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Saving

EDITOR IN CHIEF

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Should You Borrow to Buy a Car

  For most people, a car is considered the second biggest expense after housing. This four-wheeled product of human ingenuity has become a sure-fire status symbol and a consistent part of every working adult's wish list. The automotive industry is spending billions of dollars on traditional and digital advertising to entice you in getting their newest sedan, SUV, or truck with a small down payment and an affordable monthly fee. Thus, you come to the crux of the matter: Should…

Related: Episode 19: Have you saved for a rainy day?

EDITOR IN CHIEF

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Investment Success

In this day and age, with all the spending options available to us, it’s hard to save. The savings rate in most wealthy countries indicate that this is an understatement! In fact, in my country of birth (Australia) the national savings rate from 2000 to 2010 was 3%. That is called living beyond your means! Your ability to save will have a profound impact on your long-term financial situation. I’d like to demonstrate the potential power of saving to you: HOW…

Related: Is HE the Lord of Your Money Too?

EDITOR IN CHIEF

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No emergency fund

Expect the Unexpected The one thing you can guarantee in life is the “unexpected.”We like to convince ourselves that nothing serious will happen to us, but the unexpected happens surprisingly frequently. At some point in your life, whether it’s losing a job, your car breaking down, paying for a funeral or having to visit a sick family member in a distant location, you are going to need access to a reasonable sum of money very quickly. Invest in seven ventures,…

Related: Practicing Stewardship and Budgeting

EDITOR IN CHIEF

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Have you saved for a rainy day? I mean do you have enough money to set aside to make your living expenses in the event that you lost your job? In 2013, ING bank did a survey with frightening results. They discovered that the average Australian would run out of money in just six weeks, I believe that in the united states it's as short as 4 weeks. It’s a very serious problem! Even though their unemployment rate has come down,…

Related: Practicing Stewardship and Budgeting

EDITOR IN CHIEF

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In today’s society, many of us feel a burden to either be rich, or at least look rich. If you feel pressured to buy a house you can’t really afford, or buy that car that makes you look successful, Jesus offers a great and tough advice. “Watch out! Be on your guard against all kinds of greed, life does not consist in an abundance of possessions.” – Luke 12:15 (NIV) Many of us has fallen into the lie that possession are what…

Related: Is HE the Lord of Your Money Too?

EDITOR IN CHIEF

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The bible give us a bit of a clue to what we should do; “Start children off on the way they should go and even when they are old they will not turn from it.” - Proverbs 22:6 I want to give you a strategy to help your kids learn about money. One great way is by teaching them how they can spend their pocket money, or any other money they own, from a casual job. The first thing to…

Related: The Downside of Affluence

EDITOR IN CHIEF

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Can you predict the future? When I started out in the financial advise business, I would pour over the latest research report and devour any financial report that I can get my hands on. In the hope that these reports would help me predict the future, mainly by picking the right investment for my funds. But after a short while I soon realize that the so-called experts (despite being quite convincing in their arguments) really had no more idea than…

Related: Should You Borrow to Buy a Car?

EDITOR IN CHIEF

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Have you done a budget? A budget is a simple tool that you used to track your income and your spending. The idea is to first understand where your money is going, and then use your budget to make necessary adjustment to your spending and lifestyle in order to manage your money more wisely. A budget is your first act of financial stewardship. If I look at your budget, I could tell very quickly what is important to you and…

Related: Practicing Stewardship and Budgeting

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