Like a Boss

FIRE Starter: How Creating a Side Project Can Boost Your Marketability and Income

Zach Side Hustle 4 Comments

Zach spent his first three posts providing us with nine actionable tips for savings, investing, and growing wealth in your 20s (part I, part II, and part III). The information in that series could change the rest of your life if you follow it. Today Zach is sharing the benefit of side projects and how they can help you develop skillsets that you can eventually monetize. To me, a side project is synonymous with a side hustle – in my opinion, something everyone should have. Not every side hustle will be commercially successful but that doesn’t make it a failure. I’ve personally had lots of side hustles that have paid off indirectly years later when I could tap those skills I …

Income Report

February 2019 – Detailed Financial Report #50 – Net Worth $1,086,876 | Income $59,020

Gen Y Finance Guy Monthly Financial Reports 8 Comments

Another one bites the dust! Yes, I recently watched the movie “Bohemian Rhapsody,” thus the opening to this post. I thought it was an excellent movie and the music was great!  February flew by. It was a short month but it also happens to align with Mrs. GYFG going back to work and me traveling again after being on a travel hiatus for the last quarter of 2018. I was gone seven of Mrs. GYFG’s first ten days back at work. I felt bad about the timing and tried to make up for it the rest of the month. Our nanny also started with us full time this month and she’s been working out great. We really got lucky! So …

My Commercial Real Estate Portfolio with Rich Uncles

Gen Y Finance Guy Real Estate 10 Comments

Real Estate (RE) has become a much larger percentage of my overall net worth than I had anticipated when I put together my blueprint to a $10M net worth. Back in early 2015, I estimated that RE would make up about 22% of the total net worth pie. Per my latest detailed financial report (December 2018 – when I’m writing this post), RE currently accounts for 50% of net worth. Below is a chart of where I thought we would be from an allocation standpoint back in 2015 vs. what our actual allocation looks like today. There are a couple of drivers that are responsible for this shift in allocation mix: (1) The 2015 projection was my best guess as to the …

4 Years into Our 20 Year Journey to a $10,000,000 Net Worth

Gen Y Finance Guy Financial Freedom 20 Comments

I’ve been itching to write this post for some time. I really can’t believe it’s been four years since I announced publicly that the GYFG household was chasing such an ambitious goal – a $10M net worth in twenty years. I received a lot of doubt at the time, which is understandable, because for most people this is a goal beyond the realm of possibilities – either by circumstance or their own self-limiting beliefs. I get that the income levels required to achieve such a BHAG are insane, but to me, they were never impossible. I see the world through a different lens. I credit a lot of this ability to The Slight Edge, which taught me how to visualize exponential progress …