890: Ask Farnoosh: How to save up quickly for a summer vacation?

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 24 May 2019

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Heading into Memorial Day weekend with some financial questions? Farnoosh has answers. Listeners want to know: "Should I go on an unpaid leave to complete a CFP program?""What are the best things that 21 year olds should be doing to set themselves up for success financially?""Is a high interest rate bank account like 2.35% worth it if you're going to get taxed on it?""How do I pace my startup with little funds and not wanting to borrow?""Is podcasting really making you money?"To send Farnoosh a question, click on Ask Farnoosh here or send her a direct message on Instagram @FarnooshTorabi. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So Money episode 890, Ask Farnush.
0:03.3	You're listening to So Money, with award-winning
0:07.3	Money Guru Farnush Karabi.
0:09.4	Each day get a 30 minute dose of financial inspiration from the world's top business minds, authors, influencers, and from Farnus yourself.
0:18.0	Looking for ways to save on gas or double your double coupons?
0:22.0	Sorry, you're in the wrong place. on gas or double your double coupons?
0:22.6	Sorry, you're in the wrong place.
0:24.6	Seeking profound ways to live a richer, happier life.
0:28.1	Welcome to So Money, everybody. It's Asparnoosh Friday, and some of you might be on the road, hopefully
0:37.3	hit it out for a fun Memorial Day weekend. We don't have a ton of plans ourselves this weekend.
0:44.6	My husband is going to a college reunion.
0:46.8	I'm home with the kids, hoping for good weather,
0:49.7	and some well-behaved children. You know, that's a pretty good combo in my life these days.
0:56.2	Son and, you know, kids who follow the rules, follow directions.
1:00.4	It's usually either or or none of the above to be totally honest if anyone has
1:05.8	advice for me please send help. All right so I'm just gonna cut to the
1:11.4	questions today because we have a lot and I did something that I sometimes do which is go on Instagram and in my stories just say hey send me your questions.
1:23.0	I'm going to be recording soon.
1:24.4	So let's get really current with your financial needs
1:29.2	and you guys delivered.
1:31.4	So I'm just going to go down the list and hopefully hit as many questions as possible. There were about a dozen, but I don't know. Usually we get to only about five or six. I do want to address this first question.
1:43.0	Amin wants to know, are there any situations where diversifying investments is not recommended?
	...

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