Investing with Options – The Covered Call

Gen Y Finance Guy Options 24 Comments

Over the years I have taught many friends and co-workers about stocks and options. This was actually one of many impetuses for me to start this blog. Too many people are fooled into believing that options are too risky and complicated. This just isn’t the case and I want to help take your investing to the next level. If you truly want to be a self-directed investor, you need to understand how to use options in your portfolio. Even the great Warren Buffet uses options in his investing activities and that’s from a guy that likes to keep things simple. I am going to show you how investing with options can be very simple. In February I laid out rule number …

Thursday Rant #3 – Dear Boss, You Suck!

Gen Y Finance Guy Featured, Rants 44 Comments

It’s been two months to the day since the office time-keeper threw me under the bus. I guess it should be no surprise that she strikes again. The first time bothered me, but this one absolutely pissed me off. They say, “It is better to be pissed off, than pissed on.” But I am not so sure I agree (since I feel like it was me getting pissed on that pissed me off). [Mr. CEO here] – Seriously, that was a disgusting image you just painted in my head.  Hold on to your computers, tablets, and phones, THIS one is going to be a fun read. GYFG texted, messaged and called me about this one from work. I had to talk him off the …

The First 6 Months of Blogging

The First 6 Months of Blogging – By The Numbers

Gen Y Finance Guy Blogging, Featured 79 Comments

Has it really already been 6 months? Holy crap that came a hell of a lot quicker than I thought it would. No one told me or warned me how much work it would be to start and grow a blog. It is a lot of work! But more importantly, it has been 10 times more rewarding than I expected it to be. This blog was born on September 25th, 2014 when I officially pushed the buy button to purchase the domain and hosting from Blue Host. I have wanted to start a blog for years. In fact, I actually did start a blog back in 2009, but not really for the public. I used the blog as a place to share investing …

[Guest Post] Mr. CEO’s First Blog Post – EVER

Gen Y Finance Guy General Information, Uncategorized 18 Comments

Alright GYFG, I think it’s time for me to start telling people what I have to say since you seem to be having all the fun. Before we get too far, I wanted to throw out a quick “about me” so people know who I am and why I am here. [Mr. GYFG – just for fun I will interject occasionally] Here’s my bullet point version: Born in 1979 (so I am just barely part of Gen Y – but I am claiming it!!!) [Mr. GYFG – its close enough] I went to school to be an English Literature teacher and yet keep finding myself in Finance roles. [Mr. GYFG – good thing one of us understands how to communicate using the English language] …

March 2015 – Detailed Financial Report #3

Gen Y Finance Guy Monthly Financial Reports 38 Comments

The year is officially 25% complete.  I can honestly say this is the post I get most excited about writing each and every month. These reports are a way for me to track my progress and stay accountable to my goals. But it’s also one of the many ways I try to humanize finance for all of you reading this blog. By the way, in case you missed it, we do have a mission statement: To Humanize Finance, Build Wealth, and Reach Financial Freedom. I know I don’t have to publish my juicy details every month, but it’s important to me that you know that I put my money where my mouth is (because not that many finance blogs do this). …

The Freedom Fighter

Gen Y Finance Guy Freedom Fighter

Who am I writing for? Over the course of the last six months I have spent countless hours trying to figure out exactly who it is that I’m writing for. It has taken about 40 posts, 50K words, 120 hours, and reading over 100+ personal finance blogs in order to finally answer this burning question. [Update: This was written at the six month mark of GYFG. As of 05/2018, I’m up to 266 posts, 486,573 words, and 1,000+ hours. Most importantly, I am still learning, both about the GYFG readers, the world of personal finance, and about myself. I’m honored to be a part of the journey of each and every one of the GYFG readers.] At the end of the …

2015 content curation

March 2015 – Content Curation

Gen Y Finance Guy Curated LInks 32 Comments

This monthly series is my attempt to curate the web for you. I probably consume more content than one person should, but I am kind of a knowledge junkie. I don’t just consume content for the sake of consumption. The goal is always to learn something, gain a new perspective, contribute to the conversation, and fuel the idea factory. Reading is exercise for the brain and just like the body, it needs plenty of it to stay healthy. In any given month I try to read at least 3-5 books. I also have over 100 different blogs that I follow from my Feedly app. In addition to the books and the blogs, I also listen to about a dozen podcasts. And then …

Anatomy of a Side Hustle: How I made $18,000 at an effective rate of $100/hour

Gen Y Finance Guy Featured, Income Streams, Side Hustle 42 Comments

Your 9 to 5 will make you a living, but your 5 to 9 will make you alive. -Nick Loper, Side Hustle Nation A side hustle is anything you do outside of your main hustle (your JOB) to earn money. I personally think that everyone should have a side hustle, even if only for the tax benefits. The extra income is really nice, too. Everyone has their own reason for starting a side hustle, but here are a few reasons why you might want to consider starting one: To Earn More Money To Pay Off Debt To Learn New Skills To Work On Something You’re Passionate About To Quit Your Day Job (Eventually) To Diversify Your Income Streams For the Tax …

Paying Off Your Mortgage Early vs. Investing The Extra Payments In Stocks

Gen Y Finance Guy Mortgage Snowball 43 Comments

Over the last several months I have written about how I plan to pay off my 30 year mortgage in 7 years and also debunked the whole loss of the tax deduction. In the post about losing out on the tax deduction I presented the math that proved the interest savings over the 7 years was far greater than the loss in the tax savings as a result of lower tax deductions. The math showed that while I lost $10K due to an increased tax bill over the 7 years, the interest savings more than offset that with a total savings of $27K or a net savings of approximately $17K. In that same post, I briefly addressed why I am doing this vs. investing the extra money in …

February 2015 – Detailed Financial Report #2

Gen Y Finance Guy Monthly Financial Reports 27 Comments

Wow! Where does the time go? I can’t believe that it’s already time for my 2nd detailed financial report.  I can honestly say this is the post I get most excited about writing each and every month. These reports are a way for me to track my progress and stay accountable to my goals. But it’s also one of the many ways I try to humanize finance for all of you reading this blog. By the way, did you notice we officially have a mission statement? To Humanize Finance, Build Wealth, and Reach Financial Freedom. It has been something that has been on my mind for a while. It has finally been articulated into words and can be seen by all on the home …