What Romans 13:8 Teaches About Financial Debt

Let no debt remain outstanding, except the continuing debt to love one another, for he who loves his fellowman has fulfilled the law. (Romans 13:8 NIV) This week someone very kindly, politely, and respectfully challenged me to rethink my position on debt and credit cards.  Her belief is that when one uses a credit card (even if it is paid off every month), she is in debt.  Romans 13:8 was one of … [Read more...]

4 Debts You Should Try to Avoid

Excessive use of debt can be a major hindrance to your financial independence. Although sometimes unavoidable, here are four debts you should try to avoid as much as you can. Credit Card Debt Most of our debt problems come from the overuse or misuse of credit cards. Here are some interesting stats from the Federal Reserve's latest Survey of Consumer Finances for 2007. 46% of families have a … [Read more...]

Should I Pay Off My Mortgage or Invest?

Beware, financial geeks. You’re not going to like my answer to the question, "Should I pay off my mortgage or invest?"  Not to worry, I've since gone back and added the math analysis regarding paying off your mortgage I’m making a few assumptions as I begin this post. Pay Off Mortgage or Invest?  Starting Assumptions If you’re asking this question, you’re in great financial shape. All … [Read more...]