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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 […]
Should You Write A Book? Pros And Cons Of Being An Author Read More »
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
Short-Term Thinking Destroys Long-Term Wealth: Do A Cost-Benefit Analysis Read More »
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
When The Elites Go On Strike, We Should Pay Attention Read More »
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
Thankful For Luck: A Phone Call That Changed My Life For Good Read More »
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
Being A Professor Is The Ideal Occupation For Riches And Status Read More »
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
Suing Your Employer For Laying You Off Is Probably A Bad Move Read More »
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
The Golden Parachute Severance Package: Oh How Sweet It Is! Read More »
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
Where Are All The Adult Athletes? Sports And Your Career Read More »
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
Overcoming The Downer Of No Longer Making Maximum Money Read More »
Enjoy your life, no matter the economic situation. If you do, then you’ll always be winning. The key is to recognize reality and take appropriate action. If the Fed raises the Fed Funds rate to 4.5% and keeps it there while inflation and the stock market plummet, the world will be temporarily ruined. As the
How To Enjoy Your Life After The Fed Ruins The World Read More »
One of the main reasons why I wrote Buy This, Not That was to help readers feel less regret by making wiser choices. Regret is one of the worst feelings, especially if it is a type of regret that could have been prevented through knowledge. The easiest way to stop saying, “If I knew then
Conduct A Regret Minimization Exercise To Help You Move Forward Read More »
Quiet quitting is taking the younger generation by storm, especially those on TikTok. The idea behind “quiet quitting” is to do no more than what’s asked of you at work and then check out. Once you’re out of the office, there’s no more responding to work e-mails, slack, nada. A quiet quitter does not go
Quiet Quitting Is Wonderful For Financial Freedom Seekers And Parents Read More »
The reason why the terms “starving artist” or “starving writer” exist is because they are true. It is very difficult to make money in the arts. However, if you want to be a professional writer and not starve, let me provide you with some insights. For background, I’ve written over 2,500 articles on Financial Samurai
Making Money As A Professional Writer Is Hard, Here’s How To Succeed Read More »
One of my goals on Financial Samurai is to share different perspectives. Roughly 15% of the world’s population (1+ billion), lives with some form of disability, of whom 2-4% experience significant difficulties in functioning. This is the minority group I’m most passionate about fighting for in this extremely competitive world. My hope is that more
Overcoming Blindness: Achieving Financial Independence With A Visual Impairment Read More »