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(742)

463: How to Teach Your Kids About Money (Saving, Investing, Spending, and FIRE)

463: How to Teach Your Kids About Money (Saving, Investing, Spending, and FIRE)

Teaching your kids about money is one of the most CRUCIAL parts of parenting. So why do so many Americans completely neglect financial literacy for kids? Is it too awkward of a subject? Do parents fee...

30 Okt 202344min

462: Finance Friday: Could a Franchise Fuel My FIRE in 10 Years (Or Less)?

462: Finance Friday: Could a Franchise Fuel My FIRE in 10 Years (Or Less)?

Want to reach FIRE long before you’re sixty-five? If you make a decent income, invest diligently, and watch your spending, you STILL could fall into the “trap” most FIRE-chasers find themselves in. By...

27 Okt 20231h 3min

461: How to Pull Yourself Out of Car, Student, or Credit Card Debt

461: How to Pull Yourself Out of Car, Student, or Credit Card Debt

You want to retire, but you’ve got credit debt, auto loans, and student loans. It feels like every time you get your paycheck, it quickly slips away, and at the end of every month, you’re left in the ...

23 Okt 202343min

460: The Fast Road to FIRE and Our Housing Market Crash Predictions | Ask Mindy and Scott

460: The Fast Road to FIRE and Our Housing Market Crash Predictions | Ask Mindy and Scott

Will the housing market crash? If you’re like most Americans, the economy is starting to feel a bit unsettling. But, with so many homeowners locked into low mortgage rates or owning their homes outrig...

20 Okt 202337min

459: Divorce Season: How to Protect Your Financial Future During Separation

459: Divorce Season: How to Protect Your Financial Future During Separation

Marriage and money are known for mixing like oil and water, but a little financial knowledge will allow you to navigate these sensitive issues with confidence. Today’s guest is an expert on this front...

16 Okt 202348min

458: Finance Friday: Pay Off Debt, Invest in Real Estate, or…Buy Vending Machines?

458: Finance Friday: Pay Off Debt, Invest in Real Estate, or…Buy Vending Machines?

What if one part-time side hustle could replace your entire income? Even better, what if you could keep your full-time job and spend a few hours a week making thousands extra a month, raking in cash, ...

13 Okt 202345min

457: Money and Relationships: How to Have “The Talk” Before It’s Too Late w/Vivian Tu AKA “Your Rich BFF”

457: Money and Relationships: How to Have “The Talk” Before It’s Too Late w/Vivian Tu AKA “Your Rich BFF”

Vivian Tu, AKA “Your Rich BFF,” is the internet’s expert on money and personal finance. She was doing schoolyard trades before she worked on Wall Street, and now, as the host of Networth and Chill, sh...

9 Okt 202342min

456: The Harsh Reality Real Estate Syndicators (and Investors) Face in 2024

456: The Harsh Reality Real Estate Syndicators (and Investors) Face in 2024

Many real estate syndications are facing absolute failure in 2023. But, even if you aren’t investing in any, this could be a learning experience like no other to help you build your wealth in the futu...

6 Okt 202357min

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