Top 5% Income Earner

Income Across the USA – What Does It Take To Be In The Top 5%? Top 1%?

Gen Y Finance Guy Financial Analysis 12 Comments

As the income of the GYFG household has continued to grow, being the data obsessed fellow that I am, I started to wonder where we ranked across the Unite States. Most people benchmark their investment returns, so why not benchmark your income? Lucky for us, the NY Times has made this extremely easy with the interactive tool they created (based on …

Mortgage Like a Bond

Paid Off Mortgage is Equivalent to a…Perpetuity?…Bond?…Dividend Paying Stock?

Gen Y Finance Guy Financial Analysis, Mortgage Snowball 25 Comments

Having a fully paid mortgage sure does get a bad wrap around personal finance circles. I constantly see arguments about money being super cheap and that paying off the mortgage will lead to a loss of the interest tax deduction. I won’t argue that rates are historically cheap and that eliminating your mortgage will lead to eliminating the tax deduction. …

The First Million

Earning Your First Million Dollars – A Stroll Down Memory Lane

Gen Y Finance Guy Financial Analysis 29 Comments

Have you ever heard the saying that “earning the first million is the hardest?” Or what about “the 2nd million comes faster than the first?” Supposedly it gets easier and faster the further along you travel in your financial journey. These questions got me thinking about how long it took me to earn my first million (or more accurately asked, …

Savings Rate vs. Compound Rate

Savings Rate – The Most Important Variable to Wealth Building [and the math to prove it]

Gen Y Finance Guy Financial Analysis, Financial Freedom 30 Comments

When it comes to wealth building there are many variables to consider, but as I have stated in my monthly financial reports many times, it’s the savings rate that doesn’t get the attention it deserves. This is especially true in the short run and when you are trying to accumulate wealth as quickly as possible (20 years or less). Yes, …