Share
So Money with Farnoosh Torabi
1687: How to Retire By 40 with $1 Million
•
Today, we're in discussion with a a financially exceptional couple, Katie and Alan Donegan, who managed to quit their day jobs and retire when Katie was 35 and Alan was 40. We’ll hear how they calculated for this accelerated plan, how they’re living out their early retirement dreams, and advice for listeners on determining how much one needs to save for retirement. Learn more about the Donegans and their Rebel Finance School here. (This episode aired originally on May 27, 2024)
More episodes
View all episodes
1750: Trump, Climate Change and Smart Ways to Spend, Save and Invest Sustainably
35:27|As the possibility of a second Trump administration looms, there’s growing concern over the future of climate policies. With environmental protection on the chopping block, it’s never been more critical for individuals to take action where they can—through their spending, saving, and investing choices. Today’s conversation with financial author Kara Perez couldn’t come at a better time. Kara is the founder of Bravely Go and the author of her debut book, Green Money, where she offers a roadmap for how we can use our money to create meaningful change, even in the face of policy setbacks. Join the So Money Members Club.Download Farnoosh's free investing blueprint.Hang out with Farnoosh on Instagram.1749: Ask Farnoosh: How to Navigate Marriage, Money, and Student Loans in Uncertain Times
37:30|In this episode of So Money, Georgia Lee Hussey, CFP and founder of Modernist Financial, joins to discuss building financial resilience in today’s shifting political and economic landscape. Farnoosh and Georgia answer pressing audience questions, offering advice on combining finances in marriage, managing debt while saving for retirement, and optimizing student loan repayment -- all through the lens of a Trump presidency.1748: Friends with Money: Smart Strategies for Managing Wealth Gaps in Friendships
27:12|Have you ever felt uncomfortable splitting a dinner bill with friends or hesitated to join a group vacation because of the cost? Maybe you’ve wondered if your friends view money the way you do. Friendships are one of the most rewarding parts of life, yet they come with their own set of challenges—especially when money enters the picture. Today, we’re diving into this problem with someone who has tackled this topic head-on. Kristin Wong, an award-winning journalist and author, has explored the subtle, often unspoken ways wealth gaps can impact friendships. Her recent article in The New York Times uncovers the nuances of these situations and how friends navigate the social and emotional dynamics of financial imbalance. Follow Kristin's Substack, "Untranslatable."Join the So Money Members Club.Download Farnoosh's free investing blueprint.Hang out with Farnoosh on Instagram.1747: Reasonably Happy: Finding Humor and Meaning in Money
36:03|Thrilled to welcome back one of our favorite voices in the world of money and humor—Paul Ollinger. Paul is a comedian and author, and he's here to talk about his latest book of essays, Reasonably Happy, a collection that balances sharp wit with deep reflections on money, purpose, and what it means to live a meaningful life. Follow Pau's SubstackJoin the So Money Members Club.Download Farnoosh's free investing blueprint.Hang out with Farnoosh on Instagram.1746: Managing Your Money in a Trump Presidency
30:29|In this episode of So Money, Farnoosh dives into the financial implications of Donald Trump’s recent election victory. Reflecting on her mixed emotions, she draws on wisdom from family and acknowledges the resilience needed to face uncertainty. Farnoosh shares insight on potential economic policies, like proposed tariffs and tax changes, and discusses how these could impact inflation, the stock market, and household finances. She emphasizes the importance of “healthy panic” as a motivator for constructive actions in our financial lives. From boosting cash reserves to staying engaged with long-term investments, she outlines her approach to navigating the coming years. Farnoosh also highlights the importance of community and financial self-reliance, especially for women. Join the So Money Members Club.Download Farnoosh's free investing blueprint.Hang out with Farnoosh on Instagram.1745: The Science of Setting and Achieving Financial Goals
34:34|In our financial lives, setting goals isn’t just about having aspirations; it’s about understanding how to build sustainable, achievable plans that propel us toward success. Guest Caroline Adams Miller has spent over 30 years pioneering the science behind how we set goals, stay resilient, and achieve meaningful success. Her newest book, Big Goals, is changing the conversation around achieving personal and professional ambitions.Join the So Money Members Club.Download Farnoosh's free investing blueprint.Hang out with Farnoosh on Instagram.1744: How to Master Modern Home Economics: Managing Money, Family and Million Dollar Real Estate
35:31|In today’s episode of So Money, we welcome back Lindsey Stanberry, a seasoned journalist and founder of The Purse. The popular newsletter dives into how money intersects with women's lives, encompassing topics from childcare and family budgeting to the emotional load of managing a household.Lindsey and I discuss some of the issues and topics she explores in The Purse, including the division of labor within households, the influence of societal and economic norms on childcare and household duties, and the shift in childcare dynamics post-pandemic. Plus: How one young Brooklyn couple afforded a $3.5 million townhome.Join the So Money Members Club.Download Farnoosh's free investing blueprint.Hang out with Farnoosh on Instagram.1743: Ask Farnoosh: Election Anxiety and How to Manage My Money
27:06|This week: Navigating your money amidst election anxiety; how to manage a 401k Inheritance; balancing emergency savings with retirement savings; reacting to identity theft with your taxes.Join the So Money Members Club.Download Farnoosh's free investing blueprint.Hang out with Farnoosh on Instagram.1742: Navigating Cultural Pressures on Your Path to Financial Freedom
34:45|Jannese Torres is an award-winning Latina money expert. She became an accidental entrepreneur after a job loss inspired her to turn her food blog into a six-figure business. Throughout the years, her passion for entrepreneurship led her to notice a gap in the conversation around money. Her debut book, Financially Lit, offers culturally relevant and relatable personal finance advice to make you feel seen, heard and understood. Whether it’s the guilt you feel from being the first person to “make it” while members of your family are still struggling or the way financial trauma manifests itself in negative and limiting beliefs around money, Torres is here to guide you through it all. Check out Jannese’s first interview on So Money®.Join the So Money Members Club.Download Farnoosh's free investing blueprint.Hang out with Farnoosh on Instagram.