To MBA or Not To MBA: Deciding Whether Business School Is Worth It
Should I get an MBA or should I not get an MBA. That is the question.
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Do Rich People Try Harder? It Seems That Way
I originally wrote this post on July 12, 2009, during the worst of the Global Financial Crisis. I had just started this site in my living room because I was worried I was going to lose all my money and get let go. So I started pontificating, “Do rich people try harder?” “Why do some
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8 Cars in 10 Years: I Have A Car Addiction Problem
If you have a car addiction problem, you’ve come to the right place. Back in my 20s and early 30s, I bought eight cars over a 10-year time frame. It was clear I had a car buying problem that needed solving. I originally wrote this post on July 11, 2009 when I first started Financial
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Everything To Know About The 529 College Savings Plan
The best gift any parent can give a child besides unconditional love is a great education. A 529 college savings plan is a solution that is designed to help families tax-efficiently save for future college costs. You contribute after tax money with the benefit of paying zero federal and state income taxes on the profits when
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Are You Smart Enough To Act Dumb Enough To Get Ahead?
The smartest people in the world are listeners, not speakers. If all you’re doing is speaking, how do you learn anything new? To get ahead, you need to be smart enough to act dumb. You need to also learn how to convince people you’re not very good at what you do to lower expectations. If
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Changing Jobs Or Industries? Take A Pay Cut And Swallow Your Pride
One of the funniest things I’ve come across are people who want to gain experience, but aren’t willing to sacrifice. Changing jobs or industries means you’ll likely need to take a pay cut and put in a lot of time. Several years ago, there was a lot of debate regarding employers taking advantage of their free interns. So, like
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Taking A Leap Of Faith And Retiring On My Own Terms
In the spring of 2012, I took a leap of faith and retired from investment banking for good. Here is my story about retiring early to focus on travel, writing, and eventually becoming a full-time dad. In July 2009, I kickstarted the modern-day FIRE movement by launching Financial Samurai and writing about my plans to
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How Much Can An Adjustable Rate Mortgage Go Up After The Fixed Period Is Over?
An adjustable rate mortgage (ARM) has an interest rate cap. This article will explore how much an ARM mortgage interest rate can go up after the introductory fixed rate period is over. In general, the average maximum ARM adjustment up during the first year is 2%. Due to the limit in how much interest rates
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The Cost Of Fourth Trimester Childcare: Potentially $40,000 And Up
The cost of childcare is high. The cost of fourth trimester childcare, the three months after your baby is born, may be the highest! Not only are you dead tired during the first three months after you baby is born, you may want to spend up to get some night doula or au pair help.
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Fight For Financial Independence Every Day
Fight for financial independence every day. There’s something really confusing that maybe you can help explain. I don’t understand why some people criticize others for doing the following: Saving and investing more than 20% of their income Taking stock of all their cash during times of volatility Working more than 50 hours a week Developing side
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