“Be sure you know the condition of your flocks, give careful attention to your herds” Proverbs 27:23 (If you have stocks and bonds, think of them as your flocks and herds)
You say right off the bat. 1st give 10% to the lord? That falls into tithing. Which means one has to belong to an "organized religion" Having been raised catholic and went to a catholic church, which I walked away from years ago. IMO those who have "true, real, faith and spirituality" in the "lord" comes from within. There's no need to "tithe" or give 10% to the "lord" via human hands. The lord knows and sees the righteous and faithful. And not through any "organized religion"
Your mention also of all the inflation and the devalued dollar. Actually has happened in the last 4 years. And the millionaire & billionaires you speak of are the previous administration.
I thank "God" we have DJT in office with a phenomenal team that will finally work for "We the People" No, it won't happen overnight and there's a lot to be done. But cleaning house of all the tyrants and having full "transparency" is a heck of a good start.
Erica, I’ve been sick or would have answered sooner. We agree on almost everything. Let me expand a little on the statement “first give 10% to the Lord”. Since I’m a Christian, it’s natural for me to think of any giving that we do is “for the Lord”, but interestingly, the principle of giving at least 10% of income away is good for anyone, whether believers or not.
It’s a discipline that will usually keep one out of debt, because so much of debt is from lack of discipline.
It’s the development of a character trait that trains us to think of others first.
It’s a way of encouraging and supporting whatever causes are important to you.
Putting giving and saving as the first items in a budget forces us to live on the remainder.
This is all something good to think about. My thought is that I should use $10 and put into the housing people(group) you spoke of. Your whole piece had a smooth flow and no spot of fear, but we know God is in control of all things.
Thanks for the info. If you go the treasurydirect route you should know that it can take a year to sell your bonds should you decide to. I read that recently. I bought a 10k ibond in 2022 when inflation was at around 8%. I don’t think it is going away anytime soon. An idea I read about just yesterday was making loans or investing directly in a small business. Examples given were dental offices (low risk, high cash flow) and restaurants - riskier. You would need more money for that but not a massive amount, maybe 5 or low 6 figures. Dentists often buy into a practice for access to equipment and a reliable flow of patients. I found that idea Intriguing
Short term T-Bills can be sold at the next auction, which is usually every few days. It only takes a few online clicks. When I hold a 13week T-bill, it doesn't have to be sold unless I can't wait the 13 weeks. The money is automatically returned to my bank for the face value of the bill, which of course I bought at a discount.
But your info is good to know in regards to longer term treasuries, which are called bonds instead of T-Bills. I didn't know it took a long time to sell them.
That's interesting about dental offices. How do you find the opportunities?
The article I read discussed a guy in LA (where good looking choppers are highly favored) who schmoozed with dentists and made a lot of money out of finance in equipment and loans to new practitioners. Can’t find the link right now but it was very generic. The distinction between T-bills and bonds is an important one, thanks for sharing this!
You say right off the bat. 1st give 10% to the lord? That falls into tithing. Which means one has to belong to an "organized religion" Having been raised catholic and went to a catholic church, which I walked away from years ago. IMO those who have "true, real, faith and spirituality" in the "lord" comes from within. There's no need to "tithe" or give 10% to the "lord" via human hands. The lord knows and sees the righteous and faithful. And not through any "organized religion"
Your mention also of all the inflation and the devalued dollar. Actually has happened in the last 4 years. And the millionaire & billionaires you speak of are the previous administration.
I thank "God" we have DJT in office with a phenomenal team that will finally work for "We the People" No, it won't happen overnight and there's a lot to be done. But cleaning house of all the tyrants and having full "transparency" is a heck of a good start.
.
Erica, I’ve been sick or would have answered sooner. We agree on almost everything. Let me expand a little on the statement “first give 10% to the Lord”. Since I’m a Christian, it’s natural for me to think of any giving that we do is “for the Lord”, but interestingly, the principle of giving at least 10% of income away is good for anyone, whether believers or not.
It’s a discipline that will usually keep one out of debt, because so much of debt is from lack of discipline.
It’s the development of a character trait that trains us to think of others first.
It’s a way of encouraging and supporting whatever causes are important to you.
Putting giving and saving as the first items in a budget forces us to live on the remainder.
This is all something good to think about. My thought is that I should use $10 and put into the housing people(group) you spoke of. Your whole piece had a smooth flow and no spot of fear, but we know God is in control of all things.
Thanks, Larry. God is definitely in control but at the same time, he wants us to be good stewards.
Thanks for the info. If you go the treasurydirect route you should know that it can take a year to sell your bonds should you decide to. I read that recently. I bought a 10k ibond in 2022 when inflation was at around 8%. I don’t think it is going away anytime soon. An idea I read about just yesterday was making loans or investing directly in a small business. Examples given were dental offices (low risk, high cash flow) and restaurants - riskier. You would need more money for that but not a massive amount, maybe 5 or low 6 figures. Dentists often buy into a practice for access to equipment and a reliable flow of patients. I found that idea Intriguing
Short term T-Bills can be sold at the next auction, which is usually every few days. It only takes a few online clicks. When I hold a 13week T-bill, it doesn't have to be sold unless I can't wait the 13 weeks. The money is automatically returned to my bank for the face value of the bill, which of course I bought at a discount.
But your info is good to know in regards to longer term treasuries, which are called bonds instead of T-Bills. I didn't know it took a long time to sell them.
That's interesting about dental offices. How do you find the opportunities?
The article I read discussed a guy in LA (where good looking choppers are highly favored) who schmoozed with dentists and made a lot of money out of finance in equipment and loans to new practitioners. Can’t find the link right now but it was very generic. The distinction between T-bills and bonds is an important one, thanks for sharing this!