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…]

Technology Is Revealing One Big Flaw That Crushes Our Finances

The world is changing rapidly. It’s moving so fast sometimes it feels like your head is spinning faster than the earth on its axis. You wake up one day and say, “Whoa…what happened? How did we get here?”

technologyThe tough part is when we get the sense we are falling behind the times. It’s as though we are hamsters in a wheel – continually running but never catching up.

This rapid change and our pursuit to keep up is nowhere more evident than with technology. And while it has helped create a great standard of living for us I’m afraid it’s revealing one big flaw we’ve yet to conquer.

A Technological Revolution

I think technology is awesome! It has literally shaped the world, perhaps no more so than in the past 150 years. Just think about the inventions since 1850 that have altered life:

[Read more…]

It Is Not a Sin to Buy a New Car

buy a new carIs it ever OK to buy a new car? You won’t find many people advocating that practice. Rather it’s viewed as the cardinal personal financial sin. Anyone considering buying a new car instead of a used one runs the risk of being called a foolish, image conscious over spender.

That’s a tough rap. I don’t want to be lumped into that crowd. But c’mon…is it really that big a deal to buy a new car?

I’ll answer my own question by saying “It depends.”

Buy a New Car: Want vs. Need

I don’t believe anyone can justifiably say they need a new car. There will always be a used alternative to satisfy any life scenario. Even a family of twelve can find a used passenger van on the market.

Clearly a new car is a want and I’m perfectly fine with that. People should not be condemned for wanting something new. My wife and I just purchased our first completely matching bedroom suite this past week after 18 years of marriage. We’ve wanted a new one for a really long time but kid priorities and other financial matters have always taken precedence.

[Read more…]