November 19, 2018

John Wesley and His Money Decisions John Wesley (June 28, 1703 – March 2, 1791) was a Church of England cleric and Christian theologian who, along with his brother Charles, is largely credited with founding the Methodist movement. He was also a man who taught – and lived – some financial principles which continue to challenge us today. Wesley was — and is — known for these three principles: Gain all you can. Save all you can. Give all you… Read more

November 16, 2018

Oftentimes when I talk about budgeting I hear responses like these: “I get worn out trying to track every dollar.” “It just didn’t work.” “I’m not a numbers cruncher.” “Budgets are just too complicated.” Sound familiar? These are just some of the reasons why we have struggled with budgeting over the years. We would diligently write the numbers on a yellow lined pad, but we just couldn’t make them work in real life. Using a budgeting spreadsheet was always helpful… Read more

October 2, 2018

Creating a Financial Policy Some friends recently dropped by “to talk”. Once the iced tea was served and the four of us were comfortably seated around the dining room table, I turned to Dave (fictional name) and asked, “So tell me. What’s going on?” Dave said, “You know we have been on the waiting list to move into that rental complex. We have some good news…our name is at the top of the list. We met with the property manager… Read more

September 25, 2018

Redefining Retirement The traditional view of retirement — working for the same company your entire career and then retiring to draw a lifetime pension — is a thing of the past. Yes, some government workers continue to retire with paid pension plans, but as states and municipalities continue to fight for survival, these pension plans will also be phased out. To add to the angst, Social Security is scheduled to run out of money within the next 25 years. The… Read more

September 21, 2018

Healthy Boundaries Do you set boundaries? The principle of establishing healthy boundaries is one that has given me the courage to say “no” when yes is the wrong answer.  Hopefully, this message will impact your life like it has mine! Marti had begun to see a pattern in her life. In her words, “When someone needs four hours with me, I can’t say no. But when I need someone for ten minutes, I can’t ask for help. Is there a… Read more

September 15, 2018

Breathing Spiritually and Financially Hyperventilation is defined as over breathing. Hypoventilation is the opposite: under breathing. The first will result in abnormally low levels of carbon dioxide in the blood. The second will result in too much carbon dioxide in the blood. Normal breathing maintains the perfect balance of oxygen and carbon dioxide in your blood, resulting in good health and energy levels. My hunch is that far too many of us either over breathe or under breathe in our… Read more

September 7, 2018

Excuse vs Opportunity Coker Tires is the world’s largest supplier of vintage tires, but it wasn’t always that way. Career coach Dan Miller tells the story of how this company, which started as a traditional service center in Chattanooga in 1958, saw their business gradually erode as the big-box retailers began dominating the competition. In 1974 the owner’s son Corky took over the division of the company that produced vintage tires and saw an opportunity. At that time, only 5%… Read more

August 30, 2018

“Failure and success are polar opposites.” Right?  Isn’t this how most of us think?  Failures, we reason, are painted black while successes are painted white.  They are two diverse paths; paths that will not and cannot intersect.  But we are wrong. Success, I believe, never happens without passing through the path of failure.  Consider: Before Lucille Ball became famous for “I Love Lucy”, she was dismissed from drama school for being too quiet and shy. Albert Einstein did poorly in… Read more

August 27, 2018

Satisfaction with what God has given us How does the phrase “being satisfied with what you have” strike you? I confess that it bothers me. I might be a pretty content guy, but the idea of being satisfied with what I have implies that I shouldn’t be hoping for more . . . a nicer house or a more dependable car or even a fancier cell phone. Could this satisfaction be an indictment against ambition or a mandate for lethargy?… Read more

August 20, 2018

This is a reader question and answer that will certainly not be your exact situation, but hopefully will generate some ideas on how you might improve your financial situation if you are facing similar circumstances. Q: I am 48 years old and have not yet made any plans for my retirement.  I realize that I should have started years ago, so I am anxious to begin investing.  My wife and I have a good income ($7000 a month take home pay). … Read more

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