Paying down debt is quite satisfying. Having no money can actually be quite addicting and thrilling. Let me explain. When you have no money, your body’s survival instincts are triggered. Without money, your risk of starvation and being homeless increases. Therefore, you tend to do everything you can to make more money. Debt puts you […]
The Thrill Of Paying Down Debt And Having No Money Is Addicting Read More »
If you want to achieve financial independence, you need to get your housing expenses under control. This article will provide a housing expense guideline to help you achieve financial freedom sooner, rather than later. Financial Samurai began in 2009 and is one of the top independently-owned personal finance sites today with over 1 million visitors
Housing Expense Guideline For Financial Independence Read More »
Savings is the foundation of good personal finance. This article will discuss how much savings to accumulate by age so you can achieve financial independence and retire comfortably. It’s important to have savings targets at every age to keep you on track. When it comes to building wealth, you don’t want to just wing it!
How Much Savings Should I Have Accumulated By Age? Read More »
The average saving rate by income increases the more you make. That’s logical since living expenses like housing and food tend to more relatively more fixed. However, the average saving rate doesn’t always increase with more income due to a lack of discipline. We all know people who spend way too much and live paycheck-to-paycheck
The Average Saving Rate By Income (Wealth Class) Read More »
Sometimes we all need a redo in life. About once every couple of years, a Financial Samurai post goes a little nuts on the internet. Recently, Twitter got a hold of “Scraping By On $500,000 A Year: Why High Income Earners Can’t Escape The Rat Race” and consumed it like a rabid dog shaking a rag doll.
A $500,000 Redo: How One Couple Got Their Mojo Back! Read More »
Being in the top one percent income level is a big stretch goal for many financial go-getters. After all, only one percent of the working population can earn a top one percent income level. In 2024, a top one percent income threshold is at least $650,000, this is up from $470,000+ in 2019, and $380,000
The Top One Percent Income Levels By Age Group Read More »
There’s a perpetual debate raging whether one should include their primary home when calculating net worth or not. I think it’s absolutely fine to include your primary residence as part of your net worth. It’s also fine not to include your home as part of your net worth. You should calculate both because there is
Include Primary Home When Calculating Net Worth Or Not Read More »
Want to know how to measure you fiscal responsibility? The key is to calculate your FS-FR score. So far, we’ve got the Financial Samurai Debt And Investment Ratio (FS-DAIR). It provides a logical framework for deciding how much to invest and how much debt to pay down every time you have some disposable income. The
How To Measure Fiscal Responsibility: Calculate Your FS-FR Score Read More »
From a previous post, we know that the average expenditure by U.S. consumers is huge. This post will look at the recommended expenditure on housing, food, transportation and more. According to the Bureau of Labor Statistics (BLS), the latest data for 2019 shows the average U.S. household spends $63,036 a year and earns $82,852 a
Average vs. Recommended Expenditure On Housing, Food, Transportation Read More »
The Rise of Stealth Wealth is here to stay as long as there’s an ever growing government and widening income inequality. This article provides a stealth wealth compendium of useful phrases to help you get through life easier. It’s only a matter of time before enormous social unrest wipes the country clean of the wealthy
The Stealth Wealth Compendium Of Useful Phrases To Deflect Attention Read More »
