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Blueprint to a $10M Net Worth [Updated]

In Financial Freedom by Gen Y Finance Guy16 Comments

It 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 Guy14 Comments

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

In Financial Analysis, Financial Freedom by Gen Y Finance Guy30 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, …