In 'How to Engineer Your Layoff,' Sam Dogen provides strategies and insights on negotiating a severance package, empowering employees to take control of their career transitions. The book includes case studies, negotiation tips, and advice on life after leaving a job, helping readers achieve financial independence.
In this book, Annie Duke teaches readers how to make better decisions by treating them as 'bets' on uncertain outcomes. She emphasizes the importance of distinguishing between the quality of a decision and its outcome, acknowledging the role of luck, and avoiding biases such as 'resulting' and hindsight bias. Duke draws on her experiences as a professional poker player and combines these with insights from cognitive psychology and other fields to provide tools for making more objective and thoughtful decisions. The book encourages readers to get comfortable with uncertainty, seek truth through diverse opinions, and learn from outcomes to improve future decision-making[1][3][5].
In 'Buy This, Not That,' Sam Dogen provides a comprehensive guide to financial planning, showing readers how to spend money effectively to build wealth and achieve financial freedom. The book includes the Financial Samurai's 70/30 framework for decision-making, explanations of 'good debt' and 'bad debt,' and strategies for building passive income streams. Dogen, with his extensive experience in finance and as the founder of Financial Samurai, offers practical advice and actionable tips to help readers maximize their wealth and live life on their terms.
#75: Financial Samurai and bestselling author, Sam Dogen, joins Chris to discuss ways to maximize wealth-building and live life on your own terms. They cover Sam’s 70/30 rule for decision making, how Sam engineered his own layoff and the principles you can use to do it yourself, how real estate can be a significant source of passive income, and why we should all consider having our own online real estate, small business, or side hustle.
Sam Dogen (@financialsamura) engineered his own layoff after working for 13 years in corporate america and created Financial Samarai, one of the largest independently-owned personal finance sites in the world. His Wall Street Journal bestselling book is Buy This, Not That: How to Spend Your Way to Wealth and Freedom.
Full show notes at: https://allthehacks.com/financial-samurai-sam-dogen
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Resources Mentioned
Connect with Sam Dogen: Financial Samurai | Twitter
Sam Dogen’s Books:
Resources Mentioned:
Podcasts Mentioned:
Travel Recommendations:
- Malaysia
- Kuala Lumpur
- National Palace
- Batu Caves
- Pulaus
- Penang
- Redang Island
- The Taaras Beach & Spa Resort
- Angkor Wat, Cambodia
- Southeast Asia
- Majorca, Spain
- Amsterdam
Full Show Notes
(1:43) The Point of Financial Optimizations: Why Money Isn't the End Goal
(3:30) Engineering a Layoff and Choosing an Alternate Career Path
(5:53) Negotiating Severance Pay and Differentiating Between the WARN Act and Severance
(12:36) Sam Shares the Core Principle He’s Held Since Middle School
(14:19) Thinking in Probabilities and Not Absolutes: Sam’s 70/30 Rule
(20:15) Earning Passive Income with Real Estate in Your Portfolio
(26:59) Choosing an Adjustable-Rate Mortgage for Sensible Reasons
(33:04) Strategies for Successful Vacation Property Purchases and Lessons in Income Forecasting
(36:34) Establishing Your Presence Online in Real Estate
(38:27) Venture Capital Demystified: Understanding VC and How It Works
(45:12) Personal, Financial, and Tax Benefits of Running a Business
(48:24) Selecting a Retirement Plan and Health Insurance as a Business Owner
(52:21) Navigating Finances When Including a Partner in Your Business
(54:33) Reasons for Residing in High-Income Tax Areas
(57:58) Sam's Travel Recommendations
(59:35) Exploring Malaysia: What to See and Do
(1:01:13) Chris's ATM Misadventure During His Backpacking Trip in Malaysia
(1:02:48) Contributing to Your Child’s 529 College Savings Plan
(1:05:05) Choosing Between Public and Private Education Routes
(1:07:43) Where to Find Sam Dogen Online
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