Finance Xpress

If you are a parent, your mission is clear: develop into a rich Bank of Mom & Dad to save your children. If you don’t have wealthy parents yourself, then unfortunately, life might stay on hard mode forever. It’s up to you to break the cycle for your next generation. Ever since I started working […]

The post Rich Banks of Mom & Dad Are Everywhere—Accept It and Adapt appeared first on Financial Samurai.

There is more wealth out there than you think. But the government and media sometimes likes to trick us into believing there is not. Government data says the median net worth in America is around $200,000. Meanwhile, the media keeps highlighting financial struggles, convincing us there’s a looming retirement crisis. But what gets overlooked is […]

The post The Rise Of Everyday Middle-Class Multi-Millionaires appeared first on Financial Samurai.

After publishing Why We Keep Spending Even Though We Know We Shouldn't, I realized something important: the real reason I wasn’t willing to spend on a vacation rental this summer is because we no longer have financial freedom. I didn't think about this fact until after I got a lot of feedback from readers on how […]

The post The Choices We Make To Achieve Financial Freedom Aren’t For Everyone appeared first on Financial Samurai.

Spending money is an American pastime. With a national saving rate hovering around 5%, it's clear we collectively love to spend. And honestly, being able to enjoy our wealth is a beautiful thing. It’s something more personal finance enthusiasts like me—and readers of Financial Samurai—could probably do more of. But like with most things, moderation […]

The post Why We Keep Spending Even When We Know We Shouldn’t appeared first on Financial Samurai.

When you decide to sell a house, you might encounter a preemptive offer—a bid that arrives before you list publicly on the open market or reach your set offer due date. This scenario often unfolds in a robust market or when your property is highly sought after. It’s a tempting yet tricky situation: Do you […]

The post Accepting A Preemptive Offer vs. Listing On The Open Market appeared first on Financial Samurai.

About once a month, I get an email or comment from a reader criticizing adjustable-rate mortgages (ARMs) as a poor financial choice. Since I’ve been a proponent of ARMs since starting Financial Samurai in 2009, I understand the pushback. However, I still prefer an ARM over a 30-year fixed-rate mortgage because I don’t want to […]

The post How An ARM Can Save And Make You More Money On A Home appeared first on Financial Samurai.

Believing you deserve to be rich is one of the most powerful psychological tricks to boost your wealth. With trillions of dollars circulating in the world, you have to ask yourself: Why not me too? Think about the knuckleheads you grew up with—people no smarter or harder working than you—who somehow ended up making vast […]

The post The Best Psychological Trick To Boost Your Wealth Beyond Belief appeared first on Financial Samurai.

I'm bullish on real estate. Yet I recently sold another rental property. This type of incongruence between thought and action can feel unsettling and even counterproductive to wealth creation. But it doesn’t have to be. Because while maximizing returns is a big goal on your road to financial independence, it’s not the only goal. Sometimes, […]

The post Why It Can Make Sense to Sell Your Property Even If You’re Bullish appeared first on Financial Samurai.

During the recent stock market correction, I decided to buy the dip. But this time, I didn’t just buy my usual dip-buying amount of $25,000 to $100,000. I went much bigger. All told, I spent over $1 million buying the S&P 500 and various tech stocks like Meta, Microsoft, and Amazon. Spending over $1 million buying stocks […]

The post Buying The Dip: How To Overcome Fear During A Correction And Prosper appeared first on Financial Samurai.

Before I retired from finance in 2012, I struggled with chronic back pain, sciatica, and TMJ. The stress was so overwhelming, I even paid a dentist $700 to drill divots into several teeth just so I could close my jaw more easily. At only 34, my body was breaking down, and I had no choice […]

The post Health Issues Or A Disability May Force You To Retire Early: Prepare Accordingly appeared first on Financial Samurai.

To celebrate the launch of Millionaire Milestones: Simple Steps To Seven Figures, I want to share how you might feel and what you might do as you hit various levels of wealth. Perhaps by sharing, I'll motivate you to take greater action. We'll start with reaching your first million, then move on to $5 million, $10 […]

The post How You’ll Feel Reaching Various Millionaire Milestones ($1M-$20M) appeared first on Financial Samurai.

After three years of writing, rewriting, and refining, I’m thrilled to officially celebrate the launch of Millionaire Milestones: Simple Steps To Seven Figures! This book has been a true labor of love, not just for me, but for my family as well. It’s the product of countless early mornings, late nights, and weekends hunched over […]

The post Behind The Scenes Of The Millionaire Milestones Book appeared first on Financial Samurai.

There comes a moment when your child might look up and say, with wide-eyed innocence: At first, you may feel a surge of pride. Your hard work is being seen. You’ve become a role model. But almost as quickly, that pride can twist into something else: concern. Because if they truly knew what it was […]

The post When You Don’t Want Your Kids To Be Just Like You appeared first on Financial Samurai.

If we're not already in a recession, we may soon enter one due to aggressive trade policies that are fueling tremendous uncertainty. As companies and consumers pull back on spending, millions of jobs could be lost, trillions in stock market wealth may disappear, and inflation could persist—potentially ushering in a stagflationary environment. If you’ve been […]

The post What A Recession Is Like For Early Retirees: The Good And Bad appeared first on Financial Samurai.