The Financial Samurai Podcast

With regular contributions, company matching, profit sharing, and conservative returns, many of you will eventually become 401(k) millionaires. But what may be more exciting is if your children become 529 plan millionaires before they even get their first full-time job! With $1 million by the time your child gets their first full-time job, they’ll be Read More... The post The Making Of 529 Child Millionaires: A Necessity Due To Soaring Tuition appeared first on Financial Samurai.

One of the benefits of financial independence is that you can try out different occupations that pay very little or nothing. I’ve always wanted to be a grade school teacher, but I realized after doing some research you can’t just become a middle school teacher here in San Francisco. Even being a substitute teacher requires Read More... The post I Quit My Dream Job Because There’s Sadly No Such Thing appeared first on Financial Samurai.

It’s been six years and three months since they took my paycheck away. I sometimes stay up all night and sleep all day. At least I can do whatever I want and see professionally whomever I choose. Gourmet sushi at fancy restaurants tastes so good. But sitting alone mixing wasabi can’t take away those occasional Read More... The post The Negatives Of Early Retirement Life Nobody Likes Talking About appeared first on Financial Samurai.

For those of you insisting on buying a home at or near record highs like I did many years ago, this post is for you. Back in 2004, I was looking to upgrade to a three bedroom, two bathroom condo in San Francisco. I had bought a two bedroom, two bathroom condo in early 2003 Read More... The post Go Up The Housing Price Curve To Find Better Value appeared first on Financial Samurai.

Making money is like playing a competitive sport. You train hard all your life for those moments on the battlefield where you win all the spoils or go home empty-handed. You console yourself after a loss for having tried your best, but eventually, you realize the game is rigged. For the past 10 years, I’ve Read More... The post How The Rich Get Richer: Strategies For Competing In A Rigged Game appeared first on Financial Samurai.

We know that a $300,000/year household income is pretty middle class if you live in an expensive coastal city like San Francisco or Washington DC. However, we can all agree that earning $1,000,000 a year or more makes you rich, especially since a top 1% income level starts at roughly $450,000. No household earning $1,000,000 Read More... The post When Earning $1 Million A Year Isn’t Enough To Retire Early appeared first on Financial Samurai.

If you want to get rich, you might as well focus on joining industries that pay very well. But there’s more to just joining a well-paying industry to get you to a million dollar income. You’ve also got to perform at a high level, survive cutthroat competition, and receive lots of luck along the way. Read More... The post Who Makes A Million Dollars A Year? Exploring The Top 0.1% Income Earners appeared first on Financial Samurai.

The yield curve has been flat or inverted many times in 2019. It's important to understand what the yield curve is, what it means, and how it can affect your economic future. Every single recession in U.S. history has been preceded by an inverted yield curve.  You can read the post here. 

The NY Fed, Federal Reserve, Bureau of Economic Analysis, and Morgan Stanley put out a series of fascinating household debt charts we should all be aware of. Excessive debt is what makes extremely rich people go broke. Leverage is what crushed the economy once the music stopped playing in 2008. But boy is debt nice Read More... The post Household Debt Composition Mix Over Time: Student Loans Way Up appeared first on Financial Samurai.

Much has been written about offering more support and empathy for the stay at home parent who gives up his or her job to take care of a child full-time. Being a full-time parent is one of the hardest jobs in the world because so much is at stake. Full-time parents deserve all the respect Read More... The post How To Survive The Pressure As A Sole Income Earning Parent appeared first on Financial Samurai.

One of my most financially helpful, but polarizing articles is The 1/10th Rule For Car Buying Everyone Must Follow. I wrote this post to help mostly younger folks not blow their money on the most common financial destroyer. We all know that almost all cars are guaranteed to lose value. As a young man, I used Read More... The post A Car Fanatic’s Drive Down Memory Lane: Lessons Following The 1/10th Rule appeared first on Financial Samurai.

Despite all the hassle, you’re thinking about traveling or living abroad with kids. Exciting! This post will give you some food for thought as I’ve been thinking about doing just that for the past year. I loved growing up overseas. It was always a treat to meet new people, eat new food, and learn about Read More... The post When Is The Right Time To Travel Or Live Abroad With Kids appeared first on Financial Samurai.

Physical real estate is my second favorite asset class to build wealth. Online real estate is my first. Unfortunately, owning physical real estate can be a royal pain due to never-ending maintenance issues. You can buy new construction and I guarantee you there will be problems that need addressing within several years. After inspecting hundreds Read More... The post 10 Warning Signs To Look For Before Buying A House appeared first on Financial Samurai.

When I first started Financial Samurai in 2009, I was proud of finally creating something. For too long, I had just followed orders. Yet, I couldn’t tell anybody about my hobby because I was still employed. I was afraid if my employer found out, they’d tell me to shut it down or at the very least, dock Read More... The post Be Rich, Not Famous: The Joy Of Being A Nobody appeared first on Financial Samurai.

The yield curve is a curve on a graph in which the yield of fixed-interest securities is plotted against the length of time they have to run to maturity. A yield curve is almost always upward sloping, a sign that the economy is functioning properly. To best understand the yield curve, put yourself in the Read More... The post Understanding The Yield Curve: A Prescient Economic Predictor appeared first on Financial Samurai.