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)

270: Finance Friday: How to Achieve “Financial Flexibility” on a $65K/Year Salary

270: Finance Friday: How to Achieve “Financial Flexibility” on a $65K/Year Salary

Financial flexibility is one of the hidden stages along the path to financial independence. When you hit financial flexibility, you have far more choices than you did before. You can invest more, spen...

28 Tammi 20221h 18min

269: From Filing Bankruptcy to $1.4 Million in Income Producing Assets

269: From Filing Bankruptcy to $1.4 Million in Income Producing Assets

Today’s guest, Jennifer Grimson, is a prime example that every problem has a solution.  Jennifer has always been a hard worker so she had no problem working through college as she aspired to be a fore...

24 Tammi 20221h 29min

268: Finance Friday: Why You Should Focus on ‘Hitting Singles’ for Early Retirement

268: Finance Friday: Why You Should Focus on ‘Hitting Singles’ for Early Retirement

Expats and rental portfolios go together like peanut butter and jelly. It’s no surprise that a fair amount of retired globetrotters owe their freedom to real estate investing. While many real estate i...

21 Tammi 202257min

267: Student Loans Update: Repayment, Refinancing, and Potential Forgiveness w/Robert Farrington

267: Student Loans Update: Repayment, Refinancing, and Potential Forgiveness w/Robert Farrington

Student loan forgiveness was a hot topic during the 2020 election cycle. With so many outstanding student loan payments, will the government step in to wipe out the debt? While many theorize about thi...

17 Tammi 202248min

266: Finance Friday: How to Pay Off Bad Debt + When Is Life Insurance Worth It?

266: Finance Friday: How to Pay Off Bad Debt + When Is Life Insurance Worth It?

Bad debt is more common than it seems. Many people you know have a car loan, personal loan, credit card loan, or some other form of high(er) interest debt. If you find yourself with bad debt, the firs...

14 Tammi 20221h 20min

Protecting Your Home (and Wealth!) When a Natural Disaster Strikes w/ Steve Longenecker (Bonus Episode)

Protecting Your Home (and Wealth!) When a Natural Disaster Strikes w/ Steve Longenecker (Bonus Episode)

Home insurance isn’t the sexiest topic, but in the world of financial independence, predictability is quite an attractive trait to have. That’s why money nerds across the world value insurance as a na...

12 Tammi 202247min

265: Death and Finances: What to Do (Before and) After A Loved One Passes w/ Allison Nichol Longtin

265: Death and Finances: What to Do (Before and) After A Loved One Passes w/ Allison Nichol Longtin

Death and finances can arguably be called the two things that people hate talking about most. Unfortunately, these are two topics that cannot be kept in the dark, as we all must deal with loss, both e...

10 Tammi 20221h 9min

264: Finance Friday: Passive Income, Syndications, Real Estate, and Retirement

264: Finance Friday: Passive Income, Syndications, Real Estate, and Retirement

“Can I retire yet?” If you’re today’s guest Jenn, then the short answer is a resounding “yes”. And if you aren’t Jenn, you’ll probably want to be in her position upon retirement. Jenn has a lot of inc...

7 Tammi 20221h 11min

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