Levitt Coaching

Turns out the businessman was actually right, but forgot a few points.

You've probably heard the old parable about the businessman and the fisherman. To summarize, it's a tale that attempts to teach contentment. It works on some levels but vilifies business. I'm not cool with that.

The national spotlight has been on the debt ceiling debate and looming August 2 deadline for weeks now. In case you haven't been following every detail out of pure disgust of the stupidity coming from Washington, here's a brief recap on the "debt crisis."

The government receives about $2.6 trillion in revenue each year, but we're currently spending about $3.8T. In order to pay our bills we have to borrow money every day. Think of it like a national credit card.

Expecting President Obama to fix the economy is like expecting head coach Jim Caldwell to throw touchdown passes for Peyton Manning.

Just like a football coach isn't on the field making the plays, politicians in Washington aren't in our living rooms in our circumstances. They mean well and probably truly want to help, but they simply aren't in a position to do much.

There's a lie being being spread and you need to know the truth. The lie is that a good credit score equals financial achievement. The truth is your credit score has NOTHING to do with your ability to win with money.

Yahoo finance recently published an article praising this guy as a financial guru and claiming he has "a lot of financial control" because he has accumulated 25 credit cards and over $300,000 in available credit.

He's exploring how to get the highest credit score possible. He's an idiot... and so are the editors at Yahoo finance.

Is it a good thing for lenders to tithe on the profits from their loans?

There may be other situations, but this is the first one that makes me want to say tithing isn't always a good thing. I recently read an article praising a Christian lending institution for tithing "... from the profits of their transactions." The lender is in the business of lending money to churches and operates on a referral basis, instead of traditional sales and marketing.

The article explained that the lender gives 10% of the profits from a loan to the church that referred the borrowing church.

The article claims, "the program has been a great blessing to the recipient Churches." Well, obviously! The church just took out a loan. They clearly don't have any money!