Money

401(K) 2012 / Flickr.com https://tinyurl.com/y2osszzj

When you do a financial plan, where do you start?

Do you fund your retirement first or get out of debt? Is trying to save on taxes part of it? One marriage partner thinks you spend too much money on insurance, while the other worries that they are not sufficiently protected.

It can feel like you’re all over the map!

So back to the original question - where should we start?

My answer is to start with the most important thing – to you.

It is my contention that (1) you already have a financial plan, and (2) your plan is built around priorities.

Devon D'Ewart / FLICKR.COM https://tinyurl.com/ycgojqze

One of the most quoted verses in the bible is “money is the root of all evil.”

Except… it doesn’t say that.

What it actually says in 1Timothy 6:10 is, “The love of money is a root of all sorts of evil...” Did you catch the difference? It isn’t money that’s the problem. Money is neutral, neither inherently good or bad.

No, the problem comes in when someone starts to love money. Or what they think money can buy them.

The Cost of Living in North Louisiana is more than 10 percentage points below the national average, meaning families living in our region get more value for their dollar. The third quarter 2018 cost of living for the Shreveport-Bossier Metropolitan Statistical Area (MSA) is 90 percent of the national average.  The Monroe MSA’s cost of living is 89.7 percent of the national average of 100 percent.  

Dir. of Marketing & Communications / www.unitedwaynela.org/volunteer

United Way of Northeast Louisiana currently has volunteer opportunities available for those interested in helping Bastrop High School students learn money management at the Dollars & $ense Reality Fair, a financi

Path to Money Maturity

Jun 27, 2018
Tiz / Flickr.com https://tinyurl.com/y9vsgoof

I could summarize a question (often asked in the form of a complaint) that I get over and over again – how do I instill money maturity in my children?

Based on what I’ve seen so far, the only perfect kids are grandkids. And I’m pretty sure no one has come up with a failsafe plan for how to raise those.

But I do believe if you at least know what you want, you know where to focus your efforts. So here’s my two cents on the path to maturity in life. And the ripple effect of this maturity will not only be felt financially, but also in every other area of life.

GotCredit / Flickr.com / https://creativecommons.org/licenses/by/2.0/

Congressman Clay Higgins campaign reports the former law enforcement officer has raised 218-thousand dollars during the first quarter of this year and has 211-thousand dollars on hand. Higgins had just 50-thousand dollars in the bank at the end of 2017. UL Lafayette Political Science Professor Pearson Cross says Higgins finally has his campaign fundraising operation going.

 

Pablo Fernandez / Flickr.com / https://creativecommons.org/licenses/by-nc-nd/2.0/

Topcashback.com surveyed thousands of adults asking their opinion on Valentine’s Day gifts that may have some of you scrambling for the receipts. Chief Communications Officer Natasha Rachel Smith says according to their results, materialistic gifts are out, and quality time is in.

 

Smith says that "the feeling from experiences" shared with loved ones is more important than short-term gifts.

 

Steven Depolo / Flickr.com

I once had someone come to see me about their mother. They described her as “totally obsessed with not spending money.”

Apparently she never went anywhere or spent anything, nor did she throw anything away. Her house smelled pretty bad due to all the old newspapers and magazines she kept.

She was widowed, but her late husband had left her with more than enough money. Her children would swear she never spent a penny of it.

It sounded like a plot from a reality TV show.

Junk Dynasty, maybe?

Tax Credits / Flickr.com / https://creativecommons.org/licenses/by/2.0/

Not everyone is rich. So, does the profession of financial planning have anything to offer to the average or even poor person? What could just plain old regular folks do to live better?

I have met individuals worth multiple millions who had no time, no love and no peace in their lives. I have also met others who could list all their possessions on the back of a napkin whose family, community and lifestyle were a constant source of joy to them.

So let’s begin with the understanding that wealth never made anyone rich and poverty never made anyone…well, poor.

Image courtesy of jk1991 at FreeDigitalPhotos.net

Sometimes the numbers seem to say one thing, but real life screams something else.

That’s the case when I talk to young people with lots and lots of college debt to pay off.

The voices in their head say something like this:

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