Book Review: The Automatic Millionaire

The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich Bach, David. The Automatic Millionaire. Doubleday, 2003.  *Canadian Edition Summary: Bach suggests average people (middle class) have the potential to retire wealthy if they take a few hours and automate their finances (specifically investments).  If a person sticks with this strategy over a lifetime they will retire … [Read more...]

Aging and the Financial Implications

Everyone around me is getting older.  Come to think of it, I might just be getting older too.  My mum (mum is Canadian for mom) came back from a bookstore with The Merck Manual of Health & Aging.  As I glanced through the book I was reminded of the unique needs we have in our different stages of life.  As those around enter into their senior years of life, it is important that we as a … [Read more...]

Retirement Planning for Christians: Part II

Should A Christian Save For Retirement? If you missed Is it Biblical to Save for Retirement? Part I you can read it here. Did Jesus save? Most Bible scholars agree that Jesus probably did not have an IRA or RRSP.  Yet, Jesus did save money.  I define saving as not spending money now so those funds can be used for a future expense. Saving involves discernment.  Savings happens when we say I … [Read more...]

Is it Biblical to Save for Retirement? Part I

In the context of a discussion about retirement, Matt Dabbs asked the question, where do you find the balance? On one extreme, you have people who work so hard to prepare themselves for retirement that they are basically working themselves out of needing to depend on God. On the other side, you have people who do nothing and then might be a burden on their family. Where do you find the balance? … [Read more...]