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)

294: Finance Friday: Stable Index Funds or Cash-Flow-Reliable Rentals?

294: Finance Friday: Stable Index Funds or Cash-Flow-Reliable Rentals?

Index funds and rental properties are at opposite ends of the investing spectrum. On one side, you have highly diversified, almost entirely passive index funds. On the other, you have cash-flowing, ye...

22 Huhti 20221h

293: Why 40% of Master's Degrees Aren’t Worth It (and Which Are) w/Preston Cooper

293: Why 40% of Master's Degrees Aren’t Worth It (and Which Are) w/Preston Cooper

A master’s degree shows quite simply that you’re a master (at least to some extent) in a certain subject. For decades, getting a master’s degree has been seen as a financially savvy move to open you u...

18 Huhti 20221h 15min

292: Mindy & Carl’s Spending Summary: March Money Madness Edition

292: Mindy & Carl’s Spending Summary: March Money Madness Edition

Financial independence is not a new concept to Carl and Mindy Jensen. For as long as they’ve been together, Carl and Mindy have been open and upfront about their financial situations. When they learne...

15 Huhti 202238min

291: Turning eBay Profits into Cash-Flowing Rentals w/The Frugal Gay

291: Turning eBay Profits into Cash-Flowing Rentals w/The Frugal Gay

eBay flipping isn’t something new. You’ve probably bought something on eBay that was sold by a reseller. Maybe a type of makeup you liked got discontinued. Maybe your favorite pair of jeans from a nat...

11 Huhti 20221h 11min

290: Finance FAQs: Renting vs. Buying, How to Pay Off Debt, & Creative Real Estate Closings

290: Finance FAQs: Renting vs. Buying, How to Pay Off Debt, & Creative Real Estate Closings

Renting vs. buying a home, debt payoff, and the best investments of 2022 are just a few of the topics discussed in this week’s Finance FAQs. That’s right, we’re here with a new segment where Scott and...

8 Huhti 202259min

289: How to Retire in 3 Years (After MANY Mistakes) with Real Estate w/Hugh Carnahan

289: How to Retire in 3 Years (After MANY Mistakes) with Real Estate w/Hugh Carnahan

Real estate and early retirement go hand in hand. Most people think that it’ll take years (or decades) to build up enough cash flow to simply break even on your monthly expenses (lean FI). Those peopl...

4 Huhti 20221h 29min

288: Finance Friday: Am I Investing Fast Enough to Retire Early in Portugal?

288: Finance Friday: Am I Investing Fast Enough to Retire Early in Portugal?

Passive income is a must, especially if you’re trading your life in America to start living in Portugal. Why Portugal? Besides the climate, coastline, and comfortable cost of living, Portugal allows t...

1 Huhti 20221h 15min

287: How to Ask for a Raise (and Actually Get It!) w/Kassandra Dasent

287: How to Ask for a Raise (and Actually Get It!) w/Kassandra Dasent

Do you know how to ask for a raise? If you’re like most people, you probably think that we’re asking a rhetorical question. If you think it’s as easy as simply walking up to your boss, asking for more...

28 Maalis 202253min

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