Financially Alert Interview

My Financially Alert Interview – If You Take Consistent Action, Over Time, the Results Are Exponential!

Gen Y Finance Guy Financial Freedom 6 Comments

Reading Time: 11 minutesThe post below was originally written as a guest post on the blog Financially Alert over two years ago. It was a great experience, and I was happy Michael asked me to share my viewpoints. For me to read where my head was at then vs. now is such an enriching experience. What boggles my mind is how clear I was on my core financial philosophies back then, and how those have basically stayed the same for me, even though I feel like I have gone through so much evolution since writing this. Blogging has been a great barometer of growth and of what has remained the same! (1) Walk me through how and why you started your personal finance blog? Was the …

Simple Money Man Guest Post

[Guest Post] Make Saving Easy and Spending Hard

Gen Y Finance Guy Financial Freedom 7 Comments

Reading Time: 6 minutesToday we have a guest post from Simple Money Man on saving and spending. He has been a long-time reader and regular commentator on the blog and so when he reached out I was more than happy to host a guest post from him. Although our opinions differ on a few points in his post below, I know that not everyone to this site resonates with my philosophies, and some may be early in their journey and need to practice more of what Simple Money Man recommends below.  A part of me has this weird conspiracy theory that we spend so much because we are subliminally trained to do so. This is evident with incentives like rebates, points, rewards, free …

Financial Freedom

10 Guidelines to Financial Independence in 10-20 Years

Gen Y Finance Guy Financial Freedom 13 Comments

Reading Time: 12 minutesBelow is a guest post that I did for Mr. 1500 over at 1500days. I am excited to share that at the time, it was his most popular guest post he had ever shared with his community. It got picked up by RockStartFinance as well. Who wants to be a millionaire? Come on…don’t be shy…raise your hand. Mr. 1500…please put your hands down (yes, both of them). You’ve already been inducted into the coveted Double Comma Club more times than some people can count. And yes, we know…you get to put $55,000/year into your Solo 401K, and we’re all a little bit jealous (of your dinosaur collection?). At least I am. Look folks, reaching financial independence and building wealth is not that …

Big Money Moves

Big Money Moves in 2017 – Putting Over $250,000 To Work

Gen Y Finance Guy Financial Freedom 37 Comments

Reading Time: 4 minutesDo you plan your big moves out in advance? Or do you just fly by the seat of your pants? I believe that if you want to do something extraordinary in any aspect of your life, you have to be pre-meditated. That’s not to say there isn’t room for serendipity, but I can’t stress enough the importance of being intentional with the decisions you make, that will ultimately act as the stepping stones to your desired destination. Those who fail to plan, plan to fail! I don’t want you to look back on your life 40 years from now, only to be disappointed that you were not more intentional with the direction of your financial life. The reason that I …

Earn Save Invest

[Guest Post] A High Income is the Road to a High Net Worth

Gen Y Finance Guy Financial Freedom 17 Comments

Reading Time: 11 minutesToday we have a guest post from ESI Money. I only recently found his site a few months ago, but totally resonate with everything he writes. He has leveraged his career to not only become a very high earner, but through that career built up a net worth in excess of $4M and retired early at 52. Over at his blog he writes about the three major pillars to building wealth; Earning, Saving, and Investing. I am drawn to his site because he bust the myth that you can’t get rich working for someone else. I have invited Mr. ESI to show us how a high income (something we focus on a lot around this community) is the path of least resistance …

Simple Wealth Building

Wealth Building Made Simple: Make Sure You Get A Little Richer Every day

Gen Y Finance Guy Financial Analysis, Financial Freedom 10 Comments

Reading Time: 4 minutesNote: Just to clear up any confusion, although I say “get a little richer every day,” I don’t mean this in the literal sense. The idea is to get a little richer every day on average. Personally I calculate this by taking my total savings for the year dividing by 365 days. I have known since I was a little kid that I wanted to be rich. It wasn’t until I got to college that I knew I was going to be rich. As you can imagine, I started reading all the books, filled with all sorts of strategies to accumulate wealth. It was very stimulating to fill my head with all these clever ideas on building wealth. Every day …

Freedom Fighter Interview 29

[Guest Post] Freedom Fighter Interview #29 – Amber Tree Leaves

Gen Y Finance Guy Financial Freedom, Interview 8 Comments

Reading Time: 7 minutesToday we have our last interview in this Freedom Fighter Series that we started last year. And today’s guest is writing from across the glob in Belgium. He is a fellow options enthusiast and is shooting to reach financial freedom by 2029. 1. Who are you and what do you do? What is your story? How are you fighting for your Freedom? Where did you start, where in the journey are you, and where do you ultimately want to end up? My name is Amber Tree Leaves. As you probably guess, this is not my real name. I prefer to blog in full anonymity. It gives me a secure feeling and I do think it enables me to be a little more …

Blueprint to a $10M Net Worth [Updated]

Gen Y Finance Guy Financial Freedom 16 Comments

Reading Time: 5 minutesIt was 18 months ago as of this writing that I first published my very rough plan to achieve a Net Worth of $10M and $50,000/month in income. When you put together such an ambitious plan that stretches over a 20 year period, you have to expect things to evolve. This post is my attempt to first give a status update as to how I did against year 1 of the plan, and to also give an updated blueprint that is based on new information. Believe it or not, but a lot can change over the course of 12 months. To put things in proper perspective it probably makes the most sense to review the original plan from a high level. …

Relative Frugality

Living Below Your Means by Expanding Them

Gen Y Finance Guy Financial Freedom 17 Comments

Reading Time: 10 minutesIn the early stages of your financial journey it probably makes sense to be expensed focused as you work to build a solid financial foundation. But I caution you to resist the temptation to fall trap to the extreme frugality path to wealth. It works for some people, and that is great, but most of us just are not wired for that kind of optimization. Many of you reading this are not going to find much joy or success trying to cut your expenses to the bone, all in the name of financial freedom. You will never hear me preach about giving up the $4/day latte. Nor will you ever see a post about coupons or how to reuse your …

Financial Independence Lens

Looking at Savings Rate through the Financial Independence Lens

Gen Y Finance Guy Financial Analysis, Financial Freedom 19 Comments

Reading Time: 3 minutesIn previous posts I have talked about how we currently strive to save 50% of our after tax income and how important your savings rate is in building wealth rapidly. But after listening to the Radical Personal Finance Podcast, it made me realize that this may have not been enough to sway you. What I mean, is that this may need to be translated. It is very easy to conceptualize and visualize what a 50% savings rate means to in terms of dollars. But what does it mean in terms of Time Freedom? What may not be as intuitive is what it means for your ability to reach financial independence. I had already previously internalized the fact that a 50% …