So Money with Farnoosh Torabi

My So Money Millennial today wasn’t a top student or star athlete, but Kristina Ellis, 28, managed to earn half a million dollars in college scholarships by the time she graduated high school in 2005.  . The most recent graduating class finished college with an average $35,000 in student loans – the highest on record.  And of course we’ve heard of students saddled with six figures in student loans...

When you think of retiring early…you might think 55..50…Mr. Money Mustache retired when he was 30 – which WAS the youngest age I’d heard of retiring at…until I got an email from my guest today Travis Hornsby. He is 25 years old and claims that he is retired! My first reaction was – WHAT? And then I laughed…and then I thought I really need to talk to him. A little more about Travis: Up until this y...

In this episode of Ask Farnoosh on So Money podcast, I answer your questions about how to go about firing your financial advisor, online resources to check your resume, the best ways to calculate how much you're saving, and more.  For more information visit www.somoneypodcast.com. Learn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open! Hosted on A...

In this episode of Ask Farnoosh I answer your biggest questions about renegotiating a job offer, the best financial resources for a So Money fan that's looking for intermediate level literature, what other types of savings accounts you can use if you're planning to retire before 55, how to save for a downpayment on a house, how to grow a business while facing some debt, playing catchup with retire...

Rebecca Jarvis is the ABC news chief business and economics correspondent and creator, host and managing editor of “Real Biz with Rebecca Jarvis.” She reports for all ABC news programs and platforms… and conducted wide ranging interviews with the biggest names in business, including General Motors’ CEO Mary Barra, mega investor Warren Buffett, Facebook’s COO Sheryl Sandberg and Twitter founder Jac...

So Money singletons, this episode’s for you.  If you’re looking for love and you like technology…our guest today is marrying the two with his new dating app called Hinge. You might have heard of it. I have to be honest, I’m really behind the times when it comes to matchmaking apps. When I was dating years ago, there was Match.com and it was still a little weird to say you met your boyfriend or wif...

Today I’m sharing a real rags to riches story. Several years ago my guest J. Massey encountered a series of life-altering events – his pregnant wife had a serious illness, he was in an accident that left him with a punctured lung that prevented him from being able to work, and their family home was foreclosed upon. J. quickly realized that he needed to make changes to be able to survive. So he imm...

Kids grow fast, which means a whole new set of clothes every few months, which means constantly having to spend money on items your kids will use and then outgrow before you can blink an eye. So how can you keep your kids clothed without throwing money out the window? Thankfully, my guest today, Shannon Wilburn, has an answer: consignment sales. It started in 1997, when Shannon and her friend, bot...

In my Ask Farnoosh episodes I received a number of questions from  you about financial advisors. How do I know I’m ready to work with one? How much do they cost? Is it worth it? I also receive a number of questions about the growing market of “robo advisers” or online advisors that offer more affordable financial planning. You don’t get to meet with an advisor one-on-one but you receive a virtual...

In today's episode of Ask Farnoosh, I answers your biggest questions about breaking down credit scores, prioritizing your expenses, helping family members with finances and saving to buy a house. Learn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open! Hosted on Acast. See acast.com/privacy for more information.

In today's episode of Ask Farnoosh, I answer your biggest questions about quitting your job, AmEx returns, starting investing, budgeting for young couples, my favorite guest financial habits and diversifying your investments. Learn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open! Hosted on Acast. See acast.com/privacy for more information.

I have a guilty pleasure. And that guilty pleasure is an entire channel… known as Bravo.  From the Real Housewives of Beverly Hilss to Watch What Happens Live with Andy Cohen. And today, we have one of my favorite Bravolebrities: Millionaire Matchmaker Patti Stanger. She is the star and executive producer of the network’s hit series “The Millionaire Matchmaker” currently in its eighth season. If y...

Imagine earning six figures…but being broke. Earning over $100,000…but facing the same amount in credit card debt. This is where the story of Brian Brandow begins. When trying to book a family vacation back in 2010, Brian says he hit a wall. All of his five credit cards were maxed out and he had no available cash. At the time he was making a great salary of $120,000 as an IT manager – more than en...

A few weeks ago, my friend Kathy Braddock, the managing director of real estate company William Raveis, joined me for an interview. She had some great advice and insights on real estate and growing a successful business. Today, I am continuing that conversation with the founder of William Raveis, Mr. Bill Raveis himself. Bill founded William Raveis in one room over a grocery story in Fairfield, CT...

Today’s guest proves that some people can transform a quirky hobby into a profitable business. Joe Brewer reached out to me with his story a few weeks ago.  His quirky hobby is arcade and pinball repairs and restoration. Salvaging an old, abadoned Ms. Pac Man arcade machine turned into a hobby of restoring vintage arcade and pinball machines which were found through Craigslist, online forums, or s...

Today I have the great honor of welcoming on the show my friend and design guru Nate Berkus. I've wanted to interview him since launching, but he’s had quite a busy year including celebrating the 20th anniversary of his design firm, and even more excitingly, becoming a father. He and husband Jeremiah are now the proud dads to Poppy Brent Berkus. Some background on Nate: In 2002 Nate was invited to...

In today's episode of Ask Farnoosh, I answer your biggest questions about selling collectibles, pre-tax and post-tax money decisions, finding side-hustles, multiple savings accounts and what to do with inheritance. Learn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open! Hosted on Acast. See acast.com/privacy for more information.

In today's episode of Ask Farnoosh, I answer your biggest questions about paying off medical bills, starting a 529 plan, building your online brand and buying vs. leasing a car. Learn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open! Hosted on Acast. See acast.com/privacy for more information.

We are rounding out our series today with a Penn State grad, a fellow Penn State grad. I didn't know he was a Penn State grad until after we booked him, but very excited to introduce all of you to Jeff Johnson. He is a millionaire next-door at the ripe age of 37. He and his wife, Amanda follow disciplined, pragmatic and balanced financial behaviors, and they've acquired a net worth of more than a...

Welcome to the fourth episode of Millionaires Next Door! Today I’m chatting with Julie Rains, a freelance writer specializing in investing and mortgages from North Carolina! She has a finance degree from UNC Chapel Hill and has had experience working in financial analysis and accounting for Fortune 500 corporations, as well as personal experience in stock investing and paying off a mortgage. She s...

Welcome back to So Money. I'm your host Farnoosh Torabi. Thanks for joining me. Doing something special this week. If you've been listening since Monday, you know it is millionaire's next door week. Dedicating the week to people across the country, in some cases across the globe, who are millionaires and you wouldn't really know it. They're frugal, they save their money wisely, they don't buy mate...

Today is the second installment of the “Millionaires Next Door Series,” with another great guest Luann Abrams from Bend, OR. Two years ago she and her husband hit the $1mil mark, and are almost 2/3 of the way to the second million already! She is a former aerospace engineer, and is now a stay at home mom (but has a few side-hustles). And now that the couple has made it this far, her husband will b...

We’re kicking off ‘Millionaire Next Door Week’ on So Money today.  We’ve been revving up for this spectacular week for some time, I’ve been enlisting your help to either nominate yourself or people you know and excited to say that we received many more entries than we could record for this first week…But perhaps we’ll do a second week later in the fall. So many nuggets of wisdom to share… Our firs...

In today's episode of Ask Farnoosh I answer your biggest questions about rewards credit cards, paying off loans, saving for retirement, financial issues with your partner and credit scores. Learn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open! Hosted on Acast. See acast.com/privacy for more information.

In today's episode of Ask Farnoosh I answer your biggest financial questions about creating money boundaries with family, rebuilding credit, real estate, crowdfunding, how to invest your inheritance, 401(k)s, pre-nups and compound interest. Learn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open! Hosted on Acast. See acast.com/privacy for more info...