy. It is for broke millennials, too. We're welcoming back on the show my friend Erin Lowry, a personal finance expert. She started the crazy, popular blog called Broke Millennial years ago, as a way to share her own useful financial tips with her peers. The blog blossomed into a book by the same name, Broke Millennial: Stop Scraping By and Get Your Financial Life Together, which came out in 2017. After the success of that first book, Erin is now back this year with her second book called Broke Millennial Takes On Investing: A Beginner’s Guide To Leveling Up Your Money. It just came out. In many ways, this book complements the first, which is all about helping millennials level up and realize that investing can be simple, it can be done, it's approachable, it's fun, all the things. Such a needed book, because I know a lot of you have questions about where to begin when it comes to investing; what stocks to pick, where to put your money, 401K versus IRA, Roth IRA versus tradi

Our guest today is Alex Banayan, who grew up in Southern California. The son of Iranian immigrants who had financial struggles and wished for Alex to experience a better life. And while he didn’t quite meet their initial expectations. (like many Iranian parents, he was encouraged to become a doctor, a lawyer, an academic), the 26-year-old has today accomplished more than many do in a lifetime. Frustrated at school and tempted to venture on his own to discover the secrets to success, he dropped out and embarked on a quest to interview some of the most accomplished and most difficult people to reach, Bill Gates, Quincy Jones, Maya Angelou, many more. Their conversations and Alex’s own coming of age story and how he managed to score these interviews are in his book, The Third Door: The Wild Quest to Uncover How the World’s Most Successful People Launched their Careers. How did Alex land these interviews? What’s the meaning of the third door? And how did winning the price is right contribute to all of this? We’re

Guest co-host Lily Chen joins Farnoosh on this week's episode of Ask Farnoosh. Lily is a medical doctor and podcast host from Sydney, Australia. She is also the host of How To Win Friends & Influenza, a quirky medical podcast that dispenses awesome life advice with minimal mention of Dale Carnegie.Questions this week: How can I get my 401k rebalanced if I don't use a financial advisor? How to invest $50,000? And how to support my niece in college without making her financially dependent on me?

Who wants to hop off the I’m so busy train? It is possible to have a thriving career without feeling burnt out. It’s possible to raise your kids without feeling like you aren’t doing enough, according to our guest Kate Northrup who just released a book called Do Less: A Revolutionary Approach to Time and Energy Management for Busy Moms. Kate was initially on this show about four years ago, discussing her first book, Money, A Love Story, which has been translated into five languages. Do Less is her second book and it’s really a reflection of all of the things that she has learned now as a business woman and as a mother to two children. Her book offers women 14 experiments that they can try to eliminate their overwhelm and respond to the never-ending tasks and responsibilities that we face every day. We’re going to learn how to loosen the grip, surrender control and perfect the art of allowing. To learn more about Kate, you can visit www.katenorthrup.com. She’s also on Twitter and Instagram @katenorthrup .

Ida Rademacher is the Vice President at the Aspen Institute, as well as the Executive Director of the Aspen Financial Security Program. The Aspen Institute is an educational and policy studies organization based in Washington DC, Through Ida's work she tries to create nonpartisan solutions to improve financial challenges that are facing households in America. Ida is also in charge of shaping policy about ways to improve financial security and financial wellbeing. We discuss the current state of student loans, how her programs are actually moving the needle when it comes to promoting financial wellness, and the financial lessons Ida learned riding horses. Learn more about The Aspen Institute here 

Guest host Christina Hamati joins Farnoosh to answer listeners' money questions. Christina is an avid listener. She works at a Fortune 100 financial firm as a consultant on various advanced financial planning concepts. She is in the midst of achieving her CFP designation.  Questions we tackle:I've heard it's better to put money in your IRA than pay down your mortgage. What do you think?Any advice for a 34-year-old who is just now taking her finances seriously? Tips? Books? When is the best time to liquidate a mutual fund for a big purchase? Is 5 years to soon?How to juggle career and family when husband is out of town?

Today’s guest is more familiar with The Millionaire Next Door than anyone else. She is Sarah Fallow, the daughter of the late Thomas Stanley, the book's author. Sarah is the Founder and President of DataPoints LLC, a company that provides scientifically validated, automated behavioral finance tools to the financial services industry. As the 20th anniversary of The Millionaire Next Door drew nearer, Sarah worked with her father to do research and development for an updated version of the book. With her psychology and data background and his extensive experience researching millionaires over his career, together they created an outline for what would become a book entitled The Next Millionaire Next Door. Today we’re going to talk to Sarah about her and her late father's findings. What’s changed when it comes to the behavior of millionaires and what can we learn from them? Also, what was it like growing up with Thomas Stanley and how does she hope to carry on his legacy?  To learn more about Sarah Fallow, please

Do you want to come play with the money? We are in conversation with Stacks House co-founders Kindra Meyer and Patience Ramsey. Really excited to announce that tickets are on sale currently for our Los Angeles arrival. You can purchase tickets at stackshouse.com/tickets and I have a special discount for SO MONEY listeners…Use SoMoneyStacksLa for 20% off your ticket. We’ll be opening doors on April 17th and we'll have a limited run in the City of Angels and the plan is to travel the country.What better way to go behind the scenes of the why and the how and the what of Stacks House than to invite my cofounders Patience and Kindra to So Money.  I met these two ladies back in the summer of 2018. They invited me to come and learn about their plans to launch a major company called She Stacks, which is all about supporting women in their endeavors to become a financially independent and close the wealth gap. Stacks House is the first of many offerings from She Stacks.If any of you ever been to the Museum of Ice Crea

This week's episode tackles questions related to earning more money and managing guilt around spending. Check out www.somoneypodcast.com for the transcript. You can always send me your money questions on Instagram @farnooshtorabi. 

If your partner died today, would you have your shit together? Today’s guest is Chanel Reynolds. She’s the author of the brand new book What Matters Most: The Get Your Shit Together Guide to Wills, Money, Insurance and Life’s “What-Ifs.” After Chanel’s husband passed away unexpectedly, she realized she had no idea how to access any of their financial documents. She didn’t know how to pay her mortgage. She didn’t even have the password to his phone. And, as she was in the middle of the worst moment of her life, she couldn’t help but think that there must be other people out there who were just as unprepared as she was.She started writing about her experiences on her website aptly called Get Your Shit Together. What followed was tons of website visitors, mentions in the medias, and hundreds of stories from people who, much like her, were unprepared for life’s most brutal moments.Although she never expected to be in this position, Chanel has used a tragedy and has used it as a tool to help others be more prepare

We are in conversation today with one of the top financial journalists in the country. We have Chris Taylor on the show. He’s an award-winning journalist, senior money correspondent at Reuters Money and contributor to Fortune and cnbc.com. We’re talking about his money perspectives. This is his first podcast interview. I didn’t know this until we wrapped, pretty flattered, and the lessons he’s learned from interviewing some of the world’s biggest money minds.   We talk about why Chris considers Jack Bogle, founder of Vanguard who recently passed away, to be one of the greatest financial role models of all time, as well as Chris’ dedication to writing handwritten thank you cards daily and the current state of financial journalism. Where’s the media world headed? Follow Chris on Twitter @christaylor_nyc

This week's question touch on ways to financially supporting parents in their retirement, how to set up a Roth IRA, deciding whether to take a lower paying job and factors that impact our credit scores.  Special co-host is Morgen Rochard, founder of Origin Wealth Advisers, an independent, fee-only practice dedicated to helping young families and professionals align their finances with their life goals. She is also the founder of Money Owners, a financial and executive coaching practice, helping clients create their mindsets around money, career and building businesses. In both her businesses, Morgen encourages clients to live how they want to live, be who they want to be, and achieve what they want to achieve with their money. Morgen is also a CERTIFIED FINANCIAL PLANNER™ and a Chartered Financial Analyst.

One of the most financially fragile demographics in this country is women who have none prime credit scores. They are a part of the new middle class and these are women who experience challenges unlike many other parts of the population because they are often mothers, caretakers to elderly relatives, and the people in charge of their households. Their financial wellness matters to many people in their families and in their communities.  We’re tackling this important topic today and our guest is spearheading research to better understand and help these women and all members of the new middle class. Jonathan Walker is the Executive Director of Elevate's Center for the New Middle Class. There he conducts research to better understand the behaviors, the attitudes and challenges of America’s growing “new middle class”. We discuss what is the new middle class, what are the specific challenges that they have, and how is the new middle class forming and shaping our country’s economics. Follow Elevate’s Center for the

Our guest today discovered her love of money, courtesy of her quarter-life crisis. Kara Perez is the founder of Bravely, which she started in 2017. At that time, she was in the midst of what she calls a quarter-life crisis. She was broke, saddled with student loan debt, she had no career direction. She realized that what was holding her back was her lack of financial knowledge. She buckled down and paid over $25,000 worth of debt on a $30,000 salary. Today, her online site Bravely shares hopeful financial steps. Kara also speaks across the country about personal finance. Kara and I discuss some of the steps that women and men and society need to take in order to achieve things like gender wage equality, financial literacy for all and how she herself managed to work her way to financial freedom. Learn more about Kara Perez by visiting BravelyGo. Listen to her podcast and follow her on Instagram @ByKaraP.

On International Women's Day, Farnoosh invites financial expert Megan Gorman to co-host. Topping the list of questions: how to save for retirement and the benefits of the almighty Roth IRA.More about Megan: She spent her entire career working with high net worth individuals and families on their entire financial picture.  An attorney by training, Megan’s passion about personal finance is all about the complex problem solving required to work with sophisticated clients especially in the areas of tax and estate planning.To learn more about Megan, check out www.thewealthintersection.com and be sure to follow her on Twitter: @wealthintersect and Instagram @thewealthintersection.com.

Tonya Rapley is the millennial money expert and creator of the award-winning site, My Fab Finance. In 2014 she was deemed the “New Face of Wealth Building” by Black Enterprise Magazine and featured as their cover subject.  A millennial herself, Tonya’s mission is to help millennials break the cycle of living paycheck to paycheck so that they can become financially free and do more of what they love. She is the creator of the #BanishTheBalance challenge, a debt elimination challenge that helped over 4,000 participants pay off more than $200,000 of debt in sixty days.Selected by TV One as a modern day history maker, Tonya is a full-time entrepreneur and tours the country providing workshops for private and nonprofit clients. Her client list includes Fidelity Investments, Prudential, the National Endowment for Financial Education and FinCon ( the financial blogger's conference). Tonya has spoken at Bloomberg, Essence Fest, Millennial Week, PepsiCo, the Blogging While Brown Conference, BlogHer, Circle of Sisters

We're unpacking some of the real reasons, the real issues behind why women struggle to achieve financial independence. My guest today is the one and only Rachel Rodgers. She is as her bio describes, 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, when she realized that changing the world is easier when you have some cash in your bank account. She decided to build a million-dollar business and then teach other women how to do the same. In fact, she talks about on the show today how you can't really be a feminist if you're broke. Rachel is also the creator of the Million Dollar Badass Podcast. Got to listen to that. Fasten your seatbelts, diving into motherhood, money and making it work, all while refusing to apologize. Learn more about Rachel by visiting her website www.helloseven.co and follow her on Instagram @RachelRodgersEsq

Co-host Allison Task, coach and author of Personal Revolution joins Farnoosh to answer your top money questions related to real estate, life insurance, long-term care insurance, credit scores and starting a podcast. Note: Farnoosh misheard the listener's question related to long-term disability and thought she asked about long-term care, to clear any confusion.