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(741)

205: From $50k in Debt to Financially Free in 2 Years w/ Lots of Ups & Downs

205: From $50k in Debt to Financially Free in 2 Years w/ Lots of Ups & Downs

There are lots of twists and turns throughout every investor's journey, but maybe not as many as Zeona McIntyre’s. Growing up with the words of Suze Orman in her ear, Zeona knew that there were a few ...

14 Jun 20211h 18min

204: Finance Friday: Single Mom Making 20% ROI on Detroit Rentals

204: Finance Friday: Single Mom Making 20% ROI on Detroit Rentals

We all know someone who hustles. Maybe it’s your sibling or your friend, or maybe you’re the hustler in your group. Those who hustle to make more money seem to always find new ways to bring in more ca...

11 Jun 20211h 10min

203: 14 Kids, One Income, and STILL Retiring 10 Years Early

203: 14 Kids, One Income, and STILL Retiring 10 Years Early

What’s your excuse for not hitting financial freedom? Maybe you work at a low paying job, maybe you only have one income for your household, or maybe you’re caring for a few kids, limiting the income ...

7 Jun 20211h 19min

202: Finance Friday: How Should I Plan Ahead to Leave College Debt-Free?

202: Finance Friday: How Should I Plan Ahead to Leave College Debt-Free?

Most 21-year-olds aren’t thinking about Roth IRAs, early retirement, house hacking, or graduating college debt-free. But today’s guest, Anthony, is! Anthony is currently a student in community college...

4 Jun 202156min

201: Don’t Delay Your Wealth by Being Scared of “Good Debt” w/ Jake Simon

201: Don’t Delay Your Wealth by Being Scared of “Good Debt” w/ Jake Simon

How do you think about debt? Most of us would shudder to think of having high-interest consumer debt in our lives, and for good reason. Consumer debt can lead to a detrimental financial future and ton...

31 Mai 20211h 11min

200: Episode 200 Special: A Personal Finance Masterclass with Kyle Mast

200: Episode 200 Special: A Personal Finance Masterclass with Kyle Mast

We love when guests come back on the show, especially when that guest is Kyle Mast. You may have heard him back on episodes 41 & 84, but now he’s here to celebrate our 200th episode with us! Scott and...

28 Mai 20211h 26min

199: Is It Worth $500,000+ In Student Debt for Higher Paying Careers?

199: Is It Worth $500,000+ In Student Debt for Higher Paying Careers?

The average American takes a long time to pay off debt, especially student loan debt. These amounts can vary, some people have a few thousand in student loan debt, others have tens of thousands, but w...

24 Mai 20211h 3min

198: Finance Friday: Are You Spending Too Much Time on Low-Pay Jobs?

198: Finance Friday: Are You Spending Too Much Time on Low-Pay Jobs?

Many of you know that Mindy loves live-in-flips, and although she can definitely swing a hammer, she doesn’t have the skills of a finish carpenter, but today’s guests, Serafina & Darrin, do! Serafina ...

21 Mai 20211h 11min

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