PFT #55 - Personal Finance Tip Tracking Realized Capital Gains for the Calendar Year
As each year ends investors balance losses against gains to minimize taxes that are paid to the IRS each year.
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David Mulonas
- Sep 22, 2021
- 1 min
PFT #41 -Personal Finance Tip: Reasons not to Buy a Cell Phone
Here is one simple thing that you can do to save money on your cell phone… don’t upgrade it.
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David Mulonas
- Sep 8, 2021
- 1 min
PFT #39 - Personal Finance Tip: Debt-to-Income Ratio & The Risks of Getting a Loan Approved
DTI measures the amount of debt correlated to your overall income. This helps to determine if you can get a loan approval
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David Mulonas
- Aug 8, 2021
- 4 min
#71 - Robinhood Update: The Lawsuit, Payment for Order Flow & the IPO
Update on the IPO, the Lawsuit and Payment for Flow (PFOF) and how it works.
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David Mulonas
- Aug 7, 2021
- 5 min
#68 - The Midyear Financial Review
The midyear check up is to validate if goals are being met or there is a need to adjust them
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David Mulonas
- Jul 26, 2021
- 4 min
#69 - Couples Unified Budget Review
Should couples have their own bank accounts? Should they have one budget or two?
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David Mulonas
- Jul 20, 2021
- 4 min
#67 - How to Make $1 Million Dollars the Hard Way - Here's a Hint . . . Compound Interest
Making a $1 million dollars is not as hard as you think; it just takes time.
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David Mulonas
- Jul 13, 2021
- 5 min
#66 – Peter Thiel’s $5 Billion Dollar Roth IRA – How He Did It and Was It Legal?
The practice known as stuffing allowed Peter Thiel to build a behemoth tax-free nest egg.
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David Mulonas
- Jul 6, 2021
- 7 min
#65 - The Meme Stock Buyers are Back Trying to Screw the Short Sellers
What is short selling? When an investor borrows a security and sells it on the open market, planning to buy it back later for less money.
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David Mulonas
- May 26, 2021
- 6 min
#60A- What is Inflation and How Does it Effect the Economy and the Stock Market?
Inflation is on the rise in many financial sectors of the economy. What causes it and what is the best way to invest when prices increase?
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David Mulonas
- May 24, 2021
- 3 min
#60 - Listener Feedback: You Can't Retire on $1 Million Dollars and Have a 45-year Nest Egg
How much money do you need to to retire early and comfortably for a long period of time?
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David Mulonas
- Apr 27, 2021
- 2 min
What Are Fractional Shares and Dividend Reinvestment Plans (DRIPs)
A fractional share is when there is less than a full share of stock owned. This happens with dividend reinvestments and stock splits.
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David Mulonas
- Apr 26, 2021
- 5 min
#56 - The Financial Crimes of Bernie Madoff and the Rise of Ponzi Schemes
Bernie Madoff was an American financial businessman who was responsible for the largest Ponzi scheme in history of $17.5 billion dollars.
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David Mulonas
- Apr 5, 2021
- 9 min
#53 - Millennials and Their Money - We Debunk the Stereotypes and the Myths
We are going to talk about millennials, stereotypes and money. There are many myths and we'll discuss what the truth really is.
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David Mulonas
- Mar 29, 2021
- 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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David Mulonas
- Mar 7, 2021
- 6 min
#49 - I am Leaving My Job. Do I Need to Have an Employer-sponsored plan with my New Employer?
Social Security’s goal is to provide 40% replacement income and the individual’s goal is to reach 80% replacement income in retirement.
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David Mulonas
- Feb 21, 2021
- 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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David Mulonas
- Feb 18, 2021
- 2 min
PFT #10 - Personal Finance Tip: How Coffee Slowly Drips Away Your Monthly Budget
Just Imagine if you are a family of four that drinks coffee everyday; the amount of money that can be saved is staggering.
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David Mulonas
- Feb 8, 2021
- 8 min
#45 - The 401(k) and the Roth 401(k) Review
The max contribution for the 401(k) and the Roth 401(k) is $19,500 yealry. If you're over 50, you can add $6,500 in catch up contributions.
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David Mulonas
- Jan 29, 2021
- 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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