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)

342: Finance Friday: Financially Independent, But Not Feeling “Free”

342: Finance Friday: Financially Independent, But Not Feeling “Free”

Financial independence isn’t for everyone. That comes as a surprise for most of us within the personal finance community. Whether we like it or not, the “save, invest, and grind” until you can retire ...

7 Okt 202253min

341: Money with Katie’s Middle-Class Myths and The Great Roth vs. 401K Debate

341: Money with Katie’s Middle-Class Myths and The Great Roth vs. 401K Debate

Katie Gatti Tassin from Money with Katie had her “financial awakening” earlier than most. She saw the middle-class wealth trap of working, spending, and repeating for what it really was. This cash-gob...

3 Okt 20221h

340: Finance Friday: When Rental Property Investing Doesn’t Make Sense

340: Finance Friday: When Rental Property Investing Doesn’t Make Sense

Over the past two years, short-term rental investing has become a financial lifeline for those that are trying to make extra income. A small one or two-bedroom basement, garage apartment, or mother-in...

30 Sep 20221h 13min

339: From Sociology Major to Seven-Figure Agent Commissions

339: From Sociology Major to Seven-Figure Agent Commissions

Everyone knows that real estate agent commissions are hefty. Those who have sold a house in the past few years may look at their settlement agreement and wonder where those tens of thousands of dollar...

26 Sep 20221h 19min

338: Finance Friday: How to Become Debt-Free 20 Years Faster Than You Thought

338: Finance Friday: How to Become Debt-Free 20 Years Faster Than You Thought

Student loan debt—the gift that keeps on giving with interest, stress, and the overwhelming feeling that you won’t be able to pay them off. The larger the loan, the heavier the weight on your shoulder...

23 Sep 20221h 1min

337: College is NOT for EVERYONE: Joining the Military & Become Financially Free

337: College is NOT for EVERYONE: Joining the Military & Become Financially Free

College isn’t the only option after high school. In fact, it’s not even the best option. Typically, twenty-two-year-olds fresh out of college are launched into the workforce with a lot of debt and lit...

19 Sep 202256min

336: Finance Friday: Six-Figure Passive Income in Just 4 Years!

336: Finance Friday: Six-Figure Passive Income in Just 4 Years!

Becoming a millionaire by 30 is almost every 20-or-something-year-old’s dream. But what if you want to go even further? Instead of seven-figure net worth, what about an eight-figure net worth? Would t...

16 Sep 202255min

335: The (Almost) Guaranteed Way to 31x Your Investments

335: The (Almost) Guaranteed Way to 31x Your Investments

What do timing the market and a circle have in common? There’s no point, literally and figuratively. Some people would like to have you think they’ve cracked the code and there’s some secret formula. ...

12 Sep 202244min

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