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So Money with Farnoosh Torabi

20: Ask Farnoosh: How Should I Value My Money?

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.71.9K Ratings

🗓️ 31 January 2015

⏱️ 22 minutes

🧾️ Download transcript

Summary

Farnoosh answers audience questions. What is a good way to figure out what you value most when it comes to money and spending? How do I save with $200,000 in student loans? I'm 66 years old. How should I invest my money? And much more. Check out SoMoneyPodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

So Money episode 20. Ask Farnush.

0:04.3

You're listening to So Money with award-winning money guru Farnush

0:08.3

Tarabi. Each day get a 30 minute dose of financial inspiration from the world's top business minds, authors, influencers, and from Farnus yourself.

0:18.0

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

0:22.0

Sorry, you're in the wrong place, seeking profound ways to live a richer, happier life.

0:27.0

Welcome to So Money. Hey Farnoosh, what's a good way to figure out what you value most when it comes to money and spending?

0:40.0

Welcome back to So Money, everyone. I'm your host Farnouche Tarabi. We're going to tackle that question and many more in this weekend's edition of Ask Far Nouche. Now, it's just me this weekend, my brother Todd, many of you are big fans unfortunately not

0:54.5

here with us today because good for him he's at the Super Bowl we talked about

1:00.1

his dream of going to the Super Bowl and it turns out his favorite team the Patriots

1:06.0

are in this year Super Bowl so he saved up and made some trade-offs and he bought his

1:11.5

Super Bowl ticket went by himself to Phoenix, and there he is this weekend.

1:16.0

So good luck Todd with everything.

1:19.1

Hope your team wins.

1:20.8

In the meantime, lots and lots of great questions to get to first we're going to start with

1:24.8

Charmaine she asks what is a good way to figure out what you value most when it comes to money and

1:31.5

spending.

1:32.6

Charmaine, this is a very, very, very good question,

1:36.1

and I think what you first want to do,

1:38.7

because I agree, money is meaningless.

1:41.2

Money is sort of abstract unless we attach it to our values. So what are our values? What do we

1:47.8

want in life and how can we make our money support those things? Well first I'd say figure out where you want to be

1:56.3

in the next year and in the next five years and that should give you a good sense of what your values are.

...

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