Search Results for: early retirement

Getting Rich Takes Willpower: Why Give Up When You Can Keep Going?

56 Comments / Retirement / By

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 […]

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Mistakes I Made When Quitting My Job So You Don’t Do The Same

41 Comments / Career & Employment / By

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

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Five Steps To Improve Productivity: A Quora Case Study

44 Comments / Entrepreneurship / By

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

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The Marriage Penalty Tax Has Been Abolished, Hooray!

77 Comments / Family Finances, Taxes / By

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

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How Much Does It Cost To Buy Your Kid’s Way Into The Best Private Universities?

57 Comments / Education / By

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

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The Best Financial Move I Ever Made Is Something Everyone Can Do

128 Comments / Career & Employment / By

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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How To Save More Than $100,000 A Year Pre-Tax: Open A SEP-IRA Or Solo 401k

146 Comments / Retirement, Taxes / By

One big goal on Financial Samurai is to highlight to readers what is financially possible. Once you know what is possible, you minimize your limiting beliefs and tend to strive much farther. You can actually save more than $100,000 in your pre-tax retirement accounts per year! Let me explain with some basics first. The 401k

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