So Money With Farnoosh Torabi

Is it the year for you to earn MORE? It's no secret I'm a huge fan of making as much money as you can and want…and leverage a side-hustle to boost income. Today's guest, Jeff Tennery, is the founder of Moonlighting. It’s the first nationwide mobile marketplace where anyone can hire or be hired in any community in the country. Jeff is a recognized expert on the gig economy and has been featured on news outlets nationwide on the topic including CNBC, The Wall Street Journal, Huffington Post and many others. Before founding the company, Jeff spent over 25 years in senior executive leadership roles at Verizon, AT&T Wireless, nTelos and Millennial Media. He’s also got a great, big family – 5 kids!For more information visit www.somoneypodcast.com.

Many of you write in to Ask Farnoosh and ask questions about how to set your children up for their financial futures or how to best teach them about money. I'm right there with you. Evan is almost 3 and I have him hand the cashier the cash when we check out at the grocery store. Maybe he's understanding that in order to go home with stuff we need to give something in exchange and that money is currency. Time will tell.Beth Kobliner is a leading personal finance authority whose first book, Get a Financial Life: Personal Finance in Your Twenties and Thirties, became a New York Times bestseller. For years and STILL it was THE money book you gave to all your friends, kids, grandkids graduating from college. Years later, Bethis out with a new book Make Your Kid a Money Genius (Even If You're Not).  In it, she shares practical advice for teaching toddlers to young adults how to be smart with money.Some more about Beth... . In 2010, she was elected by Obama to be a member of the President's Advisory Council on Finan

How can you lower your interest rate on your mortgage? What's my favorite app for teaching college kids how to be responsible with their money? Should you take a career risk and join a company as their first employee? Answering these questions and more on this week's Ask Farnoosh.For more information visit www.somoneypodcast.com.

How much is your self-worth tied to your net worth? Do you even know what your net worth it? Our guest today is on a mission to help people, especially women, increase BOTH their self and net worths. My friend Amanda Steinberg, genius founder of the personal finance website DailyWorth and the investment platform WorthFM has a new book called WORTH IT: Your Life, Your Money, Your Terms. What are the some of the silly stories we tell ourselves and society tells women around money? How was Amanda's unruly upbringing a big inspiration for the book's message? And also, what happened when Amanda got seated next to Oprah Winfrey at an event last year? By the way, Amanda was on So Money Episode 40. Tune into that to learn about her financial upbringing, money failures, financial wins and so much more.For more information visit www.somoneypodcast.com.

As the saying goes: "Dress for the job you want, not the one you have.”But, ok. What if you can’t exactly wear Prada to work each day? And the affordable options just don’t fit right or are made of lousy materials?That’s where today's guests enter. Dorie Smith and Emelyn Northway are the co-founders of Of Mercer, career wear for the modern professional woman.They met one fateful day while both attending business school at the University of Pennsylvania. They spotted each other across a crowded room because – guess what? They were wearing identical outfits.They initially launched the brand back in 2013 as an ecommerce site. The company has received praise from top media outlets including The New York Times, Forbes and Inc. Magazine. Last year they finally opened their first brick and mortar store in New York City.So how do two business students – with no experience in fashion – get the know-how and raise enough money to start a successful fashion line? And how to know when pairing up with a business partner ma

Should I move from NYC to Australia and will I be able to find a job there? Should I roll over my 401k from my old employer into my new 401k or a Roth IRA? I answer this and more on this week's Ask Farnoosh.For more information visit www.somoneypodcast.com.

Raise your hand if you went through a quarter life crisis? I sure did. It was more like a quarter life hyperventilation/nervous breakdown. I was in a movie theatre with my brother watching the movie BIG FISH, that Tim Burton movie with Ewan Mcgregor and Albert Finney (aka Daddy Warbucks!) TEARS streaming down my face during this film. It wasn’t because it was a particularly sad movie. I just couldn’t get my mind off of work and the stress and the lack of sleep and how my boss was a total monster and on and on and on. I was also $30,000 in debt. I could have really used today’s guest for help back then. Success coach and entrepreneur Emily Williams works with female entrepreneurs all over the world and helps them overcome the financial, emotional and all other obstacles standing in front of their way.  At one point Emily, herself, had $30K in credit card debt and $90K in student loan debt. She had a meltdown in her 20’s and we’ll talk about how she managed to turn things around. When she finally got the idea t

I'm a big believer in never underestimating a child's ability to learn about money at an early age.  Researchers at Cambridge University discovered that kids can learn and take on good money habits by the age of 7. Meantime, a new study by Acorns, the micro-investing app, found that nearly two out of every five millennials say they feel anxious when thinking about daily expenses, especially debt. And more than half surveyed felt their formal schooling left them ill-prepared for success. Today's guest is working to give young adults a better chance at managing their money well. Ted Gonder is the co-founding CEO of Moneythink, a national technology non-profit that helps young adults - particularly first-generation college students - build financial health through mentorship programs and mobile apps.It first launched in 2009 and since then has trained over 1,500 college leaders to serve as financial mentors and role models to over 12,000 teens across 17 states. In 2015, Ted was recognized for his work by being n

Will a credit consolidation loan affect your credit score? Should you try investing in index funds if you're already investing in mutual funds?  Or should you build up an emergency fund or pay down student loans? I answer these questions and more on this week's Ask Farnoosh.For more information visit www.somoneypodcast.com. 

I'm the worst self-employer. I'm only giving myself like 4 weeks of maternity leave. And the only way I'm affording this is working my butt off in the months before and the months after. But honestly, I am also extremely lucky. I get to decide what works for me, as an entrepreneur. I can afford to hire the support I need to help my family and to help my business. I'm very fortunate, too, in that I have a husband who values his family and prioritizes it over his work. His company provides four weeks of paid maternity leave, too, for dads. Not bad.The issue of opting out and "family leave" is a topic I am deeply interested in and when I heard that our next guest had a book coming out on this issue, I jumped at the chance to invite her on the show.  LisenStromberg is here and she's the author of the new book Work Pause Thrive: How to Pause for Parenthood Without Killing Your Career. Lisen took time off after having her second child but then pivoted to another career shortly thereafter. In her research, she inter

How involved are you within your company? Do you like the culture there? Do you connect with your coworkers or do you feel like you're just going in every day, sitting down at your desk and getting straight to work? I ask because our guest today is Erica Keswin and she's all about understanding the dynamics and relationships of people and technology in the workplace.This past fall she founded The Spaghetti Project in her living room with a group of fifty people. She got the idea to start the company after reading a 2015 Cornell Study that found that eating meals together improved firemen's performance. Intrigued by this idea she wondered how it was possible to get people to connect more with friends and colleagues in the workplace. So she started her research company to identify how smart companies are making this connection.But I think what really makes this interview worth listening to is the story of Erica's past... as a child, money was tight. Her mom, especially had a hard time, getting stopped at a stor

In this week's episode of Ask Farnoosh I answer your biggest questions about what your other retirement account options are if your employer's have high fees, where to park the money you're saving for a downpayment in the meantime and more.For more information visit www.somoneypodcast.com.

I'm so excited to bring back our guest today. She's talking about a new era of feminism. That's been a big topic of conversation since the Women's March a few weeks ago. And we have to keep the momentum going. Sallie Krawcheck is back and she's out with a new book, Own It: The Power of Women At Work. It's her first book and in it she discusses the ways in which women can effect change, especially in business. She brings advice stemming from her life as an entrepreneur, as well as the former CEO of Smith Barney and Merrill Lynch Wealth Management, and the CFO of Citigroup.Sallie's been on So Money before... go back and listen to EP 349 if you missed it. It was right before Ellevest, her investment platform had launched, so we'll talk a bit more about how the company's doing, as well as the biggest financial mistake women are making.  For more information visit www.somoneypodcast.com.

I received a book shortly after the election results that put a big smile on my face...I really needed it. The book is In the Company of Women. You have to read this and it's a great gift. The author GraceBonney profiles 100 female entrepreneurs of all ages, races, backgrounds and industries to share their practical and inspirational advice. It's a gorgeous book with outstanding photography, a book that you'll want to proudly display in your home.  Grace is a small business owner, herself. She's the founder of Design*Sponge, a daily website for the creative community that she launched back when she was only 23 years old. Today, it reaches nearly 2 million people per day and has been dubbed "Martha Stewart Living for millennials."For more information visit www.somoneypodcast.com.

In this week's episode of Ask Farnoosh I answer your biggest questions about how to find stocks on sale, what to do with the extra income you're earning from a freelance job and more.For more information visit www.somoneypodcast.com.

Rachel Blumenthal is the founder of Rockets of Awesome, which is this really smart company that I’ve actually engaged with. How it works is if you’re a parent or someone who wants to gift clothing to children, you can go on the website, sign up for a membership. They ask you a series of questions about your child; age, measurements, but also the taste of your kid. What kind of a kid do you have? Is he or she active? They gather all that information, all that intel and send you a personal box to your door with about 12 items for your child. It’s really functional, really affordable, and the clothing is very unique. I have to say, as someone who’s now been buying clothes for little people for the past two, three years. It gets very redundant. When you go on the playground, a lot of the kids are wearing the same things. It’s nice to find a resource, like Rockets of Awesome, that kind of does a lot of the work for you, brings the clothing to your house, catered to your family, and for very affordable price points

We are obsessed with young retirees on So Money. And when I read about today's guest, I booked her immediately. Kristy Shen believes to be Canada's youngest retiree, calling it quits from her 9 to 5, along with her husband Bryce, at 31 years old. Today, they're traveling the world with $1 million in the bank (earning interest).Learn the inner financial workings of their early retirement strategy: how much they saved, how they invested their money and how much they're living of of now...and why they have no plans to ever make more money.For more information visit www.somoneypodcast.com.

In this week's episode of Ask Farnoosh I answer your biggest questions about whether it's worth it to purchase a car out of state to avoid paying higher taxes, how to stop the feeling of anxiety when pulling from your emergency fund and more.For more information visit www.somoneypodcast.com.

Today we're talking about reverse-engineering your career and other opportunities. If you've ever caught yourself saying, "Someday that'll be me," or "Someday I'd love to do this..." Well, let today be the day you finally map out the plan. There's something to be said and taught about FIRST figuring out who you ultimately want to be or what you want to do...analyzing how to get there, the mechanics, connecting the dots and then creating that experience for yourself. Our guest today Amanda Kludt has her own experience with this. She landed her current role as the Editor-in-Chief of Eater by keeping her eye on the prize and implementing great strategy.Eatery, for those who may not know, is a popular guide to dining and drinking in the world's best food cities. Since becoming the site's Editor-in-Chief Amanda's expanded their reviews, investigative journalism and even targeted topics like why aren't there more women in the restaurant business? She's also responsible for helping the website score four James Beard

Today's guest was coding by 8 years old, starting her first business at 12, dropping out of high school at 15 and then launching her primary business, at 19.Jessica Mah the CEO of inDinero is joining us today. The Y Combinator seed accelerator called her the "closest thing they have to a female Mark Zuckerberg" after graduating with $1.2M in funding from them and she's also been featured on Forbes 30 Under 30. inDinero provides accounting and tax services for small businesses and while it's on a streak now, the company went through some growing pains after it first launched. In 2012, Mah fired all of her staff and started over. But by 2015, she was on the cover of Inc. for skillfully rebuilding inDinero to over 200 employees with an even better business model. For more information visit www.somoneypodcast.com.