So Money with Farnoosh Torabi

Should I stop saving to pay off my student loans or keep saving?Are you supposed to pay off debt after you get your paycheck or pay your necessities first and then see what's left over to pay off the debt?How feasible is it to negotiate or lower any fees associated with a retirement account?Answering these questions of yours and more on today's Ask Farnoosh with Dan Andrews of Well Rounded Success.For more information or to share your own question for an upcoming Ask Farnoosh Friday episode visit www.somoneypodcast.com. Hosted on Acast. See acast.com/privacy for more information.

This is a special BONUS episode on the heels of my new partnership with Citizens Bank. I normally don’t publish new episodes on Thursdays, but this one couldn’t wait!Earlier this fall, Citizens Investment Services introduced a new digital investment advisory platform called SpeciFi, and they’ve invited me to join them on their campaign to educate people about retirement and the importance of investing for the future.You know I’m all for ways to make investing simple and efficient and we often talk about the value of digital investment platforms on the show…but, call me old–fashioned, I also believe it can be useful to work with real, licensed professionals to help guide our investment planning, and the great news is SpeciFi delivers both of these services in one robust platform.It’s one of the reasons I’m proud to team up with the folks at Citizens and SpeciFi. The other reason is that I’m a New England girl and Citizens, for those of you who may not know, is one of the oldest and largest financial institutions, headquartered in Providence, Rhode Island, just an hour away from Worcester, MA (my birth town!). Citizens was our neighborhood’s bank growing up, so this is a very cool, full-circle moment for me.Joining me to discuss more about the ways we can all leverage investing for our goals and how SpeciFi can help investors is John Bahnken, President, Citizens Bank Wealth Management. To learn more visit www.somoneypodcast.com. Hosted on Acast. See acast.com/privacy for more information.

Question: how do you decide what stocks or funds to buy?For me, financial health is key. It’s an important marker, but do we care so much about a company’s social mission, really? What’s under the hood? How do they care about their employees? Are they really making an impact in the world? Are they values-driven?Dave Fanger is dedicated to making what he calls "values-driven" investing more accessible. He's the founder and CEO of Swell Investing. It is an innovative impact investing platform that aims to deliver profit, as well as purpose with six socially responsible investment portfolios. It’s a platform he started while working for his employer who actually helped Dave incubate the idea. This is a great story within a story, right?We dive into the meaning of values-driven investing and how Swell Investing selects investments, but also how to convince our boss to let you incubate your big idea while working at the company. We always say, “Don’t quit your day job.” This is literally working your day job and coming up with your idea and incubating your idea at the day job. Pretty genius.For more information visit www.somoneypodcast.com. Hosted on Acast. See acast.com/privacy for more information.

Is gender equality really possible? Claudia Chan, our So Money guest today, has made it her life's mission to close the gender equality gap and has inked a new book on the topic. It's called This Is How We Rise: Reach Your Highest Potential, Empower Women, Lead Change in the World.She's also the founder and CEO of S.H.E. Global Media and she's a recognized expert on leadership and social entrepreneurship. S.H.E. Global Media just wrapped it's annual S.H.E. Summit. It's an event that aims to help Fortune 1000 companies modernize and accelerate diversity with the goal of achieving gender parity by 2030, which is not that far away. That's pretty ambitious. I hope we get there. To support this, I was on a panel at S.H.E. Summit in New York discussing financial equality and how women can earn more. You can probably guess, I had quite a bit to say.Anyways, Claudia's impetus for launching S.H.E. Global Media actually came after starting a multimillion dollar business. You might have heard of it. It's called Shecky's. It was after achieving tremendous success and still feeling like she wasn't pursuing her life's true calling that she was inspired to do some soul searching. She says step into a new consciousness of what it means to be a woman in today's world. Claudia's book talks about the need to shift to a "me for we" mindset in order to achieve gender equality. “What does that mean?” I ask. And also, How can men be a part of this important revolution?For more information visit www.somoneypodcast.com. Hosted on Acast. See acast.com/privacy for more information.

My parents never invested for retirement, how can I help them? Is buying a condo a good investment for me? How do you personally save, invest and budget your money?Answering these questions of yours and more on this week's Ask Farnoosh with special co-host Alicia Schiller.For more information or to share your own question for an upcoming Ask Farnoosh visit www.somoneypodcast.com. Hosted on Acast. See acast.com/privacy for more information.

Do you like watching television? Ever wonder who are the minds behind these shows? Friend and former colleague, Jerry Kolber is the co-founder and executive producer of Atomic Entertainment Group. He has been the mastermind behind a number of popular shows you may have watched. His company has produced hit shows like National Geographic’s Brain Games. He’s also worked on Bravo’s Queer Eye for the Straight Guy. Jerry has also been an executive producer on one of my shows back in the day called, Bank of Mom and Dad. It’s a little show back in 2009.We talk about how to make great TV today. Where does TV live? It’s not just on TV, we have now a lots of screens. So, how do you think as a producer about the kinds of shows that can exist and be successful on platforms like Netflix, maybe even Facebook? Jerry’s got shows on all of those channels. How did he get his start? What brought him to this world? And where does he see the future of television heading?To learn more visit www.somoneypodcast.com. Hosted on Acast. See acast.com/privacy for more information.

Our topic today is single motherhood and how to make it work financially, romantically, professionally. Emma Johnson is an expert on all of those fronts and she has been a guest on this show before as the founder of wealthysinglemommy.com. She's built an incredible community around single motherhood and how to make the most of it. Emma, thanks to the popularity of her blog, has a new book out now, it's called, The Kickass Single Mom: Be Financially Independent, Discover Your Sexiest Self, and Raise Fabulous, Happy Children.Emma was first on So Money on episode 298 talking about her blog. Now, she's back talking about this book and the advice that it gives to mothers on how to build their own wealth, ignite romance and raise great families. I think it's actually something that all parents can learn from. It's not just a bible for single mothers. I think it's got some really great roles for all of us, who have children.If you'd like to learn more visit www.somoneypodcast.com. Hosted on Acast. See acast.com/privacy for more information.

How do you fight the urge to keep up with the Joneses? Should I take a new job opportunity or negotiate the terms at my current job? How do I play catch-up with retirement? Answering these questions of yours and more on this week's Ask Farnoosh.For more information or to submit your own question for an upcoming Ask Farnoosh visit www.somoneypodcast.com. Hosted on Acast. See acast.com/privacy for more information.

Back by popular demand, Eric Roberge is in the house. If you listened to last Friday’s episode of Ask Farnoosh, you know Eric was my esteemed co-host. I wanted to bring him back for a 1:1 interview. As a certified financial planner and founder of his own virtual financial planning company, Eric has a great grasp on all the issues young professionals are facing when it comes to money and personal finance. A little more about Eric: His financial planning firm is called Beyond Your Hammock.He previously worked for State Street and JPMorgan before starting his own business at age 33. Now, he helps people in their 30's and 40's make strategic decisions with their money to achieve financial independence. Eric has been named one of Investopedia's Top 100 Most Influential Advisors. He frequently contributes to Forbes, Huffington Post and Money Magazine.So, should you hire an advisor? How much does it cost? What are some of Eric’s greatest financial tips for the current generation?If you'd like to learn more about Eric visit www.beyondyourhammock.com or follow him on Twitter @BeyondFinances.For more information visit www.somoneypodcast.com. Hosted on Acast. See acast.com/privacy for more information.

Our guest today has been a close friend and a key member of my support system since my early days of living in New York City. Brian Maloney is here. Brian is more than just a friend. He is a mentor, an entrepreneur, a loving dad, brother and husband. He recently made a brilliant career pivot from high profile positions in brand marketing and public relations to becoming the owner of his own Brooklyn art gallery called CUSP NYC. I’ve always wanted to pick Brian’s genius brain and talk money with him and now seemed like a great opportunity.  Brian says the power of art has always been his engine for creativity and inspiration in helping brands. His modus operandi is Creativity Unleashed to Solve Problems, which is how he came up with the name CUSP for his gallery here in Brooklyn.Later this month CUSP will be featuring 12 female artists in an exhibit called MAKE ROOM. All the artists use uncommon techniques or a unique process to transform traditional media. Maybe I’ll see you there! Visit www.cusp-nyc.com Up next…Hear Brian Maloney on his money philosophy, growing up in the Midwest and flipping burgers at Burger King. You gotta start somewhere!For more information visit www.somoneypodcast.com. Hosted on Acast. See acast.com/privacy for more information.