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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
Dear Chuck, We’re trying to decide if now’s the time to buy a house. We’ve been outbid numerous times, and our landlord wants to raise our rent. Should we wait or keep trying? Squeezed by Rising Rent Dear Squeezed by Rising Rent, My answer is yes—to both. Exactly if or when to stop renting […]
Dear Chuck, I am bitter that I just paid off my federal student loan last year, after ten years of working a side job to do it! Seems grossly unfair that, all of a sudden, some people are getting a free ride. Shouldn’t Christians refuse this free money? Bitter About Free Money Dear Bitter […]
Dear Chuck, If we’re headed towards an economic downturn, how can I recession proof our finances? Recession Proofing Dear Recession Proofing, Many economists believe we are headed toward major economic challenges. Consider just three reasons: Jobless claims are at an 8-month high as layoffs increase in number. We have experienced record-high inflation, and consumer […]
Dear Chuck, I’m concerned about our economy tanking. Larry Burkett wrote a lot about our national debt and out-of-control federal spending that would likely lead to hyperinflation. Where do you think our economy is headed? Trying to Understand the Times Dear Trying to Understand the Times, Only God knows the answer to your question, […]