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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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4 Steps to Ask for a Raise

Originally posted on the Christian Post on February 17.

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,

I’ve been at my job for a while now, and I know that I make a valuable contribution to my company, but I don’t know how to go about asking for a raise. Employers seem to be able to say vague things about the economy being sluggish and rush past any conversation that involves compensation. What does the Bible have to say about how to have an uncomfortable conversation about compensation? Is it more “Christian” to take a lower salary and give up worldly riches?

Stuck with Sluggish Salary

Dear Stuck,

This will be fun! Hopefully this will cover the questions you are wrestling with and give you some tips for seeking a raise so you will be on track for a healthy increase in pay soon!

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Ever made a really bad decision? Want to know how to avoid another one?

In a recent article for Forbes, Chris Myers warns entrepreneurs to be careful about making big decisions when they are carrying a lot of stress. The acronym H.A.L.T., he explains, stands for Hungry, Angry, Lonely, and Tired.

He discovered that it wasn’t the amount of stress he carried, but the failure to identify triggers that released it, thus impacting his ability to make wise decisions.

Hunger: Whether physical or spiritual, check yourself. Are you hungry for worldly results, success or action? 

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Are you self-employed, trying to make ends meet?

The U.S. Bureau of Labor Statistics reported that in 2015, 15 million people, roughly 10% of total U.S. employment, were self-employed.

If you fall into that category I recommend you find a Godly mentor or team who will answer questions, counsel you, and help you grow your business. Find people who know the pressure of setting goals, meeting financial needs, and keeping the company growing.

Budgeting is key, especially when your income varies month to month. Don’t let the term budget frighten you. It will serve you IF you are willing to do a little work.

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If you are in the hunt to find a job or change careers, you need to do well in your interview.

A recent article at ToughNickel.com listed 10 things you should never say in a job interview. Here goes.

How much does this job pay?

Typically, money is not discussed during the first interview. If, at the end of the session the interviewer should ask what salary you expect, give a realistic range of salaries you can accept without pricing yourself out of the job or limiting your earning possibilities.  

What does your company make or do?

Do your research before the interview. Find the company online and learn as much as you can.

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Costco has changed their credit card policy

My wife and I both like to shop at Costco.  Not long ago I noticed that everything I had on was purchased at Costco. Yep, literally everything: my shoes, socks, pants, belt, t-shirt and long sleeved dress shirt had all come from Costco.  So, why am I telling you this? Millions of you probably like to shop there, and they recently made a big decision about credit cards.

Costco made a big switch, replacing the American Express Costco card with Costco Visa Anywhere card. This move is expected to save Costco several hundred million dollars in credit card fees. 

American Express had been the warehouse club’s card partner for 16 years, and while this move is a big benefit to Costco, so far some customers aren’t impressed by its replacement. 

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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 AskChuck your questions 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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Since both men are believers, how do we biblically handle not being paid for the job?

Chuck Bentley on 12/18/15 8:00 AM

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Friday's Handwriting on the Wall posts will feature Chuck's new ChristianPost.com column, Ask Chuck. Chuck will be answering questions about what the the Bible has to say about money. Please share on #financialfridays and submit your own questions here. @AskCrown

Originally posted at Christian Post December 18, 2015.

Dear Chuck,

My husband has his own small business, construction, and he was sub-contracted for another small business, also construction. Since both men are believers, how do we biblically handle not being paid for the job? (The main contractor) keeps promising, but not paying. Thank you!

A Concerned Wife

 

Dear Concerned Wife,

When it comes to a disagreement within the family of God, the Bible has some concrete advice. You’ve already taken the first step, but let’s look at the rest.

In Matthew 18:15-17, Jesus said: “If another believer sins against you go privately and point out the offense. If the other person listens and confesses it, you have won that person back. But if you are unsuccessful, take one or two others with you and go back again, so that everything you say may be confirmed by two or three witnesses. If the person still refuses to listen, take your case to the church. Then if he or she won’t accept the church’s decision, treat that person as a pagan or a corrupt tax collector.”

Your question implies that your husband has already spoken to him privately and received nothing but empty promises. Before taking the next steps outlined in Matthew 18, I suggest the following: 

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