Financial Truth

The Financial Truth: There’s a limit to how much you can cut expenses, but there’s no limit on how much you can earn.

Gen Y Finance Guy Featured, Financial Freedom, New Rules 13 Comments

Do you want more from life? More money? More freedom? More security? More time with friends and family doing the things you love? I don’t know anyone that would say no to these questions. That’s not to say that there aren’t plenty of people out there that are completely content with their lives. Maybe they have all the money, freedom, security, and time they need and want. I need to let you in on a Financial Truth when it comes to your finances. There is a natural ceiling on how much you can save, but how much you can earn is limitless. Now that we know that universal truth, let’s take a look at the two ways you can build wealth: 1) You can spend less. Unfortunately there is …

Markets don't go up forever

Markets Don’t Go Up Forever!

Gen Y Finance Guy Financial Markets 1 Comment

Here are some questions that could be going through your head: With the market down close to 10% from the September high of 201.9, is this a buying opportunity? Should I be short the market betting there is more downside to come? Is the Bull Market over? How do I prepare for the next “opportunity of a lifetime?” After hitting a low of 660 back in March of 2009, is this Bull Run finally over after 6 impressive years? How does the Feds’ decision to end QE this month play into the recent price action over the past month? Is it a coincidence? Are prices still over-valued? Are we entering a new Bear Market? Will volatility be short-lived or remain elevated for some time to …

Debt - Good vs. Bad

Managing Debt: The Good, The Bad, & The Ugly

Gen Y Finance Guy Debt Leave a Comment

Debt has such a negative connotation associated with it. I think most of the negativity stems from the irresponsible issuance and management of debt. The Great Financial Crisis of 2008 came with a massive unwind of debt that had been building up over several decades prior to this defining moment in history. Is debt bad? Is it evil? Should it be avoided like the plague? My gut answer would be, “it depends.” I will get to that in a minute in more detail. But as a rule I would say that my philosophy is to earn interest rather than pay interest. At least that is my goal. At the end of the day I think there can be an argument made for …

Getting Older

I’m 28 years old, now what?

Gen Y Finance Guy General Information 1 Comment

By the time this post goes live I will be 28 years old. But unlike many of my friends, I still don’t feel any older. In all honesty, I still feel like I am 16 years old but with a lot more knowledge and life experience. You could say that I’ve matured (even that is questionable), but I will never grow up :). The picture you see in this post is the Del Mar Ocean, where my wife has whisked me off for the weekend. As you can tell from the picture, the view from our condo is absolutely stunning. The sunset last night was even more amazing. I am grateful to have the privilege to be able to do things like this. …

American Dream

We Don’t Have Our Parents American Dream

Gen Y Finance Guy New Rules 3 Comments

The world is changing. There’s a feeling in the air today, around America and throughout the world, that what people believed about financial security and prosperity is no longer true. A lot has changed in the last [six] years. You have three ways to react to these changes. First, you can stick your head in the sand and hope that everything returns to normal – but that isn’t happening. Second, you can blame others and demand that prosperity and security be given to you because you believe it is your right to have these things – but this won’t occur, and even if it did, it would only come with a terrible price to pay. The third option is to take …

Lyft

The Lyft Experiment

Gen Y Finance Guy Financial Freedom, Income Streams, New Rules, Share Economy 3 Comments

The best thing about this day and age is there are so many alternative ways to earn money. In a previous post I talked about how I was embracing the “Share Economy,” whereby you basically find a way to earn money with the “excess capacity” in the things you already own. A few posts ago I talked about leveraging the share economy to rent a room out in my house (think Airbnb and Craigslist), today I want to talk about my newest experiment with Lyft. Ride share apps like Lyft (and Uber) are disrupting the taxi business (and possibly other businesses in the transportation space). The app that each of these companies provide is easy to use and removes friction from …