Everybody should have a net worth target to shoot for by age, work experience, and income. Net worth targets will help you stick to your financial plan and motivate you to do more. With net worth targets, you will likely build way more wealth than if you had zero net worth targets. Too many people
Net Worth Targets By Age, Income, And Work Experience For Financial Freedom Seekers Read More »
According to the U.S. Census Bureau’s Income and Poverty Report In The United States, real median household income data reached all-time highs in 2022 at $76,330. However, it declined by 2.3% to $74,580 in the latest report released in 2H 2023. For 2025, the real median household income is about $80,000. Wonderful! In the prior
Real Median Household Income By Race Reaches Record Highs For All! Read More »
In March 2020, we pulled our son from preschool. We ended up homeschooling him until August 25, 2021, or for 18 months. He’s now attending a language immersion school and so is our daughter. Our experience has taught us that homeschooling can be incredibly beneficial. It is more efficient and can provided customized learning for
Homeschooling And The Decision To Teach Our Own Children Read More »
If you want to make money post-pandemic, I think you’ve got to focus on big city living again. Big cities are where there will be the most number of job opportunities, entrepreneurial opportunities, investment opportunities and networking opportunities. Further, as companies reduce headcount due to over-hiring, you want to be at the headquarters at big
It’s Time To Focus On Big City Living Again: The Opportunity Is Huge Read More »
After my post, The Proper Withdrawal Rate: 4 Percent Rule Is Outdated, ruffled some feathers, I began to wonder why people argue so much on the internet. Arguing is exhausting and pointless. There’s no need to win a financial argument. Just get rich instead. The last time I got into a financial argument must have
No Need To Win A Financial Argument, Just Win By Getting Rich Instead Read More »
Anybody who is currently trying to build multiple income streams knows that it’s hard work to maintain them all. Whether the reason is due to a low interest rate environment, mental fatigue, or a tremendous amount of extra hustle during undesirable hours, when it comes to creating your own safety net, patience is a virtue.
How To Better Maintain And Grow Your Multiple Income Streams Read More »
For those of you without cushy pensions, I’m sorry folks. The 4 percent rule is outdated. The rule was popularized in the 1990s. It is now unwise to follow the 4 percent rule as a proper safe withdrawal rate in retirement, especially if you are part of the FIRE movement. Instead, I highly recommend lowering
The Proper Safe Withdrawal Rate: 4 Percent Rule Is Outdated Read More »
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Financial Samurai Media Kit And Advertising Opportunities Read More »
Thanks to the unrelenting rise in the stock market since 2009, there’s now a trend on social media to share your 401k balance, especially if it’s over a million bucks. Yes, being a 401k millionaire is now a real status thing! Despite the distastefulness of bragging, just the fact that more people are talking about
Here’s When You’ll Become A 401k Millionaire Read More »
Everything in personal finance seems to go around in circles. This post will discuss when income is more important than net worth for financial freedom. In the past, I argued that it’s better to focus on net worth growth over income growth. Wealth is not taxed like income. Further, financial freedom is about living off
When Income Is More Important Than Net Worth For Financial Freedom Read More »
