Author: timhowington
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Find Wisdom in a Crisis
Proverbs says “a wise man will hear and increase in learning, and a man of understanding will acquire wise counsel.” (Proverbs 1:5) When I was a younger man, I ran across a story by Bob Biehl where he talked about growing up on lake Michigan. According to Biehl, the difference between a snowstorm and a…
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Look at Estate Plans and Insurances in a Crisis
I remember the first time my wife and I took a trip alone together after our son was born. We were headed to Kansas City for our anniversary. About halfway there, I turned to my wife and morbidly asked her, “I wonder what happens to Josh if we die on this trip.” That is not…
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Pay Debt Minimums in a Crisis
Dave Ramsey has made getting out of debt cool. His organization and resources have helped millions of families get debt free. Check them out at www.daveramsey.com. They have a great class called Financial Peace University, and we use his Total Money Makeover with all our clients. However, during a financial hurricane is not the time…
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Curb Spending in a Crisis
If your family lost all your income, how much money does your family need to pay all your bills? This is an important number. This is your “Survival Budget Number.” This can give you hope or a target to shoot for in a downturn. Let me illustrate, for a family of three that I have…
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Weathering the Storm Financial Survey
We are trying to anticipate the needs of families as we begin to transition out of this crisis. Enter for a chance at a $100 Walmart Gift Card. Click here to take the survey https://freedom5one.com/financial-hotline/
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Be Generous in a Crisis
I must tell you about a young couple I know. They are an inspiration to me. In the middle of this pandemic, he lost his job, and her hours were cut back. But they have a tremendous heart for generosity, and they view their giving as separate from their normal expenses. Said another way, their…
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Add to Your Savings in a Crisis
This should go without saying, but Grandma was right. We should all be saving for a rainy day. When I was in high school, I lived with my grandmother. For my senior project, I had to interview someone who had lived through the Great Depression in the 1930s. So I sat down with my grandmother…
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7 Financial Ideas for Weathering a Crisis- Intro
Crisis come in all shapes and sizes. As I write this, the whole world is experiencing the Coronavirus Pandemic. We are all huddled at home watching the news trying to figure out when the government is going to give us the all clear. In this particular crisis we are all struggling with the vulnerability of…
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think about such things
by Tim Howington I am a thinker. Or at least I think I am. Descartes says, “I think therefore I am”, so I guess I am. I am an engineer at heart, my degree is in computer science engineering (linear thinker, problem solver, logical and sequential). But I am also a bit of a philosopher…