Hope for your financial life and beyond

What Good Is Freedom When You’re Told What To Do With It?

U.S. Constitution - We the PeopleIn the fall of 1620, a group of 102 passengers sailed from the coasts of Western Europe across the Atlantic. Their journey was filled with danger as they traveled in a craft none of us would dare think of sailing today. Much like the courageous astronauts of the 1960s, they faced considerable danger and extreme conditions as they pioneered into an unknown and mysterious world.

Colonies had been established before in the New World but none for such a reason as this. The purpose of those earlier establishments in the Caribbean, and more recently in 1607 at Jamestown, had simply been about wealth creation – find the riches of the new land and return them home for the glory of the mother country.

Simple. Materialistic. Focused.

While some on the Mayflower sought economic prosperity, there was a group aboard interested in something much deeper and profound than the accumulation of wealth. These were known as the Separatists who were fleeing religious persecution inflicted on them by the Church of England. The church in that time controlled religion, dictating to the people how, when and where they were to worship. Choose to worship in a way the church forbid, and you would face severe punishment.

So faced with bigotry and religious intolerance, they fled to a new world with the hopes of fulfilling the one deep desire burning in their hearts…the freedom to choose.

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There’s a Robber Stripping You of Wealth

Hidden Nuggets #19 – “A little sleep, a little slumber, a little folding of the hands to rest; So shall your poverty come like a prowler, and your need like an armed man.”  – Proverbs 24:33-34 ID-10074458

Robbers are all of a sudden a common topic for my 5-yr. old son. Several weeks ago his well-intentioned 7-yr. old sister informed him that there are people who sometimes come and steal little children away. She’s trying to help him be wary of strangers.

Now all the shadows in his room at night have him worried. A little bit of fear has crept into his mind. He is realizing, perhaps for the first time, the world is not altogether safe and he’s worried about being separated from his family.

However, in his unsettled frame of mind, he is forgetting all the elements we have put in place at our house for his protection. Dead bolt locks on the doors. The monitored security system. Two skeptical dogs that bark at ANYTHING! An equalizer locked in the gun safe.

We’ve taken measures at our home to protect ourselves from thieves. We have also taken measures in our personal lives to protect ourselves from ever experiencing poverty. That’s a place we never plan to go, mostly because we are not letting ourselves become vulnerable to it.

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Beauty and Function From a Beast

Dining Room Cabinet

A cabinet base and top, bought separately at auctions, molded together into one.

Have you ever experienced an embarrassing moment because you or someone in your family was trying to do something frugal?

Like…I don’t know…your father gets a swing set from the dump that is missing the A-frame support on one side. To support it, he bolts the end with the missing side to a tree in the backyard so you can use it. (That’s a true story…on my wife’s side.)

The base of this beautiful cabinet that sits in our dining room had real ugly beginnings. It was so ugly in fact, that my mother wanted nothing to do with it. You can see how bad it was by clicking “Continue Reading” below.

Then head on over to my guest post today at Frugal Rules to read about how I helped make an auction purchase of my dad into an embarrassing frugal moment.

Do you have an embarrassing frugal story?

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The Futility of Being a Well Rounded Person

a well rounded personI used to think the best way to achieve big-time personal success was to be a well rounded person, with knowledge and skill spanning many different areas. I’d become the Cliff Clavin know-it-all type, the person who could be plugged into any situation to give advice or help facilitate a positive outcome.

By being a well rounded person, jack-of-all-trades type, I would become indispensable and people would flock to me for advice and counsel.

Isn’t this philosophy what our school systems promote through the curriculum track? A student with exceptional talent and designs on a career in science must still take general education classes in English and social studies, perhaps even a foreign language. Those classes serve some but not much purpose in relation to the students desired outcome, which is to meet the requirements for graduation.

This post isn’t about the challenges in the educational system. I’ve been involved in education for 15+ years, so I understand the value of having students touch the various fields of study. We would be doing them a disservice if they didn’t have some basic math or grammar skills by the time they finish school. But how much math does the average graduate really need to be functional in society, especially when it comes to managing their financial life?

They basically need to know how to add and subtract so they can balance a checkbook.

What I’m suggesting here is the notion of being a well rounded person only serves to generate mediocrity. Being a jack-of-all-trades means I’m a master at none. Who wants that? I’d rather work to become awesome in a few things instead of average at many, wouldn’t you?

A Well Rounded Person or Awesome Person?

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Revisiting Why I’m Here at the 200th Post: The Luke1428 Value Proposition

I didn’t anticipate this journey. Three years ago writing on a blog wasn’t just the last thing on my mind – the thought didn’t even reside in my mind. Blogging was a foreign land I knew nothing about.

Yet, here I am today, almost 18 months and over 143,000 written words into this endeavor, publishing my 200th post. In that time span, there have been many personal finance blogs that have pumped out more content on their sites than I have on mine. I’m not jealous of that fact but rather feel exceptionally pleased with my progress, considering I’ve been doing this part time.

I still have a lengthy road ahead though to become an awesome blogger. That’s my goal. I consider today’s post a valuable step in that direction.

Humble and Clueless Beginnings

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Stealing From Your Employer

Hidden Nuggets #17 – “Let him who stole steal no longer, but rather let him labor, working with his hands what is good, that he may have something to give him who has need.” – Ephesians 4:28

stealing from your employer

You gonna pay for that?

Your employer needs your hard work to benefit the company.

That’s why they hired you. The company was looking to fill a void so it could make a profit. Something about you stood out.  Match made in heaven.

They believed in you…trained you…even facilitated your success by assigning tasks that would maximize your skills.

So why are you repaying that generosity by stealing from your employer?

Stealing From Your Employer Actions

“What? Me? I would never think about stealing from my employer.”

Most wouldn’t. But before you dismiss the question, have you ever done these things at work:

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I’ll Take Money Over Love. Would You Ever?

Hidden Nuggets Series #14 – “…and every one of us will give you 1,100 pieces of silver.” – Judges 16:5

money over loveWhat values would you betray for money? Would you take money over love? Would you lie or steal if you had a 100% chance of striking it rich?

Would you abandon your morals for one million dollars? Would it make a difference for $10 million? $100 million?

Even thinking about that question makes us feel dirty. We try to convince ourselves it would be impossible to forsake our core principles and beliefs for money. Deep inside, however, we know there would be serious temptation, especially if our financial situation was dire.

Such is the nature of our humanity.

Of course the scenario I set forth Hollywood has already made into a movie – the 1993 not-so-critically-acclaimed drama Indecent Proposal. (Kids need not apply to watch!) It’s not an original story line however, because the theme of someone taking money over love dates back much further than that.

She Took Money Over Love

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I’m Running Naked and Loving It

Hidden Nuggets #14 – “…let us lay aside every weight, and the sin which so easily ensnares us, and let us run with endurance the race that is set before us…” – Hebrews 12:1

running nakedHistorians describe a revealing practice among the ancient Greeks. Apparently it was common for athletes participating in distance races and other athletic events to wear no clothing. That’s right…au naturel. Debate continues as to when and where this first occurred. The idea behind it however is clear – remove all encumbrances so the body can perform at peak efficiency.

How times have changed…thankfully!

Last Saturday when I completed the Baltimore Marathon, I did so with over 3,000 fully clothed marathoners.  However, many of them were “running naked,” including myself. How’s that possible?

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5 Purchases I Refuse to Skimp On

skimp on Today we are all about spending money here at Luke1428. I know that’s quite a departure from what you might expect from a website devoted to guiding people towards financial freedom. Practicing frugality with our budget will help us pay off debt and create wealth over the long-term. However, are there times when it’s OK to splurge, to spend more money on an item than we otherwise could?

From my own experience I know there are times when expenses need to be slashed in order to make the budget work. Doing so means great sacrifice, usually at the cost of us missing out on certain things we would enjoy. Although I’m conscientious about our spending plan, I’ve come to realize over the years, through trial and error, that there are certain purchases I absolutely won’t skimp on.

“Skimp on.” That’s a funny phrase. When used as a financial term, it basically means to cut back, to economize on or to be stingy with. In other words, spend less than we could in a given circumstance. I’m a “skimper” in many situations, just not on these five items.

I Will Not Skimp On These…

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That Moment When You Question Your Goals

Baltimore Marathon

2013 Baltimore Marathon finishers medal

Mile 18.

I’m deep in the heart of the most difficult portion of the Baltimore Marathon. My pre-race plan has worked to perfection, with two hours and thirty minutes of patient, steady running behind me. Just ahead though, I’m about to face multiple lengthy inclines, the kind that cut into your pace and can punish a runner late in the race. My legs feel good but I’m not looking forward to these climbs.

Every runner has to endure moments like this. It comes with the territory. There is no way I’m stopping with my goal of a sub-four hour marathon clearly in reach. I’ve been intensively training for the last four months and I’m not letting all that effort go to waste.

As a former psychology major, I’ve always been intrigued by our mind. What is it about the circumstances of the moment that trigger unusual, creative or bizarre thoughts? We think of things at the strangest of times. And as I began a slow and arduous climb in mile 19, I experienced this phenomenon, thinking of something I hadn’t dwelt on in a long time.

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I Need Patience Now!

Hidden Nuggets Series #13 – “…let us run with patience the race that is set before us…”   Hebrews 12:1

ID-10061781The words found in the above verse are fitting considering the incredible task I face. At 8:00 AM tomorrow, amidst the coolness of the morning and the likelihood of rain, I will attempt to complete the Baltimore Marathon in 4 hours or less. I set this crazy goal back during the first weeks of January and the moment has finally arrived.

It’s about time because I hate waiting.

And when the gun sounds and the early stages of the race begin, I will again fight my ongoing battle with patience.

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