The Economic Policy Institute (EPI) came out with a interesting report that chronicles the top one percent income levels by State. To save you the hassle of reading the whole report, let me share with you some of their charts, and my own thoughts on the subject for your review. The EPI is a liberal,
The Top One Percent Income Levels By State Read More »
If you read my “Definitions Of A Middle Class Income” article, you’ll come across my theory that almost all of us identify as middle class, no matter how much we make. Post-pandemic, it’s even more important to stay in the middle class given the K-shaped recovery. Further, President Biden is focused on supporting the middle class
Who Is The Middle Class? We Are All Middle Class Citizens! Read More »
I was invited to join the TaxACT How I Save blog tour which shares ways to increase your savings. Last year, TaxACT saved America over $240 million on tax preparation. The personal savings rate in the US could be better. And it is my hope in spreading knowledge on personal finance topics that more Americans will take better
Increase Your Savings By Identifying Specific Reasons To Save Read More »
The other day I asked a very wealthy entrepreneur about his main financial concern. He’s probably worth anywhere between $50 million to $75 million dollars. Given he has so much money, I thought his answer would be more philosophical, like “making sure my kids appreciate the value of money,” or “how to create a lasting legacy.”
Always Work On Improving Cash Flow For Financial Independence Read More »
I hope everybody is locked and loaded to get… loaded again! It doesn’t matter what new year it is. Every year we should have a goal to make more money, save more cash, and growth our net worth. Only after you’ve achieve financial independence can you take things down. Let me first discuss five basic
Make More Money, Save More Cash, Grow Your Net Worth Now! Read More »
Edward Wolff, a professor of economics at NYU put together a really shocking median net worth chart over time in 2013 dollars I wanted to share with everybody. The data highlights the median net worth four years after the 2009 global financial crisis. The main takeaways are: 1) The median net worth of middle class
The Median Net Worth Of US Households Over Time Has Gone Nowhere Read More »
There’s active income and then there’s passive income. If you want to achieve financial independence, you’ve got to build as much passive income as possible to covered your desired living expenses. However, I believe active income is much more enjoyable than passive income. Making money while not doing anything is the ideal scenario, or so
Active Income Is Much More Enjoyable Than Passive Income Read More »
Money guilt is something I’ve been suffering for a long time. Ever since my friend died in a car accident when he was 15 and I was 13, I’ve felt guilty. He was one of the most popular kids in school. Why did he have to die? Why was I given the chance to live,
How To Overcome Money Guilt And Feel More Fulfilled Read More »
Gen Y Millennials are a curious bunch. They are now in their prime family formation and home buying age. However, back in 2014, when I first wrote this post, I began to wonder whether Gen Y Millennials were screwing themselves on purpose. Let me explain. The Plight Of Gen Y Millennials A 25 year old
Are Gen Y Millennials Screwing Themselves On Purpose? Read More »
Are you wondering what is a good short-term investment? Let’s discuss with a guest post. Greetings fellow Financial Samurai. Bruce here. I recently dropped a note to Sam about a financial conundrum that I was working through as I appreciate the analytical approach on this blog. Sam suggested that I write it up and engage the
What Is A Good Short-Term Investment? A $280,000 Windfall Needs A New Home Read More »
