So Money with Farnoosh Torabi

When it comes to investing, you’ve probably heard the phrase, ‘Buy what you know.’ Do you believe it? I’m asking because today’s guest believes that is “profoundly dumb advice.”  II think that’s sort of good advice..."Buy what you know!" " Don’t get into something you know nothing about!" (ehem bitcoin). But today’s guest, Dr. Daniel Crosby, a New York Times bestselling author, psychologist, behavioral finance expert and asset manager, thinks that is not sound advice.Daniel was last on the my show, you might remember on Episode 453 about two years ago. He’s back with a new book called the Behavioral Investor and in it, he examines the sociological, neurological and psychological factors that influence our investment choices. He believes that we should first understand human nature and our own tendencies before making investment decisions.A little bit more about Daniel: He’s a sought after expert, frequent speaker and he was named one of Investment News’ 40 Under 40 and also, a "Financial Blogger You Should Be Reading," by AARP.In this interview we’ll learn:Daniel’s philosophies around how to invest wellHow to curb our emotions andHow greedy are we this month? Daniel publishes an Irrationality Index, a measure of how much greed and fear is in the marketplace month to month. Learn more about Daniel Crosby at NocturneCapital.com and follow him on Twitter @DanielCrosby. Hosted on Acast. See acast.com/privacy for more information.

What if you had $70,000 worth of consumer debt and losing your job amidst all of that financial stress?Today, I’m interviewing Adeola Omole on the show. She describes herself as a lawyer by trade and a money coach by choice. Her journey of achieving debt ZERO and building a community for women and money is the focus of our conversation today.Raised by immigrants in a family of six children, Adeola watched her parents work hard but also pinch pennies. Seeing her parents’ financial struggles growing up, Adeola thought debt was a normal part of life. This led her to make her own money mistakes. By the time she was a young adult finishing her clerkship just out of law school, she had amassed $70,000 worth of consumer debt.Fast-forward to today, Adeola and her husband are debt-free and building great wealth. They’ve even managed to pay off their mortgage. Adeola also has a new book: 7 Steps to Get Out of Debt and Build Wealth.You can learn more about Adeola on her website adeolaomole.com, on Instagram at @adeolaomoleb, and on Twitter @AdeolaOmoleB. Her book is called 7 Steps to Get Out of Debt and Build Wealth.  And for her free 10-Point Checklist for Buying Stocks visit adeolaomole.com (scroll to the bottom to find it!) Hosted on Acast. See acast.com/privacy for more information.

Farnoosh is joined by So Money listener Reuben Subramaniam, founder of K2 CollaboratorsQuestions on today's episode include:Advice for saving money on a very low salary in a currency *other* than dollars?When is the appropriate time to tell my employer that I'm expecting? Is it OK to open up a credit card just for the immediate rewards? Hosted on Acast. See acast.com/privacy for more information.

Today’s guest is going to share how to recover - and thrive - after losing everything. At one point, Tracy Matthews had a successful handmade jewelry business, earning over $1 million in annual revenue. You could find her jewelry in over 350 stores internationally and worn by celebrities like Halle Berry, Orlando Bloom, and Kate Hudson. But, Tracy grew the business fast and made mistakes. In 2009, she made the difficult decision to declare bankruptcy and close shop.The story has a happy ending. Tracy once again has a thriving custom jewelry business. She’s learned from all her failures and now teaches other aspiring jewelry designers how to grow successful businesses through her Flourish & Thrive Academy. On the show: How did she pick up the pieces after her bankruptcy? And how *does* a jewelry designer grow a business in today’s market?To learn more about Tracy Matthews, visit FlourishThriveAcademy.com, and follow the academy on Instagram @Flourish_Thrive. Hosted on Acast. See acast.com/privacy for more information.

How does a six-figure income turn into six-figures of debt?Our guest Bonnie Koo was making six-figures by age 23 working on Wall Street. A career pivot into medicine quickly changed all of that when she attended medical school and took on $200,000 in student loans. She also racked up about $20,000 in credit card debt.Bonnie, now a dermatologist, is on the other side of that money story. She’s since taken control of her financial life, she’s paid down the debt and has launched a site helping other professional women and doctors master their money.Bonnie blogs at MissBonnieMD.com. She also co-hosts a podcast called Friends Talk Finance.She shares the exact moment she decided to get serious about money. The book that helped her turn her financial life around...and a unique way to think about retirement planning that won’t make your head hurt.To learn more about Dr. Bonnie Koo, please visit www.MissBonnieMD.com and follow her on Instagram @MissBonnieMD. Hosted on Acast. See acast.com/privacy for more information.

This week on Ask Farnoosh ....Weighing the costs of graduate school, finding money for a start-up, optimizing extra income, and financial advice for physicians.  So Money listener Lydia Benham joins the show to help Farnoosh answer your money questions. Lydia is an entrepreneur in the fintech/blockchain sector who's been investing since she was 25! Hosted on Acast. See acast.com/privacy for more information.

Our guest today is in the midst of selling her belongings and packing her family of five into an RV, spending the next year traveling the country. Today’s guest is Jenn Edden. She’s a sugar addiction expert, author and empowerment coach who helps female entrepreneurs learn how to increase their energy through proper nutrition. She is the author of Woman Unleashed: the highly sensitive woman's guide to radiant energy, unstoppable confidence and a 21 day plan to kick sugar's hold on you! Lately, she’s become more interested in helping families and children overcome their sugar addictions and that is what sparked the big move.Over the next year, Jenn, her husband and three children will be going from state to state to visit schools and universities to educate kids and young adults about healthy eating.Jenn arrives at this major transition knowing a thing or two about being brave. She is a former medical school drop out and a survivor of a near-death home explosion.  She’s got her handle on her health AND her finances. Hear how she and her husband did the math to figure out if they really could just afford to travel the country for a year with their kids.To learn more about Jenn, follow her on twitter @JennEdden and visit her website, www.jecoaching.com. Her book Woman Unleashed is available on Amazon. Hosted on Acast. See acast.com/privacy for more information.

Suze Orman is here!This interview is probably one of my favorites for a lot of reasons. It was fascinating to hear Suze's views on women and money today and learn if they've changed over time. You may have thought Suze was enjoying retirement. Well, she's left...at least, temporarily, inspired since the #MeToo movement to relaunch a new and improved edition of her best-selling book, Women & Money.This is going to be a little bit of a different format than typical episodes on the podcast. You will hear from me, as well as Adam Auriemma, the editor-in-chief of Money Magazine, who invited us to join a panel with him to share our thoughts around women and money. For the full video ov, head over to money.com.Check out more of Suze's work at www.suzeorman.com.  Her updated book Women & Money is available here.  Hosted on Acast. See acast.com/privacy for more information.

Farnoosh, what are your thoughts on 0% financing offers for new cars? Is hiring a financial advisor a waste of money? How best to plan for a child with special needs? Joe Saul-Sehy, host of Stacking Benjamins co-hosts. Joe is taking his show on the road and is in the midst of a 3-city tour. He'll be in Kansas City on October 9. Get the full tour schedule here: www.stackingbenjamins.com/tour Hosted on Acast. See acast.com/privacy for more information.

If you’ve been following me on Instagram or get my newsletter, you might know that I recently took stand up comedy classes here in NYC at Manhattan Comedy School. It’s something I’ve always wanted to do. It scared the heck out of me...so naturally, I had to try it. My next performance is TONIGHT at Gotham Comedy Club at 7pm, actually.  And so I thought who better to have on So Money today than my comedy school teacher, comic Karen Bergreen.Over the past decade, Karen has been keeping audiences laughing all across the country. She’s been on Comedy Central, the Oxygen Network, VH1, The View, and LIVE at Gotham.She’s also an author of two fiction books, Perfect is Overrated and Following Polly: A Novel. She and I talk about the highs and lows of being a female stand up comic, growing up in New York City when people *didn’t* want to be labeled as “rich.”..and  Karen’s transition to comedy...She graduated from Harvard, and went on to law school. How and why she pivoted is where we begin the conversation...To learn more about Karen, visit KarenBergreen.com or find her on Twitter @KarenBergreen.  Hosted on Acast. See acast.com/privacy for more information.