When it comes to budgeting, there are two main camps on this matter — either you swear by it, or you believe budgeting doesn’t work. For example, Nickel coined the term reverse budgeting and pretty much said he saves as aggressively as he could and let the chips fall where they may. On the other … Read more
Financial Freedom and Personal Finance Success by Moolanomy.comMoolanomy 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.
Recently, I wrote about lending money on Prosper, which is one of the many peer-to-peer lending networks that are popping up everywhere. The post itself didn’t say anything about socially responsible investing (also known as, SRI, morally responsible investing or ethical investing). However, a lively discussion on this topic came up when Kevin stated his … Read more
On Monday night, I stumbled upon the Dave Ramsey Prime Time on Fox Business Network Show and stopped channel surfing to watch it. I heard about Dave Ramsey through my friends — many of whom greatly admire him (e.g., Ana, Randall, Lynnae, Gibble, and Mrs. Micah). Personally, I like how he helps thousands of people get … Read more
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.
As his readers most likely know, Pinyo and his wife are expecting a baby. In fact, why you’re seeing this post I wrote for Pinyo is most likely because they’ve had the baby and are off in the hospital or at home enjoying their new little bundle of joy. Having had two babies of my … Read more
In “Using Pareto Principle to Improve Personal Finance” post, I demonstrated how we could use the Pareto principal to focus our limited resources on the things that will give us the most benefits. Raymond from Money Blue Book commented: Interesting concept — so is it suggesting that I would be better of not trying to … Read more
“I just saved a bunch of money on my car insurance by switching to GEICO.” I am sure you heard that famous line before. In this post, I will share my story about how I saved $1,145 per year, or 30% off my original insurance bills — and it wasn’t with GEICO. It all started … Read more
It always pains me to see good people stuck in jobs that are obviously well under their capabilities. On the opposite end, how some people ended up with their great jobs occasionally surprise me. This made me think about my own career, and wondered if luck has anything to do with getting a good job? … Read more
My 401((k) asset allocation is too aggressive. I have been reading a few books (e.g., The Intelligent Investor by Benjamin Graham and Wise Investing Made Simple by Larry E. Swedroe), as well as a few investing sites. I am now at a point where I think 100% equity asset allocation for my 401(k) is too … Read more
When I mentioned that I failed to get into a medical school, Jonathan of My Money Blog said, “The main thing is that if you go into medicine for the money, you’ll be much less likely to succeed and the money won’t be worth it.” I fully agree with his comment and it reminds me … Read more