4.7 • 1.9K Ratings
🗓️ 8 November 2024
⏱️ 32 minutes
🧾️ Download transcript
In this episode of So Money, Farnoosh dives into the financial implications of Donald Trump’s recent election victory. Reflecting on her mixed emotions, she draws on wisdom from family and acknowledges the resilience needed to face uncertainty. Farnoosh shares insight on potential economic policies, like proposed tariffs and tax changes, and discusses how these could impact inflation, the stock market, and household finances.
She emphasizes the importance of “healthy panic” as a motivator for constructive actions in our financial lives. From boosting cash reserves to staying engaged with long-term investments, she outlines her approach to navigating the coming years. Farnoosh also highlights the importance of community and financial self-reliance, especially for women.
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0:00.0 | Who knew that posting about your business could become your best ad, which means engaging new customers who could then make your sales skyrocket. |
0:08.4 | And before you know it, your business becomes a big hit overseas. |
0:11.7 | Spark your success story. |
0:13.1 | TikTok means business. |
0:17.1 | So many episodes 1746 managing Your Money in a Trump presidency. |
0:23.3 | You're listening to So Money with award-winning money guru Farnoosh Torabi. |
0:28.2 | Each day, get a 30-minute dose of financial inspiration from the world's top business minds, |
0:33.5 | authors, influencers, and from Farnoose yourself. |
0:37.5 | Looking for ways to save on gas or double your double coupons? |
0:41.2 | Sorry, you're in the wrong place. |
0:43.6 | Seeking profound ways to live a richer, happier life. |
0:46.9 | Welcome to So Money. |
0:49.7 | Hey, everybody, welcome to So Money. |
0:51.9 | It's November 8th, 2024. |
1:11.7 | And this is our first Ask Farnush Friday post-election. As of today, it appears Donald Trump won both the electoral college vote and the popular vote, which is very rare for a Republican candidate to do that since the turn of the century. For many of us, myself included, the outcome was not what we had hoped for, but here we are. My mother, who has been a part of a totalitarian regime, |
1:17.4 | as a woman who was born in Iran in the 60s, and then later left in the late 70s as a result |
1:24.1 | of that regime becoming totalitarian. She's an immigrant and a citizen of this country |
1:29.2 | and he may have read about her in a healthy state of panic. And the day of the election vote, |
1:34.1 | she wrote to me, we were texting and she said, you know, we're all very sad, but this will pass. |
1:40.6 | And I kind of eye-rolled at that. I'm going to be honest. My mother has perspective that I don't, |
1:47.9 | and I can respect where she's coming from. And so here's how I'm choosing to interpret this, |
1:54.7 | you know, idea of this will pass. It's that sometimes the pendulum swings in a direction that you |
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