So Money with Farnoosh Torabi

Would you consider yourself gritty? Grit is being able to pursue long term goals, even if that pursuits take years. Grit is when you view your life like a marathon, not a sprint. Grit is when you don’t consider a failure an end point. And, today’s podcast guest is the world’s foremost expert on grit, and she’s here to tell us how we can get more of it and why it’s so important.Today, I’m welcoming Angela Duckworth to the show. She is the New York Times best selling author of the book Grit: The Power of Passion and Perseverance...now in paperback. She’s a psychology professor at the University of Pennsylvania, where she earned her PhD, and she’s the Founder and CEO of Character Lab, a non-profit that helps use psychological science to help kids thrive. Angela and I discuss how grit can be learned, her financial perspectives formed as the daughter of immigrant Chinese parents, Eastern versus Western parenting values...and we explore the plot of the hit book and movie Crazy Rich Asians. You can learn more about Angela by visiting her website, www.angeladuckworth.com and www.characterlab.org and follow her on Twitter @angeladuckw. Hosted on Acast. See acast.com/privacy for more information.

Special co-host Jamila Souffrant, founder of Journey to Launch, is back on the show, this time co-hosting and helping answer a wide range of questions from So Money listeners.Today's questions: Is it better to make an additional principal payment on a mortgage each month or invest in an index fund? What to do when you're in your 60s with no savings or retirement? What can a professional woman in her late 20's - who wants children one day - do to prepare best for the time and money constraints of parenthood?To learn more about Jamila, visit JourneytoLaunch.com. You can also follow her on Instagram. Hosted on Acast. See acast.com/privacy for more information.

Ever wish there was someone at your company, whose job is to enhance your well-being, happiness and fulfillment at work?Today I’m welcoming Claude Silver to the show. She is the Chief Heart Officer for Vayner Media, the powerhouse media company created by none other than Gary Vaynerchuk, who is also a bestselling author and by many accounts, one of the most recognized entrepreneurs in the world. As Chief Heart Officer, Claude she has a very special job, and is responsible for improving and inspiring Vayner Media’s 800+ employees. Her role is to help nurture the amazing culture at Vayner Media and ensure it’s a place where all employees feel at home. Don’t we wish more companies prioritized this?Growing up, Claude wanted to either be a philanthropist or a movie director, but at the heart of it all, she just enjoys helping people. Today we’ll talk to this inspiring woman about how she landed this unique job title, the book that changed her life and how she tries to, as she says, "light people up at work each day."You can follow VaynerMedia at VaynerMedia.com and follow Claude on Twitter @claudesilver.  Hosted on Acast. See acast.com/privacy for more information.

In the Iranian culture, if your child becomes a doctor, this is the ULTIMATE trophy for a parent. And while being a doctor comes with a great deal of integrity and pride...building a solid financial life as a doctor is not as simple as it once was with the heaps of student loan debt many doctors today have.And as our guest today will explain, many physicians are not equipped with the financial know-how of managing their money and growing wealth.Peter Kim is our guest and he is an anesthesiologist AND real estate and passive income expert. Last I checked, being an anesthesiologist was one of the highest paid tracks in medicine. So, what motivated Peter to rethink his profession?For years Peter blogged anonymously at PassiveIncomeMD.com about his exploration into real estate as a side hustle. He also runs the real estate company CurbsideRealEstate.com to help educate physicians about the homebuying process. Did you know there’s a thing called a physician’s home loan?Peter recently lifted the veil on his site to share his name and more details about his personal life to the thousands of readers he’s cultivated over the past few years.Today he is a physician by CHOICE, as well as an avid real estate investor. You can learn more about Peter Kim by visitingwww.passiveincomemd.com and www.curbsiderealestate.com. Follow him on twitter @passiveincomemd. Hosted on Acast. See acast.com/privacy for more information.

This week's listener questions touch on home ownership, paying down student loans (versus investing in the stock market) and where to stash cash for a short-term goal? Co-host is Mary Grace Gardner, a So Money listener and founder of TheYoungProfessionista.com. Hosted on Acast. See acast.com/privacy for more information.

How do you make or take your coffee? Does it spark joy? Our guest Raj Jana has built a thriving business by turning the common experience of making coffee into kind of an art form and in the process has created a 6-figure per month business. A little more about Raj: He was born to Indian parents who came to the U.S. with only a few dollars in their pockets. He previously worked at Chevron as an engineer until a life changing moment at work that made Raj reevaluate his life path. Raj shares financial lessons learned from his upbringing, the changes he would try to make if he won the lottery and some high-level coffee talk. Like, what is a pour-over? And why is it Raj’s go-to coffee order?To learn more about Raj’s company, Java Presse Coffee, visit JavaPresse.com and follow him on Instagram @JavaPresseCoff Hosted on Acast. See acast.com/privacy for more information.

If you watch Bravo TV or follow New York City real estate, you know all about our next guest. Ryan Serhant is a star of Bravo's Million Dollar Listing New York and a top real estate broker in the City.His story began as a shy, out of work hand model. He  entered the real estate business in 2008 - in some ways the WORST time to be an agent in the real estate market. Ryan shares how he rose to become one of the top realtors in the world, his parlay into reality TV and advice for first-time buyers.His new book, Sell it Like Serhant comes out tomorrow, September 18. Also, Ryan and I will be at the 92nd Street Y in Manhattan, along with our friend Dan Schawbel, a NYT Bestselling author and millennial workplace expert. We'll be leading a discussion around Creating Human Connection in a Digital World. The event is on November 26 at 7pm. Reserve tickets at 92Y.org. Hosted on Acast. See acast.com/privacy for more information.

Is there any relationship between our Zodiac signs and how we spend, save and make financial decisions?In today's Ask Farnoosh, Farnoosh and co-host Brittney Castro, founder and CEO of Financially Wise, tackle your money questions, as well as share some of the insights from a recent Chase Slate Credit Outlook Survey which looked at how our astrological signs impact our spending and credit habits.Brittney, like Farnoosh, serves as a fellow Chase Slate Financial Education Ambassador. Hosted on Acast. See acast.com/privacy for more information.

We’re going back to basics today in a special So Money bonus episode, talking about the best ways to start and execute financial goals.Our guest is Nikki Arwood, Regional Market Executive at Charles Schwab. In her role, Nikki leads 36 branches and over 200 employees in the Carolinas, Virginia, Maryland, DC, Kentucky, Tennessee, Arkansas and Mississippi. She has been in the financial services industry for 30 years, and has spent most of those years at Schwab. Nikki is a graduate of Georgetown University, where she majored in Sociology and was captain of the Women’s Basketball Team.Nikki and I discuss goal setting, finding the motivation to stay the course with your financial plan and a 30-Day financial cleanse from which we can all benefit.DISCLOSURE: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.The Charles Schwab Foundation is a 501(c)(3) nonprofit, private foundation that is not part of Charles Schwab & Co., Inc. or its parent company, The Charles Schwab Corporation. Hosted on Acast. See acast.com/privacy for more information.

Imagine being at the grocery checkout with little kids. You’re desperate to leave because one kid’s crying, the other is hungry. And then, your credit card gets denied. And the next credit card gets denied. And this is food you need to prepare dinner.Our guest today experienced this and made two vows to herself when that happened. The first was to never run out of money again. The second: to never go grocery shopping again.She’s managed to do both quite well.I’m honored to welcome Chanie Wilschanski to the show. She’s a teacher turned entrepreneur, mom to four kids and the breadwinner in her marriage.We discuss her turning points, managing money and responsibilities in her big family as the breadwinner and advice for women who may be unsure about simulatenously pursuing a career AND parenthood.Chanie Wilschanski is an early childhood leadership coach and CEO of DiscoverED Consulting. You can learn more about Chanie on her website www.discoveredconsulting.com and follow her on Facebook.  Hosted on Acast. See acast.com/privacy for more information.