Income Report

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 …

Income Report

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 …

Income Report

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 …

Income Report

February 2020 – Detailed Financial Report #62 – Net Worth $1,814,003 | Income $490,518

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It’s a bird! It’s a plane! Nope – it’s just another month passing by. From a financial perspective, the year has been off to a stellar start. However, as you may have noticed in some of my earlier posts this year, it has personally been very challenging. It’s been a perfect storm of sorts. It’s been difficult to find a balance between tending to my new business and spending quality time with my family. It doesn’t help that the household has been catching one bug after another the past five weeks. I am optimistic that March will bring a much needed change to our household’s state of health because we are DONE being sick. The good news is that my …

Income Report

January 2020 – Detailed Financial Report #61 – Net Worth $1,767,532 | Income $48,427

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And now…we return to our regular programming! January was a fantastic month filled with so much growth even if it had me overwhelmed at times. In my recent posts, I thought it was important to show the other side of coin for a super achiever. I share my journey to inspire and motivate others but I also want to represent the whole story and keep it real. I love celebrating my successes as much as the next person but every success is built on the back of struggle. It’s not always rainbows and butterflies. I don’t want anyone holding me up on some pedestal as some freak of nature who only ever does well. That’s not how it is. I’m …

Income Report

December 2019 – Detailed Financial Report #60 – Net Worth $1,670,321 | Income $89,407

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Bye, Bye 2019 – you were awesome! This month marks exactly five years of detailed financial reports. It doesn’t seem possible that five years have already passed. It feels like just yesterday when I made the decision to share the intimate details of my financial life. I had three primary drivers for making the decision to publicly put my financial life on display: (1) To put in place an accountability system that would not only ensure I hit my goals but also to expedite my path to the “finish line” of achieving a $10M net worth by 48. (2) To be a source of hope, inspiration, and motivation to others. (3) To remove the taboo around talking about money – …

Income Report

November 2019 – Detailed Financial Report #59 – Net Worth $1,374,308 | Income $97,712

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Zoom! Did you hear that? That was the sound of November flying by. I’m writing this after returning from a long Thanksgiving weekend at the lake filled with lots of food, family, and fun. It was baby GYFG’s first time out at the lake but it won’t be his last. Mrs. GYFG’s parents have a houseboat and this annual trip during the Thanksgiving holiday has been a tradition for years. I love being out there in the middle of nowhere: so helpful for someone like me who has a hard time disconnecting. There is no internet or cell reception even if I wanted it, which is actually very liberating. The pace of November was much slower by design. Not only …

Income Report

October 2019 – Detailed Financial Report #58 – Net Worth $1,342,681 | Income $116,170

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And we’re back! Halloween always seems to be the line in the sand that separates summer from fall where I live and it marks the start of my favorite time of year. The weather has cooled down significantly and the AC will be off for the next six months. Even better, the clocks will “fall back” for daylight savings time in California and psychological trick or not, I always feel more rested when this happens. October was a month for records, both in the markets and the GYFG financials. It is also an odd month where our income hit an all-time high at $116,170, we deployed almost $225,000 in capital, and our savings rate was almost 80%, yet our net …

Income Report

September 2019 – Detailed Financial Report #57 – Net Worth $1,360,455 | Income $32,342

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HAPPY BIRTHDAY, GYFG! The blog officially turned five years old last month. It doesn’t seem possible but it happened. This blog has been a critical ingredient to my success over the last five years in several key ways: It’s held me accountable to my goals. It’s allowed me to solidify my philosophies. It’s allowed me to document my journey. It’s allowed me to connect with AMAZING people.  My original goal was to stick it out for three years…but here we are those three plus two more! Blogging has become a part of my identity.  I don’t see myself stopping anytime soon. My new goal is to make it to the ten-year milestone. I figure I’ve made it five years, why …

Income Report

August 2019 – Detailed Financial Report #56 – Net Worth $1,312,526 | Income $59,115

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There is blood in the streets and it’s coming from the GYFG house. We burned through a big chunk of cash this month in order to make our backyard look like the pictures below. We added two covered patios and restarted the landscaping and irrigation from scratch. These new additions go well with the outdoor BBQ and kitchen area we put in a few years ago. The new backyard set us back about $30,000 but it is now a place to chill and is more conducive to being outside year-round. We recently paid off our mortgage in May, and I look at this $30,000 enhancement as an investment that will allow us to stay here for another 3-5 years before …