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How To Make Your Children Millionaires Before They Leave Home

If you don’t believe the world will grant your children a fair chance to succeed, you may want to take matters into your own hands as parents. One way is to set them up for financial independence—ideally making them millionaires before they graduate high school, finish college, or leave home. If your children are millionaires […]

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How One Lucky Financial Break Can Change Everything For Good

I firmly believe that above-average wealth is largely a result of luck – around 60% – 70%. If we fail to recognize our lucky financial breaks, we risk confusing our abilities with good economic times. This overconfidence can lead to poor decisions and increase the likelihood of financial ruin. Since starting Financial Samurai in 2009, I’ve witnessed

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How Speaking To A Financial Professional Saved Me From Myself

If you haven’t spoken to a financial professional in over a year, I suggest you speak to one. You will likely get great insights into how you can better invest your hard-earned money. Further, the financial professional might uncover some financial blindspots you had no idea you had. I’ve been a DIY investor since 1995

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Being Even Greedier When Others Are Greedy In A Bull Market

We’ve all heard the phrase, “Be greedy when others are fearful, and fearful when others are greedy.” But what about being even greedier when others are greedy?! As I sat peacefully in the hot tub recently, I began to recollect all the ways I wasn’t greedy enough since graduating from college in 1999. If only

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Getting Rich By Getting Lucky Actually Feels Better Over Time

Originally, I planned to title this post, “Getting Rich by Getting Lucky Doesn’t Feel So Good.” However, after some time, I realized that getting lucky actually feels better over time! This change in sentiment has profound socioeconomic implications, as it may lead us to hoard our wealth and create more inequality. Luck may also lead

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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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