So Money With Farnoosh Torabi

We are rounding out our series today with a Penn State grad, a fellow Penn State grad. I didn't know he was a Penn State grad until after we booked him, but very excited to introduce all of you to Jeff Johnson. He is a millionaire next-door at the ripe age of 37. He and his wife, Amanda follow disciplined, pragmatic and balanced financial behaviors, and they've acquired a net worth of more than a million dollars. They simply live a rather modest lifestyle in a two-bedroom townhouse in New Jersey, they enjoy the simple life experiences with their family and friends. Jeff and Amanda met while they were at Penn State University, similar to my husband and I. After graduating, they had a five-year long distance relationship. Amanda actually completed her doctorate of Clinical Psychology during that time frame and during the relationship while they were long distance, they had become each accustomed to certain conservative spending habits that they now continue to follow during their marriage. It's really nice to f

Welcome to the fourth episode of Millionaires Next Door! Today I’m chatting with Julie Rains, a freelance writer specializing in investing and mortgages from North Carolina! She has a finance degree from UNC Chapel Hill and has had experience working in financial analysis and accounting for Fortune 500 corporations, as well as personal experience in stock investing and paying off a mortgage.She shares her financial advice based on her own experiences and expertise on her blog Investing to Thrive, and she’s joining to today to tell us how she and her husband became millionaires.

Welcome back to So Money. I'm your host Farnoosh Torabi. Thanks for joining me. Doing something special this week. If you've been listening since Monday, you know it is millionaire's next door week. Dedicating the week to people across the country, in some cases across the globe, who are millionaires and you wouldn't really know it. They're frugal, they save their money wisely, they don't buy material things necessarily, they have sacred financial philosophies and we're gonna learn all about it this week. So inspired to introduce today's couple, we have a couple on So Money today. Jeremy Jacobson and Winnie Tseng. They run the personal finance blog Gocurrycracker.com. They are two normal people from lower income families, chasing the American dream, until they realized, you know what? The chase wasn't making them so happy. They sold their house, they sold their car, and started saving 70%, or more than 70% of their combined income. And in a short 10 years, while still in their 30's, they became financially in

Today is the second installment of the “Millionaires Next Door Series,” with another great guest Luann Abrams from Bend, OR. Two years ago she and her husband hit the $1mil mark, and are almost 2/3 of the way to the second million already! She is a former aerospace engineer, and is now a stay at home mom (but has a few side-hustles). And now that the couple has made it this far, her husband will be quitting his job soon to be a part of a start-up. He wont be making a salary for some time…So how are they going to manage?

We’re kicking off ‘Millionaire Next Door Week’ on So Money today.  We’ve been revving up for this spectacular week for some time, I’ve been enlisting your help to either nominate yourself or people you know and excited to say that we received many more entries than we could record for this first week…But perhaps we’ll do a second week later in the fall. So many nuggets of wisdom to share… Our first guest is Darrow Kirkpatrick, the author of Retiring Sooner: How to Accelerate your Financial Independence and who runs the blog Can I Retire Yet? And the answer for Darrow, at least is, YES. He, in fact retired when he was 50 years old with over a million in the bank. You wouldn’t really know…He has a modest home, rides his bike most places…And when I visited at his home a few years ago on a story for Yahoo News, I don't recall seeing a TV in his living room. Darrow graduated from the University of Virginia with a degree in Civil Engineering. He started and sold his own business…After 29 years of programming, desig

In today's episode of Ask Farnoosh I answer your biggest questions about rewards credit cards, paying off loans, saving for retirement, financial issues with your partner and credit scores.

In today's episode of Ask Farnoosh I answer your biggest financial questions about creating money boundaries with family, rebuilding credit, real estate, crowdfunding, how to invest your inheritance, 401(k)s, pre-nups and compound interest.

Today's guest is Ryan Holiday. I had this wonderful guest on earlier this Spring and Ryan is a thought-provoking media strategist, bestselling author of three books, and he's not even 30 yet - I'm so jealous! Most recently his very successful books is called, The Obstacle is the Way: The Timeless Art of Turning Trials into Triumph. He has been responsible for a number of manipulative stunts and media controversies, and has been accused of being a "media manipulator" which he writes about in his first book Trust Me, I'm Lying. And he’s only 27 years old! After dropping out from University of California at 19 to apprentice under Robert Greene, author of The 48 Laws of Power, he went on to advise many bestselling authors and multiplatinum musicians, including 50 Cent and Tim Ferriss, whom I had the honor of interviewing earlier this year (check out episode 60).Ryan also served as Director of Marketing at American Apparel for many years, where his campaigns ended up being used as case studies by Twitter, YouTube,

Today’s guest has a really interesting story and is a woman after my own heart, helping young professionals navigate debt while teaching financial independence and what it means to be “financially fit.” Shannon McLay is a financial planner who left a stable job at a traditional financial services firm to start her own company, The Financial Gym. She felt that all traditional financial services firms did not offer the proper tools or resources to help young people in their 20s and 30s who are looking to build assets while also managing debt. Shannon believes that the key to long-term personal financial success is commitment to financial fitness and making smart financial choices. Well, amen to that! Through her company, Financially Blonde blog, her first book, “Train Your Way To Financial Fitness” and podcast, Martinis and Your Money, Shannon is covering all platforms so that financial fitness can be fun, easy and accessible to everyone! You can tune into her podcast every Friday to hear more from her.Three ta

Today's guest is Dorie Clark. She's a frequent contributor to Harvard Business Review, Time and Entrepreneur. She's been recognized as a branding expert by The Associated Press, Inc, and Fortune.What's a brand? Yeah we're gonna talk about that with Dorie. I believe I have a brand; sometimes I hesitate to admit it because I think it sounds, sometimes, a little snobby to say that I have a brand. But she puts it in a way that really democratizes this concept of having a personal brand. You have a brand, whether you're working at a company, an entrepreneur, a mom staying at home with your kids raising them, you have a brand! And so the earlier you recognize that, and nurture that, and cultivate that, the better off you can be.Now Dorie also serves as a marketing strategy consultant and speaker for many notable clients, including Google, Microsoft, Yale University, Fidelity, and World Bank among others. She's the author of two great books; the first is called "Reinventing You", and more recently she's the author o

Today’s guest is a high-profile personal trainer, life coach and co-founder of the latest boutique workout in New York City, ModelFIT. Justin Gelband has been dubbed “The Model Whisperer” from The New York Times’ magazine with a client base including some of the world’s hottest models and celebrities including Miranda Kerr, Candice Swanepoel and Taylor Swift among many others. He is very accomplished in the personal training field with certifications from the National Academy of Sports Medicine and APEX nutrition. His passion for fitness started at a young age where he grew up swimming competitively and playing tennis and soccer. He’s now revolutionizing workouts for women by combining a mix of Pilates, yoga, movement, motion, balance stability, functional training and more. His belief is that all women can attain being “model fit” by working with your body to feel comfortable in your own skin and eating right.

Now, if you're someone who's always on the go, looking for a way to consume the day's top new stories in the fastest way possible, you may already be a subscriber to this or you've heard about it, but you have to check out theSkimm - one word. It's a free, daily email newsletter that goes out each morning, gives you all the important news across subject lines, and party lines. It is simple, and kind of a sassy roundup of the latest news stories with fresh editorial content catering mainly to a young female audience. It's fun to read, easy to understand, easy to explain to a friend after work at a happy hour, what's say going on in Greece or the latest in the electoral race.And I'm not only a fan, I guess you could also say I'm sort of a contributor to theSkimm. In my partnership with Chase Slate, the brand partnered with theSkimm to create some cool and interesting editorial content around financial fitness that I helped create. So I'm very proud to introduce today's guests, the co-founders of theSkimm. They

In today's episode of Ask Farnoosh, I answer your biggest questions about how much to start investing, moving back in with parents to save money, budgeting your savings and budgeting for NYC living.

In today's episode of Ask Farnoosh, I answer your biggest questions about affording a second child, self directed IRAs, keeping your emergency fund in a money market account or a bond fund, and marketing your business.

Welcome back to another edition of So Money Summer Fridays! Today I'm replaying my interview with Jack Canfield author of The Chicken Soup for the Soul series. The book has sold more than 500 million copies in print since it first published in the early 1990s. I recall that series of books being mentioned on Oprah countless times growing up, didn't you? Maybe you have also read The Success Principles, first published a decade ago. This is a big deal.Jack was born in Fort Worth, Texas in 1944. He spent his formative teen years in West Virginia, later attending Harvard for college. He began his career in 1967 as a high school teacher in Chicago. And from there built his career into the blockbuster brand and business that it is today. Today he is the founder and CEO of The Canfield Training Group and founder of The Foundation for Self-Esteem. He holds a Guinness Book world record for having seven books on the New York Times best-seller list at the same time.

In this day and age, we hear a lot about women balancing it all: work, relationship, kids, life, etc. But what about women who work, who aren’t married and/or don’t have children? My guest today Melanie Notkin is a media entrepreneur: author, marketer, keynote speaker, and lifestyle personality.In 2007 she founded Melanie Notkin Media, Inc. - the first and only multiplatform media company designed for the growing global demographic of childless, often single, women.Savvy Auntie is the name of her popular and beloved lifestyle brand and bestselling book for cool aunts, great-aunts, godmothers and all women who love kids. The brand appeals primarily to Melanie’s proprietary PANK® (Professional Aunts No Kids) demographic of 23 million American women. In celebration of this "childfull" demographic, Melanie established Auntie's Day® in 2009. Savvy Auntie: The Ultimate Guide for Cool Aunts, Great-Aunts, Godmothers, and All Women Who Love Kids (Morrow/2011) is a national bestseller.Her latest book is called Otherhoo

Today I am interviewing the blogger Philip Taylor from PT Money. In 2007 he created his blog to share his experiences trying to get out of debt, building savings and getting educated on personal finance. Even though he had finance in his blood – his father was a CPA – already had a career as a CPA himself doing financial auditing and public accounting, he still needed to learn more about personal finance. But he quickly took control of his financial life, and turned his situation around – blogging about it all the way.In 2011, he created FinCon, an annual conference for financial bloggers in the fall, which I have attended!He has also written for U.S. News & World Report, TurboTax and others, as well as made a few TV appearances.He generates his income entirely from his blog, and focuses on saving for early retirement, growing his businesses, investing in real estate and investing in his family.Three key takeaways:Starting a part-time blog in 2007 and how he was able to grow that into a full-fledged business.

Today’s guest is a friend and one of my go-to financial experts. YES. Financial experts have financial experts. Jeff Rose is a self-made millionaire. He is the founder of GoodFinancialCents.com, is a Certified Financial Planner™ professional, CEO of his own wealth management firm, Alliance Wealth Management, author of the best-seller “Soldier of Finance” and host of his own podcast Good Financial ₵ents. He is also a husband and dad of three super cute boys.Three takeaways from our interview today include:His time as a soldier in Iraq and how that led him to being a financial advisor and advocate today.Why Jeff does NOT believe in target date funds.Why and how he purposely taking time off of work to improve his business.If you would like to learn more about Jeff Rose, visit his website www.goodfinancialcents.com or follow him on Twitter @JJeffRose.

What’s your definition of cheap? Do you think you’re cheap? Is the person you’re living with – cheap? I got into trouble once because I went on ABC news and talked about MY personal definition of cheap versus frugal…To me, being cheap means wasting time and energy to save money, being inconsiderate or rude or harmful in your pursuit of saving money. And as an example I mentioned some forms of extreme couponing. And boy did that get the couponers MAD! I got SO much hate email…! Now, not all couponing is bad. But I know there are people out there who spend hours a day to cut coupons and all they save is $20 or $30. $20 or $30 is not insignificant BUT when you account for all that time and energy and perhaps the fact that you were cutting coupons while your son needed your help with his science project…(I’m making this up!) that perhaps you’re not being frugal. You’re being CHEAP. And if you’re going to hate me for saying that, that’s OK by me! And all of this brings me to TODAY’s guest. Jeff Yeager, dubbed “The

In today's episode of Ask Farnoosh, I answer your biggest questions about umbrella liability insurance, paying off your car, transition from working in the public sector to the private, investing in plastic surgery, entrepreneurship, saving for your kids future and breakups.