Compass Catholic

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March 13, 2019  

Don’t Retire - Rewire

When people retire, many times the goal is to simply stop working. As our lifespan increases, retirement can be a time of great fulfillment by planning well in the following areas:

  • Talk to your spouse to develop a joint plan for retirement.
  • Use a budget before retiring to manage your income and spending in retirement.
  • Ditch the debt so you can be debt free when you retire.
  • Find a passion to use your talents and skills in serving others.

Retirement can be the most fulfilling time of your life if you plan to make it so.

The Compass Catholic blog has more thoughts on retiring well.

Check out our retirement calculators as part of your planning process.

March 6, 2019  

What is Your Definition of Financial Success?

We would all be a lot happier if we defined financial success based on our own life, resources, capabilities and progress. Judging your circumstances against other people can be disheartening. All God is calling you to do is be a faithful steward of the blessings he has given to you, with no regard to what the next person is doing

The Compass Catholic blog has more on defining financial success for yourself.

Based on a listener's question, here are the percentage guidelines for various budget categories. The link will download a spreadsheet to your computer. Use this as a starting point and customize it to fit your life. 

January 16, 2019  

Make Financial Resolutions You’ll Keep - Compass

Resolutions are popular on January 1, but by now most of them have been abandoned. Join us on the Podcast for some ideas about how to set resolutions you will actually keep. The key is making them part of a large important life goal and managing the daily activities you need to accomplish so you eventually reach your life goal.

The Compass Catholic blog also has some Bible verses for you to reflect on as work on your financial resolutions.

January 9, 2019  

Your 2019 Financial Plan - Compass Catholic

There are three things you should do to review your 2018 finances and get prepared for 2019:

  • Review your budget in 2018 and make the necessary changes for 2019. Which categories will decrease or increase in the new year?
  • Review where you are on the Compass Money Map. Which destinations are complete and which still have open items?
  • Calculate your Net Worth. Do you owe more than you own? Or is your net worth positive?

The Compass Catholic blog shares more about these three important steps to get ready for a successful financial year in 2019.

December 5, 2018  

Don’t Fool Yourself About Your Finances

Spending more than you make, not knowing the difference between wants and needs, using long term savings for short term purchases, not being generous, ignoring the need for retirement savings…it’s easy to convince ourselves that we are going the right thing with our finances when maybe we are just in a comfort zone.

Tune in or join us on the Compass Catholic blog to check out the ways you may be fooling yourself about your finances.

October 10, 2018  

Social Security - Will it be There for You?

Social security is only supposed to supplement your retirement income. It is not designed to provide your entire retirement income, so you need to save for retirement in a big way.

It’s up to each one of us to stop relying on the government to take care of us in retirement.

Join us for a discussion about Social Security and read the Compass Catholic blog for more about how secure Social Security really is.

September 26, 2018  

How Much Does it Take to Feel Wealthy?

Is there more to life than accumulating money?  Join us for a discussion on a Charles Schwab survey about wealth in America. Interestingly the most common responses about what it takes for people to feel wealthy have nothing to do with money.

Read the Compass Catholic blog for more on being wealthy versus feeling wealthy.

August 29, 2018  

How to Manage Money in Your 20’s

Managing money well is not complex but it can be difficult if you aren’t paying attention to income and spending. Join us for tips on how to manage money well while you are in your 20’s. Your 50 year old self will thank you.

The Compass Catholic blog has more about millennial money management.