Is the Borrower Really Slave to the Lender?

It’s been a while since I had a good ol’ fashioned accusation of being a heretic, so I thought I’d stir up a little trouble today. “The Bible says it, that settles it”. This is a great statement to live by as long as you’ve done at least a little bit of work to confirm that the Bible says it. I’ve been growing more and more uncomfortable with the common usage of Prov. 22:7.  The passage was … [Read more...]

How To Buy Missionary Health Insurance

Moving overseas, living on a minister's salary, and shopping for missionary health insurance is a brave new world.  There are policy limitations, exclusions, and benefits that are not typically part of Stateside insurance options.  This post will focus on introducing you to the elements that are unique to purchasing and shopping for international missionary health insurance.  While this post … [Read more...]

Wills and Children: Who Will Get Your Money?

Every Friday I answer a reader’s question.  If you have a question, you can contact me. First, I’ll take a moment to brag.  My parents love me more than my two brothers!  They recently revealed that I will be receiving a larger portion of the family inheritance than either of my brothers.  Here is the split: Biggest Brother 33%.  Bigger Brother 33%.  Me- Little Brother 34%.  Ahh.  Joseph, … [Read more...]

Roth IRA and Traditional IRA Tax Implications in Plain English

When deciding between a Roth IRA and a Traditional IRA and the tax implications, you just need to remember one little fact.  You will pay taxes on that money.  The only questions are: when and how. There are other differences, like the IRA withdrawal rules, contribution limits, and income limits, but that is another post for another time.  In this article, we are going to focus on clearly … [Read more...]

Free Wedding Budget Spreadsheet

While the warm summer is often a favorite choice for weddings, some love birds choose to get married in the cold months of winter.  While we’ve already discussed How Much Should You Pay For a Wedding? I’ve yet to give you a resource to help make it happen. For those readers, I have prepared a free downloadable wedding budget document in Excel - [download id="11"]. Free Wedding Budget … [Read more...]

What are the characteristics of the poor, middle class, and wealthy?

There are a whole slew of ways to define if someone is poor, middle class, or wealthy.  The following chart is one of the most helpful resources I have encountered because it holistically deals with many different characteristics between the poor, middle class, and wealthy.  How do the middle class characteristics compare with your own?  Do you related to the characteristics of the poor? The … [Read more...]

Recommended Budget Percentages With Budget Categories

Determining the right budget categories and budget percentages is not a difficult task. One of the greatest budgeting fears is that you might get it wrong.  You fear that your allocation for groceries won’t actually allow you to make it through the month.  Unfortunately, this fear is one that can only be resolved by creating and experimenting with a budget. Another reason folks do not … [Read more...]

Life Insurance | How Much Do You Need?

Photo by Leonid Mamchenkov When it comes to life insurance and other financial decisions people typically try to find a one-size-fits-all canned answer and go with that number.  For this reason online financial calculators are popular.  I am not a big fan of initially rushing off to calculators as they might mislead your conclusions.  Typically when you use a financial calculator (like this) … [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...]