Author · Advisor · Teacher · Lecturer
Rich Brott writes about business, finance, purpose and stewardship – with a grounded perspective for the decisions that shape an abundant life.
Insights & Wisdom for a Rewarding Life – Financially, Personally, Spiritually.
- Rich Brott
Kingdom perspective
Business · Finance · Purpose · Stewardship
Do you want to become debt free forever? There is a great danger that all of us will make bad financial decisions. It’s not that we deliberately set out to do so, we just follow cultural norms and wind up deep in debt.
While many are able to recognize bad spending habits and somber patterns and actively take corrective measures, getting out of debt just brings you to the starting line. Next comes a tenacious determination to stay out of debt. After that follows an intentional commitment to building long-term financial security and independence.
Celebrate Your Progress! Keep a written account of your progress. Set financial goals. This will help increase your savings and give you peace of mind and less stress over money issues. Progress may seem very slow at first, especially if the debt load is very large. But it’s a great feeling to whittle away at […]
READ ESSAY >Scoring models and other tools analyze data only, using it to predict future credit performance. A scoring model contains a list of questions and answers, with points given for each answer. Information proven to be predictive of future credit performance is used in the model. Here are a few examples of what a typical model […]
READ ESSAY >Are you paying high interest rates? Are you being charged late fees? Are you getting calls from creditors? Can you afford the monthly payments, but not the past due amount? Are you making monthly payments, but your balance never seems to go down? Do you worry about paying your bills? Would reducing your payment help? […]
READ ESSAY >Loan consolidation, home equity loans, or refinancing your home are ways to avoid repossession or loss of income through wage garnishment. These options may reduce the amount of your monthly payment. However, the cost for borrowing is usually increased, because the borrowing time is extended and you may be borrowing at a higher interest rate. […]
READ ESSAY >If your spending is out of control, it is time for a little austerity. Think of all of the minor decisions that you make in one day. What would happen if you started to make adjustments in these areas? It would eventually bring about major changes in your financial situation! Here is a comprehensive list of tips to help you analyze different aspects of your life:
Read More >Cash flow is probably the most important part of any successful business. Without proper cash flow, a company cannot sustain itself. Cash flow is simply the movement of cash in and out of your company.
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