The Money Talk

Blog about money? You bet!

T.I.F.F. = Teaching and Inspiring Financial Freedom

Financial independence is the goal so let's dive in

Speaking of... what is financial literacy anyway? This is an excellent place to start!

EBITDA investing wednesday word of the week Mar 20, 2019

Definition

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. 


Why It's Important

This is one measure you can use to determine a firm's financial performance....

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TAX DEDUCTIONS wednesday word of the week Mar 13, 2019

Definition

A tax deduction lowers a taxpayer's tax liability by reducing the amount of taxable income.



Why It's Important

You have probably heard a lot about tax deductions and tax credits during tax...

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TAX CREDIT personal credit wednesday word of the week Mar 06, 2019

Definition

A tax credit is an amount of money that taxpayers can subtract from what they owe the government


Why It's Important

You have probably heard a lot about tax deductions and tax credits during...

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DEBT CONSOLIDATION personal debt wednesday word of the week Feb 27, 2019

Definition

Debt consolidation is when you take several debts and get a loan to pay them off, therefore, providing you with one monthly payment instead of multiple payments


Why It's Important

I will...

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BANKRUPTCY wednesday word of the week Feb 20, 2019

Definition

Bankruptcy is a legal preceding that involves a person (or business) that is unable to repay their outstanding debts

Why It's Important

Declaring bankruptcy gives the filer a chance at...

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HOW I SAVED MORE THAN $1000 LAST YEAR AT THE GROCERY STORE money management personal finance Feb 08, 2019

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OK, so I felt like this was a timely post in light of the government shutdown and the possibility of families not receiving food assistance in the coming months.  If you aren't aware of all...

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INCOME TAX wednesday word of the week Feb 06, 2019

Definition

Income tax is a tax that the government imposes on both individuals and businesses.  These funds go to support our government infrastructure. 

Why It's Important

Because it's tax...

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NET WORTH wednesday word of the week Jan 30, 2019


Net worth is calculated by subtracting your liabilities from your assets.  If your liabilities are more than your assets, you have a negative net worth.  If your assets are more than your...

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LIABILITIES investing wednesday word of the week Jan 16, 2019

Definition

Liabilities are anything that you owe (debt). They can be divided into Current and Non Current Liabilities, depending on how soon you have to return that debt.

Why It's Important

It is...

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5 RIDE SHARING STRATEGIES I USED TO EARN MONEY personal finance Jan 16, 2019

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I am always trying to find ways to pay off my debt faster!  One of my favorite ways is to participate in the gig economy, particularly ride sharing (driving for Uber & Lyft).  Now, I...

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5 C'S OF CREDIT personal credit wednesday word of the week Jan 09, 2019

Definition

The 5 C's of Credit is a system that lendors use to determine your creditworthiness.  
The 5 C's are:

Character
Capacity
Capital
Collateral
Conditions


Why It's Important

Having all of your...

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401K retirement planning wednesday word of the week work benefits Jan 02, 2019

Definition

A 401K is a retirement plan offered by most companies to help you save and invest for the future.

Why It's Important

I hope that everyone reading this is contributing to their 401K at work...

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