There are many reasons why people want to invest. Some want to invest for the sake of making money. This is the wrong motivation. Others want to secure their retirement. Then there are those who want to accumulate funds as quickly as possible for a specific purpose, such as buying a home, providing an inheritance […]
In a recent survey of several seminary students, it was determined that 70 percent of those surveyed felt that borrowing was scripturally prohibited. However, of those who felt that borrowing was prohibited, 90 percent admitted that they had to borrow in order to attend seminary. Is this a double standard, or is it a discomfiting […]
What is a multilevel sales program? In reality, every product is sold via a multilevel system. The manufacturer marks it up and sells it to a retailer, who marks it up and sells it to a customer. This is a delivery system that has proved very effective over the centuries. The multilevel plan we will […]
Although it would not be a good example of Christ-like character for a Christian to sue another individual, is the same standard advised in dealing with a business, a corporation, or an insurance company? Many lawsuits are initiated because of personal loss suffered due to the negligence or deceit of a company or a business. […]
Budget busters are areas that can lead you into financial disaster. When you overspend in one or more areas of your budget, other areas must be reduced to compensate for the overspending. Otherwise, your budget won’t balance and you’ll start to incur debt. We’ll discuss the most common budget busters below. The following percentages are […]
Part of being a good steward (manager) of what God has provided is to give a portion back to Him. We pay the tithe, or 10 percent, of whatever we receive from Him. That tithe should be paid on our gross salary. It’s not that God needs our money; rather, giving serves as an external, […]
Like all organizations, churches have certain bills and obligations that must be paid: utilities, mortgage or rent, missions commitments, vehicle expenses, staff payroll, insurance, and so on. As with all other areas of financial management, churches must be extra cautious when paying bills and obligations to ensure that integrity is maintained and that they remain […]
Although it is each individual’s responsibility to learn God’s principles of finance as presented in the Word of God, most American Christians today don’t know where to begin, what to study, or how to implement what they have studied. Therefore, accepting the responsibility of teaching the biblical principles of finance should become a primary emphasis […]
U.S. savings bonds—often given as graduation, baptism, birthday, and wedding gifts—are popular because they are, for all practical purposes, 100 percent risk free, and they can be easily purchased at most banks, at government financial institutions, at work, or through the U.S. Treasury either by mail or online. However, until the introduction of the I […]
The stability of precious metals Eternally attractive to mankind, precious metals have found their principal use as a store of value. Because of their rarity and durability, for thousands of years precious metals have been accepted almost universally as money. Because the value of gold (the most recognized of all precious metals)—what it can buy […]