Ask Chuck: A Case for Economic Optimism
Dear Chuck, I have lost $300,000 in my 401k in the past 12 months, and things appear to be getting worse. I plan to retire in 5 years. Should I get my money out of the market or try to ride out the economic storms? Worried Dear Worried, This question came just last week […]
Ask Chuck: Preparing Your Estate Plan
Dear Chuck, We’re considering hiring a financial advisor to help us develop an estate plan. We want to protect and pass down our assets and possibly set up a giving fund that the children will jointly manage. Any suggestions on how to do this right? Stewarding Our Estate Dear Stewarding Our Estate, It is encouraging […]
Ask Chuck: Tax Refunds Expected to Be Lower
Dear Chuck, We usually pay down Christmas debt with our tax refund, but I am worried we will not get as much back this year. What can we expect? Waiting for Our Tax Refund Dear Waiting for Our Tax Refund, You are correct; changes to the tax laws are underway, so resetting expectations for […]
Ask Chuck: I’m Losing Trust in Currencies
Dear Chuck, I always thought a small diversification into cryptos would protect me from the collapse of fiat money, but now with the collapse of FTX, I am losing trust in the entire concept of currency. What should I do? Losing Trust in Currencies Dear Losing Trust in Currencies, As painful as it […]
Ask Chuck: Should I Trust Cryptocurrencies Now?
Dear Chuck, Since the FTX debacle, do you think the crypto market has been ruined? Cautious Investor Dear Cautious Investor, I don’t think cryptocurrencies are ruined, but the idea that they are a trustworthy asset is severely damaged. Let’s look at a few details of FTX’s collapse and then some biblical principles for investors. […]
Ask Chuck: Are You Exhausted By Inflation?
Dear Chuck, I am exhausted trying to make it to the end of the month while remaining within my budget. I feel like inflation is robbing me of more than my money. I am losing my joy every day that this continues. Exhausted by Inflation Dear Exhausted by Inflation, I wish I could tell […]
Ask Chuck: How Can I Save Money on Energy Bills?
Dear Chuck, It is already cccccold where I live. My heating bills are getting painful. Any tips to save money this winter? Bracing for the Winter Bills Dear Bracing for the Winter Bills, Unfortunately, we all need to be prepared to pay more to heat our homes in the coming months, regardless of the […]
Ask Chuck: Should I Wait to Buy a Used Car?
Hi Chuck, When do you think used-car prices will drop? My car is racking up a lot of miles, and I am trying to hold off on buying a replacement. Waiting on Prices to Drop Dear Waiting on Prices to Drop, Several years ago, a neighbor told my wife they needed to buy a […]
Ask Chuck: Are Student Loans a Rip-Off?
Dear Chuck, When students were paying 10% on student loans, we couldn’t get 1% interest on the money we put in savings. It seems like students and families who continue to take these loans are getting ripped off. Would you please address usury? Looks Like Usury to Me Dear Looks Like Usury to Me, […]
What Does the Bible Say About Investing?
Christians should invest, not simply to accumulate wealth for their own sake, but to increase their effectiveness for God’s Kingdom. Teaching Christians to invest is as important as teaching them how to budget. It’s all part of living as faithful stewards. What the Bible Says About Investing Investing is a way to multiply the resources […]
