How I Bought The GYFG Family Electric Bikes With Free Money ($3,797.95 Worth)

Gen Y Finance Guy Smart Spending 7 Comments

My favorite price in the whole world is FREE. I remember in college my Economics professor tried convincing the class that there was no such thing as a free lunch and he even gave us an acronym to remember it – TINSTAAFL. I don’t remember that professor’s name but I remember his lesson clearly.  Today, I officially call bull$hit on this. In theory, this may make sense but in reality – where we all live – this couldn’t be further from the truth. I’ve personally enjoyed hundreds of free lunches over the years. Economic theory tells us you can’t get something for nothing. Lies!!! During my first five years out of college, I worked for an oil company and they …

[Sponsored Post] Link by Prudential

Gen Y Finance Guy General Information 5 Comments

New onto the scene of technology-assisted money management is LINK by Prudential. Prudential is not some fly-by-night start up after your money (or data), and in fact has been around for 140 years! Thus, I think it’s good to check out their version of a modern day digitally-enabled financial advisor. (By the way, this post is sponsored. However, ALL opinions are the genuine impressions of the GYFG team, offered for your benefit…and ours!) This post was written by Lin, as a LateFIRE contribution. LINK is the type of tool that is especially attractive to someone “late” to the game of FI. Because LINK allows you to set the goals and input the date, it generates potential solutions, allowing for “toggling” …

Income Report

March 2019 – Detailed Financial Report #51 – Net Worth $1,100,055 | Income $26,324

Gen Y Finance Guy Monthly Financial Reports 12 Comments

This is report number 51 of a potential 240 as I document my journey to a $10M net worth – only 189 reports to go! As we sprint towards our goal of paying the mortgage off by July of this year, I’ve been thinking about how this report ought to evolve. The obvious change will be to remove the section that tracks our progress towards paying off the mortgage. I’m not sure what to replace it with. Maybe I don’t replace it with anything and the report just gets a tad smaller. I welcome your thoughts in the comments below. It’s hard to fathom that Q1 is already in the rearview mirror. Where does the time go? Without the benefit …


Chasing FIRE Interview #6 – Marc from Vital Dollar

Gen Y Finance Guy Interview 3 Comments

Today we continue our Chasing Fire interview series (click the link to see all interviews in this series). I have always enjoyed reading and listening to interviews to learn how people got to where they are, so as to learn from the successes and failures of others. Each individual’s story and path is unique, and we can certainly gain insights from those generous enough to share their stories. My job as the host is to find interesting people that will inspire and motivate you, as well as myself. I plan to share one high-quality interview per month (maybe even less frequently) and the questions may change over time. I anticipate this to be an iterative process and I would love your feedback in the …

The Super Secret Interview I Did For the Tim Ferriss Book “Tribe of Mentors”

Gen Y Finance Guy Interview 4 Comments

I’ve been keeping a secret from you guys for a long time and I just can’t keep it in anymore. Tim Ferriss published his latest book, Tribe of Mentors, over a year ago. He asked to include me, and as you can imagine, I was humbled, excited, and scared as hell. If I said “yes,” then what would happen to the anonymity I have maintained all these years? If I said “no,” would I regret it for the rest of my life? Tim’s reach is millions of people vs. the thousands I get to reach with this blog every month. Could this be my Oprah Winfrey moment, when I got touched by someone mighty enough to transform my whole life overnight, and …