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Contribute To My 401k Or Invest In An After-Tax Brokerage Account?

The decision to contribute to a 401k or invest in an after-tax brokerage account is a dilemma that will be solved in this post. As someone who has built up millions in both accounts, there are some key considerations you need to make. The great thing about a 401k is that you are contributing witth […]

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Everything Is Rational – The Answer To All Things Irrational

If you want to reduce your stress, it’s good to adopt the “everything is rational” mantra. Once you believe that everything is rational, you’ll stop getting so frustrated and angry at things. You’ll also stop being so jealous of other people’s success. There’s a lot of messed up things in the world such as war,

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Cheap Health Insurance Options For The Unemployed, Self-Employed, Or Early Retiree

Whether you are unemployed by choice or due to unfortunate circumstance, having health insurance is a must. According to The American Journal Of Medicine, 62% of all bankruptcies in 2007 were health related and that’s before the economic meltdown. What’s more frightening is that back in 2001, health related bankruptcies were “only” 45% of total.

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How To Make Six Figures A Year And Still Not Feel Rich – $200,000 Income Edition

Making six figures a year is a lot of money. However, depending on where you live, making six figures may still not make you feel rich! Due to higher cost of living and elevated inflation, making six figures is no longer a guarantee for high living. One of the great things about America is freedom.

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Three Bad Jobs That Can Eventually Make You Rich And Happy

If I wasn’t whipped so hard during my first job out of college, I never would have saved over 50% of my after-tax income every year for 13 years in a row. I probably would’ve blown the majority of my income on fancy cars, late nights at the clubs with bottle service, and frequent weekend

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How To Cheaply Build A Diversified Investment Portfolio If You Don’t Have Much Money

The rich get rich by buying appreciating assets like stocks, bonds, real estate, and fine art. They have very diversified investment portfolios. The people who don’t get rich spend their money on depreciating assets. They buy cars they can’t comfortably afford instead of using my 1/10th rule for car buying. And, they waste money on

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Focus On Building Net Worth Even More Than Growing Income

If you want to achieve financial independence, focus on building net worth even more than growing income. A big net worth gives you more flexibility. You are also taxed at a lower rate. A high income is great. But W2 income is taxed at the highest rates. Instead, you want to generate as much investment

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Financial Samurai Passive Income Update 2014-2015

Welcome to my annual passive income update. I don’t do these updates more often because nothing changes too much on a month-to-month or quarter-to-quarter basis. Do you really want to see that I increased or decreased my passive income by $1,000 from the month before? I think not. Here are some immediate reasons I can

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A Massive Generational Wealth Transfer Is Why Everything Will Be OK

The headlines about a massive generational wealth transfer are real. I’ve been witnessing it for years. I’ll share just a few examples that I’ve observed in my own neighborhood. Trillions of dollars will be inherited by the next generation. When I bought my previous home 10 years ago my 68 year old neighbor stopped by

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