Profitable Ideas: The Word on Money, Life-Improving Micro-Habits, and More
Weekly list of curated personal finance articles from around the web. Why does how we view money matter? (Eternal Perspective Ministries). “The sheer enormity of Scripture’s teaching on this subject screams for our attention.” The most important financial planning recommendation (SignatureFD). When there’s a 100 percent certainty you will need something, you should probably get […]
Dads (and Moms), Teach Your Kids About Money!
I’m passionate about everything that relates to biblical financial stewardship, but I’m especially passionate about seeing today’s young people grow up learning biblical financial perspectives and practices. And the best teachers for that are parents. That’s why I’m thrilled to have been a guest on the Father On Purpose podcast recently with hosts Kent Evans […]
Profitable Ideas: Boomer Money Secrets, Nothing Average About the Market, and More
Weekly list of curated personal finance articles from around the web. How boomers’ money secrets are a ticking time bomb for their kids (Sherwood). Parents, talk with your adult children about your finances—for their sake. Here’s the science behind our stupid money mistakes (Fast Company). How to retrain your brain to do better. How to […]
How’s Your Financial Health?
If you were to take your financial life in for an annual check-up, how would it look? To put it in cholesterol terms, would your LDL (debt) be too high? Would your HDL (savings) be too low? Each year, researchers at the University of Southern California and a group called The Financial Health Network use […]
Profitable Ideas: The High Cost of Changing Jobs, College Rankings That Matter, and More
Weekly list of curated personal finance articles from around the web. Changing jobs can put a $300,000 dent in your retirement (Wall Street Journal). Auto-enrollment retirement plans can give you a very costly false sense of confidence. See also, Financial automation: when helping hurts. Overcoming the emotional impulse to spend (FaithFi). The lies of our […]
The Most Underrated Type of Financial Knowledge
When it comes to managing money, there’s a lot to know. Which retirement savings vehicle is best, an IRA or a 401(k)? Which type is best, traditional or Roth? How much should you spend on a house? But there’s a type of knowledge that’s arguably even more important. Not having this knowledge can cause all […]
Profitable Ideas: Crypto Scams, What Jesus (Never) Said About Money, and More
Weekly list of curated personal finance articles from around the web. Americans lost $5.6 billion last year in cryptocurrency fraud scams, the FBI says (Associated Press). Beware the new online “friend.” The buying power of your credit card points is tanking (Wall Street Journal). Shrinkflation comes for your credit cards. My spending rules (Humble Dollar). […]
What Matters More — Your Spending Rate or Your Saving Rate?
Those of us who write about money for a living can get a little carried away by some of the nitty-gritty details. That seemed to be the case in a surprisingly impassioned debate that sprang up recently over what a person’s higher priority should be—controlling spending or controlling saving. At first, it seemed kind of […]
Profitable Ideas: Buying (Big) Stuff With Friends, The Great Goals Debate, and More
Weekly list of curated personal finance articles from around the web. They bought homes with their friends—and now they want out (Wall Street Journal). Even if selling will bring a profit, will the friendship survive? 8 reasons why college students need to start budgeting now (Christian Money Solutions). They may not have as many categories […]
You Can Afford It, But Should You Buy It?
How well we manage money has much to do with getting some of the big decisions right. How much should we spend on a house? Should we finance a vehicle? Other financial decisions can be simplified by using a Cash Flow Plan and taking an objective look at how much a household of our size and […]