One of the best ways to get a better deal on a home is by paying cash. Sellers prefer all-cash offers because there’s less risk the transaction will fall through once in escrow. As a result, some sellers are willing to discount the sales price or take your cash offer over another offer with a […]
Paying Cash To Buy A House By Selling Stocks: A Mind Bender Read More »
If you want to succeed long-term, make sure you are working mostly for intrinsic rewards not extrinsic rewards. I believe the right balance for success is to have greater than 70% intrinsic motivation and less than 30% extrinsic motivation. If most of the reason why you are doing something is due to extrinsic motivation, you
To Succeed, Intrinsic Rewards Must Dominate Extrinsic Rewards Read More »
As a real estate investor since 2003, I’ve been disappointed by the real estate buying and selling process for a long time. While transaction costs have declined to zero or near zero for every industry due to technology, real estate commissions have remained stubbornly high. Could real estate collusion be involved? After I sold a rental
Real Estate Collusion Revealed! Misaligned Commission Incentives Read More »
One of the things I’ve tried to work on since high school is being less judgmental about others. To function efficiently in society, I often have default assumptions about people which can sometimes backfire. I’m also certain that if more people got to know each other there would be less conflict. As a minority who
A Blind Spot About Private School Families: They Aren’t All Rich! Read More »
Getting to the top 1% net worth by age is a very impressive goal. But how much money do you need to get there? Overall, to have a top 1% net worth in 2024 requires having at least $13 million according to the Federal Reserve. And in 2025, the top 1% net worth amount will
The Top 1% Net Worth Amounts By Age: Are You Rich Enough? Read More »
With money market interest rates so high, every day you delay closing escrow is one more day of free interest income. You could feasibly extend your escrow period so long that the extra interest income you earn pays for all your closing costs and then some. I’ve argued why buying a home with contingencies is
How To Delay Close Of Home Escrow To Gain More Time And Money Read More »
Well folks, after writing over 2,300 personal finance articles since 2009, my job here at Financial Samurai is done! According to the 2022 Federal Reserve Consumer Finance Survey, the average American household’s net worth, adjusted for inflation, was $1.06 million. That’s right. The average American household, some of which consists of individuals, is a millionaire!
The Average American Household Is A Millionaire, Go USA! Read More »
If you want to invest in venture capital, you now can by investing in the Fundrise venture product. Fundrise has democratized access to venture investing with only a $10 investment minimum for all investors. In comparison, traditional venture capital funds are invite only and have $100,000-$250,000 minimums. I’ve invested $150,000 in Fundrise Venture to gain
Making Venture Capital Investing Accessible To All With Fundrise Read More »
So you want to publish the next great book! To do so you first need a book proposal. Back in late 2011, I spent hours putting together a book proposal for my severance negotiation strategy book, How To Engineer Your Layoff. After engineering my own layoff three months earlier, I had hoped to get a
Example Of A Book Proposal That Should Have Been Accepted Read More »
Local economic catalysts are important for supporting the value of your home. Therefore, before buying a house, you must look into the future as to what might affect the demand for housing in your target neighborhood. We can’t control what the Federal Reserve does with interest rates. We also can’t force the federal government to
Look For Local Economic Catalysts Before Buying A House Read More »
