Types of Investment Funds – Open-End and Closed-End Funds

Investment Funds

The following post is a contribution from Gary, a personal finance blogger who focuses on investing, saving, real estate, credit and debt, career and education advice, budgeting, and insurance at Gajizmo.com. Gary has worked at an internet company on their M&A team, as well as two private equity firms, and has a Real Estate Broker’s License. Investment funds allow small and large investors to pool capital together and enjoy higher investment returns with lower risks than private brokerage accounts. Mutual funds offer many benefits, such as easy diversification of securities, … [Read more...]

Niche Website Project Part 2 – The Unveiling

Red Stage Curtain by Master isolated images

Thank you for being patient with me and returning this week to see the unveiling of my niche site. If you’re just now joining me, then you should know that last week I talked about how I was finally going to get to work on the next of my extra income ideas, and that idea was to create a niche website (a smaller and more concentrated website that is built around a very specific keyword). If you follow the blog carnivals, then chances are you may have come across it already. But in case you haven’t, without any further ado, here is a snapshot of my niche site project: … [Read more...]

My Income Taxes are Done – Plus Blog Updates

income taxes

How good does it feel to finally say you’re done with your income taxes and they are turned in? I’ll be honest: I wasn’t looking forward to it this year. We had a lot of activity in the MMD household last year: Selling stocks, earning dividends, and the biggest one – having blog income to report. I thought for sure I was going to have to finally pay to have someone else figure all this out for me and prepare my taxes. … [Read more...]

The Roth IRA Basics and What You Need to Know to Get Started Today!

Roth IRA Basics, Traditional IRA

Allow me to be your Dad for a minute and tell you that if you haven’t setup a Roth IRA yet, then what are you doing?! Seriously, if you’re trying to figure out what to do differently with your money this year, how about putting in something that will grow tax free! Whether you know much about investing or money, read on as I explain all the essential Roth IRA basics and what you need to know to make the most of them.   … [Read more...]

Starting the Next of My Extra Income Ideas – Building a Niche Website

Extra Income Ideas

With P2P investing off the table as one of my extra income ideas, I got right back on the horse and turned my attention towards a new type of side project: Building a niche website. For those of you who are not familiar with what a niche site is, it’s generally a smaller type of website that focuses on a very specific topic. If its full of good content, then they can be of great value to readers who are interested in that subject. Chances are that you’ve probably typed a very detailed search term into Google and one of the first results that you’ve clicked on was a niche site that someone … [Read more...]

Love Day Dinner – Plus Blog Updates

CIMG8035

I hope everyone had a fun Valentine ’s Day. Anytime a holiday happens during the week (like Halloween), I feel it really takes something out of it when you have to go work / school. Regardless, we still had our annual “Love Day” dinner (as the kids call it) of spaghetti, meat sauce, and bread. Mrs MMD did outstanding as always and it was all very delicious. Now that it has came and went we can look forward to March coming around the corner and with it the first signs of somewhat warmer weather.   … [Read more...]

My Best Online Discount Experience and a $500 Giveaway!

Online Discount

The Internet has undeniable changed many things about our lives. We can find people we havn’t seen in years. Information is available right at our fingertips. Even the post office is going to eliminate one day of delivery because so many people just use email or automatic bill pay. But arguably one of the coolest things about the Internet that has changed my life and yours is the way we shop. Not only are the things I’m looking to buy generally cheaper, you can also find all kinds of online discount promotional codes and deals that help sweeten the deal. … [Read more...]

How to Invest a Million Dollars and Why You’ll Need to Know How Someday

Money Pile $100 Dollar Bills by David Castillo

If you had a really large sum of money, would you know what to do with it? Would you really?? This might seem like one of those “pass the time” type of discussion topics, but I’m afraid that sooner rather than later a great deal of us are going to need to know how to invest a million dollars or so. It will be kind of like handling a bazooka and not really being sure what to do with is. Why do I think this will be happening? … [Read more...]