Creating a debt snowball is my preferred method of getting out of debt. When My wife and I were paying off $46k of debt, we actually didn’t use a debt snowball worksheet, but looking back I think it really could have helped us. If you are wanting to pay off debt on your own, this […]
While I think few would argue that paying off debts is a good thing, there is a better way to accurately see the big picture of your finances. It is called your NET WORTH. And no it is not just a number that rich people talk about at cocktail parties. It is what financially savvy people use to track their progress.
If you are like many, the thought of starting a home-based business has probably crossed your mind at some point. With the economy being what it is, layoffs all around us, and an increasing desire for many to escape the rat race and work from home many are trying to start a home-based business…
Today I want to lay out a few simple money moves you can make to improve your finances. Each one is very different, but all will help you move forward financially. My encouragement to you would be to not just read the list and say to yourself “those are good ideas, I should do that,” […]
Lately, I have been talking to a lot of folks who are heavily burdened by their student loan debts – some of whom have over $100,000 in student loan debt. And while I believe, according to scripture, we are to pay back our debts, if they are forgiven by the lender then we are off […]
Someone asked me to share my favorite free household or personal budgeting spreadsheets… Each one of these budgeting templates are free… If you use OpenOffice (basically a free version of Microsoft Office)…
I am currently reading Your Money or Your Life – which is a great book by the way. And I won’t turn this article into a review of the book since I haven’t finished it yet, but one of the things that I found very valuable the other day was calculating your real hourly wage. It’s not as simple as saying, “I make $400 a week and work 40 hours, therefore I make $10/hr.” When you factor in all the additional expenses of having your job (which some may not be obvious) that you could avoid if you didn’t have that particular job, you begin to see the value in this calculation.
These are my thoughts about my five favorite quotes from Warren Buffett… “Do business with people you like and who share your objectives.”Isn’t there more to life than money? I have met people who I wouldn’t work with for a million dollars, haven’t you? People are people and you will never be completely insulated from people who bug you, but if you are hiring them or choosing to work with them, they might as well be people you enjoy being around.
Last Thursday I was having a really great day. I was getting important stuff done and feeling like I was making some good progress on the day’s goals. My parents were coming into town to visit with us for a few days and the weekend was nearing. And then I got the email. As I […]
A couple weeks ago a very successful friend of mine (Jeff Goins) shared a post on Facebook about how his business was upside down. And how he was personally funding it to pay the team and cover all the expenses. It resonated with me deeply, because coming out of our Sabbatical Year last year, I […]
This article is a call to all of you just out of high-school, just out of college, or in the newlywed phase. It really applies to any ages, but being in your 20s you have the opportunity to avoid so much financial heartache that so many of us “older” folks have gone through because we […]
FREE PDF Download of the 5 Bible verses about money that you can print off. These are the 5 verses that have revolutionized my financial life. Each one of them has had a strong impact on many decisions in my life. I hope you allow them to impact you as well.
How many times have you heard that “money is the root of all evil”? I can’t even keep track anymore. The truth is that isn’t in the Bible. It is a misquoting of one of the most powerful Bible verses about the love of money. 1 Tim 6:10 actually says: “For the love of money […]
To get the most out of this lesson, I recommend watching the video here, but for the Cliffs-notes version you can just continue reading below… The one simple principle that changed my life forever And you probably have already heard it, just like I had for years. But it wasn’t until I finally “got it” […]
I often get asked what credit cards I recommend, or budgeting software, or how I invest. So, I decided to put it all in one place for your convenience and give you a peek inside my wallet as well! Listed from left to right: My Saddleback wallet – love that thing A well-worn photo of […]
The Bible says that Solomon was the richest man who ever lived and also the wisest ever to live (1 Kings 4:31). I think that makes him qualified to give some financial advice
For all the encouraging tithing testimonies that I hear from readers, I occasionally get people emailing or commenting something like this: “Tithing didn’t work for me” “I tithed for a while, but didn’t see results” “I quit tithing because I didn’t notice any change” I have wanted to write this article for a while addressing this, […]
25 ways to save money by not doing what “normal” people do. A lot of money can be saved by thinking “outside the box.”
12 years ago, Linda and I confronted our debt and decided that we were going to pay off our credit card debt on our own (and fast if at all possible). We were determined to make the sacrifices necessary to eliminate it as quickly as possible. We had $46k in total debt (though not all […]
I know when you read a title like “how to travel the U.S. for free” you can’t help but be suspicious. But stick with me on this – if this is new to you, you are going to like it. Over the last 5 years, we have gotten 161 hotel nights and 97 flights all […]