The Financial Samurai Podcast

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Using Data To Make Winning Investment Decisions Oct 26, 2021

Show notes

There is a tremendous amount of data that can help you make better investment decisions. One strategy I used was the FS20 guide for property buying. Another interesting data source is the Yelp Economic Average report for buying stocks. Let's discuss!

Posts mentioned:

The FS20 Property Indicator For Buyers

Health And Fitness Stocks: The Last Reopening Trade

Social Security Robs From The Poor and Gives To The Rich Oct 19, 2021

Show notes

Social Security is our national pension fund that is underfunded by about 22%. With a massive cost-of-living adjustment in 2022, Social Security actually robs from poorer generations to give to the wealthiest generation of all time!

Let's discuss why Social Security is actually turning out better than expected and how we should change our retirement planning.

Posts mentioned:

Social Security Cost Of Living Adjustments

$3 Million Is The New $1 Million

The New Three-Legged Stool In Retirement

A Roth IRA Conversion Is Probably A Waste Of Time And Money Oct 11, 2021

Show notes

I've thought a lot about doing a Roth IRA conversion lately given it might go away in 2022 and beyond. But I've come to the conclusion that for most people, converting to a Roth IRA won't save you any taxes. Instead, contribute to a Roth IRA when you can and just keep your traditional IRA and other retirement vehicles. Here's the analysis.

See post for more:

A Roth IRA Conversion Is Probably A Waste Of Time And Money

Opening A Roth IRA For Your Kids Is A No Brainer

Living A Middle Class Lifestyle On $300,000 A Year

Public School Versus Private School: Why More Public Schools Will Rank Higher Over Time Sep 25, 2021

Show notes

As a public school graduate and parent, the debate between public school versus private school is fascinating. I think for the vast majority of people, going to public school and handing your kid a $1 million check upon graduation is the way to go.

Posts mentioned:

https://www.financialsamurai.com/why-public-schools-will-rank-higher-than-private-schools/

https://www.financialsamurai.com/the-wide-implications-of-the-college-admissions-bribery-scandal/

https://www.financialsamurai.com/accept-1000000-to-attend-public-school-over-private-school/

The Best Time To Go To Work Is During A Pandemic Sep 16, 2021

Show notes

Is the grass greener on the other side? Maybe! But it sure seems like work is awesome for knowledge workers during the pandemic. I discuss this topic with my wife.

We'll talk about public school rankings later!

Posts mentioned:

Working During A Pandemic

How To Convince Your Spouse To Work Longer So You Can Retire Earlier

The Investment Crossover Point Where Work No Longer Matters Sep 01, 2021

Show notes

Are you feeling less and less motivated to work because your investment returns are surpassing your active income? Let's discuss the crossover point where spending any amount of time working no longer makes sense. I've talked to regular income-earning folks and folks making millions a year. The growing feeling of apathy towards work is the same!

Post: When Investment Returns Are Greater Than Active Income

The Importance Of Always Thinking Ahead Even If People Think You're Crazy Aug 24, 2021

Show notes

If you dare to publicly think ahead, you may be beaten over the head. However, it's important to always plan for the future and forecast how things might turn out if you want to build greater wealth and happiness.

Come up with a Blue Sky, Realistic, and Bear Case model. You won't be able to forecast all the events that will happen in the world. But if you plan ahead, you will be better prepared to capitalize. It's your life at stake.

Posts mentioned:

Proper Safe Withdrawal Rate

To Get Rich, Practice Predicting The Future

Strong Reasons To Hire A Financial Advisor

Why The U.S. Housing Market Could Go Up Another 30%+: Canada Comparison Aug 16, 2021

Show notes

Although the U.S. housing market is very strong, there's a likelihood prices could go up even further if it gets as hot as the Canadian housing market.

International investors and a self-realization by Americans are the two X factors that could cause the U.S. housing market to jump by another 30% - 75%. Why should Canada have all the fun!

Posts Mentioned

U.S. Housing Market Upside If Compared To Canada

U.S. Real Estate Market: One Of The Cheapest In The World

Why An Umbrella Policy Is A Must To Protect Your Assets Aug 05, 2021

Show notes

Investors have gotten surprisingly much wealthier since the pandemic began. Therefore, it's important to protect your assets with an umbrella policy.

If you haven't updated your umbrella policy in several years, you are likely underinsured for liability and lawsuits.

See: Your Umbrella Policy Needs To Be Updated

The Ideal Time To Contribute To A Roth IRA Jun 29, 2021

Show notes

The ideal time to contribute to a Roth IRA is when you're young and poor. In other words, if you're a student and in your 20s earning less than the maximum income limit, you should be contributing.

However, if you're about the 22% federal marginal income tax rate, it's a push.

Tax diversification in retirement is important!

https://www.financialsamurai.com/disadvantages-of-the-roth-ira-not-all-is-what-it-seems/

https://www.financialsamurai.com/never-contribute-to-roth-ira/

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