Farnoosh breaks down how much a 50-year mortgage would actually cost (spoiler: it's hardly a savings!) Plus: Getting your employer to help you with your down payment, helping your child become a millionaire, and splitting furniture costs with your partner when moving in together.
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28:32
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28:32
1904: This Is the Formula Behind Every Big Idea That Succeeds
What does it really take to launch a big idea? One that can change your career, business, or even the world? Is being a visionary enough, or is there a hidden formula for success? Guest Jen Kem says it's all about building the right "unicorn team." But here’s the twist: even if you’re a solopreneur or running a small business—like me—this book is still for you. Jen’s framework isn’t about having a massive team; it’s about understanding the roles and energies you bring to your work and how to fill in the gaps to achieve success faster and with less burnout.Jen is a brand strategist, entrepreneur, and author of Unicorn Team: The Nine Leadership Types You Need to Launch Your Big Ideas with Speed and Success. With a career working on iconic initiatives for companies like Microsoft, Coca-Cola, and Oracle, she’s now revealing how big ideas succeed—not just through visionaries, but through the right mix of leaders who execute and get results.We'll learn how to identify your own leadership type, how even a solo effort can become a "team" by leveraging the right resources, and hear the inspiring story of how a small team at Moderna outpaced industry giants to lead the charge on a life-saving vaccine.
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33:52
1903: Proven Ways to Climb the Wealth Ladder and Level Up Your Net Worth
Where do you think you are on the wealth ladder? Just starting out and struggling to save? Sitting on six figures and wondering what’s next? Or maybe you’ve hit a financial milestone—but it doesn’t feel as life-changing as you expected.Today’s episode is all about understanding what changes—and what should change—as you move up the financial ladder.My guest is Nick Maggiulli, author of The Wealth Ladder, a new book that introduces a six-level framework for wealth building and financial strategy. We dive into the key questions we all face on the journey to financial independence:How do you break out of Level 1 when you’re living paycheck to paycheck?Is a side hustle actually worth your time—or just another distraction?And how should your mindset and money strategy evolve as your net worth grows?Plus, we explore his 0.01% spending rule and 1% earning rule—two powerful benchmarks to help you spend smarter and pursue income opportunities that truly move the needle.More about Nick: He is the Chief Operating Officer and a data scientist at Ritholtz Wealth Management. He's also the author of the blog Of Dollars and Data and the books Just Keep Buying and The Wealth Ladder.
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1902: Ask Farnoosh and Georgia Lee: 2025 Taxes, Policy and the Big Beautiful Bill
We’re doing something a little different this week. My guest is my friend and financial planner Georgia Lee Hussey, founder and CEO of Modernist Financial, and together we’re unpacking the Big Beautiful Bill and what it means for your taxes in 2025 and beyond.We explore how this new legislation could impact everyday taxpayers, what it reveals about our national priorities, and how we can each align our financial decisions with our values. It’s a thoughtful and, yes, sometimes political conversation—because as Georgia reminds us, taxes are political.
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1901: How to Ask the Best Questions to Rise in Your Career (Replay)
How can you harness your curiosity to grow your career? What are the most important questions to ask yourself when attempting to manage your money well?Guest Danielle Robay is a TV host, journalist, and content creator known for her open-hearted questions + compelling interview style. Noted by Forbes as a “game changer,” she is recognized for creating the podcast “PRETTYSMART,” the bestselling card game Question Everything, and hosting E!’s “While You Were Streaming.” She’s chatted with everyone from Taylor Swift + Michael B. Jordan, to Viola Davis, Helen Mirren, Alexis Ohanian, +Tom Hanks. Even Larry King has commented on her compelling interview style: “Danielle is the millennial Barbara Walter’s. She has the ability to make people feel seen.” With a loyal social media following of over 400,000 followers across platforms, Danielle’s goal is that we learn to live better through each other’s stories.This episode is a reply from Jan 10, 2024
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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.
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