So Money with Farnoosh Torabi

Guest co-host Lily Chen joins Farnoosh on this week's episode of Ask Farnoosh. Lily is a medical doctor and podcast host from Sydney, Australia. She is also the host of How To Win Friends & Influenza, a quirky medical podcast that dispenses awesome life advice with minimal mention of Dale Carnegie.Questions this week: How can I get my 401k rebalanced if I don't use a financial advisor? How to invest $50,000? And how to support my niece in college without making her financially dependent on me? Hosted on Acast. See acast.com/privacy for more information.

Who wants to hop off the I’m so busy train? It is possible to have a thriving career without feeling burnt out. It’s possible to raise your kids without feeling like you aren’t doing enough, according to our guest Kate Northrup who just released a book called Do Less: A Revolutionary Approach to Time and Energy Management for Busy Moms. Kate was initially on this show about four years ago, discussing her first book, Money, A Love Story, which has been translated into five languages. Do Less is her second book and it’s really a reflection of all of the things that she has learned now as a business woman and as a mother to two children. Her book offers women 14 experiments that they can try to eliminate their overwhelm and respond to the never-ending tasks and responsibilities that we face every day. We’re going to learn how to loosen the grip, surrender control and perfect the art of allowing. To learn more about Kate, you can visit www.katenorthrup.com. She’s also on Twitter and Instagram @katenorthrup . Hosted on Acast. See acast.com/privacy for more information.

Ida Rademacher is the Vice President at the Aspen Institute, as well as the Executive Director of the Aspen Financial Security Program. The Aspen Institute is an educational and policy studies organization based in Washington DC, Through Ida's work she tries to create nonpartisan solutions to improve financial challenges that are facing households in America. Ida is also in charge of shaping policy about ways to improve financial security and financial wellbeing. We discuss the current state of student loans, how her programs are actually moving the needle when it comes to promoting financial wellness, and the financial lessons Ida learned riding horses. Learn more about The Aspen Institute here  Hosted on Acast. See acast.com/privacy for more information.

Guest host Christina Hamati joins Farnoosh to answer listeners' money questions. Christina is an avid listener. She works at a Fortune 100 financial firm as a consultant on various advanced financial planning concepts. She is in the midst of achieving her CFP designation.  Questions we tackle:I've heard it's better to put money in your IRA than pay down your mortgage. What do you think?Any advice for a 34-year-old who is just now taking her finances seriously? Tips? Books? When is the best time to liquidate a mutual fund for a big purchase? Is 5 years to soon?How to juggle career and family when husband is out of town? Hosted on Acast. See acast.com/privacy for more information.

Today’s guest is more familiar with The Millionaire Next Door than anyone else. She is Sarah Fallow, the daughter of the late Thomas Stanley, the book's author. Sarah is the Founder and President of DataPoints LLC, a company that provides scientifically validated, automated behavioral finance tools to the financial services industry. As the 20th anniversary of The Millionaire Next Door drew nearer, Sarah worked with her father to do research and development for an updated version of the book. With her psychology and data background and his extensive experience researching millionaires over his career, together they created an outline for what would become a book entitled The Next Millionaire Next Door. Today we’re going to talk to Sarah about her and her late father's findings. What’s changed when it comes to the behavior of millionaires and what can we learn from them? Also, what was it like growing up with Thomas Stanley and how does she hope to carry on his legacy?  To learn more about Sarah Fallow, please visit www.DataPoints.com and follow her on Twitter @SarahFallaw. You can also purchase The Next Millionaire Next Door wherever books are sold. Hosted on Acast. See acast.com/privacy for more information.

Do you want to come play with the money? We are in conversation with Stacks House co-founders Kindra Meyer and Patience Ramsey. Really excited to announce that tickets are on sale currently for our Los Angeles arrival. You can purchase tickets at stackshouse.com/tickets and I have a special discount for SO MONEY listeners…Use SoMoneyStacksLa for 20% off your ticket. We’ll be opening doors on April 17th and we'll have a limited run in the City of Angels and the plan is to travel the country.What better way to go behind the scenes of the why and the how and the what of Stacks House than to invite my cofounders Patience and Kindra to So Money.  I met these two ladies back in the summer of 2018. They invited me to come and learn about their plans to launch a major company called She Stacks, which is all about supporting women in their endeavors to become a financially independent and close the wealth gap. Stacks House is the first of many offerings from She Stacks.If any of you ever been to the Museum of Ice Cream or Museum of Pizza, Color Factory, etc. you know that popups are a thing right now, right? People are lining up and can't get enough of them.  To leverage that popularity, we're doing our own version of a pop up, but with a purpose: to serve women on their journey to becoming financially free. Coming up, learn how about my co-founders' storied past growing up with not a lot of money, and how that impacted their relationship with money as adults. Patience and Kindra are marketing mavens, each with 15+ years experience building brands, starting movements, utilizing talent and galvanizing communities. Patience is also a founding Executive at Good Counsel, Mastry Inc., and The Bloomberg Players Technology Summit. Kindra is former owner of McLeod Residence, a members-only lounge and art gallery. They’ve each come a long way from humble beginnings. Kindra was raised in a one room log cabin. Patience, the eldest of six children, talks about how her parents declared bankruptcy when she was young. How did all that influence their money mindset and their desire to support other women along the way? Again, check out stackshouse.com/tickets to reserve your spot.  Use the code: SoMoneyStacksLA for 20% off your ticket!And follow us on Instagram @StacksHouse Hosted on Acast. See acast.com/privacy for more information.

This week's episode tackles questions related to earning more money and managing guilt around spending. Check out www.somoneypodcast.com for the transcript. You can always send me your money questions on Instagram @farnooshtorabi. Hosted on Acast. See acast.com/privacy for more information.

If your partner died today, would you have your shit together? Today’s guest is Chanel Reynolds. She’s the author of the brand new book What Matters Most: The Get Your Shit Together Guide to Wills, Money, Insurance and Life’s “What-Ifs.” After Chanel’s husband passed away unexpectedly, she realized she had no idea how to access any of their financial documents. She didn’t know how to pay her mortgage. She didn’t even have the password to his phone. And, as she was in the middle of the worst moment of her life, she couldn’t help but think that there must be other people out there who were just as unprepared as she was.She started writing about her experiences on her website aptly called Get Your Shit Together. What followed was tons of website visitors, mentions in the medias, and hundreds of stories from people who, much like her, were unprepared for life’s most brutal moments.Although she never expected to be in this position, Chanel has used a tragedy and has used it as a tool to help others be more prepared than she was. Learn more about Chanel at www.GetYourShitTogether.com and www.GYST.com.  Hosted on Acast. See acast.com/privacy for more information.

We are in conversation today with one of the top financial journalists in the country. We have Chris Taylor on the show. He’s an award-winning journalist, senior money correspondent at Reuters Money and contributor to Fortune and cnbc.com. We’re talking about his money perspectives. This is his first podcast interview. I didn’t know this until we wrapped, pretty flattered, and the lessons he’s learned from interviewing some of the world’s biggest money minds.   We talk about why Chris considers Jack Bogle, founder of Vanguard who recently passed away, to be one of the greatest financial role models of all time, as well as Chris’ dedication to writing handwritten thank you cards daily and the current state of financial journalism. Where’s the media world headed? Follow Chris on Twitter @christaylor_nyc Hosted on Acast. See acast.com/privacy for more information.

This week's question touch on ways to financially supporting parents in their retirement, how to set up a Roth IRA, deciding whether to take a lower paying job and factors that impact our credit scores.  Special co-host is Morgen Rochard, founder of Origin Wealth Advisers, an independent, fee-only practice dedicated to helping young families and professionals align their finances with their life goals. She is also the founder of Money Owners, a financial and executive coaching practice, helping clients create their mindsets around money, career and building businesses. In both her businesses, Morgen encourages clients to live how they want to live, be who they want to be, and achieve what they want to achieve with their money. Morgen is also a CERTIFIED FINANCIAL PLANNER™ and a Chartered Financial Analyst. Hosted on Acast. See acast.com/privacy for more information.