The worst type of debt is consumer debt. And most consumer debt is paid for using a credit card. With the average credit card interest rate in the mid-to-high teens, consumers with revolving credit card debt are often stuck in a negative death spiral. One reason why consumer debt is so bad is due to […]
Paying The Average Credit Card Interest Rate Will Keep You Poor Forever Read More »
If you want to get rich you need to go where the highest paying jobs are. The highest paying jobs come from the fastest growing, economically strongest companies. The best city in the world to make money is San Francisco hands down. Getting rich, like dating, is a numbers game. If you’re in a room
The Best City In The World To Make Money: San Francisco Read More »
The last thing any couple should want to do when they start a marriage is get buried in debt and stress. Debt and financial stress can break relationships down. Instead of creating unnecessary anxieties, have a budget wedding and start your married life on the right foot! What’s the average wedding cost in the US
Have A Budget Wedding! The Average Wedding Cost Is Too High Read More »
Ever wonder what it’s like living in a multi-million dollar mega-mansion? Well, you’re in luck! I got to stay for a week in an $18 million mega-mansion for vacation and it was a wonderful experience. Dreaming is the best since it’s fun and free to do. At least once a month, I dream that I
What It’s Like Living In An $18 Million Mega-Mansion Read More »
The Federal Reserve’s decision to cut the federal funds rate on July 31, 2019, the first time in 10 years, signifies several things: 1) The Fed screwed up in December 2018 by hiking rates for the 9th time in three years. Cutting rates just 7.5 months after hiking rates is like getting a divorce within
A Fed Rate Cut Is A Sign We Should All Buckle Down And Be Careful Read More »
Ever wonder the demographics of who else is reading and commenting on Financial Samurai? I’ve always felt the community here is one of the most financially savvy on the web based on my interactions with so many of you. This post will thoroughly highlight the Financial Samurai reader demographics. Polls are a great way to
Financial Samurai Reader Demographics Profile Read More »
If you want to build great wealth, you must invest in risk assets over the long term. If you hold most of your net worth in cash, your purchasing power will fall behind due to inflation. In this post, I’d like to discuss what the last 20 years of inflation teaches us about building wealth.
What The Last 20 Years Of Inflation Teaches Us About Building Wealth Read More »
I believe a property is not so much an investment but a lifestyle decision. When we choose to buy property, we’re choosing to plant roots in a neighborhood we love, and build our lives accordingly. Not to say you can’t do the same renting. It’s just that when you have a large financial commitment to
Go Broke To Win Big HELOC Edition – Maximize Your Home Equity Read More »
This is the Financial Samurai 2019 mid-year review. After writing The Bear Market Checklist, I thought I’d follow my own advice and do a mid-year review. The last thing I want is to get broadsided because things feel so good. So far, this year has been solid on the financial front. I haven’t felt this
Financial Samurai 2019 Mid-Year Review: Riding The Tsunami Read More »
After a home sale, you will hopefully be flush with cash. However, reinvesting proceeds after a home sale is important if you want to keep up or beat inflation. Therefore, here are some investment ideas to consider after selling your property. Thanks to inflation, you need at least a $3 million net worth to be
Ideas For Reinvesting Proceeds After A Home Sale Read More »
