Markets don't go up forever

Markets Don’t Go Up Forever!

Gen Y Finance Guy Financial Markets 1 Comment

Here are some questions that could be going through your head: With the market down close to 10% from the September high of 201.9, is this a buying opportunity? Should I be short the market betting there is more downside to come? Is the Bull Market over? How do I prepare for the next “opportunity of a lifetime?” After hitting a low of 660 back in March of 2009, is this Bull Run finally over after 6 impressive years? How does the Feds’ decision to end QE this month play into the recent price action over the past month? Is it a coincidence? Are prices still over-valued? Are we entering a new Bear Market? Will volatility be short-lived or remain elevated for some time to …

Debt - Good vs. Bad

Managing Debt: The Good, The Bad, & The Ugly

Gen Y Finance Guy Debt Leave a Comment

Debt has such a negative connotation associated with it. I think most of the negativity stems from the irresponsible issuance and management of debt. The Great Financial Crisis of 2008 came with a massive unwind of debt that had been building up over several decades prior to this defining moment in history. Is debt bad? Is it evil? Should it be avoided like the plague? My gut answer would be, “it depends.” I will get to that in a minute in more detail. But as a rule I would say that my philosophy is to earn interest rather than pay interest. At least that is my goal. At the end of the day I think there can be an argument made for …

Getting Older

I’m 28 years old, now what?

Gen Y Finance Guy General Information 1 Comment

By the time this post goes live I will be 28 years old. But unlike many of my friends, I still don’t feel any older. In all honesty, I still feel like I am 16 years old but with a lot more knowledge and life experience. You could say that I’ve matured (even that is questionable), but I will never grow up :). The picture you see in this post is the Del Mar Ocean, where my wife has whisked me off for the weekend. As you can tell from the picture, the view from our condo is absolutely stunning. The sunset last night was even more amazing. I am grateful to have the privilege to be able to do things like this. …

American Dream

We Don’t Have Our Parents American Dream

Gen Y Finance Guy New Rules 3 Comments

The world is changing. There’s a feeling in the air today, around America and throughout the world, that what people believed about financial security and prosperity is no longer true. A lot has changed in the last [six] years. You have three ways to react to these changes. First, you can stick your head in the sand and hope that everything returns to normal – but that isn’t happening. Second, you can blame others and demand that prosperity and security be given to you because you believe it is your right to have these things – but this won’t occur, and even if it did, it would only come with a terrible price to pay. The third option is to take …

Lyft

The Lyft Experiment

Gen Y Finance Guy Financial Freedom, Income Streams, New Rules, Share Economy 3 Comments

The best thing about this day and age is there are so many alternative ways to earn money. In a previous post I talked about how I was embracing the “Share Economy,” whereby you basically find a way to earn money with the “excess capacity” in the things you already own. A few posts ago I talked about leveraging the share economy to rent a room out in my house (think Airbnb and Craigslist), today I want to talk about my newest experiment with Lyft. Ride share apps like Lyft (and Uber) are disrupting the taxi business (and possibly other businesses in the transportation space). The app that each of these companies provide is easy to use and removes friction from …

I Make 6 Figures But I Hate My Job

I Make 6 Figures But I Hate My Job

Gen Y Finance Guy Career, Featured 40 Comments

Let me be the first to come out and say that I never thought I would say that I hated a job that brought home six figures. And let me tell you why: I grew up dirt poor and lived on welfare as a kid. I slept on the floor of my grandmother’s two bedroom apartment with my other 4 brothers. Which by the way, the house was in a very poor neighborhood and was a part of section 8 housing, which means the rent was subsidized by the government. So normal rent might have been $1,000/month. However my grandmother was only responsible for $125/month, which she struggled to pay. My mother has never held down a job in her …

The Share Economy & Rental Income

The Share Economy & Rental Income

Gen Y Finance Guy Share Economy 2 Comments

You may have noticed that the tagline of this site is “we do things differently”. The “Share Economy” is the perfect example of how Gen Y does things differently. We have taken the idea of rental income and found a way to leverage technology to rent excess capacity in things we already have to our peers. The best example of this is Airbnb, which allows you to list a room or your entire place for rent (regardless of whether you currently own or rent). This is disrupting both the hotel and rental market which has traditionally been dominated by deep pocket investors. Airbnb takes all the friction out of the rental process. They handle identity verification, payment, communication, and they even have a peer review process …

Gen Y Finance Guy

Why Gen Y Finance Guy?

Gen Y Finance Guy General Information 6 Comments

In full transparency, this blog is something I have been thinking up for a long time. But why did it take me so long to finally start? I think like most people it’s the fear of failure. Lots of thoughts went through my head every time I thought about buying the domain and setting up the site. Some of the thoughts included: What if no one reads what I write? Or worse, what if they do read my content and absolutely hate it? What if I run out of things to write about? Will anyone take me seriously? What if it’s perceived as just “another” personal finance blog? What will my friends think? What will my wife think? Should I …