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So Money with Farnoosh Torabi

234: Raya Schwartz, So Money Millennial

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.71.9K Ratings

🗓️ 2 September 2015

⏱️ 35 minutes

🧾️ Download transcript

Summary

My guest today is a woman with similar drive and ambition to the So Money Millennials you've already heard from earlier this week. Today's guest is Raya Schwartz, and she is just 25 and has already opened up her own waxing boutique in Tampa, FL! She became an esthetician at 18 in New Mexico, and when she turned 20 got a job at a waxing salon. She made a good salary of over $60k per year, but was unhappy with the way the owners treated the employees. So, she decided go out on her own and start a small spray tan business. In her first year she was able to match her salary from her previous salon! She then moved to Tampa and opened the successful Flirt Wax Bar. Her goal is to be financially and physically free to travel and spend time with her family – and she is well on her way. For more information, visit www.somoneypodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

So Money,

0:02.4

Millennial, Raya Schwartz.

0:05.4

You're listening to So Money Gourne, with award-winning

0:09.2

Money Guru Farnu Farnou Schorabi.

0:11.0

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

0:20.0

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

0:24.0

Sorry, you're in the wrong place.

0:26.0

Seeking profound ways to live a richer, happier life.

0:30.0

Welcome to So Money.

0:39.0

Hey everyone, welcome back to millennial week on So Money. I'm your host, Varnish Terabi.

0:41.0

Yeah, so all this week we're featuring five exceptional young adults who are each

0:46.4

showcasing some fantastic and inspiring stories about how to conquer your financial life

0:52.2

at a young age.

0:53.5

You know, a central obstacle facing the millennial generation

0:56.4

is financial freedom.

0:58.6

The most recent graduating class finished college

1:01.5

with an average $35,000 in student loans, the highest on record.

1:06.5

And typical credit card debt among young adults now tops $26,000.

1:12.0

And according to a new study by Pugh, more are living at home with mom and dad to make

1:16.6

ends meet. However, some young adults are bucking these financial hurdles. They've accomplished

1:22.1

a great deal in a short period of time and are well

1:24.9

on their way to becoming pretty wealthy. A word that's hardly synonymous with today's

...

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