1809: Ask Farnoosh: Prepping Your Finances for Tariffs and Managing Recession Risks
So Money with Farnoosh Torabi
Farnoosh Torabi
4.7 • 1.9K Ratings
🗓️ 4 April 2025
⏱️ 34 minutes
🧾️ Download transcript
Summary
In this week’s Ask Farnoosh, we’re diving into the ripple effects of the latest tariff threats and what they could mean for your wallet — from rising prices on everyday goods to the broader risk of a recession. Farnoosh explains what’s happening, why it matters, and how to protect your finances now.
Plus, answers to your questions, including:
- Is it wise to switch jobs right now, given the shaky labor market?
- How can I invest in supporting both myself and my aging parents in the long term?
- And how do I go about divesting a sibling from a co-owned property?
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Transcript
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| 0:00.0 | Hello Blue Skies. Hello moving onwards and upwards. Hello, taking control of your money. Say hello to tax-free investing. Open a Stocks and Shares ICER and act by the 5th of April to get 100 to 3,000 pounds cash back. Cargreaves lands down. Hello Life. Register and add or transfer £10,000 plus. You may get back |
| 0:24.5 | less than you invest and tax benefits vary. For terms and conditions, see hl.co.uk. |
| 0:28.6 | UK forward slash ISA. At BP, we've reset our strategy to grow value for shareholders, growing |
| 0:36.5 | upstream, focusing downstream, playing to our strengths, and disciplined investment |
| 0:42.2 | in the transition. |
| 0:44.4 | This is a reset BP. |
| 0:47.2 | Find out more at BP.com forward slash reset. |
| 0:51.4 | Transition activities such as EV charging, bioenergy, and renewables are a much smaller |
| 0:56.7 | for key part of our business. So Money episode 1809 Ask Farnoosh. You're listening to So Money |
| 1:08.8 | with award-winning money guru Farnush Karabi. |
| 1:12.0 | Each day, get a 30-minute dose of financial inspiration from the world's top business minds, authors, influencers, and from Farnoose yourself. |
| 1:21.2 | Looking for ways to save on gas or double your double coupons? |
| 1:25.0 | Sorry, you're in the wrong place. |
| 1:27.3 | Seeking profound ways to live a richer, happier life. |
| 1:30.7 | Welcome to So Money. |
| 1:33.5 | Hey, everybody. |
| 1:34.6 | Welcome to So Money. |
| 1:35.7 | It is Ask Farnush Friday. |
| 1:37.4 | I'm Farnished Tarabi. |
| 1:38.8 | Thanks for joining me for what I think is one of the most important conversations we're |
| 1:43.6 | going to have in a while. |
| 1:44.8 | I'm recording this on Thursday, April 3rd. |
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