Lets Make Some MULA (aka MONEY)!

I'M A MOM ON A MISSION! To make money - not by clipping coupons (though we do this also) but on the stock market.

I know what you're thinking...what does a stay-at-home-mom to six kids know about trading? Well a year ago, nothing.

One year ago, we were like, I think, every other middle income family - trying to pay off credit card bills/personal line of credit/mortgage/car loans...etc. We thought we had a good plan in place. Being avid junkies of the show Till Debt do Us Part, we followed her advice and made a budget (her website has great budget sheets you can fill out) taking our net income and subtracting our fixed expenses and figuring out what our cash flow was to be.

Thinking we were doing pretty well, paying off one bill and taking that payment and adding it onto the next highest (highest interest first) and so on.

But it just wasn't working. We would get so far ahead and then something would come up - like car repairs or kids dental work (stupid braces!). We just couldn't get ahead.

As luck would have it, I got a call from our new Financial Adviser. (I'm a true believer in things happening for a reason). Figuring we had nothing to lose. We made an appointment - which has forever changed our lives.

We consolidated our loans which freed up $1700 a month to invest and he introduced us to TFSA (Tax Free Savings Account) and showed us how we could trade stocks and purchase options on our own.

I STRONGLY recommend this. You can save $5000 a year in these accounts and ANYTHING you make above and beyond is TAX FREE! How cool is that? Dave (hubby) and I both opened accounts to the maximum of $10,000 each (started in 2009). Of course, we didn't have that kind of money so we set up an automatic withdrawal every month of $250 each. You have the option to change this amount any time - but just be aware of hitting your maximum contribution.

Fast forward to present time, I have come to realize after talking (more like pulling teeth) with friends and family how little we are willing to talk about finances.

I was desperate to find information about what stocks to buy, how others were successfull with their money but nobody wanted to talk about it.

Either they too were in the dark about it as I was or they just were not willing to discuss it.

So I purchased lots of books (more great info to come) and searched online (some great websites to visit) regarding stocks/bonds/equities and options and thanks to our new best friend (Financial Adviser) we have made over $4000 in profit.

We have made it our mission to share this new found knowledge. We are welcoming you into our financial lives. With me we can go step by step into financial freedom. Which in the end is what we hope for.

Everyday, I will let you know what stocks I am playing. Talk about making money not just getting out of debt. No more secrets. Let's put it all on the table and learn together.

LETS MAKE SOME MULA!!....

**(The trades I make are in no way a guarantee. Please DO YOUR OWN DUE DILIGENCE! If you wish to add opinions on stocks or have some great information or ideas - please share!!)