Millionaire Next Door

Benjamin Franklin popularized the expression: “A penny saved is a penny earned.” However, Ben got this one wrong because a penny saved is much better than a penny earned! This is one reason why being frugal is such an important aspect of wealth building. Of course, frugality on steroid is even better — i.e., save [...]

In “Determine Your Retirement Needs In 3 Easy Steps,” I demonstrated a way to estimate retirement savings need. When I discussed this with my wife, she asked, “what if we don’t save enough?” After giving it some thought, here are some ideas on how to retire with less money.

Adjust your lifestyle now — If you [...]

When I started Moolanomy last July, I didn’t expect this level of success. I could fool myself and say that it’s due to my amazing intellect and superior command of the English language — but that wouldn’t be true. Actually, I am quite glad that so many of you stick around to read what I [...]

Before I begin, I’d like to say that this is a special edition of the net worth review, because following my review, I will be sharing what my friends are all saying about their net worth or the subject of net worth.
Net Worth Review
December was another weak month for the stock market, and the S&P [...]

I found this great list on Wonders of the World so this week carnival will be based on wondrous things in the world. There are a lot of submissions this weekend but I did manage to read through them all, and could certify their high quality. I list these in the order in which they [...]

Last week Glblguy wrote about a Guideline Budget and Lynnae’s husband lost his job (sorry about that). After I read the two posts, I realized that a good budgeting plan could be a great blueprint for an emergency plan as well. It’s one thing to have 3 months worth of expenses saved as emergency fund, [...]

Welcome to the 107th Carnival of Debt Reduction. It is a great honor to be your host for this fine Carnival. Without further ado, let us take a tour of New York City.

The Statue of Liberty
…stands at Liberty Island, New York in New York Harbor…presented to the United States by France in 1886…made of sheeting [...]

I wrote about saving money for college in my posts: “My kid’s college costs will be $467,000! Are you kidding me?” and later in “Saving $250,000 for my son’s college education” with dollar amount adjusted down to a more realistic level. This weekly roundup, I searched my Google Reader and beyond for other posts and [...]

I would like to think that I started the movement with Top 10 money wasters, are you guilty?, but I doubt it. So, here are other posts about money wasters, money leaks, unnecessary expenses, or whatever you want to call it.

Gather Little By Little, 7 Things I’ve Given Up to Prune My Expenses
Money, Matter, and [...]

Here are 6 cool financial math tricks and rules that I know about. These are pretty common, so you may know them already. Take a look. Do you know any of these?
1. Rule of 72 To Double Your Money
The rule says that to find the number of years required to double your investment, you just [...]