Financial Samurai has technically been making money online since it started in July 2009. I think the site made $3 the second month the site was live. Whoo-hoo! Although I didn’t focus on making money online, the site began to generate revenue as it grew anyway. Do something you love and the money will follow […]
Reflections On Making Money Online Since 2009 Read More »
The historical Roth IRA contribution limits have steady increased since the Roth IRA was first introduced in 1997. In 2026, the Roth IRA contribution limit increases by $500 to $7,500, with a $1,000 catch-up contribution to $8,600 if you are 50 or over. The Roth IRA is attractive for lower-income earners because you get to
Historical Roth IRA Contribution Limits Since The Beginning Read More »
Out of all the mortgages out there, a 15-year mortgage will likely save you the most amount of interest expense. 15-year mortgage rates are almost always lower than 30-year fixed mortgage rates. However, the absolute payment is usually larger given the shorter amortization period (15 vs. 30 years). But the big benefit of the mortgage
A 15-Year Mortgage Is Probably Best, But It Has One Big Disadvantage Read More »
According to the 2016 Federal Reserve Consumer Finance Survey, the median net worth of US households was a mere pedestrian $121,700. Median is the middle point where half the households have more and half have less. $121,700 isn’t terrible, but you’re certainly not going to be retiring any time soon if that’s all you got
The Median Net Worth Of American Households Is Alarmingly Low Read More »
The average household income in America is roughly $76,000 in 2024. In 2020, the average household income in America was $62,000 according to the U.S. Census Bureau. In 2021, the average household income was roughly $68,000. It is clear that household income is finally growing thanks to inflation. With so much government stimulus to help
The Average Household Income In America Read More »
Real estate is my favorite asset class to build long-term wealth. Unlike the stock market, real estate is tangible, provides utility, generates income, and is easy to understand. Let’s look at the best real estate crowdfunding sites today. Personally, I’ve invested $954,000 in 17 different real estate crowdfunding deals and funds since late 2016. There
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There’s currently a lot of fear from traditional advisors about the rapid growth of the robo-advisory industry led by Betterment and hybrid robo-advisor Personal Capital who deploy algorithms and human financial advisors to help clients manage money. Let’s look at the state of the robo advisor industry. Robo-advisor assets under management (AUM) will balloon to over
The State Of The Robo Advisor Industry: Here To Stay Read More »
As a lifelong saver, it has been hard for me to spend more money and live it up. It didn’t matter whether I got a raise or made a profitable investment, the extra money would almost always get reinvested. The Boot is a concept I came up with to help us spend money more freely.
The Boot: A Smart Solution To Spending More Money Guilt-Free Read More »
As a personal finance blogger since 2009, I’ve often been asked what is my best financial advice I can give someone at any stage in their financial independence journey. You’re in luck, because here are my top three pieces of financial advice everybody should follow. The Best Financial Advice Out of all the financial advice
The Best Financial Advice From A Veteran Personal Finance Blogger Read More »
Let’s look at the percentage split between active and passive fund management. Conventional wisdom says that active fund management has a hard time outperforming passive fund management over the long term. Therefore, one would expect a growing percentage of passive funds overall. According to Bank of America Merrill Lynch, passively managed funds has risen to
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