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Crazy Money Day – Oil Deal Gone Bad

It’s Crazy Money Day! In 1980, Tom Hunter claimed an angel revealed the location of oil where none had ever been discovered. He raised the money to drill by convincing many Christians to invest. Some borrowed against their homes. One elderly couple risked their entire life savings. Know where I’m going? You guessed it. The […]

Finding Investment Balance

If you’re an investor, have you set clear goals? In the Parable of the Talents, God gave to the stewards according to their abilities. Each was rewarded or punished according to his faithful stewardship. There’s a difference between investment performance and investment purpose. Performance varies with knowledge and skill or factors often beyond our control. […]

Focus on What You Own

Is your financial house built on sand? I’ve counseled people with significant assets who were wiped out during economic downturns. Things looked great on paper, but their lifestyles were highly leveraged with debt. When interest rates rose and the economy tightened, they couldn’t keep up with payments. They lost everything, including their homes. Highly leveraged […]

Get Out of Debt and Give

Getting out of debt grants freedom to be more generous. Determine the first debt you want to pay off. Choose one with high-interest or the one that troubles you the most. Next, select a realistic date to pay it off and share your desire with someone who will hold you accountable. Adjust your lifestyle and […]

Savings Day – Covid Impacts Saving

I have money-saving tips for you! Some of you are saving like crazy because you’re eating out less, driving less, and making lifestyle changes as a result of Covid-19. Others of you can’t save due to furloughs, reduced hours, or layoffs. If you’ve squeezed your budget as tightly as you can, then negotiate your bills. […]

Crazy Money Day – Pastor Ponzi Scheme

It’s Crazy Money Day! On July 27th, U.S. authorities charged three Maryland men with wire fraud and money laundering in a $28 million Ponzi scheme. Posing as pastors concerned about peoples’ financial freedom, they defrauded people through a program called “First Million”, a wealth management and financial literacy firm that guaranteed monthly rates of return […]

‘Work From Home’ Burnout

Feeling burned out? Finding balance is tough when working from home. We know the importance of healthy eating, exercise, time off, and sleep. In April, the Harvard Business Review published “3 Tips to Avoid ‘Work From Home’ Burnout.” The authors report the importance of drawing lines between our professional and personal lives  – and they […]

Record Credit Card Paydown – 1st Half of 2020

Need some hope? WalletHub’s Credit Card Debt Study reports that Americans paid down a record amount of credit card debt during the first half of 2020. The greatest reduction occurred during the 2nd quarter of this year, largely due to unemployment benefits and household spending cuts. A WalletHub analyst said: “It may seem counterintuitive that […]

Generosity Day: Prayer For Paying Bills

Do you pray to be more generous? Douglas McKelvey wrote Every Moment Holy. Here are parts of his prayer for paying bills: “O God who provides all things necessary for our lives, there’s little in this life that will so starkly reveal our insecurities and our struggle to trust your tender care as will the […]

Savings Day – Store Brands vs. Name Brands

 This is a good time to increase your savings. It used to irritate me when my wife, Ann purchased store-brand items. I thought they were sub-par until finding out many are made by name-brand companies. Experts say, “.. the cost of store-brand foods and beverages is at least 20 to 25 percent less than name […]