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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390: Why Your Whole Life Insurance (Probably) Won’t Ever Profit

390: Why Your Whole Life Insurance (Probably) Won’t Ever Profit

Is whole life insurance a scam or a worthwhile investment? You may have heard us talk about whole life insurance before, but we’d bet we’re not the only ones mentioning it to you. Your financial advis...

6 Maalis 20231h 3min

389: Finance Friday: How to DOUBLE Your Net Worth in 1 Year (or Less!)

389: Finance Friday: How to DOUBLE Your Net Worth in 1 Year (or Less!)

Doubling your net worth in only a year? Seems impossible, right? Is making such massive money moves during a down market even realistic? If you think it can’t be done, tune in, and you’ll hear exactly...

3 Maalis 202353min

388: Twitter’s “Warning Shot” and What to Look for When Investing in Tech

388: Twitter’s “Warning Shot” and What to Look for When Investing in Tech

Twitter’s massive layoffs affected the tech industry more than people think. For years, tech stocks ran with enormous valuations, with over-inflated workforces of employees getting paid six-figure sal...

27 Helmi 202358min

387: Finance Friday: Is Staying At Your Job Costing You More Than You Think?

387: Finance Friday: Is Staying At Your Job Costing You More Than You Think?

Most people assume that buying rental properties is only for those making six-figure salaries. How can the average American afford the sizeable down payment and high interest rates of today’s housing ...

24 Helmi 202343min

386: How to Build Wealth While Working for Tips

386: How to Build Wealth While Working for Tips

Look up any “how to retire early” guide online, and you’ll see some basic information: invest in your 401(k), take advantage of your employer match, buy real estate, and invest the rest in index funds...

20 Helmi 20231h 3min

385: How to Use Equity in Your Home to Reach Financial Freedom Faster

385: How to Use Equity in Your Home to Reach Financial Freedom Faster

Your home equity could be the secret sauce to earlier retirement. With so many homeowners and rental property investors across the nation sitting on hundreds of thousands in home equity, one asks, “wh...

17 Helmi 202354min

384: How Red Robin’s Waiter of the Year Built MULTIPLE 9-Figure Businesses

384: How Red Robin’s Waiter of the Year Built MULTIPLE 9-Figure Businesses

Every entrepreneur wants to build a nine-figure business. Even a million dollars in revenue seems like a dream to the everyday American. So how did a Red Robin waiter, making five-dollar tips, leave c...

13 Helmi 20231h 7min

383: The Hidden World of Credit Hacks That Leads to 0% Interest Loans

383: The Hidden World of Credit Hacks That Leads to 0% Interest Loans

Knowing how to build business credit could be the difference between starting your dream business or waiting on the sidelines. And while most people think that building business credit requires years ...

10 Helmi 202340min

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