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

Avsnitt(744)

240: The Biggest Takeaways from BPCon 2021 | Live Host Panel from NOLA

240: The Biggest Takeaways from BPCon 2021 | Live Host Panel from NOLA

Marching along Bourbon Street last week was a parade with some of the best real estate investors in the world, celebrating another successful BPCon, ready to take on the world. Throughout the past wee...

15 Okt 20211h 31min

239: The Side Hustle Queen’s Guide to a 100% Saving & Investing Rate

239: The Side Hustle Queen’s Guide to a 100% Saving & Investing Rate

If you and your sweetheart want to get married, rent a truck in a Colorado ski town, and have your dog watched while you’re doing so, Stephanie Warner is the person you should get in touch with. Even ...

11 Okt 20211h 16min

238: Finance Friday: 250x-ing His Salary from Employee to Business Owner

238: Finance Friday: 250x-ing His Salary from Employee to Business Owner

Over at BiggerPockets, we all have much love and respect for our trusted video editor, Joel Esparza. He brings phenomenal work quality, timing, and communication to every project he’s on, but many of ...

8 Okt 20211h 12min

237: $700k Net Worth in 4 Years Thanks to “Super Assets”

237: $700k Net Worth in 4 Years Thanks to “Super Assets”

It didn’t take Addison Freeman long to realize what worked in school, wouldn’t work in real life. Those who got good grades and followed the standard playbook weren’t rewarded as plentifully on the in...

4 Okt 202151min

236: Finance Friday: Enjoy Life Before FI with Simple Investing Strategies

236: Finance Friday: Enjoy Life Before FI with Simple Investing Strategies

Strong frugality is hard to come by. Not many people would write off their solar system as a business expense and use bitcoin mining to provide heat to their house, instead of using a space heater. Th...

1 Okt 20211h 27min

235: Why a High-Income Doesn’t Automatically Fast Track You to FI

235: Why a High-Income Doesn’t Automatically Fast Track You to FI

High-income earners have a better shot at retiring early than those making a median income.  That being said, with more money comes more investing risk. After the great recession, Bob Haines was sitti...

27 Sep 20211h 6min

234: Finance Friday: From “We Can’t Retire” To Retiring Early in 5 Years

234: Finance Friday: From “We Can’t Retire” To Retiring Early in 5 Years

A rock-solid financial position consists of a few things: budgeting, expense tracking, living below your means, and making extra income. Once those are accomplished, you’re on track to start investing...

24 Sep 20211h 19min

233: How to Financially Plan for 2 Special Needs Family Members

233: How to Financially Plan for 2 Special Needs Family Members

Life can be challenging at times. When you think you’re in a stable spot, the universe tends to throw you one (or many) curveballs. In the realm of financial education, the smart early decisions we ma...

20 Sep 20211h 2min

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