One of the things I've tried to work on since middle school is being less judgmental about others. To function efficiently in society, I often have default assumptions about people which can sometimes backfire. I'm also certain that if more people got to know each other there would be less conflict. As a minority who … A Blind Spot About Private School Families:...
Getting to the top 1% net worth by age is a very impressive goal. But how much money do you need to get there? Overall, to have a top 1% net worth in 2023 requires having at least $13 million. $13 million is $3 million above the ideal net worth amount for retirement based on … The Top 1% Net Worth Amounts By...
With money market interest rates so high, every day you delay closing escrow is one more day of free interest income. You could feasibly extend your escrow period so long that the extra interest income you earn pays for all your closing costs and then some. I've argued why buying a home with contingencies is … How To Delay Close Of Home Escrow...
Well folks, after writing over 2,300 personal finance articles since 2009, my job here at Financial Samurai is done! According to the 2022 Federal Reserve Consumer Finance Survey, the average American household's net worth, adjusted for inflation, was $1.06 million. That's right. The average American household, some of which consists of individuals, is a millionaire! … The Average American Household Is A Millionaire,...
So you want to publish the next great book! To do so you first need a book proposal. Back in late 2011, I spent hours putting together a book proposal for my severance negotiation strategy book, How To Engineer Your Layoff. After engineering my own layoff three months earlier, I had hoped to get a … Example Of A Book Proposal That Should...
Local economic catalysts are important for supporting the value of your home. Therefore, before buying a house, you must look into the future as to what might affect the demand for housing in your target neighborhood. We can't control what the Federal Reserve does with interest rates. We also can't force the federal government to … Look For Positive Local Economic Catalysts Before...
Good fortune tends to come to those who save and invest over a long period of time. However, sometimes your good fortune goes beyond expectations. In such scenarios, you may experience money guilt. Money guilt arises when you don't feel like you deserve your good fortune. With literally eight billion people in the world, why … Maybe You Don’t Deserve Good Fortune But...
One of the concerns about the resumption of student loan payments is that it could tank the U.S. economy. Paying back student loans may cause consumers to reduce spending to the point of causing another recession. About 43.4 million Americans have federal student loans, collectively amounting to $1.63 trillion of debt, according to the National … Why Student Loan Repayments Won’t Tank The...
The mortgage interest deduction is a positive benefit for homeowners. This itemized deduction allows homeowners to subtract mortgage interest from their taxable income, thereby lowering the amount of taxes they owe. The current maximum mortgage interest deduction is based on a $750,000 mortgage amount. Before the Tax Cuts And Jobs Act (TCJA) passed in December … How To Calculate Mortgage Interest Deduction If...
Now that the Supreme Court has outlawed affirmative action in college admissions, it's time to look at the next layer of affirmative action: getting a job based on identity versus merit. This is the diversity hire dilemma some of you or your children might one day face. At the end of the day, the whole … The Diversity Hire Dilemma: How To Get...
The longer you are retired, the harder it may be to find a job if you want to go back. In this article, I'd like to share the difficulties I've faced finding employment in a new field. My situation should help folks think more carefully about early retirement and staying out of the workforce for … The Difficulty Of Finding A Good Job...
Housing affordability is at or near an all-time low and the Fed is partly to blame due to its aggressive rate hikes in such a short time frame. The Federal government is also partly to blame due to excess stimulus spending during the pandemic. However, this is not a post about who is to blame … The Housing Affordability Problem Is Creating A...
With interest rates surging, oil prices rices, stock markets falling, the government stalling, and the housing market grinding to a halt, it seems inevitable another recession is just around the corner. Surely, there will be a bunch more regional bank failures given Silicon Valley Bank, First Republic Bank, and Symphony Bank all failed when the … A Recession Preparation Checklist To Survive Bad...
We've all heard of men buying midlife crisis cars to feel more alive. But what about buying a midlife crisis house? Have you ever thought of such an interesting thing? Let's say you're living in a perfectly fine house that fits all your needs. It has the best layout with the right number of bedrooms, … The Midlife Crisis House Is A Real...
