Yakezie Alexa Ranking Challenge

Joined the Yakezie Alexa Ranking Challenge

Gen Y Finance Guy General Information 29 Comments

This blog started from a challenge a little over 3 months ago. In order to take this blog to the next level for both myself, current readers, and those readers that will find us in the future, I have joined the Yakezie Alexa Ranking Challenge. Below are the guidelines: Yakezie Network Submission Guidelines The Yakezie Network List is an exclusive list reserved for Yakezie members.  For those who want to be on the list, they must first commit to participating in the Yakezie Alexa Ranking Challenge for a duration of 6 months.  The challenge is open to personal finance and lifestyle blogs. THE YAKEZIE ALEXA RANKING CHALLENGE 1) Install the Alexa toolbar if not already and comment what your current Alexa …

The Path Is All Math

Gen Y Finance Guy Fitness Leave a Comment

A few weeks ago I heard a quote that really hit home with me: “The path is all Math” – Unknown I am naturally a numbers guy with a background in Finance and Analytics. I look at almost everything through the lens of a spreadsheet…at least at first glance. Anyways, it got me thinking about the simple math that got me to where I am today. On September 29th of 2012 I was at my best shape ever at 188lbs with about 8-9% body-fat. A little over two years later I was sitting at 220.8 (12-28-14) lbs. So if you do the math, it’s no surprise as to why I gained almost 34 lbs. I ran a cumulative calorie surplus …

The True Financial Death!

Gen Y Finance Guy Financial Freedom, Words To Live By 2 Comments

Do the thing, get the power. – Ralph Waldo Emerson It’s the day after Christmas and I find myself at a Starbucks at about 5:45am, while my wife and family are still sleeping for another couple of hours. We are just passing through for the night on our way to Bryce National Park. I was absolutely amazed how many people were here on Christmas night when we were checking into our rooms. So many people sucked into the casino to gamble away their hard earned dollars in hope of that big payday. Little do many of these people know,  the payday that they are hoping for will never arrive. I long ago realized that the casinos are in this business …

A Certificate of Deposit that returns 100X my Chase savings interest rate

Gen Y Finance Guy Financial Freedom, Financial Markets Leave a Comment

As we all know, interest rates are at all-time historic lows, and therefore so are the interest rates paid on many savings accounts out there. I remember the days before the financial crisis when you could open an online only savings account through HSBC and collect a 5% interest rate. At the time I was still in college, but I still took advantage of this opportunity. For at least a year I found an arbitrage opportunity in the market where I could pay all my tuition and school expenses on my credit card and transfer the balance to a new card at a 0% interest rate for 12 months and then leave the cash I had in my online HSBC …

Fail Forward and Make Mistakes to Reach your Goals In 2015 And Beyond

Gen Y Finance Guy Goal Setting, Words To Live By Leave a Comment

So many people are afraid of failure and what others will think of them that they never really truly attempt their deepest desires. I am here to tell you that it is okay to set a goal and fail. Just think, Thomas Edison failed 10,000 times before he invented the light bulb. But he didn’t really think of it as failure, instead he said this, “I have not failed. I’ve just found 10,000 ways that won’t work.” Sometimes we just have to step out of our comfort zone and shoot for the stars. In 2014 I set a goal to make an extra $20,000 in my new consulting business. I started with zero revenue and by the end of the year I …

We All Make Bad Financial Decisions, But They Don’t Have to Define The Rest Of Our Lives!

Gen Y Finance Guy Financial Freedom, Words To Live By 2 Comments

I am now 28 years old and the only debt that I have is the mortgage on my primary residence and my rental condo. The wife and I bring in almost $200K a year and we will have our primary residence paid off in 6 more years. We continue to max out my 401K at $17,500/year (which I have been doing since graduating college in 2008), and starting in 2015 we will be putting $5,500 away in an IRA for my wife. We have over $100K in our retirement accounts and about $60K in the bank (by the end of January). We made some financial mistakes early on, but everyone does. I am sure even you have made some that …

New Year, New Me

Get Your Goals Ready and Let’s Make 2015 Epic

Gen Y Finance Guy Goal Setting 2 Comments

I have been ranting and raving about how EPIC 2015 is going to be. I am going into 2015 more prepared and more ambitious than any other new year. A lot of changes happened in 2014 for me and I want to keep that SNOW BALL MOMENTUM going. If you have not already done so, I urge you to take some time and set some goals for 2015. And then share them with the world. You may be asking yourself why I (or YOU for that matter) would share my goals with the world? You may have thoughts of what if I fail? What if people say I can’t do it? The reason you share your goals is for accountability. It is …

Outside of Mortgage Debt, I am Now Debt Free!

Gen Y Finance Guy Financial Freedom 9 Comments

It is official, we paid off the car and now the only debt we have left to tackle is the mortgage. I know so many people say that mortgage debt is the good debt, and to an extent, I agree. But I think what most people forget is that you are only getting a tax advantage of about 20-30 cents on the dollar. That means that for every $10K that you pay in interest and property taxes, the government will give you a discount on your taxes of $2,000 to $3,000 depending on your tax rate. This is like me telling you that if you give me $1,000, then I will give you $300 back. Would you do it? I …

A few more financial victories around the corner!

Gen Y Finance Guy Financial Freedom 2 Comments

Every few months I evaluate our financial health and look for ways to cut wasteful spending.  I am constantly surprised when I find something worth going after. More recently I got quotes from insurance coverage for my wife and found that it would be about $150/month cheaper to get coverage for her outside of my work plan. So in the coming month, likely starting in January, this will be another savings to add to the overall savings over the past year.  It’s another $1,800 a year that can go into savings, a vacation or likely a combination of both. Also coming around the bend is paying off the last piece of consumer debt outside of our mortgage. We have about $7,000 that …