718: Long Term Investing Is All About Saving Yourself From Yourself by Sam Dogen of Financial Samurai on Passive Income

Optimal Finance Daily - Financial Independence and Money Advice

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Business, Investing, Self-improvement, Education

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🗓️ 28 November 2018

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Sam of Financial Samurai shares why long term investing is all about saving yourself from yourself. Episode 718: Long Term Investing Is All About Saving Yourself From Yourself by Sam Dogen of Financial Samurai on Passive Income 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/long-term-investing-is-all-about-saving-yourself-from-yourself/ Visit Me Online at OLDPodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Cracken.
0:03.0	Crippo is like the financial system, but different.
0:06.0	He doesn't care where you come from,
0:08.0	what you look like, your credit score,
0:10.0	or your outrageous food delivery habits.
0:13.0	crypto is finance for everyone, everywhere, all the time.
0:17.0	Visit Krakon.com slash see what crypto can be.
0:21.0	To learn more, don't invest in as you're prepared to lose all the money
0:24.9	you invest. This is a high-risk investment and you should not expect to be protected if something
0:28.9	goes wrong.
0:31.3	This episode is brought to you by Pepsi Max. Christmas is great, but there's loads of ways to make it better.
0:38.0	Like sneaking some chili into the gravy for some extra oom or building a playlist that will even get your
0:44.9	none up on the table or just cracking open an ice cold Pepsi Max. Christmas better with Pepsi Max.
0:55.0	This is optimal finance daily, episode 718.
1:01.0	Long-term investing is all about saving yourself from yourself by Sam of Financial samurai.com.
1:09.3	And hello again, I am Dan, your host here on the show.
1:11.8	I'm here every weekday reading to you from some of the best personal finance blogs on the planet.
1:17.0	For now, let's get right to our post and start optimizing your life. Long-term investing is all about saving yourself from yourself by Sam of Financial Samurai.
1:31.0	com
1:32.0	One of the biggest problems I consistently of Financial Samurai.com.
1:40.0	One of the biggest problems I consistently observe is people's inability to control their spending once they start making money or a lot of money. We all know someone who's making the big bucks yet is just living paycheck to paycheck.
1:45.0	After three months of grueling work out of college, I decided to buy a new used car.
	...

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