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Posts by Chuck Bentley

Chuck Bentley is CEO of Crown, a non-profit business and personal finance policy and educational organization, and author of “The S.A.L.T. Plan. How to Prepare for an Economic Crisis of Biblical Proportions” and “Root of Riches, What if everything you think about money is wrong?”
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Why Retirement Could Launch Your Next Career

According to Chris Farrell, in a recent article at Forbes.com, you can start a business in retirement.

Older workers have decades of experience, a network of contacts, and often more money than younger people to invest in a start-up company. They have lived through years of economic ebbs and flows and are often able to spot needs and market trends due to their years of study.

55-to-64 year olds made up 15% of new entrepreneurs in the 1997 Kauffman Index of Entrepreneurship, but the number jumped to 24% in the 2016 Index.

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5 Key Questions for Family Caregivers

In a recent article by Kelli B. Grant at CNBC, an estimated 43.5 million American adults work as unpaid caregivers; most are age 50 and above.

It used to be that large families pulled together resources to care for parents and grandparents, but with today’s smaller families, the care is spread among fewer children. Yes, we face a situation today of fewer caregivers for a growing population of the elderly!

$5,500 is the average out of pocket expense for caregivers, but a TD Ameritrade survey puts the annual support figure closer to $13,000 to help mom and $8,500 for dad.

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Packing List for Emergency Evacuations

If you only had 15 minutes to prepare for an emergency, an evacuation box could spare you from panicking and possibly save lives.

A number of years ago, my wife and I had to take emergency cover from a tornado headed our way. We had little time to react so Ann rushed around grabbing everything she thought was important to preserve. I remember being in the tornado shelter and Ann holding our checkbook and our wedding pictures. 

Tyra, at PreparednessMama.com, assembled a list of items you should store in an easy to carry, covered container. Regardless of whether you ever need it for an emergency, you will have it organized for other purposes.

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Have you had the (money) talk with your kids?

Many families struggle with when to let their children in on their
conversations about money. Or how to approach their parents in the desire to help or rest in the knowledge they have prepared financially.

My advice? The earlier, the better.

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What to do in a Booming Stock Market

Originally posted on the Christian Post on March 3

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,

Every time I turn on the news, I hear reports about new record highs in the stock market. I have some stock investment, but wondering if I should go bigger. Is there something I should be doing to take advantage of the energy in the stock market?

Stock Market Newbie

Dear Newbie,  

Great question! With a recent report in The Balance noting that the Dow Stock Market “has set 24 new record closing highs since the 2016 Presidential election,” many people are wondering the same thing.  No doubt, the market is riding a surge in optimism at the moment! The Goldman Sachs Risk Appetite Indicator hit its historic high in early 2017.

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Why You Should Keep Your Car Tank Half Full... All the Time

Alan Marcus, in an article at CostULessDirect.com, recommends keeping your tank at least half full at all times.

First of all, he says, if there’s ever a disaster in your area, the need to evacuate quickly, a pipeline break, or power outages, you will be able to drive for a while.

But he gives some other reasons. You are less likely to get stranded.

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What is your most precious possession? Would you be willing to give it away?

Three books of the Gospel record an event that demonstrated such love and sacrifice, that Judas, the disciple in charge of the moneybag, questioned the action. 

Mary, the sister of Martha and Lazarus, broke an alabaster jar of nard, poured it over Jesus’ head and feet, then wiped His feet with her hair. Nard, a powerful perfume from a plant grown in India was valued at more than a year’s wages. It was sealed in a jar that had to be broken in order to access the perfume. This possession may have been a family heirloom. Perhaps it was her dowry.

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5 Financial Tips for Newlyweds

My wife, Ann, and I got married at Christmas our senior year in college. This year we will celebrate 39 years of marraige! Unfortunately, it took us 21 years before we were on the same page financially.

A Crown Study was what finally got us on the same page about our money in 1999. There is so much freedom when spouses are united around what the Bible says about money and setting proper goals. But that doesn't make it easy! 

No matter how long you have been married, it is difficult to get on the same page as your spouse about money. But there's no better time to start than now, especially for young couples.

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8 Tips for an Affordable Wedding

Weddings are expensive! With the average cost of a wedding at $26,645, I am very thankful to have 4 boys! My church recently
announced the upcoming wedding of a young couple. The event will take place after our morning service, followed by a potluck and wedding cake provided by the ladies in the church. How practical is that!

A simple, beautiful and memorable celebration is possible if you ignore what the world says you need. Here are is my advice for throwing an affordable wedding and tips from Trent Hamm at TheSimpleDollar.com:

1. Decide how much you can spend. A specific and intentional budget is a must for planning a wedding. There are a lot of helpful guides online that you can use as a reference to how much you need to budget. No matter how tempting, don't spend more than you have budgeted for! 

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3 Surprising Steps to Getting Out of Debt

Originally posted on the Christian Post on February 24.

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,

Credit cards are killing me, and it feels like getting a handle on money is some kind of 12-step program. Where do I begin?

Feeling Overwhelmed.

Dear Overwhelmed,

Well, I have some good news and bad news. The good news is that it’s not the credit cards that are killing you. The bad news is that it’s the lack of savings!

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