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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197: 4 Children, a Lower Income, and STILL Hitting Financial Independence

197: 4 Children, a Lower Income, and STILL Hitting Financial Independence

There are a lot of excuses we hear from people as to why they can’t reach financial independence. They needed that new car, they needed that nicer apartment, they needed the expensive vacations. Often...

17 Maj 20211h 10min

196: Finance Friday: Debt-Free, Great Pensions, But Will it Be Enough?

196: Finance Friday: Debt-Free, Great Pensions, But Will it Be Enough?

Getting out of debt can be very empowering, which is exactly how Azar and Jeffrey felt when they paid off $83,000 of debt in under 3 years! They thought it may be the best time to start investing in r...

14 Maj 20211h 28min

195: 3 Degrees, Debt Free, and “Coasting” to Financial Independence

195: 3 Degrees, Debt Free, and “Coasting” to Financial Independence

Student loans can often drag people into debt, especially when chasing more than one degree. But here’s an unusual story: Brenda Olmost, PhD student, nurse practitioner, and member of the FIRE communi...

10 Maj 202157min

194: Finance Friday: Will I Still Be Able to Hit Retirement At 60?

194: Finance Friday: Will I Still Be Able to Hit Retirement At 60?

It’s a common concern among many Americans on whether or not they can retire on a timeline they feel comfortable with. In this episode, we talk to Deb, who’s having some of those same concerns. She ha...

7 Maj 20211h 16min

193: Building a Business After Homelessness, Addiction, and Debt

193: Building a Business After Homelessness, Addiction, and Debt

Part of the mission of the BiggerPockets Money Show is to share journeys from all walks of life. Our guests show that no matter where you’re at, you can reach financial freedom and enjoy your life on ...

3 Maj 20211h 27min

192: I Make Great Money - Why Do I Feel So Broke? Finance Friday

192: I Make Great Money - Why Do I Feel So Broke? Finance Friday

In many of our lives, we make a decent salary, we try to save and invest, but we still feel bogged down by debt. How is it possible to feel “broke” while making a great salary? That is the question th...

30 Apr 20211h 5min

191: It’s Not Your Money, It’s Your Future Self’s Money with Angela Rozmyn

191: It’s Not Your Money, It’s Your Future Self’s Money with Angela Rozmyn

Many of us have had the benefit of growing up in households where our parents taught us about money, saving, and investing. Angela Rozmyn was raised in one of these households, and when she wanted som...

26 Apr 20211h

190: Why You Should Always Have Side-Income: Finance Friday with Rachael

190: Why You Should Always Have Side-Income: Finance Friday with Rachael

Side businesses can be a fantastic way to boost your savings and investing rates, especially if you’re making a low salary! Rachael works in the insurance industry and is keen on getting a promotion s...

23 Apr 20211h 1min

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