Have you ever wondered how people can live in an expensive city on less than six figures? I wondered this all the time as someone who has lived in New York City and San Francisco for over 23 years. I first started my career in New York City as a financial analyst from 1999-2001 at […]
How Do People Live On Less Than Six Figures In An Expensive City? Read More »
Why do we discredit other people’s achievements? Instead, we should try to be nicer to people, especially after a global pandemic. People discrediting other’s achievements is so annoying that I’ve got to discuss this strange phenomenon. There are two main ways of getting ahead. The first way is to do everything you can to improve
Why Do We Discredit Other People’s Achievements? Read More »
Let me introduce you to the DVD rental method to CD investing. When we first bought our $1,200 HDTV six years ago, we told ourselves never to go to the movies again until we watched enough DVDs to pay for the purchase. Every time we went to the movies, we’d have to pay on average
The DVD Rental Method to CD Investing: The Only Way To Achieve Max Yield Read More »
Building wealth is a long game. It’s sometimes very easy to get discouraged as a result. Despite a lucky investment when I was 22, I felt very little pleasure having a large savings account in my early 20s. Money degenerates to just numbers on a screen that provides no utility unless spent. I was actually
Celebrate Small Wins To Keep Financial Motivation Alive Read More »
If you want to stay on top of everything I write on Financial Samurai, you can subscribe to the Financial Samurai e-mail and private newsletter. The Financial Samurai e-mail is probably the best way to keep in touch. In 2009, the world was falling apart, and my net worth was taking a beating. I thought
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A structured note can save value investors from a bad trade. Let me share an example with an Apple stock structured note. Back in December 2012 I started geting interested in Apple (AAPL). The stock had fallen from $705 down to the low $500s as investors began to sour on its margins, the CEO, and
How A Structured Note Can Save Value Investors From A Bad Trade Read More »
Learning to be happy with what we have is on of the keys to long-term happiness. Money is only a tool to a better and happier life. Never forget this. Part of the reason why so many people are unhappy is because they are never satisfied. If you can find your ikigai, your “reason for
Learning To Be Happy With What We Have Read More »
Financial Samurai is one of the leading independent personal finance sites in the world. Started in 2009, Financial Samurai’s mission is to help readers achieve financial independence sooner, rather than later. Let me share with you The Financial Samurai value proposition and why you should sign up for my e-mail distribution list and free newsletter.
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The refinance window only lasts so long. There was a massive refinance window during the global pandemic. However, that particular refinance window has closed. Mortgage rates are now at 17-year highs and the housing market is at a standstill since everybody refinanced in 2020, 2021, and early 2022. When the next refinance window opens, I
The Refinance Window Is Closing: Historical Charts Of The 10-Year Yield Read More »
A number of you have asked me whether you should do a cash-in refinance. So, I’d like to share my thoughts on this interesting scenario. A cash-in refinance is basically when you pay down your existing mortgage to under a certain loan-to-value ratio in order to qualify for a mortgage refinance. Loan-to-value is calculated by
