Financial Samurai https://www.financialsamurai.com/ Slicing Through Money's Mysteries Wed, 30 Nov 2022 18:33:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 https://www.financialsamurai.com/wp-content/uploads/2017/02/cropped-FinancialSamurai-Site-Icon-700x700-32x32.png Financial Samurai https://www.financialsamurai.com/ 32 32 A Love-Hate Relationship With Owning Rental Property Real Estate https://www.financialsamurai.com/love-hate-relationship-owning-rental-property-real-estate/ https://www.financialsamurai.com/love-hate-relationship-owning-rental-property-real-estate/#respond Wed, 30 Nov 2022 16:15:00 +0000 https://www.financialsamurai.com/?p=211295 I have a love-hate relationship with owning rental property. On the one hand, my rental properties are one of the main reason why I had the confidence to leave work behind. On the other hand, my rental properties are my main source of investment stress. Whenever there is a tenant issue or a maintenance issue,

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Freedom May Not Be Priceless: Consider Going To Jail For Money https://www.financialsamurai.com/freedom-may-not-be-priceless/ https://www.financialsamurai.com/freedom-may-not-be-priceless/#comments Mon, 28 Nov 2022 20:10:00 +0000 https://www.financialsamurai.com/?p=211127 Since 2012, I’ve been arguing that freedom is priceless. After giving up a healthy income and my career for more freedom, how could it not be? But maybe I’ve just been telling a lie to make myself feel better about not being richer! We lie to ourselves to help justify our decisions. Otherwise, we might

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Your Outsized Wealth Is Mostly Due To Luck: Be Thankful! https://www.financialsamurai.com/your-wealth-is-mostly-due-to-luck-be-thankful/ https://www.financialsamurai.com/your-wealth-is-mostly-due-to-luck-be-thankful/#comments Fri, 25 Nov 2022 09:18:00 +0000 https://www.financialsamurai.com/?p=93211 Are you confusing your good fortune due to your own skill rather than due to luck? I’m here to argue that above average wealth is mostly due to luck. Therefore, stop deluding yourself into thinking you’re so great! As President Obama said in a July 13, 2012 campaign election speech, “If you’ve got a business,

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Thankful For Luck: A Phone Call That Changed My Life For Good https://www.financialsamurai.com/being-thankful-for-all-thats-good-and-lucky-in-this-world/ https://www.financialsamurai.com/being-thankful-for-all-thats-good-and-lucky-in-this-world/#comments Thu, 24 Nov 2022 14:18:00 +0000 https://www.financialsamurai.com/?p=80412 Despite the pandemic and a bear market making things difficult for so many, there is still so much to be thankful for. We need to all be thankful for the luck we’ve had so far. Personally, I’m thankful for luck. The more we can recognize luck in our lives, the happier we will be. I’ve

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Being A Professor Is The Ideal Occupation For Riches And Status https://www.financialsamurai.com/professor-is-the-ideal-occupation-for-income-and-status/ https://www.financialsamurai.com/professor-is-the-ideal-occupation-for-income-and-status/#comments Wed, 23 Nov 2022 15:48:00 +0000 https://www.financialsamurai.com/?p=210619 There are very few occupations that provide the ideal combination of riches and status. Being a professor is one of them. Tenured professors are able to make six-figure incomes and earn valuable pensions. Getting a PhD or a post-doctorate is the pinnacle of academic achievement. Meanwhile, most people respect professors for their positive contributions to

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Americans Can Save A Lot Of Money If We Want To, Don’t Worry! https://www.financialsamurai.com/americans-can-save-a-lot-of-money-if-we-want-to/ https://www.financialsamurai.com/americans-can-save-a-lot-of-money-if-we-want-to/#comments Mon, 21 Nov 2022 20:20:00 +0000 https://www.financialsamurai.com/?p=210428 During the pandemic, we learned that Americans can save a lot more money if we want to. Take a look at the historical American personal saving rate chart according to the U.S. Bureau of Economic Analysis and the St. Louis Fed. After lockdowns began on March 18, 2020, the U.S. personal saving rate skyrocketed from

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How To Become A Good-Enough Investor: Investing Lessons Since 1996 https://www.financialsamurai.com/how-to-become-a-better-good-enough-investor/ https://www.financialsamurai.com/how-to-become-a-better-good-enough-investor/#comments Sun, 20 Nov 2022 09:28:00 +0000 https://www.financialsamurai.com/?p=209153 You don’t need to be a great investor to make lots of money. You just need to be a good-enough investor. Once you’re good enough you’ll be able to ride an almost constant tailwind toward financial independence. Further, you’ll learn to no longer blow yourself up and lose all your progress. One of my favorite

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