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Optimal Finance Daily - Financial Independence and Money Advice

532: Investing Your Tax Refund for a 1000% Return by Sam Dogen of Financial Samurai

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Self-improvement, Education, Business, Investing

4.51.3K Ratings

🗓️ 13 March 2018

⏱️ 7 minutes

🧾️ Download transcript

Summary

Sam of Financial Samurai shares how to invest your tax refund for a 1000% return. Episode 532: Investing Your Tax Refund for a 1000% Return by Sam Dogen of Financial Samurai (Invest a Windfall & ROI). Sam Dogen's net worth took a beating in 2009 as the world was falling apart. He thought it would be a good idea to start a personal finance site to help himself and others make sense of chaos. After all, he had spent 10 years working in the finance industry, got his MBA from Cal, invested and saved aggressively, and still got financially rocked! Since then, more than 20 million visitors have stopped by FinancialSamurai.com. The original post is located here: https://www.financialsamurai.com/investing-your-tax-refund-for-a-1000-return Visit Me Online at OLDPodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:28.0

This is Opt I read to you

0:33.0

532 investing your tax refund for a 1,000% return

0:38.0

by Sam of Financial samurai.com.

0:41.0

And I'm Dan your host and this is where I read to you from some of the best blogs on personal finance.

0:45.0

I narrate articles from blogs like Mr. Money Mustache. I will teach you to be rich, get rich slowly,

0:51.0

budgets are sexy, and more, sort of like a gigantic ongoing audio book, but free of charge.

0:57.0

For now, let's get to today's post and start optimizing your life. your tax refund for a 1,000 percent return by Sam of Financial Samurai. In the article How to get over your fear of investing,

1:15.0

I mention how your risk tolerance decreases the more capital you accumulate.

1:19.0

When you were rocking a $100,000 net worth as a 30-year-old,

1:23.0

you had no problems investing 30% of your net worth

1:25.6

in your employer's promising stock.

1:27.4

But now that you're 50 and less enthusiastic

1:29.5

about working for decades more, investing 30%

1:32.4

of your $1 million nest egg doesn't seem like a good idea.

1:36.0

The tax refund actually provides for a great opportunity to swing for the ROI fences every

1:40.8

year no matter your age or net worth.

1:43.0

Given that the average tax refund is only around $3,000,

...

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