Before you go out there and spend a lot of money on things you may want to classify them. A liability is something that loses value or worth after you have obtained it. For instance if you go out and buy a brand new car and you drive it off the lot it is a liability.That car is going to be worth less before you get to the street. In fact it is going to lose about 3 THOUSAND dollars before you get home something to think about before you get to the lot and blow your tax return. I will have more to say about tax returns later. Later
Monday, January 24, 2011
Sunday, January 23, 2011
The Love of Money
Truly it is almost a cliche to say the love of money is the root of all evil but honestly isn't it the truth. Most of the heinous acts that occur in the world are as a result of the desire to have or make money. But, one thing is for certain if you wish to make an impact on this world you will need resources to do it.
Now many idealistic people act as though they are above having or needing money but even these people when pressed will admit that having money beats not having it. That being said, that is not what this site is about. This blog is about using what the devil meant for bad for what God means it to be used for which is good. Whether you are trying to ensure that your child can afford to go to college, or you can take the vacation of a lifetime this blog is a resource for those who wish to make there money go further. The Lord commands us to be good stewards to all that he gives us and because that is true part of being a good steward is learning to make your resources grow. You may not have a clue right now how to do that but keep listening and take some notes and we will show you how. It is not enough to just sit on the sidelines and wait. The Word says that faith without works is dead.
Money is a resource and it is a finite tool that we can use. Most of us do not have an unlimited supply some terms that are essential to be aware of are:
Investment
Asset
Liability
Investing
Short term
Long term
Income
Expenses
Capital
Mutual Fund
and
Stock
this is by no means an all exhaustive list but these are some great terms to get started.
Now many idealistic people act as though they are above having or needing money but even these people when pressed will admit that having money beats not having it. That being said, that is not what this site is about. This blog is about using what the devil meant for bad for what God means it to be used for which is good. Whether you are trying to ensure that your child can afford to go to college, or you can take the vacation of a lifetime this blog is a resource for those who wish to make there money go further. The Lord commands us to be good stewards to all that he gives us and because that is true part of being a good steward is learning to make your resources grow. You may not have a clue right now how to do that but keep listening and take some notes and we will show you how. It is not enough to just sit on the sidelines and wait. The Word says that faith without works is dead.
Money is a resource and it is a finite tool that we can use. Most of us do not have an unlimited supply some terms that are essential to be aware of are:
Investment
Asset
Liability
Investing
Short term
Long term
Income
Expenses
Capital
Mutual Fund
and
Stock
this is by no means an all exhaustive list but these are some great terms to get started.
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