Today on the Consumerism Commentary Podcast, Tom Dziubek talks to Farnoosh Torabi, author of the book Psych Yourself Rich: Get the Mindset and Discipline You Need to Build Your Financial Life and Money Coach on the SOAPnet reality TV show Bank of Mom and Dad. Tom and Farnoosh discuss many of the topics in her book such the definition of being “rich”, the things you need to feel rich and also how people can apply Google’s “20% rule” to their own lives. Finally, Farnoosh talks about “Bank of Mom and Dad”.
Psych Yourself Rich, Farnoosh Torabi: S04E2 / 102
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Table of contents
[00:00] Introduction from Tom
[00:36] Interview with Farnoosh Torabi
— [00:51] Farnoosh’s background
— [04:02] Being “rich”
— [07:30] Financial responsibilities in a relationship
— [08:55] Money that works
— [10:00] The concept of retiring with millions of dollars
— [12:27] Goal ambivalence
— [16:32] Google’s 20% rule
— [19:56] Getting yourself on the path to psyching yourself rich
— [23:46] Bank of Mom and Dad
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Updated May 5, 2014 and originally published October 31, 2010.