So Money with Farnoosh Torabi

In this episode of Ask Farnoosh I answer your biggest questions about renegotiating a job offer, the best financial resources for a So Money fan that's looking for intermediate level literature, what other types of savings accounts you can use if you're planning to retire before 55, how to save for a downpayment on a house, how to grow a business while facing some debt, playing catchup with retirement savings and more.  For more information check out www.somoneypodcast.com. Hosted on Acast. See acast.com/privacy for more information.

Rebecca Jarvis is the ABC news chief business and economics correspondent and creator, host and managing editor of “Real Biz with Rebecca Jarvis.” She reports for all ABC news programs and platforms… and conducted wide ranging interviews with the biggest names in business, including General Motors’ CEO Mary Barra, mega investor Warren Buffett, Facebook’s COO Sheryl Sandberg and Twitter founder Jack Dorsey. Rebecca and I first met about six years ago at CBS News. And she’s one of the hardest working people in the industry.In the following interview I put her on the spot and asked her about something she failed to put in her bio… tsk-tsk. Rebecca’s got some fantastic insights to share about her financial journey and the lessons learned as a kid growing up in the Midwest…the big money mistake she made and the impact it had on not only her finances, but her parents’ finances, as well…and how she turned a 6-month trial job into a major 3 year contract.For more information visit www.somoneypodcast.com Hosted on Acast. See acast.com/privacy for more information.

So Money singletons, this episode’s for you.  If you’re looking for love and you like technology…our guest today is marrying the two with his new dating app called Hinge. You might have heard of it. I have to be honest, I’m really behind the times when it comes to matchmaking apps. When I was dating years ago, there was Match.com and it was still a little weird to say you met your boyfriend or wife ONLINE. People would make up all sorts of lies…and say “oh and we met at Barnes and Nobles or at a party…when really, you met at 2am online in your pajamas courtesy of match.com.Now the online dating industry is an estimated 2 billion dollar market with popular matchmaking apps like Tinder, Coffee Meets Bagels, Bumble, The League…and a relative new player in the field – Hinge. Our guest today is the founder and CEO of Hinge Justin Mcleod.Hinge is a relationship app that helps people meet through friends.  Unlike apps that show you random people in your area, Hinge shows only people in your social circles. Basically think of Hinge as a good friend who’s trying to set you up with all of their single friends and over time, they start to prioritize matches based on your preferences and tastes.A graduate of Colgate University, Justin took a job in management consulting and then went on to attend Harvard Business School. He always has had a real passion for connecting people and decided to follow it years later when he founded Hinge in February 2011.  Shortly thereafter in February 2013, the app was launched and the rest is history.According to an article released this year, Hinge has made over 8 million matches by late October of last year and boasts 35,500 dates per week and 1,500 relationships happen due to the app. Hinge is currently live in dozens of cities including London, Toronto, Sydney and Mumbai.  Just last year the app’s active user base grew 5x! Hosted on Acast. See acast.com/privacy for more information.

Today I’m sharing a real rags to riches story. Several years ago my guest J. Massey encountered a series of life-altering events – his pregnant wife had a serious illness, he was in an accident that left him with a punctured lung that prevented him from being able to work, and their family home was foreclosed upon. J. quickly realized that he needed to make changes to be able to survive. So he immersed himself into intensive real estate investor training.He has since become a very, very successful real estate investor and has amassed an impressive portfolio of over 300 units of residential and commercial properties as well as private notes and mortgages.Today, in addition to his extensive real estate work, J. runs a training series that is available for others to learn how to turn their financial lives around, gives speeches and has authored the book Cash Flow Diary: 10 Steps to Creating Wealth in Any Economy. Hosted on Acast. See acast.com/privacy for more information.

Kids grow fast, which means a whole new set of clothes every few months, which means constantly having to spend money on items your kids will use and then outgrow before you can blink an eye. So how can you keep your kids clothed without throwing money out the window? Thankfully, my guest today, Shannon Wilburn, has an answer: consignment sales.It started in 1997, when Shannon and her friend, both young moms in Tulsa, OK, had the idea to hold a small kids clothes sale in Shannon’s living room with 17 consigners. They sold $2000 in merchandise and each walked away with $150. From there the business, which they named Just Between Friends, grew, and within a few years they were holding multiple day sales in an expo-center in Tulsa and helping other moms start their own sales. In 2004, Shannon franchised the company and now Just Between Friends sales are held all over the country. Some of them even gross over a million dollars each! Hosted on Acast. See acast.com/privacy for more information.

In my Ask Farnoosh episodes I received a number of questions from  you about financial advisors. How do I know I’m ready to work with one? How much do they cost? Is it worth it?I also receive a number of questions about the growing market of “robo advisers” or online advisors that offer more affordable financial planning. You don’t get to meet with an advisor one-on-one but you receive a virtual plan that addresses your goals…And many people are participating. ..Still many are not sure if this is right for them.That’s why I’ve invited today’s guest…co-founder and CEO of Betterment, Jon Stein.  Betterment launched in 2008 and is, as the company says, “a smarter automated investing service that provides optimized investment returns for individual, IRA, Roth IRA & rollover 401(k) accounts… Through diversification, automated rebalancing, better behavior, and lower fees, Betterment customers can expect 4.30% higher returns than a typical DIY investor.” The company also practices automation and passive investing. It’s free to sign up and as your account  balance grows, so does your monthly fee…But it is significantly cheaper than a traditional account fee.Back to Jon, he comes from a background in financial services…and is a graduate of Harvard University and the Columbia Business School.  In addition to holding Series 7, 24 and 63, he is a CFA charterholder. Hosted on Acast. See acast.com/privacy for more information.

In today's episode of Ask Farnoosh, I answers your biggest questions about breaking down credit scores, prioritizing your expenses, helping family members with finances and saving to buy a house. Hosted on Acast. See acast.com/privacy for more information.

In today's episode of Ask Farnoosh, I answer your biggest questions about quitting your job, AmEx returns, starting investing, budgeting for young couples, my favorite guest financial habits and diversifying your investments. Hosted on Acast. See acast.com/privacy for more information.

I have a guilty pleasure. And that guilty pleasure is an entire channel… known as Bravo.  From the Real Housewives of Beverly Hilss to Watch What Happens Live with Andy Cohen. And today, we have one of my favorite Bravolebrities: Millionaire Matchmaker Patti Stanger. She is the star and executive producer of the network’s hit series “The Millionaire Matchmaker” currently in its eighth season. If you’ve never watched the show Patti connects high net worth clients with women seeking love. The idea being that busy successful men don’t have time or the wherewithal to really make a meaningful connection on their own… And she flips it sometimes, too. I’ve watched her match millionaire women with men... and she’s also connecting same sex couples too, which is wonderful.What I admire most about Patti is her business savvy. She’s an experienced third-generation matchmaker. She founded her company, the Millionaire’s Club, in January 2000 and 15 years later it boasts more than 100,000 members available for its clients. Prior to launching this business Patti served as the Director of Marketing for Great Expectations, one of the oldest dating services in the United States. Early in her career, she spent 10 years in the fashion industry.Patti is also an accomplished author, columnist, radio show host and recently getting into the wine and spirits industry. Hosted on Acast. See acast.com/privacy for more information.

Imagine earning six figures…but being broke. Earning over $100,000…but facing the same amount in credit card debt.This is where the story of Brian Brandow begins. When trying to book a family vacation back in 2010, Brian says he hit a wall. All of his five credit cards were maxed out and he had no available cash. At the time he was making a great salary of $120,000 as an IT manager – more than enough to afford a vacation – and he quickly realized he and his wife needed to make a change. They were living far beyond their means, and had accumulated a whopping $109,000 in debt.So Brian and his wife set out to take control of their finances and their journey t tp financial freedom began. Brian educated himself on personal finance, his wife went back to work to bring in extra income, and they were able to clear the debt in just over 50 months or 4 years. Without having to worry about paying off debt, they now are able to contribute to an emergency fund, retirement savings and college funds for their three kids.Today, Brian’s goal is to help others in similar situations through his blog Debt Discipline, and personal coaching sessions, where he teaches budgeting and getting on the right financial track. Hosted on Acast. See acast.com/privacy for more information.