The Financial Samurai Podcast

In this episode, I speak to Ben Miller, CEO of Fundrise about his change in outlook for the real estate market in 2024 and beyond. He believes October 2023 was the bottom and we're going up from here.  In this episode we explore several key topics: The reasoning behind Ben's belief that October 2023 marked the bottom, and the less obvious indicators supporting this perspective. The motivation behi...

Happy 2024 everyone! Here are some of our goals and financial predictions for 2024. Overall, we're optimistic about the year. Related posts: 2024 S&P 500 Forecasts 2024 Housing Price Forecasts 2024 Financial Samurai Goals Explaining All The Surprise Capital Calls Investing In 2024 If you'd like to invest in the rebound in real estate in 2024, check out  Fundrise , my favorite private real estate p...

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 Y...

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 Gradu...

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 If you retire early,...

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...

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 tim...

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 R...

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 America...

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...

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 st...

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 g...

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 sho...

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...

I speak to doctor Daniel Shin about his journey to being a urologist in Southern California to leaving behind his $600,000 job and moving to Memphis, Tennessee. We talk about doctor burnout, entrepreneurship, family, and real estate.  You can find out more about Daniel at The Darwinian Doctor ( https://thedarwiniandoctor.com ) and on his TikTok page at ( https://www.tiktok.com/@thedarwiniandoctor?...

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. ...

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 i...

I speak with Brad Stulberg, author of Master of Change, about how to do just that in this chaotic, stressful, and every-changing world. Brad also wrote The Practice Of Groundedness , which I found particularly helpful during the pandemic.  For those who wish to feel a little less stress, a little more calm, and a lot more confident about tackling change, this episode is for you. Please rate, revie...

My wife and I talk about how shockingly low the median 401(k) balances are by generation. We also discuss why we think this is the case and why there is likely no retirement crisis in America.  Financial Samurai Posts: 401(k) Balances By Generation How To Calculate the Value Of Your Pension The 60-Day Rollover Rule The Right Ratio Between Income And Distribution Recommendations Diversify into real...

I speak to Srinivas Rao host and founder of The Unmistakable Creative Podcast, where he has interviewed over 1,000 thought leaders, entrepreneurs, and creatives. He is also the creator of the Maximize Your Output course, which helps individuals optimize their workflow and productivity. Srinivas is passionate about helping others achieve their creative goals and has authored several books, includin...

Buying a home with contingencies is rare during housing bull markets. But as higher mortgage rates dampen investor demand, being able to put in contingencies before buying a home is now more possible. Let me share with you why buying a home with contingencies can make you lots of money. It will also make you feel better in the process! Relevant posts:  Buying A Home With Contingencies Is Like Gett...

In this episode, I speak to Chad Carson about his new book, The Small And Mighty Real Estate Investor . Chad played linebacker for Clemson University and decided to dive deep into real estate as a career. To buy the book, click here (BiggerPockets) or above and use the discount count  SAMURAI to save 10%. It's an incredibly thorough book if you ever wanted to start building your real estate empire...

I speak to Charlie Albright about his journey from being a pianist since three-and-a-half, to graduating Harvard and Juliard, to playing at some of the biggest venues in the world as a concert pianist.  Please visit his website https://www.charliealbright.com to connect, learn, and book. I saw Charlie perform live and it was a magical experience. Charlie also was kind enough to record an amazing i...

I speak to Peter Atwater, author of The Confidence Map about understanding the role of emotions in decision making. Peter is also an adjunct professor at William & Mary, where we both are alumni.  By plotting our experiences across four boxes, we can gain powerful insight into our decision-making process: Stress Center = low control/low certainty Comfort Zone = high control/high certainty Launch P...

With the tragic fire that occurred in Lahaina, Maui, it's important to review your home insurance policy and understand what it does and does not cover. You also need to have contingency plans in case your house burns down. If you have not done so already, call your home insurance company to review your coverage details. You don't want to be caught underinsured in case the worst happens. Relevant...