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July 2017 – Detailed Financial Report #31 – Net Worth $600,108 | Income $46,442

In Monthly Financial Reports by Gen Y Finance Guy16 Comments

Reading Time: 8 minutesGYFG here checking in for the July monthly financial report. If you have been reading these reports for a while you will notice that I have the same intro month after month. I do this for two reasons; a) for the newbies to the site (which make up about 50% of the site’s traffic), and b) to remind everyone what …

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[Guest Post] Take it to the Bank: The Best Checking Accounts in 2017

In General Information by Gen Y Finance Guy4 Comments

Reading Time: 4 minutesOver the last decade or so, the banking industry has grappled with all-time low interest rates, a languid economy and tough regulations. Against this backdrop, the going has been tough for most banks. However, banks are now getting proactive and reshaping their financial priorities to enhance their performance. In a nutshell, they are looking to make things “better and “safer” …

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PeerStreet – $0 to $77,089.49 in 5 Months

In Real Estate by Gen Y Finance Guy20 Comments

Reading Time: 4 minutesI wrote about PeerStreet for the first time back in March of 2017 after I had been invited to visit their HQ and interview their founders. Since then I have aggressively grown my investment accounts with them in a little less than 5 months. I want to take a deeper dive into the platform and the investments I’m holding in …

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[Guest Post] Welcome to Adulthood

In General Information by Gen Y Finance Guy5 Comments

Reading Time: 4 minutesIt’s summer time and I’m making an active effort to unplug more than I have in the past. So, you will notice a few more guests posts than normal. I appreciate all of the other bloggers, freelance writers, and readers that have raised their hand to help keep the blog alive and well over summer. I hope you’re also taking …

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[Guest Post] Readers Experience Investing in Real Estate on Crowdfunding Platforms

In Real Estate by Gen Y Finance Guy7 Comments

Reading Time: 6 minutesToday a reader takes control of the GYFG keyboard and shares his experience investing in real estate through various platforms, including my favorite PeerStreet (my $80,000 portfolio will be revealed in about two weeks). RadCrowd as he goes by online, has some great takeaways, so be sure to read entire post. By RadCrowd My journey into real estate crowdfunding began over a year ago …

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My Dog’s Perspective on Frugality, Fun, & Finance

In Interview by Gen Y Finance Guy16 Comments

Reading Time: 6 minutesDo you ever realize how happy your dog is just being “present?” I think we could all learn a thing or two observing how a dog takes time to smell the roses (among other things). I often wonder what is going on in my dog’s mind. My wife and I will even go so far as to ask him questions …

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June 2017 – Detailed Financial Report #30 – Net Worth $571,210 | Income $31,672

In Monthly Financial Reports by Gen Y Finance Guy12 Comments

Reading Time: 10 minutesGYFG here checking in for the June monthly financial report. If you have been reading these reports for a while you will notice that I introduce each month with the same intro month after month. I do this for two reasons; a) for the newbies to the site (which make up about 50% of the sites traffic); and b) to remind …

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Passive Income – We Need $120,000 To Cover Our Living Expenses – Where Are We And How Do We Get There?

In Income Streams by Gen Y Finance Guy33 Comments

Reading Time: 3 minutesLate last year I shared a post with you guys on increasing the GYFG household income to $600,000 annually, and in that post there were two concerns that I said I wanted to start addressing in 2017: Concentration Risk – In 2016, approximately $27,000 of the $340,000 that we earned came from passive sources (or about 8%). The majority of the …

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10 Guidelines to Financial Independence in 10-20 Years

In Financial Freedom by Gen Y Finance Guy12 Comments

Reading Time: 11 minutesBelow is a guest post that I did for Mr. 1500 over at 1500days. I am excited to share that at the time, it was one of his most popular guests posts that he had shared with his community. It got picked up by RockStartFinance as well. Who wants to be a millionaire? Come on…don’t be shy, raise your hand. Mr. …