Tag: Financial Stewardship
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Lesson of Saving for Feast and Famine
Lesson of Saving for Feast and Famine
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The 25x Rule
The rule of 25 serves as a straightforward guideline for achieving financial independence, often synonymous with retirement. This principle suggests accumulating savings equivalent to 25 times your planned annual expenses upon exiting the traditional workforce. For instance, if monthly expenses amount to $7,500, totaling $90,000 annually, multiplying this figure by 25 yields a retirement fund…
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44% of Americans
Nearly half of Americans, about 44%, struggle to pay for a $1,000 unexpected expense, showing that many people face tough financial situations. This highlights the importance of better money knowledge and support to help people manage their money better. Here are five blog posts to get you on the right path. The Importance of Contentment…
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Perseverance & Hope
Romans 5:3-5 resonates deeply, urging us to embrace the virtues of patience and persistence. As we encounter the inevitable challenges and setbacks on our financial journey, this verse reminds us that enduring through suffering cultivates endurance. In navigating market fluctuations, unexpected expenses, or personal financial crises, our ability to persevere strengthens, akin to the endurance…
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Aligning Your Financial Goals with the Bible
As Christian fathers, we are called to be good stewards of our resources, which includes our finances. Aligning our financial goals with the teachings of the Bible can bring us closer to God’s will and help us lead our families in a way that honors Him. Here are three major steps to help you align…
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5 Biblical Financial Principles
To all the Christians seeking wisdom on managing finances according to Biblical principles, here are five key teachings from the Bible regarding money: 1. **Stewardship**: At the core of Biblical financial principles is the concept of stewardship. Psalm 24:1 reminds us that “The earth is the Lord’s, and everything in it.” As stewards, we are…
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Day One of One Day
Too often, we find ourselves caught in the cycle of “one day.” We say to ourselves, “One day, I’ll start that business,” or “One day, I’ll invest in that property,” or “One day, I’ll pursue that side hustle.” But the truth is, “one day” never comes unless we make today, day one. As Christian fathers,…
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What is Better than Gold?
What is better than Gold?
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Maximize IRA / 401K Contributions
It’s tax season…meaning it’s a good time to understand your financial situation, and that includes your retirement account. Maximizing your IRA or 401K contributions might initially appear counterintuitive—after all, it means diverting funds from your immediate savings. However, the long-term benefits far outweigh the short-term sacrifice. By contributing to your retirement accounts, you’re essentially investing…
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What’s Going On?
In times of economic uncertainty, it’s natural to feel concerned or even anxious about the future. The year 2024 has presented many with the looming question of whether we will experience a soft economic landing or not. As we navigate through economic uncertainties, we can take comfort in knowing that our trust in God supersedes…
Faith, Finance & Fatherhood 