Financial Planning is a broad topic that spans your entire financial life. These articles cover your early finances, the retirement saving and planning process, the related topic of Social Security, your retirement, and finally estate planning. Additionally, check out related articles in these sections: investing, savings, and real estate and homeownership.
Financial Planning is a subsection of asset management.
Financial independence is a term typically used to describe a state where you have sufficient assets to live a certain lifestyle indefinitely without having to work or be employed. Whether your income is derived from interest […]
We’ve all heard stories of guys who, after busting their hump for 40 years, kick the bucket at their retirement party or shortly thereafter. These stories scare the crap out of me and make me wonder […]
We’ve all heard the stories of lotto winners who win millions, think they’re set for life, and then go broke within a decade. Or people who inherit large sums of money and end up in financial […]
It’s not a very happy thought, but have you ever considered what you want to happen to your assets after death? What about the guardianship of your children in case both parents die together? If something […]
In this article, I’ll break down the three components of saving, investing, and borrowing to accomplish your financial goals. Out of all the steps in Moolanomy’s Financial Success Plan, this step is without a doubt the […]
There are two rules often cited by investors that sound similar but that in fact make very different claims. In this article, I’ll describe the differences between the two rules — the Multiply-by-25 Rule and the […]
Most people think about financial freedom, or retirement, as a point in time when they can fully cover their living expenses with some sort of passive income. This usually involves saving a significant amount of money […]
Recent economic mess and stock market decline left many people wondering if they’ll have enough money for their retirement. Many will just have to adopt a more frugal lifestyle, but some people are lucky enough to […]
Impulse buying can be the end to all financial plans. Accounts are most likely overdrawn by the end of the month or purchase decisions are regretted. This is the reason for a sinking fund for all […]
Defining a good goal is hard enough in itself, but people still fail even with well thought out SMART goals. Why? The answer is simple: they fail to turn these goals into actions. Generally, a goal […]