The Financial Samurai Podcast

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. 

I talk to Roger Lee, Co-Founder of Human Interest, a YC-backed private company that offers 401(k) plans to small businesses. Human Interest raised $200 million in a Series D round in August 2022 valuing the company at $1 billion. Roughly 80% of small businesses with under 100 people don't have 401(k)s. We talk about how Roger got into Harvard, why he decided to become an entrepreneur instead of go into the management consulting or finance world, AI, and more.  You can learn about Roger's other companies here: Comprehensive.io (payments startup) Layoffs.fyi (layoff tracker in the tech industry) Related posts on Financial Samurai: Net Worth Compositions By Levels Of Wealth: Build A Business Already The Top 10 Reasons To Start An Online Business Today Reflections On Making Money Online Since 2009 Career Advice For Those Wanting To Join A Startup   Keep In Touch With Financial Samurai 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.  If you want to leave your day job, learn how to negotiate a severance with my bestselling ebook, How To Engineer Your Layoff: Make A Small Fortune By Saying Goodbye. Use the code "saveten" to save $10 at checkout.  If you enjoyed this podcast, I'd appreciate a great review and a share with your friends!

I speak to Eric Rosenberg, a long-time blogging buddy, about his journey from corporate employee to freelance writer, podcaster, and web designer. Eric has three children and lives in expensive Southern California. Yet, he's able to provide for his family on his freelance income alone.  If you've ever wanted to become a freelancer and make side money or full-time freelancer money, this is your show! You can find out more about Eric at Eric.money.  Subscribe To Financial Samurai 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.  If you enjoyed this podcast, I'd appreciate a great review and a share with your friends! Every review means a lot.   

I figured out how to cure those afflicted with entitlement mentality! Once cured, I'm positive most will be happier and richer over their lifetimes.  Because for the longest time it boggled my mind how wealthy, privileged people could feel so entitled instead of so grateful. Posts mentioned: Entitlement Mentality Is A Sneaky Wealth Destroyer How To Calculate The Value Of A College Degree Investor Virtue Signaling In A Capitalist Country Is Fascinating Support Financial Samurai 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.  If you want to leave your day job, learn how to negotiate a severance with my bestselling ebook, How To Engineer Your Layoff: Make A Small Fortune By Saying Goodbye. Use the code "saveten" to save $10 at checkout.  If you enjoyed this podcast, I'd appreciate a great review and a share with your friends!

Former urologist turned entrepreneur, Daniel Shin, discusses his journey from a $600,000 job to pursuing entrepreneurship. Topics include doctor burnout, entrepreneurship, family, real estate, income potential for urologists, urinary issues in older individuals, challenges with insurance companies, and financial goals with real estate investments.

I speak to Farnoosh Torabi, host of the So Money podcast and author of her new book, A Health State Of Panic about fear. Specifically, we discuss how we all have fear and how we can harness it to build more wealth and have more purposeful lives.  We also discuss parenthood, how to live a successful life, and how to be more inclusive of different voices in the personal finance field and elsewhere.  Please share, rate, and review if you enjoyed the episode! 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.       

I speak to Ben Miller, Co-Founder and CEO of Fundrise about why his company started a new tech Innovation Fund. We explore why Ben thinks his firm has a competitive advantage, the most promising areas where the fund is investing, and the mechanics of investing in a private venture fund by Fundrise. For more, read my Fundrise Innovation Fund Review post.  To invest in the Innovation Fund, with an investment minimum of only $10, CLICK HERE. Fundrise is a long time sponsor of Financial Samurai. In 2016, I recognized Fundrise's investment thesis of investing in heartland real estate was exactly like mine. So we formed a business partnership that has now lasted for years.