So Money With Farnoosh Torabi

You asked for it and this week we made it happen... I'm in the So Money hot seat! My fellow podcaster Joe Saul-Sehy from Stacking Benjamins stopped by to interview me about my earliest money memories, my financial mistakes and my so money moment. Joe was also a guest on the show last week  where he gave great advice for making a successful podcast and how he and his wife communicate about money.

Today’s guest is going to share the importance of having mentor in our lives…She is the author of the new book Getting There: A Book of Mentors. In it she interviews 30 leaders across different career paths that share their journey on the road to achieving success. From Warren Buffett to Frank Gehry to Sara Blakely, the billionaire inventor of Spanx shapewear for women.Her book offers great advice for everyone from students to those who’ve been working in their fields for years. It’s practical and priceless wisdom that we can apply across the board whether in our careers or elsewhere. She also wrote the book New York Characters, which pays tribute to some of the most interesting New Yorkers at the time. Gillian also received her law degree from the Benjamin N. Cardozo School of Law and is a photographer. She lives in NYC.

Hannah Ouimet is here on the show today. She's running a six-figure fashion business from her phone, yes, by selling some of her unwanted clothes and accessories. And now she's gotten so good at it, she knows how to buy items elsewhere at a low cost and re-sell them. And by the way, she's only 23-years-old. She got her start in college and she's still in college. She decided to just sell some things from her closet that she didn't want anymore to make a few extra bucks, and she did this on a site called "Poshmark", which allows users to sell their unwanted clothes and accessories to fellow Poshmark App users.And before she knew it, Hannah was not only making a profit selling her own stuff, but also her friends items. She started buying designer apparel on deep discount, reselling that for a profit, and over time she has amassed something like 2 million users on Poshmark and she's been inspired to actually go out on her own, still working with Poshmark but also starting her own e-commerce shop called "Hannah B

Hair is a big business. My guest Myleik Teele is revolutionizing the world for women who have curly hair. She founded curlBOX, an exclusive and affordable monthly subscription box full of amazing haircare products for women with curly hair. This small big idea lets women try travel and sample sized hair products before actually making the purchase and investing in a full-sized bottle. CurlBox has partnerships with major brands and distributors including Procter & Gamble, Walmart, Target and Shea moisture. The company has over 200k Instagram followers and Teele even created a web-series, curlBOX TV, which gives viewers a behind-the-scenes look at their favorite hair care brands. Behind this business is a remarkable personal story. And that’s where my interview with Myleik – who is only in her early 30s – begins.

On today's special extended episode of Ask Farnoosh I answer your biggest questions about saving for college, selecting the right money team, budgeting, getting out of an unhappy job, getting out of debt, making money from blogging, and figuring out your 401k.

On today's special extended episode I answer your biggest questions about getting out of credit card debt before starting a business, retirement strategies, starting over in your sixties, investing, exploring career options, when she makes more in the relationship, and what to do with extra cash. 

Joe Saul-Sehy is co-host of the popular Stacking Benjamins podcast and is a contributor to the Money Tree Investing podcast. In his former life as a financial advisor of 16 years and the WXYZ Television “Money Man” (Detroit ABC Affiliate), he helped families overcome debt, open and operate businesses, put kids through college and retire successfully. He’s been featured in publications as diverse as newspapers like The Los Angeles Times, Chicago Sun Times, and Baltimore Sun, and magazines such as Bride, Child and Best Life. For more information visit www.somoneypodcast.com

Matt Becker took his experience raising 2 little boys and his financial background as a CFP, and he started Mom and Dad Money. It's a fee-only financial planning practice that's dedicated to helping new parents build happy families by making money simple. He also has written a new book called "The New Parents Guide to Financial Independence,” which we discuss, as well as the biggest financial issues he personally tackled when becoming a parent and interesting ways to save on childcare costs. I asked him specifically for tips saving that and how single income households can limit their financial risk.

In today's So Money episode I chat with Richard Davies, a former news reporter for ABC and the current co-host for the weekly podcast How Do We Fix It? Davies talks to me about his reporting career and and the financial problems he aims to solve on his weekly podcast. For more information, visit www.somoneypodcast.com 

Dr. Paul Zak is a scientist, prolific author and public speaker. He has the very unique job title of Neuroeconomist. Dr. Zak has degrees in mathematics and economics and also has post-doctoral training in neuroimaging. In 2004, his lab discovered that the brain chemical oxytocin allows us to determine whom we can trust. Since then, he has continued to study the chemical, and his current research has shown that oxytocin is responsible for virtuous behaviors, working as the brain’s “moral molecule.” This knowledge is being used to understand the basis for civilization and modern economies, improve negotiations and treat neurologic and psychiatric disorders. The possibilities are endless. He has also written a book called The Moral Molecule: The Source of Love and Prosperity about his discoveries on oxytocin. He has a fascinating perspective on decision-making and finance.  For more information visit www.somoneypodcast.com

In today's episode of So Money Podcast I chat with Daphne Oz, a natural food chef, New York Times bestselling author and co-host of the ABC show The Chew.  Daphne shares how she seizes the moment and experiences life in the now, about her celebrity father, Dr. Oz, and the valuable lesson she learned at age 9 about money.  For more information visit www.somoneypodcast.com.

In this replay of Ask Farnoosh, I answer your questions about giving up paid vacation in exchange for more money at work, what to do about selling a home when you don't have the funds to cover a short sale, future guests you'd like to see on So Money and more!  For more information visit www.somoneypodcast.com

In honor of the July 4th holiday, I'm replaying one of the first and a great episode of Ask Farnoosh. In this episode, I answer your questions about how to pursue freelance writing work, sticking to budgets, how to help pay down your children's student loans while paying down a mortgage and more.  For more information visit www.somoneypodcast.com

Today I'm replaying an oldie but goodie episode in honor of the Fourth of July holiday with Mr. Money Mustache.  He is a thirty-something retiree who now writes a personal finance blog with a cultish following.  In this interview, he shares how he was able to retire at age 30 and the rules behind his religion also known as mustachinism, the cultural forces that pressure us to spend beyond or needs and what drives happiness and why a lot of us have yet to figure out the whole happiness thing. For more, visit www.somoneypodcast.com.

Natalie Jill, Fitness Entrepreneur, talks how she went from a successful corporate career to hitting rock bottom to turning it all around by creating Natalie Jill Fitness.

Skylar Woodward is the CEO and Co-Founder of Puddle, an online money sharing network.  He shares how Puddle works and earlier days in his career from co-founding Kiva.org to working at Yahoo!

Jason Vitug, Founder and CEO of phroogal.com, and online resource for getting real-time answers to your financial questions, discusses his inspiration for creating the website and becoming and entrepreneur.

Tamsen Fadal is a Lebanese-American television personality, 4-time Emmy awarding winning journalist and anchor on the PIX11 News.  We discuss her public divorce and how she recovered emotionally and financially, which led to her latest book, The New Single.

In this episode of Ask Farnoosh I answer questions on combining bank accounts with your spouse, saving for retirement after divorce and improving your credit score.

 In this episode of Ask Farnoosh I answer questions on going back to grad school, Roth IRA's and more.