46: Engineering Passive Income Streams to Fund the Life You Want with Financial Samurai

46: Engineering Passive Income Streams to Fund the Life You Want with Financial Samurai

This week’s episode features Sam Dogen from Financial Samurai. After one month working for a top investment firm, Sam knew 70-hour workweeks were not the life he wanted. So Sam took action immediately. Instead of fancy cars and dinners out, Sam shared a studio apartment with a friend and socked away HUGE sums of money—50% of mediocre starting salary. He invested in real estate (shocker), stocks, and bonds—and continued his massive savings rate. Taking advantage of the economic downturn, Sam engineered his layoff and an enormous payout. Sam now lives the life he wants, having set up multiple passive income streams during his working years. He spends time with his family every day and embodies the concept of financially free. He no longer trades his time for money; his money just simply reproduces itself and does all the heavy lifting. This episode is a great look at how a little upfront discomfort can lead the your best life. Links from the Show Craigslist PayPal BiggerPockets Jobs Why Households Need To Earn $300,000 A Year To Live A Middle Class Lifestyle Today (blog) Don't Quite, Get Laid Off Instead (blog) Learn more about your ad choices. Visit megaphone.fm/adchoices

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526: Personal Finance for Beginners: Bank Accounts, Real Estate, and Retirement

526: Personal Finance for Beginners: Bank Accounts, Real Estate, and Retirement

Personal finance doesn’t have to be complicated. Saving, investing, and retiring early shouldn’t be a stumbling path to wealth, but many Americans feel this way. So, to clear up some of the money misc...

7 Touko 202443min

525: The Rational Investor’s Case Against Bitcoin

525: The Rational Investor’s Case Against Bitcoin

Cryptocurrency enthusiasts can’t fathom why Bitcoin will fail. If you tell them that you’re not investing in Bitcoin or other cryptos, they look at you like an uneducated investor, a sheep following t...

3 Touko 202434min

524: Lessons From the Rich That Took Me from $0 to a $1,000,000+ Business

524: Lessons From the Rich That Took Me from $0 to a $1,000,000+ Business

Want to be a millionaire or build a business that brings in seven figures? Want generational wealth and to be debt-free? Want to know that you have enough money to take big risks while still keeping y...

30 Huhti 202443min

523: Americans Say THIS Is How Much You Need to Retire (More Than You'd Think)

523: Americans Say THIS Is How Much You Need to Retire (More Than You'd Think)

Is a six-figure salary enough to achieve FIRE? If you’re working towards financial independence, you know that any extra money at the end of the month can help propel you to your goals faster, but wit...

26 Huhti 202437min

522: How to Get PAID to Live in an Affordable City & Fast-Track Financial Freedom

522: How to Get PAID to Live in an Affordable City & Fast-Track Financial Freedom

Moving is hard. But could relocating to a low-cost-of-living area help you lead a more fulfilling life and achieve financial freedom? As today’s guest came to find out, the benefits of living in an af...

23 Huhti 202435min

521: Full-Time FIRE and Traveling the World…All Thanks to Rentals!

521: Full-Time FIRE and Traveling the World…All Thanks to Rentals!

Could real estate investing help you reach financial freedom much sooner than you thought possible? Today’s guest had his world turned upside down by one tragic incident, but he was able to quit his W...

19 Huhti 202439min

520: The BEST Side Hustles You Can Start in 2024 (Outside of Real Estate!)

520: The BEST Side Hustles You Can Start in 2024 (Outside of Real Estate!)

The best side hustles can put some extra cash in your pocket, help you leave your W2 job, or even launch you toward FIRE. If you’re looking to make money in ways other than real estate investing, you ...

16 Huhti 202444min

519: HSA vs. FSA and When to Drain Your Emergency Fund to Pay Off Debt

519: HSA vs. FSA and When to Drain Your Emergency Fund to Pay Off Debt

Want to know how to avoid capital gains on your next home sale? If you tune in, you may dodge a quarter-of-a-million-dollar bullet (or more!). What about investing in one of the most tax-advantaged ac...

12 Huhti 202434min

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