The best time to start a business is during a downturn. During a downturn, there is less competition, more creativity, and more hungry people looking to start something new. You can hire quality cheaper easier and for cheaper during a downturn, which is more than half the battle. The post, Lessons Learned Since The Financial […]
The Best Time To Start A Business Is During A Downturn Read More »
I’ve written about how to become a millionaire by 30. A lot of luck, hard work, strategy, and risk are involved. Most of us will eventually become 401k millionaires by 60 if we keep contributing the maximum. However, what about becoming a millionaire by 20? It sounds almost impossible given kids must focus on school
How To Become A Millionaire By 20 The Old-Fashioned Way Read More »
Want to learn how to become a millionaire by 30? Here’s my story on how I reached a million dollar net worth before 30. It involved a lot of luck, a lot of effort, and a lot of risk. I believe all Financial Samurai readers will eventually become millionaires due to disciplined saving and savvy
The First Million Might Be The Easiest: How To Become A Millionaire By Age 30 Read More »
Your net worth can be calculated in many different ways. Let’s explore how your net worth is calculated according to wealth managers and socialists. After all, with Joe Biden as President, there’s more hyperbole talk about socialism coming back to America. One of the common beliefs I’d like to overturn is the idea that one shouldn’t count their primary residence as
Calculating Your Net Worth According To Wealth Managers And Socialists Read More »
The benefits of a revocable living trust are priceless. With a revocable living trust, parents can rest easier knowing their estate will be dispersed in a manner in which they desire. There are also tremendous probate court cost savings if you have a revocable living trust. Every parent’s responsibility is to try to give their
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Is earning $1 million a year, at least a top 1% income, enough to retire early? Most would say yes. However, some people who earn $1 million a year having a hard time letting that money go. After all, all you’ve got to do is work one more year and you will make another $1
When Earning $1 Million A Year Isn’t Enough To Retire Early Read More »
Are you wondering whether to buy bonds to build wealth? Well, wealthier people in America do not follow the conventional asset allocation model of buying bonds, i.e. age equals your bond percentage allocation or a 60/40 equities/fixed income split. Nor do they follow my stock allocation by bond yield either. How do I know this?
Should I Buy Bonds To Build Wealth? Wealthy People Don’t Read More »
Knowing the historical 401k contribution limits is important for understanding how much you can really save in your 401k each year. When most of us think about how much we can contribute to our 401(k), we only think about how much we can contribute as an employee. Instead, think also about how much an employer
Historical 401(k) Contribution Limits: Employer Profit Sharing Is Significant Read More »
We’ve talked about all the different types of auto insurance. I’d like to now talk about whether you should get an umbrella policy. An umbrella policy is also known as a personal liability insurance (PLU). This article will specifically describe how does an umbrella policy work and how much does it cost. When you’ve spent
How Does An Umbrella Policy Work And How Much Does It Cost? Read More »
To gauge performance, you need to have net worth benchmarks. Otherwise, you have no idea whether you are outperforming or underperforming the masses. With net worth benchmarks, you can also retire early for greater happiness if you wish! Even if your net worth is up 20% one year, it may be not be so great
Net Worth Benchmarks To Ensure Proper Growth Over Time Read More »
