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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486: JL Collins: You Don’t Need to Be Rich to Reach Financial Independence

486: JL Collins: You Don’t Need to Be Rich to Reach Financial Independence

JL Collins is one of the most respected authors in the financial independence community. His book, The Simple Path to Wealth, became the FIRE movement bible, giving clear, concise, easy-to-follow, and...

2 Jan 202448min

485: How to Start Thinking, Acting, and Investing Like the Rich

485: How to Start Thinking, Acting, and Investing Like the Rich

Everyone wants to know how to get rich. And here’s the truth: getting rich might be much easier than you think. While most people would assume the wealthy grind their way to success, this isn’t always...

29 Dec 202341min

484: The Late Starter’s Guide to Financial Independence (Even in Your 50s!) | ENCORE EPISODE

484: The Late Starter’s Guide to Financial Independence (Even in Your 50s!) | ENCORE EPISODE

Ho ho ho! We hope you had a holly, jolly, frugal, and festive holiday season. With the BiggerPockets elves off tinkering to make even greater shows for next year, we bring you one of our FAVORITE epis...

26 Dec 202349min

483: Lean FI in 6 Years, Fat FI in 10, and Quitting Your Job The FIRE Way

483: Lean FI in 6 Years, Fat FI in 10, and Quitting Your Job The FIRE Way

At twenty-nine years old, Andy Johnson had achieved lean FIRE. He had enough to survive but not enough to make his future family comfortably financially free. All he needed to do was work a little lon...

22 Dec 202348min

482: How I Turned My Tiny Side Hustle into a Multi-Million Dollar Business

482: How I Turned My Tiny Side Hustle into a Multi-Million Dollar Business

How do you turn a TINY side hustle into a full-on income stream? Even more, how do you make your side hustle a multimillion-dollar business that employs dozens of people and gives you the financial fr...

19 Dec 202346min

481: Building a $1 Million Net Worth in Only 3 Years by Investing in Real Estate

481: Building a $1 Million Net Worth in Only 3 Years by Investing in Real Estate

Most people know that investing in real estate is one of the best ways to reach financial independence, but very few ever take action. Once today’s guest discovered the potential of real estate, howev...

15 Dec 202353min

480: The Millionaire Fast-Track: How to Hit Financial Freedom Before 30

480: The Millionaire Fast-Track: How to Hit Financial Freedom Before 30

This eighteen and twenty-two year old are on track to reach financial freedom by the age of thirty. And if you think that you can’t make big money moves because you don’t have the experience, resource...

13 Dec 202350min

479: How to Become a “Quiet” Millionaire and Avoid the Financial Guru Trap

479: How to Become a “Quiet” Millionaire and Avoid the Financial Guru Trap

Don’t strive to become rich. Instead, become a “quiet” millionaire like Tae Kim, the “Financial Tortoise.” You’ve seen the flashy cars, fancy champagne, and private jets of the online financial “gurus...

12 Dec 202344min

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