What is Google Wallet?

Last updated on: May 26, 2011 at 7:29 pm By Tim

Google introduced a revolutionary payment system today called Google Wallet. The geniuses at Google created a way to turn your phone into a wallet. Launching in summer 2011, Google Wallet will allow you to tap and pay with your phone using NFC or near field communication. Google Wallet lets you store your credit cards, special offers and coupons, rewards information, loyalty cards, and gift cards all within your phone. In the near future, items like theater tickets, boarding passes, IDs... Read more

Total Money Makeover Giveaway!

Last updated on: May 25, 2011 at 7:00 am By Tim

I remember when I discovered Dave Ramsey through a podcast. My friend was telling me how great his radio shows were, so we listened to them on a ride to Chicago. Six hours later, we were still going through his podcasts… I was hooked! That was quite a few years ago, and I’m sure you’ve heard of Dave Ramsey by now. In fact you’ve probably even read his book Total Money Makeover. For those who haven’t read it, let me... Read more

Why The Minimum Wage Is Harmful

Last updated on: May 24, 2011 at 7:00 am By Tim

As with many laws imposed on the economy, the outcomes and incentives created can differ from the original hopes and intentions of those creating them. Such is the case with the minimum wage. The harmful effects of the minimum wage laws are often masked by the claims that minimum wages help the worker and create a fair wage. The reality is that a minimum wage is actually harmful to workers who are younger, less educated, and in a minority ethnic... Read more

Debt Is Not The Problem

Last updated on: May 23, 2011 at 7:00 am By Tim

I revisited Dave Ramesy’s book Total Money Makeover recently, and came across a quote that really caught my attention. Dave quoted Larry Burkett of Crown Financial Ministries saying “Debt is not the problem, it’s the symptom.” It really is true! Debt happens when we give in to buying more than our income can provide – it’s that simple. Debt consolidation and extension programs mask the symptom; those things don’t solve the true reason why we get in debt the first... Read more

What is an IPO?

Last updated on: May 20, 2011 at 7:00 am By Tim

In the world of investing, the term IPO gets tossed around quite often. Those letters stand for Initial Public Offering. It basically means that a company is offering shares of its stock to the public for the first time. This is why the term IPO is often used when talking about a company that is ‘going public.’ Private vs. Public Companies The basic definition between the two is centered on who owns the shares of stock. In a private company,... Read more

Saving Money Roundup | May

Last updated on: May 19, 2011 at 7:40 am By Tim

Here are some great articles I found for saving money. I hope you find them to be helpful. Enjoy! 1. 10 Ways To Save On Your Car Insurance – Canadian Finance Blog 2. Fuel Saving Secrets – Perkstreet Blog 3. How To Find Free eBooks for your Kindle or eReader – Bible Money Matters 4. Back To Basics: Learn How To Save – KNS Financial 5. Baby Formula Money Saving Tips – Budgeting In The Fun Stuff 6. Using... Read more

George Washington: Personal Finance Guru

Last updated on: May 18, 2011 at 7:00 am By Tim

Today’s post is a guest post from Jon at Free Money Wisdom, a blog dedicated to help you grow your hard earned money. If you’d like to guest post on Faith and Finance, send an email or leave a message on the contact page. You know that thing called a dollar bill? Yes, the dollar bill that you use to buy pop and candy with. The dollar bill that you spend freely without a second thought. Well, take a good... Read more

What Is An Economic Model?

Last updated on: May 17, 2011 at 7:00 am By Tim

Economics is built on a model that assumes people are rational. This means that people will act in a way that is to maximize something and also work to produce the most favorable outcome. Though it sounds simple in theory, finding perfectly rational people in real life is nearly impossible. This is where the economic man comes into play. He is the perfectly reasonable person who makes decisions based on costs, scarcity and a sound analysis. The tricky part is... Read more

Eye of The Needle…Will The Rich Go To Heaven?

Last updated on: May 16, 2011 at 7:03 am By Tim

If you’re a new Christian, or read through the story of the rich man and the Kingdom of God recently, you might have some questions about being rich and entering heaven: Can the rich even get into heaven? – or – Do I have to sell all my possessions before I can get into heaven? The famous verse from this passage is found in Matthew 19:24: “Again I tell you, it is easier for a camel to go through the... Read more

What Books Are You Reading?

Last updated on: May 13, 2011 at 7:00 am By Tim

Over the last few years, I’ve really learned to love reading. It’s just nice to sit in a quiet room with a good book for a few hours. The cool part about reading is that after you finish a book, you get a sense of accomplishment and hopefully learned something new from it. (Yes, I know that I sound like one of those posters on the ceiling of the dentist’s office that says reading is cool. Don’t pretend that your... Read more