TLS #80: how to change our money mindsets to achieve our financial goals with farnoosh torabi (So Money podcast)


Welcome to the final week of Money Month!

I’m pumped for this episode because I believe it holds the key to succeeding in any other goal in our financial lives that we’ve covered in money month and in our previous money episodes from TLS season one.

Today I’m talking with Farnoosh Torabi, she’s a bestselling financial author, coach, TV personality, and podcaster out to help people live richer, happier lives.

Today we’ll be discussing the money mindsets that have the power to cause us to succeed or fail in our financial lives. This is an amazing framework that applies to anything we want in life, far beyond money as well! 

Plus, Farnoosh is answering TLS listener questions about money.

This episode is perfect for anyone who is unsure about why they haven’t succeeded with their financial goals so far, or wants to learn how to implement effective financial strategies.







  • Why Farnoosh wanted to pursue journalism as a career but decided to major in finance in college instead.
  • How Farnoosh got into journalism and used her finance degree to her advantage.
  • Farnoosh’s advice for anyone looking to break into the news industry.
  • How Farnoosh got out of $30,000 in debt on an $18,000 salary (while living in New York!).
  • The money mindsets and disciplines that Farnoosh believes helps change our relationship with our finances.
  • How Tony Robbin’s framework for success and failure applies to our financial lives.
  • Farnoosh’s #1 strategy to improving your financial future.
  • What Farnoosh would tell someone just starting out on this journey.

Farnoosh answers listener questions:

  • How do you plan for an inconsistent income?
  • What business structure should your blog have?
  • How much should you have on hand for an emergency fund?
  • How do you handle being a breadwinning wife?
  • How should I handle invasive questions people ask me about my income?




TLS: Debt reduction and motivation with Eric Williams

TLS: Becoming Financially Proactive with Mary Beth Storjorhann

TLS: 27 Ways to Make Money Online Part 1 – Hilary Rushford

TLS: 27 Ways to Make Money Online Part 2 – Jessie Artigue

So Money with Farnoosh Torabi Podcast

Farnoosh’s books:

You’re So Money: Live Rich, Even When You’re Not

When She Makes More: The Truth About Navigating Love and Life for a New Generation of Women

Psych Yourself Rich, Video Enhanced Version: Get the Mindset and Discipline You Need to Build Your Financial Life

Freshbooks (Affiliate link + free 30 day trial to the bookkeeping software I’m obsessed with!)

Tony Robbins video

John Lee Dumas income reports

@Farnoosh on Twitter







PS – BeBraveNecklaceThe braille Be Brave and Be Present intention necklaces and Live With Intention bracelet are being discontinued at the end of the month!

Order these beautifully intentional pieces for yourself or gifts before June 30th. 

This Post Has 7 Comments

  1. Spencer Cohen

    This was hugely valuable, I love the discussion surrounding working on your own! I’ve definitely had a hard time explaining and feeling judged by people who don’t understand. THANK YOU!!!

    1. I’m so glad you enjoyed the episode, Spencer, particularly the part you mentioned about working for yourself and handling Q’s. : )

  2. beachmama

    Regarding paying quarterly taxes and late pay fines from IRS. It depends WHEN the income is earned. If you earned a bulk of your income in the beginning of the month the IRS will charge a percentage of UNPAID taxes times the months due.

    I’ve told my 19 year-old son to have a minimum of 3 months expenses before he moves out and then to add to that savings every month. I encouraged him to open a separate account for just that fund.

    Farnoosh’s advice about great money communication is HUGE in relationships. I handled all of the money in my first marriage and we did very well. In my 2nd marriage my husband is a good earner but does not save or invest and gets VERY stressed when discussing money. We’re working through the challenges and I’ve taken over the bulk of money management but it was several years of tightrope walking ; )

    Regarding people asking you about your income ~ it’s no ones business what you make. My family has no idea what I make or what I do for money. It’s nobody’s business especially if I know they gossip (our families do). I have family members who have cried poor so we contributed $$ to help. They bought a 2nd home within a couple of months. I no longer engage in conversations about money with anyone except my husband or our professional advisers.

    Thanks for a great show!

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