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
In order to comfortably raise a family in an expensive coastal city like San Francisco or New York, you've probably got to make at least $300,000 a year. Thanks to elevated inflation post pandemic, the middle-class lifestyle is getting harder to obtain due to rising costs of gasoline, food, housing, travel, tuition, and healthcare. You| Financial Samurai
Money dysmorphia is a negative and unrealistic perception of one's financial wellness or position. If you have money dysmorphia, you might constantly worry about your finances, even if you are doing well for your age. One significant reason for experiencing money dysmorphia is the unhealthy comparison with others facilitated by social media platforms like Instagram,| Financial Samurai
Recently, I temporarily went broke because I improperly managed my private investment capital calls. Because this happened, I thought I'd discuss some straightforward solutions to ensure you always have liquidity. If you are a new private fund investor or plan to invest in more private funds to diversify your investments, please learn from my errors.| Financial Samurai
Recently, I received a capital distribution from a private real estate fund, and it couldn't have come at a better time. The experience brought me both joy and relief, prompting me to share it in the hope that it might inspire you to invest more for your future. After purchasing a new home in 2023,| 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