When I left my job in early 2012, I made it a goal to achieve a $200,000 annual passive income figure by June 2015. At the time, I had around $80,000 in annual passive income and figured why not shoot for $200,000 in order to never have to go back to work again. In those days, 4% interest rates […]
A Long Road Home: Financial Samurai Passive Income Update 2017 Read More »
On December 10, 2008, Bernie Madoff’s two sons told authorities their father was running a $65B Ponzi scheme for decades. Supposedly the sons and mother had no idea. Beware, ponzi schemes are everywhere. Bernie’s scheme began to unravel after the financial crisis in 2008 catalyzed a series of fund redemptions, which ultimately forced Bernie to come clean to
The Father Of All Ponzi Schemes Will Cause The Mother Of All Financial Meltdowns Read More »
Guaranteed returns are always nice. Unfortunately, guaranteed returns are generally very low, especially in this low interest rate environment. Due to low interest rates, investors have been investing in risk assets for greater returns. The first thing we need to understand is money used to invest in a CD, pay down a mortgage, or pay off student loans should
You’d think that after reaching an 800+ credit score, life would be all donuts and free coffee right? Well, I’ve got to admit, nobody taught me a secret handshake, or gave me a coupon for a free deep-tissue massage. Instead, life just went on like usual. The reality is, there are over 60 different types of credit scores!
Understanding The Different Types Of Credit Scores – There’s Over 60! Read More »
The following is a guest post by Sliced Investing co-founder, Mike Furlong. He eagerly left Wall Street to launch this start up. Sliced Investing is backed by Y Combinator, Khosla Ventures, TriplePoint Venture Growth, Data Collective, and Carnegie Mellon. Funny enough, I also left Wall Street so I could focus on Financial Samurai. I spent this
Why I Left Wall Street To Start A Fintech Company Read More »
One goal after leaving my corporate job of 11 years in 2012 was to learn more about the startup industry in Silicon Valley. With so much happing here, I found myself dreaming about going on my own startup journey. I was coming from the old school finance industry where there was relatively little innovation compared to
The Startup Journey: Alternative Investing With Sliced Investing Founders Read More »
Happy New Year! Time always moves faster the older we get. One day I’ll lose my mind and hopefully these journal entries will jog my memory. I’ve put together this 2013 year in review to take a quick look back at what I did well on and where I failed. Although less than 20% of
2013 Personal Year In Review On Financial Samurai Read More »
For those with memories longer than the time it takes to read this article, the month of May is quickly approaching. And with it, the one-year anniversary of not only the “Flash Crash”, but also the moment when the European debt crisis grabbed financial headlines, causing an immediate crisis of global proportions. Capital suddenly flew
The European Debt Crisis is Still Alive and Kicking Read More »
My mother is a white cloud of happiness. Every time I see her, she smiles even bigger than I can ever smile. She loves to talk stories about any of life’s teachings she’s discovered, and I generally just keep quiet and listen. Sometimes I don’t understand everything she says, but that’s OK. It makes me happy just
The White Cloud of Happiness – Thank You Mother Read More »
After observing the users of promotion sites like TIP’d on Twitter, I’ve come to the conclusion that there needs to be an endless amount of self-promotion to initially move up the rankings. Nobody really cares more about you than you though. It just feels weird asking for votes. So I don’t think I’m going to bother
The Katana: Nobody Really Cares More About You Than You 11/22 Read More »
