The Financial Samurai Podcast

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.

Show notes:

We know the median American household has a net worth of about $193,000 and the average American household has a net worth of $1.06 million. But what about the top 1% of American households?

If you want to beat out 99% of Americans, this is how large your net worth should be by age, at a minimum! Is the grind worth it since 99% will fail? I'm not sure that it is. Let's discuss.

Related post: Top 1% Net Worth By Age

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After a couple of months, I was able to successfully convince my wife to upgrade homes! But now that she's on board, I'm afraid to move forward.

I'm afraid because it's scarier to buy a home when demand is down. There's a comfort in buying when everybody else wants to buy.

But I think I'm mostly afraid of buying because I had to convince my wife. As a result, if anything unfortunate happens after we move, I will feel guilty and to blame.

If you are thinking of making a big move where you and your partner are not 100% alilgned, perhaps this episode will spur you to communicate more about your fears and worries.

Posts mentioned:

5 Ways To Overcome Emotional Attachment To Buy A New Home

30/30/3-5 Rule For Home Buying

Income And Net Worth Requirements To Buy A Home At All Price Points

Recommendations

To invest in real estate more strategically and passively, check out Fundrise. Fundrise manages over $3.3 billion, mostly in residential and industrial real estate in the Sunbelt. The spreading out of America is going to be a multi-decade trend. FS is an investor and affiliate partner of Fundrise.

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.

Congrats! The average American household is now a millionaire according to the latest Federal Reserve Consumer Finance Survey. It's good to be average! Alas, the median American household is not a millionaire, which is a better reflection of the average American!

Related posts:

The Average American Household Is Now A Millionaire

The 30/30/3-5 Homebuying Rule

What Millionaires Do:

1) Invest in stocks

2) Participate in their retirement plans

3) Invest in real estate

4) Start and invest in private companies

Investment mention: The Fundrise Innovation Fund that invests in private growth companies in AI, fintech, proptech, and more.

If you enjoyed this episode, please rate, review, and subscribe! Every review makes a difference.

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.

I talk to Roger Lee, Co-Founder of Human Interest, a YC-backed private company that offers 401(k) plans to small businesses. Human Interest raised $200 million in a Series D round in August 2022 valuing the company at $1 billion. Roughly 80% of small businesses with under 100 people don't have 401(k)s.

We talk about how Roger got into Harvard, why he decided to become an entrepreneur instead of go into the management consulting or finance world, AI, and more.

You can learn about Roger's other companies here:

Comprehensive.io (payments startup)

Layoffs.fyi (layoff tracker in the tech industry)

Related posts on Financial Samurai:

Net Worth Compositions By Levels Of Wealth: Build A Business Already

The Top 10 Reasons To Start An Online Business Today

Reflections On Making Money Online Since 2009

Career Advice For Those Wanting To Join A Startup

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 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!

I speak to Eric Rosenberg, a long-time blogging buddy, about his journey from corporate employee to freelance writer, podcaster, and web designer. Eric has three children and lives in expensive Southern California. Yet, he's able to provide for his family on his freelance income alone.

If you've ever wanted to become a freelancer and make side money or full-time freelancer money, this is your show! You can find out more about Eric at Eric.money.

Subscribe To 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! Every review means a lot.

I figured out how to cure those afflicted with entitlement mentality! Once cured, I'm positive most will be happier and richer over their lifetimes.

Because for the longest time it boggled my mind how wealthy, privileged people could feel so entitled instead of so grateful.

Posts mentioned:

Entitlement Mentality Is A Sneaky Wealth Destroyer

How To Calculate The Value Of A College Degree

Investor Virtue Signaling In A Capitalist Country Is Fascinating

Support 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 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!

I speak to doctor Daniel Shin about his journey to being a urologist in Southern California to leaving behind his $600,000 job and moving to Memphis, Tennessee. We talk about doctor burnout, entrepreneurship, family, and real estate.

You can find out more about Daniel at The Darwinian Doctor (https://thedarwiniandoctor.com) and on his TikTok page at (https://www.tiktok.com/@thedarwiniandoctor?lang=en)

Real Estate Recommendation

Check out Fundrise, a premier private real estate platform if you want to invest in real estate passively. Fundrise mainly invests in residential and industrial properties in the Sunbelt, where yields are higher and valuations are lower.

Related Financial Samurai Posts: Don't Make $400,000 A Year: Look At How GS Analysts Suffer Thinking About Getting A PhD? Not Sure If It's Worth It 20 Best Side Hustles To Make Extra Money

Subscribe To 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 enjoy this episode, please share, rate, and subscribe. It helps the FS podcast grow!

I speak to Farnoosh Torabi, host of the So Money podcast and author of her new book, A Health State Of Panic about fear. Specifically, we discuss how we all have fear and how we can harness it to build more wealth and have more purposeful lives.

We also discuss parenthood, how to live a successful life, and how to be more inclusive of different voices in the personal finance field and elsewhere.

Please share, rate, and review if you enjoyed the episode!

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.

I speak to Ben Miller, Co-Founder and CEO of Fundrise about why his company started a new tech Innovation Fund. We explore why Ben thinks his firm has a competitive advantage, the most promising areas where the fund is investing, and the mechanics of investing in a private venture fund by Fundrise.

For more, read my Fundrise Innovation Fund Review post.

To invest in the Innovation Fund, with an investment minimum of only $10, CLICK HERE.

Fundrise is a long time sponsor of Financial Samurai. In 2016, I recognized Fundrise's investment thesis of investing in heartland real estate was exactly like mine. So we formed a business partnership that has now lasted for years.

I speak with Brad Stulberg, author of Master of Change, about how to do just that in this chaotic, stressful, and every-changing world. Brad also wrote The Practice Of Groundedness, which I found particularly helpful during the pandemic.

For those who wish to feel a little less stress, a little more calm, and a lot more confident about tackling change, this episode is for you.

Please rate, review, share, and subscribe! Every review means a lot.

Support 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.

Financial Samurai began in 2009 and is one of the largest independently-owned personal finance sites in the world with over 1 million visitors a month. Sam is one of the pioneers of the modern-day FIRE movement.

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!