As a parent, your top priority is to protect your children until they are old enough to fend for themselves. Protecting your children requires good health, being alive, having resources, self-defense skills, and using common sense. If you’re missing one of these, the chances of your children and partner being harmed go up. After a […]
Effective Ways To Protect Your Family From Harm’s Way Read More »
For over 10 years, my father has been my primary editor on Financial Samurai. When my father isn’t available, my wife steps in. This system has allowed me to maintain a consistent publishing schedule of three quality posts a week. Typically, I spend 1.5–3 hours writing a post. Then, my father spends 1–1.5 hours editing
Artificial Intelligence Put My Dad Out Of A Job And I’m Worried Read More »
One of the most significant developments to come out of the pandemic, if not the greatest, was the shift to remote work for millions of employees. Beginning in March 2020, businesses quickly adapted out of necessity, keeping their operations afloat with employees working in pajamas from their living rooms. However, this golden era of remote
Settling The Work From Home Debate Once And For All Read More »
I remember being a broke college student during my senior year at The College of William & Mary. A group of us gathered at the Spanish House, the language immersion dorm where we lived, to brainstorm easy ways to make money. None of us had job offers yet, and we were anxious to prove to
Government Grift As A Lucrative Side Hustle To Build More Wealth Read More »
Recently, I hit a major milestone in my journey to overcome what I like to call “frugality disease.” I spent $160 for an hour of private lessons for my two kids. In the past, I would’ve never paid such an amount. I’ve always been the type to teach them things myself, like swimming and bicycling.
The Curious Inability To Spend Money On Yourself Read More »
Have you ever walked into a home and instantly felt cozy, even in the heart of a bustling city? It’s hard to pinpoint exactly why it feels so comfortable and serene amidst all the noise and chaos. In this post, I’ll break down the key elements that create that warm, welcoming atmosphere. As we get
What Creates That Cozy, Nestled Home Feeling In A Big City Read More »
At long last, after four years, the Federal Reserve has finally cut the Fed Funds rate by 50 basis points on September 18, 2024, bringing the target range down to 4.75% – 5%. The Fed then cut by another 0.25% in November 2024. Expectations suggest we’ll see a total reduction of 100 basis points by
The Biggest Concern After Fed Rate Cuts Is Not What You Think Read More »
If you’re increasing your safe withdrawal rate for retirement now, you’re likely making a mistake. You might be inadvertently top-ticking the market as the Fed embarks on what is likely a multi-year rate cut cycle. One of the main reasons the Fed is cutting rates is due to growing weakness in the labor market. Inflation
Increasing The Safe Retirement Withdrawal Rate At The Wrong Time Read More »
With record-high home equity and declining mortgage rates again, the temptation to do a cash-out refinance is growing. I’ve certainly considered it myself. Real estate prices have surged during the pandemic and most homeowners refinanced to mortgage rates below 4%. However, after careful reflection, my conclusion is that it’s probably not the best move. Having
Resist The Temptation To Do A Cash-Out Refinance As Rates Collapse Read More »
In a previous post, I discussed the futility of working when your net worth is declining. During a stock market crash or recession, your Return on Effort (ROE) for working drops significantly. Therefore, the only way to increase your Return On Effort is to work less, not more. At some point in your life, you’ll
The Minimum Investment Amount Where Work Becomes Optional Read More »
