One of the biggest peculiarities for hard working folks who want to achieve financial freedom is that we often don’t know when to stop grinding. In other words, when is it OK to forsake Stealth Wealth and start spending more on a better life? After all, you don’t want to die with too much money. Even […]
When Is It OK To Forsake Stealth Wealth And Spend Up? Read More »
Achieving financial freedom is the ultimate goal in personal finance land. Once you achieve financial freedom you can do anything you want, whenever you want. You can also say anything you want without fear of getting fired. In 2009, when I launched Financial Samurai, I helped kickstart the modern-day FIRE movement of retiring early and
Achieving Financial Freedom One Income Slice At A Time Read More »
It’s been thirteen years since planting my financial independence flag in 2012. I want to share with you some thoughts on how life has been after financial independence. I originally wrote this post eight years after retiring early. Before neutering my day job income, I feared whether I was doing the right thing financially. What I realized
Life After Financial Independence: How Life Changed After Retiring Early Read More »
There’s a common misconception that you have to be a doctor, banker, or lawyer to be rich. That’s simply not true. In today’s world it’s easier than ever to grow your wealth in nontraditional and new innovative ways. You can make more money anywhere doing all kinds of things. But first, you have to believe.
Fortunes Everywhere! You Can Make More Money Anywhere Read More »
In early 2020, I had an early retirement master plan of retiring at age 45 by the end of 2022. Let’s review the plan given it’s now past the target date for re-retirement. I turned 47 in mid-2024. Here’s what I wrote in early 2020 right before the pandemic began on January 6, 2020. Then
An Early Retirement Master Plan: FIRE By 45 Read More »
In 2020, I failed at early retirement and I want to share why. For background, I retired in 2012 at the age of 34 after working in investment banking at Goldman Sachs and Credit Suisse for 13 years. I also helped kickstart the modern-day FIRE movement in 2009, when I started writing about achieving financial
Why I Failed At Early Retirement: A Love Story Read More »
The Setting Every Community Up For Retirement (SECURE) Act recently passed and it will go into effect for all Americans in 2020. There is now the SECURE Act 2.0 for retirees to consider This article goes through the retirement benefit changes for the original SECURE Act. The goal of the SECURE Act is to make
How The SECURE Act Changes Your Retirement Planning Read More »
Financial targets are always moving. Just when you reach one financial target, another financial target is often made. The reason for the change is due to hedonic adaptation. We humans always seem to want more! To make sure you’re being financially responsible, always look at the latest economic data to determine whether you’re saving enough,
Financial Targets Are Always Moving: Follow Your Own Compass Read More »
Good news! It just got a little bit easier for everyone 40 and under to become 401(k) millionaires by the time you turn 60. The maximum 401(k) contribution limit for 2021 is $19,500, the same from 2020. Meanwhile, the combined employer and employee contribution limit rises by $1,000 to $58,000. In other words, your employer
The Maximum 401(k) Contribution Limit For 2021 Read More »
The largest severance package is over one billion dollars! Let me share with you who got such a record severance package amount and why you can negotiate a severance package as well. Over the years, I’ve received some doubt from three types of people regarding the feasibility of negotiating a severance package. The first set
The Largest Severance Package Ever For Destroying A Company Read More »
