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Financial Freedom and Personal Finance Success by Moolanomy.com

Moolanomy Personal Finance Blog is home to the 12 Steps Guide to Financial Freedom and Personal Finance Success. We discuss financial concepts in an easy to understand language to help you improve your finances and better your life.

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How to Calculate Your Financial Independence Ratio

How to Calculate Your Financial Independence Ratio 2

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 where you are is a great way to help you move closer toward your goal of financial independence. Like measuring distance or time, knowing … Read moreHow to Calculate Your Financial Independence Ratio

Portfolio Rebalancing Strategies: How and When to Rebalance Your Portfolio

Portfolio Rebalancing Strategies: How and When to Rebalance Your Portfolio 4

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, these pies are different asset classes like equities, fixed income, real estate, commodities, and cash. Within each pie, an investor also decides a … Read morePortfolio Rebalancing Strategies: How and When to Rebalance Your Portfolio

A Guide to Dividend Reinvestment Plan (DRIP)

A Guide to Dividend Reinvestment Plan (DRIP) 8

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 periods of time. Many companies offer their shareholders the ability to convert dividends into additional shares of stock directly without … Read moreA Guide to Dividend Reinvestment Plan (DRIP)

Dividend Investing Basics, Advantages, and Disadvantages

Dividend Investing Basics, Advantages, and Disadvantages 9

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 disadvantages of dividend investing. Dividend investing is a powerful method to grow your wealth while generating regular income. Depending on your financial situation, you … Read moreDividend Investing Basics, Advantages, and Disadvantages

Invest in Peer-to-Peer Lending with Lending Club, Returns and Risks

Invest in Peer-to-Peer Lending with Lending Club, Returns and Risks 12

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 decide if this is the right investment for you. For those looking for quick answers: yes, peer-to-peer lending is a … Read moreInvest in Peer-to-Peer Lending with Lending Club, Returns and Risks

Dave Ramsey’s Baby Steps Review

Dave Ramsey’s Baby Steps Review 17

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 7 Baby Steps to millions via radio, The Total Money Makeover, Financial Peace University, and DaveRamsey.com. But how practical are these steps? I offer a review and … Read moreDave Ramsey’s Baby Steps Review

The 4% Safe Withdrawal Rate Retirement Drawdown Rule

The 4% Safe Withdrawal Rate Retirement Drawdown Rule 18

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, you can withdraw 4% of your total retirement savings initially. Each year, you increase the amount by the inflation rate. Assuming you … Read moreThe 4% Safe Withdrawal Rate Retirement Drawdown Rule