I think if we can just be aware that there’s so much poverty and suffering out there, we would not be willing to flaunt our wealth and be more stealthy and actually do what we want do. So just focus on yourself. Otherwise, you’re focusing on trying to make yourself look good in front of other people who don’t really matter.
Today’s guest, Sam Dogen, is someone who is helping millions of people think about the deeper issues of investing, real estate, retirement planning, career strategies, money philosophy and achieving financial independence through his website, FinancialSamurai.com.
A little about Sam Dogen:
- 13-year finance veteran with an MBA from Cal Berkeley. He’s been writing on personal finance for over 7 years.
- Has an MBA for UC Berkeley, rated a 5.0 as a tennis player, a 16 handicapper in gold, and speaks three languages.
- He has lived in several different countries and has visited over 40 as of March 2015.
- He has also been seen in The Wall Street Journal, The L.A. Times, Chicago Tribune, Forbes, Bloomberg, and Kiplinger.
Sam worked in the banking industry, specifically in equities, from 1999-2012. And while he found this high-stress job fun, it all went south in 2008 when the housing market crashed. He lost 35% of his net worth in six months and that’s when Financial Samurai was born in 2009, to help him make sense of it all.
Today, we delve into into the premises behind his book, How to Engineer Your Layoff: Negotiate Your Severance and Be Free—a book that teaches you how to negotiate a severance package.
Listen in as Sam talks about the WARN Act and why it shouldn’t be confused with severance pay. We also talk about how to get laid off when you’re a star performer.
What my book tries to do is empower the employee. Because employees have this mindset that the corporation, with their lawyers, and senior managers, and whatever, are the Goliath and we have no power as an employee to do anything. But I think people have to realize that we have way more power than we realize.
Sam Dogen
Hearing feedback from people after reading his book, who say their lives are so much better after leaving their corporate jobs, has been very rewarding for Sam.
I really think the fear in our heads is much greater than the reality.
When asked for his definition of happiness, Sam says it’s PROGRESS and expands on that.
Sam and Mark also get into a discussion on the concept of stealth wealth—the way you think about money and how you want to be perceived by your peers, friends, and society.
With a plethora of information and opportunities out there, Sam and Mark both agree that in this day and age, everybody should try to leverage the internet in some way and try to make a lifestyle they want.
And finally, what does Sam think about Mark’s Passive Income Model?
Listen in now to find out…
TIP OF THE WEEK
Mark: Go to FinancialSamurai.com and read the most commented posts on the sidebar:
- How Much Money Do The Top Income Earners Make?
- Creating Powerful Friends
- How Much Should People Have Saved in their 401ks at Different Ages
- The 1/10th Rule For Car Buying Everyone Must Follow
Sam: Save an amount that hurts you a little bit. If it doesn’t hurt, you’re not saving enough. Everything starts with a fundamental aggressive savings model for you to be free and build those passive income streams.
To better guide parents on how to raise financially savvy children, read my articles:
- How To Convince Your Parents To Buy You Everything You Want
- No Wonder Why Millennials Don’t Give A Damn About Money
- Children should read, Spoiled or Clueless? Try to Work Minimum Wage Jobs
Also check out the article, Scraping By On $500,000 a Year: Why It’s So Hard For High Income Earners To Escape The Rat Race.
Thank you for listening to the Best Passive Income Model podcast. Your support helps me to invite guests who share their knowledge that you can use to grow your business.