Faith & Finance

"His master said to him, ‘Well done, good and faithful servant. You have been faithful over a little; I will set you over much. Enter into the joy of your master.’” — Matthew 25:21 Those are the words every believer longs to hear. That’s why it’s important to regularly reflect on how we’re stewarding the resources God has entrusted to us. Today, Rachel McDonough joins us to share three key Scriptures and prayers to help guide us in faithful stewardship. Rachel McDonough is a Certified Financial Planner (CFP®), a Certified Kingdom Advisor (CKA®), and a regular Faith & Finance contributor. These passages reveal that what seems wise from a financial standpoint may sometimes be wasteful in God’s eyes, and what appears to be wasteful may, in fact, be an act of deep wisdom. True stewardship isn’t just about following formulas—it’s about surrendering our hearts to God. 1. The Woman Who Anointed Jesus: Extravagant Worship Our first passage comes from a well-known story found in all four Gospels—the woman who anointed Jesus. Jesus was at a dinner party when a woman entered and broke a bottle of expensive perfume, pouring it over Him in an act of extravagant worship. The disciples were outraged, arguing that the perfume should have been sold and the money given to the poor. Yet, Jesus saw it differently. He recognized her act as a prophetic preparation for His burial, honoring her sacrifice. From a financial perspective, this act seemed irresponsible—her life savings were gone instantly. But in God’s economy, radical, sold-out worship is never wasted. When Jesus becomes our ultimate treasure, we position ourselves to live in step with His divine purposes. A Prayer for Worshipful Stewardship "God, give us eyes to see that the true treasure is You, not wealth. Help us to pour out extravagant worship at the feet of Jesus, holding nothing back. Teach us to move beyond routine generosity and embrace radical worship. Align our hearts with the rhythms of heaven so that we are available for Your purposes in every kairos moment. Amen." 2. The Prodigal Son’s Father: A Heart for People, Not Just Money We often focus on the prodigal son in Jesus’ parable, but what if we shift our attention to the father? When the younger son demanded his inheritance and squandered it, the father allowed him to make a major financial mistake. From a worldly perspective, this decision was both unwise and unfair—especially to the older, responsible son. But the father’s actions reflected God’s heart, showing that relationships matter more than wealth. As stewards, we often want to control how money is used, especially when passing wealth to the next generation. Yet, God’s example shows that our trust should be in Him, not in financial security. Just as Jesus entrusted the moneybag to Judas despite knowing his character, we, too, must release control and trust God to work in our children’s lives. A Prayer for Generational Stewardship "Father God, help us see that real value is found in people, not money. Teach us to cherish and train up the next generation, knowing that they can do far more for Your Kingdom than our wealth ever could. Free us from the fear that leads to control, and fill us with faith that You are the true provider. May Your blessing extend for a thousand generations, shaping hearts that desire to serve You. Amen." 3. The Rich Fool: Avoiding Self-Reliance in Wealth Jesus’ parable of the rich fool (Luke 12) warns against the dangers of hoarding wealth without consulting God. When a farmer received an abundant harvest, he decided to build bigger barns to store it all rather than seek God’s guidance. He assumed financial security equated to a long, worry-free life. But God called him a fool because his soul would be required of him that very night. When we experience financial blessings, our first instinct is often to protect and preserve. But stewardship isn’t about accumulation or self-reliance—it’s about trusting God and using our...

Did you hear about the guy who owned last year’s top-performing funds? Yeah, it's too bad he bought them this year, though. There’s a lot of evidence to suggest that buying and holding index funds will pay off in the long run. Benji Bailey joins us today to make the case with some impressive numbers. Benji Bailey is Vice President of Investments and Senior Fixed Income Manager at Praxis Mutual Funds, an underwriter of Faith & Finance. The Importance of Indexes in Investing To understand index funds, we can view them like guideposts in a national park. Just as signs direct visitors to scenic views and help them stay on the right path, indexes serve as essential benchmarks for investors. These benchmarks, such as the S&P 500 for large-cap stocks or the Bloomberg Aggregate for bonds, allow investors to measure their progress toward financial goals. Without these guideposts, investors risk straying off course, possibly realizing too late that their portfolio has been heading in the wrong direction. Publicly available indexes provide a crucial check-in, ensuring investments align with long-term objectives. Many investors believe they can outperform the market by actively trading stocks. However, research suggests otherwise. A study published in The Journal of Finance found that individuals who frequently traded stocks underperformed compared to those who traded less. Over a six-year period: This trend highlights the dangers of excessive trading. Warren Buffett summarized it well: “The stock market is designed to transfer money from the active to the patient.” The Bible echoes this wisdom in Proverbs 13:11: “Wealth gained hastily will dwindle, but whoever gathers little by little will increase it.” Active vs. Passive Mutual Funds A key distinction in investing is the difference between active and passive mutual funds: Active funds:Passive funds:According to Morningstar, over the past 15 years, only 9% of actively managed large-cap funds outperformed their passive counterparts—meaning 91% of active funds underperformed. This data suggests that passive investing can be a more reliable strategy for many investors. Aligning Investments with Faith Values Many faith-driven investors worry that traditional index funds may include companies whose values don’t align with their beliefs. Praxis Mutual Funds addresses this concern by screening out companies involved in industries such as: However, the more companies an investor removes from an index, the greater the potential for volatility in returns. For example, removing just one company from the S&P 500 would have little impact, but excluding half of the index’s stocks would significantly increase volatility. Praxis Mutual Funds utilizes an optimized equity index strategy to balance faith-based values with financial performance. Instead of replicating an index, Praxis screens out objectionable companies and uses a software-driven approach to reallocate funds into a diversified mix that closely tracks the market’s performance. This method allows faith-based investors to remain aligned with their values without sacrificing reasonable returns. The Role of Patience in Investing Market volatility can make investing an emotional challenge. Many investors instinctively buy when the market is high and sell when it’s low—precisely the opposite of what leads to long-term success. Historical data shows that the S&P 500 has had an average annual return of around 10% over the past 97 years, but actual yearly returns rarely fall near that average. Investors who stay the course and focus on long-term gains are more likely to benefit from market growth. The Bible encourages this patient approach in Ecclesiastes 11:2: “Invest in seven ventures, yes, in eight; you do not know what disaster may come upon the land.” Diversification and patience are essential principles for wise investing. Making a Positive Impact Through Investing Beyond screening out specific companies, Praxis Mutual...

"And the King will answer them, ‘Truly, I say to you, as you did it to one of the least of these my brothers, you did it to me.’" - Matthew 25:40 Millions of people around the world need the basic necessities of life, but even more importantly—they need the Gospel. One organization is helping them receive both. Kelly Miller joins us with an impact report. Kelly Miller is the CEO and President of Cross International, an underwriter of Faith & Finance. A Ministry Model Built on Partnership Cross International’s approach to global missions is unique. Instead of working independently, they partner with local Christian organizations, churches, and nonprofits in the countries where they serve. These local partners know their communities far better than we do, and Cross International’s role is to walk alongside them and help them expand on what God has already called them to do. This collaborative model not only maximizes impact but also reflects the unity of the Body of Christ as believers across the globe work together to serve those in desperate need. An Impact Report: What God is Doing Through Cross International Cross International's mission goes beyond charity. It is about sharing Jesus' love while addressing critical physical needs. Here’s a snapshot of what God is doing through their ministry: Each of these numbers represents real lives being changed—people who are now experiencing hope, stability, and the love of Christ. Serving in Crisis: Cross International’s Work in Haiti Haiti has endured political instability, gang violence, and natural disasters, yet in the midst of turmoil, Cross International continues to bring hope. Key Ministries in Haiti: Despite the negative news headlines, God is moving in Haiti, and Cross International is at the forefront of that transformation. Caring for Orphans and Vulnerable Children in Africa In many African nations, AIDS, poverty, and natural disasters have left countless children orphaned and homeless. Through their partnerships, Cross International provides: By offering stable housing, education, and nourishment, Cross International is breaking the cycle of poverty for these children and their families. One of the most inspiring aspects of Cross International’s work is how it transforms entire communities. Take Malawi, for example—a country where child malnutrition and extreme poverty are common. Without the feeding program, many children would not go to school. The cycle of poverty would continue. In many cases, young girls would be married off at 11 or 12 years old because their families cannot afford to feed them. This program is breaking that cycle. Through Cross International’s work in Tanganyika, Malawi, over 500 children receive food, education, and discipleship—offering them a new future filled with hope and purpose. Meeting Spiritual Needs Alongside Physical Ones Cross International provides food, water, and education, but it also shares the life-changing truth of the Gospel with its beneficiaries. Children need to be rooted in God’s Word from a young age because navigating life becomes much harder without it. When they learn early on, they grow up with the unshakable truth that God is their provider, guiding and sustaining them through every season of life. Cross International’s faith-centered mission is a direct response to 1 John 3:17, which reminds us that true love for God is demonstrated in how we care for those in need. How You Can Partner with Cross International Cross International has launched the Thriving Kids Initiative, a program designed to help orphaned, vulnerable, and disabled children not only survive but thrive. By focusing on three key areas: Cross International creates a foundation for long-term stability and spiritual growth. For just $62 a month, you can provide: Visit crossinternational.org/faith to become a monthly partner. As believers, we are called to use our financial resources for God’s purposes. Partnering with...

They say you shouldn’t sweat the small stuff, but that doesn’t mean you can ignore the big stuff, either. When it comes to finances, and especially investing, it’s important to get the big moves right. Mark Biller joins us today to go over the things that need special attention. Mark Biller is Executive Editor and Senior Portfolio Manager at Sound Mind Investing, an underwriter of Faith & Finance. Today, we’ll cover some key takeaways from Sound Mind Investing’s recent article, Getting the Big Moves Right, which explores seven critical investment decisions that can make or break your financial future. 1. Have a Clear Investing Plan As the old saying goes from the Cheshire Cat from Alice in Wonderland, "If you don’t know where you’re going, it doesn’t matter which way you go." A successful investment strategy starts with a plan—one that outlines: Without an investment plan, it’s easy to drift or make hasty decisions based on emotions or short-term market fluctuations. 2. Commit to Investing Consistently One of the most significant factors in successful investing is how much you invest each month. While everyone’s situation differs, investing 10–15% of your monthly income during your working years is a general rule of thumb. Your age, retirement timeline, and savings goals will influence this percentage, but the key is to make investing a consistent habit—not something you do only when you have extra cash. 3. Get Your Asset Allocation Right There’s no such thing as a “perfect portfolio” that always wins in the market. Instead of chasing returns, focus on the right mix of investments for your: At SMI (Sound Mind Investing), their members start with a risk tolerance quiz to determine the best balance between stocks and bonds. A well-diversified portfolio ensures that when one part of the market struggles, another part can provide stability. 4. Choose Investments Wisely Many investors fall into the trap of buying stocks or funds based on hype or following the latest market trend. Instead, focus on: Rather than constantly adjusting your portfolio based on short-term news, stick to a disciplined investment approach that aligns with your financial plan. 5. Measure Success with the Right Benchmark Too many investors compare their portfolios to popular stock indexes like the S&P 500, but this can be misleading. If your portfolio contains more than just large U.S. stocks, using the S&P 500 as your benchmark may lead to unrealistic expectations. Instead, measure success based on: In other words, success isn’t about “beating the market”—it’s about making steady progress toward your investment objectives. 6. Limit How Often You Check Your Investments One of the biggest emotional traps investors fall into is checking their portfolios too frequently. At SMI (Sound Mind Investing), they recommend checking investments monthly—or even quarterly—to maintain a long-term perspective. 7. Stay Committed for the Long Haul Many investors struggle with "grass-is-greener" syndrome, constantly switching: While there are appropriate times to make changes, they happen far less frequently than most investors think. Choose your investment strategy carefully, then stick with it—even when market conditions fluctuate. What to Let Go of for Investment Success Once you’ve nailed the big investment moves, free yourself from these distractions: Daily Market News The “What-If” Game Portfolio Micro-ManagementInvesting isn’t about perfection—it’s about faithfulness and consistency. Here’s how to ensure long-term success: The key to financial freedom isn’t found in chasing quick gains—it’s in making faithful, long-term decisions that align with wise stewardship principles. Above all, trust God as your ultimate provider. Investing is a tool for wise financial stewardship, but our true security is in Him—not in our portfolio’s performance. To dive deeper into today’s discussion, check out the full article Getting the Big Moves Right at...

As the saying goes, you don’t need to be wealthy to start saving—but you do need savings to build wealth. Right now, one of the best ways to grow your savings is by taking advantage of high-yield savings accounts. But how long will these elevated rates last? Let’s explore what’s driving these rates and what you can do to maximize your savings. The Role of a Savings Account Before we dive into high-yield savings, let’s clarify what a savings account is—and what it’s not. Unlike investing accounts involving higher risk, a savings account is a secure place for short-term financial needs. A savings account is ideal for: Currently, some online savings accounts offer interest rates between 4.75% and 5%, significantly outperforming traditional brick-and-mortar banks. But why are these rates so high? The Inflation Factor: Why Rates Are High Inflation plays a significant role in determining interest rates. The Federal Reserve typically raises interest rates to slow inflation down when inflation rises. Over the past couple of years, inflation has remained higher than the Fed’s 2% target. As a result, the Fed has held off on cutting rates as originally anticipated. Bad news?Good news?Because banks adjust their rates based on the Fed’s actions, the question remains: How long will these higher yields last? Will Savings Yields Stay High? Only God knows for sure, but we can make an educated guess based on two factors: The latest inflation numbersThe Federal Reserve’s reactionEven when the Fed does cut rates, it can take time for savings yields to follow. Banks tend to delay lowering interest rates on savings accounts. Likewise, when the Fed raises rates, banks take their time increasing yields. Why? Because banks don’t want to be the first to make a move. They wait to see how competitors react so they can stay within industry standards while remaining competitive. How to Get the Best Savings Rates Since banks adjust rates at their own pace, it’s wise to monitor trends. If your bank consistently offers lower yields than what’s available online, consider moving your money. To compare savings rates, check websites like: BankrateNerdWalletAdditionally, if savings account yields start dropping, you might consider alternatives like: Certificates of Deposit (CDs)Money Market AccountsCredit Unions: A Hidden Gem for High Yields If you’re dissatisfied with your bank’s rates, you don’t necessarily need to switch to an online bank. Credit unions often offer higher savings yields than traditional banks. Unlike for-profit banks, credit unions return profits to their members through: One faith-based option is Christian Community Credit Union, which offers competitive savings rates and gives a portion of its revenues to support ministry efforts worldwide. Learn more at JoinChristianCommunity.org. Proverbs 13:11 offers timeless wisdom on the importance of saving: “Wealth gained hastily will dwindle, but whoever gathers little by little will increase it.” The key to faithful financial stewardship is making wise, intentional choices—whether that’s finding the best savings rate or consistently setting aside money for the future. As you grow your savings, remember that true stewardship isn’t just about accumulating wealth—it’s about using what God has entrusted to you wisely. On Today’s Program, Rob Answers Listener Questions: Resources Mentioned: Faithful Steward: FaithFi’s New Quarterly MagazineChristian Community Credit UnionMoney and Marriage God's Way by Howard DaytoWisdom Over Wealth: 12 Lessons from Ecclesiastes on Money (Pre-Order)Look At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich 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...

"If then you have not been faithful in the unrighteous wealth, who will entrust to you the true riches?" – Luke 16:11 Managing money wisely in today’s fast-paced world isn’t always easy. With so many financial demands, it’s tempting to take shortcuts—grabbing coffee on the go, eating out instead of cooking, or neglecting a budget altogether. But faithfulness in finances requires intentionality. Here’s how you can stay faithful in managing your money according to biblical principles. Before making financial decisions, seek God’s wisdom. James 1:5 reminds us, “If any of you lacks wisdom, let him ask God, who gives generously to all without reproach, and it will be given him.” Set aside time each week to pray over your finances and seek God’s direction. Create a Spending Plan A budget is essential for financial faithfulness. Without one, it’s easy to overspend and struggle to meet obligations. If you don’t have a budget, download the free FaithFi app, which provides step-by-step guidance for setting up a plan and tracking expenses. If your income isn’t covering expenses, you have two choices: cut spending or increase income. Trimming expenses is often the easier option. Cut Unnecessary Expenses Start by reviewing where you spend the most. While housing costs may be fixed, food expenses can be reduced with intentional planning: Beyond food, look for other savings opportunities: Build an Emergency Fund Financial stability requires preparation. Start by setting aside $1,500 for unexpected expenses like car repairs or medical bills. Gradually work toward saving three to six months’ worth of living expenses. The peace of mind an emergency fund provides is worth the effort. Tackle Debt Strategically If you’re burdened by debt, follow Proverbs 22:7, which warns, “…the borrower is slave to the lender.” Develop a plan to pay off consumer debt using the snowball method: If you’re struggling to make minimum payments, consider a debt management plan through Christian Credit Counselors, who can help reduce interest rates and speed up repayment. Save for the Future Once consumer debt is eliminated, shift your focus to retirement savings. Aim to invest 10-15% of your income in a tax-advantaged account like an IRA or 401(k). If your employer offers matching contributions, take advantage of this free money as soon as possible. Practice Generosity Giving is at the heart of financial faithfulness. Commit to tithing regularly to your local church and seek opportunities to bless others through sacrificial giving. As Jesus said in Acts 20:35, “It is more blessed to give than to receive.” By following these principles—prayer, budgeting, saving, eliminating debt, and giving—you can remain faithful in managing the resources God has entrusted to you. On Today’s Program, Rob Answers Listener Questions: Christian Credit CounselorsResources Mentioned: Faithful Steward: FaithFi’s New Quarterly MagazineChristian Healthcare Ministries (CHM)Consumer Financial Protection BureauChristian Credit CounselorsWisdom Over Wealth: 12 Lessons from Ecclesiastes on Money (Pre-Order)Look At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich 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.

A.W. Tozer once wrote in The Knowledge of the Holy, “What comes into our minds when we think about God is the most important thing about us.” Our understanding of God influences everything—including how we handle what He has entrusted to us. In the Parable of the Talents (Matthew 25:14-30), Jesus tells a story that reveals how our perception of God directly affects our stewardship. Three servants are given different amounts of money while their master is away. Two invest what they receive and are rewarded for their faithfulness. The third, however, buries his portion out of fear. His failure wasn’t just financial—it was a failure of understanding his master’s character. A Misunderstanding That Led to Fear At first glance, the punishment of the third servant might seem extreme. After all, he didn’t lose the money—he simply didn’t invest it. But Jesus’ parable isn’t just about financial stewardship; it’s about how we see God. The third servant viewed his master as “a hard man” (Matthew 25:24), someone to be feared rather than trusted. His words reveal the issue of his heart: “Master, I knew that you are a hard man, harvesting where you have not sown and gathering where you have not scattered seed. So I was afraid and went out and hid your gold in the ground.” - Matthew 25:24-25 His fear of failure led him to inaction. Instead of seeing an opportunity, he saw a trap. Instead of seeing generosity, he saw harshness. And because of that, he did nothing. This is the danger of a wrong view of God. When we perceive Him as an unrelenting taskmaster, we shrink back—afraid to fail, hesitant to step out, reluctant to engage with what He has given us. We bury our talents—whether our time, resources, or gifts—assuming He is more interested in punishment than partnership. But Scripture reminds us: “There is no fear in love. But perfect love drives out fear, because fear has to do with punishment.” - 1 John 4:18 Faith and Trust Lead to Fruitfulness In contrast, the first two servants acted in faith. They saw their master as someone worth serving, embracing their responsibility with joy. They took risks, multiplied what they had been given, and were met with their master’s praise: “Well done, good and faithful servant! You have been faithful with a few things; I will put you in charge of many things. Come and share your master’s happiness!” - Matthew 25:21 The master’s reward wasn’t just about productivity—it was an invitation into deeper joy. Their faithfulness wasn’t about money; it was about trust. They trusted their master’s goodness and acted boldly. Many struggle with obedience because they see it as a burden rather than an opportunity. But the faithful servants understood something key: what they had been given actually belonged to their master, and stewarding it well was a privilege. Jesus invites us to partner with Him in His work, not because He needs us, but because He delights in working through us. Paul describes this beautifully: “For we are co-workers in God’s service; you are God’s field, God’s building.” - 1 Corinthians 3:9 We are not slaves cowering under a harsh master—we are co-laborers in His kingdom. When we understand this, our perspective on obedience changes. Giving, serving, and using our gifts for His glory are no longer seen as obligations but as privileges. Living as Faithful Stewards The real tragedy of the third servant is that he never truly knew his master. His false perception led to his inaction, and his master’s response is sobering: “Throw that worthless servant outside, into the darkness, where there will be weeping and gnashing of teeth.” - Matthew 25:30 This warning isn’t just about stewardship—it’s about our hearts. If we live in fear and refuse to trust God, we will miss out on the joy of His kingdom. In fact, I would venture to say that when some meet Jesus, they may not hear, “I never knew you,” but rather, “You never knew Me.” But if we truly know Him, we will step forward in...

Martin Luther once said, “There is no more lovely, friendly, and charming relationship, communion, or company than a good marriage.” A strong marriage is a blessing but requires intentional effort, especially in a blended family. Today, Ron Deal and Greg Pettys join the show to discuss a valuable resource for second marriages. Ron Deal is a bestselling author, licensed marriage & family therapist, podcaster, and popular conference speaker who specializes in marriage enrichment and stepfamily education and is the co-author of The Smart Stepfamily Guide to Financial Planning: Money Management Before and After You Blend a Family. Greg Pettys, CLU, ChFC, CFP, has thirty-four years of specialized experience in securities and life insurance sales and services. He is the co-author of The Smart Stepfamily Guide to Financial Planning: Money Management Before and After You Blend a Family. Understanding the Financial Challenges of Blended Families When two people enter a marriage with previous financial histories, children, and life experiences, their financial situation becomes more complex than that of a first-time marriage. They may bring: Merging finances in a blended family isn’t just about money—it’s about trust, provision, and love. Without clear communication and planning, financial disagreements can create tension, causing stress in the relationship. What Is a Togetherness Agreement? A Togetherness Agreement is a structured approach for blended couples to clarify their financial decisions, ensuring transparency and unity. More than just a financial plan, it is a tool for fostering trust and eliminating fear. It’s not just about bank accounts and investments—it’s about love, respect, and providing well for one another. It brings clarity to emotionally charged financial topics, ensuring that both partners are aligned in their vision for the future. Why Is a Togetherness Agreement Important? 1. It Provides Financial Transparency Many couples enter marriage with financial baggage—whether it's debt, differing views on money management, or past experiences that have led to distrust. A Togetherness Agreement creates a safe space for full financial disclosure. 2. It Helps Prevent Conflict Over Money Money is one of the top stressors in any marriage, but in blended families, the stakes are even higher. The agreement ensures both spouses are on the same page regarding financial expectations and responsibilities. 3. It Protects Children and Future Generations Without a clear plan, assets and inheritance can unintentionally drift away from children from previous marriages. The agreement helps ensure that financial resources are distributed according to the couple’s wishes, not just default legal systems. 4. It Strengthens Marital Trust and Unity A Togetherness Agreement fosters open communication, allowing couples to plan their future confidently rather than fearfully. It shifts financial discussions from potential sources of conflict to proactive, loving conversations. What Should a Togetherness Agreement Include? A Togetherness Agreement can be as formal or informal as a couple chooses. While some opt for a legally binding contract, even a simple written plan can be valuable. Key components may include: Bank Account StructureDebt and Credit ConsiderationsBusiness OwnershipFinancial ResponsibilitiesInheritance and Estate PlanningContingency PlansWhen Should Couples Create a Togetherness Agreement? Ideally, discussions about financial planning should begin before marriage. However, it's never too late to start if you’re already married and haven’t had these conversations. If you’re dating, start the conversation now. If you’re already married, don’t wait—begin today. The Smart Step Family Guide to Financial Planning provides a step-by-step guide to help you navigate these important discussions. A Togetherness Agreement is an essential tool for blended families to navigate finances with wisdom, clarity, and love. By...

"Do not lay up for yourselves treasures on earth, where moth and rust destroy and where thieves break in and steal, but lay up for yourselves treasures in heaven… “ - Matthew 6:19-20 Would you like to rethink your approach to money? Six powerful principles can shift your focus from the temporal to the eternal…and best-selling author Randy Alcorn is here to talk you through them. Randy Alcorn is the founder and director of Eternal Perspective Ministries (EPM) and the New York Times Bestselling author of more than 60 books, including Heaven, Money, Possessions, and Eternity, The Treasure Principle, and Giving Is the Good Life. His books have been translated into over seventy languages and have sold over ten million copies. The Foundation: God Owns Everything When we take our cues from the world, it’s easy to develop a flawed perspective on money. But Romans 12:2 calls us to be transformed by the renewing of our minds. That transformation begins with the first principle: God owns everything, and I am His money manager. This truth alone can radically change how we view our finances. If everything belongs to God, then we are simply stewards of His resources. Just like a financial manager oversees someone else’s wealth, we must ask God what He wants us to do with what He has entrusted to us. Thankfully, He has provided clear guidance in His Word. Imagine borrowing a pencil from someone and then breaking it in half. If the pencil belonged to you, that wouldn’t be a big deal. But if it belonged to someone else, breaking it without permission would be wrong. The same is true with money—when we recognize that all we have belongs to God, it changes how we use it. Our Hearts Follow Our Money The second principle in The Treasure Principle is equally profound: Our heart always goes where we put God’s money. This truth comes directly from Matthew 6:21: “For where your treasure is, there your heart will be also.” Many people believe that their giving will naturally follow their heart’s desires. But Jesus turns that idea upside down: If we want to cultivate a heart for God’s kingdom, we need to start by investing in it. Want to develop a deeper love for missions? Start giving to missionaries. Want to care more about your church? Invest financially in its ministry. Our hearts follow our treasure. Cultivating an Eternal Perspective Another key principle is: Heaven (On Earth) is our home. Hebrews 11:16 tells us that believers are “citizens of a better country, a heavenly one.” Recognizing that this version of the world is not our final destination changes how we use our money. Instead of accumulating wealth here, Jesus calls us to store up treasures in heaven (Matthew 6:20). But what does that mean? It doesn’t mean stockpiling gold and silver in some celestial bank. Instead, our eternal treasures come from investing in God’s work—supporting ministries, spreading the gospel, and using our resources to help those in need. The money we use today to advance God’s kingdom will have eternal significance. Faithful stewardship isn’t about earning salvation—it’s about responding to God’s generosity by using our resources wisely and storing up treasures that will last for eternity. Prosperity with a Purpose Finally, The Treasure Principle reminds us that: God prospers us not to raise our standard of living but to raise our standard of giving. It’s easy to assume that when God blesses us financially, it’s simply for our own benefit. But Scripture calls us to a different mindset. Like a delivery driver who is entrusted with a package to deliver—not to keep—God blesses us so that we can bless others. This doesn’t mean we can’t enjoy God’s blessings, but it does mean that we should view our financial increase as an opportunity to be more generous, not just to accumulate more for ourselves. At the heart of The Treasure Principle is a simple but profound challenge: to see God as our ultimate treasure and money as a tool for His...

“Beware lest you say in your heart, ‘My power and the might of my hand have gotten me this wealth.’ You shall remember the Lord your God, for it is he who gives you power to get wealth…” - Deuteronomy 8:17-18 This passage powerfully reminds us that God owns everything, and we are merely stewards of what He has entrusted to us for a season. Today, Cody Hobelman joins us to discuss how you can establish your first financial finish line. Cody Hobelmann is a Certified Financial Professional (CFP®), a Certified Kingdom Advisor (CKA®), and is the Chief Business Development Officer at Turning Point Financial. He and his brother Kealan founded the Finish Line Pledge and cohost the Finish Line Podcast, where they discuss the intersection of faith, generosity, and personal finance. The Challenge of Prosperity Prosperity presents a significant challenge—perhaps more so than hardship. While we live in one of the most prosperous nations in history, this struggle with abundance is not unique to our time. The book of Deuteronomy mentions how the Israelites stood on the edge of the Promised Land after 40 years in the desert. Moses knew that once they entered the land flowing with milk and honey, they would face a new kind of test—not hunger, disease, or war, but the temptation to rely on their own strength rather than God’s provision. Just as the Israelites needed a reminder that all wealth belongs to God, we, too, need to set guardrails against the deceptive power of wealth. One of the most effective tools for doing this is the concept of a financial finish line. Five Approaches to Giving Before diving into how to set a financial finish line, here are five major approaches to giving: Spontaneous GivingA Giving GoalPercentage GivingIncremental Percentage GivingA Financial Finish LineThe first four methods focus on how much to give, while the financial finish line flips the paradigm. Instead, it asks, “How much do I truly need?” and commits to giving away the excess. Breaking Down the Financial Finish Line So, how do you actually set a financial finish line? Financial stewardship can be broken down into four key categories: Personal SpendingTaxesFuture PlanningKingdom BuildingSince lifestyle spending is the primary determinant of financial behavior, the crucial first step is to cap personal spending. Three Methods to Set a Finish Line Here are three practical approaches to setting your first financial finish line: Maintenance Spending Finish Line Benchmark Spending Finish Linefinishlinepledge.com/calculator Prioritization Spending Finish LineWhichever method you choose, the goal is the same: determine what is “enough” and dedicate the rest to Kingdom impact. This concept is not just for the wealthy. Defining ‘enough’ changes everything; if you never define it, you’ll never reach it. Testing your financial finish line for three to six months. Many who do find it transformative—not just financially, but spiritually. It shifts the mindset from ownership to stewardship, freeing us to see money as a tool for God’s Kingdom rather than a source of security. Next Steps: Where to Begin To get started: finishlinepledge.comCertified Kingdom Advisor (CKA)Setting a financial finish line is a process, not a one-time decision. It’s a faith journey that requires intentionality, wisdom, and a willingness to surrender financial control to God. If you’re ready to take the next step, check out finishlinepledge.com and consider taking the pledge. It may just transform your relationship with money—and with God. Faithful Steward: FaithFi’s New Quarterly Magazine If you’d like to explore this idea further, you can read Cody’s full article, “Setting Your First Finish Line,” in the latest edition of Faithful Steward. You can receive this quarterly magazine and help equip believers with biblical financial wisdom by becoming a FaithFi Partner. With a commitment of $35 a month or $400 annually, you’ll support the mission and ministry of FaithFi....

Many people consider frugality to be a Christian virtue—but is it, really? We often equate frugality with good financial stewardship, but they’re not exactly the same thing. While frugality can be a wise practice, it doesn’t necessarily lead to true peace or biblical financial wisdom. Let’s explore the key differences and signs that frugality might be going too far. What Is Frugality? Frugality is about being careful with resources—spending less than you earn, saving money, and making economical choices. If you or someone in your household is a conscientious penny-pincher, you likely embrace frugality as a lifestyle. Frugality certainly has virtues, such as self-control and patience. Benjamin Franklin’s well-known phrase, “A penny saved is a penny earned,” supports the idea that being financially cautious is a wise practice. At Faith and Finance, we encourage people to: However, biblical financial stewardship is much bigger than frugality. The Biblical Perspective on Stewardship Frugality alone does not guarantee peace—because, from a biblical perspective, we aren’t the owners of our money or possessions. God is. Psalm 24:1 reminds us: “The earth is the Lord’s, and everything in it.” Recognizing Christ’s Lordship over our finances shifts the focus from simply cutting costs to honoring God with our resources. Jesus teaches in Matthew 6:19-21: “Do not lay up for yourselves treasures upon earth, where moth and rust destroy, and where thieves break in and steal. But lay up for yourselves treasures in heaven… for where your treasure is, there will your heart be also.” Frugality can help you save money on earth, but eternal rewards come from a different approach—surrendering your finances to God and using them for His purposes. Frugality is a tool, but it must be used in a way that aligns with faithful stewardship. If pursued for its own sake, it can lead to selfishness, greed, and even pride. Signs That Frugality Has Gone Too Far How do you know when frugality has shifted from wise stewardship to financial foolishness? Here are a few red flags: 1. You Spend Hours Each Week Just to Save a Few Dollars 2. You Go Without Essentials Just to Save Money 3. You Hoard Items Just Because They’re a “Good Deal” 4. You Compromise Safety for the Sake of Saving Money 5. Frugality Feels Like a Competition or an Obligation 6. You Struggle to Be Generous “Do not neglect to do good and to share what you have, for such sacrifices are pleasing to God.”True peace comes not from saving every penny but from trusting in God’s provision and using money for His glory. Finding the Right Balance Every financial habit stems from an underlying mindset. In many cases, extreme frugality results from a lack of balance. Here’s how to restore a healthy perspective on money: Use your time wisely—Prioritize health and well-being—Give generously—Trust God’s provision—As Jesus teaches in Matthew 6:33: “Seek first God’s kingdom and His righteousness, and all these things will be added to you.” When you put God first, true peace isn’t found in penny-pinching but in faithful stewardship and reliance on Him. The Greater Purpose of Stewardship Stewardship isn’t just about spending wisely—it’s about using God’s resources for His purposes. Our finances should reflect His kingdom priorities, not just our desire to save money. Ultimately, financial stewardship isn’t about how much we save—it’s about trusting God, managing resources wisely, and giving generously to advance His Kingdom. If your frugality has become a burden, it’s time to release it to God and find true peace in His provision. On Today’s Program, Rob Answers Listener Questions: Resources Mentioned: Faithful Steward: FaithFi’s New Quarterly MagazineSchwab Intelligent PortfoliosWisdom Over Wealth: 12 Lessons from Ecclesiastes on Money (Pre-Order)Look At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a...

“As iron sharpens iron, so one person sharpens another.” – Proverbs 27:17 Despite living in an era of unprecedented wealth, many individuals and families struggle to meet basic needs like food and shelter. Today, Brian Holtz joins us to discuss a new resource aimed at helping communities in need. Brian Holtz is the CEO of Compass Financial Ministry and the author of Financial Discipleship for Families: Intentionally Raising Faithful Children. A New Focus: Addressing Financial Hardship Navigating financial challenges can be overwhelming, especially for those who struggle to make ends meet. While many financial ministries focus on middle- and upper-income groups, Compass Financial Ministry has taken a bold step to address the needs of those with little to no financial margin. Their latest initiative—Making Ends Meet—is a resource designed to help individuals and families move from financial struggle to stability. Key Takeaways from the Research Many of the financial issues we associate with low-income communities aren’t unique to them. The same challenges exist in middle- and upper-income households—they just look different. What are these key financial challenges? Three primary takeaways from Compass’ research are critical for financial health, regardless of income level. 1. A Simpler Approach to Budgeting Starting a budget is often the most challenging part of managing finances. That’s why this new resource introduces a simplified spending plan: Step 1:Step 2:Step 3: This method isn’t as precise as traditional budgeting, but it’s better to use an imperfect system than a perfect one that you never implement. 2. The Power of an Emergency Fund We all know the importance of emergency savings, but it's even more crucial for those living paycheck to paycheck. Without an emergency fund, individuals often get trapped in a cycle of debt. But with a financial cushion, they can make wise financial choices and avoid unnecessary expenses. 3. The Importance of a Support Network Building a strong financial support system is a crucial yet often overlooked aspect of financial stability, in addition to budgeting and saving. Money is a taboo topic in our society. We’re embarrassed to talk about our struggles, but if we find trusted people to share with before emergencies happen, we create a network we can rely on—and they can rely on us. This network isn’t just for financial help—it also provides emotional support, advice, and practical assistance when life’s unexpected events occur. How You Can Get Involved Financial hardship can feel isolating, but no one has to face it alone. With the right tools, support system, and biblical principles, it is possible to break free from financial struggle and find peace in stewardship. Making Ends Meet is one of the most impactful projects Compass has ever developed. It combines biblical wisdom with practical, step-by-step guidance, helping people transition from struggling to thriving. This resource is perfect for: It’s available in English and Spanish, making it accessible to more communities in need. To learn more, visit Compass Financial Ministry and click on Making Ends Meet. For more financial resources and biblical insights, check out Compass Financial Ministry’s website and start your journey toward financial freedom today. On Today’s Program, Rob Answers Listener Questions: Resources Mentioned: Faithful Steward: FaithFi’s New Quarterly MagazineCompass Financial MinistryMaking Ends Meet (Compass Financial Ministry Video Study and Workbook)Google AuthenticatorAppleGoogle PlayAuthy Christian Credit CounselorsWisdom Over Wealth: 12 Lessons from Ecclesiastes on Money (Pre-Order)Look At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich 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)...

They’re not listed on stock exchanges, yet private market investing opportunities are becoming increasingly popular. So, just what are private markets? Why would you want to consider making them a part of your portfolio? And how would you go about it? Cole Pearson is here today to break it all down for us. Cole Pearson is the President of Investment Solutions at OneAscent, a family of companies seeking to help people align their investments with their Christian values. OneAscent is also an underwriter of Faith & Finance. What Is Private Market Investing? Private market investing involves putting capital into companies that are privately held rather than those listed on public stock exchanges. Unlike investing in publicly traded firms, private market investments focus on businesses that are in earlier stages of development. You might think of the local hardware store or a manufacturing plant in your area—these are privately held businesses. Private market investing tends to focus on rapidly growing for-profit businesses that can serve as powerful economic engines while also having the potential for positive impact. Investors often hear terms like private equity, venture capital, and private credit when discussing private markets. These investments provide opportunities to support growing businesses while diversifying a portfolio beyond publicly traded stocks. Public vs. Private Markets: Which Is Safer? One common concern is that private markets may be riskier than public investments. Public markets are typically considered safer because of regulatory oversight and greater liquidity. However, all investments involve risk—whether public or private. Private markets offer unique advantages that can complement a traditional portfolio. While they may be less accessible and require a longer-term outlook, they also provide exposure to businesses at earlier stages of growth, offering potential for higher returns. Historically, private markets have been dominated by institutional investors and ultra-high-net-worth individuals. Institutions tend to allocate five times more to private markets than the average retail investor. This is largely due to the potential for higher returns, market inefficiencies, and diversification benefits. In the U.S., there are approximately 4,000 publicly traded companies with over $10 million in revenue—but in the private markets, there are 182,000 companies above that threshold. That means there’s a much larger opportunity set available for investment. The Advantages of Private Market Investing Private market investments offer several key benefits: 1. Higher Growth Potential Many public companies started as private, venture-backed firms. Today, these once-private companies make up nearly 77% of market capitalization and contribute 92% of research and development spending. Private investing allows access to these high-growth firms before they go public. 2. Diversification Private investments are less correlated to the stock market, helping investors diversify their portfolios. Their value isn’t directly impacted by daily market fluctuations, reducing exposure to broader economic downturns. 3. Direct Positive Impact Unlike public market investing, where shares are traded between investors, private market investments directly fund businesses. This allows investors to have a greater say in how companies operate and ensure that their investments align with biblical values. One of the most compelling reasons to consider private market investing is the opportunity for faith-based impact. Rapidly growing, for-profit businesses are one of the most powerful engines God has given us to create positive change in the marketplace. Through private investing, believers can support businesses that align with their values—whether that’s ethical business practices, advancing healthcare, or improving infrastructure. Imagine if the leadership of today’s major corporations were faith-driven. By investing in...

You might be surprised to learn that most Americans are satisfied with their healthcare insurance. But the rest are more than a little dissatisfied. A vocal minority of health insurance policyholders are frustrated with their insurers for any number of legitimate reasons. If you’re in this group, you don’t want to miss today’s show. Lauren Gajdek joins us with details about an efficient, affordable alternative to health insurance. Lauren Gajdek is the Vice President of Communications and Media at Christian Healthcare Ministries (CHM), an underwriter of Faith & Finance. Why Are People Frustrated with Traditional Health Insurance? Healthcare is a significant concern for many families, especially as costs continue to rise. Christian Healthcare Ministries (CHM) offers an alternative rooted in faith and community support for those who feel frustrated with traditional health insurance. Some of the most common frustrations they see are: Complicated Policies— Lack of Pricing Transparency— High Deductibles—At CHM, transparency is a priority. Members clearly understand what will be shared, making healthcare costs more predictable and manageable. A recent Kaiser Family Foundation survey found that most Americans rate their health insurance as "good" or even "excellent." However, people generally seem to be pretty happy with their insurance—if they haven’t had to use it. Many individuals benefit from government subsidies or employer-sponsored plans, but satisfaction drops significantly when it comes time to submit claims and navigate the system. The more people engage with their insurance provider, the more dissatisfied they tend to become. How Does Medical Cost Sharing Work? CHM stands apart as an alternative to health insurance. Since their founding in 1981, they have shared nearly $12 billion in medical bills for its members. People are looking for something that aligns with their faith and upholds their values, and that’s where CHM steps in. With over 40 years of experience, CHM provides a trusted solution for Christians who want a healthcare option that reflects their beliefs. Unlike traditional insurance, CHM is a healthcare cost-sharing ministry. Members are considered self-pay, meaning they pay medical providers directly, but CHM shares 100% of qualifying medical bills based on established guidelines. Key features of CHM include: Flexible Program Options— No Network Restrictions— Community of Support—While the concept may initially seem unfamiliar, CHM’s long track record of faithfulness and financial stewardship reassures members that their medical needs will be met. A Faith-Based Healthcare Alternative For many believers, CHM has proven to be a perfect fit, providing financial relief and peace of mind. To learn more about how medical cost-sharing could benefit your family, visit chministries.org/faith. If you’ve felt burdened by the complexities of traditional insurance, CHM may be the blessing you’ve been looking for. On Today’s Program, Rob Answers Listener Questions: Resources Mentioned: Faithful Steward: FaithFi’s New Quarterly MagazineChristian Healthcare Ministries (CHM)Christian Credit CounselorsBankrate.com Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money (Pre-Order)Look At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich 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.

Paying off debt is always a smart financial move—but eliminating it before retirement is one of the best decisions you can make. With more people than ever retiring with debt, financial security in retirement is at risk. Let’s explore why carrying debt into retirement can be problematic and what you can do to avoid it. The latest statistics reveal a concerning trend. According to the Federal Reserve's 2022 Survey of Consumer Finances, 65% of individuals aged 65 to 74 carry debt—a significant increase from 50% when the Fed began tracking this data 35 years ago. Debt in retirement severely limits lifestyle choices and, for many, leads to an unwelcome necessity: returning to work. A study by T. Rowe Price found that 20% of retirees have gone back to work full-time or part-time, and another 7% are actively looking for jobs. The primary reason? They need more income. Inflation has only worsened the situation. Prices today are around 15% higher than they were three years ago, catching many retirees off guard and stretching already tight budgets—especially those burdened with debt. As Proverbs 22:7 warns, “The rich rule over the poor, and the borrower is the slave of the lender.” To avoid financial hardship in retirement, it’s critical to develop a strategy now to eliminate debt. How to Eliminate Debt Before Retirement If you’re 5, 10, or even 15 years away from retirement, now is the time to set a goal of becoming debt-free. A debt-free retirement provides the financial margin necessary to weather economic downturns, stock market fluctuations, and rising costs of living. Here are practical steps to achieve that goal: 1. Reduce Your Expenses A budget overhaul can reveal unnecessary expenses you’re paying out of habit. Cut subscriptions, eat out less, and find ways to live within your means. 2. Increase Your Income Consider taking on a side job, selling unused assets, or even delaying retirement by a few years to maximize savings and accelerate debt repayment. 3. Downsize Your Home One of the most impactful moves is downsizing. If you still have a mortgage, selling your current home and purchasing a smaller one with cash (or a significantly reduced mortgage) can dramatically lower your monthly expenses. Additionally, a smaller home means lower property taxes, utility bills, and maintenance costs. 4. Pay Down Your Mortgage Faster If downsizing isn’t an option, commit to making extra mortgage payments. Even one additional payment per year can shave off several years from your loan and save thousands in interest. Addressing Consumer Debt Credit card debt is another major obstacle in retirement. High-interest rates, which often increase with inflation, make carrying a balance extremely costly. Here’s how to tackle it: Use the Snowball Method: Avoid Using Home Equity: Seek Help If Needed:Christian Credit CounselorsOne thing we’ve never heard at FaithFi? A person calling in to say they regretted paying off their debt. Eliminating debt before retirement ensures financial security and provides more time and resources to serve God’s Kingdom. So, make a plan today. Your future self—and your financial journey—will thank you. On Today’s Program, Rob Answers Listener Questions: Resources Mentioned: Faithful Steward: FaithFi’s New Quarterly MagazineChristian Credit CounselorsWisdom Over Wealth: 12 Lessons from Ecclesiastes on Money (Pre-Order)Look At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich 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.

In Matthew 6:21, Jesus says, “For where your treasure is, there your heart will be also.” That teaching is true for everyone, and yet men and women have different perspectives on money. So how do wise women manage the resources God entrusts to them? Miriam Neff is here to talk about that today. Miriam Neff is the founder of Widow Connection, the author of 11 books, a counselor, a Bible teacher, and a speaker. She supports widows through sewing and bakery projects and is the co-author of Wise Women Managing Money: Expert Advice on Debt, Wealth, Budgeting, and More with her daughter. Her radio features New Beginnings and Starting Over Financially air nationwide. Managing money wisely is a critical skill, and for many women, the responsibility of financial stewardship comes unexpectedly. Whether due to widowhood, divorce, or simply taking on a more active role in household finances, women today oversee 51% of the wealth in the United States, a figure that continues to grow. However, with the right mindset and practical steps, women can confidently manage those resources. Here are eight key habits that wise women adopt to steward their finances well. 1. Acknowledge That All We Have Belongs to God The foundation of wise money management begins with recognizing that everything we have is a gift from God. Whether it's a paycheck, a home, or an investment portfolio, God has entrusted our financial resources to us for stewardship. Some may think of their 401(k) or IRA as ‘theirs,’ but biblically speaking, all of our resources—income, spending habits, even our possessions—belong to God. This means we must steward everything wisely, from the big decisions to the small ones. 2. Take Responsibility for Knowing Your Finances Many women suddenly find themselves responsible for managing their finances after years of leaving it to a spouse or financial professional. Miriam emphasizes that understanding one's financial situation is crucial, whether through spreadsheets, budgeting apps, or simple pen and paper. We cannot make excuses, such as “My parents never taught me this” or “My teenagers demand too much.” We are accountable to God for how we manage our resources. Taking responsibility also means seeking help. Resources like Widow Connection, Faith & Finance, and local church financial ministries provide guidance and support. 3. Create a Spending Plan Based on Income and Values The world encourages spending beyond our means—bigger houses, new cars, and credit card debt. However, wise financial management requires a spending plan that aligns with both our income and values. Cultural messages tell us to spend first and hope our income will catch up. Biblically, we must prioritize contentment and stewardship. A budget is a tool to help us live within our means and honor God. A values-based spending plan includes giving to God first, meeting needs before wants, and saving wisely. 4. Recognize That Every Spending Decision Is a Spiritual Decision Larry Burkett famously said, “Every spending decision is a spiritual decision.” Where we allocate our money reflects our priorities and our hearts. What do you check first thing in the morning—your bank account or social media? If we want to understand our hearts, we should examine our calendars and bank statements. They reveal our true priorities. If our spending habits don’t align with our faith, it’s time to make changes, even if they start small. 5. Eliminate Excuses and Avoid Emotional Spending Excuses can be a major roadblock to financial wisdom. Many justify poor financial decisions with statements like: “My spouse is a big spender.”“My children need expensive gadgets to fit in.”“I was feeling down, so I indulged in some ‘retail therapy.’”Fear and emotions should not drive our financial decisions. The Bible warns about fear-based financial mistakes, as seen in the parable of the servant who buried his talent instead of investing it (Matthew 25). Owning our financial...

The Puritan poet Anne Bradstreet once wrote, “Wisdom without an inheritance is better than an inheritance without wisdom.” These words are just as relevant today as they were in the 17th century, especially as we approach one of the largest wealth transfers in history. It’s estimated that Baby Boomers will pass down as much as $68 trillion to their heirs by 2030. But is the next generation prepared to manage this wealth wisely? Research suggests that many are not. Let’s explore what this historic transfer means, the potential challenges, and how families can prepare. Biblical Wisdom on Wealth and Inheritance Anne Bradstreet was undoubtedly inspired by Ecclesiastes 7:11-12, which says: “Wisdom is good with an inheritance, an advantage to those who see the sun. For the protection of wisdom is like the protection of money, and the advantage of knowledge is that wisdom preserves the life of him who has it.” While passing down financial assets is important, passing down financial wisdom is even more crucial. However, research shows that many Boomers are not equipping their heirs with the knowledge needed to manage this wealth effectively. A recent study by investment giant Edward Jones found that: While these numbers show a strong intention to pass down wealth, the study also revealed some concerning trends: That means millions of Millennials and Gen Z-ers may inherit significant wealth without the financial wisdom needed to steward it well. Experts warn that it is more important than ever for families to discuss wealth transfer and seek professional guidance when necessary. Four Common Approaches to Wealth Transfer Although this is the largest generational wealth transfer in history, not all heirs will receive as much as they might expect. One major reason for this is increasing life expectancy—Boomers are living longer and consuming more of their assets, particularly due to rising healthcare costs. The Edward Jones study identified four main ways wealth is being transferred: 1. Traditional Giving This is the most common method, where parents pass their wealth—cash, stocks, real estate, and other assets—directly to their children. However, conversations are needed to ensure both generations understand the plan. Parents should also be mindful of using enough assets to maintain their own healthy and secure lifestyle in retirement. 2. Giving While Living Rather than waiting until death, some Boomers are helping their children and grandchildren now by: While this can be a blessing, it also raises concerns. Some heirs may wonder if there will be anything left for them later. Early conversations about financial plans can help alleviate these concerns and ensure realistic expectations. 3. Generational Skipping Some Boomers are choosing to pass wealth directly to their grandchildren instead of their children. This may be done to: A surprising one in four respondents in the Edward Jones study believes their grandchildren will be better stewards of wealth than their children. However, skipping a generation in inheritance can strain family relationships. Open communication is key to ensuring no one feels left out or overlooked. 4. No Inheritance Left Some Millennials and Gen Z-ers may find there is little or nothing left for them to inherit. Longer life spans and increasing costs may require Boomers to use up more of their assets in retirement. Financial experts generally recommend retirees withdraw no more than 4% per year from their retirement savings to preserve their assets. However, that may not always be possible, especially with rising medical expenses. How to Prepare for a Successful Wealth Transfer Open and proactive communication is the key to a smooth and responsible wealth transfer. Here are some steps families can take: 1. Have the Conversation Boomers should sit down with their adult children and discuss their financial plans. This conversation should include: 2. Hold a Family Conference One...

Albert Einstein reportedly once said, “The hardest thing in the world is to understand the income tax.” Well, if Einstein thought the U.S. tax code was mysterious, imagine how difficult it is for the rest of us. So, it’s a real blessing that Kevin Cross joins us today with some much-needed tax tips. Kevin Cross is a Certified Public Accountant (CPA) who has headed CPA firms in Florida and now Georgia. He has studied the tax code extensively and specializes in representing taxpayers before the IRS. Key Tax Changes When Filing 2024 Taxes With W-2s and 1099s now in hand, taxpayers are beginning to file their returns. Here are some important updates to keep in mind: 1. Crypto and Stock Reporting is More Sophisticated If you’ve traded stocks or cryptocurrency, be aware that financial institutions are now required to provide more detailed and structured reporting to the IRS. Trying to avoid reporting crypto losses or small transactions? That’s not an option anymore. Even if you had minimal gains or losses, it’s crucial to report them accurately. 2. Gig Workers Need to Track Expenses Carefully More people than ever are working in the gig economy—driving for rideshare services, delivering food, and freelancing. If you received a 1099 and saw a higher-than-expected income total, remember that you can deduct legitimate business expenses. Some key expenses to track include: 3. Home Office Deduction Made Simple For those working from home, the simplified home office deduction remains available. Instead of complex calculations, the IRS offers a straightforward option: you can deduct up to $1,500 based on the square footage of your home used for business. This method, sometimes called the "tax court method," makes claiming a home office deduction much easier. Beware of Tax Scams: A New Threat Emerges Unfortunately, tax season also brings an increase in fraudulent activity. One of the most concerning scams right now involves Merrill Lynch accounts, and it’s catching even savvy investors off guard. The Merrill Lynch Phishing Scam Here’s how it works: This scam is particularly dangerous because it plays off real events, making it feel credible. Tragically, one victim lost $900,000 in savings and was so devastated that he took his own life. How to Protect Yourself Scammers rely on urgency and deception. Here’s how you can stay safe: As you prepare your taxes this year, keep these key points in mind: If you need more tax guidance, you can learn more at KevinCrossCPA.com. Stay safe and file smart this tax season! On Today’s Program, Rob Answers Listener Questions: Resources Mentioned: Faithful Steward: FaithFi’s New Quarterly MagazineChristian Credit CounselorsLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich 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.

It’s often said that wisdom may create wealth, but wealth rarely creates wisdom. What’s more valuable, wisdom or wealth? Before you answer, consider that wealth is fleeting, but wisdom is never lost. John Cortines joins us today to discuss why wisdom over wealth is always the right choice. John Cortines is the Director of Grantmaking at The Maclellan Foundation and previously served as the Chief Operations Officer at Generous Giving. He is the co-author of God and Money: How We Discovered True Riches at Harvard Business School and True Riches: What Jesus Really Said About Money and Your Heart. A Study in Ecclesiastes: Wisdom Over Wealth For the last year, John has been working on an in-depth study for FaithFi titled "Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money." The study is designed to help believers align their financial decisions with biblical principles. At the heart of the study is a profound truth: while wisdom and wealth are both valuable, only wisdom can preserve life. A Tale of Three Siblings: The Power of Wisdom To illustrate Ecclesiastes's message, John shares a real-life story that highlights the stark contrast between wisdom and wealth: Three siblings each inherited $1 million at age 18—a life-changing sum. Yet, their paths diverged dramatically: This story powerfully illustrates that wisdom can generate wealth, but wealth rarely generates wisdom. Why Prioritizing Wisdom Matters Ecclesiastes sheds light on this principle in Ecclesiastes 7:11-12: "Wisdom, like an inheritance, is a good thing and benefits those who see the sun. Wisdom is a shelter as money is a shelter, but the advantage of knowledge is this: wisdom preserves those who have it." John shares three lessons from this passage that we can take from this: While Scripture never condemns wealth, it warns us to prioritize wisdom above financial gain. Thanks to compound interest and investments, wealth tends to grow exponentially throughout life. However, wisdom doesn’t grow automatically—it requires intentional effort. If wealth outpaces wisdom, it creates danger. But when wisdom leads, it preserves our life and financial well-being. This is especially critical during sudden wealth events, such as receiving an inheritance, a bonus, or selling a business. Without wisdom, wealth can disappear quickly. So, if wisdom is more valuable than wealth, how do we pursue it? Wisdom isn’t just a set of principles—it’s a person. 1 Corinthians 1:24 refers to Jesus as: "Christ, the power of God and the wisdom of God." True wisdom begins with knowing Christ. It’s about seeking Him through prayer, studying His Word, and surrounding yourself with godly counsel. Wisdom Before Wealth: A Message for Parents For those preparing to transfer wealth to the next generation, we must prioritize passing down wisdom first. The great wealth transfer is happening all around us, but money without wisdom can be destructive. Parents should talk about finances, generosity, and stewardship long before an inheritance is passed down. Here’s how to transfer wisdom before wealth: The worst approach is to write a will, wait until you pass away, and hope your kids figure it out. Open the conversation today. The Larger Message of Ecclesiastes: Jesus is Our Ultimate Wisdom Throughout the book of Ecclesiastes, there are two major themes: The Shortness of Life Aligning Finances with FaithLife is short. Let’s honor God with our time, talents, and treasure. Wisdom is ultimately found in Jesus Christ. When we align our hearts with Him, our finances, decisions, and entire lives are transformed. Let’s pursue wisdom over wealth, knowing that true riches are found in Christ. As you consider your finances, ask yourself: Money is temporary. Wisdom is eternal. Choose wisely. FaithFi’s Newest Study: Wisdom Over Wealth If you’d like to dive deeper into FaithFi’s new study, Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money is available for pre-order now at...

Why don’t credit cards ever drown? Because they always have a float to keep them afloat! A little humor to start your day, but in reality, credit card float is no laughing matter—it can quietly put you one step behind financially and even lead to unexpected interest charges. Today, Chad Clark joins us to break down what credit card float is and how you can steer clear of its pitfalls. Chad Clark is the Executive Director of FaithFi: Faith & Finance and the co-author of Look at the Sparrows: A 21-Day Devotional on Financial Fear and Anxiety. What Is Credit Card Float? Credit card float refers to the period of time between when you make a purchase with your credit card and when you actually pay for it. Since using a credit card means borrowing money, this float period allows you to delay paying for purchases—often up to 55 days—without incurring interest, as long as you pay your statement balance in full by the due date. Let’s say you purchase a pair of shoes on January 1st, right at the start of your billing cycle. If your statement closes on January 31st, your payment due date might be around February 25th. This means you have up to 55 days from the date of purchase to pay off the expense without interest. At first glance, credit card float sounds like a great deal—after all, you get to borrow money for free for a certain period. However, there’s a hidden risk: you might unknowingly be living one paycheck behind. Here’s why: While this system works as long as you have a steady paycheck, it can become problematic if unexpected expenses arise or your income changes. The Best Way to Avoid Credit Card Float To determine whether you’re unintentionally riding the float, do this quick check: This means if you lost your income tomorrow, you wouldn’t be able to fully pay off what you’ve already spent. To stay financially secure and avoid relying on the float, follow this key principle: Always have enough money in your checking account to fully pay off your credit card balance at any time—not just the statement balance, but the full balance. That way, when your bill arrives, you can pay it without dipping into savings or waiting for your next paycheck. How the FaithFi App Can Help Many people don’t realize they’re caught in the float cycle until it’s too late. That’s where the FaithFi app comes in. FaithFi’s envelope system helps users track their spending and ensure they always have enough money set aside to pay off credit card balances in full. Users can ensure they're never one step behind financially by reconciling credit card envelopes within the app. If you want to stay on top of your spending and break free from the credit card float cycle, check out the FaithFi app at FaithFi.com or download it from your app store today. On Today’s Program, Rob Answers Listener Questions: Resources Mentioned: Faithful Steward: FaithFi’s New Quarterly MagazineChristian Credit CounselorsUnclaimedRetirementBenefits.com (The National Registry of Unclaimed Retirement Benefits)Splitting Heirs: Giving Your Money and Things to Your Children Without Ruining Their Lives by Ron Blue with Jeremy WhiteLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich 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.