The Financial Samurai Podcast

I talk to Emily Luk, Co-Founder and CEO of Plenty, a wealth platform for today's modern couples.

Due to career aspirations, higher education, and the rising cost of living, couples are taking longer to get married and have children. In addition, couples are also building more wealth on their own before getting married.

Plenty is based in San Francisco, California and will launch its platform by April 1, 2024. You can get on the waitlist or join now, depending on when you listen to this episode.

You can also subscribe to the Plenty newsletter and read the Plenty blog if you care about couples issues such as getting married, buying a house, starting a family, saving for college and more.

If you've enjoyed this episode, please leave a review. Every episode takes hours to produce and every review means a lot.

Thanks!

Sam

I speak with Noah Kagan about being one of the first employees at Facebook and Mint, not making the megabucks, and then turning into a successful entrepreneur with AppSumo.

Noah's new book is called Million Dollar Weekend by my same publisher, Portfolio Penguin. You can find Noah on Twitter and YouTube.

Related posts on entrepreneurship:

How Much Entrepreneurship Income Is Needed To Replace Your Day Job Income

What If You Take A Leap Of Faith And Your Dreams Don't Come True

The Lifestyle Business Or The Big Payout

Support Financial Samurai

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In this episode, I speak to Ben Miller, CEO of Fundrise about his change in outlook for the real estate market in 2024 and beyond.

He believes October 2023 was the bottom and we're going up from here.

1. The reasoning behind Ben's belief that October 2023 marked the bottom, and the less obvious indicators supporting this perspective.
2. The motivation behind selling during this period, just after reaching the presumed bottom.
3. The possibility of using one fund's cash to support a deal in which another fund is investing.
4. Ben's insights on investing in office properties at significant discounts.
5. Drawing parallels between e-commerce and the work-from-home trend, highlighting the potential permanent increase in the value of residential properties.
6. Emphasizing the importance of investing in alignment with macroeconomic tailwinds, not headwinds.
7. Discussing the anticipated percentage upside in institutional real estate prices for 2024.
8. Exploring the methodology for calculating the Net Asset Value (NAV) of specific properties within the fund.
9. Recognizing the non-linear nature of significant changes and the importance of staying invested to benefit from high catalyst moments.
10. Reflecting on Ray Dalio's perspective – "I'd rather be approximately right than precisely wrong" – especially in the context of predicting year-end interest rates.
11. Considering the viewpoint that a recession might be bullish for real estate due to the potential rapid and extensive decline in interest rates.

If you want to dollar-cost-average into a Fundrise fund, you can do so by clicking here. The investment minimum is $10. Financial Samurai is an investor in Fundrise and Fundrise is a long-time sponsor of Financial Samurai.

Happy 2024 everyone!

Here are some of our goals and financial predictions for 2024. Overall, we're optimistic about the year.

Related posts:

2024 S&P 500 Forecasts

2024 Housing Price Forecasts

2024 Financial Samurai Goals

Explaining All The Surprise Capital Calls

Investing In 2024

If you'd like to invest in the rebound in real estate in 2024, check out Fundrise, my favorite private real estate platform with over $3.3 billion under management for 500,000+ investors.

To invest in AI and other private growth companies, check out the open-ended Innovation Fund. You can see what the fund invests in before you invest and how much.

Sydney and I review 2023 and discuss the importance of intrinsic motivation to keep going. Be aware of only chasing extrinsic motivators, like money, fame, and promotions, to achieve your results. If you do, chances are high you'll burn out quicker than expected.

We'd love a share and a review of the podcast. Each episode takes at least two hours to produce.

Related post:

2023 Financial Samurai Year In Review: More Failes Than Wins

The Best Posts And Podcasts On Financial Samurai 2023

To Succeed, Intrinsic Rewards Must Dominate Extrinsic Rewards

Subscribe To Financial Samurai

Join 60,000+ others and subscribe to my free weekly newsletter. This way you always stay on top of the most important events in the stock market, real estate market, and everything personal finance.

Pick up a copy of my WSJ bestseller, Buy This Not That. As a first edition, first print with some typos, it could be a valuable collector's item in the future.

I speak to Sydney, my wife, about the idea of sending our children to Community College instead of directly to a four-year state or private university. The benefits are many, including less stress and more fun!

If you enjoyed this episode, please rate, review, and subscribe!

Posts mentioned:

Community College May Be The Way: How I Plan To Spend $1.5 Million

Median Income Earned By Ivy League Graduates

Keep In Touch With Financial Samurai

Join 60,000+ others and subscribe to my free weekly newsletter. This way you always stay on top of the most important events in the stock market, real estate market, and everything personal finance.

This episode is sponsored by Danielson Legal, which provides top tier intellectual property legal services for the greatest value proposition available in the market.

Their attorneys have formidable experience and expertise from practicing at the highest levels of the profession—from the top law firms in Boston to publicly traded corporate legal departments.

Episode Synopsis

If you retire early, chances are high you will have an itch to return to work within a year or two.

Only after publishing my post, Why It's So Hard To Stay Retired After Retiring Early, did I discover the one solution that will help folks continue to stay out of the work force.

I then went deeper and wrote the post, Why It's So Hard To Leave San Francisco Now. When there's so much going on in the city by the bay today, you can't help but want to stay.

If you enjoyed this episode please rate, review, share, and subscribe! Every review counts.

Suggestions

If you're looking to invest in artificial intelligence companies, take a look at the Fundrise Innovation Fund. It has democratized access to investing in private growth companies with only a $10 minimum.

Join 60,000+ others and subscribe to the Financial Samurai newsletter.

I speak to my friend and 4-time NBA champ, Shaun Livingston about his journey from high school basketball prodigy to winning multiple championships with the Golden State Warriors.

If you're an NBA fan or a professional sports fan, you're going to love this episode.

Please rate, review, and subscribe to the podcast. Every review means a lot!

Related Financial Samurai posts:

Where Are All The Adult Athletes? Sports And Your Career

The Secret To Your Success: 10 Years Of Unwavering Commitment

Subscribe To Financial Samurai

Join 60,000+ others and subscribe to my free weekly newsletter. This way you always stay on top of the most important events in the stock market, real estate market, and everything personal finance.

This episode is sponsored by Danielson Legal, which provides top tier intellectual property legal services for the greatest value proposition available in the market. Their attorneys have formidable experience and expertise from practicing at the highest levels of the profession—from the top law firms in Boston to publicly traded corporate legal departments.

Episode Synopsis

Supposedly by the time our children turn 19, we will have spent 80% - 90% of the time we will ever spend with them. But that statistic is ridiculous if we make the effort.

Let's talk about something absurd, like relocating to where our adult children are once we are retired.

Posts mentioned:

Having Absurd Dreams Is OK Because Sometimes They Come True

The Pandemic Was An Experience In Hedging Your Life

Keep In Touch With Financial Samurai

Pick up a copy of How To Engineer Your Layoff. It will teach you how to negotiate a severance package so you can spend more time with your children or do what you want. Use the code "saveten" at checkout to save $10.

Join 60,000+ others and subscribe to my free weekly newsletter. This way you always stay on top of the most important events in the stock market, real estate market, and everything personal finance.

After the real estate industry was found guilty of collusion by a Missouri jury, I spoke to lead trial lawyer, Mike Ketchmark about how the entire process came about.

If you're into real estate, thinking of selling or buying a home, or are curious about how lawyers get compensated, you're going to love this episode!

Related posts:

Real Estate Collusion Revealed! Misaligned Commission Incentives

Real Estate Alternative

If you're looking to invest in private growth companies, take a look at the Fundrise Innovation Fund. Roughly 35% of its investments are currently in AI-related companies, which is likely the revolutionary technology over the coming decade.