1406: Buy or Not to Buy? The 70-30 Framework for Those Big Financial Decisions

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 7 September 2022

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Financial expert Sam Dogen dives into the bigger questions we ask ourselves like whether to invest in real estate or stocks, rent or buy a home, quit our jobs after having kids or continue to work, buy or lease a car and lots more. In his new book, Buy This, Not That: How to Spend Your Way to Wealth and Financial Freedom, Sam's goal is to minimize regret even if things don’t go according to plan and for readers to confidently make strategic decisions that coincide best with their lifestyle while optimizing the money they already have. More about Sam Dogen: He worked in investing banking for 13 years before starting Financial Samurai, his personal finance website. He has been featured in major publications including The Wall Street Journal, The Sydney Herald, The Chicago Tribune and The L.A. Times. Sam’s new book. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So money is brought to you by CNET, the site that shows how to navigate change all around us.
0:06.3	So many episode 1406, Sam Dogehn, author of Buy This Not That, how to spend your way to wealth and
0:13.7	financial freedom. You're listening to So Money, with award-winning money grew for our new
0:19.9	Storapi. Each day in a 30-minute dose of financial inspiration from the world's top business minds,
0:26.0	authors, influencers, and from Parnucia ourselves. Looking for ways to save on gas or double
0:32.6	your double coupons? Sorry, you're in the wrong place. Seeking profound ways to live a richer,
0:38.2	happier life. Welcome to So Money. Anybody who leaves work for two to three years,
0:45.8	I think they're going to be fine. The majority are going to be able to get a job back at where
0:49.6	they were working or the same industry for similar pay. Welcome to So Money, everybody. I'm
0:54.8	Farnucia Thorapi. Should you become a state-home parent? Should you job hop or stay a loyal soldier?
1:02.7	Should you invest in real estate or stocks? Buy or rent? Marry for love or marry for money?
1:09.0	These are some big questions that some of us at least ponder through life. And our guest today,
1:14.5	Sam Dogehn, has a book, a new book that walks us through the calculus for all of these different
1:21.6	considerations. These financial crossroads in life. Sam is a veteran of the personal finance
1:28.4	industry. He has worked in investment banking for over a decade, all before starting financial
1:34.1	samurai, his popular personal finance website. Sam has been featured in major publications,
1:39.9	including the Wall Street Journal, the Chicago Tribune, the LA Times. His new book is by this,
1:45.8	not that how to spend your way to wealth and financial freedom. It's out now and it tackles
1:51.3	a lot of these considerations. You better believe he and I got into it and we didn't always see
1:56.8	eye to eye. But Sam's goal is to minimize regret even if things don't go according to plan.
2:03.6	And for all of us to confidently make strategic decisions that coincide best with our lifestyle
2:09.8	while optimizing the money we already have. So without further ado, here Sam Dogehn.
	...

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