Personal Finances – Phase 7: Understanding Debt

We are now officially halfway through the series. In last article, we discussed protecting your family from hardship through building a one-month emergency fund and acquiring adequate insurance. I challenged you to review your existing insurance policies and to start building an emergency savings worth one month of your income. In this article, we will discuss what debt can do to your life. Continue reading “Personal Finances – Phase 7: Understanding Debt”

Personal Finances – Phase 6: Protect Your Family from Hardship

In last article, we discussed overcoming problems and things we can do in order to better sick to a budget. I challenged you to review your budget, and decide on steps to take as a family to stick to that budget. In this article, we will discuss things we can do to help protect ourselves from the inevitable financial problems that come up. Continue reading “Personal Finances – Phase 6: Protect Your Family from Hardship”

Personal Finances – Phase 5: Sticking to Your Budget

In my last article, we discussed the steps and things to consider when creating a balanced budget. I challenged you to create a budget, it you haven’t already done so. In this article, we will discuss how to overcome difficulties which will inevitably come so that you can follow through on the commitments you made when you created your budget.

Continue reading “Personal Finances – Phase 5: Sticking to Your Budget”

Personal Finance – Phase 4: Creating a Budget

In last article, we discussed prioritization of money and changing your mindset into using a faith based approach in spending. In this article, we use the information we have collected, and the proper mindset to develop an aggressive, yet realistic budget to achieve your financial goals.

Continue reading “Personal Finance – Phase 4: Creating a Budget”

5 Lessons I’ve Learned Buying My First Home

Currently I’m renting my home and after months of searching, saving, and almost purchasing a nightmare of a property, I have learned a lot about the home buying process.  I’ve finally settled on getting a home built for me that fits the needs of the family, while also being an investment for me to sell in the future.  Today I’ll go over 5 things I’ve learned about buying your first home.  Continue reading “5 Lessons I’ve Learned Buying My First Home”

Phase 3 – Prioritize your Spending and Give Charitably

 

In the last article, we discussed the foundation needed for a strong financial mindset, faith, unity, and commitment. In this article, we start laying the groundwork by making the work for us, rather than us working for the money. Continue reading “Phase 3 – Prioritize your Spending and Give Charitably”

Personal Finance – Phase 2: The Foundation of Faith, Unity, and Commitment

The Roadmap and Becoming Unified in Your Approach

With most projects, a plan is beneficial to see your goals, where you are in achieving those goals, and what you need to do to get from point A to point B. Personal financial stewardship is no different. Continue reading “Personal Finance – Phase 2: The Foundation of Faith, Unity, and Commitment”

Personal Finances – Phase 1: Self Reliance

Last week, my wife and I started a 12 part seminar on personal finances. This program is for those of us who want to increase independence, become unified as a family in temporal matters, and improve personal responsibility. During the next several weeks, I plan to regurgitate what I have learned, incorporating with my thoughts. In doing so, I hope to reinforce what I have learned and be of some benefit to you. Continue reading “Personal Finances – Phase 1: Self Reliance”

Fostering the Entrepreneurial Spirit in Your Child

So it’s another weekend and your kid is clinging to your pants leg, begging you for money to buy that candy bar/toy/video game they’ve had their eye on.  It’s something every parent experiences often before your child can even talk (no joke, my kids were pointing at the animal cracker boxes at the grocery store before the age of 2).

Rather than treating this as an annoyance, instead look at it as an opportunity to foster the entrepreneurial spirit in your child.  Continue reading “Fostering the Entrepreneurial Spirit in Your Child”

Applying the 80/20 Rule To Life

Recently I’ve been listening to Jay Ferruggia’s Renegade Radio podcast.  Jay is a bodybuilder and trainer in NYC who talks quite a bit about the 80/20 Rule and how it applies to life in general.  Today I’ll explain what it 8s and how we can view every aspect of our lives this way.

Continue reading “Applying the 80/20 Rule To Life”