The Unpopular Truth About the Dangers of a Dave Ramsey Only Approach to Christian Finances

No one wants to write a post like this. It's so easy to be misunderstood and misinterpreted. It also makes me, the author, sound like a grumpy young man. But, something's been troubling me. So, I feel like I must write this post. I'm concerned by the direction Christian finances is heading. To be blunt, I'm concerned about the amount of Christians who allow Dave Ramsey to be the sole … [Read more...]

45+ ‘Two Thumbs Up’ Christian Book Suggestions

A few weeks ago I asked MH4C readers to suggest their favorite books of 2011. Now, we're going to turn that list into some reading suggestions. However, let me begin by saying that this list is not my recommended reading list. I was actually hoping for more overlap so I could pull out some of the most frequently recommended books, but no luck. Craig's Top 9 Recommended Books of 2011 7 Habits … [Read more...]

Who are the Most Influential Voices in Christian Finance?

He asked me, “Who are currently the most influential voices in Christian finance?” I was having dinner with some friends and met someone who asked me the question above.  I gave an answer, but in the end I wondered if I’m the worst person in the world to answer that question. I’ve been living in a cave of sorts. It’s not a literal cave, but I’ve lived outside of the North American … [Read more...]

Should You Follow Dave Ramsey’s Investing Advice?

You probably wouldn’t know it from reading this blog. I’m a huge fan of Dave Ramsey.  However, every time I write about him, it is to critique something he says (like his stance on credit scores).  I have, however, shared three things I really like about Dave Ramsey, and I’m sure there are more. Still, I tend to critique him more than I praise him.  The reason is this: because he … [Read more...]

A Good Credit Score | Do You Buck the System or Play the Game?

Recently my interest in credit scores has been peaked.  I’ve done a little writing around the web on the topic, but not much here. How does applying for multiple credit cards impact your credit score? To be perfectly honest, up until two years ago everything I learned about credit scores came from one source, Dave Ramsey, and he doesn’t exactly have the heart of a teacher when it come to … [Read more...]

Are We Making Minimum Payments to the Poor?

If you are part of a church, can I ask you to consider something I’ve been thinking about lately? Are we, as a church, making minimum payments to the poor?  Or better yet, am I, as an individual, making minimum payments to the poor? All of us know that if you make minimum payments on credit card debt, you are basically just treading water.  When you make minimum payments, the situation … [Read more...]

Debt Snowball Explained | How To Pay Off Debt Using the Debt Snowball

I thought we’d better sneak this post in before it gets too warm – a snowball is always easier to visualize in the winter. Editor’s Note: What a great line, eh?  Unfortunately, I wrote this post months ago, but since it was such a good line, I decide to keep it in this post even though it is now the hottest time of the year. What is the Debt Snowball? The debt snowball is a common approach or … [Read more...]

Pay Off Mortgage Sooner, Invest, Or Save? The Math Analysis

I’ve previously written about this topic – should you pay off the mortgage early or invest – but I realize that post was sorely lacking the math.  Today, I want to take a deeper look at the discussion to give a more thorough answer to the question – should you pay off the mortgage or invest? Watch out! I’m about to unleash the geek inside and let him run some math with the calculator. This post … [Read more...]

Please Put Down the Pitch Fork | Exploring Credit Card Fanaticism

You can call them what you wish.  I call them fanatics. Webster’s defines a fanatic as one who has an “intense uncritical devotion”. In the credit card discussion, I would say that credit card fanatics share these attributes: Have an opinion that they think must apply to everyone else. Refuse to see any possible positive benefits of the other side. Have extremely negative things to … [Read more...]

What Happens to Credit Card Debt At Death?

Every Friday, I answer a reader's question.  If you have a question, you can contact me. I received the following question via email: …questions about family members, their debt and what happens to that debt if they die.  In the US, if parents die with a lot of debt (credit cards etc...) what happens to it?  Are we as the kids going to be responsible for that?  Any insight on this?  First, … [Read more...]