Warren Buffett on Investing

Warren Buffett – The Basic Choices for Investors

Gen Y Finance Guy General Information 5 Comments

Here is part two in this Warren Buffett series (read part one here), covering a few of the sections I have pulled out from the last 50 years of Berkshire Hathaway Letters to Shareholders, which I finished reading in October of 2017. Although the entire 50-year series was filled with a ton of business and investment wisdom, all the pieces that I pulled are from the past seven years. I admit a probable recency bias, whereby after reading almost 700 pages, I remember more of the recent letters than the older ones. Needless to say, you bet I will be reading through all those letters again in the future. For the selections in my two posts, I pulled Buffett’s insights and comments …


Managing $50,000 to $100,000 Net Worth Buckets

Gen Y Finance Guy Investing 16 Comments

It wasn’t too long ago that I thought in terms of $1,000 to $10,000 buckets. As our income and net worth have grown, so too has my approach to thinking in terms of absolute dollar buckets. As we work our way towards a seven-figure net worth, I can’t help myself but think in terms of $50,000 to $100,000 buckets now. I recently reported our net worth at $664,391, which is broken down into the following buckets (slightly different composition then my December financial report indicates since I have deployed some cash since then): (1) Equity in our home at $180,409 ($450,000 Market Value – $269,591 Loan Outstanding) (2) Company Stock $105,045 ($317,045 market value less zero-interest loan of $212,000) (3) Cash at …

2018 Financial Moves

2018 Financial Checklist – 12 Steps To Strengthen Your Financial Future

Gen Y Finance Guy General Information 38 Comments

Being the new year and all, I thought it would be appropriate to put together a checklist for those that want to improve their financial situation in 2018 and beyond. The reality is that if you don’t take action now, you likely won’t take action later. Remember that building wealth in order to achieve financial freedom is the direct result of simple disciplined steps made consistently over time. Notice that these are not “goals,” but rather a list to follow of 12 EASY ACTION STEPS you can take to ensure your financial house is built on a solid foundation. I’m making it super easy; you can take just one action step a month through the end of the year and complete the whole list. And …

Crushed 2017

December 2017 – Detailed Financial Report #36 – Net Worth $664,391 | Income $30,682

Gen Y Finance Guy Monthly Financial Reports 15 Comments

Happy New Year! And just like that, 2017 is now completely behind us. It’s hard to comprehend that the entire year can now only be viewed from the rearview mirror. How did the year pass by so quickly? From an achievement standpoint, it was another GREAT year, but it was one of the more challenging years that I can recall. I’m not one to get anxious or overly stressed, but I admit that 2017 pushed all the right buttons to test my resolve. In the end, I emerged a stronger and more resilient person. It is through adversity that we come to appreciate our blessings and success in the short time we have on this amazing planet. It’s a reminder that sometimes …