This man makes $200K a year in passive income yearly at 33. Is his approach Fastlane?

[FastLaner007]

Your thoughts on his story from being in slowlane to now being financially free? Would you guys call him financially free?

Thanks.

The 5 steps to follow to make passive income

Sam spent 13 years working in finance before retiring at age 34. He lives in San Francisco with his wife and baby and runs the blog Financial Samurai. He and his wife earn about $200,000 a year mostly from investments in stocks and bonds, real estate, and sales of an e-book he wrote.

amp.businessinsider.com

 

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[MJ DeMarco]

If the stock market crashes 50% and we hit a recession, is he still financially free? Probably not.

Swapping your dependence from a JOB to WALL STREET doesn't create financial independence.

It's just changing your master.

In looking at his financial profile, looks like 50% of his income comes NOT from sources not pegged to the stock market. IMO, that's not enough but it's an awesome start -- optimally I prefer to have sources attributed to the markets be less than 20%, better, 10%. The other sources of income is the "Fastlane" element of it.

And look, now that the mainstream media has hitched on this "save until it hurts" narrative and invest with Wall Street, you can bet his general income will rise, but not from the stock market, but from his business activities and the thousands (or millions) in free publicity which supports this financial orthodoxy.

Once again, sell Slowlane, get richer Fastlane.

From the article...

On a similar note, this is a great example of the wealth equation example I highlighted ...

Keep building your equation and you will keep building wealth. He's created multiple variables, many which can be manipulated.

View: https://www.youtube.com/watch?v=85xMGoHAcJQ

 

[FastLaner007]

If the stock market crashes 50% and we hit a recession, is he still financially free? Probably not.

Swapping your dependence from a JOB to WALL STREET doesn't create financial independence.

It's just changing your master.

In looking at his financial profile, looks like 50% of his income comes NOT from sources not pegged to the stock market. IMO, that's not enough but it's an awesome start -- optimally I prefer to have sources attributed to the markets be less than 20%, better, 10%. The other sources of income is the "Fastlane" element of it.

And look, now that the mainstream media has hitched on this "save until it hurts" narrative and invest with Wall Street, you can bet his general income will rise, but not from the stock market, but from his business activities and the thousands (or millions) in free publicity which supports this financial orthodoxy.

Once again, sell Slowlane, get richer Fastlane.

From the article...

On a similar note, this is a great example of the wealth equation example I highlighted ...

Keep building your equation and you will keep building wealth. He's created multiple variables, many which can be manipulated.

View: https://www.youtube.com/watch?v=85xMGoHAcJQ

Thanks for the reply, MJ. I learnt from your book that tying up wealth in stock market isn't a good idea. But you advised in UnScripted to invest in dividend paying stocks. Aren't your recommending stock market investing there?

Thanks, Sir.

 

[MJ DeMarco]

Aren't your recommending stock market investing there?

Yes, but not 100% of your net worth, much less 50% of it. Dividend stocks are a reliable income stream that should be a part of your paycheck pot. It's one variable among many.

This guy is definitely on the right track, especially seeing he's now diversified into entrepreneurial pursuits that have Fastlane mathematics.

 

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[Greg Behnke]

Imagine if the guy lived anywhere but SF. His lifestyle burn rate would be significantly less almost anywhere else.