819: Susie Carder: From Bootstrap to Big TimeSo Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
Our guest today knows a thing or two about how to defy the odds, triumph in life despite economic challenges and grow a multimillion-dollar business. Susie Carder began her career as a hairdresser. Before that, she was raised in a very small home as one of nine children. She recalls the days of paying her mortgage with her credit card. As you just heard, raising her daughters as a single mom when a life-threatening accident takes place.
She also admits to losing 90% of her wealth in the Great Recession, just 10 years ago and she has risen from the ashes. Today, she teaches others how to build wealth. Her new book is called From Bootstrap to Big Time, how to take your company from $250,000 to 10 million, and emphasizes that profit and planning are essential parts of a business's overall success.
Susie also talks about in her life at least, how her faith has played a role in her success. By the way, she runs a nine-figure business and has helped people from Steve Harvey, to Lisa Nichols multiply their wealth, and also has supported big brands from Dell to Paul Mitchell scale their businesses.
To learn more about Susie Carder, please visit www.SusieCarder.com, and follow her on Instagram @SusieCarder.
818: Ask Farnoosh: Managing Money in Your BusinessSo Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
Brittney Castro is a Certified Financial Planner and she’s here to help us answer your money questions - AND spend a good bit of time talking about the finances of running a business. Brittney is the founder of Financially Wise Women, as I mentioned, and it’s something that she really built from the ground up in her 20’s. I know that for a lot of us listening, it’s important to us - especially as we look at the new year -to reassess our careers, maybe make that transition to starting a business or growing our existing business, I thought this would be a good time of year to give you some tips. Brittney is a fellow Chase ambassador and she’s here on behalf of Chase Ink to share some insights into running that business successfully, and how to find the right mentors for growing your business. It’s important to find the right financial mentors and sponsors to help make the financial aspects of your business simpler. Also, how to manage the money in your business and in your personal life at the same time. This is a hot question, right? How do I create boundaries, how do I create systems, how do I not dip into my personal savings to fund my venture?
Of course, we also have your So Money questions, questions like how to afford supporting adult children? Yeah, it’s really hard to afford children like babies, childcare, it adds up and it’s really a lot for new parents but then, you know, the kids grow up and you find yourself still footing the bill even though they’re in their 20’s for things like school and graduate school. So we’re going to help a parent out on that end. Also, how to retool your savings after paying down student loans? So if you’re somebody who is near the end of paying off student loans and you’re looking forward to it because you’re going to have better cash flow, what do you do with that cash flow now? How do you kind of reinvest that money and also, leveraging social media to promote your brand and your business.
For more visit chase.com/ink.
817: Dr. Diana Burley, Cybersecurity Expert & ProfessorSo Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
We’re talking to one of the world’s most accomplished and active individuals in the world of cyber security: Dr. Diana Burley, named one of eight women to watch in IT security.
Dr. Burley is a full professor of Human and Organizational Learning at George Washington University. She’s an in -demand speaker and, prior to joining GW, Dr. Burley managed a multimillion dollar computer science education and research portfolio. She also led the Cyber Corps Program for the US National Science Foundation.
She has a terrific personal story of succeeding as a woman of color in a male-dominated field and how her family and professors helped to encourage and guide her. She and I also discussed all of the steps we can take to actively protect ourselves from the ongoing cyber threats. Well-known companies have had large breaches. And we are also targets as we shop furiously online this month. Hackers will be working nonstop to interfere. Dr. Burley has great advice on how we can stay safe.
To learn more about Dr. Diana Burley, follow her on twitter @DianaBurley.
816: Farnoosh Brock, Author of The Serving MindsetSo Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
What can I say? It kind of felt like I had my kindred spirit on the podcast, or my name twin at the very least. Farnoosh Brock, author of The Serving Mindset: Stop Selling and Grow Your Business, is on the show today sharing some deep insightful revelations about what it means to lead a fulfilling life as an entrepreneur.
Farnoosh left a career, a successful career in engineering to pursue a path in entrepreneurship. It wasn’t one that was met with a lot of support at the beginning, but she made it work. And how she made it work is truly, truly inspiring.
Farnoosh lives by the mantra: "Serving is your competitive advantage," and she believes that if entrepreneurs focus on serving, instead of selling, they can learn how to feel good about the whole selling process and even ask for more money from their clients and customers.
If you’re somebody who is looking at a start a business, or even a side hustle...and you want to be able to make the big bucks, Farnoosh has some really honest authentic advice.
Learn more about Farnoosh by visiting www.FarnooshBrock.com and www.ProlificLiving.com and follow her on Twitter @ProlificLiving.
815: Ask Farnoosh: Home renovations, Investing $5k, and Money Books for Husbands Who Makes LessSo Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
Lots of great, important questions on Ask Farnoosh today pulled from Instagram and Farnoosh's website. Listeners want to know about recommendations for books for men whose wives who make more. Another fan wants to know whether it's better for your credit score to pay off a credit card balance once a month or paying purchases off as you go. Also: Tips for affording home renovation costs, and a college student listener has saved $5,000 and wants to know the best way to invest. To send Farnoosh questions, visit her on Instagram @FarnooshTorabi or send her a question at SoMoneyPodcast.com and click on "Ask Farnoosh."
814: Andy Hill, Founder of Marriage, Kids and MoneySo Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
Today, we’re going to talk about something that doesn’t get mentioned much here: marriage counseling. Specifically, we’re going to talk about how pursuing financial independence actually put today’s guest and his wife in marriage counseling.
Today’s guest is Andy Hill. He’s the founder of the blog and the podcast, both called Marriage, Kids, and Money. I was just a guest on Andy’s podcast last month, so this is a treat to have him on my show today.
Now, to be clear, Andy is a big proponent of financial independence and retiring early. Over the past 8 years, Andy and his wife, Nicole, have paid off $48,000 worth of debt, paid off their home that’s worth $400,000, and they’ve increased their net worth from 0 to $750,000 in 8 years.
However, the journey to get to this point hasn’t been without its challenges. Because Andy’s blog and podcast focus on helping families become financially independent, he wants to cover all topics related to marriage and kids, including how beneficial marriage counseling has been to him and his wife...after reaching an impasse in their relationship.
I appreciate Andy coming on the show today to talk about the challenges when you’re paying off debt and growing your wealth but also how those challenges can make families stronger.
You can learn more about Andy by visiting MarriageKidsandMoney.com. You can also listen to the podcast by the same name and follow him on Twitter @AndyHillMKM.
813: Jen Roberts, Head of Chase Pay and Digital Products at JP Morgan ChaseSo Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
Have you started holiday shopping yet? Today’s episode has some advice for you, as you embark on the spending frenzy. As part of So Money’s yearlong partnership with Chase Slate and as a brand partner for Chase, we have the honor of welcoming Jen Roberts to the show today. She is the head of Chase Pay and Digital Products at JP Morgan Chase.
Jen has decades worth of experience in the credit card industry. She has advice for us on how to have #onelessthing to worry about, as we make our way through the holiday shopping season, make the most of our finances and reduce the financial stress that is natural this time of year.
For more information, head to Chase.com.
812: Ask Farnoosh: Investing 101, Side Hustles and MoreSo Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
How to make the most of your side hustle income? What are some great books on investing? If you applied for a job and didn't get it...should you try again? Farnoosh answers your top money and career questions. To send her your questions be sure to visit www.somoneypodcast.com and click on "Ask Farnoosh." You can also send her a message on Instagram @FarnooshTorabi
811: Amy Nelson, Founder of The RiveterSo Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
Like many moms, our guest today - Amy Nelson - did not want to quit her profession. But felt there were many forces at play keeping otherwise career-ambitious women at home after having children. One of those headwinds was the workplace, itself.
Upon announcing she was pregnant with her first child, Amy, who was an attorney at the time, noticed she wasn’t getting as many interesting cases. Her workload diminished...and unfairly. She thought she was on track to become a partner, but wondered if that would ever happen given the corporate culture towards mothers.
Today, Amy is the founder and CEO of The Riveter, a female focused co-working space in Seattle. The company is growing fast. It has secured over $4 million in funding to expand to more locations. Amy has become quite the thought leader around all-things related to women, work, motherhood and feminism. I am a big fan and excited to share her work and ideas with all of you.
You can learn more about Amy’s business at TheRiveter.co and follow them on Twitter @TheRiveterCo.
810: Tim Chen, Co-founder and CEO of NerdwalletSo Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
Today, we’re in conversation with Tim Chen, the founder and CEO of NerdWallet.com, who started the personal finance website out of a personal experience and need. Tim got laid off in the 2008 recession from a job on Wall Street. In that time frame, his sister came to him for some quick financial advice. She wanted to find the best credit card. His parents, around the same time, were seeking his advice for buying a mutual fund. His online search to answer these questions proved unfruitful and frustrating. And it was then that Tim got inspired to create a well-designed, and unbiased destination for financial advice and products.
Tim started Nerdwallet with $800. Today it worth hundreds of millions of dollars and has over 300 employees. What is next for the company, for the world of personal finance products and services and what are some of Tim’s own rules when it comes to managing his own money.
To learn more about Tim’s company, please visit NerdWallet.com and follow them on Twitter @NerdWallet & Instagram @NerdWallet.
809: Ask Farnoosh: My husband left me. How can I protect my finances?So Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
Co-host Barbara Sloan and Farnoosh address your big money questions, including managing your finances after a divorce, the ins and outs of a reverse mortgage and ways to become a certified financial planner,
More about Barbara Sloan: She is the operations manager for Manhattan Renovations, bringing with her a wealth of financial and logistical experience. Prior to Manhattan Renovations Barbara gained the majority of her ten years of experience in the field of contracting with a concentration in finance but also diversified with time on Wall Street, in real estate and property management.
To send in your questions for Farnoosh please visit www.somoneypodcast.com and click on "Ask Farnoosh."
808: Dan Schawbel, Author of Back to HumanSo Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
Today we’re welcoming back Dan Schawbel to the show. Some longtime listeners might remember Dan from way back in Episode 24. Dan is a friend of mine and a New York Times bestselling author of two career books. He’s also a Partner and Research Director at Future Workplace and the Founder of both Millennial Branding and WorkplaceTrends.com.
His third book, Back to Human: How Great Leaders Create Connection in the Age of Isolation, will be published on November 13th, 2018. In it, Dan shares the result of years of research to show why virtual communication actually makes people feel more isolated at work than ever before. And, he’ll give us some advice on what we can do about it.
To learn more about Dan, please visit www.DanSchawbel.com. Follow him on Instagram @DanSchawbel and on Twitter @DanSchawbel.
807: David Neagle: Founder, Life Is Now, Inc,So Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy 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 - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy 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.
805: Joanne Lipman, Author of That's What She SaidSo Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy add
“I was a 22-year-old Wall Street Journal reporter. One of my first stories, I went to go interview a businessman. He locked the door of his office and took of his clothes and stripped to his underwear.”
I promise, this episode does have something to do with money, a lot in fact. My guest today is Joanne Lipman, author of That's What She Said: What Men Need to Know (And Women Need to Tell Them) About Working Together.
Joanne began her career as a Wall Street Journal intern and spent 20 years working there as a journalist. She's also a former editor-in-chief of USA Today. Her book is about workplace equality. For the first time, it is a book that encourages men to become an integral part of the conversation, instead of ostracizing them, or blaming them for the problems that we have today.
We'll talk about the genesis for this book (It happened on an airplane.)Easy low-hanging fruit solutions how we can improve gender equality in the workplace.Being raised by depression-era parents and hustling it in her early 20s as a journalist in New York City.More about Joanne: She is one of the nation’s leading journalists. She most recently was Chief Content Officer of Gannett and Editor-in-Chief of USA TODAY and the USA TODAY NETWORK, comprising the flagship publication plus 109 local newspapers including the Detroit Free Press, the Des Moines Register, and the Arizona Republic. In that role, she oversaw more than 3,000 journalists and led the organization to three Pulitzer prizes.
804: Sol Orwell, Co-Founder of Examine.comSo Money with Farnoosh Torabi - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy 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 - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy 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 - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy 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 - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy 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 - Stories of Personal Finance, Entrepreneurship, Financial Success, and Money Strategy 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.