Peer to Peer Lending

Humble Beginning in Peer to Peer Lending

Gen Y Finance Guy Investing 19 Comments

I first dipped my toes in to the Peer to Peer lending market back in 2010. Back then I was just dabbling and transferred $2,000 into my investment account over a 6 month period. Looking back at the history it looks like this initial investment was made up of 5 separate deposits. I don’t really remember what put P2P lending on my radar, but I do remember finding it intriguing…obviously it was interesting enough for me to divert some capital over to a P2P platform. Prosper was the first platform I found that facilitated such P2P lending activity. I am pretty sure Lending Club was around at the time as well, but I chose to invest my capital using the …


[Guest Post] I only have $200 a month to invest, here’s what I do with it.

Gen Y Finance Guy Investing 4 Comments

I am surprised to learn that millennials are actually pretty good at saving money. At times, the media can paint a picture of millennials as naive, buried in debt, and lacking common sense. This might be true for some 20 somethings, but millennials are saving anywhere from 5%-10% of their salaries. Only recently have I been able to start saving money for my retirement. I am learning there isn’t a one size fits all answer for where you should be investing your money but the challenge of “figuring it out” is exciting to me. I should probably put in the standard disclaimer that the following opinions don’t constitute as financial advice and you should always consult with someone who specializes …

Goal Check 10

Monthly Goal Check-in #10 – @ 11/1/2016

Gen Y Finance Guy Goal Setting 10 Comments

The theme for October has been to focus on health and fitness. All of the financial goals have either been exceeded or are on autopilot to success through the end of the year. As I shared earlier in October, I placed a $1,000 bet with a co-worker, with the winner who loses the most weight winning. The bet was officially agreed on 10/7/16 and I had a starting weight of 228.4lbs (I will spare you with the before pictures…for now). Let’s just agree that I didn’t start at my leanest. That said, it will be fun to compare the before and after pictures when we make the final weigh in on 12/21/16. Below is my current weight loss trend over …

2016 Q2 Portfolio Update

[Guest Post] Freedom Fighter Interview #28 – Nick True

Gen Y Finance Guy Freedom Fighter, Interview 4 Comments

Today we have Nick True, a Mechanical Engineer, and a self proclaimed tightwad. He got married young, at 20 years old, and then proceeded to ruin his honeymoon. But he and his wife got through this, and learned core beliefs and principals that now guide their financial life. I hope you enjoy the interview below. Nick, the floor is yours… Let’s Get This Out Of The Way First I’ve found it’s best to just start off standing on stage, in nothing but my underwear. It lets you get to know the real me, and forces me to come out from behind the bushes. In other words, I want to start off with my biggest financial mistake. So here goes nothin… I …


[Guest Post] Polaris Portfolios – Innovative Investing Towards Financial Freedom

Gen Y Finance Guy General Information 8 Comments

Today we have a gust post submission form Mike McDermott, cofounder of Polaris Portfolios. Mike reached out to me a few months ago to pick my brain about personal finance and roboadvisors. I admitted to him that I didn’t know much about roboadvisors and haven’t written anything due to my lack of experience putting any money to work with a roboadvisor. Shortly after connected on email, we jumped on a call. I shared my journey creating the blog and then he shared with me what he and his cofounder Evan had been up to over the last 18 months. Below is their story and a little bit about the new roboadvising firm they have created. This is not a sponsored …

October 2016 Financial Report

October 2016 – Detailed Financial Report #22 – Net Worth $479,950 [+51.1% for 2016 YTD]

Gen Y Finance Guy Monthly Financial Reports 2 Comments

GYFG here checking in for the October 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 October 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 …

High Income Earner

[Guest Post] What I Learned Working With Someone Making $1.5M a Year

Gen Y Finance Guy Career 14 Comments

Today we have a guest post from Finance Solver, the blogger over at He is a recent college graduate with a degree in finance and is sharing his unique path to wealth building, just like the rest of us in the personal finance blogosphere. In the guest post to follow, Finance Solver is going to share what he learned working with a CFO earning $1.5M per year. Take it away Finance Solver… The majority of people want to be a millionaire, including Mr. GYFG and myself. There’s no doubt about it. However, instead of being worth $1M, what if you could make over $1M by just working one year? That sounds like the dream. To get to that status, though, …