Have you ever wondered will marrying someone with bad credit hurt my credit score? If so, great job thinking about your financial future together with someone new. The short answer is: No, in the short run. However, in the long run, your credit score may be hurt if you aren’t careful. Love is love. Ever […]
Will Marrying Someone With Bad Credit Hurt My Credit Score? Read More »
Divorce is one of the worst destroyers of wealth. May you never have to go through one. Love birds beware. The following is a guest post from Financial Samurai reader and medical doctor, Xrayvsn. A divorced ruined his life but he clawed his way back. Divorce. Few words in the English language can elicit as
A Divorce Ruined My Life, But I Clawed My Way Back Read More »
It’s harder to get rich off stocks than it is to get rich off real estate. The main reason why is due to the absolute amount of money you need to risk to get rich in stocks. Even if your $5,000 stock investment goes up 50%, that’s only $2,500. But if your $500,000 rental property
Why It’s Harder To Get Rich Off Stocks Than Real Estate Read More »
Reaching financial independence is the holy grail of personal finance. But what does financial independence really mean? In this post I’d like to determine the three levels of financial independence. That’s right. Even in financial independence there is no one size fits all since everybody has a different desired standard of living. Some people are
The Three Levels Of Financial Independence: Because Money Is Only Part Of The Equation Read More »
There are three primary types of retirement plans in the U.S. today: Traditional IRAs, 401(k)s, and Roth IRAs. This article will focus on whether doing a backdoor Roth IRA is a good move for higher income earners. It is often debated which of the two IRA options is better: the Traditional IRA that is tax
Is A Backdoor Roth IRA A Good Move For Higher Income Earners? Read More »
Wealth management can be a full-time job if you have a lot of investments. Investing family money can be stressful. At some point, you might want to hire a money manager to help you with your finances. When I sold my rental house, I thought my stress would go down at least 80%. After all,
When Is It Time To Hire A Money Manager? Wealth Management Can Be A Full-Time Job Read More »
Alexandria Ocasio-Cortez, aka AOC, is a 30-year old Congresswoman from New York’s 14th district. As of 2020, AOC is 30 years old self-proclaimed Democratic Socialist and is one of the most popular politicians in America. Despite her position as a Congresswoman, many have wondered whether AOC is smart, or downright dumb. First of all, you
Is Alexandria Ocasio-Cortez (AOC) Dumb? Read More »
How To Engineer Your Layoff is my bestselling ebook that will teach you how to negotiate a severance package. For those of you who want to walk away from your job with money in your pocket, my book is for you. By age 34, I was able to confidently leave my job in finance and
How To Engineer Your Layoff: Make A Small Fortune By Saying Goodbye Read More »
Dear prospective client looking for personal finance consulting, I spent 13 years working in one of the most high-powered, fast-paced, and stressful industries in the world. By the time I was 27, I was promoted to Vice President where the typical VP promote is 32-33. In 2009, I started Financial Samurai which has now grown to
Financial Samurai Personal Finance Consulting Read More »
Long-term care insurance may be needed to afford the remaining years of your life or someone you love. I spoke to my father yesterday and curiously asked him about his thoughts on assisted living facilities. “Absolutely depressing!“, he said. I couldn’t agree more that assisted living programs are depressing given it reminds us everyday about
Should I Get Long-Term Care Insurance? Read More »
