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138: Financial Blunders to Financial Buff: How Farnoosh Torabi's Money History Grew Her Career

138: Financial Blunders to Financial Buff: How Farnoosh Torabi's Money History Grew Her Career

FromBiggerPockets Money Podcast


138: Financial Blunders to Financial Buff: How Farnoosh Torabi's Money History Grew Her Career

FromBiggerPockets Money Podcast

ratings:
Length:
81 minutes
Released:
Aug 17, 2020
Format:
Podcast episode

Description

Farnoosh Torabi grew up talking about money. Her parents are from the Middle East, and in her culture, they “never miss a moment to talk about money.”As the go-to girl for finance advice among her friends, imagine her surprise when she sat down and looked at her financial situation to discover tens of thousands of dollars in credit card debt! Farnoosh realized that paying for everything with a card, then paying the minimum balances didn’t lead to debt free life.Not wanting to continue a life of debt - mainly so she wouldn’t have to tell her mom - she hustled during school. Taking class notes and selling them on her school’s notes system, babysitting, bird sitting, anything that would generate income so she could throw money at her debt and pay it off.Graduation took her to New York City and a stroke of luck found her a shared apartment with a married couple for $500 a month. Definitely less than she could find on her own. She started off making very little, and strategically increased her income to offset the fact that she “isn’t a good saver.”Farnoosh has parlayed her own financial knowledge into a career teaching others how to manage their own finances. From books, to podcasts, to television, Farnoosh is everywhere, educating this oh-so-important skill so that others can work toward their own financial freedom.In This Episode We Cover:Farnoosh's journey with moneyWhere she learned about moneyTalking about her money behaviourHow she got rid of her debtHer approach on accumulating her assetsHow real estate helped herHer advice on people who are in a relationshipThe leading cause of a divorceThe right time for people who are just starting to date to talk about moneyWhat her asset allocation looks likeAnd SO much more!Links from the ShowBiggerPockets Money Facebook GroupFinConNextAdvisor with TIME | Smart Money MovesBiggerPockets Money Podcast 119BiggerPockets ForumsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Aug 17, 2020
Format:
Podcast episode

Titles in the series (100)

For those who have money… or want more of it! Join Mindy Jensen and Scott Trench (from BiggerPockets.com) weekly for the BiggerPockets Money Podcast. Each week, financial experts Mindy and Scott interview unique and powerful thought leaders about how to earn more, keep more, spend smarter, and grow wealth.