1979: Mrs. Dow Jones on Why the Old Money Rules Don't Work Anymore

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 2K Ratings

🗓️ 6 May 2026

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

What does it actually mean to be “rich” today?

Because if you’re waiting for the old playbook to work—go to school, get a stable job, buy a house, retire comfortably—you may be waiting a long time.

The truth is, that version of wealth? It’s outdated. And for a lot of younger earners especially, it feels completely out of reach.

So what are the new rules?

Today’s guest has built a massive following by calling out the broken advice we’ve inherited—and replacing it with something far more realistic, and frankly, more empowering. Haley Sacks, also known as Mrs. Dow Jones, is back on So Money with her new book, Future Rich Person.

And this is not your typical money book.

Haley is speaking directly to what she calls the “zillennial” generation—but really, anyone who feels like they’re doing all the right things and still not getting ahead. In our conversation, we talk about why the traditional path to wealth is due for a rewrite, how to actually start building what she calls “action money,” and why your income, your skills, and even your relationship to work need to evolve in an AI-driven economy.

We also get into some of the cultural forces shaping how we think about money right now—from the rise of “trad wife” content to the very real temptation to opt out of the financial game altogether.

Learn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open!

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Transcript

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0:00.0	Hey friends, if you've been sitting on a book idea and wondering, could this actually become something,
0:05.2	this is your moment. Join me in New York City on October 9th for book to brand. This is my intimate
0:10.6	full day immersive designed to help you turn your idea into a clear, compelling, pitch-ready book
0:16.0	concept. You will meet the insiders, agents, publishers, and recent authors who can help bring your book to life.
0:23.3	Spots are limited and early birth tickets are on sale now.
0:26.9	Head to booktobrand.co to reserve your spot.
0:30.2	So Money episode 1979, Mrs. Dow Jones on why the old money rules don't work anymore.
0:37.4	You're listening to So Money with award-winning money guru Farnush Karabi.
0:42.3	Each day, get a 30-minute dose of financial inspiration from the world's top business minds,
0:47.5	authors, influencers, and from Farnoose yourself.
0:51.7	Looking for ways to save on gas or double your double coupons? Sorry. You're in the wrong
0:56.9	place. Seeking profound ways to live a richer, happier life. Welcome to So Money. What we know now
1:05.4	is that when we run the numbers, people are seeing, especially in cities like New York or L.A. or Chicago,
1:12.8	like metropolitan cities, that when they rent and they invest their down payment money instead,
1:19.2	they're seeing a much bigger return than if they had bought that property.
1:23.5	And so that's one part of the American dream that I think is a new rule of building wealth.
1:29.3	I also think that we are in this golden age of investing.
1:33.1	We are obviously living in the world of frictionless finance.
1:36.3	Like we're definitely the first generation to just have so much at our fingertips when it comes to the financial moves that we can make.
1:43.8	I could open my phone right now and buy an index fund or open a Roth IRA or make a payment
1:48.9	of my debt.
1:49.6	These used to be things that like you had to really work to do.
	...

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