807: David Neagle: Founder, Life Is Now, Inc,So Money with Farnoosh Torabi add
Making more is a matter of the mind, our next guest says. David Neagle is the founder of the multimillion-dollar global coaching company Life Is Now, Inc,. Through his work, David helps thousands of entrepreneurs gain confidence and improve their money mindset to reach radical financial success.
David is a high school drop-out who had a near-death experience early on in life...It was a wake-up call like none other that felt like a second chance at his own life and the opportunity to help others reach their greatest potential.
To learn more about David Neagle, please visit www.DavidNeagle.com, and follow him on Twitter @DavidNeagle.
806: Ask Farnoosh: I'm moving to NYC. How much should I save?So Money with Farnoosh Torabi add
Pareasa Stewart, a So Money devotee, joins Farnoosh to discuss ways to save up for a big move to New York, how people can play catch up in their retirement savings and Roth IRAs versus 401(k)s.
More about Pareasa: She's been a huge fan of the show since its early days. She is a Millennial and lives in Houston, Texas. She works in the mortgage industry and loves public speaking, real estate and her mom. Pareasa's mom is Persian (like me!) and together, the enjoy listening to So Money and reading When She Makes More, my latest book.
804: Sol Orwell, Co-Founder of Examine.comSo Money with Farnoosh Torabi add
Our guest today is Sol Orwell and he’s an entrepreneur, world-traveler and philanthropist. Born Ahmed Farooq he decided to name himself after George Orwell...We discuss the roots of his unique philosophies on life, relationships, business...as well as his personal identity. Also, the early lessons that have led him to financial success. Sol is an immigrant. He moved with his family from Saudi Arabia to the West as a kid. He retired in his mid-20’s, after achieving mega success with his website Examine.com, a destination for learning about nutrition.
To learn more about Sol’s thoughts on entrepreneurship, visit SJO.com.
803: Ask Farnoosh: Should I use an investing app like Stash?So Money with Farnoosh Torabi add
Farnoosh and co-host Eric Roberge, a frequent So Money guest, Certified Financial Planner and founder of Beyond the Hammock, discuss your financial questions.
This week you want to know:
What are some smart ways to raise capital for a start-up?Are the fees for using an investing app too high?Where to park savings for a future home?Can having multiple credit cards hurt your credit score?Remember, you can always leave me your questions by clicking on Ask Farnoosh in the corner, or DM me on Instagram.
802: Leah Gervais, Urban20Something.com FounderSo Money with Farnoosh Torabi add
How to know when your side-hustle deserves your fullest attention? And it’s time to give your day job your 2-weeks notice?
Our guest today, Leah Gervais, first came on the podcast last year, episode 602. She joined me for an Ask Farnoosh jam session and, at the time, she was a working professional in New York, and also blogging at her site Urban20Something.com for a creative outlet.
Today, she’s fully self-employed, has said buy-bye to her 9 to 5 and dedicating all her focus to her website.
When did she know she was ready?
How is she monetizing her platform?
What advice does she have for you, if you’re considering a side gig or in the midst of one...and wanting to make more of it.
Please visit Leah’s website at Urban20Something.com and follow her on instagram @Urban20Something.
Leah would like to share with us her free case study that describes how she went on to make thousands of dollars in her side hustle. It also comes with an interactive element so you can apply the differences to your business. It's at Urban20Something.com/income-boost.
801: Sarah Jenks, Founder of Live More Weigh Less™So Money with Farnoosh Torabi add
If you’ve ever struggled with your weight … you may have thought to yourself, "My life would be better if I was just thinner." Or, "Life is just 20 lbs away."
Today, I’m interviewing Sarah Jenks, She is an entrepreneur, Nutrition and Life coach, and the founder of Whole Woman, a monthly online membership for women seeking the answers to “Who am I?” and “Why am I here?” She’s also the creator behind Live More Weigh Less™, the most popular online emotional eating program.
After struggling with her own body issues her entire life, she decided to create a program to help other women overcome those same challenges. Sarah’s community is made up of over 100,000 women.The similar triggers for overeating and overspending.Sarah lives on a 23 acre farm. How the decision to move here after living an urban life was a bit of fate.The triumphs and challenges of being the female breadwinner in her marriage.To learn more about Sarah Jenks, please visit www.SarahJenks.com. Her newest program is available now: WholeWoman.me. She’s also on Instagram @SarahJenks and Twitter @SarahEJenks.
800: Ask Farnoosh: Best Ways to Invest?So Money with Farnoosh Torabi add
This week on Ask Farnoosh, Farnoosh and special co-host Leyla Shams, an avid So Money listener, dive into your money questions including: "What are the best way to invest?" "Should I cancel my credit card?" and "Is it worth it to pay down my student loans if I'm starting a business at the same time?"
After earning her professional degree in architecture, co-host Leyla Shams spent several years traveling the well-worn path to becoming a licensed architect. But after being laid off during the 2007 recession, Leyla started exploring other options: instead of immediately looking for her next job, she began a number of independent ventures, most notably a language-learning podcast called "Learn Persian with Chai and Conversation". After the birth of her son in 2016, she left architecture completely, and has now made a career of her "side hustles." She encourages others to do the same.
799: Dr. Daniel Crosby: Author, The Behavioral InvestorSo Money with Farnoosh Torabi add
When it comes to investing, you’ve probably heard the phrase, ‘Buy what you know.’ Do you believe it? I’m asking because today’s guest believes that is “profoundly dumb advice.”
II think that’s sort of good advice..."Buy what you know!" " Don’t get into something you know nothing about!" (ehem bitcoin). But today’s guest, Dr. Daniel Crosby, a New York Times bestselling author, psychologist, behavioral finance expert and asset manager, thinks that is not sound advice.
Daniel was last on the my show, you might remember on Episode 453 about two years ago. He’s back with a new book called the Behavioral Investor and in it, he examines the sociological, neurological and psychological factors that influence our investment choices. He believes that we should first understand human nature and our own tendencies before making investment decisions.
A little bit more about Daniel: He’s a sought after expert, frequent speaker and he was named one of Investment News’ 40 Under 40 and also, a "Financial Blogger You Should Be Reading," by AARP.
In this interview we’ll learn:
Daniel’s philosophies around how to invest wellHow to curb our emotions andHow greedy are we this month? Daniel publishes an Irrationality Index, a measure of how much greed and fear is in the marketplace month to month. Learn more about Daniel Crosby at NocturneCapital.com and follow him on Twitter @DanielCrosby.
798: Adeola Omole, 7 Steps to Get Out of Debt and Build WealthSo Money with Farnoosh Torabi add
What if you had $70,000 worth of consumer debt and losing your job amidst all of that financial stress?
Today, I’m interviewing Adeola Omole on the show. She describes herself as a lawyer by trade and a money coach by choice. Her journey of achieving debt ZERO and building a community for women and money is the focus of our conversation today.
Raised by immigrants in a family of six children, Adeola watched her parents work hard but also pinch pennies. Seeing her parents’ financial struggles growing up, Adeola thought debt was a normal part of life. This led her to make her own money mistakes. By the time she was a young adult finishing her clerkship just out of law school, she had amassed $70,000 worth of consumer debt.
Fast-forward to today, Adeola and her husband are debt-free and building great wealth. They’ve even managed to pay off their mortgage. Adeola also has a new book: 7 Steps to Get Out of Debt and Build Wealth.
You can learn more about Adeola on her website adeolaomole.com, on Instagram at @adeolaomoleb, and on Twitter @AdeolaOmoleB. Her book is called 7 Steps to Get Out of Debt and Build Wealth. And for her free 10-Point Checklist for Buying Stocks visit adeolaomole.com (scroll to the bottom to find it!)
797: Ask Farnoosh: When should I tell my employer that I'm expecting?So Money with Farnoosh Torabi add
Farnoosh is joined by So Money listener Reuben Subramaniam, founder of K2 Collaborators
Questions on today's episode include:
Advice for saving money on a very low salary in a currency *other* than dollars?When is the appropriate time to tell my employer that I'm expecting? Is it OK to open up a credit card just for the immediate rewards?
796: Tracy Matthews, Founder of Flourish & Thrive AcademySo Money with Farnoosh Torabi add
Today’s guest is going to share how to recover - and thrive - after losing everything.
At one point, Tracy Matthews had a successful handmade jewelry business, earning over $1 million in annual revenue. You could find her jewelry in over 350 stores internationally and worn by celebrities like Halle Berry, Orlando Bloom, and Kate Hudson. But, Tracy grew the business fast and made mistakes. In 2009, she made the difficult decision to declare bankruptcy and close shop.
The story has a happy ending. Tracy once again has a thriving custom jewelry business. She’s learned from all her failures and now teaches other aspiring jewelry designers how to grow successful businesses through her Flourish & Thrive Academy.
On the show: How did she pick up the pieces after her bankruptcy? And how *does* a jewelry designer grow a business in today’s market?
To learn more about Tracy Matthews, visit FlourishThriveAcademy.com, and follow the academy on Instagram @Flourish_Thrive.
795: Dr. Bonnie Koo, Physician and Founder MissBonnieMDSo Money with Farnoosh Torabi add
How does a six-figure income turn into six-figures of debt?
Our guest Bonnie Koo was making six-figures by age 23 working on Wall Street. A career pivot into medicine quickly changed all of that when she attended medical school and took on $200,000 in student loans. She also racked up about $20,000 in credit card debt.
Bonnie, now a dermatologist, is on the other side of that money story. She’s since taken control of her financial life, she’s paid down the debt and has launched a site helping other professional women and doctors master their money.
Bonnie blogs at MissBonnieMD.com. She also co-hosts a podcast called Friends Talk Finance.
She shares the exact moment she decided to get serious about money. The book that helped her turn her financial life around...and a unique way to think about retirement planning that won’t make your head hurt.
To learn more about Dr. Bonnie Koo, please visit www.MissBonnieMD.com and follow her on Instagram @MissBonnieMD.
794: Ask Farnoosh: I have extra income. What should I do with it?So Money with Farnoosh Torabi add
This week on Ask Farnoosh ....Weighing the costs of graduate school, finding money for a start-up, optimizing extra income, and financial advice for physicians. So Money listener Lydia Benham joins the show to help Farnoosh answer your money questions. Lydia is an entrepreneur in the fintech/blockchain sector who's been investing since she was 25!
793: Jenn Edden: Sugar Addiction ExpertSo Money with Farnoosh Torabi add
Our guest today is in the midst of selling her belongings and packing her family of five into an RV, spending the next year traveling the country.
Today’s guest is Jenn Edden. She’s a sugar addiction expert, author and empowerment coach who helps female entrepreneurs learn how to increase their energy through proper nutrition. She is the author of Woman Unleashed: the highly sensitive woman's guide to radiant energy, unstoppable confidence and a 21 day plan to kick sugar's hold on you!
Lately, she’s become more interested in helping families and children overcome their sugar addictions and that is what sparked the big move.
Over the next year, Jenn, her husband and three children will be going from state to state to visit schools and universities to educate kids and young adults about healthy eating.
Jenn arrives at this major transition knowing a thing or two about being brave. She is a former medical school drop out and a survivor of a near-death home explosion. She’s got her handle on her health AND her finances. Hear how she and her husband did the math to figure out if they really could just afford to travel the country for a year with their kids.
To learn more about Jenn, follow her on twitter @JennEdden and visit her website, www.jecoaching.com. Her book Woman Unleashed is available on Amazon.
792: Suze Orman, Author of Women & MoneySo Money with Farnoosh Torabi add
Suze Orman is here!
This interview is probably one of my favorites for a lot of reasons. It was fascinating to hear Suze's views on women and money today and learn if they've changed over time. You may have thought Suze was enjoying retirement. Well, she's left...at least, temporarily, inspired since the #MeToo movement to relaunch a new and improved edition of her best-selling book, Women & Money.
This is going to be a little bit of a different format than typical episodes on the podcast. You will hear from me, as well as Adam Auriemma, the editor-in-chief of Money Magazine, who invited us to join a panel with him to share our thoughts around women and money. For the full video ov, head over to money.com.
Check out more of Suze's work at www.suzeorman.com. Her updated book Women & Money is available here.
791: Ask Farnoosh: Financial Planning for a Special-Needs ChildSo Money with Farnoosh Torabi add
Farnoosh, what are your thoughts on 0% financing offers for new cars? Is hiring a financial advisor a waste of money? How best to plan for a child with special needs?
Joe Saul-Sehy, host of Stacking Benjamins co-hosts. Joe is taking his show on the road and is in the midst of a 3-city tour. He'll be in Kansas City on October 9. Get the full tour schedule here: www.stackingbenjamins.com/tour
790: Karen Bergreen: Stand-Up ComicSo Money with Farnoosh Torabi add
If you’ve been following me on Instagram or get my newsletter, you might know that I recently took stand up comedy classes here in NYC at Manhattan Comedy School. It’s something I’ve always wanted to do. It scared the heck out of me...so naturally, I had to try it. My next performance is TONIGHT at Gotham Comedy Club at 7pm, actually. And so I thought who better to have on So Money today than my comedy school teacher, comic Karen Bergreen.
Over the past decade, Karen has been keeping audiences laughing all across the country. She’s been on Comedy Central, the Oxygen Network, VH1, The View, and LIVE at Gotham.
She’s also an author of two fiction books, Perfect is Overrated and Following Polly: A Novel. She and I talk about the highs and lows of being a female stand up comic, growing up in New York City when people *didn’t* want to be labeled as “rich.”..and Karen’s transition to comedy...She graduated from Harvard, and went on to law school. How and why she pivoted is where we begin the conversation...
To learn more about Karen, visit KarenBergreen.com or find her on Twitter @KarenBergreen.
789: Angela Duckworth, Author of GritSo Money with Farnoosh Torabi add
Would you consider yourself gritty?
Grit is being able to pursue long term goals, even if that pursuits take years. Grit is when you view your life like a marathon, not a sprint. Grit is when you don’t consider a failure an end point. And, today’s podcast guest is the world’s foremost expert on grit, and she’s here to tell us how we can get more of it and why it’s so important.
Today, I’m welcoming Angela Duckworth to the show. She is the New York Times best selling author of the book Grit: The Power of Passion and Perseverance...now in paperback. She’s a psychology professor at the University of Pennsylvania, where she earned her PhD, and she’s the Founder and CEO of Character Lab, a non-profit that helps use psychological science to help kids thrive.
Angela and I discuss how grit can be learned, her financial perspectives formed as the daughter of immigrant Chinese parents, Eastern versus Western parenting values...and we explore the plot of the hit book and movie Crazy Rich Asians.
You can learn more about Angela by visiting her website, www.angeladuckworth.com and www.characterlab.org and follow her on Twitter @angeladuckw.
788: Ask Farnoosh: What should I do with my money and career BEFORE having kids?So Money with Farnoosh Torabi add
Special co-host Jamila Souffrant, founder of Journey to Launch, is back on the show, this time co-hosting and helping answer a wide range of questions from So Money listeners.
Today's questions: Is it better to make an additional principal payment on a mortgage each month or invest in an index fund? What to do when you're in your 60s with no savings or retirement? What can a professional woman in her late 20's - who wants children one day - do to prepare best for the time and money constraints of parenthood?
To learn more about Jamila, visit JourneytoLaunch.com. You can also follow her on Instagram.