One day stocks are up, another day they are down. And sometimes they’re more down than others. As I write this, the S&P 500, a popular measure of stock market performance, is down almost 6 percent year-to-date. At one point in early February, it was down over 10 percent. As you can see from the 1 … Read more
I wrote an earlier article giving some reasons why I like Dave Ramsey. Fact is, a lot of people like Dave (and especially what he teaches). But despite his influence and popularity, Dave also takes a lot of heat from some people. I guess that’s to be expected. It doesn’t seem to bother him; in … Read more
Before I get into the reasons why I like Dave, take a look at the picture of me taken with him at his offices in Nashville. (I’m the bald-headed guy.) Notice that I put my hand on his shoulder, but his are in his pockets? That’s because I’m a “wanna be.” (By the way, as … Read more
You are probably familiar with the Bible story about Joseph. His interpretation of Pharaoh’s dream told of a seven year famine that was about to come upon the whole world. It also told of a seven year period of abundance and prosperity that would immediately precede the famine. Joseph was given the responsibility to gather … Read more
Thanksgiving is here! It’s a nice holiday, and like Christmas, it has special significance to Christians due to its origin and also because of the importance of thankfulness in our daily lives. It also has significant meaning in the context of stewardship. The main idea behind stewardship is that everything we have has been given … Read more
The financial nerds out there may like this article as it is going to get a little “technical”. It’s also a little long. But that’s mainly due to the nature of this subject, so I hope you bear with me. In an earlier article, I cited a study by The Center for Retirement Research (CRR) … Read more
In my recent series of articles about what to do if you think you are behind in saving for retirement, I reviewed some of the current thinking about retirement savings targets based on your pre-retirement income. That raises an important question. If you decide that you want to try to have a certain amount by … Read more
If you’re in your 20s and perhaps just out of college or in your first “real” job, you may be thinking, “So, what exactly does all this stuff about retirement stewardship have to do with me? Isn’t this really only important for older people who are getting close to retirement?” Well, the short answer is a big … Read more
This article is part of the Retirement Financial Life Equation (RFLE) series. It is a near-total rewrite of a similar article initially published in 2015. In a brief conversation with a friend after church, the topic of retirement came up. He and I are about the same age. He made a statement that stuck with … Read more
