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So Money with Farnoosh Torabi
736: Danielle Town, Author of Invested
Today’s guest is Danielle Town, a New York Times best selling author as of two months ago! The funny thing is Danielle’s best selling book is about investing, a topic she admits she actively avoided her entire life. Her father, Phil Town, is a highly sought after speaker about investing and a New York Times best selling author in his own right. He wrote the book, “Rule #1,” years ago which made him a household name in the world of investing
The interesting part is that Danielle was raised by one of America’s leading financial experts. But, it took her until adulthood to really want to master her finances and it’s when she realized that her Dad might have something important after all.
Today we’ll be discussing her new book, Invested: How Warren Buffett and Charlie Munger Taught Me to Master My Mind, My Emotions, and My Money (with a Little Help from My Dad).
A lot of you have been asking my recommendations for great books on investing. This is one of the newest and best to hit the market.
Danielle and I explore her childhood. What was it about the friction between she and her dad that led to her avoidance of learning about investing? And what is she investing in now? It’s just ONE stock, I was shocked to learn. For more, check out www.somoneypodcast.com
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1711: Kids and Money Week: Teaching Young Ones About Saving and Budgets
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28:59|Addressing a family financial pain point across America: How to spend less on food and meals. Our guest Mandy Klentz is the creator of Plandy Mandy Meal Plans and has a popular Instagram where she shares free food shopping and planning tips. On the show: How to save time on meal planning and prepare easy meals all week. Plus: insights into how Mandy has built a successful business around meal planning advice. Shop Mandy's free meal plans on Etsy.1708: LLC versus S-Corp: Which One Is Right For You? (Encore)
34:38|Today’s show covers the ins and outs of LLCs and S-Corps and how to determine which one (or both) is best for structuring your business. The guest is Hannah Cole, creator of Sunlight Tax. You can visit Sunlight Tax for resources mentioned in today’s episode. (This episode aired originally on May 13, 2024) Check out Hannah's free LLC mini-course.1707: Ask Farnoosh: Pre-Nups and Switching Up Finances in Your Marriage
30:23|This week: A recap of the stock market's volatile run, navigating pre-nups with your beloved, inheriting money when you don't really *need* it, and advice for how to adjust the financial arrangements in your marriage.Enter to win a free signed copy of A Healthy State of Panic.Sign up for Farnoosh's weekly newsletter.Join the So Money Members Club.Check out our recent episode on inheritances. BOOK GIVEAWAYhttps://www.instagram.com/reel/C-YEjjQJzvZ/?utm_source=ig_web_copy_linkALL-THINGS INHERITANCES1706: Your Financial Action Plan With Tiffany "The Budgetnista" Aliche
33:36|Tiffany “The Budgetnista” Aliche, is back again with important financial advice, as we navigate life's uncertainties. How do we get financially creative to solve current economic challenges? What's the best way to prepare kids for managing an inheritance? What are some items we tend to overlook when estate planning?Tiffany's latest financial tool is a new workbook called Made Whole: The Practical Guide to Reaching Your Financial Goals, which offers a practical approach to transforming financial dreams into reality. This episode aired originally on November 20, 2023.1705: Build Financial Confidence and Reclaim Your Financial Mindset with NYT Bestseller Kara Loewentheil
30:53|New York Times bestselling author of Take Back Your Brain, Kara Loewentheil, unveils her proven strategies for closing the “brain gap,” and how women can reclaim their financial confidence in a patriarchal society.1704: Ask Farnoosh: Real Estate Investing, Money & Marriage (Encore)
28:22|This week from the mailbag: Thoughts on playing the lottery, investing in real estate syndication, selling a home you inherited, and how much financial transparency is necessary in a marriage? Referenced on the episode: Interview with co-founders of GoodEgg Investment. (This episode aired originally on March 22, 2024)Read the Amazon scam article in The Cut | Download Farnoosh's cribsheet for When She Makes More1703: Balancing Act: Fintech Exec Alyssa Schaefer on Career, Family, and Financial Innovation
26:26|I know some might be looking for a "man in finance," as the viral TikTok goes, but I wanted to find a woman in finance and learn about her rise to the top and how she’s balancing the demands of work and her personal life. Alyssa Schaefer is the General Manager and Chief Experience Officer at Laurel Road, a digital banking platform, where Alyssa oversees all aspects of the business, including Marketing, Operations, Risk, and P&L Management. Before Laurel Road, Alyssa held several leadership positions in the financial services industry. She's also a mom of twin toddlers. In our convo, Alyssa shares the best career advice she's received, the benefits of being a generalist in her profession, and how Laurel Road services many borrowers in the medical and healthcare fields.