The Single Best Piece of Financial Advice I Can Give

Truly enlightened economic gurus will probably make a case against what I'm going to say. Here's the single best piece of financial advice I can give - seek first his kingdom and his righteousness. Seriously. Some young people are being encouraged to choose careers that pay the best and offer the best opportunity for growth in industries that are emerging. Blahh. Instead, I suggest … [Read more...]

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...]

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...]

The Best Way to Exchange Foreign Currency

Cheapest Way To Exchange Currency The tickets overseas have been purchased, the destinations established, and the kids are excited.  Now you are forced to watch with horror as the US dollar continues to lose its value compared to most of the major currencies.  While you cannot control the value of the US dollar, you can minimize the damage by finding the best ways to access your cash out of the … [Read more...]