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Apr 13
2 min

What is an Emergency Fund

When it comes to financial planning one key component is to have an emergency fund. This differs from a rainy-day fund which is for unforeseen expenses that come up through the year. For example, the dishwasher or hot water heater breaks, or you need a gutter repair. The purpose of the emergency fund is to have money saved for expenses in the event you cannot work. Typically, this occurs with a job loss or a health-related issue. Most financial experts agree that having 3-6 m

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David Mulonas

Mar 30
3 min

What Is a Nest Egg?

A nest egg is a sum of money and other assets that are saved or invested for the future that is typiclly tied to retirement planning.

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PFT #15 -Personal Finance Tip: Checking Your Credit Report and the Impact on Your Budget

David Mulonas

Mar 25
2 min

PFT #15 -Personal Finance Tip: Checking Your Credit Report and the Impact on Your Budget

You can also go to annualcreditreport.com and get a free copy of your credit report every 12 months from each credit reporting company.

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#51 - The Netflix Show Marriage or Mortgage: We Provide Finance Tips and How to Manage the Budget

David Mulonas

Mar 22
6 min

#51 - The Netflix Show Marriage or Mortgage: We Provide Finance Tips and How to Manage the Budget

People want the wedding and the house for the future. The wedding is a one-day event that will be in memory for years to come.

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#50 - Relationships, Personal Finance and Divorce. When is the Right Time to Discuss the Budget?

David Mulonas

Mar 16
8 min

#50 - Relationships, Personal Finance and Divorce. When is the Right Time to Discuss the Budget?

Here's one golden rule: Never judge a book by its cover or one's net worth based on the car he or she may drive.

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#48 - No Budget Typically Means no Planned Retirement: You Need a Fixed Budget. We'll Show you How.

David Mulonas

Mar 1
7 min

#48 - No Budget Typically Means no Planned Retirement: You Need a Fixed Budget. We'll Show you How.

According to many different surveys around ⅔ of people do not follow a budget or if they have one, they do not maintain it.

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#47 - The 2020 Tax Review: Why You Don't Want a Tax Return & How The Money Improves the Budget

David Mulonas

Feb 22
5 min

#47 - The 2020 Tax Review: Why You Don't Want a Tax Return & How The Money Improves the Budget

If your standard deduction is less than the total of your itemized deductions, then you should be able to save money.

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#44 - The GameStop Short Sell Where the Little Guy Beat Wall Street at Their Own Game

David Mulonas

Jan 31
10 min

#44 - The GameStop Short Sell Where the Little Guy Beat Wall Street at Their Own Game

Shorting a stock whens shares are borrowed from a broker on margin and have to be be paid back with interest to the broker.

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PFT #7 - Personal Finance Tip: Rule of 72 and Compound Interest a Retirement Nest Egg

David Mulonas

Jan 30
2 min

PFT #7 - Personal Finance Tip: Rule of 72 and Compound Interest a Retirement Nest Egg

In today’s world it is incumbent on you to build your retirement nest egg therefore, you can use the rule of 72 as a base calculation.

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#43 - To Trust or Not to Trust: How to Protect Your Investments and Your Estate

David Mulonas

Jan 25
7 min

#43 - To Trust or Not to Trust: How to Protect Your Investments and Your Estate

Trusts supersede a will when there is discrepancy. Most attorneys recommend that you have a will and a trust for backup protection.

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Podcast #41 - Are You Ready for a Big Move Into the Tiny House Movement?

David Mulonas

Jan 11
10 min

Podcast #41 - Are You Ready for a Big Move Into the Tiny House Movement?

A tiny house is defined as a dwelling unit with a maximum 400 square feet of floor area, excluding lofts.

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Podcast #40 - Establishing Good Credit for Your Children and Some Important Reminders for Adults

David Mulonas

Jan 4
7 min

Podcast #40 - Establishing Good Credit for Your Children and Some Important Reminders for Adults

How do we establish credit for your children? They cannot apply for a credit card legally until age 18; they may may have an authorized user

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Podcast #33 - How Long-Term Sustainable Products Reduce Your Budget While Helping the Environment

David Mulonas

Nov 15, 2020
16 min

Podcast #33 - How Long-Term Sustainable Products Reduce Your Budget While Helping the Environment

You can save money down the road by buying quality products, but the difference here is that you will also help the environment

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Podcast #3 - 401(k) Withdrawals and Loans

David Mulonas

Oct 26, 2020
7 min

Podcast #3 - 401(k) Withdrawals and Loans

When you take a 401(k) withdrawal, you'll face a 10% penalty if you're under the age of 59.5 years of age

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