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

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510: Morgan Housel: Financial Lessons From History Anyone Can Use to Get Rich

510: Morgan Housel: Financial Lessons From History Anyone Can Use to Get Rich

Morgan Housel’s ground-breaking book, The Psychology of Money, changed how many Americans thought about saving, spending, and investing. Through a collection of financial lessons, Morgan opened up new...

12 Mars 202448min

509: How to Build, Grow, Scale, and SELL Your Online Business

509: How to Build, Grow, Scale, and SELL Your Online Business

If you want to make money online in 2024, good news: it’s easier than ever! Just ask today’s guest, who had to bootstrap his online business before you could launch a business with little to no startu...

8 Mars 202436min

508: Budgeting Tips for Families Living on ONE Income

508: Budgeting Tips for Families Living on ONE Income

Can you really be a one-income family in 2024? Not if you don’t know how to budget! To achieve her money goalswhile living on a single middle-class income, Emy knew she had to take control of her fina...

5 Mars 202434min

507: The Path to Early FI, Transferring 401(k) Funds, & Wiping Out Bad Car Debt

507: The Path to Early FI, Transferring 401(k) Funds, & Wiping Out Bad Car Debt

Everyone wants to reach financial independence as soon as possible. But if you really want to get on the path to early FI, you’ve got to start making savvy money decisions TODAY. And we’ve got a few t...

1 Mars 202440min

506: How to Use Your Money "Archetype" to Address Your Biggest Financial Burdens

506: How to Use Your Money "Archetype" to Address Your Biggest Financial Burdens

After tremendous research, the “MoneyType” quiz was finally released. All you need to do is answer some basic questions, and in a matter of minutes, you’ll know your biggest financial strengths and bu...

27 Feb 202437min

505: Need a Financial Advisor? Start Here!

505: Need a Financial Advisor? Start Here!

Most financial advisors aren’t what they seem. They paint themselves as stewards of your financial security, carefully analyzing every investment they put your money into. But that’s far from the trut...

23 Feb 202424min

504: Early Retirement at 36 by Doing What EVERY Entrepreneur Should

504: Early Retirement at 36 by Doing What EVERY Entrepreneur Should

If you want to reach early retirement, especially in your thirties, you’ll need to take some big risks. Today’s guest turned down what would have been a dream salary to many people, choosing to work f...

20 Feb 202436min

503: How to Keep MORE of Your Inheritance From the IRS (Avoid These Tax Mistakes!)

503: How to Keep MORE of Your Inheritance From the IRS (Avoid These Tax Mistakes!)

With solid tax planning, receiving an inheritance could provide an enormous boost on your journey to financial freedom. One misstep, on the other hand, and you could be lining Uncle Sam’s pockets. For...

16 Feb 202440min

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