← So Money with Farnoosh Torabi
So Money with Farnoosh Torabi
1863: Ask Farnoosh: The Cost of Moving Investments, Single Bank Risks, Good Accountants and "Feminine" Dating Advice?
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- [00:00]
Farnoosh Torabi
Hi, it's Farnoosh. Are you building a personal brand or business and craving real behind the scenes support? I'm reopening my intimate mentorship program, Farnoosh bts and applications are officially open. It's my four month mentorship program to help fast track your success. You'll learn all my strategies across all the different verticals from podcasting to writing books and I'll connect you with very important people in my life. Applications are available at varnushbts. Com. I look forward to helping you Foreign.
- [00:34]
Montclair Pod Announcer
This episode of the Montclair Pod is brought to you by Montclair Film, our town's hub for film storytelling and community connection. From thought provoking indie screenings and Q&As with acclaimed filmmakers to improv nights, live performances and classes in filmmaking, screenwriting and much more, Montclair Film offers something for everyone who loves the power of a story. It's also home to one of the country's premier film festivals each fall drawing audiences and talent from around the world. Right here to Montclair. Want to see what's playing or sign up for a class? Visit montclairfilm.org for the full calendar of events and ways to get involved. Now on with the show.
- [01:17]
Farnoosh Torabi
Hey so Money friends, I know many of you are thinking about starting your own business or you're already in the trenches making smart, strategic money moves. And if that's you, I want to personally recommend a podcast that can seriously help you get to that next level. This is Small Business what I love about this new season is how real it gets about something we talk about a lot here. Risk Every episode shares honest stories from founders who faced tough financial decisions, taken bold but calculated risks, and made it through the highs and lows of building a business. Host Andrea Marquez breaks it all down in a way that's actionable and relatable. You'll hear exactly how these entrepreneurs tackled things like funding, pricing, and know knowing when it's worth betting on yourself. If you're looking for real, practical insights that can help you move forward with clarity and confidence, this podcast is it. Follow and listen to this Is Small Business now on Apple Podcasts, Spotify, or wherever you get your podcasts, don't wait to start making smarter money moves today. Lately, I've been turning to quince for just about everything. Clothes for me, pieces for my kids, even stuff for the house. If you don't know quince yet, they make high quality, timeless wardrobe staples like cashmere sweaters, linen sets, silk tops and denim for a fraction of what you'd pay elsewhere. And with this late summer heat wave, I just picked up some new linen tops and bottoms because I was running out of the good stuff. Everything from Quince fits beautifully and feels amazing, light, breathable and effortlessly polished. I also grabbed a few new bathing suits for my daughter who's growing faster than I can keep up. The quality is just as good, if not better than more expensive brands. And that's the beauty of quince. They work directly with top factories, cut out the middlemen and pass the savings to us. Most most pieces cost half as much as similar luxury items and they're made with premium fabrics in safe, ethical factories. Elevate your fall wardrobe essentials with quince. Go to quince.com sewmoney for free shipping on your order and 365 day returns. That's Q U I-N C E.com somoney quince.com somoney so money episode 1863 ask Farnoosh. You're listening to so Money with award winning money guru Farnoosh Torabi. Each day get a 30 minute dose dose of financial inspiration from the world's top business minds, authors, influencers and from Farnoosh yourself. Looking for ways to save on gas or double your double coupons. Sorry, you're in the wrong place. Seeking profound ways to live a richer, happier life. Welcome to SO money. Welcome to SO Money everybody. I'm Farnoosh Tarabi. Happy Friday. Welcome to Ask Farnoosh. This is our Friday edition of the show. We where we're going to get into your money questions. We've got questions today about taking money out of a brokerage account and then moving that over into a Roth ira. Can you do this? What are the rules? Are there any risks to having a single bank that stores all of your financial accounts? That's also a question from a listener and also how to find a good accountant, how to find a good money coach. Is it necessary to get any certifications? We're going to get into it but first let's talk about some of the news that's been floating around that you might have missed. You might have missed while you've been enjoying the last few weeks of summer. Maybe hopefully making the most of this month can be a quiet month. A lot of people go away. We're sticking around for the most part. We booked a bit of a staycation in New Jersey that we found. I thought it was a good deal by the way, a lot of people probably canceling their summer plans because of we're hearing about Layoffs, and people just worried about the economy going into the fall. And so there is a bit of a trend where certain destinations, if you wanna fly, you can find cheaper flights. Maybe right now, last minute Airbnbs maybe can find cheaper room rates. We found a really good deal on Airbnb recently, but you might've missed these headlines. And the first one is that millennials are richer than ever. But guess what? They're still anxious about money. This comes out of the Wall Street Journal, a story headlining, millennials have more money, but they're still worried. And this caught my eye for a few reasons. First, it's because the headline seems almost accusatory. It's like, you're richer. What? I'm sorry, but that doesn't solve the problem, Right? It completely overlooks the fact that many millennials built their wealth on anxiety. Right? A lot of us, and I consider myself an elder millennial, were born in the 80s, and we're just starting to catch up, right? In 2016, our median net worth was over one third lower than where previous generations were at our age. But by 2022, and this is according to the Federal Reserve bank of St. Louis, by 2022, millennials were more than one third ahead of expectations. So what happened? Well, the article credits rising home values and record high stock prices in recent years. And we, like everyone, have benefited from those gains if we were lucky enough to own real estate or invest early, which is a big if, because let's not forget, we also came of age during the great. We started our careers in a broken job market, a lot of us, and we watched the housing market and the stock market crash before we ever had a chance to get in the game. And so we have a lot of history with financial anxiety. And if you know anything about behavioral economics, we tend to base our financial outlook on recent Trends. And while 2008 wasn't yesterday, it's still very fresh. The wound feels very fresh in a lot of our lives. And we. We are precarious. You know, we wonder if that could happen again. And therefore, what this article points out is that many millennials, especially those in their 40s, are hoarding cash more than other generations. It's like we're in our 40s, right? We can't stop working. We're in some cases, the prime of our careers. So maybe we're making a lot more than we ever have. But there is that lingering doubt about how much we can preserve this. Maybe we saw our parents. I, for one, definitely saw my parents lose a lot of their net worth in the 90s, late 90s for that dot during that dot com crash. And then I'm sure again they did during the Great Recession. I wasn't at home anymore to know for sure. But look, my dad is in his 70s and he's still working and we joke that it's because it's all he really loves to do, but I do wonder if there's a little bit of a need there to keep working financially. So then how do I put a pin in this? I want to say this. If you're feeling that panic, that low grade panic or high grade panic, I first want to let you know that it is not irrational. It is a response to real instability that we have experienced, as I write in my book, a healthy state of Panic. We have to be able to accept the fear but not let it take over. We want to use it. We want to use this fear. We want to channel it, be in control of that fear, channel it into preparedness. So boost that emergency fund. Invest consistently. Don't be afraid to slowly enjoy what you have built. And if you want deeper guidance, I did a recent episode with Priya Malani, who's the founder of Stash wealth, on so Money not too long ago, earlier this summer, and she broke down the emotional rollercoasters of wealth building specifically for this generation, especially for women. So check out that episode. I'll link to it again in our show notes so you can easily access it. But know that anxiety is not a sign of weakness. It's a sign that you have lived life, you care. But the key now is to take that life experience and channel it in a way that is healthy. Know that you've worked really hard to get to where you are. And while so many things are not in our control, we can't control tariffs, we can't control job layoffs, we cannot control inflation. But if you are worried about having enough in the bank to cover you in the event of a layoff, six months, nine months might go by without you finding another job. Do you have enough in a savings account that you can tap to cover your basic expenses? Are you brushing up on your resume? Are you strengthening those relationships at work and even out of work so that in the event that you want to pivot, look for a new job, they're there to help you? There's a lot that we can do and I think in that process we will feel more in control and that we're building some healthy momentum. And I will also add that in your 40s, if you're an elder millennial, you still have a long way to go until you technically retire in your 60s. So 20 years even that's a long time. If we were to see a major market downturn over the next few months that might last for a year or two, maybe we could do enter a bear market for a considerable amount of time. Know that bear markets are few and farther in between, that we have more positive years in the market historically than we do negative ones. And so if you're in it to win it for the long run, you can still afford a year or longer of slow, slowness of decline in the market, assuming you don't need this money for the next 20 years. All right, moving on to another headline, here's some spending news. We're spending less. Despite a supposedly strong economy, according to the Wall Street Journal, consumers are pulling back not because they have to, but because things are uncertain. Inflation is easing, but costs are still high. And after last week's EU trade deals, I think we're going to see higher costs. From everything from coffee to foreign cars. Consumers are pulling back. And by the way, wages have not been keeping up. Student loan repayments are back. So everybody's very cautious. But here's the good news. This kind of pullback, it forces us to be more intentional with our money. And we recall that there are a lot of ways to save on everyday items and we can leverage technology and AI to help. I was just talking to a friend of mine who's a shopping expert, and she said, now more than ever, this is it. If you've been a consumer who hasn't been using coupon codes, who hasn't been shopping deals, you're going to get very acquainted very quickly this fall. Because why not? And you know, like a little bit can go a very long way, especially as we enter holiday shopping season, back to school shopping season, we're not just buying one or two things over the next four months, we're going on shopping halls. And so knowing how to save is really, really important right now. And I just want to mention a few ways to do this. One, there are hidden discounts that you may not get just Googling or going on websites. I actually use ChatGPT to find some discount codes, coupon codes that may not be readily available online. And I usually use this prompt. Can you help me find coupon codes or promo deals for fill in the blank name of the store. And then suddenly ChatGPT becomes my personal deal hunting assistant. Try it. Try it for travel. I would try it for electronics Even local events, concert tickets, outings. Second, use AI to get a second opinion before you buy something. So here's the prompt. Help me decide if I should buy. You know, fill in the blank. Give me pros and cons, and suggest cheaper alternatives. You might surprise yourself with the answers and then automate price tracking. There are tools like Honey or Camel. Camel. Camel. They track prices over time. They're powered by small algorithms, AI, and they can alert you when prices drop. If you know that come November, you want to get a new dining room table for Thanksgiving or whatever, they can keep an eye on these products for you and let you know when the price gets right and let you know when the price falls. Okay? And finally, this is a story that hit home for me because I remember being a kid going shopping with my mom, who then would subsequently return things. She was kind of a serial returner. And I just hated dealing with return counters. And it's why I think as an adult now, I love online shopping so much because I can return things in hiding. I can return by mail. When I was living in New York, it was so easy. I would just drop it off at my front desk with the doorman. And now I single out retailers where I can drop off the returns at no additional cost. Like, there's no shipping label that I have to pay for. I can go to a store and maybe just drop it off and just process it. Not have to, like, talk to the person, just, like, drop it off. That's my kind of return. But guess what, Americans right now, and maybe this is going back to the earlier headline about people shopping less. People are returning more, and they're returning some pretty crazy things. This was in USA Today. The headline is, have free returns gone too Far? Shoppers are returning air conditioners after a heat wave. And TVs after the super bowl to Costco, Home Depot and other stores. So people are returning big ticket items after just using it one time. And it's. It's a trend that's become more widespread. Shoppers are treating return policies as kind of a loophole for unnecessary purchases. And this costing industries billions of dollars, resulting in some retailers clamping down on their return policies. I don't know if there's any advice here for me about this, but just, you know, I guess if you are that person who likes to return stuff, maybe think twice before you buy it or buy it used. Okay, we're going to hit the mailbag toot suite. But first, I want to talk about something that I've been noticing on Social media, mainly Instagram, because that's all I really use. I'm sure this is also on TikTok. But there are these videos, this genre of videos usually created by women, sometimes men, but it's women giving other women, quote, unquote, dating advice. And they say such things as, honey, here's how to get your man to pay your bills, or ladies, stop working so hard. The more you rest, the more feminine you can become. As if to say that ambition is a masculine thing. It's very bizarre. And you know, the problem is that I watch them because I'm trying to figure out, is this parody, is she for real? And then the algorithm just assumes I'm digging this content. So now I'm just flooded with a lot of these types of messages. It's funny, like, I gotta tell my audience about this. It's just, here's what it is. It's bizarre repackaging of very old school gender roles dressed up as empowerment. These women are beautiful. These women look like they have it all. And they're insisting that other women. You want to be like me, you got to slow down. You got to get a man who can pay for your bills and be upfront with him about it. This one woman was like, I talk about this on a first date. Let's just be clear about something, okay? There's nothing unfeminine about paying your own bills. There's nothing unattractive about ambition. And there is nothing empowering about being purposely financially dependent on someone else, as though it's some sort of lifestyle aesthetic. Real empowerment, real femininity. Being really able to exercise your ambitions fully as a woman. It's about having options, right? Not to be restricted. And money unlocks options. Not having money leads to restrictions. So you want to slow down. That's fine if it's by choice, not as a strategy for getting a partner who's going to control the money. It's crazy what I'm watching. And I can't help but think that this is behind the scenes. Some ultra, ultra conservative group is lining these women's pockets, these influencers who come out with their theories on how we can all be more feminine. If being poor means I can be more feminine, I want to be a man, okay? I'm okay with that. Don't think of me as feminine. All right, fine. Like, I, I, I love being a woman, but not that much. If that's what society requires of me to be deemed a woman, then I must be in the wrong body. And speaking of reclaiming financial power, we had two incredible guests on this week that are doing just that. On Wednesday, we had on Anna Gough talking about how to protect yourself without a paycheck. Speaking of, if you're in a relationship and you're any money, whether that's by choice or because you can't work if you're not the earner in your relationship or not earning anything right now, this episode, you gotta listen to it because Anna opens up about the financial vulnerability she experienced in her own marriage and how she rebuilt her independence post divorce. And now she's teaching women how to protect themselves financially without necessarily having a salary. So if you want her tips, check out that episode on Wednesday. Anna also has a course called Protect Yourself Without a Paycheck. We have that link in the show notes for that episode. Earlier on Monday, we sat down with Meg Wheeler, who is a cpa, and she really wanted to come on the show to talk about a TikTok trend, the one about girl math. The one where it's like, well, you know, I bought all these clothes that I don't need, but they were 50% off. So girl math, like equating your financial silliness, if that's what you want to call it, to being a quote unquote girl. And you know, people are joking when they say this a lot of the times, but it's perpetuating, again, a really unnecessary script about how money's a man's world, women don't know anything about money, and it's like infantilizing women right as girls who don't know what they're doing with money. My daughter is 8 and she could bounce a checkbook if she wanted. It's not that hard. So Meg and I talked about how this all subtly undermines women's financial intelligence and the we also got into how to build wealth when you don't come from generational wealth, why financial literacy is a more powerful inheritance than money, and why political engagement, especially right now, is a very good financial strategy. My best friend and I are planning another trip to escape from the day to day. Yes, that's right, a vacation. Just because just the two of us. No kids, no work, just fun. We've been browsing Airbnb's guest favorites from the Hudson Valley to Charleston, and the hardest part has honestly been narrowing it down. There are so many beautiful, unique homes that feel like they were made just for a weekend escape like this. Behind every great stay is someone making it all happen. And often it's a co host working behind the scenes. Airbnb's Co Host network is a smart way for Airbnb hosts to get help managing bookings and answering guest questions and making sure the place is ready for every guest. It's perfect for people who want to earn extra income but not take on the full time job of being a host. Find a co host@airbnb.com host. You know that feeling when it's midnight and your brain just won't shut off the to do list Tomorrow's meetings the million things on your plate that's me most nights until I tried bowl and branch. My husband and I both tend to overheat at night, especially during these warm summer months. But since switching to Bolen Branch's Per Kale sheets, our sleep has totally transformed. They're light, crisp and incredibly breathable. Honestly, it feels like slipping into a perfectly made hotel bed every night. What I love most is how they're made 100% organic cotton, no toxins, and crafted by artisans who are paid fairly. And they come with a 30 night worry free guarantee. So you can really feel the difference. I noticed it the first night how soft and cool the sheets felt and with every wash they just keep getting better. Feel the difference an extraordinary night's sleep can make with boland branch get 15% off plus free shipping on your first set of sheets@bolinbranch.com Sewmoney that's Bolenbranch B O L L A N D branch.com Sewmoney to save 15% and unlock free shipping, exclusions apply. Lately I've been turning to quince for just about everything. Clothes for me, pieces for my kids, even stuff for the house. If you don't know Quince yet, they make high quality, timeless wardrobe stap like cashmere sweaters, linen sets, silk tops and denim for a fraction of what you'd pay elsewhere. And with this late summer heat wave, I just picked up some new linen tops and bottoms because I was running out of the good stuff. Everything from Quince fits beautifully and feels amazing. Light, breathable and effortlessly polished. I also grabbed a few new bathing suits for my daughter who's growing faster than I can keep up. The quality is just as good, if not better than more expensive brands. And that's the beauty of Quint. They work directly with top factories, cut out the middlemen and pass the savings to us. Most pieces cost half as much as similar luxury items, and they're made with premium fabrics in safe, ethical factories. Elevate your fall wardrobe essentials with quince. Go to quince.com sewmoney for free shipping on your order and 365 day returns. That's Q-U-I-N-C-E.com somoney quince.com you can make a difference in someone's life, including your own, with a job and home care. These jobs offer flexible schedules, health care, retirement options and free training. They also provide paid time off and opportunities for overtime. Visit oregonhomecarejobs.com to learn more and apply. That's oregonhomecarejobs.com all right, let's go to the mailbag. First up is Audrey and she says, Farnoosh, I've been following you for years and I've always appreciated your advice. I have a parent related money question. My mom is getting close to retirement age. She's got about five years till retirement. Right after she got divorced, a rep at her bank convinced her to put 20,000 in a taxable brokerage account. I have been focused on tax advantaged accounts and I don't know as much about brokerages and their taxes. My mom spoke with a rep at her bank on the phone and they told her that it would be extremely expensive for her to move her money. She would ideally like to move some of this money into a Roth. Could it really be such a big hit that moving the money at all is that bad, or do they just want her to keep her money with them? Ah, yes, I think it's a little bit of both. Audrey. I think that the bank obviously wants this cash to stay parked with them. The statement that this could be very expensive, well, you know, that's a relative term. What are we talking about? This may require paying taxes depending on how long this money has been in the account. In the brokerage account, if it's been under a year or over a year, your mom will either have to pay short term capital gains tax or long term capital gains tax. Short term capital gains tax is more expensive. Whether or not she can do this, keep a couple things in mind. Okay, so firstly, to contribute to a Roth ira, you have to contribute cash or a check that's coming out of a cash account. If her brokerage doesn't have enough cash in it, in other words, the money is all invested in stocks or bonds. Then she needs to liquidate some of that and then move that into the Roth IRA again, selling those stocks, selling those bonds, it could trigger a tax event. So something to look into and do the math on that. And then once the money's in the Roth, she will buy new investments within that Roth ira. I would recommend a balance of stocks and bonds in that Roth IRA. Maybe 50% stocks, 50% bonds. Given that she is close to retirement, I wouldn't want her 100% in stocks. She doesn't want to take on all that risk. This is the other thing. I don't know if your mom is working, if she's retired, if she's working part time. You can open and contribute to a Roth IRA regardless of your employment status, whether you're full time, part time, not working, as long as the contributions to that Roth IRA are the same or below your earned income in that year. My advice is talk to somebody outside of this bank, maybe a financial planner, or find out where she wants to open up this Roth ira. Sounds like it might be at a different bank. Call them and say, hey, I'm thinking about taking some money out of my brokerage account and opening up a Roth IRA with you and putting some of that brokerage account money into this Roth ira. What's the process? What's the cost? And compare what they say to what her current bank is telling her and she might be able to fill in some gaps there. Both sides will be biased. Obviously both sides want her money. But the bottom line is if she has to sell some of the assets in the brokerage account to then transfer that cash into the Roth ira, it could likely trigger a tax event and that's where the her current bank is. Tell her this could be quote unquote expensive because of the tax cost. I hope that's helpful. All right, next up we've got Sarah and she wants to know, Farnoosh, do you think there's any risk with having all of my financial eggs in one basket? She says, for many years I've had one main bank for emergency savings, a CD and a lesser used checking account. Then I have my main checking and spending account at another bank. I'm trying to simplify my finances this year. So I've been thinking of just, just using one checking account. But I'm concerned with how often companies get hacked these days or rising incidences of financial fraud. Would love to hear your thoughts. All right, Sarah, so really important wherever you're banking that there is FDIC insurance, which these days most reputable banks. I mean, it would be really hard to find a bank that doesn't have FDIC insurance. But still check what you want to know about this FDIC insurance, which essentially is insurance that the bank, bank has in the event that they get hacked. There is fraud, there is some sort of collapse of that is anything that's not your fault, right? Like, you didn't overspend the money or lose the money or transfer the money to, like, the wrong person. Your money is secured up to $250,000. The risk with having all of your money at one institution is greater if you've got more than $250,000 at that institution. Each depositor is insured to at least $250,000 per insured bank, and that includes all types of deposits held at the insured bank. So your cd, your savings, your checking, the total of that, the total balances on those accounts, if they are less than $250,000, I wouldn't be so worried. Once you exceed $250,000, that's when you want to consider possibly opening up an account at a secondary bank. All right, next up is Nicole. She says that she, first of all, never misses an episode of so Money. And I have to say that's quite the triumph. I asked the audience you a couple weeks ago, how would you feel if I went from three days a week to one day a week, but maybe made that a little bit more of a longer episode with an interview and ask for New Ocean one? And a few of you got in touch and said, don't do that, don't do that. And I was like, really? I was shocked. I was also honored to know that you like the consistency and the frequency of this show. So for now we're going to stick with three episodes a week. Back to Nicole. She says, I'm an engineer in my early 50s who has become highly interested in personal finance over the past several years. I listen to about seven financial podcasts. I've recently read many of the most influential money books. I've been educating myself and really loving the whole process. I enjoy it so much that I'm considering the thought of becoming a financial coach as a side gig for now and then maybe a part time job in retirement. My question is is I've read that you don't need any official certifications, but it seems it would be best to have something and I want to make sure I'm giving the best possible advice. Can you recommend a professional certification course, preferably online? I googled it. But I've been overwhelmed with all of the quote unquote, sponsored curriculums. So I'm looking for an objective and educated opinion. Sure, Nicole. I actually did a little bit of a story on this when I was at Oprah Magazine looking at the various ways to get certified as a money coach. As you Say, this is not necessary, it's not a requirement, because you're not going to be handling people's money. You're not going to be investing their money. For that, you would need to be certified and licensed. But in my exploration of this topic, I did talk to two money coaches who told me about their process. The first is Deborah Price, and she's actually the CEO of the Money Coaching Institute. So that's one resource, the Money Coaching Institute. Deborah leads it. She's also a money coach. That is a very popular certification program. Then I also spoke to Carrie Friedberg, who is a certified Financial Behavior Specialist, cfbs. This is a little bit different. If you want to work more on people's sort of emotions and behavior and how it's wrapped up into their money relationship, a money coach can do that. And, you know, again, your choice whether to get certified or not. But if you want to go a little bit deeper and not get the full psychology degree, but you want to learn more about behavior and human behavior, there's the certified Financial Behavior specialist designee. Carrie Friedberg, a woman I interviewed, had that designation. And I thought that was really interesting. And I think this is not as broad as I'm being a money coach. So I think you might find some more tailored websites to this. And finally, the accredited Financial Counselor certification program, afcpe.org is a very well established certification program for financial counselors, money coaches. Money coaches. Check those sites out. I love that this is something that you want to pursue. I think that's great that you want to do this in retirement. I think that's a wonderful job to have, especially knowing that so many people in retirement need specialized help when it comes to their money. And there really isn't a ton of resources out there, as we know. So much of the financial advice is catered to young adults, millennials, Gen Z. So to work one on one with maybe people that are more like your peers, I think could be such added value. All right, next up is Brittany, and she wants to find a good accountant. She's starting a small business. She's going to be offering virtual classes for kids. Any recommendations? She asks for a good and affordable accountant. She says, I'd prefer to work with someone who knows about small business accounting, but also specializes in media and entertainment. So, Brittany, I would say that if there are any professional organizations that you're a part of, networking organizations within that organization, the members will have usually someone they can recommend. And that's where I would start. I would start by talking to people who are in and around your industry. They're obviously small business owners and maybe they also work in this space of education and media and entertainment. Ask them. They will be able to tell you firsthand whether who they're working with. They like this person. The pros, the cons. When you say somewhat affordable. The price, the cost of working with an accountant really runs the gamut. It's, you know, hourly, anywhere from 150 to $300 an hour to do your whole tax return, depending on the complexity of the tax return and how organized you are with giving them all the necessary paperwork. Being more organized usually means less time for them and less money for you. That can be anywhere from like under a thousand dollars to thousands of dollars. So shop around, ask about their fees, get it in writing, get a sense of what's involved in that cost and how you might be able to offset the price. Because maybe you're going to be more involved. Like maybe there's an accountant who charges X. But then you find out, well, it includes bookkeeping and sending out your 1099s and doing your business and your personal. And maybe you're like, oh, I don't actually need all of those things. So can we pare this down and work from there? But start with your own network of professionals, people that you're talking to that you are going to for other advice? The other way to find a good CFP is if you're working with a financial planner or a money coach. They usually will also have recommendations that are tangential to financial planning, like tax prep. All right, Brittany, thanks so much and congrats on your new business. And that's our show for this Friday, everybody. Thanks so much for tuning in. I hope your weekend is so money.
- [35:42]
Montclair Pod Announcer
This episode of the Montclair Pod is brought to you by Montclair Film, our town's hub for film storytelling and community connection. From thought provoking indie screenings and Q&As with acclaimed filmmakers to improv nights, live performances and classes in filmmaking, screenwriting, and much more, Montclair Film offers something for everyone who loves the power of a story. It's also home to one of the country's premier film festivals each fall, drawing audiences and talent from around the world. Right here to Montclair. Want to see what's playing or sign up for a class? Visit montclairfilm.org for the full calendar of events and ways to get involved. Now on with the show.
- [36:23]
Farnoosh Torabi
When you're a forward thinker, you don't just bring your A game, you bring your AI game. Workday is the AI platform that transforms the way you manage your people, money and agents so you can transform tomorrow. Workday Moving business forever forward. Looking for a high yield savings account or car insurance? I've curated my Go to Financial tools all in one place@sewmoneylinks.com these are the resources I trust, presented in partnership with Money magazine. So Money Links is no overwhelm, no fluff, just solid vetted options to help you save more and stress less. So moneylinks.com check it out.