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Faith & Finance

Moody Radio

Faith & Finance is a daily radio ministry of FaithFi, hosted by Rob West. The program offers a practical, biblical and good-natured approach to managing your time, talents, and resources.

Location:

Chicago, IL

Networks:

Moody Radio

Description:

Faith & Finance is a daily radio ministry of FaithFi, hosted by Rob West. The program offers a practical, biblical and good-natured approach to managing your time, talents, and resources.

Language:

English

Contact:

820 N. LaSalle Blvd., Chicago, IL 60610


Episodes
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Does Your Budget Reflect Your Priorities? with Brian Holtz

7/17/2024
“Therefore do not be foolish, but understand what the Lord’s will is.” - Ephesians 5:17 That 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: GenerosityProviding for FamilyMeeting Financial ObligationsSaving for the FutureEnjoying God’s BlessingsAligning 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:Provision: Debt Repayment:Enjoyment: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: 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 most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

Duration:00:24:57

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What People Think About Inflation with Mark Biller

7/16/2024
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 Misunderstanding A 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 Experience There 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 Prices Unfortunately, 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 Implications Looking 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 Environment Higher 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: Resources Mentioned: Sound Mind InvestingChurch CenterPowerChurchTithe.lySecureGiveShelby SystemsPushpayBankrateLending TreeNerdWalletRich 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 most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

Duration:00:24:57

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Back To School Smarts with Crystal Paine

7/15/2024
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 Essentials As 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 Weekends Tax-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 Opportunity Taking 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 Routine Re-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 Times The 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: 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 most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

Duration:00:24:57

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Don’t Carry Debt Into Retirement

7/12/2024
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 Guide According 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 Retirement Set a Goal to Eliminate Debt Before Retirement Prepare for Economic DownturnsPractical Strategies to Pay Off Debt Cut Expenses Increase Your Income Downsize Your Home Accelerate Mortgage Payments Tackle Credit Card Debt Avoid Using Home Equity to Pay Off Consumer Debt Seek Professional HelpChristian Credit CounselorsThe Benefits of a Debt-Free Retirement At 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: Resources Mentioned: Christian 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 most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

Duration:00:24:57

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State of the Housing Market

7/11/2024
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 Buyers It 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 Market If 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 Lining For 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 Predictions The 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 Home Check Your Credit ReportsExperianTransUnionEquifaxAnnualCreditReport.com Consult a Mortgage Loan Officer Assess Your Borrowing Capacity Save for a Down Payment Get Pre-ApprovedA Mortgage with a Purpose Consider 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 Home Make 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: 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 most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

Duration:00:24:57

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The Economics of Genesis with Jerry Bowyer

7/10/2024
“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 1:1-2 I’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 Beginning In 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 Process For 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 Work Genesis 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 Role After 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 Creation Humanity’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 Economics In 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: Resources Mentioned: Rich Toward God: A Study on the Parable of the Rich FoolFind a...

Duration:00:24:57

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Social Security FAQ with Eddie Holland

7/9/2024
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: 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 most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

Duration:00:24:57

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Put Your Principles Where Your Money Is

7/8/2024
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 Problem Like 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 Faith Isaiah 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 Ownership Psalm 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 Principles Once 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 Change This 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...

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Invest in Beautiful with Jason Myhre

7/5/2024
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 Beauty We 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 Potential Consider 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 Investing As 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 Investing The 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...

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The Road To Financial Freedom

7/4/2024
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 Freedom Independence 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 Freedom To 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 Debt A 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 Bondage Here are some signs of financial bondage: 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 Freedom So, 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: 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 most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

Duration:00:24:57

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Giving While You’re Living with Ron Blue

7/3/2024
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 Giving There 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 Transfer One 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 Line To 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: 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 most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

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Set Free From Anxiety

7/2/2024
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 Anxiety Modern 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 Anxiety Despite 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 Money John 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 Make Ultimately, 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: 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 to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at...

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Living Wisely in Either Prosperity or Adversity

7/1/2024
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 Adversity When 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 Wisdom Wisdom 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:“…will understand what is right and just and fair.”Guidance:“In all your ways acknowledge Him…and He will make your paths straight.”Blessing:“Blessed is the man who finds wisdom.”Good Reputation:“The wise inherit honor.”Protection:“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 Decisions So, how can you follow a path of wisdom in your day-to-day financial decisions? Understand how God views money and possessions.ng financially wise means living according to biblical principles. Contentment is key to financial wisdom.“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: 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 most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

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Family Inspires Hope With Dr. Albert Reyes

6/28/2024
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 Families Sadly, 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 Families Examining 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 Mission Buckner 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 Souls One 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 Involved For 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: 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 most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

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Timeshare Tribulation

6/27/2024
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 Informed Before 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 Timeshare If 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 Options If selling doesn’t work, consider these alternatives: Timeshare Deed Back:Timeshare Exit Company:Hiring an Attorney:Costs and Considerations Selling 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 Avoid Extravagant Claims:Upfront Payments:Illegal Actions:Don’t Stop Payments Stopping 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 Key Ultimately, 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: 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 most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

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The Message of the Widow’s Oil with Sharon Epps

6/26/2024
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 Oil Let'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 Provision This 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 Plan While 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 Faith Verse 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 Stewardship There are several practical lessons from this story: Rely on God:Seek Wise Counsel:Do Your Part:Involve Your Family:Avoid Debt:Use What You Have:By aligning our hearts with God's, we can experience the true joy of faithful stewardship. On Today’s Program, Rob Answers Listener Questions: 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 most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

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Does God Care Where We Give? with David Wills

6/25/2024
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 Giving A 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 Giving While 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 Give God’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 Investments Two 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 Support The 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 Heaven While 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: 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 most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

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3 Myths About Wealth That Christians Believe with Rachel Mcdonough

6/24/2024
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 Myths When 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 Success Many 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 Return The 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: 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 most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

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FaithFi: The Mission with Chad Clark

6/21/2024
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 Glory At 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 Treasure We 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 Mission Our 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: 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 most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

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Avoiding The Most Common Retirement-Planning Mistakes with Mark Biller

6/20/2024
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 Inflation One 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 Conservatively Another 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 Income A 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 Lifespan Many 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 Costs Healthcare 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 Guidance Due 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: 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 most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

Duration:00:24:57