So Money - Episode 105

Ask Farnoosh

Farnoosh Torabi

— To stream the interview click here.

— To download the mp3 right click here and choose “save as”

In today’s Ask Farnoosh episode…


I´m 36, recently came back from abroad, a not yet working husband (he´s waiting for his visa), no children for the moment but planning to have one soon, my annual income is 100k, I don´t have any debt, just started a roth IRA and contributing to my roth 401 at maximum, 5% matched by my employer, I want to buy a house or condo in the near future and would like to make some investments.  I have some savings, around 30k in USD and EUR (in Europe), I don´t disregard to go abroad in the future due to my work, where do I start?!!


Hi Farnoosh! I love your podcast–thank you so much for sharing such valuable information with us, and for making it fun! I am a grad student and working part-time. I am working to increase my income and get my finances in order before I graduate next winter and have to start on loan payments. Do you know of any in-person classes or financial support groups for young people in NYC? I’ve been doing a lot of reading, etc. on my own, but I think the next step would to find a community of like-minded individuals, for both additional motivation and accountability. Any suggestions? Thanks!!


Hi Farnoosh!
<3 your show!  Listening to it has become somewhat of a habit. I started late with ret. savings (freelanced most of my life, & didn’t  know much about options I had) so I’m trying to make up for lost time now by contributing 25% of every paycheck (trying to max it) , & also fully funding a Roth IRA. But, 401k = no matching. Should I still keep hard at it, esp. since it does lower my taxable income, or if investing elsewhere on my own would be a better opt. Would love to hear your thoughts on it. Also would love to hear more on retirement for self-employee as a episode topic. thanks!!


I’m a 20 year-old college student, looking for ways to invest early. I am already setting myself up for great income upon graduation, but am wondering what I can do right now to grow my wealth. I have about $2,000 of unneeded savings sitting in a Money Market account at my bank, but want to be more aggressive. Also, do you have any tips for how to hit the ground running on wealth once I have a consistent salary? Thanks!


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