For those of you without cushy pensions, I’m sorry folks. The 4 percent rule is outdated. The rule was popularized in the 1990s. It is now unwise to follow the 4 percent rule as a proper safe withdrawal rate in retirement, especially if you are part of the FIRE movement. Instead, I highly recommend lowering […]
The Proper Safe Withdrawal Rate: 4 Percent Rule Is Outdated Read More »
Speed racer is in the house! I got a speeding ticket for going 35 mph in a 25 mph zone the other day and I’m pretty ticked. This post will discuss whether I should go to court and fight my speeding ticket. It should help you decide whether you should go to court and fight
Should I Go To Court And Fight My Speeding Ticket? Read More »
Getting life insurance during a pandemic is a good idea. One of the main reasons why the pandemic has been so hard on so many is due to the uncertainty. When you combine economic uncertainty with health and life uncertainty, your mental health can really suffer. If you have debt and/or dependents, getting life insurance
Getting Life Insurance During A Pandemic (COVID-19, Coronavirus) Read More »
The median net worth for the middle class hasn’t changed for decades. Conversely, the median net worth for the top one percent has performed extraordinarily well during the same time period. The main reason is because the mass affluent and top 1% regularly invest in stocks, real estate, and other risk assets that tend to
The Median Net Worth For The Middle Class, Mass Affluent And Top 1% Read More »
Financial opportunity can sometimes be hard to recognize. There was tremendous financial opportunity during the March 2020 stock market sell-off. However, unless you read the post: How To Predict A Stock Market Bottom Like Nostradamus, perhaps you missed the buying opportunity. Here is a story of how one couple missed out on $24,000 of financial
How To Recognize Financial Opportunity: It Doesn’t Come Around Often Read More »
Fixing and flipping homes is a great way to make money. I’ve made several hundred thousand dollars ring and flipping homes when I was younger. The following is a guest post about flipping homes by Mark Ferguson, a Financial Samurai rarer. He became a licensed real estate agent in 2001 after graduating from the University
What Is The Best Way To Make Money Fixing And Flipping Homes? Read More »
The definition of a middle class lifestyle has been consistent for over 50 years. Yet, for some reason, there is still debate on what consists of being middle class. Being middle class isn’t about how much money you make. Being middle class is about what type of lifestyle your money can afford. Whenever I publish
The Definition Of A Middle Class Lifestyle Is The Same As It Ever Was Read More »
Everybody wants to become a millionaire. Unfortunately, not everybody’s chances of becoming a millionaire are the same, partially because the playing field is not even. This article looks at historical data on your chances of becoming a millionaire by race, age, and education. Getting to at least one million dollars in net worth is a
Your Chances Of Becoming A Millionaire By Race, Age, And Education Read More »
Do you make as much as a union worker electrician? Chances are greater than 50% you do not. This post explores how people with regular jobs can make six figures a year no problem. The media loves misery. There’s definitely a lot of bad out there, but does the media really have to focus on suffering
Do You Make As Much As A Union Worker Electrician? Read More »
Are you looking to learn how to better manage your 401(k) for retirement success? You’re in the right place. At 34, I managed to grow my 401(k) to over $500,000 during my relatively short 13-year career working in finance. Today, my 401(k) is now worth over $1,200,000, which is now a rolled over IRA after
How To Better Manage Your 401(k) For Retirement Success Read More »
