So Money With Farnoosh Torabi

Today’s guest considers herself a “global citizen” and documents her travels and fashion through a blog, a wildly successful YouTube channel and popular Instagram account (just shy of 1M followers popular...WOW!).  Her name is Mimi Ikonn a co-founder of Luxy Hair and YouTube sensation.On her YouTube channel she documents tutorials from everything to her morning and nighttime routine to her favorite outfits to how to clean out your closet. Before becoming a successful entrepreneur she dropped out of the International Business Program at Seneca College in her second year to later become a Certified Image Consultant.For more information visit www.somoneypodcast.com.

In today's episode of Ask Farnoosh, I answer your biggest questions about moving back in with your parents to pay down debt, budgeting for annual vacations, how freelancers should plan for their taxes and more. For more information visit www.somoneypodcast.com.

In today's episode of Ask Farnoosh, I answer your biggest questions about inheriting your parents student loans, using your credit vs. your debit card, steps you should take if you plan on renting your home and more. For more information visit www.somoneypodcast.com.

Imagine being a millionaire and then losing most of your wealth in an instant. My guest today stared down the barrel of bankruptcy at as the head of a financial markets education company during the most recent financial crisis.Her name is Julie Ann Cairns and she’s here to today to share her riches to rags…back to riches story. She has a new book out this month called The Abundance Code: How to Bust the 7 Money Myths For A Rich Life Now…based largely on her own personal experience with the ups and downs of money, as well as the lessons learned from coaching clients.Julie Ann has more than 20 years of experience in analyzing global economic trends and the financial markets. She has a bachelor of economics with honors in econometrics from the Australian National University and a master of economics and finance.Julie founded Trading Pursuits Group, a financial market education company where she serves as the Managing Director.For more information visit www.somoneypodcast.com.

Today on the show we have, whom I think is a true leader in the financial education space. He is one of the first personal finance bloggers to really take the stage in a big way in the early 2000's before financial blogging was really a thing. Similar to J.D Roth who has been on the show, who is the founder of Get Rich Slowly, a very popular personal finance site. We have on the show today H. Luke Landes, or Luke. He's the founder of Consumerism Commentary, you may have heard of it, one of the first independent personal finance blogs. And on it, Luke held himself accountable for his own financial decisions. He had quite a journey to financial independence. The website became one of the most popular to provide basic financial guidance to, particularly young people, focusing on education, awareness, and decision making.Luke also had an accompanying podcast on which he's interviewed me several times and so I'm happy now to have him on my show and put him in the hot seat. Luke is also the founder of the Plutus Aw

Today’s guest is a nationally known TV journalist as well as a critically acclaimed author and nationwide speaker. Elisabeth Leamy is most known for contributing to the Dr. Oz show and ABC News as a consumer advocate and money-saving expert. Elisabeth has been contributing to the Dr. Oz show since 2013 as an consumer and investigative correspondent. Prior to that, she spent 9 years working as a Consumer reporter for Good Morning America and other national ABC News programs. She still contributes to ABCNews.com where she writes a money column. She is also the author of two books including “Save Big: Cut Your Top 5 Costs and Save Thousands” and “The Savvy Consumer: How To Avoid Scams and Rip-Offs That Cost You Time and Money.” For more information visit www.somoneypodcast.com.

If you’re looking to write a book and have it be successful, to help you build your brand and business, then you’ll love hearing from today’s guest! Rob Kosberg is joining me and he is a marketing and brand-building expert who specializes in helping his clients become “go to” experts in their respective fields.  He’s also a best-selling author having wrote Life After Debt: Practical Solutions To Get Out of Debt, Build Wealth, And Radically Transform Your Finances Forever! His book address strategies and the mindset needed to overcome debt and live a debt-free lifestyle. The book has since translated into a podcast also called Life After Debt. For more information visit www.somoneypodcast.com.

Mrs. Frugalwoods is a self-described frugal weirdo, all the way from Boston. She's one of a couple that's set on living on an extremely small budget with the goal of retiring in their 30's. They're called The Frugalwoods and their blog is apply titled Frugalwoods.com. There they chronicle their journey. They live in Cambridge, also known as Frugal City, with their dog Frugal Hound who makes frequent appearances on the blog and the couple saves more than half of their income in the hopes of retiring to a homestead in rural Vermont one day. Their end game is to create a new fulfilling life for themselves close to nature and be able to garden and just live off the land. They've become so efficient at saving that they spent just $13,000 last year in the city of Boston. How is that possible? They're also expecting their first child and have just spent about $20 on the baby so far. Is that gonna keep up? How is this possible, right? Right now they are 30 and have just three years, they say, to go until retirement.

In today's episode of Ask Farnoosh, I answer your biggest questions about the future of education, what to do when you and your spouse don't agree on your financial advisor, what to know when inheriting someone else's 401k and what to look for when buying a new house. For more information visit www.somoneypodcast.com.

In today's episode of Ask Farnoosh, I answer your biggest questions about the best way to self-publish a book, paying for grad school without going broke, what to do when you're in a high cost of living area and more.For more information visit www.somoneypodcast.com.

We are rounding out So Money "Millennial" week!A “So Money” Millennial is someone who has proven to have accomplished a great deal in the their financial life in their 20s or early 30s. So often we hear about the struggles which are very real and sobering: the average college student graduates with around $35,000 in student loans, often lots more. It’s tough to find a job, save and sometimes you have to live with your parents. But today’s guest wrote in to me to say that she believes she is ahead of the curve. And I have to agree.We’re going to be speaking with Latrese Bookhard.  She is twenty-six and currently serves in the military.She says, Farnoosh, "I’m debt free, have a net worth approaching $100,000 and I paid off $53,000 in student loan debt. I max my annual Thrift Savings Plan and Roth IRA contributions. I save well over 50% of my take home pay and consider myself an aspiring “Millionaire Next Door” and early retiree. I’ve always been frugal but I kicked everything into high gear when I found a Yahoo

Sophia Bera is in her early 30s and has already started her own company, GenY Planning, which delivers comprehensive financial planning to people in their 20s and 30s across the country.Most financial planners require an asset minimum of $1 million, making it an unattainable resource for most people, particularly millennials seeking advice with how to start building their finances. With Gen Y Planning, Sophia, a certified financial planner, is determined to shake up the financial planning industry, and work with clients today so that they can reach $1,000,000 in the future.But interestingly Sophia actually never planned to be in finance. She was actually a Theater Performance and Women’s Studies major in college at Minnesota State University-Mankato. While in college, she set the impressive goal for herself of buying a house after graduation, and she became obsessed. She spent her time between classes at Barnes and Noble reading everything she could about money, personal finance, real estate and building weal

My guest today is a woman with similar drive and ambition to the So Money Millennials you've already heard from earlier this week. Today's guest is Raya Schwartz, and she is just 25 and has already opened up her own waxing boutique in Tampa, FL!She became an esthetician at 18 in New Mexico, and when she turned 20 got a job at a waxing salon. She made a good salary of over $60k per year, but was unhappy with the way the owners treated the employees. So, she decided go out on her own and start a small spray tan business. In her first year she was able to match her salary from her previous salon!She then moved to Tampa and opened the successful Flirt Wax Bar. Her goal is to be financially and physically free to travel and spend time with her family – and she is well on her way.For more information, visit www.somoneypodcast.com. 

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. It’s a crisis.For Kristina, after her mother sat her down in the 9th grade and told her she wouldn’t be able to financially support her daughter once she graduated high school, she became empowered to find a way to afford her own future without skipping college or going into massive debt.Instead, she immediately began researching the best ways to qualify for top scholarships. She spearheaded community service missions, coached and grew her gymnastics team and even managed to get crowned Miss Indiana Teen USA. From there Kristina cast a very wide application net and managed to earn $500,000 spread across 20 scholars

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 year he was working as a bond trader at Vanguard. He had passed the CFA exams, and was on track to become a Portfolio Manager, but he realized that he wasn't fulfilled…reminds me of a tony robbins saying that success without fulfillment is FAILURE. Travis had always been a big saver since college, so he decided to take the plunge and start saving two-thirds of his income and live like a pauper with the goal to retire at 25, which he has just achieved. As of right now he is enjoying his retirement by traveling the world. He’s already been all over Europe, and plans to travel to South America and Asia next. Today he’s co

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.

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 retirement savings and more.  For more information check out www.somoneypodcast.com.

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 Jack Dorsey. Rebecca and I first met about six years ago at CBS News. And she’s one of the hardest working people in the industry.In the following interview I put her on the spot and asked her about something she failed to put in her bio… tsk-tsk. Rebecca’s got some fantastic insights to share about her financial journey and the lessons learned as a kid growing up in the Midwest…the big money mistake she made and the impact it had on not only her finances, but her parents’ finances, as well…and how she turned a 6-month trial job into a major 3 year contract.For more information visit www.somoneypodcast.com

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 wife ONLINE. People would make up all sorts of lies…and say “oh and we met at Barnes and Nobles or at a party…when really, you met at 2am online in your pajamas courtesy of match.com.Now the online dating industry is an estimated 2 billion dollar market with popular matchmaking apps like Tinder, Coffee Meets Bagels, Bumble, The League…and a relative new player in the field – Hinge. Our guest today is the founder and CEO of Hinge Justin Mcleod.Hinge is a relationship app that helps people meet through friends.  Unlike apps that show you random people in your area, Hinge shows only people in your social circles. Basically

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 immersed himself into intensive real estate investor training.He has since become a very, very successful real estate investor and has amassed an impressive portfolio of over 300 units of residential and commercial properties as well as private notes and mortgages.Today, in addition to his extensive real estate work, J. runs a training series that is available for others to learn how to turn their financial lives around, gives speeches and has authored the book Cash Flow Diary: 10 Steps to Creating Wealth in Any Economy.