Do you have an ideal income and amount of work a day? I do. My ideal income is $300,000 for a family of four while working four hours a day. With $300,000 a year, my wife and I can live a relatively middle-class lifestyle in an expensive city like San Francisco. Meanwhile, working four hours […]
What’s Your Ideal Income And Amount Of Work A Day? Read More »
The corollary between straight A’s and a perfect credit score is beautiful. With straight A’s in high school, the chances of you getting into a top university with a merit scholarship increases drastically. After all, how many valedictorians do you see go to Chico State? With straight A’s in college, you’ll be invited back to
Would You Rather Have A Perfect Credit Score Or Perfect Grades? Read More »
The rich and powerful become more rich and powerful every day. With such a massive bull market since 2009, the wealth gap has widened immensely. My friend invited me to a party to support our city’s mayor, Ed Lee, may he rest in peace. The cost was $500 per person, which is the limit for
How The Rich And Powerful Become More Rich And Powerful Read More »
Back when I wrote this post on July 6, 2012 I had just negotiated a severance from a finance job I held for 13 years. I took a leap of faith and haven’t looked back. Back then, millions were still unemployed from the 2008-2009 financial crisis. Hence, I wanted to search for empathy for the
In Search For Empathy For The Unemployed Read More »
Author Romeo Clayton of How We Prevent Wealth is hosting a challenge for all of us to figure out how much do we exactly need for retirement. He calls it “The Wealth Number Challenge” where we input our current age, savings, rate of return, current tax rate, annual contribution, years during retirement and more to
What’s Your Retirement Wealth Number? Read More »
So you want to be rich? Glad you’re here. Financial Samurai is focused on getting rich and staying rich. If you want to get rich, you must practice predicting the future. If you want to stay rich, you must continuously invest in real assets that hold its value. Finally, if you want to live freely,
So You Want To Be Rich Eh? Read More »
In a close 5-4 decision, the Supreme court says Congress was acting within its powers under the Constitution when it required Americans to carry health insurance or pay a penalty! The legislation is 1,000 pages long so I can’t even come close to understanding all the nuances of the bill. All I understand is that
Winners And Losers Of Obamacare Hooray! Read More »
Prodigious savers of the world, unite! From the post, “How To Retire Early And Never Have To Work Again“, I mention I’ve saved roughly 15-18 years worth of living expenses after saving 55-75% of my after tax income every year for the past 13 years. If you do the math and follow the chart in
How Much Savings Is Too Much? Read More »
Losing someone else’s money is far worse than losing your own money. If you lose someone else’s money, you will have this tremendous psychological burden that will be hard to shake. For a brief moment in time, I wanted to be a money manager. The idea of managing other people’s money was alluring. After all,
Something Far Worse Than Losing Money: Losing Someone Else’s Money Read More »
About five years ago, I played league tennis for a private club. The league included three other private clubs and four public teams who played out of the various parks. I put the word “private” in quotations because anybody can join. If you are under 30, your $500 initiation fee is waved. Meanwhile, you didn’t
You Will Always Be Viewed As Arrogant If You Have More Read More »
