If you want to get rich, you might as well aim to get really rich. Being so-so rich, or mass affluent, where your household earns multiple six figures and has a single-digit million net worth, is not bad. But you’ll likely still suffer from continued angst and anxiety, especially if you’re a parent. It’s only […]
If You Want To Get Rich, Make Sure To Get Really Rich Read More »
During the summer, I like to work odd jobs to remind myself of the importance of hard work and determination. This way, it helps me not take for granted the things that I have today. Since starting Financial Samurai in 2009, I’ve been told countless times that I live in a bubble and I’m out
A Summer Job Landscaping A Rental Property With My Children Read More »
I watched something on TikTok that made a good point. The premise is that Finance is the language of the elite. It sounds presumptuous and elitist, but it could be true! Have a watch or a listen and see if you agree. Here’s what he says: Most people are financially illiterate. You know what the
Finance Is The Language Of The Elite Only If People Don’t Learn It Read More »
CNBC got folks fired up when it came out with its top 10 worst states to live and work in. Texas, a state with a population of almost 30 million, came in as the worst state. I’ve been to Austin and Houston a dozen times for work. They are fine cities with some mighty fine
The Worst State To Live And Work In America Is Texas? Giddyup! Read More »
If you’ve been laid off from an employer with 100 or more full-time employees, you are eligible for Federal WARN Act pay. An employer must provide written notice to employees 60-days prior to a plant closing or a mass layoff. In other words, the Federal WARN Act pay is equal to 60 days of pay,
When To File For Unemployment Benefits If You Receive WARN Act Pay Read More »
In my quest to upgrade homes, I’ve come to realize that buying a home with contingencies is like getting a free call option. Your likely worst case scenario is that you make nothing. But your best case scenario is that you buy a home at a price that is below market. For the last three
Buying A Home With Contingencies: Like Getting A Free Call Option Read More »
Did you know some universities have personality scores by race? I couldn’t believe it either. These personality scores seem likely completely subjective measures to justify rejecting some applicants and accepting others, despite substandard grade and test scores. Although the Supreme Court striking down of Affirmative Action for college admissions is disappointing for many, there are
Personality Scores By Race: The Differences Are Unbelievable Read More »
Now that you know why a home’s accurate square footage is important, it’s time to exploit the inconsistencies and make some money! Buying a home with the wrong marketed square footage can bring about gains. You can either ask for a concession of the advertised square footage is larger than reality or sell the home
How To Make Money On Homes With Wrong Square Footage Read More »
If you’re buying a home, you should compare the home’s advertised square footage with the official square footage on the Multiple Listing Service (MLS) and tax records. Your goal is to uncover any discrepancy and understand why the discrepancy exists. The MLS takes its information from the home’s official square footage found in the county’s
When Advertised Home Square Footage Is Different From Tax Records Read More »
I wrote about the various paradoxes of wealth based on a Charles Schwab Modern Wealth Survey. In this article, I want to highlight another wealth paradox based on the amount people expect they need in retirement versus how much they actually have. According to this new data, I’m convinced Americans really don’t know how much
How Much People Want In Retirement Vs. How Much They Actually Have Read More »
