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Your Outsized Wealth Is Mostly Due To Luck: Be Thankful!

Are you confusing your good fortune due to your own skill rather than due to luck? I’m here to argue that above average wealth is mostly due to luck. Therefore, stop deluding yourself into thinking you’re so great! As President Obama said in a July 13, 2012 campaign election speech, “If you’ve got a business, […]

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The Two Levels Of Rich: One Of Which Doesn’t Rely On Index Funds

It’s safe to assume the vast majority of you reading Financial Samurai want to be rich. I trust those of you who’ve been reading this site between 2009 and 2012, when I was writing heavily about investment strategies, have indeed become much richer. The compounding forces since then have been enormous. We are probably one

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A Stock Split Doesn’t Change Fundamentals But Could Boost Share Price

Are you excited about a stock split? Don’t be. A stock split is simply financial engineering. Some retail investors get tricked into thinking they’re getting a better deal than they really are. I still remember one of my VPs at Goldman making fun of an Associate one morning. The Associate excitedly shouted out to the

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How To Become A Millionaire By 20 The Old-Fashioned Way

I’ve written about how to become a millionaire by 30. A lot of luck, hard work, strategy, and risk are involved. Most of us will eventually become 401k millionaires by 60 if we keep contributing the maximum. However, what about becoming a millionaire by 20? It sounds almost impossible given kids must focus on school

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The First Million Might Be The Easiest: How To Become A Millionaire By Age 30

Want to learn how to become a millionaire by 30? Here’s my story on how I reached a million dollar net worth in my late-20s. It involved a lot of luck, a lot of effort, and a lot of risk. I believe all Financial Samurai readers will eventually become millionaires due to disciplined saving and

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