Where to Park Your Rainy Day Savings for Growth Without Much Risk

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We all know that part of a good, healthy financial well-being is to have a decent sized chunk of money set aside in your emergency fund or rainy day savings fund as some people call it. Some advisers tell us it can start off with as little as $1,000 (I believe that one is a Dave Ramsey thing).  More commonly I see suggestions to have as much as 3 months, 6 months, even 12 months worth of living expenses set aside in easily accessible bank account. Fortunately for my wife and I we have done a pretty good job of building up our rainy day fund over the years to as much as $20,000!  That’s a … [Read more...]

14 Reasons Why Writing an eBook Will Be My Next Make-Money Project

make money writing ebooks

It’s time to let the cat out of the bag!  For a while now I’ve been hinting that my next big extra income project will be to officially release an eBook. This is something I’ve wanted to do for a very long time.  Quite frankly I’m way overdue and should have tried it a long time ago.  As a matter of fact making money writing eBooks was on the table as one of my next projects as far back as this post in 2013.  Better late than never though, right? If you remember, I actually did experiment with writing a whole eBook back over the summer.  But I got cold feet about taking the next steps … [Read more...]

My Cancer Update – 8 Weeks Later

my cancer update

I wanted to give everyone a quick update on my health and how things are going. In case you didn’t know, I found out in January that I have cancer – specifically Type II Hodgkin's Lymphoma. As you can probably guess that came as a HUGE shock to me to because I’m an otherwise pretty young, healthy guy. However, as I’ve learned, cancer doesn’t discriminate its victims.   And so now this is just simply something I have to deal with and put behind me without hesitation. Since when I first broke the news to you my dear readers, I’ve received my official regimen of treatments: No … [Read more...]

3 Painless Ways to Build Your Emergency Money Fund

emergency money fund

The other day I was having a conversation with a few of my coworkers about how long we'd be "okay" financially if we were to lose our jobs.  (None of us were in any sort of trouble, it was just one of those conversations.)  Much to my surprise most of them said they didn't think they'd last more than a month. A month?  Perhaps I'm brain-washed from living in this money-blog community of mine, but doesn't everyone know by now that you're supposed to have 3 to 6 months worth of emergency money stashed up at all times?  Disaster could strike at any time whether you're ready for it or not!  And … [Read more...]

Ask MMD: Should I Do a Rollover, Pension Lump Sum or Annuity?

Pension Lump Sum or Annuity

How do you know you’re a true financial geek?  The answer: You get excited when one of your friends asks you a money question because it means crunching some numbers with Excel! Okay … maybe not to that extreme, but that’s pretty much how I felt recently for a friend who had a question about whether or not to cash out his pension with an old employer.  Here was his email: So I attended a webinar today about the buyout (with my old employer).  Attached is a snip of the five options they gave us and what the amounts would be. Rollover to an IRA or another employer’s plan = … [Read more...]

Niche Website Income Report 27 – $1,281 for February 2015

niche site make money ideas

Hello and thank you for checking out my latest Niche Website Income Report and Update for 2015. Every month I like to review what’s going on with my online business and put it all in print for you to see.  Not only does this help you out, but it also keeps me accountable and in tune with what works / what doesn’t. Whether you’re a blogger or not, I really do hope that when you read through this post that you see how it is in fact POSSIBLE to earn a decent amount of money on the side.  Whether you want to call it passive income or not is up to you.  I’m just very pleased to even be … [Read more...]

We Saved Over $1,000 in Taxes This Year By Contributing to Our Vanguard SEP IRA

Vanguard SEP IRA

One of the coolest things I discovered last year in terms of retirement planning was that I have the option to contribute to yet another tax-deferred savings plan – the SEP IRA. What’s even better is that not only was this contribution above and beyond everything I was already saving with my 401k and Roth IRA, but it also accomplished one VERY important task – saving me a boat load of money in the amount of taxes we owed for year on our Federal return. This year the story is even better!  With all the money my online business made, I’m going to end up contributing close to $4,000 this … [Read more...]

Unlock Your Financial Philosophy Cheat Codes

financial philosophy

Remember video game cheat codes?  My son got a cheat code book from his cousin a few months back and he’s finding out just how awesome they are. Take your favorite video game or the hardest video game and the cheat code book gave you power you never thought you could have.  Unlimited lives.  More firepower.  Skipping ahead several levels to defeat the last big boss.  Honestly it made winning the game so much easier, and it was awesome! As I got older, I noticed something about cheat codes – there were more of them then just I knew about video games!  Clearly all around me there were all … [Read more...]