In my post, “How You’ll Feel Achieving Various Millionaire Milestones,” a commenter named Joseph shared these thoughts: “I’m fascinated by someone worth $10M or $20M not feeling wealthy. Are they hanging out with nothing but billionaires? The only other explanation is a scarcity mindset. But I suppose that mindset got them to where they are. They need| Financial Samurai
After a week of reviewing the tax-free exclusion rule for selling a rental property, I decided not to sell. I’d already used my $500,000 tax-free exclusion amount and would need to wait at least two more years before I could potentially use the full amount again. Most importantly, I’m on a mission to boost my| Financial Samurai
When I worked at Goldman Sachs and Credit Suisse, we would occasionally bring a hot IPO deal to market. During the company roadshow, we’d take management around to meet one on one with our largest investors and clients. Sometimes the IPO was so in demand that many clients could not even get a one on| Financial Samurai
When I was 23 I got lucky, very lucky. I went fortune hunting and ended up making a lot of money. A $3,000 investment turned into $155,000 in two months. The stock was VCSY, a Chinese internet company with a homepage consisting of a simple dial pad. I had no idea what the company did| Financial Samurai
Dollar-cost averaging is the act of consistently investing in a particularly security over a set interval of time. Whether you know it or not, you are likely dollar-cost averaging every time you get a bi-weekly or monthly paycheck. For example, at the beginning of the year, you may elect a fixed percentage of your pre-tax| 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
If you're looking to achieve financial freedom before a traditional retirement age (60+), you must build passive income. This post will highlight the best passive income investments in our current economic environment. Passive income is the holy grail of personal finance. If you have enough passive income to cover your desired lifestyle, then you are| Financial Samurai
