551: Ask Farnoosh, How much should I spend on my mortgage payment & interest rate?
So Money with Farnoosh Torabi
Farnoosh Torabi
4.7 • 2K Ratings
🗓️ 24 March 2017
⏱️ 19 minutes
🧾️ Download transcript
Summary
My dad thinks renting is a waste of money but am I too young to become a homeowner? What exactly is home equity? If my wife and I want to buy a home in the next 5 years is saving the money in a Betterment account a good strategy? Just received a work bonus... where should I allocate the funds? Answering these questions and more on this week's Ask Farnoosh.
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Transcript
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| 0:00.0 | So Money episode 551 ask Farnush. |
| 0:05.0 | You're listening to So Money |
| 0:07.0 | with award-winning money guru Farnush Karabi. |
| 0:10.0 | 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. |
| 0:19.0 | 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. |
| 0:28.5 | Welcome to So Money. |
| 0:32.1 | Welcome to So Money, everyone, March 24th, 2017. It is Ask Far Noo's time. Got your money questions with me. And as always, Sophia, welcome to the show. |
| 0:42.8 | Hey, fine news. |
| 0:44.0 | Hey. |
| 0:45.0 | All right, so we are mid-March here and to all my Persian friends out there, |
| 0:50.0 | happy Noruse, New Year, New You. It's a very fun tradition where, well what do we do? |
| 0:57.0 | We don't even do anything. We had a lot of traditions around New Years when I was growing up in my house, in my household, lots of family friends would come over. |
| 1:06.5 | We would exchange gifts, kind of like our little Christmas when you're Iranian. |
| 1:10.7 | New Year's is like Christmas. |
| 1:12.2 | So hope everybody who celebrates this is |
| 1:14.6 | celebrating it with friends and family and is looking forward to a prosperous |
| 1:19.2 | New Year. All right, so today on Ask Farnoosh, we've got a number of questions regarding retirement |
| 1:26.1 | versus student loans. One person's got some questions about their car, whether they should |
| 1:31.2 | keep it or maybe just deal with the issues that the car has, |
... |
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