So Money with Farnoosh Torabi

Latest Episodes:

1639: How Childhood and Culture Influence Our Relationship With Money Mar 04, 2024

Show notes

What did you learn about money growing up? What were the messages you received about money from parents, your friends, media and your culture? Our guest Giovanna "Gigi" Gonzalez is the author of Cultura and Cash, in which she shares her journey as the daughter of Mexican immigrants and the money scripts she needed top rewrite as an adult to claim financial security.

Gigi is a TikTok influencer, financial educator, who during The Great Resignation, quit her 10 year corporate career to pursue her true passion: teaching financial literacy to young adults. In our conversation she highlights some of the advice from her book Cultura and Cash on how to avoid some of the financial pressures from family and culture, and how to define financial security on your own terms. You can follow Gigi @TheFirstGenMentor.

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

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1638: Ask Farnoosh: What's Better? Target Date vs Index Fund, CD vs HYSA, Custodial Account vs 529? Mar 01, 2024

Show notes

We're comparing various financial products today. From target-date funds to index funds, CDs, High-Yield Savings Accounts, and Health Savings Accounts.

Special guest Georgia Lee Hussey, founder of Modernist Financial, joins with advice. Plus: Ways to effectively contribute to political causes during this election year.

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.

1637: Early Stage Entrepreneurship Advice: Funding, Staffing, Mentorship and Marketing Feb 28, 2024

Show notes

From selling Girl Scout cookies to running multiple businesses, guest Stephanie Cartin shares her lifelong journey as an entrepreneur. Today, she is the co-host of the Entreprenista Podcast and the co-founder of Entreprenista, a media company and membership community, The Entreprenista League, dedicated to providing resources and support for women founders and leaders. She’s co-founded multiple companies, including the award-winning social media agency Socialfly, Markid, and Pearl Influential Capital. Stephanie offers strategies and advice for early-stage entrepreneurs on funding, mentorship, staffing and social marketing. Stephanie also shares how she and her husband manage money and caregiving at home.

Join Farnoosh and Stephanie at the Entreprenista's Founders Weekend: Wealth & Wellness retreat at the Ritz Carlton in Orlando, FL. It's happening May 3-5, and you can get $150 off your ticket with the code Farnoosh150.

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.

1636: Taxes are Due Soon. Don’t Make These Mistakes. Feb 26, 2024

Show notes

With just weeks until the 2023 tax filing deadline, this episode addresses some of the biggest mistakes filers make - some quite costly — and how to avoid them. Our guest is Hannah Cole, founder of Sunlight Tax, and a a tax expert specializing in working with creative businesses and mission-driven solopreneurs. Hannah is also the host of the Sunlight podcast. We discuss the top mistakes she sees clients make, how to reduce your chances for an audit, and the 6-figures you may be leaving on the table if you delay contributing to your IRA before the annual deadline. Download Hannah's free visual guide to your tax deductions.

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.

1635: Ask Farnoosh: Real Estate Investing, Money & Marriage Feb 23, 2024

Show notes

Read the Amazon scam article in The Cut;

Download Farnoosh's cribsheet for When She Makes More

This week from the mailbag: Thoughts on playing the lottery, investing in real estate syndication, selling a home you inherited, and how much financial transparency is necessary in a marriage? Referenced on the episode: Interview with co-founders of GoodEgg Investment.

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.

1634: How to Be a Practical Optimist in Your Financial Life Feb 21, 2024

Show notes

Is blind optimism or pessimism interfering with your ability to build the financial life you want? Today's conversation turns to compelling research and insights in a new book called Practical Optimism: The Art, Science, & Practice of Exceptional Well-Being by Sue Varma. Dr. Varma shares the key to thinking like a practical optimist, being more resourceful and realistic, and practicing thoughtful problem-solving during life's challenges, including financial uncertainty and setbacks.

More about Dr. Varma: She is a distinguished psychiatrist and cognitive behavioral therapist in New York City. She served as the pioneering medical director and psychiatrist for the esteemed 9/11 mental health program at NYU. Alongside her clinical work, Dr. Varma holds the Clinical Assistant Professor of Psychiatry position at New York University (NYU) Langone Health. She regularly appears on the Today Show and CBS Mornings.

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.

1633: Exploring the "Tradwife" Phenomenon (Encore) with Jo Piazza Feb 19, 2024

Show notes

The "tradwife," short for "traditional wife" is a fast-growing lifestyle that emulates the 1950's housewife and can be seen everywhere on social media today. You may have encountered a tradwife on TikTok or Instagram; she's typically a full-time domestic caregiver, bows to her husband, and has little to no financial independence. Some accounts are a parody. Many are real. Some consider this a movement against modern feminism and the burnout culture so many women experience as they aspire to "have it all." Journalist and author Jo Piazza has been following the tradwife culture for the past year and shares her insights.

More about Jo Piazza: She is a bestselling author, podcast creator of Under the Influence, and award-winning journalist. You can subscribe to her very popular Substacks: Over the Influence.

Jo is the national and international bestselling author of The Sicilian Inheritance (which debuts in 2024), We Are Not Like Them, You Were Always Mine, Charlotte Walsh Likes to Win, The Knockoff, and How to Be Married. Her work has been published in ten languages in twelve countries, and four of her books have been optioned for film and television.

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.

1632: Ask Farnoosh (New!): Financial Advice for Millennials + Late Retirement Planning in Your 60s Feb 16, 2024

Show notes

This Friday: Farnoosh's financial and career advice for a 28-year-old Millennial who hopes to have kids one day, planning for retirement when you're in your 60s and have credit card debt, pensions, Roth IRAs and more.

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.

1631: The Merits of Loud Budgeting and When It’s Wise to Stay Quiet Feb 14, 2024

Show notes

We're exploring Loud Budgeting, a financial trend that originated on TikTok. How does it work? Is it a good strategy for everyone?

Guest Stephanie Vaught is the founder of Social Money Finance, a personal finance company specializing in helping Gen X women make empowered financial decisions. She is also the co-founder of The Creators' Nest in Detroit, MI.

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.

1630: A Man Is Not a Financial Plan with Financial Advisor Maggie Johndrow Feb 12, 2024

Show notes

**Last day to secure a spot (for a while) in Farnoosh's So Money Members Club**

It’s Valentine’s week, and my birthday week, so I’m kicking things off with a show topic that’s near and dear: Why women need to have their own money. Everyone should have their own money, but this message needs to be emphasized more for women who may sometimes feel it’s not their strength or role to make money or manage money in a relationship.

The impetus for this episode was a New York Times essay entitled Never Rely on a Man’s Money. Maggie Smith writes about how her divorce was a shock that led her to a new vow: financial independence. We’ll get into her story and bring on our guest today, Maggie Johndrow, a partner and financial advisor at Johndrow Wealth. She’s one of my favorite advisors, and we share a common love for making women rich. We talk about what she sees in her practice; oftentimes, women come into post-divorce with financial regrets. What are those regrets? What are the absolute facts women need to know about their financial lives, and how can they insist upon more financial transparency and equality in their relationship?

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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