So Money With Farnoosh Torabi

In today's episode of Ask Farnoosh, I answer your biggest questions about where to put short-term savings, best way to save for college, negotiating your salary and benefits, managing your 401K, robo-advisors and starting a blog.

Happy Friday everyone. I'm doing a new thing starting this Friday and every Friday until the end of the summer. I've decided, just decided the other day, that I'm gonna air re-runs. You know, summer Fridays tend to be quieter than the other days, and I see it in my download numbers. I don't get as many people listening in on Fridays. Also, it's hard to get guests over the summer. So I'm at a point now where it's a lot easier for me to just air re-runs on Fridays. I hope this isn't gonna be too much of a problem for listeners. I mean I have already listeners telling me to slow down a little bit, and this is a way that's helping me but also addressing I think the demand out there. I can tell, you guys have other things to do on Fridays.And those of you that are tuning in, thank you! I appreciate you. But for now until the end of the summer, let's just dedicate Fridays to some oldies but goodies. And today we're gonna kick it off with the great David Bach. David, as you may know, is famous for his FinishRich boo

My guest today may sound familiar…and that’s because he’s been on the show before. I was lucky enough to have my friend, author James Altucher on my 3rd So Money episode, and now he’s back on my 193rd. Time flies!James and I worked together at TheStreet.com where did countless videos about investing, stocks, the economy. Today he’s discussing his new book called Choose Yourself Guide to Wealth – a guide for navigating the new financial world we live in and generating wealth and freedom.

My guest today is coming to us all the way from Australia! Her name is Julie Parker, and she is one of Australia’s foremost life and business coaches and trainers. Julie was raised by a single mother on welfare and started her career as a social worker earning just above minimum wage. Since then she has become a life coach and started a successful business. She has had sixteen years of experience in coaching and has inspired hundreds of clients and thousands of people. In 2014, she started her company The Beautiful You Coaching Academy, which has quickly grown into a 500K per year business!Julie also has appeared in DailyWorth, Elle, Cosmopolitan and Vogue, and is a TEDx speaker and published author.She is a testament that it is more than possible to change your money “genes and lineage” while also having a career focused on helping others.

Back in 2007 our guest today Steve Chou and his wife Jennifer found themselves in a position that many couples face. Jennifer found out that she was pregnant, and with their growing family came greater financial concerns. Neither Steve nor Jennifer were happy with their jobs, and were stuck in a routine of complacency: drag yourself out of bed, go to work, come home, watch television, go to sleep, repeat. But with the news of the baby Steve became motivated to take charge of his life and provide better financial security for his family – especially knowing his wife wanted to quit her job to become a stay at home mom. He and Jennifer had to find a way to replace her six-figure income; thus they created Bumblebee Linens, an online store for linens for special occasions. The success of the business allowed Jennifer to stay at home while still providing for her family, while Steve kept his day job. He started mywifequitherjob.com to share his experiences and help other families deal with the same challenges. He a

Knowing how much to put aside for the future, emergencies or anything else for that matter can be challenging. How much can you afford to save? How much do you need to reach your goal? What if there was only an app that could figure all of that for you and actually save on your behalf?Introducing: Ethan Bloch, the founder and CEO of Digit: Automated Savings, an automated savings tool with text-enabled communication. The app connects to your checking account, which allows Digit to analyze your income and spending habits to find small amounts to save for you. Those amounts increase (or decrease) based on your lifestyle. And you can easily, and with NO FEE, withdraw money from the Digit savings account via text whenever needed. Since its launch, Digit has saved an overall $20 million for users.Ethan has had over a decade of experience in finance, and his last company, Flowtown, was acquired by Demandforce (Intuit) in 2011. He says that he as been “obsessed with personal finance” since he was 13, and has spent hi

I wanted to be able to answer as many of your questions as possible so today we have a special extended edition of Ask Farnoosh.  On today's episode, I answer your biggest questions about, what to do with a raise, starting a "mastermind group," how much to have in an emergency fund, and prepping for an impending layoff.

I wanted to be able to answer as many of your questions as possible so today we have a special extended edition of Ask Farnoosh. On today's episode, I answer your biggest questions about rebalancing your IRA, how I shifted from being a financial writer to a media personality, finding speaking engagements, how to make your savings grow, paying off student loans, side hustles, saving for retirement, what to do with inheritance, and the ramifications of filing bankruptcy.

Many of you have requested my guest today to be on So Money, so I’m very excited to finally have her here: Paula Pant of the blog and movement Afford Anything.  She is a self-proclaimed globetrotter, entrepreneur and investor.  She has traveled to 33 countries and owns seven rental properties – wow, can I come visit?  But above all, Paula is her own boss and lives on her own terms, which sounds pretty great to me.  Her belief is that money can fuel your dreams and that it’s about growing your wealth, not pinching pennies.  Her blog Afford Anything is part of a larger movement to allow people to ditch the 9-5 lifestyle and master their money to embark on their dreams.  For Paula her dream was to travel …and as a newspaper editor and reporter she found her work exhilarating but it wasn’t enough. She wasn’t pursing her dreams.  She quit her job eventually to travel the world…and from that experience AffordAnything.com was born.

You asked for it and this week we made it happen... I'm in the So Money hot seat! My fellow podcaster Joe Saul-Sehy from Stacking Benjamins stopped by to interview me about my earliest money memories, my financial mistakes and my so money moment. Joe was also a guest on the show last week  where he gave great advice for making a successful podcast and how he and his wife communicate about money.

Today’s guest is going to share the importance of having mentor in our lives…She is the author of the new book Getting There: A Book of Mentors. In it she interviews 30 leaders across different career paths that share their journey on the road to achieving success. From Warren Buffett to Frank Gehry to Sara Blakely, the billionaire inventor of Spanx shapewear for women.Her book offers great advice for everyone from students to those who’ve been working in their fields for years. It’s practical and priceless wisdom that we can apply across the board whether in our careers or elsewhere. She also wrote the book New York Characters, which pays tribute to some of the most interesting New Yorkers at the time. Gillian also received her law degree from the Benjamin N. Cardozo School of Law and is a photographer. She lives in NYC.

Hannah Ouimet is here on the show today. She's running a six-figure fashion business from her phone, yes, by selling some of her unwanted clothes and accessories. And now she's gotten so good at it, she knows how to buy items elsewhere at a low cost and re-sell them. And by the way, she's only 23-years-old. She got her start in college and she's still in college. She decided to just sell some things from her closet that she didn't want anymore to make a few extra bucks, and she did this on a site called "Poshmark", which allows users to sell their unwanted clothes and accessories to fellow Poshmark App users.And before she knew it, Hannah was not only making a profit selling her own stuff, but also her friends items. She started buying designer apparel on deep discount, reselling that for a profit, and over time she has amassed something like 2 million users on Poshmark and she's been inspired to actually go out on her own, still working with Poshmark but also starting her own e-commerce shop called "Hannah B

Hair is a big business. My guest Myleik Teele is revolutionizing the world for women who have curly hair. She founded curlBOX, an exclusive and affordable monthly subscription box full of amazing haircare products for women with curly hair. This small big idea lets women try travel and sample sized hair products before actually making the purchase and investing in a full-sized bottle. CurlBox has partnerships with major brands and distributors including Procter & Gamble, Walmart, Target and Shea moisture. The company has over 200k Instagram followers and Teele even created a web-series, curlBOX TV, which gives viewers a behind-the-scenes look at their favorite hair care brands. Behind this business is a remarkable personal story. And that’s where my interview with Myleik – who is only in her early 30s – begins.

On today's special extended episode of Ask Farnoosh I answer your biggest questions about saving for college, selecting the right money team, budgeting, getting out of an unhappy job, getting out of debt, making money from blogging, and figuring out your 401k.

On today's special extended episode I answer your biggest questions about getting out of credit card debt before starting a business, retirement strategies, starting over in your sixties, investing, exploring career options, when she makes more in the relationship, and what to do with extra cash. 

Joe Saul-Sehy is co-host of the popular Stacking Benjamins podcast and is a contributor to the Money Tree Investing podcast. In his former life as a financial advisor of 16 years and the WXYZ Television “Money Man” (Detroit ABC Affiliate), he helped families overcome debt, open and operate businesses, put kids through college and retire successfully. He’s been featured in publications as diverse as newspapers like The Los Angeles Times, Chicago Sun Times, and Baltimore Sun, and magazines such as Bride, Child and Best Life. For more information visit www.somoneypodcast.com

Matt Becker took his experience raising 2 little boys and his financial background as a CFP, and he started Mom and Dad Money. It's a fee-only financial planning practice that's dedicated to helping new parents build happy families by making money simple. He also has written a new book called "The New Parents Guide to Financial Independence,” which we discuss, as well as the biggest financial issues he personally tackled when becoming a parent and interesting ways to save on childcare costs. I asked him specifically for tips saving that and how single income households can limit their financial risk.

In today's So Money episode I chat with Richard Davies, a former news reporter for ABC and the current co-host for the weekly podcast How Do We Fix It? Davies talks to me about his reporting career and and the financial problems he aims to solve on his weekly podcast. For more information, visit www.somoneypodcast.com 

Dr. Paul Zak is a scientist, prolific author and public speaker. He has the very unique job title of Neuroeconomist. Dr. Zak has degrees in mathematics and economics and also has post-doctoral training in neuroimaging. In 2004, his lab discovered that the brain chemical oxytocin allows us to determine whom we can trust. Since then, he has continued to study the chemical, and his current research has shown that oxytocin is responsible for virtuous behaviors, working as the brain’s “moral molecule.” This knowledge is being used to understand the basis for civilization and modern economies, improve negotiations and treat neurologic and psychiatric disorders. The possibilities are endless. He has also written a book called The Moral Molecule: The Source of Love and Prosperity about his discoveries on oxytocin. He has a fascinating perspective on decision-making and finance.  For more information visit www.somoneypodcast.com

In today's episode of So Money Podcast I chat with Daphne Oz, a natural food chef, New York Times bestselling author and co-host of the ABC show The Chew.  Daphne shares how she seizes the moment and experiences life in the now, about her celebrity father, Dr. Oz, and the valuable lesson she learned at age 9 about money.  For more information visit www.somoneypodcast.com.