Do You Have Enough to Retire?

John ArmstrongMoney & Stewardship, Personal18 Comments

Recent estimates suggest that the traditional $1 million life savings target before retirement is just not enough. Financial planners suggest that we now need $2 million to have “financial security.” In Monday’s (April 28) USA Today a report on this led to the response of various people. A person who seemed to be in the know about these matters said, … Read More

From Socialism to Capitalism – A Move That Cost Michael Novak Friends and Prestige

John ArmstrongActon Institute, Books, Business, Culture, Current Affairs, Economy/Economics, Ethics, Ideology, Money & Stewardship, Philosophy, Religion, Roman Catholicism, Wealth22 Comments

Michael Novak, author of the memoir Writing from Left to Right: My Journey from Liberal to Conservative (Basic Books, 2013), writes eloquently of how he became disillusioned with the “new” versions of the old Keynesian liberalism of the 1970s. This economic view promoted government spending to excess in order to stimulate the economy and create jobs. The core belief was … Read More

Michael Novak: On Forming Good Intellectual and Spiritual Habits

John ArmstrongACT 3, Acton Institute, Books, Culture, Current Affairs, Ethics, Free Speech, Freedom, Money & Stewardship, Personal, Politics, Religion13 Comments

Michael Novak, not to be confused with the late conservative journalist Robert Novak, has been (rightly I believe) described as “one of the world’s most influential social philosophers.” He has played a number of prominent roles in American life, ranging from advising candidates and presidents to teaching and writing on the ethics of the free market and welfare reform. He … Read More

True Friendship (1)

John ArmstrongACT 3, Friendship, Money & Stewardship, PersonalLeave a Comment

John Cassian (d. 435), a monk and influential spiritual writer, devoted a great deal of his writing to the meaning and importance of friendship. Cassian wisely wrote: True friendships . . . have as their first foundation contempt for worldly wealth and a disdain for all the material goods that we possess . . . . The second foundation is each person’s … Read More

Does Money Directly Impact Marriage?

John ArmstrongMarriage & Family, Money & Stewardship

Married couples that care a great deal about money are much more likely to suffer from less peace and harmony in their marriage. This conclusion, from a Brigham Young University Provo, Utah, and William Patterson University, Wayne, New Jersey, study of 1,700 couples comes as no surprise to anyone who has counseled married couples for as many years as I … Read More

St. Clement of Alexandria on the Value of Wealth

John ArmstrongMoney & Stewardship, Patristics, Wealth

I wrote several blogs last week about the value and importance of the Church Fathers. One of the early Greek Fathers was Clement of Alexandria, born in Athens around A.D. 150. His parents were pagans. He was converted to faith in Christ and began to travel widely searching for faithful Christian teachers. He attended the famous School of Theology in … Read More

Acton University June 14-17

John ArmstrongCulture, Economy/Economics, Leadership, Money & Stewardship, Wealth

I am honored to be on the faculty for one of my favorite conferences in America, the Acton University. AU meets June 14-17 in Grand Rapids, Michigan. For four days each June, the Acton Institute convenes this wonderful ecumenical conference of pastors, seminarians, educators, non-profit managers, business people and philanthropists from more than 50 countries. It is simply one of … Read More