Tag: wealth
The Currency of Priorities: How Knowing What We Value Can Lead to Wealth
Posted on November 20, 2019 in Money by Nathan Cherry
It’s a mistake to think that wealth is nothing more than the sum of our accumulated assets. Wealth can be found in many forms. The currencies of contentment, self-control, patience, and priorities can not only help us accumulate material wealth, they can help us to become wealthy human beings. The kind of people that we all want to know.
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.
The Currency of Self-Control: How Saying No Can Lead to Financial Growth
Posted on November 6, 2019 in Money by Nathan Cherry
Self-control is the ability to restrain ourselves from making poor decisions simply for a temporary happiness high. It’s reported that
The Currency of Contentment: How Avoiding Happiness Can Impact Your Financial Position
Posted on October 30, 2019 in Money by Nathan Cherry
If you learn to manage this special “currency” well, it will help you to avoid financial ruin. In the public
These Unusual “Currencies” Can Create Tremendous Wealth
Posted on October 22, 2019 in Money by Nathan Cherry
I work in an industry where currency is central. Whether we are speaking of domestic fiat currency, foreign fiat currency,
The Lottery: Government Sanctioned Gambling Preying on the Poor
Posted on March 21, 2018 in Money, Public Policy by Nathan Cherry
The lottery, then, is nothing less than another tax enacted by the government on (sometimes) unsuspecting people. And though the lottery is a voluntary tax, it is often pushed by media hype as the growing jackpot becomes a focal point of the news. And though studies have long-shown the financial damage caused by the lottery to lower-income people, this tax doesn’t appear to be going away anytime soon. The government is not likely to end such a large revenue stream. So the preying goes on.
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.
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.
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.
Tough Truth: Christians Give Only 2-3 Percent of Their Income
Posted on December 22, 2013 in Theology by Nathan Cherry
The interview posted below is an excellent reminder of the need for Christians to be characterized by giving. It seems Christians have almost bought into the idea that government should take care of people, rather than the church. This is used to justify tithing and giving less. I commend this interview and the principles taught as a great place to start a discussion on stewardship.
The Scary Truth About Christian Giving
Interview by Rob Moll
The Bible gives a two-sided portrayal of wealth: It is good, but it can seduce us into sin. The solution, according to New Testament scholar Craig L. Blomberg, is to freely share it. In Christians in an Age of Wealth: A Biblical Theology of Stewardship (Zondervan), Blomberg, who teaches at Denver Seminary, argues that sacrificial giving is an essential part of good stewardship. He spoke with CT editor at large Rob Moll about our spending patterns and whether Christians are required to tithe.
If, as you argue, Christians are no longer bound by the Old Testament principle of tithing, what’s so bad about low rates of giving?
Over the past 40 years, self-identified evangelicals have given between 2 and 3 percent of their incomes to churches and Christian organizations. Stewardship is a crucial part of the Christian life, and according to these figures, it is sadly lacking.