College is expensive and will only get more expensive over time. If you can get good college financial aid in terms of grants and scholarships (free money), as opposed to bad financial aid (loans), attending college will be much more affordable. We’ve already talked about the different ways to pay for college. Now let’s discuss Read More... The post Free Money! How To...
One of the main reasons why I read lots of books is to learn from people who’ve been there before. And after reading The Price You Pay For College, one of my biggest blind spots I realized is that I don’t have to save so much for college anymore! If you are a parent who’s Read More... The post The Different Ways To...
During the bull market, I shared my belief that the need for liquidity is overrated. Now that we’re in a bear market, I thought I’d revisit my thesis to see if it still stands. So far, I think it does. You’ve heard the recommendations of always having an emergency fund equal to 3-12 months of Read More... The post The Need For Liquidity...
As the economy goes down the tubes thanks to a Fed-induced recession, anger against anybody who is perceived to have more wealth or success will go up. As a result, it’s important to practice Stealth Wealth to stay safe and happy. I know anger has increased since the bear market began because I run a Read More... The post A Stealth Wealth Case...
After the collapse of SVB and Signature Bank, I decided to review our existing banking relationships and see if we are well positioned to weather another potential bank run. I also wanted to share with you the ideal number of banking relationships to have to feel safe and sound. When I first started Financial Samurai Read More... The post The Ideal Number Of...
Sadly, Silicon Valley Bank (SVB, $SIVB), the 16th largest bank in America at the end of 2022, experienced a bank run. Now the contagion has spread to other regional banks such as First Republic Bank, Signature Bank, Zions Bancorp, and Charles Schwab. Even the largest banks were getting hit as well. Ultimately, The Federal Deposit Read More... The post How To Prepare For...
Are you interested in learning about the secret to perfect happiness? The answer is to make over $500,000 a year, a top one percent income. In an amazing Gallup poll highlighted by the Wall Street Journal, it says that 100% of those who make more than $500,000 are “very happy”! That’s right. Not 98%. Not Read More... The post The Secret To Perfect...
I finally clearly understand why I haven’t been able to shake some of the stress I’ve been feeling lately. Despite writing less, doing less business deals, and exercising more, I still feel this gnawing stress because I’m responsible for investing the family’s money. When you invest family money, family money always feels more important compared Read More... The post Investing Family Money Can...
Some Americans fear higher taxes so much they are willing to move. The capital gains tax rate might go up. The step-up basis might go away. And the top marginal income tax rate might go up too. Therefore, may I present the best life hack for Americans: taking advantage of Canada! I’m always looking for Read More... The post The Best Life Hack...
