Fear Is A Great Motivator to Invest | Sam Dogen (Financial Samurai)

Marriage Kids and Money: Personal Finance for Families

Andy Hill

Parenting, Kids & Family, Business, Investing

4.9 • 605 Ratings

🗓️ 13 May 2025

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Feeling uneasy about your finances in today’s economy? Learn how to turn fear into your greatest investing motivator with Sam Dogen, founder of Financial Samurai. In this powerful episode, Sam shares how fear helped him build wealth, leave a high-stress Wall Street job, and create true financial independence. Whether you're just getting started or trying to level up your savings rate, this conversation will inspire you to use fear—not as a crutch, but as a catalyst. RESOURCES: Sponsors + Partners + Deals Millionaire Milestones (book): https://amzn.to/4jOuh1n (affiliate) CHAPTERS 00:00 – The Role of Fear in Hard Times00:20 – Show Intro: Using Fear to Drive Financial Action01:30 – Should Families Be Fearful of Today’s Economy?02:30 – How Fear Can Be a Powerful Motivator03:40 – When Fear Becomes Paralysis04:15 – The Concept of “Return on Effort”05:15 – What is a Saving Rate and Why it Matters06:30 – How to Calculate Your Saving Rate07:45 – Sam’s Saving Journey: From Goldman Sachs to FIRE10:00 – Facing the Financial Crisis and Learning from It11:15 – The Fear During 2008 and Lessons for 202512:50 – Investment Strategies: Beyond the 401(k)13:45 – The Utility of Stocks vs. Real Estate Investing15:15 – Reaching Financial Independence and Negotiating a Severance17:20 – Financial Independence with Kids: The New Fear18:15 – The Dual Unemployed Parents Dilemma20:00 – Optimal Parental Anxiety and Letting Go21:00 – One Final Piece of Advice for Struggling Families22:00 – Understanding Bear Markets and Historical Cycles23:00 – Where to Find “Millionaire Milestones” by Sam Dogen23:20 – Andy’s Top 3 Takeaways from the Interview25:25 – Closing Credits and Final Thoughts MKM RESOURCES: MKM Coaching: Want 1-on-1 support with your family finance journey? Book a time with me today. Coast FIRE Calculator: A free calculator to help you find out when you can slow down or stop investing for retirement. Mortgage Payoff Calculator: A free calculator to help you see how fast you can become mortgage free. YouTube: Subscribe for free to watch videos of these episodes and interviews. RECOMMENDED RESOURCES (SPONSORS AND AFFILIATES): Monarch Money - Best Budget App for Families & Couples Empower - Free Portfolio Tracker Crew - HYSA Banking Built for Families - Get an Extra 0.5% APY with my partner link Ethos - Affordable Term Life Insurance Trust & Will - Convenient Estate Planning HOW WE MAKE MONEY + DISCLAIMER: This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS: Podcast Artwork: Kayli Johnson Editor: Johnny Sohl Podcast Support: Nev Maraj Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi, this is Ava from Vanta.
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0:22.1	enterprise managing vendor risk, Banta makes it quick, easy, and scalable, and I'm not to
0:27.1	say that because I work here. Get started today at banta.com.
0:31.5	A lot of times when you're struggling, you're angry, you've lost a job, you've lost money,
0:36.0	you sometimes extrapolate to forever, which is
0:38.0	incorrect. You need to understand the history and say, it's just part of the cycle. Things go down,
0:42.8	but eventually things recover. This show is dedicated to helping you, strengthen your family
0:53.4	tree, and live financially free.
0:55.5	Welcome to the Marriage Kids and Money podcast, everybody.
0:57.5	This is Andy Hill.
0:59.0	And today we're talking about why fear is a great impetus for saving.
1:03.7	The economy has been on shaky ground lately.
1:06.9	And consumers, they're feeling it.
1:09.6	Persistent inflation worries, stock market drops,
1:13.3	and uncertainty with employment, and return to the office policies. These are all creating
1:19.2	fear and uneasiness out there. But fear can be just the thing that motivates us to create a better
1:26.9	tomorrow for ourselves and our families.
	...

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