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...]

Internet in the Jungle – Amazing: Roundup

This picture was taken across the bay from Alotau – my hometown.  The buildings at the base of the mountain are in Alotau.  Our family just returned from a nice relaxing vacation at Ulumani Village.  The simple cottage is nestled in the thick forest of the Milne Bay Province.  For a few hours a day a generator provides the necessary electricity for lights, fans, and … [Read more...]

Solution to Poverty? Is it Money?

For the last three years I have been living in Papua New Guinea (PNG).  Here are some quick facts to familiarize you with the economic condition there.  The remainder of this post focuses specifically on issues of the poor related to third world countries like PNG. 85% of PNG citizens are sustenance farmers.  This means they live off of what they grow in their gardens. The majority of homes … [Read more...]