So Money with Farnoosh Torabi

Knowing how much to put aside for the future, emergencies or anything else for that matter can be challenging. How much can you afford to save? How much do you need to reach your goal? What if there was only an app that could figure all of that for you and actually save on your behalf?Introducing: Ethan Bloch, the founder and CEO of Digit: Automated Savings, an automated savings tool with text-enabled communication. The app connects to your checking account, which allows Digit to analyze your income and spending habits to find small amounts to save for you. Those amounts increase (or decrease) based on your lifestyle. And you can easily, and with NO FEE, withdraw money from the Digit savings account via text whenever needed. Since its launch, Digit has saved an overall $20 million for users.Ethan has had over a decade of experience in finance, and his last company, Flowtown, was acquired by Demandforce (Intuit) in 2011. He says that he as been “obsessed with personal finance” since he was 13, and has spent his career doing just that. With Digit he provides a solution for modern problems in personal finance.Three takeaways from our interview:Why Ethan says the big banks can’t compete with Digit.How the app determines how much to save on your behalf. What if your income's sporadic?The sore lesson Ethan learned after investing his bar mitzvah money. Hosted on Acast. See acast.com/privacy for more information.

I wanted to be able to answer as many of your questions as possible so today we have a special extended edition of Ask Farnoosh.  On today's episode, I answer your biggest questions about, what to do with a raise, starting a "mastermind group," how much to have in an emergency fund, and prepping for an impending layoff. Hosted on Acast. See acast.com/privacy for more information.

I wanted to be able to answer as many of your questions as possible so today we have a special extended edition of Ask Farnoosh. On today's episode, I answer your biggest questions about rebalancing your IRA, how I shifted from being a financial writer to a media personality, finding speaking engagements, how to make your savings grow, paying off student loans, side hustles, saving for retirement, what to do with inheritance, and the ramifications of filing bankruptcy. Hosted on Acast. See acast.com/privacy for more information.

Many of you have requested my guest today to be on So Money, so I’m very excited to finally have her here: Paula Pant of the blog and movement Afford Anything.  She is a self-proclaimed globetrotter, entrepreneur and investor.  She has traveled to 33 countries and owns seven rental properties – wow, can I come visit?  But above all, Paula is her own boss and lives on her own terms, which sounds pretty great to me.  Her belief is that money can fuel your dreams and that it’s about growing your wealth, not pinching pennies.  Her blog Afford Anything is part of a larger movement to allow people to ditch the 9-5 lifestyle and master their money to embark on their dreams.  For Paula her dream was to travel …and as a newspaper editor and reporter she found her work exhilarating but it wasn’t enough. She wasn’t pursing her dreams.  She quit her job eventually to travel the world…and from that experience AffordAnything.com was born. Hosted on Acast. See acast.com/privacy for more information.

You asked for it and this week we made it happen... I'm in the So Money hot seat! My fellow podcaster Joe Saul-Sehy from Stacking Benjamins stopped by to interview me about my earliest money memories, my financial mistakes and my so money moment. Joe was also a guest on the show last week  where he gave great advice for making a successful podcast and how he and his wife communicate about money. Hosted on Acast. See acast.com/privacy for more information.

Today’s guest is going to share the importance of having mentor in our lives…She is the author of the new book Getting There: A Book of Mentors. In it she interviews 30 leaders across different career paths that share their journey on the road to achieving success. From Warren Buffett to Frank Gehry to Sara Blakely, the billionaire inventor of Spanx shapewear for women.Her book offers great advice for everyone from students to those who’ve been working in their fields for years. It’s practical and priceless wisdom that we can apply across the board whether in our careers or elsewhere. She also wrote the book New York Characters, which pays tribute to some of the most interesting New Yorkers at the time. Gillian also received her law degree from the Benjamin N. Cardozo School of Law and is a photographer. She lives in NYC. Hosted on Acast. See acast.com/privacy for more information.

Hannah Ouimet is here on the show today. She's running a six-figure fashion business from her phone, yes, by selling some of her unwanted clothes and accessories. And now she's gotten so good at it, she knows how to buy items elsewhere at a low cost and re-sell them. And by the way, she's only 23-years-old. She got her start in college and she's still in college. She decided to just sell some things from her closet that she didn't want anymore to make a few extra bucks, and she did this on a site called "Poshmark", which allows users to sell their unwanted clothes and accessories to fellow Poshmark App users.And before she knew it, Hannah was not only making a profit selling her own stuff, but also her friends items. She started buying designer apparel on deep discount, reselling that for a profit, and over time she has amassed something like 2 million users on Poshmark and she's been inspired to actually go out on her own, still working with Poshmark but also starting her own e-commerce shop called "Hannah Beury". Her success story's been covered by the Wall Street Journal, Fox News, and Refinery29 among other places. And now she's on So Money! Very proud and excited to share her journey with you because I think what it really teaching us is that with an app and a phone and some unwanted clothes, and we've all got some unwanted items in our closet, you can make a few bucks and in best case scenario you can turn it into a lucrative business and it is this entrepreneurial success story that has brought her to this show. Hosted on Acast. See acast.com/privacy for more information.

Hair is a big business. My guest Myleik Teele is revolutionizing the world for women who have curly hair. She founded curlBOX, an exclusive and affordable monthly subscription box full of amazing haircare products for women with curly hair. This small big idea lets women try travel and sample sized hair products before actually making the purchase and investing in a full-sized bottle. CurlBox has partnerships with major brands and distributors including Procter & Gamble, Walmart, Target and Shea moisture. The company has over 200k Instagram followers and Teele even created a web-series, curlBOX TV, which gives viewers a behind-the-scenes look at their favorite hair care brands. Behind this business is a remarkable personal story. And that’s where my interview with Myleik – who is only in her early 30s – begins. Hosted on Acast. See acast.com/privacy for more information.

On today's special extended episode of Ask Farnoosh I answer your biggest questions about saving for college, selecting the right money team, budgeting, getting out of an unhappy job, getting out of debt, making money from blogging, and figuring out your 401k. Hosted on Acast. See acast.com/privacy for more information.

On today's special extended episode I answer your biggest questions about getting out of credit card debt before starting a business, retirement strategies, starting over in your sixties, investing, exploring career options, when she makes more in the relationship, and what to do with extra cash. Hosted on Acast. See acast.com/privacy for more information.