TMBA 655: Deciding How To ‘Buy This, Not That’
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Today Dan talks to one of our favorite writers Sam Dogen, the man behind ‘Financial Samurai’. And Sam has recently written a book called ‘Buy This, Not That’, laying out the ideas and strategies he learnt not only from his decade long career at Goldman Sachs but also investing personally and interacting with the many millions of visitors to his blog.
This week’s discussion ranges from why the traditional ‘Financial Independence, Retire Early (FIRE)’ model, of which Sam was an early pioneer, is now outdated; the reasons you can’t just ‘set and forget’ your financial planning but need to think about opitimizing it for the different decades of your life; and what it’s like to be involved in writing a book for a major publisher:
“One of the reasons why I don't want to write another book is because it's so painful. A lot of cooks in the kitchen. They're all on your side, they want to make the book amazing, inclusive and a success. But I'm not used to that, I’m used to waking up at 5am writing, and then I'm done. I send it to my dad and he makes some edits. And we’re good.”
Listen to this week's show and learn:
Why so few writers on personal finance come from a Finance background
How Sam’s early life fed into his perspective and writing style
Connecting work and investing to the different decades of your life
The problems of the ‘4% rule’
Mentioned in the episode:
Before the Exit – Our New Book
Partner With Us
The Dynamite Circle
Dynamite Jobs
Post a Remote Job
Dynamite Deals
Tropical MBA on YouTube
Dynamite Jobs – Remote Recruiting Sales Page
Financial Samurai
Buy This, Not That
Goldman Sachs
Mr Money Mustache
Enjoyed this podcast? Check out these:
TMBA275: How Should an Entrepreneur Invest $50,000?
TMBA328: How Do You Manage Your Money?
TMBA332: A Conversation with Mr. Money Mustache
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Thanks for listening to our show! We'll be back next Thursday morning 8AM EST.
Cheers,
Dan & Ian