Certain personal finance experts will tell you this financial plan: Conquer debt first, build an emergency fund, and then invest. I think that’s wrong. Of course it’s easier to focus on one step instead of a multi-pronged attack, but waiting years, possibly even a decade or more, to start investing limits your capacity to build future long-term … Continue reading Don’t Wait Until You’re Debt Free to Begin Building Wealth
When it came time to renew the lease on my studio apartment in Manhattan this summer, I knew I wanted to stay. New York City, once the epicenter of the coronavirus pandemic, is now finding itself adjusting to a life that looks somewhat normal — at least for those of us who, without children, do … Continue reading How I Negotiated a 15% Rent Reduction With One Phone Call
One definition of homeownership: the process of draining yourself of money due to home-maintenance costs. Interest rates are low, the housing market remains hot(ish) and it’s home-buying season. Prospective homeowners all over America are licking their chops for a piece of the pie. For those folks who are going to complete the home-buying process without any … Continue reading Don’t buy a home, if you can’t afford to fix it
I’m so excited to share with you something I got in the mail the other day. No, it wasn’t a notification that Financial Samurai had won an award for being the best personal finance site. My site is too focused on understanding hard things to make us all rich to appeal to the masses. Instead, … Continue reading The Anatomy Of An Adjustable Rate Mortgage Increase
I don't know about you, but I am mentally exhausted! Part of the exhaustion has to do with setting poor expectations. For example, our mayor had guided us for two weeks that places such as the zoo would open next Monday. I was ready to take my boy next Tuesday because I told him I would. Now, due … Continue reading Happiness in 2020
Do you remember the scene in Back To The Future Part II when Biff Tannen opens up a safety deposit box and reveals to Marty the way he got so rich was due to a sports-betting almanac his future self gave his younger self? Oh how I wished I could have done the same thing as a young … Continue reading How To Get Rich: Practice Predicting The Future!
Welcome back! In the last few weeks you might have noticed a significant difference to your high-earning interest rates bank accounts...and that is that there is a lack of sweet,sweet interest. Therefore,I wanted to take this opportunity to talk about the FEW banks that actually offer the HIGHEST interest rates. You can take a look … Continue reading The FED Just Ruined Savings Accounts
Income and net worth amounts are intricately linked. However, I’m going to argue that building a sizable net worth is more vital for early retirement/financial independence than generating a high income. Creating passive income is definitely a very good endeavor as well. Unfortunately, there’s a lot of uncertainty involved in the viability of your passive income. For … Continue reading Focus On Building Net Worth Even More Than Growing Income
Ranking The Best Passive Income Investments!!!!!
When markets take a turn for the worse, dividends often can provide a buffer against the drop. Year after year, dividend-paying companies put money into shareholders’ pockets—and may offer much needed stability during periods of high volatility. Dividend investing can help offset unexpected downturns by generating a key source of income. In today’s Markets in … Continue reading Dividend Stocks: Driving Value in Volatile Markets