The Slight Edge

Gen Y Finance Guy Words To Live By 4 Comments

The Slight Edge is by far the best book I have ever read (so good that I just read it for the 5th time). It literally is the handbook to success regardless of the endeavor. It is a philosophy that has and will stand the test of time. This is the “Holy Grail,” if there ever was such a thing. Below is a diagram that Jeff Olson, the author, created that beautifully captures the entire philosophy. The Slight Edge is about leveraging the power of compound effort. It works in finance just as well as it works in fitness or relationships or business. The Slight Edge works for you when you practice simple disciplines consistently over time. And it works against you when …

The Mortgage Snowball Strategy: Pay Your Mortgage Off In 5-7 Years

Gen Y Finance Guy Mortgage Snowball 82 Comments

In a previous post, I mentioned that I had recently become debt-free outside of the mortgages on my primary residence and investment condo. In that blog post, I announced an outrageous goal of paying off the mortgage on my primary residence in 7.5 years. I gave you the Cliff Notes version there of the strategy I devised to accomplish this big, hairy, and audacious goal. In this post, I want to expand upon the thinking and get more granular on the strategy. My hope is that by the end of this post you will realize that this strategy is easy and anyone can follow it…even though most won’t. Only those truly hot in pursuit of financial independence will have the discipline and …