Financial Advice

Now that I am no longer a "professional" financial advisor, I am free to talk about financial issues and dispense financial advice on my blog without breaking any rules. I am excited about that since personal finance is one of my passions.

The married couples Bible study group I facilitate is doing a small series on Biblical stewardship, so I will post my notes here. The high-level outline of our series goes like this:

• What are some general principles we can glean from the Bible on how God would like us to handle our money, how we should view money, etc.?
• On a practical level, what are the financial goals that we should be considering?
• How do we budget effectively?
• How much and what kind of insurance do we need?
• How do we get out of debt?
• How much money will we need to retire and how do we best go about saving for it?
• How do we save for college expenses for our kids?

Obviously the Bible does not speak specifically on most of these issues, so much of this is a search for wisdom, weighing the options available and trying to apply the principles we do find in the Bible.

I'll begin tomorrow by posting my notes from the first discussion.