Tag: debt
The Currency of Patience: A Commodity in a “Amazon Prime” Culture
Posted on November 13, 2019 in Money by Nathan Cherry
A lack of patience is perhaps one of the most common factors in an unhealthy personal and financial position. Whether its impulse buying, spending more than we make, carrying high levels of debt, or all of the above. Lacking patience will never help advance our goals and contribute to our personal or financial success.
Three Great Reasons for Christians to Save and Invest Their Money
Posted on June 26, 2018 in Money, Theology by Nathan Cherry
It’s no secret that most Americans have little to no savings. I’ve written previously on the inability of many Americans to cover even a small $400 emergency. This reality shows that many people do not prioritize saving. If you asked the average person to stop getting coffee at Starbucks daily, end their Netflix subscription, or take their lunch to work with them, you will be met with looks of disgust and shock. Clearly something isn’t right.
It’s Not Just Millennials that Need Personal Financial Education
Posted on January 23, 2018 in Money by Nathan Cherry
I don’t like talking about debt. But I spend a lot of time talking (and writing) about debt. Mainly because our nation is drowning in debt. From the recent college graduate with $80,000 in student loans, to the middle-aged working class adults that are still paying off student loans but have added a mortgage, car payments, credit car balances, and a home equity line; our nation has a serious debt crisis.
According to an article at Business Insider that published the results of a Trading Economics study, out of 30 countries, America ranks #10 for having the most debt. Americans have a collective $1.14 trillion in auto debt, $1.28 trillion in student loans, and $8.82 trillion in mortgage debt. The total household debt of Americans is up to $8.82 trillion (as of the third quarter of 2016).
These numbers give America a household-debt-to-GDP number of 78.8%; making us the country with the 10th highest debt.
The #1 Way to Take Advantage of the New Tax Bill
Posted on January 16, 2018 in Money by Nathan Cherry
As a financial professional I work with people newly retired, nearing retirement, or hoping to one day retire accumulate assets, preserve assets, and protect assets. It’s a job involving comprehensive financial planning, asset management, and budgeting. All of the parts have to work together to make sure someone doesn’t outlive their money, among other things. But all this planning can be brought to a screeching halt for one reason: