Income Report

April 2021 – Detailed Financial Report #76 – Net Worth $2,766,925

Gen Y Finance Guy Monthly Financial Reports 6 Comments

I know I say this every month but I can’t believe another month is in the rear view mirror. The first week in April was very tough with the loss of my mother-in-law as she lost her battle with cancer. The grieving process is nowhere near done but each passing day and week is getting easier…although there is nothing easy about losing a loved one. We continue to remember the good times and hold onto those memories and stories when the reality of loss gets us down. There is also a bit of guilt that we are all fighting as we continue living our lives. We know that this is what my mother-in-law would want us to do but it …

Income Report

March 2021 – Detailed Financial Report #75 – Net Worth $2,658,092

Gen Y Finance Guy Monthly Financial Reports 7 Comments

I’m late getting this regular monthly update out because my family’s world has been consumed by the pain of a devastating loss. In February of this year, my mother-in-law was diagnosed with stage 4 liver cancer. We are in shock now that only two months after the diagnosis she lost this battle in early April. Death is very much a part of life. We can know that, but it is a loss like this that brings that truth home beyond a shadow of a doubt: time is rare and precious. It is our own mortality that makes the hours and days we do have so precious – time truly is our most scarce resource. When you lose a loved one …

How I Invest My Money

Gen Y Finance Guy Financial Freedom 3 Comments

I recently read Josh Brown’s book How I Invest My Money: Finance Experts Reveal How They Save, Spend, and Invest and thought it would be a good exercise for me to take Josh up on his offer at the end of the book to write my own essay on how I invest my money. Think of this as my money philosophy defined by a set of standard operating procedures. The first time I really thought about money in a structured way was back in 2015 when a blogger friend of mine asked me to participate in the “personal finance index card challenge,” where you get only a single index card to convey your best financial advice. The idea was that …

Income Report

February 2021 – Detailed Financial Report #74 – Net Worth $2,637,353

Gen Y Finance Guy Monthly Financial Reports 9 Comments

A reader (JayCeezy) left a comment last month and recommended I check out the Rahe Stress Test. After getting through the emotional rollercoaster that February was, I decided to do that before sitting down to write this month’s post. The test presents an inventory of 43 major life events with an associated point value for each item on the list. To take the assessment you go through and mark each item that has happened to you in the last twelve months and then add up all the points for the applicable events. You then take that score and compare it to three major buckets: I’d be lying if I said that the last year (really two years) haven’t been the most …

Like a Boss

Annual Shareholder Letter #2

Gen Y Finance Guy Entrepreneurship 2 Comments

Dear Fellow Shareholders, This is my second letter to you. Boy, what a year 2020 was! I’m going to start this letter by beginning at the end of the previous one, which came out four weeks after the COVID-19 Pandemic started to dominate our daily lives. I regularly describe 2020 as the longest and fastest year on record. We entered a generationally defining event abruptly, without any advance notice to prepare for the changes that would be forced upon our way of living. We got to witness some pretty wild things in 2020: Shelter in place and stay at home orders. Non-essential businesses forced to close. Massive unemployment, particularly in industries hit the hardest by the government orders given to …

Income Report

January 2021 – Detailed Financial Report #73 – Net Worth $2,614,367

Gen Y Finance Guy Monthly Financial Reports 15 Comments

Bam! That is the best word I can use to describe January. It started with a Boom! had a few a Bangs! and ended with a Bam! What does that even mean? It means there were a lot of good things that happened while under incredible overwhelm during certain points in the month. Many of you know that I took a nice long break in November, but what many of you don’t know is the grueling schedule I started on December 1st and maintained for about eight weeks. I went from enjoying the beach and working only a few hours a day in November to working like a full-blown maniac. I was waking up between 3 am and 4 am …

Income Report

December 2020 – Detailed Financial Report #72 – Net Worth $2,379,441

Gen Y Finance Guy Monthly Financial Reports 9 Comments

Happy New Year! Beginning this month, the GYFG post format has changed – specifically in how I write it. For the prior 71 monthly updates, I would sit down at the end of the month and write it in one fell swoop. But I’ve decided to write this post incrementally throughout the month, for four reasons: (1) It helps me break it down into more manageable writing sessions. (2) I want to start treating this monthly update more like a digital “newspaper” of my life (mostly financial, but not entirely). (3) This new format will allow me to capture and reflect on more throughout the month (faster feedback loop). (4) It will also allow me to share mini-posts (articles) within …