Becoming a Crypto Millionaire with Sam Dogen

Bankless

[email protected]

Tech News, News, Technology

4.8 • 1.1K Ratings

🗓️ 30 June 2025

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

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Summary

Sam Dogen, founder of Financial Samurai and one of the original F.I.R.E. voices, joins Ryan Sean Adams to break down the path to financial independence, whether you're investing in crypto or other asset classes. They unpack 10 milestones to millionaire status, from mindset and momentum to investing, real estate, and entrepreneurship. Sam and Ryan go deep on how to avoid financial landmines, get on the same page with a partner, and define a life where money serves purpose, not the other way around. If you want your net worth to grow without losing your life to the grind, this episode is your roadmap. ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐CELO | BUILD TOGETHER AND PROSPER https://bankless.cc/Celo 🟠 BINANCE | THE WORLDS #1 CRYPTO EXCHANGE https://bankless.cc/binance ------ TIMESTAMPS 0:00 Intro 5:56 Millionaire Mindset 9:34 The Probability of Becoming a Millionaire 10:58 Understanding Your Why 12:46 Freedom Through Finance 17:07 Signs You’ve Reached Independence 19:52 How Much Should You Have? 22:20 Saving: Where to Begin 26:48 The 50% Rule 29:21 The Magic of $250.000 32:30 Smart Debt vs Smart Risk 34:44 What Assets Build Wealth? 37:31 Buying Your First Home 43:00 Easy Wins in Property 47:14 Income That Frees You 49:22 Cars That Kill Wealth 52:55 Why Ownership Beats Income 59:56 Location = Opportunity 1:02:38 Design Your Financial Life 1:04:28 Build Wealth as a Team 1:06:43 Redefining Retirement 1:08:41 Lightning Round 1:12:53 Closing ------ RESOURCES Sam Dogen https://x.com/financialsamura/ Financial Samurai https://www.financialsamurai.com/ Millionaire Milestones https://www.amazon.com/Millionaire-Milestones-Simple-Steps-Figures/dp/0593714709 ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

Transcript

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0:00.0	$250,000 is the magic number that I think where just compounding really takes off.
0:05.7	And it's very noticeable.
0:06.8	Once you get to that $250, you stay diligent in your contributions and in your investing.
0:11.9	It's only a matter of time before you're going to get to a million dollars.
0:17.8	Welcome to Bankless, where we explore the frontier of internet money and internet finance.
0:22.6	This is Ryan Sean Adams, just me today. I'm here to help you become more bankless.
0:28.5	Guys, it's no secret that part of the bankless program is to help you become crypto wealthy.
0:34.8	We talk about this at the beginning of all of our episodes. So why are we doing
0:38.9	this episode in particular? I feel like often I run across people in crypto who skip the whole
0:43.8	personal finance principles part of investing. They're looking at crypto as kind of a short-term
0:50.2	lotto ticket. So this episode is for those people, because becoming a crypto millionaire
0:54.8	isn't all that different from becoming a fiat millionaire. The same rules apply, and there's a lot we can
1:00.2	learn from personal finance outside of crypto. Sam Dogen was an early pioneer of a movement called
1:06.8	Fire. That's F-I-R-E. It stands for Financial Independence, retire early. It started around the
1:13.7	2010 era of personal finance. And I think people in crypto have lots to learn from some of the
1:20.3	fire principles. You don't have to use Sam's asset classes like real estate to achieve your
1:26.8	millionaire style goals. Maybe you swap real
1:29.2	estate and bonds and equities for crypto. But still, there's definitely some valuable lessons
1:35.2	here for all crypto investors. So please enjoy this conversation with Sam Dogen.
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1:50.1	frax usd which is backed by blackrock's institutional biddle fund fracks designed frax usd for besting
	...

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