Thoughts On: Stewardship
Money is a private thing, it’s nobody else’s business, and it has sundered a number of families. That’s all true. But lack of planning about money has bankrupted and ruptured a lot of families as well. So, it is a topic worth discussing but needs to be thought through first. I start by discussing hopes and dreams and plans for achieving them. I don’t like the phrases “estate planning” or “financial planning” or “retirement planning,” because it is too easy to put off conversations and decisions to “tomorrow,” only tomorrow never comes. Make and execute plans today and discuss them [...]
Talk to Your Children About Money: From Saving to Financial Legacy
WHY DO WE SAVE MONEY? There isn’t a shortage of information surrounding why to save, how to save, and where to save. And after all, we have to plan for the unexpected and the expected—your first home, kids, college, retirement, and job loss. The list goes on. One thing for sure, saving can be a team sport for you and your family if you encourage it to be. So, talk with your children about money. HOW DO YOU ANSWER THESE QUESTIONS? Why do you save money every month? When do you plan to retire; earlier than the age of 66? [...]