Interest rates are near all-time lows. So if you have a home equity line of credit, this is a much cheaper way to cover expenses than a credit card. If you don’t have a home equity line, apply for one right away. (You may not be able to obtain a home equity line of credit if your regular income is compromised.) Don’t use your credit card to finance living expenses, because they’re one of the most expensive ways to borrow money. You will be paying interest rates of 15 percent or more annually on every dollar you owe. And don’t take withdrawals from your retirement plan. Whether you have a 401(k), a 403(b), or an individual retirement account, you will face significant penalties if you take an early withdrawal. You will have to pay taxes on your withdrawal because it’s treated as income and a 10 percent early withdrawal penalty.
Mark Sappenfield
Dear Reader,
About a year ago, I happened upon this statement about the Monitor in the Harvard Business Review – under the charming heading of “do things that don’t interest you”:
“Many things that end up” being meaningful, writes social scientist Joseph Grenny, “have come from conference workshops, articles, or online videos that began as a chore and ended with an insight. My work in Kenya, for example, was heavily influenced by a Christian Science Monitor article I had forced myself to read 10 years earlier. Sometimes, we call things ‘boring’ simply because they lie outside the box we are currently in.”
If you were to come up with a punchline to a joke about the Monitor, that would probably be it. We’re seen as being global, fair, insightful, and perhaps a bit too earnest. We’re the bran muffin of journalism.
But you know what? We change lives. And I’m going to argue that we change lives precisely because we force open that too-small box that most human beings think they live in.
The Monitor is a peculiar little publication that’s hard for the world to figure out. We’re run by a church, but we’re not only for church members and we’re not about converting people. We’re known as being fair even as the world becomes as polarized as at any time since the newspaper’s founding in 1908.
We have a mission beyond circulation, we want to bridge divides. We’re about kicking down the door of thought everywhere and saying, “You are bigger and more capable than you realize. And we can prove it.”
If you’re looking for bran muffin journalism, you can subscribe to the Monitor for $15. You’ll get the Monitor Weekly magazine, the Monitor Daily email, and unlimited access to CSMonitor.com.
