When my son was born in April 2017, I promised to become a full-time father until he turned five. I was so serious about this commitment that I sold our largest rental property to free up time. This property was supposed to be our crown jewel for my wife and my retirement plans. However, something
From Part-Time To Full-Time Fatherhood: A Tricky Transition Read More »
Have you ever feared running out of money? I have. This fear is why there’s a phenomenon called the “one more year syndrome,” where workers keep working to save more, even though they’ve run the numbers and know they have more than enough to live comfortably in retirement. Yet, 10 years later, they are still
You Will Never Run Out Of Money Because You’re Rational Read More »
In 2023, my passive income took a significant $150,000 hit, representing a decrease of 39%, following the purchase of a new house we didn’t really need. It was funded by proceeds from selling public stocks and bonds. The decision to buy the house with cash was agonizing, as we didn’t need a nicer home. It
Why Earning Less Passive Income Has Changed My Life For The Better Read More »
The rich are frequently criticized for not contributing their fair portion of taxes. However, when examining income taxes, it becomes evident that the wealthy actually contribute more than their fair share. Here’s a chart displaying the proportion of income taxes paid by different income groups from 2001 to 2021. In 2001, the top 1% contributed
The Rich Pay More Than Their Fair Share Of Income Taxes Read More »
This is a free Financial Samurai newsletter that was published on April 6, 2024. Every week, I come out with a free weekly newsletter to help readers achieve financial freedom sooner rather than later. Join 65,000 other readers and subscribe here. This way, you’ll never miss a thing. You can also subscribe here to receive
Financial Samurai Newsletter April 6, 2024: Gratefulness Read More »
Education is the key to freedom for all of us. Therefore, I’ve made the decision to pursue a doctorate degree instead of seeking a fancy tech job. Specifically, I plan to earn a Doctorate in Business Administration with a focus on real estate from UC Berkeley. Considering my MBA from UC Berkeley in 2006, my
Getting A Doctorate Degree Instead Of A Fancy Tech Job Read More »
Lately, I’ve been pondering why I have less admiration for men who claim to be retired but have a working spouse. Is it fueled by envy? It’s possible, considering I wouldn’t mind if my wife were the breadwinner, easing some of the financial strain on me. The sentiment is akin to observing several of my
A Provider’s Clock For Men Is Like A Biological Clock For Women Read More »
One of the most commonly asked questions I get is whether I had to make sacrifices in my pursuit of FIRE (financial independence and retire early). When they refer to sacrifices, what they really mean is whether I missed out on the typical fun experiences of a young adult. These aren’t serious sacrifices like risking
The Sacrifices We Make To Achieve Financial Independence Read More »
One of the most effective ways to build semi-passive income is to own your primary residence, live in it for several years, then rent it out and purchase a nicer property. If you’re aiming to retire early, over a 20-year career, you could easily build a rental property portfolio consisting of 3-5 units. This has
The Best And Worst Times To Find Renters For Greater Cash Flow Read More »
Living paycheck-to-paycheck is an unpleasant financial experience. Not only does it mean needing to spend everything you have to make ends meet, it may also create an ongoing feeling of despair. Never feeling like you’ll ever get out of the rat race and retire is demoralizing! You might even have to get into debt to
Embrace Living Paycheck-To-Paycheck To One Day Be Free Read More »
