Finance Xpress

I get investments wrong all the time. Losing money is part of the game. But after I FIRE'd in 2012, the math changed. With no paycheck to bail me out, I could no longer afford big mistakes. This post will help you think about life after FIRE, and share why it's critical to stay measured […]

The post A FIRE Investor With No Paycheck Cannot Afford to Be Too Wrong appeared first on Financial Samurai.

When you were a kid, did you ever dream of growing up to be someone's exit liquidity? Probably not. But every time you buy shares in a company IPO, that's exactly what you become. Whether being an early investor's exit liquidity is good or bad is hard to say in the short run. In the […]

The post Risky Exit Liquidity: Why I’m Passing On The SpaceX IPO appeared first on Financial Samurai.

In real estate, money is made on the purchase, not the sale. That means every dollar you negotiate off the asking price is a dollar straight to your net worth. So you need every tool at your disposal: savvy representation, patience, a compelling offer, and yes, even publicly available data that happens to be wrong. […]

The post How to Use Bad Housing Data to Negotiate a Lower Price appeared first on Financial Samurai.

I recently received a great comment on my post, Why All Rich People I Know Still Have Life Insurance. It was the last line that stood out. Here's what Marc had to say. I had life insurance ($1M) through my employer back when I worked full time, but since I cut back to ~10 hours per […]

The post Retire Before Your Kids Leave Home, Not After appeared first on Financial Samurai.

Living in San Francisco since 2001 is a surreal experience. I arrived a year after the dotcom bubble burst, and the city felt desolate, especially downtown where Credit Suisse was headquartered at 201 Howard Street. I was coming from New York City, which felt vibrant at all hours, including at 5:15 am when I'd walk […]

The post From Doom Loop to Boom Loop: A San Francisco Story appeared first on Financial Samurai.

I vividly remember sophomore year of college. It was 10:30pm and I was leaving my girlfriend's apartment by car. Instead of coming to a complete stop at the stop sign, I slowly rolled on through and took a right. There was nobody on the streets, so I took a chance. That chance cost me $60. […]

The post How To Overcome Financial Despair For Good appeared first on Financial Samurai.

Here's something I've noticed: the loudest voices arguing against life insurance after financial independence almost always come from people who aren't financially independent yet. They're still grinding toward FIRE, optimizing every dollar, cutting costs to close the gap. Makes sense for them. But once you actually get there, the calculus changes. Every single person I […]

The post Why Every Rich Person I Know Still Has Life Insurance appeared first on Financial Samurai.