So Money With Farnoosh Torabi

In today's episode of Ask Farnoosh, I answer your biggest questions about how much to start investing, moving back in with parents to save money, budgeting your savings and budgeting for NYC living.

In today's episode of Ask Farnoosh, I answer your biggest questions about affording a second child, self directed IRAs, keeping your emergency fund in a money market account or a bond fund, and marketing your business.

Welcome back to another edition of So Money Summer Fridays! Today I'm replaying my interview with Jack Canfield author of The Chicken Soup for the Soul series. The book has sold more than 500 million copies in print since it first published in the early 1990s. I recall that series of books being mentioned on Oprah countless times growing up, didn't you? Maybe you have also read The Success Principles, first published a decade ago. This is a big deal.Jack was born in Fort Worth, Texas in 1944. He spent his formative teen years in West Virginia, later attending Harvard for college. He began his career in 1967 as a high school teacher in Chicago. And from there built his career into the blockbuster brand and business that it is today. Today he is the founder and CEO of The Canfield Training Group and founder of The Foundation for Self-Esteem. He holds a Guinness Book world record for having seven books on the New York Times best-seller list at the same time.

In this day and age, we hear a lot about women balancing it all: work, relationship, kids, life, etc. But what about women who work, who aren’t married and/or don’t have children? My guest today Melanie Notkin is a media entrepreneur: author, marketer, keynote speaker, and lifestyle personality.In 2007 she founded Melanie Notkin Media, Inc. - the first and only multiplatform media company designed for the growing global demographic of childless, often single, women.Savvy Auntie is the name of her popular and beloved lifestyle brand and bestselling book for cool aunts, great-aunts, godmothers and all women who love kids. The brand appeals primarily to Melanie’s proprietary PANK® (Professional Aunts No Kids) demographic of 23 million American women. In celebration of this "childfull" demographic, Melanie established Auntie's Day® in 2009. Savvy Auntie: The Ultimate Guide for Cool Aunts, Great-Aunts, Godmothers, and All Women Who Love Kids (Morrow/2011) is a national bestseller.Her latest book is called Otherhoo

Today I am interviewing the blogger Philip Taylor from PT Money. In 2007 he created his blog to share his experiences trying to get out of debt, building savings and getting educated on personal finance. Even though he had finance in his blood – his father was a CPA – already had a career as a CPA himself doing financial auditing and public accounting, he still needed to learn more about personal finance. But he quickly took control of his financial life, and turned his situation around – blogging about it all the way.In 2011, he created FinCon, an annual conference for financial bloggers in the fall, which I have attended!He has also written for U.S. News & World Report, TurboTax and others, as well as made a few TV appearances.He generates his income entirely from his blog, and focuses on saving for early retirement, growing his businesses, investing in real estate and investing in his family.Three key takeaways:Starting a part-time blog in 2007 and how he was able to grow that into a full-fledged business.

Today’s guest is a friend and one of my go-to financial experts. YES. Financial experts have financial experts. Jeff Rose is a self-made millionaire. He is the founder of GoodFinancialCents.com, is a Certified Financial Planner™ professional, CEO of his own wealth management firm, Alliance Wealth Management, author of the best-seller “Soldier of Finance” and host of his own podcast Good Financial ₵ents. He is also a husband and dad of three super cute boys.Three takeaways from our interview today include:His time as a soldier in Iraq and how that led him to being a financial advisor and advocate today.Why Jeff does NOT believe in target date funds.Why and how he purposely taking time off of work to improve his business.If you would like to learn more about Jeff Rose, visit his website www.goodfinancialcents.com or follow him on Twitter @JJeffRose.

What’s your definition of cheap? Do you think you’re cheap? Is the person you’re living with – cheap? I got into trouble once because I went on ABC news and talked about MY personal definition of cheap versus frugal…To me, being cheap means wasting time and energy to save money, being inconsiderate or rude or harmful in your pursuit of saving money. And as an example I mentioned some forms of extreme couponing. And boy did that get the couponers MAD! I got SO much hate email…! Now, not all couponing is bad. But I know there are people out there who spend hours a day to cut coupons and all they save is $20 or $30. $20 or $30 is not insignificant BUT when you account for all that time and energy and perhaps the fact that you were cutting coupons while your son needed your help with his science project…(I’m making this up!) that perhaps you’re not being frugal. You’re being CHEAP. And if you’re going to hate me for saying that, that’s OK by me! And all of this brings me to TODAY’s guest. Jeff Yeager, dubbed “The

In today's episode of Ask Farnoosh, I answer your biggest questions about umbrella liability insurance, paying off your car, transition from working in the public sector to the private, investing in plastic surgery, entrepreneurship, saving for your kids future and breakups.

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.

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 boo

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.

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.

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 a

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 hi

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.

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.

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.

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.

Today’s guest is going to share the importance of having mentor in our lives…She is the author of the new book Getting There: A Book of Mentors. In it she interviews 30 leaders across different career paths that share their journey on the road to achieving success. From Warren Buffett to Frank Gehry to Sara Blakely, the billionaire inventor of Spanx shapewear for women.Her book offers great advice for everyone from students to those who’ve been working in their fields for years. It’s practical and priceless wisdom that we can apply across the board whether in our careers or elsewhere. She also wrote the book New York Characters, which pays tribute to some of the most interesting New Yorkers at the time. Gillian also received her law degree from the Benjamin N. Cardozo School of Law and is a photographer. She lives in NYC.

Hannah Ouimet is here on the show today. She's running a six-figure fashion business from her phone, yes, by selling some of her unwanted clothes and accessories. And now she's gotten so good at it, she knows how to buy items elsewhere at a low cost and re-sell them. And by the way, she's only 23-years-old. She got her start in college and she's still in college. She decided to just sell some things from her closet that she didn't want anymore to make a few extra bucks, and she did this on a site called "Poshmark", which allows users to sell their unwanted clothes and accessories to fellow Poshmark App users.And before she knew it, Hannah was not only making a profit selling her own stuff, but also her friends items. She started buying designer apparel on deep discount, reselling that for a profit, and over time she has amassed something like 2 million users on Poshmark and she's been inspired to actually go out on her own, still working with Poshmark but also starting her own e-commerce shop called "Hannah B