Tag: Budget
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Can You Handle The 40/40/20 Rule?
Can you truly live off the 40/40/20 rule? This extreme method of budgeting seems like a fast track way to build wealth, but is it sustainable? Let’s explore this rule and see if this would work on a $125,000 income. Basics: Based on Gross Income Using this formula, let’s see an example based on a…
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Spend Less, Invest More
As Christian fathers, we are tasked with providing and caring for our families. One simple way to enhance our financial security and provide for our families’ future is by adopting the mindset of spending less and investing more. The year 2024 is full of potential for our financial growth and stability. One practical approach to…
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Lifestyle Creep
1 Peter 3:3-4 “Your beauty should not come from outward adornment, such as elaborate hairstyles and the wearing of gold jewelry or fine clothes. Rather, it should be that of your inner self, the unfading beauty of a gentle and quiet spirit, which is of great worth in God’s sight.” I just recently learned this…
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It’s Only 6th Grade Math…
Whenever I bring up the idea of building wealth and understanding finances on paper, I tell people that it isn’t rocket science and all you need is basic elementary math to comprehend how it works. And it all begins with creating a budget. In its simplest form, you add up your inputs (income & assets)…
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The Power Habit: Championing Proverbs 27:23 for Lasting Prosperity
Proverbs 27:23 Be sure you know the condition of your flocks, give careful attention to your herds; for riches do not endure forever, and a crown is not secure for all generations. Proverbs 27:23 urges us to be diligent in managing our finances, as riches are fleeting and financial security requires careful attention. Unfortunately, the average…
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The 3F Ten Talents
The 3F Ten Talents: 10 Principles to Financial Stewardship 1 Chronicles 29:12-14 12 Wealth and honor come from you; you are the ruler of all things.In your hands are strength and power to exalt and give strength to all.13 Now, our God, we give you thanks, and praise your glorious name. 14 But who am I, and who are my people, that we…
Faith, Finance & Fatherhood 