So Money with Farnoosh Torabi

Farnoosh Torabi
  • 4.7 (1.9K)
  • Entrepreneurship
  • Updated Daily

*** Named a Best Podcast By The New York Times, Time Magazine, Real Simple and MSNBC *** Host Farnoosh Torabi is an award-winning financial strategist, TV host and bestselling author. With over 40 million downloads and multiple Webby wins, So Money is dedicated to sharing inspiring money strategies and stories straight from today's financial leaders, bestselling authors and entrepreneurs. One day, hear an intimate money conversation with industry greats like Queen Latifah, Barbara Corcoran or Margaret Cho. Another day learn the basics of cryptocurrency and its impact on our wallets. On Fridays, tune in as Farnoosh answers our most pressing financial questions about saving, investing and building wealth. Advice and insights always delivered through a lens of equity, inclusivity and the changing world we live in. Want more? Join the So Money Members Club at SoMoneyMembers.com. Hosted on Acast. See acast.com/privacy for more information.

  1. 1d ago

    The Bank Rewards You Might Be Missing

    Today's episode is sponsored by Bank of America. To learn more about BofA Rewards and see where you land, head to bofa.com/bofarewards Welcome to So Money, everyone. You know the loyalty economy when you see it. Airlines have status tiers. Your grocery store has a rewards app. Hotels want you to hit the next level of points before your trip. But did you know your bank could be another place to unlock exclusive benefits? I didn’t until now, and here's the part that got my attention: Access is changing. More banking customers than ever now have access to real rewards, and the kinds of benefits available to them are expanding, too. If you haven't looked at what's available to you lately, it's worth a review. My guest today has spent her career inside that shift. Shikha Narula is Managing Director and Head of Consumer Deposit Products and Rewards at Bank of America. Before this, she led US consumer lending products at American Express, and spent 16 years at Citi in cards and marketing. So she's watched this industry rethink, again and again, what it actually means to reward a customer for sticking around. In our conversation, we're going to talk about The forces actually reshaping banking right nowWhat that means for how we should evaluate our own banking relationship andShikha will walk us through BofA Rewards, which launched this year and represents a pretty different approach to who gets rewarded and for what. By the end of this episode, we’re going to walk through a bank check in that takes less time than waiting for your coffee, and it could be worth real money that you don't even know you have access to. How's midlife going? Fill out Farnoosh's survey and help shape the podcast in 2027. Hosted on Acast. See acast.com/privacy for more information.

  2. 3d ago

    She Got Divorced for $500. Here's How She Protected Her Wealth

    Love is beautiful. But love is not a financial plan. What happens when you're the breadwinner in your marriage? When your aging parents haven't saved enough for retirement? Or when protecting your financial future means having some pretty uncomfortable conversations with the people you love most? This week, I'm joined by Jannese Torres, creator and host of Yo Quiero Dinero, author of Financially Lit, entrepreneur, and one of my favorite voices on women's financial independence. Jannese is no stranger to challenging traditional expectations around money and relationships. She's the breadwinner in her marriage, runs a real estate business with her husband, and is a passionate advocate for prenups and financial boundaries. She's also navigating something many of us in midlife can relate to: the growing realization that our parents may be counting on us for financial support. We get into the messy intersection of love, money, marriage, and family obligations, including Jannese's remarkable experience of getting divorced for just $500, thanks in part to financial protections she put in place. And we explore what it really means to build generational wealth. Spoiler: Sometimes the greatest financial gift you can give your children is making sure they'll never have to support you. In this episode, we discuss: Why love isn't enough: The financial conversations every couple should have, especially when one partner earns significantly more.The case for prenups and postnups: How Jannese protected her investments and business during divorce, and why these agreements aren't just for the wealthy.Being the female breadwinner: How to navigate traditional gender expectations and build an equitable partnership.Working with your spouse: What Jannese learned about trust, money, and stepping back while investing in a house-flipping business with her husband.When your parents have no retirement plan: How to set financial boundaries without abandoning the people you love.Raising financially independent kids: Why funding your own retirement may be more important than paying for every dollar of your child's college education.Redefining generational wealth: The lessons, examples, and financial confidence we pass down matter just as much as the money. A powerful takeaway from Jannese: "The most generous form of wealth that you can give your kid is a financially independent parent." More about Jannese Torres Jannese is the founder of Yo Quiero Dinero, a personal finance platform dedicated to helping women build wealth and achieve financial independence. She's the author of Financially Lit and is working to bring a new financial empowerment conference to Puerto Rico in 2027, creating space for women, especially first-generation wealth builders, to have honest conversations about money and opportunity. Follow Janesse: IG @yoquierodineropodcast | https://yoquierodineropodcast.com Learn more about her fundraiser for DiversiFI, a financial freedom conference created for Latinas and Black, Indigenous, and other people of color, to Puerto Rico in fall 2027. ****** This episode of So Money includes a paid partnership with Google Workspace with Gemini. Farnoosh takes us behind the scenes of how an episode goes from an initial idea to a conversation ready for the mic. Get AI tools for work. Upgrade to Google Workspace with Gemini and try it free for 14 days at https://goo.gle/workspacewithgemini. How's midlife going? Fill out Farnoosh's survey and help shape the podcast in 2027. Hosted on Acast. See acast.com/privacy for more information.

  3. 5d ago

    Inherited Money? Here’s What to Pay Off First

    Take Farnoosh's midlife survey What if the retirement you’re saving for isn’t the life you actually want? This week on Ask Farnoosh, we unpack a story about Gen X’s willingness to “blow up” their lives—from downsizing to moving overseas—to make room for more freedom. Plus, a closer look at a headline about retirement savings at age 84, what those numbers really tell us, and this week’s mortgage-rate news. Then, three questions adapted from public Reddit conversations: I inherited $25,000. Should I pay off debt, invest—or enjoy some of it? How to prioritize competing goals, weigh a nine-percent car loan, and make a thoughtful decision without making a joyless one.We want to pay our nieces’ and nephews’ college tuition. What if one doesn’t go? Setting clear expectations, supporting different paths, and understanding a useful gift-tax distinction.Someone sent me money through Zelle by mistake. Why shouldn’t I just send it back? Sending a new payment doesn’t undo the original transaction—and that difference could leave you paying for someone else’s fraud.Stories discussed Upworthy: Gen X is redefining what retirement meansFinanceBuzz: Average retirement savings of 84-year-old Americans — The cited figures cover households age 75 and older with retirement accounts, rather than specifically all 84-year-olds.Freddie Mac: Weekly mortgage-rate survey archive Mailbag sources and resources The inheritance question Original Reddit discussionInvestor.gov: Paying off high-interest debtInvestor.gov: Making the most of a lump-sum paymentThe college-gift question Original Reddit discussionIRS: Gift-tax guidance, including the educational exclusionThe Zelle question Reddit: Why are some Zelle payments reversible?Related Reddit discussion: An unexpected $500 paymentOregon financial regulator: “Payment sent by mistake” scamsZelle: Reporting fraud or a scam Have a money question or a midlife decision you’re wrestling with? Visit SoMoneyPodcast.com and click Ask Farnoosh. How's midlife going? Fill out Farnoosh's survey and help shape the podcast in 2027. Hosted on Acast. See acast.com/privacy for more information.

  4. Oct 21

    Peri-Retirement: A New Money Playbook for Midlife

    You’re not ready to retire. But you might be ready to stop working—and living—the way you have been. How do you figure out what you can afford to change? Farnoosh welcomes certified financial planner Sara Stanich, founder of Cultivating Wealth and author of Crossroads: A Financial Fable for Women Navigating the Decisions, Transitions, and Pivots of Peri-Retirement. Sara calls this stage “peri-retirement”: the stretch when your relationship with work, money and identity begins shifting, even though retirement may still be years away. Her book follows four childhood friends navigating caregiving, divorce, career burnout and entrepreneurship—and the financial decisions that come with each. The conversation explores why midlife calls for a different financial playbook, one that makes room for both future security and a better life today. Topics include: What peri-retirement means and why it can begin earlier than you expect.How to assess whether you can afford a career change, lower income or more flexibility.Why earning good money doesn’t always translate into feeling financially secure.Balancing support for children and aging parents with your own needs.Rebuilding financial independence after divorce.Why Sara chose fiction to tell these money stories.A five-year vision exercise to help clarify what you want next. Learn more: Explore Sara’s work at Cultivating Wealth. Find Crossroads and accompanying resources at crossroads-book.com. How's midlife going? Fill out Farnoosh's survey and help shape the podcast in 2027. Hosted on Acast. See acast.com/privacy for more information.

  5. Oct 20

    Can I Afford to Retire? Making Your Money Last with Dan Goldie

    Can you afford to retire—and what do you want life to look like when you do? Financial advisor and former Wimbledon quarterfinalist Dan Goldie joins Farnoosh to discuss his new book, The Retirement Answer: The Six Key Decisions Every Retiree Needs to Make, and the financial and emotional decisions that shape life after full-time work. From growing up with a single mother facing financial insecurity to navigating his own early exit from professional tennis, Dan shares the experiences that inform his approach to helping people plan for their futures. In this episode: How to figure out what you need for retirement beyond the intimidating headlines.Social Security timing and the tradeoffs of waiting to claim benefits.Opportunities to boost retirement savings in midlife.Why Dan favors flexible withdrawals over a rigid application of the 4% rule.How to prepare for changes in identity, purpose and daily routine.Why retirement can be a gradual transition, including consulting or part-time work.How's midlife going? Fill out Farnoosh's survey and help shape the podcast in 2027. Hosted on Acast. See acast.com/privacy for more information.

  6. Oct 16

    Ask Farnoosh: Is My Emergency Savings Enough? What if my Income Drops?

    Join Farnoosh's newsletter. When does a bad shopping experience deserve a public callout? Farnoosh weighs in on Kelly Clarkson’s mechanical bird brouhaha and the responsibility that comes with an audience. Then, this week’s Ask Farnoosh tackles three money worries: Is six months of emergency savings enough? How do you choose health insurance without an expensive mistake? And what if your peak earning years end before your biggest bills do? How's midlife going? Fill out Farnoosh's survey and help shape the podcast in 2027. Hosted on Acast. See acast.com/privacy for more information.

  7. Oct 14

    2048: The Midlife Plot Twist - and How to Deal

    Today's episode is for anyone who has ever stood in the vitamin aisle reading about the exact right creatine dosage for a woman "in this stage of life" and thought... okay but where's the aisle for my retirement savings? I'm right in the thick of this myself. Midlife money is basically all I want to talk about lately, because I think we are the forgotten demo. There's an entire industry telling us how to optimize our sleep, our supplements, our skin. But when it comes to actually managing our money at this stage, when the stakes are higher and the runway to retirement is shorter, the advice mostly dries up. So I'm thrilled to have Lindsay Goldwert here. She's the co-author, with Gabrielle Moss, of The Midlife Plot Twist, and she's spent a lot of time talking to women about the money moment we're in right now: the shame, the catching-up, the marriages where one partner has quietly been steering the ship, the total reinvention some of us are doing in our forties and fifties. Lindsay, welcome to So Money. How's midlife going? Fill out Farnoosh's survey and help shape the podcast in 2027. Hosted on Acast. See acast.com/privacy for more information.

  8. Oct 12

    2047: The Hidden Cost of Aging with Senator Andy Kim

    What would you do if caring for a parent meant putting your own financial future—and your kids’—on hold? That’s not a hypothetical. It’s the reality facing millions of Americans right now, including Senator Andy Kim—a father of two, a son navigating his own father’s Alzheimer’s diagnosis, and now, one of the leading voices in Washington pushing for change. Today’s episode is a deeply personal and urgent conversation about the true cost of caregiving in America—financially, emotionally, and systemically. This interview is also a special crossover with The Montclair Pod, my local news podcast, where I co-host alongside Michael Schreiber—who you’ll hear in this conversation as well. Together, we sat down with Senator Kim to talk not just about policy, but about what happens when aging, illness, and money collide inside your own family. Before serving in the Senate, Andy Kim worked in national security and diplomacy, and today he represents nearly 10 million New Jersey residents. But in this conversation, what stands out most isn’t his title—it’s his story. He opens up about his father’s battle with Alzheimer’s, the impossible trade-offs of being in the sandwich generation, and how quickly a family’s financial plan can unravel in the face of long-term care costs. We talk about why so many families are blindsided, what Medicare does—and doesn’t—cover, why long-term care insurance is falling short, and what changes may be coming. Also check out: Caring for Aging Parents with Beth Pinsker How's midlife going? Fill out Farnoosh's survey and help shape the podcast in 2027. Hosted on Acast. See acast.com/privacy for more information.

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*** Named a Best Podcast By The New York Times, Time Magazine, Real Simple and MSNBC *** Host Farnoosh Torabi is an award-winning financial strategist, TV host and bestselling author. With over 40 million downloads and multiple Webby wins, So Money is dedicated to sharing inspiring money strategies and stories straight from today's financial leaders, bestselling authors and entrepreneurs. One day, hear an intimate money conversation with industry greats like Queen Latifah, Barbara Corcoran or Margaret Cho. Another day learn the basics of cryptocurrency and its impact on our wallets. On Fridays, tune in as Farnoosh answers our most pressing financial questions about saving, investing and building wealth. Advice and insights always delivered through a lens of equity, inclusivity and the changing world we live in. Want more? Join the So Money Members Club at SoMoneyMembers.com. Hosted on Acast. See acast.com/privacy for more information.

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