So Money with Farnoosh Torabi

Today's guest is a serial entrepreneur and has been dubbed the "Jim Carey of Entrepreneurship" (we’re going to learn why on this episode). Clay Clark is the former U.S. Small Business Administration Entrepreneur of the Year. He’s the founder of the online business mentorship site, Thrive15.com. It all started with him starting and running nine businesses. He’s also the author of four books including,"Thrive: How to Take Control of Your Destiny and Move Beyond Surviving... Now." Clay is also the speaker of choice for Hewlett-Packard and several of America’s biggest companies. In our conversation, we discover what motivates him. He is nonstop. He is extremely high energy. He’s very accomplished, very goal oriented, so, what motivates him? How he’s scaling his business with Thrive15.com. Plus, his best advice for aspiring entrepreneurs, how to once and for all start that business you’ve always wanted to start.  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 have a friend on the show today, Allison Fishman Task. She's a personal coach. Allison helps people move through life transitions. The majority of clients use Allison’s coaching to significantly change their careers, whether it’s moving up in their current role, starting their own business or finding a new, more meaningful job. She also works with parents-to-be and new parents as they prepare for the changes that come along with expanding a family. She knows this well - she is the mom to three children under the age of three. Can you believe it? She’s amazing. Allison received her coaching certificate from New York University. She also has a degree from Cornell in human development and family studies. Also, a fun fact about Allison... before coaching, she had another life in the culinary world. That’s how we met. She authored cookbooks and hosted culinary TV and web shows including TLC’s Home Made Simple and Lifetime’s Cook Yourself Thin. She also had a great show on Yahoo! called Blue Ribbon Hunter. Some take away with Allison, how she works with clients to help them transition to more meaningful place in their careers. She offers some case studies. Plus, the one million dollar financial failure that she learned the hard way but Allison being Allison took that failure, turned it into a remarkable lesson and to this day continues to learn from that financial failure. 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 decided to bring an avid listener from the podcast on today's show. He's been writing in, not just praising the show, but he has a really interesting story of his own about getting out of $50,000 worth of student loan debt. His name is Joe Koss. He is an accountant by trade and teaches as an adjunct professor at several colleges and universities on the topic of accounting and personal finance. Joe was once saddled with debt, a lot of it, everything from credit cards to auto and student loans. Most recently he had $50,000 in student loans and he worked to pay that off on time and as quickly as possible. He had about $28,000 left in that student loan figure and it was the biggest push he made to get rid of that in just 14 months. It turns out that teaching personal finance to a bunch of college students is what gave Joe the motivation ultimately to practice what he preached to his students. Some take away from our conversation with Joe. He shares the specific steps he took to get out of that $50,000 in student loans and why he was adamant about it. It wasn’t a very high interest rate, he was on a fixed payment plan. Why be aggressive with the student loans? How he budgets and it’s not very sophisticated but it works and the anonymous donation he gives to his students that’s helping them get a head start in 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.

In this week's episode of Ask Farnoosh, I answer your biggest questions about delaying your retirement savings in order to build up a downpayment for a home, how much you should actually aim to save in your 401(k), what getting a CFP entails 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.

I'm honored to have a very special guest on the show today. This is someone I wanted to have on the show from before I was even live with So Money. I always had a running wish list of guests, and she was at the top. Now, she is here - Sallie Krawcheck. Do you know Sallie Krawcheck? If you don’t know Sallie Krawcheck, you need to know Sallie Krawcheck. Maybe if you don’t work in the world of finance, you don’t follow business news regularly, you may not have come across her name, but she is a force in this industry. Right now, she is the CEO and co-founder of Ellevest. Ellevest is a soon-to-be launched digital investment platform for women. To me, Sallie has always been the ultimate pioneer for closing the gender wage gap and women’s rights in the work place. With Ellevest, what she’s really trying to do is close the investment wage gap. Sallie is on a very public and professional mission right now to help women reach their financial and professional goals. She’s also the chair of Ellevate Network, a global professional women’s network with thousands of members and growing. I'm actually a member. Sallie serves as the chair of the PAX Elevate Global Woman’s Index Fund which she recently launched and invest in the top rated companies for advancing women. Now, before becoming an entrepreneur, she was the CEO of Merrill Lynch Wealth Management and Smith Barney. So, she knows a thing or two. We want to talk about the gender wage gap and how women invest differently. We also discuss her own financial failures because she’s had some. She is very generous with going down memory lane and giving us those stories to help us avoid the same mistakes. Ellevest is also a really exciting venture. She has a website for us that she mentions during the conversation that we can go to, to try it out and experience it firsthand. 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 serial entrepreneur. He founded, led and grew numerous businesses in the financial services, real estate, media and tech sectors. Robert or "Bobby" Monks as he goes by, is out with a new tell-all book. It’s called, "UNINVE$TED: How Wall Street Hijacks Your Money and How to Fight Back." It offers an interesting perspective considering Bobby worked in finance for almost his entire work life. So, in this book he is blowing the cover on how Wall Street works. He’s got a lot to say on the matter. The book is really a way to teach Americans on how financial firms and money managers on Wall Street are profiting from our ignorance by over complicating the investing system. Bobby talks about how the system is corrupt and what we can do to change it and he would know. He was once the chairman of Spinnaker Trust, managing over a $1 billion in asset so he’s had quite the perspective. With Bobby, we learn how to seek out a financial adviser who is working in your best interest and is affordable. How to negotiate with your financial adviser to lower his or her fees and the costly truth about 401(k)’s. 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.

We have a fantastic, great, funny, beautiful, inspiring and smart guest today. She is Laura Belgray. She’s the founder of Talking Shrimp and creator of The Copy Cure. What is Talking Shrimp and what is The Copy Cure? She’s going to tell you about that. In the meantime, Laura has been a professional writer for nearly two decades and she has won numerous awards for her work. She creates website copy and corporate branding to help brands and people get the attention they deserve. Because you know what? Words matter! Through her work, with hundreds of clients including some names you might recognize like Marie Forleo, Mastin Kipp and Amy Porterfield, she’s seen firsthand that putting you into your copy is pure magic for getting people to love you, share your ideas and happily click your “buy” button. So, if you're in the online selling world, you want to listen to this episode. But in addition to online and small business type, Laura’s list of clients and credits include NBC, Bravo, HBO, TBS, Fandango and the list goes on. If you watch TV and don’t skip the commercials, you might just see her words on the air. Most recently, Laura and Marie Forleo combined their smarts to create The Copy Cure, which is "the ultimate online copywriting course" to help write like you talk and make people love and buy what you want to sell. Some take away from our conversation with Laura, her biggest money mistake and it took her years to finally make the right decision. Growing up in New York City, her exposure to money as a kid growing up in the big apple. How to earn what you want. This amazing trick that she incorporated into her own business practice, it was one decision and she woke up richer the next day. 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.

Lisa Gersh is the CEO of GOOP, a lifestyle website that features fashion, travel, food, all actionable content curated by a team led by Gwyneth Paltrow, the founder. Prior to arriving at GOOP over a year ago, Lisa served as President and CEO of Martha Stewart Living Omnimedia. She also co-founded Oxygen Media, serving as both the president and COO.  She and her team ultimately sold Oxygen to NBC for about a billion dollars. With Lisa I learned… The right way for someone to ask HER for a raise. She’s been leading companies for years. She’s been in charge of hiring and promotions. From her perspective, what’s a smart way to ask for more money on the job? Paying her way through college when her parents were unable to afford it. How she strategized. The future of GOOP…Lisa uses the term world domination. 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 investing as a rookie, changing your career path, 401k contributions 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.

The show today is about your relationship strategy. You may have heard the expression, "You are the average of the 5 people you spend most of your time with." Think about that. Do you like these 5 people? Do they support you? Reciprocate the help and advice you give? Our guest today is an expert in helping people strategize relationship building. Michal Roderick is the CEO of Small Pond Enterprises LLC, a consulting company and educational resource for solopreneurs, entrepreneurs and intrapreneurs. I had to look up the word intrapreneur…it’s someone who works INSIDE a company who exhibits entrepreneurial qualities. Michael was once a high school teacher turned Broadway producer in less than two years. That experience led him to start an arts incubator program to teach fellow artists how to build and grow their own businesses. Eventually, he developed a workshop on networking which grew into a full-fledged consulting practice and that's how Small Pond Enterprises was born. 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.