Career & Employment Archives

Why Nobel Prize Winners Were So Wrong About The Ideal Income For Happiness

52 Comments / Career & Employment / By Financial Samurai

In 2010, Nobel Prize winners Daniel Kahneman and Angus Deaton from Princeton University argued that $75,000 was the ideal income where happiness increased no further. As someone who made as little as $4/hour at McDonald’s to multiple six figures a year working in investment banking, it was clear to me happiness continued way beyond the […]

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Sadly Giving Up On Retirement And Going Back To Work

178 Comments / Career & Employment, Retirement / By Financial Samurai

After doing a deep dive on the different ways to pay for college and how to get good financial aid, I realized the best thing for my family is for me to go back to work. Coming up with $1,500,000 for two kids’ college experience in 12-15 years is daunting. Going back to work feels

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Regularly Selling Your Company Stock Is Probably A Good Idea

44 Comments / Career & Employment, Investments / By Financial Samurai

Some employers pay their employees with company stock as part of their total compensation package. This way, employees become owners and potentially feel a greater sense of duty towards the firm. If you don’t own any of your company’s stock, you might be less inclined to come in early or leave late. Without company stock,

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A Stealth Wealth Case Study On What Not To Do To Blend In

44 Comments / Career & Employment, Entrepreneurship / By Financial Samurai

As the economy goes down the tubes thanks to a Fed-induced recession, anger against anybody who is perceived to have more wealth or success will go up. As a result, it’s important to practice Stealth Wealth to stay safe and happy. I know anger has increased since the bear market began because I run a

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The Best Life Hack For Americans: Taking Advantage Of Canada

253 Comments / Career & Employment, Education, Retirement / By Financial Samurai

Some Americans fear higher taxes so much they are willing to move. The capital gains tax rate might go up. The step-up basis might go away. And the top marginal income tax rate might go up too. Therefore, may I present the best life hack for Americans: taking advantage of Canada! I’m always looking for

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How One Man Negotiated A $40 Million Mass Severance Package

13 Comments / Career & Employment, Education / By Financial Samurai

Although it’s a bummer to hear about more layoffs as the economy slows, I also feel a lot of hope and excitement for those who have lost their jobs for two reasons. First, there is the benefit of getting a severance package. Imagine getting a severance package worth six months of salary and then finding

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Should You Write A Book? Pros And Cons Of Being An Author

43 Comments / Career & Employment, Entrepreneurship, Gig Economy / By Financial Samurai

So you want to write a book but aren’t sure if it’s worth your time. As a published author of both an ebook and a traditional hardcover book, let me share with you the pros and cons of being an author. Given the success of my Wall Street Journal bestseller, Buy This, Not That, I’ve

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Short-Term Thinking Destroys Long-Term Wealth: Do A Cost-Benefit Analysis

21 Comments / Career & Employment / By Financial Samurai

Before making any big financial decision, always do a cost-benefit analysis. Focus on the costs more because most people are too mesmerized by the benefits. Great marketing and perennial optimism can lead to great disappointment. In the post, The Second Biggest Financial Mistake You Can Ever Make, I made the argument to never expect your

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How To Enjoy Your Life After The Fed Ruins The World

192 Comments / Career & Employment, Health & Fitness, Motivation, Retirement, Travel / By Financial Samurai

Enjoy your life, no matter the economic situation. If you do, then you’ll always be winning. The key is to recognize reality and take appropriate action. The Fed hiked another another 0.25% on March 23, 2023 to 4.75% – 5%. Despite multiple consecutive lower-than-expected monthly CPI numbers, a blowing up of regional banks and Credit

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When The Elites Go On Strike, We Should Pay Attention

56 Comments / Career & Employment / By Financial Samurai

If you’re like me, chances are you are not part of the elite. Like 75% of college students, you may have gone to public school. For various lengths of time, you may have been underemployed or unemployed. Further, you definitely didn’t come from a rich family with prominent connections. Despite not being one of the

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