According to the U.S. Census Bureau’s Income and Poverty Report In The United States, real median household income data reached all-time highs in 2022 at $76,330. However, it declined by 2.3% to $74,580 in the latest report released in 2H 2023. For 2025, the real median household income is about $80,000. Wonderful! In the prior […]
Real Median Household Income By Race Reaches Record Highs For All! Read More »
The home remodeling industry is booming because everybody is spending more time at home. In addition, with all the chaos and uncertainty under the new administration, the desire to own real assets that generate income and provide utility has also gone up. The housing market will likely stay robust for years to come as a
Why Home Remodeling Always Takes Longer And Costs More Than Expected Read More »
In March 2020, we pulled our son from preschool. We ended up homeschooling him until August 25, 2021, or for 18 months. He’s now attending a language immersion school. Our experience has taught us that homeschooling can be incredibly beneficial. It is more efficient and can provided customized learning for our son. Now that our
Homeschooling And The Decision To Teach Our Own Children Read More »
The US government has blessed us with the ability to deduct our mortgage interest expense from our income. This thereby enables us to lower our tax liability. The maximum mortgage tax deduction ultimately depends on income, which I’ll get into below. Although you could deduct mortgage interest on up to $1 million in mortgage indebtedness
The Maximum Mortgage Tax Deduction Depends On Income Read More »
The median homebuyer age in America is getting older and older each year. Higher home prices and higher mortgage rates are pushing the median homebuyer age up. The median age of first-time homebuyers is now 35. This is the oldest age on record dating back to 1981, according to the National Association of Realtors. Back
The Median Homebuyer Age Is Getting Older: We Better Live Longer! Read More »
生き甲斐, pronounced ikigai, is a Japanese concept that means “reason for being.” In other words, what makes you get up in the morning without an alarm clock because you’re so damn excited?! Ikigai is at the heart of Financial Samurai, this personal finance site I created in 2009 to hep people achieve financial freedom sooner
Ikigai Is Why You Shouldn’t Be Afraid Of Retirement Read More »
If you want a better life, you should strive to be in the top one percent of something, perhaps anything really. By being in the top one percent of something, it shows that you’ve achieved mastery. When you achieve mastery, you gain confidence that will help you be successful in many other endeavors. You know
For A Better Life, Be The One Percent In Something, ANYTHING Read More »
The best way to measure your financial security is by calculating your debt-to-cash ratio. Having a lot of debt lowers your financial security, especially when interest rates are high. Whereas having a lot of cash increases your financial security. The lower your debt-to-cash ratio, the strong your financial security and vice versa. Using debt to
Measure Your Financial Security By Calculating Your Debt-To-Cash Ratio Read More »
If you want to make money post-pandemic, I think you’ve got to focus on big city living again. Big cities are where there will be the most number of job opportunities, entrepreneurial opportunities, investment opportunities and networking opportunities. Further, as companies reduce headcount due to over-hiring, you want to be at the headquarters at big
It’s Time To Focus On Big City Living Again: The Opportunity Is Huge Read More »
Generating enough passive income to cover your desired living expenses is the holy grail of personal finance. The problem is, the goal post keeps moving thanks to inflation and life. This post explores what is considered passive income so we can remain disciplined on our journey to financial independence. I’ve been trying to build passive
What Is Considered Passive Income? Analyzing Stock Sales And Windfalls Read More »
