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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366: The Repeatable Steps to Financial Freedom in 4 Years w/TheFICouple

366: The Repeatable Steps to Financial Freedom in 4 Years w/TheFICouple

Financial independence means something different to everyone. For some, it means having enough to not worry about being laid off. For others, it could mean making more money to buy a yacht, but for Al...

26 Dec 202252min

365: Finance Friday: How to Become Real Estate Ready in 2023

365: Finance Friday: How to Become Real Estate Ready in 2023

Don’t know how to become a millionaire? There’s a pretty simple formula for seven-figure wealth that the average American doesn’t know about. It isn’t complicated, but it does take a fair amount of ti...

23 Dec 202259min

364: Divorce: The Biggest Marriage and Money Mistakes to Avoid

364: Divorce: The Biggest Marriage and Money Mistakes to Avoid

Everyone makes financial mistakes, even those that we trust with money the most. Rachel “Money Honey” Richardsto many people online is the epitome of someone who has their finances locked down. She gr...

19 Dec 202255min

363: Finance Friday: Savings Stuck At Zero? Here’s How to Grow Your Bank Account

363: Finance Friday: Savings Stuck At Zero? Here’s How to Grow Your Bank Account

Once you know how to save money, you can start stacking those savings to buy real estate and businesses or invest in long-term wealth-building investment accounts. But, without a steady stream of savi...

16 Dec 202257min

362: Scott Trench’s Step-by-Step Guide to Building Your Perfect, 1-Page Investment Plan

362: Scott Trench’s Step-by-Step Guide to Building Your Perfect, 1-Page Investment Plan

A financial plan puts you on the path to long-term wealth and a life rich in time freedom. So why don’t most Americans have one? Everyday workers are often so focused on paying bills and having a sliv...

12 Dec 202245min

361: Finance Friday: Got Extra Cash? Here’s the Investment Plan for You

361: Finance Friday: Got Extra Cash? Here’s the Investment Plan for You

Retirement planning is something best started early on. The more time you give yourself to invest, the faster your accounts can grow, giving you early financial independence well before the age of six...

9 Dec 202249min

360: Year-End Tax Tips and How to Owe Even Less in 2023

360: Year-End Tax Tips and How to Owe Even Less in 2023

If you talk about how to avoid taxes, most people will think you’re doing something fishy in the eyes of the IRS. Very few know you can use the tax code to massively lower your year-end burden, all wh...

5 Dec 202241min

359: Finance Friday: My Home Renovation Put Me in a HELOC Hole

359: Finance Friday: My Home Renovation Put Me in a HELOC Hole

The house hack strategy doesn’t always run smoothly. Turning an old home into a modern, rentable masterpiece takes money—especially if you’re doing a big renovation. One of the easiest ways to get the...

2 Dec 202258min

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