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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326: Finance Friday: Still Feeling "Money Anxious" After Hitting FI

326: Finance Friday: Still Feeling "Money Anxious" After Hitting FI

The path to financial freedom is different for everyone. Some invest in stocks, others flip houses, but one couple breeds rats, trains horses, and buys rentals in cash. Before you get squeamish, this ...

12 Elo 20221h 3min

325: How to Buy Yourself a 6-Figure Income Stream

325: How to Buy Yourself a 6-Figure Income Stream

Buying a business may sound out of your element. Stocks are one thing, and real estate is another, but what about buying businesses? Isn’t business buying something reserved for large companies, wealt...

8 Elo 20221h 25min

324: Finance Friday: Why Even Millionaires Still Have to Budget

324: Finance Friday: Why Even Millionaires Still Have to Budget

What is a millionaire? By definition, someone who has a million dollars or more in net worth. But what do you think of when we say “millionaire”? Are you picturing sports cars, expensive vacations, bi...

5 Elo 202257min

323: Coast FI: The Calculated Way to Retire Early WITHOUT Giving Up What You Love w/Jessica from The Fioneers

323: Coast FI: The Calculated Way to Retire Early WITHOUT Giving Up What You Love w/Jessica from The Fioneers

Coast FI is an interesting concept. Unfortunately, to much of Mindy’s surprise, “coast FI” doesn’t mean having enough money to live by the coast. But, just like living down by the beach, the coast FI ...

1 Elo 20221h 4min

322: Finance Friday: Living Paycheck-to-Paycheck with 9 Rental Properties

322: Finance Friday: Living Paycheck-to-Paycheck with 9 Rental Properties

Rental property cash flow is one of the most important metrics to calculate when analyzing real estate. Your cash flow not only helps you make a little extra money every month but also keeps your prop...

29 Heinä 20221h 7min

321: From Spending Six-Figures a Year to Saving 80% of His Income

321: From Spending Six-Figures a Year to Saving 80% of His Income

Living paycheck to paycheck isn’t sustainable. But, if you’re in this position, you already know that. The stress of always worrying about bills, scrounging for money, and never really feeling securit...

25 Heinä 20221h 16min

320: Finance Friday: How to Invest When the 20-Year Grind Pays Off

320: Finance Friday: How to Invest When the 20-Year Grind Pays Off

Retirement strategies range from simple index fund investing all the way to full-on real estate development deals. What works for some investors won’t work for others. What’s most important to you is ...

22 Heinä 20221h 4min

319: The “Deathbed Toolkit” That Makes Building Wealth Much More Enjoyable

319: The “Deathbed Toolkit” That Makes Building Wealth Much More Enjoyable

Your financial freedom journey won’t look like anyone else’s. It’s your future, your passion, and your life on the line when trying to hit financial independence. But what are we missing out on during...

18 Heinä 202258min

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