For most people, I believe their risk tolerance is an illusion. People consistently overestimate how much money they are willing to lose. Understanding and managing your risk tolerance in investing is crucial for long-term success. If you take too much risk, you might blow yourself up. If you take too little risk, you might not […]
Understanding And Managing Your Risk Tolerance In Investing Read More »
One of the key takeaways from my book, How To Engineer Your Layoff, is understanding that the Human Resources department is not on your side. First and foremost, the HR department is there to protect the company from liability. After such protection is made, maybe then HR will help a troubled employee with a problem. My
Sexual Harassment At Uber Reminds Us That HR Is Not Your Friend Read More »
Credit card approval standards are going higher. One reader with a 805 credit score e-mailed me saying he recently got denied for the Barclays Arrival World MasterCard. As part of the FICO Open Score Access initiative, he got his credit score in the mail plus the nice rejection letter. The reason for the rejection was
Credit Card Approval Standards On The Rise: Excellent Credit Scores Still Get Denied Read More »
SoFi started in 2011 and is a lending company that recently surpassed $15B in funded loans as of 2017. They have 225,000+ customers, 240 employees and have raised $1.9 B in equity funding after raising $500M led by Silver Lake in February 2017. Here is my SoFi review. The company was founded by Mike Cagney, Dan
SoFi Review: Social Lending For Student Loans, Mortgages, Personal Loans Read More »
It’s normal to dream about being rich. But the real question is whether you want to be rich or do you want to be free? Personally, I chose freedom in 2012 at the age of 34. That’s why I walked away from a multiple six-figure job in finance. Some people want mega riches. Others don’t
Do You Want To Be Rich Or Do You Want To Be Free? Read More »
I believe everybody needs a money coach in some form or another. Your money coach can be your spouse, parent, best friend, sibling, or mentor. He or she just needs to be a little bit more experienced and financially savvier than you. If not, she needs to at least be a good listener so they can reflect
What’s A Money Coaching Experience Like? Read More »
I’ve got a confession. I have a money addiction. My money addiction is partially why I started Financial Samurai in 2009 and have written 2,300+ posts since! I wanted money then, and I still want money now to take care of my family. However, I’m doing my best to try and cure my greed for
How To Overcome Money Addiction: A Never Ending Struggle Read More »
Americans seem financially unprepared. According to an American Psychological Association survey, 72% of Americans say they’ve felt stressed about money at some point in the last month. Meanwhile, as many as 50% were so stressed out they admitted to not being able to sleep. Is that you? Hope not, because this is Financial Samurai! If
Are Americans Really So Financially Unprepared? Read More »
Since writing, The Dark Side Of Early Retirement, I’ve sometimes wondered whether writing about early retirement hurts society and the very people who decide to leave the work force early. Being able to do what you want when you want sounds great. But is it healthy? Let’s look at all the reasons not to retire
Rejecting Reasons Not To Retire Early And Live Your Dreams Read More »
I remember going to Airbnb’s Friday afternoon happy hour back in 2012. My college buddy’s wife worked as an assistant chef and invited me over. The office wasn’t very large and Joe Gebbia, one of the founders, was horsing around with a wig held together by a white headband. After speaking to Joe for about
After Five Years Of Unemployment, I Finally Found A Dream Job! Read More »
