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Basic Finance: How to Become Rich

Basic Finance: How to Become Rich 1

Everyone wants to get rich, build wealth, and become a millionaire. The good news is 80% of millionaires are first-generation millionaires — meaning they aren’t trust-fund babies. These are people just like you and me that learned to become rich. If you want to be among the 80% of first-generation millionaires, I offer you this … Read more Basic Finance: How to Become Rich

12 Steps to Financial Freedom and Personal Finance Success

12 Steps to Financial Freedom and Personal Finance Success 8

Welcome to Moolanomy. You’ve just found a roadmap to help you improve your finances and change your life! I have been managing my own finances since I graduated from college in 1995. Through the course of the years, I have done many things right, and I also made plenty of mistakes. I have learned a … Read more 12 Steps to Financial Freedom and Personal Finance Success

Could You Survive on WIC and Food Stamps?

Could You Survive on WIC and Food Stamps? 19

With these tough economic times, many people are turning to food assistance from the government. Programs designed to help you pay for food are available. Yet such programs are not meant to completely pay for many families’ food needs. For the most part, such programs are meant to be supplemental. Depending on your situation, it … Read more Could You Survive on WIC and Food Stamps?

Which of the Five Money Personality Types Are You?

Which of the Five Money Personality Types Are You? 24

I’ve long been familiar with the concept of figuring out whether I’m a spender or a saver. However, it has always seemed to me that few of us fit easily into one of those two categories. As result, I was intrigued by the assertion by Bethany and Scott Palmer (“The Money Couple“) that there are … Read more Which of the Five Money Personality Types Are You?

Your Most Important Financial Decision: Choosing a Spouse

Your Most Important Financial Decision: Choosing a Spouse 31

I disagree with the common assumption that buying a house will be your biggest financial decision. I believe your choice of a marriage partner will be your single biggest financial decision.  Besides, who do you think is going to help you make the house decision? Therefore, make your spouse decision carefully.  The reasons go far, … Read more Your Most Important Financial Decision: Choosing a Spouse

Should Parents Have a Financial Double Standard For Sons and Daughters?

Should Parents Have a Financial Double Standard For Sons and Daughters? 36

I have two daughters and one son. They are all quite young (the oldest is four). At this moment when I look ahead to the future I am have the exact same financial plan for each of them. Currently, we financially treat them all the same. We save the same amount for college, buy the … Read more Should Parents Have a Financial Double Standard For Sons and Daughters?