I came across an intriguing article with a secret on getting set for life. Study hard, get good grades, nail your SATs, and get into one of the top 20 schools. Or if you weren’t scared off by the college admissions scandal, you could bribe your way in. But of course only you can decide […]
Survey Says: Get 1,300 on Your SAT’s and a 3.9 GPA And You’re Set For Life! Read More »
This week I learned the value of happiness from my frugal wife that I want to share. I have a small “trading account” which lost about 22% of its value this week being levered short. Not exactly the greatest feeling. This week basically wiped out all my hard work in this specific account for the
The Value of Happiness & Lessons From a Frugal Wife Read More »
The S&P 500 index has rallied 40%+ from its March 2009 low, and is up 8% Year To Date. Despite this solid performance, unemployment has surged to 9.7%, and many forecast the increase will continue until 11-13% unemployment. We’ve got 12% unemployment here in California already. The question I have is: How high can the
How High Can Unemployment Go Before We Derail? Read More »
The less you have, the less you lose. This is the upside attitude of not having a lot of money. In October of 2008, Warren Buffet lost about $9.6 billion on paper. Put it another way, that’s a freaking a lot of money! To also put it another way, in my chase to match Warren’s
The Less You Have, The Less You Lose Read More »
With California heading towards the abyss and taxes rocketing to the moon, I’ve toyed with the idea of moving to Nevada. Here’s an article in the San Francisco Chronicle highlighting homeless 24 year olds and rising unemployment even in a rich suburb such as Marin County. From this other article, we learn that from the
Move to Nevada And Make 10% More Money Per Annum Forever Read More »
The Bank of Mom and Dad is becoming more and more popular today. With adults children coming back home after school, parents are helping a lot. Let’s discuss! Do you remember that colleague who always seemed to have the latest and most fancy clothes? She’s your same age with your similar salary and you’re slumming
Bank of Mom And Dad – Should We Spoil Our Children? Read More »
The great thing about personal finance is that it is just that – personal. We all have different lifestyles, income sources, spending habits, goals, and financial responsibilities. Thus, the amount we each need to reach financial independence is unique. What’s your financial independence number? If one can accumulate $3 million in cash, that should be
What’s Your Financial Independence Number? Read More »
I started playing poker about 4 years ago, and quickly got addicted to the game. The strategy involved, and the thrill of the bluff were fantastic elements that kept me coming back for more. Initially, we’d start off playing $20 buy-in tournaments. We then progressed to 25 cent/50 cent blinds and then to $1/$2 blinds.
Poker is Just for Fun – Don’t Rely On It For Extra Income Read More »
It’s kind of crazy that I first wrote this post on July 11, 2009. I was miserable at my job and the financial crisis caused me to lose 35% of my net worth in six months. The one thing I’m supremely aware of now that I’m a father is that time accelerates. We need to
Time Accelerates, Let’s Not Waste It Read More »
FINANCIAL SAMURAI – INTRODUCTION The Journeyman’s Goal To Financial Independence By 45 After 10 years in corporate America, I thought I had it made. A six figure job, a real estate portfolio, company stock, and a savings/emergency fund that would last me 3 years if I ever became unemployed. I did everything the personal finance
