Personal Finance
The 3 Financial Lifestyle Stages
“The rich rule over the poor, and the borrower is a slave to the lender.” -Proverbs 22:7. As we progress toward financial freedom, most of us will go through three financial lifestyle stages: borrowing, spending, and saving. The first two, borrowing and spending, are stepping stones to achieving the final stage of saving. Saving is the only stage with the power to progress us toward our ultimate goal of financial freedom. Borrower We are all born into the first lifestyle stage, the borrower. As we grow up our parents pay for our needs (food, clothing, shelter) and, if we’re [...]
The Best Cash Back Credit Card for Savers
Christmas and the gift giving season is usually here faster than we expect. As you begin shopping for yourself and others we want you equipped with the best credit card on the market. There are many choices for each financial lifestyle stage (borrower, spender, saver) and reward goal (cash savings, college savings, travel, debt transfers). At HIT our focus is on developing savers and our credit card recommendation is to simply put the most money back in your pocket. There is plenty of competition in the credit card market, which is a benefit to the cardholder who can seek out [...]