So Money with Farnoosh Torabi

Farnoosh answers your top money questions related to refinancing, as well as managing a past due personal loan with a relative and the impact the FIRE movement and more people retiring early may have on society. Farnoosh also selects a winner for a 15-minute money session.Learn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open! Hosted on Acast. See acast.com/privacy for more information.

What does it take to go from growing up in poverty to running a multi-million dollar business and having a TV show on The Oprah Winfrey Network? Our guest today knows all about this. Mahisha Dellinger had a very tough financial upbringing but she was determined to succeed. After college, she graduated and began working in marketing at Intel. While it seemed like a great job, the dream job, stable company with a lot of perks, a big part of her always wanted to strike out on her own. She got the idea to begin an eco-friendly line of hair products for naturally curly hair, and we'll talk about how she transitioned from corporate America to taking the leap to ultimately start CURLS. It was an idea that has in five years scaled BIG. CURLS has now teamed up with Target to bring her products into their stores. Mahisha is also the author of the book Against All Odds: From The Projects to the Penthouse. Her business has even caught the eye of Oprah, and Mahisha has had the opportunity to have her own show on The Oprah Winfrey Network. Mahisha talks about not really being able to secure a small business loan, despite having good credit, despite having good sales, and why that served her well in the end. Learn more about her business at curls.biz and follow her on Instagram @mahisha_dellinger and twitter @mahishadelling1Learn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open! Hosted on Acast. See acast.com/privacy for more information.

What is the equation for financial independence? Today we have the co-hosts of the very popular ChooseFI Podcast, Jonathan Mendonsa and Brad Barrett. Both of these friends come to the personal finance space with their own unique experiences. Brad and his partner saved a million dollars in just 11 years. Jonathan was able to pay down a $168,000 in student loans. In 2017, Jonathan and Brad saw the need to bring even more community to the FIRE Movement, Financial Independence Retire Early Movement. After meeting up a few times together, they decided to create that community with their podcast called ChooseFI. Today, ChooseFI is helping to spread the FIRE Movement. Their crowdsourced podcast is over 2,600 reviews and their Facebook group has over 48,000 members. Their message is spreading and their podcast is a big force in this movement. We talk about their histories with money, how they educate their audiences around financial independence and is there an equation for financial independence? There actually is one. I was curious to find out. Learn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open! Hosted on Acast. See acast.com/privacy for more information.

**This podcast originally aired on August 10, 2018**This week's #AskFarnoosh addresses a listener's concerns about identity theft, as well as investing in index funds, renting versus owning and a mother who refuses to learn about the household finances because "it isn't her job." Oof!Special co-host Addy Adewusi, a listener, joins Farnoosh with some great perspective and advice.For more, check out www.somoneypodcast.comLearn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open! Hosted on Acast. See acast.com/privacy for more information.

**This episode originally aired on June 4, 2018**Our guest today needs no introduction. She had 22 jobs by the age of 23. She built a $5 billion business with a $1,000 loan. She's a shark on ABC's Shark Tank and host of her new podcast called Business Unusual. We are in conversation with the one and only Barbara Corcoran.I have had the privilege of interviewing Barbara many times over the years and every time, I get goosebumps. Every time I get a little nervous. I get butterflies in my stomach. That's why I think I love her. She's the real deal.On our show today, she talks about childhood; goes down memory lane and talks about the impact that her mom had on her relationship with money today as an adult woman. She talks about why she felt lost the moment when she sold Corcoran Real Estate, her real estate empire for 66 million dollars.If you listen to any show this week, make this the episode you definitely reserve.Follow Barbara on Instagram and Twitter.Learn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open! Hosted on Acast. See acast.com/privacy for more information.

**Originally aired on Jan. 31, 2018**What would you do if you woke up with $662,000 of student loan debt?Yes, you heard that right, $662,000 in just student loan debt.Well, that’s what happened to Drs. Renée and Nii Darko. After meeting in medical school and completing rigorous surgical residencies, Renée and Nii woke up to see their total debt balance had ballooned to the high six figures after years of deferment and forbearance.Stressed, confused, and not making any progress on actually paying down their principal, the Darko family decided to get serious. They cut out their pricey insurance policies, took on a significant amount of extra shifts at hospitals all over the country, and reprioritized everything. And by prioritize, I mean they only paid $200/month in groceries for 2.5 years!The result of all this hard work and adhering to that strict budget was that they paid off all their debt in only 3 years!Today, I’m talking to the couple about how they did it and the challenges they encountered along the way (like the three failed IVF rounds that they paid for in cash). You’ll also hear about how paying off their debt has given these two physicians financial independence, enabling them to pursue their passions and business pursuits, like Dr. Nii’s website and a podcast called Docs Outside the Box.To visit the couple’s blog, head to www.keepingupwiththedarkos.wordpress.com.Renée runs Pre-med Strategies, a pre-med consultation business to help students overcome the challenges of getting into medical school. You can visit the website here: www.premedstrategies.com.To learn more about Dr. Nii Darko, please visit his website, Docs Outside the Box, at www.docsOTB.com or find him on twitter @DocsOTB.Equal Access Health is their locum tenens business, which you can learn more about here: www.equalaccesshealth.net.Learn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open! Hosted on Acast. See acast.com/privacy for more information.

**Originally aired on February 7, 2018**My husband and I will be quitting our jobs later this year to travel globally for a year. Aside from savings and insurance, what should we consider?My husband and I contribute to our retirement, savings and children's 529 plans. Should we be adding to these buckets or putting our money elsewhere?What are risks to consider when renting out part of your home?Answering these questions and more with co-host and marketing consultant Erica Gellerman.To learn more about Erica visit www.ericagellerman.com or follow her on Twitter @ericagellerman.Learn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open! Hosted on Acast. See acast.com/privacy for more information.

**This podcast originally aired on April 25, 2018.**Did you know only 7% of film directors in the U.S. are women? That gap is hopefully narrowing soon, as women in the movie industry (and everywhere) are demanding equal pay, equal treatment, and equal opportunities. Our next guest is a rising star - named by Hollywood Reporter as one of its “Ten Directors to Watch."Today, we're welcoming Kari Skogland to the show. She's an award-winning director and producer known for her contributions to popular shows like The Handmaid’s Tale, The Walking Dead, The Americans AND House of Cards. Today, Season 2 of The Handmaid’s Tale premieres on Hulu.Kari is a champion for women in the movie industry. She’s a big believer in sweat equity, taking risks, re-inventing yourself, and of course, being smart with your money. How does all of that actually play out? And what is the ONE big ticket purchase Kari’s saving up for these days?You can learn more about Kari’s company, Mad Rabbit, here: https://redarrow.tv/company/mad-rabbit/ and follow Kari's Twitter:  @KariSkogland.Learn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open! Hosted on Acast. See acast.com/privacy for more information.

**This podcast originally aired on May 9, 2018.**Which is more important: your money or your life? Over 25 years ago, our guest asked the world this fundamental question, and her book became an international sensation. Today, I’m honored to welcome Vicki Robin to the show.Vicki is the co-author with the late Joe Dominguez  of the iconic book, Your Money or Your Life, which she recently revisited and updated for 2018 with a new forward by Mr. Money Mustache, who has been a guest on the show as well.If you haven't heard of Vicki Robin before, she really began the Financial Independence movement before it was trendy. She realized the importance of living well on less quite early in her life, and she has spent the past few decades teaching this and other principles to people all over the world.With over a million copies sold in a dozen languages, Your Money or Your Life remains one of the preeminent guides on personal finance in existence. Today, I’ll dig in and ask Vicki questions about her childhood, what made her write the book, and if she thinks our society has learned some of the lessons and the steps to financial independence that she teaches.To learn more about Vicki, visit www.vickirobin.com. You can also follow her on Twitter @Vicki_Robin. The website for her iconic book is www.yourmoneyoryourlife.com. Learn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open! Hosted on Acast. See acast.com/privacy for more information.

In this episode of Ask Farnoosh, Farnoosh answers listeners' questions about the best way to "put to work" an extra $2,000 a year, deciding between two internships, and financial advice the host would give herself if she could turn back time to when she was embarking on college.Learn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open! Hosted on Acast. See acast.com/privacy for more information.