Faith & Finance

“Concerning that day and hour no one knows, not even the angels of heaven, nor the Son, but the Father only. For as were the days of Noah, so will be the coming of the Son of Man.” - Matthew 24:36-37Jesus made it quite clear that no one on earth knows the day or hour of His return. Yet, we’re to live as if He’s coming back tomorrow. Does that mean we don’t need to plan for the future? Matt Bell weighs in on the issue today.Matt Bell is the Managing Editor at Sound Mind Investing, an underwriter of Faith & Finance. The Call to Be PreparedWhile it’s crucial to live in anticipation of Christ’s return, this does not mean we should neglect our responsibilities here on earth, especially when it comes to managing our finances. We must strike a balance between being spiritually ready for the end times and being diligent stewards of the resources God has entrusted to us.One of the most common misconceptions among Christians is that preparing for the future contradicts living in anticipation of Christ’s return. However, this perspective misses the point of biblical stewardship.The Bible emphasizes the importance of planning and stewardship. Proverbs 21:5 tells us, "The plans of the diligent lead to profit as surely as haste leads to poverty," while Proverbs 22:3 warns:"A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences."The Parable of the Talents: A Lesson in ResponsibilityThe parable of the talents (Matthew 25:14-30) perfectly illustrates the concept of stewardship. The master entrusts his servants with his wealth, expecting them to manage it wisely. Two servants invest the money and generate a return, while the third, out of fear, hides it. When the master returns, he rewards the faithful servants and reprimands the one who did nothing.This parable teaches us that we are not merely to hold on to what God has given us; we are to use it productively, even as we wait for Christ’s return. Being a good steward means planning, being intentional, and taking proactive steps to manage the resources God has entrusted to us.Practical Steps for Faithful Financial StewardshipSo, what does faithful financial stewardship look like in practice? It’s crucial that we utilize tools like budgets to allocate income across key priorities such as generosity, saving, investing, and spending. Additionally, for those planning for retirement, it’s wise to build an investment plan that aligns with a specific retirement date and budget, even though adjustments may be necessary as circumstances change.Ultimately, financial planning is not about securing wealth for its own sake but about being found faithful with what God has given us. As Proverbs 16:3 reminds us: "Commit to the Lord whatever you do, and he will establish your plans."Living in Anticipation and Planning WiselyChristians are called to live in constant anticipation of Christ’s return while also faithfully managing the resources we have been given. We live like Jesus is returning today, but we plan to be here for a long time. This balanced approach ensures that we are prepared for whatever the future holds, both spiritually and financially.For more insights on this topic, you can explore the article “Watching, Waiting, Planning, Working” available at SoundMindInvesting.org.On Today’s Program, Rob Answers Listener Questions:I recently received an inheritance of over $200,000. My savings and 401(k) are in good shape, but I'm unsure how to invest this inheritance best. I want to ensure I'm being a good steward of this money. What advice would you give me on how to invest this inheritance wisely?Resources Mentioned:Watching, Waiting, Planning, Working by Austin Pryor (Sound Mind Investing Article)Sound Mind InvestingRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

“Let each of you look not only to his own interests, but also to the interests of others.” - Philippians 2:4We tend to think of that verse as a prescription for giving to help the poor and needy and that’s good. But is there an application that involves investing? Stella Tai joins us today to talk about how your investing can have a positive impact in the world.Stella Tai is Manager of Stewardship Investing Impact and Analysis for Praxis Mutual Funds®, an underwriter of Faith & Finance. Why Should People of Faith Focus on Impact Investing?Impact investing is an investment approach that goes beyond the traditional goal of making a profit. It’s a way to use investment dollars to promote social and environmental good in the world through carefully selected investment portfolios.Impact investing holds particular significance for people of faith because it aligns with the scriptural mandate to use our gifts, talents, and possessions for good. Faith provides a moral compass, guiding investors to avoid investments that harm society while promoting strategies that address pressing global issues, such as healthcare, education, and environmental stewardship. People of faith have a rich history of pioneering this type of investing, drawing inspiration from groups like the Quakers and Catholic orders that have been practicing values-aligned investing for decades.Integrating Faith-Based Impact into Investment PortfoliosFor individuals or institutions looking to incorporate faith-based impact into their investment portfolios, here is some practical advice to get started:Articulate Values: Clearly define the values that will guide your investments.Align Current Portfolios: Assess existing portfolios to ensure they align with these values.Utilize Available Tools: Explore funds and financial advisors experienced in impact investing.These steps help investors begin the journey of integrating impact into their investments, whether in traditional markets or philanthropy.If you’d like to learn more information about Praxis Mutual Funds, you can visit praxismutualfunds.com.On Today’s Program, Rob Answers Listener Questions:I have a rental property with a $50,000 mortgage at 5.5-5.6% interest. I have the ability to pay off the mortgage, but I'm unsure if I should let the renter continue paying it off while I invest the money elsewhere or if I should pay it off myself. What would be the better financial decision?I have a 5-acre property that includes my current home. I want to do a lot split to build a smaller retirement home on part of the land. What are the best financing options for building the new home while I continue living in my current home? Should I sell my current home first and rent it back, or try to stay in it during construction? And what tax or capital gains implications do I need to consider with the lot split and home sale?I made about four times what my wife made on average during our working careers. Our plan was for my wife to start taking her Social Security at age 62, and then when I started taking mine at age 67, she would switch over to spousal Social Security. However, we recently attended a seminar where the presenter said that even if my wife switches to my spousal benefit at 67, she will still suffer a 25% penalty. Is that true? I want to ensure I understand the implications before deciding when to start our Social Security benefits.I'm 63, and my wife is 60. We both still work. We have $200,000 in savings, earning only 1.5%, and my wife has $200,000 in her 401(k). I declined a 401(k) at my job since they didn't match. Should I invest the $200,000 in savings instead of leaving it in the low-yield account? I plan to keep working as long as I'm able.Resources Mentioned:Praxis Mutual FundsBankrate.comRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

“For we are his workmanship, created in Christ Jesus for good works, which God prepared beforehand, that we should walk in them.” - Ephesians 2:10Our good works are not for our sake but for God’s sake, to give Him glory. Investing gives us a powerful way to do that. Today, we’ll talk with Dr. Finny Kuruvilla about investing to change the world.Dr. Finny Kuruvilla is the Co-Chief Investment Officer and Founding Member of Eventide Asset Management, an underwriter of Faith & Finance. He holds an MD from Harvard Medical School, a PhD in Chemistry and Chemical Biology from Harvard University, a master’s degree in Electrical Engineering and Computer Science from MIT, and a bachelor’s degree from Caltech in Chemistry.The Purpose of InvestingInvesting has always been about supplying capital to businesses. This concept originated in the 1400s and 1500s with the rise of corporations, particularly those financing maritime trade. Investing primarily aims to fund companies to help them do good work. However, this purpose can be perverted to support businesses that go against God's design for humanity. Hence, it's crucial to remember that investing should always aim to fund ethical companies.Investing as OwnershipWhen you invest, you become a part-owner of a company, which carries an ethical responsibility. Like owning a small business, you are accountable for the actions of the companies you invest in. This ownership confers a duty to ensure these businesses align with your values and promote good.Integrity in InvestingRomans 12:9 states, "Let love be without hypocrisy. Abhor what is evil; cling to what is good." This principle applies to investing as well. To maintain integrity, you should avoid profiting from industries that contradict your values, such as pornography or tobacco. Instead, invest in businesses that advance the common good, like those making significant strides in healthcare and biotechnology.For example, advances in treatments for leukemia have dramatically increased children's survival rates, thanks to innovative companies in the healthcare sector. These companies exemplify how investment capital can drive significant positive outcomes.Performance and OutperformanceInvesting in businesses that promote the common good can lead to long-term outperformance. Studies, like those referenced in Fred Reichheld's "Winning on Purpose" and Alex Edmans' "Grow the Pie," show that companies adding value to their stakeholders often outperform their peers. This approach aligns with the biblical principle of loving your neighbor and can result in superior long-term returns.Eventide's ApproachEventide uses a framework called Business 360 to evaluate how companies interact with various stakeholders, including customers, employees, and the community. By focusing on companies excelling in value creation, Eventide aims to identify businesses aligned with promoting the global common good and likely to outperform over the long term.The future is bright for Faith-Based Investing because of the growing awareness in faith-based and secular circles that investing inherently involves ethical considerations. This awareness will lead to more opportunities to use investment dollars constructively, promoting values that align with a vision for a better world.Investing with integrity means aligning your investments with your values and ethical responsibilities. As Christians, this involves avoiding industries that contradict biblical principles and supporting those that advance the common good. Doing so can achieve both financial returns and a positive global impact. To learn more about this approach to investing, visit Eventide Funds.On Today’s Program, Rob Answers Listener Questions:I heard somewhere that you can take 4% a year out of your 401(k)s, and they should last you, but I'm looking for information like that. How much? When do we start taking money from these 401(k)s?I could not file my income taxes on time this year, but I did again and got an extension. Are there any penalties that I need to be aware of? I also have become very lazy regarding budgeting, keeping my finances, and keeping on track with them. How do I start over? Where do I begin?Resources Mentioned:Eventide Asset ManagementWinning on Purpose: The Unbeatable Strategy of Loving Customers by Fred ReichheldGrow the Pie: How Great Companies Deliver Both Purpose and Profit by Alex EdmansRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and us

When you want pithy quotes, check out social media. When you want words of truth, look to the Bible. But be careful not to get those two mixed up.Some familiar sayings may sound like Bible verses, but they’re really not. Today, we’ll find out why so many old saws really don’t cut wood."God Won’t Give You More Than You Can Handle"Of all the Bible verses that aren’t actually in the Bible, here’s the most familiar one: “God won’t give you more than you can handle.” This sounds great, especially if you’re struggling with financial hardship. Unfortunately, it’s not true. The fact is, life is always more than we can handle without God. After all, we need his help just to take our next breath!The idea that “God won’t give you more than you can handle” is a misreading of 1 Corinthians 10:13, which actually says: “God is faithful, and he will not let you be tempted beyond your ability, but with the temptation he will also provide the way of escape, that you may be able to endure it.”The good news is that God’s faithfulness provides us a way to endure temptation…not necessarily avoid it."God Helps Those Who Help Themselves"Here’s another popular quote. Maybe you heard your grandma say this when you refused to do your chores: "God helps those who help themselves.” Again, it might seem like something from the Bible, but it’s not. It’s the opposite of what God’s word says, which is that our help comes from one place. Psalm 121:2 says: "My help comes from the LORD, the Maker of heaven and earth.” It’s not “God plus me getting the job done.”God’s help is never contingent on what you or I do. There’s nothing we can do even to earn God’s help. But, again, the good news from the Bible is that “…God shows his love for us in that while we were still sinners, Christ died for us.” God’s help is always available, not because we do our chores, but because He loves us despite our brokenness."If God Closes a Door, He’ll Open a Window"Have you ever been disappointed, and someone told you, “If God closes a door, He’ll open a window”? Besides letting the bugs in, one way or another, what is that really saying? Does God always resolve your problems immediately? That’s not always the case, is it? Sometimes, God closes a door, and we have to wait with the doors and the windows firmly shut. The Bible does promise that God will keep us headed in the right direction, when we follow him with all our heart. Psalm 32:8 says: “I will instruct you and teach you in the way you should go; I will counsel you and watch over you.”But the “way you should go” doesn’t necessarily mean God will make an escape hatch when you don’t seem to be making progress. You’ll find that God often does some of His best work as you wait, teaching you to trust Him even more. Psalm 37:7 says: “Be still before the LORD and wait patiently for him; do not fret when men succeed in their ways, when they carry out their wicked schemes.”"To Thine Own Self Be True"Our next quote is, “To thine own self be true.” That might sound like scripture, but it’s really from Shakespeare’s play, Hamlet… and as a piece of advice, it’s downright unbiblical. “To thine own self be true” suggests that all you need for success is to follow your own instincts and desires. Unfortunately, it’s our own instincts and desires that cause us to sin. Self-reliance is no substitute for reliance on Jesus. He is the source of truth and the only one we can truly rely on."Follow Your Heart"That brings me to the next common saying, another piece of unbiblical advice: “Follow your heart.” First of all, here’s what Jeremiah 17:9 says about our hearts: “The heart is deceitful above all things, and desperately sick; who can understand it?”In light of that truth, following your heart seems like a really bad idea.Biblestudytools.com puts it this way: “God gives us passions and desires and uses our lives to prepare us for His purposes—just as He prepared David during his time as a shepherd, soldier, and court musician. But that only works if we completely surrender our lives to His leading.”"Let Go and Let God"The next “not-in-the-Bible” quote is, “Let go and let God.” The problem with this saying is that it might encourage a passive approach to problem-solving. While faith and trust in God are crucial, the Bible also teaches the importance of taking action and using the resources and wisdom God provides to address issues. As J. I. Packer once put it: “The Christian’s motto should not be ‘Let go and let God’ but ‘Trust God and get going.’”The bottom line is if you’re a follower of Jesus, you can always trust his provision and rest in his peace, even in the middle of challenging circumstances. Don’t be misled by popular sayings that sound biblical but aren't. Instead, dive into the actual Word of God, where you’ll find the true wisdom and guidance you need for every aspect of life.On Today’s Program, Rob Answers Listener Questions:My financial advisor has me in something called "Guided Solutions," and I don't know anyth

“Delight yourself in the Lord, and he will give you the desires of your heart.” That familiar verse from Psalm 37 begs the question: “What are the desires of my heart?”We may be so interested in getting what we desire that we forget the other side of the equation—delighting in the Lord. Today, we’ll talk about desires—and how they can either direct us or distract us.The Nature of DesireThink about a time in your life when you didn’t want anything. You can’t do it, can you? Desire is an inherent part of being human—whether you’re looking for love, money, success, attention, peace, or just something quick to eat. Desire can be a positive or negative force in your life.A desire to pay off debts or save for a car can motivate a person to work harder and spend less. A desire for attention can lead to buying flashy clothes or a fancy car one can’t afford. A desire for power might convince someone they need to put themselves first. The desire to protect and nurture children is part of what makes families work.God’s Design and Human ChoiceGod knows this about us. He made us that way. Genesis 1 tells us Adam and Eve were created in God’s image, perfectly designed for a relationship with each other and the Lord. In His wisdom and love for His creation, God set boundaries and allowed humankind to choose whether to obey Him or not. Adam and Eve desired independence, and as a result, their rebellion severed that perfect relationship with God.So, what are the desires of your heart? There are many things you can want, most of which probably seem good to you. But if you’re a Christian, you must ask if what you desire draws you away from your Creator, who has called you to: “Set your minds on things that are above, not on things that are on earth.” - Colossians 3:2Desires: Distraction vs. DirectionDesire can either distract us or direct us in our walk with the Lord. Sometimes, your desires can distract you from following Jesus, with dire consequences. James 1:14 explains: “But each person is tempted when he is lured and enticed by his own desire. Then desire when it has conceived gives birth to sin, and sin when it is fully grown brings forth death.”Paul warns Christians about immoral behavior in 1 Corinthians 6:19-20, reminding us that our bodies are temples of the Holy Spirit and should glorify God.On the other hand, desires that align with God’s will can direct you away from sin and into a deeper walk with Jesus. As Jesus told his followers in Matthew 5:6: “Blessed are those who hunger and thirst for righteousness, for they shall be satisfied.”David wrote about the desires that please God in Psalm 40:8—“I delight to do your will, O my God; your law is within my heart.”The Transformation of DesiresWhen Jesus is your Savior and Lord, He gives you a new heart and identity as a child of God. Your old nature and old desires don’t define you anymore. You can choose to let those old desires back into your life, but they will distract you. It takes prayer and discipline, but when you choose to delight in the Lord’s ways each day, He will refocus your desires on Him and His purposes.Psalm 37 is full of instructions for living in a way that pleases the Lord:Trust the Lord.Do good to others all the time.Make faithfulness a way of life.Offer your plans to Him every day.Wait patiently for God’s guidance.Don’t let anger control you.Don’t be anxious about what evil people do.Ephesians 5:1 sums this up by reminding us that Christians who desire God more than anything else look just like Jesus: “Be imitators of God, as beloved children, and walk in love, as Christ loved us and gave himself up for us, a fragrant offering and sacrifice to God.”When your desires align with God’s, you will find perfect peace.On Today’s Program, Rob Answers Listener Questions:As sole proprietors, do we tithe off the gross, the profit, or the net?Are there any biblical reasons or red flags I should know when considering a business partnership?I have $58,000 in a 403(b), and one option is to take an annuity that would pay me $400 per month starting now or $586 per month starting when I turn 70. Is an annuity a good investment?Resources Mentioned:Rich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The dictionary says integrity is “being honest and having strong moral principles.” God’s Word says, “Better is the poor who walks in his integrity…Than one perverse in his ways, though he be rich.”Are you living with integrity in your financial dealings?Understanding IntegrityIntegrity isn't just about honesty; it also means strength and dependability. When we say a bridge has integrity, we mean it’s sturdy and consistently reliable, able to withstand any amount of traffic without collapsing. As Christians, we are called to be like that bridge—representing Jesus Christ to the world by being honest, strong, and dependable in all we do. Although we won't always get everything right, with God’s help, we can persevere. James 1:12 says: "Blessed is the one who perseveres under trial because, having stood the test, that person will receive the crown of life that the Lord has promised to those who love him."Today, we’re focusing on financial integrity. Your attitudes and actions around money reveal a lot about your heart. The key question is: are you being honest, morally strong, and dependable in your personal money matters?Honesty: The Cornerstone of IntegrityHonesty is crucial to integrity. It’s one of the first things Jesus requires of new believers. When tax collectors asked Jesus what they should do, He replied, “Collect no more than what you have been ordered to” (Luke 3:13). Honesty is essential for effective kingdom work. Titus 1:7 says, “The overseer must be above reproach as God’s steward.” Communities thrive when people are honest, as Proverbs 28:12-13 illustrates: “When the righteous triumph, there is great glory, but when the wicked rise, men hide themselves. He who conceals his transgressions will not prosper…”In practical terms, honesty means doing what is right whether people are watching or not. It involves telling the truth on time sheets, tax forms, tests, applications, and even in social media posts. Honesty also requires fair treatment of employees, clients, co-workers, and customers. All financial dealings should be transparent and upright.Moral strength is not something we can generate on our own. The power to live a Christian life comes from God. He fills us with His Holy Spirit and leads us “in paths of righteousness for His name’s sake” (Psalm 23). The more time you spend studying the Bible, the better you’ll understand God’s ways. Applying biblical principles to your life and finances strengthens your moral principles. As a person of integrity who belongs to Christ, you can be confident that “God will supply all your needs according to His riches in glory” (Philippians 4:19).Dependability: Building a Good ReputationDependability is closely tied to having a good reputation. Proverbs 22:29 confirms this:“Do you see a man skillful in his work? He will stand before kings; he will not stand before obscure men.”Our goal as Christians is to point people to Christ, and a solid reputation gives us a platform to do just that.Ask yourself: can your family, friends, and co-workers depend on you to do what’s right? Are your words and actions consistently godly? Regarding personal finances, are you sticking to a clear, manageable plan?The Challenge of IntegrityBeing honest, morally strong, and dependable is challenging, and nobody does it perfectly all the time. Selfishness and ungodly desires often interfere with our integrity. When that happens, we must repent, pray for God’s forgiveness, and ask for His help. We can then make things right with anyone we’ve wronged and move forward.Remember, the only power Satan has is to accuse and confuse. He can’t snatch you from the hands of our Heavenly Father. Romans 8:1 reassures us, “…there is now no condemnation for those who are in Christ Jesus.”So, you can afford to pursue integrity in your personal and financial life, even if you fail occasionally.Pursuing financial integrity means committing to honesty, moral strength, and dependability, knowing that with God’s help, we can reflect Christ’s character to the world.On Today’s Program, Rob Answers Listener Questions:I was trying to pay off my high-interest credit card debt, but it was just digging me deeper into a hole. As I was praying about it, I heard about Christian Credit Counselors on the radio. I was concerned about whether they were legitimate and if I could trust them.I'm still working, and I'm 65 and I'm going to keep working, probably until I get my full Social Security at 67. My question is, if I draw the full amount, and my wife decides to draw off of my Social Security, and you said it was up to half, do I still get the full amount? Or will her drawing the half cut into my full amount?My husband left me in April, but he wants to stay married until next October to keep the insurance. He left me with $100,000, and we had bought a very cheap home when he retired from his job because he was afraid that the pension was going to go broke. He had also asked me to sign off on the pension so he coul

Getting a college degree can substantially increase your lifetime earnings, but even better is getting someone else to pay for it.I’m talking about scholarships, of course. Every year, public and private institutions dole out about $8 billion in scholarships. Are you getting any of it? I’ll talk about how you can.The Rising Cost of CollegeNo question about it: college is expensive. The College Board reports that in 2024, in-state students at public four-year schools are spending an average of $11,260 on tuition and fees for just one year, excluding room and board. Students at private, four-year colleges are spending over $41,500 on tuition and fees alone. With these expenses, it’s not surprising that the average student owes close to $30,000 when leaving school. But you don’t have to be the average student.Scholarships: Your Key to AffordabilityMany organizations are willing to help you pay for college through scholarships…if you meet their qualifications. Our own Rob West’s wife Julie had her own “application assembly line” going, and she was able to land $170,000 in scholarship money. Of course, that took a lot of work…but look at it this way: you can either put in the time and effort now applying for scholarships, or you can borrow and work very hard later to pay back the money. We hope that you’d rather do the work now, so let’s dive into some great resources for scholarship money.Top Scholarship ResourcesFastweb: They host more than 1.5 million scholarships totaling nearly $3.5 billion. To get started, create a profile at FastWeb.com. A search feature helps match you to scholarships that meet your individual needs and keeps track of where you’ve applied.College Board: Known for testing materials like the SATs, the College Board also helps you pay for college. On their site, you can apply for scholarships and internships. They have leads to about 2,200 programs offering nearly $6 billion in college aid every year.Niche.com: This site helps you find not only money but also colleges that cater to your specific major and interests.Scholarships.com: They have a massive database with over 3.5 million scholarship and grant opportunities totaling almost $20 billion. Browse by category or set up a profile to find scholarships specific to your interests.Appily (formerly Cappex): They offer leads on $11 billion in scholarship opportunities and have a tool to help you calculate the odds of getting into a school of your choice before you apply.Chegg: Best known as an online textbook store, Chegg also has great articles about finding and applying for scholarships and grants. Knowing the difference between scholarships and grants could help you land one.Specialized ScholarshipsMany of these scholarship opportunities are merit-based, meaning the higher your grades, the better your chances of landing one. But if you’re more athletically inclined, Unigo lets you search for athletic scholarships and a wide variety of funding opportunities offered by specific schools and companies.Peterson’s: Known as a clearinghouse for information about colleges and universities, they also host about $10 billion in scholarship opportunities.CareerOneStop: Sponsored by the Labor Department, this site allows you to search more than 8,000 scholarships, fellowships, and grants—money you won’t have to pay back.Final TipsOne final idea: check with the financial aid office at the schools you apply to. Sometimes, they have scholarship money available too. We’ve covered a lot of scholarship sites, and you probably won’t use all of them, but try at least a couple. Look for ones that are easy to work with or best match your needs. Many of them will have other features you might find handy.Good luck in your scholarship search!On Today’s Program, Rob Answers Listener Questions:We’d like to start something where we can put some money into an online bank to earn some interest. What would you suggest? My online savings account was compromised, and unauthorized wire transfers were made from it. I'm concerned about how to protect myself, as I didn't receive alerts about the transfers. Do you have any recommendations for securing online accounts and preventing fraud?I'm trying to help my mom, who is 81 years old, invest her money correctly. After selling some rental properties, she has about $500,000 in cash and another $500,000 in IRAs and other accounts. What questions should I ask when interviewing potential financial advisors to manage her money in a way that aligns with her values and needs as an 81-year-old widow?Resources Mentioned:1Password | LastPassBankrate.com | DepositAccounts.comRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect

If you’re drowning in debt and someone offers a lifeline, make sure it’s not really an anchor.You have a few different options for paying off debt, but they are definitely not all equal. You have debt settlement, debt consolidation, and debt management. Neile Simon joins us today to explain the difference.Neile Simon is a Certified Credit Counselor with Christian Credit Counselors (CCC), an underwriter of Faith & Finance.Debt Consolidation: A Quick Fix with Hidden DangersDebt consolidation is often seen as an attractive option because it combines multiple debts into one loan with an interest rate between 15% and 22%, depending on your credit score. This can make managing payments easier and allows you to keep your accounts open. However, Nearly warns that this method doesn't address spending habits, which can lead to accumulating more debt. Proverbs 13:11 reminds us: "Wealth gained hastily will dwindle, but whoever gathers little by little will increase it."Debt Settlement: Misleading and RiskyDebt settlement companies often use unethical practices, which can be very misleading. They require you to stop paying your creditors, which damages your credit and can lead to severe consequences like legal action, liens on your property, and wage garnishment. Additionally, any amount written off is considered taxable income. Nearly emphasizes that Christians are called to repay our debts and take responsibility for our actions. Psalm 37:21 reminds us that:"The wicked borrows but does not pay back."Debt Management: A Biblical and Effective SolutionDebt management, offered by Christian Credit Counselors, is our preferred method for getting out of debt. This program allows you to honor your debt in full while reducing payments and interest rates. Payments are consolidated into one monthly payment made through the counseling service. Though the accounts enrolled in the program are closed by creditors, you are not required to enroll all accounts. Interest rates on this program range from 1% to 12% APR, enabling you to pay off debt 80% faster. Proverbs 3:27 states:"Do not withhold good from those to whom it is due, when it is in your power to do it."Christian Credit Counselors not only provide a practical solution but also offer a biblical approach, including prayer and encouragement throughout the process. For those seeking a trustworthy partner in their debt repayment journey, you can visit: ChristianCreditCounselors.org.On Today’s Program, Rob Answers Listener Questions:I'm hearing that people are getting scammed out of the money in their bank accounts. Is online banking safe?I have about $5,000 left over after paying for my husband's funeral and buying a headstone. I've kept it in a money market checking account, but it isn't making much. Should I move it somewhere else to get it to grow more, like a high-yield savings account? I want this money to be a rainy day/emergency fund, but I also want it to earn a decent interest rate. I have six kids at home, one in college, and I work a minimum job to keep my benefits. I'm unsure if I'll stay home or continue working, so I want this money to be accessible and growing.Resources Mentioned:Christian Credit CounselorsWise Women Managing Money: Expert Advice on Debt, Wealth, Budgeting, and More by Mirian Neff and Valerie Neff Hogan, JD. Bankrate.comRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The poet Ogden Nash once wrote, “Some debts are fun when you are acquiring them, but none are fun when you set about retiring them.”One thing’s for sure: getting into debt is much easier than getting out of debt, so the more you know about debt and credit, the better off you’ll be. Author Dr. Shane Enete joins us again today to discuss his take on that double-edged sword.Dr. Shane Enete is an Associate Professor of Finance at Biola University and the author of the brand new book, “Whole Heart Finances: A Jesus-Centered Guide to Managing Your Money with Joy.”Debt In God’s WordDebt is often used in the Bible as a metaphor for bondage, emphasizing its severity. Both Jesus and Paul liken redemption to being freed from debt, highlighting the spiritual implications of financial burdens. Debt restricts our ability to fully express our identity in Christ and live freely according to God's will.The biblical concept of Jubilee, where debts are forgiven, highlights God's desire for us to be free and return to our original inheritance, reflecting His provision and grace.While usury, or lending that exploits and enslaves others, is condemned in the Bible, being in debt is more about wisdom than morality. Understanding the distinction between debt on appreciating assets (like education or a home) and depreciating assets (like a car or consumer goods) is crucial for making wise financial decisions.Credit: Not Always Synonymous With DebtCredit is often misunderstood as synonymous with debt. However, building good credit without borrowing is possible and beneficial. Credit is simply a measure of your trustworthiness to repay loans, and a good credit score can provide access to lower interest rates and better financial opportunities.Credit cards are a double-edged sword. While they offer convenience, they also delay the consequences of spending, making it easier to overspend. This delay can trigger a dopamine response, making shopping more enjoyable but also more dangerous financially. It's essential to be aware of this psychological trap and manage credit card use wisely.To avoid the pitfalls of credit cards, we recommend tracking spending daily and using digital envelopes for budgeting. These methods help make the consequences of spending immediate, encouraging more mindful financial decisions. Maintaining visibility over our finances prevents overspending and promotes wise money management. The FaithFi app is a great tool if you’re looking for a customizable money management tool to help you make good financial decisions every day. With the app, you can securely connect to bank accounts, track spending, and make the most of every dollar.Living debt-free and managing money in a way that honors God allows us to excel in the grace of giving. This enriches our spiritual lives by continually experiencing the gospel through generosity. By applying biblical principles to our financial lives, we can experience greater joy and freedom.On Today’s Program, Rob Answers Listener Questions:How can I find investments that align with my faith beliefs?My adult son is disabled and collects SSI and SSA. I retired early, but I am also a teacher seeking licensure. I'm not working right now until school starts again. The bank says they cannot use my son's income unless I'm a beneficiary. How can I become a beneficiary to show his income? And how would that impact me later on with the home if the government tried to take the house since he was receiving Social Security?Resources Mentioned:Whole Heart Finances: A Jesus-Centered Guide to Managing Your Money with Joy by Dr. Shane EneteFaith-Based Investment Funds ListRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

A boomerang is supposed to return when it leaves your hand. But a boomerang kid, well, that’s something else entirely.Do you have a boomerang kid? That’s a term for an adult child that’s returned home, like a boomerang, and now lives with you again. If so, you’re not alone. We’ll talk about what you can do about it.You're not alone if you have a boomerang kid living in your basement. The latest Boomerang Kids Survey by Thrivent, conducted in April, found that 46% of parents have had an adult child move back in with them at some point. This trend brings unique financial challenges for both parents and children.Impact of Student Loan DebtThe survey revealed that student loan debt is a significant factor preventing boomerang kids from achieving financial milestones:Buying a home: 39%Saving for retirement: 34%Building emergency savings: 36%Additionally, 28% of young adults report living paycheck to paycheck due to student loans, with only 22% saying their first job helps them pay down that debt.Financial Strain on ParentsAn adult child living at home may not be a significant financial burden if you only provide basic necessities. However, the costs can quickly escalate when parents start covering expenses like smartphones, student loans, and car payments. Many parents are willing to help their kids even to the point of jeopardizing their own financial stability. A Bankrate survey found that around half of parents have sacrificed emergency savings and debt payoff efforts to help their adult children, and 43% have tapped into retirement savings.This financial support can lead to dependence, where adult children begin to expect regular handouts. To prevent this, it’s crucial to establish boundaries and encourage financial independence.Strategies for Encouraging Financial Independence1. Realize the Need for ChangeIt’s essential to recognize the importance of addressing this issue. Having an adult child living at home should be temporary unless there are mitigating circumstances, such as caring for a disabled parent.2. Set Non-Negotiable RequirementsYour boomerang child must have a job and be earning an income. Set a deadline, such as “Moving out day is two months from now if you’re not working yet.” With plenty of jobs available, this should be feasible.3. Establish a Budget and Financial PlanOnce your child earns money, sit down with them to create a budget and financial plan. Emphasize the importance of saving money to move out and live below their means to achieve future financial success. You can temporarily offer to match their savings to accelerate the process.4. Encourage Emergency SavingsTeach your child to save for emergencies, ensuring their budget allows for this once they’re on their own. This will prevent them from needing to borrow money or move back in during a crisis.5. Be a Financial Role ModelLead by example. Demonstrate wise money management practices to instill financial responsibility in your children. Proverbs 22:6 tells us: “Train up a child in the way he should go; even when he is old he will not depart from it.”It’s never too late to start teaching financial responsibility. By implementing these strategies, you can help your boomerang child leave the nest successfully and achieve financial independence. Remember, the goal is to guide them toward a future where they can manage their finances wisely and thrive on their own.On Today’s Program, Rob Answers Listener Questions:Why did my credit score drop after making a large payment on my credit card?Can we withhold tithing temporarily to focus on expenses for our son's home, or should we continue tithing even though it's a struggle right now?I formed a revocable trust 23 years ago after my husband died when I owned a house. Now, I no longer own the house, and the only things in the trust are my car and some investments totaling about $80,000. Is it still worth having the trust, or should I get rid of it? If I do get rid of it, how do I do that? I'm also concerned about the tax implications for my children after I die. Would it be better for them to have the trust or not?I'm considering adding an addition to my home, which I own for free and clear. My 401(k) has grown substantially and is now around $1 million. I wonder whether it would be better to borrow the money for the addition and deal with the opportunity cost or to set up a home equity line of credit and pay it back over the next 10-15 years like a regular mortgage. What would be the better option for me?Resources Mentioned:Boomerang Kids Survey (Thrivent)Rich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people l

“Wealth gained hastily will dwindle, but whoever gathers little by little will increase it.” - Proverbs 13:11Patience is definitely a virtue, especially when it comes to investing. But too often, we allow our emotions to rule over us. Dr. Art Rainer joins us today to discuss four ways emotions ruin smart investing.Dr. Art Rainer is the founder of the Institute for Christian Financial Health and Christian Money Solutions. He is a regular contributor here at Faith & Finance and the author of “Money in the Light of Eternity: What the Bible Says about Your Financial Purpose.”The Impact of Emotions on InvestingWe often hear comments like, “The market has been on fire! I’m putting more money in!” or, “The market is tanking! I’m taking all of my money out!” These reactionary decisions in response to market fluctuations are rarely smart. When it comes to investing, emotions are your enemy. Allowing them to guide your decisions will likely lead to buying high and selling low, undermining the growth of a solid retirement fund.Let’s look at four ways emotions ruin smart investing so folks don’t fall into the emotional investing trap:1. Emotions often focus on the present rather than the future.While the present matters, we can become so consumed with day-to-day market volatility that we miss the big picture. Remember, we’re investing for the future, not today. Keeping your eyes on the future helps make market bumps seem less dramatic. So, limit emotional decision-making by focusing on long-term goals.2. Allowing fear to take over during a down market.When the market heads south, fear can suddenly overwhelm us. Fear-driven decisions rarely result in thoughtful, sound choices. We saw this in 2008 when many individuals pulled out of the market, vowing never to invest again. Most would now agree that their decision wasn’t the best. During a down market, fear is often your worst enemy. Not to mention that when the market is down, steady contributions purchase more shares to increase in value when the market recovers.3. We can be overconfident during an up market.Just as fear can hurt during down markets, overconfidence does the same during up markets. Before the dot-com bubble burst in 2000, we saw this overconfidence again in 2020. Upward-moving markets can make people view the market as free money. Investors who lack experience start buying riskier investments, and those who have never been in the market jump in, not wanting to miss out. This overconfidence can be as devastating as fear.4. Feeling regret when looking back on past investment decisions.You fear the drop and miss out on the gain, or you’re overconfident and suffer significant losses. This regret can lead to overcorrection in future decisions. While regret can help us learn, it’s crucial not to let it dominate our actions. The Bible says that saving is wise, so be wise. Save and invest for the future, but don’t let emotions drive your decisions.Becoming a Certified Christian Financial Counselor (CertCFC)Certified Christian Financial Counselors (CertCFC) help individuals and couples discover and pursue God’s design for money. Practically, Certified Christian Financial Counselors (CertCFC) guide individuals and couples in making wise financial decisions, building sound financial habits, and increasing their biblical financial literacy.If you’d like to learn how to become a Certified Christian Financial Counselor (CertCFC), you can go to ChristianFinancialHealth.com. If you need help creating a spending plan and want to work with a Certified Christian Financial Counselor (CertCFC) to get your finances back on track, go to FaithFi.com/Find. On Today’s Program, Rob Answers Listener Questions:What do I do with the $100,000 in my 401(k) from my previous job? I'm unsure if I should leave it there, roll it into my new employer's 401(k), or move it to an IRA. I want to make sure I'm making the best decision for my retirement savings.My question is about assigning a power of attorney. I don't have any family members I can ask to serve in that role. What do you recommend I do in this situation?My question is about the trust protector role that my attorney has assigned themselves to my trust and will document. I'm unsure what that means or if I should move forward with them in that position. Can you explain what a trust protector is and whether I should be concerned about that?During some slow months at my sales job, I've had to borrow money from family members to cover my mortgage and bills. When I get my next commission payment, I'll only have enough to pay back what I owe. I'm worried that if something were to happen to me, my kids would be affected by the debt I owe. I want to honor God with my finances, but I'm not sure what the right thing to do is in this situation. Can you provide any advice?Resources Mentioned:The Institute For Christian Financial HealthChristian Money SolutionsRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advi

“Do not be unequally yoked with unbelievers. For what partnership has righteousness with lawlessness? Or what fellowship has light with darkness? - 2 Corinthians 6:14That warning from the Apostle Paul is usually interpreted to mean that you shouldn’t marry outside the faith. But does it apply to other relationships just as much? Ron Blue joins us today with his practical and spiritual insights about partnerships.Ron Blue is the co-founder of Kingdom Advisors and the author of many books on biblical finance, most notably “Master Your Money: A Step-by-Step Plan for Experiencing Financial Contentment.”Understanding Partnerships Beyond MarriageIn 2 Corinthians, the Apostle Paul wasn’t just talking about marriage in his teachings; he was referring to all kinds of partnerships. Partnerships are prevalent in various professions, often seen in businesses with multiple partners and owners. These partnerships can last a long time. Business partnerships, much like other types, require careful consideration and management.Key Principles for Successful PartnershipsHere are a few key principles to consider:Protect Your Testimony: Being in a partnership with someone unequally yoked can impact your testimony. Only you and God can answer whether the partnership is worth the risk to your testimony.Have an Exit Strategy: Just like marriages, many partnerships end up dissolving. It's crucial to have an exit strategy in place before forming a partnership. This ensures that either party can exit the relationship equitably while maintaining their testimony.Preserve the Business’s Testimony: The business itself is often more critical than the individual founders. The goal is for the business’s mission and testimony to live beyond the partnership.On Today’s Program, Rob Answers Listener Questions:My question is about the capital gains tax on the property my husband plans to sell in Georgia. He lived there for 19 years before we married in September 2022 and moved to Tennessee. He plans to sell the Georgia property, pay off the remainder of our house in Tennessee, and invest the rest. I want to know if there is a time limit for him to sell the property and invest the proceeds to avoid paying as much capital gains tax as possible.How much cash should I keep at home versus in a safe deposit box? I've heard that some people are now keeping a lot of cash at home, like $4,000 or $5,000, and I wonder if you would recommend that. I don't have a debit card or ATM access, so I would need to go to the bank to get cash if needed.My husband and I have several savings accounts that hardly earn any interest. We have about $18,000 total in these accounts. What would you recommend we do to get a better return on this money? I want to ensure the money is still easily accessible as an emergency fund, but I'd like to see it earning more interest if possible.My siblings and I have some farmland that we inherited when our dad passed away eight years ago. The sale of the farmland is getting close to being finalized. I wonder how my tax filing status will affect the capital gains taxes I must pay on the sale. I'm currently single but plan to get married this year. Will filing jointly with my spouse next year impact the capital gains taxes I owe on the farmland sale this year?Resources Mentioned:Bankrate.com | NerdWallet Rich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

“I praise you, for I am fearfully and wonderfully made. Wonderful are your works; my soul knows it very well.” - Psalm 139:14God made each of us in His image, yet unique in our own way. We have different abilities to serve the Kingdom and different needs. For example, our healthcare needs differ. We’ll talk with Lauren Gajdek today about a great way to help you pay your individual healthcare costs.Lauren Gajdek is the Vice President of Communications and Media at Christian Healthcare Ministries, an underwriter of Faith & Finance. Christian Healthcare Ministries for Every ChristianChristian Health Care Ministries, or CHM, is for every Christian, regardless of where you live in the country or your denominational background. It's the body of Christ coming together to share each other's health care costs. Their common bond is the love we all have for God and the salvation we have through Jesus Christ.Healthcare needs differ and change over time. Whether you're a single person, a married couple, a younger or older married couple, have kids at home, or are an entrepreneur starting a business, CHM can go with you wherever you go. Even as you prepare for retirement, CHM can be a great solution for you.CHM Program OptionsLet's dive into the options available for different life stages:Bronze, $92 per unit, per month Silver, $138 per unit, per monthGold, $240 per unit, per monthSenior Share, $115 per unit, per monthYou can change your program and even have different family members on different programs, offering a lot of flexibility.The Sense of Belonging with CHMCHM is a Christian organization and a ministry first and foremost. They talk to people every day going through very difficult times, and participating in this program means receiving prayer and encouragement when you need it most. As 1 Corinthians 12:27 says: "You are the body of Christ, and each one of you is a part of it."Medigap and Medicare Advantage with Senior ShareCHM will also help with costs that Medicare doesn't cover. They do require Medicare enrollment if you're of the proper age, but if there's a gap in coverage, CHM can step in and help pick up those additional costs.If you want to learn more about Christian Healthcare Ministries (CHM), you can visit CHMinistries.org/FaithFi.On Today’s Program, Rob Answers Listener Questions:I'm concerned that a mass transfer to cryptocurrency could affect credit, interest payments, and the US dollar. I recently received an inheritance, and I'm worried about how this could impact the growth of my money. Should I look into alternatives like gold instead of keeping my money invested?My wife and I inherited an IRA from my mother, who passed away from COVID. I started with about $215,000 in the account, which has now grown to around $235,000. With all the market volatility, I'm feeling a bit nervous about it. We also recently built a house with a mortgage of around $230,000 at an interest rate of 2.85%. I'm trying to decide whether to use some of the IRA money to pay off the mortgage or keep the IRA invested and let it grow over the next ten years before withdrawing it. What would be the best financial decision for my wife and me?I recently received some Walmart stock, about $5,200 worth, as part of an inheritance from my sister. The attorney sent me the cash. How do I report this on my taxes? Does the attorney need to send me a 1099, or do I just need to report the $5,200 I received? I usually file my taxes, but I want to ensure I handle this inheritance properly.Resources Mentioned:Christian Healthcare Ministries (CHM)Rich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The late Tim Keller once said, “Just because you can’t see or imagine a good reason why God would allow something bad to happen…doesn’t mean there can’t be one.”When something bad happens to your finances, it’s tempting to wonder if God really knows what he’s doing. Well, He does! Today, we’ll find God’s comfort in the midst of financial trials.1 Peter 5:7 reminds us of God’s love for us in the midst of life’s troubles: “Cast all your anxiety on him because he cares for you.” It’s a reassuring verse, but you must know the context to understand God’s comfort fully.The Context of Peter's MessageThe Apostle Peter wrote his letters to Christians scattered throughout Asia Minor. Many of them were being persecuted, discriminated against, and even murdered because of their faith in Jesus. In these hardships, Peter told his readers to: “Humble yourselves, therefore, under God’s mighty hand, that he may lift you up in due time. Cast all your anxiety on him because he cares for you.” - 1 Peter 5:6Life can be challenging. It certainly wasn’t for first-century Christians and may not be for you right now. But Peter’s words contain the secret of God’s comfort. It begins with humility.You can probably think of a time when you were going along just fine, and out of the blue, something awful happened, like the death of a loved one, a business failure, a car accident, or a job loss. These tragedies can have severe emotional, physical, and financial consequences.Our Reactions to HardshipsHow do you usually react when bad things happen? Maybe you feel anxious and say, “That’s not how things were supposed to go!” Or, you might feel angry and discouraged, thinking, “Nothing good can ever come from this!” If this sounds like you, you’re in good company. Whether you read the book of Psalms and see David praying laments before God or see Job questioning God during the unfair trials he faced, we leave with this beautiful truth: God can handle our raw, honest emotions.Like David and Job, in these difficult circumstances, we need to continually be reminded that God is mighty, loving, and perfectly capable of running the universe. As worshipers, we’re not called to deny our pain but instead offer it to the only One who can do anything about it. When we bring our grief into God’s presence, we gain perspective. It’s a perspective that rises above the storm. It’s a perspective that sees the Son of Man standing alongside you in the fire.Trusting God's TimingAnother idea in this passage can help us when we struggle. It’s the part that says God will lift us up in due time. In other words, God is sovereign, and there is always hope. We can trust God’s timing, even if it doesn’t match our expectations. God is working things out for our good and his glory.Sometimes, it’s not enough just to listen to a radio program. The struggles in your life hit you hard, and you need more. I hope you’ll spend some extra time reading God’s Word. Pray. Find out what God wants to teach you through your struggles. Spend time with other believers, encouraging each other.The next few verses in 1 Peter 5 explain why these spiritual disciplines are so important. 1 Peter 5:8 reads: “Be self-controlled and alert. Your enemy the devil prowls around like a roaring lion looking for someone to devour. Resist him, standing firm in the faith.” This passage reminds us of the spiritual battle going on all around us. Suffering can make us even more vulnerable to Satan’s attacks. He tries to make us believe we can “do life” without God. But Peter tells us to resist his lies. Bible study, fellowship, and prayer will help you stand firm in the faith.Practical Steps for ComfortTrust the Lord that he has a good reason for what you’re going through right now! The late Tim Keller reminds us, "If we knew what God knows, we would ask exactly for what he gives.”So, when your finances fall apart, here’s how to find real, deep, lasting comfort:Set aside your expectations for how things should be.Humble yourself, and confess your pride.Acknowledge God’s right to be the Lord in every situation.Rest in the hope that God works all things out for your ultimate good.List what you’re worried about or afraid of in this time of trouble.“Cast all your anxiety on him because he cares for you.” - 1 Peter 5:7Stand firm in your faith!In Romans 5:3-5, Paul reveals that God uses hardships to make us more like Christ. It reads: “We also glory in our sufferings, because we know that suffering produces perseverance; perseverance, character; and character, hope. And hope does not put us to shame, because God’s love has been poured out into our hearts through the Holy Spirit, who has been given to us.”Remember, the challenges we face are not just obstacles but opportunities to deepen our faith and experience God’s transformative love. Stand firm in your faith, surrounded by a community of believers, and trust in the boundless grace of God, who turns our trials into triumphs. Let's move forward with hope, knowi

Home mortgage rates haven’t gone through the roof in recent weeks…that’s the good news.The bad news is that they’re already pretty high. Coupled with high home values, it’s an uphill climb for first-time home buyers. Will it get easier anytime soon? Dale Vermillion joins us today to talk about it.Dale Vermillion is the author of Navigating the Mortgage Maze: The Simple Truth About Financing Your Home. This book covers everything you need to know about securing a mortgage—all from a biblical perspective.Current Mortgage Rate OutlookThe rates on a 30-year fixed mortgage have been hovering around 7%, and we can expect them to stay between 6.5% and 7.25% for the remainder of this year. Analysts predict that rates may not drop to the 5% range until at least 2025 or 2026, barring any dramatic market changes.The biggest challenge for first-time home buyers is affordability, not inventory. Despite an increase in available homes (620,000 nationwide compared to 451,000 last year), the average sales price is around $420,000. Prospective buyers must carefully budget and ensure they don’t overextend themselves financially.Timing Your Home PurchaseGiven the stable interest rates and improving inventory, now might be a better time to buy than in recent years, as long as you're financially ready. New construction starts are up, particularly in the $200,000 to $350,000 range, ideal for first-time buyers. Additionally, the post-busy season (after school starts) might offer a better buying opportunity with less competition.Interestingly, the housing market seasonality has shifted since COVID-19. Traditionally, spring and summer were the hot buying seasons, while fall and winter were cooler. However, current market demand and population numbers have evened out these seasonal trends. Higher interest rates generally mean less competition, making it a good time to buy.Pricing Your Home for SaleThe strategy for pricing homes has evolved. Previously, sellers would price high and negotiate down. It’s common to price lower to attract more buyers, often resulting in offers above the asking price. However, recent trends show that about 35-36% of homes sell below the asking price, indicating a shift towards more realistic listing prices.For more guidance on navigating the complexities of buying and selling homes, check out Dale’s book, "Navigating the Mortgage Maze: The Simple Truth About Financing Your Home."On Today’s Program, Rob Answers Listener Questions:I have a mother who has been involved in a Publishers Clearing House scam for the last several years. My brother and I, along with the police, have tried to convince her that it is a scam, but she refuses to believe us. Recently, we were able to arrange the sale of her house and get her into an independent living situation with the ability to transition to assisted living or memory care if needed in the future. However, I have found that she has continued to participate in the scam and is giving away her retirement income each month. As her power of attorney, I am trying to save what is left of her assets for her future care. Am I doing the right thing by taking control of her finances to prevent her from being further exploited?I have a few credit cards with Capital One and some loans, including a farm investment loan and a business loan. The interest rates on these debts are high, and I'm figuring out how to lower my monthly payments. I'm currently working with Primerica in the financial services industry, but the income from that is slow. I would like to know if I should look into a debt consolidation loan to settle my payments and make it easier to manage my debt. What would be the best approach for me in this situation?Resources Mentioned:Navigating the Mortgage Maze: The Simple Truth About Financing Your Home by Dale VermillionChristian Credit CounselorsRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Human Genome Project discovered amazing things about man’s makeup. What it didn’t find…was a saving gene.In my book, that means saving doesn’t come naturally—it’s a habit we have to learn…and God’s Word tells us why it’s so important.The Reality of Financial InsecurityYou might be surprised to learn that surveys show less than half of Americans can handle an unexpected expense of $1,000. Many have little or nothing in their emergency fund, and when financial setbacks occur, they often have to borrow, usually using credit cards. This situation highlights the importance of saving, a practice the Bible encourages as wise.Proverbs 10:4-5 states, “A slack hand causes poverty, but the hand of the diligent makes rich. He who gathers in summer is a prudent son.”While it’s prudent to save, we must remember not to put too much trust in our bank accounts. Our ultimate trust should always be in God, our Provider, who has promised to meet our needs and remains faithful.Trusting in God's ProvisionLuke 12:24 reads, “Consider the ravens: they neither sow nor reap, they have neither storehouse nor barn, and yet God feeds them. Of how much more value are you than the birds!” This verse reminds us that while God has His part in our provision, we also have ours. We are to save as His Word instructs us. If you struggle with the temptation to spend, take comfort in 1 Corinthians 10:13, which assures us that God will provide a way to endure and overcome temptations.For some, saving money can’t be avoided due to low-income levels. However, many people who struggle with saving actually make enough money but lack self-discipline. The key to saving is living below your means and exercising self-control. God wants our lives to be balanced, enjoying His bounty while also taking care of our families and helping others in need. This becomes difficult without savings.Everything we have belongs to God, not just what we put in the offering plate. We are stewards of the resources He entrusts to us, and it’s our responsibility to manage them wisely. Here are some steps to start the process of saving:Steps to Start SavingCreate a Spending Plan: Without a budget, you’re flying blind. Your budget should cover all planned expenses and leave something left over. Consider using the FaithFi app to make this process easier.Cut Spending: You’ll need to reduce expenses in some areas. Identify and trim non-essential items from your budget. However, don’t try to do it all at once. Make realistic cuts to avoid feeling deprived.Save from Every Paycheck: Establish the habit of saving something from each paycheck. Developing this discipline is more important than reaching a specific goal. Over time, you can gradually increase your savings amount.Set Attainable Goals: Start with small, achievable goals, like saving $100 or $200 a month. Begin with building an emergency fund, aiming for $1,500, then one month’s living expenses, and eventually 3 to 6 months’ worth.Long-Term Savings Goals: Once your emergency fund is established, set new goals such as buying a home, taking a family trip, or giving to a favorite ministry.Team Effort for Couples: If you’re married, make saving a team effort. Set long-range goals together and celebrate progress, but keep celebrations within your budget.Prayer and Contentment: Pray for self-control and a contented heart. Developing the habit of saving will improve your life, relationships, and ability to serve God and help you sleep better.By following these steps and trusting in God’s provision, you can build a solid financial foundation. Saving provides security and enables you to be a faithful steward of God’s resources, ready to meet your needs and help others. Start today and watch how it transforms your life.On Today’s Program, Rob Answers Listener Questions:What should I do with the Schwab account that has been sitting there for the past seven years? I want to ensure I invest it responsibly and in accordance with my Christian values, but I'm unsure how to do so. Can you provide guidance on finding a financial advisor to help me do so?I've taken a break from work for the past four months to focus on my mental health and seek God's guidance on my next steps. I've fallen into debt with two credit card loans during this time. Now that I'm back to work, should I try to pay off these loans the old-fashioned way by making payments, or should I go through a lender that can help me settle the debt? I want to ensure I'm handling this in a way that honors God.My husband was offered a job with a new company that is part of a union. We're unfamiliar with what that entails, as he's never worked for a union. We're trying to weigh the pros and cons - would the benefits and pension offered by the union be worth paying the union dues, or would it be better for him to stay in his current non-union job? What financial considerations should we consider as we make this decision?Resources Mentioned:Christian Credit CounselorsRich Toward God: A

We are so materially blessed that we take many things for granted. Can you imagine not having a simple pair of shoes to go about your day?It’s tragic. Millions of children around the world, many of them orphans, suffer the huge disadvantage of not having shoes. Shawn Spurrier joins us today to talk about a way you can help.Shawn Spurrier is the Director of Buckner Shoes for Orphan Souls at Buckner International, an underwriter of Faith & Finance. The Importance of New ShoesProviding new shoes and socks is fundamentally important for these children. New shoes mean:Health: Protecting against disease and infection.Education: Lowering barriers to school attendance.Hope: Demonstrating worth and God’s love.Opportunity: Connecting families to holistic ministry.With the support of generous folks, vulnerable children are protected from disease, receive an education, gain confidence, and see new possibilities in life. Most importantly, they receive the priceless message of the Gospel.How Shoe Drives WorkOne of the key ways Buckner Shoes for Orphan Souls accomplishes its mission is through shoe drives. Hosting a shoe drive is a simple yet impactful way to partner with this ministry. Anyone can sign up to host an in-person or virtual shoe drive in their community, regardless of location or time of year. Here’s how it works:Sign Up: Register for a shoe drive at Buckner.org/shoes.Coordinate: Work with your school, church, office, or club to organize the drive.Promote: Buckner provides all the necessary materials, including:Promotional instructionsPostersBrochuresDVDs with promotional videosPacking and shipping instructionsCollect: Gather new shoes and optional donations to cover shipping costs.Ship: Send the collected shoes to the Buckner Center for Humanitarian Aid in Dallas, Texas. Buckner will distribute them to needy children worldwide.Other Ways to HelpIf hosting a shoe drive isn’t feasible, there are still ways to get involved. Making a donation is a powerful way to contribute. A $15 or $30 donation can change a child’s life by providing them with a pair of shoes. To make a donation, simply visit GiveShoesToday.org.Whether you host a shoe drive or make a donation, you can play a vital role in this ministry. Visit Buckner.org/shoes to learn more and get involved.On Today’s Program, Rob Answers Listener Questions:My question concerns whether I should diversify where I invest. I'm 65 years old and have about $1.2 million, with half of that in a brokerage account with LPL and the other half in a previous employer's 401(k). My broker would like to transfer all the money to him, but I'm considering moving the 401(k) portion to a fee-based management account instead. I'm concerned about putting all my eggs in one basket, so I'd like to know if I should consider a different advisor for that portion of my investments.I paid off my house a couple of years ago, but the title company still has the title. Should I leave the title with them as a safe spot or take it out and put it in a safety deposit box or somewhere else? What should I do with the title now that my home is paid off?My husband and I are deciding the best time to replace my car. We're both retired, but he still works part-time for a couple more years. He thinks replacing the car while he's still working is better, but I have a 13-year-old car running great. I'm hesitating about trading it in. What's your opinion on whether I should replace the car now or wait?I'm pushing 80 years old, and I'd like to close many accounts. I don't even care about my credit score at this point. But how much of a hit does it put on my credit to close if I want to close three or four accounts?Resources Mentioned:Buckner Shoes For Orphan SoulsRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

“A good man leaves an inheritance to his children's children, but the sinner's wealth is laid up for the righteous.” - Proverbs 13:22We’re all familiar with that verse, but do we fully understand its meaning? Is it only about money? I’ll talk about that with Harlan Accola today.Harlan Accola is the National Reverse Mortgage Director at Movement Mortgage, an underwriter of Faith and Finance. He is also the author of Home Equity and Reverse Mortgages: The Cinderella of the Baby Boomer Retirement. The Misconception of Leaving a Financial InheritanceAs Christians, we often forget that the most important legacy we can pass on is our faith and wisdom, especially financial wisdom, to help our children avoid mistakes we’ve made. Much like other private topics, money management is rarely discussed but is critically important.Many people believe they must leave a financial inheritance, particularly their home, to their children, stemming from historical practices of passing down farms or businesses. This belief often leads the elderly to sacrifice their own comfort. However, assets, including homes, should be viewed like any other possession. It's unfortunate that some elderly individuals avoid reverse mortgages and live in poverty to preserve their homes for their heirs, driven by fears that this approach might be unbiblical or might upset their children.Starting the Conversation EarlyThe solution to these issues is early and open conversation. Often, parents are private and embarrassed about their financial struggles. Children can initiate these discussions, reassuring their parents that it’s not about the inheritance but their well-being. Most children wouldn’t want their parents to forego basic necessities or bucket list vacations for a larger inheritance. They appreciate their parents' hard work and want them to enjoy the fruits of their labor.For adult children wanting to start this conversation with their parents, Harlan suggests using examples from family and friends who faced long-term care issues or probate messes to discuss their own family's plans. It's crucial to make clear that the motivation is not about receiving an inheritance but about ensuring the parents' comfort and security. Clear instructions from parents can prevent family conflicts later on.Mechanics of a Reverse MortgageRegarding reverse mortgages, it’s important to note that homes will continue to appreciate, often leaving equity for heirs. It is generally better to give with a warm hand or leave behind assets like Roth IRAs and life insurance proceeds instead of a home. Additionally, heirs might be able to deduct unpaid interest and mortgage insurance, potentially erasing significant tax liabilities.If you’re looking for a mortgage solution or have questions about whether a reverse mortgage is right for you, you can contact Movement Mortgage at movement.com/faith.On Today’s Program, Rob Answers Listener Questions:My husband's wallet has been lost, and his social security card was in it. I'm wondering if we've done everything we should to protect ourselves or if there's something else we could do. We've already canceled our credit card.Resources Mentioned:Movement MortgageAnnualCreditReport.comRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

If you have school-age children, you know that we’ve entered one of the year's busiest shopping seasons.It’s true—families are gearing up to send kids back to school, which means a lot of spending. So, how can you make the most of yours without going into debt?As summer winds down, retailers gear up for their own version of Christmas: back-to-school shopping season. A recent survey by NerdWallet reveals that parents of K-12 and college students plan to spend an average of $540 on school supplies and clothing this year. Unfortunately, this can lead to financial strain, with one in ten shoppers going into debt and another 20% using "buy now, pay later" programs.Avoid Debt with Smart ShoppingTo avoid falling into debt, maximizing your back-to-school budget is essential. One way to do this is by taking advantage of sales tax holidays in your state. These holidays can save you anywhere from 2% to 7%, but they vary widely by state, so knowing the exact dates and eligible items is crucial.Sales tax holidays often occur over weekends, but the exact timing can differ. Some states start on a Friday and end on Saturday. Additionally, the items that qualify for tax exemption also vary. While clothing and computers are generally tax-free, accessories might not, so planning your purchases is essential. NerdWallet provides a handy guide detailing which states have tax-free holidays, their dates, and the tax-free items. We’ll include a link to it in today's show notes.Not all localities participate in state tax holidays, so check if your city or town is included. If not, you might need to shop in a nearby area. Fortunately, many states allow for tax-free online purchases during these holidays, provided the items are ordered and paid for within the tax holiday period, even if they are delivered later. Major retailers like Amazon and Walmart participate by automatically deducting sales taxes on eligible items.If you don't already have a membership at a big warehouse store, consider getting one. The savings from back-to-school sales and the benefits of sales tax holidays can make the membership fee worthwhile.Avoiding The Debt TrapRegardless of sales tax holidays, you must determine your budget without relying on credit cards. Make a list of essential items your kids need for the school year. If your budget doesn’t cover everything, prioritize purchases and buy only what you can afford now.While using credit cards to buy everything at once might be tempting, the high interest rates—now averaging around 22%—make this a costly option. It’s better to save on sales tax for some items now and purchase the rest with cash later, avoiding credit card debt.Retailers will tempt you with promotions and sales, but not all items may be tax-exempt during the holiday period. Stick to your pre-determined list to avoid impulse purchases and unnecessary spending.Planning carefully and taking advantage of sales tax holidays allows you to make the most of your back-to-school shopping without falling into debt.On Today’s Program, Rob Answers Listener Questions:My son has back taxes he owes and was looking for tax relief possibilities. He found a company that advertises on national TV, claiming they have saved over a billion dollars in tax dollars for individuals and helped close to 72,000 people. The company's website shows that it has a good rating with the Better Business Bureau and is a member of the NAATP. My son was persuaded to sign up with them, make three upfront installments with his credit card, and give them power of attorney to represent him to the IRS. As we looked into the company further, we found that the reviews indicate they rarely obtain any tax relief or assistance for their clients, despite their claims. I'd like to know whether my son should continue with this company or if he has gotten into a bad situation that will just be a costly lesson learned.My husband and I have a real estate opportunity. A gentleman from our church has a disabled friend who is about to be taken from his home because he has no money and owes about $2,600 in back taxes. The gentleman wants to know if we would put our name on the deed with his friend and let him live the rest of his life there, with us paying the taxes. What would the tax implications be for us in this situation?I have a whole life insurance policy I've had for over 30 years, closer to 40 years. I'm retired now and have money built up inside the policy. It's set up so I could take a loan against it, but I don't see myself doing that. My children are grown, and I've heard that I could potentially sell this policy or just turn it in and get rid of it. I'm hoping you can provide some insight on the best way for me to use or get rid of this policy.I'm 38, single, and recently lost my good-paying job. I'm trying to figure out what to do with my house. I'm thinking about selling it and getting rid of the whole thing, as I'm running out of room. I'm looking for some wisdom and advice on how

The human instinct is to hoard things in times of economic stress. Let’s look at what the Bible has to say about that.Hoarding is the over-the-top collection of stuff you can’t rationally use in a reasonable time. Today, we’ll talk about the root causes of this temptation and how to avoid it.Triggers of HoardingPeople hoard at different levels, sometimes even to the point of mental illness, though that's not our focus here. Instead, we’ll discuss the kind of hoarding that many of us are tempted to do, often in response to circumstances.Various factors can trigger hoarding:Fear of Not Having Enough: Remember the panic buying of toilet paper and hand sanitizer during the pandemic? Fear of scarcity can lead to hoarding.Envy: Seeing others with something desirable can tempt us to stock up on the latest hot product just because everyone else is.Selfish Desire for More: Sometimes, people use “frugality” as an excuse to buy excessive amounts of something on sale.Addressing the Heart AttitudesIf your hoarding is driven by fear, envy, or greed, turning to God’s Word can provide a way out.Fear shows a lack of trust in God’s provision. Philippians 4:19 reassures us, “My God will supply every need of yours according to his riches in glory in Christ Jesus.” Trusting in God’s provision helps alleviate fear.Envy focuses on our own desires and disrupts our peace. Proverbs 14:30 says, “A tranquil heart gives life to the flesh, but envy makes the bones rot.” The antidote to envy is contentment, as highlighted in 1 Timothy 6:6, “Godliness with contentment is great gain.”Greed turns possessions into idols. Jesus warns in Luke 12:15, “Watch out! Be on your guard against all kinds of greed; life does not consist in an abundance of possessions.” Cultivating contentment with what we have helps us avoid the snare of greed.The Problem with HoardingHoarding not only reflects negative heart attitudes but also cancels out generosity. Stockpiling for ourselves often means neglecting those in need.While preparing for the future is prudent, it should not be done out of fear or greed. Proverbs 6:6-8 encourages wise preparation: “Go to the ant, O sluggard; consider her ways, and be wise. Without having any chief, officer, or ruler, she prepares her bread in summer and gathers her food in harvest.” This biblical principle endorses preparation without promoting a frantic or selfish mindset.Principles for Godly PlanningGodly planning involves stewardship and generosity. Here are some principles to guide you:Trust God: He holds the future and cares for His children.Prepare Wisely: Be prudent without being driven by fear or greed.Practice Generosity: Plan to be generous with your resources.Applying These Principles in Different Life StagesNo matter your stage in life, the principles of stewardship and generosity apply.For Teenagers: God may guide you toward college and a career where you can influence others for His Kingdom. Trust Him with your resources and follow His call.For Parents: Teach your children to treat their possessions lightly and model godly financial principles. Show them the importance of generosity and stewardship.For Workers: Work wholeheartedly as though for the Lord, trusting Him to provide for you and your family.For Retirees: Consider how God wants to use you and your resources to advance His Kingdom. Retirement is an opportunity to serve and bless others.A spirit of hoarding leads to spiritual harm, while a spirit of stewardship and generosity brings blessings. Remember, everything belongs to the Lord, and He has important work for you to do. Don’t let hoarding distract you from His plan. Embrace contentment, trust in God’s provision, and be generous with what He has given you.On Today’s Program, Rob Answers Listener Questions:Would taking out a $40,000 personal loan at 7.49% interest to pay off my mortgage and save on interest payments over the next six years be a good idea? My mortgage interest rate is around 8%, and payments are $1,500 monthly, with only around $150 going toward the principal. The personal loan would be $800 per month for six years. Please let me know if this is a wise move.I would like some advice about solar farm developers who have approached me about putting solar panels on around 40 acres of my farmland. I've spoken to my local attorney about reviewing the contract, but I wanted to know if there were any potential pitfalls I should be aware of.I recently retired at 66 and await my social security checks to kick in. Through my job, I accumulated $100,000 in a Thrift Savings Plan retirement account. Should I start withdrawing from that account or leave it alone? My wife and I will receive around $4,300 monthly from Social Security, more than our estimated monthly expenses of $3,500 since our house is now paid off. Given our situation, should I start withdrawing from the TSP funds or leave them invested?Resources Mentioned:Rich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingd

Margin is one of those important things in life that we often take for granted … and that can lead to trouble.Margin basically means “something extra.” A little extra time or even distance from the car in front of you. It’s critical, especially with your finances. I’ll talk about financial margin today.Applying Margin to Personal FinancesWhen you think of "margin," you might associate it with the business term "profit margin." This concept is crucial in business, as it determines a company's profit after all expenses. Every step of bringing a product to market involves multiple entities—manufacturers, salespeople, transporters, and retailers—all needing to make a profit. The margin each entity needs can vary widely depending on the product, competition, market size, and sales volume.For example, in business, margin in personal finances means having something left over after meeting all your obligations. This isn't just about money but also about time and energy. After fulfilling job duties, family commitments, household chores, and church obligations, it's essential to have time and energy left to recharge and spend with God.Financial margin means having extra funds for unexpected expenses, like emergencies, medical bills, or helping others when God prompts you. Achieving this requires living on a budget or spending plan, which helps you decide in advance where your money will go.The Four Uses of MoneyThere are only four things you can do with money:Live on it.Give it away.Owe it to someone.Grow it.A budget helps you allocate your money into these four categories in advance, unlike balancing a checkbook, which only shows where your money went.Creating a Budget for Financial MarginUsing a budget is critical to creating financial margin. It allows you to plan your spending and ensure you have money left over at the end of the month. If you have more month left than money, you'll need to make changes—either by increasing your income or reducing your expenses. The goal is to live on less than you make, avoiding debt and saving for the future.The FaithFi app is an excellent tool for setting up your budget. It uses the envelope system and offers three ways to create a budget, making the process simple. By planning out your spending decisions, you can ensure you have financial margin.Benefits of Financial MarginYou may also have more physical and emotional margin when you achieve financial margin. You'll sleep better, feel more relaxed, and be better able to use your spiritual gifts to serve God and help others.Margin is essential in both business and personal finances. By living on a budget and creating financial margin, you'll be prepared for unexpected expenses and able to live a more balanced, fulfilling life. Remember, having margin isn't just about money—it's also about having time and energy to spend with God and your loved ones.On Today’s Program, Rob Answers Listener Questions:Are schools required to offer a Roth 401k option for their employees, or is it optional? I would like to know if I can put money into a Roth IRA since my employer only offers a traditional 401k.How are the distributions from grandparent-owned 529 plans treated concerning financial aid? Is this changing soon? What annual gift limits can I give my adult children each year without affecting my taxes or theirs? Where should I invest some of my savings to get a higher rate of return? As retired seniors, my wife and I want to take on only a few risks, but we wanted to know if there was a local financial advisor or CPA we could talk to about our options.What should I do with some substantial savings I have set aside as an emergency fund? I’m getting a meager interest rate, less than 1%, on the savings. I wanted advice on whether I should keep them in savings or if there was a way to get a higher rate of return.What should I do with my 401k as I approach retirement age? I will be turning 59 and a half soon and have a portable pension. Would putting it into a backdoor IRA make sense, or should I talk to a financial advisor to help me plan for retirement since I want to retire at age 62?Would paying off the $500 left on my truck payment be okay since I have enough in my emergency fund? Resources Mentioned:Bankrate.comRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Is Jesus Lord of all your affairs, or is there still one part of your life where you insist on being “in charge?”That one area, all too often, is money. We all have to make a decision. Will we live in God’s economy or man’s? Sharon Epps is here today to help us understand the difference.Sharon Epps is the president of Kingdom Advisors, FaithFi’s parent organization. Kingdom Advisors serves the broad Christian financial industry by educating and equipping professionals to integrate biblical wisdom and financial expertise.Being "In the World" but Not "Of the World"Oswald Chambers once said, "Our Lord did not teach detachment from other things: He taught attachment to Himself." Jesus was not a recluse; He was deeply involved in everyday life but lived according to Kingdom values, not the world’s. Larry Burkett also noted that few Christians understand the devastation caused by the misuse of money. Those who embrace God’s financial plan stand out, while many struggle within the world’s economic system.Man’s economy is characterized by frustrations, worries, and anxieties, affecting many Christians as much as non-believers. Sharon highlights that the constant drive for more, as described in Psalm 4:6-8, contrasts sharply with the contentment found in God’s economy.Key Differences Between God’s Economy and Man’s EconomyIn God’s economy, He is the master, providing everything, including our ability to earn money (Deuteronomy 8:18). In man’s economy, money becomes the master, regardless of how much one has.God is the source of our income in His economy, whereas, in man’s economy, people often claim, "I earned it." Recognizing God as the source fosters humility and gratitude.In God’s economy, wealth is given to help others and advance His Kingdom. Man’s economy views wealth as a means to live independently and insulate oneself from life’s problems.The Role of MoneyMoney’s purpose is to fulfill God’s plans. In contrast, man’s economy sees money as a safeguard against potential issues, leading to constant fear and a sense of never having enough.In God’s economy, we are trustworthy stewards of temporarily given resources, guided by biblical principles. In man’s economy, the focus is on personal fulfillment and happiness.Success in God’s economy is defined by faithfulness to His principles, leaving the outcome to God. Man’s economy measures success by achievements and net worth, often leading to feelings of failure if goals aren’t met.What Drives Us?God’s economy promises eternal rewards, with the ultimate affirmation being, "Well done, good and faithful servant!" (Matthew 25:23). Man’s economy values earthly gains, which cannot be taken beyond this life.In God’s economy, our significance comes from being a child of God. Man’s economy ties worth to work, riches, and power, offering little lasting joy. In God’s economy, we are driven by His glory and fame. Man’s economy motivates us through personal significance and security.Living in God’s economy brings contentment in all circumstances, trusting God is in control and will provide. In man’s economy, emotional states are volatile and dependent on financial success or failure. Living in God’s economy brings peace, purpose, and joy, contrasting sharply with the anxiety and instability of man’s economy.On Today’s Program, Rob Answers Listener Questions:How does Social Security work if I draw from my ex-spouse's retirement? I was married for 19 years and have not remarried yet. Will taking my ex-spouse's benefit affect what they receive? When would be the right time for me to contact Social Security about claiming this benefit? I work with a ministry called Men of Valor that helps men coming out of incarceration to reenter society. One of the significant challenges we see is that once these men start earning an income, it can be difficult for them to manage their money and avoid overspending. I've heard you talk in the past about budgeting apps and wanted to know if there is something our men could use on their phones to help divide up their paychecks for expenses like rent, food, giving, and other necessities. Can you recommend anything that might work well for this purpose?Resources Mentioned:Rich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

It’s human nature to be concerned about having enough, but would you know it when you get there?It’s a question we don’t ask ourselves enough…how much is enough? We have a great story in the Bible that gives us a clue, and Dr. Kelly Rush joins us today to talk about it.Dr. Kelly Rush is a Professor of Finance, Department Chair, and Financial Planning Program Coordinator at Mount Vernon Nazarene University in Ohio. Understanding Lifestyle CreepIf you’re unfamiliar with the concept of "lifestyle creep," it’s where individuals tend to spend more on lifestyle comforts and luxuries as they earn more money. For example, a college student on a Taco Bell budget may progress to eating at Panera and eventually to dining at more expensive restaurants like the Cheesecake Factory as their income increases.Lifestyle creep isn't limited to dining choices. It affects various aspects of life, including vacations, clothing, entertainment, and cars. For instance, a high school student might start with an old Ford Taurus, but they may drive a luxury car like a Mercedes or BMW by their peak earning years. This progression happens gradually and can lead to significant lifestyle changes over time.Is Lifestyle Creep Wrong?Increases in lifestyle spending can be healthy and motivating but can also be a slippery slope if left unchecked. It's essential to monitor our budgets and hearts to avoid falling into the trap of excessive spending.Lifestyle creep is fundamental to the human condition and not just a result of cultural norms. There are parallels to the biblical story of Lot, who progressively moved closer to the affluent and corrupt city of Sodom, illustrating that the desire for more is a timeless human trait.Lessons from Lot's StoryLot's story in Genesis 13 shows how he chose the greener pastures of Sodom for greater financial gain, eventually becoming influential in the corrupt city. This progression highlights the dangers of prioritizing wealth and lifestyle over spiritual and moral values.While Sodom is often associated with sexual sins, Ezekiel 16:49-50 reveals that their iniquity also included arrogance, gluttony, idleness, and neglect of the poor and needy. Wealth gave them a false sense of superiority and security, leading to their downfall.Avoiding Lot's MistakesTo avoid the pitfalls of lifestyle creep, it’s crucial to set financial finish lines—real dollar limits on spending that help define "how much is enough." These limits can be for lifestyle expenses and assets, ensuring that any financial blessings beyond these limits are used to bless others.Setting financial finish lines increases giving and sharing of the Lord's abundance. As Paul advised in 2 Corinthians, giving should be decided in one's heart and done cheerfully. Establishing these limits helps align our financial decisions with our values, creating greater joy and purpose.On Today’s Program, Rob Answers Listener Questions:Should I keep my $25,000 in a conservative investment group that is no longer actively managing it, or should I roll it over to the company I have been with for 30 years? They have been handling my other $50,000 investment and are doing well as my advisors.I was wondering what to do with my $60,000 disability settlement. Is there any way I could stop paying the extra Medicare insurance that was automatically taken out since I already have insurance through my pension?I recently received a call from USAA about investing $300,000 from my TSP into a retirement annuity. Since I plan to retire within the next year, I wanted to know if putting the money into an annuity would be a good idea so that I could get a return on it.Resources Mentioned:Timothy PlanRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stock markets have seen record highs in the past couple of months. Is it a good time to take profits?Well, it certainly can be a good time to take profits if you’ve seen your investments go through the roof recently. And today, I want to tell you about a way to realize those gains for God’s Kingdom.Why Donate Appreciated Stocks?With recent historic highs in the markets, now is an excellent time to consider donating appreciated stocks to your church or other ministries. Donating stock instead of cash can significantly benefit both the donor and recipient, primarily due to its tax advantages.The Benefits of Donating StocksDonating appreciated stocks to a ministry typically gets a higher tax deduction and avoids capital gains taxes. This means you can give more than you might if you donate cash. Here’s why:Tax Deductible: The total value of the stock is deductible.Avoid Capital Gains Taxes: There is no need to pay taxes on the appreciated value.If the stock value has appreciated, donating it directly to a church or charity is usually the best option. However, if the stock has lost value, it’s better to sell it, take the deductible loss, and then donate the cash proceeds.Understanding the Tax BenefitsThe tax benefits of donating stocks depend on the type of organization you’re giving to and your adjusted gross income. Donating appreciated stocks allows you to use their fair market value as an itemized deduction if you’ve held the stock for over a year.Let’s say you bought 50 shares of Mock Industries at $20 each, totaling $1,000. Those shares are worth $40 each, making your investment worth $2,000. If you sell the shares and donate the after-tax proceeds, you’d have to pay 20% capital gains taxes on the $1,000 profit, leaving you with $1,800 to donate. However, donating the stock directly means the church receives $2,000, which you can deduct from your taxes.Some ministries may not be set up to accept stock donations and might ask you to sell the stock first. This is less efficient due to the capital gains taxes involved.Using Third-Party OrganizationsOrganizations like the National Christian Foundation (NCF) can handle stock donations for you. By setting up a donor-advised fund or a Giving Fund, you can donate cash, stocks, or other assets, which NCF will liquidate and distribute to your chosen ministries. This method also offers flexibility in managing your taxes.One significant advantage of using a Giving Fund at NCF is the ability to "bundle" your deductions. For instance, if you typically tithe $12,000 annually, you're still below the standard deduction of $14,600 for single taxpayers or $29,200 for married taxpayers filing jointly. However, if you donate $36,000 worth of stock into your Giving Fund, you can take the full deduction in one year, which can exceed the standard deduction, then spread out your actual donations over the following years.Donating appreciated stocks is a powerful way to increase your giving while reaping significant tax benefits. By leveraging tools like donor-advised funds from organizations like the National Christian Foundation, you can maximize your impact on God’s Kingdom while minimizing your tax burden.On Today’s Program, Rob Answers Listener Questions:Is there a statute of limitations for a collection agency to collect credit card debt? What is the best way to move multiple 401(k)’s from past employers to one account? About $750,000 was invested with my investment manager across a few investments. I'm being charged 1% in fees, which I understand is standard, but another company mentioned most of my investments are in just 6 ETFs, so there is little active management involved, and I should be charged closer to 0.8%. Given the passive nature of the strategy, I would like a second opinion on if 1% seems too high. I also have about $50,000 left on my mortgage with a rate of 2.75%, and I can pay it off this year. I'm figuring out whether I should pay it off early.Resources Mentioned:National Christian Foundation (NCF)Consumer Financial Protection BureauRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

“A good man leaves an inheritance to his children's children, but the sinner's wealth is laid up for the righteous.” - Proverbs 13:22That verse seems pretty straightforward … but it leaves several questions unanswered. What should we leave to our kids…how much…, and when? Ron Blue joins us today with the answers.Ron Blue is the Co-Founder of Kingdom Advisors and the author of many books on biblical finance, including Splitting Heirs: Giving Your Money and Things to Your Children Without Ruining Their Lives.When To Leave Money to Your Kids and When Not ToMany people wonder if Proverbs 13:22 means they must leave money to their children and grandchildren. This verse should be seen as a principle rather than a command. In biblical times, wealth stayed within the family because no charitable organizations existed. Today, leaving a financial inheritance is a personal decision, not a mandate.If you believe God owns everything, the final decision you make as a steward is who receives His resources. If you think your heirs might misuse or squander the inheritance, it’s worth reconsidering. Money can be harmful without wisdom, whereas wisdom can create and sustain wealth.The fundamental principle is to impart wisdom before leaving money. If your children and grandchildren still need to gain the wisdom to manage resources responsibly, leaving them money can do more harm than good. Wisdom should always precede financial inheritance.When making decisions regarding wealth transfer, asking the right questions is crucial. A good question is, “If we leave this money to this child, what's the worst thing that can happen?" This question can help anticipate potential consequences and make informed decisions based on the likely outcomes.Treating Heirs Uniquely It's essential to understand that treating your children equally doesn't mean giving them the same financial inheritance. Each child is unique, and their needs and circumstances vary. Just as God treats us uniquely according to what’s best for us, parents should consider each child's needs and potential consequences when deciding on wealth transfer.The goal is to ensure that any financial inheritance supports and enhances the lives of your heirs rather than causing harm. By asking the right questions and understanding the unique needs of each child, you can make decisions that honor God's resources and benefit your family in the long term.Ron Blue’s book, "Splitting Heirs: Giving Your Money and Things to Your Children Without Ruining Their Lives," is a must-read for those navigating this complex topic, offering detailed guidance and thoughtful advice.On Today’s Program, Rob Answers Listener Questions:I need help managing my finances throughout my career, including multiple jobs and retirement accounts. Can you advise me on getting a financial advisor or someone to help me keep track of everything?I want to ask about cashing in several Savings Bonds I purchased in 1998. Since then, I have moved several times and cannot locate the bonds. Can I cash them in without having the physical bonds, or am I out of luck?Is it too late for me to buy a home? I am 58 years old and earn $98,000 per year. Home prices are costly right now, so I wanted advice on whether I should still pursue buying a home or if I am too old. I want to make a biblically sound decision.Is it biblical for my husband to have complete control over our finances and not allow me to use any money other than what he gives me for groceries each week? He reviews the grocery receipts to ensure I haven't purchased anything else. I shouldn't have to ask permission for every purchase since I am an adult, but he thinks this is the proper way to handle our finances.Resources Mentioned:Splitting Heirs: Giving Your Money and Things to Your Children Without Ruining Their Lives by Ron BlueTreasuryDirect.govRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Puritan poet Anne Bradstreet once wrote, “Wisdom without an inheritance is better than an inheritance without wisdom.”As Baby Boomers age, it’s estimated they’ll leave a tidal wave of wealth to their heirs, perhaps as much as $68 trillion by 2030. But is the next generation ready for that wealth?The Biblical Perspective on Inheritance Anne Bradstreet’s wisdom likely stemmed from Ecclesiastes 7:11-12, highlighting wisdom's value alongside an inheritance. This biblical perspective underscores the importance of preparing heirs with wealth and the wisdom to manage it.Current State of Wealth Transfer PreparednessResearch indicates that while Boomers are poised to make the greatest wealth transfer in history, they may need to prepare their heirs adequately. A study by Edward Jones revealed that while 48% of Americans plan to leave an inheritance, only 27% have discussed wealth transfer with their heirs, leaving many millennials and Gen Zers unprepared.The Impact of Longer Lifespans on Inheritance Longer lifespans mean Boomers might consume more of their assets due to rising healthcare costs, potentially reducing what’s available for inheritance. This reality necessitates early and ongoing conversations about wealth transfer to set realistic expectations.Four Approaches to Wealth Transfer The Edward Jones study identified four ways Boomers might transfer wealth:Traditional Giving—Assets like cash, stocks, and real estate are passed directly to children. Parents must discuss these plans with their children to ensure mutual understanding and preparation.Giving While Living—Boomers may help the younger generation by funding education, purchasing homes, or even paying for vacations. Early conversations about these financial supports can help manage expectations and alleviate concerns about future inheritance.Generational Skip—Some Boomers might transfer wealth directly to grandchildren, aiding in education or business ventures. Clear communication is vital to avoid resentment from the skipped generation and ensure a smooth wealth transfer.No Inheritance—Due to longer lifespans and increased expenses, some may find little or nothing left to inherit. Retirees are generally advised to draw down no more than 4% annually from retirement assets to preserve principal, but this might not always be feasible.The Solution: Communication and Wisdom Transfer Boomers must start discussing their plans with their adult children to ensure a smooth wealth transfer. Passing on financial wisdom is crucial, preparing heirs to be faithful stewards. Family conferences, possibly facilitated by a Certified Kingdom Advisor®, can be an effective way to start these conversations and ensure ongoing communication as circumstances change.Preparing the next generation to manage inherited wealth involves more than just transferring assets; it requires imparting the wisdom to steward those resources responsibly. By fostering open communication and providing financial education, Boomers can help their heirs honor God and manage their inheritance wisely. Teaching them that everything belongs to God and instilling values of stewardship, provision, and generosity is the greatest inheritance they can leave.On Today’s Program, Rob Answers Listener Questions:I have a question about setting up a will since I have never made one. What do I need to do to set it up?I recently became widowed and retired, with a total net worth of around $500,000, including the value of my home that I plan to sell. With an annual income of $31,000 from Social Security, I wanted advice on how much of my $500,000 I should reasonably invest in a new home, considering I also want to become a foster parent and live in the house myself.I am asking about applying for Social Security benefits since I was informed that my job was being phased out at age 64. However, I had already earned more than the allowed amount for the year. I wanted to know if I started receiving Social Security later in the year, after August, if I would still get a check or if there is some sort of "clawback" since I exceeded the earnings limit earlier in the year.I have a question about updating my will, which I created 20 years ago in North Carolina. Is it still valid, or do I need to change it since I now live in Florida?Resources Mentioned:The Great Wealth Transfer Starts with the Great Wealth Talk (Edward Jones Research Study)Rich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use

“Therefore do not be foolish, but understand what the Lord’s will is.” - Ephesians 5:17That verse is a good reminder that to follow God's will, we must first know it for all areas of our lives—including finances. Brian Holtz joins us today with a question: Does your budget reflect God’s priorities or yours?Brian Holtz is the Chief Operating Officer at Compass Financial Ministry and the author of Financial Discipleship for Families: Intentionally Raising Faithful Children.Ownership vs. Stewardship One of the fundamental concepts of Christian finances is the distinction between ownership and stewardship. Psalm 24:1 reminds us, “The earth is the Lord’s and all it contains.” In 1 Corinthians 1 and 2, we learn that we are stewards or managers of God's resources, and as such, we must be faithful to His goals and priorities rather than our own.God’s Priorities for Money Scripture reveals five critical priorities for managing our finances in a way that honors God:Generosity—There are over 300 verses about giving and generosity. We are encouraged to give our first and best, never the leftovers.Providing for Family—1 Timothy 5:8 emphasizes the importance of providing for our families, stating that neglecting this responsibility is akin to denying the faith.Meeting Financial Obligations—Romans 13 urges us to meet our financial obligations, including paying taxes and repaying debts, reflecting our commitment as representatives of Jesus.Saving for the Future—Responsible saving is crucial to being faithful to the first three priorities during times of hardship or insufficient income.Enjoying God’s Blessings—While enjoying God's blessings, we must ensure that this enjoyment does not take precedence over His greater priorities.Aligning Our Budget with God’s Priorities If our budget isn't aligned with God's priorities, we need to admit our mistakes to God and recommit to His goals. As a family, we should make financial trades to align our budget lines with God’s priorities.Generosity: What abundance could we cut back on to be more generous?Provision: Are we saving too much at the expense of our family's immediate needs?Debt Repayment: What could we stop doing to pay off debt faster?Enjoyment: Once priorities are in order, how can we honor God by enjoying His blessings?Aligning our finances with God's priorities honors Him and brings a more fulfilling and purposeful life.You can learn more about biblical money management by visiting the Learn section at CompassFinancialMinistry.org. You can find resources suited to your preferred learning methods, whether reading, watching, or listening.On Today’s Program, Rob Answers Listener Questions:I love the idea of the QCD, and I know they work with IRAs. Do they work with 403b accounts?I used to have investments but had some high veterinary bills, and I'm on disability. I'm trying to get an emergency fund, but every month, I have to use the money I put aside. I need some encouragement on how to get his emergency fund because that's the first step I have to do.Is a reverse mortgage a good idea? Would we lose ownership of our home if we did this?I'm looking forward to starting a business and would like to know if I should open it as an LLC or an S corporation.I have my will and everything specified in it, including how things are divided regarding my house, estate, etc. I also have investments, and those are all I have beneficiaries on. My financial advisor says that I don't need a trust, but my kids are pushing me to get a trust to avoid probate. Resources Mentioned:Compass Financial MinistryWise Women Managing Money: Expert Advice on Debt, Wealth, Budgeting, and More by Miriam Neff and Valerie Neff Hogan, J.D. Rich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Everyone knows what inflation means, right? You’d be surprised by how fuzzy some people think about inflation.Is inflation a rise in prices, or simply high prices? Or does it mean something else entirely? The results of a recent poll may surprise you, but we’ve got Mark Biller with us today to explain it.Mark Biller is Executive Editor and Senior Portfolio Manager at Sound Mind Investing, an underwriter of Faith & Finance. What is Inflation? A Common MisunderstandingA recent survey revealed a significant misunderstanding among the general public about what inflation actually means. While 86% of respondents expressed concern about inflation, their definitions varied widely. Some believed it meant a rise in prices, others thought it referred to high prices, and there was confusion about the time periods involved—fewer than half correctly defined inflation as a rise in the cost of goods and services.Economists vs. Everyday ExperienceThere needs to be more connection between how economists talk about inflation and how ordinary people experience it. Economists focus on the rate of change in prices, which peaked at 9% in June 2022 and has since declined to 3-3.5%. However, this doesn’t mean prices are decreasing; they are simply rising at a slower rate. On the other hand, people experience inflation cumulatively. Since prices started soaring after COVID-19, the cumulative cost of inflation is between 22% and 25%.The Reality of Persistent High PricesUnfortunately, once prices rise, they seldom go back down. The concept of "transitory" inflation was misleading because it suggested that prices might return to previous levels, which they haven't. The cumulative impact of inflation since 2020 means that everything we buy now costs significantly more, and this higher cost is here to stay.Future of Inflation and Its ImplicationsLooking ahead, the battle against inflation continues. The Federal Reserve aims for a 2% inflation target, but the current rate above 3% indicates that more efforts are needed. The longer high inflation persists, the more it influences people's expectations and behaviors, which can lead to demands for higher wages and further price increases.Investing in an Inflationary EnvironmentHigher inflation has several implications for investors. Interest rates have spiked, hurting bond returns but benefiting savers with higher cash and other safe holdings yields. Real assets like gold, commodities, and energy stocks have performed well during this period. Sound Mind Investing has emphasized these assets while slightly reducing bond investments to mitigate the effects of higher inflation and interest rates.While economists and financial experts view inflation through a specific lens, everyday experiences paint a different picture. Understanding these differences can help us make better financial decisions navigating this inflationary environment. On Today’s Program, Rob Answers Listener Questions:I’m seeking a good church management software program for our small church of less than 100 members. I want it to track our members' giving records and coordinate events.What do I do about the loan I took from my previous employer's 401k? I had borrowed around $9,000 to help buy a car for my daughter when she went to college. I am no longer with that employer, but they will allow me to repay the loan even though I've left. I'm currently paying $2,000 per month towards it. Should I continue repaying the loan or just stop paying it back? I also wanted to know if I should pay it off in one lump sum or continue monthly payments. Lastly, I also wanted to see if I should keep the 401k funds with my former employer or move them elsewhere.Would it be wise for my husband and I to co-sign on student loans for our son starting college this fall? Since he has no credit history, I wondered if that would factor into getting a better loan interest rate. Where would you recommend looking for loans that have the best interest rates?Resources Mentioned:Sound Mind InvestingChurch Center | PowerChurch | Tithe.ly | SecureGive | Shelby Systems | PushpayBankrate | Lending Tree | NerdWalletRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Well, it’s hard to believe, but soon, the kids will be heading back to school. Are you ready to start the new school year on the right foot? Could you use a few tips? Well, you’re in for a treat. Crystal Paine joins us today with some great advice to make your back-to-school experience easier.Crystal Paine is the founder of MoneySavingMom.com and the author of The Time-Saving Mom: How to Juggle a Lot, Enjoy Your Life, and Accomplish What Matters Most.Budgeting for Back-to-School EssentialsAs the new school year approaches, parents are reminded of the inevitable expenses, from clothes to school supplies and electronics. It’s crucial to start with the essentials. Determine what is necessary and set a budget. For families with older children, involve them in the process by giving them a budget for their back-to-school needs. This teaches financial responsibility and helps them prioritize their wants and needs.Also, it’s worth looking into whether your school offers package deals on back-to-school products. These can often be cost-effective and save time compared to buying items individually. For the best deals on school supplies, clothes, and even laptops, it is highly recommended that you follow MoneySavingMom.com and sign up for their hot deals email list.Making the Most of Tax-Free WeekendsTax-free weekends can be an excellent opportunity to save on back-to-school purchases. Check if your state offers tax-free weekends, what items are covered, and the specific dates. Planning allows you to maximize savings, especially on more significant purchases like electronics or even groceries if they are included.Shopping with Kids: A Learning OpportunityTaking kids shopping for back-to-school items can be a valuable learning experience. If your children are new to budget shopping, it might be better to leave them at home initially. However, parents should prioritize teaching their kids how to stick to a budget over the coming months. Give them opportunities to earn and spend money wisely, learning from the process.Establishing a School RoutineRe-establishing a good routine before school starts is crucial. Start a few weeks before school begins. Practice waking up at the required time and go through the morning routine. Involve the entire family in this process by discussing and planning it together. A successful morning routine often begins the night before. Preparing as much as possible the night before—laying out clothes, packing lunches, and planning breakfast—sets up the next day for success.Maintaining Spiritual Balance During Hectic TimesThe back-to-school season can be hectic, but maintaining spiritual balance is essential. Start your day with prayer, entrusting God with your worries and tasks. Pray for your kids, spouse, and the details of your day. Incorporate God’s Word into your daily routine—listen to the Bible on audio while getting ready, play worship music in the car, or read a devotional with your kids at breakfast. Demonstrating reliance on God and releasing stress to Him is a powerful example for children.Preparing for the school year doesn’t have to be overwhelming or financially draining. With careful planning, budgeting, and a focus on spiritual balance, parents can navigate this busy season with confidence and grace.On Today’s Program, Rob Answers Listener Questions:I have two kids who are in college right now. My grandfather set up a 529 for each of them some years ago, and he passed away in 2010. I had another daughter who was born in 2010. Can that money be applied to my younger daughter with the money left over in one of my two older kids' 529 plans after graduating college?I haven't done any IRAs in about 20 years. I was told I could catch up. Is that true?Do I need to be concerned about my CDs at the bank and what the bank is investing my money in?My husband and I have always tithed because we believe everything we have is God's. But we struggle with where we're at in church and some of their financial decisions. So, tithing has been problematic when we disagree with what they're investing money in. Are we wrong? Is the church wrong?Resources Mentioned:MoneySavingMom.comChristian Community Credit UnionRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Paying off debt is always a good thing…but paying it off before retirement is one of the best financial moves you’ll ever make.It’s a disturbing trend: more people than ever are retiring with debt. That reduces their lifestyle choices and increases the likelihood they’ll have to return to work at some point. Today, we’ll talk about carrying debt into retirement and how you can avoid it.Preparing for a Debt-Free Retirement: A Practical GuideAccording to the Federal Reserve's 2022 Survey of Consumer Finances, 65% of people aged 65 to 74 are in debt, up from 50% 35 years ago. This rising debt can severely impact your lifestyle in retirement and might even force you to return to work. Proverbs 22:7 warns, “The rich rule over the poor, and the borrower is the slave of the lender.”A recent report by T. Rowe Price revealed that 20% of previously retired individuals are back to work, either full or part-time, and another 7% are actively seeking employment. The primary reason? The need for more income. Inflation has increased costs by about 15% over the past three years, stretching many retirement budgets thin, especially those burdened with debt.Steps to Achieve a Debt-Free RetirementSet a Goal to Eliminate Debt Before Retirement—If you're 5, 10, or 15 years away from retirement, aim to have all your debts paid off by then. Eliminating a mortgage, car payment, or other debts can allow you to live on less and create a critical financial margin in retirement. Prepare for Economic Downturns—Debt restricts financial flexibility, especially during economic slowdowns and stock market declines. Since the economy moves in cycles, preparing for these downturns is essential.Practical Strategies to Pay Off DebtCut Expenses—Review your budget and eliminate unnecessary expenses. Often, we continue paying for things out of habit. A thorough budget overhaul can free up funds to pay down debt. Increase Your Income—Consider side work or other income-generating opportunities. Increasing your income, coupled with reducing expenses, can help you knock out debt faster. Downsize Your Home—If feasible, downsizing to a smaller house can be a significant financial move. Selling a larger home can provide enough equity to pay off the mortgage and purchase a smaller home with cash or a much smaller mortgage. This also reduces expenses like property taxes and maintenance costs. Accelerate Mortgage Payments—If downsizing isn’t an option, focus on speeding up your mortgage payments. Use any extra income or savings from reduced expenses to pay down the mortgage principal. Making just one extra payment a year can significantly reduce the loan term and interest paid over the life of the loan. Tackle Credit Card Debt—Inflation increases credit card interest rates. To manage credit card debt, make more than the minimum payments. Use the “snowball method” by paying off the smallest balance first, then moving on to the next. This method is highly effective. Avoid Using Home Equity to Pay Off Consumer Debt—Using home equity to pay off credit card debt converts unsecured debt to secured debt, risking your home if payments aren’t made. Additionally, it doesn’t address the spending habits that led to the debt. Seek Professional Help—If you have more than $4,000 in credit card debt, consider contacting Christian Credit Counselors. They can help you create a debt management plan to pay off your debt 80% faster than going it alone.The Benefits of a Debt-Free RetirementAt FaithFi, we’ve never heard from anyone who regretted paying off their consumer debt or mortgage. Planning to get out of debt before retirement dramatically improves your chances of staying retired. This provides financial peace and frees up more time and resources to give back to God’s Kingdom.While the current financial landscape may be challenging, taking proactive steps now can ensure a more secure and fulfilling retirement. Start today, and you'll thank yourself in the years to come.On Today’s Program, Rob Answers Listener Questions:I recently retired and had a bad experience with an advisor who lost over $100,000 of my money in just a few months. What steps should I take to find an advisor I can trust? What questions should I ask them to ensure they fit me well?Should I pay cash or finance a piece of property I want to buy for $330,000? It's four acres of land behind where I live, and my friend is selling it to me. I have a lot of money in treasuries and CDs, but I don't have any credit. What do you recommend? Should I pay cash for the land using my treasuries and CDs, or should I try to finance it even though I don't have good credit?I'm receiving VA disability benefits, which are not taxable, but will my Social Security retirement be taxable? Will the VA benefits count as income, affecting how much my Social Security retirement is taxed?Given her situation, I’m wondering how to protect my mother's assets, including her 401k and home. She is 67 years old and has been diagnosed with deme

Is it the best of times or the worst of times? Well, it all depends on if you’re trying to buy or sell a house.It really is a matter of perspective. Home values remain sky-high and are likely to continue rising in the foreseeable future. How you view that depends on which side of the transaction you’re on.Navigating the Current Housing Market: Tips for First-Time Home BuyersIt may be the worst of times if you're a first-time home buyer. Home values have never been higher, thanks to the continued high cost of building materials, inflation, and low inventory. Coupled with mortgage rates of around 7%, buying your first home is undeniably an uphill battle.Moving Up in the MarketIf you're moving up—selling a starter home and buying one that fits your current needs—the situation is slightly different. While your dream house is more expensive, so is the house you're selling, which helps offset high home values. However, higher interest rates have many prospective home sellers sitting on the sidelines, waiting for rates to drop. This results in fewer homes on the market, driving up prices even more.Downsizing: A Silver LiningFor those downsizing, it truly is the best of times. You can sell a larger, more expensive home, pay off any existing mortgage, and be mortgage-free in your new, smaller home. This transition can leave you with a sizable nest egg for future needs.Market Trends and PredictionsThe housing market has always been influenced by these factors, but they are currently exaggerated by inflation and rising prices. Recent data shows a 6.5% increase in home values over the past year. Analysts predict that while home prices will continue to rise, the growth rate will begin to slow.Steps to Take if You’re Buying a HomeCheck Your Credit Reports—First, obtain all three credit reports from Experian, TransUnion, and Equifax for free at AnnualCreditReport.com. Review them carefully and dispute any errors to boost your credit score, which will help you secure the lowest possible interest rate on your mortgage. Consult a Mortgage Loan Officer—Meet with a mortgage loan officer for guidance on the loan application and approval process. During the first visit, you don’t need to provide your personal financial information, but you should ask about programs for first-time home buyers. Assess Your Borrowing Capacity—Eventually, you’ll need to share your financial details with a loan officer to determine your debt-to-income ratio and how much you can borrow. Avoid borrowing the maximum amount the lender offers, as this can strain your budget. Aim to keep your mortgage payments within 25% of your take-home pay. Save for a Down Payment—Assemble the largest down payment you can. Putting down 20% helps you avoid private mortgage insurance, which costs around 1% of the loan amount annually. Reserve a few thousand dollars for unexpected expenses when you move in, avoiding reliance on credit cards. Get Pre-Approved—Shop around for the best interest rate and mortgage provider. Pre-approval strengthens your position as a buyer and helps streamline the home-buying process.A Mortgage with a PurposeConsider working with Movement Mortgage, a Christian mortgage company founded during the 2008 housing crisis. They offer competitive rates and a chance to contribute to a global movement of change. Movement Mortgage has donated $377 million to community projects and has locations in all 50 states. Learn more at Movement.com/Faith.Finding Your New HomeMake a list of essential features for your new home and connect with a knowledgeable real estate agent. Keep your list of “must-haves” short to stay flexible in this strong seller’s market.If possible, wait until winter to make an offer. Buyer competition typically decreases during colder months, giving you an edge.That's the current state of the housing market and a few tips to help you navigate it. We hope these insights and strategies assist you in your home-buying journey.On Today’s Program, Rob Answers Listener Questions:How do I determine my tithe amount when liquidating a portion of my long-term investment holdings, which include stocks and bonds? Sometimes, the investment shows a slight increase over the principal in a year, but other times, there is a loss. I would like to know how to calculate my tithe since I wouldn't be cashing out the whole investment.Should I move some of my precious metals into my IRA, which I want to diversify into, or should I keep them at home where I can physically possess them? I'm particularly interested in silver since gold is quite expensive.Is making a living off the interest from my IRA investments through a financial advisor considered evil according to passages in the Bible that prohibit putting out money at interest or getting interest from my investments?Would an irrevocable trust be taxable after death, or would it just go back to the will already in place? How do the taxes work with an irrevocable trust if the original owner dies?Resources Mention

“In the beginning, God created the heavens and the earth. The earth was without form and void, and darkness was over the face of the deep.” - Genesis 1:1-2I’m sure you’re more than familiar with those first lines of the Bible…but are you aware of the economic implications of the creation story? Jerry Bowyer fills us in today.Jerry Bowyer is the President of Bowyer Research and our Resident Economist here at Faith & Finance. He is the author of “The Maker Versus the Takers: What Jesus Really Said About Social Justice and Economics.” You can also read his insightful columns for World News Group. Understanding the BeginningIn the opening verses of Genesis, we learn that the earth was formless, void, and dark. This detail is crucial for two reasons: it sets the stage for the rest of Genesis 1 and highlights God's creative process. When we understand that the earth was initially disorganized, empty, and dark, we can appreciate God's work in bringing order and fullness.God’s Creative ProcessFor the first few days of creation, God deals with the earth's formlessness by separating elements: light from darkness, waters above from waters below, and dry land from the sea. This separation creates structure. Then, God begins to fill what He has organized. He populates the sky with the sun, moon, stars, the seas with fish, and the land with plants and animals. Ultimately, He fills the earth with humanity.The first thing God does is turn on the light, akin to how we start our workday by turning on the light in our office. God’s act of turning on the light symbolizes bringing clarity and purpose to the day ahead.The Significance of “It Was So”Genesis often states, "Let us do such and such, and it was so." This phrase can be confusing as it seems out of order. However, it signifies that God’s actions were deliberate and agreed upon, possibly within the Trinity or with the angels. This consensus highlights the collaborative nature of God's work, which we can emulate in our own lives by seeking agreement and unity in our endeavors.Evaluating Our WorkGenesis 1:18 says, “God saw that it was good.” This implies that after creating, God stopped to evaluate His work. Similarly, we should regularly review and assess our efforts to ensure they meet our standards and God's approval. This practice underscores the inherent goodness of the material world and our role in stewarding it responsibly.Humanity's Unique RoleAfter creating humanity, God saw that it was "very good." Humans are unique because we are made in God’s image, capable of forming, filling, and evaluating our work. This divine likeness sets us apart from the rest of creation, emphasizing our unique role in God's plan.Our Relationship with CreationHumanity’s relationship with the garden and the earth is distinct. The garden was a cultivated space where Adam and Eve learned from God. However, the rest of the earth was wild and needed to be subdued and developed. This mandate to cultivate and improve the earth remains fundamental to our purpose.Any economic philosophy that discourages development contradicts this biblical mandate. While we must avoid pollution and destruction, we are called to transform and utilize the earth's resources to promote human flourishing.Applying Creation Principles to EconomicsIn our daily work, turning raw materials into useful products—like sand into microprocessors or seeds into crops—is not optional but a divine command. This creative mandate is essential for economic growth and human flourishing. Neglecting it leads to stagnation and conflict.Understanding the creation story from an economist's perspective reveals God's intention for humanity to bring order, fill the earth, and evaluate our work. Our work, done unto the Lord, is part of His grand plan and promotes true human flourishing.On Today’s Program, Rob Answers Listener Questions:I recently borrowed money on my life insurance. Should I declare that on my income taxes next year?In Florida, many of us have 55-deed-restricted homes. Many fees are involved, and quite a few have gone up. There is the recreation and fitness membership, which is deeded to the house. Can we get out of something like this?My question is about my work annuity. What's the best way for me to use it when I retire so that I don't lose money and it can continue to grow? A friend lost 18% by taking a lump sum; I wonder if that was taxes or penalties.Resources Mentioned:Rich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for informa

You have to be at least 62 to collect Social Security…maybe because it takes that long to understand the program.Do you have questions about Social Security? Of course you do. Who doesn’t? Well, you don’t want to miss today’s program. Eddie Holland is back to answer more of your questions about Social Security.Eddie Holland is a Senior Private Wealth Advisor and partner of Blue Trust in Greenville, South Carolina. He’s also a CPA, a Certified Financial Planner (CFP®), and a Certified Kingdom Advisor (CKA®).Can You Claim Benefits Early and Switch Later? You can claim Social Security benefits at 62 and switch to spousal benefits later if the spousal benefit is higher than your own. However, if your benefit is higher, you must take that instead. Conversely, you must wait to claim spousal benefits first and then switch to your benefit at full retirement age; you must take the higher of the two benefits available.Survivor Benefits Exception Survivor benefits are an exception where you can take one benefit and let the other grow. For instance, a widow can claim a survivor benefit as early as 60 and then switch to her benefit at 70, which would have grown due to delayed retirement credits.Taxation of Social Security Benefits Social Security benefits can be taxed based on your combined income, including half of your Social Security benefits, adjusted gross income, and any tax-exempt interest. Federal taxes apply progressively, with higher income leading to more taxable benefits.Roth Conversions and Social Security Be cautious with Roth conversions, as they can increase your combined income and make more of your Social Security benefits taxable. This strategy might push you into a higher marginal tax bracket.Stopping Benefits If you decide to stop your Social Security benefits, you can do so within the first 12 months of receiving them if you're under full retirement age. Beyond that, you can pause benefits after reaching full retirement age to earn delayed retirement credits.Scams and Social Security There is an increasing problem of Social Security scams. Legitimate Social Security issues will be communicated via mail, not phone calls, emails, or social media messages. If in doubt, always verify by setting up an appointment with your local Social Security office.If you have questions about your benefits, consider consulting a Certified Kingdom Advisor (CKA®) who can provide tailored advice for your unique situation. On Today’s Program, Rob Answers Listener Questions:I already have an LLC as a sole proprietor but want to set up another one. When I research online, I see that there are so many different options, such as having a holding company or adding a trust above the holding company. Which structure would be best for my situation? What do you recommend regarding how I should go about setting up another LLC?I recently sold a vehicle and bought another one, and I had some savings, totaling about $25,000, available after my emergency fund was covered. I also took money out of my Thrift Savings Plan (retirement account) two years ago to purchase a home, and the balance on that loan is around $25,000 at a very low interest rate. Given this situation, what would your advice be for where I should put this extra $25,000 - pay down the TSP loan, pay down the auto loan, or invest in the open market?Resources Mentioned:Rich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

If you’re tired of living paycheck-to-paycheck…you can make a decision today that will change your life.All you have to do is practice God’s financial principles and then wait to see what happens. You’ll be amazed at the results.Admitting the ProblemLike most things, the first step in making financial changes is admitting that you have a problem and then identifying what you’re doing wrong. So, what’s not right with the way you’re handling money?Maybe you worry about bouncing a check, or you fear the phone ringing because it might be a bill collector, or you’re dealing with the gas or electricity being turned off for non-payment. Maybe you argue with your spouse about money. Or you’ve stopped giving to your church because you’re afraid you won’t have enough.Those are all signs that something needs to change. And you shouldn’t fear that change. It might be a little scary initially…but it’s nowhere near as scary as living paycheck to paycheck. Following God’s principles will give you welcome relief from worrying about money.Embracing Change Through FaithIsaiah 43:18-19 tells us, “Remember not the former things, nor consider the things of old. Behold, I am doing a new thing; now it springs forth, do you not perceive it? I will make a way in the wilderness and rivers in the desert.”So, how do you begin to bring about this change? First, dispelling the notion that God’s Word doesn’t contain everything you need to transform how you handle money.Hebrews 4:12 reads, “For the word of God is living and active, sharper than any two-edged sword, piercing to the division of soul and of spirit, of joints and of marrow, and discerning the thoughts and intentions of the heart.”Understanding and believing in biblical truth is essential. The first principle you need to grasp is that God owns everything.Recognizing God's OwnershipPsalm 24:1 says, “The earth is the Lord’s, and all it contains, the world, and those who live in it.” When you fully embrace that principle…everything else can fall into place.You won’t be consumed with thoughts about how you’re handling your money…because it’s not yours. Instead, you’ll begin to think about managing God’s money…because you’re simply His steward…or manager…of the resources He’s temporarily entrusted to you.And as His steward…God will never abandon you to fend for yourself. He’s always with you, and He’s promised to provide. Luke 12:24 reads, “Consider the ravens: they neither sow nor reap…they have neither storehouse nor barn…yet God feeds them. Of how much more value are you than the birds!”Applying Biblical PrinciplesOnce you believe that God will provide…Scripture becomes your guide for changing the way you think and act about money. Instead of running away from God’s financial principles, you’ll run to them. The Bible says a lot about spending, saving, investing, and getting out of debt, along with contentment and generosity—everything you need to know for wise money management.Take just one principle to start. Pray earnestly about it. Ask God for strength, discipline, and the desire to carry it out. Maybe that’s setting aside a few dollars from your paycheck, paying more than the minimum on your credit card, or setting aside a little more to give to your church. Pick one and stick with it. Then, when it’s part of your life…you can go on to the next…and the next.Practical Tools for ChangeThis is putting the principle into practice. You do that with tools and structure…a budget, a will, a long-term financial plan, and so on.If you’re not living on a budget…you need to develop a spending plan now. Proverbs 27:23 teaches, “Know well the condition of your flocks, and give attention to your herds.” These days, our “herds and flocks” are our bank accounts and other financial assets.There’s no better tool for developing a spending plan than the FaithFi app. With three money management options, you can easily find one that fits your unique needs and preferences.Seeking AccountabilityNow, many people find it difficult to change by themselves. As our friend Howard Dayton says, they need someone to encourage them and hold them accountable “to hold their fuzzy feet to the fire.”You may need someone to keep you on track. It could be a spouse, another family member, or a friend—but someone to hold you accountable for staying on budget.So, those are the tools you need to start putting God’s financial principles into practice. When you do, you’ll see significant changes in your life—not right away, but be patient—it’ll happen.On Today’s Program, Rob Answers Listener Questions:Would building a new home be a good use of my money at 74, or would that be greedy? I have enjoyed the home-building process before and still feel energetic. I also have a trusted contractor who has already made plans for the new home.I have a question about options for an unwanted timeshare I purchased years ago. I'm tired of paying the high annual maintenance fees, but I need help finding a helpful property. Could I donat

Beauty matters to painters, musicians, and photographers, but what does it have to do with investing? The creation account suggests that beauty is also at the core of faithful stewardship and investing. Today, we’ll discuss “Investing in Beautiful” with Jason Myhre of the Eventide Center for Faith & Investing.Jason Myhre is the Executive Director of the Eventide Center for Faith & Investing, an educational initiative of Eventide Asset Management, and an underwriter of Faith & Finance. The Experience of BeautyWe all encounter beauty in various forms—an orchestral performance, a mountain hike, a beach stroll, or even a bouquet of flowers at home. However, we seldom consider the role of beauty in our work or finances. Beauty is integral to creation and essential in our stewardship of God’s world.In Genesis, God is depicted as a worker, creating the heavens and the earth and declaring His creation "very good." The Hebrew word for "good" encompasses moral perfection, functional excellence, and surpassing beauty—a concept better captured by the compound word "beauty-good." God, as a master artisan, crafted a world full of potential and delight.Humanity is called to contribute to the beauty and goodness of creation through work. Genesis 2:15 says, “Then the Lord God took the man and put him in the Garden of Eden to cultivate it and tend it.” This passage indicates that humans are to make God's creation even better. God’s creation is full of hidden potential, like seeds, waiting for us to uncover and develop it through our work.Uncovering Creation’s PotentialConsider simple examples like bread and wine. God created grain with the potential to become bread and grapes with the potential to become wine. These transformations reveal the hidden potential within creation, brought to fruition through human work.A more sophisticated example relevant today is semiconductors, which are essential for our smart devices and computers. The fundamental material for semiconductors is sand. Kristen Say from Eventide Asset Management aptly describes it: “With semiconductors, we’re taking sand and teaching it to think.” This potential was embedded in creation from the beginning, waiting for us to uncover and develop it.Theologian Craig Bartholomew also offers a powerful analogy: Imagine being a sculptor and receiving a call from Michelangelo, who asks you to complete a sculpture he started. This mirrors our role in God’s creation: to finish and enhance the work God began, thereby revealing all its hidden beauty and goodness and glorifying God as the ultimate Creator.Applying This Vision to Business and InvestingAs Christians with a biblical worldview, we must view business and investing through the lens of this divine vision. The Genesis instructions for developing the beauty and goodness of creation still apply to us today. Businesses are called to create products and services that are genuinely good, and that truly serve humanity. Investors play a crucial role by supplying the capital that enables and expands the good work of businesses.When contemplating investments, we should ask whether the companies we invest in create goods and services that enhance the world or harm God's creation. Embracing this perspective helps align our investments with our faith, ensuring they contribute positively to God's world.Faith-Based InvestingThe good news is that the faith-based investing movement is growing. Numerous Christian faith-based investments now help us avoid companies whose products contradict biblical values while supporting those that meet human needs and enhance the world.Understanding and developing the hidden potential in God's creation is a profound aspect of our work and investments. By aligning our investments with Christian values, we honor God and contribute to the ongoing revelation of His creation’s beauty and goodness.To learn more about faith-based investment resources and to find a list of faith-based investment options, visit faithandinvesting.com/faithfi.On Today’s Program, Rob Answers Listener Questions:A close family member is dealing with excessive medical debt that totals around $200,000. They had long-term medical issues and were unable to work for a period of time. Some of these bills have now gone to collections agencies. I'm figuring out how to handle this debt and where to go. We've been helping them occasionally, but their living expenses are tight.Resources Mentioned:Eventide Center for Faith & InvestingRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an Ads

It’s the 4th of July—the day we celebrate our nation’s independence. It’s also a great day to take stock of your financial independence.Are you on the road to financial freedom? Or are you falling under the bondage of money? It’s one or the other. Either you control your money…or your money controls you. The Gift of Financial FreedomIndependence gave our nation freedom, and financial independence provides us with the freedom to make choices. When we control our money, we can decide where and how we live, where we work, and how much we work. However, financial freedom doesn't mean independence from God. Everything we have comes from Him, including our ability to earn money. James 1:17 reminds us, "Every good gift and every perfect gift is from above, coming down from the Father of lights, with whom there is no variation or shadow due to change."God's Desire for Our Financial FreedomTo achieve financial freedom, we must remember that God desires it for us so that we can be more generous and serve Him more fully. Unfortunately, many people say they’d love to give more to God’s kingdom but can't afford to. The more control we have over our household finances, the more generous we can be, and that’s why financial freedom is crucial.The Burden of DebtA significant obstacle to financial freedom is debt. Proverbs 22:7 warns us, “The rich rule over the poor, and the borrower is the slave of the lender.” When we’re in debt, we work for someone else, not ourselves or God. The more we pay to service debt each month, the less freedom we have to use that money in other ways, including serving God.Debt is just one form of financial bondage. Another, often harder to recognize, is the mindset that material things will make us happy. When we strive to acquire more, we may find that our possessions end up owning us. Money is a tool to be used wisely, and having a lot of it can enslave us as effectively as debt if we’re not careful. The Bible warns about our attitude toward wealth. 1 Timothy 6:10 says, “For the love of money is a root of all kinds of evils. It is through this craving that some have wandered away from the faith and pierced themselves with many pangs.”Signs of Financial BondageHere are some signs of financial bondage: You think about money constantly and have no peace with God. Your focus is on daily concerns rather than eternal ones. You struggle to give generously, even when you have the means. This reluctance indicates a lack of financial freedom. Additionally, a lack of contentment is a red flag. You'll never have enough if you always want more and are never satisfied with God’s provision.Ecclesiastes 5:10 says, “He who loves money will not be satisfied with money, nor he who loves wealth with his income; this also is vanity.”The Path to Financial FreedomSo, how do we get back on the road to financial freedom? If you’re in debt, stop borrowing, get on a budget, and start paying down your debt. The FaithFi app can help you set up your budget quickly and easily. If you have plenty of money but no peace, try giving more. Giving breaks the power that money has to enslave us.By following God’s principles for managing money—avoiding debt, saving diligently, and giving generously—you can experience true financial freedom. This freedom enhances your life and empowers you to serve God more fully and generously.On Today’s Program, Rob Answers Listener Questions:How should I invest for retirement as a 26-year-old single man? As suggested by my financial advisor, I had been considering an IUL (indexed universal life insurance plan). Still, I was uncertain if that was the best option given my long time horizon and ability to take risks at my age.Should I use $6,000 from my Roth account to pay down some of my $24,000 in credit card debt, reducing it to $18,000? I contacted a debt management company, which said they could lower my interest rate to 12%, but I would have to pay $540 per month, which I can't afford. The debt management company said that if I took $6,000 from my Roth to pay the debt, my monthly payment would be around $415, which I think I can afford.I’m about to meet with my financial advisor, who I am not happy with at the moment. I’m 71 and have $265,000 left in my Wells Fargo account. How should I allocate my investments moving forward, and how should I communicate with him when I meet to discuss my portfolio?Resources Mentioned:The Sound Mind Investing Handbook: A Step-by-Step Guide to Managing Your Money From a Biblical Perspective by Austin Pryor with Mark BillerMovement MortgageRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more

2 Corinthians 9:6 says, “Whoever sows sparingly will also reap sparingly, and whoever sows bountifully will also reap bountifully.”God’s Word repeatedly challenges us to be generous givers to our families and His Kingdom. When should we do this giving? Are we waiting too long? Ron Blue joins us today with an idea you may not have thought about.Ron Blue is the Co-Founder of Kingdom Advisors and the author of many books on biblical finance, most notably “Master Your Money: A Step-by-Step Plan for Experiencing Financial Contentment.”The Joy of GivingThere is immense joy in seeing the impact of your generosity firsthand. Whether you give $20 to someone working in an airport bathroom or support a charity, the act of giving not only helps others but also enriches your own life.Preparing for Wealth TransferOne practical aspect of this principle is involving your children in your financial generosity. By allowing them to see and participate in how you handle and distribute your wealth, you prepare them for the future. This hands-on experience can be vital to your wealth transfer or estate plan, ensuring that your values and approach to money are passed down.Defining Your Financial Finish LineTo give maximally, you should define your financial finish line. This means determining what you must live on for the rest of your life and setting a limit. Once you reach this limit, you are free to give away the excess. This clear boundary simplifies financial decisions and opens up opportunities for greater generosity.True joy and fulfillment come from using our resources to make a difference while we can see the results. By defining our financial finish line and involving our families, we can ensure that our generosity leaves a lasting legacy.On Today’s Program, Rob Answers Listener Questions:Do you have any recommendations on pamphlets or printouts about giving to the church or tithing?Should I set up a revocable trust for my farm and assets to ensure an uninterrupted transfer of the farming business to my farming heirs when I pass away? I'm concerned about avoiding probate costs and ensuring the assets are distributed according to my wishes.I was looking at purchasing some land and paying cash for it. But I am looking at putting it into a revocable trust. That way, when I pass, it can go right to my children and grandchildren and not go through a probate court or have all the taxes and fees and everything that, you know, happens when somebody dies. I also asked if putting it in a revocable trust would keep all of the inheritance tax and everything away or if there would still be some of that tax.I have an extra $400 a month that I don’t know what to do with. Should I put it in my IRA, which has $2000, or my husband's IRA, which has $80,000, or put the extra $400 a month towards our mortgage payment?Resources Mentioned:Master Your Money: A Step-by-Step Plan for Experiencing Financial Contentment by Ron BlueSplitting Heirs: Giving Your Money and Things to Your Children Without Ruining Their Lives by Ron Blue with Jeremy WhiteMoney, Possessions, and Eternity: A Comprehensive Guide to What the Bible Says about Financial Stewardship, Generosity, Materialism, Retirement, Financial Planning, Gambling, Debt, and More by Randy AlcornRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Did you know that anxiety disorders are the most common mental illnesses in the U.S. today? You might assume that we have a major anxiety problem just by the number of commercials you see for new medicines to treat these disorders, but is anxiety really a new thing?The Reality Of AnxietyModern medicine recognizes anxiety in many forms: generalized anxiety disorder, panic disorder, social anxiety, and various phobias. Data shows nearly a third of all U.S. adults will experience some form of anxiety in their lifetime. The cost of treating anxiety disorders in the U.S. runs into the tens of billions of dollars, with an even higher economic impact due to lost productivity.What causes this widespread anxiety? According to the Mayo Clinic, the causes aren’t fully understood but likely include physical and mental health issues, as well as negative life events such as job loss or financial troubles.If you’re struggling with persistent anxiety, it’s crucial to see a doctor. Medication and counseling can be transformative.Jesus’ Teachings On AnxietyDespite appearing like a modern affliction exacerbated by hectic schedules, technology overload, and perhaps even diet, anxiety is not new. We know this because Jesus addresses it in the Bible, particularly Matthew 6 and Luke 12.Matthew 6:25-26 says: “Therefore I tell you, do not be anxious about your life, what you will eat or what you will drink, nor about your body, what you will put on. Is not life more than food, and the body more than clothing? Look at the birds of the air: they neither sow nor reap nor gather into barns, and yet your heavenly Father feeds them. Are you not of more value than they?”Imagine the disciples traveling around Galilee and Judea, relying on donations for their needs. It’s easy to see why they might have felt anxious about where they’d sleep or their next meal. Jesus encourages them to have faith. In Matthew 6:31-33, He says:“Therefore do not be anxious, saying, ‘What shall we eat?’ or ‘What shall we drink?’ or ‘What shall we wear?’ For the Gentiles seek after all these things, and your heavenly Father knows that you need them all. But seek first the kingdom of God and his righteousness, and all these things will be added to you.”Resisting The Love Of MoneyJohn Rinehart, founder of Gospel Patrons, explains that Jesus aims to free us from fear and anxiety to be distinct from the world. The world often idolizes money and seeks comfort and security through wealth. While financial planning is important, it shouldn’t be for the sake of leisure alone. Rinehart notes that the world is preoccupied with wealth, which can be perilous for Christians.Jesus warns of this temptation, emphasizing the need to resist the love of money by recognizing our value to God. He made us with a purpose. Jesus instructs us to seek God’s Kingdom and righteousness first, promising our needs will be met.We must actively participate in our provision and trust God to fulfill His promise. When we understand our worth to God, we’ll pursue His Kingdom and boldly share the Gospel, glorifying Him in the process.The Choice We All Have To MakeUltimately, we all face a choice: will we follow the world or seek the Kingdom of God and His righteousness? We can’t do both. As Jesus states in Matthew 6:24:“No one can serve two masters, for either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve God and money.”Choose God over money and watch the cares of the world fade away.On Today’s Program, Rob Answers Listener Questions:I have two debts here that I'd like to see which one to tackle first. One is obviously just my own mortgage, which I have about 5% interest. And the other one is a small business loan I obtained a couple of years ago at a lower interest rate of 3.5%. I don't know if it makes sense to put all my extra income and money now that I have come to every extra income towards an SBA loan or if you should go ahead and try to pay the home off.I have a couple of CD IRAs above from my wife and me. One was a four-year and a two-year one a while ago, but they both matured around the same time. When I went to roll over the CD IRAs, they were like $20,000, and they said you can only put in $7,000 per person now. I'm wondering what I should do because otherwise, I must pay taxes.I recently received mail promoting a service called ID Resolve. Is it worth it to get these ID protection plans? We have a term life insurance policy that is ending. We can cash it out or roll it into a whole life policy, but we have other adequate life insurance. I'm just wondering if there's a way to put that money in a savings account for our child's college expenses in about a year and a half that would not be painful for taxes.Resources Mentioned:1PasswordLastPassRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in

In the First Century B.C., Roman historian Sallust said, “Prosperity tries the souls, even of the wise.”Most people would choose financial prosperity despite its temptations. But what if you’re living with financial adversity? Today, we’ll talk about how to be wise in good times and bad.The Temptations of Financial Success and AdversityWhen things are going well financially, it’s tempting to take credit for your success, leading to sins like pride and greed. On the other hand, adversity brings its own set of temptations, such as self-pity, bitterness, and envy. Neither set of attitudes is godly.Christians are called to live with integrity, no matter our circumstances. But how do we consistently do that? According to the Bible, wisdom is the key to godly living in both good times and bad.Proverbs 1:7 says, “The fear of the Lord is the beginning of knowledge, but fools despise wisdom and discipline.” Fearing the Lord means respecting and honoring His authority and obeying His commands. Understanding the consequences of breaking God’s rules is the first step toward living wisely.Good parents know that children need boundaries for safety and healthy development. God has also set boundaries for His children that protect us spiritually and physically. When God says “no” to something, like stealing or dishonesty, those things hurt us by breaking relationships with others and the Lord.Because God loves us, He sets these boundaries for our lives. When we obey, we are safe and at peace. So, fearing the Lord isn’t about being afraid; it’s about learning to love and obey our Heavenly Father even more.The Benefits of WisdomWisdom begins with a healthy respect for God’s authority. Whether struggling financially or experiencing prosperity, you can still live wisely by listening to God's words. Here are a few benefits of wisdom:Discernment: Proverbs 2:9 says the wise “…will understand what is right and just and fair.”Guidance: Proverbs 3:6 reminds us, “In all your ways acknowledge Him…and He will make your paths straight.”Blessing: Proverbs 3:13 says, “Blessed is the man who finds wisdom.”Good Reputation: Proverbs 3:35 says, “The wise inherit honor.”Protection: Proverbs 16:6 says, “Through the fear of the Lord, a man avoids evil.”These benefits are available to you, no matter your financial state. Conversely, the Bible refers to those who do not honor God and live by His rules as “fools.” Psalm 14:1 says, “The fool says in his heart, ‘There is no God.’ They are corrupt, they do abominable deeds; there is none who does good.” Fools suffer shame, disaster, distress, and troubles—outcomes we should strive to avoid in our finances and lives.Following a Path of Wisdom in Financial DecisionsSo, how can you follow a path of wisdom in your day-to-day financial decisions? Understand how God views money and possessions. The Bible tells us that God owns everything, and we are to be wise caretakers of whatever we have. He’s not really concerned about your bank balance; what matters is where your heart is. Ask the Lord to change your heart so you can follow Him in this area.Being financially wise means living according to biblical principles. Practice integrity in all your dealings and consider others more important than yourself.Contentment is key to financial wisdom. When you invite God into your finances, trusting Him to lead you and provide what you need, you’ll begin to understand 1 Timothy 6:6, “Godliness with contentment is great gain.”What do your actions and attitudes about money reveal about you? Are you wise or foolish? If you’re committed to Jesus and following the Lord with all your heart, it will show in your financial choices. Whether God has provided you with adversity or prosperity, you can be confident in His love and provision. Stay focused on what’s really important—following Jesus.On Today’s Program, Rob Answers Listener Questions:I own a home, and it's just my name. I do have a will, but I’m concerned about these advertisements on TV about people being scammed out of their houses. I wondered if I should put my house in an LLC or a trust.I wanted to cash in some US Treasury Savings Bonds I bought in the 80s and 90s to take advantage of higher interest rates today. I wondered if there would be any problems with cashing them in to put the money into a one-year CD since it's paying 5% interest now.I wanted to understand why, when you get your first mortgage statement, they haven't taken the interest rate you were quoted—like 7%—but a much larger portion of your interest payment, like 60% rather than 7%. How do amortized loans work? Is the interest on the loan “front-loaded” in the early years of the loan?Resources Mentioned:Rich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Networ

Since the beginning of time, God’s design for humanity has always been to be a giant family spread throughout the earth. So what happened?Because of the power of sin in our world, families are broken, children become orphans, and many feel alone and isolated, as if they don’t belong. Dr. Albert Reyes with Buckner International joins us today to share a hopeful message about God’s design for his family.Dr. Albert Reyes is the author of Never Alone: The Power of Family to Inspire Hope and Hope Now: Peace, Healing, and Justice When the Kingdom Comes Near. He serves as the President and CEO of Buckner International, an underwriter of Faith & Finance. The Importance of FamiliesSadly, there is a growing effort to undermine the family structure. Strong families are critical to communities, cities, and any organization of humanity. Through Buckner International, they see the impact daily of providing strong families for children who need them and supporting existing families to thrive.Lessons from Biblical FamiliesExamining the families we see in the Bible reveals valuable lessons from their experiences—positive actions to emulate and mistakes to avoid. Despite their flaws, these families needed redemption, much like ours today. This underscores the importance of a redeemer in strengthening our family units.Buckner International’s MissionBuckner International is grounded in the biblical directive from James 1:27, which emphasizes caring for orphans and widows. Their ministry focuses on two main areas: senior living and services for children and families. The Children and Families division provides foster care and adoption, support for single-parent families, and Family Hope Centers to aid struggling families. Additionally, they’ve distributed over 5 million pairs of shoes to children in more than 85 countries since 1994.Shoes for Orphan SoulsOne of Buckner’s notable projects is "Shoes for Orphan Souls." This initiative collects new shoes for children, which volunteers sort, prepare, and ship. These shoes are crucial in allowing children to run, play, attend school, and stay healthy. Volunteers also include personal notes of encouragement, sharing the love of Christ with each child who receives a pair.Get InvolvedFor just $15, you can provide a pair of shoes to a child in need anywhere in the world. To contribute, visit GiveShoesToday.org.On Today’s Program, Rob Answers Listener Questions:I've got four credit cards and about $6,500 in debt, and I want to get rid of that debt. Should I go through the Trinity finance program, consolidate that, save some of those penalties and things, and get that paid off? Or is it better for my credit to go ahead and do the best I can to make the payments? Is that the best for my future?I have a second home, and my parents live in it. I've been thinking about selling it, but my parents are hesitant because they want to stay there until they pass. They're up there in age, but I just want to get rid of the house. I don't want to put my parents in a nursing home or anything, so what can I do? What are my options?I'm only 63, but I applied for disability. I'm about to have my fourth back surgery. So they asked me if I wanted to go ahead and receive social security while I was waiting for disability to be approved. So, I am receiving that $1,700 a month. Now, there is a cap on how much income, and I'm trying to continue to work to supplement that. But I have a cap of $1,400. That's still not enough to live on, so I live in my car now. But once I receive my disability, and that's approved, will there still be a cap on how much additional supplemental income I can earn?Resources Mentioned:Never Alone: The Power of Family to Inspire Hope by Dr. Albert ReyesBuckner Shoes for Orphan Souls (GiveShoesToday.com)Give To FaithFiRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What’s harder to get rid of than termites and hurts more than a toothache?A certain group of people will tell you it’s a timeshare. It seemed like a good idea at the time…but now it’s just another budget buster. Today, we’re diving deeper into this topic. Unfortunately, none of the options are particularly great, but let’s explore them.Why Are Timeshares Hard to Sell?First, it’s important to understand why timeshares are so difficult to sell. Ideally, you’d sell your timeshare and recoup your investment. However, this rarely happens. If anyone has managed it, please let us know how!The main issue is that timeshares often lack a clear need for potential buyers. You can book a week at a similar resort without the upfront cost and ongoing fees. Additionally, timeshares suffer from a poor public image due to aggressive sales tactics, making them less appealing to buyers.Getting InformedBefore attempting to sell, gather as much information as possible. A great resource is the Timeshare Users Group (TUG) at Tug2.com. For a $15 annual membership, you can access a community of timeshare owners sharing advice and experiences.Selling Your TimeshareIf you decide to sell your timeshare yourself, be realistic about its value. It’s likely worth much less than what you paid. Advertising options include TUG’s marketplace, eBay, Craigslist, Facebook, and local classifieds.Once you find a buyer, drafting a contract is essential. It is wise to hire an attorney to ensure the contract is legally sound.Other OptionsIf selling doesn’t work, consider these alternatives:Timeshare Deed Back: You can ask the resort to take back the timeshare. This is called a deed back and is often the cheapest way out. However, you might need to have paid off the full timeshare cost.Timeshare Exit Company: Be cautious with these companies. Look for one with a solid track record and referrals, as there are many scams. Costs typically start around $5,000 and can go much higher.Hiring an Attorney: An attorney experienced in timeshare contracts might help, especially if the company has breached the contract. Legal fees can also be high, often comparable to timeshare exit companies.Costs and ConsiderationsSelling your timeshare might involve several hundred dollars in advertising fees. You’ll also lose the difference between your purchase and sale prices. Using a timeshare exit company or attorney can cost between $5,000 and $10,000 or more.What to AvoidExtravagant Claims: Avoid companies that make unrealistic promises about getting you out of your timeshare for a low cost.Upfront Payments: Don’t pay upfront fees to timeshare exit companies.Illegal Actions: Never engage in anything illegal or dishonorable.Don’t Stop PaymentsStopping payments on your timeshare is tempting but dangerous. It can lead to relentless harassment from the timeshare company or collection agencies, damage your credit score, and potentially result in foreclosure. Remember, you signed a contract, and as believers, we are called to honor our commitments. Psalm 3:27 says, “Do not withhold good from those to whom it is due, when it is in your power to do it.”Prevention is KeyUltimately, the best advice is to avoid buying a timeshare in the first place. As the saying goes, “An ounce of prevention is worth a pound of cure.”We hope this information helps you navigate the challenging process of getting out of a timeshare. On Today’s Program, Rob Answers Listener Questions:Should I use my extra $500 income each month to pay off my car loan quicker to save on interest, or should I invest that money in renting a parking lot so I can provide dog training services again?I wanted to ask about a new feature in the Roth IRA that my school system offers, where I can choose to protect my investments at certain percentages from drops in the market. I would like to know if choosing the option where I would be protected unless it dropped below 40% or rose above 60% is a good idea or if the other option of protection below 115% and above 40-60% is better. Is this type of downside protection even a good idea?I’m looking for ideas on how to fund a supplemental retirement for my wife using some inheritance money I recently received. As a retired federal employee, I only chose a minimal survivor benefit for her, which will not provide her with enough income when I pass away. I wanted suggestions on investing the $75,000 inheritance to generate retirement income for her after I am gone.Resources Mentioned:Timeshare Users Group (TUG)Give To FaithFiRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of Go

The Bible contains many accounts of God providing miraculously for His people, but none are more fascinating than the story of the Widow’s Oil.That passage is found in 2 Kings 4:1-7—it’s just seven verses, but they’re loaded with teaching about God’s provision. Sharon Epps joins us today to unpack the story of the Widow’s Oil and how we can apply it to our lives today.Sharon Epps is the president of Kingdom Advisors, FaithFi’s parent organization. Kingdom Advisors serves the broad Christian financial industry by educating and equipping professionals to integrate biblical wisdom and financial expertise.Elisha and the Widow’s OilLet's start by reading the whole story from 2 Kings 4:1-7:Now the wife of one of the sons of the prophets cried to Elisha, “Your servant my husband is dead, and you know that your servant feared the Lord, but the creditor has come to take my two children to be his slaves.” And Elisha said to her, “What shall I do for you? Tell me; what have you in the house?” And she said, “Your servant has nothing in the house except a jar of oil.” Then he said, “Go outside, borrow vessels from all your neighbors, empty vessels and not too few. Then go in and shut the door behind yourself and your sons and pour into all these vessels. And when one is full, set it aside.” So she went from him and shut the door behind herself and her sons. And as she poured they brought the vessels to her. When the vessels were full, she said to her son, “Bring me another vessel.” And he said to her, “There is not another.” Then the oil stopped flowing. She came and told the man of God, and he said, “Go, sell the oil and pay your debts, and you and your sons can live on the rest.”God’s Role in Our ProvisionThis story beautifully illustrates God's role in our lives. God provided the oil when the widow had no other means and also ensured there were buyers for the oil to settle her debts. This story reminds us of our total dependence on God for our needs.Our Role in God’s PlanWhile God is the ultimate provider, the widow has a significant role to play. She sought help from Elijah, followed his instructions, gathered the jars, poured the oil, and sold it. This highlights the importance of our participation in God’s provision. We must be active in our faith, seeking guidance, obeying God’s instructions, and doing our part diligently.The Lesson of FaithVerse 3 of this passage is particularly powerful. Elijah instructed the widow to gather as many jars as possible, and the amount of oil she received was directly tied to the number of jars she collected. This act of gathering jars was a manifestation of her faith. Similarly, our faith can determine the extent of God's blessings in our lives.Practical Steps for Faithful StewardshipThere are several practical lessons from this story:Rely on God: In difficult situations, look to God for guidance rather than relying solely on your own abilities.Seek Wise Counsel: Just as the widow sought Elijah's help, we should seek advice from trusted advisors and fellow believers.Do Your Part: Be faithful to the tasks God has given you, no matter how small or mundane they may seem.Involve Your Family: Include your family in your journey of faith and stewardship, allowing them to witness God’s provision firsthand.Avoid Debt: Be mindful of the financial burdens you might leave behind, ensuring you plan for the future responsibly.Use What You Have: Consider how you can use your current resources to meet the needs of others, practicing generosity as an essential aspect of stewardship.By aligning our hearts with God's, we can experience the true joy of faithful stewardship.On Today’s Program, Rob Answers Listener Questions:I want to pay off my mortgage faster to pay less interest. I have some extra money that I can put towards the mortgage. Would making an extra monthly or a large lump sum payment be best?My wife and I have been paying for long-term care insurance for about 15 years and are in our mid to late 70s. There has been a class action suit against the long-term care company informing us that their rating is now C++, which means they're marginally able to pay for future claims. They're forecasting more premium increases to come and have offered some options, and I don't know what the overall state of the industry is. Still, we're wondering whether we should cancel our policy. What kinds of things should I consider when deciding what to do?Resources Mentioned:Give To FaithFiRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. S

The Bible clearly says that Christians are to give…but is it always as clear about where we should give?We all have to decide where we will give from our limited resources. So, a good question to ask is, “Does God care where we give?” I’ll talk about that today with David Wills.David Wills is President of The National Christian Foundation (NCF). He is also the co-author of Investing in God’s Business (The “How To” of Smart Christian Giving) and numerous articles and lectures nationwide. A New Perspective on GivingA recent article titled “Does God Care Where We Give?” appeared on the NCF website and challenges a common misconception: that our personal passions should solely drive our giving. Instead, we should place God at the center of our giving decisions.Determining God's Will in GivingWhile we often give to areas we care about, it’s crucial to consider what God thinks. How do we determine this? God cares about each of us and allows us to steward financial resources for His glory and our good. By obeying God and reflecting His love, we gain supreme motivation, and our giving can glorify God.Biblical Guidance on Where to GiveGod’s Word offers guidance on where to give. Acts 1:8 provides a model with three geographic areas: Jerusalem (local), Judea and Samaria (national and regional), and the ends of the earth (international). This model challenges us to think strategically about our giving on these levels.Focusing on Eternal InvestmentsTwo things will last forever: God’s Word and people. Therefore, supporting the translation, distribution, teaching, and preaching of Scripture and aiding those spreading the gospel aligns with God's priorities. 3 John 5-8 underscores the importance of supporting workers who spread the good news of Jesus Christ.Specific Groups to SupportThe Bible also identifies specific groups we should care for: the poor and oppressed, orphans, widows, the hungry, thirsty, strangers, the naked, the sick, prisoners, refugees, and victims of calamity. These groups repeatedly surface as recipients of giving in the Bible, indicating God's special concern for them.Laying Up Treasures in HeavenWhile these categories don’t exhaust all giving possibilities, they guide us to support what God cares about locally, nationally, and internationally while leaving room for creative freedom in our giving.As Jesus said in Matthew 6:21, “Where your treasure is, there your heart will be also.” By focusing our giving on what aligns with God's heart, we can experience greater joy and fulfillment.For more details, be sure to check out David’s article, “Does God Care Where We Give?”On Today’s Program, Rob Answers Listener Questions:I recently learned that I will soon receive an inheritance of $200,000. Since my husband and I plan to retire in five years, how can I save or invest this money? What are some options for me to consider with this timeframe in mind?What would be a good amount for me to invest in an annuity? I was told that if I invested $200,000, I would get a guarantee of $16,200 in return each year. Given my situation, what are your thoughts on investing that amount in an annuity?Resources Mentioned:Does God Care Where We Give? By David Wills (NCF Article)Give To FaithFiRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Myths can be persistent things. For a long time, people thought the world was flat. The investing world has its share of myths that persist to this day. Rachel McDonough joins us today to go over 3 myths about wealth that many Christians believe—but shouldn’t.Rachel McDonough is a Certified Financial Planner (CFP®), a Certified Kingdom Advisor (CKA®), and a regular Faith & Finance contributor.Flat Earth and Financial MythsWhen your core assumptions are wrong, your strategy becomes useless. Imagine planning a voyage worldwide while believing it's flat—you'd never reach your destination accurately. Similarly, in finance, myths perpetuated by various professionals are usually unintentional but can mislead our strategies.Myth #1: Performance Equals SuccessMany think you've succeeded if you can beat the S&P 500. This oversimplifies the complex nature of investing, neglecting how profits are generated.In God's economy, people matter more than profit. True success isn’t high profitability achieved by harmful businesses but investments that honor God's values.Myth #2 & #3: Avoiding Risk Unless for Higher ReturnThe second and third myths are interconnected: the idea that unnecessary risks should be avoided and that risks are only for higher returns. Financial planning often teaches clients to avoid risks unless needed to achieve goals. However, humans take risks for reasons beyond returns—we risk out of love, trust, worship, and obedience.For instance, people take risks for the sake of love, like adopting special needs kids or rescuing trafficking victims. These acts reflect God's sacrificial love for us.Two Things To Remember:First, if you don’t have a financial plan, make one. Second, check your assumptions when planning how to steward God's resources. We shouldn't aim to die wealthy while ignoring the harm our investments might cause.Instead, we should embrace risks for the sake of impact and love, share generously with the poor, invest in impact funds, and choose careers based on Kingdom impact, not just financial gain.On Today’s Program, Rob Answers Listener Questions:I’m a 64-year-old retiree who recently started receiving Social Security benefits but has taken a higher-paying job. I was unsure whether I should contact Social Security to suspend my benefits and pay back what I had received to increase my future monthly payments or just let them reduce my benefits due to earning more than the income limit. I was also concerned about not having the $8,000 needed to pay back benefits.I want to help my graduating high school senior son start investing some of the money he had earned. Specifically, opening a Roth IRA with $1,000 would be a good option for him, even if he wouldn't contribute more each year until after college. I wanted to know the steps he would need to take to open an account and get started.What is the best way to use two home equity lines of credit? I have one at 6.4% interest and the other at 14% to pay off about $28,000 in credit card debt across various cards with interest rates in the high teens and 20s. I was thinking of using $17,000 from the lower interest line of credit and the remainder from the higher interest line, but I wanted advice on whether that was the right approach or if there were better options.Resources Mentioned:Rachel McDonoughChristian Credit CounselorsCharles SchwabBettermentGive To FaithFiRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

You’ve probably heard the saying…“If you aim at nothing, you'll hit it every time.” But do you know who coined it?Christian author and speaker Zig Ziglar is credited with that famous quote. It urges us to set goals and stay on mission. What are our goals, and what’s our mission here at FaithFi? Chad Clark fills you in today and invites you to be a part of it all.Chad Clark is the Executive Director of FaithFi: Faith & Finance. Integrating Faith and Finances for God’s GloryAt FaithFi, our mission is clear: we aim to equip Christians with the tools and resources they need to integrate their faith with their financial decisions, all for the glory of God. Our vision is that all Christians would see God as their ultimate treasure, placing Him above all else, including money, which often competes for the primary position in our hearts.Money: A Tool, Not a TreasureWe see money for what it truly is—a tool. It is not inherently good or bad, but how we use it can be. At FaithFi, we strive to help you grow in your faith and make wise financial decisions that honor God.Our resources include our radio program, FaithFi.com, the FaithFi app, and our brand-new studies designed to integrate faith and financial wisdom. We receive daily feedback from individuals whose relationships with God have deepened and who have become wiser stewards of His resources through our ministry. Join Us in Our MissionOur fiscal year ends on June 30th, and we are still $50,000 short of our fundraising goal.If you have been impacted by FaithFi and want to help others find the freedom to make God their ultimate treasure and wisely steward His resources, please consider making a donation. You can do so securely online at faithfi.com/give or find our mailing address to send a check.As a token of our appreciation, we will send you a copy of our new study, Rich Toward God, for any gift over $25. This study addresses many of the topics we discuss at FaithFi.To our faithful supporters, we extend our heartfelt thanks. Your partnership is invaluable in this important work. Together, we can continue to help Christians integrate their faith and financial decisions for the glory of God.On Today’s Program, Rob Answers Listener Questions:I have $280,000 in an annuity that I've had for over 15 years. It's approaching the point where I have to decide whether to annuitize it or surrender it. If I surrender it, there would be no surrender fee. I'm wondering if I should do that and then put half the money into a money market or high-yield savings account and $140,000 into conservative growth funds to try to get a better return than the 4.1% average I've been getting from the annuity.I have a question about investing for retirement income. My wife and I have both retired, though we still work other jobs. We max out our traditional IRAs each year and have no debt. Our other investments are also doing well. I wonder what you think about focusing on dividend stocks for additional investments past maxing out our IRAs each year to generate retirement income.I have a question about an investment property I'm considering in Decatur, Illinois. It's a mixed-use property with residential and retail units that are currently occupied. The list price was $695,000, but I negotiated it down to $650,000. I plan to put 30% down and take out a loan for the rest. The loans I've been offered are around 7.75-8.5% interest. Given the interest rates and Decatur's declining population, is this a good investment opportunity?As we know, retiring before full retirement age results in an 8% reduction for each year early. I want to know if the annual cost of living increases offset this 8% reduction for taking benefits early.Resources Mentioned:Eventide Dividend Opportunities FundGive To FaithFiRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

It’s said that we learn from mistakes, not success…but do you want to experience that with your retirement savings?No question, saving and investing for retirement is something you want to get right the first time. Mark Biller joins us today to help you avoid some of the most common retirement planning mistakes.Mark Biller is Executive Editor and Senior Portfolio Manager at Sound Mind Investing, an underwriter of Faith & Finance. Underestimating the Impact of InflationOne of the most common retirement-planning mistakes is underestimating the impact of inflation. Many fail to grasp the destructive power of inflation’s compounding effect over time. For example, with a 3% annual inflation rate, a lifestyle costing $75,000 today will require $135,000 in twenty years. Understanding this helps retirees plan for sufficient income to maintain their standard of living.Investing Too ConservativelyAnother common mistake is investing too conservatively. While fixed-income instruments like CDs and bonds are important, they often do not keep pace with inflation. Retirees need to ensure their portfolios continue to grow by maintaining some exposure to stocks and equities to stay ahead of inflation.Overestimating Investment IncomeA realistic retirement plan should be conservative about projected returns. Withdrawing too much money too soon from retirement accounts can create problems later, especially with increased life expectancy. The general guideline is to withdraw no more than 4% annually from your portfolio, but this can vary based on individual circumstances.Underestimating LifespanMany people underestimate their lifespan when planning for retirement. Statistics show that a 65-year-old man has a 60% chance of living to age 85, and a 65-year-old woman has over a 50% chance of living into her 90s. Planning for at least two decades of retirement is essential to ensure financial stability.Forgetting to Account for Healthcare CostsHealthcare costs are a significant consideration in retirement planning. While Medicare covers many expenses for those 65 and older, it doesn't cover everything. Supplemental insurance plans, out-of-pocket expenses, and potential long-term care costs must be factored into retirement plans. Building a Health Savings Account (HSA) during working years can help fund later-life health costs.Utilizing Resources and Professional GuidanceDue to the many variables in retirement planning, avoidance of these common mistakes isn't always easy. Resources like MoneyGuide, a financial planning tool used by many advisors, can help by running "what if" scenarios. Additionally, seeking guidance from a financial professional, such as a Stewardship Advisor at SMI Private Client or a Certified Kingdom Advisor® (CKA), can provide valuable insights and help secure one's financial future.While retirement planning is complex and unpredictable, diligent preparation and utilizing available resources can significantly enhance financial security. Learning from others' mistakes can help you better navigate your path to a comfortable retirement.Read the article “Avoiding The Most Common Retirement-Planning Mistakes” from Sound Mind Investing to learn more. On Today’s Program, Rob Answers Listener Questions:Do I tithe 10% of each paycheck I receive from my three jobs? Or do I tithe 10% of my weekly income regardless of how many paychecks I receive?My 401k is down over 51% from three years ago. Is there anything I can do to help it recover?Resources Mentioned:Avoiding The Most Common Retirement-Planning Mistakes (Sound Mind Investing Article)Sound Mind InvestingMoneyGuideRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

“Train up a child in the way he should go; even when he is old he will not depart from it.” Proverbs 22:6Teaching our children how to manage God’s money is vital to raising them. But how can parents do this well? Brian Holtz will share some great insights today.Brian Holtz is the Chief Operating Officer at Compass Financial Ministry and the author of Financial Discipleship for Families: Intentionally Raising Faithful Children.MVP Parenting: Building Financial Wisdom in the Next GenerationIntroducing MVP Parenting, a concept foundational for nurturing financial wisdom and spiritual growth in our children. Howard Dayton defines MVP as Modeling, Verbal Instruction, and Practical Opportunities. This approach helps parents effectively teach their kids crucial life skills and values.Modeling: Leading by ExampleAs parents, our actions speak louder than words. Modeling means demonstrating behaviors that our children can observe and learn from. If your child wants to learn how to pray, they need to see you praying, not just hear about it. Children are always watching and absorbing our behaviors, whether intentional or not. They learn how we handle money, attitudes, and financial habits. Therefore, it's essential to model the right behavior visibly.Verbal Instruction: Explaining the WhyProviding verbal instruction involves explaining actions in a way that children can understand. For instance, after praying or reading the Bible, explain to your children why you do it. Without explanation, they might create their own reasons, which could be far from the truth. Similarly, when giving money at church, explain why you do it. This helps them understand the purpose behind your actions and prevents misunderstandings.Practical Opportunities: Hands-On LearningPractical opportunities invite children to engage and try things for themselves. It's not enough for them to see and understand; they must practice under supervision. For example, involve them in simple financial tasks appropriate for their age, allowing them to apply what they've observed and learned.Implementing MVP Parenting with ClientsThis MVP approach is not limited to parenting young children; it works with adult children and even in professional settings. When working with clients, encourage them to document their experiences and prepare their wealth for the next generation. Challenge them to apply the MVP principles to teach their children financial stewardship.In a corporate setting, this might look like mentoring a junior team member by letting them observe your presentations, explaining the outcomes, and gradually involving them in the process. Similarly, parents can apply these principles to raise financially wise children by providing a vision for the family’s wealth and decisions.The Importance of Family VisionA clear family vision is crucial. It defines why you exist, why the wealth has been entrusted to you, and why you make certain decisions. Core values and a family vision ensure that everyone understands the purpose behind their actions. Just like a book's value depends on its purpose, a family's success in stewardship depends on defining what that means for them.By integrating these principles, families can nurture financial wisdom and spiritual growth, ensuring that the next generation is well-prepared to be good stewards of their resources.On Today’s Program, Rob Answers Listener Questions:My wife and I received an inherited IRA from her father. We've been taking the required minimum distributions since he passed away, but now we've been told we must liquidate the entire account, which is around $100,000, by next year. We don't need to take all the money out since we don't use it for living expenses. Is there another option besides liquidating the whole thing?I’m looking for guidance on optimizing my retirement plan as I prepare to retire next quarter at age 61. I'll have significant assets and want to ensure I use them efficiently. I'm wondering if I should work with a CPA or a financial planner and if you could provide any suggestions on who might be a good fit given that I want to consider the interaction between required minimum distributions, Roth conversions, donor-advised funds, and when to start taking Social Security benefits. I have a lot of factors to consider when planning my retirement, and I could use help putting together a comprehensive plan.Should I use a home equity line of credit to purchase a new vehicle? Our mortgage has been paid off for a while, but the interest rates on new cars are so high. I wonder if using some of the equity in our home instead through a HELOC would be better. We'd prefer to buy a new car to avoid any potential mechanical issues from a used vehicle. What are your thoughts on using a HELOC versus financing through an auto loan?I'm 62 and no longer working, while my husband is 63 and plans to work until 65 or 67. We had always planned to delay taking benefits as long as possible, but I read something recent

“By wisdom a house is built, and by understanding it is established; by knowledge the rooms are filled with all precious and pleasant riches.” - Proverbs 24:3-4Faithful stewardship requires us to make wise financial decisions…manage and grow assets, and protect our families from hardship. Are you ready if you’re suddenly disabled or incapacitated? Valerie Hogan joins us with a checklist to prepare you for it.Valerie Hogan is an attorney, a Certified Financial Planner (CFP®), a member of Kingdom Advisors, as well as the co-author of Wise Women Managing Money: Expert Advice on Debt, Wealth, Budgeting, and More with Miriam Neff. The Importance of Disability InsuranceWe need the humility to realize we don't know what's coming in the future and the due diligence to get disability insurance, which protects us from loss of income if we're disabled. It's available publicly and through private programs, with costs varying based on qualification strictness, medical history, benefit duration (short or long term), and waiting period before it kicks in.Preparing for disability also falls in the same category as basic estate planning. This includes considering a durable power of attorney for finance or health decisions, a will or revocable living trust, and a living will when you can't make medical decisions independently.Organizing for IncapacityTo get organized, securely store important papers and legal documents and let someone you trust know their location. Talk to your spouse or family member about your advanced care wishes and permit your doctors and lawyers to speak with your caregiver, which may require a HIPAA release.Essential Documents to OrganizeHere’s a comprehensive list:Birth, death, and marriage certificatesNames and phone numbers of close friends, relatives, doctors, lawyers, and financial advisorsFinancial information such as social security card or number, sources of income, IRAs, 401(k)sInsurance information, including life, long-term care, home, and car policies, with policy numbers and agents’ contact detailsBank account numbers, checking, savings, and credit union detailsInvestment information (stocks, bonds, property) with broker’s contact detailsMost recent income tax returnsUp-to-date will or trust with original signatures and witnesses (varies by state)List of liabilities and whom you oweDeeds or trust documents for your house and carHealth information, including current prescriptions, a living will, a durable power of attorney for health care, health insurance policies with policy numbers and contacts, and HIPAA releases.It’s worth it to ensure everything is done properly, so a licensed attorney specializing in estate planning in your state is an excellent resource for wisdom and advice. A godly estate planning attorney can help you consider whether the next steward is chosen and prepared.On Today’s Program, Rob Answers Listener Questions:Should I consider paying off my mortgage since the mortgage rate is considerably less than I could get by investing money in CDs? I'm also curious if digital currency is coming to the United States and if we must worry about the government taking our home.As a new medical practice owner who is barely making it right now with overhead and mortgage expenses, do I tithe from the gross income that the practice brings in, or can I tithe from the net income after taking care of all the expenses? Also, I bought a house in Florida to pay off, and I just got engaged. I plan to add him to the deed. What will the tax consequences be for him?How can my husband and I save or invest $200,000 that I will soon receive as an inheritance, given that we plan to retire in five years?My husband and I had gotten behind in tithing and giving to the ministries we support. We were challenged to get caught up, so despite life circumstances, we dipped into our savings and sent the checks. The day we delivered our tithe check to the church, we received a cash offer and sold our house in just two weeks. I wanted to encourage others that God is faithful when we surrender our hearts to him.I'm a 73-year-old widow living on Medicare and Medicaid. Because of this, I've heard they could take my house, but I want to understand more about how true that is and what I need to do, like possibly setting up a trust to secure my home. Where should I start to get advice on this issue?Resources Mentioned:Wise Women Managing Money: Expert Advice on Debt, Wealth, Budgeting, and More by Miriam Neff and Valerie Neff Hogan, JDMoney and Marriage God’s Way by Howard DaytonRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live a

You’ve been a careful steward, working hard, saving your money, and spending wisely. Now what?Being able to live comfortably and afford the things you need seems like a worthy goal. Today, we’ll look at having a surplus from a biblical perspective.Celebrating Financial FaithfulnessMaybe we don’t do this enough—speak directly to the faithful listeners who already follow God’s principles in their finances. You’ve been living with integrity and making wise choices with your money for years. Well, we’re talking to you today.First of all, well done. Financial faithfulness is a big deal. It takes sacrifice, commitment, and patience. You’ve paid off debts, worked hard at one or more jobs, invested wisely, and built your savings. More importantly, you understand that everything belongs to God. Your responsibility is to faithfully and humbly care for what He’s provided.As a Christian, you know the future is in God’s hands. Markets rise and fall, and your economic realities may change, but God is always faithful. You also know that following biblical financial principles is the wise thing to do. And now you find yourself with a surplus. What’s next?You might think, “I don’t have a surplus – I’m just getting to where I can keep my head above water financially.” Let me clarify what we mean by a surplus. A surplus is any money God has provided above what you need to live. The late Larry Burkett calls it “prosperity.” He explains that prosperity can be a blessing from God or a trap from Satan, depending on how it is used. The Spiritual Danger of SurplusScripture warns that having a surplus can be more dangerous than having a need. If your surplus leads to a desire for more, it becomes a spiritual trap. 1 Timothy 6:9-10 warns, “Those who desire to be rich fall into temptation, into a snare, into many senseless and harmful desires that plunge people into ruin and destruction.”You might think it’s possible to focus on getting and keeping wealth and be devoted to God at the same time. But Jesus tells us in Matthew 6:24, “No one can serve two masters…You cannot serve God and money.”If it’s dangerous to focus on getting rich and impossible to serve God and money at the same time, what’s the godly alternative? According to Jesus in Luke 12:21, we’re supposed to be “rich toward God.” When you value Jesus most, you place your trust in an eternal and imperishable treasure. God’s abundance offers so much more than worldly riches do—including power for living and peace in your heart.God's Perspective on Financial SurplusesSo, what’s God’s perspective on financial surpluses? In 1 Samuel 16:7, we learn that “…the Lord sees not as man sees: man looks on the outward appearance, but the Lord looks on the heart.”Two things come to mind concerning how we manage a surplus. First, we are to be imitators of Christ. Ephesians 5:1-2 says, “Follow God’s example, therefore, as dearly loved children and walk in the way of love, just as Christ loved us and gave himself up for us as a fragrant offering and sacrifice to God.” How we use our surplus should reflect the God we serve. God is a generous father, faithful and sacrificial in His dealings with us. As a result, we are to be the same toward others.Second, we must be “in the world but not of it” [John 17:11,16] in handling that surplus. In the Sermon on the Mount, Jesus explains that God’s power doesn’t follow worldly priorities. True power is displayed through self-giving love. Through the power of generosity, we can participate in God’s work in the world.Planning for Potential SurplusesWhen God blesses you with a surplus, it’s essential to see it for what it is—a physical blessing with a spiritual purpose. Larry Burkett states, “The important thing is to have a plan for the use of potential surpluses—planning before the money becomes available.”Here’s a final word from 1 Timothy 6:17-19: “As for the rich in this present age, charge them not to be haughty, nor to set their hopes on the uncertainty of riches, but on God, who richly provides us with everything to enjoy. They are to do good, to be rich in good works, to be generous and ready to share, thus storing up treasure for themselves as a good foundation for the future, so that they may take hold of that which is truly life.”Being financially faithful and handling surpluses with a heart aligned with God’s will allows you to experience true abundance—one that transcends worldly riches and brings eternal peace and joy.On Today’s Program, Rob Answers Listener Questions:God has always blessed me, and instead of paying 10%, I pay 11% off of gross. My question is, when I start receiving Social Security, is there a formula? Or to know what part social security has given us that we didn't put in ourselves?I'm a 60-year-old man who retired from the military and still works for them as a contractor. I will collect social security between 66 and 67 when I max out because I am working, so I won't collect it at 62. My question is that I got in trouble w

Dr. Richard Swenson, author of The Overload Syndrome and Margin, writes that… “We must have some room to breathe. We need freedom to think and permission to heal. Our relationships are being starved to death by velocity.”Too many people are physically, emotionally, mentally, and financially overloaded these days. So, we’ll look at rest from a biblical perspective today.The Concept of MarginIn his writings, Dr. Richard Swenson introduces the concept of "margin"—essentially, it's the space to take a break before you break down. Many of us feel there’s just not enough time, money, or energy left at the end of the day to recuperate, leading us to start the next day at full throttle again. This lifestyle, lacking margin, can have severe physical and financial consequences.Consider sleep, for instance. The Sleep Foundation reports that nearly half of people in the U.S. struggle with sleep, and about one-third of adults sleep less than seven hours each night. Chronic sleep deprivation can lead to expensive health issues like diabetes, anxiety, obesity, and heart disease. Additionally, research from Sleep Advisor indicates that over 2 percent of the U.S. GDP is lost due to workers' lack of proper sleep.Working late nights and weekends might seem necessary if you feel like life is moving too fast. However, burning the candle at both ends is ultimately unproductive. Exhaustion leaves no energy for the most important things—your relationships with others and the Lord.Work and Rest: Finding the Right BalanceWhile God calls us to work for our families, His Kingdom, and the community, He also emphasizes the need for rest. Rest is God’s idea as much as work is. God rested on the seventh day of Creation—not out of tiredness, but because His work was complete. He blessed that rest and called it holy. The Sabbath, enshrined as one of the Ten Commandments, shows how much God values rest. We need time to be with the Lord, reconnect with loved ones, relax, enjoy God’s creation, exercise, breathe deeply, and sleep!Technology enables us to work from anywhere at any time, but that doesn't mean we should. Creating margin in our work means getting enough rest to do our jobs “as unto the Lord” with purpose and energy. Staying late at the office or skipping vacations might make you look diligent, but the stress and broken relationships that follow are too high a price for professional progress.However, it’s important to distinguish between proper rest and laziness. Laziness is choosing not to do what you’re supposed to or doing the bare minimum. This goes against God’s purpose for us, which involves good works. In his first letter to the Thessalonians, Paul advises the church to “…warn those who are idle and disruptive,” implying that inactivity can lead to trouble. The saying “Idle hands are the devil’s workshop” is a testament to this idea.The Dangers of IdlenessIn 1 Timothy 5, Paul highlights other dangers of idleness, such as gossiping and leading others into sin. Idleness, unproductiveness, and laziness open the door to harmful habits. Contrarily, Proverbs 31 praises the “woman of noble character” for her hard work in caring for her family, running her business, training her workers, and providing for the poor. Verse 27 confirms that she “does not eat the bread of idleness.”Laziness can also mean spending too much time on unimportant activities like endless scrolling through Instagram or mindlessly shopping online. At its core, laziness is a failure to take care of responsibilities. Paul provides a stern example in 1 Timothy 5:8, stating, “Anyone who does not provide for their relatives, and especially for their own household, has denied the faith and is worse than an unbeliever.”If laziness tempts you, turn to Jesus in prayer. 1 John 1:9 assures us, “If we confess our sins, he is faithful and just and will forgive us our sins and purify us from all unrighteousness.”Whether your issue is working too hard or hardly working, it’s time to restore the margin in your work and finances. Do your work “as unto the Lord,” as Colossians 3:23 advises. And if you’re feeling overwhelmed, find comfort in Jesus’ words from Matthew 11:28: “Come to me, all you who are weary and burdened, and I will give you rest.”On Today’s Program, Rob Answers Listener Questions:Where should I go to find a Certified Kingdom Advisor to get a referral for a godly estate planning attorney?I paid a capital gains tax a few years ago when I sold some stock. Even though my income from my job was below the limit to be taxed at 0% for long-term capital gains, they taxed me on the full capital gains amount as if that was my adjusted gross income. I want to check with my tax preparer since I thought I should have gotten taxed at 0% based on my income that year.Please give me a simplified explanation of a money market account. My new husband and I are considering putting some retirement money into one.Given all the economic uncertainties, does it make sense for someone in t