compound interest | Something On My Mind

the personal finance blog

Apr 4, 20232 min read

PFT #59 - Personal Finance Tip of the Week: Student Loan Forgiveness and Moratorium

The federal student loan moratorium has been extended for the fourth time due to the Coronavirus pandemic and at the same time President...

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PFT #55 - Personal Finance Tip Tracking Realized Capital Gains for the Calendar Year

David Mulonas

Dec 22, 20211 min read

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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PFT #41 -Personal Finance Tip: Reasons not to Buy a Cell Phone

David Mulonas

Sep 22, 20211 min read

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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PFT #39 - Personal Finance Tip: Debt-to-Income Ratio & The Risks of Getting a Loan Approved

David Mulonas

Sep 8, 20211 min read

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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#71 - Robinhood Update: The Lawsuit, Payment for Order Flow & the IPO

David Mulonas

Aug 8, 20214 min read

#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, 20215 min read

#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, 20214 min read

#69 - Couples Unified Budget Review

Should couples have their own bank accounts? Should they have one budget or two?

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#67 - How to Make $1 Million Dollars the Hard Way - Here's a Hint . . . Compound Interest

David Mulonas

Jul 20, 20214 min read

#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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#66 – Peter Thiel’s $5 Billion Dollar Roth IRA – How He Did It and Was It Legal?

David Mulonas

Jul 13, 20215 min read

#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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#65 - The Meme Stock Buyers are Back Trying to Screw the Short Sellers

David Mulonas

Jul 6, 20217 min read

#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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#60A- What is Inflation and How Does it Effect the Economy and the Stock Market?

David Mulonas

May 26, 20216 min read

#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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#60 - Listener Feedback: You Can't Retire on $1 Million Dollars and Have a 45-year Nest Egg

David Mulonas

May 24, 20213 min read

#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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What Are Fractional Shares and Dividend Reinvestment Plans (DRIPs)

David Mulonas

Apr 27, 20212 min read

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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#56 - The Financial Crimes of Bernie Madoff and the Rise of Ponzi Schemes

David Mulonas

Apr 26, 20215 min read

#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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#53 - Millennials and Their Money - We Debunk the Stereotypes and the Myths

David Mulonas

Apr 5, 20219 min read

#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, 20213 min read

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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#49 - I am Leaving My Job. Do I Need to Have an Employer-sponsored plan with my New Employer?

David Mulonas

Mar 7, 20216 min read

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

David Mulonas

Feb 21, 20215 min read

#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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PFT #10 - Personal Finance Tip: How Coffee Slowly Drips Away Your Monthly Budget

David Mulonas

Feb 18, 20212 min read

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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#45 - The 401(k) and the Roth 401(k) Review

David Mulonas

Feb 8, 20218 min read

#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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