One of my goals after entering the decumulation phase is to give more to charity. And one of the best ways to give to charity is through a donor-advised fund. All my wealthy friends have set up donor-advised funds, so it was about time I do the same. The following guest post about donor-advised funds Read More... The post Donor-Advised Funds: The Most...
Have you ever wondered what the ideal income is to live a comfortable life before retirement and after retirement? Well, look no further than the student loan forgiveness income threshold of $125,000 per individual and $250,000 per married couple. On August 24, 2022, President Biden unveiled a plan to cancel up to $10,000 in federal Read More... The post The Ideal Income Is...
If you’re in the market for a vacation property you will likely have to decide between purchasing a single-family home or a condo. However, what if you have enough money to buy a single-family mansion for $10+ million versus a condo at a luxury resort for $500,000+? I used to think a single-family mansion for Read More... The post Vacation Property Comparison: Single-Family...
Quiet quitting is taking the younger generation by storm, especially those on TikTok. The idea behind “quiet quitting” is to do no more than what’s asked of you at work and then check out. Once you’re out of the office, there’s no more responding to work e-mails, slack, nada. A quiet quitter does not go Read More... The post Quiet Quitting Is Wonderful...
Although about 30% of my public equity portfolio is invested in individual stocks, I don’t recommend the average person invest more than 10% of their portfolio in individual stocks. The main reason why is because it is hard to outperform the various indices over the long term. Although there are no fees for owning individual Read More... The post The Best Reasons Not...
Given inflation and mortgage rates have gone up aggressively since August 2020, was getting an ARM back then a bad move? Maybe, but I’ll argue no. Let me tell you why. One of the best things about running Financial Samurai is having readers criticize my financial beliefs and actions. So long as the criticism isn’t Read More... The post Was Getting An ARM...
If you’re thinking about driving a cheap old car, I think you should. The benefits of driving one far outweigh the joy of driving an expensive new car. Something disappointing happened on the last day of our Lake Tahoe vacation. After loading up the car I swung around to the driver’s side. There, I saw Read More... The post The Biggest Benefit Of...
One of the reasons why I will never remodel again is because I hate dealing with contractors and building inspectors. It is an unfair playing field because they hold more power even though the homeowner is the one with the funds. Please spend time remodeling while you’re in your 20s and 30s for economic returns. Read More... The post How To Prevent Your...
What is the one thing you can do today to ensure better financial decision making, habits, and outcomes? You can build and maintain a holistic financial plan. And one way to do that step-by-step is using the NewRetirement Planner. It’s been over 1.5 years since I did my first review of their platform. So I Read More... The post NewRetirement Updates And New...
The reason why the terms “starving artist” or “starving writer” exist is because they are true. It is very difficult to make money in the arts. However, if you want to be a professional writer and not starve, let me provide you with some insights. For background, I’ve written over 2,500 articles on Financial Samurai Read More... The post Making Money As A...
Finance Xpress
Overcoming Blindness: Achieving Financial Independence With A Visual Impairment
8:31 AM One of my goals on Financial Samurai is to share different perspectives. Roughly 15% of the world’s population (1+ billion), lives with some form of disability, of whom 2-4% experience significant difficulties in functioning. This is the minority group I’m most passionate about fighting for in this extremely competitive world. My hope is that more Read More... The post Overcoming Blindness: Achieving Financial...
Paying off a mortgage with a negative real mortgage rate is a suboptimal financial move. However, that’s exactly what I did in this unusually high inflationary environment. Bad move? Maybe. The mortgage rate was a 30-year fixed at 4.25% and the latest inflation figure was 9.1%. Therefore, it had a negative real mortgage rate of Read More... The post Why Pay Off A...
Have you ever wondered how you can get life insurance for free? I’m not talking about getting free life insurance from work. It usually isn’t enough. I’m talking about how to get free life insurance outside of work. My wife and I have life insurance because with have two young children, a complicated net worth, Read More... The post How To Get Life...
