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Who are Fannie Mae and Freddie Mac?
Fannie Mae and Freddie Mac are government sponsored enterprises (GSEs). They buy mortgages from lenders to free up capital for borrowers.
David Mulonas
May 12, 20212 min read
13 views
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#59 - Why the FIRE Movement Should Be Called FISH: Financial Independence Side Hustle
Change Financial Independence Retire Early to Financial Independence Side Hustle (FISH). Most people cannot retire without having a job.
David Mulonas
May 10, 20215 min read
35 views
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PFT #21: Personal Finance Tip: Shave Your Budget Down With the Razorpit Blade Cleaner
The Razorpit blade cleaner extends the life of razor blades by 6-15 times and it will save you money for years to come.
David Mulonas
May 7, 20212 min read
23 views
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#57 Life After College: I Need Job. I Need a Budget. Where Do I live? Help!
We are parents of kids that are now out of undergrad and facing real life. The kids need to find jobs, budget and figure out their lives.
David Mulonas
May 3, 20216 min read
44 views
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PFT #20 - Personal Finance Tip: When is the Right Time to Buy a House?
Low interest rates, lack of labor and supply are the right ingredients for an unprecedented housing market; perhaps a housing bubble.
David Mulonas
Apr 29, 20212 min read
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#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.
David Mulonas
Apr 26, 20215 min read
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PFT #19 - Personal Finance Tip: How to Save on Your Gardening Budget
A great way to save money on flowers is to buy flats of flowers and make your own hanging baskets. This can save 50% on cost.
David Mulonas
Apr 22, 20212 min read
29 views
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Should You Make Biweekly Mortgage Payments?
Many mortgage companies have a biweekly payment plan to make 13 payments each year. This can you save thousands of dollars interest.
David Mulonas
Apr 16, 20212 min read
21 views
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PFT #18 - Creating Disposable Income in the Budget When You Buy a New Product
Successful personal finance managers have discipline and put in the work to buy quality productand create disposable income.
David Mulonas
Apr 14, 20212 min read
14 views
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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...
David Mulonas
Apr 13, 20212 min read
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PFT #17 - How Receipt Tracking Can Help the Budget and Save the Environment
What is good advice when managing store receipts from retailers? Some policies will give full credit, while others provide a store credit.
David Mulonas
Apr 8, 20212 min read
26 views
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#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.
David Mulonas
Apr 5, 20219 min read
24 views
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PFT #16 - Personal Finance Tip: Increase Savings in the Grocery Budget by Watching Unit Pricing
Saving money on familair products with a quality mindset is a winning formula to create disposable income to control debt and build savings.
David Mulonas
Mar 31, 20212 min read
16 views
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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.
David Mulonas
Mar 29, 20213 min read
37 views
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#52 - The Best Way to Manage Your Stimulus Check and the Future Impact on the Budget
Let’s take a scenario and say a family of four is making under $160,000 AGI. This means that $5,600 ($1,400 per person) will be sent out.
David Mulonas
Mar 28, 20217 min read
36 views
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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.
David Mulonas
Mar 24, 20212 min read
29 views
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#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.
David Mulonas
Mar 22, 20216 min read
114 views
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PFT #14 - Reconiling the Budget When Removing Products and Services
The lesson learned here is to complete the budget tasks on a monthly basis otherwise you may be paying for things that you are unaware of.
David Mulonas
Mar 17, 20212 min read
22 views
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#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.
David Mulonas
Mar 15, 20218 min read
30 views
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#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.
David Mulonas
Mar 7, 20216 min read
43 views
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