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 …