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2018 Financial Checklist – 12 Steps To Strengthen Your Financial Future

In General Information by Gen Y Finance Guy32 Comments

Reading Time: 9 minutesBeing the new year and all, I thought it would be appropriate to put together a checklist for those that want to improve their financial situation in 2018 and beyond. The reality is that if you don’t take action now, you likely won’t take action later. Remember that building wealth in order to achieve financial freedom is the direct result …

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December 2017 – Detailed Financial Report #36 – Net Worth $664,391 | Income $30,682

In Monthly Financial Reports by Gen Y Finance Guy12 Comments

Reading Time: 9 minutesHappy New Year! And just like that, 2017 is now completely behind us. It’s hard to comprehend that the entire year can now only be viewed from the rearview mirror. How did the year pass by so quickly? From an achievement standpoint, it was another GREAT year, but it was one of the more challenging years that I can recall. I’m not …

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Our Mortgage Will Be Gone In Four More Years

In Mortgage Snowball by Gen Y Finance Guy19 Comments

Reading Time: 4 minutesWe bought our house almost four years ago and we acquired it for ~50% less than the bank said we could afford to borrow. The bank approved us for a $750,000 loan but we ultimately borrowed $355,000 on a total purchase of $376,000 (47% of what we were approved to borrow). Anyone that has read my ten guidelines to rapid …

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My 2018 Goals

In Goal Setting by Gen Y Finance Guy14 Comments

Reading Time: 6 minutesWhere in the heck did 2017 go? Do you remember how slow time used to pass by when you were ten years old? I didn’t believe adults when they told me that time speeds up as you get older. As kids, we wish time would go faster and then the switch flips around high school graduation and we start wishing …

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November 2017 – Detailed Financial Report #35 – Net Worth $644,406 | Income $26,212

In Monthly Financial Reports by Gen Y Finance Guy4 Comments

Reading Time: 9 minutesLast month, after 33 consecutive months of the same format of my Detailed Financial Reports, I decided to shake things up, starting with report #34 (October 2017 Financial Report). However, the introduction will still repeat from month to month, because 50% of my readers are new every month, and I want to offer them all the content in my initial …

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Extreme Frugality Is For The Birds

In Words To Live By by Gen Y Finance Guy11 Comments

Reading Time: 4 minutesIt’s no secret that this blog has nothing to do with extreme frugality. If anything, compared to my peer bloggers, I’m probably categorized as a spendthrift. I have even been accused of leading a rather lavish lifestyle, which I think is complete bollocks. Relative to my income I am “frugal” but that is not because I have crafted some master plan …

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I Did It. I Invested In Death!

In Investing by Gen Y Finance Guy17 Comments

Reading Time: 6 minutesIt’s official: the Grim Reaper and I are now partners. However – let me be clear – we have agreed upon a firewall between our respective functions. The Grim Reaper himself will continue to fulfill his duties in transitioning people from life to death (I’m not into the whole blood and guts scene), and I also stay out of the realm …

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October 2017 – Detailed Financial Report #34 – Net Worth $632,168 | Income $25,282

In Monthly Financial Reports by Gen Y Finance Guy14 Comments

Reading Time: 8 minutesIt’s time to shake things up with this month’s financial update. There hasn’t been much change to the format or content for 33 straight months, and I feel like the time has finally come to inject fresh life into this report and content. Mission Statement: To Humanize Finance, Build Wealth, and Reach Financial Freedom. For those of you that are new around this …

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Death Is Our Only Certainty – What If You Could Ethically Profit From It? You Can, With Life Settlements

In Investing by Gen Y Finance Guy4 Comments

Reading Time: 6 minutesDid you know you can invest alongside the grim reaper? Yes, you can actually profit from death. I know this sounds morbid and probably a bit shady, but let me explain. At the end of this post, I think you will realize that the alternative investment class discussed today provides a win/win for all parties involved, and may just be …

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Warren Buffett And I Share Our Thoughts On Life and Debt

In General Information by Gen Y Finance Guy10 Comments

Reading Time: 8 minutesIn this Warren Buffett series, I have pulled out a few sections from the 50 years of Berkshire Hathaway Letters to Shareholders that I recently finished reading. Although the entire series was filled with a ton of business and investment wisdom, all the pieces that I have pulled for this series are from the past seven years. I will admit that it …