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 […]
How The New Tax Plan Will Ruin Your Life If You’re Not Careful Read More »
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
Questions To Ask Before Hiring A Financial Advisor Read More »
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
To Get Better, Be Brutally Honest With Yourself Read More »
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 back down to around 3.6% as Americans revenge spend like there’s no tomorrow! We already
The Personal Saving Rate In America And The Best Way To Save A Ton Of Money Read More »
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 *
How To Win Under The Proposed Republican Tax Plan Read More »
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
The Fear Of Screwing Up Our Kids As FIRE Parents Read More »
The best time to start a business is when you are young, broke, and naive. Once you are wealthy and know the cruelties of the world, your enthusiasm for starting a business will fade. Since I was 12 I’ve always wanted to be an entrepreneur. I was surrounded by kids whose parents started beverage companies
The Best Time To Start A Business: When You Are Young, Broke, And Naive Read More »
3Q 2017 was a complete blur. After selling my rental house in June, I was mentally exhausted and decided to do a whole lot of nothing except try and be a good father and continue writing on Financial Samurai. The feeling was kind of like wanting to just sleep in after taking a final exam.
Financial Samurai 3Q 2017 Investment Recap: Redeploying Capital Read More »
The average advisor fees charged by brokerage range from 0.63% to 1.17%, depending on client assets. In general, average advisor fees have been coming down over time due to pressure from robo-advisors like Empower, Wealthfront, and Betterment. This is great for clients looking to save on brokerage advisor fees. The wealth advisory business is great
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