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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213: Retiring in 6 Years After 20 Years of Money Mistakes

213: Retiring in 6 Years After 20 Years of Money Mistakes

Growing up in Mexico, Saul Tijerina didn’t fully understand the concept of financing. It wasn’t that he couldn’t conceptualize financing, it was more that he wasn’t around it enough to think of it as...

12 Heinä 20211h 33min

212: Finance Friday: When Should You Pause Your Retirement Contributions?

212: Finance Friday: When Should You Pause Your Retirement Contributions?

Starting a strong financial position in your youth is probably the most important thing you can do to hit financial independence. Sometimes that strong position includes maxing out retirement accounts...

9 Heinä 20211h 6min

211: From -$28k in Debt to $107k Net Worth by Cutting Out the Unnecessary

211: From -$28k in Debt to $107k Net Worth by Cutting Out the Unnecessary

It’s nice to hear a fan of the BiggerPockets Money Show talk about how they are on the path to financial freedom. It’s even nicer when we hear that the fan, Melissa Yi, went from a negative net worth ...

5 Heinä 20211h 12min

210: Finance Friday: Should I Leave Teaching to Pursue Greater Income?

210: Finance Friday: Should I Leave Teaching to Pursue Greater Income?

Teachers do a lot more than we give them credit for (as shown throughout the past year and a half), but sadly, they don’t get paid terribly high salaries. Today’s guest, Stephanie, is a music teacher ...

2 Heinä 20211h 5min

209: Creating Financial Runway to Start a 7-Figure Business w/ Bola Sokunbi

209: Creating Financial Runway to Start a 7-Figure Business w/ Bola Sokunbi

Growing up, Bola Sokunbi had some serious financial influence from her parents. Her father would tell her “Don’t be penny wise and pound foolish” while her mom showed her the importance of being an in...

28 Kesä 20211h 6min

208: Finance Friday: 23 Years Old, Steady Pay, Low Income, Should I Invest?

208: Finance Friday: 23 Years Old, Steady Pay, Low Income, Should I Invest?

We’ve said it before and we’ll say it again: it’s never too early to start your journey to financial independence. Today we talk to Mackenzie, a 23-year-old college graduate, working a government job ...

25 Kesä 20211h 8min

207: Comfortably Retiring in Her 40s as a Single Mom with $850k Net Worth

207: Comfortably Retiring in Her 40s as a Single Mom with $850k Net Worth

Part of the reason we started the BiggerPockets Money Show was to share financial stories from all different backgrounds, giving you, the listener, confidence to reach your financial goals regardless ...

21 Kesä 20211h 6min

206: Finance Friday: The 7-Step Plan to Financial Freedom

206: Finance Friday: The 7-Step Plan to Financial Freedom

For most people, there tends to be a specific point in your life when you think, “I want to travel” or “I want to spend time pursuing my passions”. For today’s guest Ainsley, this happened about two y...

18 Kesä 20211h 24min

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