On today’s show, we have a truly inspiring story to share. Leo and Faith were about to get married when they attended pre-marital counseling at their church. It was then that they were encouraged to sit down and get honest about the finances and their goals as they started a family together. In total, they carried over $211,000 worth of debt — a combination of both student loans and credit card debt.
Rather than give up, they rallied and made a plan to aggressively tackle their debt in the summer of 2017. Faith, a nurse practitioner, took on a part-time job working overnight 5 or 6 days a week. Leo, an occupational therapist, also worked a part-time job in addition to his 9 to 5.
In a little over a year, they successfully paid down $100,000.
**This episode originally aired June 13, 2018**
Ep. 171 — “So Money” Podcast Host Farnoosh Torabi on How She Juggles Family and Her Financial Empire
We’re thrilled to FINALLY welcome Farnoosh Torabi to the show. She’s the brilliant mind and cohost behind the So Money Podcast, author of several books on financial empowerment books and a forever entrepreneur who’s launching a new venture this spring (and, oh yeah — a mom of two!).
That new venture is called Stacks House, a “pop-up with a purpose” that seeks to empower women to take their finances by the horns and start building wealth.
Farnoosh gets real about how motherhood helped her double her income as an entrepreneur and how she manages the daily grind of work and raising two kids under the age of five.
As mentioned on the show, check out Farnoosh’s recent column on Refinery29: “This Is The Secret To Being A Successful Working Mom”.
Note to listeners: We had a slight issue with our audio this week, so apologies in advance for one or two small areas where you’ll hear an echo.
Happy Brown Ambition Wednesday…and welcome back Tiffany!
Today’s show is brought to you by Hello Fresh. For $80 off your first month of delicious HelloFresh meal kits, go to HelloFresh.com/brownambition80 and enter promo code BROWNAMBITION80.
On today’s show, we cover:
-The repercussions of cosigning for a friend’s student loan (or any loan for that matter)
-Why using your extra cash to pay down your mortgage might not be the best idea, contrary to belief.
-The worst things you can do during a job interview
We have a very special show for you today! We are joined by the incomparable Lynnette Khalfani-Cox, who has made it her mission to financially educate and empower the masses ever since launching her personal finance coaching business in 2003.
On today’s show, Lynnette gets candid about building a business about her husband, raising three kids student debt-free, and making her dreams a reality — to create multi-generational wealth that offers her children and their children a boost she didn’t have.
“I’m trying to literally invest in my kids themselves. I’m trying to give them a leg up and do so in a way where not only am I telling them I have a great deal of faith and confidence in them, I’m laying out expectations as well,” she told us in our conversation this week.