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10 Guidelines to Financial Independence in 10-20 Years

In Financial Freedom by Gen Y Finance Guy13 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. …

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Big Money Moves in 2017 – Putting Over $250,000 To Work

In Financial Freedom by Gen Y Finance Guy37 Comments

Reading Time: 4 minutesDo you plan your big moves out in advance? Or do you just fly by the seat of your pants? I believe that if you want to do something extraordinary in any aspect of your life, you have to be pre-meditated. That’s not to say there isn’t room for serendipity, but I can’t stress enough the importance of being intentional …

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Wealth Building Made Simple: Make Sure You Get A Little Richer Every day

In Financial Analysis, Financial Freedom by Gen Y Finance Guy10 Comments

Reading Time: 3 minutesNote: Just to clear up any confusion, although I say “get a little richer every day,” I don’t mean this in the literal sense. The idea is to get a little richer every day on average. Personally I calculate this by taking my total savings for the year dividing by 365 days. I have known since I was a little …

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[Guest Post] Freedom Fighter Interview #29 – Amber Tree Leaves

In Financial Freedom, Interview by Gen Y Finance Guy8 Comments

Reading Time: 6 minutesToday we have our last interview in this Freedom Fighter Series that we started last year. And today’s guest is writing from across the glob in Belgium. He is a fellow options enthusiast and is shooting to reach financial freedom by 2029. 1. Who are you and what do you do? What is your story? How are you fighting for your Freedom? …

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Blueprint to a $10M Net Worth [Updated]

In Financial Freedom by Gen Y Finance Guy16 Comments

Reading Time: 4 minutesIt was 18 months ago as of this writing that I first published my very rough plan to achieve a Net Worth of $10M and $50,000/month in income. When you put together such an ambitious plan that stretches over a 20 year period, you have to expect things to evolve. This post is my attempt to first give a status update …

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Living Below Your Means by Expanding Them

In Financial Freedom by Gen Y Finance Guy17 Comments

Reading Time: 10 minutesIn the early stages of your financial journey it probably makes sense to be expensed focused as you work to build a solid financial foundation. But I caution you to resist the temptation to fall trap to the extreme frugality path to wealth. It works for some people, and that is great, but most of us just are not wired …

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Looking at Savings Rate through the Financial Independence Lens

In Financial Analysis, Financial Freedom by Gen Y Finance Guy19 Comments

Reading Time: 3 minutesIn previous posts I have talked about how we currently strive to save 50% of our after tax income and how important your savings rate is in building wealth rapidly. But after listening to the Radical Personal Finance Podcast, it made me realize that this may have not been enough to sway you. What I mean, is that this may …

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

In Financial Analysis, Financial Freedom by Gen Y Finance Guy37 Comments

Reading Time: 8 minutesWhen 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, …

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The Power of Tracking & Setting Goals – My 2016 Financial Goals

In Financial Freedom, Goal Setting by Gen Y Finance Guy35 Comments

Reading Time: 6 minutesI would like to say that I have always been a goal oriented person, but that would not be the truth. Although I have been AMBITIOUS for as long as I can remember, I haven’t always given myself a clear path to success. It wasn’t until I read the Slight Edge for the first time in 2011, that I became OBSESSED with SETTING …