So Money with Farnoosh Torabi

I always thought there should be a reality show called Extreme Money Makeovers that follows a person or a couple on their journey to resuscitating their financial life…People who go for broke and then do the hard and creative work of rebuilding their balance sheets. I, of course, would be the host…If anyone’s listening who wants to film a pilot, you know where to find me! In today’s yearend wrap, we’re focusing on So Money guests who are financial warriors. These are people who went to battle with their finances and were victorious.  First up: Drs Renee and Nii Darko….EPISODE 685. What would you do if you woke up with $662,000 in student loans? You heard that right, over $650,000 in just student loan debt. That is the reality. That is what happened to Nii and Renée. After a meeting in medical school and completing really rigorous surgical residencies, the couple woke up to see their total debt balanced had ballooned to the high six figures after years of deferment and forbearance. They were stressed, they were confused, they weren’t making any progress on actually paying down their principal. They decided to get serious.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.

It’s no doubt that 2018 will go down in history as a major turning point for women’s equality, particularly in the workplace. The #metoo and #timeout movements have led to more women’s voices being heard and more bad actors called out, penalized and in some cases prosecuted for their injustices towards women and men.  I had the great privilege of speaking to a number of individuals this year who are helping to lead the financial feminist movement and get us to more equality and female empowerment in the workplace, in one’s financial life and everywhere. We are about to hear again some of the voices.. to highlight some their advice, personal stories and insights they generously shared…so as we head into the New Year we are reminded of ways we can all continue to succeed in our careers and financial lives. We’ll hear from money guru Suze Orman, Joanne Lipman, the author of That’s What She Said, Amy Nelson, founder of The Riveter, a co-working space designed to support female entrepreneurs. But first, we'll hear from Kate White, former editor in chief of Cosmopolitan Magazine and author of the book, The Gutsy Girl Handbook…This is taken from Episode 775. And here we talk about the faux-pas she believes women STILL make in the workplace …also, how to avoid getting low-balled in a salary negotiation…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.

Addressing your money questions, including why (or why not) to invest in a Roth IRA, the best way to manage an inheritance and how to achieve an M.B.A affordably, but also get a great return on your investment.Today’s co-host is Brandon Opre, a fellow Penn State graduate. He’s a financial advisor and the founder of TrustTree Financial. What I love about Brandon is that he also gives back to his community. He was recognized in Fort Lauderdale Magazine as one of "The 40 Under 40" movers and shakers who are helping shape a better Fort Lauderdale. He started his own non-profit organization called A Prom to Remember, which creates an amazing prom experience for sick teenagers. He partners with hospitals to book luxury venues, provides evening wear for the children, and even provides luxury transportation, too.Follow Brandon on Twitter @TrustTreeFin.Additional resources from this episode:U.S. News article about Roth IRAsU.S. News article about online MBA programs.  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.

Jenny Shih is a top business coach who helps women optimize their business, time and productivity. Jenny, herself, works a 30 hour week and earns $650,000 a year. On top of it, she’s recovering from Lyme Disease.  How she managed to build her career amidst that diagnosis. She’s takes us behind the scenes, and offers advice for all of us on how to budget our time like we do our dollars...and for entrepreneurs, how to charge for your products and services and find your best clients. To learn more about Jenny, please visit www.JennyShih.com or follow her on Twitter @JennyShih.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.

Our guest today knows a thing or two about how to defy the odds, triumph in life despite economic challenges and grow a multimillion-dollar business. Susie Carder began her career as a hairdresser. Before that, she was raised in a very small home as one of nine children. She recalls the days of paying her mortgage with her credit card. As you just heard, raising her daughters as a single mom when a life-threatening accident takes place. She also admits to losing 90% of her wealth in the Great Recession, just 10 years ago and she has risen from the ashes. Today, she teaches others how to build wealth. Her new book is called From Bootstrap to Big Time, how to take your company from $250,000 to 10 million, and emphasizes that profit and planning are essential parts of a business's overall success. Susie also talks about in her life at least, how her faith has played a role in her success. By the way, she runs a nine-figure business and has helped people from Steve Harvey, to Lisa Nichols multiply their wealth, and also has supported big brands from Dell to Paul Mitchell scale their businesses. To learn more about Susie Carder, please visit www.SusieCarder.com, and follow her on Instagram @SusieCarder.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.

Brittney Castro is a Certified Financial Planner and she’s here to help us answer your money questions - AND spend a good bit of time talking about the finances of running a business. Brittney is the founder of Financially Wise Women, as I mentioned, and it’s something that she really built from the ground up in her 20’s. I know that for a lot of us listening, it’s important to us - especially as we look at the new year -to reassess our careers, maybe make that transition to starting a business or growing our existing business, I thought this would be a good time of year to give you some tips.  Brittney is a fellow Chase ambassador and she’s here on behalf of Chase Ink to share some insights into running that business successfully, and how to find the right mentors for growing your business. It’s important to find the right financial mentors and sponsors to help make the financial aspects of your business simpler. Also, how to manage the money in your business and in your personal life at the same time. This is a hot question, right? How do I create boundaries, how do I create systems, how do I not dip into my personal savings to fund my venture? Of course, we also have your So Money questions, questions like how to afford supporting adult children? Yeah, it’s really hard to afford children like babies, childcare, it adds up and it’s really a lot for new parents but then, you know, the kids grow up and you find yourself still footing the bill even though they’re in their 20’s for things like school and graduate school. So we’re going to help a parent out on that end.  Also, how to retool your savings after paying down student loans? So if you’re somebody who is near the end of paying off student loans and you’re looking forward to it because you’re going to have better cash flow, what do you do with that cash flow now? How do you kind of reinvest that money and also, leveraging social media to promote your brand and your business. Thanks to Chase Ink for sponsoring this episode. For more visit chase.com/ink.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.

We’re talking to one of the world’s most accomplished and active individuals in the world of cyber security: Dr. Diana Burley, named one of eight women to watch in IT security. Dr. Burley is a full professor of Human and Organizational Learning at George Washington University. She’s an in -demand speaker and, prior to joining GW, Dr. Burley managed a multimillion dollar computer science education and research portfolio. She also led the Cyber Corps Program for the US National Science Foundation. She has a terrific personal story of succeeding as a woman of color in a male-dominated field and how her family and professors helped to encourage and guide her. She and I also discussed all of the steps we can take to actively protect ourselves from the ongoing cyber threats. Well-known companies have had large breaches. And we are also targets as we shop furiously online this month. Hackers will be working nonstop to interfere. Dr. Burley has great advice on how we can stay safe. To learn more about Dr. Diana Burley, follow her on twitter @DianaBurley.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 can I say? It kind of felt like I had my kindred spirit on the podcast, or my name twin at the very least. Farnoosh Brock, author of The Serving Mindset: Stop Selling and Grow Your Business, is on the show today sharing some deep insightful revelations about what it means to lead a fulfilling life as an entrepreneur. Farnoosh left a career, a successful career in engineering to pursue a path in entrepreneurship. It wasn’t one that was met with a lot of support at the beginning, but she made it work. And how she made it work is truly, truly inspiring.Farnoosh lives by the mantra: "Serving is your competitive advantage," and she believes that if entrepreneurs focus on serving, instead of selling, they can learn how to feel good about the whole selling process and even ask for more money from their clients and customers. If you’re somebody who is looking at a start a business, or even a side hustle...and you want to be able to make the big bucks, Farnoosh has some really honest authentic advice. Learn more about Farnoosh by visiting www.FarnooshBrock.com and www.ProlificLiving.com and follow her on Twitter @ProlificLiving.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.

Lots of great, important questions on Ask Farnoosh today pulled from Instagram and Farnoosh's website. Listeners want to know about recommendations for books for men whose wives who make more. Another fan wants to know whether it's better for your credit score to pay off a credit card balance once a month or paying purchases off as you go. Also: Tips for affording home renovation costs, and a college student listener has saved $5,000 and wants to know the best way to invest. To send Farnoosh questions, visit her on Instagram @FarnooshTorabi or send her a question at SoMoneyPodcast.com and click on "Ask Farnoosh."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.

Today, we’re going to talk about something that doesn’t get mentioned much here: marriage counseling. Specifically, we’re going to talk about how pursuing financial independence actually put today’s guest and his wife in marriage counseling. Today’s guest is Andy Hill. He’s the founder of the blog and the podcast, both called Marriage, Kids, and Money. I was just a guest on Andy’s podcast last month, so this is a treat to have him on my show today.Now, to be clear, Andy is a big proponent of financial independence and retiring early. Over the past 8 years, Andy and his wife, Nicole, have paid off $48,000 worth of debt, paid off their home that’s worth $400,000, and they’ve increased their net worth from 0 to $750,000 in 8 years. However, the journey to get to this point hasn’t been without its challenges. Because Andy’s blog and podcast focus on helping families become financially independent, he wants to cover all topics related to marriage and kids, including how beneficial marriage counseling has been to him and his wife...after reaching an impasse in their relationship.I appreciate Andy coming on the show today to talk about the challenges when you’re paying off debt and growing your wealth but also how those challenges can make families stronger. You can learn more about Andy by visiting MarriageKidsandMoney.com. You can also listen to the podcast by the same name and follow him on Twitter @AndyHillMKM.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.