So Money with Farnoosh Torabi

We cover a lot of ground on Ask Farnoosh, answering questions related to a strange 401(k) at work, the pros and cons to placing a smaller down payment on a home, using an inherited Roth IRA to pay for a home purchase and where to turn for free credit counseling. Plus, Farnoosh's thoughts on this year's Equal Pay Day and the latest reviewer to win a free 15-minute money session. Hosted on Acast. See acast.com/privacy for more information.

By the end of 2020 roughly 3 out of every 10 small businesses that were open in New Jersey at the beginning of 2020 had closed. Today we're spotlighting a local bakery in Montclair, NJ (my town) for a behind-the-scenes look at how it managed to stay afloat in the pandemic.Rachel Wyman is the owner of the Montclair Bread Company, a bakery that specializes in artisan bread, classic pastries and specialty donuts. It is also a beloved community gathering hub. In our conversation, Rachel shares the tumult of the first few months of the pandemic, having to furlough a majority of her staff and quickly rethink her business plan. We touch on the importance of having multiple revenue streams and ways to build a loyal community of customers.Rachel grew up in Maryland and as a child watched her grandmother make wedding cakes. After graduating from the University of Florida with a French degree, she studied baking and pastry at the Culinary Institute of America in Hyde Park, NY, where she discovered a passion for baking bread. She has worked for Bread Alone Bakery, Amy’s Bread, and the Ritz-Carlton and has developed bread recipes for Wegmans, Whole Foods, Target, and Starbucks. She is a mom of three children. Hosted on Acast. See acast.com/privacy for more information.

The pandemic drove many incoming freshman students to defer their first year of college and take an unexpected 'gap year.' But what if this became the norm? Guest Abby Falik is a social entrepreneur and founder of Global Citizen Year, an organization that supports students between high school and college, helping them to approach higher ed with more intention and purpose. On the show Abby and Farnoosh discuss the benefits of slowing down the approach to college enrollment, how colleges and universities perceive the students that take a so-called "gap year" and why Abby thinks some colleges will be forced to close in the coming years.More about Abby: She is the Founder & CEO of Global Citizen Year, an award-winning social entrepreneur, and an expert on the changing landscape of education. She is a frequent speaker and writer, and has been featured in prominent forums and news outlets including the Aspen Ideas Festival, the Fast Company Innovation Festival, The New York Times, The Washington Post, and NPR. Learn more:Global Citizen YearWebsite: globalcitizenyear.orgTwitter: @GlobalCitizenYrFacebook: facebook.com/globalcitizenyearInstagram: instagram.com/globalcitizenyrAbby FalikWebsite: abbyfalik.com Twitter: @abbyfalik Facebook: facebook.com/abby.falikLinkedIn: linkedin.com/in/abbyfalik Hosted on Acast. See acast.com/privacy for more information.

On this week's Ask Farnoosh, listeners want to know if it's better for married couples to file taxes separately to claim the stimulus, how to retire by 42 and when to know if purchasing an investment property is really worth it? Hosted on Acast. See acast.com/privacy for more information.

Our guest today erased six figures worth of consumer debt and now runs a successful business, while teaching many on how to reclaim their financial health. Britni Ross is a Business & Financial Educator and Coach who focuses on helping you break your financial handcuffs so you can create a life and work you love.From budgeting to wealth building, Britni teaches you how to take command of your money story. Over the last decade, she has paid off over $170,000 in personal debt and left her corporate job to test her skills at running a business.Britni is a wife, mother, and multi-passionate entrepreneur who lives in Ohio where she continues working toward her goal of becoming financially independent. Beyond her coaching business, she also runs a successful e-commerce company with her husband from the comfort of their 13-acre countryside property.Blog/Site: https://www.britniross.comInstagram - https://www.instagram.com/britnirossFree Resource for the Podcast Audience: https://www.britniross.com/somoney (custom offer will be live before our interview) Hosted on Acast. See acast.com/privacy for more information.

Guest Lindsey Pollak is a New York Times bestselling author and career and workplace expert. Her newest book, Recalculating: Navigate Your Career Through the Changing World of Work, is a direct response to the COVID crisis, is an inspirational, practical, and forward-looking career playbook for recent grads, career changers, and transitioning professionals looking to thrive in today’s rapidly evolving workplace.More about Lindsey: Lindsey was named to the 2020 Thinkers50 Radar List, which honors the top global management thinkers whose work is shaping the future of how organizations are managed and led. Her advice and opinions have appeared in such media outlets as The TODAY Show, The New York Times, The Wall Street Journal, CNN and NPR. Lindsey is a graduate of Yale University. You can learn more about her work on her website. Hosted on Acast. See acast.com/privacy for more information.

This week's Ask Farnoosh episode covers pros and cons to buying in today's hot real estate market, financial (and life) advice for your 30s and the lowdown on Health Savings Accounts. Guest is Adam Auriemma, Editor in Chief of NextAdvisor.com Hosted on Acast. See acast.com/privacy for more information.

We cover it all today! From how businesses can (and should) be more inclusive, the fight for equal pay at work and how to create generational wealth. My guest is Daisy Auger-Dominguez, Chief People Officer at Vice Media Group. For over twenty years, Daisy has made it her mission to make workplaces more equitable and inclusive. A human capital executive and expert on diversity, equity and inclusion, Daisy inspires and equips global leaders and organizations to think inclusively, lead with purpose, embrace courage and shape the future of work. She's consulted mega-watt companies including Google and Disney.In our conversation we discuss: today's blueprint for creating a more inclusive culture at work, how to teach empathy, Daisy's childhood, as a Dominican-Puerto Rican-New Yorker, of being "close to wealth" but not wealthy and how she's creating generational wealth for her daughter and siblings.More about Daisy: Her TEDx talk Inclusion Revolution and upcoming book with Seal Press by the same title calls on everyone, from an individual contributor to a CEO, to take on the work of dismantling inequity in the workplace.Learn more at https://www.daisyauger-dominguez.com. Hosted on Acast. See acast.com/privacy for more information.

#BoycottAmazon has been trending on Twitter lately. Maybe you’ve seen the headlines about Amazon’s alleged unsustainable and unfair working conditions or grown concerned about the massive wealth chasm between the company’s founder and its 1.3 million employees. Perhaps you’ve witnessed several mom and pop-owned businesses close their doors during the pandemic, while Amazon earned billions. You may be embarrassed about the amount of money you spend at the retail behemoth. Or maybe you just want to better support minority-owned businesses.Whatever the reason, you may be compelled to quit Amazon for good. Today’s episode interviews one New York City journalist and mom who’s given up her Amazon spending as best she can.Julie Scelfo officially kicked her Amazon habit in 2019 for “a combination of reasons,” she told me. Between the excessive packaging that made recycling a “part-time job,” the financial toll on mom-and-pop stores, and the overtime delivery teams suffered around the holidays to get Amazon packages to doorsteps, Scelfo had witnessed enough. The site was once her go-to for everything from laundry detergent to books, baby gifts, and kid clothes, but she banned it altogether.As an activist, this isn’t Scelfo’s first retail boycott. Several years ago, she gave up the Gap when she saw the clothing store monopolizing city street corners and edging out smaller shops. “I’ve always tried to spend my dollars in line with my values.” But, she admits, “it’s not so easy.”Listen to find out more about Julie’s reasons for banning Amazon, how she’s finding alternative vendors and how others can follow in her footsteps.More about Julie: She is a journalist, author and justice advocate who helps people discover the forces that help shape human thinking.Recently, she gave a TED Talk about how humans make meaning and why being “media savvy” — having an understanding how media works — is essential for parsing today’s cluttered information environment.Previously, Scelfo was a staff writer for The New York Times, where she wrote stories about how we live in contemporary American society that frequently ended up on the Times’s most-emailed list. Before joining the Times in 2007, Scelfo was a Correspondent at Newsweek where she covered breaking news, including the September 11, 2001 attack on the World Trade Center.Scelfo is most popularly known as the author of The Women Who Made New York (Seal Press/Hachette, 2016), a collection of intersectional biographies that reveal how it was women — and not just men — who built one of the world’s greatest cities. Irin Carmon described the book as “both a public service and a pleasure;” Maria Popova of Brain Pickings deemed it “rigorously researched and elegantly written.” Hosted on Acast. See acast.com/privacy for more information.

Farnoosh answers listeners' questions about what to do after accidentally contributing to a Roth IRA when your incomer exceeded the limit, as well as whether it's wise to invest in stock "slices." Also: When does it make sense to pay for and lock in a mortgage rate and what is the best way to save for a child's future? Hosted on Acast. See acast.com/privacy for more information.