There’s a lot of debate on whether it’s better to rent or own. If you are a renter, I’m sorry to say the return on rent is always negative 100%. You get a place to stay for your rent, which is great. But there is no potential financial return on rent as opposed to owning. […]
The Return On Rent Is Always Negative 100%: How To Live For Free Read More »
It’s normal to rage against the top 1% nowadays. The pandemic created a widening wealth chasm between the top 1% income earners and everyone else. If you happen to be doing well, I highly suggest you keep things under wraps. By definition, 99% of people do not make a top 1% income. Therefore, there can
Who Are The Top 1% Income Earners? Read More »
I’ve been a fan of real estate for most of my adult life. Over the years I’ve learned some important real estate investment mistakes every investor should avoid that I share below. I follow my local real estate market like a hawk and regularly go to open houses to monitor comps and search for new
Real Estate Investment Mistakes To Avoid Read More »
I’m often asked why get life insurance if you’re financially independent. It’s a good question that merits a deep dive. I became financially independent in 2012 and have life insurance because I had children in 2017 and 2019. Many of you will face the same dilemma once your passive income can cover all your living
Why Get Life Insurance If You’re Financially Independent Read More »
Micromanagers are the worst! Dealing with micromanagers is one of the main reasons why I decided to fake retire from the finance industry in 2012. I couldn’t take this one boss in NYC always calling in to check up on me even though I was ranking well with my clients. There’s probably nothing more annoying
How To Deal With A Micromanager Without Killing Yourself First Read More »
If you have an umbrella policy, you should learn how to maximize an umbrella policy. After all, an umbrella policy costs you premiums every year you own one. If you have assets that amount to more than what your car insurance and home insurance coverage provides, then you should probably get an umbrella policy for protection.
How To Maximize An Umbrella Policy Like A Champ Read More »
Sometimes we all need a redo in life. About once every couple of years, a Financial Samurai post goes a little nuts on the internet. Recently, Twitter got a hold of “Scraping By On $500,000 A Year: Why High Income Earners Can’t Escape The Rat Race” and consumed it like a rabid dog shaking a rag doll.
A $500,000 Redo: How One Couple Got Their Mojo Back! Read More »
There is a never-ending debate between going to public or private school. Is private grade school and private university really worth it? I’m not so sure in this day and age of high inflation and free online education. Personally, I went to international private school while my parents were stationed abroad until I was 13.
Public Or Private School? Paying $1 Million For Private Not Worth It Read More »
The average percent of income donated to charity by levels of income is sadly very low across the board. According to several of the largest charitable foundations, the average income donated to charity ranges from just 3% to 5% of annual gross income. Not surprisingly, the average percent donated to charity is the highest for
The Average Percent Of Income Donated To Charity Can Improve Read More »
Having diverse income streams is vital for achieving financial independence. And if you have diverse interests, you will likely also have diverse income streams. The more interests you have, the happier you will be. Imagine if one of your hobbies is analyzing clouds, or cumulonimbuses for the scientifically savvy. You could step outside any time
Diverse Interests Create Diverse Income Streams Read More »
