1797: Ask Farnoosh: Navigating Financial Uncertainty: Tariffs, Recession Fears, and Smart Money Moves
So Money with Farnoosh Torabi
Farnoosh Torabi
4.7 • 1.9K Ratings
🗓️ 7 March 2025
⏱️ 34 minutes
🧾️ Download transcript
Summary
Farnoosh Torabi welcomes back Georgia Lee Hussey, founder of Modernist Financial, to discuss a range of financial topics amid current political and economic uncertainties. They examine President Trump's tariff proposals and the theory that they might be engineered to induce a recession for lower interest rates. The conversation extends to the importance of vigilance in financial contracts and professional services amid deregulation efforts. Georgia advises on maintaining financial stability by using credit unions and thoughtful money management. Listener questions cover housing arrangements with partners, Health Savings Accounts (HSAs), and the significance of ancestral wisdom in financial decision-making. The episode emphasizes strategic financial planning, resourcefulness, and the potential benefits of credit unions and diversified investments.
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Transcript
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| 0:00.0 | So Money, episode 1797, Ask Farnush. |
| 0:04.6 | You're listening to So Money with award-winning money guru Farnoose Torabi. |
| 0:09.5 | Each day, get a 30-minute dose of financial inspiration from the world's top business minds, |
| 0:14.7 | authors, influencers, and from Farnoose yourself. |
| 0:18.8 | Looking for ways to save on gas or double your double coupons? |
| 0:22.5 | Sorry. |
| 0:23.3 | You're in the wrong place. |
| 0:24.8 | Seeking profound ways to live a richer, happier life. |
| 0:28.1 | Welcome to So Money. |
| 0:31.0 | Welcome to So Money, everybody. |
| 0:32.6 | I'm Farnoose Tarabi. |
| 0:33.7 | It is Friday, March 6, 2025. |
| 0:36.4 | So much to discuss today. What a week. It's been a roller |
| 0:40.3 | coaster of a ride. If you've been watching the news coming out of the White House, you've been watching |
| 0:45.0 | the stock market. So today I'm bringing on my trusted friend, George Lee Hussey, who's the |
| 0:50.5 | founder of modernist financial wealth manager to help us make some sense because it's |
| 0:56.0 | not making sense, right? And a lot of us are concerned about our retirement accounts. We're |
| 1:01.1 | concerned about our jobs. And Georgia, as always, brings fresh perspective and insights that |
| 1:07.4 | show us what we should really be caring about, what we should really be paying attention to right now. So hang tight for Georgia. To give you a sneak preview of what's to come |
| 1:14.8 | later in the show, what you've been asking me this week. We have listener questions that have to do |
| 1:20.0 | with health savings accounts, how to maximize an HSA. Are they always worth it? How to co-mingle |
| 1:26.3 | your finances or not when you're dating someone and you're |
... |
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