There are only so many things within your control, and cash flow planning is one of them … regardless of whether we are officially in a recession or not. Budgeting wisely is crucial during your family wealth-building journey.
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Budgeting is a sign of freedom where you are in the driver’s seat on spending and saving decisions. It’s your guidepost to build wealth as a family. [. . .] If budgeting evokes angst and contempt for you, it’s time for a new approach. Go read this article about how to budget without dread and come back when you’ve finished it.
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An envelope budget system is a great tool for new college grads, even high school students who are working part-time. Learning this simple tool is a great way for young people to get started on the right trajectory.
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In my own financial journey, I have learned that budgeting doesn't have to be intimidating, stressful, or boring. In fact, budgeting can help you reach your loftiest goals. My hope is to help you shift your perspective on budgeting by the end of this post. I promise you that it is totally possible to feel better about budgeting.
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Your family’s journey to financial independence will look different from your neighbors and friends. However, there are commonalities on the path to retirement that should be considered well before you resign or exit the business. In this post, I’ll be discussing seven items you should have on your pre-retirement checklist.
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I don’t get out to the movies often but relish the few hours spent in a comfortable theater chair, sitting beside my two oldest boys. Recently, my sons and I saw the movie Abominable and absolutely loved it. This article explains my three biggest takeaways.
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Here we are on the verge of a bear market. This after being on a wild roller coaster ride with COVID for the past couple of years.
You’re probably wondering…
How did we end up here?
What is driving the bear market?
And, what is the best strategy to navigate the market downturn?
In this article, I’m going to answer each of those questions one by one. My hope is that, by the end of this article, you’ll have a good strategy that will relieve some of your anxiety about the 2022 bear market.
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Do you ever struggle with the idea of stewardship? Are you ever concerned about responsibly using the financial resources God has entrusted to you? You most likely struggle because you know Jesus died for our sins, and you want your actions to serve him. You want to live generously and in alignment with the plan God has for your life.
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There’s a lot to be said for maintaining the status quo. It’s comfortable. And familiar. It is a great place to be when things are going well in life.
But what if things are not going so well?
I do not know your particular struggle today, but I know you have one. What are you going to do to fix it?
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People who have an abundance mindset see failures as opportunities to learn and grow. They take responsibility for their choices and forgive those who have wronged them.
An abundance mindset tends to come with more gratitude, contentment, generosity, and contribution.
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Tragedies happen every day. Every hour. Every minute. It’s impossible for us to predict the future. But that doesn’t mean we can ignore the fact that death is one certainty of life.
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As Christians, it’s easy to think about faith through the lens of the first definition. You either trust in God or you don’t. But the alternate definition offers a new perspective on faith. Michael Kitces’ recently interviewed Diane MacPhee on the Financial Advisor Success Podcast, and Diane shared this related Indian fable…
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Let’s turn to 10 questions you should ask when hiring a financial advisor. The exact list of questions is subjective. Try to gather as much data as you can in advance by reviewing a firm’s website and the LinkedIn profiles of its advisor(s).
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Not all advisors are created equal. Some of us invest deeply in professional designations and continuing education to bring the most value and expertise to the clients we serve.
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You are worthy of the gifts bestowed upon you. You have the power to make a tangible difference in others’ lives. You are wonderfully and perfectly made.
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Numbers can change. The stock market moves up and down. You may be in a high-paying career now but could end up in a lower-paying profession (or vice versa). Instead, focus on things within your control and begin with your mindset.
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Can you believe Christmas is right around the corner? With the holiday season often comes gift giving. Resist the urge to spend beyond your means. Instead, embrace simplicity.
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Charitable giving surpassed $400 billion in 2020, which represents 2.1% of Gross Domestic Product (“GDP”). However, we’ve remained at this level for about 40 years. That’s too many years of too little progress.
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