Financial Engineering

Financial Engineering Your Mortgage For Better Than Market Returns

Gen Y Finance Guy Mortgage Snowball 9 Comments

A while back a fellow blogger and friend of mine, Mr. 1500 or, wrote a piece on whether you should pay your mortgage off early or not. I don’t disagree with his logic as it makes perfect sense. However, like many things in personal finance, I have a hard time with absolutes. Instead “it depends” is a much better answer. Today I am going to make the case for paying off your mortgage early, given the right circumstances are in place. Depending on your own personal goals and circumstances, this may be a viable option for you to consider. Usually the argument goes that you should keep your mortgage, especially given the historically low interest rates. The thought process, …

Goal Check #8

Monthly Goal Check-in #8 – @ 9/1/2016

Gen Y Finance Guy Goal Setting 4 Comments

Well, it feels like I fell asleep on January 1st and woke up in September. Can you believe that 8 months are already gone? FOREVER. Like money, time can also be so very fleeting. The unfortunate truth is that by now, most people have already given up on their goals, and that makes me sad ( 🙁 ). In my opinion that is because of several reasons: People don’t properly plan how they will achieve their goals. People don’t have the right accountability system in place. People don’t write their goals down, and then end up forgetting about them. People make less progress than they planned, they get discouraged, and throw in the towel. People set the wrong goals. People set …

August 2016 Financial Report

August 2016 – Detailed Financial Report #20 – Net Worth $432,743 [+36.2% for 2016 YTD]

Gen Y Finance Guy Monthly Financial Reports 10 Comments

GYFG here checking in for the August 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 August 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 …

My plan to $600K in Annual Income

How I Plan to Increase My Annual Income to $600,000

Gen Y Finance Guy Income Streams 25 Comments

As long time readers, many of you have picked up on the fact that I am a big believer in setting goals and long term visions. This is exactly why I share my annual goals and monthly progress in achieving those goals. It’s also why I shared my own blueprint in achieving a net worth of $10M and $600,000 in annual income. When you put together a 20 year vision, you have to accept that lots of variables can change along the way. Today, I really want to zero in on the income side of this 20 year vision to $10M in net worth. First, my income assumptions have been absolutely blown out of the water, and we are much …