Tag: financial advice
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New Bills Target Housing Policy Reform
King Solomon was famous for finding equitable solutions to thorny problems – witness the story of his strategy to discover the true identity of a mother disputing wt another woman over custody of an infant. Now, as US lawmakers float two opposing bills on reforming government housing policy, it remains to be seen whether a…
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Growing Pains for the Bitcoin
What would King Solomon think of the Bitcoin? That wise monarch, whose words of wisdom about money have guided many to prosperity, lived in a world where money consisted of gold, silver and other exchanges of physical things – a tradition that continues to this day. The upstart digital currency, the Bitcoin, aims to change…
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King Solomon’s 5 Virtues for Investors
Across the millennia, King Solomon’s words of wisdom about living a godly life still speak to us, with truths that guide money management to this day. Throughout his book of Proverbs, the King has much to say about what characteristics can help an investor – and anyone — make sound financial decisions. And, interestingly enough,…
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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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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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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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Do Big Lenders Lack Mercy and Truth?
King Solomon’s Proverbs remind us that honesty and fairness are keys to living a life blessed by God. “Let not mercy and truth leave thee,” the king says in Proverbs 3:3. “Write them in the tables of thy heart.” But, as we’ve noted in this space before, the virtues of mercy and truth are in…
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Employment Gains May Slow the Federal Bond Buyup
“The slothful hand hath wrought poverty,” says King Solomon in Proverbs 10:4, “but the hand of the industrious getteth riches.” Encouraging news on the US employment front means more opportunities for the industrious and a boost for the economy as a whole – so much so that the Federal Reserve is announcing yet another change…
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The Federal Reserve Securities Buyup: Past Its Season?
“For every thing there is a season, and a time for every purpose under heaven.” So goes one of the most famous passages from King Solomon’s Book of Ecclesiastes. These first verses of Chapter 3 remind us that timing is everything. More than that, every thing’s season has its endpoint. Today, senior officials at some…