I recently spoke with a man who after working over 30 years with a company was told his job was being eliminated. Approaching 60 years old and with plans to retire in a few years, he was not looking forward to beginning a new career. After meeting with his financial advisor, he found out that the investments he previously made had already prepared him for this moment.
No one wants to get fired however everyone should get fired at least once in their life. As someone who has suffered tremendous business loss and came out stronger on the other side, I know there are several lessons we can all learn from being fired or suffering a big loss. I wanted to share 4 major ones with you!
This Summer after attending college orientation for our son, Donovan, it hit my wife and I that we will have three children in college this fall! Thankfully with even 3 kids in college, we have managed to navigate college waters without getting buried in debt. Sitting in this orientation, I however realized many other parents and students would not be as fortunate.
I want to share with you the formula for how much you should spend on a home and car. Why JUST home and car? Because 90% of the financial problems we incur are caused by those two decisions and if we can get these two decisions right, we are headed in the right direction!
Sweets are a weakness for me. I have always been tempted by anything sweet and sugary. I know from past experiences that instead of looking at the cookie and thinking about the cookie, I should stay away. Truthfully, it is not the first or even second look that gets me in trouble but when I continue to look and think about it.
Merry Christmas!!!! I know I may be the first to wish you a Merry Christmas this year, but I really want you to have just that . . . a Merry Christmas! The alternative is Post-Christmas full of regret ... wishing the debt would just go away for gifts forgotten only two weeks after the holidays! Many of us are still paying off last year’s Christmas debt, but this year can be different. Here are 7 tips for helping you avoid the holiday debt crunch!
I connected with a few people in my world who I know are pursuing their God-given dreams, folks who, in many cases, moved away from comfortable positions and careers to chase their dreams. I asked each of them, "Do you have any key lessons you've learned as you have chased your dreams?" As they each told of their pursuits, I found 5 consistent lessons we can all learn from these Dream Chasers!
A good friend recently asked me, “What curfew do you set for your kids?” He seemed shocked when I told him we didn’t really have a curfew. I told him that we only had four rules for our kids.
I read an article recently which stated investors are coming to my hometown by the droves to purchase houses for investments. The article went on to explain that after purchasing, investors then rent the homes for 30-40% more than it would cost for the individual to own. This is systematically transferring wealth from the city to investors outside of the city.
I was at a restaurant where the service was impeccable. It seemed the waiter anticipated my every need. Before I even noticed that my beverage was almost empty he was already bringing me a refill. He knew when I needed more napkins or needed plates removed. I felt valued, appreciated, and cared for. This is also what makes a great marriage work.
I was reading the familiar passage in Exodus 14 of Moses leading the Israelites out Egypt, where they had been in bondage. The Israelites were being chased down by the Pharaoh and his Egyptian army. They feared for their lives and cried out to God for help. God says, “Why are you crying out to me? Keep moving on.”
Knowing your net worth is the starting point to making financial improvements. Not knowing your net worth is like wanting to lose weight without first getting on a scale to see how much you weigh. There is no way of determining that you met your goal without first measuring where you are today.
Recently, I turned 50! This is a BIG milestone! In honor of the Big 5-0 a few people have asked me for 50 lessons learned in life. I don’t know if I quite have 50 but I can certainly give my 5-0. Five for the 5 things I’m glad I did. And -0- for the thing I’m glad I didn’t do!
Scientific studies confirm that when you hear positive affirmations spoken over your life, it sends a very clear message to your brain that this is important to you. You begin to think this is who you are and you begin to behave consistent with the words that were affirmed.
A recent study stated, 46% of Americans surveyed could not cover a $400 emergency without putting it on a credit card or getting the money from someone else.