Discussions on making money, saving money, maintaining wealth and
self development; a path towards a rewarding financial future.

MooneyTalk Logo Design

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I would like to take a brief moment to thank my friend Catherine Harkins for her time and effort in the creation and design of our site’s logo. Catherine is very talented and creative in coming up with the logo. I simply gave her a few description of the site and what I was looking for and she did the rest.

I would highly recommend her to you if you are looking into getting a logo, banner or anything that has to do with your company's image. In addition to the site logo she also have many more work sample in her portfolio if you would like to see more of her work.

If you would like to have her work on your website or company logo please feel free to contact her at the following email address: harkins32@gmail.com. By the way she is also very reasonable with her price when comparing to the same professional level of work you would otherwise receive from others out there.

All I can say is that she loves what she do and she does it very well!! Thank you Catherine for a job well done!!

Las Vegas Vacation Tips and Planning

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With my recent trip to Las Vegas I was inspired to share some tips with everyone if you are planning a trip to the Sin City. I have been to Las Vegas on several occasions and every time I go I have noticed that if you plan your visit it is much more enjoyable because you will know exactly what to do and most importantly you will save more money.

Plane Ticket

Buy your plane ticket ahead of time; do not wait until the last minute because it is much more expensive. The difference in price can be as much as 100-250 dollars. When I went last month I bought my ticket for only $135 but my friend bought theirs for $260.

Car Rental and Shows

Booking your car rental and show tickets online will also save you quite a bit. When booking ahead of time online I found that it is not just cheaper but you will be rewarded with free upgrades for less. I got show tickets for $70 with VIP seating and two free drinks; if you bought the same tickets at the show it would have been $80 for the regular seats with no free drinks. If you must buy it there do so at a booth on the strips since you can get the tickets at a decent price. Car Rental are also cheaper when you purchase or rather bid for it online; reserving a car ahead of time will also ensure you will have a car saved for you when you arrive to pick it up at the car rental.

Walking the Strip and Hotel visits

If you do not want to spend a lot of money on shows, you can always walk the strip since there is lots of beautiful sceneries. They also have hourly showing that are free like the water show. Don’t forget to visit some of the hotel, they are just amazing; you will be blown away by its beauty and how much work the hotel put into the decoration in order to attract visitors.

Taxicab

Taxicab drives are very money hungry people and some can also be very rude as well. They will often take the longer rout to run up the meter. Try avoid using the taxi if at all possible; an alternative is to use the shuttle or the bus. Some hotels have shuttle running every 15 minute to the neighboring hotels.

Nightclub

If you go to the club at a popular hotel make sure to arrive early (9-10:30pm) so that you can get in, otherwise you will have to wait in line or be jerked around by the bouncer; this will apply especially if you have a bunch of guys with you. When I was there I had to pay the bouncer $100 to enter; in addition we had to pay the cover charge as well. If you get there early you can always come in and out since you will be stamped. If you are going to arrive late, your other option would be to arrive with 1-3 beautiful ladies on each arms.

Free Alcohol

If you plan to go clubbing make sure to drink before heading out. If you gamble at any of the table games or slot drinks are free; well not exactly it’s actually a buck since you have to tip the cocktail waitresses. This beats paying $16 for a drink inside. Remember if you are going to gamble make sure to play the slower games like the slot machine or pai-gow. When I was there and was early for the club I went outside to gamble for a few free drinks but those drinks ended up costing me $300 all because I was playing blackjack.

Gambling in Vegas

Everyone who visit Vegas will more than likely gamble there, so the most important tip I have for you is this: MONEY MANAGEMENT. The casinos are in business because they make money and not to give it away freely. If you gamble make sure to set your limits before you sit at a table. Because if you don’t you will likely lose more than you planned for. Gambling is fun but don’t you agree that it is more fun when you win? Even if it is only $10 bucks; well that beats losing a few hundred. Ok so this is how it works; before sitting down you tell yourself you will only play with $200 or whatever the amount you are willing to lose and not break the bank. But when you double the amount to $400 or whatever limit you set, you will get up and walk away until the next time. If we don’t set limits we end up saying ok one more hand and after that again you tell yourself one more hand; in the end you will lose more money or give back all of your winnings and some more.

I hope the above tips will help you plan for a more pleasant trip to Las Vegas the next time around; and remember to not make the same mistakes I have in my previous trips to Vegas. There are a lot more that I can list but those are just a few that came to mind. Enjoy!

24 Tips to Save Money on Gas Bill

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With the increasing rise in gas prices, we are spending more than usual everyday going about our daily activities. I don’t know about you but I spend about $55 on a weekly basis just driving to work and running errands. That’s more than $200 spent on gas alone. I guess it does not help that I have to use premium gas but my car requires that I use premium only. I can not do anything about the quality of gas I use but here are the many things that we all can do to cut down on the gas bill each month and save a bit of money.

Buy Gas From A Busy Gas Station

Did you know that gas stations that are refilled with gas on a regular basis are more likely to have fresh fuel? Fresh fuel has more power than gas that has been sitting around for days.

Park In The Shade

By parking in the shade your car fuel evaporation will be minimized hence saving you on the purchase of more gas. In addition a car that’s park in the shade help keep the car cool; therefore, will prevent damage to your car paint and leather.

Getting A Tune-up For Your Car

A simple tune-up for your car can improve the gas mileage of your gas bill by more than 4%.

Check Your Oil

Using the proper motor oil grade on your car, preferably the one with the “energy conserving” label on them will yield you as much as 1-2% on gas mileage.

Maintain Your Car Properly

Since we are on the topic of oil change, make sure you change your oil, spark plugs and air filter as scheduled. Don’t forget, always see a mechanic immediately when you have the “check engine” light on. If the cause of your check engine light is a result of a faulty oxygen sensor, than your car mileage can be lowered significantly.

Avoid Filling Up At Gas Stations Near Freeways

In general, gas stations that are located near the highways are higher in price that others that are otherwise not.

Avoid Idling

Be sure to shut off your car engine if you are going to sit in it for more than one minute.

Fill Up On Weekdays

Gas pries usually increases on the weekend, so it will be to your benefit to fill up either Tuesday afternoons or Wednesday mornings.

Avoid Running On Empty

Believe it or not but your car run less efficiently and uses more gas when it is on empty; avoid running on or near empty and fill your gas tank when you have half a tank or less.

Avoid Topping Off

When you top off your tank, the pump does not have enough time to really activate which results in short bursts of fuel that may short change your from the amount of gas that you are purchasing.

Do Not Upgrade Your Gas

Unless it is recommended by your car’s owner manual to buy higher grade octane gas buy the regular gasoline because costly high octane gas does not improve the performance of your vehicle.

Check Your Tire Pressure

Under inflated and/or worn tires that are low rolling resistance requires more energy to roll; therefore, wasting energy and hence using more gas.

Fill Up At Night

Did you know that pumping at night time deliver more gas than if you would otherwise in the day time since the temperatures are lowered? If you pump gas in the day time when it is hotter, you will get less since the molecules are expanded by the heat hence yielding you less gas for the same price.

Tighten Your Gas Cap

Always remember to tighten the gas cap on your car because doing so will prevent gas from evaporating and escaping into the air. If you do not currently have one because you have lost it, make sure to buy another one immediately.

Slow Down

Driving to the posted speed limit will also save you fuel since each 5 mph over the 60 mph mark will cost you an additional 10 cent per gallon. Whenever possible use cruise control to maintain your speed.

Lighten the Load

Do not carry items you do not need in your car but if you must, do so by placing them in the trunk instead of the roof rack because that will create drag which will consume more gas. Did you know for every 100 pound of weight you car carry will cost you 1 to 2 percent of your car fuel economy?

Shop Around

Whenever possible find gas stations near you that offer the cheapest gas and go there first. Here are a few places you can go to check:

Mileage Tracking

Track your mileage when you fill up; if you noticed a decrease in miles per gallon over time then have your car checked out.

Discount Gas Card

Look for discount gas card at your local gas stations such as Shell, BP-Amoco, Exxon-Mobile, or 76 for rebate programs that offer you a percentage off the gas you buy. You can save as much as 5 to 10 percent on your purchases!!

Make One Trip and Carpool

Whenever possible carpool with a friend. In addition it is more costly to take multiples short trips from a cold start then to make one trip covering the same distance when the engine is warm. Multiple short trips will use twice as much fuel then one.

Choose Your Vehicle When Driving

For those who own more than one vehicle, remember to drive the one that has the better fuel economy.

Pick Your Route

If possible take the route that has the flattest terrain and fewest stops; this means you should avoid stop and go traffic. Tune into the radio to get traffic information.

Keep your car clean

Keep you car clear on the exterior by washing it regular will increase the aero dynamic when driving and thus saving on gas usage. Yes the dirt and debris built-up will slow your car.

Avoid using the air-conditioned in your car whenever possible

Your car exerts a lot of energy when you have it on and will use more gas in the process. But on the other hand if you are on the highway it makes more sense to use the air-conditioner than to having the window down since the wind will put more drag on your car, decrease aero dynamic and thus use more gas to propel your car forward. If you are driving in stop and go traffic such as the city or during traffic hours it is better to have the window down than using the air-conditioner.

If you would like more information on the above tips just browse the web for more in depth details.

How to Save Money on your Car Loan without Earning more Income!!

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car

How does a year worth of free auto insurance, a year worth of gas or free Starbucks coffee for the entire year including tips sounds to you? If that does not appeal to you than maybe a trip for two to Hawaii would be more to your liking. Yes it is true that you can save yourself quite a bit of money simply by switching the frequency of your auto loan payment. So instead of paying your car payment once a month like the rest of the world do, you should have the financial institution where your loan is currently housed at change the frequency to either weekly or biweekly payments. It is most likely that you already have your monthly payment in your account already so why not set it up to draw on more frequently? I will discuss this in further details to explain the benefits of switching your current car loan frequency with actual figures and number to support my point. Of course you will have to keep in mind that savings will vary in every case depending on the following variables: loan amount, interest rate, monthly payment and the terms of the loan.

For our example we will use the following figures:

Loan Amount:           $30,000.00
Interest Rate:           10%
Monthly payments:    $498.11
Term:                      7 years or 84 months

With the above example our current monthly loan payment is $498.11 which will have to be paid for a total of 84 payments to payoff the entire loan which is 7 years. The total interest you will have to pay for the duration of this loan is $11,840.67. Click here for a full monthly calculated payment schedule. As you are looking at the payment schedule you may notice, with every payment that’s made more of the payment is being put into the principle and less into the interest.

On the other hand if you switch the frequency of your payment to Bi-Weekly on your existing loan above you will pay less interest. The new payment will be $249.06 ($498.11/2=$249.06) which will be paid twice a month, on this payment schedule your total interest that you will pay will be $10,330.64. Click here for a full bi-weekly calculated payment schedule. Your total savings computes to $1510.03 on this payment plan which is equivalent to 9 months of payment savings.

This chart shows the savings when comparing the two payment schedule between monthly and bi-weekly.

The above graph illustrates the total interest savings.

Now if you want to go as far as setting the payment schedule to weekly, the savings will be an additional $38.57. The savings is not as significant but never the less it is a savings just by doing nothing more than switching the frequency of the payment. Click here for a full weekly calculated payment schedule.

As promised you have made an instant savings on your car loan without getting a raise or earning more income. Now you can use the money to spend on better things…yourself! Please give me your feed back on the article. Thank you and I hope you have enjoyed this article!

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About MooneyTalk.com

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Life is a journey and everything that we have experience up to now have taught us a great deal. We all make mistakes in our lives whether big or small at some point but the important lesion to take from this is to learn from our past and not make the same mistakes again. After which we should move forward and not dwell on the past. Winston Churchill put it well when he said: “Those that fail to learn from history are doomed to repeat it;” that means if we do not reflect back on the past we will surely repeat those unfortunate events again.


With that in mind we created MooneyTalk to share our thoughts on what we have learned so you will not make the mistakes we did. In addition we are also on a mission to retire comfortably without fear that we will not have enough in our nest egg to retirement without resistances. That means if we do not have a big enough of a nest egg to retire we will have to work after the age of retirement since social security will either be nearly depleted or none existence.

If we come across something of interest and/or of value we will write about it here on MooneyTalk. Our main focus here is on the topics of money and self development; therefore, we will concentrate on subjects surrounding ways in which we can save money, make money and the preservation of wealth. To be successful in our pursuit of wealth we need to be in a good state of well being mentally, physically and spiritually; as a result we will also discuss means in which we can improve ourselves through self development.

If you have any comments or feedback please feel free to contact us. In addition if you have something to share and would like be one of our contributing members to the MooneyTalk community I encourage you to contact us so that we can make the arrangements. Thank you for visiting and we wish you good luck and good fortune in your journey!!

- Brian and Thy

Categories

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Below are some of the categories in which you will find or can search the archives postings for the different topic of interest:

  • Loans
  • Retirement
  • Real Estate
  • Debt
  • Banking
  • Book Reviews
  • Credit Cards
  • Credit Report
  • General/Misc
  • Taxes
  • Time Management
  • Travel
  • Education
  • Career
  • Insurance
  • Investing
  • Goals

Submit an Article

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If you would like to be a contributing member of the MooneyTalk community please contact me at brian@mooneytalk.com so that we can make the arrangements to get your articled posted.  It is always refreshing to have other members point of view besides from my own.  Please keep in mind; our main focus here is on the topics of money and self development; therefore, we will concentrate on subjects surrounding ways in which we can save money, make money and the preservation of wealth. In addition we will also be covering topics surrounding self development where one can improve their state of being mentally, physically and spiritually.  Thank you in advance for your contribution!!

Advertise

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We are in search of a mutually beneficial partnership between other so that we can increase exposures.  If you would like to participate please contact me at brian@mooneytalk.com.  Thank you and good luck!

Contact

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If you have any feedback, comments or suggestions please send me an email at brian@mooneytalk.com.  For those who prefer to contact me through snail mail you can also write to me at the following address:

Brian Linh Nguyen
P.O Box 610471
San Jose, CA 95161

 

 

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