Index funds: A smart and safe investment.

Every stock investor makes the fundamental decision, whether they realize it or not, to either attempt to beat the market or if they are content to merely match the market. To beat the market, you must use actively-managed funds – that is, funds that frequently trade stocks in an effort to hold only those that […]

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What is financial independence?

  The perceived complexity of financial planning often leads to frustration and indecision by many families.  In last month’s column, we explored a simplified approach to financial planning by looking at the five short-term uses of money.  Money can be used in only one of five areas in the short-term: giving, lifestyle, repayment of debt, […]

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Five short term spending objectives revealed

One thing that often prevents us from being proactive with our family financial planning is that we perceive financial planning to be too complex.  The unlimited alternatives for spending our money often results in “analysis paralysis.”  The good News is that in the short term, there are basically only five spending objectives; in the long […]

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Performing for an audience of one: God

Over a 50-year span, the average American spends approximately 100,000 hours working. Unfortunately, millions of Christians are duped into believing that there isn’t the slightest connection between what they do all day and what they believe God wants to accomplish on this Earth. Nothing could be further from the truth. Work is not something we […]

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Contentment

We live in a materialistic, consumption-oriented society that operates on the two assumptions that more is always better, and happiness is based on the acquisition of possessions.  The danger of buying into this philosophy is that it is totally contradictory to the life that we are called to live as Christians.  The fact of the […]

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Teaching kids to handle money wisely

One major responsibility God has given parents is to train their children to handle money in a wise and godly manner. Frequently on the radio, parents will explain a problem with their children that involves money – a problem that they have not been able to overcome. Here are a few of the most common […]

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Failure to tweak your savings could cost you

One of the best ways to sock away substantial long-term dollars for retirement is to participate in an employer-sponsored 401(k). In fact, maximum contributions to 401(k), 403(b) and 457 accounts rose to $16,500 in 2009, with an additional $6,000 contribution available as a catch-up provision for those over the age of 50. Unfortunately, many participants […]

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Blessing of money management

Americans as a whole are addicted to debt.  We borrow, our businesses borrow, and our state and federal governments borrow.  Most of the attention about debt has focused on the federal budget deficit, which is expected to be $1.2 trillion next year.  But consumer debt is on the rise as well, and personal bankruptcies are […]

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Should give, could give, would give

Three men were discussing how to determine how much money to give to the Lord. This first man drew a circle on the ground, took all the money out of his pocket and threw it in the air; whatever landed inside the circle was the Lord’s and the rest he spent. The second man disagreed; […]

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Ten new ways to save money

We all spend money every day. Of course, it’s true that God gives some more financial resources than others, but we are all called to be found faithful with as little or as much as He has entrusted to us at this time. And, we are told clearly in Luke 16:11 that faithful money management […]

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