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Savings Day – Your Finances in Changing Times

Do you feel unsettled? In 1975, our founder, the late Larry Burkett wrote his first best-selling book, Your Finances in Changing Times. This foundational work was written before personal computers, mobile phones or electronic banking. Here are a few key excerpts. Quote: “I believe we’re going to see ever intensifying recessionary and inflationary spirals. During […]

Savings Day – Sacrificial Living

Preparation for financial storms requires sacrificial living. Are you familiar with this macro-economic cycle? Economies begin with hard work and discipline which leads to abundance and comfort. This leads to indulgence which ultimately leads to decay and destruction. Then, the cycle repeats itself. God’s Word warns us to be prepared for storms of every kind. […]

Love Your Neighbor

Do you love your neighbor?   Martin Luther once said, “A true Christian lives and labors on earth not for himself but for his neighbor. Therefore the whole spirit of his life compels him to do even that which he needs not do, but which is profitable and necessary for his neighbor.” Did you know that […]

Cash-out Mortgage Refi’s are Back

Considering a cash-out refi? Bankrate.com says homeowners pulled $70 billion in equity from their homes in cash-out refinances in the third quarter 2021. It was the highest rate in over 14 years. Higher home values reflected lower loan-to-value ratios. It’s led to the lowest total market leverage ever recorded – the average borrower’s mortgage debt […]

Savings Day – Are You Hoarding Cash?

Are you stockpiling cash? Last month, a report revealed that Americans have saved an excess of $1.6 trillion during the pandemic. Driven by fears of an economic crisis, it started when three rounds of stimulus checks were issued by the government. People are saving far more than the usual three to six months that financial […]

Savings Day – Social Security Benefits and Inflation

Have you heard about the Social Security cost-of-living adjustment?  The Social Security Administration has been giving cost-of-living adjustments since 1975. That’s the year I graduated high school. In 2022, recipients will receive a 5.9% raise – the largest increase in 39 years. This is government confirmation that inflation, though repeatedly called “transitory,” has verifiably entered […]

Inflation Protection

Inflation could be here for awhile.  Inflation’s the rate at which the value of a currency is falling while the cost for goods and services is rising. One positive is that when interest rates rise, savings accounts, money-market funds, and CDs will earn more money. Homeowners with a low fixed-mortgage rate will also benefit. The […]

Investing in Inflation

The key to investing in an inflationary economy is diversification. Diversification is the means by which wins can cover losses during inflationary times. Mixing different assets and investments limits your exposure to risk. It also provides a hedge against volatility. Solomon wrote about it in Ecclesiastes chapter 11: “Give a portion to seven, or even […]

Semiconductor Chip Shortage

Have you noticed limited supply and higher prices of certain products?  Take cars for instance. When COVID hit, people fled cities to work remotely. Without the convenience of public transportation, they bought vehicles. When travel dropped, rental companies sold their inventories. Later, they purchased used vehicles to meet rising demand, but the primary factor affecting […]

Savings Day – Wait to Buy a Used Car

Want to buy a car? Prices for used-cars are way up over the same time last year—some as high as 30%. In June, Bloomberg reported that higher prices for used cars contributed to the rise in U.S. inflation and were responsible for one third of the rise in consumer prices. Tim Healy at TheTruthAboutCars says, […]