The Tenacious Ten – Financial Independence in 10-20 years [Infographic]

Gen Y Finance Guy Financial Freedom 3 Comments

About four years ago, I wrote a post outlining what I believed to be the ten guidelines a Freedom Fighter could follow in order to reach Financial Independence in 10-20 years. Here they are now shared as The Tenacious Ten! That post, paired with this infographic, succinctly distills the principles I’ve personally followed and espoused on this blog over the last five (going on six) years. Since it’s been over four years since solidifying these, would I change anything? Yes, there are a few modifications or tweaks I would make. What I would change #6 Learn Two Basic Investment Strategies with Options. I still think anyone that actively manages their money and invests in the stock market should understand and be …

They Just Might Say Yes

Gen Y Finance Guy Career 4 Comments

It still amazes me how many people don’t go after the things they really want for the fear of hearing “no,” and being rejected. When I was first learning to trade options, I remember reading some really sound advice that has stuck with me over the years. She Just Might Say Yes! In the trading scenario, this phrase related to price execution, entering a limit order to get a price that was either below or above the market depending on whether you were trying to buy or sell. But we can apply this to anything in our lives. For example, let’s say there is a girl you would love to ask out, but you don’t because you are afraid she …

Income Report

January 2020 – Detailed Financial Report #61 – Net Worth $1,767,532 | Income $48,427

Gen Y Finance Guy Monthly Financial Reports 5 Comments

And now…we return to our regular programming! January was a fantastic month filled with so much growth even if it had me overwhelmed at times. In my recent posts, I thought it was important to show the other side of coin for a super achiever. I share my journey to inspire and motivate others but I also want to represent the whole story and keep it real. I love celebrating my successes as much as the next person but every success is built on the back of struggle. It’s not always rainbows and butterflies. I don’t want anyone holding me up on some pedestal as some freak of nature who only ever does well. That’s not how it is. I’m …

23-Year-Old Protege Earns $210,000 His First Year Out of College

Gen Y Finance Guy Chasing FIRE Interviews 3 Comments

I know I said a few posts back that I would no longer be accepting guests posts but this is one that was already in the works and one I requested from my protege. I wanted him to capture a snapshot of where he is today – early in his journey to becoming a millionaire and reaching financial independence. He is only a year out of college and he is already earning multiple six-figures. He started to contribute to his 401k while still in college. He is THE model for all those compound interest charts that emphasize the importance of starting early. If you start early by saving and investing a modest sum you will no doubt become a millionaire …