Earn, save and protect your money

How to secure your digital device – One hour security drill

March 12th, 2016 by Michelle King

Every day we hear about hackers penetrating into many organizations and stealing data. There are tons of incidents where hackers targeted individual users. Recent trend is ransomware where hackers can hijack your computer and give it to back in your control only when you pay them ransom. Sounds like a freaky thriller plot? It’s true. Check this out.

So.. that pegs the question. How the hell we can protect ourselves? It all starts with prudent security measures you should take for every digital device you use — whether it’s laptop, smartphone, Amazon Echo, Nest, or even your car. Wall Street Journal lists 5 step program to protect the security of your device and sanity of your mind. Please read it and follow the steps. That will save you load of money!

My book in Kindle Scout

February 10th, 2016 by Ram Muthiah

Kindle Scout is like American Idol for books. It is a reader-powered publishing platform where the readers decide which book receives a publishing contract from Kindle Press.

I have written a fast-paced mystery/thriller novel which is inspired by a true event that happened in Southern California. The novel was copy-edited by Createspace (Amazon) editor. Few people reviewed the manuscript. The feedback was very positive. One reviewer said, “It has to be one of the best books I’ve read in quite a while…” I was all psyched up and launched my campaign in Kindle Scout.

The campaign is exciting sometimes. Especially, when my book is trending “Hot”! It’s also heartwarming to know that hundreds of readers nominated my book.

If you like mystery fiction, I request you to nominate my book. There is no cost to you. If my book is selected by Kindle Press, you will get a free digital copy of the book. You can read the book in any platform; Kindle device is not required.

Thank you!

How to watch Super Bowl 50 live using internet?

February 7th, 2016 by Ram Muthiah

If you have gotten rid of cable to save money, and wondering about how to watch Super Bowl Live…. check out CBS Sports. Click the watch live link, then you are good to go!

Longest economic expansion in more than 150 years!

July 4th, 2015 by Ram Muthiah

According to Allen Sinai, Decision Economics, the current economic expansion in U.S. may exceed the 10-year expansion of 1990s. If that is true (of course… no one would predict what would happen next month, especially given current Greek situation), this is not a bad time to buy a house or start a business. Below charts from Business Week article are giving lot of hope.


















Source: Business Week

Hot stock of the month – Drone Play

June 6th, 2015 by Ram Muthiah

Ever heard of Ambarella Inc? It’s a semiconductor company making chips. Boring stuff, right? So far the stock has risen 87%. These folks make chips that go into many of GoPro’s cameras. On top of it, Ambarella makes chips for drone cameras as well. GoPro is going big on drones. For a smart drone play, Ambarella is the better bet than GoPro.

Ambarella announced earnings on Wednesday. The company significantly beat Wall Street’s revenue estimate of $67 million, coming in at $71 million for the quarter, a 73.5% increase year-over-year. Many analysts increased the price target to $123. The way the stock is trading, it may reach the target in next few months. On Friday, the stock closed at $103.33

Disclosure: I own shares and options of Ambarella at the time of this writing.

Related Link: Barron’s article on Ambarella

Gold is going to $1,300/oz by May?

March 25th, 2015 by Michelle King

According to BofA top technician, Gold may hit $1300 by May. Checkout the video below posted in CNBC.


Idiotic Intuit

January 18th, 2015 by Michelle King

I have been using Quicken for so many years. Same goes with Turbo Tax. I had lot of respect for Intuit, until few minutes ago. These idiots from Intuit completely screwed up Turbo Tax. These people have shown their greed and complete disregard for consumers in their turbo tax product. I bought Turbo deluxe recently just like I have been doing for years. However, Turbo tax deluxe does not allow you to enter Schedule C or D (stock investments or small business data). Instead, it force you to buy upgrade. I used to manually enter the data directly in the forms. Intuit put a total stop to it. The company should have been clear in the way they priced the product. It threw super blow to people who are loyal to the company for years. Shame on you Intuit.

H&R block used this screw up and offer free download for the users who are screwed by Intuit. More details at Wall Street Journal. If you are screwed by Intuit, you have two options:

  1. Call Turbo Tax at 800-445-1875 and ask them to give you free upgrade.
  2. H&R Block is offering a free download of software to people who have already purchased TurboTax Deluxe. (Email SwitchToBlock@hrblock.com and include proof of purchase of the 2014 software.)

UPDATE: Turbo Tax is issuing $25 refunds if you had to upgrade from Turbo Tax Deluxe. More details can be found in CNBC page.

How to keep new year resolutions?

January 1st, 2015 by Michelle King

Most of us write new year resolutions on this day. However, only some of us are able to feel sense of achievement at the end of the year. Here are some tips to make sure you keep and succeed in your resolutions.

1. Make sure your resolutions follow SMART principle. Each resolution should be specific, measurable, actionable, realistic and time-bound. Believe me, if you can’t make your resolution adhering to SMART, you better remove it from your list to save you some frustration down the road.

2. Write positive resolutions. Meaning that, do not write “I will never ever eat that big fat pizza again”. That won’t work! Instead, write “I will eat more vegetables every day”.

3. Be realistic. You know your strengths and weaknesses more than anyone else in the world. Make your resolutions believable… to you!

4. Do some reverse engineering. Set a specific deadline for a goal and work backwards. Plan everything from now to that target date. Weekly plan works better.

These are simple, but proven tips. Try it out. Everyone in MoolaMania wish you and your family wonderful new year and prosperous days ahead! 2015 will be a pretty decent year for U.S. stock market. Plan well and profit well!

Making money with credit cards

July 6th, 2014 by Ram Muthiah

Credit card is not only part of our wallet, but also part of our life. Credit cards are double edged swords. If you use it right, it helps you. If you use it wrong, it buries you in pile of debt. I use credit card for all my purchases. I do this not only for convenience but also to easily track my expenses in Quicken. I always pay the credit card balance in full when it is due. Never ever carry credit card debt, that is just very bad for your financial health and credit score.

If you have a habit of using credit card for most of your purchases and paying credit card balance in full when it is due — here is a way to make some money. Apply for credit cards like Fidelity Investment Rewards credit card. These cards pay you 2% cash back for most of your purchases. There is no annual fee for fidelity investment reward card. If you have an account with Fidelity, the reward cash goes directly into your account. If you have rollover IRA with Fidelity, it gets even better! Your cash back will go into your retirement account and grow nicely over the years. If you typically spend $1,000 per month on credit card purchases, you will accumulate $10,729 over 20 years! (Assuming that you earn 7% per year in your retirement account investments)

If you are going to use your credit card anyway, why not make use of your habit to make additional $10,729 into your retirement account?! If you know of any other cash back credit cards, please share with us. If you like this blog post, you will also find our posts about ISIS wallet useful.

Word of caution: Never sign up for reward credit card that charge annual fee.

Good habits to learn from rich people

July 5th, 2014 by Ram Muthiah

Wall street journal published a useful video about what we can learn from rich people. Check it out at here.

Takeaway is “live like poor” even if you are rich!

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