Financialsamurai

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NewRetirement Updates And New Features: A Great Retirement Planner

What is the one thing you can do today to ensure better financial decision making, habits, and outcomes? You can build and maintain a holistic financial plan. And one way to do that step-by-step is using the NewRetirement Planner. It's been over 1.5 years since I did my first review of their platform. So I reached out to their team to get some updates on their growth and new features, highlighted below. They've made some notable enhancements that are worth checking out. What does their software do exactly? With the NewRetirement Planner, you get to take financial wellness into your

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Making Money As A Professional Writer Is Hard, Here's How To Succeed

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 since 2009, authored a 200+-page e-book in 2012, and published a 300+-page hardcover personal finance book in 2022. These writing activities have enabled me to earn enough money as a professional writer to provide for my family of four in San Francisco. However, sadly, I

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Overcoming Blindness: Achieving Financial Independence With A Visual Impairment

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 awareness will create a more loving and compassionate society. - Sam My name is Adam. I run the website BlindLuckProject.com where we discuss all things FIRE (Financial Independence Retire Early) and how to make your own luck despite the odds. Financial Samurai has asked me to share

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Why Pay Off A Negative Real Mortgage Rate When Inflation Is So High

Paying off a mortgage with a negative real mortgage rate is a suboptimal financial move. However, that's exactly what I did in this unusually high inflationary environment. Bad move? Maybe. The mortgage rate was a 30-year fixed at 4.25% and the latest inflation figure was 9.1%. Therefore, it had a negative real mortgage rate of 4.85% (4.25% - 9.1%). I had the mortgage for 15 years until it was recently paid off. In general, you want to keep your mortgage with a negative real interest rate for as long as possible because inflation is paying down your mortgage for you.

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How To Get Life Insurance For Free: Make More Money

Have you ever wondered how you can get life insurance for free? I'm not talking about getting free life insurance for your work benefit. It usually isn't enough. I'm talking about how to get free life insurance outside of work. My wife and I have life insurance because with have two young children, a complicated net worth, and mortgage debt. Having life insurance will buy time for our survivors to sort everything out after one or both of us passes. Because we have more assets than liabilities, we could technically self insure (not have insurance). However, the value of our

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Embrace The Underdog Within To Win: Who You Are Is Good Enough!

Are you an underdog looking to succeed in this brutally competitive world? Do people ignore you, discredit you, look down on you, think you're dirt, or even hate you for just being you? Well, welcome aboard! I've been the underdog my entire life. The number of rejections I've experienced is too large to count. But you know what? I love it! I want you to love rejections too. In this post, I'd like to share some underdog success stories. Hopefully, they will motivate you to embrace suboptimal situations and keep on going. The one constant theme from these stories is

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Fundrise Innovation Fund Review: Disrupting Venture Capital

The Fundrise Innovation Fund is a new fund investing in mid-to-late-stage private tech companies. More broadly, the fund intends to focus on companies within specific sectors that have strong macro tailwinds, such as machine learning and artificial intelligence. The goal is to invest in long-term trends that expand over the next several decades. Since 2010, Fundrise has focused on disrupting the commercial real estate market. Now they see an opportunity to disrupt the venture capital market. I was surprised when I first heard Fundrise was launching a venture capital fund. My first thought was this didn't seem like a logical move.

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The Next Big Investment: Rare Books And Memorabilia With Autographs

From the guy who told you to buy heartland real estate in 2016, I've got another long-term investment idea I think you should consider. Investing in rare books and various types of memorabilia with autographs. Not only can investing in collectibles be lucrative, but it's also a ton of fun as well. For example, I have been a collector of rare Chinese coins since I studied abroad in China in 1997. In fact, there's a possibility the rare Chinese coins I purchased in 1997 are now worth big bucks! Back in 1997, I was a foreign exchange student in China.

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Private Real Estate Investing: Seven Takeaways After Five Plus Years

As someone who has been consistently invested in private real estate deals since late 2016, I'm now firmly in the window for receiving distributions. My investment thesis to invest in heartland real estate has turned out well, partially thanks to the bad luck of the pandemic. Although a couple of my investments in one fund turned sour due to a lack of equity cushion, poor execution, and the shutdown of commercial offices, the vast majority of investments have provided positive returns. One such investment was a multifamily investment that paid out $122,423.04 in distributions on July 6, 2022. The invested

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What Makes A Bestselling Nonfiction Book? Insights From A Major Publisher

After 2.5 long years, Buy This, Not That: How To Spend Your Way To Freedom, is now available for purchase! Pick up a hardcopy at Amazon, Barnes & Noble, or your local bookstore. To celebrate, I'd like to share what makes a bestselling nonfiction finance book based on insights from my Portfolio Penguin Random House editor, Noah Schwartzberg! Back in 2012, I looked for a literary agent in order to get a book deal. I was three years into writing Financial Samurai, had just left my banking job of 11 years, and felt I had a unique message to share.