So Money with Farnoosh Torabi

Today’s guest is a serial entrepreneur. He founded, led and grew numerous businesses in the financial services, real estate, media and tech sectors. Robert or "Bobby" Monks as he goes by, is out with a new tell-all book. It’s called, "UNINVE$TED: How Wall Street Hijacks Your Money and How to Fight Back." It offers an interesting perspective considering Bobby worked in finance for almost his entire work life. So, in this book he is blowing the cover on how Wall Street works. He’s got a lot to say on the matter. The book is really a way to teach Americans on how financial firms and money managers on Wall Street are profiting from our ignorance by over complicating the investing system. Bobby talks about how the system is corrupt and what we can do to change it and he would know. He was once the chairman of Spinnaker Trust, managing over a $1 billion in asset so he’s had quite the perspective. With Bobby, we learn how to seek out a financial adviser who is working in your best interest and is affordable. How to negotiate with your financial adviser to lower his or her fees and the costly truth about 401(k)’s. For more information visit www.somoneypodcast.com. Hosted on Acast. See acast.com/privacy for more information.

We have a fantastic, great, funny, beautiful, inspiring and smart guest today. She is Laura Belgray. She’s the founder of Talking Shrimp and creator of The Copy Cure. What is Talking Shrimp and what is The Copy Cure? She’s going to tell you about that. In the meantime, Laura has been a professional writer for nearly two decades and she has won numerous awards for her work. She creates website copy and corporate branding to help brands and people get the attention they deserve. Because you know what? Words matter! Through her work, with hundreds of clients including some names you might recognize like Marie Forleo, Mastin Kipp and Amy Porterfield, she’s seen firsthand that putting you into your copy is pure magic for getting people to love you, share your ideas and happily click your “buy” button. So, if you're in the online selling world, you want to listen to this episode. But in addition to online and small business type, Laura’s list of clients and credits include NBC, Bravo, HBO, TBS, Fandango and the list goes on. If you watch TV and don’t skip the commercials, you might just see her words on the air. Most recently, Laura and Marie Forleo combined their smarts to create The Copy Cure, which is "the ultimate online copywriting course" to help write like you talk and make people love and buy what you want to sell. Some take away from our conversation with Laura, her biggest money mistake and it took her years to finally make the right decision. Growing up in New York City, her exposure to money as a kid growing up in the big apple. How to earn what you want. This amazing trick that she incorporated into her own business practice, it was one decision and she woke up richer the next day. For more information visit www.somoneypodcast.com. Hosted on Acast. See acast.com/privacy for more information.

Lisa Gersh is the CEO of GOOP, a lifestyle website that features fashion, travel, food, all actionable content curated by a team led by Gwyneth Paltrow, the founder. Prior to arriving at GOOP over a year ago, Lisa served as President and CEO of Martha Stewart Living Omnimedia. She also co-founded Oxygen Media, serving as both the president and COO.  She and her team ultimately sold Oxygen to NBC for about a billion dollars. With Lisa I learned… The right way for someone to ask HER for a raise. She’s been leading companies for years. She’s been in charge of hiring and promotions. From her perspective, what’s a smart way to ask for more money on the job? Paying her way through college when her parents were unable to afford it. How she strategized. The future of GOOP…Lisa uses the term world domination. For more information visit www.somoneypodcast.com. Hosted on Acast. See acast.com/privacy for more information.

In this week's episode of Ask Farnoosh I answer your biggest questions about investing as a rookie, changing your career path, 401k contributions and more.For more information visit www.somoneypodcast.com. Hosted on Acast. See acast.com/privacy for more information.

The show today is about your relationship strategy. You may have heard the expression, "You are the average of the 5 people you spend most of your time with." Think about that. Do you like these 5 people? Do they support you? Reciprocate the help and advice you give? Our guest today is an expert in helping people strategize relationship building. Michal Roderick is the CEO of Small Pond Enterprises LLC, a consulting company and educational resource for solopreneurs, entrepreneurs and intrapreneurs. I had to look up the word intrapreneur…it’s someone who works INSIDE a company who exhibits entrepreneurial qualities. Michael was once a high school teacher turned Broadway producer in less than two years. That experience led him to start an arts incubator program to teach fellow artists how to build and grow their own businesses. Eventually, he developed a workshop on networking which grew into a full-fledged consulting practice and that's how Small Pond Enterprises was born. For more information visit www.somoneypodcast.com. Hosted on Acast. See acast.com/privacy for more information.

Today I have a longtime friend joining me on the show. I’ve known Jennefer Witter for at least 10 years. Jennefer is the CEO and founder of The Boreland Group, a national PR firm headquartered in New York City. It’s not often as journalist that you become friends with the publicist. The publicist who e-mail you, write to you, call you, grab you for five minutes at a conference to tell you about their company. I’m all for pitches. I love working with publicists for the most part. They are very helpful to me and instrumental in the work that I do. We wouldn’t have guests on this show if it wasn’t for the good work and the kind work of publicists who represent amazing people and amazing brands, but rarely do you actually befriend these people in your personal life where you actually go to dinners and you share personal stories. Jennefer and I really clicked way back when I was working at NY1. Initially, we started out as just business friends. We worked together, she sent me pitches, I had some of her guest on the show. So, long story short, we’ve been in touch for all of these years. Her business has exploded as well. She’s on the show today to share some of her lessons learned as well as her financial mindset and behaviors. How she has been able to build wealth while living here. Also, how, as a single female entrepreneur, she’s been able to build her business to the point where she was named one of the top 10 black CEO entrepreneurs in the country. She also has a book called, The Little Book of Big PR: 100 Plus Quick Tips to Grow Your Small Business. In addition to getting her clients on top national and regional platforms, she herself has been featured in Fast Company, Bloomberg, The Huffington Post and TheStreet.com. She’s also an advocate for women in business and serves as an active member of Elevate New York. For more information visit www.somoneypodcast.com. Hosted on Acast. See acast.com/privacy for more information.

Today's guest is an award-winning financial writer contributing to CBS News, Kiplinger's Personal Finance magazine, Financial Planning amongst many others.Kathy Kristof is also the author of three books, most notably, "Investing 101" and "Taming the Tuition Tiger." You might also recognize Kathy's voice as she frequently contributes to TV and radio programs. A fun fact, she was even once a question on Jeopardy... "Kathy Kristof replaced what famous personal finance columnist who died in 1991?" The answer was Sylvia Porter.   Some take aways with Kathy include core perspective on the financial markets in 2016. What we can do to protect our money. She’s covered the markets for decades so she can pinpoint cycles and she can tell you what might be the best strategy going into this year. That and so much more.   For more information visit www.somoneypodcast.com. Hosted on Acast. See acast.com/privacy for more information.

Our guest today is a pioneer financial blogger, one of the first to sell his blog for 7 figures. Jim Wang founded Bargaineering.com. It was a side hobby that eventually brought in a full time income — and then less than 5 years later he sold the site for $3 million. PS. He says he started the blog because he was bored! Today Jim has a new online venture, a website called Wallethacks.com, launched last fall. It’s pretty spectacular in its vision and delivery. Articles, tools and tips on building money systems, how to live fully, save, spend wisely and pay down debt. Jim’s been featured in the New York Times, Baltimore Sun, Entrepreneur and Marketplace Money. And now, excited to say, on this podcast. He also created a special link for So Money listeners offering an exclusive contest and some great materials so check it out by visiting wallethacks.com/somoney. Three takeaways from our time together... His growth strategy for Wallethacks and how it will differ from how he built his first successful blog. Growing up with immigrant parents. What financial lessons did he learn as a child? How to master your money even if you're forgetful like Jim! For more information visit www.somoneypodcast.com. Hosted on Acast. See acast.com/privacy for more information.

In today's episode of Ask Farnoosh I answer your biggest questions about how much money to set aside monthly in a 529 account, effectively asking for a raise at work, student loan repayment plans and more.For more information visit www.somoneypodcast.com. Hosted on Acast. See acast.com/privacy for more information.

Today, we're looking at $1.3 trillion in student loan debt. Outstanding student loan debt in this country has surpassed credit card debt and it’s a problem. Today’s guest is hoping that he can bring some solutions to this problem. We have Adam Carroll, the founder of National Financial Educators. He’s quickly being recognized as one of the top transformational trainers in the country. We’re lucky enough to get him to stop by college week on the show. He’s very busy because next week he has this amazing documentary that is going to go live called Broke, Busted, Disgusted. It is a documentary on student loan debt. The film started garnering critical acclaimed after his TED Talk in September. Adam is also the author of “Winning the Money Game," which is taught along with its corresponding curriculum in high schools and colleges across the country as a financial literacy supplement. He also has his own podcast called, “Build a Bigger Life”. He is the founder of National Financial Educators. He’s presented over 500 colleges and universities all over the country on the topic of student loan debt and financing education. So, he is our guy today in the hot seat talking about student loans, his three best tips for those saddled with debt, how to get out of it. He  also shares the number one question he finds college students often cannot answer - a basic question - when it comes to their student loans and it was the stimulus for his documentary. For more information visit www.somoneypodcast.com. Hosted on Acast. See acast.com/privacy for more information.