Understanding Your Finances Is True Self-Care With Farnoosh Torabi of the So Money Podcast
“Knowing about your money is the ultimate form of self care.”
— Farnoosh Torabi
I’m so excited about my guest for this episode! Farnoosh Torabi is a leading personal finance authority and the author of three books on personal finance and mindset.
Her latest book, When She Makes More: 10 Rules for Breadwinning Women, is about the new rules for love and life, and gives top-earning women the strategies, tools, and mindset to really be empowered in the role and stop it from getting in the way of their relationships.
More women than ever find themselves in the position of being the higher earner in their relationship.
Unfortunately, social beliefs about women and money haven’t caught up to this reality.
A 2020 UBS survey of over 1800 married couples found that OVER HALF of the women still let male spouses handle all long-term financial and investment decisions, and a recent Pew study found that many still believe that the breadwinner should be a man’s role.
While we want and expect gender equality in society, there’s still a huge gap between our progressive values and our outdated social conditioning!
In this episode, you’ll discover:
- How and when we are conditioned to believe that women are “bad with money” — and the consequences of this belief
- How to raise children who are comfortable dealing with money
- Farnoosh’s advice for women who defer to their spouses regarding financial decisions
About Farnoosh Torabi
Farnoosh is a leading personal finance authority and the author of three books on personal finance and mindset. She has made multiple television appearances and written for top magazines including Glamour and Marie Claire. She is a contributing editor for O, The Oprah Magazine and creator of the award-winning So Money podcast.
Highlights:
01:59 Meet Farnoosh Torabi & Pays to Podcast
04:47 When She Makes More book
07:34 The she-cession
10:26 Superwomen & support
11:48 Stay-at-home parent pay
14:27 2020 UBS report
17:03 Mindset issues & consequences
18:49 Reality check & solutions
20:21 Farnoosh’s childhood
23:59 Date-onomics
26:40 Pride & motivation
28:30 Dinner table money talk
31:00 Advice for partnered women
36:38 Takeaway
Links:
Farnoosh Torabi
Twitter: @farnoosh
Instagram: @farnooshtorabi
So Money podcast
Books
2020 UBS Own Your Worth report
https://advisors.ubs.com/fwmgsarasota/mediahandler/media/323256/own-your-worth-report-2020.pdf
Date-onomics: How Dating Became a Lopsided Numbers Game by Jon Birger
The 5-Step Roadmap to Biz Finance Freedom
https://melissa-houston-cpa-cga.mykajabi.com/5-step-roadmap-to-biz-finance-freedom
Work with me
https://www.melissahoustoncpa.com/work-with-me
Want more tips and inspiration? Follow me on Twitter @melissahcpa and Pinterest @melissahoustoncpacga and visit my website: https://www.melissahoustoncpa.com.