Instead of sharing the usual things I’m thankful for (health, family, being Asian, etc.), I thought I’d share some unusual things I’m thankful for this year! 2023 was supposed to be a return to easy living. Alas, I don’t feel very relaxed. The combination of keeping Financial Samurai going and being a dad is grinding […]
Five Unusual Things I’m Thankful For (Despite All The Bad) Read More »
I’ve been trying to leave San Francisco since 2014. After fake retiring in 2012, I thought it was only logical to move to a lower-cost area of the country, like Honolulu, to save money and be closer to my folks. Yes, Honolulu isn’t cheap, but it’s cheaper than San Francisco! However, every time I try
Why It’s So Hard To Leave San Francisco: Excitement, Fear, AI Read More »
The Internal Revenue Service announced the amount individuals can contribute to their 401(k) plans in 2024. It has increased to $23,000. This is up from $22,500 for 2023. In addition, the limit on annual contributions to an IRA increased to $7,000 for 2024. That is up from $6,500 in 2023. Not bad! Given the new
401(k), 403(b), And IRA Contribution Limits For 2024 Read More »
If you are curious how attorney Mike Ketchmark and his team were able to win a landmark $1.8 billion class-action lawsuit on price fixing against the National Association of Realtors, Keller Williams, and HomeServices of America, you’re going to love this podcast episode. This was truly a David vs. Goliath moment that will change the
Busting The Real Estate Cartel With Attorney Mike Ketchmark Read More »
The IRS has introduced new income limits for its seven tax brackets for 2024. Thankfully, the thresholds have all increased by 5.4% to account for inflation. In 2023, the IRS expanded its tax brackets by a historically large 7%, reflecting last year’s elevated inflation. Although it’s getting harder and harder to earn a top one
2024 Income Tax Brackets And The New Ideal Income Read More »
Selling bonds to buy real estate is a much easier decision to make than selling stocks to buy real estate. Real estate acts like a bond plus investment because bonds have more similarities to real estate than stocks do. The word “plus” is added to bonds to describe real estate as a type of bond
Real Estate Is Like A Bond Plus Investment: More Potential Upside Read More »
One of the best ways to get a better deal on a home is by paying cash. Sellers prefer all-cash offers because there’s less risk the transaction will fall through once in escrow. As a result, some sellers are willing to discount the sales price or take your cash offer over another offer with a
Paying Cash To Buy A House By Selling Stocks: A Mind Bender Read More »
If you want to succeed long-term, make sure you are working mostly for intrinsic rewards not extrinsic rewards. I believe the right balance for success is to have greater than 70% intrinsic motivation and less than 30% extrinsic motivation. If most of the reason why you are doing something is due to extrinsic motivation, you
To Succeed, Intrinsic Rewards Must Dominate Extrinsic Rewards Read More »
As a real estate investor since 2003, I’ve been disappointed by the real estate buying and selling process for a long time. While transaction costs have declined to zero or near zero for every industry due to technology, real estate commissions have remained stubbornly high. Could real estate collusion be involved? After I sold a rental
Real Estate Collusion Revealed! Misaligned Commission Incentives Read More »
One of the things I’ve tried to work on since high school is being less judgmental about others. To function efficiently in society, I often have default assumptions about people which can sometimes backfire. I’m also certain that if more people got to know each other there would be less conflict. As a minority who
A Blind Spot About Private School Families: They Aren’t All Rich! Read More »
