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3 Key Biblical principles to guide your investing
The big news this past week was the initial public offering by Facebook. There was great speculation about what would happen. How high might it go. (Turns out it was a bit of a dud closing up just 23...
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Understanding the difference between saving and investing
Is there a difference between saving and investing? In many ways savings and investing can be considered two different sides of the same coin. They are related obviously because in both cases we are...
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Understanding the 2 hidden risks in long-term investing
The uncertainty we have seen in the markets in the last few years has caused many people to decide the risk is too great and has lead them to move their investments to very “safe” investments like...
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How to make sure you are able to retire with dignity
In previous posts we we have talked about the first three of Dave Ramsey’s Baby Steps. First, we need to save $1,000 as a starter emergency fund. Then Baby step 2 is the debt snowball to pay off all...
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The persistent millionaire
There was a popular game show a few years ago called “Who Wants To Be A Millionaire”. Part of its success I believe lies in the question itself. Who among us has never dreamed of what it would be like...
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Using the “Rule of 72″ to plan your investments
Here’s a quick little tip of for planning your investments. Suppose I have a little bit of money to invest. What interest rate do I need to average to double my money over a period of time? There’s a...
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2 types of investors that almost always find themselves broke
Investing is an important piece of the puzzle when it comes to our long-term dreams and goals. It is hard to save enough money to hit your retirement goals, college funding goals, and other long-term...
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Financial lessons we can learn from the Super Bowl Champions, Part 1
If you live in America, unless you live under a rock, you are probably well aware the Super Bowl was played this past weekend. Early reports say a record 114 million people watched Baltimore defeat San...
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Should I ever pass on my company’s 401K match?
Our parents and grandparents lived in a world where it was typical to work for a company for 30 years or more and then retire with a gold watch and a comfortable pension. Unfortunately, those days are...
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Does the recent stock market high mean we are headed for a big correction?
I have led several classes through Dave Ramsey’s Financial Peace University over the last few years. One of the lessons that has always drawn some skepticism from a few is the lesson on investing. In...
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How should I best spend my pay raise?
Most companies have some kind of annual merit raise process or a contractual environment where every so often you get a bump in your pay. The question is, what do you do with this new-found money? The...
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9 basic principles of investing
Retirement. Most of us hope to reach that goal someday. But how will we get there? Do we depend on Social Security to support us? Are you lucky enough to still have a job with a pension? Many companies...
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5 ways to fail at investing and what you can do to avoid them
Investing doesn’t have to be difficult. In fact, history has proven that while there are certainly ups and downs, over a period of years investing in the stock market is one of the best ways to build...
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What if i am too old to save for retirement?
There are many examples that point out the benefits of starting young when it comes to investing. I recently heard that if you saved just 3 dollars a day starting at age 25, assuming traditional market...
View ArticleDon’t let the nightly news make your investment decisions
This past year has been a terrific year for the stock market. The S&P 500 is currently up almost 23% this year alone. And yet even in the midst of a seemingly good market, there are still plenty of...
View ArticleRedefining what constitutes safe investments
In 2013, we finished a banner year for the stock market. I remember just 3 or 4 years ago though it would have been difficult to convince anyone that the stock market would ever make money again. In...
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12 steps to take in honor of Financial Wellness month
I just heard this past week that January was Financial Wellness month. That’s not surprising since this is the month of New Year’s Resolutions. While January may be nearly over, this is still a good...
View ArticleA Tale of Two Investments: 5 lessons from the last 5 years
Suppose I offered you a choice of two investments: Over a five-year period the first investment lost an average of 0.6% per year. The second investment had a 5 year average annual return of 17.7%. So...
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6 Reasons to take your retirement accounts with you
The days of working 30 or 40 years at one company and retiring with a pension and a gold watch are almost over. In fact, a 2012 study by the Bureau of Labor Statistics showed that the median time...
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Should I cash out my retirement account to pay off my debt?
When people start to realize their debt is a problem, one option that often comes to mind is whether to cash out a retirement account in order to pay off the debt. This can seem like a tempting quick...
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