Four Habits for Improved Financial Well-Being


Dear Fellow Investors and Friends,

Earlier this year, there was an article in CNNMoney by Richard Cordray, the Director of the Consumer Financial Protection Bureau. As we approach this time of year when we reflect back on 2015 and look ahead to 2016, I thought it would be helpful to share with you a few thoughts from his article as well as some of my own.

There is broad agreement among financial experts and others that people need more financial education in this increasingly complex and challenging world. But as Mr. Cordray points out, education is not enough. There must also be changes in habits and behaviors.

When the Consumer Bureau asked consumers how they define financial well-being, it discovered four financial habits of those who reported higher levels of well-being:

  • They live within their means.

  • They have a financial cushion.

  • They have a plan.

  • They have a sense of financial freedom.

Because research shows that almost half of Americans say they are struggling to pay their bills, these questions arise: what steps can be taken to strengthen these four components, and how do I get started?

Some simple suggestions include the following: asking for information to help make the best financial choices, using tools to track and manage spending, setting specific and realistic goals and plans to guide financial decisions, and building up savings.

In all of our planning, we should always include regular, generous investing in Kingdom works and trust the Lord to meet our needs as He promises to do.

There are great year-end, as well as ongoing, opportunities to give to the Great Commission Fund, CAMA, your local church, and other Alliance ministries. If you haven’t seen these videos and other resources, I highly recommend them:

The Alliance Year-End Offering

Of course, ADF always strives to offer helpful investment opportunities that provide a good, stable financial return, as well as a Kingdom Return on Investment (KROI).

Thank you for your ongoing investments in Alliance churches through ADF. Please share your questions, comments, or prayer requests by contacting me at They are always welcome.

Lawrence L. McCooey, CPA, PFS, CGMA President

Lawrence L. McCooey, CPA, PFS, CGMA

Larry McCooey