When Motivation Wanes Discipline Reigns!

Gen Y Finance Guy Words To Live By 3 Comments

Motivation can be fleeting. It can be on again, off again. Because of its inconsistent nature, motivation can’t be the only tool in your belt to keep you moving forward toward achieving your goals. Or your to-do list. Or even the one task presently at hand. Let’s face it, we have all had days where we lacked motivation. But the difference between the average person and the serial achiever is the achiever’s ability to harness discipline when enthusiasm is low. Do you think Michael Phelps enjoyed every one of his grueling workouts on the way to his Olympic podium position? Was he super stoked at every one of his solitary multi-thousand yards in that pool? I never asked him, but I bet …

LateFIRE – The Beginning

Gen Y Finance Guy Freedom Fighter 16 Comments

This post marks the start of a new series and a new voice to the GYFG community. We all come from different walks of life and each journey is unique. What brings us together is the common goal of financial independence, whether that be LeanFIRE, FatFIRE, or FlexFIRE (I just made that last one up for those of us who want to work forever, but not because we have to). I realized a long time ago that not everyone can relate to my story for many reasons, a gap in age being a big one. Nonetheless, I constantly remind people that it’s not where you start in life but where you finish that counts. “The best time to plant a tree …

Income Report

June 2018 – Detailed Financial Report #42 – Net Worth $806,918 | Income $41,466

Gen Y Finance Guy Monthly Financial Reports 15 Comments

Wow, June was a doozy of a month. I felt like I traveled all around the world in 30 days. That might be a bit of an exaggeration but I did travel for half the month. I made it to Toronto, San Francisco, New York, Lake Mead, and Dana Point. The good news is Mrs. GYFG was with me for three out of the five trips and on those we got to really relax. I got bored on one of my flights and decided to pay an extra $5,000 towards the principal balance on our mortgage. You have to love being able to get Wifi from 30,000 feet up in the air. A few short days later I was walking …

How We Plan To Destroy Our $227,000 Mortgage Balance In 14 Months

Gen Y Finance Guy Mortgage Snowball 31 Comments

Imagine life without the shackles of debt. The GYFG household developed such a vision back in 2015 when we decided to pay off our $350,000 mortgage in seven years. We had already eliminated student loans, car loans, and were in the regular habit of paying off the credit cards every month (always have, always will). We developed what we thought was an achievable plan based on a projected income that turned out to be far less than what we have actually realized. In December of 2017, I shared how well the GYFG mortgage snowball strategy was performing and that we would be mortgage-free in four more years, based on following that original plan. I have been very careful to balance our net worth …