September 4, 2019
Recently, we were talking to the president of a Catholic Credit Union who mentioned the term “Financial Clutter” as all those things that get people off track with their finances.
Maybe it’s doing something you should NOT be doing or maybe it’s NOT doing something you should be doing. Financial clutter is whatever gets us off track from being a good steward of God’s blessings. Join us for a lively discussion on financial clutter.
The Compass Catholic blog has more on how to find and eliminate the financial clutter in your life.
August 28, 2019
When people retire, many times the goal is to simply stop working. As our lifespan increases, retirement can be a time of great fulfillment if you plan well. Not planning for retirement may result in a dead end feeling when you no longer have a reason to get out of bed every morning.
Finding a passion to use your talents and skills in serving others can result in a fulfilling lifestyle and a feeling of accomplishment during this season of life.
The retirement years can be one third of your adult life. What are your plans for loving retirement? The Compass Catholic blog has more about planning for happy, fulfilling retirement years.
One step in planning is to be financially prepared. Check out our retirement calculators to review your financial readiness.
July 17, 2019
We can get so used to doing things in the same old ways that’s hard to make a change. Any change can be difficult, but if you are successful with small changes, they can help you to succeed with large changes. Taking time to make small mindset changes can lead you to a path of financial freedom, just by concentrating on doing things differently and thinking about things differently.
Tune in for suggested mindset changes that can help you on the path to those significant changes. The Compass Catholic blog has more on this idea.
May 15, 2019
John Kennedy, CFP and fiduciary, offers advice on saving for retirement. Check out this link and look at page 13 for the intersection of your age and salary. Multiply your salary by the number in the intersection to see how much you should have saved for retirement at your current age.
John also comments on his personal experience with the Compass Catholic Navigating Your Finances God’s Wayand Set Your House in OrderBible studies. Not only did it help him in his financial planner role, it also helped him and his wife communicate about their personal finances.
Read the Compass Catholic Blog for more benefits of using a financial planner.
May 8, 2019
If you don’t have the knowledge and skill set, do-it-yourself financial planning can turn into a huge disaster. It’s hard to make objective financial decisions when you are emotionally involved with the outcome. Join us for a discussion about why using a financial planner will benefit you in the long term. We will also share the questions to ask a financial planner before you decide to work with them.
The Compass Catholic Blog has more on this topic.
March 13, 2019
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
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
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
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.