So Money with Farnoosh Torabi

Today's millionaire next door is a serial entrepreneur and fellow podcaster. Scott Alan Turner claims he was once a "money moron" when he was 22 but was able to turn it all around to become an early retiree who now spends his time teaching money management to help people get out of debt, save more money and retire early. Scott has started eight companies in the past fifteen years.  He is also the host of the Financial Rock Star podcast where he answers listeners questions about money, business and life. The number one question he gets is, “How do I just get started?” And he’s got some great answers, we talk about some of those questions on the show. Scott has been quotes in Forbes and U.S. News and World Report. For more information visit www.somoneypodcast.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.

Today's millionaire next door has an interesting story of his own to share. He moved to the United States from India with his parents when he was just two years old and had to completely start over. They had just $25 to their name. Rocky Lalvani said his parents were the epitome of the American Dream, working hard to provide for their family and teaching him important principles to live well along the way. We're going to discuss what the principles are in our interview. Rocky has worked his entire life and he reached millionaire next door status in his 40's by working hard, saving, and staying away from debt. But, it wasn't without some turbulence. Rocky experienced two market crashes and yet was still able to end up with seven figures.  Now, he's 50 years old, continues to live a frugal life. You'll hear for yourself but Rocky says that he and his wife live a rich, abundant life without the price tag.I was really interested to learn about his immigrant background, how he runs numbers. How does he actually know how much to save, how much to invest, how much he's going to need for retirement? He does plan to retire in the next five, six or seven years. Plus, Rocky shares one fast tip for all of us on how to actually avoid feeling like we need to keep buying things. I share my own story about how I did this and Rocky gives his own story, and I think it's a really fascinating and important takeaway for all of us.For more information visit www.somoneypodcast.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.

It's Millionaire Next Door week on So Money. This is going to be an exciting week, and it is all thanks to your feedback. Many of your wrote in saying how much you enjoyed the first Millionaire Next Door series that we did in August. It was so popular that I decided to do a Part II. Because as it turns out, which is good news, there are so many successful people out there, who started from humble beginnings, who started making average salaries, who ended up becoming part of the 1%. I know the 1% often gets a bad rap, but there's truly something to be proud of when you reach millionaire status. It's not something that's easy. It's takes discipline, it takes effort, it takes consciousness. And so this week is going be dedicated to talking to everyday men and women who have reached this status and how they did it and maybe we could learn a thing or two along the way.Kicking us off is MaryEllen Miller who is a real estate investor from San Antonio, Texas, also Des Moines, Iowa. From an early age MaryEllen found that she was fascinated by money. How people make it, how they spend it. She followed the route that most people take, which is to get an eduction followed by a corporate job. Sound familiar? But by midlife she realized money was not the goal, it was how money could and should be used to create a "wealthy life." MaryEllen tells me that she's experienced living in every socio-economic class, from poverty, qualifying for government cheese, to now becoming a member of the 1%. And believe it or not, she didn't even realize when she hit the $1 million net worth mark. Her mission is now to help people create a wealthy life full of both money and meaning.For more information visit www.somoneypodcast.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 week's episode of Ask Farnoosh I answer your biggest questions about buying vs. renting a home, life insurance, millionaires next door and more.For more information visit www.somoneypodcast.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.

Jennifer Wilkov is our So Money guest today. She is a woman who survived being victimized by the Manhattan District Attorney’s Office and incarcerated in one of New York’s and the Nation’s most violent prisons, Rikers Island. Why? Because this was a result of inappropriately being told to plead guilty to a crime she did not commit, she says. Shortly thereafter, the financial industry regulatory authority exonerated her, claiming she was innocent and Jennifer went on to continue to succeed as an author, a media personality, an entrepreneur and a speaker. Today, she is the founder and producer of Speak Up Women because she wants women to speak up. That’s one thing that she felt she couldn’t do at the time of her imprisonment. Today, she is a number one radio show host, a number one international best-selling award winning author. Can you believe it? Somebody who goes through such a tragedy is able to now come out on the other side of that not only helping herself but helping so many other women. I won't say anything more, you'll have to tune in to hear more. This episode is going to change your life. For more information visit www.somoneypodcast.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.

Today's guest specializes in helping her clients come "internet famous" through high-converting Facebook ads. Whether you're a doctor, university or millionaire entrepreneur Adrienne Richardson is a lead expert. Adrienne boasts that her clients are getting more sales calls with qualified leads, participants for their webinars and buyers for their products, resulting in millions of dollars in revenue. ' She went from bankruptcy to now making a lot of money with her business. Her expertise has made her the go-to online marketing strategist for businesses. She also has experience building two multiple six figure businesses including a print magazine and a fun fact, she was an Air Force paramedic for seven years. She saved many lives, so she’s an incredible human being. We’re going to learn from Adrienne how she transitioned from bankruptcy to getting back on her two feet and starting this massive successful business. The biggest mistake people make spending money on Facebook ads and the number one way to get the biggest bang for your buck on Facebook. For more information visit www.somoneypodcast.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.

I am going down memory lane today. I’ve invited my friend from college. Mike Still is here and he’s going to become a household name very soon - I promise you. Mike and I were both in the honor’s college at Penn State and also in a theatre club. He was a phenomenal actor but also talented in many other ways- a great student, public speaker and leader. Interestingly enough, Mike pursued his deepest passion, acting. Of course, he became very successful because that’s who he is. He’s had a very successful commercial acting career and also, television. He’s been very busy and most recently, I saw him in an article in Fast Company Magazine, calling him, “The Next Lorne Michaels”. Yes, the next Lorne Michaels. Mike is now the artistic director of the Upright Citizens Brigade Theatre in Los Angeles. It’s an improvisational and sketch comedy training center. It’s the only accredited improv and sketch comedy school in the country. Lots of SNL stars got started at the Upright Citizens Brigade, which is why I believe that Fast Company is calling Mike the next Lorne Michaels. People like Amy Poehler, Matt Walsh, Rick Roman, Horatio Sanz all came from UCB and so Mike is in a pretty powerful position, I have to say and all the while, he’s still trying to work at his own acting career. We talk about that reconciling those two worlds, what he thinks is the “It factor” right now as people are trying to breakthrough in comedy and acting. Since he’s on the forefront of that. Also, what’s his take? For more information visit www.somoneypodcast.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.

Today's guest is the VP of Editorial at Acorns as well as the founding editor of the personal finance site, Grow, which just launched in January. Prior to joining Acorns at the end of last year, JenniferBarrett was a personal finance editor for CNBC Digital. She's also held executive roles at DailyWorthand Hearst Digital, where she was GM over three magazine websites including Cosmopolitan, Redbook, and Seventeen magazines.  Jennifer is the co-author of two personal finance books and covers financial topics for several national publications including The New York Times, The Washington Post, Newsweek and countless others. Jennifer started her financial journalism career at Dow Jones, where she wrote the foreign exchange column for the Wall Street Journal.For more information visit www.somoneypodcast.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 week's episode of Ask Farnoosh, I answer your biggest questions about what to do after potentially being scammed by a student loan forgiveness program, filing your taxes after getting married, resources for earning a second income and more.For more information visit www.somoneypodcast.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.

Today's guest is a leader in the sports and entertainment industry. She's entering her eighth year with the NBA. Megan Perry primarily focuses on the WNBA, where she is responsible for scouting top college prospects in preparation for the WNBA draft. She also manages player appearances. You might recognize her voice because she serves as a basketball color analyst, covering games on CBS Sports Network, A-10 Network and NEC Front Row. Prior to joining the WNBA, Megan had a successful career as a basketball player herself, playing D1 at Cornell University where she helped lead her team to the 2008 NCAA Tournament and Ivy League Championship. We learn from her how the WNBA with her leadership is trying to enhance its visibility and give its players a lot more credit. Her biggest financial mistake, it happened when she first moved to New York and it has something to do with her rent and Megan is a spender. She’ll be the first to admit it. She loves to spend money, she’s conscious of that, she tries to reign it in, how she does it is very impressive. For more information visit www.somoneypodcast.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.