Archive for April, 2010

Would you take a pay cut to keep your job?

I like my current day job, however, our finances are so tight that if my boss asked me to take a pay cut, it might take me a while to make a decision. Here are some of my possible responses:

I might say “yes” because of our health insurance. Health insurance could be a big factor in this decision. If my family had immediate need of medical care, I might be forced to accept whatever pay I was offered.

Will wealth profit you nothing?

Our church has been studying the book of Revelation over the past couple of months. We have been spending time looking at the early part of the book where Christ addresses several churches that were contemporary with the writing of Revelations. There are seven churches mentioned and each is commended or criticized or both according to how well they were following Christ in truth. Many of you know that there are divergent views on how to interpret and apply the letters to the churches. I believe that the problems faced by the first century congregations and the solutions to those problems are issues that are alive and well in our own churches two thousand years later. A believer must be always vigilant to hold up his own congregation in comparison to the early church, and when found wanting, to address the problem.

Passive income is not passive

On Wednesday, I shared some problems with the IRS list of income streams that are considered “passive”. I think much of what we consider to be passive income, is in reality, an alternate stream of income. An alternate stream of income is generally any money that you earn outside of your regular job. Some people have grown alternate income so much that they no longer have to work a 9 to 5, but most of us will never get to that point.