An Active and Purposeful Waiting
(September 2, 2009)
I would like nothing better than to see their expectation of Jesus' imminent return come to pass! World events certainly suggest that possibility. But until the Lord does return, we are not faced with an either/or choice...
The Wisdom of Having an Emergency Fund Hits Home
(October 7, 2009)
As I've reflected lately on families now facing significant financial challenges, I've been reminded of a storm I found myself in several years ago. Mine arrived suddenly in the form of a phone call that came one September...
Pursuing Your Passions with a Sound Mind
(October 5, 2009)
The improbability of my career shifting from money to music is a miracle and a mystery that has stretched our faith, but God has been faithful...
Make Sure Your Investment Decision-Making is Inside-Out
(October 21, 2009)
One of the more counterintuitive propositions we regularly put forth in these pages is the idea that one's investing decisions usually can be made with little regard for what's going on in the investment markets...
Why Every Spending Decision Is an Investing Decision
(January 22, 2003)
At its most basic, investing is making management decisions to give up the use of something now in order to have more of something later. Thus, every spending decision is an investing decision.
Settle A Debt for Less than You Owe?
(November 5, 2009)
In a time of widespread job losses and rising credit-card delinquencies, the radio ads are ear-catching: "Settle your outstanding debt for just pennies on the dollar — without filing for bankruptcy!" But are debt-settlement companies too good to be true?
Finding Security in Wealth
(April 12, 2007)
Finding security in wealth: "A rich man's wealth is his strong city, and like a high wall in his own imagination" (Proverbs 18:11). This fortress is imaginary, for no matter how much one has in retirement accounts or in insurance, those who make riches their protection discover no rest for their souls. There is never "enough." Michael Cave, CLY, ChFC, Sound Mind Investing
Six Principles for a Solid Investing Strategy
(September 23, 2004)
A well-defined investing strategy is one of the cornerstones of a successful financial life. While investing techniques vary widely, all good strategies are built on the same foundation. Here are six core principles which you should keep in mind as you plan.
Why Building Emergency Savings Should Take Priority
(December 7, 2005)
It's a frustrating scenario: You spend years diligently saving for a solid Emergency Fund. You come close to your goal and than BAM, something happens that forces you to spend the money. Now you're faced with the dilemma, "Should we go back to tediously putting money into savings or move on to build say, an investment portfolio that has other long-term benefits?"
God Will Provide
(July 14, 2004)
For many people, the biggest obstacle to becoming a successful investor is the belief that investing is too difficult for them to handle. With all the emphasis on planning, it's easy to start thinking that investing success or failure depends solely on you. What a relief that isn't the case!
Re-Evaluating the "Safe" Part of Your Portfolio
(October 28, 2009)
What if the safety bond investors think they are getting is a mirage? In fact, bonds are particularly vulnerable to a specific risk: Inflation...
Having What It Takes to Be an Effective Investor
(May 7, 2003)
If you're brimming with confidence about your investment strategy and your financial future, that's great! But you may not be there yet. It can be more than a bit scary to rearrange your financial life.
Keys to Investing Success: Dollar Cost Averaging
(May 5, 2004)
Dollar-cost-averaging (DCA) is a systematic "formula" strategy that can be quite useful because it requires that you make your buying and selling decisions based solely on mechanical guidelines.
God Will Provide
(July 23, 2003)
It's easy to start thinking that investing success or failure depends solely on you. What a relief that isn't the case! Surely God expects each of us to faithfully do the best we can, but ultimately, He has promised to provide for every need.
Financial Principles Worth Knowing
(April 13, 2005)
To know the ins and outs of recent market action and which funds led the way last month is, in the opinion of Austin Pryor founder of Sound Mind Investing , to know very little of practical value. Instead we must learn to set financial priorities that are honoring toward God and point toward the attainment of God-given goals.
Invest for the Future
(December 27, 2001)
Investing multiplies your money so you'll have more resources in the future
It's wise to save some of your money for the future, but the only way to make it grow significantly is to invest it. Investing multiplies your money, so you'll have more to meet your future needs and give to others God wants you to help.
God Will Provide
(April 19, 2006)
With all the emphasis on planning, it's easy to start thinking that financial success or failure depends solely on you. What a relief that isn't the case! Surely God expects each of us to faithfully do the best we can, but ultimately, He has promised to provide for every need...
To Advance Financially, Be a Quitter
(December 1, 2005)
When I was growing up, one of the worst things you could be called was a quitter. But being a quitter has gotten a bad rap. After all, it's good to quit doing bad things, right? And breaking our bad financial habits is important to our success.
A Tip to Help You Maximize Your Ability to Save
(March 13, 2003)
You can easily adjust the amount of money your employer deducts from your paycheck for taxes by changing the number of dependents on your W-4 form. The form has instructions on how to estimate your taxes.