Ex-Goldman analyst can't live comfortably on $230k
Former Goldman Sachs analyst Sam Dogen — also known as the Financial Samurai online — once decided to cash in on a huge chunk of his investments to buy a “forever home” for his family.
But by selling his stocks and bonds, he lost about $150,000 a year in passive income.
“My family and I could have been set for life. Instead, due to my inability to beat back real estate FOMO (fear of missing out), I blew up our passive income,” Dogen wrote in a blog post.
“Desire is the cause of all suffering.”