This is the Financial Samurai 1Q2018 investment update and outlook. Hopefully everyone got some laughs this April Fool’s! It’s always good to poke fun at yourself once in a while to stay grounded. Yes, Twitter is indeed like high school where there are gang ups, non-stop gossiping, and outbursts of hormonal rage. One of the […]
Financial Samurai 1Q2018 Investment Update And Outlook Read More »
Let me introduce to you the next best frugal site: Frugal Wonderful! A buddy of mine who so happens to be a very successful frugal blogger gave me some incredible advice recently. He said, “Sam, you’re doing it all wrong focusing on the mass affluent / aspirational niche. Instead of writing about investing, entrepreneurship, and
Creating The Next Best Frugal Site: Introducing Frugal Wonderful Read More »
When it comes to growing your net worth, having extreme net worth targets by age, income, and work experience is a good idea. Even if you can’t reach the extreme net worth targets, you will likely have pushed you harder had you not had such aggressive goals. Most people don’t have any net worth targets
EXTREME Net Worth Targets By Age, Income And Work Experience Read More »
In my post discussing how managing your family’s money can be a full-time job, I reveal how I didn’t realize my wife’s SEP-IRA account was sitting on 25% cash for who knows how long. With so many accounts to manage, this mistake ended up costing us several thousand dollars in opportunity cost. As a result,
Your Investment Mistake May Actually Be An Investment Win Read More »
Getting rich is about willpower. Without willpower, you will likely never get ahead of the masses. You need willpower, endurance, and grit to get richer than the masses. In the 1960s, Columbia University psychologist Walter Mischel conducted an experiment on children that is now often referred to as The Marshmallow Test. Walter invited various aged
Getting Rich Takes Willpower: Why Give Up When You Can Keep Going? Read More »
After spending years writing a 200+-page bestselling book on how to profitably quit your job with a severance, you’d think I’d have executed everything to perfection. However, let me share some mistakes I made when quitting my job so you don’t do the same. By the time I returned all grizzled and gray, I’d have
Mistakes I Made When Quitting My Job So You Don’t Do The Same Read More »
If you improve productivity it generally means more profit and less time spent working. However, some people take improving productivity too far and end up working all day every day. Since making investment returns might be getting more difficult, it’s good if everybody figures out how to improve productivity. During a downturn, corporations try to squeeze
Five Steps To Improve Productivity: A Quora Case Study Read More »
Are you wondering how often should you rebalance your 401k? The quick answer is at least once a year and at most once a quarter. You want to stay on top of your 401k so its asset allocation doesn’t drift too far from your ideal asset allocation. At the same time, you don’t want to
How Often Should I Rebalance My 401k? Read More »
The marriage penalty tax is discrimination. But given the marriage penalty tax doesn’t hit everybody, there hasn’t been enough uproar to make it go away. Thankfully, the marriage penalty tax has been abolished for 98% of households. In the past, I used to wonder why two individuals with high incomes or two individuals with a
The Marriage Penalty Tax Has Been Abolished, Hooray! Read More »
Are you wondering how much does it cost to buy your kid’s way into the best private universities? After privately speaking to some of the richest people in America, I have the answer! As a pro public school guy, my ears always perk up every time friends talk about choosing private high schools and colleges for
How Much Does It Cost To Buy Your Kid’s Way Into The Best Private Universities? Read More »
