Search Results for: Investing

January 18, 2012 Money Wise

Be Anxious for Nothing – Howard Dayton and Steve Moore talk about how to find peace and confidence in God’s word to deal with difficult financial times (Phil 4:6). Plus, they answer calls and emails (800-525-7000 or moneywise@compass1.org) about where to invest inheritance money for children who cannot use the money until a later date (Learn about investing in mutual funds at SoundMindInvesting.com), whether there is a tax benefit to filing jointly rather than separately as a married couple, how to get an automobile when you don’t have much money and are working to pay off debt, and what tips to follow to improve your chances in a job interview.

January 11, 2012 Money Wise

How to Avoid “Stuff-itis” – Steve Moore and Howard Dayton look into the Gotta-Have-It sensation that can lure us into overspending.  They suggest the following steps to avoid the traps that marketing sets for us:  (1)  Skip commercials when watching TV, (2) Don’t browse catalogs, (3) Avoid “window shopping” — stay away from stores when you don’t have a specific need to go, (4) Don’t test drive cars when you’re not in the market to buy a car.  Remember that the less you’re exposed to advertising, the less you’re apt to spend.

Next, they answer calls and emails (800-525-7000 or moneywise@compass1.org) about trying to sell a vehicle when your credit is too weak to finance its replacement (Selling your car yourself will usually bring a better price — look to kbb.com, edmunds,com, and autotrader.com to get an idea of what your car is worth), what next steps you should take once you’ve got a spending plan in place and a surplus comes in (download a free copy of the Compass Money Map at www.compass1.org), whether investing in the stock market is simply a form of gambling, protecting your privacy, and whether bankruptcy is Biblical.

January 10, 2012 Money Wise

Investing: Why and How? – Steve Moore and Howard Dayton welcome special guest Mark Biller from Sound Mind Investing (soundmindinvesting.com) to discuss the reasons behind investing and the ways in which to do it in a way that follows time-tested Biblical principles.  Mark says that operating out of fear is NOT the way to go.  He discusses some reasonable hedges against inflation, the principle of diversification, taking a long-term approach to investing, and some tax considerations as we start the new year.

Plus they answer calls and emails (800-525-7000 or moneywise@compass1.org) about tax obligations on an inheritance and what should be done with that inheritance (emergency savings, paying off debt, funding a 401K or an IRA, etc.), whether its best to put money in a regular 401K or a Roth 401K if you’re within a few years of retirement, what to do with life insurance proceeds following death of spouse (kingdomadvisors.com), and whether rental properties should be used as an investment for retirement.

Mark Biller referred listeners to an Investing Temperament Quiz at SoundMindInvesting.com.  Steve discovered his temperament is Grumpy, though Mark denies that Grumpy is actually one of the Investing Temperaments.

December 30, 2011 Money Wise

Your Financial Year in Review – Closing out 2011 with some wisdom from Howard and Steve about what the Lord has to say about money and how it ties into difficult economic times.  Plus, they answer questions (800-525-7000 or moneywise@compass1.org) about investing in difficult times, tithing on an inheritance (Proverbs 3:9-10), and how to lower student loans/pay them off in order to move on in life.

December 29, 2011 Money Wise

Dos and Don’ts for Engages Couples – Howard and Steve share their advice using biblical principles to help steer engaged couples in the right direction in order to set up a sound foundation for a healthy marriage. Next, they answer calls and emails (800-525-7000 or moneywise@compass1.org) about how to know where to invest your money, what kinds of companies one should invest in and how to know which companies or funds those are, how best to prepare for retirement, which mortgage to pay off first when you have more than one, when you should get a teenager a debit card and checking account, and whether it’s a good idea to go with companies that loan money based on accounts receivable.

Investing resources include Austin Pryor and Mark Biller of SoundMindInvesting.com and Rusty Leonard of StewardshipPartners.com.

December 20, 2011 Money Wise

Avoiding Holiday Scams – Howard and Steve talking about several scams that are prevalent at this time of year including credit and debit card skimming, telephone scams, online ripoffs, and the self-inflicted problem of spending more than you have!  They also answer calls and emails on term life vs. whole life insurance, investing in Christian-based funds and ministries, and investing in foreign currencies such as the Iraqi Dinar.

Navigating Your Finances God’s Way

Student & Facilitator Tools Electronic Practical Applications– All Weeks Download Memory Verse Cards -formatted for the Avery 8371 tear-off template. Click here to view the “Let’s Get Practical” videos- All Weeks. Online Calculators Mint.com Introduction Click here for your Compass membership & receive the E-Newsletter. Week 1 audio notes read by Howard Dayton. God’s Part and Our Part Download the […]

Financial Dictionary

A – B – C – D – E – F – G – H – I – J – K – L – M – N – O – P – Q – R – S – T – U – V – W – X – Y – Z A Accounts payable Accounts payable, or AP, represent money […]

Calculators

Retirement Calculators Retirement planner How Long Will Retirement Savings Last How Important is Social Security Retirement Income Mortgage Calculators Mortgage calculator with PITI (principal, interest, taxes and insurance) Mortgage Qualifier Mortgage Payoff Refinance Interest Saving Mortgage 15 vs. 30 Loan Comparison Calculator Saving and Investing Calculators Emergency Savings Investment Goal Asset Allocator Compound Interest and Your Return College Savings Roth […]

Lending

          I. IN OLD TESTAMENT BELIEVERS WERE TO LEND TO NEEDY BELIEVERS If there is a poor man with you, one of your brothers . . . you shall not harden your heart, nor close your hand from your poor brother; but you shall freely open your hand to him, and shall generously lend him sufficient […]