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 »
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
The Best Financial Move I Ever Made Is Something Everyone Can Do Read More »
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
How To Save More Than $100,000 A Year Pre-Tax: Open A SEP-IRA Or Solo 401k Read More »
I started Financial Samurai. Today, I’m 48 and life accelerates as we age. 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.
Create Your Midlife Crisis Fund Before It’s Too Late Read More »
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
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
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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
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 »
