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December 2020 – Detailed Financial Report #72 – Net Worth $2,379,441

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Happy New Year! Beginning this month, the GYFG post format has changed – specifically in how I write it. For the prior 71 monthly updates, I would sit down at the end of the month and write it in one fell swoop. But I’ve decided to write this post incrementally throughout the month, for four reasons: (1) It helps me break it down into more manageable writing sessions. (2) I want to start treating this monthly update more like a digital “newspaper” of my life (mostly financial, but not entirely). (3) This new format will allow me to capture and reflect on more throughout the month (faster feedback loop). (4) It will also allow me to share mini-posts (articles) within …

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November 2020 – Detailed Financial Report #71 – Net Worth $2,359,535

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As I type this my family and I are coming to the end of our stay at the beach. The last 30 days were filled with much-needed rest, relaxation, and recharging. We checked into the beach house on November 1st and completely unplugged from work until the morning of the 9th. We then proceeded to work a modified schedule from the 9th until Thanksgiving. And finally, we had the 26th through the 29th completely work-free. One thing I learned is that a week is about all I need/want in terms of being completely unplugged. Being productive is a big part of who I am and where I realize fulfillment. That said, the modified work schedule was very enjoyable and needed. …

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October 2020 – Detailed Financial Report #70 – Net Worth $2,312,319

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I have officially made it to vacation! I’m typing this with an unobstructed view of the pacific ocean beyond my screen. I was finally able to take my foot off the gas in early October, right before my birthday. We started to prepare for a “soft landing” on our final “descent” into vacation by going out to Lake Meade the second week in October. It was glorious! We turned off our phones for three days. This was the first time in 15 years of going out to the lake that I didn’t bring a stack of books out to the lake with me. I told my wife and her parents that I planned to just relax…like, really relax, in a …

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September 2020 – Detailed Financial Report #69 – Net Worth $2,208,859

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Summer officially ended September 22nd but you wouldn’t know that based on the weather. I read it somewhere that September was a record-setting hot month. I’m typing this on October 3rd and it is 100 degrees outside – ugh! I’m not really a fan of the hot weather and look forward to cooler days and nights ahead. I always tell people that the weather is perfect about seven months out of the year where I live but the other five are…well, less than perfect. I can’t wait to open up the house and let some fresh air inside instead of running the AC 24/7. The weather wasn’t the only thing that was hot in September. My business set another new …

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August 2020 – Detailed Financial Report #68 – Net Worth $2,127,140

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August was another crazy month and there doesn’t seem to be a slowdown coming in September in terms of the growth in my business – with the same true for Mrs. GYFG, who is in Real Estate. It has been challenging to manage the growth while also trying to be good (present) parents but we are trying our best. The Mrs. and I have done a decent job cutting it off on the weekends to be fully present with the little man. We are both looking forward to the beach house we rented for the month of November and we both plan to be completely unplugged for at least two weeks out of that month to get a much-needed break. …

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July 2020 – Detailed Financial Report #67 – Net Worth $2,071,369

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The mantra for the month of July was “Finish Strong!” Once we cross over the halfway point of each year, I get this uncontrollable urge to finish and close as many loose ends as possible. This ranges from open house projects, investments, food in the house, books, blog posts, etc. Below are some of the things I was able to get across the finish line in July: I invested an additional $100,000 into the Industrial Real Estate deal that I wrote about last month. This time it was into a separate LLC that was created to take advantage of the Opportunity Zone tax benefits. I have ~$415,000 in gains from liquidating my equity position in my former employer and this …

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June 2020 – Detailed Financial Report #66

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It’s hard for me to believe that everything is just going to go back to normal overnight. Or even that we’ve seen all the pain we are going to see during this pandemic. But I also acknowledge that I could be wrong – either in my timing or hypothesis of what is likely to happen next. There is no doubt many businesses have or will fail due to the blow of this pandemic (and the resulting restrictions to “business as usual”). On the other side of the coin, there are going to be other companies that thrive in the “new world.” My business (software consulting) is one of those businesses that is not only surviving but thriving in this environment …

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May 2020 – Detailed Financial Report #65

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Time has started to move at an increasingly accelerated pace for the GYFG household. It might be because of a slow but steady march back to some level of normalcy after months of “lockdown.” Here are a few highlights from May: We made a trip out to Lake Meade for the Memorial Day Weekend (with other people). We ate in a restaurant not once but three times and were served by…people. We had a BBQ at our house with friends (there are those people again). We went to the beach with friends and again there were lots of other people. As you can tell, the theme here was that we were not locked down in our house for the entire …

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April 2020 – Detailed Financial Report #64

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First and most importantly: I was finally able to procure some toilet paper for the GYFG household! I still don’t understand why people started hoarding TP as if it were gold but I’m glad we had enough on hand to get us through the initial panic phase of this pandemic. The news hasn’t gotten any better but we all seem to be adapting and moving past the shock of it all. There is still plenty of uncertainty on the horizon with respect to where we go from here…most of which plays out daily well beyond my control. That being said, I believe even more strongly in the importance of focusing on what I can control! Like many, the GYFG household …

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March 2020 – Detailed Financial Report #63

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Did the world change overnight? One minute markets were making all-time highs, unemployment was at a 50 year low, and time was passing by at a pace that “felt” faster than “normal.” Then all of a sudden COVID-19 dominated the headlines as a pandemic sweeping the globe and bringing the world’s economies to a standstill. As I type this, a third of the world is on government order to “shelter in place” in order to try and flatten the infection curve of the virus. The forecasts for unemployment are not looking good as economists say we could see 20-30% unemployment due to mass layoffs across the economy (with travel, hospitality, and restaurants getting hit the hardest). I’ve never seen anything …