Last Week – Real Estate And Mortgages Last week was week 12 and we talked about real estate – buying homes and selling homes. Things we touched on: When selling a home, think like a retailer. When buying a home, think like an investor. Never get more than a 15-year fixed mortgage. Don’t tie up more […]
Personal Finance Bible Verse of the Day: Knowledge
Through wisdom a house is built, and by understanding it is established; and by knowledge the rooms shall be filled with all precious and pleasant riches. Proverbs 24:3-4 If you hope to better your financial situation, it is so important that you educate yourself in ways to improve your position. Whether it is learning about […]
Finances and Personal Responsibility: Who Is To Blame For Your Money Problems?
The Victim Mentality I was reading a post over at Moolanomy.com the other day that really got me thinking about the idea of a victim mentality, personal responsibility and how people handicap themselves by blaming others when they have problems. I think it is helpful to first define when I mean by a victim mentality. […]
Personal Finance Bible Verse of the Day: The Blessing of the Lord
The blessing of the Lord makes one rich, and He adds no sorrow with it. Proverbs 10:22
Credit Crunch to Continue Getting Worse?
This year has been a tough one economically. We’ve had the foreclosure crisis, and now the credit crunch. People are bracing for the worst. Now leading academics are saying that the credit crunch may not be over yet. The deepening toll from the global financial crisis could trigger the failure of a large US bank […]
Dave Ramsey’s Financial Peace University: Week 12 – Real Estate and Mortgages
Last Week – Working In Your Strengths Last week was week 11 in Dave Ramsey’s “Financial Peace University“. Week 11 was all about careers and doing what you love for work. Ideas talked about: The average job in America is now 2.1 years in length. The key to power in our careers is to first […]
Money Quotes to Make You Think
Here is a collection of quotes about money to make you think this Saturday. Have your own? Add them to the comments! If you want to feel rich, just count the things you have that money can’t buy – unknown Money never made a man happy yet, nor will it. The more a man has, […]
Meeting Minnesota Governor Tim Pawlenty
About a week ago my wife informed me that we were going to a political fundraiser for some Minnesota state congressional candidates. I enjoy watching the car crash that is politics in the U.S. as much as the next guy, but the prospect of attending some big dollar fundraiser with a bunch of political muckity […]
Personal Finance Bible Verse of the Day: Don’t make promises you can’t keep
It is better that you should not vow than that you should vow and not pay Ecclesiastes 5:5 A bit of wisdom today from Ecclesiastes… It’s better to not make a promise, than to make a promise and not keep it. Your word is your bond, and if you promise something you need to follow […]
Are You Building Your Credit, Or Just Going Into Debt?
People love to spend money, and they’ll come up with any number of reasons that they just NEED to go into debt. They will tell you things like, “I’m only using this credit card so that I can build my credit!”. Or, “I’m only buying this new car because they’re giving me such a low […]
Personal Finance Bible Verse of the Day: Worry no more
Do not worry then, saying, ‘What will we eat ‘ or ‘What will we drink ‘ or ‘What will we wear for clothing ‘ For the Gentiles eagerly seek all these things; for your heavenly Father knows that you need all these things. Matthew 6:31-32 We’re living in tough times right now, with people losing […]
What Is Your Approach To Investing?
Learning To Invest A while back I talked about investing tips that we learned in our Financial Peace University class. Among the key things we learned was that you should be out of debt before investing (except mortgage), you NEED to diversify your holdings or risk losing it all, and only work with financial advisers […]
Dave Ramsey’s Financial Peace University: Week 11 – Working In Your Strengths
Last Week – From Fruition To Tuition Last week was week 10 in Dave Ramsey’s “Financial Peace University“. Week 10 was all about retirement, education and planning for the future. Key points: Independence in retirement is up to you. Don’t depend on Social Insecurity. Fund college education only after you are funding your retirement. If […]
Personal Finance And Momentum: Keep Moving Forward
The Ebb and Flow of Financial Life I’ve been thinking about my financial life a lot more these past few months, and one thing I’ve been noticing is that there is an ebb and flow when it comes to positive changes, and negative backsliding. Things go in spurts. For example, I recently read up on […]
