From Welfare to Well-Off: My Journey To Financial Independence

The following is a guest post by Dominic. He shares his story about escaping the life of trouble and poverty towards one day reaching financial independence. He shares his journey from welfare to well-off. Reading different perspectives is what makes the Financial Samurai community so awesome. – Sam They say the best time to plant

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Do You Have A Hoarding Problem? Five Points To Identify That You Do

A funny thing is going on in San Francisco right now. After Uber hired Goldman to raise $1 billion in a convertible debt sale, Uber launched a $5 UberPool campaign for a limited time on rides anywhere in San Francisco. UberPool is Uber’s carpooling service where they charge an even lower rate than their UberX offering. $5 to

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Who Is The Middle Class? We Are All Middle Class Citizens!

If you read my “Definitions Of A Middle Class Income” article, you’ll come across my theory that almost all of us identify as middle class, no matter how much we make. Post-pandemic, it’s even more important to stay in the middle class given the K-shaped recovery. Further, President Biden is focused on supporting the middle class

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Should I Get A Divorce? Weighing The Pros And Cons Of Separating

After reading Sam’s How To Prevent Your Wealthy Man From Straying, I’ve been thinking a lot about my own situation. You see, I’m the mother of three boys, and I’m the wealthy one in the relationship. As a government employee, I make about $78,000 a year, but my wealth really comes from my parents, who

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Increase Your Savings By Identifying Specific Reasons To Save

I was invited to join the TaxACT How I Save blog tour which shares ways to increase your savings. Last year, TaxACT saved America over $240 million on tax preparation.  The personal savings rate in the US could be better. And it is my hope in spreading knowledge on personal finance topics that more Americans will take better

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Always Work On Improving Cash Flow For Financial Independence

The other day I asked a very wealthy entrepreneur about his main financial concern. He’s probably worth anywhere between $50 million to $75 million dollars. Given he has so much money, I thought his answer would be more philosophical, like “making sure my kids appreciate the value of money,” or “how to create a lasting legacy.”

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