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)

423: Burned Out? How to Quit Your W2 Job and Still Achieve FIRE

423: Burned Out? How to Quit Your W2 Job and Still Achieve FIRE

Is your W2 job causing you to burn out? You have dreams of achieving financial independence and retiring early, but the unrelenting demands of your nine-to-five job are causing you to work around the ...

23 Kesä 202353min

422: The Late Starter’s Guide to Financial Independence (Even in Your 50s!)

422: The Late Starter’s Guide to Financial Independence (Even in Your 50s!)

Is early retirement possible if you’re dead broke in your 50s? What about regular retirement when you have a negative net worth later in life? If you feel it’s too late to retire, today’s guests are h...

19 Kesä 20231h 1min

421: Finance Friday: How to Retire in Your 40s by Building Multiple Income Streams

421: Finance Friday: How to Retire in Your 40s by Building Multiple Income Streams

One of the best ways to boost your earning potential is with multiple income streams. With only so much time to dedicate to each stream, however, how do you maximize your total income without burning ...

16 Kesä 202354min

420: Trading His Man Cave for a “Money Cave” That Makes THOUSANDS a Month

420: Trading His Man Cave for a “Money Cave” That Makes THOUSANDS a Month

Turning a man cave into a “money cave” Airbnb making thousands of extra dollars a month? It doesn’t get more house-hackable than this! Ron Curtis was able to pick up his first home in a pricey area fo...

12 Kesä 202356min

419: Finance Friday: Barely Breaking Even? Here’s How You Can STILL Invest

419: Finance Friday: Barely Breaking Even? Here’s How You Can STILL Invest

Side income streams are your way out of breaking even every month. If you’re like most Americans and find your savings stagnating, without much room for growth, it might be time to look at opportuniti...

9 Kesä 202354min

418: Replacing His Wife’s $100K Salary in Year ONE with THIS Online Side Hustle

418: Replacing His Wife’s $100K Salary in Year ONE with THIS Online Side Hustle

An online side hustle that replaces your $100K salary in year one!? It sounds like an impossible feat, but today’s guest was able to achieve this by launching an unusual ecommerce business—allowing hi...

5 Kesä 202348min

417: Finance Friday: Why I Spent $100K+ on My Four-Legged Friend

417: Finance Friday: Why I Spent $100K+ on My Four-Legged Friend

Pet insurance probably isn’t a top priority for you right now. Your budget might have health, car, and home insurance, but pet insurance? Is it really worth the cost? Today we talk to David, an engine...

2 Kesä 20231h

416: Codie Sanchez: These “Boring Businesses” Will Make You Rich

416: Codie Sanchez: These “Boring Businesses” Will Make You Rich

Want to replace your nine-to-five? You'll need to know how to buy a business. And while you may think that you need to be some high-level executive or business-building savant, the reality is that TON...

29 Touko 202359min

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