The Financial Samurai Podcast

Latest Episodes:

Giving Up Your Day Job To Be A Rideshare Entrepreneur With Harry Campbell Jun 06, 2023

Show notes

A conversation with Harry Campbell, founder of TheRideshareGuy.com. Harry left his job at Boeing in his late 20s to focus on his site full-time. Today, Harry enjoys being a lifestyle entrepreneur and a father to two kids.

For those of you itching to leave your day job to become an entrepreneur, you'll appreciate the insights on how Harry decided to take the leap of faith.

Recommendations

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!

Car Mileage Versus Ownership Time When It Comes To Maintenance Expenses Jun 02, 2023

Show notes

Car mileage is the main determinant of how often you'll have to spend fixing issues, even more so than the length of time you own the car. Here's a discussion on my blindspot on why I find Range Rovers to be more reliablity than perception. I've owned a Land Rover for 20 years now and wouldn't own one if they were chronically unreliable.

We also discuss how my desire for cars have changed as I've aged.

Relevant posts:

The Best Way To Save On Car Maintenance

The Biggest Benefit Of Driving A Cheap Old Car

8 Cars In 10 Years: I Have A Car Buying Addiction

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 enjoyed this podcast, I'd appreciate a great review and a share with your friends!

Accepting The Trauma Of Remodeling A Home May 30, 2023

Show notes

To invest in real estate. take a look at Fundrise, my favorite private real estate platform. Fundrise has funds that invest primarily in single-family and multi-family properties in the Sunbelt.

For more nuanced personal finance content, join 60,000+ others and sign up for the free Financial Samurai newsletter. This way, you never miss a thing.

Episode Overview

After discussing our wins and our regrets during the pandemic, I realized I left out one of our biggest "wins": gut remodeling a home!

Let's discuss the trauma of remodeling a home and who should do it. Because it's not for everybody!

Why Home Remodeling Always Takes Longer And Costs More Than Expected

Remodel With Permits Or No?

The Active Investing versus Passive Investing Debate May 23, 2023

Show notes

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 podcast, I'd appreciate a great review and a share with your friends!

Support My Work

To build generational wealth, 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.

To learn how to negotiate a severance and be free, pick up a copy of How To Engineer Your Layoff. Use the code "saveten" to save $10.

Episode Overview

A reader asked me why I bother with active investing when passive investing has proven to be the winner long term.

Posts mentioned:

Two Levels Of Rich: One Of Which Doesn't Rely On Index Funds

How I'd Invest $1 Million Today For A Better Tomorrow

Active versus Passive Index Investing Performance Comparison

How To Invest In Top Venture Capital And Venture Debt Funds May 18, 2023

Show notes

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 podcast, I'd appreciate a great review and a share with your friends!

Support My Work

To learn how to negotiate a severance and be free, pick up a copy of How To Engineer Your Layoff. Use the code "saveten" to save $10.

Episode Synopsis

If you're interested in investing in top venture capital, venture debt, and private equity funds let me share with you how. Being an accredited investor is enough since plenty of people have a lot of money.

Relevant posts:

Why Invest In Private Funds Even Though They Have High Fees

How I'd Invest One Million Dollars Today

Understanding Venture Debt

Becoming An E-Commerce Entrepreneur with Steve Chou from My Wife Quit Her Job May 16, 2023

Show notes

In this epsiode, I interview Steve Chou, founder of the blog My Wife Quit Her Job and author of The Family First Entrepreneur. If you're interested in hearing thoughts about building an e-commerce business, raising a family in an expensive location, and having more freedom, this episode is for you.

Join 60,000+ others and sign up for my free weekly newsletter so you never miss a thing. You can also get all my posts via e-mail as soon as they come out by subscribing here.

Finally, if you enjoy this podcast, I'd appreciate a great review and a share with your friends! Your reviews are what keep me going.

Regrets And Wins Now That The Pandemic Is Over May 12, 2023

Show notes

If the pandemic taught us anything, it's that life is not guaranteed. If you have debt and/or dependents, get life insurance. You can receive custom competitive quotes through PolicyGenius. Once my wife locked down affordable 20-year term policies through PolicyGenius, we felt tremendous mental relief.

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!

Support My Work

To build more wealth, 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.

To learn how to negotiate a severance and be free, pick up a copy of How To Engineer Your Layoff. Use the code "saveten" to save $10. Negotiating a severance was my #1 catalyst to retire early.

Episode Synopsis

Now that the Public Health Emergency for COVID-19 has been lifted, I wanted to review the entire pandemic period. I'll talk about some wins and some regrets. Essentially, the pandemic was an experience in hedging our lives against regret. What are you proud of doing and not doing since 2020?

Posts mentioned:

The Pandemic Was An Experience In Hedging Your Life

The Median Income For Ivy League Gradates And Where They End Up Working May 09, 2023

Show notes

For employees who plan to move on to a different job, try and negotiate a severance package so you can leave with money in your pocket. To learn how, check out my book, How To Engineer Your Layoff: Make A Small Fortune By Saying Goodbye.

It's newly updated for 2023 and is now in its 6th edition with 50 more pages (250 pages total) of strategies. Use the code "saveten" to save $10.

Don't forget to join 60,000+ others and sign up for my free weekly newsletter so you never miss a thing.

Finally, if you enjoy this podcast, I'd appreciate a great review and a share with your friends!

Episode Synopsis

If you go to a top 0.5% school, you better get paid at least a top 1% income right? Wrong. Let's look at the median income earned by Ivy League graduates three years, 10 years, and 20 years out. We'll also look at what these Ivy League graduates end up doing for work.

Posts mentioned:

Median Income For Ivy League Graduates: Unimpressive At First

Find Your Ikigai: Your Reason For Being

Regards,

Sam

The Fed Hikes Rates To The Highest Level Since 2007, Now What? May 04, 2023

Show notes

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.

Stay on top of your finances by signing up with Empower, the best free wealth management app today. Since 2012, I've been using Empowers free tools to manage my net worth an x-ray my portfolio for excess fees.

If you enjoyed this episode, please leave a positive 5-star review!

Episode Synopsis

Despite all the carnage in the banking sector, the Fed hiked rates again on May 3, 2023 to 5% - 5.25%. This is the highest Fed Funds rate since 2007, a year before the global financial crisis devastated millions of lives.

Let's look on the brightside if we go back into a deep recession.

Posts mentioned:

The Upside Once The Fed Destroys The Middle Class

Personal Lessons Learned Since The 2008 Global Financial Crisis

Support My Books

To learn how to negotiate a severance and be free, pick up a copy of How To Engineer Your Layoff. Use the code "saveten" to save $10.

Higher Mortgage Fees For Those With Higher Credit Scores And Vice Versa May 02, 2023

Show notes

Shop around online for a better mortgage rate with Credible. You can get multiple real quotes in one place so lenders can compete for your business.

If you enjoyed this episode, please leave a positive 5-star review!

Episode Synopsis

Do you have a high credit score? Congrats! You now have to pay higher mortgage fees or a higher mortgage rate starting May 1, 2023. Conversely, if you have a low credit score, you now get to pay lower mortgage fees or a lower mortgage rate. Let's explore why this is and how the new rule could be a net positive for society. Because the initial knee-jerk reaction is negative. Posts mentioned: Higher Credit Scores Now Mean Higher Mortgage Fees Or Rates No Such Thing As A No-Cost Mortgage The 30/30/3 Homebuying Rule To Follow

Our TOPPODCAST Picks

Follow Us

Stay Connected

The Financial Samurai Podcast

Related Podcasts

Links

Stay Connected