The Financial Samurai Podcast

If you enjoy the Financial Samurai podcast and this episode, please leave a great 5-star review! It keeps me motivated to keep recording. Thank you.  Join 55,000+ others and sign up for my free weekly newsletter and get my posts delivered to your e-mail by subscribing here.  To gain more financial wisdom than 99% of the population, pick up a copy of Buy This, Not That. My instant WSJ bestseller will be the best personal finance book you'll ever read. Episode Summary: With the government taking over SVB and Singature Bank, Treasury bond yields are now collapsing. Expectations for the terminal Fed Funds rate is now down from about 5.25% to 4.8%. Post mentioned: The Best Way To Get Rich: Turn Funny Money Into Real Assets

Join 55,000+ others and sign up for my free weekly newsletter and get my posts delivered to your e-mail by subscribing here.  To gain more financial wisdom than 99% of the population, pick up a copy of Buy This, Not That. My instant WSJ bestseller will be the best personal finance book you'll ever read. Episode Summary: The collapse of Silicon Valley Bank, the 16th largest bank in America was a shock to me and many. As investors, it's worth trying to understand why SVB would buy 10-year Treasury bonds in 2021, near the top of the market. Let's discuss and also talk about other key takeaways from SVB's collapse. Posts mentioned: How To Prepare For A Bank Run As Contagion Spreads Understand The Yield Curve: A Prescient Economic Indicator How To Pick A Stock Market Bottom Like Nostradamus

To explore whether to convert funds to a Roth IRA, check out NewRetirement. It's Roth Conversion Explorer tool enables you to test out your Roth IRA conversion plan under various tax and wealth scenarios. I recommend you check it out to help you minimize taxes for the future. Join 55,000+ others and sign up for my free weekly newsletter and get my posts delivered to your e-mail by subscribing here.  Thank you for your positive 5-star podcast reviews and for Buy This, Not That! Episode Summary: Are you thinking about contributing or converting tax-deferred funds into a Roth IRA? Let me share some math and some reasons why and why you shouldn't contribute.  Posts mentioned: Shifting Assets From Tax-Deferred To Tax-Now Retirement Vehicles Disadvantages Of A Roth IRA Why I Never Contributed To A Roth IRA But Why You Probably Should

Give yourself or others the gift of financial education by picking up a copy of Buy This, Not That. It is your unfair competitive advantage to building greater wealth. Join 55,000+ others and sign up for my free weekly newsletter and get my posts delivered to your e-mail by subscribing here.  Thank you for your positive 5-star reviews with commentary on my book and this podcast. It helps keep me motivated! Episode Summary: Everybody is up in arms about inflation. But is inflation really hurting us that bad? Does the Fed really have to crush the economy to reduce inflation? The solutions to lower our household expenses seems straightforward. But perhaps it's not easy due to human nature. Here's how to permanently defeat inflation so you can live a more comfortable and affordable life.   Posts mentioned:   Combatting Inflation Is Straightforward But Not Easy   Only The Rich Can Buy New Cars Today   Real Estate Is My Favorite Asset Class To Build Wealth   To Your Financial Freedom, Sam

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.  Episode Overview With Treasury bonds yielding over 5%, the temptation to buy them is great! Let's discuss stocks versus Treasury bonds versus cash in 2023 and 2024.  Personally, I'm happy to invest new money in Treasury bonds as we wait for earnings to decline, the Fed to stop hiking, and a potential recession to play out.  Posts mentioned: Why You Won't Regret Buying Treasury Bonds Yielding 5%+ Net Worth Targets By Age Or Work Experience The Main Type Of Investment Risk Exposure To Be Aware Of Resources For Greater Wealth Check out Empower (previously Personal Capital), the best free tool to help you track your money. With Empower, you can track your investments, see your asset allocation, x-ray your portfolios for excessive fees, and more. 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. Pick up a copy for sale on Amazon today! It'll be the best personal finance book you ever read. Thanks for all the 5-star reviews so far. 

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

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

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!

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!

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. 

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. 

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. 

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.  

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

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.