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God’s word has a lot to say about finances, in fact, there are more than 2,300 verses in the Bible on the topics of money and possessions!

God did not leave us alone to fight all the financial pressures and challenges we face without His wise guidance and trustworthy principles.

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Payday and Installment Loans – Deadly Debt to Avoid

Chuck Bentley on 8/26/16 9:00 AM

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To our email subscribers: "Going Down: Tips for Dealing with College Debt" will be published next Friday, September 2. We apologize for any inconvenience

Originally posted at Christian Post August 26, 2016.

To learn Biblical answers to your financial questions, you can #AskChuck @AskCrown your questions by clicking here. Questions used may be lightly edited for length or clarity.

Dear Chuck, 

What is your view of payday lending? It seems like Crown would have some insight on the perils of such loans and whether there are alternative ways to secure a “small-dollar loan” such as through church lending clubs, or some other means.

Considering my options

 

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Homeowner Headache: Refinancing or Recasting at Mortgage?

Chuck Bentley on 8/19/16 9:00 AM

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Originally posted at Christian Post August 19, 2016.

To learn Biblical answers to your financial questions, you can ask Chuck your questions by clicking here. Questions used may be lightly edited for length or clarity.

Dear Chuck, 

My husband and I own a home and are trying to decide if we should change our mortgage to get in better financial health. I read recently about “recasting” a mortgage, which sounds a lot like a fishing term! Is that something worth considering? We’ve been looking into refinancing. What is the difference? 

Confused on Recasting

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Can I get Free From 4 Credit Cards?

Chuck Bentley on 8/12/16 9:00 AM

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Originally posted at Christian Post August 12, 2016.

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What Does it Cost Dallas Cowboy’s Running Back Alfred Morris to Drive a $2 Car?

Chuck Bentley on 8/5/16 9:00 AM

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Originally posted at Christian Post July 29, 2016.

To learn Biblical answers to your financial questions, you can ask Chuck your questions by clicking here. Questions used may be lightly edited for length or clarity.

Dear Chuck,

I was intrigued by a story I saw recently about the Dallas Cowboy’s running back, Alfred Morris, who signed a $3.5 million deal on top of more than $3 million he made playing for the Washington Redskins, and yet he still drives a 1991 Mazda 626 he bought from his pastor for $2 when he was a junior in college. He calls the car “Bentley,” and says he is determined to keep the car and refrain from a “flashy” lifestyle. Do you think that keeping a car “until death do us part” is something everyone should do?

Curious about Cars

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Climbing a Pyramid or Building a Business?

Chuck Bentley on 7/29/16 9:00 AM

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Originally posted at Christian Post July 29, 2016.

To learn Biblical answers to your financial questions, you can ask Chuck your questions by clicking here. Questions used may be lightly edited for length or clarity.

Dear Chuck,

I’ve read your book The Worst Financial Mistakes in the Bible, and heard you speak when you visited my church in Brazil. I´ve come across a situation that made me wonder what you and the Bible might think of Multi-level Marketing (MLM or network marketing). Several friends have approached me with opportunities, but so far I have declined. My wife and I have read about it a lot more since we were first approached. We´ve even read Robert Kiyosaki's  The Business of the 21st Century where he recommends MLM, but what do you think? I really would appreciate any advice you can provide.

Friends in Brazil


Dear Friends,

Greetings from America, and thank you for reaching out with such a great question.  The answer is complex and my honest answer runs the risk of offending some people, but in my experience, not all MLM opportunities are created equal, and that comes directly from the U.S. Government. In fact, I find many of the MLM opportunities very troubling.

Consider this: according to the Federal Trade Commission:

“In multilevel or network marketing, individuals sell products to the public — often by word of mouth and direct sales. Typically, distributors earn commissions, not only for their own sales, but also for sales made by the people they recruit. Not all multilevel marketing plans are legitimate. If the money you make is based on your sales to the public, it may be a legitimate multilevel marketing plan. If the money you make is based on the number of people you recruit and your sales to them, it’s probably not. It could be a pyramid scheme. Pyramid schemes are illegal, and the vast majority of participants lose money. If you’re considering buying into a multilevel marketing plan, get the details.”

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Sick of Medical Debt

Chuck Bentley on 7/22/16 8:00 AM

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Originally posted at Christian Post July 22, 2016.

To learn Biblical answers to your financial questions, you can ask Chuck your questions by clicking here. Questions used may be lightly edited for length or clarity.

Dear Chuck,

My husband and I could really, really use some financial advice. We are both in our 20's, have a baby, and have been married for a little over 4 years. Unfortunately we've acquired quite a bit of debt, mostly from medical bills because I did not have insurance. But we do have some debt from other sources also. I was wondering if going through a Christian debt consolidation company would be a good way to go. I'm very overwhelmed and would appreciate any help. 

Sick of Medical Debt

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Baywatch Bummer – Lessons from Divorce Issues

Chuck Bentley on 7/15/16 9:00 AM

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Originally posted at Christian Post July 15, 2016.

To learn Biblical answers to your financial questions, you can ask Chuck your questions by clicking here. Questions used may be lightly edited for length or clarity.

 Dear Chuck,

I saw recently that the former Baywatch star David Hasselhoff headed to court to try and challenge the judicial order to pay his ex-wife $21K a month in alimony. I’ve read his assets went from $1.2 million in the bank to $600 after his divorce. What happened here, and how can I avoid this kind of financial fall?

Bummed for Baywatch Star.

Dear Bummed,

After decades of being known as “the most watched man on TV,” actor David Hasselhoff said in legal documents that his finances are a disaster, telling the court that his monthly expenses are $72,415 a month, including $21K in alimony to ex-wife Pamela Bach, and more than $18K a month going to support his two adult children who live with him. He’s asking the court for some relief, including an end to the alimony payments from the breakup of his marriage in 2006.

There is a lot for all of us to learn from this tragic story.

Famous, infamous, or unknown to the world, it is best to work to stay married because divorce is disastrous for everyone. And it’s been that way from the very beginning. In Matthew 19, the Bible records this exchange between Jesus and religious leaders of the day on the subject of marriage.

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Can You Recover from Mistakes At Work?

Chuck Bentley on 7/8/16 9:00 AM

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Originally posted at Christian Post July 08, 2016.

To learn Biblical answers to your financial questions, you can ask Chuck your questions by clicking here. Questions used may be lightly edited for length or clarity.

Dear Chuck, 

I’m embarrassed to say that I really messed up at work. I’m not sure what to do next, and I’m wondering how to win back the good will of my employer. Is it possible to resurrect a reputation at work? 

Weeping over Work

Dear Weeping, 

The answer is yes! You certainly can recover from terrible mistakes at work. In fact, it is an opportunity to improve not only your reputation, but also your overall work relationships. 

Rest assured, no one is perfect. Find me a person who has never made a mistake on the job, and I’ll show you a person who has never held a job. We are all vulnerable to errors and misjudgments. 

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Founding Fathers Advice on Debt

Chuck Bentley on 7/1/16 9:00 AM

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Originally posted at Christian Post June 24, 2016.

To learn Biblical answers to your financial questions, you can AskCrown by clicking here. Questions used may be lightly edited for length or clarity.

Dear Chuck, 

With the Fourth of July coming up, I’ve been thinking that the Founding Fathers would roll over in their graves if they knew the kind of debt America is in. Time magazine recently reported that “Most critics of the (national) debt cite the fact that at $19 trillion, the national debt represents about 102% of the U.S. gross domestic product, the sum total of all the economic activity in this country each year.” Consider me a critic! It’s amazing to me that our country can owe more than the economy makes. What advice would you have for Uncle Sam? Is America in financial trouble? 

Praying God will Bless America

Dear Praying, 

I saw that story in Time which noted that with the debt load the U.S. carries, it amounts to $42,998.12 owed per man, woman and child. I find that tragic and ridiculous considering the decreasing number of Americans in the workforce. Add this amount to every household budget in our country and we have a serious problem. The math for repayment simply does not work. 

The best piece of advice I can first offer you is found in your letter. We Christians – especially on America’s birthday – need to be praying for our country and for the election coming up. America needs God’s help for all the issues we face, and certainly a leader that can rein in the out of control federal spending should be among our prayer requests.  

When it comes to debt, it’s important to understand the tension between having some debt and balancing a budget. The country’s debt has been allowed to increase, in part, because the government can manipulate the currency, interest rates and a number of factors to force the math to look good… on paper. 

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Learning Lessons from Losing $4.5 Billion

Originally posted at Christian Post June 24, 2016.

To learn Biblical answers to your financial questions, you can AskCrown by clicking here. Questions used may be lightly edited for length or clarity.

Dear Chuck, 

I have been fascinated by the news stories about the embattled founder of the medical testing company Theranos, Elizabeth Holmes, who lost $4.5 billion – BILLION – and it is really hard to understand how someone can go from the top of Forbes richest people list to the bottom. Is there Biblical advice on how to avoid that kind of rise and fall? I have a business that I operate and I want to avoid that kind of disaster.

Working Hard for the Money

 

Dear Working, 

Thank you for the question. I’ve been fascinated by the story as well, which has all the drama of a Greek tragedy, and some lessons for those who want to create their own “unicorns” – an industry term for start up companies valued at over a billion dollars. Perhaps the whole tragedy could have been averted if a little more of Biblically recommended caution had been applied by those who first heard about the venture. 

As Christians we are urged to “be wise as serpents and innocent as doves.” (Matthew 10:16). Theranos founder Elizabeth Holmes told the world that she has built a better medical mousetrap – claiming she could revolutionize the world of blood testing, which impacts many people. But according to pending lawsuits, words and deeds did not match up. Blind faith is never a good thing in investing.

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