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

Episoder(741)

502: The Money Apps, Habits, and Productivity Hacks That Helped Us Find FI

502: The Money Apps, Habits, and Productivity Hacks That Helped Us Find FI

These personal finance apps, tools, products, and habits helped us reach financial independence, and they can do the same for you. If you’re on the road to FIRE or have finally made it to financial fr...

13 Feb 202429min

501: Finance Friday: When to STOP Investing and Start Saving Cash Instead

501: Finance Friday: When to STOP Investing and Start Saving Cash Instead

Do you have a cash flow problem? You’re not alone! Dan invests in real estate, has a great W2 job, and maxes out his investment accounts. He wants to hit financial independence by forty, but his lack ...

9 Feb 202445min

500: FIRE Advice from Codie Sanchez, Ramit Sethi, Money with Katie, and More!

500: FIRE Advice from Codie Sanchez, Ramit Sethi, Money with Katie, and More!

After 500 BiggerPockets Money episodes, we’ve learned a thing or two about financial independence. But, for this special episode, we wanted to find some of the best advice we’ve ever received on the s...

6 Feb 202440min

499: How to Make Money as an Artist

499: How to Make Money as an Artist

Most people pursuing financial independence own businesses or have stable jobs, working as hard as they can to make any extra dollar, throwing their money into the stock market or real estate, and bet...

2 Feb 202441min

498: Paying Off $118K of Debt in 2 Years and Buying Real Estate (16 Units!)

498: Paying Off $118K of Debt in 2 Years and Buying Real Estate (16 Units!)

Real estate investing is a popular path to financial freedom, but if you’re not careful, bad debt can get in the way. Before today’s guest could buy rental properties, she had to deal with the mountai...

30 Jan 202439min

497: Persuasion Secrets and Predatory Practices Businesses Use on YOU

497: Persuasion Secrets and Predatory Practices Businesses Use on YOU

By the time you finish this episode, you’ll be ten thousand dollars richer. Just read this testimonial from a recent BiggerPockets Money listener, “I’m so rich now, I have no idea what to spend all my...

26 Jan 202439min

496: 24 Money Tips for 2024: How to Save on Rent AND Travel for Free!

496: 24 Money Tips for 2024: How to Save on Rent AND Travel for Free!

If you want to reach financial freedom, knowing how to save money is crucial. Today, Mindy and Kyle deliver some special tips that will help you save on housing, food, travel, and other common money c...

25 Jan 202411min

495: The Digital Nomad’s Guide to High-Income Skills and Making Money Online

495: The Digital Nomad’s Guide to High-Income Skills and Making Money Online

Learning high-income skills can help you make money online—and a LOT of it! Just ask today’s guest, who worked not one but SEVEN internships to develop professional skills that would help her launch s...

23 Jan 202451min

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