Finance Xpress

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

The post Donor-Advised Funds: The Most Tax-Efficient Way To Give To Charity appeared first on Financial Samurai.

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

The post The Ideal Income Is The Student Loan Forgiveness Income Threshold appeared first on Financial Samurai.

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

The post Vacation Property Comparison: Single-Family Mansion Vs. Resort Condo appeared first on Financial Samurai.

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

The post Quiet Quitting Is Wonderful For Financial Freedom Seekers And Parents appeared first on Financial Samurai.

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

The post The Best Reasons Not To Own Individual Stocks Unless You’re Obsessed appeared first on Financial Samurai.

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

The post Was Getting An ARM Before Inflation And Rates Went Up A Bad Move? appeared first on Financial Samurai.

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

The post The Biggest Benefit Of Driving A Cheap Old Car: Better Mental Health! appeared first on Financial Samurai.

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.

The post How To Prevent Your Real Estate Contractor From Holding You Hostage appeared first on Financial Samurai.

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

The post NewRetirement Updates And New Features: A Great Retirement Planner appeared first on Financial Samurai.

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

The post Making Money As A Professional Writer Is Hard, Here’s How To Succeed appeared first on Financial Samurai.

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

The post Overcoming Blindness: Achieving Financial Independence With A Visual Impairment appeared first on Financial Samurai.

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

The post Why Pay Off A Negative Real Mortgage Rate When Inflation Is So High appeared first on Financial Samurai.

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,

The post How To Get Life Insurance For Free: Make More Money appeared first on Financial Samurai.