Your car could ruin your retirement. Yes, you read that correctly. The car you choose to drive could ruin your retirement, even if you think the car you choose is a reasonable, non-luxury option. How is this possible? To begin, I want you to think of any car commercial you’ve seen recently on TV or… [Continue Reading]
Archives for September 2020
“God Will Take Care of Me” Is Not a Retirement Plan
In the spring of 2004, I was in my second semester of MDiv. studies in seminary, and before class one day, I overheard some nearby classmates discussing with each other whether or not someone in ministry ever truly retires. If you’re either already in ministry or are currently training to be a minister, I would… [Continue Reading]
“Am I Ready to Invest?” Part 8: The Investor’s Mindset
Well, here we are: the final post of the “Am I Ready to Invest?” series. I hope you’ve made it through the seven previous posts in the series before arriving at this point, but in case you haven’t (or if you need a refresher), here they are for quick reference: “Am I Ready to Invest?”… [Continue Reading]
“Am I Ready to Invest?” Part 7: High-Interest Debt FAQs
Welcome to the final post about high-interest debt in our “Am I Ready to Invest?” series! Some quick links to the other two posts dealing with high-interest debt, in case you need to catch up: “Am I Ready to Invest?” Part 5: High-Interest Debt“Am I Ready to Invest?” Part 6: Eliminating High-Interest Debt The purpose… [Continue Reading]
“Am I Ready to Invest?” Part 6: Eliminating High-Interest Debt
If you read the first post on high-interest debt, you know how bad high-interest debt truly is. It can wreak havoc on your overall financial picture not only by offsetting or overtaking your investment gains, but also by preventing your investments from growing as much they could have, had you not had to pay off… [Continue Reading]
“Am I Ready to Invest?” Part 5: High-Interest Debt
High-interest debt will crush you. A hyperbolic statement? Perhaps, but not by much. If you haven’t yet read through the four posts on emergency funds (1, 2, 3, 4) prior to getting to this post, you should, because everything I’m going to say here about high-interest debt assumes that you’ve built an emergency fund of… [Continue Reading]