Today at Master Your Money
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Today at Master Your Money
Transcendent Planning Principles - #5 (Give Generously)
Dear Friends,
Today I get to talk with you about one of the subjects I am most passionate about: generosity. I firmly believe that generosity is the key to financial contentment and to financial freedom.
Jesus’ economic views never line up with the “seek security for retirement” mindset that we, as Americans, have as a bedrock for our financial pursuits. Rather, Jesus said things like, “go, sell all that you have, and distribute it to the poor” (to the Rich ... << MORE >>
Today I get to talk with you about one of the subjects I am most passionate about: generosity. I firmly believe that generosity is the key to financial contentment and to financial freedom.
Jesus’ economic views never line up with the “seek security for retirement” mindset that we, as Americans, have as a bedrock for our financial pursuits. Rather, Jesus said things like, “go, sell all that you have, and distribute it to the poor” (to the Rich ... << MORE >>
Transcendent Planning Principles - #4 (Set Long Term Goals)
Dear Friends:
Today, as we consider the fourth of six fundamental financial decision making principles, I want to give you some condensed teaching on goal setting from my book, Master Your Money. Goal setting has been a favorite teaching topic of mine since I first began to counsel believers in the early 1970s on their financial choices. Over time, I’ve distilled some points that I believe will provide a very important framework for you.
First of all, there are four ... << MORE >>
Today, as we consider the fourth of six fundamental financial decision making principles, I want to give you some condensed teaching on goal setting from my book, Master Your Money. Goal setting has been a favorite teaching topic of mine since I first began to counsel believers in the early 1970s on their financial choices. Over time, I’ve distilled some points that I believe will provide a very important framework for you.
First of all, there are four ... << MORE >>
Transcendent Planning Principles - #3 (Build Margin)
Dear Friends:
When I tape the videos for these weekly blogs, I tape several at a time. When I taped this series of six videos, I did not realize that this particular one would fall in between Thanksgiving and Christmas. However, I think that this message of building flexibility and margin is even more poignant during this season.
In my mind, this is the season when materialism and faith tend to clash most vividly. We seek to turn our hearts toward ... << MORE >>
When I tape the videos for these weekly blogs, I tape several at a time. When I taped this series of six videos, I did not realize that this particular one would fall in between Thanksgiving and Christmas. However, I think that this message of building flexibility and margin is even more poignant during this season.
In my mind, this is the season when materialism and faith tend to clash most vividly. We seek to turn our hearts toward ... << MORE >>
Transcendent Planning Principles - #2 of 6 (Debt)
Dear Friends,
Financial peace of mind…financial freedom…financial contentment…all of these phrases reflect our desire to be rid of the anxiety that our money decisions cause. We can easily fall prey to our own personal “thought loops” about finances. We replay current or future financial situations over and over in our heads. My wife calls these thinking patterns “tapes” (or should we say CDs or even MP3 files?...) that play in our heads. She often tells younger people to replace an old “tape” with a new ... << MORE >>
Financial peace of mind…financial freedom…financial contentment…all of these phrases reflect our desire to be rid of the anxiety that our money decisions cause. We can easily fall prey to our own personal “thought loops” about finances. We replay current or future financial situations over and over in our heads. My wife calls these thinking patterns “tapes” (or should we say CDs or even MP3 files?...) that play in our heads. She often tells younger people to replace an old “tape” with a new ... << MORE >>
Transcendent Planning Principles - #1 of 6
Dear Friends,
Over the last forty years of giving financial advice, I am consistently grateful to be able to help people who are struggling with financial worries or decisions to simplify their understanding and their plan of action.
Years ago, in the early 1990s, I was asked to testify before a Senate Sub-committee that was meeting to discuss, “Solutions for the New Era – Jobs and Families.” I am not a man who runs in powerful political circles, and I ... << MORE >>
Over the last forty years of giving financial advice, I am consistently grateful to be able to help people who are struggling with financial worries or decisions to simplify their understanding and their plan of action.
Years ago, in the early 1990s, I was asked to testify before a Senate Sub-committee that was meeting to discuss, “Solutions for the New Era – Jobs and Families.” I am not a man who runs in powerful political circles, and I ... << MORE >>
Is insurance a lack of faith?
Dear Friends,
I Timothy 5:8 (NASB ) says, “But if anyone does not provide for his own, and especially for those of his household, he has denied the faith and is worse than an unbeliever.”
In my opinion, this verse makes a strong case for providing insurance for your family. In biblical times, when a father passed away, his oldest son took on the breadwinner’s responsibility. If that father had no son, his brother then undertook the job of taking ... << MORE >>
I Timothy 5:8 (NASB ) says, “But if anyone does not provide for his own, and especially for those of his household, he has denied the faith and is worse than an unbeliever.”
In my opinion, this verse makes a strong case for providing insurance for your family. In biblical times, when a father passed away, his oldest son took on the breadwinner’s responsibility. If that father had no son, his brother then undertook the job of taking ... << MORE >>
Health Insurance when Unemployed
Dear Friends,
In last week’s video about insurance, I referenced one of my wife’s favorite sayings. She often says, “it’s better to have it and not need it then need it and not have it.” When I think about health insurance, I believe very strongly that we all need some form of health insurance. Falling ill while uninsured can add financial catastrophe to physical brokenness.
As I mentioned today, the best way to determine your insurance options is to do research. ... << MORE >>
In last week’s video about insurance, I referenced one of my wife’s favorite sayings. She often says, “it’s better to have it and not need it then need it and not have it.” When I think about health insurance, I believe very strongly that we all need some form of health insurance. Falling ill while uninsured can add financial catastrophe to physical brokenness.
As I mentioned today, the best way to determine your insurance options is to do research. ... << MORE >>
Insurance: Should I have either disability or flood coverage?
Dear Friends:
The topic of disability or flood insurance is a fairly dry one. I can’t say that I’ve had many riveting conversations with friends lately around those two issues. However, considering where your risks exist and knowing the extent to which you are willing to absorb those risks is an important “to do” as a head of household.
In my book with Jeremy White, Complete Guide to Faith-Based Family Finances, I mention that, “the basic purpose of insurance is to ... << MORE >>
The topic of disability or flood insurance is a fairly dry one. I can’t say that I’ve had many riveting conversations with friends lately around those two issues. However, considering where your risks exist and knowing the extent to which you are willing to absorb those risks is an important “to do” as a head of household.
In my book with Jeremy White, Complete Guide to Faith-Based Family Finances, I mention that, “the basic purpose of insurance is to ... << MORE >>
New Healthcare Changes – What Do They Mean to Me?
Dear Friends:
Healthcare costs can be prohibitive. My wife, Judy, and I are both over the age of 65, and we’ve seen a distinct increase in our cost of healthcare over the last several years due to the natural effects of the aging process. Just yesterday, my wife went to two doctors.
It’s not just people who are Social Security age who feel threatened by the rising cost of health care, though. Whether you are a recent college graduate who can ... << MORE >>
Healthcare costs can be prohibitive. My wife, Judy, and I are both over the age of 65, and we’ve seen a distinct increase in our cost of healthcare over the last several years due to the natural effects of the aging process. Just yesterday, my wife went to two doctors.
It’s not just people who are Social Security age who feel threatened by the rising cost of health care, though. Whether you are a recent college graduate who can ... << MORE >>
How much life insurance do I need?
Dear Friends:
In today’s video, I mentioned that there are two critical questions to ask when determining how much life insurance you need. First is, “How much do I need?” Second is, “How much can I afford?”
Answering the first question depends on understanding that life insurance is a tool God gives us to provide for our families in the event of our death. Often, insurance is sold through fear scenarios that emphasize the need for you to protect your ... << MORE >>
In today’s video, I mentioned that there are two critical questions to ask when determining how much life insurance you need. First is, “How much do I need?” Second is, “How much can I afford?”
Answering the first question depends on understanding that life insurance is a tool God gives us to provide for our families in the event of our death. Often, insurance is sold through fear scenarios that emphasize the need for you to protect your ... << MORE >>