Income Report

May 2021 – Detailed Financial Report #77 – Net Worth $2,870,284

Gen Y Finance Guy Monthly Financial Reports 14 Comments

May was the first month that has felt “normal” in a long time. I mean…I got to take my son to see his first movie at a theater. The GYFG family is definitely ready for some fun in the sun this summer. Although it’s not yet officially summer as I type, it’s only 23 days away, so we decided we would start the party early. We are gearing up for an epic summer retreat with my business partners (who also are our long-time friends) with our families to celebrate our continued success. Let’s be honest, the retreat gives us an excuse to have a good time on the company dime! We will be hosting 11 adults, five kids between two …

Income Report

April 2021 – Detailed Financial Report #76 – Net Worth $2,766,925

Gen Y Finance Guy Monthly Financial Reports 9 Comments

I know I say this every month but I can’t believe another month is in the rear view mirror. The first week in April was very tough with the loss of my mother-in-law as she lost her battle with cancer. The grieving process is nowhere near done but each passing day and week is getting easier…although there is nothing easy about losing a loved one. We continue to remember the good times and hold onto those memories and stories when the reality of loss gets us down. There is also a bit of guilt that we are all fighting as we continue living our lives. We know that this is what my mother-in-law would want us to do but it …

Income Report

March 2021 – Detailed Financial Report #75 – Net Worth $2,658,092

Gen Y Finance Guy Monthly Financial Reports 7 Comments

I’m late getting this regular monthly update out because my family’s world has been consumed by the pain of a devastating loss. In February of this year, my mother-in-law was diagnosed with stage 4 liver cancer. We are in shock now that only two months after the diagnosis she lost this battle in early April. Death is very much a part of life. We can know that, but it is a loss like this that brings that truth home beyond a shadow of a doubt: time is rare and precious. It is our own mortality that makes the hours and days we do have so precious – time truly is our most scarce resource. When you lose a loved one …

Income Report

February 2021 – Detailed Financial Report #74 – Net Worth $2,637,353

Gen Y Finance Guy Monthly Financial Reports 9 Comments

A reader (JayCeezy) left a comment last month and recommended I check out the Rahe Stress Test. After getting through the emotional rollercoaster that February was, I decided to do that before sitting down to write this month’s post. The test presents an inventory of 43 major life events with an associated point value for each item on the list. To take the assessment you go through and mark each item that has happened to you in the last twelve months and then add up all the points for the applicable events. You then take that score and compare it to three major buckets: I’d be lying if I said that the last year (really two years) haven’t been the most …

Income Report

January 2021 – Detailed Financial Report #73 – Net Worth $2,614,367

Gen Y Finance Guy Monthly Financial Reports 15 Comments

Bam! That is the best word I can use to describe January. It started with a Boom! had a few a Bangs! and ended with a Bam! What does that even mean? It means there were a lot of good things that happened while under incredible overwhelm during certain points in the month. Many of you know that I took a nice long break in November, but what many of you don’t know is the grueling schedule I started on December 1st and maintained for about eight weeks. I went from enjoying the beach and working only a few hours a day in November to working like a full-blown maniac. I was waking up between 3 am and 4 am …

Income Report

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

Gen Y Finance Guy Monthly Financial Reports 9 Comments

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 …

Income Report

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

Gen Y Finance Guy Monthly Financial Reports 2 Comments

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 …

Income Report

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

Gen Y Finance Guy Monthly Financial Reports 9 Comments

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. …

What’s Currently Occupying My Mind?

Gen Y Finance Guy Income Streams 15 Comments

I have a lot of little things I’d like to share but none that seem worthy of a full dedicated post. Therefore, I’ve decided to group all those little things into this post with a handful of “bite-size thought-snacks.” They are thoughts I want to document and maybe even drive up some discussion in the comments if anyone has anything thoughts or insights to add. Let’s jump in! Mortgage Rates I think the table below speaks for itself. As I shared last month, rates had become so low that even I couldn’t resist putting a mortgage back on our primary residence. I was born in the 1980s and can’t imagine paying almost 13% or 4X the prevailing interest rate we …

PeerStreet Performance

[Guest Post] How to Become a Young Millionaire

Gen Y Finance Guy Interview 8 Comments

It’s been a while since I’ve shared a guest interview that I wrote for another blog post. Today I will be sharing the post I wrote for Marriage, Kids, and Money. I originally wrote this post back in August of 2018 and it was published in September of 2018. It’s amazing how fast time flies by. I always like reflecting back on what I wrote previously and annotating it with updates from the present day. THE DETAILS How old are you? If you have a family, tell us about them and their ages. Hi, I’m Dom. I’m a 31-year-old married father-to-be. My wife and I were born only 11 days apart and will be 32 later this year. We’re expecting …