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So Money with Farnoosh Torabi

1082: Ask Farnoosh: Ignoring Student Loans, Benefits of a Cash-Out Refinance and Dealing with Credit Fraud

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.71.9K Ratings

🗓️ 14 August 2020

⏱️ 29 minutes

🧾️ Download transcript

Summary

How to invest in a rental property when you're in a different country? Should you just ignore your federal student loans while the automatic deferment is in place? Is there any benefit to paying them down? And what about cash-out refis? Are they worth it? Farnoosh addresses the latest money questions from the So Money mailbag. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

So Money episode 1082, Ask Farnush.

0:04.0

You're listening to So Money,

0:07.0

with award-winning Money Guru Farnush-Torabi.

0:09.0

Each day, get a 30 minute dose of financial inspiration from the world's top business minds,

0:14.8

authors, influencers, and from Farnus yourself.

0:19.2

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

0:22.8

Sorry, you're in the wrong place.

0:24.8

Seeking profound ways to live a richer, happier life.

0:28.3

Welcome to So Money, everybody. It is asked Farnoosh Friday, August 14th, 2020.

0:37.0

What a difference a week makes. Last Friday, I shared something a bit personal within the first five minutes of this episode and I later

0:46.4

that night I was like oh did I make a mistake did I reveal too much should I seem to you know

0:51.7

everyone's got problems and my problems are not near what other people's

0:57.3

problems are in terms of calamity and scale and difficulty. But but nevertheless I was discussing how our son was having a hard

1:06.2

time grasping reading and we as parents were having a hard time helping him.

1:11.4

And it was really hard and really frustrating. Of course now more than ever

1:16.0

because we can't like have people come to the home to help him or take him to a

1:21.9

place to get help.

1:23.0

So we're all trying to do this virtually and at home.

1:25.0

And I'm so glad I shared this with you and it just is a reminder of how awesome the so money audience is within hours of the show airing I had so many

1:37.9

people reaching out with similar stories or well wishes and in some cases resources and I want to share some of those resources with you if you are a parent that is struggling or you have a loved one who is a young kid who is struggling to learn for whatever reason.

1:55.0

Maybe he or she has attention deficit disorder.

1:58.0

Our son has ADHD, you know, other kids, maybe they're dyslexic maybe you know for whatever reason we started to implement

...

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