Blowing a $4 Million Inheritance
Originally posted on the Christian Post on October 14. Dear Chuck, I read a story recently in the Washington Post about a frugal librarian who drove an old car, carried his lunch, and spent next to nothing on himself, making it possible for him to save $4 million that he donated to the school he loved, […]
4 Principles for Borrowing 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 […]
Tips to Not Trip Over Your Tongue at Work
Originally posted on the Christian Post on September 23. 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, I’m trying to fit in to a new workplace, and I’m on the outside of a lot of the conversations […]
3 Tips on Money & Divorce from Baywatch
Originally posted at Christian Post July 15, 2016. Dear Chuck, I saw recently that the former Baywatch star David Hasselhoff headed to court to try and challenge the judicial order to pay his ex-wife $21K a month in alimony. I’ve read his assets went from $1.2 million in the bank to $600 after his divorce. What happened […]
Is Hiding Financial Information Considered Cheating on Your Spouse?
Recently, I was interviewed for an article in Fortune Magazine about a survey on “financial infidelity”, and they said this, “One in twenty people in the U.S. admit to having started secret bank accounts or credit cards without their partner’s knowledge.” Another headline on the topic in The Guardian observed: “Cheating isn’t always sexual – […]
3 Pieces of Money Advice from the Bible
Few people see the Bible as a financial guidebook, but Scripture is full of spiritual and practical advice. Here are the top three lessons in which the Bible differs from all other financial advice. 1. Money is not our master. Cash is not king. Becoming a millionaire is not an appropriate life purpose. The Bible […]
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, […]
6 Ways to be a Good Steward
The Bible makes it clear that the standard for good stewardship is that we are to be both faithful and disciplined. Here is my list of best practices for good stewards. 1. Be faithful by honoring God with the first fruit of all your income. That means make giving to God’s causes your highest priority. […]
Credit Cards Are Not Evil!
This may surprise you, but I carry a credit card. I never fail to pay off my balance at the end of the month, and I never pay late fees. For that, Ann and I take advantage of the convenience the card allows, earn airline miles, and enjoy 30 days of interest-free money. I have […]
