What is happening on global Stock Markets? Large fluctuations in the Dow and other stock exchanges over the past months are causing great anxiety. It’s been a bumpy and costly ride for many. If you plan to invest, don’t gamble or speculate; develop clear goals and plans and be prepared to focus on the long term. Though the market has wild swings, it rises over time; be patient, apply good stewardship to handle God’s money for His glory.
If folks focussed on the ABCs of getting out of debt: attitudes, behaviors, and choices, instead of credit scores, refinancing, and other money related activities, they would find the getting out of debt procedure highly targeted, and less frustrating. Without attitude changes while in debt, you will meander as you try to fix your credit score and debt payments; merely reinforcing Einstein’s comments: Insanity is doing the same thing over and over again and expecting different results.
Your mom’s best friend’s second cousin’s husband, Fred, told your mom that renting a home is a waste of money. As you just got married, your mom passed on this important advice to you. Bury these seven housing myths that lead many folks to a life of perpetual debt.
Consumers continue to fall deeper in debt, while merchants contrive clever schemes to get them spending more. Without a solid offensive plan against merchants, consumers will fall prey to stores’ conniving tricks. Here are three things you can do to defeat merchants…
You are 18-19 years old, ready to enter college, but broke; what do you do? Where do you go for guidance? Must you have a student loan? What are the alternatives?
When the Lord shows you that you should attend college, zoom in, zoom out, decide, secure funding, execute the decision, review your steps as you go, and correct your course as needed. It can be fun!
I hate debt. I don’t distinguish good from bad debt; the best debt is no debt. Moreover, I detest ‘expert’ opinion that debt is inevitable, and so, people must learn to manage good debt and avoid bad debt. Among embedded false assumptions in this view is we can manage debt; however, nobody can, we manage behaviors.
I continue to be amazed at the success rate of the baits merchants use to get people to buy. Often when I counsel folks and point out some of the silly slogans that grab them, they are stunned. The can’t believe they got caught. I think the dumbest sales bait merchants use successfully is this: “The more you spend the more you save.”
Sometimes folks come to my office and ask if there is a quick way to examine their fundamentals to deal with their finances? They continue: “We just don’t seem to be at peace with our finances, especially when we have no debt.” Puzzled, usually, I ask, “Do you mean that you follow a cycle of acquiring, repaying, re-acquiring debt?” Instantly, they reply, “That’s it!” Use this 10 question self assessment checklist to benchmark where they are with your views on handling finances..
Among other things, the Federal Reserve’s Quantitative Easing program, a euphemism for pumping money into the economy, is fueling rising stock markets. This could entice even more folks to invest in stocks because they might see opportunities to ‘make money.’ Beware; before investing, at least, ensure you dispel three popular investment myths, and understand the potential investment’s opportunity cost.
Several firms will say they have the silver bullet for early mortgage repayment. This will excite many folks who will discover later that the only way to accelerated mortgage extinction is sacrifice: folks will have to choose between today’s consumption and early debt freedom; there is no magic wand. People must develop strategies and plans to implement consistently. Here are three obvious, but often overlooked, means to speed up mortgage elimination: