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Archive for the ‘debt-proof living’ Category

Book review: ‘Your Money God’s Way’ by Amie Streater

Posted by Suzy Taylor Oakley on November 1, 2010

In the 16 years I have been reading about personal finance (specifically, debt-free living), I have read a lot of books, studies, articles and scriptures on the topic and have gathered a ton of tips and advice.

And after the umpteenth book, I’ve been tempted to conclude, “You’ve read one get-out-of-debt-book, you’ve read them all.”

Amie Streater’s “Your Money God’s Way: Overcoming the 7 Money Myths that Keep Christians Broke” is different. But in a surprising way.

She uses words like “stupid,” “annoying” and “creeped out.” The woman doesn’t pull any punches. She tells it like it is.

And, while I am guilty of being brutally blunt at times (not as much as I used to, praise God), this woman takes the prize.

But once you get over the shock of reading sentences such as, “That’s the stupidest thing I have ever heard!” you grow to appreciate her candor.

She’s the Dr. Phil of Christian debt counseling.

And, yes, she is a Christian counselor – an “associate pastor for financial stewardship” who has met with countless individuals and couples who have screwed up their lives with bad money decisions.

(Haven’t we all screwed up royally in one way or another?)

Streater’s style may be blunt, but she offers solutions. She points out our “counterfeit convictions” and counters them with biblical wisdom, citing scripture to back up her advice. Many of those verses talk of God’s grace and his abundant love for us. He doesn’t want us to “live in chaos, frustration, lack, and debt,” she concludes.

And Streater doesn’t just talk the talk. She has walked the walk and lived to tell about it.

After all, God uses the fears and foibles we have overcome (with His help) to lead others to the light.

This book gives light. You’ll profit by reading it.

Disclosure of Material Connection: I received this book free from the publisher through the BookSneeze.com book review bloggers program. I was not required to write a positive review. The opinions I have expressed are my own. I am disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255: “Guides Concerning the Use of Endorsements and Testimonials in Advertising.”

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Posted in books, debt-proof living, frugal living, God, money, reading, religion | 1 Comment »

Out with the old, in with the new

Posted by Suzy Taylor Oakley on October 18, 2008

I left my extremely stressful job last week and started a new one Monday. I don’t have a lot of time for detail this morning (groceries to buy, lawn to mow, fall flowers to plant, football to watch, etc.) but did want to update those of you who still check my blog occasionally.

I don’t want to disparage my former employer, so I won’t mention the name, but just let me say that my new company is a breath of fresh air. Or maybe I should say I can actually breathe at my new job – and take lunch breaks, and go home after eight hours. I loved the people I worked with at the other place, and the new job is somewhat a career switch (going from publishing to investments), but the new company is an extremely efficient, well-organized place to work. They seem to know what they’re doing.

The main thing is that I want to serve people by helping them with their finances (and I want to work at a place that doesn’t cause me insomnia).

I have been a volunteer with Crown Financial Ministries for the past few years, and that’s a little different from what the investment firm does, and yet the same. It all boils down to being good stewards of what God has entrusted to us.

So here’s to my new employer and 40-hour weeks!

Posted in debt-proof living, God, money, volunteering, work | 6 Comments »

Cardholders’ Bill of Rights

Posted by Suzy Taylor Oakley on March 15, 2008

I received this e-mail from Consumer Reports, which I subscribe to online. Note that I have not checked out the legislation the letter refers to, so I am not recommending yes or no on contacting your lawmakers to support the Credit Cardholders’ Bill of Rights. I will comment on it more later, when I know more about it.

Dear Suzy,

x

Bank of America recently announced interest rate increases, even for responsible card customers — some people reported new rates as high as 28%! And the bank didn’t make it easy to object.

x

To decline the rate hike, the bank required card holders to write a letter agreeing to stop using the card and pay off the existing balance at the old rate, according to news reports. They couldn’t telephone, nor did Bank of America provide a form or a return envelope to help meet the short deadline. If the company didn’t get a quick response, rates would automatically rise.

x

Bank of America is not the only bank to hit card holders with high rates and fees. Banks get to raise your interest rates, as well as the fees they charge for most services, because fine print clauses in your credit card contracts allow it. They don’t even have to tell you why they did it.

x

Tell Congress to protect card holders from unfair rate hikes, exorbitant penalty fees and other fine print “gotchas.”

x

As the economy softens, some Wall Street analysts believe that big banks want to make up their investment losses by raising rates to good credit card customers.

x

A bill proposed in Congress would help rein in that practice and limit other “gotchas.” The bill would protect cardholders against arbitrary interest rate increases; hidden interest charges, due date traps and more.

x

This bill is long past due! Tell your lawmakers that you support the Cardholders’ Bill of Rights.

x

And please, take one more moment to forward this message to people you know who use credit cards so they can join you in action for reform, too!

x

Sincerely,
Jim Guest
President
Consumers Union of the U.S.
101 Truman Avenue
Yonkers, NY 10703-1057

What I will say is that this is a kick in the pants: If you have debt, get rid of it! Because you know that this company is not the only one that is dreaming up new ways to profit from us.

Give me your tips on living debt free.

Posted in debt-proof living, frugal living, money | Leave a Comment »