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 »
Let’s look at the average net worth and income for white Americans. Non-Hispanic whites account for roughly 61% of the United States population as of 2021. In other words, white people are still the majority race in America. However, by 2041, it is estimated that white people will no longer be a majority. Below is
The Average Net Worth And Income For White Americans Read More »
The average credit score to qualify for a mortgage is roughly 760 in 2025, 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
The Average Credit Score To Qualify For A Mortgage Is Now Very High Read More »
President Biden 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 the
Surviving Off A $400K Income Biden Deems Rich Enough For Higher Taxes Read More »
Want to learn how to become a millionaire by 30? Here’s my story on how I reached a million dollar net worth before 30. 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 savvy
The First Million Might Be The Easiest: How To Become A Millionaire By Age 30 Read More »
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
The Rise Of The Chief Content Officer: The Next Hot Job Of The Decade Read More »
The decision to pay down debt or invest is a personal one. It depends on a lot of factors such as risk tolerance, your number of income streams, liquidity needs, family expenses, job security, investing acumen, retirement age, inflation forecasts, and bullishness about your future in general. I’ve had hundreds of people ask me whether to
Pay Down Debt Or Invest? Implement FS DAIR Read More »
Having honor and pride are good traits. For example, I’m unwilling to break the rules of FIRE to win the game. But having honor and pride can also be detrimental to your quest for financial freedom and living a better life. Life is already hard enough. Don’t make it even harder by being so stubborn!
Don’t Let Honor And Pride Keep Your Life On Hard Mode Forever Read More »
Without proper financial benchmarks, you don’t know whether you are getting ahead, staying in place, or getting left behind. Therefore, it’s important to choose at least one financial benchmark on your journey to riches. There is one consistent observation I’ve noticed in my journey towards financial freedom. Rich people make things more expensive for the
Financial Benchmarks Investors To Gauge Net Worth Performance Read More »
Speed racer is in the house! I got a speeding ticket for going 35 mph in a 25 mph zone the other day and I’m pretty ticked. This post will discuss whether I should go to court and fight my speeding ticket. It should help you decide whether you should go to court and fight
Should I Go To Court And Fight My Speeding Ticket? Read More »
