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)

263: Becoming Debt-Free and Generating $320,000/Year from Simple Side Hustles w/Jannese Torres-Rodriguez

263: Becoming Debt-Free and Generating $320,000/Year from Simple Side Hustles w/Jannese Torres-Rodriguez

Most people assume wealth is built from a singular source, but the most successful people have multiple streams of income. 2020 was the year of the side hustle. People started to find ways to monetize...

3 Jan 20221h 15min

262: Prenups, Projects, Prolific Spending, and Planning for 2022 w/ Carl & Mindy Jensen

262: Prenups, Projects, Prolific Spending, and Planning for 2022 w/ Carl & Mindy Jensen

Mindy may seem like a financial superhero to most listeners of the Money Podcast, but she’s nothing without her financial education inspiring partner, Carl Jensen. Carl is known quite well around the ...

31 Des 20211h 5min

261: Stop Taking Money So Seriously w/ Joe Saul-Sehy & Emily Guy Birken

261: Stop Taking Money So Seriously w/ Joe Saul-Sehy & Emily Guy Birken

Building wealth takes decades with some serious hard work and many, many mistakes along the way. The problem? Most financial independence chasers see themselves as having to be perfectionists. Every i...

27 Des 20211h 3min

260: Finance Friday: How to Hit $10M Net Worth in 10 Years (Or Less)

260: Finance Friday: How to Hit $10M Net Worth in 10 Years (Or Less)

Stocks vs. real estate is a regular feud among many financially savvy forums on the internet. While some investors love the passive aspect of stocks, other investors love the tax savings and flexibili...

24 Des 20211h 6min

259: Pensions 101: Are Pensions Worth It? w/ Grumpus Maximus

259: Pensions 101: Are Pensions Worth It? w/ Grumpus Maximus

If you need pension funds explained, there’s no better person to talk to than the internet’s leading voice on all things pensions and retirement, Grumpus Maximus. After spending twenty or so years in ...

20 Des 20211h 15min

258: Finance Friday: Are “High Cash Flow” Rentals Still Realistic in 2022?

258: Finance Friday: Are “High Cash Flow” Rentals Still Realistic in 2022?

A common debate in real estate is cash flow vs. appreciation. While some investors rely on their rental property income to reach FI, others argue that appreciation will provide them the equity gain to...

17 Des 20211h 11min

257: 20 Year-Old Minimum Wage Marine with $850k in Real Estate

257: 20 Year-Old Minimum Wage Marine with $850k in Real Estate

We have a lot of impressive guests on the show, and they just seem to get younger with every new episode. You’ve heard the stories of people in their twenties buying rentals, people in their thirties ...

13 Des 20211h 29min

256: Finance Friday: Financial Independence in 5 Years w/ Short-Term Rentals

256: Finance Friday: Financial Independence in 5 Years w/ Short-Term Rentals

There are many ways to fund your nest egg. You could outright save, or you could invest in index funds, rental properties, or short-term rentals like today’s guest, Charlotte from Charlotte. Working a...

10 Des 20211h 7min

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