As Copts, we don’t subscribe to or have a doctrine surrounding a devil. However, if there be such a creature or idea, consider debt as your devil and don’t allow the devil to linger around you. Develop your financial plan and start your journey toward being devil-free. One approach worth considering to pay off the
Most of us are financially fragile and would not be able to come up with $2,000 in 30 days without having to resort to borrowing money or pawning/selling items that we own. Ask yourself how easy would it be for you to come up with $2,000 to pay for a necessary car repair or home
The author James Baldwin said it’s very expensive to be poor. We often pay more for everyday goods and services depending on where we live. In this age of predatory short term pay day loans and high interest credit cards we must be mindful of our credit. A few late payments to the mortgage company
As winter comes to an end and we head into the spring/summer, a parallel can be drawn between the seasons of weather and the seasons of money. There are four financial seasons of life that include accumulation, preservation, distribution and succession. Approaching your finances with these four seasons in mind can help to keep you
• Diversify. Invest in stocks from a variety of industries so that when one industry is having trouble, another one will be healthy. • Watch valuations. If you overpay, even the best stock is no winner. • Tune out the noise. Avoid checking prices and news on your stock every day. It will make you
1. Not buying refurbished electronics. Free yourself of the notion that refurbished electronics are rejects or failures. Any returned item gets labeled as refurbished. So, look into a good deal on perhaps a new-to-you iPhone or laptop. 2. Buying gift cards in store. You don’t know what to get your friend, but you know where they like to shop.
They’re not just for the old. Think about and make a plan for yourself. A will is basically a simple document stating what you want to happen to your worldly property in the event of your passing. After you pass away, the will is used in public court in a process known as probate to
The most important financial principle is to spend less than you earn. No matter what else you do, you must do this if you want to achieve financial freedom. One of the easiest ways to achieve this is to automate your savings. The less work you have to do to save, the more likely you
Sometimes families or marriages need and seek counseling. Have you considered that you might need FINANCIAL counseling? Do you need to fix your relationship with money? Your financial relationship is so hard-wired that, whether you experience a major setback or a huge windfall, ultimately you will find yourself back where you started. That’s why lottery
Be clear about how you think of money and how you spend it. Money doesn’t buy happiness, but it can certainly make you comfortable. Let’s consider the time it takes you to earn money. Let’s say you earn $15 an hour at your job, and you’re considering purchasing a TV for $500. You may calculate