My tenants don’t know this but I enjoy coming over to hang. I’m cooped up in my house working from 6am – 10am every morning, so it’s a pleasure when real human beings reach out to see if I can take a look at a problem. While I’m there, I enjoy asking to see how they’re […]
Net Worth Optimization Exercise: Don’t Neglect Valuable Assets Read More »
According to the Bureau of Labor Statistics, only about 55% of the American workforce has access to a 401(k) and only about 38% of the total workforce participate. Doing some low level math, that means roughly 31% of those who have access to a 401(k) are not participating. What are people doing with their money?
The 401(k) Participation Rate Is Shocking Read More »
Do you really know how much you need to retire? A lot of people like to throw out random numbers without really doing the math. One million dollars is a nice round number that often gets brought up for retirement. Unfortunately, $3 million is the new $1 million thanks to inflation in rent, property prices, tuition, automobiles,
Best Retirement Planning Calculator By Personal Capital Read More »
March 2014 officially marks my two year anniversary since I last held a full-time job. It’s been an amazing two years, filled with uncertainty and excitement as I worked to balance play with trying to feel useful. Let me do some reflecting on two years of freedom so far. To keep some discipline, I created
Reflecting On Two Years Of Freedom From Work Read More »
Despite all the benefits of financial independence and early retirement, it’s actually better that not everybody retires early. In every society there are rules to follow and protocols to obey. Retiring before the age of 60 is a violation of such protocols. Some of you may think I’m doing society a service by helping people
Why You Should Not Retire Early – Big Brother Won’t Likey Read More »
Americans seem financially unprepared. According to an American Psychological Association survey, 72% of Americans say they’ve felt stressed about money at some point in the last month. Meanwhile, as many as 50% were so stressed out they admitted to not being able to sleep. Is that you? Hope not, because this is Financial Samurai! If
Are Americans Really So Financially Unprepared? Read More »
Since writing, The Dark Side Of Early Retirement, I’ve sometimes wondered whether writing about early retirement hurts society and the very people who decide to leave the work force early. Being able to do what you want when you want sounds great. But is it healthy? Let’s look at all the reasons not to retire
Rejecting Reasons Not To Retire Early And Live Your Dreams Read More »
Millennials tend to get a bad reputation for work ethic, money management, and common sense. The term quiet quitting was invented by Millennials during the pandemic as a way to not work more. But perhaps this is not fair as every older generation tends to bag on younger generations. However, if you’ve gotten a sense
No Wonder Why Millennials Don’t Give A Damn About Money! Read More »
Let’s go through a new year checklist for financially wise people. If you want to build wealth, then you need to be methodical in your financial decisions. The great thing about the Financial Samurai community is that most of you are intelligent, hard working, non-delusional people who are willing to put in effort for reward.
New Year Checklist For Financially Wise People Read More »
I don’t have a financial advisor, but I do have a Citigold wealth manager assigned to me for an after-tax investment account. You get one of those after you cross a certain asset threshold. In my case, $250,000. This self-managed account was seeded by my severance check in June 2012 and it has grown quite handsomely since due to
Best Ways To Maximize Your Financial Advisor To Build More Wealth Read More »
