876: Tina Hay, Founder of Napkin FinanceSo Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
How would you like to learn about money in 30 seconds or less? I would. Well, our guest today is the Founder and CEO of a company that's doing just that. Her name is Tina Hay and her company is called Napkin Finance. It's a multimedia platform, where readers can learn everything about money in 30 seconds or less. It's a platform for people of all ages to learn about money as well. It's super visual, very fun, very simple. Her company is in high demand right now as you can imagine.
In fact, Napkin Finance has partnered with the White House from Michelle Obama's Better Make Room and Reach Higher initiatives, as well as numerous nonprofits, schools and universities. There's a book coming out later this year. Lots going on. Tina Hay is also a fascinating founder and woman. What led her to Napkin Finance and what are some financial concepts the company's yet to tackle? Tune in!
875: Ask Farnoosh: How to help my aging parents with money?So Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
This week's Ask Farnoosh recorded from Los Angeles, amidst the launch of Stacks House in Los Angeles, the financial pop-up that Farnoosh co-founded. This week: Questions about financially supporting aging parents, investing versus paying down debt and credit score hacks.
874: Tori Dunlap: Founder, Her First $100kSo Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
Tori Dunlap believes she was put on this planet for one reason and one reason only, to fight for wealth equality. Tori She is the Founder of Her First $100k, a website and a movement. Tori created Her First $100k to educate women about money and to encourage them to join her on the journey to amass a $100,000 by 25.
She teaches women how to negotiate, save, invest and she's a content creator, a speaker and a coach. She's only 24. I haven't been 24 in a while and I thought I was ambitious then and Tori definitely takes the prize.
You can follow Tori on Instagram @HerFirst100K
873: Lindsey Pollak, Author of The RemixSo Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
Lindsey Pollak is a leading expert on the millennial generation and today’s multi-generational workplace. She’s often called a translator, advising organizations and individuals on how thrive in today’s unprecedented five generation workforce.
People are working longer and years ago, we thought by now, that the baby boomers would all be retired, but many of them are still at it and working. Lindsey’s book, The Remix: How to Lead and Success in Today's Multigenerational Workplace, discusses how companies can thrive with these different generations and h ow to find common ground.
Lindsay also discusses the financial transition she experienced growing up, her parents going from middle class to upper middle class, the perks that she experienced and the impact that had on her finances as an adult. Lindsey is a New York Times bestselling author of Becoming The Boss - New Rules for the Next Generation of Leaders and Getting from College to Career: Your Essential Guide to Succeeding in the World.
She has spoken at Facebook, LinkedIn, Yale, Harvard, Wharton, Stanford. She’s been on The Today Show, The New York Times CNN NPR and now I’m proud to say, So Money.
872: Ask Farnoosh: Financial Planning in MarriageSo Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
In this week's episode, host Farnoosh Torabi tackles listeners' questions about making money moves in a relationship, purchasing life insurance when you're single and have no kids and where to invest small amounts of money.
871: Erin Lowry, Broke Millennial Takes on InvestingSo Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
Investing is not just for the wealthy. It is for broke millennials, too. We're welcoming back on the show my friend Erin Lowry, a personal finance expert. She started the crazy, popular blog called Broke Millennial years ago, as a way to share her own useful financial tips with her peers.
The blog blossomed into a book by the same name, Broke Millennial: Stop Scraping By and Get Your Financial Life Together, which came out in 2017. After the success of that first book, Erin is now back this year with her second book called Broke Millennial Takes On Investing: A Beginner’s Guide To Leveling Up Your Money. It just came out.
In many ways, this book complements the first, which is all about helping millennials level up and realize that investing can be simple, it can be done, it's approachable, it's fun, all the things. Such a needed book, because I know a lot of you have questions about where to begin when it comes to investing; what stocks to pick, where to put your money, 401K versus IRA, Roth IRA versus traditional IRA.
Erin's going to help us dissect all of this. PS, she's embarking on a multi-city book tour to promote this book. We're going to talk about where you might be able to meet her, including at Stacks House in Los Angeles. Very excited to welcome her back on the show.
870: Alex Banayan, Author of The Third DoorSo Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
Our guest today is Alex Banayan, who grew up in Southern California. The son of Iranian immigrants who had financial struggles and wished for Alex to experience a better life. And while he didn’t quite meet their initial expectations. (like many Iranian parents, he was encouraged to become a doctor, a lawyer, an academic), the 26-year-old has today accomplished more than many do in a lifetime.
Frustrated at school and tempted to venture on his own to discover the secrets to success, he dropped out and embarked on a quest to interview some of the most accomplished and most difficult people to reach, Bill Gates, Quincy Jones, Maya Angelou, many more. Their conversations and Alex’s own coming of age story and how he managed to score these interviews are in his book, The Third Door: The Wild Quest to Uncover How the World’s Most Successful People Launched their Careers.
How did Alex land these interviews? What’s the meaning of the third door? And how did winning the price is right contribute to all of this? We’re in for a treat, I have a special cohost with me today, George Itzhak, who is a producer for NBC news, a friend of mine and an incredible human being who has been on this show as a guest before on So Money.
George actually found Alex for me, recommended him for this podcast, loved his idea and we all decided, let’s get together, we went to NBC studios and recorded this. One of the few times I actually left my apartment to record an interview. This is a special one.
For more visit www.thirddoorbook.com
869: Ask Farnoosh: Where to invest $50,000?So Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
Guest co-host Lily Chen joins Farnoosh on this week's episode of Ask Farnoosh.
Lily is a medical doctor and podcast host from Sydney, Australia. She is also the host of How To Win Friends & Influenza, a quirky medical podcast that dispenses awesome life advice with minimal mention of Dale Carnegie.
Questions this week: How can I get my 401k rebalanced if I don't use a financial advisor? How to invest $50,000? And how to support my niece in college without making her financially dependent on me?
868: Kate Northrup, Author of Do LessSo Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
Who wants to hop off the I’m so busy train? It is possible to have a thriving career without feeling burnt out. It’s possible to raise your kids without feeling like you aren’t doing enough, according to our guest Kate Northrup who just released a book called Do Less: A Revolutionary Approach to Time and Energy Management for Busy Moms.
Kate was initially on this show about four years ago, discussing her first book, Money, A Love Story, which has been translated into five languages. Do Less is her second book and it’s really a reflection of all of the things that she has learned now as a business woman and as a mother to two children.
Her book offers women 14 experiments that they can try to eliminate their overwhelm and respond to the never-ending tasks and responsibilities that we face every day. We’re going to learn how to loosen the grip, surrender control and perfect the art of allowing.
To learn more about Kate, you can visit www.katenorthrup.com. She’s also on Twitter and Instagram @katenorthrup .
867: Ida Rademacher, Vice President at The Aspen InstituteSo Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
Ida Rademacher is the Vice President at the Aspen Institute, as well as the Executive Director of the Aspen Financial Security Program. The Aspen Institute is an educational and policy studies organization based in Washington DC, Through Ida's work she tries to create nonpartisan solutions to improve financial challenges that are facing households in America. Ida is also in charge of shaping policy about ways to improve financial security and financial wellbeing.
We discuss the current state of student loans, how her programs are actually moving the needle when it comes to promoting financial wellness, and the financial lessons Ida learned riding horses.
Learn more about The Aspen Institute here
866: Ask Farnoosh: How to juggle career and family when husband is out of town?So Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
Guest host Christina Hamati joins Farnoosh to answer listeners' money questions. Christina is an avid listener. She works at a Fortune 100 financial firm as a consultant on various advanced financial planning concepts. She is in the midst of achieving her CFP designation. Questions we tackle:
I've heard it's better to put money in your IRA than pay down your mortgage. What do you think?
Any advice for a 34-year-old who is just now taking her finances seriously? Tips? Books?
When is the best time to liquidate a mutual fund for a big purchase? Is 5 years to soon?
How to juggle career and family when husband is out of town?
865: Sarah Fallaw, The New Millionaire Next DoorSo Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
Today’s guest is more familiar with The Millionaire Next Door than anyone else. She is Sarah Fallow, the daughter of the late Thomas Stanley, the book's author. Sarah is the Founder and President of DataPoints LLC, a company that provides scientifically validated, automated behavioral finance tools to the financial services industry. As the 20th anniversary of The Millionaire Next Door drew nearer, Sarah worked with her father to do research and development for an updated version of the book. With her psychology and data background and his extensive experience researching millionaires over his career, together they created an outline for what would become a book entitled The Next Millionaire Next Door. Today we’re going to talk to Sarah about her and her late father's findings. What’s changed when it comes to the behavior of millionaires and what can we learn from them? Also, what was it like growing up with Thomas Stanley and how does she hope to carry on his legacy? To learn more about Sarah Fallow, please visit www.DataPoints.com and follow her on Twitter @SarahFallaw. You can also purchase The Next Millionaire Next Door wherever books are sold.
864: Stacks House Co-Founders, Kindra Meyer and Patience RamseySo Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
Do you want to come play with the money? We are in conversation with Stacks House co-founders Kindra Meyer and Patience Ramsey. Really excited to announce that tickets are on sale currently for our Los Angeles arrival. You can purchase tickets at stackshouse.com/tickets and I have a special discount for SO MONEY listeners…Use SoMoneyStacksLa for 20% off your ticket. We’ll be opening doors on April 17th and we'll have a limited run in the City of Angels and the plan is to travel the country.
What better way to go behind the scenes of the why and the how and the what of Stacks House than to invite my cofounders Patience and Kindra to So Money. I met these two ladies back in the summer of 2018. They invited me to come and learn about their plans to launch a major company called She Stacks, which is all about supporting women in their endeavors to become a financially independent and close the wealth gap. Stacks House is the first of many offerings from She Stacks.
If any of you ever been to the Museum of Ice Cream or Museum of Pizza, Color Factory, etc. you know that popups are a thing right now, right? People are lining up and can't get enough of them. To leverage that popularity, we're doing our own version of a pop up, but with a purpose: to serve women on their journey to becoming financially free.
Coming up, learn how about my co-founders' storied past growing up with not a lot of money, and how that impacted their relationship with money as adults. Patience and Kindra are marketing mavens, each with 15+ years experience building brands, starting movements, utilizing talent and galvanizing communities. Patience is also a founding Executive at Good Counsel, Mastry Inc., and The Bloomberg Players Technology Summit. Kindra is former owner of McLeod Residence, a members-only lounge and art gallery. They’ve each come a long way from humble beginnings. Kindra was raised in a one room log cabin. Patience, the eldest of six children, talks about how her parents declared bankruptcy when she was young. How did all that influence their money mindset and their desire to support other women along the way?
Again, check out stackshouse.com/tickets to reserve your spot. Use the code: SoMoneyStacksLA for 20% off your ticket!
And follow us on Instagram @StacksHouse
863: Ask Farnoosh: How Can I Stop Feeling Guilty When I Spend?So Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
This week's episode tackles questions related to earning more money and managing guilt around spending. Check out www.somoneypodcast.com for the transcript. You can always send me your money questions on Instagram @farnooshtorabi.
862: Chanel Reynolds, Author of What Matters MostSo Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
If your partner died today, would you have your shit together? Today’s guest is Chanel Reynolds. She’s the author of the brand new book What Matters Most: The Get Your Shit Together Guide to Wills, Money, Insurance and Life’s “What-Ifs.” After Chanel’s husband passed away unexpectedly, she realized she had no idea how to access any of their financial documents. She didn’t know how to pay her mortgage. She didn’t even have the password to his phone. And, as she was in the middle of the worst moment of her life, she couldn’t help but think that there must be other people out there who were just as unprepared as she was.
She started writing about her experiences on her website aptly called Get Your Shit Together. What followed was tons of website visitors, mentions in the medias, and hundreds of stories from people who, much like her, were unprepared for life’s most brutal moments.
Although she never expected to be in this position, Chanel has used a tragedy and has used it as a tool to help others be more prepared than she was.
Learn more about Chanel at www.GetYourShitTogether.com and www.GYST.com.
861: Chris Taylor, Senior Money Correspondent, Reuters MoneySo Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
We are in conversation today with one of the top financial journalists in the country. We have Chris Taylor on the show. He’s an award-winning journalist, senior money correspondent at Reuters Money and contributor to Fortune and cnbc.com. We’re talking about his money perspectives. This is his first podcast interview. I didn’t know this until we wrapped, pretty flattered, and the lessons he’s learned from interviewing some of the world’s biggest money minds. We talk about why Chris considers Jack Bogle, founder of Vanguard who recently passed away, to be one of the greatest financial role models of all time, as well as Chris’ dedication to writing handwritten thank you cards daily and the current state of financial journalism. Where’s the media world headed?
Follow Chris on Twitter @christaylor_nyc
860: Ask Farnoosh: How to financially support parents in their retirement?So Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
This week's question touch on ways to financially supporting parents in their retirement, how to set up a Roth IRA, deciding whether to take a lower paying job and factors that impact our credit scores. Special co-host is Morgen Rochard, founder of Origin Wealth Advisers, an independent, fee-only practice dedicated to helping young families and professionals align their finances with their life goals. She is also the founder of Money Owners, a financial and executive coaching practice, helping clients create their mindsets around money, career and building businesses. In both her businesses, Morgen encourages clients to live how they want to live, be who they want to be, and achieve what they want to achieve with their money. Morgen is also a CERTIFIED FINANCIAL PLANNER™ and a Chartered Financial Analyst.
859: Jonathan Walker, Executive Director of Elevate's Center for the New Middle ClassSo Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
One of the most financially fragile demographics in this country is women who have none prime credit scores. They are a part of the new middle class and these are women who experience challenges unlike many other parts of the population because they are often mothers, caretakers to elderly relatives, and the people in charge of their households. Their financial wellness matters to many people in their families and in their communities.
We’re tackling this important topic today and our guest is spearheading research to better understand and help these women and all members of the new middle class. Jonathan Walker is the Executive Director of Elevate's Center for the New Middle Class. There he conducts research to better understand the behaviors, the attitudes and challenges of America’s growing “new middle class”. We discuss what is the new middle class, what are the specific challenges that they have, and how is the new middle class forming and shaping our country’s economics.
Follow Elevate’s Center for the New Middle Class on Twitter @NewMidClass and learn more here.
858: Kara Perez, Founder of BravelySo Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
Our guest today discovered her love of money, courtesy of her quarter-life crisis. Kara Perez is the founder of Bravely, which she started in 2017. At that time, she was in the midst of what she calls a quarter-life crisis. She was broke, saddled with student loan debt, she had no career direction. She realized that what was holding her back was her lack of financial knowledge. She buckled down and paid over $25,000 worth of debt on a $30,000 salary.
Today, her online site Bravely shares hopeful financial steps. Kara also speaks across the country about personal finance. Kara and I discuss some of the steps that women and men and society need to take in order to achieve things like gender wage equality, financial literacy for all and how she herself managed to work her way to financial freedom.
Learn more about Kara Perez by visiting BravelyGo. Listen to her podcast and follow her on Instagram @ByKaraP.
857: Ask Farnoosh: All About That Roth IRASo Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
On International Women's Day, Farnoosh invites financial expert Megan Gorman to co-host. Topping the list of questions: how to save for retirement and the benefits of the almighty Roth IRA.
More about Megan: She spent her entire career working with high net worth individuals and families on their entire financial picture. An attorney by training, Megan’s passion about personal finance is all about the complex problem solving required to work with sophisticated clients especially in the areas of tax and estate planning.
To learn more about Megan, check out www.thewealthintersection.com and be sure to follow her on Twitter: @wealthintersect and Instagram @thewealthintersection.com.