Tag: Investing
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Fed Up
Are you fed up with your current financial journey and with letting the experts guide your personal financial decisions? In 2007, as the economy started to show signs of strain, Bernanke stated that there was no bubble to burst and that the subprime mortgage issue would not have a significant impact on the overall economy. However, just a…
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Are You Expanding or Maintaining?
As Christian fathers, we are called to be good stewards of our resources, including our finances. In our journey to fulfill this responsibility, it’s essential to evaluate whether we are merely maintaining our financial position or actively expanding. While it may seem daunting, even small steps can set us on a path towards growth. I…
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Navigating from 529 to Roth IRA for Your Child’s Future
As a devoted financial steward and a responsible Christian father, shaping your child’s educational journey is a powerful expression of honoring Proverbs 13:22: “A good man leaves an inheritance to his children’s children.” Investing in your child’s education is an invaluable gift that goes beyond money inheritance. The conventional 529 college plan serves as a…
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Maximizing Your Financial Season
As I reflect on the various seasons of my life, I can now clearly see that there were seasons with many financial opportunities and other seasons where there were less. Some years I purposely took jobs with very little pay and other years I was able to earn more. Today, I want to encourage you to maximize…
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Unpredictability of the Stock Market
Proverbs 27:1 – Do not boast about tomorrow, for you do not know what a day may bring. Despite the perilous news of the war in the Middle East (praying for peace), the bond collapse, and numerous other negative developments, one might expect the stock market to respond with crashes of its own. However, over…
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4 Essential Stock Metrics
If you’re venturing beyond the realm of index funds and embracing a bit of risk with individual stocks, there are four crucial numbers I strongly advise delving into before making any purchase. Although stocks inherently come with unpredictability and risks, dedicating some time to research these four key metrics beforehand can significantly enhance your chances…
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Major Fluctuations in Savings
When COVID hit the world back in 2020, one of the few silver linings that came from the pandemic was that people learned to save money. At its peak in the summer of 2021, the average American was saving at 34%, an unusually high rate. The savings were mostly due to Americans being forced to…
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Maximize Your Savings
If you find yourself currently holding onto some cash, whether it’s tucked away in your savings, brokerage, or retirement accounts, it’s time you consider a simple move. Many banks and brokerage firms are now offering enticing interest rates ranging from 4% to 5%. You will be surprised how many people are sitting on cash reserves…
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DRIP it Like it’s HOT!!!
Investing in stocks, mutual funds, and ETFs with dividends is a great way to earn some passive income. Yes, it requires a serious amount of capital to generate even $1,000 in passive dividend income, but any money that can make money is a good thing. However, I am surprised by how many people have purchased…
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Seeking Counsel
This past week I had a conversation with a father who a year ago was enthusiastic about investing in the stock market but now has quit on investing because of losses he accrued. Unfortunately, he started investing at the height of 2021 and then sold during the lows of 2022. Perhaps he would have been…
Faith, Finance & Fatherhood 