Sam Dogen: Financial Samurai founder, personal finance blogger
Helping listeners achieve financial freedom sooner rather than later. Financial Samurai is America's number one personal finance
blog and podcast helping you make more money, save more money, and live the life that you truly want.
Although inflation is at its highest rate in 30 years, inflation should normalize in 2022 and beyond. Instead, we should start worrying about a boom BUST cycle due to excess supply in the future. Posts mentioned: Cities Most At Risk Of A Housing Downturn
7 min 30 sec
In a bull market, it's easy to get carried away. Just be careful not to think you're an investing genius when it's really the bull market that is helping you make winning investments. Work on building your strong mind for more financial security. It's your ultimate secret weapon! Posts mentioned: https://www.financialsamurai.com/the-ultimate-source-of-financial-security-your-strong-mind/ https://www.financialsamurai.com/perpetual-failure-the-reason-why-i-continue-to-save-so-much/
13 min 25 sec
We only have about a 20-year window to own the nicest house we can afford. After this 20-year window closes, it will likely be shut forever. If you're looking to buy a nicer home, let's explore when we should spend the most money on where we live. Posts Mentioned: Primary Residence As A Percentage Of Net Worth Guide How A Big Expensive House Can Ruin Your Life The Best Time To Own The Nicest House You Can Afford
13 min 6 sec
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
11 min 1 sec
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
12 min 4 sec
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
17 min 40 sec
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/
25 min 32 sec
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
20 min 26 sec
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
16 min 21 sec
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
14 min 53 sec
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
21 min 22 sec
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
15 min 2 sec
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/
12 min 55 sec
The housing market is hot, hot, hot! Even though I think with 80% certainly that the housing market will continue to go up every year for the next three years, there's still a 20% chance it could correct. Let me share what happens if you buy a home at the top of the market. If you decide to buy today, make sure you following my 30/30/3 home buying rule! Posts: https://www.financialsamurai.com/what-if-you-buy-a-home-at-the-top-of-the-market-and-a-recession-hits/ https://www.financialsamurai.com/three-home-buying-rules-for-all-to-follow/ https://www.financialsamurai.com/why-the-housing-market-wont-crash/
13 min 5 sec
The retirement philosophy you follow will determine whether you agree with the 4% rule or the Financial Samurai Safe Withdrawal Rate Rule. Posts mentioned: Two Retirement Philosophies To Think About The Proper Safe Withdrawal Rate
10 min 14 sec
Once you have housing FOMO, there's no escape. Your housing FOMO tends to increase dramatically after having kids. Beware! Related post: Why Real Estate Will Always Be More Desirable Than Stocks
7 min 35 sec
Here are 15 reasons why the housing market won't crash. I predict high single-digit price appreciation for the next three years. Stay long and strong.
33 min 9 sec
Let's discuss the absolute biggest negative of paying down your mortgage early. Here are all the negatives of paying down your mortgage early as well.
12 min 56 sec
Are you wondering whether the stock market is in a bubble due to all the mania surrounding Gamestop, AMC Entertainment and more? Let's discuss what happened during past manias and the last time hedge funds lost billions of dollars of their client's money.
16 min 51 sec
2021 Financial Samurai forecast for stocks, bonds, real estate, the economy, and the 10-year bond yield. These forecasts will dictate how I asset allocate and put real money to work to maintain financial freedom or help you gain financial freedom! See post: 2021 Financial Samurai Predictions
23 min 54 sec
Hi Folks! Checking in during the holidays. We've been trying to take things easier and plan for a long winter a head. My wife and I talk about French Laundry, money, kids, and the future.
19 min 16 sec
There are two mortgage market abnormalities worth taking advantage of right now by homeowners and potential homeowners. Further, if economic forecasts are as rosy for 2021 as some banks believe, then mortgage rates will likely go higher. This also means your bond portfolio will likely underperform as well. See the post here.
13 min 21 sec
My wife and I debate whether a lottery admissions or an entrance exam is better for students, teachers, parents, and society. You can read the post here and vote on which is best too.
26 min 12 sec
My wife and I discuss our retirements at 34 and 35, respectively. We also discuss the ideal age we think people should retire if they can. Life is both short and long. We all want to maximize happiness and minimize regrets. Read the post: The Ideal Age To Retire To Minimize Regrets
15 min 33 sec
The demise of big city living is overblown. Big city living has gotten better post pandemic given there's less congestion, less competition, and more living options. I'm focused on buying more big city real estate before the inevitable V-shaped recovery in the next couple of years. See the post here.
22 min 51 sec
What is the right amount of money to give our adult children while we are alive without spoiling the heck out of them? What is the right amount of money to leave our children after we die? I've developed a logical framework to maximize our giving and supporting of our family. See the post here.
22 min 19 sec
The 4 percent rule is outdated. It was established in 1998 when the 10-year bond yield was at ~5 percent. Of course you're never going to run out of money withdrawing at 4 percent when you can make 1 percent more risk-free! Follow the 0.5 percent rule instead for a safe withdrawal rate in retirement. Follow the times or suffer the consequences. Read the post here.
29 min 55 sec
After giving homeschooling a lot of though, my wife and I have decided to go the homeschooling route. COVID-19 was just the catalyst to get us over the hump. We tried preschool for a solid 5 months and enjoyed it. However, there were lots of downsides as well. My wife joins me on this episode.
26 min 24 sec
So you love chasing unicorn stocks to get rich. So do I! However, you should probably be more judicious with your active and passive investing split. It's really easy to get caught up in stock market mania and then blow yourself up. Here's my recommended passive and active investing split by personality so we can get rich more responsibly. Read more here.
15 min 8 sec
For those who are worried about inflation, don't be. There is not going to be inflation or inflation worries for years, if ever. I've got to believe the only people who are worried about inflation are people who took out a 30-year-fixed mortgage or who are against America! Relevant post: Why An ARM Is Superior To A Fixed-Rate Mortgage
9 min 41 sec
It looks like demand for buying a home has hit an 11-year high. Before you buy a home, it's good to know what's going on in the mortgage industry. The mortgage industry / banks hold the key to a steady real estate market. See this post for more charts and details.
29 min 19 sec
Let's have a discussion on how climate change may affect real estate prices. Your desire for a beachfront home might be misplaced. But maybe it's best to live life now! Post: How Climate Change May Affect Real Estate Prices
14 min 9 sec
Wondering whether to pay down your mortgage debt or invest? I go through a logical framework of how to do both, and also highlight the extra benefits of paying off a mortgage: more courage! Mentioned posts: No Mortgage More Courage FS-DAIR: Invest and Debt Framework
11 min 11 sec
Racism is systemic in America. We must speak up and fight back against racism. We must share our stories and hold racists accountable for their actions. Do not stay silent during this time of crisis. Let us do our part in helping end the cycle of hate. Mentioned posts: Dear Minorities, Please Use Racism As Motivation To Achieve Financial Independence The Importance Of Feeling Consistently Uncomfortable For Personal Growth
26 min 31 sec
I've been skeptical about college for a while, but now that the pandemic has hit and tens of millions of jobs are lost and perhaps never coming back, I find college to be too risky of an investment to make for the average middle class family. Pertinent posts: https://www.financialsamurai.com/should-i-go-to-public-school-or-private-school/ https://www.financialsamurai.com/recommended-529-plan-amounts-by-age/ https://www.financialsamurai.com/accept-1000000-to-attend-public-school-over-private-school/
18 min 32 sec
With such a massive 30%+ rebound from the lows in March 2020, the S&P 500 is almost back to 3,000. I discuss why I've de-risked in my taxable investment portfolio. At the same time, I also discuss why you may want to keep holding onto your stocks. Here are some bearish charts and some bullish charts for you to review and consider.
25 min 4 sec
So you want to save for college in a 529 plan but you're unsure of how much to save. Or, you're wondering whether you should contribute more or less. I address your questions and more in this episode and in this post with a detailed chart.
18 min 57 sec
Don't you dare slack off. We're almost done with mass lockdowns and now is the time to step things up a notch. There will be consequences if you do not!
9 min 50 sec
Buying real estate during the COVID-19 pandemic is tricky because of lockdowns and lower inventory. But this is a chance for buyers to get a great deal from a doomer bear seller. Highlighted posts: Real Estate Buying Strategies During A Pandemic How To Get Preapproved For A Mortgage
20 min 30 sec
I believe the PPP program is the best economic stimulus program the government has ever created. However, more than one month into the PPP program, there is some disappointing progress. There is also some hesitation by small business owners who have accepted the PPP to spend the money due to fear of it not being forgiven. Let's discuss! Post highlighted: The Paycheck Protection Program
10 min 39 sec
A look at the latest enhanced unemployment benefits and ranking the highest and lowest unemployment benefit amounts by state. See this post for charts: Highest And Lowest Unemployment Benefit Amounts By State See this post if you need information on how to file: Coronavirus Unemployment Benefits: How To File
17 min 9 sec
With the S&P 500 up over 25% from its lows, let's look at what the Doomers got wrong so we can potentially make better decisions investment decisions in the future. Post reference: How To Predict The Stock Market Bottom Like Nostradamus
20 min 2 sec
Just checking in to share that good things have been happening since the last episode. Paycheck Protection Program is awesome if it goes through. Stimulus Checks are getting dispersed to millions. Unemployment benefits are $600 more a week. The stock market has rebounded a lot. Hang in there folks!
11 min 16 sec
Are you wondering when the stock market will bottom during a bear market? So am I! Here's an easy exercise all of us equity investors can go through to estimate when the stock market will finally find a footing. The exercise will calm your nerves and provide you with rational entry points to invest. Read: How To Predict A Stock Market Bottom for charts and graphs as well.
21 min 13 sec
It was good while it lasted. Now it's time to hunker down.
11 min 37 sec
Besides working to pay your taxes, perhaps nothing feels more depressing than going to work only to lose more money in your investments. Here are some thoughts on how to overcome this feeling of futility. Read more on FinancialSamurai.com.
14 min 12 sec
Coronavirus fears have hit stock markets around the world. Here are my thoughts on how to best navigate the investment waters, what we can learn from history, and what I'm personally doing. I truly believe real estate is going to outperform stocks in 2020, like it did in 2018.
13 min 24 sec
Cherish life. Tomorrow is not guaranteed.
8 min 32 sec
Here are all the reasons why I'm an early retirement failure. It was a good 8-year run, but all good things must come to an end! Read the post here.
24 min 13 sec
At last! The government doesn't something positive for most American's retirement plans! Let's learn about all the things the SECURE Act does to help Americans save more for retirement. Read the post here.
13 min 39 sec