Using Your Financial Anxiety to Make Better Decisions
Listen now
Welcome to NerdWallet’s Smart Money podcast, where we answer real-world money questions. In this episode:  Nerds Sean Pyles and Kimberly Palmer speak with Farnoosh Torabi, author of the new book, “A Healthy State of Panic.” She explains how we can use our fears as a superpower to make better decisions when it comes to finances, career and life. Torabi is a personal finance expert and host of the “So Money” podcast.  In their discussion, Torabi shares how her upbringing as the daughter of immigrants taught her to be fearful of certain things, but that as an adult, she realized that embracing her natural fear of negative outcomes actually helps her to make better choices. During the pandemic, she decided to take the risk of buying a new home, even though she was scared of taking such a big leap. In retrospect, she says, it was one of the best decisions she and her family could have made. Torabi also shares her advice on how to overcome paralyzing fear. Sometimes, she says, it’s a good idea to actually think through every terrible outcome that could occur, so you can realize that those results are unlikely to become reality. And in some cases, she adds, fear stops you from making truly bad choices. And while confronting such heavy topics, Torabi always maintains her trademark humor, bringing levity to difficult conversations.  Check out this episode on your favorite podcast platform, including: Apple Podcasts Spotify NerdWallet stories related to this episode: A Scarcity Mindset Can Cost You Mentally and Financially  Money Envy Harms Mental Health Emergency Fund Calculator: How Much Will Protect You? Have a money question? Text or call us at 901-730-6373. Or you can email us at [email protected]. To hear previous episodes, go to the podcast homepage.
More Episodes
Explore strategies to navigate surging mortgage and child care costs so you can meet your goals despite rising expenses. How are rising mortgage and child care costs impacting the typical American family? Hosts Sean Pyles and Anna Helhoski tackle the pressing issue of the dual financial burden...
Published 02/21/24
Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. In this episode:  Learn investment and tax strategies to help you achieve financial security and prepare for a prosperous retirement. How can you balance saving for emergencies and investing for the...
Published 02/19/24