Every year, as a small business owner, I like to ask my tax accountant: What’s the least amount I can pay myself in salary and bonus before the IRS comes knocking? Every year, he comes up with a slightly different answer. The IRS is smart and is always changing the rules, usually to its benefit. […]
Did you know that you can make a lot more by working overseas and save a significant amount in taxes at the same time? Now that you know, why not work overseas? The US tax system is not the most lenient by any means. American tax payers shell out effectively almost 50% of their incomes to
Why Not Work Overseas, Make More And Pay Less Taxes! Read More »
Entrepreneurship is great due to the high correlation between effort and success. If you want to get rewarded mainly on merit, entrepreneurship is the way to go. But just how much entrepreneur income do you need to replace your day job income? It may surprise you that it actually takes a lot more income! I
How Much Do I Have To Make As An Entrepreneur To Replace My Day Job Income? Read More »
Merry Christmas and Happy Holidays Everybody! 2019 was a prolific year for Financial Samurai. There were over 200 posts and even more pages published. Blogging is like fishing in a big ocean. You’ve got to be patient. Most of the time you’ll catch nothing. But every once in a while, you’ll catch a big fish
The Best Financial Samurai Articles Of 2019 Read More »
Getting ahead is about production, not skill. This article will prove to you why people with no special skills or talent can find success as well. Back in 2017, a tall Ukrainian fella by the name of Alex came to visit my open house for rent. My five, 20-something-year old tenants had just turned over,
Proof Getting Ahead Is About Production, Not Skill Read More »
I delayed writing this post for a while partly because I didn’t want to recognize the formal end of my 10-year journey writing on Financial Samurai. I was also waiting for some divine inspiration to figure out what’s next. From 2018 – 2019, several potential acquirers contacted me about selling Financial Samurai. I thanked them
Up Next For Financial Samurai: Less Retirement, More Entrepreneurship Read More »
The secret to your success is not giving up. I strongly believe if you do one hard thing for 10 years in a row, you will achieve results far beyond your expectations. Don’t quit before giving your effort a chance to produce amazing results. Talent is overrated. Grit is underrated. My belief of working on
The Secret To Your Success: 10 Years Of Unwavering Commitment Read More »
Want to get rich or feel rich? You might as well take advantage of rich people! OK, I’m not trying to be insidious. Hear me out in this post. For background, I retired with a $3 million net worth in 2012 at age 34. Today, I’m 47 with an eight figure net worth thanks to
How To Take Advantage Of Rich People So You Can Get Rich Too Read More »
Here’s a story about how Uber sold the false dream of riches to its contract drivers. Back in 2015, I gave over 500 rides on Uber to thoroughly understand the platform. The sun was just starting to peek over the mountains so I pulled over to stretch my legs. It was 6 am. I had
How Uber Sold The False Dream Of Riches And Enriched Itself Instead Read More »
Everybody has some degree of FOPA, or Fear of Other People’s Approval. We’ve become so accustomed to fitting society’s mold that we’ve stopped thinking and acting for ourselves. We seek prestige and status, which becomes a never-ending endeavor that will make you miserable after a while. But I argue that to truly make a difference
Conquering FOPA: The Fear Of Other People’s Approval Read More »
