Cost of Use

Calculating Cost of Use – A Simple Solution to the Buy vs. Rent Choice

Gen Y Finance Guy New Rules, Real Estate 22 Comments

One of the interesting ways that I have come to look at things is by using the concept of the “Cost of Use.” Today I want to apply this concept to answer the ever controversial question of buying vs. Renting. As you have probably witnessed firsthand, like just about every topic in personal finance there is always a polarized stance on these types of topics. On the one hand you have the camp that believes you should buy a house no matter what and on the other side there is the camp that says you should never buy and rent for the rest of your life. But in reality, where you and I live, the answer to whether you should …

Climbing The Corporate Ladder

That Email That Led To ^ $60,000 In Compensation

Gen Y Finance Guy Career, Featured, Freedom Fighter, New Rules, The JOB 50 Comments

Ever since starting this blog I have been deeply introspective with regards to my career and my interests. Since graduating college with a degree in corporate finance, that’s where I have spent the majority of my career. Within that model, and being the good corporate monkey that I was taught to be, I have done everything to continue and progress my career in finance to the highest level possible. When you pursue the corporate finance career path, that highest level and ultimate destination is the Chief Financial Officer (CFO) role. In my current role, I report to the CFO. We have even had discussions about succession planning and how I fit into the plan as his successor when he eventually leaves …

Sell Into Strength - Investment Rule #2

Sell Into Strength – Investment Rule #2

Gen Y Finance Guy Financial Freedom, Financial Markets, New Rules, Options, Words To Live By 6 Comments

Over the course of the coming weeks and months I will be laying out the investment rules that I live and die by. These are rules that I have developed over the last ten years as both a retail and professional investor and trader: Rule # 1: Buy into weakness. Rule #2: Sell into strength. Rule #3: Reduce cost basis. Rule #4: Keep investments small. Rule #5: Keep 80% of total invested capital in ETF’s and up to 20% in individual names. Rule #6: Choose duration over direction. Rule #7: Manage your winners. Rule #8: Manage risk at order entry. Rule #9: Increase your # of occurrences. Rule #10: Make investments with a probability of profit > than 50%. Selling …

Buy Into Weakness – Investment Rule #1

Gen Y Finance Guy Financial Markets, Investing, New Rules, Options, Words To Live By 24 Comments

Over the course of the coming weeks and months I will be laying out the investment rules that I live and die by. These are rules that I have developed over the last ten years as both a retail and professional investor and trader: Rule # 1: Buy into weakness. Rule #2: Sell into strength. Rule #3: Reduce cost basis. Rule #4: Keep investments small. Rule #5: Keep 80% of total invested capital in ETF’s and up to 20% in individual names. Rule #6: Choose duration over direction. Rule #7: Manage your winners. Rule #8: Manage risk at order entry. Rule #9: Increase your # of occurrences. Rule #10: Make investments with a probability of profit > than 50%. (Note: …

Memento Mori – Remember Your Mortality

Gen Y Finance Guy New Rules, Words To Live By 19 Comments

Yesterday is history. Tomorrow is a mystery. Today is a gift, that’s why it’s called the present! Last week I shared a post on time, and this week I would like to follow it up with something I started back in late 2011 or early 2012. As a quick reminder, we all get a daily deposit of 86,400 seconds a day to spend and invest however we choose. It doesn’t matter who you are or where you come from, you get the same exact deposit. You can’t buy more time. Once you use it, you lose it. Any unused balance is deleted from the ledger and the balance reset. There is no guarantee tomorrows deposit will come. Memento mori (Latin ‘remember (that you have) …

Financial Truth

The Financial Truth: There’s a limit to how much you can cut expenses, but there’s no limit on how much you can earn.

Gen Y Finance Guy Featured, Financial Freedom, New Rules 13 Comments

Do you want more from life? More money? More freedom? More security? More time with friends and family doing the things you love? I don’t know anyone that would say no to these questions. That’s not to say that there aren’t plenty of people out there that are completely content with their lives. Maybe they have all the money, freedom, security, and time they need and want. I need to let you in on a Financial Truth when it comes to your finances. There is a natural ceiling on how much you can save, but how much you can earn is limitless. Now that we know that universal truth, let’s take a look at the two ways you can build wealth: 1) You can spend less. Unfortunately there is …

American Dream

We Don’t Have Our Parents American Dream

Gen Y Finance Guy New Rules 3 Comments

The world is changing. There’s a feeling in the air today, around America and throughout the world, that what people believed about financial security and prosperity is no longer true. A lot has changed in the last [six] years. You have three ways to react to these changes. First, you can stick your head in the sand and hope that everything returns to normal – but that isn’t happening. Second, you can blame others and demand that prosperity and security be given to you because you believe it is your right to have these things – but this won’t occur, and even if it did, it would only come with a terrible price to pay. The third option is to take …

Lyft

The Lyft Experiment

Gen Y Finance Guy Financial Freedom, Income Streams, New Rules, Share Economy 3 Comments

The best thing about this day and age is there are so many alternative ways to earn money. In a previous post I talked about how I was embracing the “Share Economy,” whereby you basically find a way to earn money with the “excess capacity” in the things you already own. A few posts ago I talked about leveraging the share economy to rent a room out in my house (think Airbnb and Craigslist), today I want to talk about my newest experiment with Lyft. Ride share apps like Lyft (and Uber) are disrupting the taxi business (and possibly other businesses in the transportation space). The app that each of these companies provide is easy to use and removes friction from …