Here’s a guest post from an angry retail banker. Every time I’m waiting in line to deposit a check at a bank, I wonder what the hell is taking so long. Who are these people with huge envelopes full of cash? Why does the elderly lady always have to argue with the teller about why […]
Confessions From An Angry Retail Banker 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 »
Building wealth has become second nature to me. It’s what happens when you write more than 1,300 personal finance articles over seven years. Not only does writing help you get smart about the topics you write about, many of the articles themselves are moneymakers thanks to the internet! Of course, everything may go to hell once
Track Everything! We’re Eating And Spending WAY Too Much Read More »
Whatever asset class you invest in, it’s always go to optimize the return. Even if you are just saving money in a money market account, you should optimize the return when you can. Data by the Federal Reserve Bank of St. Louis (FRED) reports the national average on non-jumbo money market accounts deposits (i.e. less
Don’t Forget To Optimize The Return On Your Savings Read More »
Are you conflicted by how much time and money you should give to help other people because you aren’t financially secure yet? Because you feel fortunate, do you feel guilty for not giving more? Welcome to the club! In my 20s and early 30s, because I was getting beaten by a stick at work, I struggled with giving
How Much Time And Money Should I Give To Charity? Read More »
The median net worth for US families in 2018 plunged to just $77,300 from a high of $126,400 in 2007. This is according to the Federal Reserve’s Triennial Survey of Consumer Finance. $77,300 can’t even buy you two years of private college tuition! No wonder why so many people think the US is screwed. The
The Median Net Worth Plummets To Early 1990s Levels Read More »
Ever wonder about a celebrity’s income and spending habits? We get to peek inside a celebrity’s income and spending habits thanks to a messy divorce. I had never heard of Amber Heard until her pending divorce with Johnny Depp went mainstream on May 27. She’s accusing Johnny of physically and mentally abusing her for years. Terrible, if
A Peek Inside A Celebrity’s Income And Spending Habits Read More »
The best money market rate I’ve found online depends on timing. If you want to get better rates and higher services from banks, you need to develop a relationship and concentrate your assets. Weeks before Lehman Brothers went bust on September 15, 2008, I decided to spread my savings out to various banks to hedge
How To Get Better Rates And Higher Service From Banks Read More »
Since starting Financial Samurai in 2009, I’ve been making better financial decisions. The reason is because before each big decision, I always spend at least a couple hours analyzing each situation through a post. The dilemmas I have are very similar to the dilemmas many of you have, will have, or have experienced. As a result, after each
A Better Way To Prevent Financial Mistakes: Convince Others Why Before You Buy Read More »
