Trusts and Estate Taxes

In some states, probate is such a brutal, miserable affair that it is a serious mistake to not own the vast majority of your assets in trust.  If privacy is a big concern for you, then setting up a  trust should also be considered for this reason alone.  Probate is a public process and so […]

Wills, Trusts, & Entities

“Trust in the Lord with all your heart and lean not on your own understanding; in all your ways acknowledge him, and he will make your paths straight.” (Proverbs 3:5-6) The legal documents that support your financial endeavors are critical to a healthy Fruitful Tree throughout your lifetime.  Yet, this is an area where most […]

Who is Better at Insurance: You or the Insurance Company?

Some people believe that insurance companies are evil empires designed to remove you from your money, but did you know that they won’t insure a single thing for more than it is worth?  If you have a home that is worth $250,000, you cannot insure it for $1,000,000.  The insurance companies know that they would […]

Assets That Produce

In the passage we cited Saturday, Isaiah shows that the land is the farmer’s asset, and God teaches how to use it to produce.  Not many of us are farmers today, but the concept remains profound: We should have assets that produce for us. If we seek Him, God will guide us in the ways […]

Land – God’s Provision

It’s instructive to look to the Bible to see how it, and the players involved, deal with assets.  When we look to the Old Testament, gold and silver existed, but these are not thing things that God usually concerned Himself with.  His instructions had to do with land. Land is the form of asset that […]

The Utility of Liabilities

We talked yesterday about the fact that financial assets and liabilities are simply tools.  And that its a misinterpretation of scripture to think that borrowing is evil. On the other hand, if you do not repay your debts at the terms that you agreed to, you break the teaching that Paul’s teaching below, and enter […]

They’re Only Tools

Financial assets and liabilities are simply tools.  Nothing more – nothing less.  A common mistake people make is attaching too much emotion to certain assets or liabilities.  This often prompts poor decisions. No financial asset in and of itself can directly make your life better.  There is no inherent value in them other than the […]

Computing Your Own Net Worth

Net Worth is the sum total of assets minus liabilities. In financial terms, when you subtract all the money that you owe from that which you own – you are left with your net worth.  Most financial pundits consider this the be all/end all number defining your wealth.  As you’ll see, cash flow is a […]

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