Below is the Financial Samurai passive income portfolio update for 2018 and for 2021. I’m revisiting this post in 2021 to see how far I’ve come since 2018. Ever since landing my first job post college in 1999, I’ve been determined to build enough passive income in order to not have a job. A future that […]
Financial Samurai Passive Income Portfolio Update 2018 / 2021 Read More »
Congratulations everyone! With the stock market, real estate market, and many other assets doing so well, many of us are rich! In fact, there are are record number of millionaires in the world. However, some people still don’t think they are rich. Let’s see how to tell if you’re rich even if you think you
How To Tell If You’re Rich Even If You Think You Aren’t Read More »
If you’re an experienced investor or a DIY investor, you may still want to use a financial advisor. There are plenty of benefits. But, the way you utilize one is going to be different from someone who is unexperienced with the markets. I’ll explain the main ways you should use a financial advisor below. First
Main Ways To Use A Financial Advisor For Experienced Investors Read More »
After rolling over my 401(k) into an IRA, I’d like to focus on potentially the single most beneficial reason why everyone should convert their 401(k) into an IRA after they leave their jobs: Rule 72(t). Rule 72(t) allows for penalty-free withdrawals of your IRA account before the age of 59.5 provided that the IRA holder take
Use Rule 72(t) To Withdraw Money Penalty Free From An IRA Read More »
Age discrimination in the workplace is all too common. This article discusses why we need to eradicate age discrimination, especially when there is a need to accumulate a larger net worth and work longer now that times are so uncertain. Every large corporation has some type of annual “Diversity Training” course where we learn not
Over The Hill At 40 – Age Discrimination In The Workplace Read More »
When it comes to growing your net worth, having extreme net worth targets by age, income, and work experience is a good idea. Even if you can’t reach the extreme net worth targets, you will likely have pushed you harder had you not had such aggressive goals. Most people don’t have any net worth targets
EXTREME Net Worth Targets By Age, Income And Work Experience Read More »
In my post discussing how managing your family’s money can be a full-time job, I reveal how I didn’t realize my wife’s SEP-IRA account was sitting on 25% cash for who knows how long. With so many accounts to manage, this mistake ended up costing us several thousand dollars in opportunity cost. As a result,
Your Investment Mistake May Actually Be An Investment Win Read More »
Getting rich is about willpower. Without willpower, you will likely never get ahead of the masses. You need willpower, endurance, and grit to get richer than the masses. In the 1960s, Columbia University psychologist Walter Mischel conducted an experiment on children that is now often referred to as The Marshmallow Test. Walter invited various aged
Getting Rich Takes Willpower: Why Give Up When You Can Keep Going? Read More »
Are you wondering how often should you rebalance your 401k? The quick answer is at least once a year and at most once a quarter. You want to stay on top of your 401k so its asset allocation doesn’t drift too far from your ideal asset allocation. At the same time, you don’t want to
How Often Should I Rebalance My 401k? Read More »
Do you have a complicated net worth like me? If so, it may be a good idea to look at a simple net worth. The more complicated your net worth, the more you need to stay on top of it with a free tool like Empower. A blogging buddy of mine named J from Budgets
Managing A Complicated Net Worth: How Messy Is Your Money? Read More »
