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So Money with Farnoosh Torabi

1076: Ask Farnoosh: Should I Use Student Loans to Invest in the Market?

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.71.9K Ratings

🗓️ 31 July 2020

⏱️ 39 minutes

🧾️ Download transcript

Summary

Delyanne The Money Coach Barros joins Farnoosh to answer the latest money questions from the audience. Questions include: Is it wise to use student loans to invest in the market? Why is one of my credit scores so different from the rest? Should I help my boyfriend with his credit card debt? How to become a professional investor without a college degree? Sticking with this week’s lineup of FIRE members who are bringing a fresh voice and face to the space, Farnoosh’s co-host today is Delyanne Barros who is new to the FIRE movement... A lawyer by day and founder of Delyanne the Money Coach a popular Instagram and TicTok feed. You can find her at MasterMyFire.com. Delyanne is Brazilian and the first in her family to accomplish many milestones including attending college, becoming an employment attorney, and conquering New York City. After living in NYC for 14 years, the mecca of the financial industry, Delyanne realized that her financial knowledge was limited to the outdated advice of her parents. Once she discovered the F.I.R.E. movement, she set on a path to retire from the traditional 9-5 grind at 45 years old. However, Delyanne quickly realized that the financial space was lacking the voices of people she could relate to, especially women and Latinas. That’s when she decided to become that voice and launch Delyanne The Money Coach where she provides coaching and education in a fun and relatable way. Delyanne is on a mission to educate and guide new investors to a life that is debt-free, abundant, and financially independent. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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zero carbon generation at EDF Energy.com slash Help in Britain.

0:29.7

This episode is brought to you by Shopify.

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That's what I hear when I make another sale on Shopify.

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The all-in-one commerce platform that allows you to start, run and grow your business. Shopify is revolutionizing millions of businesses

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worldwide. So sign up for a one pound per month trial period at shopify.co. UK slash Podcast 23 all lowercase and take your business to the

0:57.8

next level today. So money episode 1076 ask Farnush with special co-host, Delian the Money Coach.

1:06.2

You're listening to So Money, with award-winning Money Guru Farnush Karabi.

1:12.0

Each day, get a 30 minute dose of financial inspiration

1:15.0

from the world's top business minds, authors, influencers,

1:19.0

and from Farnuus yourself.

1:21.0

Looking for ways to save on gas or double your double coupons?

1:25.0

Sorry, you're in the wrong place.

1:27.0

Seeking profound ways to live a richer, happier life.

1:30.0

Welcome to So Money, everybody, Friday, July 31st. We learned yesterday, big news in the

1:41.1

economic space that our country suffered its worst quarter

1:44.8

since the Second World War. GDP shrunk by 32.9%. I was hearing on NPR that that is so bad. I mean we think about the last

1:56.2

recession. A lot of conversations right now are finding parallels between

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