I decided to invest in two private funds: 1) Kleiner Perkins 20 (KP20), and 2) Kleiner Perkins Select2. Kleiner Perkins is a top venture capital shop which has made more recent home run investments in Figma and Ripple. This article will explain why I invest in private funds even though they charge higher fees. KP20| Financial Samurai
Everybody should have a net worth target to shoot for by age, work experience, and income. Net worth targets will help you stick to your financial plan and motivate you to do more. With net worth targets, you will likely build way more wealth than if you had zero net worth targets. Too many people| Financial Samurai
Although being a millionaire sounds nice, it's not that impressive anymore thanks to inflation. In order to be a real millionaire, you will need to have a net worth of at least $3 million, not $1 million. A $1 million net worth provided a great lifestyle before 1990. Not so much today. If you retired| Financial Samurai
If you're trying to figure out how much to spend on buying a house, the best home-buying rule I can offer you is my 30/30/3 home-buying rule. I came up with the 30/30/3 home-buying rule back in 2009 during the global financial crisis. Since then, many publications and industry pundits have promoted it since. If| Financial Samurai
Since 1999, I've been climbing up the property ladder to find the perfect house in a big city. What I've realized is that there's no such thing as the perfect house. There's a good-enough house or an almost-perfect house, but there's always at least one or two things missing to make a house ideal. Additionally,| 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
I once encountered an actor in Paris who had secured minor roles in significant films, courtesy of his friendship with Leonardo DiCaprio. Despite having the opportunity to continue with these smaller roles due to his connections, his pride led him to pursue larger roles. Regrettably, 10 years later, I haven't seen him in a single| Financial Samurai
Living paycheck-to-paycheck is an unpleasant financial experience. Not only does it mean needing to spend everything you have to make ends meet, it may also create an ongoing feeling of despair. Never feeling like you’ll ever get out of the rat race and retire is demoralizing! You might even have to get into debt to| Financial Samurai
My family and I could have been set for life. Instead, due to my inability to beat back real estate FOMO, I blew up our passive income. And because our passive income is now much lower, we are no longer financially independent. Desire is the cause of all suffering. Due to my desire to own| Financial Samurai