Entrepreneurship

Why I’ll Always Regret Selling My Online Business For Millions Of Dollars

During my exploration process of selling Financial Samurai, I consulted with a friend who sold his website for $2.8 million some years ago. He offered to share what transpired, what he would have done differently, and why he wished he would have held on. He regrets selling his online business. The numbers and timing have […]

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Increase The Value Of Your Professional Network By Befriending These Five Archetypes

Your professional network is incredibly valuable in order to get ahead. With a strong professional net work, you will have more professional and personal opportunities. More people will root for you and want to support you. This posts shares how you can increase the value of your professional network. For 10 years I acted as

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Is Delusion Ruining Your Life? Let’s Talk Dunning-Kruger

If you are suffering from Dunning-Kruger, it means that you are suffering from delusion. And if you’re suffering from delusion, that means there’s a large disconnect between reality and what you believe to be true. Don’t let delusion ruin your life! Delusion is one of the key reasons why people end up miserable, alone, and

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How To Build A Stronger Brand For Your Business, Blog, Or Career

Build your brand and eat like a king forever. Ignore your brand and starve like a mendicant waiting for scraps. This post is about how to build a stronger brand for your business, your blog, your podcast, or your career. A brand cannot be developed over night. It must be carefully nurtured. Along the way, your brand

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What’s The Right Ratio Between Salary And Distribution To Save On Taxes And Avoid An Audit?

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.

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How Much Do I Have To Make As An Entrepreneur To Replace My Day Job Income?

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! And

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Up Next For Financial Samurai: Less Retirement, More Entrepreneurship

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

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