1980: Ask Farnoosh: Crypto-Backed Mortgages, Best 0% Credit Cards and Cashing in on the iPhone Lawsuit
So Money with Farnoosh Torabi
Farnoosh Torabi
4.7 • 2K Ratings
🗓️ 8 May 2026
⏱️ 28 minutes
🧾️ Download transcript
Summary
Farnoosh shares Mother’s Day plans, and reacts to news including the April jobs report and an Apple class-action settlement that could pay eligible iPhone 15 Pro/Pro Max and iPhone 16 buyers up to $95 per device. She also cautions against Fannie Mae’s move toward crypto-backed mortgages, arguing that borrowing against volatile crypto to fund a down payment adds risk and doesn’t address the real housing crisis.
Mailbag topics include: how to prepare for or respond to a layoff (unemployment, COBRA, cutting expenses, bridge income, networking, and rolling over retirement accounts), how to save on rising summer utility bills, and whether 0% balance transfer credit cards are a good tool for managing high-interest credit card debt. Check out the full list of recommended balance transfer cards on Nerdwallet.com.
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. |
| 0:30.3 | So Money episode 1980. Ask Farnoosh. |
| 0:34.5 | You're listening to So Money with award-winning money guru Farnush Karabi. |
| 0:39.4 | Each day, get a 30-minute dose of financial inspiration from the world's top business minds, |
| 0:44.6 | authors, influencers, and from Farnoose yourself. |
| 0:48.7 | Looking for ways to save on gas or double your double coupons? |
| 0:52.4 | Sorry. |
| 0:53.3 | You're in the wrong place. Seeking profound ways to |
| 0:56.0 | live a richer, happier life. Welcome to So Money. Welcome to So Money, everybody. I'm Farnoosh Tarabi. |
| 1:03.8 | It's May 8th. This is episode 1980, which is my birth year. So I'm feeling lucky. We're going to get a lot accomplished on today's |
| 1:11.9 | episode. And a shout out to all the moms in the audience. Mother's Day, of course, is on Sunday |
| 1:17.9 | case anyone forgot. What am I doing? Thanks for asking. I'm going out with a friend, a fellow mom, |
| 1:24.9 | for a day of shopping and just being away and treating ourselves. We had other plans |
| 1:30.0 | like going to a spa, maybe getting some brunch, but we were a little late to plan. All the |
| 1:35.0 | reservations were taken. And so we ended up with going to a Jersey mall. And you know what? |
| 1:40.4 | That is fine with us. It's all about just a day of relaxation, treating yourself, |
| 1:46.4 | not having to answer any questions from your family. That said, we will reconvene with our family, |
... |
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