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Savings Day – Where to Bank

Are you wondering where to open a savings account? Savings accounts are still a safe place to deposit savings as long as they’re guaranteed by the FDIC – that’s the Federal Deposit Insurance Corporation or the NCUA – the National Credit Union Administration. They cover $250,000 per depositor, per institution. In addition to online options, […]

Crazy Money! –Superyacht Sales Soar

It’s Crazy Money Day! Trillions of dollars were made during the pandemic. The U.S. now has over 2,700 billionaires, 500 more than before Covid. Many earned their wealth in the stock market and cryptocurrency. Boat International reports that more than a thousand superyachts are in construction or on order. They’re longer than 80 feet and […]

IRA Info

Do you have an Individual Retirement Account? A listener recently asked if an IRA is considered a savings plan or an investment. My answer depends on what you do with the money. You can put IRA funds to work in the stock market through mutual funds and other investments, or in CDs and savings accounts. […]

Crazy Money – Not Another Ponzi Scheme!!

It’s Crazy Money Day! Have you heard about the Ponzi scheme that swept through Bethel Church in Redding, California? An attendee of the church set up investment companies with his business partner and swindled investors out of $35 million dollars. Thirty-five million! Tight-knit communities, like churches, present prime opportunities for schemers. They know that church […]

Crazy Money! – Taxes and Charitable Giving

It’s Crazy Money Day! The federal government expects to collect about $4 trillion in taxes this year with nearly half of it collected through individual income taxes. That’s crazy money! The apostle Paul said in his letter to the Romans that everyone is subject to the governing authorities. They’ve been instituted by God. Because of this, we […]

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 […]

Selecting an Investment Advisor

Are you looking for an investment advisor? I recommend financial advisors who are committed Christians. Psalm 1:1 says we should avoid ungodly counsel. Meet with a prospective advisor and test his or her value system. Advisors who will cheat for you will also cheat you, and those who bend the rules on your behalf against […]

Couples and Investment Risk

Are you a risk taker when it comes to investing? If you’re an investor, you have to address how much risk you’re willing to take, and if you’re married, an equally important issue is how much risk your spouse can take. Chances are your opinions will be different. Spouses have personality differences that cause them […]

Visa Crypto Sales Exceed $1 Billion

It’s Crazy Money Day! Do you own any cryptocurrencies? Blockchain News reported that Visa Card holders spent over a billion dollars in crypto during the first half of 2021. They’re committed to taking cryptocurrencies mainstream. Visa’s CFO said, “We’re doing a lot to create an ecosystem that makes cryptocurrency more usable and more like any […]

Prudent Living

The Bible advises us to operate with prudence so we wisely choose the right path to a worthy goal. The prudent don’t live at the mercy of their circumstances. They wisely prepare for the days ahead.  Like airline passengers, they buckle their seat belts upon hearing, “Ladies and Gentlemen, we’re expecting turbulence ahead.” The pandemic […]

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