1720: Calculating Financial Freedom and Merits of a ‘Simple’ Life

How does this week's interest rate cut impact our investments, debt and savings? Is it a bad idea to open a mortgage in your mid 40s and potentially carry the debt into retirement? Georgia Lee Hussey, financial advisor and founder of Modernist Financial joins with advice and surprising insights.

A new study reveals that more people want to quit their jobs now than during the Great Resignation. Whether it’s to find better-paying work to address the rising cost of living, or simply to leave their company or industry and start fresh on a professional path they actually enjoy, the big question remains: Will they quit?Our guest today is helping people overcome that hurdle.Goli Kalkhoran is a Master-Certified Life Coach and former attorney who helps unfulfilled professionals create a career (and life) they truly enjoy. She’s the host of the Lessons from a Quitter podcast, where she de-stigmatizes quitting and offers resources and inspiration for individuals looking to pivot in their established careers.In this episode, we discuss:Why our culture is so afraid of quittingHow to afford quitting — both financially and energeticallyGoli’s own journey of quitting her law career and the many pivots that followed.

Would you buy real estate with friends? Kristina Modares is the founder of Open House Education, a vibrant community dedicated to women who are passionate about innovative real estate strategies and collaborative ventures. We explore the unique practice of co-buying real estate with friends or family members, including Kristina's own experiences. She shares some of the major pitfalls—such as friendships potentially souring or financial disagreements arising—and emphasizes the need for detailed agreements to protect everyone involved.

This week, listeners want to know: how to manage health care and 401(k) investing after a layoff, the best cadence for investing (weekly or lump sum?) and how can couples with income differences manage money equitably? Learn more about the So Money Members Club here.

We are diving deep into the world of wealth, class, and privilege with Sanibel, author of the forthcoming novel To Have and Have More and an expert on the subtle—and not-so-subtle—ways the ultra-wealthy wield their status. If you've ever been curious about the behaviors and dynamics that go beyond “quiet luxury” or the “nepo baby” conversation, you'll enjoy this conversation. Sanibel breaks down concepts like stealth privilege, coattail riders, and what she calls the rich person’s “cheat code.” We’ll also unpack the history of our cultural obsession with wealth in the U.S., why some believe wealth is a poison to our culture and explore why being "too rich" might just make you less empathetic.More about Sanibel: She is a writer based in NYC. She grew up in Princeton, NJ and studied Classics at the University of Pennsylvania before getting her MFA at The New School. Her essays appear in New York, Air Mail, ELLE, and Lit Hub. You can follow Sanibel on TikTok and Instagram.

Guest George Kinder is a renowned figure in the world of financial life planning, often referred to as the father of the life planning movement. His approach, which places individual freedom at the forefront, has inspired countless people to rethink their relationship with money. He joins to discuss his new book, The Three Domains of Freedom and ways we can create financial freedom during a time of unprecedented uncertainty and instability.

NEW Ask Farnoosh episode. Questions regarding adding children to your business payroll, enrolling in a 529 plan when college is just a few years away (good idea?) and how to manage a 401(k) that's being discontinued at work? Join the So Money Members Club.

How to secure a new job in a slower hiring market? Job openings dropped in July for the second consecutive month to an estimated 7.67 million. There are now nearly 1.1 jobs available for every person looking for one - the narrowest ratio in more than three years.Guest CATHERINE FISHER is LinkedIn’s Career Expert and Vice President of Integrated Consumer Communications, with over 20 years of experience. In our conversation, Catherine will walk us thorugh how to effectively land your next job. How to leverage your netowrk porpoerly and use LinkedIn to identify new opportunities. We'll also explore how young professionals are becoming more disengaged at work in what’s being called "The Great Detachment," Also: why AI literacy is crucial, and how to balance it with essential people skills to thrive in an increasingly automated world. More about Catherine: She leads LinkedIn's consumer communications strategy and shares career insights through platforms like TODAY, Good Morning America, and CBS Mornings. Catherine is also the creator of the popular LinkedIn newsletter Career Companion.

In conversation with Allure Magazine Editor-in-Chief Jessica Cruel, who is not only a beauty expert, but is passionate about personal finance. She shares her adventures in homeownership and investing and offers listeners her top beauty buys at the drugstore.More about Jessica Cruel: As the editor-in-chief of Allure, she leads the development of multi-platform editorial content for digital, social, and video platforms, including the Readers’ Choice Awards and Best of Beauty Awards franchises. Cruel joined Allure in 2019 before becoming EIC in 2021. That same year, Cruel spearheaded The Melanin Edit, a new Allure platform exploring all things relating to Black beauty and wellness. Before joining Allure, Jessica also held editorial roles at Refinery29, SELF, and Popsugar. This episode originally aired on January 8, 2024.

Today’s show is about managing and making the most of an inheritance and other windfalls. The Great Wealth Transfer is unfolding, with a record number of assets passed down from generation to generation. Members of our audience have specific questions about this, and to help answer our questions, we have Pam Krueger, who is the founder of Wealthramp, a platform that matches you with qualified, pre-vetted, fee-only financial advisors that fit your priorities and preferences. Visit Wealthramp.com/farnoosh to learn more. Also joining is Marienela Collado, CFP and CPA for Tobias Financial Advisors.This episode aired originally on July 12, 2024.