More than half of all Americans will die intestate. Do you know that word? It means that they have no written Last Will and Testament. If you die intestate, the state will make all decisions regarding the disposition of your property and then charge your estate for its services.
Why on earth would people not make a will? Well, people do procrastinate, assuming that someday they will get around to it and never do. Or they reason that when they’re... Read More
Have you ever heard of the generational theory? The concept is that there are very different cultures, including money cultures, depending on how old you are. People from the Depression/World War II generation (the “Builders”) hate debt, whereas people from the iPod generation (the “Millennials”) tend not to worry about borrowing. Builders pay cash; Millennials just get another credit card.
When it comes to borrowing, the Builders are wiser. Every financial planner worth a dime will tell you to pay... Read More
The first decade of the 21st century has certainly been a miserable financial experience for many people.
People who gambled too much money on new Internet stocks were scorched when the dot.com bubble burst. People who shouldn’t have been able to buy a home were given no-document/no-money-down loans. People who had only hazy notions of home financing signed up for adjustable rate mortgages and then reacted in panic and dismay as the rates automatically adjusted upward (one escalator you don’t... Read More
Americans used to be good savers (10% of personal income went into savings) and now have become terrible savers (0% or even less, which means that people are actually burning up their savings for daily expenses). People who save none of their income probably are suffering from “I Must Have It Now” syndrome.
Waiting for things cheerfully is learned behavior. People who didn’t learn it as children can cause some real wreckage as adults.
God tends to ration out his... Read More
You know, in all honesty we’d have to admit that in our prayers we probably do a lot of asking for more things. What we don’t do enough of is ask for wisdom and strength to take better care of the things we already have. We’re all custodians and managers of God’s generosity, and let’s face it, it’s easy to take our possessions, our jobs, and our families for granted and to neglect them as we dream about an upgrade.... Read More
As you get older, you will probably notice more and more how God sends help to you through other people—their words of encouragement, their critiques, their gifts. Did it ever occur to you that you might be the answer to someone else’s prayers?
God loves it when you share your toys. He loves it because you are helping someone he loves, and he loves it because it shows that you are willing to invest in his big agenda instead of... Read More
My late father-in-law is my hero for a number of reasons. I remember him especially for his self-control. He used to sigh about wanting a boat. After his children were grown, people would urge him to get the boat he’d been dreaming of. “No,” he’d say. “Why not?” “Because then I’d just want something else.” For him, the boat was the edge where he knew he needed to stop in order to live within his means.
Way too many people... Read More
Some people hate shopping and venture out only to purchase what is absolutely necessary. Other people are almost addicted to the rush they get when they spend money. You know the drill: “When the going gets tough, the tough go shopping.” What is it about spending money on ourselves that is so compulsive?
Well, we’re all materialistic to some degree. If getting stuff makes me happy, then getting a lot more stuff will make me a lot happier, right? If... Read More