Why I Really Started Gen Y Wealth

February 4, 2011

Five years ago now, I graduated from Eastern Illinois University. Upon leaving, I went to work for my family’s business, Weiss Insurance Agencies. An insurance agency started by my Great Grandpa over 100 years ago. Since I decided to go to the cheapest in state school to get my degree, I was fortunate to graduate [...]

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15 Things You Need to Do, Before Reading Another Financial Blog

February 2, 2011

“Reading, after a certain age, diverts the mind too much from its creative pursuits. Any man who reads too much and uses his own brain too little falls into lazy habits of thinking.” – Albert Einstein There is no shortage of financial information freely available today. There are thousands of blogs, podcats, and sites devoted to [...]

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3 Essential Financial Ratios to Track besides Your Net Worth

January 31, 2011

No matter your current financial state, there are huge benefits to be had from tracking meaningful financial ratios. Besides your net worth, try tracking the following three ratios. I guarantee you will see large improvement in your finances. Net Wealth = (Net Worth) / (average monthly expenses/30) No other financial ratio gives you a better [...]

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Weekend Reading – Get Some Free Stuff Edition

January 29, 2011

If you haven’t already, I would love for you to join me on Facebook. I have some really exciting giveaways upcoming, that’s available solely to Facebook fans of Gen Y Wealth. With that being said, on to the weekend reading. Mainstream Media, Good Reads for the Week With Retirement Savings, It’s a Sprint to the [...]

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Should I Invest in a Roth 401(k) or Traditional 401(k)?

January 28, 2011

The #1 question from subscribers of the Gen Y Wealth Newsletter has been about Roth 401(k)s. Specifically, readers are wondering if they should contribute to a Roth 401(k) or Traditional 401(k). Up until now, I have always thought a Roth 401(k) as the superior investment. Meaning that majority of young adults should contribute to a [...]

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