Estimated mortgage payments listed on popular websites can be very misleading. Mortgage payments consist of a lot more than just principal and interest.
I was recently at an event for professionals and business owners where we discussed generosity. We watched a video testimony of a woman who God had asked to make some specific changes in her life to set her free. She was a doctor, and she felt led to “work like a doctor and live like a nurse” to free up her income to be more generous. She also felt that God was telling her not to save so much for the future.
In discussing the video at our table, a lot of people were impacted by the very last part, about not working so hard to save. Common knowledge says you should save as much as you can for your future and retirement. Could it be that this isn’t what God wants?
Our country is in a retirement crisis, meaning most seniors have not accumulated enough money to live on in retirement. This is an even bigger problem among pastors since many have exempted themselves from Social Security.
For most people, the majority of their retirement savings are in a workplace retirement plan, like a 401(k) or 403(b). However, many independent pastors and employees of small businesses have no workplace retirement program available to them. How are they supposed to save for retirement?
To get where you want to be financially, you will need to set some goals for yourself. However, not all goals are created equally. The actual goal that you set has a great affect on whether or not you will be able to achieve it. Here are 5 keys for setting financial goals that you can actually accomplish.
Federal tax laws are so complicated that most people outsource tax preparation and have little understanding of how it all works. Do you know how your taxes are calculated? Or the difference between a credit and a deduction? It’s your hard-earned money and your government, so you really should.
The most powerful tool you have for accomplishing your financial goals isn’t what you think it is. It’s not your income. It’s something that everyone has equal access to, regardless of job, education, or expenses. And once you harness it, you will be unstoppable.
Once you start setting aside money for college, the next step is deciding how to invest it. Here are several of the common investment options and the different kinds of fees associated with them.
Taxes are a huge part of our lives as American citizens. However, there’s a lot of confusion when it comes to taxes. After all, the Federal Tax Code has about 3 million more words than the Bible. There are a lot of myths floating around regarding taxes, and it can be hard to separate fact from fiction. Here are some common beliefs regarding taxes and the truth behind them: