Hope for your financial life and beyond

Should I Borrow Money to Get What I Want?

There is no denying it. Credit is available everywhere. Our cultures screams “Have It Now!” to us at every turn. “Borrow money now to get what you want!” people say.

We expect fast food within 5 miborrow moneynutes or less in the drive-thru.  We want to make quick money for as little work as possible. And we are first in line for the newest technology gadget the day it is released. Simply put, most of the time we can’t wait. We gotta have it.

This “Have It Now” culture has skewed our reasoning ability, in that it has masterfully helped us change our “wants” into “needs.” Our brains have reclassified the things that we desire to have into things that are priorities. And in some cases, our wants are taking precedence over issues that are needs.

So why don’t we just go ahead and borrow the money to get the things we want? Seems like a logical step. However, blindly borrowing money to satisfy all your needs can cause great damage to finances, as well as your mental and emotional life.

[Read more…]

More Money More Problems: The 10 Challenges of the Wealthy

Everyone has money problems, yes, even the wealthy. Nobody likes to hear this though. For one, we get tired of the rich flaunting their wealth. Additionally, we think we’d be OK with some more problems if we could have more money. In general, there isn’t much sympathy for the problems of people with a lot of money.

The problems of the wealthy may not be the same type of problems that someone living paycheck to paycheck has. They don’t have to deal with a mountain of school loan debt. They can pretty much pay for healthcare costs out of pocket. But their problems exist nonetheless. Having more money doesn’t isolate a person from having more problems.

more money more problemsI don’t consider myself rich by any means. I’m not even sure how to accurately define whether someone is rich. What net worth number does a person have to reach before they are considered wealthy? $1 million? $5 million? $10 million plus?

I would consider someone with $10 million in net worth to be rich. If they had all that money in cash, they could retire and live off $200,000 a year for 50 years. That sounds rich to me.

I’ll never reach the $10 million dollar plateau. But my wife and I have come to the point in our financial lives where we are worrying less about money. While we don’t struggle with putting food on the table, I have noticed other problems creeping into our lives as our net worth has increased. It got me thinking about the money issues of the wealthy and what they might be dealing with on a personal level.

We haven’t experienced most of these. But I’ll admit a few of them shake me on a small scale.

[Read more…]

The Bribe That Fueled the All-Time Greatest Easter Myth

easter mythMoney is at the heart of many cover-ups. Flash enough cash and some people could be encouraged to keep quiet. Make that sum of money big enough and they could even be persuaded to promote lie, even manufacture the greatest Easter myth ever created.

We would call this type of gift a bribe. It’s money given so that you act in someone’s favor – usually in a dishonest or illegal fashion.

Bribes have been given in different circumstances throughout history to conceal an action or advance an agenda. In one instance, a bribe was used to push an Easter myth that continues to be believed by many to this day.

[Read more…]

17 Psalms of Comfort for When You Are in the Storm

The storms of life come in all shapes and sizes. For instance, some are literal storms like hurricanes and tornadoes that ravage communities. Others come in physical or emotional illnesses like cancer, viruses, depression or anxiety. And still other storms come as a result of day-to-day circumstances like losing your job, being in an accident, having a loved one pass away or having a friendship fall apart. It’s in these times we can look to the Bible, specifically for psalms of comfort.

psalms of comfortI don’t know if King David ever endured an actual storm from mother nature. But it’s obvious from reading the Bible that his life was filled with many personal storms. For starters, his brothers disliked him. Additionally, a jealous King Saul tried to kill him on more than one occasion. His own son Absalom attempted a coup against David’s throne.

David even battled his own personal sins. And sadly, he had to watch as one of his son’s died in infancy.

Yet through all the pain and loss, the Bible describes David as a man after God’s own heart. In fact, David often looked to God for comfort during the difficult times. And really it makes sense for all of us. Who else can we look to when all is or seems lost?

 

[Read more…]

5 Practical Ways to Save Money When Renting an Apartment

Renting an apartment can be quite a challenge. Whether you are moving out of the house for the first time, trying to cut housing expenses, or simply looking for a short-term housing option, there are many things to consider. Perhaps front and center of all the considerations is price point. How will you fit the apartment expense into your monthly budget?

renting an apartmentLiving on a budget while renting an apartment requires planning and dedication. From drafting the monthly spending plan to minimizing your expenses, there are many details to finalize if you want to save money. 

However, with careful planning and a touch of financial savviness, you can save money without sacrificing your lifestyle. To help you with that, here are 5 practical tips that will help you save money when renting an apartment. 

[Read more…]

15 Bible Verses About Helping the Poor You Need to Know

“…For the poor will never cease from the land…” – Deuteronomy 15:11. This is one of many Bible verses about helping the poor, a major theme within the Bible. Jesus famously said in Matthew 22:39, “You shall love your neighbor as yourself.” This statement can best applied in how we treat the poor.

bible verses about helping the poorDeuteronomy 15:11 says that the poor will always be with us. The world cannot escape it. We can try through economic and political systems to pull people out of poverty and create an environment where they can better themselves. But even the best system that leads to prosperity for many can’t reach everyone.  There will never be an instance in this present life when someone somewhere isn’t experiencing poverty.

Because of that, we should consider all manner of ways in which we might go about helping the poor.

God clearly has a special place in his heart for the poor. His words about the poor are littered throughout the pages of the Bible. So today, we are going to look at 15 powerful Bible verses about helping the poor that show us how we might best meet their needs.

[Read more…]

Money Flow: 8 Tips for Getting Paid Faster as a Freelancer

Have you ever thought about becoming a freelancer? I was for a time, writing blog posts and articles for various websites. I really enjoyed it and and it was quite beneficial. 

freelancerWhen you’re just starting out as a freelancer or you’re in business by yourself, how quickly you get paid for your work is crucial. Your company’s overhead and your personal livelihood all depend on you. You can’t be sitting around for weeks once the work is done wondering what is going on and waiting for the money to roll in.

Staying busy is one thing, but if your invoices aren’t getting paid timely, it doesn’t matter how much work you have. You’ll end up being frustrated and not enjoying the freelancing lifestyle. 

So, to increase your money flow and ensure prompt payment, follow these 8 tips.

[Read more…]

Give Money and It Shall Be Given Unto You? (Luke 6:38)

“Give and it shall be given unto you; good measure, pressed down, and shaken together, and running over, shall men give into your bosom. For with the same measure that ye mete withal it shall be measured to you again.” – Luke 6:38

give and it shall be given unto youI’ve spent a lot of time cataloging all the Bible verses about money. I started this site years ago so that I could share what I learned about money from reading the Bible. There are literally hundreds of verses that give us positive instruction and warnings about the proper use and abuse of our money.

Unfortunately, individuals and churches have misinterpreted many verses in the Bible about money. It’s easy to do. Sometimes the verses are actually hard to interpret. Other times however, people do it to promote an agenda. In other words, people use these verses to teach and promote a message that isn’t there.

Of all the verses in the Bible about money, people abuse Luke 6:38 probably more than any other verse. It reads:

“Give and it shall be given unto you; good measure, pressed down, and shaken together, and running over, shall men give into your bosom. For with the same measure that ye mete withal it shall be measured to you again.” (KJV)

Why misinterpret this verse so much? Because many have chosen to believe or teach that this verse means you can profit financially from giving. Let’s look at why this is incorrect.

[Read more…]

Interview with a Centenarian: At 100, My Grandfather Reflects on Life, Faith and Finding Purpose

Oh, to be a centenarian – 100 years of living. It’s simply amazing! Most of us would settle for 80% of that. It’s hard to fathom the changes and life events someone born in 1914 has experienced.

centenarian

Byron Miller – Preaching at 100 years of age

What will you be up to at 100 years of age? My grandfather, as shown in the picture, preached a sermon the day after he turned 100. His challenge to those who listened:

1. Practice Gratitude (be thankful)

2. Express Certitude (in the things of your faith)

3. Develop Fortitude (build the power to endure)

And he played his guitar and sang a short chorus at the end. The song’s message – “Just a little bit longer Lord…just a little bit longer.”

Not a dry eye in the house.

In the weeks leading up to his 100th birthday, my grandfather was kind enough to answer some questions about his life. I’d encourage you to take five minutes to enjoy this thought provoking read about a man who has experienced the Depression, the loss of siblings, financial challenges, joys and regrets and 60+ years of ministry.

Q & A With a Centenarian

1. What is the most amazing thing you have seen in your lifetime? Why did that stand out?

[Read more…]

The Most Important Reason You Do Not Worry About Tomorrow

You’ve probably heard it said at some point, “Hey, do not worry about tomorrow. Focus on today and let the future take care of itself.” That’s not bad advice really. The older I get the more I’m realizing why.

do not worry about tomorrowWe all have things that affect our actions from day to day. Things we’ve done in the past affect us in the present. Things we are doing in the present affect us in the present. And believe it or not, things that we will do in the future affect us in the present even though they haven’t happened yet.

You may be thinking, “How could that possibly be if those events have yet to occur?” Well, it’s not the event per se that affects us. It’s how we think about those yet-to-happen events and how they lead us to worry about them.

Of those three time lines – past, present and future – I think the future one has the greatest potential to stop us in our tracks. Here’s how.

Why You Do Not Worry About Tomorrow

[Read more…]

Borrowing Money with Bad Credit

If you have made some wrong financial choices in the past, that doesn’t mean that you shouldn’t be given a second chance and a way to get back on your feet. And it doesn’t mean no one is willing to do so.

Conventional lenders such as banks or credit unions might decline candidates with poor credit reports because they don’t consider them trustworthy. Even a secured loan may be out of the question. Direct or online lenders may be more open to approving your application, but their terms won’t always be most favorable.

Here are some options to consider if you have bad credit and are looking to take out a loan.

[Read more…]