Are you looking for a 401(k) savings guide? This post will go through how much I think you should have in your 401(k) by age in order to have a comfortable retirement in your 60s and beyond. My goal is for all of you to become 401(k) millionaires before your retire. I've been retired since| Financial Samurai
If you're wondering what's the best age to have a baby, I've got some very important thoughts for you. Having children is one of the best things you'll ever do. Children make like more meaningful. Their love will fill the household. But children are also hard work. And your happiness will likely plummet in the| Financial Samurai
Fat FIRE (Financial Independence Retire Early) is being able to live it up in retirement without having to sacrifice your spending. If you are Fat FIRE, you can easily survive without a job because your investment income more than covers your best life's living expenses. You don't need to work part-time or do anything to| Financial Samurai
Practice stealth wealth if you know what's good for you. Showing off how much you make and how much you have is not the way of the Financial Samurai. You will be crucified by the public if you show of your outsized wealth. People will not give you credit for the risk you took and| Financial Samurai
One of the reasons why I continue to save so much is that I'm a perpetual failure. I've made so many mistakes in my life that I need a financial buffer to constantly bail me out. A landmine-filled upbringing has also embedded in me the necessity to save. If it's not an investment mistake, it's| Financial Samurai
Are you wondering: Is an MBA a big waste of time and money? With the cost of MBA tuition going way up and missing out on two years worth of work, getting an MBA is more expensive than ever before. I got my MBA from UC Berkeley in 2006, but I did so part-time over| Financial Samurai
Artificial intelligence will shape the future, and we're just at the dawn of this revolution. In 20 years, we don't want our children or friends to ask us why we didn't invest in AI or work in AI. But the challenge for everyday investors has been gaining access to some of the top private AI| Financial Samurai
Coming up with a sizable down payment is one of the key barriers to affording a home. Learning how to invest your down payment if you're planning to buy a house is a whole other issue. On the one hand, you want to invest your down payment conservatively so that's it's available once you find| Financial Samurai
Savings is the foundation of good personal finance. This article will discuss how much savings to accumulate by age so you can achieve financial independence and retire comfortably. It's important to have savings targets at every age to keep you on track. When it comes to building wealth, you don't want to just wing it!| Financial Samurai
Some people who critique my various budget charts are annoyed I list retirement contributions and investments as expenses. Therefore, I thought I'd explain my logic in this post. Once you start treating your retirement contributions and investments as expenses, you will begin to build much more wealth than the average person. And once you build| Financial Samurai
Divorce is one of the worst destroyers of wealth. May you never have to go through one. Love birds beware. The following is a guest post from Financial Samurai reader and medical doctor, Xrayvsn. A divorced ruined his life but he clawed his way back. Divorce. Few words in the English language can elicit as| Financial Samurai
Although the Roth IRA is an important tax-advantaged retirement account, there are also disadvantages of the Roth IRA that are seldom discussed. For years I've been an opponent of the Roth IRA. After the government came out with its tricky way to let us all do a 'one-time' Roth IRA conversion from our traditional IRAs,| Financial Samurai
If there's a car in your blind spot and you swerve suddenly, there's a good chance you'll get into an accident. Your accident will not only cost time and money to fix, you might also suffer an injury or even die. If you have financial blind spots, the consequences can be just as severe. I can't teach you| Financial Samurai
The best way to achieve financial freedom is to make more money. You can only save so much on a capped income. And one of the best ways to make more money is to side hustle! No longer should we just rely on a day job to thrive. I (Sydney, Sam's wife) have put together| Financial Samurai
If there's one generation wealthier than ours, it's the 'Bank of Mom and Dad' generation. Given that our parents have had, on average, three decades longer to save and invest, it's natural that they have accumulated more wealth. For adult children in need of financial assistance, finding a tactful way to approach their parents for| Financial Samurai
In late 2023, a new trend emerged online and across social media where people began questioning how well they were doing financially. The phenomenon coined “money dysmorphia” occurs when people feel insecure about their financial standing, no matter the reality of their situation. The problem? The growing trend is having a negative impact on people’s […]| Intuit Credit Karma
Are you wondering whether private grade school K-12 is worth it? I am since I have two young children, one of which is grade school age. During the pandemic, where many small businesses have been crushed, many families decided private grade school K-12 was not worth it. As a result, private school enrollment went down.| Financial Samurai
There's nothing better than being free to do whatever you want. However, unless you're born with a multi-million dollar trust fund, you'll unfortunately have to work for your freedom. This article will discuss how you can retire early and never have to work again. You can follow my savings guide to increase your chances of| Financial Samurai
With the election over and Trump winning, the political mudslinging and dirt-digging has subsidies. But there was a time when being childless and loving cats was a big debate. Republican VP-elect JD Vance said this during a 2021 interview with Tucker Carlson: 'It doesn't make any sense that we turned our country over to people| Financial Samurai
Everyone with children should contribute to a 529 plan. It is a tax-efficient way to save for college since none of the gains are taxable if used for approved college expenses. Today, it costs about $200,000 in total for four years at the most expensive public colleges and about $400,000 for four years at the| Financial Samurai
