So Money with Farnoosh Torabi

by Farnoosh Torabi

33m

average length

1079

episodes

5

followers

Host Farnoosh Torabi is an award-winning financial strategist, TV host and bestselling author. So Money brings inspiring money strategies and stories straight from today's top business minds, authors and influencers. What was their financial journey and how do they master their money today? Hear from inspiring individuals and learn about their financial philosophies, wins, failures and habits. Plus, their secret guilty pleasures. On Fridays, tune in as Farnoosh answers your biggest questions about money, career, guests, you name it. Submit your question for Farnoosh at www.SoMoneyPodcast.com.

Best So Money with Farnoosh Torabi episodes upvoted by the community

Last updated on May 28, 2020, 4:00 am

#9

678: Abby Chao, Co-Founder + COO of CollegeBacker

January 15, 2018

The topic today is college savings. So many of you write-in asking,"Farnoosh, where should I save for my child's college education? Is a 529 still the best option?" Some even want to know about how to save for our unborn children! I get it. College is expensive today, let alone 18 or 20 years from now. To help us tackle college savings plans, we have the co-founder and COO of CollegeBacker Abby Chao joining us. Prior to launching the company, Abby was a senior associate and social sector fellow at McKinsey & Company.What's interesting is that only 30% of Americans know what a 529 plan is. That's where CollegeBacker wants to help. It's a new company that's educating parents around it and make it easier for them to save up for their child's college costs. Their trick: involving your community of friends and family. At CollegeBacker you can open a 529 plan and invite others to contribute. Abby and I discuss 529 pros and cons of starting an account like this. It's not a given that a 529 is the best way to save and that it's a right fit for all families.What if you save diligently into this account and your child doesn't attend college or receives a full scholarship? What happens to the money? I was pretty surprised by some of the answers. There are also some potential legislative changes to the 529 this year that may or may not expand its impact. We talk about all of this, as well as Abby's own impressive career resume. Her "So Money" moment was when she was at work and convinced her bosses to give her a promotion and a raise...and reimbursements for graduate school! CollegeBacker would like to offer So Money listeners a $25 match if you sign-up. You can visit collegebacker.com/somoney for more information.To learn more about Abby and CollegeBacker visit collegebacker.com or follow her on Twitter @AbbyChao.To learn more visit www.somoneypodcast.com.

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#20

616: Adam and Sheila Torabi, Farnoosh's Parents (Replay)

August 23, 2017 • 34m

Today’s interview is an experience I will never forget. I’m actually surprised that it took me this long to bring my parents onto the show. They have been one of my biggest supporters since day one but particularly with this podcast. They knew how much it meant to me. They listen every day and give me feedback. They’re my biggest fans.We talk about it on the show so often that who we are as people, especially when it comes to our values, perspectives and emotions around money, stem from childhood and often how our parents communicated over money and interacted with money. I talk about all of that with Adam and Sheila Torabi. In Farsi or in Persian, they’re known as [Farrokh] and [Sheida], but they changed their names. I finally get to the bottom of this in our official podcast interview today and it was a blast going all “Barbara Walters” on them. I didn’t let them off the hook.I asked them why they fought about money when I was a kid because that’s the sort of stuff that really sticks with you for life, right? I was a little scared to ask that question because I’m sure it brings up as many emotions for them, as it does for me. But I really wanted to know. And more importantly, how did they reconcile those differences? And of course, we’ll talk about their immigration and the importance of education. My dad just got laid off, believe it or not, at 62. How’s he dealing with that? All that and more plus my mom’s number one tip for a lasting marriage. My parents are celebrating their 38th anniversary this August.For more information visit www.somoneypodcast.com.

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