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 Choices We Make To Achieve Financial Freedom Aren’t For Everyone Read More »
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
Why We Keep Spending Even When We Know We Shouldn’t Read More »
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
Accepting A Preemptive Offer vs. Listing On The Open Market Read More »
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. Roughly 95% of homebuyers with mortgages get 30-year fixed-rate mortgages. However, I still prefer an ARM
How An ARM Can Save And Make You More Money On A Home Read More »
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 Best Psychological Trick To Boost Your Wealth Beyond Belief Read More »
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,
Why It Can Make Sense to Sell Your Property Even If You’re Bullish Read More »
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 as I’ve been chronicling
Buying The Dip: How To Overcome Fear During A Correction And Prosper Read More »
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
Health Issues Or A Disability May Force You To Retire Early: Prepare Accordingly Read More »
To celebrate the launch of my new USA TODAY national best seller, 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 save and invest more aggressively. We’ll start with reaching your
How You’ll Feel Reaching Various Millionaire Milestones ($1M-$20M) Read More »
After three years of writing, rewriting, and refining, I’m thrilled to officially celebrate the launch of Millionaire Milestones: Simple Steps To Seven Figures! It became an instant USA Today national bestseller on May 14, debuting at #21 out of 150 on the list. This book has been a true labor of love, not just for
Behind The Scenes Of The Millionaire Milestones Book Read More »
