Tag: Book of Proverbs
-
Social Media Activity Can Sink Loan Applications
Prudent people pay attention to wise advice to steer clear of reputation-damaging people and places, as King Solomon tells us in Proverbs 2_11-12: “Counsel shall keep thee, and prudence shall preserve thee, that thou mayst be delivered from the evil way, and from the man that speaketh perverse things.” While the wise king had actual…
-
Make Your Own Digital Money? Now Anyone Can
King Solomon tells us that wisdom and prudence are more desirable than the “merchandising of silver.” (Proverbs 3:13-14) And the great King was surely the arbiter of the value of silver, gold and other kinds of currency in his kingdom, just as governments and banks do in modern times. But the rise of the Bitcoin…
-
The Federal Reserve Plots a Course for the New Year
“Blessed is the man that findeth wisdom, and is rich in prudence,” King Solomon tells us in Proverbs 3:13-14. “The purchasing thereof is better than the merchandise of silver, and her fruit than the chief and purest gold.” And now, as the Federal Reserve’s Open Market Committee, or FOMC, prepares to meet for the first…
-
5 Resolutions for Better Investing in 2014
It’s that time of the New Year again, when resolutions are made and broken. But alongside the usual plans to lose weight, get organized or learn to dance, it’s not a bad idea to put some of that resolve into managing your investments. Inspired by King Solomon’s advice from the Book of Proverbs to act…
-
Top 5 Money Stories of 2013
In the first verses of the Book of Proverbs. King Solomon tells us that his words are meant to help others “to know wisdom, and instruction.” (Proverbs 1:2) In the spirit of the great King’s intention, we’ve been bringing you the trending topics of our day that affect investing and prudent money management. Here’s a…
-
New Rules Change the Lending Landscape in 2014
“The path of the just is a shining light,“ King Solomon says in Proverbs 4:18. Today, a string of lawsuits and new laws are attempting to bring justice to the ethically challenged US mortgage lending industry. And these efforts to protect consumers and hold lenders to new standards are changing the landscape of lending in…
-
New Debt to Income Ratio Rule May Cool Borrowing
King Solomon reminds us that wisdom and equity go hand in hand – and create the foundation for a prosperous blessed life. But efforts to create an equitable solution can have unintended outcomes. That’s what may happen in 2014, when new provisions of the sweeping Dodd Frank Act tighten up borrowing standards in an effort…
-
Hackers Take Advantage of Outdated Card Security
Lying tongues and creators of wicked plots are among the things the Lord abhors, as King Solomon tells us in his Proverbs. As the fallout from the recent theft of data from millions of Target customers continues, new information is emerging about how those cyberplotters were able to swipe that kind of data so easily…
-
The Ven Follows the Bitcoin’s Footsteps
King Solomon tells us that knowledge is more valuable and more enduring than silver and gold – the coin of his day. But as the Bitcoin ushers in a new way of thinking about money in today’s digital world, specialized digital currencies like the eco-friendly Ven are demonstrating that a bit of knowledge – and…
-
The Fed Starts to Taper – But Who Benefits?
A king’s throne is strengthened by clemency, King Solomon tells us in Proverbs 20:21, so that the whole country benefits by gestures of support from the top. Though there’s no throne involved, the Federal Reserve’s massive stimulus plan reflects the same intent. And now, with its recent decision to begin tapering down that plan, financial…