life dreams

Just over two years ago, I started a personal finance blog called Moolanomy. Over the years, I poured my heart and soul into it, and it became the key to my life dreams. I have many dreams and amongst them: working full-time on web sites and moving my family to Northern Virginia. It so happened [...]

If you’re cashed up from living frugally all these years, now is the time to go on an eBay rampage! Many rich are now forced to sell of their goodies on the cheap because they too need cash flow to fund their expensive lifestyle. eBay happens to be a great portal to buy just about [...]

Retirement is just around the corner.  You think you’ve saved enough; but with the recent market drop, you are just not sure. Your retirement accounts have taken drastic blows and now you’re in doubt if you will ever retire. You decide it’s time to sit down with a Certified Financial PlannerTM to see if you [...]

Kent Irwin, who recently wrote a guest article: Is Suze Orman Right, Can You Be Your Own Financial Planner?, sent me a free license to use his eFinPLAN online financial planning software. In this post, I am going to provide you with my initial experience, and I will follow up with a second post to [...]

In Using Simple Rules to Predict your Retirement Needs, I passively mentioned using 80% rule to calculate retirement needs. You may have heard this rule before; here is a variation of it:

“You need 80% of your pre-retirement income during your retirement.”

A Bit of Reality
Now, that statement is just a rule of thumb and is hardly [...]

This article shares six alternative income ideas, including investing for cash, side business, seasonal income opportunities, rental income, part-time job, and royalties/patents income.

In my post “My first credit card and the fallacies,” I mentioned the term financial imprisonment. It is the opposite of financial independence, and I defined it as the state of having to work for money, living from paycheck to paycheck, and never having enough.

Photo from Wikimedia Commons
So, how can one become financially imprisoned?
From [...]