About the Episode

You do not have to be a genius or a multimillionaire to get out of debt and live comfortably. It is never too late to start planning for your financial future as long as you realize the importance of maximizing your current resources. To help you build wealth and live life on your terms, my guest today removes the uncertainty from your financial future by explaining what to buy, how much to spend, and how to maximize every dollar you earn. In today’s episode of Pursuit of Learning, we’re joined by Sam Dogen, founder of Financial Samurai.

Sam spent 13 years in investment banking before launching the personal finance website, Financial Samurai. Several high-profile newspapers and magazines have profiled him, including The Wall Street Journal, The Sydney Herald, The Chicago Tribune, and The Los Angeles Times. Also, Sam has written new book, “Buy This, Not That: How to Spend Your Way to Wealth and Freedom”.

Sam discusses financial terms, including analysis paralysis, probabilistic thinking, income tethering, and FIRE (Financial Independence Retire Early). He mentions that the rate you reach financial independence depends on your work ethic, savings, and willingness to take risks.