More children are good for planet Earth, not bad!

Apparently there are a handful of folks here in the US who are trying to start a movement to encourage couples to make a pledge to save the planet by having one child or none at all. The article I read, which has gotten lots of national publicity by the way, said to forget global warming. People are the real reason the planet is being destroyed and thus it is immoral – that’s right immoral – to bring more children into the world that are going to destroy the place for those already here. This is twisted, dark, defenseless non-sense. I hope you never believe such a lie against God.  Not only does it contradict the biblical mandate to be fruitful and multiply, that children are a blessing from the Lord and that we  Christians are to increase, not to decrease, it also defies the actual facts. The late Dr. Julian Simon, a psychologist and economist, wrote a book called, The Ultimate Resource, which pointed out the fallacy of the logic that people are simply consumers. He d ...

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Do you have $1,000 in savings that you could access right now?

I am talking about cash that you can put your hands on and use if needed. Not money you would have to borrow or a line of credit on a credit card. If you said no, according to a recent survey published by USA Today, you are among the almost 70% of Americans in the same condition. The survey revealed that 34% said they have zero savings and 35% reported they have some but less than $1,000.  Now, if you are among that group, let’s change this, starting right now.  I want you to take these three simple steps: Make a decision and a commitment that in less than one year you will have a full $1,000 in a savings account at the bank or in a safe place at home. Got that?  Make the commitmenttoday. Say it aloud. Write it down. Write it on your bathroom mirror. One year from today, with God’s help, I will have saved $1,000.  Make a plan to save something every single month, without fail. Something. $10, $25, $50. It only takes $83/month or $2.80/day. You need a simpl ...

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Is Divorce Easier for Brad Pitt and Angelina Jolie?

Originally posted on the Christian Post on October 21. To learn Biblical answers to your financial questions, you can #AskChuck @AskCrown your questions by clicking here. Questions used may be lightly edited for length or clarity. Dear Chuck, Recently several close friends to me have divorced, causing so much chaos and pain and financial difficulty, but then you see celebrity divorces like Angelina Jolie and Brad Pitt after 12 years and six kids, or the break up of Naomi Watts and Liev Schreiber after 11 years and two kids, and they are smiling for the cameras while the media talks about them splitting millions of dollars. Maybe if you have millions of dollars, divorce is not a big deal. Do you think that with lots of money, divorce can work out well? Troubled for my friends. Dear Troubled, The short answer for your question is NO. The end of a marriage is not merely about splitting up assets, though that has a huge impact on a couple. There is pain, suffering and most ...

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Lessons From My Dad On Money and Finances

Today’s guest learned a valuable lesson about money from his dad. My guest today is David McAlvany, President of McAlvany Wealth Advisors and author of his newest book, The Intentional Legacy. David, what was the best thing your dad taught you about money and finance? “My dad is in the money management business and has been for decades. He left me with an extreme aversion to debt. When I went off to college, I may have been the only kid who didn’t have credit cards in their pocket. It forced me to develop habits to buy only that which I could afford. Of course, I didn’t have a credit history when I graduated, but that’s a different issue and not a really big deal. As I’ve moved into a professional career, I’ve witnessed so many people start businesses and feel like they have to borrow in order to grow their business. But many of those have lost their businesses ultimately because of the pressure and strain of not being able to make payments on ...

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Good Advice On Planning For Retirement

Are you thinking about and planning your retirement? My guest today is David McAlvany, President of McAlvany Wealth Advisors and author of his newest book, The Intentional Legacy. David, what is the single-most important tip you would give a person planning their retirement? “Through no fault of their own, the rules have changed. You used to be able to count on 4% of your savings to supplement your retirement income. Today, it’s no longer possible. This is for two reasons. One, interest rates have been set so low by the world’s central banks that you can’t count on the magical 5% coming in from your bank’s certificates of deposit. Two, in the equity markets, things are so overvalued that you now have a growing list of professional investors. This includes John Bogle of Vanguard funds, who says you can expect only 2% per year over the next decade because things are so overpriced today. You have to lower your expectations and anticipate to draw 2% instead of 4% - which ...

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The Single Most Important Tip About Money For A Young Person

Do you need a tip for managing your money wisely from a young age? My guest today is David McAlvany, President of McAlvany Wealth Advisors and author of his newest book, The Intentional Legacy. David, what is the single-most important tip you would give a young person about money? “I would actually give them two tips! One, that money is a tool. You should never fall in love with it because it will never love you back. Two, design into your expectations of making money the desire to save and give. The more you save, the more you can give. Saving also gives you flexibility to invest and do many other things in the future. I am reminded of the story of John Templeton. After making hundreds of millions of dollars, a young boy asked him, “How do I make a fortune?” John responded simply, “Save.” When asked how much to save, John explained to the boy that he should save 51% because the Chinese were saving 50% and that extra 1% would be vital to have any sort of advantage. ...

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Being Intentional About Your Legacy, Part 1

Are you being intentional about your legacy? My guest today is David McAlvany, President of McAlvany Financial Group and author of his newest book, The Intentional Legacy. David, why is planning important when thinking about legacy? Could you explain the value for families and employers? “When you look at legacy, the temptation is to think of it just in financial terms. The planning process is not about getting a will in place or meeting with a tax expert. The planning that’s required is really taking stock of the kinds of legacies you want to create now, not leave tomorrow. This requires looking at the intangible assets you are managing, not just the tangibles. If you want to create a financial legacy, you make a plan to pass on wealth. If you want to create a legacy of the intangibles, you plan a living legacy. This is done by developing different kinds of maturity within the family – spiritual, emotional, and intellectual. By developing these kinds of maturity in your childr ...

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Do you really have a desire to be rich?

Many people live with a hidden dream to become rich. It is a hope or desire that one day all your financial problems will be solved with loads and loads of money. But that is not true.  Remember when God asked Solomon what he wanted in I Kings 3:5?  “At Gibeon the Lord appeared to Solomon during the night in a dream, and God said, ‘Ask for whatever you want me to give you.’” Imagine this happening to you or me! What a question.   Solomon answered, “‘So give your servant a discerning heart to govern your people and to distinguish between right and wrong. For who is able to govern this great people of yours?’ The Lord was pleased that Solomon had asked for this. So God said to him, ‘Since you have asked for this and not for long life or wealth for yourself, nor have asked for the death of your enemies but for discernment in administering justice, I will do what you have asked. I will give you a wise and discerning heart, so tha ...

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I have four principles to follow if you have to borrow money.

Borrowing is not prohibited scripturally, but neither is it encouraged. It is always presented as a negative with many warnings about its danger and misuse. Here are fundamental Biblical principles related to borrowing. Avoid Borrowing Unless Absolutely Necessary: Borrowing should not be a way of life but the exception. Only if there is no other way to make provision for your need, should you borrow money. It is best to pay cash for all consumer purchases, cars, and routine expenses and to even pay for your home with cash if possible.  Luke 12:57-59 says: “As you are going with your adversary to the magistrate, try hard to be reconciled on the way, or your adversary may drag you off to the judge, and the judge turn you over to the officer, and the officer throw you into prison. I tell you, you will not get out until you have paid the last penny.” Avoid signing surety as a loan:  Surety is making yourself personally liable for a debt if there is a failure to pay. In o ...

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Planner or Worrier? Which one are you?

God's word strongly recommends that we plan carefully and commit to completing what we choose to do, so that it will be a job well done. In Luke 14: 28-31, Jesus says: "Suppose one of you wants to build a tower. Won't you first sit down and estimate the cost to see if you have enough money to complete it? For if you lay the foundation and are not able to finish it, everyone who sees it will ridicule you, saying, 'This person began to build and wasn't able to finish.' Or suppose a king is about to go to war against another king. Won't he first sit down and consider whether he is able with ten thousand men to oppose the one coming against him with twenty thousand?" You can see in this passage that Jesus urges us not only to plan but also to plan for a total commitment to a good outcome. The Bible advocates getting some good advice so that your plans can succeed. Proverbs 16:20 notes, "Whoever gives heed to instruction prospers, and blessed is the one who trusts in the Lord." Or consider Proverbs 15:22, "Plan ...

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