My 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”
Sorry for not posting in a while. I’ve been really busy working on my random and unexpectedly successful startup Student Loan Planner, LLC. While I fully planned on being retired for the foreseeable future when I started Millennial Moola, I discovered something most folks do when they hit their mid-70s: retirement can be boring. I guess I’m not actually retired anymore. Continue reading “So I’m Not Actually Retired Anymore”
(I occassionally agree to host guest posts from other bloggers and entrepreneurs in the personal finance space. I met Josh Mettle from my student loan business and discovered his awesome podcast Physician Financial Success. Josh recently interviewed me for the show and I got to speak about early retirement, taking risks, student loan strategies, and more. Josh’s firm helps doctors qualify for alternative mortgage products to buy a house. Remember I recommend no more than two times your combined income for a home purchase or 2.5 times if one spouse is the sole breadwinner. After that, there are plenty of ways to buy a home and I learned something reading this. If you’re a physician listen closely, if not I found it interesting a doctor mortgage even existed. Josh and I have no financial relationship)
I’m a complete failure, at least as far as Harvard is concerned. I wanted to go to Harvard ever since I was a kid after watching the movie Legally Blonde. I love learning, and to me being at the world’s best university seemed like the pinnacle achievement in a young lifetime. Fast forward to the present, and I’m a three time Harvard reject. Someday, I will probably need to send them a thank you note because my life would be so different right now if not for this lucky break. Continue reading “I’m Thankful to Be a Three Time Harvard Reject”
The ratings agency Standard & Poor’s recently downgraded the state of New Jersey once again. This downgrade is far more perilous to the municipal bond market than average investors realize. As a former municipal bond trader myself, here’s my take on what the downgrade of New Jersey means for investors and residents of the state. Continue reading “Why the Latest S&P Downgrade of New Jersey is a Big Deal”
We take kickstarter and other crowdfunding sites as facts of life now. However, that didn’t always used to be the case. The birth of crowdfunding was when President Obama passed the JOBS act in 2012. This piece of legislation made it easier for average people to invest in startups through crowdfunding. So now that investing in startups is a real consideration for most people, should you do it? Continue reading “Am I Missing Out on Investing in Startups?”
It occurred to me that this episode I recorded of The Millennial Moola Show will be irrelevant after Tuesday evening. I wanted to break down a detailed account of the candidate’s personal finances, which are among the most corrupt and troublesome of any in our country’s history. Regardless of your politics, I sure wish we had folks running for the highest office in the land that cared more about doing what was right. Even so, both the pro and anti sides of each candidate will find something to like about this episode. Continue reading “The Millennial Moola Show Episode 3: Emergency Election Edition”
Check out this guest post from my business website, Student Loan Planner, on the horrible scams going on in the student loan industry.
I found the picture above by searching “student loan advisor” on craigslist job boards. The firm that listed the post was hiring “CLOSERS ONLY.” There are so many dishonest businesses out there in this industry, I’m going to teach you how to spot a student loan scam. Unfortunately, the scum of the earth have moved out of the no income no job no assets mortgage business into the student loan consolidation business. If you’ve ever seen “Obama Student Loan Forgiveness” or “Secret Government Student Loan Program,” you’ve witnessed these scammers in action. Here’s how to watch out for them, and how to know that I’m not one of them. Continue reading “This is How to Spot a Student Loan Scam”