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...]

What are Mutual Funds and How Do I Invest in Them?

What Are Mutual Funds

What holds you back from investing? Is it stocks? Do they scare you to death? If they do, I really don’t blame you. All the “ifs” in the beginning can be overwhelming! Which ones do I pick? Where will I find the right stock metrics and information to tell me? Why do they keep bouncing around in price?  How long until I have a heart-attack? Would you prefer a way to “stick your toe in the water” and not have to deal with such wild fluctuations? If so, then let me introduce you to the world of mutual funds. “What are mutual funds” you ask? Well, for starters, they are where I … [Read more...]

What To Do With Extra Money In Your Budget – 3 Good Choices

crossroads

At the beginning of every new year, one of the first things I do with our finances is to take a hard look at our budget and see where we can get the most bang for our buck. At first this usually involves doing the normal thing that most people do - taking a look at our bills and seeing where we can shave some expenses.  But there’s something else I like to do with the extra money in our budget that I feel is just as important as cutting corners on expenses.  I like to take a look at where we can best grow it! There are lots of good options for what to do with extra money if you’ve got … [Read more...]

Niche Website Income Report 026 – $1,155 for January 2015

follow the money trail

Hello and welcome to our first official Niche Website Update and Income Report for 2015! Since 2013 I’ve been trying to take my hobby of blogging and really turn it into something of a long-term, stable.  My ultimate goal is for the niche sites I create to generate several streams of positive passive income that will continue to roll in no matter whether I’m working, sleeping, or whatever I’m up to. I consider all the extra income I make to be a huge blessing because its money that I made outside my job and beyond the budget we’ve set for our family.  Plus – it’s a lot of fun to see how … [Read more...]