Personal Finance: From Credit Scores Reliance to Debt Freedom

Popular teaching about personal finance encourages people to concentrate on credit scores, cheap credit, and credit cards. Essentially, it assumes you will live in debt forever. It does not mention the single, key, controllable element in personal finance—individual choices that decide spending, and lead to financial results. Getting out of debt is primarily a behavioural matter; […]

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Holiday Survival Kit: Getting Through The Holidays Debt Free

Holiday survival kit? Why does anyone need a holiday survival kit? One definition of survival is “to continue to live in spite of difficult circumstances.” Have Chanukah and Christmas become difficult times? For many, they have, although these periods are meant to be times of reflection and celebration. That’s why we need a holiday survival kit. These can be […]

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Unbalanced Life Key To Live As Jesus’ Disciple

Are you aiming to lead a balanced life? Balancing work and family? Maybe, work, family, church, other activities? I strive to live an unbalanced life—that’s right, unbalanced. I know this is counter cultural because, like you, from all sources I hear the balanced life mantra. I think this balancing act was a key reason for the disturbing findings in a December 1983 Princeton Religion Research Center survey conducted for The Wall Street Journal by the Gallup Organization.

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How to Cope with The Severe Onslaught on Wall Street?

Fear and panic consumed Wall Street early this morning giving rise to programmed selling—sales generated automatically when certain pre-set stock prices were reached. Bargain hunters intervened and stopped the onslaught from continuing, and the market recovered some of the losses. The Dow Jones Industrial Average (DJIA), plunged more than a 1000 points in the first six minutes of trading today. It recovered to close down 588.47 points, or 3.6%, at 15,871.28—the lowest level since February 2014. The carnage was similar world wide: the Canadian S&P/TSX 60 was down 3.1%, Nikkei, Japan was off 4.4%, and Shanghai, China dropped 9.3%.

What should you do with your pension and savings that’s fallen 20%, 30%, or more in the past week?

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