Since I left my day job in 2012, I’ve been constantly preparing for economic devastation. I had to because I no longer had a safety net. My plan was to take a leap of faith and succeed. It would have been too embarrassing to ask for my old job back if I had failed. Besides, […]
Economic Devastation Might Be Exactly What We Need To Win Read More »
Before I was addicted to real estate, I was addicted to cars. At one point, I had owned eight cars over a 10-year period. And out of those eight cars, one was considered a luxury automobile: the Mercedes G500. Buying a G-Wagon in 2002 was one of my biggest financial regrets. Thankfully, once I became
A Surprising Benefit Of Driving A Luxury Automobile You Might Not Realize Read More »
The average income for Asian Americans is among the highest in America. For 2022, the median Asian American household income is roughly $80,000 compared the the median overall U.S. household in America of roughly $64,000. Asian Americans make up roughly 5.6 percent of the total American population as of 2022. The Asian-American population is expected
Average Income For Asian Americans By Different Asian Subtypes Read More »
Despite being a shareholder in Tesla stock since early 2018, I’ve held off on buying an electric vehicle. With limited funds, it always felt better to invest $50,000 in the stock for potential profit than spend $50,000 on a base-model Tesla car. Besides, I had just bought a 2015 Range Rover Sport in December 2016
Getting An Electric Vehicle May Finally Be Worth It Read More »
Making money hand over fist in this bull market is nice. However, the more money you make, the more money you have to lose. Therefore, it’s important to update your umbrella policy coverage to account for greater wealth. Compounding wealth has a funny way of sneaking up on us. What may have taken you 10
Your Umbrella Policy Needs To Be Updated Thanks To A Bull Market Read More »
America is one of the richest countries in the world. We have huge household budgets to prove it. Let’s look at the average household budget in America to explain how good of a life we are living. According to the latest data by the Bureau of Labor Statistics, the average household budget is $60,060 for
The Average Household Budget Is Huge In America Read More »
Asian Americans make up roughly 6.5 percent of the total American population as of 2024. Despite the small population of Asian Americans in America, Asian Americans have the highest average net worth and highest average income of all races. Let’s look at the average net worth and income for Asian Americans today. The largest Asian
The Average Net Worth And Income For Asian Americans Read More »
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
The Average Net Worth And Income For Hispanic Americans Read More »
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
The Fundamentals Of FIRE (Financial Independence Retire Early) Read More »
If you own a business or are a sole proprietor, a vehicle expense can be deducted from your income to lower your tax bill. This article discusses how much of a vehicle expense you can deduct and not get in trouble with the IRS. I strongly believe a car is the #1 personal finance killer
How Much Of A Vehicle Expense Can You Deduct? Read More »
