So Money with Farnoosh Torabi

Latest Episodes:

542: Ask Farnoosh, How can I lower the interest rate on my mortgage? Mar 03, 2017

Show notes

How can you lower your interest rate on your mortgage? What's my favorite app for teaching college kids how to be responsible with their money? Should you take a career risk and join a company as their first employee? Answering these questions and more on this week's Ask Farnoosh.

For more information visit www.somoneypodcast.com.

How's midlife going? Fill out Farnoosh's survey and help shape the podcast in 2027.

Hosted on Acast. See acast.com/privacy for more information.

541: Amanda Steinberg, Author of "Worth It" Mar 01, 2017

Show notes

How much is your self-worth tied to your net worth? Do you even know what your net worth it? Our guest today is on a mission to help people, especially women, increase BOTH their self and net worths. My friend Amanda Steinberg, genius founder of the personal finance website DailyWorth and the investment platform WorthFM has a new book called WORTH IT: Your Life, Your Money, Your Terms. What are the some of the silly stories we tell ourselves and society tells women around money? How was Amanda's unruly upbringing a big inspiration for the book's message? And also, what happened when Amanda got seated next to Oprah Winfrey at an event last year?

By the way, Amanda was on So Money Episode 40. Tune into that to learn about her financial upbringing, money failures, financial wins and so much more.

For more information visit www.somoneypodcast.com.

How's midlife going? Fill out Farnoosh's survey and help shape the podcast in 2027.

Hosted on Acast. See acast.com/privacy for more information.

540: Emelyn Northway & Dorie Smith, Of Mercer Co-Founders Feb 27, 2017

Show notes

As the saying goes: "Dress for the job you want, not the one you have.”

But, ok. What if you can’t exactly wear Prada to work each day? And the affordable options just don’t fit right or are made of lousy materials?

That’s where today's guests enter. Dorie Smith and Emelyn Northway are the co-founders of Of Mercer, career wear for the modern professional woman.

They met one fateful day while both attending business school at the University of Pennsylvania. They spotted each other across a crowded room because – guess what? They were wearing identical outfits.

They initially launched the brand back in 2013 as an ecommerce site. The company has received praise from top media outlets including The New York Times, Forbes and Inc. Magazine. Last year they finally opened their first brick and mortar store in New York City.

So how do two business students – with no experience in fashion – get the know-how and raise enough money to start a successful fashion line? And how to know when pairing up with a business partner makes sense?

For more information visit www.somoneypodcast.com.

How's midlife going? Fill out Farnoosh's survey and help shape the podcast in 2027.

Hosted on Acast. See acast.com/privacy for more information.

539: Ask Farnoosh, Help! My boyfriend wants me to move to Australia...will this hurt my career? Feb 24, 2017

Show notes

Should I move from NYC to Australia and will I be able to find a job there? Should I roll over my 401k from my old employer into my new 401k or a Roth IRA? I answer this and more on this week's Ask Farnoosh.

For more information visit www.somoneypodcast.com.

How's midlife going? Fill out Farnoosh's survey and help shape the podcast in 2027.

Hosted on Acast. See acast.com/privacy for more information.

538: Emily Williams, Success Coach + Entrepreneur Feb 22, 2017

Show notes

Raise your hand if you went through a quarter life crisis? I sure did. It was more like a quarter life hyperventilation/nervous breakdown. I was in a movie theatre with my brother watching the movie BIG FISH, that Tim Burton movie with Ewan Mcgregor and Albert Finney (aka Daddy Warbucks!) TEARS streaming down my face during this film. It wasn’t because it was a particularly sad movie. I just couldn’t get my mind off of work and the stress and the lack of sleep and how my boss was a total monster and on and on and on. I was also $30,000 in debt. I could have really used today’s guest for help back then. Success coach and entrepreneur Emily Williams works with female entrepreneurs all over the world and helps them overcome the financial, emotional and all other obstacles standing in front of their way. At one point Emily, herself, had $30K in credit card debt and $90K in student loan debt. She had a meltdown in her 20’s and we’ll talk about how she managed to turn things around. When she finally got the idea to launch her own coaching business she went from making just $442, hitting six-figures by month six and growing it to seven figures in under 18 months.

For more information visit www.somoneypodcast.com.

How's midlife going? Fill out Farnoosh's survey and help shape the podcast in 2027.

Hosted on Acast. See acast.com/privacy for more information.

537: Ted Gonder, Co-Founding CEO of Moneythink Feb 20, 2017

Show notes

I'm a big believer in never underestimating a child's ability to learn about money at an early age. Researchers at Cambridge University discovered that kids can learn and take on good money habits by the age of 7. Meantime, a new study by Acorns, the micro-investing app, found that nearly two out of every five millennials say they feel anxious when thinking about daily expenses, especially debt. And more than half surveyed felt their formal schooling left them ill-prepared for success. Today's guest is working to give young adults a better chance at managing their money well. Ted Gonder is the co-founding CEO of Moneythink, a national technology non-profit that helps young adults - particularly first-generation college students - build financial health through mentorship programs and mobile apps.

It first launched in 2009 and since then has trained over 1,500 college leaders to serve as financial mentors and role models to over 12,000 teens across 17 states. In 2015, Ted was recognized for his work by being named to Forbes' 30 Under 30 list as the youngest in the finance category. He also served as the youngest appointee on the U.S. President's Council for Financial Capability for Young Americans under Obama.

For more information visit www.somoneypodcast.com.

How's midlife going? Fill out Farnoosh's survey and help shape the podcast in 2027.

Hosted on Acast. See acast.com/privacy for more information.

536: Ask Farnoosh, Will a credit card debt consolidation loan affect my credit? Feb 17, 2017

Show notes

Will a credit consolidation loan affect your credit score? Should you try investing in index funds if you're already investing in mutual funds? Or should you build up an emergency fund or pay down student loans? I answer these questions and more on this week's Ask Farnoosh.

For more information visit www.somoneypodcast.com.

How's midlife going? Fill out Farnoosh's survey and help shape the podcast in 2027.

Hosted on Acast. See acast.com/privacy for more information.

535: Lisen Stromberg, Author of "Work Pause Thrive" Feb 15, 2017

Show notes

I'm the worst self-employer. I'm only giving myself like 4 weeks of maternity leave. And the only way I'm affording this is working my butt off in the months before and the months after. But honestly, I am also extremely lucky. I get to decide what works for me, as an entrepreneur. I can afford to hire the support I need to help my family and to help my business. I'm very fortunate, too, in that I have a husband who values his family and prioritizes it over his work. His company provides four weeks of paid maternity leave, too, for dads. Not bad.

The issue of opting out and "family leave" is a topic I am deeply interested in and when I heard that our next guest had a book coming out on this issue, I jumped at the chance to invite her on the show. LisenStromberg is here and she's the author of the new book Work Pause Thrive: How to Pause for Parenthood Without Killing Your Career. Lisen took time off after having her second child but then pivoted to another career shortly thereafter. In her research, she interviewed 186 women and surveyed 1,500 women to detail how other successful mothers leveraged their time off from work to achieve their personal and professional goals.

Opting out comes at a cost, of course. And Lisen breaks down the financial trade-offs families need to consider when making the decision to leave a job temporarily. we also discuss the good pressure Millennials are placing on workplace norms to give workers more flexibility and family support. And the $1.6 million she walked away from to opt out of the workforce.

More about Lisen: She is also the CEO and Founder of PrismWork where she and her team work with companies, leaders and advocates to ensure women and Millennials thrive in the workplace. She is also the COO of the 3% Movement, which is committed to changing the ratio of women in leadership in the advertising industry. Lisen was once a marketing and advertising executive herself.

For more information visit www.somoneypodcast.com.

How's midlife going? Fill out Farnoosh's survey and help shape the podcast in 2027.

Hosted on Acast. See acast.com/privacy for more information.

534: Erica Keswin, The Spaghetti Project Founder Feb 13, 2017

Show notes

How involved are you within your company? Do you like the culture there? Do you connect with your coworkers or do you feel like you're just going in every day, sitting down at your desk and getting straight to work? I ask because our guest today is Erica Keswin and she's all about understanding the dynamics and relationships of people and technology in the workplace.

This past fall she founded The Spaghetti Project in her living room with a group of fifty people. She got the idea to start the company after reading a 2015 Cornell Study that found that eating meals together improved firemen's performance. Intrigued by this idea she wondered how it was possible to get people to connect more with friends and colleagues in the workplace. So she started her research company to identify how smart companies are making this connection.

But I think what really makes this interview worth listening to is the story of Erica's past... as a child, money was tight. Her mom, especially had a hard time, getting stopped at a store for shoplifting. It was a turning point for her. Listen to how it's impacted her financial life today.

For more information visit www.somoneypodcast.com.

How's midlife going? Fill out Farnoosh's survey and help shape the podcast in 2027.

Hosted on Acast. See acast.com/privacy for more information.

533: Ask Farnoosh, "My employer retirement accounts have high expense ratios. What are my other options?" Feb 10, 2017

Show notes

In this week's episode of Ask Farnoosh I answer your biggest questions about what your other retirement account options are if your employer's have high fees, where to park the money you're saving for a downpayment in the meantime and more.

For more information visit www.somoneypodcast.com.

How's midlife going? Fill out Farnoosh's survey and help shape the podcast in 2027.

Hosted on Acast. See acast.com/privacy for more information.

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