Archive for March, 2008

Personal Finance Through the Bible: Genesis 4 – Jealousy

March 30th, 2008

Genesis chapter four always scared me as a kid.  The brothers Cain & Able were at odds because of their sacrifices offered to God.  Here they were supposed to be focusing on their relationship with God, but instead of identifying opportunities for growth, Cain goes and offs his brother.  The sacrifices identify the recognition of man’s need for something to take away the penalty of sin (which could only be done through the Messiah), and yet this sacrifice brings about jealousy and then murder.

Jealousy is something that I have had on occasion.  Particularly when it comes to technological contraptions and devices.  I don’t get jealous about houses or cars, but if you whip out a Mac Book Air, I’m going to have some serious envy.  Not enough to kill you for, but it will make me question my commitment to being debt free.  I could almost justify getting into further debt because of my pure lust for the next cool thing.  Of course the problem with greed and jealousy is that they’re not satiated.  You can’t satisfy them because they are only temporarily stayed.  Instead, we just find the next thing to fixate on.

As a Christian I need to be beholding Christ.  II Corinthians 3:18 says

But we all, with unveiled face, beholding as in a mirror the glory of the Lord, are being transformed into the same image from glory to glory, just as from the Lord, the Spirit.

This passage is worthy of an entire book as we look at the amazing content it reveals, but instead of fixating on earthly things, we’re called to behold the glory of the Lord (See Also Colossians 3:1-3).  If we’re beholding the Lord we’ll not find our lusts overpowering, we’ll not find jealousy to have any substance, instead we’ll find our fulfillment in being transformed into the image of Christ from glory to glory.  That’s much better than greed, jealousy and murder any day.

What Got Writ This Week

March 29th, 2008

This last week I starred a handful of great blog content from other personal finance blogs.  Check these out because if you don’t the terrorists have won!  Can you tell I’m low on sleep?  Because for some reason I find that adding, “… or the terrorists have won,” is funny again.

Mighty Bargain Hunger wrote about 11 ways to ease your commute.  It just so happens mine is only a few moments long as I walk into the office at my house, but for anyone with a real commute, there are some good tips.  I would add a twelfth tip: subscribe to podcasts.

We’re In Debt had a good reminder post: always backup your computer data if it is in any way important to you.  Now.  Yesterday.  Tomorrow.  Forever.  Think of the cost of not backing up data.

The Simple Dollar’s post on the wonders of cheap, healthful bean eating is actually the first compelling writing on beans I’ve seen since the musical fruit jingle was introduced to me in my youth (and Dave Ramsey says it in a negateive way, shame on you, Dave).

Gather Little By Little asked readers how the speed of gazelle intensity and offered some great feedback based on his own personal experience.

If You Must Watch TV – Watch it on the Cheap

March 29th, 2008

TV War - used with permissions of Creative Commons License: http://flickr.com/photos/midnight-digital/2269941524/If you like watching shows but don’t have or like the idea of paying for a DVR then save a few bucks and check out hulu.com.  It’s free to use and is sponsored by the TV networks.  That means that its free, legal media over the internet.  Yes, you have to watch it on a device connected to the internet, but I think that you can use a bunch of different devices that will do that, or you could just watch on a desktop computer or a laptop computer.

TV isn’t the most valuable thing you can do with your time, but its quite nice to have control over when you watch various things and know that the

How To Freeze Your Pillow

March 28th, 2008

I had written about freezing your pillow if you have allergies when this blog started last year.  Since then I’ve had various people link in looking for some sort of technique.  I guess I assumed that everyone would know to do the following:

  1. Remove the pillow case from the pillow (if you have no case on the pillow skip to step two)
  2. Acquire a plastic bag such as a kitchen wastebasket trash bag and hold it open while making sure that your head goes nowhere inside of the bag to avoid suffocation
  3. Insert the pillow into the plastic bag making sure that it fits in smoothly and is comfortable.  It’s going into the freezer so we have to at least be humane about the pillows placement in the bag
  4. Clear out space in the freezer that is big enough to squish the pillow into.  You may consider turning off the ice maker and removing the ice tray if that looks like it may fit some of the space of the pillow.  If you have a firm pillow you will probably want to fit the pillow in a width wise direction rather than causing lots of tension in a depth wise orientation, it could open the freezer and reduce the effectiveness of pillow freezing.
  5. Freeze the pillow for a work day while you’re out earning money
  6. Remove the pillow from the freezer and bag about an hour before you go to bed so as to let your head lay down on a warmish pillow
  7. Sleep well

A Note to the Power Company

March 27th, 2008

Dear Power Company,Sorry for the huge increase in power consumption last night.  Neither myself or my wife happened to shut the windows in the front room when we went to bed and as the temperature dropped to around thirty-four degrees the heater ran all night.  Fortunately we caught it this morning and all of the temperatures appear to be balancing out as well as a reduction in heater use.Doh!Randy Petermanhttp://www.watchmymoneymaker.com

A Letter From Abraham Lincoln to Mr. Johnston

March 25th, 2008

Dave Ramsey mentioned this later on a recent podcast episode (which could have been a repeat) and so I looked it up.  It can be found online in a collection of his writings here.  However, I thought you might like to read the letter because it is quite interesting to see Abe’s approach to helping his family.

Dear Johnston, Your request for eighty dollars I do not think it best to
comply with now. At the various times when I have helped you a little
you have said to me, “We can get along very well now”; but in a very
short time I find you in the same difficulty again. Now, this can only
happen by some defect in your conduct. What that defect is, I think I
know. You are not lazy, and still you are an idler. I doubt whether,
since I saw you, you have done a good whole day’s work in any one day.
You do not very much dislike to work, and still you do not work much,
merely because it does not seem to you that you could get much for it.
This habit of uselessly wasting time is the whole difficulty; it is
vastly important to you, and still more so to your children, that you
should break the habit. It is more important to them, because they have
longer to live, and can keep out of an idle habit before they are in it,
easier than they can get out after they are in.

You are now in need of some money; and what I propose is, that you shall
go to work, “tooth and nail,” for somebody who will give you money for
it. Let father and your boys take charge of your things at home,
prepare for a crop, and make the crop, and you go to work for the best
money wages, or in discharge of any debt you owe, that you can get; and,
to secure you a fair reward for your labour, I now promise you, that for
every dollar you will, between this and the first of May, get for your
own labour, either in money or as your own indebtedness, I will then
give you one other dollar. By this, if you hire yourself at ten dollars
a month, from me you will get ten more, making twenty dollars a month
for your work. In this I do not mean you shall go off to St. Louis, or
the lead mines, or the gold mines in California, but I mean for you to
go at it for the best wages you can get close to home in Coles County.
Now, if you will do this, you will be soon out of debt, and, what is
better, you will have a habit that will keep you from getting in debt
again. But, if I should now clear you out of debt, next year you would
be just as deep in as ever. You say you would almost give your place in
heaven for seventy or eighty dollars. Then you value your place in
heaven very cheap, for I am sure you can, with the offer I make, get the
seventy or eighty dollars for four or five months’ work. You say if I
will furnish you the money you will deed me the land, and, if you don’t
pay the money back, you will deliver possession. Nonsense! If you can’t
now live with the land, how will you then live without it? You have
always been kind to me, and I do not mean to be unkind to you. On the
contrary, if you will but follow my advice, you will find it worth more
than eighty times eighty dollars to you.

I guess we could call this a guest post by Abraham Lincoln :)

Dealing With Collections People

March 25th, 2008

We don’t generally have to deal with collections.  To my knowledge I have been ahead or on time with all of my payments for a year and a half.  Unfortunately this last Saturday we got a call form a store credit card collection agency that I was completely unaware of.  My wife was also unaware of the problem as we ran into some issues with email notification and spam filters combining to a net gain of nothing and a net loss of a stupid interest rate and late fee.  We’ve paid the card and now we’ll cancel it.  I don’t like store cards and I don’t know why this one was signed up for, I think my wife was offered tremendous savings of some sort.  We’ve lost the savings, but gained a lesson.

When dealing with a collection person remember several things about their job:

  1. Their job is to get money from you
  2. They are rewarded for getting money from you
  3. They are trained to ignore your personal situation and to demand money
  4. They hear all sorts of everything every day and are numb to what you have to say
  5. Rational discussions don’t mean anything because their job is not to be rational, it is to get money from you

So in dealing with these people, and they are people, though they may seem like monsters or jerks or rude people, just realize that their job is not to wave fees, reduce penalties, take your side, or help you get things straightened out.  In fact, in most cases you shouldn’t even talk to them.  The best way to deal with them is to not deal with them.  Instead, if you get a call from a collections agency, find out who it is they’re collecting for and then call the company they’re collecting for and bypass their job’s inherent socially aggressive issues.

Remember that they’re trying to figure out your payer type.  That is they’re looking for the type of person you are to find the argument that will talk you into paying them right now, which means they get rewarded. As soon as they get rude tell them they can stop being rude and work with you or you’ll hang up.  They may respond in various ways, but in the end don’t let their attitude cause you to get worked up.  This is what happens to me when I’m discussing things with people and they begin to ignore intellect and rationality.  They know that if you’re emotionally charged that this will get you to act one way or another.  Don’t let them get you worked up.  Hang up first.

Remember that if you’re legitimately in debt to someone you should attempt to pay it as soon as possible, but don’t let their problem be your problem.  Tell them that you’re glad to know the total you owe and you’ll figure out how you can go ahead and pay it on your time and schedule.  Say, “Thank you, good-bye,” and then hang up.  Don’t give them a foot in the door.  Hang up and then genuinely figure out how you can pay your debt and put it behind you.

I Don’t Blog For Money

March 24th, 2008

I read this quote from Merlin Mann

 Starting a blog to solely make money is like learning ventriloquism to meet girls.

… and it reminds me why I do this: I enjoy it.  In the last couple years folks have moved from being employed to self-employed bloggers and I think its great.  It just doesn’t happen to be my personal aspiration.  I barely make a cent on this blog and I love doing it.  What do you do for money?  What do you do for fun?

Happy Resurrection Sunday!

March 23rd, 2008

This morning I taught a Sunday School class on Justification, which is about the most perfect topic for a Resurrection Sunday that one could ask for (it was assigned to me earlier in the year – and it wasn’t scheduled due to the date).  You can listen to the recording here, and get the handout here.  I don’t pass this on to toot my own horn, its just great theology.

We owe no debt to God for His justifying us… and that’s the best news ever, financial or otherwise.

Why My Credit Score is Evil

March 20th, 2008

My fico score is currently 666

My credit score is evil because at present it is 666 :)   Proof with the screen capture of the most recent credit score as reported by my bank.