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)

173: Bringing in The ‘Dough’ with Brent TheFoodTruckCEO (Part 2)

173: Bringing in The ‘Dough’ with Brent TheFoodTruckCEO (Part 2)

Welcome to episode 173.5! Yesterday you heard from Brent, a former registered nurse who paid off over $100,000 in debt and started a mobile pizza truck! Brent’s original interview was recorded back in...

23 Feb 20211h 1min

173: Leaving "Soul Crushing" Corporate to Chase Food Truck Dreams with Brent TheFoodTruckCEO (Part 1)

173: Leaving "Soul Crushing" Corporate to Chase Food Truck Dreams with Brent TheFoodTruckCEO (Part 1)

What does the average person do in their 20s? For most people, it means going into student debt, getting a car loan, getting a mortgage, and treating yourself. These are the “average financial decisio...

22 Feb 20211h 1min

172: Finance Friday: Why You Don’t Need to Sacrifice Everything to Hit Financial Freedom with Jeff

172: Finance Friday: Why You Don’t Need to Sacrifice Everything to Hit Financial Freedom with Jeff

Jeff, like many listeners, feels as if there is enough money coming in every month, but somehow it’s slipping out, not allowing him and his wife to hit financial independence. A big reason this could ...

19 Feb 20211h 28min

171: Putting Happiness Over a Bigger Paycheck with Brandon Richard Austin

171: Putting Happiness Over a Bigger Paycheck with Brandon Richard Austin

Most people would consider $80,000 a year a respectable salary, but what if you were making that much during college? That’s what today’s guest, Brandon Richard Austin, made in his sophomore year. As ...

15 Feb 20211h 1min

170: Finance Friday: Trading Debt for Cash Flow and Liquidity with Teacher Erik

170: Finance Friday: Trading Debt for Cash Flow and Liquidity with Teacher Erik

Erik and his wife have three big debts to tackle: their mortgage on their primary residence, their mortgage on their rental property, and a HELOC (home equity line of credit) taken out as the down pay...

12 Feb 20211h 16min

169: Breaking the Taboo of Talking About Money with Friends, Family, and Bosses with Erin Lowry from Broke Millennial

169: Breaking the Taboo of Talking About Money with Friends, Family, and Bosses with Erin Lowry from Broke Millennial

It’s not always comfortable talking about money, especially with close friends, family members, partners, or even bosses. How did salary, savings, and investing become such a taboo subject to talk abo...

8 Feb 20211h 1min

168: Finance Friday: Budgeting Expenses While Living on The Road with Renewable Energy Worker Clayton

168: Finance Friday: Budgeting Expenses While Living on The Road with Renewable Energy Worker Clayton

A big piece of advice given by many wealthy people and real estate professionals is to simply “get started when you’re young”. This is exactly what our guest has done today. Clayton, a renewable energ...

5 Feb 20211h 5min

167: From Fired to FI Couple in 2 Years with Josh and Ali

167: From Fired to FI Couple in 2 Years with Josh and Ali

Most people are told the same thing growing up, “go to college and take out a loan, get a car and take out a loan, live in a nice apartment even if it’s expensive”. This is exactly what Josh and Ali, ...

1 Feb 20211h 42min

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