So Money with Farnoosh Torabi

This discussion dives into the nuances of converting a Traditional 401(k) to a Roth IRA, weighing tax impacts against future growth. It offers practical strategies to secure retirement funds while considering family dynamics and Social Security. The conversation also emphasizes the importance of merging finances as a couple, sharing effective communication techniques like utilizing a shared calendar. Unpacking childhood economic disparities, the episode promotes financial education and awareness, setting the stage for a healthier financial future together.

Jodi Smith, creator of the blog Abundance of Jo and a rising star in personal finance, shares her inspiring journey from $50,000 in debt to financial empowerment. She offers practical strategies for balancing debt repayment with savings, highlighting the emotional aspects of her financial turnaround. Jodi discusses her approach to personal finance education through blogging, negotiation tips, and the importance of compassion in financial discussions. Her insights empower others to take control of their finances and build a brighter financial future.

Heather Chauvin, a dynamic speaker, coach, and author, shares transformative insights on time management, born from her experience overcoming stage-four cancer. She discusses her concept of 'energetic time management,' emphasizing alignment of energy and values over mere productivity. Heather introduces ideas like 'time debt' and strategies for creating a dream calendar. She addresses the challenges women face in balancing professional ambitions and domestic roles, highlighting the importance of setting boundaries and treating time as our most valuable asset.

Learn how early holiday sales and looming tariffs can influence your shopping decisions. Discover tips for scoring deals on car purchases in December. Dive into the debate between Roth and Traditional 401(k) plans and why the choice matters for your retirement strategy. Explore the complexities of midlife challenges and how to navigate them with humor and relatability. Stay informed about upcoming changes in personal finance education and community engagement, all while preparing for evolving market dynamics.

Seth Godin, bestselling author and marketing legend, returns to discuss his insights from his latest book, focusing on strategic thinking. He highlights the four crucial threads of strategy: time, game, empathy, and systems, which can transform our financial decisions and reduce stress. Seth emphasizes the power of being remarkable and urges listeners to embrace delayed gratification. He also redefines wealth, advocating for choices and contributions over material gain, making this conversation a treasure trove of actionable wisdom for personal and professional growth.

A new study reveals that more people want to quit their jobs now than during the Great Resignation. Whether it’s to find better-paying work to address the rising cost of living or simply to leave their company or industry and start fresh on a professional path they actually enjoy, the big question remains: Will they quit?Our guest today is helping people overcome that hurdle.Goli Kalkhoran is a Master-Certified Life Coach and former attorney who helps unfulfilled professionals create a career (and life) they genuinely enjoy. She hosts the Lessons from a Quitter podcast, where she de-stigmatizes quitting and offers resources and inspiration for individuals looking to pivot in their established careers. In this episode, we discuss why our culture is so afraid of quitting, how to afford to leave — financially and energetically -- and Goli’s journey of quitting her law career and the many pivots that followed.Join the So Money Members Club.Download Farnoosh's free investing blueprint.Hang out with Farnoosh on Instagram. Hosted on Acast. See acast.com/privacy for more information.

Discover strategies for managing your children's financial futures, like adding them to your business payroll for tax benefits. Consider the pros and cons of starting a 529 college savings plan close to college time. Debate between a 529 plan and certificates of deposit for education expenses. Plus, get insights on handling a 401(k) that's being discontinued. Engage with personal finance topics tailored for families, and prepare for the new year with practical budgeting tips!

As we approach Thanksgiving, there’s no better time to reflect on gratitude, personal growth, and turning life’s challenges into opportunities. In this episode of So Money, I’m joined by Christine Hassler, a #1 life coach, bestselling author, and host of the popular podcast Over It and On With It. Christine opens up about hitting rock bottom—leaving a toxic work environment, finding herself in debt, and overcoming heartbreak—all while redefining what success and happiness genuinely mean. She shares how gratitude became a cornerstone of her personal and financial transformation and why self-worth is directly tied to net worth.We also explore her actionable strategies for embracing setbacks, finding purpose, and creating a life rooted in abundance. Whether you’re feeling stuck or simply want to align your values with your goals, Christine’s insights will inspire you and prepare you to take the next step.This episode is a replay. Hosted on Acast. See acast.com/privacy for more information.

In this episode of So Money, I’m joined by Michael Schreiber, award-winning journalist, founder of MediaFeed, and long-time friend. Michael began his career as an award-winning journalist, producing acclaimed documentaries and in-depth reporting on topics like the credit card industry. Today, he’s at the forefront of helping businesses and individuals leverage content to grow their brands and connect with audiences.We explore Michael’s transition from journalist to media entrepreneur and the lessons he’s learned about creating impactful content. He shares strategies for building a personal brand on various platforms, from LinkedIn to YouTube, the power of content syndication, and how businesses can own their narrative without relying on traditional advertising. Plus, we dive into how AI tools like ChatGPT can supercharge your content creation process while saving time. Plus: a sneak peek into a collab between Farnoosh and Michael. Hosted on Acast. See acast.com/privacy for more information.

In this episode of Ask Farnoosh: How do you balance saving for your kids’ futures while ensuring your own retirement? Is it too late to start investing in your 60s? Plus, Farnoosh shares her thoughts on whether a Trump presidency could crash the stock market and breaks down the financial risks of dismantling the Department of Education. Join the So Money Members Club.Download Farnoosh's free investing blueprint.Hang out with Farnoosh on Instagram. Hosted on Acast. See acast.com/privacy for more information.