Divorce is one of the worst destroyers of wealth. May you never have to go through one. Love birds beware. The following is a guest post from Financial Samurai reader and medical doctor, Xrayvsn. A divorced ruined his life but he clawed his way back. Divorce. Few words in the English language can elicit as […]
A Divorce Ruined My Life, But I Clawed My Way Back Read More »
If there is a tragic death in the property, there’s a good chance the value of your property will trade at a discount. If there is a death by natural causes, the property will likely trade at market price or a slight discount. Depending on where you live, the seller may not have to disclose
The Value Of A Property After Experiencing A Tragic Death Read More »
It’s harder to get rich off stocks than it is to get rich off real estate. The main reason why is due to the absolute amount of money you need to risk to get rich in stocks. Even if your $5,000 stock investment goes up 50%, that’s only $2,500. But if your $500,000 rental property
Why It’s Harder To Get Rich Off Stocks Than Real Estate Read More »
Reaching financial independence is the holy grail of personal finance. But what does financial independence really mean? In this post I’d like to determine the three levels of financial independence. That’s right. Even in financial independence there is no one size fits all since everybody has a different desired standard of living. Some people are
The Three Levels Of Financial Independence: Because Money Is Only Part Of The Equation Read More »
Ever wonder: What does early retirement feel like? I retired early in 2012 at age 34 and want to share you all the ups and downs of not working a traditional day job any more. What’s interesting is that my feelings towards early retirement are very different from the initial couple of years. As the
There are three primary types of retirement plans in the U.S. today: Traditional IRAs, 401(k)s, and Roth IRAs. This article will focus on whether doing a backdoor Roth IRA is a good move for higher income earners. It is often debated which of the two IRA options is better: the Traditional IRA that is tax
Is A Backdoor Roth IRA A Good Move For Higher Income Earners? Read More »
Wealth management can be a full-time job if you have a lot of investments. Investing family money can be stressful. At some point, you might want to hire a money manager to help you with your finances. When I sold my rental house, I thought my stress would go down at least 80%. After all,
When Is It Time To Hire A Money Manager? Wealth Management Can Be A Full-Time Job Read More »
A stock market correction is an inevitability. In recent history, we saw two 10% corrections in 2018, a 13% correction in 2016, a 12.4% correction in 2015, a 20% correction in 2011, a 16% correction in 2010, and a -57% correction in 2009. Then of course, we saw the fastest correction in history, a 32%
Silver Linings Of A Stock Market Correction Read More »
I love being a property owner. But I don’t love paying property taxes. Alas, they’re unavoidable. However, you should always fight your property taxes if the government over inflates your assessed value. This happened to me and I wasn’t about to let the government screw me over. Last year, I scored a victory against tyranny
Fight Your Property Taxes And Don’t Let The Government Screw You! Read More »
How To Engineer Your Layoff is my bestselling ebook that will teach you how to negotiate a severance package. For those of you who want to walk away from your job with money in your pocket, my book is for you. By age 34, I was able to confidently leave my job in finance and
How To Engineer Your Layoff: Make A Small Fortune By Saying Goodbye Read More »
