So Money with Farnoosh Torabi

In today's episode of Ask Farnoosh, I answer your biggest questions about inheriting your parents student loans, using your credit vs. your debit card, steps you should take if you plan on renting your home 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.

Imagine being a millionaire and then losing most of your wealth in an instant. My guest today stared down the barrel of bankruptcy at as the head of a financial markets education company during the most recent financial crisis.Her name is Julie Ann Cairns and she’s here to today to share her riches to rags…back to riches story. She has a new book out this month called The Abundance Code: How to Bust the 7 Money Myths For A Rich Life Now…based largely on her own personal experience with the ups and downs of money, as well as the lessons learned from coaching clients.Julie Ann has more than 20 years of experience in analyzing global economic trends and the financial markets. She has a bachelor of economics with honors in econometrics from the Australian National University and a master of economics and finance.Julie founded Trading Pursuits Group, a financial market education company where she serves as the Managing Director.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 on the show we have, whom I think is a true leader in the financial education space. He is one of the first personal finance bloggers to really take the stage in a big way in the early 2000's before financial blogging was really a thing. Similar to J.D Roth who has been on the show, who is the founder of Get Rich Slowly, a very popular personal finance site. We have on the show today H. Luke Landes, or Luke. He's the founder of Consumerism Commentary, you may have heard of it, one of the first independent personal finance blogs. And on it, Luke held himself accountable for his own financial decisions. He had quite a journey to financial independence. The website became one of the most popular to provide basic financial guidance to, particularly young people, focusing on education, awareness, and decision making.Luke also had an accompanying podcast on which he's interviewed me several times and so I'm happy now to have him on my show and put him in the hot seat. Luke is also the founder of the Plutus Awards, a way to highlight independent financial publishers. I actually took home the Plutus Award last for Best Personal Finance Book when I published "When She Makes More". So I'm deeply grateful to Luke and to all those involved in the awards for that honor. And speaking of Plutus, Luke is also the founder, the new founder of Plutus Foundation, a community foundation with a mission to provide opportunities for the financial media community to support programs that enhance the financial capability and well-being of citizens of the world. What a mission!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 nationally known TV journalist as well as a critically acclaimed author and nationwide speaker. Elisabeth Leamy is most known for contributing to the Dr. Oz show and ABC News as a consumer advocate and money-saving expert. Elisabeth has been contributing to the Dr. Oz show since 2013 as an consumer and investigative correspondent. Prior to that, she spent 9 years working as a Consumer reporter for Good Morning America and other national ABC News programs. She still contributes to ABCNews.com where she writes a money column. She is also the author of two books including “Save Big: Cut Your Top 5 Costs and Save Thousands” and “The Savvy Consumer: How To Avoid Scams and Rip-Offs That Cost You Time and Money.” 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.

If you’re looking to write a book and have it be successful, to help you build your brand and business, then you’ll love hearing from today’s guest! Rob Kosberg is joining me and he is a marketing and brand-building expert who specializes in helping his clients become “go to” experts in their respective fields.  He’s also a best-selling author having wrote Life After Debt: Practical Solutions To Get Out of Debt, Build Wealth, And Radically Transform Your Finances Forever! His book address strategies and the mindset needed to overcome debt and live a debt-free lifestyle. The book has since translated into a podcast also called Life After Debt. 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.

Mrs. Frugalwoods is a self-described frugal weirdo, all the way from Boston. She's one of a couple that's set on living on an extremely small budget with the goal of retiring in their 30's. They're called The Frugalwoods and their blog is apply titled Frugalwoods.com. There they chronicle their journey. They live in Cambridge, also known as Frugal City, with their dog Frugal Hound who makes frequent appearances on the blog and the couple saves more than half of their income in the hopes of retiring to a homestead in rural Vermont one day. Their end game is to create a new fulfilling life for themselves close to nature and be able to garden and just live off the land. They've become so efficient at saving that they spent just $13,000 last year in the city of Boston. How is that possible? They're also expecting their first child and have just spent about $20 on the baby so far. Is that gonna keep up? How is this possible, right? Right now they are 30 and have just three years, they say, to go until retirement. In our conversation with Mrs. Frugalwoods, Mr. Frugalwoods was at work so we just got Mrs. Frugalwoods on the phone, but she has some amazing advice 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.

In today's episode of Ask Farnoosh, I answer your biggest questions about the future of education, what to do when you and your spouse don't agree on your financial advisor, what to know when inheriting someone else's 401k and what to look for when buying a new house. 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 today's episode of Ask Farnoosh, I answer your biggest questions about the best way to self-publish a book, paying for grad school without going broke, what to do when you're in a high cost of living area 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.

We are rounding out So Money "Millennial" week!A “So Money” Millennial is someone who has proven to have accomplished a great deal in the their financial life in their 20s or early 30s. So often we hear about the struggles which are very real and sobering: the average college student graduates with around $35,000 in student loans, often lots more. It’s tough to find a job, save and sometimes you have to live with your parents. But today’s guest wrote in to me to say that she believes she is ahead of the curve. And I have to agree.We’re going to be speaking with Latrese Bookhard.  She is twenty-six and currently serves in the military.She says, Farnoosh, "I’m debt free, have a net worth approaching $100,000 and I paid off $53,000 in student loan debt. I max my annual Thrift Savings Plan and Roth IRA contributions. I save well over 50% of my take home pay and consider myself an aspiring “Millionaire Next Door” and early retiree. I’ve always been frugal but I kicked everything into high gear when I found a Yahoo Finance article profiling Mr. Money Mustache two years ago. His blog has led me to many other blogs, books and podcasts and has helped me really change how I think about money."So let’s learn more about Latrese. How does she think about money and what lessons does she have to teach us all?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.

Sophia Bera is in her early 30s and has already started her own company, GenY Planning, which delivers comprehensive financial planning to people in their 20s and 30s across the country.Most financial planners require an asset minimum of $1 million, making it an unattainable resource for most people, particularly millennials seeking advice with how to start building their finances. With Gen Y Planning, Sophia, a certified financial planner, is determined to shake up the financial planning industry, and work with clients today so that they can reach $1,000,000 in the future.But interestingly Sophia actually never planned to be in finance. She was actually a Theater Performance and Women’s Studies major in college at Minnesota State University-Mankato. While in college, she set the impressive goal for herself of buying a house after graduation, and she became obsessed. She spent her time between classes at Barnes and Noble reading everything she could about money, personal finance, real estate and building wealth. And at the ripe age of 21 when she graduated, she bought a house.Seeing her success, her friends began to ask her for advice, which lead her to becoming a CFP and eventually starting Gen Y Planning.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.