69 min listen
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
ratings:
Length:
84 minutes
Released:
Nov 12, 2018
Format:
Podcast episode
Description
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)
Released:
Nov 12, 2018
Format:
Podcast episode
Titles in the series (100)
#10: Designing a Frugal But Luxurious FI Life by Age 32 with Liz Thames: In March, 2014, Liz and her husband made the conscious decision to stop their big city, big spending lifestyle, and adopt a frugal mindset in order to realize their new goal of moving out of the hustle and bustle and into the woods. Their 180 turn... by BiggerPockets Money Podcast