Income Report

November 2019 – Detailed Financial Report #59 – Net Worth $1,374,308 | Income $97,712

Gen Y Finance Guy Monthly Financial Reports 5 Comments

Zoom! Did you hear that? That was the sound of November flying by. I’m writing this after returning from a long Thanksgiving weekend at the lake filled with lots of food, family, and fun. It was baby GYFG’s first time out at the lake but it won’t be his last. Mrs. GYFG’s parents have a houseboat and this annual trip during the Thanksgiving holiday has been a tradition for years. I love being out there in the middle of nowhere: so helpful for someone like me who has a hard time disconnecting. There is no internet or cell reception even if I wanted it, which is actually very liberating. The pace of November was much slower by design. Not only …

GYFG Household Income Grows From $101,336 to $1,050,000 in 12 Years

Gen Y Finance Guy Financial Freedom 8 Comments

I wrote myself a letter back in October of 2012 wherein I set out a vision for my life 10 years into the future. I can’t believe it has already been seven years since writing that letter (2.5 years since I shared it here on the blog). Many of the things I envisioned accomplishing have already come to fruition. I feel fortunate to have had such a clear vision of what I wanted to accomplish and to know where I wanted to be in my future life. I don’t think I would have been able to accomplish so much in a relatively short period of time if it were not for the act of sitting down, thinking through, and writing …

Chasing FIRE Interview #10 – With Yours Truly – Gen Y Finance Guy

Gen Y Finance Guy Chasing FIRE Interviews 6 Comments

As I do from time to time, I like to pass along guest posts I’ve done for others. Below is a guest post that I wrote for “Max Your Freedom” about a year ago. However, as I type, it appears that the blog has been sold and the site has changed drastically (for the worse in my opinion). You can read about Max in the interview he did for my site before he stopped blogging himself here. I’m bummed that Max is no longer blogging as I enjoyed reading his content and his charting skills were superb. It’s always interesting to re-read things from the past. I particularly enjoy reflecting back and being reminded of the progress that can be …

Income Report

October 2019 – Detailed Financial Report #58 – Net Worth $1,342,681 | Income $116,170

Gen Y Finance Guy Monthly Financial Reports 10 Comments

And we’re back! Halloween always seems to be the line in the sand that separates summer from fall where I live and it marks the start of my favorite time of year. The weather has cooled down significantly and the AC will be off for the next six months. Even better, the clocks will “fall back” for daylight savings time in California and psychological trick or not, I always feel more rested when this happens. October was a month for records, both in the markets and the GYFG financials. It is also an odd month where our income hit an all-time high at $116,170, we deployed almost $225,000 in capital, and our savings rate was almost 80%, yet our net …

Chasing FIRE Interview #9 – John from Financial Freedom Countdown

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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 …

Income Report

September 2019 – Detailed Financial Report #57 – Net Worth $1,360,455 | Income $32,342

Gen Y Finance Guy Monthly Financial Reports 4 Comments

HAPPY BIRTHDAY, GYFG! The blog officially turned five years old last month. It doesn’t seem possible but it happened. This blog has been a critical ingredient to my success over the last five years in several key ways: It’s held me accountable to my goals. It’s allowed me to solidify my philosophies. It’s allowed me to document my journey. It’s allowed me to connect with AMAZING people.  My original goal was to stick it out for three years…but here we are those three plus two more! Blogging has become a part of my identity.  I don’t see myself stopping anytime soon. My new goal is to make it to the ten-year milestone. I figure I’ve made it five years, why …

Tax Consequence If My Wife Stops Working

Done by 40!

Gen Y Finance Guy Entrepreneurship 2 Comments

I knew that building a business was going to be a lot of work but I significantly underestimated the effort required. Until my son was born in October of 2019, I already had a demanding job working 60-80 hours a week in my C-Suite role, but building a business while raising an infant is next level (big shout out to Mrs. GYFG for all the support during this new chapter in our lives). There are so many things that need to be done in a new business in order to have a solid foundation to scale from. I thought balancing my six-month notice period and building up the business would be a slight increase in effort, but it has pushed …

Building a Body, a Business, and a Baby

Gen Y Finance Guy Entrepreneurship 4 Comments

Life is good! What did I get myself into? Everything is going far better than I could have ever imagined. I’m tired. I feel like superman. Did I make the right choice? The magic happens outside of your comfort zone. This is the roller-coaster of thoughts that have been swirling around in my head over the past twelve months. The GYFG household has experienced some massive changes. We welcomed our first child into the world back in October of 2018. And for some reason that wasn’t enough chaos and shock to the system, so I decided to start my own business about six months later. My intention was to do this business thing on the side but it took off …

Income Report

August 2019 – Detailed Financial Report #56 – Net Worth $1,312,526 | Income $59,115

Gen Y Finance Guy Monthly Financial Reports 6 Comments

There is blood in the streets and it’s coming from the GYFG house. We burned through a big chunk of cash this month in order to make our backyard look like the pictures below. We added two covered patios and restarted the landscaping and irrigation from scratch. These new additions go well with the outdoor BBQ and kitchen area we put in a few years ago. The new backyard set us back about $30,000 but it is now a place to chill and is more conducive to being outside year-round. We recently paid off our mortgage in May, and I look at this $30,000 enhancement as an investment that will allow us to stay here for another 3-5 years before …

Letter to Executive Coach – Planning Success for Year One in Business

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In late 2018 and early 2019, I was working with an executive coach. One of the exercises my coach had me do was to write a letter to her for one year in the future. This was an exercise I was familiar with as I had already done a similar exercise but ten years in the future to myself (posted here). When I first started working with this coach I was preparing/pitching to start a new business line under the umbrella of my current employer at the time, and the focus of the exercise was to describe what a year of success looked like with that new business. I did end up starting the business discussed below, but as many …