119: Ask Farnoosh: Should I Borrow From My 401k?

So Money with Farnoosh Torabi

Farnoosh Torabi

Business, Entrepreneurship

4.7 • 2K Ratings

🗓️ 10 May 2015

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of Ask Farnoosh I answer questions about whether or not you should borrow from your 401K, How much is too much for an apartment right out of college and when to negotiate your salary with your employer.

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Transcript

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0:00.0	So Money episode 119, Ask Farnush.
0:03.2	You're listening to So Money, with award-winning
0:07.2	Money Guru Farnush Karabi.
0:09.2	Each day, get a 30 minute dose of financial inspiration from the world's top business minds, authors, influencers, and from Farnus herself.
0:18.0	Looking for ways to save on gas or double your double coupons?
0:22.0	Sorry, you're in the wrong place.
0:24.0	Seeking profound ways to live a richer, happier life.
0:27.0	Welcome to So Money.
0:30.0	You're listening to So Money Everyone Welcome Back. I'm your host
0:36.8	Farno Chirabi for all you mothers out there. Happy Mother's Day.
0:41.0	You know, it's funny, I'm a mother now for the first time in my life and I was making
0:46.4	plans for Mother's Day for my mom-in-law and my own mom and didn't even occur to me that this was a holiday that I should perhaps also
0:54.8	celebrate that it's also doesn't get it for me now and it's honest like I totally didn't realize
1:00.7	that I am now qualified to celebrate Mother's Day for myself.
1:05.2	So thank you to all the mothers out there for all the hard work that you do.
1:09.7	I know now it is not an easy job and I'd like to start the show before we get to the
1:14.3	questions just reminiscing a little bit on what my mom taught me growing up
1:19.5	as far as you know being money savvy what were the lessons that she taught me me she taught me
1:24.8	so much but I would say that the biggest lesson or one of the biggest memories I had of
1:30.3	my mom when it came to money was that she always worked hard for what
1:35.7	she wanted. My mom has pretty high taste and she likes fancy things and she likes
1:40.6	a certain kind of lifestyle and she's not afraid to work for it.
	...

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