Finance Xpress

A 529 plan is one of the best generational wealth transfer tools. Instead of just giving our kids or grandchildren money, it’s way better to give them the gift of education. Thanks to the SECURE Act 2.0, we will be able to roll over leftover 529 funds to a Roth IRA without taxes or penalties.

The post Rolling Over Leftover 529 Funds Into A Roth IRA: Who Cares? appeared first on Financial Samurai.

F you money. FU money. F*ck you money. It’s all the same. F You Money is having enough money to tell others to F Off without fearing financial repercussions. I’m sure some of you have dreamt of telling your annoying micromanager to F Off. But you can’t because you still want that raise and promotion.

The post Once You Have F You Money, It’s Hard To Tell Others To F Off! appeared first on Financial Samurai.

In 2022, my wife and I paid off our vacation property mortgage after 15 years of ownership. Now that it’s been several months since we paid off the mortgage, I realized there is a triple benefit to paying it off early. I didn’t realize these benefits when we paid off another rental property mortgage early

The post The Triple Benefit Of Paying Off Your Mortgage Early appeared first on Financial Samurai.

Although COVID has been bad for many of us in so many ways, the pandemic did one good thing. The pandemic helped protect American homebuyers from a resurgence in foreign real estate investors. In a big way, the pandemic has throttled the demand from foreign real estate investors to buy American homes. Before the pandemic

The post Foreign Real Estate Investors Are Coming To Buy American Homes appeared first on Financial Samurai.

Since I left my day job in 2012, I’ve been constantly preparing for economic devastation. I had to because I no longer had a safety net. My plan was to take a leap of faith and succeed. It would have been too embarrassing to ask for my old job back. Besides, going through the 2008

The post Economic Devastation Might Be Exactly What We Need To Win appeared first on Financial Samurai.

There are may benefits of owning stocks over real estate. We’ve already discussed why I prefer real estate over stocks for most people. Now it’s time to argue the other way. I’ve been an investor in both stocks and real estate since the 1990s. Both asset classes are core asset classes to own for most

The post The Benefits Of Owning Stocks Over Real Estate For Certain Investors appeared first on Financial Samurai.

In the good old days, several friends and I liked having beers after each softball game. We got to discussing what is the one ingredient necessary for achieving financial independence at a relatively early age. Here were some of their responses: All of these ingredients are important for helping all of us achieve financial independence. However,

The post The One Ingredient Necessary For Achieving Financial Independence appeared first on Financial Samurai.

So you want to write a book but aren’t sure if it’s worth your time. As a published author of both an ebook and a traditional hardcover book, let me share with you the pros and cons of being an author. Given the success of my Wall Street Journal bestseller, Buy This, Not That, I’ve

The post Should You Write A Book? Pros And Cons Of Being An Author appeared first on Financial Samurai.

Sometimes you take a leap of faith and your dreams don’t come true. That’s OK because at least you won’t regret never trying! In this article, taking a leap of faith means trying your hand at entrepreneurship. Entrepreneurship means leaving the comfort of a steady paycheck and benefits to make money from an idea. Entrepreneurship

The post What If You Take A Leap Of Faith And Your Dreams Don’t Come True appeared first on Financial Samurai.

Getting ahead based on merit is the ideal scenario. Having success given to you based on anything else strips away the satisfaction of earning what you deserve. Since 2020, however, there seems to be a growing “war on merit.” The San Francisco School Board voted to end Lowell High School’s entrance exam so that every

The post How To Survive The War On Merit: When Hard Work Isn’t Enough appeared first on Financial Samurai.

“What happened to your “friend” who bought Tesla stock on margin,” a reader asked. He likely lost a lot of money, but I haven’t asked for details. That would be rude. On March 31, 2021, I published a post entitled, Buying Stocks On Margin Is A Bad Idea: You Could Lose Big. I wrote the

The post Losing All Your Money Investing On Margin Is Not The Worst Thing appeared first on Financial Samurai.

Happy New Year everyone! I’ve made goals publicly for over ten years because it helps keep me accountable. Making goals also makes the year more exciting and challenging. Hence, here are my goals for 2023. Once again, I’ve divided the goals into five categories: Health, Wealth, Family, Financial Samurai, and X-Factor. My goal is to achieve

The post 2023 Financial Samurai Goals: Back To Easy Living! appeared first on Financial Samurai.