I love studying how people design their lives:
- Some folks make all kinds of financial mistakes and never recover. A lot of these people never realize that they were doing anything wrong either:
Why am I 78 and working at Walmart???
- Others eventually figure out that it’s a bad idea to spend an amount equivalent to their annual salary on a sport utility vehicle. With any luck, they come to this realization early in their career so they don’t have to spend their senior years at a big-box store.
- Finally, there is a rare group of people who seem to have figured out the whole game in the womb. These people are killing it in life.
Sam from Financial Samurai is in the last group and I’ve been fascinated with his story since the day I discovered his blog. He worked his ass off and secured one of the most sought after jobs in the world. Despite working at Goldman Sachs, he continued to live like a college student; sharing a studio apartment with a roommate.
When Sam came back to San Francisco, he continued his frugal ways, sharing a small apartment with a guy who worked at a hamburger restaurant.
Perhaps the best part though, is that Sam is a nice guy who isn’t afraid to admit his mistakes. I’ve met plenty of people who haven’t accomplished anywhere near what Sam has and still believe that they can be arrogant, egotistical jerks. Mrs. 1500 and I met Sam a couple years ago and he was grounded and pleasant. If he has a super-sized ego and is secretly plotting a volcano-based weapon to take over the world, he is doing a very good job of hiding that side of his personality.
All of that was my long-winded introduction to Sam’s 10 Questions.
Today is the 36th edition of our periodic guest post series called 10 Questions. We have a list of 17 questions we pose to fellow financial bloggers, and they are free to pick and choose 10 or answer all of them. Let us know if you would like to be featured in a future edition of 10 Questions.
Hit it Sam!
Tell us about your Blog
Tell me about your blog and why it’s great.
Financial Samurai is a personal finance site with a lot of heart and soul. I love to write with emotion, which helps make the content more interesting. As the saying goes: No tears in the writer. No tears in the reader. I hope my readers can tell how much I put into my articles. They take anywhere from 3 – 10 hours to write!
I spent 13 years of my career working in the finance industry, got my MBA from Cal (Go Bears!), and have worked for almost 17 years building multiple income streams in order to have the option to never have to work again. For 2016, my passive income generates roughly $175,000 a year through real estate, P2P lending, dividend income, CD interest income, and alternatives. My goal is to get to $200,000 a year in passive to semi-passive income. It costs a lot to live in SF or NYC. For example, the median home price in these two places is 5X greater than my passive income goal!
Tell me how you’re going to change the world with your blog (dream big or don’t dream at all!).
One reader at a time! I enjoy making people think and writing articles that I want to read. I’m a strong proponent of Stealth Wealth. I’m looking for people who have their heads on straight, and are figuring out a way to optimize their lifestyles now. I strongly believe the large majority of people who work hard, show kindness to others, and are self-aware will end up with more money than they need when they retire.
What goals do you have for your blog, short and long term?
To last for as long as possible! If we can speak forever, we can write forever. I started Financial Samurai to help make sense of the chaos and destruction in 2009 and also help better connect with my family. It is so fun and rewarding to re-read old articles during different times to bring back memories.
I’ve witnessed many sites over the past seven years sell due to the temptation of money. My goal is to last for at least 10 years until I ever consider selling Financial Samurai. I think 10 years is a respectably long enough time before deciding to move on. But if I ever do sell, I want to always be involved in contributing to the FS community.
I highly recommend everybody start their own website today. Own your brand online and build a platform. You never know what could happen once you plant your own flag online.
What post are you most proud of and why? Continue reading