Aug
17
Importance of 401k / SEP-IRA Money Market Accounts
August 17, 2009 | Comments Off
Last Monday I made a transfer to my SEP-IRA Money Market account. My heart told me to put the money on the SP 500 Index Fund, however my brain told me to put it on the Money Market Account. It wasn’t out of safety concerns, as I believe the SP 500 will continue [...]
Aug
3
Starting Up : Define Ramen Noodles : Ramen Profitable
August 3, 2009 | 1 Comment
Paul Graham coined the term Ramen Profitable, as in having enough profit to live on a Ramen Noodle diet/lifestyle. He gives many reasons why a startup may want to become Ramen Profitable as soon as possible, including: “The main significance of this type of profitability is that you’re no longer at the mercy of [...]
Jun
11
Child – First Account Oppened
June 11, 2009 | Comments Off
We just opened the Child’s first bank account. A regular savings account will do, under Uniform Transfers to Minors Act.
“In most states, minors do not have the right to contract, and so cannot own stocks, bonds, mutual funds, annuities and life insurance policies. In particular, parents cannot simply transfer assets to their minor children, [...]
Jun
10
Social Security Card Arrived
June 10, 2009 | Comments Off
Sorrow and Joy. Sorrow because the Federal government has decided to start normalizing our child – converting him into a traceable number. At the same time, it allows us to do things like open bank accounts for him and deduct him from taxes (if only we where not phased out). One thing [...]
Jun
10
New Child
June 10, 2009 | Comments Off
We got our first child in the last few weeks. A lot of excitement and joy. As this blog is about financial matters, we will probably discuss the financial decisions we take in this process.
Fortunately we haven’t really had any major expenses so far. A few diapers and a crib that we [...]
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