After a week of reviewing the tax-free exclusion rule for selling a rental property, I decided not to sell. I’d already used my $500,000 tax-free exclusion amount and would need to wait at least two more years before I could potentially use the full amount again. Most importantly, I’m on a mission to boost my […]
Earning Passive Income Requires Optimization And Sacrifice Read More »
On the latest episode of the Financial Samurai podcast, I sat down with Ben Miller, cofounder and CEO of Fundrise, for a deep dive into artificial intelligence, venture capital, and what it really takes to get into the best private company deals. Ben was in San Francisco this summer visiting various portfolio companies and trying to make
The Acceleration Of AI Growth With Ben Miller, CEO of Fundrise Read More »
To celebrate Millionaire Milestones: Simple Steps To Seven Figures making the USA TODAY national bestseller list, I want to share how you might feel and what you might do as you hit various levels of wealth (net worth). Perhaps by sharing, I’ll motivate you to save and invest more aggressively. We’ll start with reaching your first
How You’ll Feel Reaching Various Millionaire Milestones ($1M-$20M) Read More »
When I worked at Goldman Sachs and Credit Suisse, we would occasionally bring a hot IPO deal to market. During the company roadshow, we’d take management around to meet one on one with our largest investors and clients. Sometimes the IPO was so in demand that many clients could not even get a one on
The Futility Of Chasing A Hot IPO And What To Do Instead Read More »
In Spring 2025, I sold one of my properties and will successfully exclude $500,000 in capital gains, tax-free, thanks to the IRS Section 121 Exclusion. For those unfamiliar, this powerful rule allows homeowners to exclude up to $250,000 in capital gains if single, or $500,000 if married filing jointly, from the sale of a primary
How To Use The Tax-Free Home Sale Exclusion Every Two Years To Save Read More »
Since starting Financial Samurai in 2009, I’ve encouraged folks to keep an open mind and embrace as many different perspectives as possible. So often, we get set in our ways and think our approach is the only right way to do things. But I can assure you, you’re probably missing something—or could do something a
The Shocking Power Of Getting A Different Perspective Read More »
As soon as both my children were born in 2017 and 2019, I superfunded their 529 plans equal to the five-year gift tax exemption. At the time, I was thrilled to do it given a parent’s number one responsibility is to provide for their children. Finally, a tax-efficient way to shift some of my assets
You Should Love The 529 Plan More After OBBBA Passed Read More »
When I lived overseas, one of the most celebrated aspects of my international schools was cultural diversity. At the International School of Kuala Lumpur, Taipei American School, and Canadian Academy in Japan, I had classmates from all over the world. With such a diverse student body, there was a natural openness and acceptance of one
How Cultural Differences Can Hurt Your Chances In The Workplace Read More »
After remodeling a fixer I bought in 2019 between 2019–2022, I swore I would never take on another remodeling project again. I hate remodeling with a passion, even though I’m always satisfied after the project is done. The delays, cost overruns, and people management completely bum me out. If you want to save your sanity
The Cost To Remodel A Rundown Two-Bedroom In-Law Unit Read More »
One of the main reasons I refused to spend a small fortune renting a vacation property in Honolulu was because I wanted to stay in my childhood home. The home was built in 1986, when I was nine years old, and I’ve been going back almost every year since. But staying there isn’t just about
The Healing Power of Returning to Your Childhood Home Read More »
