Trophy Husbands, Trophy Wives, And Now Trophy Kids Oh My!

We’ve all heard of trophy husbands and trophy wives. But what on earth is a trophy kid? Here’s how one expecting parent explained the term to me at the playground one day. A trophy kid is what’s known as the 4th kid or greater in a family. Because raising kids is so expensive, especially in the coastal cities, having a 4th kid is one way the rich signal to society how rich they really are. Not only do these parents have the fertility to have multiple children, but they also have the financial means to provide for additional kids. A[…]

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The Risk Of Being Unhirable After Retiring Early Is Overblown

In my post about the things I’d do differently if I had a retirement do over, one commenter mentioned something that caught my eye. Although I’ve briefly entertained this notion before, I never believed it to be true. Here’s what he said: This isn’t to put down Sam in any way, but it is way too late for him to take a foreign position for a few years. He is almost certainly unhirable in his old industry. In any competitive, dynamic white collar business you have a two, maybe three-year window to go back in. After that, technology, strategy, and[…]

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If I Could Retire All Over Again These Are The Things I’d Do Differently

I can’t believe I’ve been writing about early retirement since 2009. The first three years of Financial Samurai was me mainly trying to figure out how to retire early. The subsequent years has been me touching upon various aspects of post-retirement life. For the most part, early retirement has been everything I hoped for. Freedom is priceless. But I’ve also highlighted a lot of negatives that I could not have expected until living as an early retiree for several years. We can pontificate all we want about what it’s like to do something or be in a particular scenario. But[…]

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What Drug and Alcohol Addiction Taught Me About Risk and Reward

The following is a guest post by Deanna from MsFiology.com. Recovery from my addiction has been one of my greatest teachers in life. I never dreamt that by falling so hard, I’d find me. Furthermore, by overcoming my addiction, I’ve discovered all of the things which formerly eluded me: Self-discovery Reconciliation Deeper relationships Faith Growth mindset Peace of mind Financial peace Security Purpose Deanna 2.0   Becoming An Investor I’m finally an investor now. That gives me excitement to just write those words because that has not always been the case. I found myself deep in the throes of addiction[…]

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How RealtyMogul Performs Due Diligence On Their Investments

I recently had lunch with Jilliene Helman, Co-Founder and CEO of RealtyMogul. I was impressed with her focus on creating a long-term, sustainable business versus pursuing every real estate deal for growth’s sake. I’m currently in platform due diligence mode as some of my real estate fund investments are starting to pay out. I expect all $810,000 of my principal invested across 18 investments to be returned by 2021. In addition to platform risk, one of my main interests as an investor is how a real estate crowdfunding platform performs its due diligence and selects its deals. As a multi-property[…]

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FS20: A New Property Leading Indicator That Gives Buyers Confidence

Given the relative illiquidity of real estate, there is huge room to get your property transaction right or wrong. My hope is for all of you to get maximum value whether you’re buying or selling. There are many variables that determine the current and future value of a property. These include, but are not limited to location, marketing prowess, seasonality, condition, curb appeal, surrounding noise, interest rates, job environment, tax laws, housing laws, and demographic trends. But all of these variables are derivative variables that leave a lot of wiggle room for price interpretation. A property is only as valuable[…]

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How To Take Advantage Of Rich People So You Can Get Rich Too

I’ll never forget what my contractor told me in the midst of my home remodel. “After I’m done building your bathroom, I’m heading over to Pacific Heights and charging 2X more for a similar-sized bathroom,” he said. “How is that possible when sheetrock, pipes, tiles, and fixtures all cost about the same?” I asked. “Easy. Rich people don’t care. They have so much money that as long as I provide them good service, I can charge them whatever I want.” he said somewhat smugly. “Good to know! Well, thanks for building my bathroom for the price we agreed upon. It’s[…]

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A Bond-Investing Homeowner May Get To Profit Three Times

Bonds don’t get as much love as stocks because they are considered boring. It’s hard to get rich quick off a bond. But it is possible to see a quick windfall if you pick the right high-flying stock. Despite the lack of sexiness in bonds, if you’re serious about achieving financial independence or are already financially independent, bonds are an integral part of your portfolio. As my wealth has grown over the years, so has my appreciation for bonds. Bonds have not only provided me tax-efficient income and peace of mind in my post-work life, bonds have also provided me[…]

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When People Doubt You, Just Keep On Winning

After 10 years of grinding away, one of my friends sold his business for $73 million at age 32. It was a bootstrapped business, so he ended up getting over 80% of the gross proceeds. Can you imagine? Wow. When I asked him what he did with his newfound riches, he said he took a month off to go surfing with his buddies. After he got his fill, he then started a new software business. When I asked him why he decided to get back into the grind so quickly, he responded, “I want to see if I can go[…]

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On a Rough Day for the Markets, Beyond Meat Continues to Soar

This year has already seen several high profile initial public offerings and the results have been mixed. Ride-sharing giants Uber (UBER) and Lyft (LYFT) have been disappointing so far with both trading below the IPO price. Uber has been holding steady, down just about 3%, but shares of Lyft currently trade lower by more than 20%. Other 2019 IPOs are still performing well, Zoom Video (ZM) and Levi Strauss (LEVI) are still solidly positive since offering shares to the public for the first time, but Beyond Meat (BYND) has been the best performer, with its shares now trading more than[…]

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