Before the pandemic, the personal saving rate in America hovered between 5% – 6%. Post pandemic, the personal saving rate in America shot up above 25% as people freaked out about their future. Today, the U.S. personal saving rate is hovering around 3.6% as Americans revenge spend like there’s no tomorrow! We already know the main […]
The Personal Saving Rate In America And The Best Way To Save A Ton Of Money Read More »
If you are frugal, you’ll likely never get into financial trouble. I was very frugal saving between 50% – 70% of my after tax income until about age 35. Then I decided there was no point saving so much money if I wasn’t going to live a little. This post will discuss things worth spending
Things Worth Spending Max Money On For A Better Life Read More »
Lifestyle deflation is what happens when you are overly frugal. Frugality is often praised as a key element to achieving financial independence. Frugality is one of the hallmarks of the FIRE movement I help pioneer in 2009. However, it’s easy to take frugality too far. I’m frugal to a fault. For 13 years after college,
Stop Frugality From Leading To Lifestyle Deflation Read More »
Boomers bashing millennials about their avocado toast craze became a meme. And the reality is, spending massive money on simple food is not a great habit to build wealth. “When I was trying to buy my first home, I wasn’t buying smashed avocado for $19 and four coffees at $4 each,” Tim Gurner, an Australian
Millennial Avocado Toast Analysis: Permission To Splurge Because You Can! Read More »
A fantastic topic came up over dinner one day regarding how to increase job security in today’s highly volatile economy. The usual tips came up, such as: be invaluable, develop strong internal relationships, and never call in sick on a Friday (slacker). All tips were logical, but the more we drank, the more out of
How To Dramatically Increase Your Job Security For Life! Read More »
Here’s a guest post from an angry retail banker. Every time I’m waiting in line to deposit a check at a bank, I wonder what the hell is taking so long. Who are these people with huge envelopes full of cash? Why does the elderly lady always have to argue with the teller about why
Confessions From An Angry Retail Banker Read More »
Millennials tend to get a bad reputation for work ethic, money management, and common sense. The term quiet quitting was invented by Millennials during the pandemic as a way to not work more. But perhaps this is not fair as every older generation tends to bag on younger generations. However, if you’ve gotten a sense
No Wonder Why Millennials Don’t Give A Damn About Money! Read More »
Let’s go through a new year checklist for financially wise people. If you want to build wealth, then you need to be methodical in your financial decisions. The great thing about the Financial Samurai community is that most of you are intelligent, hard working, non-delusional people who are willing to put in effort for reward.
New Year Checklist For Financially Wise People Read More »
Building wealth has become second nature to me. It’s what happens when you write more than 1,300 personal finance articles over seven years. Not only does writing help you get smart about the topics you write about, many of the articles themselves are moneymakers thanks to the internet! Of course, everything may go to hell once
Track Everything! We’re Eating And Spending WAY Too Much Read More »
Whatever asset class you invest in, it’s always go to optimize the return. Even if you are just saving money in a money market account, you should optimize the return when you can. Data by the Federal Reserve Bank of St. Louis (FRED) reports the national average on non-jumbo money market accounts deposits (i.e. less
Don’t Forget To Optimize The Return On Your Savings Read More »
