Starting Over Financially

Women talking about money

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money   M As two women talking about money we bring a bit of a different perspective to the table.  The Proverbs woman was a business woman bringing in profits as well as overseeing her household.  Today’s woman makes at least 80% of all consumer purchases.  We are the primary buyers of goods and services.   V That’s lots of market place power.  Consider that when you enter a store, go online, or order a service. You are voting with a powerful force, the […]

Helping children

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money   M I wish my generation got it all right in training our children in financial accountability.  We tried.  One area of failure was in demonstrating that debt was OK. We see a whole generation in the fallout of exactly that kind of behavior, children and parents now buried in student’s loans, consumer debt, and with little or no ability to budget or reign in expenses.   V There are times to help children, and one of those is when they are demonstrating […]

Helping Family #2

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money   M As a parent how do we know when to help our children?  Prayer, wise counsel and careful objective evaluation can help us discern  In James 1 the Lord promises wisdom when we ask him for it.   V One of the hardest things I’ve ever done as a parent was to sit back and let one of my  children suffer the natural consequences of their actions, even when I was capable of stepping in and “rescuing “them  in that circumstance. But […]

Helping family

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money   M The Bible has rough words about those that do not provide for their family.  But it also has advice in Proverbs about accommodating fools.  We need to discern when our family members need help, and when we are just helping someone act foolish and enable bad behavior.   V We have been clear with our children: when they are moving forward doing positive, God honoring things, we will help give their efforts “rocket boosters,” but if they are making decisions and […]

Prepared to give

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money   M Some folks wish to be generous, but don’t think they can.  It is very hard to focus on others and look to help meet their needs when you are drowning in your own financial issues.   V  Ultimately it is helpful to get your house in order, then to gather extra to share. I have heard some say they just don’t need much and don’t want to be materialistic, so they don’t need to work that hard.  But someone needs to […]

Growing in generosity

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money   M Scripture is clear.  We are to be generous, gladly generous. II Corinthians 9: 6, 7.  Comparing what we have to others who have more is a sure way to crush any generous spirit. V Instead focus on how God has blessed YOU. Just thinking of that can steer us toward contentment and turn our thoughts to others that need our generosity. Our hearts have to be others focused.  But we need more than just the desire to be generous.  We need […]

Growing more generous

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money   M Do you want to be more generous? II Corinthians 9: 7  “Each of you should give what you have decided in your heart to give, not reluctantly or under compulsion, for God loves a cheerful giver.”   V Step one. Change your thinking.  Most in the world are living on much less than what we have right now.  It helps to get Christ focused and Others focused to set our hearts in the right place.  Self focus on what we want […]

Learn a little at a time

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money     M Learning about investing can feel overwhelming.  Better to take a little at a time, than bite off too much and then give up.   V Some classic resources  on this are Peter Lynch’s Learn to Earn: A Beginner’s Guide to the Basics of Investing and Business.  Another is Tony Robbins Unshakeable:  Your Financial Freedom Playbook. These are in layperson terms and practical.  We also recommend The Intelligent Investor by Benjamin Graham.  While first released in 1973, this book is regularly […]

Easy investing

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money   M We’ve been talking about easy ways to invest.  A beginner might chose an exchange traded fund that is simple and known.  Lets look at Standard and Poor 500 exchange traded fund.   V Understanding what the S&P 500 is and what a fund tracking fund does is reasonable for the average investor. There is risk, the value can go down or up. Still it’s a good place to start. This fund is made up of 500 of the largest companies in […]

Starting to invest

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money   M My favorite way to describe investment opportunities is by comparing them to a grocery store.  You have a deli section, fresh produce, bakery, canned things.  Imagine an investment grocery.  You have a stock section (equities) bonds, bank savings account, and a shoe box.   Val, what’s an easy way to start?   V Universal great advice is to invest in what you know. It’s tough.  Many  companies in the exchanges have extremely complex operations.  A place to start could be  a good […]

Use cash

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money   M Spending using cash is old fashion. Old fashioned but smart. If you have that old time favorite–the change jar– taking out, counting out, focuses you on what you are buying and why.   V Businesses estimate an increase in spending when a debt or credit card is used.  Somehow that swipe just does not feel like you are parting with anything (until you get the bill). In our household, we put our credit cards in a drawer at times.  It takes […]

Savings strategy

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money   M We know that saving money can be challenging, easy to postpone.  Here’s a tip to help– limit your access.   V We helped our sons set up savings accounts at a bank, and encouraged them NOT to sign up for  online banking tools even that debt card. This means, YES, they actually had to go into the bank, during banking hours, to get their money out.  Result:  A LOT less likely to withdraw than just swiping a card or typing in […]