As you can probably surmise from the name of this blog, I am part of Generation Y, albeit on the older spectrum of Generation Y. Generation Y gets a bad reputation, we are seen as entitled, spoiled, lazy, and not very good with money. Hopefully we can change these stereotypes and with this website my goal is to help you become more money savvy. After all, money represents our values, and Generation Y has a strength in knowing what we value.
Millennials value freedom, value time, and tend to value experiences over material goods.
I have been writing about personal finance for over eight years. I created one of the top personal finance blogs in Canada in 2009, Young and Thrifty and have been passionate about personal finance for even earlier than that. After selling the blog in 2012 to Kyle and Justin, I continued on writing about personal finance for the blog.
In 2017 I stopped writing and I missed writing about personal finance so much so I decided to start another blog (yes, attempting this blogging thing again 5 years later), and so genymoney.ca was born.
I have learned so much in the decade that I have been involved in personal finance and investing, many of these lessons were painful but important experiences that helped shape my investing approach today. I have invested through a market crash and many people who haven’t (who are investing in the stock market right now) don’t know how painful it can be. I too sold and was fearful but with more experience under my belt, I feel equipped for the next downturn. Because it will happen.
I hope that with reading this blog and taking the Young Money Bootcamp eCourse offered through this website that you will be able to skip many of the difficult and painful financial lessons and learn from my mistakes.
A little bit more about me?
I am in my 30’s (hence on the older millennial spectrum of Generation Y). I live in Vancouver, British Columbia, one of the most expensive cities in the world to live in.
My goal is to reach $1,000,000 in net worth by 40.
(I have over five years to go, without telling you exactly how old I am) and since starting to post my net worth updates in 2009, I went from a net worth of around $75,000 to over $600,000 in 2017. Sharing the net worth updates on the blog held me accountable and kept me on track.
One of my passions in life is to travel and explore the world (after all, millennials are more likely to have bucket lists and experiential bucket lists, according to Fodors). I have had the great fortune to travel to 44 countries around the world, and one of my goals is to try and see a new country every year. There’s still much more I want to see and experience, including Santorini in Greece, the Maldives (although I need to get rid of my fear of float plane flying first I suppose), the lavender fields in France, Mongolia, and Pompeii… the list goes on! Thankfully my husband is supportive of this travel addiction of mine.
I haven’t been to Mexico (I know, right, I live in Canada and haven’t been to MEXICO?!?) and we are hoping to make a road trip down the west coast to stop in to Tijuana, and check out the Daily Journal Annual General Meeting with Charlie Munger soon.
My husband is part of Generation X and we make a good team, I admire his hard work ethic and we have the same passion for personal finance and investing (I think him more so than me, actually!). I think he admires my tenacity. We welcomed a baby (baby GYM) in 2017 and we hope to:
encourage our values of frugality, delayed gratification, valuing experiences over material goods, hard work, minimalism, and being smart with money.
We have to make minimalism work for us since we are two adults, a baby, and a dog living in 450 square feet.
I am stubborn (hence the aforementioned tenacity). Case in point: My fiancé (at the time, now husband) and I wanted to go the Berkshire Hathaway Annual General Meeting, we bought our plane tickets and planned the trip but the plane was cancelled in Dallas, Texas (there was a stopover in Dallas). They told us the next earliest flight was the next day (which would mean missing the Annual General Meeting, completely unacceptable, I know).
My husband said “well, I guess we can try again next year.”
I looked at him in disbelief. “You’re just going to give up just like that?? We came so far, we can’t turn back now!”
After I did some researching, it was a 12 hour drive to Omaha from Dallas and my husband agreed to give it a try. The other alternative was to wait for another flight that might show up but given the weather it was unpredictable. Two guys from Canada who were also in the same boat as us decided to take that option (they ended up making it too!).
It was like Amazing Race, Berkshire Hathaway AGM Edition!
We decided to rent a van and drive from Dallas, Texas to Omaha, Nebraska overnight and basically tag team drove every two hours with a 30 minute break to scarf down dinner at Jack in the Box. We carpooled with a guy who flew all the way from Australia to go to the Berkshire Hathaway AGM and whose flight also got cancelled. He swore a lot throughout the car ride and was talking about hot girls the whole car ride, he was nice though he tried to keep us awake while we were driving. Thankfully he didn’t turn out to be a serial killer.
After a long, long, night of driving through three states, we rolled up into the Century Link Plaza parking about 30 minutes before the AGM started, all tired and exhausted from lack of sleep. Adrenalin kept us going for the entire meeting. I was a few feet from Warren Buffett when he showed up at the convention area doing his rounds.
Going to the Berkshire Hathaway Annual General Meeting was one of the best trips I have ever taken, and we had so many Warren Buffett sitings and close encounters that weekend (FIVE), it was well worth it.
Well, thanks for reading my blurb, and hope you enjoy the blog and if you wish to make the most of your millennial money, make sure you subscribe!