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 …

Keep it 100

Did I Ever Tell You How Human I Am?

Gen Y Finance Guy General Information 6 Comments

I bleed and injure like everyone else. There are days when my mind is clouded by self-doubt. Those are the days when the imposter syndrome starts to kick in. On these days in particular I question my worthiness to be where I am financially and professionally. After all, who am I – just a kid who grew up on welfare, got into trouble early, and had only a bunch of drug-addicted adults to look up to. Who am I to take on such big dreams? I experience emotions of both joy and sadness. I struggle sometimes. I don’t always have the motivation to do the things I need to do. There are moments that I question why I’m working so …

I’ll Be Back, I’m Just Trying to Catch My Breath

Gen Y Finance Guy General Information 5 Comments

So, last week I missed publishing a new post for the first time since starting this blog in September of 2014. I’m busy trying to scale my business to the next level and it is far harder than I imagined. There are days I wonder if I made the right choice (my low days) and then there are days that I feel like King of the World (my highs). I have a level of anxiety that I have never before experienced. It’s stressful to be responsible for the livelihood of others – the buck truly does stop here. It’s hard right now but I know the juice will be worth the squeeze. I’m grateful that I took it easy through …

My ESI Scale Interview

Gen Y Finance Guy Interview 2 Comments

It’s time to share and reflect on another guest post I wrote about 18 months ago. To this day my own journey blows my mind. I know it’s not typical but it is an example of what a lot of hard work, determination, and a little luck can do for someone given enough time to let the power of compounding work its magic. The key ingredient is consistency. It’s finding discipline when motivation is lacking. It’s doubling and tripling down on your strengths, which requires a keen sense of self-awareness. It’s about being prepared for the knock of opportunity that allows you to take advantage of “lucky” breaks.  In typical fashion, I will annotate the below post with updates from …

Income Report

December 2019 – Detailed Financial Report #60 – Net Worth $1,670,321 | Income $89,407

Gen Y Finance Guy Monthly Financial Reports 15 Comments

Bye, Bye 2019 – you were awesome! This month marks exactly five years of detailed financial reports. It doesn’t seem possible that five years have already passed. It feels like just yesterday when I made the decision to share the intimate details of my financial life. I had three primary drivers for making the decision to publicly put my financial life on display: (1) To put in place an accountability system that would not only ensure I hit my goals but also to expedite my path to the “finish line” of achieving a $10M net worth by 48. (2) To be a source of hope, inspiration, and motivation to others. (3) To remove the taboo around talking about money – …

Chasing FIRE Interview #11 – Brent from IQ Calculators

Gen Y Finance Guy Chasing FIRE Interviews Leave a Comment

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 …

CHASING FIRE INTERVIEW SERIES

FIRE Starter – More Wealth & Better Health: Why You Should Change Default Settings

Zach Words To Live By 1 Comment

You can find all of Zach’s previous posts here. Today, Zach discusses the powerful effect of our default settings and how you can leverage this power to your advantage. It’s amazing what a minor tweak like this can do for you. It’s like the ole slogan from the infomercial trying to sell you the rotisserie oven that says: “set it and forget it.” I hope you enjoy Zach’s latest FIRE Starter post below. First, a Quick Reminder of Why I Started This Series For the astute observer, you will notice that I have added three new series to the blog: LateFIRE, FIRE Starter, and Chasing FIRE. Notice a theme? They all capitalize on the explosion – one might say the COMBUSTION – in …

Income Report

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

Gen Y Finance Guy Monthly Financial Reports 9 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 10 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 …