Can you imagine scraping by on $500,000 a year? Well, believe it. Thousands of households living in expensive cities are running on this never-ending treadmill. It’s only when you can lock down expenses, save and invest aggressively, will you ever escape the rat race. They’ve got big mortgages, private school tuition to pay, and fancy […]
Scraping By On $500,000 A Year: Why It’s So Hard To Escape The Rat Race Read More »
The following is a guest post from a 25-year-old Financial Samurai reader who lives in Washington, DC, makes $55,000 a year and maxes out his 401(k). He believes maxing out your 401(k) is a choice on an average income. For those of you who feel like you can’t max out your 401(k), maybe this post
Maxing Out Your 401(k) Is A Choice On An Average Income: $55K In DC Read More »
The yield curve is a curve on a graph in which the yield of fixed-interest securities is plotted against the length of time they have to run to maturity. A yield curve is almost always upward sloping, a sign that the economy is functioning properly. To best understand the yield curve, put yourself in the
Understanding The Yield Curve: A Prescient Economic Predictor Read More »
Now that you’ve played defense and wisely refinanced your mortgage, it’s time to play offense and look for real estate purchase opportunities. This post will discuss the top states to buy real estate in 2026 and beyond. The Fed is cutting the Fed Funds rate again and we’re past peak inflation. As a result, housing
Top States To Buy Real Estate In The New Decade Read More »
Great advice is priceless. It can change your mindset and open up many new opportunities. Back in 2001, the economy was imploding much like it was in 2008-2009. I was worried about losing my job and asked my mentor for advice. He told me something so important. My mentor gave me the best career advice. It has
The Best Career Advice From A Mentor Read More »
I dodged a bullet, Matrix style, and I didn’t even realize it until the coronavirus hit. The coronavirus pandemic caused mortgage rates to drop as investors seeked the safety of bonds. This post will highlight how to get the best mortgage rate before three main life events. Had I not refinanced my primary residence mortgage
For The Best Mortgage Rate, Refinance Before These Three Life Events Read More »
If you own a business, you should know the tax rules for buying a SUV or a truck. You can and should deduct the operating expense of your vehicle if you use it for your business. But you can also deduct the cost of your SUV or truck as well. As an SUV owner and
Tax Rules For Buying A SUV Or Truck To Deduct As A Business Expense Read More »
Are you thinking about retiring in Mexico? It’s a beautiful, affordable country with a rich history and warm culture. First of all, when you think of Mexico what comes into your mind? I think of hot summers, tequila, mouth watering salsa, and friendly people to name a few. Retiring In Mexico? Exploring Baja California Sur
Retiring In Mexico Or Abroad Might Not Be A Bad Idea Read More »
According to Fidelity, as of end-2023, the latest average 401(k) account balance is $106,500. Fidelity holds 16.2 million 401(k) accounts, including my Solo 401(k). Fidelity is consistently ranked as one of the largest 401(k) providers in the country. The latest 401(k) balance by age naturally increases the older one gets. The median 401(k) account balance,
Latest 401(k) Balance By Age Versus Recommended Amount For A Comfortable Retirement Read More »
“How much do I need to retire?” is a question that comes up over and over again. So once and for all, let me suggest a simple, very logical and conservative method. I hope you can utilize my method to estimate how much you need to retire. Having specific retirement goals is a key to achieving success and
How Much You Need To Retire And Never Have To Worry Again Read More »
