Sam Dogen, AKA The Financial Samurai: How to Spend your Way to Wealth and Freedom

Enter the Lionheart

Lawrence Dunning

Society & Culture, Business, Entrepreneurship, Philosophy

5 • 1.2K Ratings

🗓️ 10 May 2022

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

It was a real pleasure to sit down with Sam Dogen, whose blog, “The Financial Samurai” gives a complete picture of maximizing investing across all investment vehicles – equities, bonds, real estate and other assets, like precious art.

Sam spent over a decade working in corporate finance at Credit Suisse and Goldman Sachs, before starting Financial Samurai, one of the top independently owned personal finance sites today.

Sam is just about to release his new book: “Buy This, Not That: How to Spend your Way to Wealth and Freedom”. His goal, after he was able to escape corporate America in his mid-30s and live the life that he has wanted for the past decade, was to write a book that could help other people potentially do something similar. That is both a noble and a realistic aim. The wisdom of deep financial knowledge is a true “life hack” that can benefit us all massively.

“Money is too important to be left up to pontification.”

“Once you achieve a certain level of financial independence, where your passive investment income covers your living expenses, the world opens up.”

“The ultimate goal is to move money into the background so you can stop obsessing over it and start focusing on doing things that matter.”

“The longer you zoom out, the easier it will be to stay the course. After I became a father, I found it easier to invest for the long term because now I was no longer just investing for myself.”

“Time is way more valuable than money! Make sure you make the most of each day.”

Financial Samurai: https://www.financialsamurai.com/

Click here: Link to Sam's Latest Book: Buy This, Buy That

Transcript

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0:00.0	A single theme is two-hour for great minds and daring hearts.
0:06.6	Get ready to enter the Lion Heart with your host, Lauren Stunning.
0:16.8	Today's guest is Sam Dugan, aka the financial samurai.
0:21.5	I reached out to Sam when I saw that he had a book coming out and I was excited when
0:25.4	he said he'd come on the show because I've been a huge fan of his blog for many years.
0:29.6	And I can't remember which one of my friends introduced me to it.
0:33.1	It might have been my good buddy Brad, whoever it was I'm very appreciative because since
0:37.4	then I've learned a lot from his content.
0:41.0	One thing that I also appreciate about Sam is that he's not a one-trick pony.
0:44.7	I have friends that might be good at investing in stocks, others play safe in bonds, some
0:49.5	love the volatility of crypto, others are great at investing in real estate, precious art
0:54.6	or other assets.
0:56.6	Sam, while he's not on the crypto train, he has a really diversified approach to investing
1:01.4	and he's always looking for opportunity in the market.
1:04.8	He's not tied to any certain investing modalities and he's always on the lookout for opportunities
1:10.2	and I think that's a fantastic approach to investing.
1:14.3	Sam in his financial samurai newsletter is also very big into real estate investing and
1:19.2	he understands that model extremely well and that's something that a lot of stock
1:23.1	guys don't, so I appreciate that being very partial to real estate investing myself.
1:28.1	And I've said many times before that when I did my MBA because investing in stocks and
1:33.3	bonds is uniform across countries but real estate investing is so local, I don't think I
1:38.5	have one professor taught me about the real estate model.
	...

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