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So Money with Farnoosh Torabi

1434: Ask Farnoosh: Lifestyle Creep, Disability Experts, and Whole Life Insurance Risks

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.71.9K Ratings

🗓️ 11 November 2022

⏱️ 26 minutes

🧾️ Download transcript

Summary

In today's Ask Farnoosh: Is lifestyle creep, the idea that your expenses grow as your income grows - a bad thing? A listener wants to know about resources for navigating your finances when disabled. Also: The truth about whole life insurance. Why it may be wiser to take out a term policy or simply invest in the stock market. Join Farnoosh's weekly newsletter and receive a free PDF of So Money Secrets, a compilation of insights from top episodes. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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

0:06.5

So money episode 1434 asks for news.

0:11.4

You're listening to So Money, with award-winning money guru Farneesh Karabi.

0:16.0

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

0:21.2

authors, influencers, and from Farneesh herself.

0:25.5

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

0:29.0

Sorry, you're in the wrong place. Seeking profound ways to live a richer half your life. Welcome to So Money.

0:38.0

Bonjour mes amis, I am recording this before going to Paris because they didn't want to work while

0:43.8

on vacation. But today, you're listening to this episode, and I'm hopefully enjoying my last day

0:49.3

in this beautiful city. My plan for today for Friday was to hit up some consignment stores,

0:55.9

because I discovered that French ladies have a lot of buyers remorse, and you may find some exquisite

1:03.6

designer goods on deep discount at Parisian consignment shops. So that's where I'll be.

1:09.7

Make sure you're following me on Instagram to see how I'm doing, whether I've had any success.

1:15.8

Today is November 11, Veterans Day, honoring all of our military veterans in this country.

1:21.4

It is also my father's birthday. So happy birthday to my dad, who has been on this podcast,

1:28.5

not once, but twice. Once with my mom talking about their immigration story from Iran back in 1979.

1:35.8

And a few years ago, talking about how getting laid off in his 60s, did not inspire him to retire

1:42.8

early. He actually hunkered down, learned some new skills, invested in himself all over again,

1:50.0

with new education, networking, a brand new LinkedIn, and landed a great new job.

1:56.4

Not a story you hear about all the time. So check out my episodes with Adam Terabi. Adam, yes,

2:02.9

he Americanized his name along with my mom when they became citizens. And they gave me the option

2:08.6

to change my name, thought about it, but I just couldn't commit to something new. And it's not

...

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