Blog - Page 116 of 253 - Financial Samurai

Increase The Value Of Your Professional Network By Befriending These Five Archetypes

21 Comments / Career & Employment, Entrepreneurship, Relationships / By Financial Samurai

Your professional network is incredibly valuable in order to get ahead. With a strong professional net work, you will have more professional and personal opportunities. More people will root for you and want to support you. This posts shares how you can increase the value of your professional network. For 10 years I acted as […]

Increase The Value Of Your Professional Network By Befriending These Five Archetypes Read More »

The Benefits Of A Backdoor Roth IRA

22 Comments / Investments, Retirement / By Financial Samurai

This post will look at the benefits of a backdoor Roth IRA. Long time readers know that I’m one of the biggest naysayers of the Roth IRA. The main reason is: most people will make less in retirement than during their working years. Therefore, taxes should be lower, all things being equal. However, what about

The Benefits Of A Backdoor Roth IRA Read More »

The 401k Maximum Contribution Limit 2024

50 Comments / Retirement / By Financial Samurai

The 401(k) maximum contribution limit for 2024 is $23,000. This is up from $22,500 in 2023 and $19,500 in 2020. For participants ages 50 and over, the additional “catch-up” contribution limit is $7,500. It’s interesting the IRS doesn’t want to give older folks an incentive to save more. The 2024 employer 401(k) maximum contribution is

The 401k Maximum Contribution Limit 2024 Read More »

How Our Family Is Negatively Impacted By The Coronavirus Crisis

141 Comments / Family Finances / By Financial Samurai

Instead of telling you how my family is doing OK during the coronavirus crisis, I wanted to share with you how our family is being negatively impacted by the coronavirus. I’ll then provide another update one year into the pandemic. From going through a logical exercise on how to predict a stock market bottom to

How Our Family Is Negatively Impacted By The Coronavirus Crisis Read More »

Dear Minorities, Use Racism As Motivation For Achieving Financial Independence

125 Comments / Motivation, Relationships / By Financial Samurai

If you’re a minority, then I encourage you to use racism as motivation to build more wealth and achieve financial freedom sooner. The sooner you can build a passive income portfolio that covers your basic living expenses, the sooner you’ll be free! When I was a kid, I used to be very combative when it

Dear Minorities, Use Racism As Motivation For Achieving Financial Independence Read More »

A Car As The Ultimate Status Symbol For Insecure People

161 Comments / Automobiles / By Financial Samurai

A car is the ultimate status symbol for insecure people. Let me explain why not following my 1/10th rule for car buying is more due to the unhealthy desire for status rather than the inability to be frugal. As I was returning home in Rhino, my 2015 Honda Fit, a late model Porsche Cayenne SUV

A Car As The Ultimate Status Symbol For Insecure People Read More »

It’s Hard To Frugal Your Way To Early Retirement

117 Comments / Retirement / By Financial Samurai

Being frugal is a good habit to adopt if you want to build more wealth. However, it is very hard to frugal your way to early retirement. Instead, it’s much better to try and earn more income since the upside is limitless. You can only save so much! Living A Frugal Retirement Lifestyle Surprisingly, I

It’s Hard To Frugal Your Way To Early Retirement Read More »

The Top One Percent Income Levels By Age Group

77 Comments / Budgeting & Savings, Investments, Retirement / By Financial Samurai

Being in the top one percent income level is a big stretch goal for many financial go-getters. After all, only one percent of the working population can earn a top one percent income level. This post will go through the top one percent income levels by age group. In 2025, a top one percent income

The Top One Percent Income Levels By Age Group Read More »

How To Predict A Stock Market Bottom Like Nostradamus

139 Comments / Investments / By Financial Samurai

This post was published on March 18, 2020 when the stock market was falling apart. My goal was to help people feel more calm by going through a logical analysis of predicting when the bleeding would stop. I also provide an update on what my views are on stocks at the end of this post.

How To Predict A Stock Market Bottom Like Nostradamus Read More »

Should I Get Natural Disaster Insurance For Earthquakes, Floods, And Hurricanes?

21 Comments / Insurance / By Financial Samurai

Hurricanes and earthquakes are a stark reminder of the importance of getting natural disaster insurance. As a long time resident of San Francisco, I wonder if I should get natural disaster insurance for earthquakes every single year. San Francisco lies close to the San Andreas fault line. It could start shifting at any moment. The last big

Should I Get Natural Disaster Insurance For Earthquakes, Floods, And Hurricanes? Read More »