Tag: Book of Proverbs
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No Credit is the New Credit
The cornerstone of King Solomon’s advice on money management is prudence. His many Proverbs on building a prosperous life emphasize hard work and carefully husbanding resources. For many Americans today, that means ditching credit cards in favor of the plastic equivalent of cash – the debit card. And that’s a change that has some economists…
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Overseas Radio Network: the Voice of Prudence for American Expatriates
One of the most important virtues in the Proverbs of King Solomon is prudence – cautious action based on wisdom and wise advice. “To understand the words of prudence,” he says in Proverbs 1:3. And, as we’ve pointed out in these posts before, prudence is an essential ingredient of successful financial choices. Now, as more…
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Tapping IRAs to Fund Investments: A Prudent Choice?
“Old age is a crown of dignity, when it is found in the ways of justice,” says King Solomon in Proverbs 16:31 – one of his many proverbs about reaping the rewards of a wise and careful life. But many Americans nearing retirement age haven’t saved enough to retire and enjoy the rewards of that…
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When Sinners Entice Thee: Online Investing Scams
King Solomon’s advice for living a blessed and prosperous life includes many warnings to avoid enticements by the sinful – liars and cheaters determined to undermine efforts to keep to a righteous path. “My son, “he says in Proverbs 1:10, “If sinners shall entice thee, consent not to them.” In the world of investing, the…
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Millennial Job Seekers: A New Lost Generation?
Although the words of wisdom in King Solomon’s proverbs offer good advice for everybody, it’s also clear that the monarch also meant them specifically for the young. ”The parables of Solomon,’ he begins the book of Proverbs, “To know wisdom and instruction. to give subtilty to little ones, to the young man knowledge and understanding.”…
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Reverse Mortgages: A Prosperity Plan that Can Backfire
For King Solomon, the later years are a time to reap the rewards of a long prosperous life and enjoy the blessings of God. “Old age is the crown of dignity,” he says in Proverbs 16:31,” when it is found in the ways of justice.” But for many Americans of retirement age and beyond, money…
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New Rule Rewards Prudent Borrowers
As King Solomon says again and again in his Proverbs, prudence and responsible living according to the will of God leads to prosperity. “Get wisdom, and with all thy possession purchase prudence,” he tells us in Proverbs 4:7. That’s advice well taken in today’s tighter lending atmosphere, where the upcoming Qualified Mortgage Rule rewards prudent…
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Why the Loan Slowdown?
King Solomon, that wise and wealthy monarch, advised the rich to deal fairly and kindly with the “little guy.” “He that showeth mercy to the poor shall be blessed,” he says in Proverbs 14:21. Getting the nation’s big mortgage lenders to show some fairness to the victims of mortgage fraud and new loan applicants has…
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Fannie Mae and Freddie Mac: an Uncertain Future?
King Solomon advocates prudence in all things, and that includes patience and discernment about decisions. “Substance got in haste shall be diminished,“ he tells us in Proverbs 13:11, and that’s a truth reflected in the rollercoaster rise and fall of stock in government lenders Fannie Mae and Freddie Mac, whose fortunes soared dramatically and dropped…
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Lenders May Forgive Foreclosures
King Solomon’s world was very different from today’s. But his advice on living a life blessed by God through wisdom, prudence and dealing justly with others is timeless. And even though credit reports didn’t exist in his day, his proverbs on mercy and fairness come to mind as lenders in the current housing market open…