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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318: Finance Friday: The Median Earner’s Guide to Fast-Tracking FI

318: Finance Friday: The Median Earner’s Guide to Fast-Tracking FI

The “semi-retired” lifestyle seems to go against everything early retirement chasers have been taught. For years, it’s been pushed into our brains that “retirement” is one stark event. You retire once...

15 Juli 202257min

317: Early Retirement by 30 with $20K/Month in (Actually) Passive Income

317: Early Retirement by 30 with $20K/Month in (Actually) Passive Income

Early retirement is something people in their forties and fifties do, right? It would seem almost impossible for someone to retire in their mid/late twenties or early thirties without a large inherita...

11 Juli 20221h 1min

316: Spending Categories to Cut During a Downturn | Mindy & Carl’s Budget Review

316: Spending Categories to Cut During a Downturn | Mindy & Carl’s Budget Review

When building your budget, do you have a line designated for “economic downturn” or “high inflation?” Probably not. Many financial freaks like Carl and Mindy Jensen don’t prepare for economic anomalie...

8 Juli 202237min

315: From 400 Credit Score to Making $17,000/Month in Passive Income

315: From 400 Credit Score to Making $17,000/Month in Passive Income

Passive income and credit scores. While they don't entirely rely on each other, having good credit does allow you to build passive income streams far faster. Andrew Brazell learned this the hard way, ...

4 Juli 20221h 46min

314: Finance Friday: How to Get to Early Retirement Even Faster

314: Finance Friday: How to Get to Early Retirement Even Faster

Those searching how to retire early usually come away with one conclusion—you have to make much, much more money. Most financial independence pursuers think that a large salary or enormous sum of asse...

1 Juli 20221h 17min

313: The “Perfect” Investment Portfolio for Early Retirement w/Ask The Money Coach

313: The “Perfect” Investment Portfolio for Early Retirement w/Ask The Money Coach

Early retirement is one of those common personal finance topics that always comes up on the show. It’s arguably the most talked-about subject in our Facebook group and is a common theme among guests o...

27 Juni 202253min

312: Buy Now, Pay Later: Consumer Convenience or Predatory Pricing Scheme?

312: Buy Now, Pay Later: Consumer Convenience or Predatory Pricing Scheme?

“Buy now, pay later” companies have been around for decades, but not in the form they take today. You may have noticed that when you check out from an online store, a little prompt asks you if you wan...

24 Juni 202249min

311: How to Create Financial Security (From Scratch!) and Become “Set for Life”

311: How to Create Financial Security (From Scratch!) and Become “Set for Life”

What's stopping you from becoming debt-free? Everyone’s answers will vary, but one truth remains the same—excessive debt can prevent you from living the life you deserve. Today’s guest, Joe Bussey, to...

20 Juni 20221h 26min

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