Financial Foundations Limited
Battling With The Buck…Part 1 “Evil Spirit of Mammon”
This is the first of a three part series dealing with the issue of wealth and the Christian. First I’ll look at that often misunderstood passage, “You cannot serve God and money.” In the next article I want to deal with the wealth gospel. The final column will deal with the concept of treasure. When…
Read MoreFear and Greed
Fear and greed are dangerous enemies to good investing. Imagine, our own attitudes as our biggest foes! Some say that fear and geed drive the markets. I disagree. The way I see it, fear and greed influence the markets negatively, but the markets themselves are powered by the cumulative work and creative production of us…
Read MoreMortgage or RRSP?
What is the classic financial planning question? Most would reply, “Should I pay down my mortgage or should I invest in my RRSP (Registered Retirement Savings Plan)?” But is that really the most important question? Are there only two alternatives? The issue is not should I pay down my mortgage or invest more in my…
Read MoreGold…Don’t Ignore this Investment Tool
Last month we reviewed the Biblical reasons for including gold as a big part of our investment portfolio. Gold, silver and other precious metals in any form, for example, bars or certificates are not qualified investments for RRSP’s. However, shares of gold mining companies or precious metal mutual funds can be held in RRSP’S. Two…
Read MoreGold… It’s Always Been Cherished
My dad once told me a story about conditions during WWII when times were much worse than now. He recalled how a prisoner prior to being strip-searched swallowed a gold nugget to hide it temporarily. Naturally he intended to find it again a day or two later. Gold has always been cherished. It is portable,…
Read MoreThe Ten Commandments of Personal Finance
In the classic Christmas tale The Gift of the Magi, by short-story writer O. Henry, an impoverished young husband struggles with the problem of what to buy his wife for Christmas, and his poor young wife, what to buy her husband. On Christmas Eve, the young man sells his grandfather’s prized pocket watch to…
Read MoreEconomic Prosperity is not a Sign of God’s Approval
During the past 10 years, many books have been written predicting the economic meltdown of Western society. Titles include best-sellers such as The Coming Economic Earthquake by Larry Burkett and The Great Reckoning by James Dale Davidson and Lord William Rees-Mogg. More recently, an enormous amount had been touted about a potential Y2K crisis. But…
Read MoreSabbaticals Better Than Early Retirement
Work stress had reached critical levels for one of my clients as he quickly climbed the corporate ladder at the management level. The pressures had inevitably spilled over into the home when Eric asked for an extended leave of absence from his job. Eric was granted his request with the stipulation that he would return…
Read MoreWhat is the True Poverty Line?
Zero degrees Celsius, the freezing point of water, is the universal benchmark for gauging temperature. The equator is the starting point for measuring latitude, just as the prime meridian is the standard for longitude. Altitude begins at sea level. And the :”A” note at 550 hertz is able to synchronize an entire orchestra. All these…
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