So Money With Farnoosh Torabi

Many of my guests on the show have told me how important it is to start talking with kids about money… early and often. And one of my recent guests, Ron Lieber, the author of “The Opposite of Spoiled” has taken it a step further. He suggests that we help children learn how to associate money with a work activity…. that is ideally above and beyond their regular household chores. (i.e. don’t give them that allowance for free… have them earn it!). Today’s guest is a great case-in-point. She grew up in a family where money was a frequent topic on the family agenda and every moment was used as an opportunity to help kids acquire good money habits. Tiffany Aliche is the rising star in the personal finance world and the founder and CEO of TheBudgetnista.com It’s a financial education firm, which provides seminars, workshops and, more importantly, financial empowerment to thousands of women across the globe. Tiffany is the bestselling author of the book, The One Week Budget, and has been featured on NBC, PBS, The New

Have you ever watched when kids play … and wished that you had the same bold, fearless attitude towards… pretty much everything? It seems that no matter what, they always seem to bounce back with more energy than before! Today’s guest is fearless. He’s a serial entrepreneur, a proud father of four and a lucky carrier of the “success gene” (unofficially) which, he says, has helped him and other generations in his family quickly get back up on their feet after “hitting a bump on the road”. His name is Ryan Lee. Ryan started his first website back in 1999 while still working full-time as a recreational therapist at a children’s rehab hospital. That site was supposed to promote his sideline personal training business. Instead, he grew it into a giant empire spanning multiple markets and generating 7-figures of income every month. But it didn’t happen overnight. In his own words: “it took… years of lots of trial and error to finally "crack the code" and have enough nerve (and consistent income) to leave the secure

I’m excited to welcome our first stock expert and active investor on the show, Frank Curzio. By now, you probably know that I subscribe to the passive philosophy when it comes to investing – that’s right I love my index funds! However, a lot of you have expressed interest in participating directly in the stock market… so I thought that Frank would be a fantastic resource for you and could give you another prospective on investing so you can decide which one is right for you. I’ve known Frank for almost a decade. He is one of America’s most respected and recognized stock experts. He’s been analyzing stocks for almost 20 years and has traveled all over the world to find the best companies to invest in. He currently writes the Disruptors & Dominators newsletter for Uncommon Wisdom, a division of Weiss Research. And prior to that, he was an analyst and editor at Stansberry Research. Frank has also experience working for one of the richest hedge-fund managers on Wall Street and is the host of the Wall Street Unplu

Should I bank on social security? And what financial moves should I make now before I move overseas? Lots of great questions on this edition of Ask Farnoosh.

Farnoosh answers your biggest money questions. Today: What's the ideal age to retire and how much should I have? and How do you How do you approach that first investment or business move when you've made a bit of money? 

I’m excited to welcome our first LOVE guru on the show. Her name is Marni Battista. She is the founder and CEO of DatingwithDignity.com, a million dollar plus company specializing in helping her clients to FIRST fall in love with themselves, create a life they love, and THEN find someone amazing to love. As a divorcee herself, Marni truly understands what it feels like to be lonely and sick of wasting time on dates that go nowhere. I actually interviewed Marni extensively for my book, When She Makes More, which arrives in paperback next month…She has some exceptional and important advice about how successful and ambitious women can attract THE ONE…when it feels like your “ambition” is a turn-off to the opposite sex.Several takeaways from our interview:-- How one becomes a LOVE guru-- Marni’s 15 minute daily ritual which helps her stay centered and keeps her finances in check-- How Marni developed a close, committed relationship with money-- The financial coach she hired and how this person changed Marni’s att

Let's say you or your child gets accepted to Stanford or Harvard, an elite private college that consistently ranks in the tippity top of higher ed rankings and where graduates tend to get the best jobs with the best pay. But here's the catch: It'll cost close to $200,000 to attend. In the grand scheme of life, is it worth it?I posed this question to a recent guest on my podcast, Lynnette Khalfani-Cox, a financial expert who's published a great book called "College Secrets: How to Save Money, Cut College Cost, Graduate Debt Free.” Lynnette's own daughter is currently considering colleges and so this question is hitting very close to home. Catch her full interview in Episode 72. 

Today’s episode: What it means to live a truly wealthy life. Told by a man who’s job it is to report on the country’s ultra rich, how they think, act, save, spend and invest. Paul Sullivan writes the Wealth Matters column for The New York Times and is the author of the new book The Thin Green Line: The Money Secrets of the Super Wealthy. The thin green line is an interesting phrase…implies that there may not be such a huge barrier between the haves from have nots. We’re going to dive into that. Paul, himself, is admittedly a part of the 1% but in writing this book he discovered his financial weak spots …that it’s not how much you make but how you manage it, how you protect it..that ultimately puts you in control of your money…and not the other way around. A few takeaways from our time with Paul: -- How most people regardless of their income can get on the right side of the ‘Thin Green Line‘ if they really want it to. -- Paul’s financial philosophy of “fierce mental accounting.” -- How to spend smart…lessons f

Today’s guest makes me feel terribly under accomplished. He is a modern day Renaissance man. His name is Kabir Sehgal. I was introduced to Kabir by a mutual friend who thought he’d be a perfect fit for the show because he just wrote a New York Times bestselling book about the history and biology of money. The book is called Coined: The Rich Life of Money and How Its History Has Shaped Us. In it, Kabir explores how and why money has come to play such a central role in everyday life and unveils the neuroscience behind our money behavior. As the New York Times says, "If you've been waiting for an economic version of 'Eat, Pray, Love'  this may be it."   Kabir traveled the world for a few years to report on this topic and as if that wasn’t impressive enough, I learned this is actually Kabir’s second book. His first – Walk in My Shoes - was a New York Times bestseller, too. Oh, and by the way, the man is also a Grammy award winning musician.   Three takeaways from our interview:   -- The secret to Kabir's career s

If you are thinking about going to grad school… or have children heading off to college soon, you’re probably wondering 'How the heck can I afford it? How do I plan for it?’ The cost of higher education in the US has skyrocketed more than 500% over the past 30 years, all while salaries and labor market have stagnated. Today’s guest, Lynnette Khalfani-Cox, who is the CEO of TheMoneyCoach.net and a New York Times bestselling author of “College Secrets: How to Save Money, Cut College Cost, Graduate Debt Free” is here with us today to dispel misconceptions about college and give important advice on how to make school affordable for you or your child and family. Before launching TheMoneyCoach.net in 2003, Lynnette worked for nearly a decade as a Dow Jones Newswire reporter and a Wall Street Journal reporter for CNBC, where she covered business and personal finance news. Three takeaways from our interview: -- 5 financial options you should consider before applying for student loans -- What criteria determine the “b

Today’s episode is another great reminder that no matter how painful a life blow or a career setback, you can still recover… and not just survive but flourish and lead a richer, happier life. Today’s guest was let go as the CEO of a major financial services company after having invested in it his whole life. In his own words, “I was embarrassed. I was humiliated and I was devastated.” But as they say “when one door closes, another door opens.” As a result of simply having more time on his hands, he got to experience something he fell in love with, something so refreshing and captivating that he now says he would have loved to do it much earlier in life… His name is David Pottruck. He is the author of the bestseller, Stacking the Deck, How to Lead Breakthrough Change Against Any Odds and the former CEO of Charles Schwab, a company he says he “grew from $5 billion… to a trillion dollars”. Almost a decade later, David is now the Chairman of HighTower Advisors, a $25 billion wealth management firm that he helped

In today's episode of Ask Farnoosh, I answer your questions about monetizing a website, whole life insurance and the best way to withdraw your pension in retirement when you're married. For more visit www.SoMoneyPodcast.com  

Should I lease a car? What should my net worth be? What medical marijuana companies are hot? I have a ton of money, so should I pay of my student loans or invest? Today's Ask Farnoosh questions run the gamut!

Three years ago the United Nations sanctioned March 20th as International Day of Happiness – day to drive awareness for the need for happiness in our worlds. Today’s guest is a major supporter of this event. He is the founder of Live Happy magazine, Jeff Olson, and for the second year in a row, Live Happy has joined the U.N. with its own mission to lead a global movement to inspire the world to think, act and live happy with the #HappyActs Challenge. For more, check out HappyActs.org. Jeff Olson is also the Founder and CEO of Nerium International™. He is the autrho of the best-selling book, The Slight Edge. A few takeaways from our time with Jeff: How happiness correlates to prosperity in your financial life. Jeff's "Millionaire Next Door" mindset and how it helps him protect his wealth. The benefits of growing up poor and the financial breakthrough Jeff experienced in college. 

For most of us, including yours truly, having strict deadlines can be very helpful in achieving our goals… And for today’s guest, Jaime Tardy, a 9-month deadline put her quickly into action to become financially free. She became pregnant and had a limited amount of time to pull her financial life together before welcoming her new baby. And she did it! At the same time she managed to quit her 6-figure full-time job with an expense account with confidence! Today Jaime owns her own business and has transformed her lifestyle of working 24/7 to just 30 hours a week… Jaime also writes about her experience in her new book The Eventual Millionaire.  In it she also chronicles what she’s learned from over 120 millionaires interviewed on her podcast with the same title The Eventual Millionaire. They discuss the tricks that worked in building their business (and what they wish they had done differently!). In addition to being an author and a blogger, she is also a successful business coach working with entrepreneurs who

If you’re someone interested in the psychology of money and learning more about yourself and why you do what you do when it comes to money, you’ll enjoy today’s episode. Today’s guest is author Gretchen Rubin, who started her career in law and was clerking at the Supreme Court when she realized that she really wanted to be a writer. Since then, she’s become one of the most thought-provoking and influential writers on habits and happiness of our time. She is the author of several books, including the blockbuster #1 New York Times bestseller The Happiness Project.  It is based on the year in Gretchen’s life which she spent experimenting about how to be happier. She is out with a brand new book – Better Than Before: Mastering the Habits of Our Everyday Lives. Three takeaways from our interview: -- The 4 human tendencies we all should be aware of… (And the tendency quiz you can take on Gretchen’s website that will help you learn about yourself.) -- Why degree of temptation and your personality matter when establi

Today’s guest is a leading expert on money, kids and financial literacy and the creator of the Money Savvy Pig. She is also a banking and investment management veteran who worked with high net worth individuals for over 2 decades and advised them on what they should and shouldn’t do with their money. Her name is Susan Beacham. Susan founded her own company, Money Savvy Generation, in the late 90’s after seeing how much her own children wanted to learn about money. Since then, her company has developed a wide portfolio of products that’s helped millions of parents and educators teach basic personal finance skills to school-age children. Three takeaways from our interview: -- Susan’s inspiration to leave corporate America after 18 years to start her own company. -- Her money mantra that requires her to “stop, think and reflect.” -- How Susan’s own grandmother influenced her financial philosophy and helped her become a strong saver.

oday’s guest is a podcasting legend who’s inspired millions to act on their entrepreneurial dreams – including YOURS TRULY. He is the Founder and Host of EntrepreneurOnFire, an award winning and uber successful podcast where he interviews incredibly inspiring entrepreneurs 7-days a week… His name is John Lee Dumas. John started his career in the US Army where he served for 7 years, 3 in active duty and 4 in the Army Reserves, before becoming a civilian at age 26. He then dabbled in a variety of professions, including working in corporate finance, a tech start-up and real estate, not to mention a semester long stint in Law School! But nothing felt right until he discovered podcasts… first as an avid listener and now as the creator of his own podcast, EntrepreneurOnFire. He’s also created Podcasters' Paradise, an online community filled with passionate podcasters, video tutorials and so much more that will help you create, grow and monetize your podcast. I am a proud member of this community. Three takeaways fr

In this episode of AskFarnoosh questions regarding how to buy disability insurance, saving on childcare and how to hire a tax preparer.  Also, where can  you legally "hide" money to position yourself in the best way possible to receive financial aid for college?for more visit SoMoneyPodcast.com

On today's episode of Ask Farnoosh, answering your questions about reducing the interest on a six-figure student loan figure, choosing a travel rewards card and how to afford graduate school. Is it always worth it?  For more visit www.SoMoneyPodcast.com