Hope for your financial life and beyond

Is a Liberal or Conservative President Better for Your Money?

It’s President’s Day, 2016 and it’s also an election year. America will again be choosing a liberal or conservative candidate to be the next President. We won’t know our choices until the primaries are finished but it will once again be a knock-down, drag-out fight all the way to the November elections. And well it should be – a lot is at stake.

liberal or conservativeThere are many issues on either side of the political spectrum that attract people to the liberal or conservative cause. I’m sure you have a worldview or pet issue that draws you in one direction or the other. Our differences are both a strength and a weakness, propelling us forward at times and hindering us at others.

One area though where the American electorate can find common ground is this: we need money to manage our lives. I don’t see how you can argue with that statement given the nature of our society. Money functions as a tool for living. The more of it we have, the better off we are when it comes to running our day to day lives.

So during an election year is a good time to ask, “Which philosophical viewpoint – liberal or conservative – gives me the best chance to succeed with money?” Whoever becomes the next President will surely promote his or her agenda to the American people. Their views about money, economics, businesses, taxes and foreign affairs will have a dramatic impact on our pocketbooks. Not that you should only vote based on your wallet but it is a major factor to consider.

To answer the question, I’ll start the only place I know – with the actual viewpoints.

Liberal or Conservative Worldview on Money?

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How to Stop the Money Problems in Your Marriage For Good

Are you finding yourself having the same money problems over and over again in your marriage? Tired of fighting with your significant other about money? Well, you are not alone. Money problems consistently ranks as one of the top reasons marriages end in divorce.

money problemsThis should not be surprising to anyone. The big priorities of life such as shelter, food, transportation, careers, education, healthcare and retirement all have money affixed to them as a central core element. Whenever a major life decision has to be made it almost always involves money.

Then when all the minor day-to-day decisions get thrown into the mix, it becomes clear money is at the core of almost everything we do.

I’ll admit when I first got married I wasn’t prepared for the challenges money decisions would create. I thought we could just out-earn whatever expenditures we wanted to have. The more money we could make the more we could get. I thought, “Money problems? We’ll never have them.”

Nor was I prepared for how each of us would bring into the relationship different backgrounds, personalities or opinions. Money is enough to create problems in and of itself. Mix in those three variables and a marriage could be headed for a host of money problems.

The more conflict that comes with money problems, the more discouraged couples get. Every discussion seems to lead into a fight with both parties not listening to the other and becoming more entrenched in their own beliefs. Before long, they are questioning whether or not they are meant for one another.

It’s such a common scenario but it doesn’t have to be this way. Couples can take steps to solve their money problems and live in harmony together.

Steps to Cure the Money Problems

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10 Last Minute Gift Ideas For Him This Christmas

Do you have trouble shopping for that special guy in your life? Let’s face it, men are tough to shop for. It’s not easy to crack our code and find out what we’d really like to receive as a gift.

last minute gift ideas for himWaiting until the last minute to shop of course adds even more pressure. You’ll probably panic and end up buying him some socks. Not that we wouldn’t appreciate it – we’ll love any gift we get (or at least pretend to love it). In the interests of helping my men-fellows though, here are some last minute gift ideas for him that we’d appreciate even more.

Last Minute Gift Ideas For Him

Of course you know your man best. Some of these last minute gift ideas for him may not work. Additionally, you may have financial limitations that prevent these purchases. But I’m pretty sure, if you can afford it, he’ll absolutely love these items:

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Cheap Christmas Activities for Kids to Cure the Boredom

Several weeks ago my kids had several days off for Thanksgiving break. Within two hours of being home from school they were showing signs of boredom. I guess being out of their natural school routine was a shock to their system and they didn’t know what to do. Sound familiar?

christmas activities for kidsIt occurred to me that a more serious situation would be coming up soon – two weeks for Christmas break. Yikes! What Christmas activities for kids could I find to keep them from being bored out of their mind for that length of time?

Really it’s only the first week of break that is a concern – the week leading up to Christmas. So that’s five days or so that I have to keep them busy. After the 25th – with all the presents they receive – they usually have enough to occupy their interest and keep them busy until they return to school.

Of course I will grant them a small portion of their time to watch some TV and play video games. They’ve earned it with all the hard work they’ve put in at school. But I don’t want those two activities to take up the majority of the day.

And I certainly don’t want to be spending a lot of money on activities seeing how we are already spending a lot for gifts.

So here are some Christmas activities for kids I’ve come up with and will do my best to implement over that first week of Christmas break. I don’t know how original these are but by golly my kids are doing them. I don’t want to hear them whining about being bored.

Christmas Activities for Kids

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Why I’m Thankful for First and Second Chances

We’ve all had moments in life when we were granted first and second chances even though we probably didn’t deserve it. Remember how that first big break felt – that first chance to show the world what you were made of? Perhaps it took years to break through and secure it. If you are like me though that first chance to prove yourself happened fairly early in life, sometime in your 20s.

second chancesThere is no logical reason why anyone would give a person in their 20s a chance. Generally speaking, 20-somethings have no money, no experience, and no patience. They are idealistic to a fault, thinking they alone hold the key to changing the world. They disdain the older generation(s), thinking they are pessimistic, set in their ways and out of touch with contemporary culture.

Of course I’m exaggerating with this characterization. Many 20-somethings are not like this. I sure was though even though it may not have appeared so to those around me.

Yet someone still gave me a first chance.

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10 Can’t Miss Warren Buffett Quotes On Life and Money

warren buffett quotes on lifeWhere do you seek out sound advice?

Your parents?

Friends at work?

A counselor or pastor?

The Bible or other religious literature?

As I see it, the problem with a lot of advice is threefold:

  • It’s not actually helpful…
  • It’s given by someone who has a damaging, personal life issue that clouds their bias and…
  • It’s coming from a person who has an alternative agenda (i.e. they are driving you to a decision that benefits them)

This makes it extremely hard to find advice that you can run with. Put the wrong advice in your head and hands and the results could be disastrous.

When it comes to money, perhaps no businessmen and investor has achieved more in his lifetime than Warren Buffett. From humble beginnings of selling chewing gum, Coca-Cola and magazines door-to-door as a kid, he has become one of the wealthiest men in the world. People pay money to sit at his feet for a few minutes so they can pick his brain about life and money.

So when I ran across some Warren Buffett quotes on life and money awhile ago, I couldn’t help but pause and reflect on how I felt about a few of them.

Famous Warren Buffett Quotes On Life and Money

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Attention 9th Graders: Some Focus Right Now Will Make You Rich

Thought I would perform a public service announcement today for the freshman out there starting high school this fall. I don’t have any good tips on how to avoid getting stuffed in your locker or fighting off that wedgie as you change after gym class. You might just have to endure those things…such is the right of passage into high school.

dissecction in biology

Focus – Work Hard – Be Rich

What I’d rather do is snap your mind into place as you start taking classes and get you thinking about the future.

Sound boring? Listen, I get it. The last thing you probably want to think about right now is studying for a literature test. And those Algebra I problems…ugh! When are you ever going to use that in real life?

I’m not going to try and convince you of the practical uses of Algebraic principles once you graduate high school. What I do want you to know is that your approach to Algebra (and all your other classes) has huge implications for your future. In fact, what you do right now – this 9th grade year – could eventually make you rich.

The Two Biggest Challenges of High School

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How to Invest 1,000 Dollars at Age 18

I recently had a conversation with a former student of mine who is looking to invest in the stock market. He’s in college now and has some money sitting around that he doesn’t need for school. He wanted to know how to invest 1,000 dollars or more at this stage of his life and whether it was realistic or not.

how to invest 1,000 dollarsHis situation is similar to what many 18-year-olds face. They’ve worked full-time summer jobs since they were 16 and maybe even part-time ones during the school year. Their college expenses are taken care of either through scholarships or the bank of mom and dad. The money they have earned is just sitting in their savings account drawing little to no interest. Does it make sense for them to do something else with it, like beginning to invest?

The answer is “YES…Absolutely!” but with a very big BUT.

Before I get to the BUT though lets look at some assumptions about 18-year-olds that are going to impact how they invest and where they put their money.

Assumptions About 18-Year-Olds

While not true for all, these generalizations pretty much highlight what most 18-year-olds are going through:

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Why Parents Should Never Give Kids Money for Good Grades at School

Parents (and now some schools) have often given money for good grades as a tool to motivate their kids to do well in school. During my years as teacher and principal of a private Christian school, I knew about it happening at all levels, from kindergarten through high school. The rates I heard varied from $5 – $100 being offered by parents for kids earning A’s in a class.

money for good gradesYes…that’s $100 per A…per semester.

Start calculating that out over 6 or 7 classes and it makes me want to go back to school. Seeing that I was a straight A student I would have made a killing.

Some parents had higher standards that required their child to get A’s in all classes in order to receive any money. The theory behind that approach is to develop a well-rounded child who excels in everything. Make them work hard in every class to get rewarded.

Neither of these options ever felt right to me. So early on my wife and I decided we would never give our kids money for good grades. Here’s our reasoning and what we chose to do instead.

Why We Are Not Giving Money For Good Grades

The biggest reason we do not give our kids money for good grades in school is…

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Why I’ll Cherish Every Moment of the Next Four Years

It’s a Milestone Monday of sorts at our household. Today at 7:45 I’ll be dropping off our four kids for their first day of school. That may seem ordinary but it’s not the start of just another school year for us. This year is a bit more special.

hourglassOur oldest daughter Kelly is entering high school.

14 years down.

4 more to go.

Four more years until…

…she likely moves out for the first time.

…she doesn’t regularly join us at the dinner table.

…she isn’t in our home church each and every Sunday.

…she really learns what it’s like to depend on herself.

…we face the college tuition bill (oops, sorry…that’s a tangent of thought for another day).

I used to not care about this stuff. When she was two, high school and college seemed so distant. I’d find myself in circles of older parents who would say, “Cherish these moments because it will fly by so quickly.” I’d politely nod at their exhortation and think, “Sure, sure…I won’t miss anything.”

Now I wonder where all the time has gone. Why did it happen so fast? How can it be 14 years since my first child was born?

Ironically, now I’m the older parent sharing the value of cherishing time with those just getting started on the journey.

Everything Has Its Time

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How to Protect Your Child From Identity Theft

Most adults realize the dangers of identity theft and take reasonable steps to protect themselves. However, did you know that child identity theft is a growing problem? In fact, The Center for Identity at the University of Texas at Austin estimates that a child is 35 times more likely to have their information stolen than an adult.

So why is a child’s identity so attractive to a thief?

3 Reasons Children Are Targets For Identity Theft

identity theft cartoonFor starters ­a child’s Social Security Number (SSN) is clean. The chance to obtain an untainted SSN that has no credit history or credit problems is very attractive. It is significantly easier for a thief to combine a child’s unused SSN with a new name and address.

Another issue is that securing a child’s SSN is also much easier. In many circumstances the culprit ends up being a family member or another person known by the family.

Social security numbers can be found in public spaces such as a doctor’s office, school, and on forms at athletic recreational leagues, clubs or other organizations. We’d like to trust the workers at those locations who set eyes on the forms that contain our kid’s information but some have used their position to gain access to SSNs.

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