June 2015 Financial Report

June 2015 – Detailed Financial Report #6 – Net Worth $220,313 [+21.5% YTD]

Gen Y Finance Guy Monthly Financial Reports 19 Comments

GYFG here checking in for the June monthly financial report. For those of you that are new around this corner of the internet, I wanted to fill you in as to what these reports are all about. These monthly reports are about full transparency. They are just as much for me as they are for you. It’s a hard decision to make all of your financial details public, but it’s also a very motivating one. It’s not just the post, but the process of putting this post together that really benefits me. My sincere hope is that my transparency will inspire you to take the helm of your own financial ship and be intentional with its direction. I truly believe that anyone can reach …

May 2015 Net Worth

May 2015 – Detailed Financial Report #5 – Net Worth $210,853 [+16.3% YTD]

Gen Y Finance Guy Monthly Financial Reports 24 Comments

GYFG here checking in for the May monthly financial report. For those of you that are new around this corner of the internet, I wanted to fill you in as to what these reports are all about. These monthly reports are about full transparency. They are just as much for me as they are for you. It’s a hard decision to make all of your financial details public, but it’s also a very motivating one. It’s not just the post, but the process of putting this post together that really benefits me. My sincere hope is that my transparency will inspire you to take the helm of your own financial ship and be intentional with its direction. I truly believe that anyone can …

April 2015 – Detailed Financial Report #4

Gen Y Finance Guy Monthly Financial Reports 24 Comments

The year is officially 33% complete.  I can honestly say this is the post I get most excited about writing each and every month. (Mr. CEO here – One thing I want to say right now before we get too far, is that THIS POST….THIS VERY POST is our 50th post. WOW!!! Can you believe it!? Time is absolutely flying by) WOW! That is amazing that we are already on post number 50!!! (I love those little !!!!!) These reports are a way for me to track my progress and stay accountable to my goals. But it’s also one of the many ways I try to humanize finance for all of you reading this blog. By the way, in case you …

Net Worth

Increasing Your Net Worth And The Role Of Income

Gen Y Finance Guy Financial Freedom, Net Worth 21 Comments

There was a time in the not too distant past that my entire focus was on growing my income.  These days I am more and more focused on building my net worth, which in theory should build my income (or at least my future income). I have read in many personal finance books and blogs that it is net worth that matters more than anything, especially since the government taxes you on your income and not your net worth. In 2015 I plan to increase my net worth by about $69,000 before any appreciation from real estate, stocks, options, dividends, and interest income: Max out my 401K with the new 2015 limit of $18,000 (picking up an extra $500 this year) …

January 2015 – Detailed Financial Report #1

Gen Y Finance Guy Financial Freedom, Monthly Financial Reports 54 Comments

Last week I announced after I created the new Financial Stats page that I would also be publishing a detailed financial report on a monthly basis. In these monthly reports the plan is to give you all a month over month update on Gross Income, Assets, Liabilities, Net Worth. There is also a detailed break-down on Expenses, Investment Contributions, and progress towards my mortgage pay down goal. One more note before we get into the financial report for January. I just want to point out that I am publishing this report at 8:22 am on 1/31/15, and as you can imagine we could spend a few more dollars today. However, I was so excited and anxious to get my first report out that …