If you’ve amassed a decent amount of wealth, you will likely want to leave some of it to your children. Let’s discuss some inheritance tips so we don’t screw up our children. Every financially-responsible adult who builds great wealth fears demotivating their kids. One of the reasons why my 31-year-old neighbor still lives at home […]
Inheritance Tips So You Don’t Screw Up Your Child’s Life Read More »
Thanks to the unrelenting rise in the stock market since 2009, there’s now a trend on social media to share your 401k balance, especially if it’s over a million bucks. Yes, being a 401k millionaire is now a real status thing! Despite the distastefulness of bragging, just the fact that more people are talking about
Here’s When You’ll Become A 401k Millionaire Read More »
Everything in personal finance seems to go around in circles. This post will discuss when income is more important than net worth for financial freedom. In the past, I argued that it’s better to focus on net worth growth over income growth. Wealth is not taxed like income. Further, financial freedom is about living off
When Income Is More Important Than Net Worth For Financial Freedom Read More »
Are you spoiled or clueless? Are you taking your beautiful life for granted? If you are, then try working minimum wage jobs. Better yet, work a minimum wage service job as an adult. Once you do, you’ll eradicate your feelings of entitlement! For many, life went on extreme hard mode with the coronavirus pandemic. However,
Spoiled Or Clueless? Try Working Minimum Wage Jobs Read More »
AcreTrader is a proud sponsor of Financial Samurai. In my quest to continuously learn about new alternative assets and new promising investment platforms, I’ve invited AcreTrader to write a guest post about farmland investing. During times of uncertainty and stock market volatility, it’s nice to invest in real assets. Mark Twain once said, “Buy land.
AcreTrader Review: Unprecedented Access To An Overlooked Asset Class Read More »
The average Canadian household net worth is surprisingly huge at roughly $680,000 in 2021, up from $400,151 in 2012 according to Statistics Canada. The average Canadian household net worth is roughly 2X the average U.S. household net worth. In 2025+, the average Canadian household net worth is likely another 10% higher. Not only is the
The Average Canadian Household Net Worth Is Huge! Read More »
If you’re trying to figure out how much to spend on a house, my 30/30/3 home-buying rule is the best guide I can offer. I developed this rule in 2009 during the global financial crisis, and since then, it has gained worldwide recognition from numerous publications and industry experts. Following the 30/30/3 rule gives you
The 30/30/3 Home-Buying Rule To Follow Read More »
Having reliable and sufficient car insurance coverage is so important. But how do you know if you have enough? Car accidents are incredibly expensive today! Here’s how I found that out the hard way. Several years ago, I did something stupid. Instead of backing straight out of my parking stall, I turned too soon. As
Your Car Insurance Coverage Might Not Be Good Enough Read More »
As soon as your real estate offer gets accepted, you should notify your lender with the relevant ratification documents and lock in a rate. The rate lock is usually for 30 – 60 days. However, sometimes things take longer than expected and you need to get a mortgage interest rate extension. A mortgage interest rate
Mortgage Interest Rate Extension: The Cost And Why You Might Need One Read More »
Right before the pandemic began, I did a fun podcast interview with Andy from Marriage Kids & Money, a work-from-home solopreneur. It was nice to connect with another father of two young children in the online world. Andy took a leap of faith at a very similar age as me in 2012. Although my main
Work-From-Home Solopreneur: How I Made The Leap As A Young Father Read More »
