About Young And The Invested

Welcome to Young and the Invested, a growing online community for young professionals looking to improve their financial literacy and develop strategies to reach financial independence.

I started this financial independence blog because I find most advice about personal finance is generic, not tailored to younger generations in the early stages of their careers, and outdated.  By developing sound financial habits, anyone can underpin their path to reaching financial independence and have a chance to retire on their own terms.

Most of what you read in the media highlights the perpetual problems Millennials face when it comes to establishing good financial habits like living within your means, saving money, or setting aside enough to fund your retirement. But why is that?  What is driving this?

From my perspective as a Millennial, I don’t get excited about delaying my gratification and saving consistently to reach some eventual goal 40+ years in the future.  Blame long-term unpredictability, social media, and our on-demand culture.  We desire a life of convenience and immediate fulfillment.
Stated plainly, we want a life bursting with experiences and to be financially free without having to follow a traditional retirement path.  When we look at what’s ahead, we don’t know what tomorrow will hold.
As a result, we’re more inclined to delay gratification a bit less than our predecessors. YOLO (you only live once), right?
We must confront unique frictions other generations didn’t have to face.  Namely ballooning student debt, stagnant wages, increasingly-expensive homes, and impediments in career advancement.  As a result, I’m not of the mindset traditional financial advice applies to our generation in the way it did to Gen-Xers or Baby Boomers.
When people advocate for saving 10% of our salary in perpetuity and relying on Social Security and Medicare to cover the rest in retirement, I’m not certain this will be enough for us to live comfortably.
Because we cannot afford to start saving for retirement as early as previous generations and we have less certainty of having entitlement programs existing in their current forms, we need to find another way to reach retirement.
As such, I advocate for pursuing financial independence rather than strictly a traditional retirement.  And because our efforts compound, I suggest seeking it sooner, rather than later.
This requires developing unique skills to take up side hustles; making investments in assets which provide passive income (and pay zero tax) to cover our costs of living; learning to live within our means; and discovering how to build wealth through investing in index funds.  This is how I would redefine retirement for Millennials, most of which differs from conventional retirement advice.

To accomplish these goals, the site shares personal and financial insights through a mix of story-telling and my personal perspective on how to reach financial independence.  I discuss ways to make a lot of money, how to save money, and invest money.  Simply, I write about sound decision-making to set you up for success.

While Young and the Invested targets young professionals who find themselves on this same quest, the material is widely-applicable to all readers.

About Me

In 2018, I was winding down a stint in investor relations and found myself newly equipped with a CPA, added insight on how investors behave in markets, and a load of free time.  My job routinely required extended work hours, complex assignments, and tight deadlines.  Seeking to maintain my momentum, I wanted to chase something ambitious.

As my rotation through the group came to an end, I couldn’t have been more grateful for working alongside some of the most competent people I’m likely to meet.  I saw how hard they worked to build their body of work and the dedication exerted to perfect their craft.  I also saw the toll a lifestyle like that could take long-term if you didn’t love what you do.

These folks thrived in this environment and they enjoyed the constant engagement.  They were in their element and the sacrifice required didn’t phase them.  Instead, my co-workers found what made them tick and took to it with a passion.  Seeing this first hand sparked in me a desire to do the same toward reaching one of my major life goals: becoming financially independent.

Ever since I was little, I wanted the financial freedom which came from having enough money to pursue what I wanted and not merely work a job to make ends meet.  Fortunately, I’ve enjoyed my work and the colleagues I have around me.  I’ve learned a great deal I know I wouldn’t have otherwise.  I’m working a job which fulfills me. But let me be clear: I might not want to go to the early retirement dance, but I would still like an invite.

I chose to start this financial independence blog as my next step, recognizing both the challenge and opportunity.  I launched the site with encouragement from my wife as a means to lay out our financial independence journey and connect with and help others who share the same goal.

I talk about a number of topics already listed above, but also about topics like travel hacking with help from the Reddit churning community, house hacking and optimizing the benefits of my condo vs. apartment living, and tax topics like the earned income tax credit, common tax deductions, tax reform in 2018, and other useful topics.

If you find yourself drawn to this pursuit, please stick around and contribute.  I enjoy a diversity of opinions because challenging my own thinking often leads to better outcomes.  Please consider subscribing to the newsletter by submitting your email address below and I hope to see you around the site and on social media.

Disclaimer

This blog exists to encourage awareness and strategies to become financially independent through thoughtful actions and deliberate decision-making.  The blog aims to teach a broad community by spreading information and contains thoughts and ideas displayed through my lens, but ultimately, it is your decision what is best for you and your situation.

Your decisions are yours alone and we are in no way responsible for your actions.  Strive to grow in all senses of the word and think long and hard before making any financial transaction!

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