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)

334: Finance Friday: The 5 Questions to Ask if You Want to Fast-Track FI

334: Finance Friday: The 5 Questions to Ask if You Want to Fast-Track FI

If someone told you that financial freedom could be achieved by traveling the world, you probably wouldn’t believe them. How can going on a work vacation to Europe make you richer? Surprisingly, doing...

9 Sep 202247min

333: From Broke at 40 to FI at 50 While Raising 4 Kids

333: From Broke at 40 to FI at 50 While Raising 4 Kids

In the early retirement movement, becoming a millionaire is a crucial part of the financial path. While everyone has different spending habits, the first million will allow you to start pivoting so yo...

5 Sep 202253min

332: Handling Finances as a Couple: Individual, Combined, or a Bit Of Both?

332: Handling Finances as a Couple: Individual, Combined, or a Bit Of Both?

Having shared finances, for most couples, is an automatic thing to do once married or after being together for many years. It seems natural to want to combine income, expenses, and investments all in ...

2 Sep 202257min

331: From Food Stamps to Six-Figure Flips and Debt-Free On a Teacher’s Salary

331: From Food Stamps to Six-Figure Flips and Debt-Free On a Teacher’s Salary

How would a six-figure side hustle change your financial picture? Think of the possibilities—being able to travel, becoming debt-free, or even buying your dream home. For most Americans, income is cap...

29 Aug 20221h 1min

330: The Ultimate Teen Money Hack for Parents

330: The Ultimate Teen Money Hack for Parents

You’ve heard of money hacks before, but probably not like this. For the teenagers and parents of teenagers listening, this episode will give you everything you need to make yourself, or your child, fi...

26 Aug 202245min

329: From Extreme Poverty to DIY Wealth and 2 Full-Time Incomes w/The She Wolfe of Wall Street

329: From Extreme Poverty to DIY Wealth and 2 Full-Time Incomes w/The She Wolfe of Wall Street

Wealth-building isn’t a pre-formulated path for most people. For those raised in poverty, the thought of financial stability seems like a far-out dream. Achieving financial independence or early retir...

22 Aug 20221h 6min

328: The Best Alternative Investment No One Knows About w/Alex Breshears and Beth Johnson

328: The Best Alternative Investment No One Knows About w/Alex Breshears and Beth Johnson

For average investors, private money lending has been mentally squared away as “something mega-wealthy people do.” Most investors will write off lending money because they think they lack the experien...

19 Aug 20221h 43min

327: Why the Stock Market Should NOT Scare You (Even As It Crashes) w/Brian Feroldi

327: Why the Stock Market Should NOT Scare You (Even As It Crashes) w/Brian Feroldi

A stock market crash looks like bad news. The world is ending and everything is down. There won’t be any more profits to take…until the stock market gets back on track, which it always does. We’re not...

15 Aug 202250min

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