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6 Christmas Budget Busters - The most common traps to overspending at the holidays and tips on how you can avoid them

Christmas shopping can be the most expensive and stressful shopping experience of the entire year year. Many stores count on last minute, frantic shoppers to overspend out of desperation. Crown Financial Ministries has compiled a list of these Christmas Budget Busters for you to lookout for and tips on how to avoid them.

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Climbing a Pyramid or Building a Business?

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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Do you need to earn extra income? Consider sales.

If you need a way to earn extra money, you should consider a career in sales. You don’t have to be an extrovert or have a dominating personality to be successful, but you will need to work hard. Now, some people can sell and some people cannot, so don’t misunderstand me.  But, if you are able to sell a product or service it is a low investment with a potential high yield return on your time.

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