Want to learn how to become a millionaire by 30? Here’s my story on how I reached a million dollar net worth in my late-20s. It involved a lot of luck, a lot of effort, and a lot of risk. I believe all Financial Samurai readers will eventually become millionaires due to disciplined saving and| Financial Samurai
There is a never-ending debate between real estate versus stocks as a better investment. Currently, ~50% of my net worth is in real estate while ~30% of my net worth is in stocks. Perhaps the main reason why is because I believe real estate is less risky than stocks. With real estate, you don't wake| Financial Samurai
If you're looking how to quantify risk tolerance and how to determine the appropriate exposure to stocks, you've come to the right place. Financial SEER is a way to quantify your risk tolerance so you can try to make investment returns in a risk-appropriate manner. SEER stands for Samurai Equity Exposure Rule. This post is also for someone| 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
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
Your financial independence number is the amount of money you think you need in order to be free. Unfortunately, if nothing changes in your life after reaching your financial independence number, then the number simply is not real. You need to accumulate more capital and generate more passive income. Some people continue to believe once| 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
There's a classic saying, 'Youth is wasted on the young.' It's meant to convey that those who are young lack the perspective to appreciate all the advantages of youth and thus take it for granted. After more than seven years of being a parent, it is clear to me that not having kids is a| Financial Samurai
With negative cash flow, I've embarked on a mission to trim unnecessary expenses from my budget. In times of surplus cash before my home purchase, I hadn't scrutinized my expenses for years. It's not that I was lazy about budgeting; instead, I've always embraced the 'pay myself first and spend the rest' strategy. Each month,| Financial Samurai
Everybody wants to become a millionaire. Unfortunately, not everybody's chances of becoming a millionaire are the same, partially because the playing field is not even. This article looks at historical data on your chances of becoming a millionaire by race, age, and education. Getting to at least one million dollars in net worth is a| Financial Samurai