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Welcome to House of FI! We are glad you're here. Our mission is to help other families on the road to financial independence. If you dream of retiring early but are unsure how to do that AND raise your family, you are in the right place. Our guests will share their journey to financial independence, early retirement and debt freedom. Our guest experts will share valuable information that will help you get to your financial goals sooner. Come on in!
 
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show series
 
Here is my 2022 stock market forecast and the reasons why. It's going to be a much tougher year to make money in the stock market, which is why I recommend allocating capital to other risk assets for greater risk-adjust returns. Posts mentioned: 2022 Stock Market Forecast Why Real Estate Is Preferred Investment Returns vs. Active Income…
 
Here is my 2022 housing market forecast where I predict how much the median home price will increase, the 11 reasons why I think they will, and the areas of the country with the most opportunity. Enjoy! Select posts mentioned: 2022 Housing Market Forecast (see the charts) Foreigns Are Coming To Buy Up Our Homes It's Time To Focus On Big City Living…
 
Being an entrepreneur might sound nice, but the pressure is always on. The benefits of being an employee are the most apparent during the winter holidays. Appreciate being able to make money while on vacation. It's one of the best perks you'll miss. Posts mentioned: How Much You Have To Make As An Entrepreneur To Replace Your Day Job Income 10 Best…
 
CEO of Better.com Vishal Garg said 250 of the 900 people he laid off were stealing from him and his clients by only working two hours a day. Is slacking off considered stealing if you are getting your work done? My wife and I discuss. Relevant posts: The Best Time To Work Is During A Pandemic In Search For The Two-Hour Work Day The Top 10 Worst Tim…
 
Investing in two target-date funds for my children's 529 plans has cost me over $30,000 so far in lost profits. Here are some downsides to target-date funds and who should invest in target-date funds. Mentioned post: The Problem With Target Date Funds Historical Returns Of Different Stock And Bond Portfolio Weightings Different Investing Strategies…
 
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…
 
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 Ru…
 
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 Reopeni…
 
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 retiremen…
 
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…
 
If you’re a mom on a family-focused career break, it may not feel like the time to set goals for yourself. It can even feel like the end of the big goals you’d previously set. But time out of the workforce is also an opportunity to build a more meaningful life that works for who you are today, the you with kids. Your career break doesn’t have to fe…
 
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-sc…
 
A family-driven career break can be the start of your next big thing. That was certainly the case for my guest on this week’s Money, Career & Motherhood podcast. Kathryn Wepfer was a highly accomplished working professional excited about her work, until the birth of her second child. When she was unable to extend her maternity leave after her secon…
 
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…
 
Can’t decide if you should take a career break to stay home with your kids? You’re not alone. So many moms spend months, or even years, trying to decide if it’s the right thing to do. Maybe you’ve written a pros and cons list, talked endlessly to your spouse, and looked at your family budget, but it still doesn’t feel like you’re any closer to a de…
 
So many mothers are taking career breaks, but is one right for you? Maybe you were already at your max and considering a pause pre-Covid, and this just put you over the edge. Or perhaps you had never thought about one, but now find yourself on the wrong side of an unsolvable problem. The reasons a mother decides to take a career break are deeply pe…
 
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! Po…
 
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…
 
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 Men…
 
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.financialsam…
 
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 …
 
How do you keep your kids busy all summer without breaking the bank? This week I walk through our kid-centered summer planning process that helps us minimize boredom and spending while maximizing kid and parent satisfaction! In this episode you’ll learn: How to get your kids involved in the summer planning process How to avoid hearing “I’m bored. W…
 
When I first met today’s guest, she said something that hit me hard. “There will always be a breakdown in childcare.” It’s true. This is why solutions for parents who take career breaks are so important to me. Even with flexible employers, things come up when you have kids. Sometimes the challenges are so great that parents, usually mothers, take c…
 
According to my guest Michelle Arpin Begina, there’s a very big difference between income and wealth. I couldn’t agree more. Too often families are caught up in a spending pattern to create an illusion of wealth, when in fact they’re struggling financially. In this week’s episode, I talk with Michelle about the complex relationship she developed wi…
 
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