{"podcast":{"title":"So Money with Farnoosh Torabi","slug":"so-money-with-farnoosh-torabi-201423","podcast_index_feed_id":201423,"rss_url":"https://feeds.acast.com/public/shows/65675c71c3ca8a0012804645","website_url":"http://somoneypodcast.com","image_url":"https://assets.pippa.io/shows/65675c71c3ca8a0012804645/show-cover.jpg","author":"Farnoosh Torabi","episode_count":2041,"summary":"*** Named a Best Podcast By The New York Times, Time Magazine, Real Simple and MSNBC *** Host Farnoosh Torabi is an award-winning financial strategist, TV host and bestselling author. With over 40 million downloads and multiple Webby wins, So Money is dedicated to sharing inspiring money strategies and stories straight from today's financial leaders, bestselling authors and entrepreneurs. One day, hear an intimate money conversation with industry greats like Queen Latifah, Barbara Corcoran or Margaret Cho. Another day learn the basics of cryptocurrency and its impact on our wallets. On Fridays, tune in as Farnoosh answers our most pressing financial questions about saving, investing and building wealth. Advice and insights always delivered through a lens of equity, inclusivity and the changing world we live in. Want more? Join the So Money Members Club at SoMoneyMembers.com. Hosted on Acast. See acast.com/privacy for more information.","last_synced_at":"2026-07-28T06:22:15.395240+00:00","page_url":"https://stenobird.com/podcast/so-money-with-farnoosh-torabi-201423"},"episode":{"title":"2013: Ask Farnoosh: Raising Wealthy Kids, Rethinking Retirement & A $700K Inheritance","slug":"2013-ask-farnoosh-raising-wealthy-kids-rethinking-retirement-a-700k-inheritance","published_at":"2026-07-24T19:25:34+00:00","page_url":"https://stenobird.com/podcast/so-money-with-farnoosh-torabi-201423/2013-ask-farnoosh-raising-wealthy-kids-rethinking-retirement-a-700k-inheritance","show_page_url":"https://stenobird.com/podcast/so-money-with-farnoosh-torabi-201423","url":"https://shows.acast.com/so-money-with-farnoosh-torabi-1/episodes/2013-ask-farnoosh-raising-wealthy-kids-rethinking-retirement","audio_url":"https://sphinx.acast.com/p/open/s/65675c71c3ca8a0012804645/e/6a63b446a51cbd54e264fd2f/media.mp3?tk=eyJ0ayI6ImRlZmF1bHQiLCJhZHMiOnRydWUsInNwb25zIjp0cnVlLCJzdGF0dXMiOiJwdWJsaWMifQ==&sig=L6pH0SpT8L7wliQ2X-HTPaMuH8jxey_doabzN0Fc3oM","summary":"This week on Ask Farnoosh, I'm reflecting on a memorable visit to the Today Show with my daughter, Colette, and how exposing kids to new experiences can shape their futures. That conversation leads into one of the smartest long-term wealth-building strategies available to parents: putting your child on payroll—legitimately—and using earned income to fund a Roth IRA. I also unpack fascinating new research linking chronic financial hardship to long-term brain health, discuss Senator Andy Kim's proposed Healthy Kids Act , explore why modern baby registries are shifting from \"stuff\" to services, and share lessons from a Washington Post column on what people consistently misunderstand about retirement. Then, in this week's listener question, I help a family navigate an emotionally complicated financial crossroads: a potential $500,000–$800,000 inheritance, a home renovation, IVF, a recent layoff, and the challenge of deciding which priorities deserve the biggest investment. Together, we explore why the most valuable outcome isn't simply growing wealth—it's creating more choices. Referenced: Senator Andy Kim on So Money. Learn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open! Hosted on Acast. See acast.com/privacy for more information.","meta_description":"This week on Ask Farnoosh, I'm reflecting on a memorable visit to the Today Show with my daughter, Colette, and how exposing kids to new experiences can s…","key_points":[],"chapters":[],"topics":[],"duration_seconds":1954,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/so-money-with-farnoosh-torabi-201423/episodes/2013-ask-farnoosh-raising-wealthy-kids-rethinking-retirement-a-700k-inheritance/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/so-money-with-farnoosh-torabi-201423/2013-ask-farnoosh-raising-wealthy-kids-rethinking-retirement-a-700k-inheritance.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}