Optimal Finance Daily - Financial Independence and Money Advice 3270: Taking Money For Granted: What To Do If The Money Runs Out? By Sam Dogen of Financial Samurai
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Sep 3, 2025 The discussion highlights how easy it is to take financial stability for granted during steady income periods. Insights are shared on navigating income loss and adapting budgeting strategies. The importance of an abundance mindset is emphasized, illustrating how perspective can aid in maintaining resilience. Additionally, the podcast delves into the emotional impact of financial uncertainties and the balance between mental well-being and financial health.
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Steady Income Breeds Complacency
- It's easy to take money for granted when income feels steady and endless.
- Sam realized steady pay led him to devalue money despite saving most of it.
Keep A Cash Buffer
- Keep a cash buffer instead of investing every penny when liquidity might fall.
- Sam invested 80% and left the rest in a money market for safety.
Prioritize Passive Income Then Hustle
- Use passive income sources first: withdraw interest and use rental income to live.
- If needed, increase effort or take any job rather than letting cash run out.