So Money with Farnoosh Torabi · Monday, July 27, 2026
Freddy Smith shared a personal experience where his business manager stole his money and failed to file his taxes for three years, resulting in significant penalties. This experience motivated him to learn about personal finance to prevent future issues.
“And the worst part is she didn't file my taxes for three years. So on top of siphoning all my money out of my account, I then found out when she disappeared that I owed three years of back taxes with penalties and interest.”
“So I had a chip on my shoulder of, I just didn't understand how taxes work. I didn't understand how to invest. I I didn't understand money. And so that's why I got taken.”
“So I had a personal vendetta of, like, I need to learn all this because I'm never letting this happen again.”