Long-term care insurance may be needed to afford the remaining years of your life or someone you love. I spoke to my father yesterday and curiously asked him about his thoughts on assisted living facilities. “Absolutely depressing!“, he said. I couldn’t agree more that assisted living programs are depressing given it reminds us everyday about […]
Should I Get Long-Term Care Insurance? Read More »
How do you choose between love or career? Both could last a lifetime, but perhaps not simultaneously. Yet some lucky people find and manage both beautifully. Which is more important in the long run? Let’s study an example of one woman’s struggle deciding between love or career. Her name has been changed for privacy. Sacrificing
Love or Career: Which Is More Important? Read More »
Want to gain financial independence sooner rather than later? Well, you can gain financial independence the hard and honorable way by doing everything yourself. Or you can gain financial independence the easy way by depending on your parents for money. When I graduated from college in 1999, a bunch of my fellow first-year classmates at
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In America, debt welchers are admired, and that’s a problem. Let me explain how adopting an attitude of not paying back your debt will lead you to less wealth and more unhappiness. I’ve always grown up believing that taking on too much debt is a bad thing. What’s even worse is taking on debt and not
Why Debt Welchers Are Admired: Hypocrisy At Its Finest Read More »
Something very bad happened to me the other weekend. I lost $800 dollars betting on the 49ers to win the Super Bowl. Earlier, I had won $600 betting on the 49ers to beat the Vikings and the Packers. But lost it all and then some when the 49ers couldn’t hold onto their 10-point lead. I
Inside The Mind Of A Gambling Addict: No Bet, No Win Read More »
Thank goodness the stock market, real estate market, and economy bounced back since the worst of the coronavirus hit in early 2020. That said, here are important details investors should know about the coronavirus. The coronavirus is likely here to stay even though we have multiple vaccines. Coronaviruses are actually a group of viruses that cause diseases in
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The Economist put out an interesting chart highlighting how long it takes the median household income to earn one million dollars before tax. Have a look. Given the median US household income was roughly $68,000 in 2021, it will take roughly 14.7 years for the typical household to earn $1 million gross. For 2026, the
How Long Will The Average Person Take To Earn $1 Million Around The World? Read More »
Instead of being so honorable and making money all by yourself, maybe you should get your parents to buy you everything as an adult. Life would be much easier this way. If I could do it all over again, I’m not sure I would have scrimped and sacrificed so much in order to come up with a $120,000 down payment
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My estate planning lawyer said something interesting before I decided to hire her. “People who aren’t rich might need estate planning more than rich people because they might not be able to afford to pay probate fees in the case of an untimely death.“ Leave it to the US court system to make the distribution
Three Things I Learned From My Estate Planning Lawyer Everyone Should Do Read More »
The following is a guest post from a 25-year-old Financial Samurai reader who lives in Washington, DC, makes $55,000 a year and maxes out his 401(k). He believes maxing out your 401(k) is a choice on an average income. For those of you who feel like you can’t max out your 401(k), maybe this post
Maxing Out Your 401(k) Is A Choice On An Average Income: $55K In DC Read More »
