3 Ways to Deal With a Declining US Dollar

In the cover article of the April 2011 issue of the Sound Mind Investing Newsletter, Austin Pryor shared stats that indicated that the US Dollar has fallen 14% (when compared to some of the major currencies) since the end of April 2009. You’d think that as a missionary who is paid in US funds I would have already known that, but I guess the PNG Kina hasn’t been hit as hard or I’ve been ignorant … [Read more...]

What Currency is Our Treasures in Heaven?

I was probably in the 6th – 8th grade when the visiting preacher came to our home town. I sat mesmerized as the preacher grabbed a spoon.  You see, growing up in the Churches of Christ we didn’t get a lot of illustrations.  A good sermon would contain 150 different Bible verses.  Occasionally there would be a story or illustration.  But, this was unheard of – a preacher holding a spoon. The … [Read more...]

How to Budget In Multiple Foreign Currencies

Tomorrow I’ll be updating you on a new MH4C schedule, but I’ll let you know this much – every Thursday I’ll start answering a readers question (instead of Friday).  If you have a question you can contact me.  A reader asked: We are also missionaries in PNG (currently on furlough in Canada).  For quite a while we've been wondering if there are any simple-to-use personal finance software … [Read more...]

Forex Trading: 11 Essential Answers to Help You Learn Forex

What is Forex Trading? It refers to the process of trading foreign currencies.  Forex is an abbreviation of the term ‘foreign exchange’. How is Forex traded? The market opens Sunday evening at 5 p.m. Eastern Standard Time and remains open until Friday at 5:00 p.m. EST. Remember, in the world of forex you do not physically exchange currencies.  If you are looking to purchase actual (physical) … [Read more...]

5 Ways To Respond to a Weak Dollar

By dollar, of course, I am referring to the US dollar.  To my Canadian readers, I would advise you to enjoy the return of the strength of the Canadian dollar.  How does a sunny vacation south of the border sound? Let me mention clearly that I am not a global economist. I am, however, a global citizen who watches the trends of several currencies.  Still, I do not know what will happen to the … [Read more...]

12 month 7.75% Certificate of Deposit (CD)

When searching for CD rates we are often concerned about one thing – the best rate.  Certificates of Deposits (CD) can play an important role in a person’s financial portfolio.  In today’s post I simply want to pass along some interesting (I hope) statistics from my home bank – Bank South Pacific, located in Papua New Guinea.  While CD rates in the States are pathetically low, there are locations … [Read more...]