If you knew that no matter how hard you tried, success was impossible or practically impossible, would you still push yourself to the limit? Or would you rationally pivot to another endeavor with a real chance of success? Personally, if the odds were overwhelmingly against me, I’m not sure I’d bother pushing so hard. Since […]
The post Trying Your Best When There’s Little To No Chance Of Succeeding appeared first on Financial Samurai.
from Financial Samurai
via Finance Xpress
I keep reflecting on how incredible 2024 was. With the S&P 500 up 23%, Bitcoin surging, and residential real estate climbing in most of the country, personal finance enthusiasts have had an amazing year. The investment gains almost feel like free money—and who doesn’t love getting something for free? If you read Financial Samurai and […]
The post The Million-Dollar Mindset of Personal Finance Enthusiasts appeared first on Financial Samurai.
from Financial Samurai
via Finance Xpress
Unless you are incredibly rich, it's highly likely that your vacation property is smaller than your primary residence. Having a smaller vacation property is a rational choice given you don't live there as long as you do your primary residence. Further, it's unlikely you need as many extra rooms for guests, an office, or entertainment […]
The post The Ideal Vacation Property Size To Own Depends On Your Primary Home appeared first on Financial Samurai.
from Financial Samurai
via Finance Xpress
There are plenty of reasons people choose not to have kids, with the cost of raising them being a major one. Another big factor is the fear that children will disrupt an ideal FIRE lifestyle. Many envision a life of traveling the world, indulging in incredible cuisine, and living spontaneously—things that can feel more challenging […]
The post Having Kids Might Not Hurt Your Ideal FIRE Lifestyle After All appeared first on Financial Samurai.
from Financial Samurai
via Finance Xpress
When I lived in the Marina neighborhood of San Francisco, I could walk to endless bars and restaurants within 10 minutes. It was the perfect place for twenty- and thirty-somethings to live, socialize, and indulge in city life. Back in 2005, at age 28, I had just bought my first single-family home—a handsome three-bedroom house […]
The post A Home Within Walking Distance of Everything Might Not Be Ideal appeared first on Financial Samurai.
from Financial Samurai
via Finance Xpress
Recently, I went off the deep end—living like a degenerate gambler and party animal—and I wanted to reflect on it. Perhaps to nobody's surprise, I don't think having an extreme amounts of fun is good for your financial future. It's probably also not good for your health. In our personal finance world bubble, where we […]
The post Partying Like A Young Degenerate Is Not Good For Your Finances appeared first on Financial Samurai.
from Financial Samurai
via Finance Xpress