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The Financial Samurai Podcast

Latest episodes

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Feb 16, 2023 • 26min

Why Early Retirement / FIRE Is Becoming Obsolete

For more nuanced personal finance content, join 55,000+ others and sign up for the free Financial Samurai newsletter and posts via e-mail. Financial Samurai is one of the largest independently-owned personal finance sites that started in 2009.  As one of the pioneers of the modern-day FIRE movement, I’ve witnessed many changes since 2009. In the good old days, the goal was to simply generate enough passive income to cover your living expenses. You could then retire early because you were financially independent. Post-pandemic, however, I’ve come to realize early retirement / FIRE is now becoming obsolete. We no longer have to invent new definitions of financial independence. We no longer have to retire early either! Let me explain why. See post: Why FIRE Is Becoming Obsolete Resources For Greater Wealth Check out Personal Capital, the best free tool to help you track your money. With Personal Capital, you can track your investments, see your asset allocation, x-ray your portfolios for excessive fees, and more. Also check out NewRetirement, software specifically built to help you achieve the best retirement possible. NewRetirement’s retirement features are the most comprehensive on the market today. Pick up a copy of Buy This, Not That, my instant Wall Street Journal bestseller. The book helps you make more optimal investment decisions so you can live a better, more fulfilling life. Thanks for all your positive reviews! - Sam
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Feb 9, 2023 • 15min

The Ideal Amount Of Passive Income To Make And Invested Capital To Accumulate Based On Tax Rates

Join 55,000+ others and sign up for the free Financial Samurai newsletter and posts via e-mail. Financial Samurai is one of the largest independently-owned personal finance sites that started in 2009.  Check out Personal Capital and NewRetirement, the two best tools to help you build wealth and manage your wealth in retirement.  Click here to see the short-term and long-term capital gains tax rate charts for 2023. This episode discusses the ideal amount of passive income to make and the ideal invested capital to accumulate based on the current tax rates.  Mentioned posts: The Ideal Net Worth Amount Before Retiring The Difference Between Active Income And Passive Income
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Feb 2, 2023 • 24min

The Best Reason To Retire Early

For more nuanced personal finance content, join 55,000+ others and sign up for the free Financial Samurai newsletter and posts via e-mail. Financial Samurai is one of the largest independently-owned personal finance sites that started in 2009.  **** Click here for the happiness by age chart. I’ve finally discovered the best reason to retire early. A longer steady-state period of happiness. It has taken me 10 years of fake retirement to come up with this epiphany because I had to experience the process myself. In the past, I’ve written that early retirement isn’t all sunshine and rainbows. I went through plenty of struggles trying to find meaning and purpose during my first two years post traditional work. Therefore, it wasn't clear that early retirement brought about more happiess. Resources For Greater Wealth Pick up a hardcopy of Buy This, Not That, my instant Wall Street Journal bestseller. The book helps you make more optimal investing decisions using a risk-appropriate framework by age and work experience. Arm yourself with the knowledge you need so your money will work harder for you. Pick up a copy on sale at Amazon today! Thank you for writing a postivie 5-star review for this podcast and my book. I really appreciate it!
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Jan 24, 2023 • 20min

Why FEAR Will Make You Rich, Fit, Happy, And Free

For more nuanced personal finance content, join 55,000+ others and sign up for the free Financial Samurai newsletter and posts via e-mail. Financial Samurai is one of the largest independently-owned personal finance sites that started in 2009.  If you don't have enough fear, you're going to remain set in your ways. You won't have the motivation to make more money, get in better shape, meet new people, and live a better life.  Posts mentioned: The One Ingredient For Achieving Financial Independence Conduct A Regret Minimization Exercise To Move Forward The Importance Of Feeling Consistently Uncomfortable For Personal Growth Resources For Greater Wealth If you want to invest in real estate more surgically, take a look at Fundrise. Demand for real estate is starting to rebound as mortgage rates and prices decline. With foreigners looking to buy U.S. real estate again, we could see a nice recovery.  Pick up a hardcopy of Buy This, Not That, my instant Wall Street Journal bestseller. The book helps you make more optimal investing decisions using a risk-appropriate framework by age and work experience. Arm yourself with the knowledge you need so your money will work harder for you. Pick up a copy on sale at Amazon today! Thank you for writing a postivie 5-star review for this podcast and my book. I really appreciate it!
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Jan 17, 2023 • 30min

Why Working Hard Might No Longer Be Necessary To Get Ahead Due To A De-emphasis In Merit

Perhaps working hard to make money and get ahead is overrated. With the decline in merit-based compensation and rewards, it may be strategically better to kick back and relax more. It's a risky proposition to do so, but it might work out for the best. In case you are a hardworker who is getting discriminated against based on your identity, here are 7 strategies to survive and thrive if merit no longer matters in the future. Mentioned posts: How To Survive The War On Merit Grades No Longer Matter, Hooray!  Don't Let Honor And Pride Leave You On Hard Mode Forever Recommendations If you'd like to support my ad-free podcast, pick up a hardcopy of Buy This, Not That, my instant Wall Street Journal bestseller. The book helps you make more optimal investing decisions to build more wealth and live better lives. BTNT is on sale at Amazon today!  For more nuanced personal finance content, join 55,000+ others and sign up for the free Financial Samurai newsletter and posts via e-mail. Financial Samurai is one of the largest independently-owned personal finance sites that started in 2009.  As always, thanks for all the positive book reviews and podcast reviews. They help keep me going. 
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Jan 10, 2023 • 17min

The Danger Of Buying Stocks On Margin

Buying stocks on margin is a terrible idea. You could lose all your money. What's worse, you could lose a lot of time and the respect of your peers. Posts mentioned: Losing All Your Money On Margin Might Not Be The Worst That Can Happen To You Buying Stocks On Margin Is A Bad Idea Quantify Your Risk Tolerance Using FS-SEER Recommendations If you'd like to support my ad-free podcast, pick up a hardcopy of Buy This, Not That, my instant Wall Street Journal bestseller. The book helps you make more optimal investing decisions to build more wealth and live better lives. BTNT is on sale at Amazon today!  Check out Personal Capital, the best free tool to help you manage your finances. With Personal Capital, you can track your investments, see your asset allocation, x-ray your portfolios for excessive fees, and more. Staying on top of your investments during volatile times is a must.  For more nuanced personal finance content, join 55,000+ others and sign up for the free Financial Samurai newsletter and posts via e-mail. Financial Samurai is one of the largest independently-owned personal finance sites that started in 2009.  As always, thanks for all the positive book reviews and podcast reviews. They help keep me going. 
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Jan 3, 2023 • 26min

Financial Samurai 2022 Year In Review And 2023 Goals

Happy New Year! Here's a recap of 2022 and our goals for 2023. We'd love to hear about how 2022 went for you and what are your plans for 2023! Posts mentioned: 2023 Financial Samurai Goals 2022 Financial Samurai Year In Review The Best Posts On Financial Samurai 2022 Recommendations If you'd like to support my ad-free podcast, pick up a hardcopy of Buy This, Not That, my instant Wall Street Journal bestseller. The book helps you make more optimal investing decisions to build more wealth and live better lives. BTNT is on sale at Amazon today!  Check out Personal Capital, the best free tool to help you manage your finances. With Personal Capital, you can track your investments, see your asset allocation, x-ray your portfolios for excessive fees, and more. Staying on top of your investments during volatile times is a must.  For more nuanced personal finance content, join 55,000+ others and sign up for the free Financial Samurai newsletter and posts via e-mail. Financial Samurai is one of the largest independently-owned personal finance sites that started in 2009.  As always, thanks for all the positive book reviews and podcast reviews. They help keep me going. 
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Dec 27, 2022 • 10min

Find Outlets For Your Outlets, Pickleball, And Community

I hope everyone is having a wonderful winter holiday! In this episode, I wanted to share my love for pickleball, why you should play it, and the importance of finding outlets for your outlets.  The Financial Samurai podcast is an outlet from fatherhood. It's been a long and hard journey so far. Now instead of tennis, pickleball is my latest outlet from Financial Samurai and fatherhood.  Join 55,000+ subscribers and sign up for my free weekly newsletter. This way, you'll never miss a thing, and learn to build more wealth in a risk-appropriate manner. You can also sign up for getting all my posts via e-mail.  If you'd like to support my ad-free podcast, pick up a hardcopy of Buy This, Not That, my instant Wall Street Journal bestseller. The book helps you make more optimal investing decisions to build more wealth and live better lives. BTNT is on sale at Amazon today!  Posts mentioned: Why You Should Play Pickleball Surprising Solutions To Loneliness The Ideal Weight By Height, Sex, and Frame Where Are All The Adult Athletes? Pushing Sports On Your Kid Early May Be A Waste Pickleball Equipment Recommendations:  I went with the Head Radical Elite for under $60. And I’m sure you can buy used paddles for as little as $20. A three-pack of Franklin balls costs about $8 and can last over 20 games if you’re a beginner.  
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Dec 25, 2022 • 5min

Merry Christmas and Happy Holidays!

Dear Financail Samurai listeners, Merry Christmas and Happy Holidays! Thanks for listening to my podcast all year and also sharing my work. Financially, it's been a hard year for most of us. However, we're still here! Which means we still have the ability to make things better. I hope my episodes have brought you knowledge, laughter, and joy. All the best to you and your family. Recorded 43 Episodes Without A Single Sponsor If you'd like to support my ad-free podcast, pick up a hardcopy of Buy This, Not That, my instant Wall Street Journal bestseller. The book helps you make more optimal investing decisions to build more wealth and live better lives. BTNT is on sale at Amazon today!  For more nuanced personal finance content, join 55,000+ others and sign up for the free Financial Samurai newsletter and posts via e-mail. Financial Samurai is one of the largest independently-owned personal finance sites that started in 2009.  Happy Holidays, Sam
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Dec 22, 2022 • 22min

Surprising Solutions To The Loneliness Epidemic: You Don't Have To Stay Alone If You Don't Want To

The loneliness epidemic has grown since the pandemic began. I fear most for our children who seem like they've taken the biggest hit. Here are some surprising solutions to combat loneliness. Check out this post, Solutions To The Loneliness Epidemic, to see the charts on exactly how much more lonely we are.  Other posts mentioned: Solving The Happiness Conundrum In Five Moves Or Less How Being An Older Parent Can Be Awesome  The Negatives Of Early Retirement Nobody Likes Talking About Resources For Greater Wealth Nothing is better than the gift of education. Pick up a hardcopy of Buy This, Not That, my instant Wall Street Journal bestseller. The book helps you make more optimal investing decisions to build more wealth and live better lives. Pick up a copy on sale at Amazon today!  For more nuanced personal finance content, join 55,000+ others and sign up for the free Financial Samurai newsletter and posts via e-mail. Financial Samurai is one of the largest independently-owned personal finance sites that started in 2009. 

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