When you incorporate a business, it’s like you have created a person out of thin air. That business is considered a separate legal entity from the shareholders who own the business. Therefore, piercing the corporate veil by mixing personal expenses with business expenses is highly discouraged. In the case of a small business, it’s usually […]
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A self-employed 401(k) plan is a great way to save for retirement if you are an entrepreneur or solopreneur. A self-employed 401k plan is also know as a Solo 401(k) plan. This article will discuss how much you can contribute to your self-employed 401(k) plan. For 2025, the IRS says you can contribution up to
How Much Can I Contribute To My Self-Employed 401k Plan? Read More »
Many of us are now looking for viable ways to make money from home. One way is by self-publishing a book. During my research I came across a fascinating self-publishing book scam every crooked politician would be proud of. I’m assuming that the more dire the economy gets the more scams there will be. The
A Self-Publishing Book Scam That Took Down A Greedy Politician Read More »
Creating next-level wealth is all about next-level thinking. When you first graduate from school, you may have a desire to make six-figures a year. Then once you make six-figures and get taxed out the wazoo, you start wondering how to create next-level wealth. Next-level wealth is based on net worth, not income. Earning a top
How To Create Next-Level Wealth: When A Million Just Won’t Cut It Read More »
Right before the pandemic began, I did a fun podcast interview with Andy from Marriage Kids & Money, a work-from-home solopreneur. It was nice to connect with another father of two young children in the online world. Andy took a leap of faith at a very similar age as me in 2012. Although my main
Work-From-Home Solopreneur: How I Made The Leap As A Young Father Read More »
Have you ever wondered who makes a million dollars a year? Making a million dollars a year or more puts you in the top 0.1% of income earners in the world. A top 1% income is over $700,000 today in America. With such an income, you should eventually have at least a top 1% net
Who Makes A Million Dollars A Year? Exploring The Top 0.1% Income Earners Read More »
You may ask yourself: why start a business? The better question to ask yourself is: why haven’t I started a business already! The pandemic forced many of us to get creative. And business formation has skyrocketed since 2020. When I started Financial Samurai in 2009, I didn’t start it as a business. I started this
Why Start A Business? A Better Life Of Course Read More »
Self-publishing a book is one way to make money from home. If you have your own website, you can sell the book there and control its price. You can sell your book via your social media platforms. Or you can also sell your book via Amazon and other established online book platforms. As someone who
Self-Publishing A Book: A Viable Way To Make Money From Home Read More »
Travel is amazing, especially when you can travel for free. With the pandemic over and a strong US dollar, traveling abroad during another global financial crisis is not a bad idea. This post will highlight the best way to travel for free and lower your taxable income as well! My Travel Background Since childhood, I’ve
The Best Way To Travel For Free And Lower Your Taxable Income Read More »
I will make an argument why you need to start your own website today. I’ve had my own website, Financial Samurai, since 2009. It has been the best financial investment I’ve ever made. In a post pandemic world, you should own a website that can never be shut down. If you can keep spreading your
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