Before I show you the 20-year annualized returns by asset class between 1999 – 2018, I want you to guess the following four things: 1) Of the following asset classes, the S&P 500, a 60/40 stock/bond portfolio, Bonds, a 40/60 stock/bond portfolio, REITs, Gold, Oil, EAFE (Europe, Asia, Far East), national real estate, which performed […]
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If you want to get rich, it’s probably wise to buy real estate as young as you can. Inflation is too powerful of a force to combat. The earlier you buy real estate, the more you can let your returns compound. In addition, buying real estate keeps you disciplined as a forced savings mechanism as
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Taxes are and will be your largest ongoing liability. Therefore, it’s paramount to take steps to lower your tax liability as much as legally possible. Here are smart tax moves to make each your to help you achieve financial independence sooner, rather than later.
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In general, I’m a fan of paying off your mortgage, no matter the situation. However, paying off your mortgage is a bad move whenever the yield curve is inverted. Paying off your mortgage is a suboptimal decision when you have a negative real mortgage interest rate as well. I’ll use a case study to explain
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Travel hacking is one way to save money on travel. This post is part of a travel hack rarely discussed. It sets up the stage and provides some insights into more extravagant spending. We’ll also explore whether more luxurious living is really worth the price. When I got to the 4th floor of my hotel
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Thanks to the fantastic work by the Department Of Justice and the FBI we have learned the average bribe it takes to buy your kid’s way into an elite private university is between $250,000 – $400,000 as of 2019. Although, some bribe amounts went as high as $6 million. And for 2024, the average bribe
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The quick answer to how much you should have saved by age 45 is 8X your annual expenses. In other words, if you spend $50,000 a year, you should have about $400,000 in savings. Your ultimate goal is to achieve a 20X expense coverage ratio in order to retire comfortably. If you want to achieve financial
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Do you really want the financial freedom to do what you want when you want? Are you willing to make sacrifices today so you can be free tomorrow? If you aren’t willing to delay gratification, I’m not sure you want financial freedom bad enough. In 2009, with the launch of Financial Samurai, I kickstarted the
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In my Quora e-mail digest, I stumbled upon the most amazing and heartfelt estate plan I’ve ever read. A user asked: If you were left millions in your parent’s will, but your brother or sister were left nothing, would you give them some money? I think the large majority of us would say, “absolutely yes.”
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After over 10 years of writing over 2,000 personal finance articles, I’ve compiled 35 of the best Financial Samurai articles into one eBook to help you achieve financial independence sooner, rather than later. I’m also publishing a new hard copy book with Penguin Random House called Buy This, Not That: How To Spend Your Way
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