By age 30, I had grown my net worth to $1 million dollars through a combination of an excellent salary, a 50%+ saving rate, a bull market, and lots of luck. Surprisingly, my happiness wasn't higher after I tallied up my assets and found out I had become a millionaire. Rather, I was feeling miserable because I was working 60+ hours a week at a job I no longer … [Read more...]
The New Safe Withdrawal Rate To Follow In Retirement
For Untemplaters out there who want to make their money last for generations, there is a new safe withdrawal rate to follow in retirement. It's called the Financial Samurai Safe Withdrawal Rate. The safe withdrawal rate formula is the 10-year bond yield X 80%. On Thursday, August 27, 2020, the Federal Reserve announced a major policy shift. Fed Chair Jerome Powell said the … [Read more...]
Best Business During A Coronavirus Pandemic: Blogging
Since Untemplater started almost a decade ago, its been a place for freelancers, side-hustlers, and entrepreneurs to come together to make more money and break free from the template lifestyle. We've had a fantastic run since 2009, but we're finally hitting roadblocks due to the coronavirus-induced bear market. What's different about this bear market is that we are … [Read more...]
The Struggle Is Real For Bloggers, Creators, And Online Entrepreneurs
Something great, but also disappointing happened to me the other day. I wrote a guest post for CNBC that did well about how it may now require $350,000 a year to live a middle-class lifestyle in an expensive city with a family. Then MarketWatch decided to pick up the post on their website. The article was the #1 most popular post for two days as well. Then … [Read more...]
Why It’s Worth Starting A Podcast Even If You’re Not A Good Speaker
If there wasn't already enough on my plate as a father to a newborn who publishes 3X a week, I decided to finally start a podcast on iTunes. Each podcast episode takes me about 30 minutes to 1 hour to record on average, due to all the many different takes. The funny thing is, for the past year, I thought I already had an FS podcast channel on iTunes because my random audio … [Read more...]