So Money with Farnoosh Torabi

"My relationship with money is money comes and money goes. For me, it’s not the point of success. It’s important for me to be financially stable and it’s important for me to be making a lot of money, but it’s not what I consider personal success.”  Sophia Parsa is a tech co-founder, Forbes 30 under 30 honoree and a very accomplished entrepreneur. She co-founded the company Toot, which is an on-demand tutoring service after her tutor bailed on her the night before a big exam in college. The night before the test, she found a new tutor, thanks to the help of a professor, but then realized there's probably a better way to connect with tutors on-demand. The idea for Toot was born. Later, Sophia launched a dinner club called Mountain Gate, where entrepreneurs gather for dinner. Through Mountain Gate, entrepreneurs can get advice, they can form business partnerships and just connect with people who are like-minded. Today, Sophia is the director of community at FabFitFun, which is occasionally a sponsor of this show.FabFitFun is a subscription box that delivers a selection of full-size premium products to your front door. We discuss Sophia's transition to working for a company and why it was important for her professional development. We also dive deep into the growing pains of the early days of entrepreneurship, how to score some investment capital and what she plans to do with her money right now. Follow her on Instagram @SophiaParsa and her business @Mountaingate. Hosted on Acast. See acast.com/privacy for more information.

Financial expert Megan Gorman co-hosts with Farnoosh Torabi to provide answers to your latest money questions.Do student loans need to be paid off after the borrower passes away? Any pros or cons to transferring debt to a lower rate loan? How to manage money in your relationship?How much stock exposure is safe for someone in their 60's?    Hosted on Acast. See acast.com/privacy for more information.

This is a special bonus episode of Ask Farnoosh with co-host Joe Benvenuto, a Chartered Financial Analyst (CFA) who manages two of Charles Schwab’s branches in the Bay Area--Menlo Park and Sunnyvale, California. Joe has been in the financial services industry for more than 10 years. Prior to that, he served as an Infantry Officer in the United States Army.Topics covered: retirement saving, grad school, auto-rebalancing your portfolio and managing a windfall. (Farnoosh has been compensated by Charles Schwab. Farnoosh is not affiliated with Schwab and the views she expresses may not necessarily reflect those of The Charles Schwab Corporation or its affiliates. Farnoosh is a client of Schwab.) Hosted on Acast. See acast.com/privacy for more information.

"By sucking at surfing, I was able to get over my fear of public humiliation, right? Because when you surf, you are surfing where everyone can see you wipeout and miss waves. I got really used to being okay with that. Then I realized I could apply that to my writing. I started sharing my writing more as I got accustomed to that and thinking, “Well, the worst thing that happens is somebody sees my writing and they don't like it,” right? I mean, I’ll be okay with that." - Karen RinaldiWhat is something that you do in your life that you suck at...but....you love it?  For me, I'd say it's tennis. I don't suck at stand-up comedy, but it is something that I know is a constant work in progress...and, at the same time, is really exciting to me and hasn't, for some reason, discouraged me. It's actually inspired me and it led me to be better at other things, such as podcasting and thinking on my feet and not having a filter :) We are in conversation with Karen Rinaldi, a professional preacher of the gospel of suckitude. Before she found surfing, she sucked at plenty of things, among them skiing, horseback riding (which almost ended tragically), boxing (she doesn't want to talk about it), running, rollerblading, cycling (for which she boasts the least suckiness.) Along with her side hustle of suckitude, Rinaldi has spent 20+ years in publishing and is the publisher of Harper Wave, an imprint she founded in 2012. Her first novel, The End of Men, was the basis for the 2016 feature film Maggie’s Plan, directed by Rebecca Miller and starring Julianne Moore, Greta Gerwig and Ethan Hawke. Her book, [It's Great to] Suck at Something: The Unexpected Joy of Wiping Out and What It Can Teach Us About Patience, Resilience and the Stuff that Really Matters, is a non-fiction deep dive into the joys that sucking can bring. Rinaldi’s essays have appeared in The New York Times, TIME, Motto, LitHub, Oprah.com among others.   To learn more about Karen at http://krinaldi.com. Follow her on Instagram @suckatsomething. Hosted on Acast. See acast.com/privacy for more information.

"We downsized everything and we went from living in a five bedroom house into a tiny little apartment, we went from having multiple cars, to just one car.” For many women, especially those who are women of color, access to financial education isn’t as readily available. But our guest today is trying to change that once and for all. Today we’re welcoming the founder of Clever Girl Finance, Bola Sokunbi. Bola received an early lesson in money when her father became ill and had to stop working unexpectedly. The problem with this was that he had used up all of his money to send her three brothers to college and didn’t have any money left over for Bola to further her education. Luckily, it was her mother, who began as a home maker, who told her that she would pay for Bola’s schooling from the money that she'd set aside from her side hustles and entrepreneurial pursuits over the years. Because of her mother’s hard work, Bola was able to leave Nigeria, get an education and go on to found her own business, empowering women to be financially savvy. Her company, Clever Girl Finance has helped thousands of women, over the years, receive coaching and financial education they need to advance their lives. Bola is also the author of the fourth coming book, Clever Girl Finance: Ditch Debt, Save Money and Build Real Wealth. It will be available on June 25th. Learn more about Bola at www.CleverGirlFinance.com and follow her on Instagram @clevergirlfinance..  Hosted on Acast. See acast.com/privacy for more information.

Heading into Memorial Day weekend with some financial questions? Farnoosh has answers. Listeners want to know:"Should I go on an unpaid leave to complete a CFP program?""What are the best things that 21 year olds should be doing to set themselves up for success financially?""Is a high interest rate bank account like 2.35% worth it if you're going to get taxed on it?""How do I pace my startup with little funds and not wanting to borrow?""Is podcasting really making you money?"To send Farnoosh a question, click on Ask Farnoosh here or send her a direct message on Instagram @FarnooshTorabi. Hosted on Acast. See acast.com/privacy for more information.

"Money has always been something that you struggle with, right? I always say, money wasn’t something that we managed in our home. It was something we didn’t have, right? When we talked about money, it was always for my deprivation on place. It was always about how do we get more? How do we hustle with what we have?” Our guest today is Ramona Ortega, Founder and CEO of My Money My Future, Mi Dinero Mi Futuro. It's a mission-driven financial technology company that empowers Latinas to manage their money with confidence and the company creates culturally-relevant financial content that connects their audience to curated financial products. One of the most important aspects of personal finance is that it's personal. There's no such thing as a one-size-fits-all approach and that's especially true when it comes to teaching different communities and cultures about personal finance. Ramona is making waves in the world of personal finance, by helping the Latino community gain access to important financial education. She built the company as a solution to an overarching problem in our community, which is the fact that the community doesn't have access to quality and trustworthy financial advice. Through her grit and determination, she built the company step-by-step fundraising, applying to accelerators, overcoming numerous obstacles along the way. Ramona and I talked about as you just heard, her childhood, growing up poor, her role as a single mother and entrepreneur. How does she do it all? Tune in. Hosted on Acast. See acast.com/privacy for more information.

Raise your hand if you have a 401k at work and wondering if you’re making the most of it? Or, if you’re not investing for retirement…yet…and wondering how to get started?We have a special BONUS episode brought to us today by Mass Mutual. I’ve recently partnered with them to help spread literacy on the issues related to saving for retirement. We’re going to unpack a lot of learning today with Teresa Hassara, who leads the Workplace Solutions business at MassMutual, providing comprehensive financial wellness services, including retirement plans, to over 30,000 companies and about three million plan participants.Teresa holds a B.A. from Vanderbilt University and earned her M.B.A. from the Wharton School of the University of Pennsylvania.  She is a member of the Board of Directors for Jobs for the Future and an active supporter of a variety of organizations focused on mentorship for women and young people in under-resourced communities. She is also passionate about women’s leadership and investing.To complement this interview, I also have a piece at www.somoneypodcast.com on how women can financially secure their futures. For more check out www.massmutual.com. Hosted on Acast. See acast.com/privacy for more information.

"The firemen broke down my door and my heart stopped in the ambulance. They took me to the hospital. They revived me and put me on life support and then called my family and said, “You need to come. She’s not going to wake up. Even if she does, she’s going to be permanently brain damaged for the rest of her life.”Have you ever felt there's something more out there for you? Do you ever feel life is passing you by, or that you have regrets for a chance, or an opportunity that you just didn't take?  We're having one of the most candid and intimate conversations I've ever had with a guest on this show. Her name is Ruth Soukup. She is the author of Do It Scared: Finding the Courage to Face Your Fears, Overcome Adversity and Create a Life You Love.As you just read, she really experienced life at rock bottom, having almost died from multiple suicide attempts and an incredibly difficult entry into adulthood.Now on the other side of things, Ruth runs a wonderfully successful business. She is a mother, wife and woman living her dreams. How she got here is a journey, to say the least. She has captured many of her deeply personal stories, as well as advice that she has extracted from her huge community of women. She is the founder of the Living Well Planner and Elite Blog Academy. She also blogs at Living Well, Spending Less. Ruth is one of my favorite people, and we talk about a lot of hard stuff on this show. We talk about the principles of courage, how to use your fears to fuel your motivation, your mobilization and why fear is totally normal. Hosted on Acast. See acast.com/privacy for more information.

How to talk money with your partner when you suspect he or she isn't managing their finances properly? How to build you own savings when you're supporting your parents? And where is the best place to start investing?Answering your money questions this week with co-host, Kim Autore, an avid So Money listener.More about Kim: She is a listener from Pittsburgh, Pennsylvania. She has followed SoMoney for the last two years while hustling to catch up on her personal financial literacy. Kim is a Registered Dietitian by trade but has worn many hats to “bring home the bacon." Kim is naturally a go-getter. Since finishing grad school in 2013 she bought and renovated her first house, explored professional roles in several industries, got married, and picked up a couple adventurous hobbies along the way. Anyone else up for rock climbing? She is determined to one day have a thriving business of her own and even write a book. Long-term, Kim wants to reach an audience of young women to spread messages of empowerment, independence, and teach women the skills to advocate for what they deserve. Hosted on Acast. See acast.com/privacy for more information.