Category: Money
Wealth Principles: The Principle of Human Productivity
Posted on March 8, 2018 in Money, Public Policy by Nathan Cherry
This is what socialism is missing. Socialism says that everyone will be happy if we just divide everything evenly. Socialism ignores the principle of human productivity by making it possible for people that do very little to have the same means as those producing greater amounts. Socialism effectively removes the incentive to human productivity.
Many welfare systems that have no work requirement also violate the principle of human productivity. If I don’t have to work and the government will still provide free housing, health care, cell phones, and food, what is my incentive to work? Poverty is perpetuated by the idea that people shouldn’t have to be productive in order to receive goods and services.
From One Pastor to Another: Don’t Wait to Get Your Financial House in Order
Posted on February 27, 2018 in Money, Theology by Nathan Cherry
I recently learned of a pastor that retired from ministry and told his wife they had enough money for 7-8 years. He then got brain cancer and died shortly after retiring, leaving his wife with medical bills and financial concerns. What could he have done differently? Who could he have asked for guidance to avoid this scenario?
I get the impression that many pastors think they don’t have enough money to work with a financial professional.
Google Complies with Government Request to Yank LGBT Apps from Play Store
Posted on February 21, 2018 in Money, Public Policy by Nathan Cherry
I’ll admit that I’m perplexed by news that Google is complying with a government request to yank LGBT apps from their Play Store. I thought Google was a “tolerant,” “inclusive” company that championed the views of the sexual revolution. I thought Google openly mocked and blacklisted anyone that dared to disagree with their corporate code.
Forget Bitcoin – Blockchain is the Real Value in Cryptocurrencies
Posted on February 7, 2018 in Money by Nathan Cherry
In the current system, if you wanted to wire money to a relative overseas, you go to the bank (during banking hours), and use the banks wire service to send the funds. It will cost you a nice little fee, and take a couple of days for the funds to be sent as the bank verifies the funds transfer. This current system, essentially, makes you pay for the use of a middle man to transfer your funds. Additionally, you are trusting a third party to act in your best interest rather than conducting business solely between you and your relative. And really, you are just paying (and waiting) for a bank employee to make an entry in a ledger.
Google: A Corrupt Company Culture Conservatives Should Reconsider
Posted on January 31, 2018 in Money, Public Policy by Nathan Cherry
Most people are familiar with the former Google engineer that was fired for writing a memo in which he made comments Google found incompatible with their corporate culture. James Damore wrote the memo to express his belief that it was possible more men work in technology due to personal choice and perhaps due to the inherent biological differences between men and women. Of course such notions can hardly be spoken among friends at a dinner party, much less in corporate America where any hint that differences exist will be immediately vilified.
So James Damore was fired.
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:
Economics 101: Discrimination is Fundamental to a Free Market Economy
Posted on January 3, 2018 in Money, Public Policy, Religious Freedom by Nathan Cherry
There it is again: it’s not about the person, it’s about the message. Once again, this might sound like a free speech case (and there’s an element of that here) but this is about private property rights. So far Jack has proven over many years that he is willing to serve any person. However, he is not willing to promote every message. That is a value every free person holds dear. The Jewish person does not want to be forced to promote Naziism. The African-American does not want to be forced to promote white supremacy. Are you seeing the point? Every person has the right to discriminate based on his or her sincerely held convictions. Yep, you read that right, we all have the right to discriminate.
Have You Added “Giving” to Your Financial Plan to Show Thanks?
Posted on December 14, 2017 in Money by Nathan Cherry
If we understand our money and possessions as being a trust, something given to us for the purpose of helping and serving others, it will change how we view wealth. We will carefully add giving to our financial plan and seek to better the circumstances of those around us. Not for fame or recognition, but to say “thank you” for the blessings we have received in our life.
Christian Business and the Ministry of Wealth Creation
Posted on November 21, 2017 in Money by Nathan Cherry
I live in the “wealth creation” world. Part of my objective is to help people create and maintain assets that will allow them to live life the way they desire. It’s what all of us in the financial services industry seek for our clients on a continual basis.
One notable difference for me is that, as a Christian, I am constantly seeking to integrate my faith into my work and be “light and salt” to those I interact with. Many believe that wealth and religion are segregated. The thought persists that our finances and our faith have nothing to do with one another. Nothing could be farther from the truth.
In recent years more Christians have begun to understand the just how intertwined their faith and their finances really are.