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So Money with Farnoosh Torabi

362: Karen Carr, CFP® at Society of Grownups

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.71.9K Ratings

🗓️ 23 February 2016

⏱️ 28 minutes

🧾️ Download transcript

Summary

Today's guest and I have been featured alongside one another in articles focusing on the topic of millennials and money for quite a few months now. Karen Carr is a fantastic financial planner and somebody who really understands the millennial’s mindset and the millennial’s pocketbook. That’s why a lot of people in the news, and, of course, financial world want to hear from her. She really understands their needs and wants, as well as their likes and dislikes. So, I am really excited to pick her brain on this show today. A little bit more about Karen Carr... she is currently a Certified Financial Planner at Society of Grownups. You might be wondering, “What is the Society of Grownups?” So we’re going to touch on that in the interview. She joined SOG because of her passion for working with young professionals who have their own unique opportunities and challenges. Karen is a big believer that financial planning doesn’t have to be intimidating. It’s definitely not one size fits all. In our conversation, we talk about the specific challenges that millennials face, how she tries to address them, what’s the best way to get financial advice these days and the money memory she had growing as a kid, being told that she was rich and not liking it and actually feeling embarrassed by that. 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 episode 362, Karen Carr.

0:05.4

You're listening to So Money

0:06.8

with award-winning money guru Farnu Shkorabi.

0:09.7

Each day get a 30 minute dose of financial inspiration from the world's top business minds,

0:15.0

authors, influencers, and from Farnus herself.

0:19.3

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

0:23.0

Sorry, you're in the wrong place.

0:25.0

Seeking profound ways to live a richer, happier life.

0:28.0

Welcome to So Money's brought to you today by Wealthfront. Wealthfront is the most

0:36.7

tax-efficient low-cost hassle-free way to invest. Now many of you I know are

0:41.6

interested in simplifying your investment strategy.

0:44.6

You want to reduce fees, you want to work with a service that you trust.

0:48.0

And Wealthfront delivers.

0:49.7

It builds and manages your personalized globally diversified portfolio.

0:54.4

To open an account, the minimum is just $500 and that gets you a periodically rebalanced diversified

1:00.7

portfolio of low-cost index funds.

1:04.4

There are zero trading fees, zero hidden fees,

1:07.4

and advisory fees that are just a fraction

1:09.8

of traditional advisors.

1:11.4

In fact, Wealthfront manages your first $10,000 for free. To learn more

1:16.6

and sign up, visit Wealthfront.com forward slash So Money.

1:21.6

Welcome to So Money, everyone. Thanks for joining. I'm your host,

...

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