A New Blog about Personal Finance: Practical Advice for Living Well by Living Frugally
Scripture quotations are from the ESV® Bible (The Holy Bible, English Standard Version®), copyright © 2001 by Crossway, a publishing ministry of Good News Publishers. Used by permission. All rights reserved.
Scripture quotations are from the ESV® Bible (The Holy Bible, English Standard Version®), copyright © 2001 by Crossway, a publishing ministry of Good News Publishers. Used by permission. All rights reserved.
Scripture quotations are from the ESV® Bible (The Holy Bible, English Standard Version®), copyright © 2001 by Crossway, a publishing ministry of Good News Publishers. Used by permission. All rights reserved.
The book of Proverbs, found in the Bible and the Jewish Ketuvim (Writings), is a truly remarkable work of literature. It serves up a continuous barrage of practical advice and astute observations on any number of topics. It is truly timeless: written some three millennia ago, it remains uncannily relevant into the twenty-first century.
I believe there is great benefit in studying the book of Proverbs – no matter what your religious beliefs, inclinations or background may be.
In a brief reading of Proverbs, I identified over 70 passages that address wealth, finances and money. The first passage is found at the bottom of this article
In the weeks to come, I plan to post a new proverb on the weekdays that I’m not publishing other articles. This should take us well into 2017.
Enjoy. And profit from the wisdom found in Proverbs.
Cheers, Paul
Proverb #1: Honor the Lord with your wealth and with the firstfruits of all your produce; then your barns will be filled with plenty, and your vats will be bursting with wine. Proverbs 3:9-10 (ESV)
P.S. A large portion of Proverbs is ascribed to Solomon, king of Israel: dates for Solomon’s reign are circa 970 to 931 BC. He’s the guy who said “there is nothing new under the sun.”
And for examples of contemporary Jewish ‘wisdom’, I give you…..
Showing up is 80 percent of life. — Woody Allen
Success breeds complacency. Complacency breeds failure. Only the paranoid survive. — Andy Grove (1936-2016) co-founder of the Intel Corporation. As a Jewish lad growing up in Nazi-occupied Hungary, Mr. Grove knew a thing or two about paranoia.
© 2016 Paul J Reimold
Scripture quotations are from the ESV® Bible (The Holy Bible, English Standard Version®), copyright © 2001 by Crossway, a publishing ministry of Good News Publishers. Used by permission. All rights reserved.
You can’t spend what you ain’t got – this line is part of a song by McKinley Morganfield, aka bluesman Muddy Waters (You Can’t Lose What You Never Had)
In reality, people today do spend what they don’t have and get buried in debt. But I seriously doubt Mr. Morganfield had an AMEX or Visa in his pocket when he left Mississippi for Chicago. Continue reading “You can’t spend what you ain’t got: Why You Need to Automate Your Savings”
Author David Bach (The Automatic Millionaire) coined the term ‘Latte Factor’ over ten years ago. The point being made: small, habitual (shall we say, mindless) expenditures add up over time. This leads to a missed opportunity to save, invest and build wealth. I also make a similar argument in ‘Catch the Little Foxes’.
So, let’s pick on the 4-dollar latte. Say you stop at a local coffee shop to pick one up most weekday mornings. We will just focus on the financial cost and not the time you spend waiting in the store queue for said latte to be prepared.
That’s $4 a day, $20 a week, approximately $1,000 a year. Continue reading “The Morning Latte: Traveling the Road to Ruin on 4 Dollars a Day?”