Self-Employed Retirement Plans

Self-Employed Retirement Plans allow self-employed individuals and small-business owners to save for retirement.  

The main self employed retirement plans are:

1. Simplified Employee Pension (SEP IRA),
2. Individual 401(k)—sometimes called a solo 401(k) or a self-employed 401(k).
3. Savings Incentive Match Plan for Employees (SIMPLE IRA) 

These plans can be opened at any online brokerage, I'm using the companies below as an example, so comparisons can be made. They all carry the same products.

• SEP-IRA 
• SEP IRA - Simplified Employee Pension Plan - Fidelity
• Solo 401k - (commonly called an Individual 401k)
• Individual 401(k) Retirement Plan - T. Rowe Price
• SIMPLE IRA
• Simple IRA | Establish Your Retirement Plan | Charles Schwab

A sole proprietor who makes $40,000 can save $8,000 in a SEP-IRA, but over $21,000 in a solo 401(k). The SIMPLE IRA varies and is for the employer and up to 100 employees.

An educational video below on the Solo 401k, again not endorsing the company, just use the information for educational purposes and do your own research.

Please read my disclaimer on my side bar.

The Sub of the Day

UPDATE: I received a $30 Subway Gift Card from a friend! That's about 10 - $3.00 Subs of the day!

Subway almost had me buying their stock today, that's how much I loved their $3.00 Sub of the Day.

But they remain privately owned. It almost bought tears to my eyes.

I Googled and found out that people are searching far a wide for any information on a subway stock. NADA.  I might have to buy a franchise. The initial franchise fee is $15,000.

Steps to Opening a Subways Franchise.

Am I Qualified?

Building Wealth Revealed!

No get rich schemes here.

Being married is actually a very efficient way to be on the path to financial riches and building wealth . With two incomes paying one mortgage or rent, one set of utility bills, sharing food, you both will have more money to save. 

Be daring, Live off one income and save the other income.

Two Income Households- Spend One, Save One

Common sense will tell you, it's a no-brainer,

Tip of the Week: Be A Millionaire

Become a millionaire on an average salary . . .

Save $1,000 monthly at 8% interest for 26 years and you will have $1,000,000.00
Save $2,000 monthly at 8% interest for 19 years and you will have $1,000,000.00
Save $3,000 monthly at 8% interest for 15 years and you will have $1,000,000.00

Note: These numbers reflect investing in a Index Mutual Fund which has averaged 8-11% since the 1920's. Please feel to use the Millionaire Calculator.

How to Keep Your Child From Stealing

When I was a young mother, I never wanted my child to want something so bad, to want to steal it because she didn't have the money. 

She knew that stealing was bad but I didn't want peer pressure to get the best of her young mind. Give your children some pride in knowing that they can buy what they want. 

She liked magazines with her favorite groups on the cover, music CD's, and sunglasses to look cool like Mary J. Blige, so I decided to give her an allowance. I bought her a pink shiny piggy bank for her change and opened a bank account  with her very own bank book. It was old school.

As soon as they start school, give them an allowance at a very young age, every week. The allowance must equal their age plus change.

Age	Allowance	Change
5	$5	5 nickles or 25 cents
6	$6	6 nickles or 30 cents
7	$7	7 nickles or 35 cents
8	$8	8 nickles or 40 cents
9	$9	9 nickles or 45 cents
10	$10	10 nickles or 50 cents
11	$11	11 nickles or 55 cents
12	$12	12 nickles or 60 cents
13	$13	13 nickles or 65 cents

At 14, they should get a youth job or have a business. The internet is great for creating online businesses easily.

Sept 30th Prince: ART OFFICIAL AGE

Money well spent at Amazon.

The Pocket Drone for $549.00 - $599.00

I can see the Pocket Drone being used as a high tech Peeping Tom for the Paparazzi.
This video is hilarious.

Presenters: Chance Roth, Lenny Rachitsky
Website: http://www.airdroids.com 

Should I invest in personal drones?

Internet without the Cable TV for $19.99 per month

1. NetZero Wireless Broadband
2. Earthlink

I HAVE TO RESEARCH AND INVESTIGATE FURTHER!

Stay tuned to this page for updates.

The Frugal Guide to New Orleans

1. Place to Stay - Check out AirBnB or The Lookout Inn
2. Free Ghost Tours - Check out Free Tours By Foot
3. Food - Anything between 2 pieces of bread (PO'BOYS) is under $10. 



Shrimp Po' Boy

4. Food - 3 Beignets for $2.00 anywhere in NOLA, free Cafe au Lait coupon
5. Visit the Jackson Square Church - free, great photo opportunities.
6. People watch on Bourbon Street- free or buy drinks for club hopping all night.
7. Stroll through the French Market or Riverwalk - free or buy souvenirs.
8. Listen to authentic jazz at a free venue called Three Muses - tip the musicians
9. Window shop in the Art Galleries on Royal Street  - free, unless you buy.
10. Buy cheap tickets to the Essence Festival
11. Walk or take the Trolley with Jazzy Pass - Only $9 for 3 days.
12. Die and go to Wino Heaven at Rite-Aid on St. Charles.
13. Visit Backstreet Cultural Museum, in the Treme - small fee
14. 25 cent Martinis at Commanders Palace - lunchtime only
15. Horse and Carriage tour - between $7 -$15 depending on the driver.

The Frugal Family

Every time I post my frugal blog on Facebook, somebody on my Facebook feed always responds, "I'm so glad I have my family instead of money"  or something similar.
. . . EVERY TIME!

Well, here are some tips to have your family AND money, at the same damn time.

1. Start a trust fund for your children. I started one for my child for $50 a month at a mutual fund company. It really adds up and comes in handy when needed.
2. Frugal Friday Dinners - have Friday dinners at home with your family. This saves money, everyone can contribute, and you get to talk to one another.
3. Family vacations - go together and share the hotel bill, it saves money
4. Share clothing - instead of buying something new, LOOK IN YOUR FAMILY CLOSET, pass it down, it saves money.
5. Share the Bills- Live together and share the bills, cable, internet, phone, light and gas, rent/mortgage, it saves money
6. Share books - when your finished reading a book, share it with your family, it saves money.
7. Support your family businesses - someone in every family is a barber, a beautician, a cook, a manicurist, a grocery store owner etc . . . support their business like it was your own, because it is.
8. Start a Family Garden -  Rent a $1 Lot (in every city) or buy plot of land and grow some food for your family members to share or use your back yard.
9. Buy a cheap house together and fix it up together for everyone in the family to live together.
10. Student Loan Payments - make sure that a family members student loans are paid off.

Dividends Basics

Dividends Basics

---

The Best Frugal Lunch Break Ever

10% off a $5.00 foot long and eating it in front of the New York Stock Exchange .

No tourists in sight! :-) Priceless!

Loose Change

Don't be shame, it adds up!

The Sister Millionaire Club

Check her out:

Website: http://www.meetup.com/The-Sister-Millionaire-Club/

The Frugal Millionaire Club

Here is a list of frugal bloggers who are in Budgets Are Sexy  Million Dollar Club.
I'm thinking about joining the Club!

a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli a milli

1. James @ DINK’s Finance [Now a millionaire!!! Breakdown here]
2. Brian @ My Next Buck –> Brian’s millionaire list
3. Brad @ Enemy of Debt –> Brad’s millionaire list
4. Paul @ Fiscal Geek
5. Shawanda @ You Have More Than You Think –> Shawanda’s millionaire list
6. Financial Samurai –> Financial Samurai’s millionaire list
7. Michelle @ Penny and Nickel to Wealth –> Michelle’s millionaire list
8. Megan @ Student Charade –> Megan’s millionaire list
9. LuLu @ How I Save Money –> LuLu’s millionaire list
10. Broke M.B.A. @ The Broke M.B.A –> Broke’s millionaire list
11. Ryan @ Planting Dollars –> Ryan’s millionaire list
12. Roger @ The Amateur Financier –> Roger’s millionaire list
13. The Financial Blogger –> Financial Blogger’s millionaire list
14. Money Wise 24 –> Aleks’ millionaire list
15. BudgetBabe @ Lean with Green –> BudgetBabe’s Millionaire List
16. Sabrina @ Freedom 45 –> Sabrina’s Millionaire List
17. Clayton @ Just Good Financial Advice
18. YoungAndThrifty –> Young And Thrifty’s Millionaire List
19. Jeff Kosola @ Deliver Away Debt –> Jeff’s Millionaire List
20. Money Handler @ Money Handler’s millionaire list
21. Broke by Choice @ If I Were a Wealthy Girl–> Broke by Choice’s millionaire list
22. Money Reasons –> Money Reasons’ millionaire list
23. Jane @ See Jane Get Rich –> Jane’s millionaire list
24. Barbara Bryn Klare @ Upside of Money
25. Benjie @ Zordane –> Benjie’s millionaire list
26. FinEngr @ Engineer Your Finances –> FinEngr’s millionaire list
27. \Matt @ Dividend Monk –> Dividend Monk’s millionaire list
28. Anon Lawyer @ Thoughts of an Anonymous Lawyer –> Anon’s millionaire list [OUR 2nd MILLIONAIRE WHO'S MADE IT! Congrats!!]
29. Utbytte –> Utbytte’s millionaire list
30. Darren @ More Than Finances –> Darren’s millionaire list
31. MFO @ My Financial Objectives –> MFO’s millionaire list
32. Stu @ Pennywise2Pennyworth –> Stu’s millionaire list
33. Ginger @ Frugal Students – Starting a New Life –> Ginger’s millionaire list
34. Will @ Frugal Norwegian –> Will’s millionaire list
35. BigChrisB @ Debt Digger –> Big Chris’ millionaire list [The first one to a million! Congrats!!]
36. Eric @ Post Grad Agenda –> Eric’s millionaire list
37. Jane Sanders @ Debt Management.net –> Jane’s millionaire list
38. Dani @ OK, Dani –> Dani’s millionaire list
39. Nitza @ Nitza’s Pizza –> Nitza’s millionaire list
40. Aspiring Millionaire @ Aspiring Millionaire.com –> Aspiring’s millionaire list
41. Multi-Millionaire Before 30 –> Multi-Millionaire’s list
42. Kelsey Horner @ Zero To One Million Challenge
43. Kody @ Financial Money Tips –> Kody’s millionaire list
44. Steve Ryan @ Smart Wealth
45. Jeff @ My Multiple Streams –> Jeff’s millionaire list
46. T. Thema Martin @ Savionaire
47. Rich Uncle El @ Money Watch 101 –> Rich Uncle El’s millionaire list
48. Long @ Budget For Wealth –> Long’s millionaire list
49. Shondell @ Call Me What You Want, Even Cheap! –> Shondell’s millionaire list
50. Alunda @ My Take on Money –> Alunda’s millionaire list
51. DC @ Young Adult Money –> DC’s millionaire list
52. Mike Collins @ Wealthy Turtle –> Mike’s millionaire list
53. Just Pay It Off –> JustPayItOff’s millionaire list
54. DZ @ Debtzilla –> DZ’s millionaire list
55. Lena @ What Mommy Does –> Lena’s millionaire list
56. Jeremy @ My Financial Road
57. Ma rio @ Debt Blag
58. Free Money Minute –> Free Money Minute’s millionaire list
59. Anton Ivanov @ Dreams Cash True –> Anton’s millionaire list
60. Leona @ All My Dollars and Cents
61. Christine @ ThePursuitofGreen –> Christine’s millionaire list
62. EJ @ Money Making Mummy –> EJ’s millionaire list
63. Kim @ Eyes on The Dollar –> Kim’s millionaire list
64. Mel @ Broke Girl Rich
65. Deacon Hayes @ Well Kept Wallet
66. Graham @ Money Stepper
67. Kirby @ TheSimpleMoneyBlog
68. Bobby @ Making Money Fast and Slow –> Bobby’s millionaire list
69. Lisa E. @ Lisa vs. The Loans –> Lisa’s millionaire list
70. Deacon Hayes @ Well Kept Wallet –> Deacon’s millionaire list
71. Mama Breeze @ Following Life’s Breeze
72. Krista and John @ 2 Copper Coins –> Krista and John’s millionaire list
73. MITM @ Naked Budgeting –> MITM’s millionaire list
74. Mr Ikonz @ Project Ikonz
75. Money Journal @ Zac’s –> Zac’s millionaire list
76. No Nonsense Landlord –> Going for $1 Million in *liquid* net worth!
77. John C. @ Action Economics –> John’s millionaire list
78. F2P @ Free To Pursue –> F2P’s millionaire list
79. Derek @ Derek and Carrie –> Derek’s millionaire list
80. Cody Wheeler @ Academy Success –> Cody’s millionaire list

Tipping

Build a $1,000 Emergency Fund starting with $2.00

(Weeks 1-5) $2/per week
o Week 1 = $2
o Week 2 = $4
o Week 3 = $6
o Week 4 = $8
o Week 5 = $10

(Weeks 6-9) $5/per week
o Week 6 = $15
o Week 7 = $20
o Week 8 = $25
o Week 9 = $30

(Weeks 10-13) $10/per week
o Week 10 = $40
o Week 11 = $50
o Week 12 = $60
o Week 13 = $70

(Weeks 14-18) $15/per week
o Week 14 = $85
o Week 15 = $100
o Week 16 = $115
o Week 17 = $130
o Week 18 = $145

(Weeks 19-22) $20/per week
o Week 19 = $165
o Week 20 = $185
o Week 21 = $205
o Week 22 = $225

(Weeks 23-26) $25/per week
o Week 23 = $250
o Week 24 = $275
o Week 25 = $300
o Week 26 = $325

(Weeks 27-31) $30/per week
o Week 27 = $355
o Week 28 = $385
o Week 29 = $415
o Week 30 = $445
o Week 31 = $475

(Weeks 32-35) $35/per week
o Week 32 = $510
o Week 33 = $545
o Week 34 = $580
o Week 35 = $615

(Weeks 36-39) $40/per week
o Week 36 = $655
o Week 37 = $695
o Week 38 = $735
o Week 39 = $775

(Weeks 40-44) $45/per week
o Week 40 = $820
o Week 41 = $865
o Week 42 = $910
o Week 43 = $955
o Week 44 = $1000

You did it!

Obama Money

Yes, of course I own Obama Money.

They're collectors items.

The Mini Emergency Fund

Most experts agree that people need from 3 - 6 months saved in their Emergency Fund. This certainly is good advice, however, I think folks would find it daunting to save such a large amount. 

According to my Emergency Fund Calculator, my 3-month Emergency Fund has been calculated to be $8,400. With that being fact, my one month Emergency Fund would be $2,800. Even that seems large for some poeple to save, so I'm going to break it down per day, with 30 days being the average, which will be  about $93.33 per day x 7 days.  

I would need a minimum of $653.33 (Approx,$700)  in my mini emergency fund for small emergencies, 1/4 of your monthly amount. I would recommend keeping the 1/4 amount in cash at home and the remainder in a money market account.

Today's lesson is  . . .
Emergency Funds can be broken down into smaller amounts and can  come in different sizes, (mini) small, medium, and large.

Note: Should you keep your Mini Emergency Fund at home in an envelope? NO. 
American Express has a very cheap debit card that can be used for this purpose. 

I Tripled My Money

I slept on Tata Motors
I haven't checked on my Tata Motors stocks in years!
Checked it today, and found out that it increased +152.05%!

What the flipping Phuck?!

I bought a few shares for $18.75 like 5 years ago and forgot about it. Today, I decided that I wanted to consolidate all of my accounts and discovered that this little car company stock is now $47.26! it TRIPLED! OKAY DOUBLED 2.5 TIMES!

My friends all laughed when I talked about investing in the car that was being marketed for under $2,500. Who the phuck is laughing now?

$100 a Year for doing NOTHING!

A hundred dollars a year for doing nothing? I'll take it!

General Electric Co. (NYSE: GE) has been part of my portfolio since forever, why?

1. Because everyone has a light bulb and 
2. Because GE really makes me feel like I'm part owner of a Fortune 500 company, I like that feeling. 

Every year without fail, they send me the Annual Report (the book on how my company is doing) and I get my $100 dividend check. 

I actually started buying GE one share at a time, at $25 a pop. Any online brokerage website would be happy to start your investment account with only $25.00. My ownership has grown to 120 shares, which yields me about $100 every year. Not bad.

Put Your Money To Work By Investing For The Long Term

Enjoy the video.

Lebron James: Billionaire

Basketball's future Billionaire, according to Motley's Fool



Checkout his portfolio:

let's hope for the best.

Southwest Stock of the Day

Unbelievably, Southwest Airlines made Stock of the Day over at Barchart, I can't believe it! Southwest is the dearly beloved favorite airline of Essence Music Festival goer's who affectionately call the company Soul Plane. The best things we love about Southwest:

1. Luggage fly free
2. You get one free alcoholic drink
3. It's a cheap round-trip flight from anywhere to New Orleans.
4. The $50 Southwest Giftcard at Amazon, let's you pay little by little for your flight

Now I find out that it's a good stock buy at $33.87. Wow! That's even better! 

Here are the technical and fundamental facts:
Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 18.01% in the last month
• Relative Strength Index 80.02%
• Barchart computes a technical support level at 32.99
• Recently traded at 33.87 with a 50 day moving average of 29.80

Fundamental factors:

• Market Cap $23.43 billion
• P/E 21.69
• Dividend yield .71%
• Revenue expected to grow 4.70% this year and another 5.60% next year
• Earnings estimated to increase 59.80% this year, an additional 17.90% next year and continue to increase at annual rate of 31.80% for the next 5 years
• Wall Street analysts issued 6 strong buy, 5 buy, 5 hold and 2 under perform recommendation on the stock

I love flying Southwest!

The Bull: A Haiku

When I'm having a good day

I love having lunch by the bull

on a good day

It makes everything taste better!

every good day

I WANNA BE RICH!

Tip of the Week

Never count other peoples money.

Count your own

Tithing: Making a Spiritual Connection With Your Money

The more you give, the more you will receive.

Giving 10% of your money to charity (my personal preference) or a religious organization is a blessing that people do not partake of;  and the blessing is there to take whenever you make  a spiritual connection with your money to help someone.  If you are wondering why you are still poor or broke, then you need to give the spiritual laws that govern prosperity a chance. We would be so much more blessed,  if we chose to use our money to make a spiritual connection to the abundance of the Universe.

Only an estimated 5% of Americans actually tithe. 

Do you need to be rich to give 10% of your earnings? NO, 10% of any amount is still good.  John D Rockefeller,  said, “I never would have been able to tithe the first million dollars I ever made if I had not tithed my first salary, which was $1.50 per week.”

Try it once and see what happens. 
You will be counting your blessings and your money, at the same time

The “F” word.

Frugal

fru·gal

ˈfro͞ogəl/

adjective

1. sparing or economical with regard to money

When you tell people, "our" people that you are  frugal, they automatically think that you're cheap. When you tell them that it means that you watch your money,  it is misconstrued as 1. being broke or  2. a coupon collector. If you say that you're on a budget, they act like they can't understand the word. Why are you on a budget they ask? 

One of the richest men in the world, Warren Buffet, still lives in the same house he bought in 1958 for $38,000. I wouldn't say that he's cheap, I would call him frugal,  an amazing business investor, and one who sticks to a budget. 

Something to remember when you are confused:

• Cheap people care about the cost of something.
• Frugal people care about the value of something.

More money please.

My Portfolio

My portfolio consists of the most successful global businesses in the world! 

Tip of the Week: This Is Why You're Broke

22 Carat Gold Toilet Paper - 1 Roll for $1,376,900.00

Please wait 30 Days before you make ridiculous purchases. After 30 days if you still want it, by all means buy it.