So Money with Farnoosh Torabi

In today's episode of Ask Farnoosh, I answer your biggest questions about where to put short-term savings, best way to save for college, negotiating your salary and benefits, managing your 401K, robo-advisors and starting a blog.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.

Happy Friday everyone. I'm doing a new thing starting this Friday and every Friday until the end of the summer. I've decided, just decided the other day, that I'm gonna air re-runs. You know, summer Fridays tend to be quieter than the other days, and I see it in my download numbers. I don't get as many people listening in on Fridays. Also, it's hard to get guests over the summer. So I'm at a point now where it's a lot easier for me to just air re-runs on Fridays. I hope this isn't gonna be too much of a problem for listeners. I mean I have already listeners telling me to slow down a little bit, and this is a way that's helping me but also addressing I think the demand out there. I can tell, you guys have other things to do on Fridays.And those of you that are tuning in, thank you! I appreciate you. But for now until the end of the summer, let's just dedicate Fridays to some oldies but goodies. And today we're gonna kick it off with the great David Bach. David, as you may know, is famous for his FinishRich books including Start Late, Finish Rich and Smart Women Finish Rich. One of my personal favorite books of David’s is The Automatic Millionaire. We talk about David a little bit actually in yesterday's show with James Altucher when he is trying to convince me that 401(k)'s are thumbs down, no good and I took him to task, but mentioned David Bach's input as well there. David is also an internationally renowned motivational and financial speaker. He's a regularly featured financial expert in the media, you've seen him everywhere! He's been on the Oprah Winfrey show six times. He's been a regular contributor to The Today Show. I've been next to David many times on The Today Show, very privileged to say that I've had that opportunity.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.

My guest today may sound familiar…and that’s because he’s been on the show before. I was lucky enough to have my friend, author James Altucher on my 3rd So Money episode, and now he’s back on my 193rd. Time flies!James and I worked together at TheStreet.com where did countless videos about investing, stocks, the economy. Today he’s discussing his new book called Choose Yourself Guide to Wealth – a guide for navigating the new financial world we live in and generating wealth and freedom.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.

My guest today is coming to us all the way from Australia! Her name is Julie Parker, and she is one of Australia’s foremost life and business coaches and trainers. Julie was raised by a single mother on welfare and started her career as a social worker earning just above minimum wage. Since then she has become a life coach and started a successful business. She has had sixteen years of experience in coaching and has inspired hundreds of clients and thousands of people. In 2014, she started her company The Beautiful You Coaching Academy, which has quickly grown into a 500K per year business!Julie also has appeared in DailyWorth, Elle, Cosmopolitan and Vogue, and is a TEDx speaker and published author.She is a testament that it is more than possible to change your money “genes and lineage” while also having a career focused on helping others.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.

Back in 2007 our guest today Steve Chou and his wife Jennifer found themselves in a position that many couples face. Jennifer found out that she was pregnant, and with their growing family came greater financial concerns. Neither Steve nor Jennifer were happy with their jobs, and were stuck in a routine of complacency: drag yourself out of bed, go to work, come home, watch television, go to sleep, repeat. But with the news of the baby Steve became motivated to take charge of his life and provide better financial security for his family – especially knowing his wife wanted to quit her job to become a stay at home mom. He and Jennifer had to find a way to replace her six-figure income; thus they created Bumblebee Linens, an online store for linens for special occasions. The success of the business allowed Jennifer to stay at home while still providing for her family, while Steve kept his day job. He started mywifequitherjob.com to share his experiences and help other families deal with the same challenges. He also has a podcast of the same name, and an e-commerce course on how to create a profitable online store. Steve is a graduate of Stanford University with bachelors and masters degrees in electrical engineering, and currently works for a startup company in Silicon Valley.Three key takeaways:How he advances his business by devoting one day per week to planning for the future.The business idea that he and his wife fell upon as they were about to get married.Finding his audience and clients for his new online course.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.

Knowing how much to put aside for the future, emergencies or anything else for that matter can be challenging. How much can you afford to save? How much do you need to reach your goal? What if there was only an app that could figure all of that for you and actually save on your behalf?Introducing: Ethan Bloch, the founder and CEO of Digit: Automated Savings, an automated savings tool with text-enabled communication. The app connects to your checking account, which allows Digit to analyze your income and spending habits to find small amounts to save for you. Those amounts increase (or decrease) based on your lifestyle. And you can easily, and with NO FEE, withdraw money from the Digit savings account via text whenever needed. Since its launch, Digit has saved an overall $20 million for users.Ethan has had over a decade of experience in finance, and his last company, Flowtown, was acquired by Demandforce (Intuit) in 2011. He says that he as been “obsessed with personal finance” since he was 13, and has spent his career doing just that. With Digit he provides a solution for modern problems in personal finance.Three takeaways from our interview:Why Ethan says the big banks can’t compete with Digit.How the app determines how much to save on your behalf. What if your income's sporadic?The sore lesson Ethan learned after investing his bar mitzvah money.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 wanted to be able to answer as many of your questions as possible so today we have a special extended edition of Ask Farnoosh.  On today's episode, I answer your biggest questions about, what to do with a raise, starting a "mastermind group," how much to have in an emergency fund, and prepping for an impending layoff.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 wanted to be able to answer as many of your questions as possible so today we have a special extended edition of Ask Farnoosh. On today's episode, I answer your biggest questions about rebalancing your IRA, how I shifted from being a financial writer to a media personality, finding speaking engagements, how to make your savings grow, paying off student loans, side hustles, saving for retirement, what to do with inheritance, and the ramifications of filing bankruptcy.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.

Many of you have requested my guest today to be on So Money, so I’m very excited to finally have her here: Paula Pant of the blog and movement Afford Anything.  She is a self-proclaimed globetrotter, entrepreneur and investor.  She has traveled to 33 countries and owns seven rental properties – wow, can I come visit?  But above all, Paula is her own boss and lives on her own terms, which sounds pretty great to me.  Her belief is that money can fuel your dreams and that it’s about growing your wealth, not pinching pennies.  Her blog Afford Anything is part of a larger movement to allow people to ditch the 9-5 lifestyle and master their money to embark on their dreams.  For Paula her dream was to travel …and as a newspaper editor and reporter she found her work exhilarating but it wasn’t enough. She wasn’t pursing her dreams.  She quit her job eventually to travel the world…and from that experience AffordAnything.com was born.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.

You asked for it and this week we made it happen... I'm in the So Money hot seat! My fellow podcaster Joe Saul-Sehy from Stacking Benjamins stopped by to interview me about my earliest money memories, my financial mistakes and my so money moment. Joe was also a guest on the show last week  where he gave great advice for making a successful podcast and how he and his wife communicate about money.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.