Share

So Money with Farnoosh Torabi
1170: How One Mom Stopped Shopping on Amazon for Good
#BoycottAmazon has been trending on Twitter lately. Maybe you’ve seen the headlines about Amazon’s alleged unsustainable and unfair working conditions or grown concerned about the massive wealth chasm between the company’s founder and its 1.3 million employees.
Perhaps you’ve witnessed several mom and pop-owned businesses close their doors during the pandemic, while Amazon earned billions. You may be embarrassed about the amount of money you spend at the retail behemoth. Or maybe you just want to better support minority-owned businesses.
Whatever the reason, you may be compelled to quit Amazon for good. Today’s episode interviews one New York City journalist and mom who’s given up her Amazon spending as best she can.
Julie Scelfo officially kicked her Amazon habit in 2019 for “a combination of reasons,” she told me. Between the excessive packaging that made recycling a “part-time job,” the financial toll on mom-and-pop stores, and the overtime delivery teams suffered around the holidays to get Amazon packages to doorsteps, Scelfo had witnessed enough. The site was once her go-to for everything from laundry detergent to books, baby gifts, and kid clothes, but she banned it altogether.
As an activist, this isn’t Scelfo’s first retail boycott. Several years ago, she gave up the Gap when she saw the clothing store monopolizing city street corners and edging out smaller shops. “I’ve always tried to spend my dollars in line with my values.” But, she admits, “it’s not so easy.”
Listen to find out more about Julie’s reasons for banning Amazon, how she’s finding alternative vendors and how others can follow in her footsteps.
More about Julie: She is a journalist, author and justice advocate who helps people discover the forces that help shape human thinking.
Recently, she gave a TED Talk about how humans make meaning and why being “media savvy” — having an understanding how media works — is essential for parsing today’s cluttered information environment.
Previously, Scelfo was a staff writer for The New York Times, where she wrote stories about how we live in contemporary American society that frequently ended up on the Times’s most-emailed list. Before joining the Times in 2007, Scelfo was a Correspondent at Newsweek where she covered breaking news, including the September 11, 2001 attack on the World Trade Center.
Scelfo is most popularly known as the author of The Women Who Made New York (Seal Press/Hachette, 2016), a collection of intersectional biographies that reveal how it was women — and not just men — who built one of the world’s greatest cities. Irin Carmon described the book as “both a public service and a pleasure;” Maria Popova of Brain Pickings deemed it “rigorously researched and elegantly written.”
More episodes
View all episodes

1927: David Bach, Author of The Automatic Millionaire, 20 Years Later. Why the System Still Works
48:18|Happy New Year! In this brand new episode, financial guru and NYT bestselling author David Bach returns to So Money to mark the 20th anniversary of The Automatic Millionaire, which has been expanded and updated, and to explain why its core message still holds up—even in today’s high-cost, AI-driven economy. Bach argues that we now live in an “automatic economy” that can quietly make us richer or poorer depending on how our money flows, and that paying yourself first through automation remains the most dependable path to financial security. Drawing on personal stories, market data, and lessons from living abroad in Italy, he reframes wealth as freedom, not just net worth, and makes a compelling case for starting small, investing consistently, and using money to build a life—not just a balance sheet.
1926: Ask Farnoosh: Fraud Scares, Fed Rate Cuts and Investing 101 (Encore)
27:34|This episode aired originally on Sept 19, 2025.In this episode, Farnoosh opens with a personal story about a $5,000 fraud attempt on her business checking account—and what she learned about staying vigilant. She then breaks down today’s biggest money headlines: the Fed’s recent interest rate cut, why U.S. credit scores just saw their sharpest drop since 2008, shifts in the housing market, and why groceries and rent are still stubbornly high despite easing inflation elsewhere. Farnoosh also answers a wide range of listener questions from investing to estate planning.
1925: Best of So Money 2025: Building Wealth and Securing Retirement
34:25|In this Best of So Money 2025 episode, we revisit standout conversations on new ways to build wealth and protect retirement. From crypto and private equity creeping into 401(k)s, to smarter “rules of thumb” for spending and career decisions, to how to speculate without blowing up your plan, these clips help you stay curious, diversified, and clear-eyed as money trends evolve.Featured Guest ExcerptsTess Waresmith (Episode 1876) – Crypto and alternative assets entering 401(k)s, what the legislation actually means, the risks and fees to watch for, and how much exposure is too muchNick Maggiulli (Episode 1856) – The Wealth Ladder, the 0.01% rule for smarter spending decisions, and how to evaluate career and income opportunities as your net worth growsBarry Ritholtz (Episode 1840) – Investing humility, avoiding unforced errors, how to speculate without blowing up your portfolio, and adjusting risk as you approach retirementDr. Annie Cole (Episode 1829) – The rise of “micro-retirement,” how to take intentional breaks without sabotaging your finances, and planning time off in a tough job market
1924: Best of So Money 2025: Money, Health, and Big Transitions in Midlife
42:12|In this Best of So Money 2025 episode, we revisit some of the most powerful conversations about managing money through midlife — a stage where financial decisions collide with health changes, caregiving responsibilities, relationship transitions, and neurodiversity. From menopause and medical advocacy, to rebuilding after divorce, to rethinking money with ADHD, to caring for aging parents, these excerpts offer practical guidance and reassurance for navigating one of the most complex (and consequential) phases of our financial lives.Featured Guest ExcerptsTamsen Fadal (Episode 1799) – Menopause, medical blind spots, ageism in healthcare, and how women can better advocate for their health and financial well-being during midlifeElizabeth Cronise McLaughlin (Episode 1835) – Rebuilding financially after divorce, confronting money trauma, paying down debt, and modeling financial confidence for childrenNicole Stanley (Episode 1841) – ADHD and money, late diagnosis in midlife, why traditional budgeting often fails neurodivergent brains, and building systems rooted in compassion and dopamineBeth Pinsker (Episode 1874) – Financial caregiving for aging parents, the critical importance of power of attorney, and how to avoid costly legal and banking roadblocks
1923: Ask Farnoosh: How to Get Financially Unstuck (Debt, Work, Retirement)
21:49|Ask Farnoosh tackles three timeless money crossroads: getting out from under high-interest credit card debt, taking a career break without losing financial footing, and deciding whether an early retirement package is a smart (and safe) next move. Questions Include: How to manage credit card debt at 30% interest? Consolidation options, reputable nonprofit credit counseling, negotiating APR, and a realistic payoff plan Burnt out breadwinner considering a 6-month break? Exploring a “middle path” (sabbatical/reduced hours), runway math, and navigating the fear of financial dependence Take an early retirement package? Evaluating the offer, retirement readiness checks, when to consult a planner, and why buyouts can signal future layoffs
1922: The Best of So Money 2025: AI, Money, Work, and What’s Next for Your Career
39:32|In this Best of So Money 2025 episode, we revisit the conversations that best captured how AI is reshaping our careers, how we learn, and how we protect our money. Workplace expert Dan Schawbel breaks down what employers really think about degrees in the age of automation, Pat Flynn shares a smarter way to build skills without overwhelm, cybersecurity founder Martha Underwood explains how AI is supercharging scams—and how to defend yourself right now. And last, Amanda Holden offers investing guidance amidst fears of an AI bubble bursting in 2026.Featured Guest ExcerptsDan Schawbel (Episode 1781) – The shifting ROI of college, the automation threat to entry-level work, and the skills employers say matter most nowPat Flynn (Episode 1838) – “Lean Learning,” the one-one-one strategy, and how to build confidence and clarity by serving one real person firstMartha Underwood (Episode 1883) – AI-powered fraud, voice cloning and spoofing, and practical steps to protect your identity (including family “safe words”)Amanda Holden (Episode 1915) – Investing in the age of AI hype, bubble anatomy, and what diversification really means when mega-cap tech dominates indexes
1921: The Best of So Money: Money, Feminism, and the Power to Choose
40:52|In this special Best of So Money 2025 episode, we revisit four of the year’s most powerful conversations at the intersection of money, feminism, and choice. From caregiving and career pauses to beauty standards, ambition, and the myth of “having it all,” these excerpts explore how women navigate systems that shape our financial lives—and how we reclaim power, agency, and options along the way.Featured Guest ExcerptsNeha Ruch (Episode 1774) – Reframing career pauses as The Power Pause and why caregiving chapters can be strategic, dignified, and financially intentionalKatie Gatti Tassin (Episode 1832) – The “Hot Girl Hamster Wheel,” the beauty tax, and how cultural pressure quietly drains women’s wealthAmina AlTai (Episode 1880) – The ambition penalty, broken systems at work, and how to shift from painful ambition to purposeful ambitionDr. Corinne Low (Episode 1919) – Rethinking “having it all,” using data to understand tradeoffs, timing, and women’s life satisfaction
1920: Ask Farnoosh: Tax on Bitcoin? How to Negotiate Workplace Benefits?
26:26|Join the So Money Members Club today and get your first two months FREE. Offer expires December 31.In this Ask Farnoosh episode, Farnoosh answers listener questions on the tax implications of receiving Bitcoin as a gift, including how cost basis and capital gains work when you sell, plus smart ways to negotiate benefits beyond salary at a small business, from retirement matches to bonuses and potential equity alternatives. She also offers guidance for PhDs entering a competitive job market, shares practical ways to invest in your health for long-term financial wellbeing, and explains when withdrawals from a whole life insurance policy may be taxable.
1919: What the Data Proves About Marriage, Motherhood, and Having It All - A Conversation with Wharton Professor Dr. Corinne Low
39:00|For decades, women were told that if they wanted equality, they needed to lean in harder. Work more. Organize better. Choose better partners. Be more efficient.And yet, here we are. More educated than ever. More present in the workforce than ever. And somehow… more exhausted.My guest today says this isn’t a contradiction. It’s a data point. Dr. Corinne Low is a Wharton professor and an economist. She is the author of the new book, Having it All: What Data Tells Us About Women’s Lives and Getting the Most Out of Yours. She has spent the last 15 years studying how women actually live — how we work, how we partner, how we parent, and how we divide time and labor inside our homes. And what her research shows is uncomfortable: while women’s careers have evolved dramatically, the structure of marriage and household labor has barely changed since the 1970s.In this conversation, Corinne walks us through the data behind why modern women are so tired, why the mental load remains stubbornly unequal, and why cooking, cleaning, caregiving, and the invisible work of running a household still fall disproportionately on women — regardless of who brings home the bigger paycheck.We talk about why “fair” isn’t always the right goal — and why sustainability, nourishment, and evidence-based decision making matter more. We dig into outsourcing, why women undervalue their time, and why we’re far more comfortable paying someone to change the oil than paying someone to make dinner.And then there’s Corinne’s personal story, one that the media turned into a headline, but rarely explained well. After divorcing a man, Corinne remarried a woman. And in doing so, she experienced something unexpected: when gender stopped silently organizing the household, equality no longer had to be negotiated; it could be designed.We talk candidly about what same-sex couples get right about partnership, what heterosexual couples can learn from that, and why true equality at home requires interrogating defaults — not just dividing tasks.We also get into the bigger questions women are asking right now: when to have children, how motherhood reshapes careers, why women still take the professional hit for caregiving, and how AI and economic change may actually make women’s labor more — not less — essential in the future.