One of the worst experiences for a homeowner is filing a home insurance claim only to be told it’s not covered. After years of paying premiums, the insurance company doesn’t deliver when it’s needed most. What a disappointment. This disconnect happens because we rarely take the time to review our home insurance policies each year. […]
A Home Insurance Policy Review To Understand What’s Covered Read More »
This is the October 6, 2024 free Financial Samurai newsletter. To join 60,000+ others looking to achieve financial freedom sooner, subscribe here. Financial Samurai was founded in 2009 and is the leading personal finance site today. Everything is written based off firsthand experience and knowledge because money is too important to be left up to
Newsletter For October 6, 2024: AI Funding And Retiring Rich Read More »
One of the most significant developments to come out of the pandemic, if not the greatest, was the shift to remote work for millions of employees. Beginning in March 2020, businesses quickly adapted out of necessity, keeping their operations afloat with employees working in pajamas from their living rooms. However, this golden era of remote
Settling The Work From Home Debate Once And For All Read More »
I remember being a broke college student during my senior year at The College of William & Mary. A group of us gathered at the Spanish House, the language immersion dorm where we lived, to brainstorm easy ways to make money. None of us had job offers yet, and we were anxious to prove to
Government Grift As A Lucrative Side Hustle To Build More Wealth Read More »
Recently, I hit a major milestone in my journey to overcome what I like to call “frugality disease.” I spent $160 for an hour of private lessons for my two kids. In the past, I would’ve never paid such an amount. I’ve always been the type to teach them things myself, like swimming and bicycling.
The Curious Inability To Spend Money On Yourself Read More »
Let’s face it—life is unpredictable. You never really know what’s around the corner, whether it’s a golden opportunity or an unexpected challenge. That’s why having a solid financial plan is essential, not just a “nice-to-have” thing. But here’s the kicker: you don’t just need any plan. You need one that’s flexible, adaptable, and, most importantly,
How to Build a Future-Proof Financial Plan And Build More Wealth Read More »
At long last, after four years, the Federal Reserve has finally cut the Fed Funds rate by 50 basis points on September 18, 2024, bringing the target range down to 4.75% – 5%. The Fed then cut by another 0.25% in November 2024. Expectations suggest we’ll see a total reduction of 100 basis points by
The Biggest Concern After Fed Rate Cuts Is Not What You Think Read More »
With record-high home equity and declining mortgage rates again, the temptation to do a cash-out refinance is growing. I’ve certainly considered it myself. Real estate prices have surged during the pandemic and most homeowners refinanced to mortgage rates below 4%. However, after careful reflection, my conclusion is that it’s probably not the best move. Having
Resist The Temptation To Do A Cash-Out Refinance As Rates Collapse Read More »
In a previous post, I discussed the futility of working when your net worth is declining. During a stock market crash or recession, your Return on Effort (ROE) for working drops significantly. Therefore, the only way to increase your Return On Effort is to work less, not more. At some point in your life, you’ll
The Minimum Investment Amount Where Work Becomes Optional Read More »
In April 2017, I made a commitment to be a stay-at-home parent for the first five years of my son’s life. When my daughter was born in December 2019, I made the same commitment for the sake of equality. Research shows that the first five years are the most crucial for a child’s development. Supposedly,
Careful Giving Up Your Career To Be A Stay-At-Home Parent Read More »
