In my post about illegal immigration, a commenter pointed out that I was lucky to avoid greater financial consequences from my car accident. It turns out that the maneuver where a car accelerates from a stop and then suddenly slams on the brakes is a common insurance scam. This tactic is known as the “sudden […] The post Car Insurance Fraud As A Side Hustle Is Not Worth The Money appeared first on Financial Samurai ..read more

Like millions of others, I watched with intrigue the first—and potentially only—Donald Trump and Kamala Harris presidential debate. One of the most important topics discussed was illegal immigration and how the Biden/Harris administration allowed millions of illegal immigrants to enter the country. If you're willing to flee your country and attempt to enter America illegally, […] The post Bumped Into An Illegal Immigrant And It Could Have Been Costly appeared first on Financial Samurai ..read more

At long last, the time has finally come for the Fed to begin cutting rates in September. As a result, real estate investors will likely benefit from a tailwind over the next couple of years, after a rough prior two years. Mortgage rates peaked in October 2023 but rose again from December 2023 through April […] The post Maximizing Real Estate Returns In A Multi-Year Rate Cut Environment appeared first on Financial Samurai ..read more

In 2013, Students for Fair Admissions (SFFA) filed a lawsuit against Harvard University in the U.S. District Court in Boston. They alleged that Harvard's undergraduate admission practices violated Title VI of the Civil Rights Act of 1964 by discriminating against Asian Americans. As an Asian American, I was intrigued. After lower courts upheld Harvard's limited […] The post MIT and Yale’s New Class Profiles Post Affirmative Action Ban appeared first on Financial Samurai ..read more

One of the investing strategies growing in popularity with the wealthy is Direct Indexing. Before my consulting stint at a fintech startup in 2024, I had never really heard of Direct Indexing. If I did, I likely assumed it simply meant directly investing in index funds, which many of us already do. However, Direct Indexing […] The post Direct Indexing: A Growing Investment Strategy Among The Wealthy appeared first on Financial Samurai ..read more

In April 2017, I made a commitment to be a stay-at-home parent for the first five years of my son's life. When my daughter was born in December 2019, I made the same commitment for the sake of equality. Research shows that the first five years are the most crucial for a child's development. Supposedly, […] The post Careful Giving Up Your Career To Be A Stay-At-Home Parent appeared first on Financial Samurai ..read more

Since I purchased my house in October 2023, I’ve been feeling broke. I’m living paycheck to paycheck to cover my bills and fund venture capital calls. In fact, even after realizing I had missed a $25,000 capital call, it took me another week to pay it off because I didn’t have enough money on hand. […] The post The Broke Mindset: Your Contrarian Advantage In Building Wealth appeared first on Financial Samurai ..read more

Last month, I missed a $25,000 capital call without even realizing it. The Managing Partner of the fund, a friend I've known since business school, texted me while he was on vacation. He wrote, “Hi Sam—hope you're having a good summer. I'm texting from Holland—sorry for the quick note, but just a reminder that the […] The post Consequences Of A Limited Partner Not Meeting A Capital Call appeared first on Financial Samurai ..read more

Needless to say, a $20 million net worth is a substantial amount of money. It firmly places you within the top 1% of net worth, with the current threshold around $13 million. Previously, we discussed how a $10 million net worth, and even a $5 million net worth, are both ideal amounts for retirement, depending […] The post A $20 Million Net Worth Should Be Enough To Live Happy And Free appeared first on Financial Samurai ..read more

Like most people, I enjoyed watching the Olympics. Some of us might even imagine our children becoming elite athletes one day. Unfortunately, becoming a great athlete is prohibitively expensive for most people, requiring significant time and money to achieve greatness. I've played sports all my life and love the activity. Sports bring people from different […] The post To Be A Great Athlete Is Prohibitively Expensive For Most appeared first on Financial Samurai ..read more