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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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

478: Need Funds for Your Business? How to Get FREE Money Through Business Grants

478: Need Funds for Your Business? How to Get FREE Money Through Business Grants

Are you sitting on an amazing business idea? Knowing how to get money to start a business is a critical first step to getting your concept off the ground. While there are all kinds of funding options,...

8 Dec 202340min

477: Year-End Tax Planning Tips You NEED to Know Before the 2024 Tax Season

477: Year-End Tax Planning Tips You NEED to Know Before the 2024 Tax Season

With 2024 right around the corner, it’s time for a final year-end tax planning push! There are all kinds of ways to pay less to the IRS, and today’s guest is here to help you save as much money as pos...

6 Dec 202343min

476: The Real-Life Girlboss: How I Built Nasty Gal to a $100M Business

476: The Real-Life Girlboss: How I Built Nasty Gal to a $100M Business

Nasty Gal went from an eBay side hustle to a business doing $100M in sales in under a decade. Behind it was the most famous “Girlboss” in America, Sophia Amoruso. She had no business experience, manag...

5 Dec 202346min

475: How to Get Rich Without Investing in Real Estate

475: How to Get Rich Without Investing in Real Estate

You want to know how to get rich. But you probably don’t want to deal with the tenants, toilets, trash, and constant headaches of investing in real estate. And even as the world’s biggest resource for...

1 Dec 202338min

474: Mindy and Scott's Favorite Sleepaway Camp for FIRE Chasers

474: Mindy and Scott's Favorite Sleepaway Camp for FIRE Chasers

Deep in the forest, a secret financial independence summer camp is being held. Multiple times a year, all across the country, millionaires, financial freedom achievers, and those still on or just star...

29 Nov 202335min

473: Holiday Shopping Hacks That’ll Save You Hundreds (or Thousands) This Season

473: Holiday Shopping Hacks That’ll Save You Hundreds (or Thousands) This Season

The 2023 holiday shopping season is here, and you know what that means…gifts, trips, and LOTS of spending. If you love the holiday season but are more into frugal festivities, we have just the episode...

28 Nov 202333min

472: All the Money Hacks We WISH We Had Known About (ENCORE Episode!)

472: All the Money Hacks We WISH We Had Known About (ENCORE Episode!)

Happy Thanksgiving! This Turkey Day, we're giving you an encore of one of our favorite episodes on the money hacks EVERYONE should know about! This was one of our top shows of last year and will teach...

24 Nov 202355min

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