Co-Sign A Loan? Uh, No!

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Why do bank’s or other lenders want co-signers?

Because they’re pretty sure they’ll need one!

Banks and other lenders are in the business of making money.  If they lose out too often, the go out of business.  So, when they are concerned about someone who wants a loan for a car or just about anything else, they’ll ask for a co-signer.

What they’re saying is they EXPECT it’s pretty likely the person taking the loan WON’T PAY IT BACK!

And when that happens, the co-signer is on the hook.  It protects the bank; not the person borrowing!

Did you know the Bible actually says it’s STUPID to co-sign or guarantee someone else’s loan?

It does!

Don’t co-sign a loan for anyone, for anything.  It’s “stupid,” “poor judgement” and “poor sense.”

Don’t believe the Bible says that?  Take a look.

For more really, really good advice on staying out of debt, building wealth and being generous, take a look at Dave Ramsey’s website.  It’s got tons of good information.

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Scripture link:  Proverbs 17:18 (Yea, it’s in the Bible!)
Photo credit:  Pixabay.com

Buy More Stuff?

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That season is upon us.  Yup, THAT season.  And I’m not talking about the Christmas season where Christians celebrate the birth of Jesus.

I’m talking about the Black Friday season.  The go-to-the-mall-and-buy-more-tons-of-crap-we-don’t-need-season.

We live in a culture where we are CONSTANTLY bombarded with advertisements, all meant to convince us to by more stuff.  And it works.  ALL.  THE.  TIME.

And buried in those really clever and often entertaining ads, is the message that if we just buy this particular product, life will be better.  We’ll be happy.

Problem is, it’s been going on our entire lives, and we’re no more happy than we were before we bought most of the crap we already have.

If we are dependent on stuff to make us happy we will continue to be caught in a viscous, never-ending cycle of buying the newest, latest-and-greatest, whatever it is.

It doesn’t work.  It just doesn’t work.

And deep down, when we really think about it, when we critically analyze it, we know its true.

All we have to do is look in our closets, our attics, our basements, our drawers, and our storage units.  There’s all that STUFF and we’re still not happy.

Heck, I bet you even forgot about much of the stuff you already have!

Truth is, stuff can’t ever make us happy.  Because if it did, we’d already be happier than we can imagine.

So if more stuff can’t make us happy, what can?

 

Scripture link:  Ecclesiastes 5:10 (Amazing, huh?  Yea, its in the Bible!)
Photo credit:  Pixabay.com

 

 

Weekend Reads

weekend-reads

Something as simple as checking and responding to emails before and after work, or when we take a “day off” can have a real impact on our health.  This study found employees reported worse sleep, higher levels of burnout and more health-related absences from work. 

Over the last year, I have been intentionally working towards simplifying my life, spending time, energy and money on things that are truly important and matter.  One of my absolute favorite blogs on this subject is Becoming Minimalist, and this is a really good article.  Don’t Just De-Clutter, De-Own.

I’m glad to see some retailers are pushing back against the trend of the last couple years of more stores opening on Thanksgiving.  I’m done buying crap I don’t need.  Enjoy your Thanksgiving at home, not at the mall.  

As I’ve mention in the past, Billy Joel is my all time favorite rock-n-roll artist.  Billy recently completed a tribute to Sir Paul McCartney.  Listen to Billy’s version of “Maybe I’m Amazed.”

You’ve probably heard that debt can be a “tool,” and that there is “smart debt.”  Is that true?  Read this article by Dave Ramsey: The Truth About Debt.

A research group at the University of Amsterdam partnered with the Museum of Science and Industry in Manchester to devise a method that would definitively prove what were the catchiest songs of all time.