There’s one big risk of peer-to-peer lending you might not be aware of. And that’s how addicting peer-to-peer lending can get! When I log into my P2P account to figure out where to dole out my next $1,000 tranche to borrowers, I feel a little bit like President Biden handing out money to his supporters. […]
One Big Risk Of Peer-To-Peer Lending: You Might Get Addicted! Read More »
Everywhere I go, I hear the benefits of the Health Savings Account, or HSA for short. People say an HSA is one of the best ways to save for retirement. It obviously is a great way to pay for inevitable medical expenses given the tax benefits. But is it worth having a high deductible plan
Mass affluent is sometimes used interchangeably to describe the middle class. However, that’s not quite right because being mass affluent is wealthier than the middle class. Mass affluent edges closer to describing the upper middle class, those with above-average incomes and above-average net worths. That said, the middle class is the best social class in
What Is Considered Mass Affluent Based Off Income, Net Worth, And Investable Assets Read More »
In early 2005, at the age of 28, I took out a $1,220,000 mortgage to buy a $1,523,000 house in San Francisco. After having bought a modest condo a couple of years earlier, I wanted to go all-in. In retrospect, this was a crazy amount of debt to take on at that age. When the
No Mortgage More Courage: Pay Off All Debt Before Retiring Read More »
There was so much nobody told me about what having a baby is like. Being a first time parent was quite overwhelming in the beginning! Naturally I started to wonder what it’s like going from 1 kid to 2 kids. To get some firsthand insights, I surveyed a bunch of moms with 2 or more
What Is It Like Going From 1 kid to 2 kids? Unexpected Challenges! Read More »
June 13, 2020 Update: Is it time to sell stocks in 2019? This was an absolute spot on call to sell stocks after the 2019 rally. I then proceeded to call the stock market bottom in March 2020 too. Stay cautious out there in stock land folks! Focus on buying steady real estate instead. The
Is It Time To Sell Stocks In 2019? Read More »
It’s never too early to think about ending the year strong, taking actions to reduce taxes, and staying on top of your financial health. Before another year comes to a close you can take steps to save, shape up your investments, get organized, and minimize your tax liability. This year end financial checklist can help
Complete This Year End Financial Checklist For Greater Wealth Read More »
I conducted a fun experiment back in 2010. I wanted to see if I could create a randomly selected Financial Samurai Stock Fund that could out perform the S&P 500. Here’s a look back at how the experiment played out. Thesis: Through random selection based solely off permutations of reader’s names (personal or site title),
The Financial Samurai Stock Fund To Beat The S&P 500 Read More »
There’s nothing better than being financially free. Let’s look at some income profiles of FIRE movement followers. I’ve been writing about FIRE since 2009 and it’s always fascinating to see how other people are living. In “Are You Too Proud To Be Rich?” my goal was to challenge people’s beliefs that going to college, and getting
Income Profiles Of Financially Free People: FIRE Movement Followers Read More »
If you want to achieve financial independence, you need to get your housing expenses under control. This article will provide a housing expense guideline to help you achieve financial freedom sooner, rather than later. Financial Samurai began in 2009 and is one of the top independently-owned personal finance sites today with over 1 million visitors
Housing Expense Guideline For Financial Independence Read More »
