Category Archives for "Saving"

Are You Worried About Outliving Your Retirement Savings?

If you’re worried, you are not alone. Maurie Backman with the Motley Fool says retirement tops the list of Americans’ financial concerns. In 2016, 64% of the population admitted fear in not having enough funds to cover living expenses in retirement. An estimated 33% have no retirement savings at all, and those who are relying […]

6 Basic Financial Moves Everyone Can Make

I am often asked to share basic financial moves. Here are my top six: 1. Make giving to the Lord’s work your top financial priority. The Bible calls us to honor the Lord with the first fruits of our wealth. I believe 10 percent of our gross annual income is the starting goal. 2. Have […]

How Much Should You Save?

Americans are currently saving an average of 4 percent of their annual income. This is the lowest savings rate for any country in the developed world. At a seminar I just completed, a participant asked me, “Well then, what is the right percentage of our income that we should be saving?” Glad you asked. First, […]

Paying off debt is like eating an elephant…

…it can only be done one bite at a time. Over the years, I have known thousands of folks who have become debt free. I have never met anyone who regretted it. True debt is borrowing money that you have no way of paying back. It is debt backed by nothing more than your commitment […]