January 15 – Scripture of the Day

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Remember the saying, “save for a rainy day?”   Well in today’s scripture, we would more accurately say “save for a drought.”

The scripture for today is Genesis 41:34-36 which says: 34 Then Pharaoh should appoint supervisors over the land and let them collect one-fifth of all the crops during the seven good years. 35 Have them gather all the food produced in the good years that are just ahead and bring it to Pharaoh’s storehouses. Store it away, and guard it so there will be food in the cities. 36 That way there will be enough to eat when the seven years of famine come to the land of Egypt. Otherwise this famine will destroy the land.

After being sold into slavery and ending up in Egypt, Joseph found favor with Pharaoh and was not only released from prison, but made governor over the whole of Egypt.

God had told Joseph that there was going to be 7 years of bountiful crops, followed by 7 years of horrible drought. Knowing this, Joseph put a plan into place to save some of the harvest from each of the 7 good years, so there would be food to sustain the people during the 7 year drought.

Saving for a rainy day.

This is wise advice. We all know that unexpected things happen in life; accidents, costly repairs or otherwise.

If we are wise, we will have “saved for a rainy day” and have money put aside to pay for these times.

But astonishingly, even though we all realize these things happen, very few Americans have enough savings to cover these common incidents.

In fact, According to CNN, 76% of Americans live paycheck to paycheck, meaning they have little or no savings to fall back on in case of an emergency, such as a job loss.

That’s a recipe for disaster.

Financial expert Dave Ramsey recommends an emergency fund of 3-6 months of expenses, just for such emergencies.

That’s wise advice…that we also see in scripture.

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Today’s reading: Genesis 40:1-23; 35:28-29; 41:1-57
Tomorrow’s reading: Genesis 42:1-45:15

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

Weekend Reads

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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.