Tax Consequence If My Wife Stops Working

Done by 40!

Gen Y Finance Guy Entrepreneurship 2 Comments

I knew that building a business was going to be a lot of work but I significantly underestimated the effort required. Until my son was born in October of 2019, I already had a demanding job working 60-80 hours a week in my C-Suite role, but building a business while raising an infant is next level (big shout out to Mrs. GYFG for all the support during this new chapter in our lives). There are so many things that need to be done in a new business in order to have a solid foundation to scale from. I thought balancing my six-month notice period and building up the business would be a slight increase in effort, but it has pushed …

Building a Body, a Business, and a Baby

Gen Y Finance Guy Entrepreneurship 4 Comments

Life is good! What did I get myself into? Everything is going far better than I could have ever imagined. I’m tired. I feel like superman. Did I make the right choice? The magic happens outside of your comfort zone. This is the roller-coaster of thoughts that have been swirling around in my head over the past twelve months. The GYFG household has experienced some massive changes. We welcomed our first child into the world back in October of 2018. And for some reason that wasn’t enough chaos and shock to the system, so I decided to start my own business about six months later. My intention was to do this business thing on the side but it took off …

Letter to Executive Coach – Planning Success for Year One in Business

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In late 2018 and early 2019, I was working with an executive coach. One of the exercises my coach had me do was to write a letter to her for one year in the future. This was an exercise I was familiar with as I had already done a similar exercise but ten years in the future to myself (posted here). When I first started working with this coach I was preparing/pitching to start a new business line under the umbrella of my current employer at the time, and the focus of the exercise was to describe what a year of success looked like with that new business. I did end up starting the business discussed below, but as many …

Open for Business

Gen Y Finance Guy Entrepreneurship 5 Comments

For as long as I can remember I have pursued money-making ventures – now dubbed “side hustles” in today’s vernacular. Most of my ventures have produced positive economic value, meaning they made money. If you read my “About” page you will see that the plan has always been to eventually transition into full-time entrepreneurship. The one obstacle holding me back was finding an opportunity that offered an income stream that matched or exceeded my ability to earn by working a W-2 career. To date, my highest and best use from an earning’s standpoint has been to work for a company that paid me a regular paycheck. I graduated college about 11 years ago to a starting salary of $52,500. Today …