The best way to achieve financial freedom is to make more money. You can only save so much on a capped income. And one of the best ways to make more money is to side hustle! No longer should we just rely on a day job to thrive. The more income streams you could develop, […]
20 Best Side Hustle Ideas To Make Extra Money Read More »
When I first started writing about FIRE (Financial Independence Retire Early) in 2009, my main goal was to first survive the Global Financial Crisis. If I did, then I would find some way to permanently change my life for good. Back then, the FIRE movement was a bear market phenomenon. Plenty of people were getting
FIRE Confessionals Part II: A Bull Market Phenomenon Read More »
A good net worth allocation is important to weather the consistent financial storms that tend to come every 5-10 years. The last thing you want is to have a net worth allocation mismatch with your risk tolerance and financial objectives. A savvy investor is congruent with thought and action. The right net worth allocation by
Recommended Net Worth Allocation By Age And Work Experience Read More »
1H 2021 turned out to be a raging bull market! The S&P 500 closed up 14.4%. At the beginning of the year, I had predicted an 8% rise in the index. However, my original year-end target price of 4,088 was quickly breached by early April. Then, after 1Q 2021, I upgraded my year-end target to
1H 2021 Financial Samurai Review: Money, Family, And Business Read More »
According to Credit Suisse, the global number of millionaires expanded by 5.2 million to reach 56.1 million in 2020. That’s a 9.8% increase in the number of millionaires since the pandemic began. In 2022, the number of millionaires in the world is likely closer to 60 million given how strong stocks, real estate, and other
The Number Of Millionaires In The World Is Exploding Read More »
One of the sad realizations I’ve had post-vaccination is that my life won’t really change. Although my family has some financial security and no bosses to report to, I’m not sure we will truly be free unless our loved ones are also free. The first thing I did after getting my second shot was try
You Will Never Truly Be Free Unless Your Loved Ones Are Also Free Read More »
Although being a millionaire sounds nice, it’s not that impressive anymore thanks to inflation. In order to be a real millionaire, you will need to have a net worth of at least $3 million, not $1 million. A $1 million net worth provided a great lifestyle before 1990. Not so much today. If you retired
Are You A Real Millionaire? $3 Million Is The New $1 Million Read More »
Are you wondering when to take Social Security? The answer is a little more complicated than it seems. Officially, you can start your retirement benefit at any point from age 62 up until age 70. Your benefits will be higher the longer you delay taking Social Security due to Cost Of Living Adjustments (COLA) that
When To Take Social Security? Make So Much It Doesn’t Really Matter Read More »
Are you ready to live your best life in the YOLO Economy (You Only Live Once)? I sure as hell am! I believe the YOLO Economy is here to stay for the next 10+ years post pandemic. There is huge pent-up demand to spend thanks to stronger balance sheets and higher net worths since 2020.
The YOLO Economy Is Here To Stay: How To Live Your Best Life Read More »
Now that I’m focused on retirement once again, I’ve been doing a lot of planning for what’s next. One of the key items on my pre-retirement checklist is ensuring I have the right asset allocation. As I was reviewing my various portfolios, I realized that I could have been a 401k millionaire by 40 had
Could Have Been A 401K Millionaire By 40 Had I Kept My Job Read More »
