Personal Finance 

About Farnoosh Torabi

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Farnoosh TorabiThere are a number of smart, savvy and young financial gurus gaining ground right now. One of these Top Money Gurus is Farnoosh Torabi.

Torabi was born in 1980, and grew up in Philadelphia. She is one of the more dynamic of financial experts today. She is a TV personality as well as the author of two popular financial books, one of them an Amazon bestseller.

Farnoosh Torabi has a degree related to finance, as well as a journalism degree. She has a degree from Penn State in Finance and International Business, as well as a Master degree in Journalism from Columbia University. As a result of these degrees, she is considered a qualified financial journalist and expert.

This profile is part of our Top Money Guru poll. For the next two weeks we’ll be highlighting ten personal finance experts for our first ever Top Money Guru poll – you can vote for your favorite guru here. It takes less than a minute and you could win a $100 Amazon Gift Card. Poll ends June 10th.

Where to Find Farnoosh Torabi

Farnoosh Torabi started out at Money magazine in 2003. She has also worked as a business reporter and producer. Her credits also include working as a financial correspondent with TV, one of the properties associated investment personality Jim Cramer. Torabi is also known from her time on Real Simple, Real Life, as well as her work as the host of The Bank of Mom and Dad on SOAPnet.

Throughout all of these career moves, Torabi has been considered practical in the advice she offers, and her financial and journalism background gives her a reputation for credibility.

In 2008, Torabi published her first book, You’re So Money: Live Rich Even When You’re Not. The book was one of the factors that helped launch Torabi as a brand on her own, and it sold very well.

Torabi’s followup effort is 2010’s Psych Yourself Rich: Get the Mindset And Discipline You Need To Build Your Financial Life, a book about how to change your mindset so that you approach money in the “right” way. The idea of first tackling how you think about money, and then changing your habits to match your mindset, was something that resonated with a number of readers.

Since 2010, Farnoosh Torabi has hosted Yahoo! Finance’s Financially Fit video series. Financially Fit is billed as the #1 web-based financial program. She also appears on CBS MoneyWatch, the Today Show, The Nate Berkus Show, and MSNBC. She is also the personal finance expert on Katie, the talk show started by Katie Couric.

Farnoosh Torabi, Young Finance, and Finances for Women

Farnoosh Torabi is especially known for her focus on young adult finances. As someone on the dividing line between Gen X and Gen Y, Torabi seems to understand young adults and their finances. Additionally, she has also done work related to young women and finances.

She has addressed issues of the way women earn money, as well as explored the way that men and women interact now that more women are become bread winners in their families.

However, a lot of the focus is on changing the money mindset, and empowering young people to take control of their finances, and use that control to improve their lives, and their finances.

Five Questions with Farnoosh Torabi

1. How did you get started writing about personal finance?
I had an internship in college at Money Magazine, as part of the Time Inc editorial internship program. I was lucky to get selected and they gave me a choice of magazines to work for during that summer. The internship coordinator was shocked I chose Money. She called me up and said “Just want to make sure you know we have OTHER magazines here like Time, People, Entertainment Weekly, InStyle…You sure you want to work at Money?” I guess she thought I was a big financial nerd (and she guessed right!) That summer I reported on all-things money: 401ks, insurance, taxes, college, etc. My proudest moment was getting a full page article published – a profile of Susan Beacham, the founder of Money Savvy Generation, a financial literacy company for kids.

2. What do you consider your greatest contribution to personal finance?
Sounds so high and mighty! I don’t think of myself in that way…but I am really proud to have helped many young adults get out of debt, save more and just become more comfortable with and interested in personal finance. It’s so important to deliver a positive and motivating message about money to a younger audience. They’re my inspiration.

3. What do you consider your biggest money mistake or regret?
Honestly, I don’t have any financial regrets. Even the mistakes I made in my early 20s, opening up store credit cards, paying only minimum balances, etc…they helped me understand why it’s so much better to be debt-free. Okay…I do regret forgetting to pay a Banana Republic charge. I thought it had been automatically accounted for, but alas, I had overlooked it. And as a result, that 30 day late sting actually came up during a refinancing of a mortgage years later. Goes to show you the little mistakes sometimes haunt you.

4. Which of these superlatives (Most Accessible, Entertaining, Helpful, Respected, Trustworthy) resonates the most with you and why? Most accessible. I wish sometimes I was more entertaining!

5. Who is your favorite guru (in the world) and why? I’m really digging Brene Brown right now. Her work is phenomenal and very inspirational!

Guru Vitals:

  • Twitter Followers: ~13,500
  • Facebook Fans: ~4200
  • # of Books: 2

You can find her on Twitter @FARNOOSH or through her website

What do you think about Farnoosh Torabi?

{ 3 comments, please add your thoughts now! }

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3 Responses to “About Farnoosh Torabi”

  1. THis if the first I have ever heard of Farnoosh. I need to check out some of her articles and the books. Does she have a website or blog?

  2. admiral58 says:

    I’ve read a book of hers, she’s pretty good

  3. Chris says:

    I am very interested in what she has to say and think people of all ages can learn from her. I have always been a suze Orman fan but I think I just found a new person I need to sit up and take notice of.

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