How Can You Tell If A Guy Is Rich If He Displays Little Material Wealth?

Sailing At Sunset In MallorcaIf you shack up in a house full of men and women as I did in Mallorca, there will inevitably be conversations about the other side. Men want to learn more about how women really think in order to get more women or at least find one perfect woman to treat right.

I imagine it’s the same for women, although men are much easier to figure out. All we want to do is cuddle, give you foot massages, and make pancakes while you’re still in bed every morning. Is that really too much to ask?

One woman, let’s call her Chica Bonita, recently went through a divorce. Money, the number one reason for marital breakups was unfortunately one of their main reasons as well. Perhaps they had spending differences or perhaps the economy was unkind to two budding successes in their respective fields. I didn’t want to dig.

When I asked her whether she’d go out with a not-so-rich fella again, she said, “Absolutely. But can he at least be attractive?” Fair enough. Who doesn’t want to go out with a good looking beefcake? But by the end of our enormous plate of paella con mariscos and bottle of rosé she changed her mind. “OK, I’ve decided I’m only going to be with a rich guy in the future because breaking up over money problems is terrible! I did the whole poor fella thing and never again.


Do You Suffer From Apathy? Here’s How To Care Again

Swiss Flag Waving In Mountain RangeEverybody warned me about the incredibly expensive prices in Switzerland and for that reason I found things to be just fine. I caught myself saying in my head, Is that it? a number of times I opened my wallet. For example, the cost of a one way train ticket to Lucerne from Zurich was only 20 CHF (~$22 USD). Is that it? The cost per night at the Hotel Pilatus in a quaint town called Hergiswil was only 120 CFH. Is that it? Even a plate of gooey raclette was only 9.5CFH, leaving me more than good enough to get three scoops of gelato for 5 CFH afterward!

I decided to visit Switzerland for three reasons: 1) I’ve never been and heard Switzerland to be one of the most beautiful and livable countries in the world, 2) To test the upper limits of what my income can comfortably afford and 3) To get firsthand experience about Swiss neutrality, which I find synonymous with apathy.

The first things that comes to people’s minds when they hear the word, “Switzerland” are chocolate, mountains, and cheese. There aren’t any sort of negative connotations about the country except for perhaps the high prices. Try the same exercise with North Korea, and you get a completely different set of nouns and adjectives. What we also don’t get from Switzerland is any feeling of emotion due to its neutrality.


Is There Someone For Everyone? In Search For Love In Chaos

is there someone for everyoneSeven billion people in the world are split 50/50 between women and men. Surely there’s someone out there for us all? Maybe we get it wrong the first 10 people we date. Or maybe we think we get it right the first try only to end up divorcing several years later. Whatever the case may be, I believe there are multiple “the ones” out there for us to find. If we end up lasting with that person for the rest of our lives, then clearly there is only one.

The thought of living life alone is somewhat frightening. I wonder if this is part of the reason why we have children? We’d like to increase our chances of always having loved ones around us until we are gone. I do feel optimistic that if I were to find myself coming home to an empty bed that I would have the gumption to find someone eventually. But who really knows?

I’ve witnessed seemingly normal, decently attractive people miss their golden window for finding someone. We can argue how big the golden window is, but the fact remains that most people go through their first serious relationship before their mid 30s. I do hope that age is just a number.

We love to talk about how our 30s is the new 20s, yet our biological clocks don’t agree. 35 is still the age where doctors warn about an exponential increase in child birth risks. If a woman doesn’t want to have children, then who really cares? But the anxiety, however small, is still there. Maybe a woman who doesn’t want to have kids will find some incredible man who changes her mind and vice versa. Relationships have a funny way of softening the most adamant thoughts.


New Ways To Stay Connected With Financial Samurai And Feedback Needed

stay connected Financial SamuraiDear FS Community,

For those who subscribe to Financial Samurai via Google Reader RSS please sign up for a new RSS service such as Feedly which should automatically import your existing RSS subscriptions. Google Readers is about to go kaput on July 1, 2013. Another popular RSS service is Bloglovin.

For those who receive Financial Samurai content via e-mail, later today I will be transporting the existing e-mail subscriber base from Feedburner’s email service to Aweber, another e-mail subscription service, which will perform the exact same function. Existing e-mail subscribers: you will get an email alerting you to reconfirm your subscription the Financial Samurai RSS email list, please click on the link in that message to continue receiving RSS over email. During the transition you may receive one duplicate notification. New readers can simply click here to start subscribing over e-mail.

Finally, I’m starting a private newsletter that will go out once a quarter with some special insights into online entrepreneurship, passive income generation, career hacks, special offers and prizes. This exclusive content will only be published in these newsletters and not on the site. For those who would like an even more intimate look behind the scenes please click here to subscribe to my private newsletter or use the form to the right.


Should I Get An MBA To Find A Wealthy Husband Or Wife?

Average MBA Salaries From Top SchoolsThe following post addresses a long-time reader’s question of whether she should go to business school to find herself a wealthy husband. Just recently the search term “go to MBA to find wealthy husband” also appeared on my Google Analytics dashboard as well. Women seem to hate me for writing articles on relationships, yet they still continue to inquire anyway. These posts take time to write and opens me up to all sorts of abuse, so the next time you’re in San Francisco, steak dinner on you! Hope you enjoy!

Why bother working hard all your life for a chance at financial freedom if you don’t have to? Instead of directing all your energy to making more, saving more, and investing wisely, it might be a better use of your time to identify where the wealthy and the potentially wealthy hang out.

Let’s say you are sick of your 30 year old Super Motivated Boyfriend (SMB) because he’s more focused on his career than you. He cocked things up in his 20s by partying too much and is now playing catch up if he ever wants to “be somebody” in today’s society. Meanwhile, here you are, a lovely 27 year old woman who just wasted the past two years of your life on this commitment-phobe. What to do?

Go to the most prestigious business school possible of course! For example, my fellow MBA classmates from Berkeley all earn six figure salaries with seven figure net worths seven years out and Berkeley isn’t even in the top 5. Their ages range from 35-40 and all of them are also married. (See: How To Make Six Figures At Almost Any Age)


Why Are Asians Ignored By The Media, Research Institutes, And Politicians?

Hong Kong SceneryAccording to a new study by the Urban Institute, the wealth gap among Whites, Blacks, and Hispanics has continued to increase. Before the recession, White families, on average, were about four times wealthier than non-White families, according to Federal Reserve data. By 2010, White families were about six times as wealthy. The most recent data shows the average White family has about $632,000 in wealth, versus $98,000 for Black families and $110,000 for Hispanic families. But what about Asian families?

Last I checked, there are 4.3 billion Asians in the world, making up 62% of the world’s population. What’s surprising is that only around 5% of the American population is Asian. If there’s only 16 million people to sell to out of a country population of 310 million, no wonder why nobody really cares about Asians. Money talks!

When you grow up attending international schools, living in the Spanish house in college and working in Manhattan and San Francisco, it’s very hard to accept a world where there isn’t much diversity. 33% of San Francisco’s population is Asian for example. This post will attempt to understand why Asians consistently get ignored by researchers, politicians, and the media. I’ll also offer solutions as to how Asian Americans can gain more coverage.


Why Do People Like To Reveal Their Income?

The Grapes of Wrath In NapaIt hit me the other day that none of the people I know in the top 1% have ever revealed their incomes to me. I’ve got a good idea of how much they make and what their assets look like. But beyond some vagaries, details have never been disclosed. Contrast a top income earner’s desire for privacy to those who make less than $380,000 a year and income revelation is much more common.

In the post, “Never Tell Anybody Your Income” I highlight all the downsides of revelation. Most agree, but some don’t because they say it “inspires others” or simply don’t care. There may be some sort of inspiration involved, but what about those who get inspired to rob you for having more? It’s dangerous to hover outside of the middle class in today’s society. During the Cultural Revolution from 1966 to 1976, the wealthy Chinese were often flogged and publicly ridiculed.

If you read The Millionaire Next Door by Dr. Stanley, you will see the constant theme of being discreet with one’s wealth – drive old cars, wear discount clothing, live in a modest house and so forth. At the same time, it’s no fun being so parsimonious that you miss out on all the spoils of wealth. The large majority of surveyed participants are also older than the median American age of 35. Such millionaires spent their lifetimes building wealth. They aren’t about to have some stranger or the government try and take it away.

There are two main goals for this post. The first goal is to better understand why some people enjoy talking about their incomes. The second goal is to find a balance on this site for my own income revelations to be used as examples in future posts. It’s much more useful to see actual figures in an example rather than talk in percentages. At the same time, I don’t want to come across sounding like an arrogant bastard.