May 2016 - Gen Y Finance Guy

This blog is not about…but it is about…

Gen Y Finance Guy May 30, 2016 General Information 34 Comments

In order to tell you what this blog is about, I first must tell you what this blog is not about: Frugality – This is not another blog to join the frugality movement. That is already being taken care of very well with blogs like Mr. Money Mustache and the Frugalwoods. Although I would consider myself frugal in the sense that I try not to waste money on things that don’t bring value to my life. I am not very frugal when compared to the folks leading this movement. I am not going to tell you how you can eat for less than $1/meal. I’m also not going to tell you to cut out your daily latte from Starbucks if that is something …

[Guest Post] Freedom Fighter Interview #25 – The Frugal Vagabond

Gen Y Finance Guy May 23, 2016 Freedom Fighter, Interview 11 Comments

Today, the blog is taken over by the Frugal Vagabond. He and his fiancé have already traveled to 30 different countries together and have no plan to stop traveling anytime soon. Actually, they are on track to hit early retirement in 2019, where they plan to become full time Vagabonds. Their goal is to accumulate $600,000 in stocks and bonds and enough rental real estate to produce $3,000/month in rental income. By their math this would give them the $5,000/month they believe they need to support their early retirement Vagabond lifestyle. Who are you and what do you do? What is your story? How are you fighting for your Freedom? Where did you start, where in the journey are you, and …

The Reality of The Overnight Success…It’s 10 Years in the Making!

Gen Y Finance Guy May 16, 2016 Career 30 Comments

My guess is that many of you who read this blog suffer from the self-imposed belief that you always have to be “on” and “productive”. You’re a SERIAL ACHIEVER that has a hard time shutting it off and shutting it down. You always have to be learning. When you’re not learning you’re taking action and applying what you’ve learned. You’re almost always doing one of the following: You’re Producing. You’re Creating. You’re Planning. You’re Teaching. You’re Taking Massive Action. Rinse & Repeat! It’s what we know will get us everything we desire in this life. People like us realize that if you don’t go to work building your own dream, you’ll end up living your whole life building someone else’s dream. We take …

Monthly Goal Check-in #4 – @ 5/1/2016

Gen Y Finance Guy May 11, 2016 Goal Setting 17 Comments

Here we are another month behind us. The bad news is that April didn’t go by any slower than March. The good news is that with 4 months down we still have twice as much runway with 8 months ahead of us. Last month I spent a bit of time trying to put into perspective just how important time is to us all. I also mentioned my Momento Mori chart, which is where I got the idea of the goal tracking system that I created this year and use in this monthly update. It’s a grid of 52 columns in width (represents weeks in a year) and 100 rows tall (represents years). I personally have a goal to live to 100, …

[Guest Post] Freedom Fighter Interview #24 – Brian @ Rental Mindset

Gen Y Finance Guy May 9, 2016 Uncategorized 17 Comments

Our guest today is a fellow Gen Y Freedom Fighter. Brian successfully broke away from the traditional day job to run his own business and now has set his sights on financial freedom. He plans to get there by investing in cash flow rental properties located thousands of miles away. Let’s turn it over to Brian… I’ve always looked at things a bit differently than most, somehow devoid of the fear of looking stupid by going against the crowd. Five years ago, at the age of 25, I quit my well-paying Silicon Valley tech job and blasted out this email to everyone I knew: Have you ever been to a wild and crazy retirement party? Well this Friday night is …

April 2016 – Detailed Financial Report #16 – Net Worth $370,744 [+16.7% for 2016 YTD]

Gen Y Finance Guy May 5, 2016 Monthly Financial Reports 23 Comments

GYFG here checking in for the April monthly financial report. If you have been reading these reports for a while you will notice that I introduce each month with the same intro month after month. I do this for two reasons, a) for the newbies to the site (which make up about 50% of the sites traffic) and b) to remind everyone what these reports are all about. By all means if you have read the intro at least once, then please feel free to skip down to the “Summary of April 2016” section where the new content begins (click the orange link to be taken there automatically). For those of you that are new around this corner of the internet, I …

From the Mailbag #1 – Savings, Investments, Credit, and Debt

Gen Y Finance Guy May 2, 2016 General Information 11 Comments

Today we start a new series that I thought would be a fun and interesting addition to the blog. As the blog has continued to grow over the past 15 months, the amount of emails I receive from readers has sky rocketed in volume. I started to think that if one reader has these questions, then there are probably others that have the same questions, but are to shy too reach out. So, “From the Mailbag” is born. I don’t know how often I will publish these just yet, but enjoy them as they come. From Chas I am 28. I make around 40k after taxes. I expect a 2 percent increase per year. I have 3k in my 401k. …