Imagine spending your life building wealth, investing in real estate, stocks, or your business, with the hope of leaving a legacy for your children. Then one day, you find yourself wondering: Will the government take a massive chunk of it anyway? If your estate is well above the federal estate tax exemption threshold — $30 million […]
The Step-Up In Cost Basis And Its Relation To The Estate Tax Threshold Read More »
The value of owning a big, beautiful home is underappreciated. Somewhere along the way, the personal finance world began favoring minimalism and smaller living spaces, often dismissing larger homes as “McMansions.” But after spending five weeks living in a much smaller space again, I’ve gained a renewed appreciation for the comfort, privacy, and functionality that
In Defense Of Owning A Big Beautiful Home Over A Small One Read More »
A typical supercommuter spends 90 minutes or more one way commuting to work or school. As the cost of living continues to outpace wage growth, supercommuting is growing in popularity. According to a recent U.S. Census Bureau report, an estimated 5 million people are now supercommuters—up from roughly 3.42 million in 2012. I hate long commutes. Taking
The Cost of Supercommuting: Way More Than Just Gas Money Read More »
If you became a newly minted millionaire, where would you migrate to? Due to inertia, I bet most of you would stay right where you are. A lot of us are afraid of change, which is why we stay at jobs we hate and suffer through broken marriages for too long. But how about being
Millionaire Migrations: Where Millionaires Are Moving Globally Read More »
Dear Financial Samurais, The May CPI came in lower than expected at +0.1% MoM and +2.4% YoY, with core inflation at +2.8%. These are relatively benign figures, especially considering May was the first full month potentially impacted by the tariff debacle. The cooler inflation data has revived expectations for two Fed rate cuts. Unfortunately, renewed
Newsletter For June 15, 2025: AI Momentum Is Reaccelerating Read More »
I recently received a question that boils down to this: How do you know when you have enough money? And once you do, when is it time to shift from chasing excess returns to simply maintaining what you have? There are several ways to approach this question, which I’ll explore in this post. I’ve come
The Best Way To Determine If You Have Enough Money Read More »
I’ve been focused on building passive income since 1999, back when I had to be in the office by 5:30 a.m. and worked past 7 p.m. often. Weekends were another eight hours or so. I knew I couldn’t sustain a traditional 40-year career working those kinds of hours, so I began saving and investing aggressively
The Hidden Dangers of Earning Risk-Free Passive Income Read More »
Have you heard of the no-spend chalenge? It’s a popular concept among budget-minded and minimalist bloggers who encourage us to save more and declutter our lives. The idea is simple: stop spending on non-essentials for a set period and see how much you can save. The more you save (and invest), the sooner you’ll achieve
The Time To Participate In A No-Spend Challenge Is Now Read More »
If you are a parent, your mission is clear: develop into a rich Bank of Mom & Dad to save your children. Without your financial support, they might never launch. If you don’t have wealthy parents yourself, then unfortunately, life might stay on hard mode forever. It’s up to you to break the cycle for
Rich Banks of Mom & Dad Are Everywhere—Accept It and Adapt Read More »
There is more wealth out there than you think. But the government and media sometimes likes to trick us into believing there is not. Government data says the median net worth in America is around $200,000. Meanwhile, the media keeps highlighting financial struggles, convincing us there’s a looming retirement crisis. But what gets overlooked is
The Rise Of Everyday Middle-Class Multi-Millionaires Read More »
