118. Overcoming Financial Anxiety with Farnoosh Torabi
Oct 3, 2023
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Renowned financial expert Farnoosh Torabi joins Financial Feminist to discuss overcoming financial fears and embracing empowerment. They explore various fears like career setbacks and relationships, and the importance of self-awareness and setting boundaries. They also highlight the power of fear in identifying red flags in relationships and jobs.
Failure should be viewed as an opportunity for growth and learning, and ambitious individuals should accept that it is sometimes necessary.
Financial anxiety is prevalent, especially for women, and addressing this fear is crucial for achieving mental well-being and financial success.
Fear can be a healthy tool for personal and professional growth if embraced and used as a means to overcome challenges.
Deep dives
Fear of failure as a motivator
The podcast episode explores the fear of failure and emphasizes the importance of reconciling with this fear. The speaker suggests that while the fear of failure can be all-consuming and make one feel undeserving of success, it is important for ambitious individuals to accept that failure is sometimes necessary. They encourage listeners to view failure as an opportunity for growth and to carry the learnings from each failure to the next endeavor.
Financial anxiety and its impact on mental health
The podcast highlights the prevalence of financial anxiety and its negative impact on mental health. Stats are cited, indicating that a significant number of US adults, especially women, experience stress and negative effects on their mental well-being due to money-related concerns. The episode points out the importance of addressing financial anxiety and provides a platform for discussing strategies to alleviate this fear and achieve financial well-being.
Harnessing fear as a superpower for success
The podcast episode features a guest expert, Furnish Teravi, who discusses her new book, 'A Healthy State of Panic,' focusing on fear as a superpower to achieve true wealth and career success. The conversation explores different types of fears, including fear of failure, fear of uncertainty, and fear of rejection. It emphasizes the idea that fear can be a healthy thing and should not be avoided at all costs. Instead, it should be embraced and used as a tool to overcome challenges and achieve personal and professional growth.
Identifying and questioning the fear of failure
The podcast discusses the fear of failure and how it can manifest in various aspects of life, such as career choices and personal relationships. The speaker shares a personal experience of feeling the fear of failure in their 20s and reflects on the importance of questioning the root causes of this fear. They suggest that fear of failure can arise when one's goals and values are not aligned, and that it is essential to sit with the fear, ask questions, and learn from it.
Understanding and reframing fears around money and identity
The episode delves into the fears and societal expectations surrounding money and identity, particularly for women. The speaker shares personal anecdotes about the fear of talking about financial stability on dates and the pressure to downplay achievements. They emphasize the importance of embracing one's strengths and being unapologetic about financial independence. The episode encourages listeners to redefine their fears as protections and to view them as catalysts for personal growth and empowerment.
Are financial fears holding you back? Have you ever felt anxious about money or career choices? In this episode of Financial Feminist, Tori engages in a candid money conversation with Farnoosh Torabi, a renowned financial expert, author, and host of the "So Money" podcast. Farnoosh shares her wisdom on overcoming fears and embracing financial empowerment. Together, they dive deep into the various fears that hold us back — whether in our careers, relationships, or personal growth and how to reframe them as a means of protection rather than restraint. Tune in as they explore the power of self-awareness, the importance of setting boundaries, and the path to finding wholeness in a world that often encourages us to play small.