Monthly Archives: March 2013

Begin to invest at least 10% of your household income. I find that the 401(k) at your job, Individual Retirement Account (IRA), Roth IRA or mutual funds are the best way to accomplish this goal. If you are an investing novice, I recommend consulting instructive materials about investing, such as the

Always maintain the proper insurance. Insurance – on so many levels – ensures wealth. If you are not properly insured, you can, and probably will, create a very serious financial liability for yourself and your loved ones. Health insurance allows us to use the full benefits of good medical tre a

Get out of debt! To me, debt means giving to the past and not to the future. I remember being in college and taking my girlfriend to a fancy restaurant for dinner. That dinner cost $100, and it took me an entire year to pay it off. I paid over $50 in interest for that one meal. It is ridiculous to p

How did I begin to build wealth? I followed the advice in many informative books I have read through the years, including “Priceless” by Dave Ramsey, “Rich Dad, Poor Dad” by Robert Kiyosaki and “The Millionaire Next Door” by Thomas Stanley and William Danko. Here are some of the most use

“26 Do not be one of those who shakes hands in a pledge, One of those who is surety for debts; 27 If you have nothing with which to pay, Why should he take away your bed from under you?” (Proverbs 22:26-27) I believe you should save some money every week. I hear you: “I cannot save any money.�

Pay Your Bills The next key step to building your dreams is to pay your bills. If you live by this concept, your bills will be smaller. In other words, you will have less debt, because you already know that you owe God X number of dollars, and yourself X number of dollars per pay period or increase.

When you pay yourself first, even in a bad economy, job market or depression, you will maintain your lifestyle if you so choose. Let me explain: if I lose my source of income or job today, I can maintain my current lifestyle for at least a year or longer. Further, I have learned how to extend my sav

These are some of the stages you will encounter to truly develop, implement and discover a worthwhile dream. Forces are at work to discourage, derail and destroy the best of intentions. I can remember an incident involving my cousin, who was also my church secretary. She needed a job, so when my bos

To get to this place in God, you must have what I call a tough hide. When challenges come your way, you must let them flow like water off a duck’s back, for there is a great price to be paid when you reach this level. As we continue this story with Isaac: “15 Now the Philistines had stopped up a

Pay Yourself The next key step to building your dream is to pay yourself. You will never build wealth or a nest egg paying everyone but you. I pay myself 10% to 15% per year, depending on what kind of year I have had. It could go up to as much as 25% in very good years. This is a life-changing proce