Tag: investing
A Cautionary Tale for Christian Investors
Posted on March 31, 2020 in Money, Theology by Nathan Cherry
The goal of these groups – aligning clients’ biblical values with investments that reflect those values – is commendable. And when clients genuinely seek to be a part of the BRI movement, it is truly a match made in heaven. There is an underlying message, however, being subtly sent out from many of the financial professionals involved in the BRI movement.
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.
Do You Know How Much Money You Will Need for Retirement?
Posted on January 17, 2017 in Money by Nathan Cherry
Saving for retirement is not a static event. You can’t merely put a dollar amount into a 401k at age 25 and continue for the next 35 years. Retirement saving is an ever-changing event that will depend on your idea of retirement. For those that want a more quiet retirement at home, less might be needed. And for those that want to travel and buy new things regularly, more might be needed.
Here’s 2 Ways to Get on a Solid Financial Path
Posted on December 20, 2016 in Public Policy by Nathan Cherry
More money will be spent during this time of year than any other. Between Black Friday, Small Business Saturday, Cyber Monday, and every day between Thanksgiving and Christmas, there is a lot of money flying around. And, as people eagerly cross items off their Christmas shopping list, it causes many people to think about their financial position.
It might surprise you to know just how many people don’t have a budget. Or, maybe that won’t be surprising at all. As a financial professional, I regularly ask people about their budget only to have them look at me sheepishly and say they don’t have one. It’s a problem that spans generations. From people in their 20’s to people preparing to retire, there is a lot of people that don’t have a budget.
If You’re Wondering Where to Start Saving for Retirement – Look At This
Posted on November 8, 2016 in Family by Nathan Cherry
The need for saving money is critical to everyone and yet it seems to be a constant struggle. Few people know about the options available to them for saving money. This is reflected in shocking statistics like 6 out of 10 Americans have less than $25,000 saved for retirement. Every person hopes to retire one day and still so many find it hard to save for that day.
Recent articles have reported that cash reserves are at all-time highs. People are keeping cash in bank accounts and other cash equivalents (CD’s and Money Market accounts) in an effort to be prepared if the economy crashes. While this might make us sleep better right now, it’s not the wisest way to plan for the future. Between taxes and inflation, keeping cash is a safe way to lose money each year. While it is highly advisable to keep some cash liquid for emergencies, keeping the majority of your assets in cash is not a good plan for preparing for, or living in retirement.
For those who are wondering where to start with investing, take a look at this article.