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

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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

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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

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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?

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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

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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

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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 …


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

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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 …