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Showing posts with the label Financial Planning

The Joyful Steward: God's Sovereignty and Your 5 Year Plan

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  Your 5-Year Plan is Probably Wrong. Many of us believe hard work guarantees our goals. We embrace the hustle: Work hard, play hard, and live the life you want. But if you’re honest, how many 5-year periods ended exactly where you thought they would? The common saying, “I made my plans, told them to God and he laughed,” often feels more fitting for life in the real world. The core problem arises when we equate good stewardship with total control . I recently had a conversation with a dear brother who excelled at managing his money but failed to allow for simple enjoyment. This caused strain on his family because he was so focused on future security that he wasn't allowing himself to truly enjoy the blessings he had already received. The Bible offers a clear counterpoint to this anxiety, one that hit me profoundly: “In the day of prosperity be joyful, and in the day of adversity consider: God has made the one as well as the other, so that man may not find out anything that will be...

What is the Financial Legacy You are Leaving Behind?

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Most of us don’t want to talk about what’s going to happen when we are gone. Are we thinking we are going to live forever? Are we leaving our children a legacy of debt and despair or of blessing and hope? Are we communicating with our family about our desires or holding that back until the reading of the will? Do we even have a last will and testament? What documentation do we really need? What could happen if we don’t have estate planning documents? If these are some questions you have, you have come to the right place for some basic information. For more personal and specific information, I would direct you to a qualified estate planning attorney and a financial advisor. Nolo.com offers some great legal information and naepc.org can guide you to an estate planning professional. I was speaking with a friend of mine who recently lost her husband. She thought that once he passed, she didn't have to pay his hospital bills. She had a house that she wanted to keep, and they were bot...

How Ego Gets in the Way of Your Financial Goals

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How Ego Gets in the Way of Your Financial Goals A year ago, my trusty push mower died. To maintain a nice lawn, I needed a new one. I wanted a self-propelled model to get my steps in, but the prices at the store were shocking. After seeing that a new mower would eat my entire lawn care budget for the season, I turned to Facebook Marketplace. The mowers online were half the price of the new ones. I messaged a few sellers, found one that looked promising, and arranged a meeting. I grabbed the cash and started my 30-minute drive. Twenty minutes in, the seller texted to cancel, and my wife noticed the ad was gone. Frustrated, I moved to the next option on my list and drove 40 minutes in the other direction. I met a couple of men at a storage unit. The mower ran but looked heavily used. A voice in my head said to walk away, but after all the driving and frustration, I just wanted to get it done. I bought the mower, not happy with my purchase, but I needed to get the lawn cut. Once I got hom...