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So Money with Farnoosh Torabi

1401: Ask Farnoosh: My Opinion on Biden's Student Loan Forgiveness Plans

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.71.9K Ratings

🗓️ 26 August 2022

⏱️ 30 minutes

🧾️ Download transcript

Summary

The White House announced it will erase up to $10,000 in federal student debt for borrowers making less than $125,000 a year -- or $250,000 for married couples. What does Farnoosh think? Also: Keep a pension or change to a 401(k)? How to buy a home in the U.S. if you're not a US citizen and have no credit. Plus: Pros and cons to robo-advisers. Check out the Recession Help Desk. Read more about robo-advisers on CNET. Pre-order the So Money Page-A-Day Calendar. Want more articles and videos by Farnoosh? Check out www.cnet.com/somoney. Subscribe to her weekly So Money newsletter for the latest updates and a free gift! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

SoMoney is brought to you by CNET, the site that shows how to navigate change all around us.

0:06.5

SoMoney Episode 14-01, Ask Farnoosh.

0:11.2

You're listening to SoMoney, with award-winning money guru Farnoosh Karabi.

0:15.8

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

0:21.0

authors, influencers, and from Farnoosh yourself.

0:25.3

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

0:28.9

Sorry, you're in the wrong place.

0:31.0

Sinking profound ways to live a richer half your life. Welcome to SoMoney.

0:37.6

Hey everybody, welcome to SoMoney, August 26th. I am back from VK.

0:42.7

How's everybody doing? My family and I, we just got back, it's been a few days now,

0:47.4

we got back from Sandwich Cape Cod. The oldest town on the Cape, I discovered, founded in 1639.

0:55.5

Sandwich is great. There's a bunch of bay beaches, obviously, because it's Cape Cod.

1:00.7

There's great ice cream, great museums. We didn't visit any of the museums, because every day was

1:06.7

really sunny. There was one rainy day, and we just kind of, you know, fussed around our rental

1:13.2

house. We have been going to Cape Cod for the last couple of years, you know, from Massachusetts,

1:18.5

and growing up never really explored the Cape that much. So as an adult, I'm like, you know what,

1:23.2

I'm going back to my roots. I'm going to do it upright. In last summer, we went to Chatham,

1:28.0

which is a little bit more of a scene than Cape Cod. It's more hip. It's more, I guess, a

1:34.3

more robust downtown. But the house that we rented last year doubled in price, doubled, okay?

1:41.2

I'm not even just like a little bit. Like it was basically a non-starter. So we went to

1:49.4

sandwich instead, which is more towards the south of Cape Cod. It's closer to actually Martha's

1:54.7

Vineyard, the ferry. So we did go to Martha's Vineyard for a day. Lots of fun. I think that Cape Cod

...

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