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(743)

415: Finance Friday: How to Achieve Your “Dream Life” Decades Before Retirement

415: Finance Friday: How to Achieve Your “Dream Life” Decades Before Retirement

Retirement is always some far-off goal. When you’re older and much more wealthy, you can live the golden years of your life without a care in the world. The problem? None of us know how much time we h...

26 Mai 202348min

414: Nicole Lapin's Money Hacks to Rehab Your Finances & Say Goodbye to Bad Debt

414: Nicole Lapin's Money Hacks to Rehab Your Finances & Say Goodbye to Bad Debt

Wish you had a few money hacks to help with things like getting out of debt, finding the right assets to invest in, and growing your nest egg? The average person may not even know where to start! Toda...

22 Mai 202342min

413: Finance Friday: How to Use Your Home to Retire YEARS Earlier

413: Finance Friday: How to Use Your Home to Retire YEARS Earlier

Early retirement is possible for almost anyone, no matter where you start or how much you make. If you can sacrifice and save more than you spend, there’s a good chance you could retire years or even ...

19 Mai 202353min

411: How to “Quiet Quit” Your 9-5 Job and Become a Full-Time Boss

411: How to “Quiet Quit” Your 9-5 Job and Become a Full-Time Boss

While the job of a full-time content creator might seem glamorous from the outside looking in, make no mistake—there’s plenty of work involved, and it’s not always easy to get your business off the gr...

15 Mai 202353min

410: From Homeless at 14 to Debt-Free Homeowner AFTER Prison Time

410: From Homeless at 14 to Debt-Free Homeowner AFTER Prison Time

A debt-free homeowner with an emergency fund and a keen eye for personal finance? A few years ago, Jazmyn Gray wouldn’t have dreamed that’s how her life turned out. From a young age, Jazmyn was thrown...

12 Mai 202351min

409: How to Use Your First Home to Fast-Track Wealth

409: How to Use Your First Home to Fast-Track Wealth

As a first-time home buyer, you may be struggling to make a move. And who can blame you? In 2023, with high mortgage rates and stiff competition, more and more would-be home buyers are staying put as ...

8 Mai 202357min

408: Finance Friday: Why Retiring Early Isn’t As Simple As You Think

408: Finance Friday: Why Retiring Early Isn’t As Simple As You Think

Early retirement is the holy grail of financial freedom. With a large enough nest egg, you no longer have to work, giving you the time to spend with your family and friends or do whatever you want. Th...

5 Mai 202349min

407: 8 Rentals in 8 Years and Unlocking MASSIVE Tax Breaks with One Career Move

407: 8 Rentals in 8 Years and Unlocking MASSIVE Tax Breaks with One Career Move

Think it might be too late for you to enjoy the spoils of real estate investing? Well, you’d be wrong! Regardless of age, background, or financial circumstances, it’s never too late to switch careers ...

1 Mai 202358min

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