“The Sharing Economy”: Personal Finance Expert Farnoosh Torabi Explains What It Is! #Podcast
Personal Finance Expert Farnoosh Torabi shares some amazing information about “The Sharing Economy”. Some of you might get this intuitively. Others might be thinking “say what?”. Here’s how the basics of The Sharing Economy is explained.
Sharing – it’s something most of us learned in Kindergarten, but in recent months this simple interaction has turned into an economic revolution. Coined “The Sharing Economy,” the rise of networks for social sharing, peer-to-peer rentals and online marketplaces are allowing consumers to list, discover and book local experiences, goods and services from a growing community of people all around the world. The shift from consumption to sharing can be seen in everything from lofts, to tree houses, to washing machines.
(umm not sure I would share my washing machine, but if you had one, how about the people next door in the apartment with the baby. Would you rent out your washing machine every couple of days to help them save on time and gas to get laundry done while the baby naps or is out for a walk? Why not?
“The Sharing Economy” is changing the way we travel, consume and live and explain how consumers can make it work for them. Looking to live like the locals on your next vacation, or spend the night in a castle? She can talk about the ins and outs of booking unique, local experiences. Have an extra bedroom or an unused bicycle? She can talk about turning your assets into a second income or becoming a part-time entrepreneur.
Farnoosh Torabi is a personal finance expert, author and TV personality. The New York Times calls her advice “perfectly practical.” She is the author of You’re So Money – Live Rich Even When You’re Not, a nationally acclaimed tell-all for young adults searching for financial independence. Her latest book, Psych Yourself Rich: Get The Mindset & Discipline You Need to Build Your Financial Life is an Amazon best-seller. She is a highly sought-after speaker and frequent financial contributor to Yahoo! Finance and The Today Show.
She currently hosts the Webby-nominated show “Financially Fit” on Yahoo!, the #1 personal finance web series, teaching everyday Americans how to boost earnings, save more and spend smart.
Follow her on her blog, www.Farnoosh.tv
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