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When To File For Unemployment Benefits If You Receive WARN Act Pay

When To File For Unemployment Benefits If You Receive WARN Act Pay

If you’ve been laid off from an employer with 100 or more full-time employees, you are eligible for Federal WARN Act pay. An employer must provide written notice to employees 60-days prior to a plant closing or a mass layoff. In other words, the Federal WARN Act pay is equal to 60 days of pay, […]

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My Regret Of Not Taking The Money Due To Company Loyalty

My Regret Of Not Taking The Money Due To Company Loyalty

For those who follow golf, there was a blockbuster announcement that the PGA Tour would merge with the LIV Golf League. Nobody expected the PGA Tour to merge with LIV because the PGA Tour had been adamant in its disdain for the Saudi Arabia-backed league. The LIV Golf League offered obscene amounts of money to

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Artificial Intelligence: How To Protect Yourself And Benefit Financially

Artificial Intelligence: How To Protect Yourself And Benefit Financially

I’m a late adopter, which is why I haven’t thought too much about artificial intelligence (AI). I’d rather have early adopters figure out all the kinks first so I can better spend my time using the technology. However, at a kid’s birthday party one Saturday, a dad, who works in finance, came up to me

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A Visit To Pity City Shows Your Boss Probably Doesn’t Care About You

A Visit To Pity City Shows Your Boss Probably Doesn’t Care About You

Have you ever visited Pity City? You know, the place where you feel sorry for yourself and all your problems? I think we’ve all been there before. At Financial Samurai, we accept our situation and take action to make things better. Complaining why life isn’t fair is not the Financial Samurai way! We are all

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Median Income Earned By Ivy League Graduates: Unimpressive At First

Median Income Earned By Ivy League Graduates: Unimpressive At First

One reason why you might want to attend an Ivy League college or similar college is to earn a higher income. As a parent, you hope your child attending an elite university will make them upwardly mobile. A better life is what every parent wants for their kids. However, the median income earned by Ivy

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Why Nobel Prize Winners Were So Wrong About The Ideal Income For Happiness

Why Nobel Prize Winners Were So Wrong About The Ideal Income For Happiness

In 2010, Nobel Prize winners Daniel Kahneman and Angus Deaton from Princeton University argued that $75,000 was the ideal income where happiness increased no further. As someone who made as little as $4/hour at McDonald’s to multiple six figures a year working in investment banking, it was clear to me happiness continued way beyond the

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Sadly Giving Up On Retirement And Going Back To Work

Sadly Giving Up On Retirement And Going Back To Work

After doing a deep dive on the different ways to pay for college and how to get good financial aid, I realized the best thing for my family is for me to go back to work. Coming up with $1,500,000 for two kids’ college experience in 12-15 years is daunting. Going back to work feels

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Regularly Selling Your Company Stock Is Probably A Good Idea

Regularly Selling Your Company Stock Is Probably A Good Idea

Some employers pay their employees with company stock as part of their total compensation package. This way, employees become owners and potentially feel a greater sense of duty towards the firm. If you don’t own any of your company’s stock, you might be less inclined to come in early or leave late. Without company stock,

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A Stealth Wealth Case Study On What Not To Do To Blend In

A Stealth Wealth Case Study On What Not To Do To Blend In

As the economy goes down the tubes thanks to a Fed-induced recession, anger against anybody who is perceived to have more wealth or success will go up. As a result, it’s important to practice Stealth Wealth to stay safe and happy. I know anger has increased since the bear market began because I run a

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The Best Life Hack For Americans: Taking Advantage Of Canada

Some Americans fear higher taxes so much they are willing to move. The capital gains tax rate might go up. The step-up basis might go away. And the top marginal income tax rate might go up too. Therefore, may I present the best life hack for Americans: taking advantage of Canada! I’m always looking for

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How One Man Negotiated A $40 Million Mass Severance Package

Although it’s a bummer to hear about more layoffs, I also feel a lot of hope and excitement for those who have lost their jobs for two reasons. First, there is the benefit of getting a severance package. Imagine getting a severance package worth six months of salary and then finding a new job two

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Should You Write A Book? Pros And Cons Of Being An Author

So you want to write a book but aren’t sure if it’s worth your time. As a published author of both an ebook and a traditional hardcover book, let me share with you the pros and cons of being an author. Given the success of my Wall Street Journal bestseller, Buy This, Not That, I’ve

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Short-Term Thinking Destroys Long-Term Wealth: Do A Cost-Benefit Analysis

Before making any big financial decision, always do a cost-benefit analysis. Focus on the costs more because most people are too mesmerized by the benefits. Great marketing and perennial optimism can lead to great disappointment. In the post, The Second Biggest Financial Mistake You Can Ever Make, I made the argument to never expect your

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When The Elites Go On Strike, We Should Pay Attention

When The Elites Go On Strike, We Should Pay Attention

If you’re like me, chances are you are not part of the elite. Like 75% of college students, you may have gone to public school. For various lengths of time, you may have been underemployed or unemployed. Further, you definitely didn’t come from a rich family with prominent connections. Despite not being one of the

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Thankful For Luck: A Phone Call That Changed My Life For Good

Happy Thanksgiving everyone! Despite the pandemic and a bear market making things difficult for so many, there is still so much to be thankful for. We need to all be thankful for the luck we’ve had so far. Personally, I’m thankful for luck. The more we can recognize luck in our lives, the happier we

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Being A Professor Is The Ideal Occupation For Riches And Status

There are very few occupations that provide the ideal combination of riches and status. Being a professor is one of them. Tenured professors are able to make six-figure incomes. Getting a PhD or a post-doctorate is the pinnacle of academic achievement. Meanwhile, most people respect professors for their positive contributions to society. After I retired

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Suing Your Employer For Laying You Off Is Probably A Bad Move

Suing Your Employer For Laying You Off Is Probably A Bad Move

Suing your employer as part of a mass layoff is probably not going to get you anywhere. Instead, you will likely end up wasting your time and money. In addition, you may also end up hurting your reputation and future employment prospects. Even after 10+ years of being unemployed, hearing about mass layoffs is still

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The Golden Parachute Severance Package: Oh How Sweet It Is!

The Golden Parachute Severance Package: Oh How Sweet It Is!

As someone who wrote a book on how to negotiate a severance package, it always makes me happy to see public case studies. The latest case study is on the “golden parachutes” received by three ex-Twitter executives. A golden parachute consists of substantial benefits given to top executives if the company is taken over by

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Where Are All The Adult Athletes? Sports And Your Career

Where Are All The Adult Athletes? Sports And Your Career

For over 20 years, I’ve been a tennis club member. Player levels range from beginner to ex-professionals. Everybody gets along and rallies around a sport they enjoy, no matter their level of wealth. But I just realized something odd. And the realization wouldn’t have come had I not become a father. After almost three years

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Overcoming The Downer Of No Longer Making Maximum Money

Overcoming The Downer Of No Longer Making Maximum Money

Do you know what is really hard? Deciding to walk away from a whole lot of money in your prime. If you decide to retire early or take a lower-paying job out of joy, you must accept the death of your maximum money potential. Over the years, many readers looking to retire early or do

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