Do higher taxes lead to Socialism in America? This is the question I had on September 1, 2009 when I was still slaving away at my corporate job. Paying lots of taxes while the world was falling apart wasn’t sitting well with me. I had also just started Financial Samurai in July 2009. Now that […]
Do Higher Taxes Lead To Socialism In America? Read More »
I declare September frugality month. If I’ve learned anything from my 20+ years working, it’s that September and October are generally dicey months for people’s fortunes. September has historically been the worst performing month for stocks on average since 1950. 9/11 wasn’t good, neither was September 15, 2008 when Lehman declared bankruptcy. The expression, “Sell In
Get Rich In September & Buy Nothing! Read More »
The most overrated business is the restaurant business. Here are some of the most overrated businesses to start according to Kelly Spors and Kevin Salwen from the Yahoo Small Businesses page: Restaurant Direct Sales From Home On-line Retail High-End Retail Independent Consulting Franchise Ownership Traffic-Driven Websites i.e. Financial Samurai, but also Facebook! Millions have lost
The Most Overrated Businesses – Restaurant Is #1 Read More »
BusinessWeek comes out with a Top 10 list of best places to buy vs. rent. This is their formulation in their words: “To create a fair match-up between owning and renting, we calculated ownership costs assuming a fixed 30-year loan for 100% of the purchase price with no down payment. If they had instead decided to
BusinessWeek: 10 Best Places To Own Property Read More »
Michael Vick – A Second Chance Or No? When Michael Vick was convicted of animal cruelty a couple years ago, he lost everything. Particularly painful was his $135 million multi-year guarantee contract from the Atlanta Falcons. Probably even more painful was the shame he felt and the 18 month experience in the slammer. He’s now
Michael Vick Suits Up: A Comeback Story Read More »
There are press reports that Bernie Madoff has cancer and doesn’t have many years left to live. If this is the case, does Bernie win in the end? For decades, Bernie has been pilfering his clients for millions, and living far beyond his wildest dreams. Bernie Madoff’s $450 Million “Win” Let’s say that through an honest
Does Bernie Madoff Win In The End? Read More »
For a guy who doesn’t work anymore, my favorite part of the year begins soon. In just a few moments, college football starts and many a Saturday will be wasted with guys and some girls zoned in front of their TVs or at their favorite bars rooting like crazies! Surprise, surprise, the Florida Gators are the
Forgoing A $50 Million Fortune For The Love of Football!?! Read More »
In a bull market, everybody is a financial genius. Be careful thinking you are smarting than you really are. Confusing brains with a bull market is one of the easiest ways to lose a lot of money. During a bull market, it’s important to properly assess your investment risk profile. You may be investing way
Everybody Is A Financial Genius In A Bull Market Read More »
So here I am at Starbucks, testing to see if being here among the bustle of loungers helps gives me writing inspiration. They say it’s good to get out of the house once in a while to recharge the soul. I take the first seat that’s available, and what do I notice? Hanging on the side of
30 Minutes At Starbucks: Observing Day-to-Day Life Read More »
Retiring early is great. I’ve been writing about the FIRE movement since I first published this post in 2009. But what do retirees age 65-75 do that’s so great compared the the rest of us? The Bureau of Labor Statistics & USNWR comes out with an interesting survey that seeks to find out what retirees
What Do Retirees Age 65-75 Do Compared To The Rest? Read More »
