The average income of Caucasian Americans continues to be one of the highest among all races with a median household income of roughly $68,000. However, the average income of Caucasian Americans is not the highest. The average income of Asian Americans is highest. Caucasian Americans, (Non-Hispanic whites), account for roughly 61% of the United States […]
Average Income Of Caucasian Americans Grows Rapidly Read More »
Even if the Fed hikes rates, it may have little impact on borrowing costs for mortgages. In general, the Fed is behind the curve when it comes to hiking rates. And that’s understandable. The Fed would rather be a little too slow in hiking rates than a little too fast in order to help our
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A forced savings account will help make you rich over time. It forces you to save versus relying on your own discipline to save. A mortgage is exactly this, a forced savings account where the homeowner pays down principal each month and builds equity. One of the main reasons why the average net worth of
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When it comes to cars, buyer’s remorse is the worst because there’s no return policy. Once you buy your car, it steadily depreciates in value over time. If you buy a new car, the depreciation curve over the next three years is the steepest. Therefore, you had better buy a car you really love, responsibly.
How To Avoid Buyer’s Remorse When Purchasing An Expensive Vehicle Read More »
Empower Personal Dashboard is the #1 free financial tool online to track your net worth, analyze your investments, and plan for retirement. It lets you see all of your financial accounts in one place securely and conveniently. This is the Empower Retirement Paycheck review, formerly known as the Personal Capital Retirement Paycheck feature. Empower’s Retirement
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We are a jobless family in San Francisco. Both my wife and I don’t have jobs. We haven’t had jobs since 2012 for me and 2015 for her. Yet, somehow we’ve managed to do fine while raising a family in expensive San Francisco. Here’s our story. If the amount of money you’re saving each month
How One Jobless Family Of Three Thrives In Expensive San Francisco Read More »
According to the Bureau of Labor Statistics, the average amount spent on transportation per consumer unit was $60,060 in 2017, a 4.8% increase from 2016 levels. 2017 is the latest data they have for 2021. Out of the $60,060 in average consumer expenditure a year, a whopping $9,576 is spent on transportation, or 16%. Is
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When used appropriately, debt can help provide for a better life and make us wealthier. When used indiscriminately, however, debt can destroy our financial lives. This post will rank debt types from worst to best in order to help you achieve financial freedom sooner. To start, let’s say where America stands compared to other countries regarding how much
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The key to financial freedom is generating enough passive income to cover your desired living expenses. Here is the Financial Samurai passive income journey. I’ll share with you how it all started and how I finally left finance in 2012. Financial Samurai Passive Income Journey If the amount of money you’re saving each month doesn’t
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Your net worth composition will likely change the wealthier you get. The wealthier you get, the generally more conservative your net worth allocation. However, wealthier people also have more of their net worth in business equity as you’ll see below. For example, my net worth composition in my 40s looks nothing like it did when
Net Worth Composition By Levels Of Wealth: Build A Business Already Read More »
