The Rising Cost of College
Howard Dayton and Steve Moore discuss the dramatic increase in tuition costs and give some suggestions for avoiding student debt. Then answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org:"
- "I had some AutoZone stocks that I bought for $20 a share. They went up in value to $500 a share and now make up a large percentage of my investment portfolio. Should I sell some of those and reinvest in something else to keep things more balanced?"
- "My husband is self-employed and has a decent retirement fund set aside. We have a piece of property we'd like to sell that should bring in about $1 million. What should we do with that money?" Howard emphasizes the importance of giving and of seeking the counsel of an investment advisor who shares your values.(He mentions the websites KingdomAdvisors.org and BankRate.com.)
- "Husband and wife are nearing retirement and wondering if it's a good time to buy a home. If so, what mortgages should they consider?" (Howard encourages the caller to keep fixed expenses as low as possible and to consider purchasing a more modest house to avoid unnecessary debt.)
Be sure to check out the Compass website for a complete listing of helpful resources and radio archives.
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Featured Resources From MoneyWise
Don't be ruled by external financial pressures and circumstances. Our security is not found in money or possessions. A strong foundation for true financial success usually involves a change in perspective rather than in income. Biblical counselor Jim Newheiser's reflection questions and practical exercises, paired with Scripture's wisdom on financial and work-related topics, point you toward fiscal responsibility on earth and treasure in heaven. In this 31-Day Devotional, biblical counselors and Bible teachers guide you through Scripture passages that speak to specific situations and struggles, inspiring you to apply God's Word to your life in practical ways day after day. Request your copy with your gift of any amount to MoneyWise. Your generous donation helps expand our outreach to share God’s financial principles with others.