Simple Money Man Guest Post

[Guest Post] Make Saving Easy and Spending Hard

Gen Y Finance Guy Financial Freedom 7 Comments

Today we have a guest post from Simple Money Man on saving and spending. He has been a long-time reader and regular commentator on the blog and so when he reached out I was more than happy to host a guest post from him. Although our opinions differ on a few points in his post below, I know that not everyone to this site resonates with my philosophies, and some may be early in their journey and need to practice more of what Simple Money Man recommends below.  A part of me has this weird conspiracy theory that we spend so much because we are subliminally trained to do so. This is evident with incentives like rebates, points, rewards, free …

January 2018 Income Report

January 2018 – Detailed Financial Report #37 – Net Worth $674,336 | Income $26,935

Gen Y Finance Guy Monthly Financial Reports 9 Comments

If you blinked, you missed January, as it was gone in a blink of an eye (at least for me). I hope that 2018 is off to a good start for each and every one of my readers. I also hope that you have already been taking steps to improve your financial future (I outlined 12 ideas here). Here, January was a mix of work, play, and much-needed relaxation. The busiest time of year for us starts mid-October and runs through mid-January. It was nice to end the last half of January in South Lake Tahoe. We rented a condo and made an eight-hour drive to it with our dogs in tow for ten glorious days of downtime. As is typical, …

Market Corrections

Market Corrections Represent Opportunity: Here is How I’m Capitalizing On The Recent One!

Gen Y Finance Guy Investing 9 Comments

It’s been quite some time since we’ve witnessed the kind of volatility we saw over the past two weeks of trading (1/29/18 to 2/9/18). But I really don’t know how anyone can be surprised that we finally got this long overdue correction in the stock market. Corrections are natural and healthy. Perhaps it’s because we’ve had such a long run of upward motion this time that people acted as if they’ve forgotten this! If you look at the peak to trough correction of the date range referenced above, the S&P 500 experienced a -12.1% decline. These are the types of opportunities that justify building up an opportunity fund (what I like to refer to as “dry powder”). Note: I will use …

Tax Season

You Have The Power To Slay Your Own Taxes

Gen Y Finance Guy Taxes 11 Comments

Happy Tax Season! This is a time of year that I both love and hate. I love it because it provides one final opportunity to review the year that was. I hate it because my blood starts to boil a bit when I see how much I have already paid in taxes. The strong likelihood that I will owe even more makes it hurt that much worse. Don’t get me wrong; I think that everyone should pay a fair share. As a citizen, I accept my part in that. The roads we all use are not going to build themselves. It’s smart to maintain a military to protect our hard-won freedoms. Social programs for the less fortunate need funding, and …

How Selling Options May Be Safer Than Buying Stock

Gen Y Finance Guy Investing 1 Comment

Today I am sharing a Post that was originally published on Financial Samurai and is a piece I wrote almost two years ago. With the recent market sell-off, I thought it timely to share this post with you because selling options is best when volatility is elevated. I have always believed that risk is a function of education. The financial media may have you convinced that options are very risky and you may even believe they are weapons of mass destruction. But what if I told you that if you use options the right way (which is not to speculate) that you could actually take less risk using them than by buying stock outright? And in doing so you would increase …