Gaining Strenth From Struggles

photo credit: 416style She was born prematurely, the 20th of 22 children. As a young child, the polio virus caused her right leg to atrophy and twist. Doctors declared she would never walk again, but her family never gave up. They took turns massaging her leg every single day. Twice a week, they drove her […]

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How Does a Payday Loan Work?

A payday loan (also referred to a payday advance) is a small, short-term loan which is secured against the borrower’s next pay check. Most lenders will require some verification of employment or income, such as a pay stub or bank statement.

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Dealing With Criticism: A Biblical Approach

When was the last time someone shared their criticism with you about something you were doing? Was it constructive or negative? Did you take offense or embrace the advice? The Bible gives us some insights on handling criticism, so the next time you’re approached by a critic, consider what these scriptures say.

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The 80/20 Principle and Money

You’ve probably heard of the phrase “the 80/20 rule.”  The technical term for this common phrase is called the Pareto principle, named after … you guessed it, a man named Pareto.  In the early 1900s, Vilfredo Pareto noticed that 80% of Italy was owned by 20% of the population.  On a much smaller note, he […]

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5 Items You Should Always Buy Used

Buying new has its good points: you may receive a warranty, you can return the item if it is defective, and you simply enjoy the feeling of being the first-time owner. However, the cost savings of buying certain items used greatly outweighs these good points. Five such items are: 1. Automobiles A new vehicle depreciates […]

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How Do You Measure Success?

Last fall, at a class reunion in Palm Springs, CA, 39-year-old Steven Burton wore dress Navy attire displaying the Navy Cross, the highest medal that can be awarded by the United States Department of the Navy. This award is given for “extreme gallantry and risk of life in actual combat with an armed enemy force […]

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Should You Trade Cars in Order to Get Better Mileage?

Calculating how much money you could save by switching to a car which gets better gas mileage is simple math. However, because other factors normally apply, your car decision is not always simple. Start with the Math If you are going to pay more money for a car which gets better mileage, you should calculate […]

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Contentment: A Critical Ingredient For Financial Success

Pop Quiz: List five essential principles for financial well being. How did you do? My guess is that several of these are on your list: Live on less than you make. Get out of debt and stay out of debt. Set goals and keep them. Use a budget. Work hard and work smart.

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Why I am Not an Entrepreneur

There is a reason I am not an entrepreneurial success: I don’t have a clue what people will buy. Time after time, I have been wrong about innovations which have proven hugely successful. The fact that I still don’t understand the success of these products means that the possibility of me ever coming up with […]

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Envelopes: The Glue That Holds Your Budget Together

photo credit: piermario “I get worn out trying to track every dollar.” “It just didn’t work.” “I’m not a numbers cruncher.” “Budgets are just too complicated.” Sound familiar? These are just some of the reasons why Janice and I have struggled with budgeting over the years. We would diligently write the numbers on a yellow […]

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4 Ways to Avoid a Retirement Identity Crisis

If you think of yourself as “Jim the carpenter” or “Fred the accountant” or “Mary the teacher,” you may be facing an identity crisis when you no longer are performing the vocation you identify with. According to a Consumer Reports National Research Center study, those who struggled with that loss of identity at retirement had […]

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Is it OK to Tithe With a Credit Card?

One of the latest waves in churches is to have online tithing.  It makes sense when you think about how the online payment processing industry has grown in the last few years.  People are more comfortable putting their credit and debit card information on payment sites and it becomes a normal part of every day […]

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What Keeps You Awake At Night?

A Discovery Health study indicates that 80 percent of respondents do not get enough sleep.  Furthermore, the effects of sleep deprivation are much more profound than feeling a bit drowsy: memory loss, weight fluctuations, a weakened immune system and high blood pressure.  And the number one cause, according to sleep.com web site, is stress. Some […]

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New Electronic Payment Requirement for All Federal Beneficiaries

When I began receiving my Social Security payment, I opted for a paper check.  I know this sounds silly, but somehow opening that envelope and holding that check in my hand before taking it to the bank was gratifying.  However, in a few months I had all of the gratification I needed so I switched […]

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What You Should Know about the new 401(k) Disclosure Laws

The law is now in effect and as a result, you probably noticed more information about your 401(k) coming to your home. Although the legal verbiage mixed with Wall Street talk may be daunting, this is mission-critical information that you have to take time to either wade through yourself or pay to have an adviser […]

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My Christmas Wishes for You

I wish that you love this season as much as I do.  I have many fond childhood memories of Christmas, not so much of the gifts I received (although that red Schwin bicycle on my 12th Christmas was a sweet surprise), but simply the feeling of good will that pervaded my family, my neighborhood and […]

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