The Financial Samurai Podcast

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 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/

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/  

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

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

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. 

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. 

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.

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

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. 

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. 

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.

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

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.   

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. 

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.

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. 

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.

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

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.