I Had No Idea Pawnshops and Payday Lenders Were So Freaking Expensive

pawnshops and payday loans

The major loan types of loans are car loans, mortgages, student loans, credit card loans, cash advances, and loans from pawnshops and payday lenders. Each category has a different average interest rate charged each year for borrowing money, but one of those stands out as the most absurdly expensive, poverty trap creating weapon of mass financial destruction.

Loans used to buy physical assets like cars or houses typically carry lower interest rates. Next is student loans because of federal government involvement. After that comes credit cards and cash advances. Then way up in the stratosphere is the ridiculous expense of pawnshops and payday lenders. You should avoid using them at all costs. Continue reading “I Had No Idea Pawnshops and Payday Lenders Were So Freaking Expensive”

Why and How I’m Quitting My Obamacare Plan

quitting my obamacare planYou’re never supposed to talk about politics. It’s bad business and it makes people mad at you. It’s hard to come across as neutral when discussing an issue like the Affordable Care Act. Even using the word “Obamacare” sounds like a pejorative to some. I’ll use the term since Pres. Obama said he’s cool with it, and that’s how most people know it. I’m also going to be really personal with you and tell you my own experience and how I came to my decision on quitting my Obamacare plan. Take this with a grain of salt, because I’m sure there are dozens of different opinions on this. Still for folks dealing with the ridiculousness of sky high premiums for horrible health insurance like myself, this article might be really helpful to you.

I’ve recently decided to take a risk with my healthcare because I just can’t stomach paying for something that’s essentially worthless. I’m speaking about my Bronze Affordable Healthcare Act healthcare plan. In honor of the failed Republican AHCA plan that also would’ve created a lot of problems, I’m turning myself into an open book for this blog post to explain why I’m quitting my Obamacare plan and what I’m replacing it with. Continue reading “Why and How I’m Quitting My Obamacare Plan”

The St. Louis MLS Stadium Is a Bad Investment

st. louis mls stadium
Here’s what welfare for millionaires looks like. Thanks to source

I just got a political ad in the mail. It showed off the storied soccer tradition of the great city of St. Louis. It told me that we needed to aspire to be more, and that we could be the city of the future if we only went to the polls this next Tuesday to say yes that we want to be a progressive city with world class professional sports. It all sounds great, except when you realize that a group of multimillionaires are trying to bilk taxpayers out of tens of millions of dollars for their own personal gain. This is true of public stadiums in general. Here’s why the MLS stadium proposal is a rotten deal for St. Louis, and why I’m making sure I go to the polls Tuesday to oppose it. Continue reading “The St. Louis MLS Stadium Is a Bad Investment”

Remember the McMansion? Now We Need to Resist the McLoft


Millennials seem to put off everything. Maybe we’re just waiting around to start our families and move to the suburbs with the white picket fence like everybody else. But maybe not. I’ve seen a surge of friends and acquaintances creating a new housing obsession that’s taking away big bucks that could be going to making us financially independent. These dollars are getting shoveled into the McLoft. Continue reading “Remember the McMansion? Now We Need to Resist the McLoft”

The Economy is Starting to Worry Me

economy worries me
I’m worried there’s a fog shrouding the US economy

After the past several weeks, the economy worries me quite a lot. I read a story recently that auto loans have hit a new high, especially among subprime borrowers. We’re at $1.1 trillion in auto debt and counting. My student loan business also gives me a first hand look at the mounting but slow boiling student debt crisis. I believe we’re currently at $1.5 trillion in student debt in this country. To top it off, Snapchat just put out an IPO at a $24 billion valuation, and that seems like it’s too low since the price went from $17 a share to $24 a share in initial trading. Call me negative nancy, but the economy doesn’t feel good to me right now.  Continue reading “The Economy is Starting to Worry Me”

My Dream Wedding

dream wedding
Wouldn’t life just be simpler if we all got married on makeshift boats on the bayou? Source

I don’t think I’ve made it super public on the blog yet, but I’m engaged! I hope to still be engaged by the end of the article as well haha. We’re very excited, and I’ve mentally moved on from proposal planning to wedding planning. I’m learning more about decorations, venues, catering charges, and set up and tear down rules than I’ve ever cared to imagine. For that reason, I wanted to make one futile act of resistance against the wedding industrial complex fueled with the gasoline of Pinterest. Here’s my dream wedding. If you think I’m nuts or can one up my dreams with how you handled yours, let us know in the comments. Continue reading “My Dream Wedding”

Here’s Why the NFL Sucks, and It Has Nothing to Do with Tom Brady

nfl sucks
What the Rams stadium in St Louis looks like now courtesy of St Louis Post Dispatch. But it’s an asset! The taxpayers own it! It was a great investment!

This story has nothing to do with Tom Brady winning his fifth Super Bowl. I thought about boycotting the whole thing yesterday. I’ve been rooting for the NFL to fall now for several years ever since the NFL became so blatantly obvious that their sole goal is to suck every last dollar from cities, players, and fans. From rotten stadium deals that burden cities, to long term neurological damage that should make us guilty for watching, to a culture that supports winning over any cost or character flaw, I’ve made it a goal to become a casual fan at best and divert my rooting interests to other sports. Here’s why. Continue reading “Here’s Why the NFL Sucks, and It Has Nothing to Do with Tom Brady”

Walmart to Drastically Increase Prices. Thanks Trump

thanks trumpI’m really concerned about a key part of my budget as a non corporately employed individual: all of it. Trump has been throwing a hissy fit on Twitter lately with the President of Mexico. Maybe you’ve seen it. If you’re a supporter of Trump’s trade and immigration proposals, you should know that it could very well result in soaring prices for consumers. Continue reading “Walmart to Drastically Increase Prices. Thanks Trump”

What I Learned From Spending $5000 on Facebook Ads

spending $5000 on facebook adsMy business Student Loan Planner has become my full time job. Millennial Moola is my fun side hustle where I get to share random thoughts about personal finance, entrepreneurship, money, and life with a community of friends and cool people. Since I launched my startup, my spending has soared along with my revenue. In the last few months, I’ve been spending $5,000 on Facebook ads.

Things were going great, and then Trump won the election and fake news on Facebook took a big part of the blame. All of a sudden, I got caught in the cross-hairs of an extremely harsh new algorithm from Facebook. Thankfully, my business survived it, but only because of my persistence fighting their automated system. I’m the poster child for why the crackdown on fake news has had a hugely negative effect for small business people like me. Continue reading “What I Learned From Spending $5000 on Facebook Ads”

Mastering Money in Your 20s and 30s IS HERE!

After over a year of work, I’ve finally finished my second book, Mastering Money in Your 20s and 30s. Shortly after publishing my first work, 25 IS THE NEW 65, I realized I needed to work on something foundational for when friends have questions about money. There is a real dearth of books out there that address personal finance for twenty and thirty somethings while incorporating the present reality of the tech revolution.  Continue reading “Mastering Money in Your 20s and 30s IS HERE!”