by John | Jul 21, 2016 | 1-Growth, Cash Management, General
A professional financial counselor’s advice to a young woman who feels like she is drowning in debt. Counsel based on Dale Clarke’s Cash Flow Index idea.
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Yesterday, I summarized the predicament of Liza, The Girl with the Three Loans. I asked you, considering Liza’s circumstances, to think about what she should do (or should have done) to address her seemingly hopeless situation.
Today, I share the advice of Tim Cardon, an advocate for Dale Clarke’s “Cash Flow Index.”1 It was Mr. Cardon who told me Liza’s story. He hoped it would help me understand and embrace the value of CFI. (more…)
by John | Jul 20, 2016 | 1-Growth, Cash Management, General
Three loans weighing her down; which should she pay off first?
A nuts-and-bolts, real-life analysis of how to counsel someone who feels like she is drowning in debt. How can she escape the rip tide?
Today, I will set up the situation. In future posts, we will consider possible solutions to her problems. (more…)
by John | Jul 8, 2016 | Cash Management, General, Success
I don’t know when I first bumped into the concept. Probably sometime in my 30s. I called it “The Party Tithe”: 10% of my income totally for fun.
I got it from Deuteronomy 14:22-26 in the Bible. (more…)
by John | Jul 1, 2016 | Cash Management, General
If you are trying to get out of debt and you have more than one debt to pay off, is there a strategic “best way” to do so? We will evaluate three recommended strategies to eliminate debt. (more…)
by John | Jun 27, 2016 | Cash Management, General
If we could have stacked them in a pile, our backorder sheets in August 1994 would have made a column 13 feet high!
When Sarita and I first started our business, we operated it according to the principles we had learned concerning debt.
We had no debt. We never considered acquiring any. We didn’t want any. As I explained in my last post, if cleanliness is next to godliness, then debt, for us, was the next thing to sinfulness.
Further, beyond any of the emotional appeals or the lessons we had imbibed throughout our growing up years, we knew that cash worked just fine. And it kept expenses low. (No interest payments!)
But then . . .
(more…)
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