Dear Chuck, I know I’m supposed to save, but I really don’t know how I can or even why I can’t seem to make progress! No Savings Dear No Savings, Well, you are not alone. Saving money is becoming a bigger and bigger challenge for many. According to MarketWatch, nearly one-in-five Americans saved […]
Dear Chuck, I have lost $300,000 in my 401k in the past 12 months, and things appear to be getting worse. I plan to retire in 5 years. Should I get my money out of the market or try to ride out the economic storms? Worried Dear Worried, This question came just last week […]
Dear Chuck, We’re considering hiring a financial advisor to help us develop an estate plan. We want to protect and pass down our assets and possibly set up a giving fund that the children will jointly manage. Any suggestions on how to do this right? Stewarding Our Estate Dear Stewarding Our Estate, It is […]
Dear Chuck, We usually pay down Christmas debt with our tax refund, but I am worried we will not get as much back this year. What can we expect? Waiting for Our Tax Refund Dear Waiting for Our Tax Refund, You are correct; changes to the tax laws are underway, so resetting expectations […]
Dear Chuck My husband and I have generous hearts, but in reality, our actual giving is not so great. Do you have a plan to help people be more generous? Generous But Average Giving Dear Generous But Average Giving, Your honesty is very refreshing! I think most believers would likely say the same. They […]
Dear Chuck, Since the FTX debacle, do you think the crypto market has been ruined? Cautious Investor Dear Cautious Investor, I don’t think cryptocurrencies are ruined, but the idea that they are a trustworthy asset is severely damaged. Let’s look at a few details of FTX’s collapse and then some biblical principles for investors. […]
Dear Chuck, When it comes to our finances, we live with good intentions but put off budgeting and planning until we face another crisis. My husband and I want to break our cycle of procrastination, crisis, firefighting, and then back to procrastination. We need help to stay focused. Painful Procrastination Dear Painful Procrastination, You […]
Dear Chuck, I always thought a small diversification into cryptos would protect me from the collapse of fiat money, but now with the collapse of FTX, I am losing trust in the entire concept of currency. What should I do? Losing Trust in Currencies Dear Losing Trust in Currencies, As painful as it […]
Dear Chuck, We’ve made financial mistakes in the past and want to improve our credit score in the New Year. What steps should we take, and what should we avoid? Managing Our Credit Score Dear Managing Our Credit Score, This is a great goal for the New Year, and it will impact almost every […]
Dear Chuck, We want to start the New Year right when it comes to our finances. Beyond a “get out of debt” resolution, what are the best moves to get us on track? Looking for Financial Tips Dear Looking for Financial Tips, My best tip is to practice the simple but powerful act of […]