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Honor the Lord with your wealth, with the first fruits of all your crops; then your barns will be overflowing and your vats will brim over with new wine.
Proverbs 3:9-10
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August 15, 2014 by Michael Gauthier ·

GAP: An Easy-To-Follow Money Management Strategy

GAP: An Easy-To-Follow Money Management Strategy

Money affects many areas of our lives including our relationships, our health, and our future.

We all know that money is important, but the troubling fact is that sometimes money management can get complicated.

In the face of this complexity, it can be tempting to wing it and rely on our impulses – which many times can destroy our financial health and spread destruction to many other aspects of our lives.

Thankfully, there’s a simple strategy to bridge the gap between where we are now and where we want to be – a money management strategy that’s easy to remember and fun to use!

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Filed Under: Money Management, Phase 1: Foundation Tagged: GAP, money management

June 2, 2014 by Kevin Mercadante ·

Why You Should Pay Off Debt Before Investing in Stocks

Why You Should Pay Off Debt Before Investing in Stocks

In another approach to Phase I: The Foundation Phase, Step 4, Pay Off All Consumer Debt, we’re going to emphasize the need to pay off debt before investing in stocks. While that may seem like something of a repetition of our general advice to get out of debt, it actually rates a special discussion when it comes to investing in stocks.

There’s a myth – or perhaps an excellent example of wishful thinking – that it’s possible to invest your way out of debt. That’s a process of investing and growing your money until it reaches the point where it’s greater than your debt obligations. If only that were possible. More often than not, human emotion gets in the way, and the strategy turns into a recipe for failure.
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Filed Under: Debt, Investing, Phase 1: Foundation Tagged: debt, investing, pay off debt, stocks

May 5, 2014 by Michael Gauthier ·

How Power Dollars Can Improve Your Financial Plan

How Power Dollars Can Improve Your Financial Plan

I was asked the other day during a presentation, “How long will it take someone to be able to build their Foundation Phase?” Of course the short answer is, “It depends.” The longer – and more accurate – answer is, “It depends on how many power dollars you have.”

But what are power dollars? I define power dollars as the dollars coming in from your income stream that have no other purpose than to go to your financial plan and work for you. First, you have to understand that your largest, controllable financial asset is your income stream. What you do with this will determine your financial success in life.
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Filed Under: Budgeting, Giving, Money Management, Phase 1: Foundation Tagged: money management, power dollars

April 9, 2014 by Jasmine Trickel ·

How to Purchase a Home Without the Mistakes

How to Purchase a Home Without the Mistakes

You’ve made a strong offer with your Realtor® it’s been accepted. Congratulations!

But don’t get excited just yet. Oftentimes, buyers make mistakes that can jeopardize the sale.

Here are some tips to help you avoid mistakes and purchase with confidence:
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Filed Under: Phase 2: Accumulating Wealth, Real Estate Tagged: home purchase, mistakes, real estate

April 3, 2014 by Michael Gauthier ·

Should You Really Tithe During Hardships?

Should You Really Tithe During Hardships?

Perhaps you’re living paycheck to paycheck.

Bank accounts? Depleted.

Stress level? Through the roof.

I’ve talked with many families going through difficult times – unbelievable hardships that sap their energy and wallets. Occasionally I’m asked if I think they should tithe when their budget is upside down. The short answer is yes, but hang in there and allow me to explain why.
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Filed Under: Giving, Phase 1: Foundation Tagged: giving, tithing

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Phase 1: Foundation

  • Is Having Debt Really a Sin?

  • GAP: An Easy-To-Follow Money Management Strategy

  • Why You Should Pay Off Debt Before Investing in Stocks

  • How Power Dollars Can Improve Your Financial Plan

  • Should You Really Tithe During Hardships?

Phase 2: Accumulating Wealth

  • Is Having Debt Really a Sin?

  • Should You Give Your Advisor Authority to Trade on Your Behalf?

  • How to Keep Calm During a Stock Market Drop

  • How to Purchase a Home Without the Mistakes

  • The Benefits of Homeownership vs. Renting

Phase 3: Strategic Income

  • Should You Give Your Advisor Authority to Trade on Your Behalf?

  • How to Maximize Your Social Security Payments

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