Although the Roth IRA is an important tax-advantaged retirement account, there are also disadvantages of the Roth IRA that are seldom discussed. For years I’ve been an opponent of the Roth IRA. After the government came out with its tricky way to let us all do a “one-time” Roth IRA conversion from our traditional IRAs, […]
Disadvantages Of The Roth IRA: Not All Is What It Seems Read More »
Since 2007, the Michelin Guide has awarded The French Laundry their highest rating of three stars. Unless you’re really rich or a politician, you will likely have to wait months to get a reservation at this Yountville, California restaurant in Napa Valley. Deca-millionaire California Governor Gavin Newsom and his wife were spotted having an opulent dinner
How Rich Must You Be To Dine At French Laundry Like Gavin Newsom? Read More »
There are good times to retire early and then there are bad times to retire early. I’d like to highlight the worst times to retire early to prevent you from living a suboptimal life. As someone who kickstarted the FIRE movement in 2009 with the launch of Financial Samurai, retired in 2012 and mentally un-retired
Top 10 Worst Times To Retire Early (Or Retire Normally) Read More »
How much life insurance do you really need? I’ve wondered this question multiple times through the course of my life. This post will help you figure out how much life insurance to get to protect yourself and your dependents. The key thing to realize is that your life insurance coverage needs change over time. When
How Much Life Insurance Do I Really Need? Read More »
Having honor and pride are good traits. For example, I’m unwilling to break the rules of FIRE to win the game. But having honor and pride can also be detrimental to your quest for financial freedom and living a better life. Life is already hard enough. Don’t make it even harder by being so stubborn!
Don’t Let Honor And Pride Keep Your Life On Hard Mode Forever Read More »
One of my financial regrets was not buying a multifamily investment property in my late 20s. Instead of taking advantage of multifamily investment opportunities to generate more passive income, I decided to buy a four bedroom, three and a half bathroom single family home and live larger instead. The house wasn’t huge at ~2,300 sqft.
The Best Multifamily Investment Opportunities Post-Pandemic Read More »
When there are mortgage market abnormalities, we must take advantage to get the lowest rate and best terms possible. Mortgage market abnormalities happen all the time, as I’ll show in this post. There were two mortgage abnormalities to learn from in 2021. This case study can help us take advantage of future mortgage market abnormalities
Mortgage Market Abnormalities: Take Advantage To Get The Best Rates Read More »
Let’s say you got poor grades in high school or college. You partied too much or were simply disinterested or unfocused. Let me share with you how to overcome poor grades and get a job. Poor grades doesn’t doom you to a “C-student” or worse lifestyle. But let’s first be honest. A lot of people
How To Overcome Poor Grades And Get A Job Read More »
Despite the differences in political philosophies, the one thing both Republicans and Democrats can agree on is economic prosperity. Everybody wants to gain more wealth. Therefore, for stock market investors, having political gridlock tends to be wonderful for returns. No party can always get what it wants. And when one party does get what it
Average Stock Market Returns When There’s Political Gridlock (Massive) Read More »
There’s an old saying in golf, “drive for show, putt for dough.” Hitting a massive 300-yard bomb looks beautiful, but what really counts is accurate putting. Well let me introduce you to a new saying, “Own one car for show and another car for dough.” I can’t tell you how many times I’ve lost money
Own One Car For Show And Another Car For Dough Read More »
