The better you steward your finances, the better you walk your walk.
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We began on Friday looking at ways to insure or collateralize your investment. This is one of the most important ways to ensure that you will be getting your principle back! Today we’ll look at some concrete examples.
One common example of this is seen in hard money lending. Hard money is used in all sorts [...]
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When making a new investment, most people never stop to think about what can go wrong because they’re so excited about the profits that they will earn. But spending time thinking about this (not in fear, but simply thinking through all the possibilities) is exactly the thing that can keep you from being in a [...]
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Contracts are critically important in modern society. Most of the problems that people face in life are due to the fact that they didn’t have the proper contracts in place. For our purposes, we’ll look at every type of insurance that you need in your life, as well as wills, trusts, and business entities. Most [...]
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“The wealth of the rich is their fortified city, but poverty is the ruin of the poor.” (Proverbs 10:15)
Imagine, if you will, these nightmare situations regarding your home:
1 An A/C repairman falls through the ceiling, breaks his back, and sues you.
2 Your dog gets out, and for some reason feels threatened and attacks [...]
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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 [...]
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“When the storm has swept by, the wicked are gone, but the righteous stand firm forever.” (Proverbs 10:25)
As we look at insurance, it’s necessary to bring up the many destructive events that could possibly occur in your future. These are unpleasant to think about and easy to mentally avoid, yet they are possible and catch [...]
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“The prudent see danger and take refuge, but the simple keep going and suffer for it.” (Proverbs 27:12)
Let’s look more closely at the roots of your Fruitful Tree. As mentioned, this is the protection of your tree. In your financial life, protection is garnered through the use of contracts. The two primary types of contracts [...]
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If we are called to be stewards of all that God gives us, what does that mean?
As you’re faithful with what you have, God will increase what He trusts you with.
A steward in biblical times was the most highly favored and most trusted servant. He managed all the household affairs of his master which would [...]
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Most financial advisors lead people to produce financial plans that are fraught with risk.
When it comes to “Protection,” such as insurance, financial advisors typically choose to offer plans in which you end up paying the highest premiums for the lowest benefit – exactly as the insurance companies like it. Using these plans people usually [...]
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We’ve been discussing the 7 stages to get to proper financial stewardship. Today we’ll concern ourselves with stage 3: the Castle/Moat Blueprint.
Great castles of the middle ages had two things in common. To protect their glorious, high-rising structures, kings would dig a moat around them, and enclose them within an armor of high, strong walls. [...]
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