1836: Ask Farnoosh: Thoughts on FIRE Movement? Worth the Effort?

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 6 June 2025

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this week’s Ask Farnoosh, we’re diving into your money questions and breaking down the big headlines.

First up: What the Trump-backed budget bill could mean for your wallet. Farnoosh unpacks the Congressional Budget Office’s $2.4 trillion deficit projection and explains how the proposed tax cuts and spending reductions may impact interest rates, government programs, and your future taxes.

Then, in the mailbag:

Is the FIRE (Financial Independence, Retire Early) movement right for you? Farnoosh shares her personal take and how she’s pursued financial freedom—without traditional retirement.
How to create a gift-giving strategy that feels generous and sustainable, plus tips for teaching kids to be kind and money-wise.
And: Adding bonds to your investment portfolio—why they matter, how to buy them, and how to hold them in your retirement account.

For further reading on the Republican Budget Bill, check out NPR's coverage.

Transcript

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1:02.0	So Money episode 1836 Ask Farnoosh.
1:07.1	You're listening to So Money with award-winning money guru Farnoosh Karabi.
1:11.6	Each day, get a 30-minute dose of financial inspiration from the world's top business minds, authors, influencers, and from Farnoose yourself.
1:21.6	Looking for ways to save on gas or double your double coupons? Sorry, you're in the wrong place. Seeking profound ways to live a richer, happier life.
1:30.7	Welcome to So Money.
1:33.6	Welcome back to So Money, everyone.
1:35.6	I'm Farnoche, and it's Friday, June 6th, 2025.
1:39.8	Time for Ask Farnoche, our weekly check-in where I got answers to your biggest financial questions to date.
1:46.8	I'm recovering quite a bit today. First, I want to break down the Trump-backed budget bill that passed the House this week.
1:53.8	However, you lean politically, this should be on your radar. And we'll learn later in the show about what this bill could mean for our personal finances, our taxes, our borrowing costs. And then, of course, we have your mailback questions,
	...

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