The Financial Samurai Podcast

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.

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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

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.

Posts mentioned:

A Visit To Pity City Shows Your Boss Doesn't Care About You

Who Makes A Million Dollars A Year? A Look At The Top 0.1% Earners

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

I think a window of opportunity to buy a house has opened in 2023. Let me discuss three reasons why it may be good to buy in 2023, and four risks to watch out for.

Posts mentioned:

Buying A House In 2023: A Window Of Opportunity Emerges

Follow The 30/30/3 Home Buying Rule

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To Your Financial Freedom,

Sam

Please take a moment to rate and review this podcast! It helps keep us going. This podcast is ad-free and a labor of love.

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 invest in real estate. take a look at Fundrise, my favorite private real estate platform. With mortgage rates falling and the S&P 500 rebounding, we're entering a good time to start investing in real estate again.

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

If you're feeling anxious as a parent, even with a six-figure household income, I hear you. Due to tremendous competition, comparison, and uncertainty, parents are feeling more stressed than ever before. Let's discuss some solutions.

Posts mentioned:

Generational Wealth And The Angst Of The Not Rich Enough Class

Scraping By On $500,000 A Year: Why Some Can't Escape The Rat Race

Why Families Need To Earn $300,000 A Year To Live A Middle Class Lifestyle Today

For 99.99% less than the cost of college, 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.

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 Synopsis

We know about the different ways WE can pay for college. Now let's figure out how to get OTHERS to pay for our college! The more we can understand the ins and outs of the financial aid system, the more free money we can get. Posts mentioned: How To Game The College Financial Aid System MyIntuition.Org College Financial Aid Calculator Regards, Sam

Join 60,000+ others and sign up for my free weekly newsletter. I dissect all the most important financial topics of the week so you don't miss a thing. You can also get my posts in your inbox immediately after they come out by signing up here.

For 99.99% less than the cost of college, 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.

Episode Synopsis:

The total all-in cost for four years at a state college is about $165,000 and the total all-in cost for four years at the most expensive private college is about $320,000. As a result, how the heck are most families going to pay for college?

Let's explore the many different ways to pay for college to give our children more opportunities while not crushing our own finances in the process.

Posts mentioned:

The Different Ways To Pay For College And My Blind Spot

Roth IRA Or 529 Plan To Pay For College?

The Pros And Cons of Superfunding A 529 Plan

With mortgage rates dropping, the demand for real estate is picking up. Further, the desire to own real assets is also increasing with all this funny money. Take a look at Fundrise, a leading private real estate investment platform that primarily invest in the Sunbelt.

Join 55,000+ others and sign up for my free weekly newsletter. I dissect all the most important financial topics of the week so you don't miss a thing. You can also get my posts in your inbox immediately after they come out by signing up here.

Protect your wealth by picking up a copy of Buy This, Not That. It is your unfair competitive advantage to building greater wealth and making more optimal big life decisions.

Episode Synopsis

Being a venture capitalist is one of the best jobs in the world. Let me share why. For those of you interested in investing in venture capital, you'll have to manage your cash flow to meet your capital calls. A general discussion on navigating private investing in this current environment.

Mentioned posts:

How To Better Manage Your Private Investment Capital Calls

The Ideal Number Of Banking Relationships To Have

Why I Invest In Private Funds Despite The High Fees

Please share this episode with a friend and rate the podcast if you enjoy it!

Sam

With bank runs everywhere, I hope everybody is conducting an internal review of your existing banking relationships! I've done mine and I've decided three banking relationships is ideal for most people. Posts mentioned: The Ideal Number Of Banking Relationships

Recommendations

Join 55,000+ others and sign up for my free weekly newsletter. I dissect all the most important financial topics of the week so you don't miss a thing. You can also get my posts in your inbox immediately after they come out by signing up here.

Protect your wealth by picking up a copy of Buy This, Not That. It is your unfair competitive advantage to building greater wealth and making more optimal big life decisions.

With mortgage rates dropping, the demand for real estate is picking up. Further, the desire to own real assets is also increasing with all this funny money. Take a look at Fundrise, a leading private real estate investment platform that primarily invest in the Sunbelt.

Please share this episode with a friend and rate the podcast if you enjoy it!

Thanks,

Sam

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