Last year, after selling a chunk of his stock and bond portfolio to purchase a house in cash, Sam Dogen found himself with too little passive income to support his family's budget.
It turned out, this particular gig didn't align with his personal or financial priorities at this point in his life.
By last year, his passive income portfolio, which includes stocks, bonds and real estate investments, among others, was bringing in about $380,000 a year.
"That shored up a huge hole in my passive income," Dogen says.
That won't produce passive income unless Dogen reinvests it, but it gave him the cash cushion to paper over some short-term cracks in his finances.
Persons:
Sam Dogen, Dogen
Locations:
San Francisco