2020-07-10 14:00
Unlike stocks, which represent equity or ownership in a company, bonds are loans. When you invest in loans, you are actually investing in debt. You loan your money to an organization fo… Read More
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The Science Of Money By Moolanomy.com Blog
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Personal Finance. Investing. Wealth Building.
2020-07-10 13:00
Every year, we set up big audacious goals that we want to accomplish in the new year. Somehow, we are magically more likely to succeed because a number changed on the calendar. Personally, I… Read More
2020-07-07 13:00
If you are new to investing and asset allocation, you might see some recommendations to invest in International Stocks. Still, every person you ask seems to give you a different answer about… Read More
2020-07-06 12:00
Many different financial products can help you achieve your saving and investing goals. Each product is better at meeting specific objectives, while others are better for other purposes. Whe… Read More
2020-07-03 14:00
We can debate whether buy and hold is a more effective method than other investment strategies, but it has two major advantages that are beyond any doubt. One is that transaction fees are ge… Read More
2020-07-03 01:00
When planning for retirement there’s an overwhelming tendency to focus on the financial side, and as well as should be. Without a solid tax-deferred retirement plan, there would be no… Read More
2020-07-01 12:00
If you are thinking about buying a house, you might be wondering, “how much house can I afford?” There is a significant distinction between what the bank will lend you versus wha… Read More
2020-06-30 10:00
There are a lot of sites that help you determine how much you need to save for retirement, but I have never been comfortable with them because they usually don’t share the logic behind… Read More
2020-06-29 11:00
Mixing money and family typically is not a prudent financial move. All too often, personal feelings get tangled up in a web of financial burdens, and it can be unpleasant and potentially put… Read More
2020-06-28 12:00
There are four main types of deposit accounts offered by banks that you can use to save money for your financial goals. Depending on your needs, one or more of the accounts may be an ideal w… Read More
2020-06-27 12:00
Investing in the stock market is one of the most accessible and reliable ways to build wealth and generate passive income. It is statistically possible, to invest $100 a month and become a m… Read More
2020-06-24 18:00
In the United States, it is quite common for individuals to leave it up to their employers to kick start the retirement planning efforts of the individual by enrolling them in a 401(k) or ot… Read More
2020-05-22 00:00
According to the IRS, the combined total contribution you can make to all of your 401(k) plans (including traditional 401(k), Roth 401(k), and individual 401(k) plans) in 2020 increases by $… Read More
2020-05-21 11:00
Are you earning the most from your savings and money market deposit accounts? Savings and MM accounts are the foundation of a strong financial plan, providing you with financial stability as… Read More
2020-05-21 11:00
The following credit cards offer 5% cash back bonus promotions — usually on a quarterly rotating basis in select categories of goods and stores. The best strategy is to have several of… Read More
2020-05-21 11:00
The following is a list of the nationally available highest yields CD rates. In general, certificates of deposit (CDs) are great short-term investments because your principal is protected by… Read More
2020-04-21 19:42
If you are a self-employed, a sole proprietor, or structured as an LLC, you probably felt left out during this crisis, because corporations and W2 employees were prioritized ahead of you by… Read More
2020-04-18 18:30
After you started investing in the stock market for a while, you are probably thinking about diversifying beyond stocks, bonds, and REITs. A common next step for many investors is investing… Read More
2020-04-12 14:30
Personal finance can be intimidating, but it doesn’t have to be complicated. Making the most of your money starts with five building blocks: (1) Earn, (2) Save and Invest, (3) Spend, (… Read More
2020-04-12 14:30
Personal finance can be intimidating, but it doesn’t have to be complicated. Making the most of your money starts with five building blocks: (1) Earn, (2) Spend, (3) Save and Invest, (… Read More
2020-04-10 13:23
As a sole proprietor, independent contractor, or self-employed individual, you may be eligible to receive assistance under the Small Business Administration’s Paycheck Protection Progr… Read More
2020-04-08 23:42
Due to the recent pandemic, people spend more time inside their home. To keep your family healthy, cleanliness has become a top priority in most households. In addition to keeping surfaces c… Read More
2020-04-07 22:46
As states and cities issue stay-at-home orders and businesses are forced to shut down due to the current pandemic crisis, more and more people are financially impacted. Homeowners are among… Read More
2020-04-07 22:46
As states and cities issue stay-at-home orders and businesses are forced to shut down due to the current pandemic crisis, more and more people are financially impacted. Homeowners are among… Read More
2020-03-26 17:00
Do you want to know your credit score but are not sure where to look? Here, I will walk you through the three main ways you can check your scores for FREE and explain the different types of… Read More
2020-02-01 11:00
The Dogs of the Dow is a straightforward investment strategy first introduced by Michael B. O’Higgins in his book Beating the Dow. The procedure is very simple. At the end of the year… Read More
2020-01-07 20:34
A health savings account (HSA) is a tax-advantaged savings account that you can use for medical expenses. You can take advantage of an HSA when you choose a qualifying health insurance plan;… Read More
2020-01-02 11:00
Are you earning the most from your savings and money market deposit accounts? Savings and MM accounts are the foundation of a strong financial plan, providing you with financial stability as… Read More
2019-11-02 11:00
The following credit cards offer 5% cashback bonus promotions — usually on a quarterly rotating basis in select categories of goods and stores. The best strategy is to have several of… Read More
2019-11-02 11:00
The following is a list of the nationally available highest yields CD rates. In general, certificates of deposit (CDs) are great short-term investments because your principal is protected by… Read More
2019-10-10 17:00
Investing in the stock market is a risky business if you don’t know what you’re doing. Even if you do, it’s possible to lose a lot of money. Personally, I relied less on pi… Read More
2019-10-08 11:00
One of the best ways to start investing is to use the services of an online stockbroker. However, there are so many brokers that it can be difficult to determine which one is best. There is… Read More
2019-10-02 11:00
If you keep a lot of money in your checking account, moving your money to a high-interest checking account may be a good move. Below is a list of highest yields checking accounts. Your princ… Read More
2019-09-08 14:49
A 30-year fixed-rate mortgage is the most popular option for home purchases. However, you probably have seen some advertisements that encourage you to refinance your 30-year mortgage into a… Read More
2019-09-06 20:00
Although online payment is prevalent nowadays, you may still find yourself in a situation where you need to write a check. For example, when you pay a contractor that doesn’t take a cr… Read More
2019-09-06 01:24
The S&P 500 is a market capitalization weight index. This means that larger companies make up larger percentages of the index than smaller companies. The percentage is calculated by taki… Read More
2019-09-04 02:33
Should you pay off debt or invest? The answer really depends on your specific situation, but it is a question worth exploring in detail since so many people go through this decision-making p… Read More
2019-09-01 11:00
The following is a list of the nationally available highest yields CD rates. In general, certificates of deposit (CDs) are great short-term investments because your principal is protected by… Read More
2019-08-30 13:00
Sometimes you just need to stop spending money for a few days. Maybe you are already over budget, or close to it, and the month isn’t over. Perhaps you have savings goals with deadline… Read More
2019-08-28 18:49
The Dogs of the Dow is a straightforward investment strategy first introduced by Michael B. O’Higgins in his book Beating the Dow. The procedure is very simple. At the end of the year… Read More
2019-08-27 01:13
How close are you to financial independence? What if I tell you that you can calculate this number down to a reasonably precise percentage. Regardless of where you stand financially, knowing… Read More
2019-08-25 20:00
Most investors use asset allocation as a core investing strategy. This means investing a specific amount in each investment, which could be viewed as slices in a pie. At the high level, thes… Read More
2019-08-24 23:46
A Dividend Reinvestment Plan, or DRIP, is an easy way to buy more shares using the dividends you received from your stocks. With this plan, you grow the number of shares you have over long p… Read More
2019-08-24 18:00
One of the more popular investment strategies is to invest in dividend-paying stocks. In this article, we will go over the basics about what are dividend stocks and the advantages and disadv… Read More
2019-08-21 12:00
I have been lending in peer-to-peer lending networks like Lending Club and Prosper for about ten years now. Today, I want to share with you some of the things I have learned, and you can dec… Read More
2019-08-18 15:00
Dave Ramsey’s Baby Steps is a financial plan designed to help you get your finances in order, get out of debt, and achieve financial freedom. Dave Ramsey has taught these Bab… Read More
2019-08-18 00:00
The 4% Safe Withdrawal Rate (SWR) was first introduced by William Bengen in 1994 and later supported by the Trinity Study in 1998. The rule basically states that when you hit retirement age… Read More
2019-08-17 22:00
Why would you give the government an extra cut out of your retirement nest egg if you didn’t have to? We all work too hard and save too diligently to just willingly give the IRS a bigg… Read More
2019-08-16 00:00
There are many different financial products out there that can help you achieve your saving and investing goals. Each type is better at meeting specific financial objectives, while others ar… Read More
2019-08-14 01:00
When you stop working and have to start withdrawing money from your retirement accounts, you have to decide the best way to withdraw money from different accounts. Do you take money out of y… Read More
2019-08-12 01:00
Asset Location is a tax-efficient investing strategy to help you minimize taxes and grow your investments faster by holding investments in the best-suited investment accounts. This str… Read More
2019-08-11 00:00
One of the most powerful forces in finances is compound interest. Compound interest is interest that is paid on the principal and also on the interest that previously earned on your investme… Read More
2019-08-10 10:30
You may have come across references such as the S&P 500 has grown 10% annually for the past 30 years or something to that effect. You may wonder what that means and where did they get th… Read More
2019-08-09 23:00
One of personal finance best practices is to have 3 to 6 months of an emergency fund. Since the money has to be accessible and you can’t risk losing the money, the best place to keep y… Read More
2019-08-08 19:00
Learn from your mistakes is good advice, but learn from other people’s mistakes is even better. I’ve been investing since 1996. In the process, I have learned a lot, mainly from… Read More
2019-08-07 20:59
Having a written business plan is essential when you are just starting as an entrepreneur. It helps you evaluate your business idea thoroughly before you begin, makes it easier to obtain a b… Read More
2019-08-07 02:00
When the stock market hits a rough patch after a long Bull Market, it might cause you to think “Should I get out of the stock market?” and “What should I do with my money?… Read More
2019-08-06 20:00
For parents who are saving for their child’s college education, the main concern is not being able to save enough. The first step is to decide if you’re in the position to help y… Read More
2019-08-04 15:00
Keep It Simple, Stupid! You’re probably familiar with the KISS Principle. If you are feeling overwhelmed by your finances, you can reduce financial stress and improve your quality of l… Read More
2019-08-02 22:00
In How Much Money Do You Need to Retire, I mentioned using the 80% rule to calculate retirement needs. You may have heard this rule before; here is a variation of it: You need 80%… Read More
2019-08-02 01:00
When buying auto insurance, you need to know the differences between your coverage options. Understanding what different types of coverage are included in your policy can help you make bette… Read More
2019-08-02 00:00
One of my favorite subjects is wealth building. At the most basic level wealth, at least your financial wealth, is your net worth. Although there are many beliefs and philosophies on how wea… Read More
2019-08-01 22:00
Do retirees have to file a federal income tax return? You might think that the days spent filing an income tax return each year is behind you once you are retired. However, being retired doe… Read More
2019-07-30 14:00
My first encounter with a Target Date Fund was back in 2006 when my company made Vanguard Target Retirement Funds available for our 401(k) plan. I evaluated the option of using a Target Date… Read More
2019-07-29 23:00
Regardless of your financial situation, your credit score is an important aspect of your finances. This is especially true if you’re planning to borrow money for any reason. With a bet… Read More
2019-07-29 00:00
The S&P 500 is one of the largest barometers of overall stock market performance available. Its performance is often cited as the benchmark to compare all other investments to. What is t… Read More
2019-07-28 22:00
The Pareto Principle, also known as the 80-20 rule or the law of the vital few, is an observation that 80% of the effects come from 20% of the causes. I often use the Pareto Principle in my… Read More
2019-07-28 18:00
An important factor in achieving financial success is setting good goals that you can work toward. Like traveling, you can get to where you want quicker if you know where you are going inste… Read More
2019-07-28 16:00
Do you want to be able to save more money for your financial goals? Today, I want to show you how to make saving and investing less complicated by automating your finances, and share with yo… Read More
2019-07-28 13:00
Whether your child is involved in school sports, music, dance, theater, art or some other activity that goes beyond the scope of ordinary schooling, participation is costly. There are activi… Read More
2019-07-28 12:00
Many people feel like hobbies should be the first thing to go when it’s time to tighten the budget. While many hobbies might be expensive to maintain that does not mean you necessarily… Read More
2019-07-28 11:30
My husband started buying Lord of the Rings action figures after the first movie came out, purchasing them a little at a time. He also has a box full of sports trading cards. A few of them a… Read More
2019-07-28 00:00
Chances are, you know who Warren Buffett is. He’s one of the richest men in the world, and he’s famous for his ability to spot a good investment. He’s also a famous penny p… Read More
2019-07-27 02:02
I finally gave M1 Finance a try…so far, I am impressed. I have been looking for a way to easily invest extra cash sitting in my savings account, but didn’t want to do it with my… Read More
2019-07-25 02:00
This guide is intended to provide readers with ideas, how-to tips, and resources to build multiple income streams and make more money. If you are interested in becoming less dependent on you… Read More
2019-07-24 11:00
Costco is a popular membership-only warehouse club that provides brand-named merchandise typically sold in bulk at a substantial discounted prices. They offer a large selection of products a… Read More
2019-07-24 03:00
Once in a while, you will come across mathematical shortcuts or trick to help you better manage your finances. Here are some cool financial math tricks and rules of thumb that I know about… Read More
2019-07-23 20:00
One of the ways that you can track your financial progress is to periodically check your net worth. Your net worth is a look at one moment in time as far as your finances are concerned. It p… Read More
2019-07-22 19:55
Logan Allec is a CPA, personal finance expert, and founder of the finance blog Money Done Right, which he launched in July 2017. After spending nearly a decade in the corporate world helping… Read More
2019-07-20 23:00
Real estate can make an great addition to almost any portfolio. However, few of us have the large amount of capital needed to buy a property, and it can be difficult to get approval for a mo… Read More
2019-07-20 22:00
When building an investment portfolio, most people focus on an asset allocation that includes two main types of assets: stocks and bonds. While we hear about stocks all the time (thanks to a… Read More
2019-07-20 16:00
One of the ways to generate passive income is through dividend investing. But where do you start? Stock picking is a term that many of us are wary of, however, there are ways to choose solid… Read More
2019-07-20 13:00
If you’re looking for a flexible work from home job, and you’re a decent writer, getting paid to write articles might be right up your alley. Getting paid to write isn’t ne… Read More
2019-07-20 00:00
Are you saving enough for your retirement? How are you comparing to other Americans? In this article we will be looking at average retirement savings by age group in the United States. This… Read More
2019-07-18 20:00
Passive income can be described as income that you receive regularly but does not require a lot of work to sustain it — money that you make constantly whether you work or not. Although… Read More
2019-07-18 13:00
If you paid less than 20% down payment on your home purchase, you are most likely paying a monthly Private Mortgage Insurance (PMI). The PMI is an insurance policy that protects the lender … Read More
2019-07-17 14:00
When money is tight and you need a little more liquidity to ease the situation, you might need to get a loan. But what if you have bad credit? Bad credit can be a deal-breaker when it comes… Read More
2019-07-16 17:00
Having high credit limits can sometimes seem like a validation of our financial success. If these lenders allow you to borrow such a large amount, they must think well enough of you and you… Read More
2019-07-16 16:00
Not long ago, I participated in a lively conversation in the GRS forums entitled: Debt Snowball vs. Emergency Fund. The premise is very simple. Should the person start an emergency fund whil… Read More
2019-07-16 16:00
You know you need to have some money set aside for life’s emergencies, but how much is the right amount? Should you have a separate fund for your car, for unemployment, and for medical… Read More
2019-07-16 02:00
One of the realities of earning more money is that you also need to report that income to the IRS. When you have a side hustle, you are supposed to report that income — no matter how i… Read More
2019-07-15 23:00
Home and auto insurance premiums tend to go up each year. The good news is that it is easy to get free quotes, you can often shop for both policies together and take advantage of multi-polic… Read More
2019-07-15 22:00
How much life insurance do I need? That is the same question I asked myself not too long ago triggered by the birth of my son. Personally, I think the best way to answer this question is to… Read More
2019-07-15 22:00
If you sell on eBay or one of the many online marketplaces, you might be wondering if you have to pay taxes on your eBay income? You certainly don’t want to get in hot water with the I… Read More
2019-07-15 21:00
Have you ever considered investing in options but got confused just from looking at the ticker symbol? At first glance they can seem a little confusing. A bunch of letters followed by a bunc… Read More
2019-07-15 01:00
If you are new to investing and asset allocation, you might see some recommendations to invest in International Stocks, but every person you asks seem to give you a different answer about wh… Read More
2019-07-14 22:00
Low interest rates might be good for the economy and consequently for the Stock Market; however, it is no laughing matter to the millions of seniors that depend on fixed-income investments f… Read More
2019-07-14 22:00
Mixing money and family typically is not an advisable financial move. All too often personal feelings get tangled up in a web of financial burdens and it can be a very unpleasant and… Read More
2019-07-14 10:00
My first job after college paid $8 per hour in 1995 — not good start for an Ivy League alumni. That job was something to do while I tried to rediscover myself. I was lost and dispirite… Read More
2019-07-14 00:00
What are Exchange-Traded Funds (ETFs)? They are investment funds that hold underlying assets like a mutual fund, but are traded on the stock exchange like individual stocks. To better unders… Read More
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