I’d like to share with you the best financial move I ever made to help me get to financial independence at 34 in 2012. I started Financial Samurai in 2009 and started writing about achieving FIRE (financial independence retire early) on a regularly basis. Today, the FIRE movement has grown to be a worldwide phenomena […]
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Life accelerates as we age. And one day you may wake up and find yourself in the middle of a midlife crisis. The key to getting through it without going broke is to create a midlife crisis fund in advance. That and mentally prepare as much as possible. But before we get to discussing a
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Here are some investing lessons from a surreal 2017. It’s always good to learn and review each year to hopefully improve risk-adjusted returns. At the beginning of the year, I decided to track my investments with a detailed spreadsheet. My cash flow was increasing and I wanted to make sure the money was being properly deployed.
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I firmly believe tax policy changes behavior. The higher your taxes go, the BETTER your life becomes! Why? Because at the margin, the less money you keep, the less motivated you’ll be to work. Since the love of money is the root of all evil, the less time you spend chasing money, the happier you will be. One of
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If you are looking to hire a financial advisor, this post will discuss some questions to ask before you do. It’s important to hire an experienced financial advisor who actually also has more wealth than you do. Imagine learning how to cook from someone who only knows how to operate a microwave oven. Yum! Those
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To get better, you must be brutally honest with yourself. Open yourself up to stinging criticism and judgement so that you may improve upon your deficiencies. One of the downsides of putting yourself out there is that you open yourself up to misinterpretation or criticism. Fear of ridicule is one of the biggest reasons why
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Before the pandemic, the personal saving rate in America hovered between 5% – 6%. Post pandemic, the personal saving rate in America shot up above 25% as people freaked out about their future. Today, the U.S. personal saving rate is hovering around 3.6% as Americans revenge spend like there’s no tomorrow! We already know the main
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If you want to reduce emotional stress, you need to start seeing life through a different perspective. Perfect happiness is an illusion. You would think life is a piece of cake being a stay at home and work from home dad with a stay at home spouse. But I recently went through two weeks of intense
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Here are the key points from the now passed Trump administration’s tax plan for 2018 and beyond. This is the Republican tax plan. After reviewing the key points, I share my thoughts on how to win under this possibly new tax environment. The audio version is at the end of the post. Republican Tax Plan Highlights *
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There’s a fear of screwing up our kids as FIRE parents (financially independent retired early parents). If kids grow up in a nice home, drive a nice car, and don’t see their parents working, it becomes easier for kids to take money, life, and work for granted. As a parent, the last thing you want
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