Church....and the Rich or Poor

Just thinking out loud once again.... are the modern churches in your city/town created for everyone? Or do churches cater to only the rich or upper middle class in your neighborhood?

In my decades of attending Christian churches in Canada I've noticed a bit of a dichotomy between how the rich interact with their "home" churches and the poor/middle class.

The difference becomes most noticeable in the summer time, when many consider it their family's opportunity to get caught up on some much needed "R and R"   (rest and relaxation).

However, the shocking thing I noticed is that when a wealthy family was absent from church attendance for a month or so, the leadership or other members in the church weren't concerned because the wealthy family was "at their cottage/summer home" or away at some other vacation. There was no gossip as to where the family was in relationship to God or their church. However, the upsetting thing I noticed was that when a family with less than ideal financial resources was absent from church attendance for more than one week or two, it was surmised that there was some kind of spiritual problem or lack of Christian commitment.
Sad eh?

Well, one of my life purposes is to have the courage to say the things that others don't have the nerve to say. So, if this blog post rings true to your experience in the modern christian church, then have the courage to pass it along to others in your congregations. When we modern Believers, come to admit our weaknesses and double standards, the churches will become a more welcome and equal playing field for the rich and poor and everyone in between.

We are ALL created in the image and likeness of God .He is our Father. Therefore, we should ALL feel welcome in church services, whether we attend once a week, five times a week, or once a  month, or in fits and starts depending on our work/business schedule.

Gone are the days when most folks work Mon-Friday 9-5 anyway. If pastors and church leaders are going to have a merciful and gracious attitude to the modern working family, they are going to have to rethink how they "judge" attendance at all and any church events. Church functions, including prayer meetings and services, should accommodate the modern worker, not ALIENATE hard working folks whose schedules don't necessarily jive with the typical church meeting times.

It can also be said that church leaders should also stretch their minds to grasp the huge difference in scheduling that faces self employed individuals versus employees. Business owners have very different time constraints than those who must clock in according to their employer's expectations. Churches must be able to cater to both sectors of our new modern society.

I believe that GOD is very flexible in how, when and where HE meets with US.

Therefore why aren't WE more FLEXIBLE too??????

Passionate for Christ, Peace and Equality.

Choosing a MUST READ Author

Have you ever noticed that sometimes it's the authors that really tick you off, that you learn the most from?

I get that feeling every time I spent a good chunk of time reading Robert Kiyosaki's books. He has a lot to say about the state of the economy in North America, and what can fix or flaunt it's folly. He's not the most gentle teacher, but he really doesn't hold back in showing one what he has learned after
building several businesses, some successfully and some not so successfully. He's also taken a company public which gives him yet another perspective on investing. He gives you his uncut opinion on holding paper assets vs. real estate.

Robert's biggest kick is out of encouraging folks to get into business. However, I don't think he realized when he originally published "Rich Dad Poor Dad", that so many folks would take his advice quite literally and go and open businesses that they were completely unprepared to build and maintain. So many public speakers don't realize how much influence they ultimately hold over their audiences.....who might just actually DO precisely what they suggest.

Robert is a tried and true competitive business man. He shows, through a variety of educational books, and finance based board games, how we need to educate ourselves continuously to stay ahead of the game .

Do you have an author that has the same effect on you? Kinda totally gets under your skin and then afterward, when all is said and done, you realize he/she taught you more in a very short time frame than a hundred of the "other" authors who pretty things up and keep their books/speeches so nicey nice.

When push comes to shove, I 'd rather read an author who is NOT politically correct and tells his/her unedited truth than some writer who may be better educated, uber-polite and willing to flatter our egos just to sell more books. Who is an author, financial or otherwise, who really got your goat lately? What was the most powerful thing you learned?

Productively peaceful.
Carla





Tweet

How to Write a Covered Call

So you've decided to expand into trading options, instead of just buying or selling stocks.
One of the simplest ways to start out in the options market is through
selling covered calls. So permit me to summarize in really simple language, what the process entails to start
writing covered calls.

When you are "writing" covered calls you are actually "selling to open" a covered call.

A covered call is different than a plain ole "call option" because you actually literally own at least 100 shares of the stock that you are writing the call on.

So the first step to being able to write a covered call is by purchasing at least one hundred shares of a stock that has "options trading" available on it.

Covered calls can only be written on chunks of 100 shares at a time. One hundred shares is considered
"one contract" which you are going to write the covered call option on. There is a fee that your brokerage will charge you based on how many contracts you are going to involve in your covered call option. If you own 500 shares you could potentially write 5 contracts for covered calls.

Next you need to choose a "strike price" at which you are going to sell to open your covered call at.
The "strike price" is the price at which you give your covered call option buyer the right, but not the obligation, to buy your shares at. I suggest you pick a "strike price" that is just a little bit higher than the price that you originally paid for the shares. That is called a "near the money" covered call.
You can ask a higher premium for a covered call that is "near the money" than one that is way priced out of orbit.

You need to also choose an "expiry date" at which the call option will expire. Usually the farther into the future that the expiry date exists, the higher the premium you can ask. Once the expiry date has passed, the buyer of your call option no longer has the right to buy your shares anymore.

You are going to have to decide what price of premium you are going to ask buyers to pay for your covered call option. This premium will be estimated upon the most recent "bid and ask" prices posted for covered call options. An example of a covered call option premium might be $1.25 per contract. To discover what your earnings will be from "selling to open" a covered call sold at $1.25 for one contract, you would simply multiply the premium $1.25 by 100 and that will give you the sum of $125.00 which is the total premium that will be paid to you. Be sure to calculate and inquire of your brokerage as to what commissions and/or fees you will incur from selling to open covered calls. There will most likely be higher fees if the buyer chooses to exercise their right to buy your shares at the agreed upon strike price.

Newbie and beginner investors usually face much higher commission fees than investors with larger portfolios. The sad truth is that large portfolios usually have their commission fees waived because of the largess of their account balance. Therefore, if you are going to do an options play, and you are a small time investor, you will want to keep accurate track of all commissions/fees because they will definitely bite a significant chunk out of any profits you earn from writing covered call options.

The "premium" is the price that you are asking buyers to pay you for the privilege of  owning your covered call option. If you are not sure if you are willing to part with your shares, then you are not ready to be selling covered call options. Last I heard, there is about a 25% chance that most covered call options are actually "exercised" or "assigned". When a covered call option is "exercised" or "assigned" it means that the buyer of your covered call option is exercising their right to buy your shares at your agreed upon "per share" price.
Those who sell covered call options are prepared for the possibility that they may be forced to sell their shares. Therefore, selling covered call options are only a good idea for those who are not personally or emotionally attached to permanently owning their shares.

Well, that's about all.... those are the basics, written in my own casual language. The rest of the process is just about waiting to see if a buyer is willing to buy your covered call option, and then waiting for the deal to          "settle". Be blessed and prosperous.

C.


Tweet