The Financial Samurai Podcast

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!

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?lang=en) Real Estate Recommendation Check out Fundrise, a premier private real estate platform if you want to invest in real estate passively. Fundrise mainly invests in residential and industrial properties in the Sunbelt, where yields are higher and valuations are lower. Related Financial Samurai Posts: Don't Make $400,000 A Year: Look At How GS Analysts Suffer Thinking About Getting A PhD? Not Sure If It's Worth It 20 Best Side Hustles To Make Extra 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 enjoy this episode, please share, rate, and subscribe. It helps the FS podcast grow!    

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.  

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, review, share, and subscribe! Every review means a lot. 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.  Financial Samurai began in 2009 and is one of the largest independently-owned personal finance sites in the world with over 1 million visitors a month. Sam is one of the pioneers of the modern-day FIRE movement.  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!

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 estate more strategically and passively with 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.  Sign up for Empower, the best free online financial tool to manage your 401(k). With Empower, you can x-ray your 401(k) portfolio for excessive fees, track your net worth, and better plan for your retirement. I've been using Empower to track my net worth since 2012. The more you can stay on top of your finances, the better you can optimize your finances. Both Fundrise and Empower are affiliate partners. 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 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, including the Wall Street Journal bestseller, "The Art of Being Unmistakable."     Podcast The Unmistakable Creative Podcast   Books An Audience of One: Reclaiming Creativity for It's Own Sake Unmistakable: Why Only is Better Than Best   Free Resources Maximize Your Output Youtube Channel- Knowledge Management Tutorials The Ultimate Guide to building a Second Brain With Mem How to Take Smart Notes E-Course   Course Maximize Your Output with Mem 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!

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 Getting A Free Call Option How To Invest Your Down Payment If You Are Planning To Buy A Home Real Estate Recommendation Check out Fundrise, a premier private real estate platform if you want to invest in real estate passively. Fundrise mainly invests in residential and industrial properties in the Sunbelt, where yields are higher and valuations are lower. 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 enjoy this episode, please share, rate, and subscribe. It helps the FS podcast grow!  

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.  You can also buy the book on Amazon if you missed the initial promotion on Biggerpockets in the link above. 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.  To invest in real estate more strategically and passively, check out Fundrise. Fundrise manages over $5 billion, mostly in residential and industrial real estate in the Sunbelt. The spreading out of America is going to be a multi-decade trend. 

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 improvision of a lullaby I wrote called, Cutie Baby. You can hear my version and his piano version. https://www.financialsamurai.com/cutie-baby-a-samurai-lullaby/ Finally, Charlie provided his thoughts on creativity and how to be more creative in my post, How To Be More Creative. https://www.financialsamurai.com/how-to-be-more-creative/ 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!

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 Pad = high control/low certainty Passenger Seat= low control/high certainty 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 enjoy this episode, please share, rate, and subscribe. It helps the FS podcast grow!

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 FS post: What's In A Home Insurance Policy? Things You Need To Know Recommendations If you're looking for a home insurance policy, check out Policygenius, the one stop marketplace for home insurance and other insurance needs. Instead of apply to individual insurance carriers one-by-one, apply for a home insurance policy on Policygenius and get multiple insurance offers. Then choose the best one that's right for you. For more nuanced personal finance content, join 60,000+ 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.