After sharing how one man retired at age 41 with a household net worth of $4 million, I thought it would be good to share another story about early retirement from a completely different situation. This story comes from money trauma and how it is being conquered. One of the complaints about the $4 million […]
Overcoming Money Trauma: Why I Retired To Taiwan With Only $600,000 Read More »
Decumulation is the process of spending down your net worth so you don’t die with too much money. If you die with lots of money left over, you’ve essentially wasted all the time and energy it took for you to accumulate that money. At the same time, nobody wants to run out of money before
The Best Decumulation Age To Start Spending Down Your Fortune Read More »
Your financial independence number is the amount of money you think you need in order to be free. Unfortunately, if nothing changes in your life after reaching your financial independence number, then the number simply is not real. You need to accumulate more capital and generate more passive income. Some people continue to believe once
Your Financial Independence Number Is Not Real If Nothing Changes Read More »
Let me share when is the best time to sell rental property with a logical framework. As a rental property owner since 2003, real estate is my favorite asset class to build wealth. However, I’ve increasingly considered selling my rental properties as I get older and wealthier to simplify life. On the one hand, owning
When Is The Best Time To Sell Rental Property? Five Reasons To Consider Read More »
Welcome To Financial Samurai! Financial Samurai is a leading independently-owned personal finance site that began in 2009. The site receives roughly 1 million organic visitors a month. Unlike most other personal finance sites, everything written on this site is based on firsthand experience. I’ve been publishing three posts a week and one free newsletter every
Welcome To Financial Samurai: The Web’s #1 Personal Finance Site Read More »
Congratulations for reaching 60 or almost 60! At 59.5, you can withdraw from your 401k penalty free if you wish. And if you aren’t 60 yet, then hang in there. This post will answer your question: How much should I have in my 401k at age 60. The goal is for you to live a
How Much Should I Have In My 401k At Age 60? Read More »
With so many tax-advantaged and taxable investment accounts, it may be hard to figure out the right contribution order between them for a healthier retirement. Between our family of four, we’ve somehow managed to open up 14 investment accounts over the years! Thankfully, technology has enabled us to keep track. If you’re on the path
The Right Contribution Order Between Your Investment Accounts Read More »
I’ve been waiting to publish my 2022 goals until now because there’s some whacky statistic out there that says most people give up on their goals by January 15. Therefore, by waiting until after January 15, I have circumvented this sad reality! 2022 is finally the year to live it up. Less work, more fun!
FS Goals For 2022: Less Work, Way More Fun! Read More »
One of the most popular posts on Financial Samurai is The Average Net Worth For The Above Average Person. But what about the average net worth for the above average married couple? After all, you’re not really getting ahead financially if your finances are just like every other couple’s finances. Life is so much easier
The Average Net Worth For The Above Average Married Couple Read More »
How big of an investment portfolio should I have to be financially free or start feeling free? This is one of the most common questions people starting on their financial independence journey ask. For background, I’ve been writing about achieving financial independence since 2009, when I started Financial Samurai and helped kickstart the modern-day FIRE
The Minimum Investment Portfolio Balance To Start Feeling Free Read More »
