The decision to buy or rent a home is big one, especially if you’ve never purchased real state before. Here’s my story about how I decided on buying a home vs renting. For me, the decision came up one rainy winter. Rain during the winter in San Francisco means lots and lots of snow in […]
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Dear Financial Independence Seeker, let me share how you can be your own professional money manager. The rich get rich by buying appreciating assets like stocks, bonds, real estate, and fine art. The people who don’t get rich spend their money on depreciating assets like cars they can’t comfortably afford, and clothes that are never
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When I was a young buck, I used to travel like a maniac for work. I racked up travel miles fast because I was earning them non stop. I was based in Manhattan and had to cover clients in Florida, Bahamas, Iowa, Texas, Colorado, and California. Then, there were the necessary quarterly or semi-annual pilgrimages
We all know that San Francisco is an expensive place to live. San Francisco is second only to Manhattan (not New York City) as the most expensive area in America. So much do you have to make in San Francisco to feel well-off? For example, the Department of Housing and Urban Development (HUD) says that
Are you wondering how do millionaires and billionaires make their money? Let me tell you after going to a dinner party with several of these rich folks. 1. One public company founder and CEO worth ~$5B. You’ve all heard of this guy. 2. One public company CEO worth ~350 million. You’ve all heard of his
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One of the most gratifying investments I’ve made is landscaping a fixer I bought in 2014. Great landscaping can really improve the value of your property. Not only does good landscaping make the property look great, it may create more useable space. What’s funny though is that when I was in my 20s and 30s, I
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I’ve actually been a stay at home dad since 2017, but this article was written after two years of being a SAHD. For dads out there who are considering quitting their jobs to be full-time fathers, this post will give you some perspective. I still remember the day my son was born like it was
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After a strong stock market since 2000, except for in 2022, more people are thinking of cashing out of stocks to buy real estate. After all, real estate is a real asset that provides utility and tends to hold its value. Stocks are just digital values that could plummet in value over night. Seeing your
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The following is a guest post by Financial Samurai reader Tony who believes financial dependence is the worst and that the best thing we can do for our husbands or wives is to make them independently wealthy. Back when I was working in finance, I became perturbed at my ever increasing tax bill. It didn’t make
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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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