Summary: Can You Budget on an Irregular Income? – Howard Dayton and Steve Moore explain the key to living successfully on an unpredictable income. Then they answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: "How can I tell if I'm getting enough return on my retirement investment account?" (Howard recommended checking out SoundMindInvesting.com) "When is it okay to borrow to expand your business?" "Should we follow through with a financial pledge to a church that is making decisions that seem to be unwise?" "Is it worth pulling money out of my Roth IRA to make a larger house downpayment?" "Can you recommend a good book on Christian business principles?" (Howard recommended 'Business By the Book' by Larry Burkett) "Would it make sense to cash out a 'whole life' insurance policy to create an emergency fund?" Mentioned on today's program were several books for children and teens: 'The New Bicycle', 'The Secret of Handling Money God's Way' and "The ABC's of Handling Money God's Way'. Also mentioned was the 'Compass Spending Plan' and the 'Compass Map'. Be sure to check out the Compass website for a complete listing of helpful resources and radio archives. Thanks for your prayers and generous financial support which allow us to keep MoneyWise on-the-air!
