Let’s chat about wealth and property. They are not the same. Wealth implies an abundance of resources and items that are important to us. Prosperity is financial success. It is possible to be rich and still lack wealth and/or prosperity. Money is a medium of exchange. Many have been rich…
Category: Odds and Ends
Bible’s Financial Advice
The Bible offers financial advice to help you experience financial independence. Anxiety about money matters takes an enormous toll on mental and physical health. The Bible addresses our attitude toward it. For which of you, intending to build a tower, does not sit down first and count the cost, whether…
Wisdom and Financial Management in the Bible
In Ecclesiastes 7:12 Solomon states “For wisdom is protection just as money is protection, But the advantage of knowledge is that wisdom keeps its possessors alive.” Wisdom and financial management are a defense. But understand that money helps to protect necessities. It is wise to manage our money properly to…
Financial Resilience
Financial resilience allows us to recover from unexpected events. We must have a plan in place to manage economic challenges. It is an ongoing process that involves planning and disciplined saving to strengthen your ability to manage sudden expenses or loss of income. How would you handle a financial shock? …
Starting the Path to Financial Independence
The best place to start is understanding why specifically you’d like financial independence. Let’s say I put together a retirement estimation and it showed I require an additional $10,000 per year. My goal is to adjust my spending or increase my income to achieve this level of financial independence or…
Gap Analysis: Where do you Want to Be
A gap analysis compares current performance to desired performance. We aim to identify areas for improvement. It is important that our Gap Analysis is very specific to list the steps we need to take and we must be held accountable. Where do you Want to Be? We frequently do a gap…