So Money with Farnoosh Torabi

Farnoosh and co-host Eric Roberge, a frequent So Money guest, Certified Financial Planner and founder of Beyond the Hammock, discuss your financial questions.This week you want to know:What are some smart ways to raise capital for a start-up?Are the fees for using an investing app too high?Where to park savings for a future home?Can having multiple credit cards hurt your credit score?Remember, you can always leave me your questions by clicking on Ask Farnoosh in the corner, or DM me on Instagram.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.

How to know when your side-hustle deserves your fullest attention? And it’s time to give your day job your 2-weeks notice?Our guest today, Leah Gervais, first came on the podcast last year, episode 602. She joined me for an Ask Farnoosh jam session and, at the time, she was a working professional in New York, and also blogging at her site Urban20Something.com for a creative outlet. Today, she’s fully self-employed, has said buy-bye to her 9 to 5 and dedicating all her focus to her website.When did she know she was ready?How is she monetizing her platform?What advice does she have for you, if you’re considering a side gig or in the midst of one...and wanting to make more of it.Please visit Leah’s website at Urban20Something.com and follow her on instagram @Urban20Something.Leah would like to share with us her free case study that describes how she went on to make thousands of dollars in her side hustle. It also comes with an interactive element so you can apply the differences to your business. It's at Urban20Something.com/income-boost.  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.

If you’ve ever struggled with your weight … you may have thought to yourself, "My life would be better if I was just thinner." Or, "Life is just 20 lbs away."Today, I’m interviewing Sarah Jenks, She is an entrepreneur, Nutrition and Life coach, and the founder of Whole Woman, a monthly online membership for women seeking the answers to “Who am I?” and “Why am I here?” She’s also the creator behind Live More Weigh Less™, the most popular online emotional eating program. After struggling with her own body issues her entire life, she decided to create a program to help other women overcome those same challenges. Sarah’s community is made up of over 100,000 women.The similar triggers for overeating and overspending.Sarah lives on a 23 acre farm. How the decision to move here after living an urban life was a bit of fate.The triumphs and challenges of being the female breadwinner in her marriage.To learn more about Sarah Jenks, please visit www.SarahJenks.com. Her newest program is available now: WholeWoman.me. She’s also on Instagram @SarahJenks and Twitter @SarahEJenks.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 week on Ask Farnoosh, Farnoosh and special co-host Leyla Shams, an avid So Money listener, dive into your money questions including: "What are the best way to invest?" "Should I cancel my credit card?" and "Is it worth it to pay down my student loans if I'm starting a business at the same time?"After earning her professional degree in architecture, co-host Leyla Shams spent several years traveling the well-worn path to becoming a licensed architect. But after being laid off during the 2007 recession, Leyla started exploring other options: instead of immediately looking for her next job, she began a number of independent ventures, most notably a language-learning podcast called "Learn Persian with Chai and Conversation". After the birth of her son in 2016, she left architecture completely, and has now made a career of her "side hustles." She encourages others to do the same.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.

When it comes to investing, you’ve probably heard the phrase, ‘Buy what you know.’ Do you believe it? I’m asking because today’s guest believes that is “profoundly dumb advice.”  II think that’s sort of good advice..."Buy what you know!" " Don’t get into something you know nothing about!" (ehem bitcoin). But today’s guest, Dr. Daniel Crosby, a New York Times bestselling author, psychologist, behavioral finance expert and asset manager, thinks that is not sound advice.Daniel was last on the my show, you might remember on Episode 453 about two years ago. He’s back with a new book called the Behavioral Investor and in it, he examines the sociological, neurological and psychological factors that influence our investment choices. He believes that we should first understand human nature and our own tendencies before making investment decisions.A little bit more about Daniel: He’s a sought after expert, frequent speaker and he was named one of Investment News’ 40 Under 40 and also, a "Financial Blogger You Should Be Reading," by AARP.In this interview we’ll learn:Daniel’s philosophies around how to invest wellHow to curb our emotions andHow greedy are we this month? Daniel publishes an Irrationality Index, a measure of how much greed and fear is in the marketplace month to month. Learn more about Daniel Crosby at NocturneCapital.com and follow him on Twitter @DanielCrosby.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 if you had $70,000 worth of consumer debt and losing your job amidst all of that financial stress?Today, I’m interviewing Adeola Omole on the show. She describes herself as a lawyer by trade and a money coach by choice. Her journey of achieving debt ZERO and building a community for women and money is the focus of our conversation today.Raised by immigrants in a family of six children, Adeola watched her parents work hard but also pinch pennies. Seeing her parents’ financial struggles growing up, Adeola thought debt was a normal part of life. This led her to make her own money mistakes. By the time she was a young adult finishing her clerkship just out of law school, she had amassed $70,000 worth of consumer debt.Fast-forward to today, Adeola and her husband are debt-free and building great wealth. They’ve even managed to pay off their mortgage. Adeola also has a new book: 7 Steps to Get Out of Debt and Build Wealth.You can learn more about Adeola on her website adeolaomole.com, on Instagram at @adeolaomoleb, and on Twitter @AdeolaOmoleB. Her book is called 7 Steps to Get Out of Debt and Build Wealth.  And for her free 10-Point Checklist for Buying Stocks visit adeolaomole.com (scroll to the bottom to find it!)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.

Farnoosh is joined by So Money listener Reuben Subramaniam, founder of K2 CollaboratorsQuestions on today's episode include:Advice for saving money on a very low salary in a currency *other* than dollars?When is the appropriate time to tell my employer that I'm expecting? Is it OK to open up a credit card just for the immediate rewards?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’s guest is going to share how to recover - and thrive - after losing everything. At one point, Tracy Matthews had a successful handmade jewelry business, earning over $1 million in annual revenue. You could find her jewelry in over 350 stores internationally and worn by celebrities like Halle Berry, Orlando Bloom, and Kate Hudson. But, Tracy grew the business fast and made mistakes. In 2009, she made the difficult decision to declare bankruptcy and close shop.The story has a happy ending. Tracy once again has a thriving custom jewelry business. She’s learned from all her failures and now teaches other aspiring jewelry designers how to grow successful businesses through her Flourish & Thrive Academy. On the show: How did she pick up the pieces after her bankruptcy? And how *does* a jewelry designer grow a business in today’s market?To learn more about Tracy Matthews, visit FlourishThriveAcademy.com, and follow the academy on Instagram @Flourish_Thrive.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.

How does a six-figure income turn into six-figures of debt?Our guest Bonnie Koo was making six-figures by age 23 working on Wall Street. A career pivot into medicine quickly changed all of that when she attended medical school and took on $200,000 in student loans. She also racked up about $20,000 in credit card debt.Bonnie, now a dermatologist, is on the other side of that money story. She’s since taken control of her financial life, she’s paid down the debt and has launched a site helping other professional women and doctors master their money.Bonnie blogs at MissBonnieMD.com. She also co-hosts a podcast called Friends Talk Finance.She shares the exact moment she decided to get serious about money. The book that helped her turn her financial life around...and a unique way to think about retirement planning that won’t make your head hurt.To learn more about Dr. Bonnie Koo, please visit www.MissBonnieMD.com and follow her on Instagram @MissBonnieMD.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 week on Ask Farnoosh ....Weighing the costs of graduate school, finding money for a start-up, optimizing extra income, and financial advice for physicians.  So Money listener Lydia Benham joins the show to help Farnoosh answer your money questions. Lydia is an entrepreneur in the fintech/blockchain sector who's been investing since she was 25! 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.