Back in 2012, I thought I had finally conquered financial FOMO after walking away from a well-paying finance job. But after having children, I’ve noticed more and more relapses. If you’ve found yourself battling the desire for more money than you truly need, this post is for you. Ever since returning to San Francisco from […]
How To Eliminate That Intense Financial FOMO You’re Feeling Read More »
To celebrate Millionaire Milestones: Simple Steps To Seven Figures making the USA TODAY national bestseller list, I want to share how you might feel and what you might do as you hit various levels of wealth (net worth). Perhaps by sharing, I’ll motivate you to save and invest more aggressively. We’ll start with reaching your first
How You’ll Feel Reaching Various Millionaire Milestones ($1M-$20M) Read More »
As soon as both my children were born in 2017 and 2019, I superfunded their 529 plans equal to the five-year gift tax exemption. At the time, I was thrilled to do it given a parent’s number one responsibility is to provide for their children. Finally, a tax-efficient way to shift some of my assets
You Should Love The 529 Plan More After OBBBA Passed Read More »
Dear Financial Samurais, The One Big Beautiful Bill Act (OBBBA) reminded me of a key financial principle: it’s better to have a high net worth and low income than a high income and modest net worth. While researching how OBBBA affects FIRE seekers, I realized something encouraging: there is no longer a hard subsidy cliff. Under the enhanced premium
Newsletter for July 12, 2025: Subsidies For Millionaires Read More »
On July 3, the House narrowly passed the One Big Beautiful Bill Act (OBBBA) with a 218–214 vote. According to the nonpartisan Congressional Budget Office (CBO), the bill will add an estimated $3.3 trillion to the budget deficit over the next 10 years. Trump signed the bill the next day on July 4. To help pay for it, OBBBA
The One Big Beautiful Bill Act’s (OBBBA) Impact On FIRE Seekers Read More »
When I first started Financial Samurai back in 2009, I had idealistic dreams of helping as many people as possible achieve financial freedom. My finances were crumbling during the global financial crisis, and I wanted to break free from the corporate grind. So I wrote about how to do just that. But like anything, over
You Can’t Save The World, So Mind Your Own Finances Read More »
Feeling burned out and underappreciated? Tired of managing people and just want to focus on your craft? Thinking about going back to school to do something more meaningful? If any of this resonates, don’t quit your job. Instead, it might be time to consider a strategic descent down the corporate ladder to take back control
Descending The Corporate Ladder: A Great Solution To A Better Life Read More »
Dear Financial Samurais, Despite no clear trade deals with China, the S&P 500 continued its steady climb this week, now up an impressive 14% from its April low. The market has fully recovered all its post–Liberation Day losses. It was particularly interesting to see the S&P 500 gap down ~2% on Wednesday, April 30, only
Newsletter for May 4, 2025: Develop An Investing Mindset Read More »
To my dismay, my beloved hot tub stopped working the other day. It had been fully operational since 2016, but when I went to visit it for a late morning soak, I found its GFCI circuit breaker not working. When I tried to flip it back on, the circuit popped down within three seconds. I
When To Cut Your Financial Losses When Paying For Service Read More »
Since 2009, I’ve been writing about the importance of working to live—accumulating wealth to achieve financial independence and freedom. But despite years of advocating for this lifestyle, I’ve come to realize that convincing people remains an uphill battle. Instead, I now have new proof that live-to-work is back and stronger than ever! “Live to work”
Live-To-Work Is Back And It Could Cost You A Great Fortune Read More »
