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

Jaksot(743)

431: Women in Real Estate: Closing the “Investing Gap” and Getting Started

431: Women in Real Estate: Closing the “Investing Gap” and Getting Started

The gender investing gap is real, but it’s not due to women lacking capital. More often than not, women are saving their money rather than investing in real estate and allowing it to grow. As successf...

17 Heinä 202344min

430: The Secret Way to Save 50% on Your Electricity Bill (EVERY Month!)

430: The Secret Way to Save 50% on Your Electricity Bill (EVERY Month!)

Want to cut your electric bill in HALF? A few secret yet simple hacks can save you hundreds, if not THOUSANDS, on your utility bills. And with energy prices almost double where they were just a few ye...

14 Heinä 202348min

429: What Most First-Time Home Buyers Get Wrong with Nicole Lapin and Scott Trench

429: What Most First-Time Home Buyers Get Wrong with Nicole Lapin and Scott Trench

First-time home buyer? After this episode, you’ll see the house-hunting process in an entirely new light. Throw out the granite countertops and exposed beams you’ve always dreamed of because making an...

13 Heinä 202334min

428: The Mad Fientist on Early Retirement in Your 40s and 4% Rule Updates

428: The Mad Fientist on Early Retirement in Your 40s and 4% Rule Updates

If you want to retire early, the Mad Fientist is your guide. For over a decade, Brandon, more commonly known as the “Mad Fientist,” has been running simulations, experiments, and exercises to discover...

10 Heinä 20231h 6min

427: Finance Friday: Building a $200K/Year Portfolio on an “Average” Income

427: Finance Friday: Building a $200K/Year Portfolio on an “Average” Income

A rental property portfolio can replace your job, give you ultimate financial freedom, and allow you to do what you want when you want. But building this massive passive income stream takes time, and ...

7 Heinä 202358min

426: The New Path to Financial Independence is HERE

426: The New Path to Financial Independence is HERE

The Financial Independence, Retire Early movement (FIRE movement) is changing. More people are investing, making money, and working from anywhere in the world. Investing education and advice has becom...

3 Heinä 202335min

425: Financially Free in 4 Years by Making One VERY Smart Money Move

425: Financially Free in 4 Years by Making One VERY Smart Money Move

If you make the right money moves, financial freedom is only a few years away. You can’t spend your entire paycheck on travel, trips, high rent, or entertainment if you want to retire early and have t...

30 Kesä 202346min

424: How This Teacher Squashed $20K in Credit Card Debt and Hit Coast FI by 32

424: How This Teacher Squashed $20K in Credit Card Debt and Hit Coast FI by 32

Coast FI by 32 after racking up $20K in credit card debt only a few years earlier!? However unlikely this turn of events might seem, the truth is that any money story can be turned on its head with a ...

26 Kesä 20231h

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