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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382: HGTV Dream Home or Financial Headache? The Truth About Winning

382: HGTV Dream Home or Financial Headache? The Truth About Winning

What if you won the HGTV Dream Home? If you’ve heard of the sweepstakes before, you know what it feels like to watch the walkthroughs, read about the top-tier renovations, and imagine yourself soaking...

6 Helmi 202348min

381: Is Financial Fear Stopping You from Living the Life You Dream Of?

381: Is Financial Fear Stopping You from Living the Life You Dream Of?

Knowing how to build wealth may come as a given for most investors. Buy assets, hold on to them, profit, and repeat. While this formula may seem simplistic at first glance, the emotional side behind i...

3 Helmi 202348min

380: Surviving a Layoff: What HR Wants You to Know?

380: Surviving a Layoff: What HR Wants You to Know?

The 2023 tech layoffs have already begun to make the 2022 tech layoffs look like small-scale firings. What started as a few large companies firing unneeded hires quickly ramped up to an industry-wide ...

30 Tammi 202353min

379: Finance Friday: Stock-Based Compensation Explained and Tax Traps to Avoid

379: Finance Friday: Stock-Based Compensation Explained and Tax Traps to Avoid

For the entry-level worker, employee stock options may seem completely foreign. But for most tech workers, this is commonplace and can be highly lucrative if understood correctly. In short, employee s...

27 Tammi 202357min

378: Billion-Dollar Jackpots and the Bright Side of Buying a Lottery Ticket

378: Billion-Dollar Jackpots and the Bright Side of Buying a Lottery Ticket

“What to do if you win the lottery." This question is getting more online searches than ever before. But what would you do? The wheels start turning as soon as those lucky numbers get picked. You star...

25 Tammi 202359min

377: Mr. Money Mustache on Life After FI: The Truth About Retiring Early in Your 30s

377: Mr. Money Mustache on Life After FI: The Truth About Retiring Early in Your 30s

Mr. Money Mustache is the internet’s poster child for early retirement. At age thirty, Pete Adeney was able to leave a lucrative job as a software engineer to focus on building a financially free life...

23 Tammi 20231h 13min

376: Margin Loans: Low-Interest Lending or Risky Rates?

376: Margin Loans: Low-Interest Lending or Risky Rates?

Margin loans could be the sneakiest way to snag a low-interest rate loan in today’s Fed-influenced environment. What most investors don’t know is that you can use your stock portfolio as collateral to...

20 Tammi 202341min

375: FTX, Fraud, and the Case for Cryptocurrency in 2023

375: FTX, Fraud, and the Case for Cryptocurrency in 2023

Cryptocurrency is dead in the mind of most investors. What started as an awe-inspiring investment reaching massive multiples in just months, quickly became a subject of contention within the investing...

18 Tammi 202357min

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