1937: The January Financial Wrap: Lessons to Carry Us Into the Year

**This episode is a replay. It first aired on November 7, 2025.**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. Hosted on Acast. See acast.com/privacy for more information.

January always asks big questions of our money—and this one felt especially heavy. In this solo episode, Farnoosh takes a step back to reflect on what the first month of the year has revealed about our finances, our fears, and our priorities. From midlife money check-ins to the idea of “financial coasting,” this conversation is about being honest about where you are—not where you think you should be—and redefining progress as stability, maintenance, and intention.Farnoosh revisits standout moments from January’s most impactful conversations, including a full-circle interview with David Bach, whose Automatic Millionaire helped shape her own financial life, and a candid discussion with Jesse Mecham of You Need a Budget on why being “good at money” has far less to do with income and far more to do with clarity and calm. She also breaks down her recent conversation with college-planning expert Patricia Roberts on the true cost of college, the ROI question families are wrestling with, and how student debt can quietly shape a lifetime.The episode closes with a reflection on the emotional weight of the month and a call for accountability, drawing on recent remarks from Andrew Ross Sorkin about systems, responsibility, and leadership. Hosted on Acast. See acast.com/privacy for more information.

College today can easily cost six figures — even at public universities — and yet so many families still feel completely in the dark about how to prepare for it without sacrificing their own financial future.My guest today knows this stress intimately.Patricia Roberts grew up in a low-income household and nearly didn’t attend college at all. A guidance counselor once suggested she stick with her waitressing job instead. But she pushed forward, working multiple jobs, sending money home, earning not just one degree, but eventually a law degree. That education changed her family’s life… but it also came with over $100,000 in student loan debt that took two decades to repay.That lived experience is what fuels Patricia’s passion today. She’s spent more than 25 years working with 529 college savings plans — from helping launch some of the earliest plans at Citigroup to advising families and employers on how to use them smarter, earlier, and with far less fear.In this episode, we break down what 529 plans really are — and what they’re not. We tackle the biggest myths, from “What if my kid doesn’t go to college?” to “Will this hurt financial aid?” to “Is college even worth it anymore?” We also dig into major new changes that make 529s far more flexible than most people realize — including using them for trade schools, certifications, student loan repayment, K-12 expenses, and even rolling unused funds into a Roth IRA.More about Patricia: She is Chief Operating Officer of Gift of College, Inc., where she helps employers improve employees’ financial well-being by offering student loan repayment assistance and matching contributions to 529 college savings and ABLE (disability savings) accounts.Patricia is also the author of Route 529: A Parent’s Guide to Saving for College and Career Training with 529 Plans, a book she wrote with some extra time on her hands during the pandemic to help educate and inspire even more parents. Hosted on Acast. See acast.com/privacy for more information.

On this episode of Ask Farnoosh, we kick things off with a very real reminder that homeownership is never just the mortgage. A burst hose, unexpected water damage, and rising insurance premiums spark a broader conversation about the hidden and often underestimated costs of owning a home—and why even “fixed” housing expenses rarely stay fixed. From the mailbag: questions about navigating Parent PLUS loan arrangements while buying a home, how to invest after finally paying off student loans, and whether market uncertainty means it’s time to move money out of U.S. investments. Hosted on Acast. See acast.com/privacy for more information.

We are talking today about parenting boundaries, money, and what it really means to raise independent kids in a world that feels more expensive, more anxious, and more overwhelming than ever.My guest is Randi Crawford, a life coach known for her refreshingly no-nonsense approach to parenting teens and young adults, and for helping parents stop over-functioning so their kids can actually grow up. Randy works with families navigating everything from launching kids into college, first jobs, and post-grad life to adult children living at home, financial dependency, and the emotional minefield of comparison culture and social media at the same time.She's a powerful voice for women and midlife. Who are craving reinvention, balancing aging identity shifts, hormones, entrepreneurship, and the emotional labor that so many women carry quietly. What I love about Randy's work is that she brings so much clarity, humor, and compassion without sugarcoating things.Learn more at https://www.randicrawfordcoaching.com/ Hosted on Acast. See acast.com/privacy for more information.

If you’ve been scrolling listings at midnight, doing mental math on mortgage calculators, and wondering, “Wait…how is anyone actually buying a house right now?” you are not alone.My guest today is Alex Gailey, personal finance reporter at Bankrate, and she’s been digging into the numbers behind America’s housing affordability crisis. Her reporting found something jaw-dropping: the typical U.S. household can’t afford three-quarters of the homes currently on the market. In this conversation, we’re going to break down what’s driving the affordability squeeze — from the “lock-in effect” of homeowners clinging to 3% mortgages, to the widening gap between incomes and housing costs, to the new reality that many buyers are spending closer to 40%+ of their income just to make the monthly payment work.Alex also shares where in the country buyers still have a real shot, what she’s hearing from successful first-time buyers about the real keys to getting in (hint: flexibility, patience, and boundaries), and why renting can be a smart wealth-building move when buying would make you house-poor.Plus: we talk about the rise of unconventional paths to homeownership — buying with friends or family, “house hacking,” down payment help — and what all of this signals about the future of the American Dream, especially for millennials and Gen Z. Hosted on Acast. See acast.com/privacy for more information.

This week on Ask Farnoosh, we’re zooming out—on money, career, and life—and talking about the moments when endings, uncertainty, and discomfort can actually become powerful financial turning points.I start the episode reflecting on a popular “10-years-ago” trend and what my own life looked like in 2016—from a canceled CNBC show to pregnancy news that reframed everything. It’s a reminder that what feels like loss in the moment can open space for growth we couldn’t have planned.I also break down a few headlines that matter to your wallet, including what retail bankruptcies mean for consumers, why bank stocks took a hit this week, and how proposed credit-card interest rate caps could affect access to credit. Plus, a personal reflection on watching events unfold in Iran and how global news can be deeply personal—and financially relevant.Then we head into your questions:Cutting Housing Costs Without RegretA listener in Charleston is weighing a move to an older apartment that would save $600 a month. We talk through how to separate comfort from leverage, why reducing fixed expenses is one of the most powerful financial moves you can make, and how to decide if short-term discomfort is worth long-term freedom.What to Do With a 401(k) During a Career BreakA 45-year-old listener quits her job to return to school—tuition-free—and wants to know how to handle her $130,000 401(k) and explore socially responsible investing while she’s not working.Building Generosity Into a New BusinessAn entrepreneur asks a thoughtful question: how do you give back without putting your business at risk—especially in year one? We talk about time-boxing generosity, avoiding revenue-based giving too early, and why mission-driven work still needs financial guardrails.Stay-at-Home Parenting vs. Financial IndependenceA listener at the brink of six-figure earnings is considering stepping out of the workforce to stay home with her toddler. I share the financial tradeoffs, long-term earning implications, and why this decision is deeply personal—but worth examining through both emotional and economic lenses. Hosted on Acast. See acast.com/privacy for more information.

Today we’re talking about the future. Not just retirement as a number on a spreadsheet, but retirement as a real phase of life—one that we’re all heading toward, whether we’re just opening our first 401(k) or already counting down the years.My guest is someone I’ve turned to for guidance for decades. Christine Benz is the Director of Personal Finance and Retirement Planning at Morningstar, and if you’ve ever read a smart, clear-headed piece about investing, portfolio strategy, or retirement readiness, chances are her work shaped it.Christine has helped millions of investors make sense of their money at every stage of life—but especially at the moment when the stakes feel highest: figuring out how to turn what you’ve saved into a sustainable, meaningful retirement. She’s also the author of How to Retire, a deeply practical and human guide that goes far beyond the math to tackle the emotional, lifestyle, and health realities of aging.In this conversation, we’re digging into what retirement planning looks like right now: after a long market run, amid persistent inflation concerns, longer lifespans, and big questions around Social Security, healthcare, and caregiving. We talk about safe withdrawal rates, de-risking portfolios, how women need to plan differently, and why flexibility—not perfection—is the real secret to retiring well. Hosted on Acast. See acast.com/privacy for more information.

Today’s guest is a true blast from the past — and one of the most enduring voices in personal finance.Jesse Mecham is the founder of You Need a Budget, better known as YNAB. Jesse was last on So Money more than a decade ago — and since then, his little budgeting spreadsheet has grown into a global movement that’s now more than 20 years old.In an industry where budgeting apps come and go — Mint, anyone? — YNAB has quietly endured. Not by promising shortcuts or get-rich-quick hacks, but by doing something far more radical: teaching people how to actually be good with money.And not “good” as in million-dollar net worths or retiring at 35 — but good as in sleeping better at night. Not worrying about every expense. Feeling in control. Feeling aligned.That’s why I wanted to kick off 2026 with Jesse.In this conversation, we revisit the philosophy behind YNAB, including the four rules that have helped millions of people escape paycheck-to-paycheck living. We talk about why getting to zero — not riches — is often the most important milestone in someone’s financial life. We explore what Jesse has learned after two decades of watching how people really behave with money. And we dig into what’s changed — and what absolutely hasn’t — about budgeting in a world of higher costs, financial anxiety, automation, and now AI. Hosted on Acast. See acast.com/privacy for more information.

January doesn’t have to start with a financial overhaul. In this special Ask Farnoosh episode, Farnoosh shares why easing into the new year, rather than rushing to reset everything, can lead to better money decisions.She reflects on how she’s approaching 2026, what typically happens in the markets at the beginning of the year, and why January is a powerful time to slow down, learn, and reconnect with what matters most. From there, Farnoosh breaks down the week’s biggest money stories, including shifting grocery prices, growing anxiety in the housing market, canceled home purchase deals, the return of student loan wage garnishment, and new data suggesting homeownership may feel out of reach for more Americans.The episode also highlights two recent conversations on So Money — with David Bach on building wealth through simple, consistent habits, and with Terri Trespicio on the importance of writing as a practical career skill.Listeners then get answers to thoughtful questions about opening a new credit card after securing a HELOC, what it really means when entrepreneurs say they “didn’t pay themselves,” how HSAs work after enrolling in Medicare, and where to safely keep a $20,000 gift intended for a future home purchase. Hosted on Acast. See acast.com/privacy for more information.