Gen Y Wealth Monthly Report – July 2010

by RJ

in Random

There are a few reason why I choose to share a personal, financial, and business updates every month.. First, I get to measure my success. Second, I hold myself accountable for my finances. Third, I share with you goals that I set for myself next month.

I would recommend doing something similar in your life. Start tracking whatever you want to see improvement in (your money is a good start). There is a lot of research out there showing that tracking generally precedes improvement.


Due to Feedburner being out of whack, the only subscriber number I currently track is email list subscribers. At the beginning of July, I had 84 subscribers. As of July 31, I had 103.

Anytime you can grow more than 10% in a month, it’s a good thing. My goal is to always increase this number by 10% each month. Which will get a lot harder, the more I grow.

If you’re reading this and haven’t signed up for the newsletter, sign up for the mini-financial course and you will be added to the list.

Website Traffic

July was a great month for traffic. The # 1 referrer, besides Google, to Gen Y Wealth during July was a link from the Being mentioned on Mint, along with a guest post on Free Money Finance, enabled the site’s traffic to rise.

Here are the stats…


  • Alexa Ranking: 811,995
  • Absolute Visitors: 1,574
  • Page Views: 7,783
  • Average Time: 3:29


  • Alexa Rankings: 716,531
  • Absolute Visitors: 2,279
  • Page Views: 10,954
  • Average Time: 3:50

One thing I’m very proud of, is the average time spent. Knowing that each visitor spent almost four minutes on Gen Y Wealth in July, is an accomplishment in my eyes.

I spent a lot of time last month researching and writing The Gen Y Guide to Managing Your Finances eBook. If you haven’t gotten your copy, do it now, it’s free.

My goal for August, is to put together everything I know about investing for Gen Y.

Personal Finance Update

Since many trust me with financial advice, I think it’s important that I let people know how I’m doing financially.

The two stats that I report are my Net Worth and my Investments to Expenses Ratio. My goal is to eventually invest $1 for every $1 that I spend.

Here are June’s financial stats:

  • Net Worth = + 2.06%
  • Investments to Expenses:73%

Followed by June’s financial stats

  • Net Worth = +5.74
  • Investments to Expenses: 59%

My income stayed consistent from June to July. The reason for the jump in net worth, was the performance of the stock market the past month. It was a good feeling making money, from doing nothing.

The amount I saved did go down. My wife and I, are contemplating moving to the city of Chicago. Not exactly sure when, but due to the lifestyle change, we did save a little more in cash to give us flexibility.

My 5 Favorite Posts from June

  1. Managing Your Credit eBook
  2. Follow Your Strengths, and the Money Will Follow
  3. Money ca be a Great Excuse
  4. Salary Addiction
  5. How to Improve Your Productivity, Doing Less

Related Posts on Gen Y Wealth

Comments on this entry are closed.

Previous post:

Next post: