Tax Refunds Are Good For Most People Because Most People Can’t Save

Tax refunds are good for most people. The simple reason is that left to our own devices, people don’t save or invest their tax refunds. People tend to go the easiest route and spend. The average tax refund is $2,950 a year as of 2020. Meanwhile, 74% of Americans get a tax refund. I’ll consider […]

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Chaos Is an Inspiration For Change, But Don’t Wait

This is a guest article by Flexo from Consumerism Commentary on inspiration for change. Three of my friends experienced difficulties in their lives around the same time, about ten years ago. I’ll call them Alex, Brian, and Chris. Each had their own problems to deal with. But, they chose to ignore their difficulties and search

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Creating Powerful Friends: Samurai’s Alexa Ranking Challenge

There’s a fun hypothesis saying that you are the average of the closest five people around you. I believe this to be true, do you? In my efforts to grow this blog, I’ve launched the Samurai’s Alexa ranking challenge. Get all the details below. What’s interesting about the blogosphere community is that anybody with enough

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Taxing All Big Banks Is A Double Standard And Is Unconstitutional

The government introduced new legislation to tax all “big banks” 0.15% of their assets to recoup about $120 billion in TARP money.  What’s interesting is that the government is also taxing banks who did not receive TARP money, while conveniently leaving out AIG and the auto industry! Three Takeaways From Asymmetric Regulation: 1) Because the

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The Katana: Help Haiti If You Can 1/17/10

So far over $7 million has been raised to help Haiti by just texting the word “HAITI” to 90999.  You’ll get a confirm receipt from your mobile carrier once sent. Please consider donating! This week on Financial Samurai, we’ll share our thoughts on the latest government rhetoric, highlight a guest post by Flexo, introduce a new

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Be A Sloth and Don’t Roth – Why Converting To A Roth IRA Is A Mistake!

If I read one more biased article pushing people to convert to a ROTH IRA I’m going to lose it!  Not to be melodramatic or anything, but the lack of unbiased analysis is like seeing a sea of zombies instructed to walk off a cliff. Wake up zombies, wake up!  Don’t make a decision without

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The Katana: TSF Performance, Income Poll, Winners, Good Reads 1/10

The S&P showed five consecutive days of gains in the first week of 2010 to close up 2.68%.  Meanwhile, The Samurai Fund (TSF) outperformed by 200 basis points to close up 4.77%! I’m feeling good about the TSF performance this week. TSF Performance For an actual fund of 17 positions, this is absolutely huge! We are

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