Helping Family

Helping Family with Financial Issues

Gen Y Finance Guy General Information 24 Comments

Back in August of last year I published a rant post about co-signing for friends or family on loans. Okay, it was a rant, and going through the details of what went down the time I tried to help my dad out, got me all fired up. By the end of the post I was so angry that I declared it the last time I would ever co-sign for anyone ever again. Can you guess where this is going? Yep, I decided to break my promise, and help my 26 year old brother out. The Back Story My brother totaled his car about two weeks ago. He was driving home from work when his steering locked up and caused him to …

The Green Swan

[Guest Post] How to Plan for Healthcare Costs

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Today I have a fantastic guest post from The Green Swan.  For those of you unaware, The Green Swan is a way of life designed for those who want to reach financial independence young and retire early.  The Green Swan recently published a book, be sure to check that out here.  Also, be sure to check out TheGreenSwan.org for his latest post. Healthcare is expensive and the way it is being paid for has changed substantially in recent years primarily due to the advent of the Affordable Care Act (Obamacare).  This can make budgeting and planning for healthcare related expenses more and more challenging for folks. Like many people, I like being able to budget out my expenses for the next year and have a …

This Blog is About

This blog is not about…but it is about…

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In order to tell you what this blog is about, I first must tell you what this blog is not about: Frugality – This is not another blog to join the frugality movement. That is already being taken care of very well with blogs like Mr. Money Mustache and the Frugalwoods. Although I would consider myself frugal in the sense that I try not to waste money on things that don’t bring value to my life. I am not very frugal when compared to the folks leading this movement. I am not going to tell you how you can eat for less than $1/meal. I’m also not going to tell you to cut out your daily latte from Starbucks if that is something …

Mailbag #1

From the Mailbag #1 – Savings, Investments, Credit, and Debt

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Today we start a new series that I thought would be a fun and interesting addition to the blog. As the blog has continued to grow over the past 15 months, the amount of emails I receive from readers has sky rocketed in volume. I started to think that if one reader has these questions, then there are probably others that have the same questions, but are to shy too reach out.  So, “From the Mailbag” is born. I don’t know how often I will publish these just yet, but enjoy them as they come. From Chas I am 28. I make around 40k after taxes. I expect a 2 percent increase per year. I have 3k in my 401k. …

Identity Theft Protection

[Guest Post] How to guard yourself against identity theft and credit card fraud

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Today’s post is contributed by Phil. A few weeks ago he reached out asking if he could write a piece for the blog around protecting and preventing identity theft. Luckily I have never had to deal with my own identity being tampered with. He also shares a few stories of scams that happened to a friends mother and a relative. I personally don’t know how people fall for these things, but I guess they do. Reading through his two stories, I know there is absolutely ZERO chance I would have ever fallen for either scams. We would all also like to believe that our friends and family are smart enough not to fall prey to the scammers out there as …

Unconventional

[Guest Post] Unconventional Finance

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Today we have a guest post from a fellow reader from the Bay Area explaining his Unconventional approach to his personal finances. Our guest Sean and I happen to have a lot in common and since a few email interactions back and forth have agreed to a little friendly competition to see who hits $1M in net worth first. As I publish this we are pretty close to parity with our net worth.  Take it away Sean… First of all, I wanted to say I respect everything being done at GYFG.  I have been a long time finance blog lurker over the last 4-5 years and I just recently stumbled across GYFG and it is the first one to really …

Embrace Change

[Guest Post] Making Changes is Hard [Part 3 of 3]

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I’ve called myself to the carpet.  “Mr. CEO, make the changes you keep telling others to make.” Hopefully you have read my other two posts (#1 & #2), but if not, here is a quick update on what I’ve identified that I need to focus on more – my health, focused time on my family, adjusting my choices on how to spend my time, and then the budget.  I go into more detail in my other two posts, but that’s the gist of it. Since I started this whole realization of where I needed to improve, I’ve been working out more so I feel like I’ve checked that one off.  It’s not an everyday thing, but I have the wife, …

Thomas Jefferson on Wealth

[Guest Post] Thomas Jefferson – A Wealth Perspective

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Today we have a guest post from Wes of GenWiseWealth. You may recall Wes from the Freedom Fighter Guest Interview #11. He sheds light on one of our four founding fathers, Thomas Jefferson. Some time back I had the pleasure of attending an incredibly inspirational talk by one of the forefront experts on one of America’s greatest patriots, Thomas Jefferson.  The speaker, Eric S. Petersen, a prominent New York City Lawyer, has turned a 22 year passionate study of the life and times of Mr. Jefferson, and has profiled his exploration in a fantastic book entitled, Light and Liberty, Reflections on the Pursuit of Happiness. Jefferson’s legacy to the world included an innumerable volume of official papers (public addresses, reports, pamphlets, …

Change is Hard 2

[Guest Post] Making Changes is Hard [Part 2 of 3]

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Hey there Freedom Fighters! Today Mr. CEO is back with part two of his 3 part series. We are only days away from Christmas and New Years, so I encourage you to carve out some time over the remaining days of the year to reflect on 2015. What went really well? What didn’t go as planned? What do you want to improve on? Take some time to be grateful and spend time with family. And do yourself a favor and set your goals before January 2016 rolls around. I would recommend no more than 3 major goals. One for your Health, One for your Wealth, and One for your Social Self (relationship oriented). Without further ado…Mr. CEO the blog is …

A million dollars isn't what it used to be

[Guest Post] A Million Dollars Isn’t $h1t…Unless You Don’t Have It

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The following is a guest post submitted by community regular JayCeezy, sharing a few ideas he has picked up along the PF road we all travel.  GYFG welcomes guest contributions, please click here for more info. A financial mentor of mine told me something that stayed with me: “A million dollars isn’t $h1t. Unless you don’t have it.” But once you have it, what are you going to do with it? Why? I’m not an expert, but I am experienced, and want to share these ideas, passing along useful tactics and strategies my PF mentors generously shared with me. Maybe you will find some of this worth passing along, someday. You might not need a million if everything goes your way, but …