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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350: Why We Turned Down a 5% Rate Mortgage | Mindy & Carl’s Budget Review

350: Why We Turned Down a 5% Rate Mortgage | Mindy & Carl’s Budget Review

Margin loans, medium-term rentals, and potential mortgage rate mistakes summarize what Carl and Mindy have been up to over the past couple of months. It’s been a minute since we’ve checked in on the e...

4 Nov 202241min

349: When to Buy New vs. Used and is That Car Repair Worth the Cash?

349: When to Buy New vs. Used and is That Car Repair Worth the Cash?

The new vs. used car debate has been going on for as long as automobiles have existed. For almost the entirety of time when cars were being bought and sold, it seemed like a responsible, frugal decisi...

31 Okt 20221h 18min

348: Finance Friday: How to Start Investing After Becoming Debt-Free

348: Finance Friday: How to Start Investing After Becoming Debt-Free

Unless you’re a money nerd, knowing how to start investing from scratch isn’t as easy as it seems. With so many options out there and the economy faltering, how do beginners avoid getting burnt? Is so...

28 Okt 20221h 5min

347: Why “Just Keep Buying” is The Smartest, Simplest Way to Get Rich

347: Why “Just Keep Buying” is The Smartest, Simplest Way to Get Rich

Dollar-cost averaging—you may have heard the term before, but maybe not its implications. According to Nick Maggiulli, it’s probably the easiest way to get rich with stocks, real estate, or really any...

24 Okt 202254min

346: Finance Friday: How Sabbaticals Make You Happier, Healthier, and Wealthier

346: Finance Friday: How Sabbaticals Make You Happier, Healthier, and Wealthier

Taking a sabbatical from work requires a few things: time, money, and the willpower to do some soul-searching. Most people think that they can’t take any more than two weeks of the year off work. They...

21 Okt 202253min

345: Divorced and $250K in Debt to Financially Free in 10 Years

345: Divorced and $250K in Debt to Financially Free in 10 Years

We know financial freedom is possible for those in their 20s and 30s, just starting their careers, without children and serious financial obligations. But what about those getting started on their jou...

17 Okt 202255min

344: Rethink Social Security: Myths, Benefits, and Clearing Up Misconceptions

344: Rethink Social Security: Myths, Benefits, and Clearing Up Misconceptions

Everything you’ve been hearing about social security is a lie. For years, mainstream media and many financial figureheads have said that social security is on a fast track to bankruptcy, with no money...

14 Okt 202254min

343: Is Now the Time to Buy as The Housing Market Starts to Dip?

343: Is Now the Time to Buy as The Housing Market Starts to Dip?

The 2022 housing market doesn’t make a whole lot of sense. At the start of the year, competition was fierce, with bidding wars on every home and lines out the door just to view an open house. Now, in ...

10 Okt 202256min

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