Personal Finance Advice for Entrepreneurs | Buy This, Not That by Sam Dogen (Financial Samurai)
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Personal Finance Advice for Entrepreneurs | Buy This, Not That by Sam Dogen (Financial Samurai)
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In this episode of the iSearch podcast, Benjamin Lim (iSearch) discussed with Sam Dogen (Financial Samurai) on some personal finance tips for entrepreneurs to achieve financial independence.
The areas of discussion include:
1:06 - The definition of financial independence
1:51 - Being financially independent in the 40s
5:27 - Achieving 80k annual passive income
6:54 - Thoughts on entrepreneurs investing in real estate
9:39 - Stocks investment
10:27 - Sam’s background story and its role in his financial independence
12:45 - Entrepreneurship vs. investment banking
13:43 - Common financial mistakes among entrepreneurs
15:54 - Cash vs. loan for purchasing a car
16:29 - Golden rule for buying your own property
17:31 - Reinvesting profits vs. putting it in savings
19:29 - Sam shares what early retirement is like
20:28 - Why Sam wrote “Buy This, Not That”
Check out Financial Samurai here:
https://www.financialsamurai.com/