1821: Ask Farnoosh: How to Make More Money ASAP, Switching 529 Plans and More
May 2, 2025
Explore the impact of economic shifts on personal finances, from falling customer counts at major chains to evolving job markets. A heartfelt story illustrates the resilience families can cultivate during financial stress. Listeners seek advice on balancing values and salary in cooperative jobs, adjusting 529 college savings plans amid market fluctuations, and overcoming financial overwhelm. Discover practical steps for financial empowerment and the importance of open conversations about money within families.
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insights INSIGHT
Economic Slowdown Signs
Economic indicators like reduced McDonald's traffic, GDP contraction, and rising jobless claims signal a potential slowdown.
These signs suggest caution in big financial decisions but no official recession yet.
question_answer ANECDOTE
Honesty Builds Kids' Resilience
Comedian Zarna Garg shared how she explained job loss during the pandemic honestly to her kids.
This approach helped her children feel grounded, resilient, and part of the family.
volunteer_activism ADVICE
Evaluating Worker Cooperative Jobs
Ask about governance, profit sharing, decision-making, pay structure, and employee retention for worker co-ops.
Weigh lower salary against benefits and values, and consider negotiating or treating it as a short-term opportunity.
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Susan Choi's 'American Woman' is a fictionalized recasting of the Patty Hearst kidnapping by the Symbionese Liberation Army. The story follows Jenny Shimada, a Japanese-American radical, as she helps shelter fugitives, including Pauline, a character inspired by Patty Hearst. The novel delves into the complex relationships and tensions among the group, exploring themes of radicalism, identity, and the American psyche during a tumultuous era.
Future Millionaire
Future Millionaire
A Young Person's Step-by-Step Guide to Making Wealth Inevitable
In this week’s Ask Farnoosh, Farnoosh kicks off with a look at key economic headlines—from McDonald’s reporting a drop in customer traffic to new signs the U.S. economy may be cooling, including a GDP contraction and a spike in jobless claims. She also reflects on a powerful story shared by comedian Zarna Garg about how her family handled job loss during the pandemic, and why honesty with kids during financial stress can build resilience.
Then, Farnoosh answers three listener questions:
Elizabeth is considering a new role at a worker cooperative with a significantly lower salary. Farnoosh walks through what questions to ask about co-op structures, how to weigh values vs. pay, and whether the trade-off is worth it.
A listener worried about market volatility asks how to protect their 529 college savings plan over the next 10 years. Farnoosh shares practical strategies for adjusting investment risk and preserving growth potential.
A Canadian teacher in her 30s feels stuck—financially overwhelmed, burned out, and unsure how to move forward. Farnoosh offers actionable steps to regain control, find short-term wins, explore alternate income streams, and shift mindsets around job security and reinvention.
Plus, a reminder to check out this week’s earlier episodes with Rachel Rodgers (raising financially confident kids) and Heather Zack(estate planning 101).
So Money with Farnoosh Torabi 