Search Results for: 1/10th rule for car buying

The Average Net Worth And Income For Hispanic Americans

As of 2021, the Hispanic population of the United States is roughly 60 million, making people of Hispanic origin the nation’s largest ethnic or racial minority. Let’s look at the average net worth and income for Hispanic Americans. Hispanic Americans are the fastest growing minority. Hispanics constitute 18 percent of the nation’s total population. As

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The Fundamentals Of FIRE (Financial Independence Retire Early)

FIRE stands for Financial Independence Retire Early. Financial Samurai helped start the modern-day FIRE movement when this site began in 2009. This post will explain the main fundamentals of FIRE so you can decide if it’s a lifestyle worth exploring further for your future. With now over 1 million organic pageviews a month, Financial Samurai

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The Average Credit Score To Qualify For A Mortgage Is Now Very High

The average credit score to qualify for a mortgage is roughly 760 in 2024, a 60 point rise since the financial crisis in 2008. As mortgage rates increase due to inflation and Fed rate hikes, it’s more important than ever to have a great credit score to get a lower mortgage interest rate. Thankfully, gone

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Surviving Off A $400K Income Biden Deems Rich Enough For Higher Taxes

President Biden has stated he will raise taxes on individuals making over $400K and married couples making over $450K to pay for his $1.8 trillion American Families Plan. Once you make more than $400K/$450K a year, President Biden wants to raise the marginal income tax rate from 37% to 39.6%. This is the return to

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The First Million Might Be The Easiest: How To Become A Millionaire By Age 30

Want to learn how to become a millionaire by 30? Here’s my story on how I reached a million dollar net worth in my late-20s. It involved a lot of luck, a lot of effort, and a lot of risk. I believe all Financial Samurai readers will eventually become millionaires due to disciplined saving and

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The Rise Of The Chief Content Officer: The Next Hot Job Of The Decade

Every year I tend to discover one significant thing that fish-slaps me in the face based on some sort of experience. This year, it’s the realization of the next high demand job of the decade: Chief Content Officer. You know how computer science and software engineering jobs have become all the rage over the past 10

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