The Financial Samurai Podcast

The podcast discusses the hosts' goals for 2024, including completing a book and reading nonfiction. It also covers predictions for interest rates, real estate, and the stock market in 2024, as well as investing strategies for the year.

Sydney and I review 2023 and discuss the importance of intrinsic motivation to keep going. Be aware of only chasing extrinsic motivators, like money, fame, and promotions, to achieve your results. If you do, chances are high you'll burn out quicker than expected. We'd love a share and a review of the podcast. Each episode takes at least two hours to produce.  Related post: 2023 Financial Samurai Year In Review: More Failes Than Wins The Best Posts And Podcasts On Financial Samurai 2023 To Succeed, Intrinsic Rewards Must Dominate Extrinsic Rewards Subscribe To Financial Samurai Join 60,000+ others and subscribe to my free weekly newsletter. This way you always stay on top of the most important events in the stock market, real estate market, and everything personal finance.  Pick up a copy of my WSJ bestseller, Buy This Not That. As a first edition, first print with some typos, it could be a valuable collector's item in the future.   

I speak to Sydney, my wife, about the idea of sending our children to Community College instead of directly to a four-year state or private university. The benefits are many, including less stress and more fun! If you enjoyed this episode, please rate, review, and subscribe! Posts mentioned: Community College May Be The Way: How I Plan To Spend $1.5 Million Median Income Earned By Ivy League Graduates Keep In Touch With Financial Samurai Join 60,000+ others and subscribe to my free weekly newsletter. This way you always stay on top of the most important events in the stock market, real estate market, and everything personal finance. 

The podcast discusses the challenges of staying retired after early retirement, the benefits of investing in artificial intelligence companies, and the idea of relocating to a slower paced city for a more balanced retirement. It explores the relaxed lifestyle in Europe and Hawaii and provides insights on staying retired.

I speak to my friend and 4-time NBA champ, Shaun Livingston about his journey from high school basketball prodigy to winning multiple championships with the Golden State Warriors.  If you're an NBA fan or a professional sports fan, you're going to love this episode. Please rate, review, and subscribe to the podcast. Every review means a lot! Related Financial Samurai posts: Where Are All The Adult Athletes? Sports And Your Career The Secret To Your Success: 10 Years Of Unwavering Commitment  Subscribe To Financial Samurai Join 60,000+ others and subscribe to my free weekly newsletter. This way you always stay on top of the most important events in the stock market, real estate market, and everything personal finance. 

This episode is sponsored by Danielson Legal, which provides top tier intellectual property legal services for the greatest value proposition available in the market. Their attorneys have formidable experience and expertise from practicing at the highest levels of the profession—from the top law firms in Boston to publicly traded corporate legal departments. Episode Synopsis Supposedly by the time our children turn 19, we will have spent 80% - 90% of the time we will ever spend with them. But that statistic is ridiculous if we make the effort. Let's talk about something absurd, like relocating to where our adult children are once we are retired.  Posts mentioned: Having Absurd Dreams Is OK Because Sometimes They Come True The Pandemic Was An Experience In Hedging Your Life Keep In Touch With Financial Samurai Pick up a copy of How To Engineer Your Layoff. It will teach you how to negotiate a severance package so you can spend more time with your children or do what you want. Use the code “saveten” at checkout to save $10. Join 60,000+ others and subscribe to my free weekly newsletter. This way you always stay on top of the most important events in the stock market, real estate market, and everything personal finance. 

After the real estate industry was found guilty of collusion by a Missouri jury, I spoke to lead trial lawyer, Mike Ketchmark about how the entire process came about.  If you're into real estate, thinking of selling or buying a home, or are curious about how lawyers get compensated, you're going to love this episode! Related posts: Real Estate Collusion Revealed! Misaligned Commission Incentives Real Estate Alternative If you're looking to invest in private growth companies, take a look at the Fundrise Innovation Fund. Roughly 35% of its investments are currently in AI-related companies, which is likely the revolutionary technology over the coming decade. 

This episode is sponsored by Danielson Legal, which provides top tier intellectual property legal services for the greatest value proposition available in the market. Their attorneys have formidable experience and expertise from practicing at the highest levels of the profession—from the top law firms in Boston to publicly traded corporate legal departments. Show notes: We know the median American household has a net worth of about $193,000 and the average American household has a net worth of $1.06 million. But what about the top 1% of American households?  If you want to beat out 99% of Americans, this is how large your net worth should be by age, at a minimum! Is the grind worth it since 99% will fail? I’m not sure that it is. Let's discuss. Related post: Top 1% Net Worth By Age Keep In Touch With Financial Samurai Join 60,000+ others and subscribe to my free weekly newsletter. This way you always stay on top of the most important events in the stock market, real estate market, and everything personal finance. 

After a couple of months, I was able to successfully convince my wife to upgrade homes! But now that she's on board, I'm afraid to move forward.  I'm afraid because it's scarier to buy a home when demand is down. There's a comfort in buying when everybody else wants to buy. But I think I'm mostly afraid of buying because I had to convince my wife. As a result, if anything unfortunate happens after we move, I will feel guilty and to blame.  If you are thinking of making a big move where you and your partner are not 100% alilgned, perhaps this episode will spur you to communicate more about your fears and worries.  Posts mentioned: 5 Ways To Overcome Emotional Attachment To Buy A New Home 30/30/3-5 Rule For Home Buying Income And Net Worth Requirements To Buy A Home At All Price Points Recommendations To invest in real estate more strategically and passively, check out Fundrise. Fundrise manages over $3.3 billion, mostly in residential and industrial real estate in the Sunbelt. The spreading out of America is going to be a multi-decade trend. FS is an investor and affiliate partner of Fundrise.  Join 60,000+ others and subscribe to my free weekly newsletter. This way you always stay on top of the most important events in the stock market, real estate market, and everything personal finance. 

Congrats! The average American household is now a millionaire according to the latest Federal Reserve Consumer Finance Survey. It's good to be average! Alas, the median American household is not a millionaire, which is a better reflection of the average American!  Related posts:  The Average American Household Is Now A Millionaire The 30/30/3-5 Homebuying Rule What Millionaires Do: 1) Invest in stocks  2) Participate in their retirement plans 3) Invest in real estate 4) Start and invest in private companies Investment mention: The Fundrise Innovation Fund that invests in private growth companies in AI, fintech, proptech, and more.  If you enjoyed this episode, please rate, review, and subscribe! Every review makes a difference. Join 60,000+ others and sign up for my free weekly newsletter so you never miss a thing. You can also get every post I publish immediately in your inbox by signing up here.