Faith & Finance

They say life insurance is like a parachute. If you don’t have it the first time, odds are you won’t need it again. While that’s a funny line, all kidding aside, life insurance is the only way most people can provide for their families if they should die. But what happens when it ends? Term life insurance is often recommended due to its simplicity and affordability. Unlike whole life insurance, it doesn’t combine investing with a death benefit, allowing you to invest separately for better financial returns. But when your term life insurance expires, what should you do? Let’s explore the four options available to you. 1. Let the Policy Lapse When your term life insurance expires, you can choose to let the policy lapse. This option may make sense if you no longer need life insurance. For instance, if your kids are grown, out of the house, and supporting themselves, and your spouse’s income (plus Social Security survivor benefits) can cover their needs, you might find that life insurance is an unnecessary expense. In such cases, you can redirect that money into your retirement savings or other financial goals. 2. Purchase a New Term Policy You may need a new term policy if you still have dependents who rely on your income or if your spouse’s income cannot cover your household expenses. A common recommendation is to aim for a death benefit that’s 10 to 12 times your annual salary. However, be prepared for higher premiums. The cost of a new policy increases with age, so a 50-year-old male could expect to pay around $80 a month for a $500,000 policy—about four times what a 30-year-old would pay for the same coverage. That said, you may need less coverage if the policy is intended only for your spouse, such as a policy that would cover your remaining mortgage balance. Ways to Reduce Premiums: Lower the death benefit:Shorten the term:Pay annually:3. Extend Your Current Policy Another option is to extend your existing term policy. The advantage here is that you won’t need a medical exam or any additional underwriting. However, the cost will likely be higher because the insurer assumes more risk by not evaluating your current health. If you’ve developed a severe medical condition that disqualifies you from purchasing a new policy, extending the current one may be your best option—if you can afford the premiums. 4. Opt for a Simplified or Instant Issue Policy If extending your policy or getting a new one isn’t feasible, you can consider a "simplified term" or "instant issue" policy. These policies don’t require a medical exam, and you can often get approved online. However, there are some trade-offs: Smaller death benefit:Shorter term:Higher premiums:Despite these drawbacks, an instant issue policy could be a blessing if other options are unavailable due to medical conditions or financial constraints. When your term life insurance expires, you have several options, each with pros and cons. Whether you let the policy lapse, buy a new one, extend your existing coverage, or opt for a simplified policy, the best choice depends on your current financial situation and future needs. Evaluate your options carefully to ensure you’re providing for your loved ones in a way that aligns with your budget and long-term goals. On Today’s Program, Rob Answers Listener Questions: Resources Mentioned: Open Hands FinanceList of Faith-Based Investing FundsLook 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.

Student loan forgiveness is much in the news these days. It’s on. It’s off. It’s on again, maybe. What’s the lesson here? The lesson is this: Avoiding student loan debt is much easier than getting out of it. It just takes discipline. We’ll talk about that with Dr. Art Rainer today. Dr. Art Rainer is the founder of the Institute for Christian Financial Health and Christian Money Solutions. He is a regular contributor here at Faith & Finance and the author of “The Money Challenge for Teens: Prepare for College, Run from Debt, and Live Generously.” A Biblical Foundation for College Finances When it comes to preparing for college, it’s important to keep Proverbs 22:7 in mind: “The rich rules over the poor, and the borrower is the slave of the lender.” This verse serves as a crucial reminder that borrowing money, especially for education, can lead to long-term financial burdens. It’s easy to accumulate tens of thousands of dollars in student debt that could take decades to repay. Four Strategies to Minimize College Debt In The Money Challenge for Teens, Dr. Art Rainer outlines four key strategies to help students minimize, or even avoid, college debt: Start Saving Now:Take College-Level or AP Courses Now:Explore Scholarships and Grants:Be Willing to Work While in School:While these strategies require effort and discipline, they’re far easier than paying back $30,000 or $40,000 in student loans after graduation. Avoiding Costly Misconceptions About College Dr. Art Rainer also shares a list of common misconceptions that can lead to unnecessary student debt. Understanding and avoiding these pitfalls can make the college journey much smoother: Misconception #1:Misconception #2:Misconception #3:Misconception #4:Misconception #5:Misconception #6: Putting in the Hard Work Now It’s far better to put in the hard work now—saving, applying for scholarships, and working while in school—than to be burdened with student debt later. By being proactive and informed, students can avoid the financial pitfalls that so many others face. For more insights and resources from Dr. Art Rainer, visit his website at ChristianMoneySolutions.com. If you’re interested in becoming a Certified Christian Financial Counselor (CertCFC), visit ChristianFinancialHealth.com. On Today’s Program, Rob Answers Listener Questions: Resources Mentioned: The Institute For Christian Financial HealthList of Faith-Based Investing FundsLook 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.

“​​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?” - Matthew 6:26 God has promised to provide, and He is ever faithful. Knowing that is one thing; believing and living by it is another. Taylor Standridge and Chad Clark join us today to launch a brand new tool to help you overcome financial fear and anxiety. Taylor Standridge and Chad Clark (along with Carolyn Calupca) are the authors of the new FaithFi devotional “Look At The Sparrows: A 21-Day Devotional on Financial Fear and Anxiety.” Chad Clark is also the Executive Director of FaithFi: Faith & Finance, and Taylor Standridge is the Production Director of FaithFi: Faith & Finance. Why This Devotional is So Important At FaithFi, we're excited to introduce a brand new resource, Look at the Sparrows: A 21-Day Devotional on Financial Fear and Anxiety. This devotional, authored by Taylor Standridge and Chad Clark, with contributions from Carolyn Calupca, addresses one of the most pressing issues many people face today—financial anxiety. This resource is designed to guide you through the challenges of financial fear, helping you find peace and rest in God's promises. Financial anxiety is a struggle that many people face daily. Whether it's on the Faith and Finance radio program, through our app, or in our community, we hear about it all the time. Financial anxiety isn’t just about the numbers in your bank account; it runs much deeper, often affecting us on a spiritual level. This devotional was born out of a desire to help people recognize the root of their financial anxieties and to offer practical, biblical solutions that lead to peace. The Structure of the Devotional The devotional is beautifully structured into seven sections, each containing three devotionals. Each section begins with a portion of Jesus's Sermon on the Mount, and the following devotionals build on that theme. The sections cover topics like "You Can't Serve God and Money," "Don't Be Anxious About Your Life," and "Seek First the Kingdom of God." But this devotional is more than just a daily reading. It invites you to engage deeply with the content. Each day includes a Scripture passage, a devotional reflection, questions for deeper thought, a guided prayer, and a pivotal truth to ponder throughout the day. By the end of the 21 days, you'll have memorized Matthew 6:19-34, grounding you in God's Word as you navigate your financial journey. The Design Behind the Devotional The design of Look at the Sparrows is as thoughtful as its content. We wanted the design to reflect the experience of financial anxiety and the hope that God offers. The black-and-white theme symbolizes the darkness of fear, while a pop of gold represents both worldly treasure and the eternal hope we find in God. This design is intended to draw you into the devotional, helping you to focus on the themes of treasure, trust, and God's provision. Experiencing Peace Through Trust in God One of the key messages of this devotional is learning to trust God with your finances, freeing yourself from the grip of anxiety. We often try to control our financial future, but real peace comes when we trust that God knows our needs better than we do. This devotional encourages you to see God as your ultimate treasure, helping you to release your worries and rest in His provision. How to Get Started We invite you to dive into Look at the Sparrows and experience the transformation that comes from focusing on God's promises. You can learn more about this devotional and get your copy by visiting faithfi.com/sparrows. If you're looking for even more resources and want to support the work we do at FaithFi, consider becoming a monthly partner. As a FaithFi partner, you'll receive devotionals and studies before they're available to the public, plus you'll help sustain our radio program, podcast, website, and app. It's a meaningful way to invest...

All your relationships—with your spouse, family, and friends—are important but temporary. Your only eternal relationship is with God. The bonds of family and friends help us thrive in this world, but they pale in comparison to the significance of our relationship with the Lord. Today, I’ll share some practical ways you can draw closer to God. Connecting Faith and Finances: Why Your Relationship with God Affects Your Money You might wonder, "What does my relationship with God have to do with finances?" After all, this is a blog about money, right? Yes, but it’s also about faith. For Christians, faith and finances are deeply intertwined, and the Bible provides three key principles that connect the dots between the two. Principle 1: God Owns Everything The first principle is foundational: God created everything, and therefore, He owns everything. Colossians 1:16 makes this clear: “For by him all things were created, in heaven and on earth, visible and invisible, whether thrones or dominions or rulers or authorities—all things were created through him and for him.” This means that everything we possess is ultimately God’s, not ours. Principle 2: God Has Entrusted Us with Resources The second principle is that God has given us everything we possess. James 1:17 says: “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.” While God owns everything, He has entrusted us with resources to use temporarily as His stewards. Principle 3: God Desires a Close Relationship with Us The third principle is that God is not distant or detached—He desires a close relationship with each of us. James 4:8 says: “Draw near to God, and he will draw near to you.” We draw near to God by obediently following His Word. With over 2,300 verses about money and possessions in Scripture, God has made it clear that He wants us to manage money according to His principles. The Spiritual Impact of Money Management In Luke 16:11, Jesus indicates that God uses money as a test: “If then you have not been faithful in the unrighteous wealth, who will entrust to you the true riches?” Jesus is saying that how you handle money affects your spiritual life. When you manage it well—according to biblical principles—you naturally grow closer to Christ. But if you don’t, your fellowship with the Lord suffers. Obstacles to Financial Faithfulness Biblical money management is a practical way to improve your spiritual life, but obstacles can get in the way. Two types of disobedience can prevent us from handling money God’s way and growing closer to Him. Passive Disobedience:Active Disobedience:“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.”Finally, there are those who don’t follow biblical financial principles yet believe their relationship with the Lord is just fine. To them, we might say, “What you don’t know will hurt you. What are you missing out on?” If that’s you, commit to the Lord in earnest prayer and follow through by managing your money and possessions according to His principles. Take the Next Step If you’re ready to align your finances with your faith, start by downloading the free FaithFi app. It will help you set up a budget based on the envelope system and provide you with the best Christian financial content to grow closer to God. Commit to following His financial principles for three months and see if your relationship with the Lord becomes more intimate. Aligning your finances with God’s Word is not just about managing money; it’s about deepening your relationship with Christ. By faithfully stewarding the resources God has given you, you’ll experience the true riches of a closer walk with Him. On Today’s Program, Rob Answers Listener Questions: Resources Mentioned: Rich Toward God: A Study on the Parable of the Rich...

You’ve probably heard it said that “anything worth doing is worth doing well.” Today, we’ll find out why working hard at something can pay big dividends—spiritually and financially. The Secret to Success: Discipline in Every Area of Life What does it take to succeed? If you ask any successful person, they’ll likely tell you that success doesn’t happen by accident—it requires hard work, preparation, and the ability to learn from failure. As former U.S. Secretary of State General Colin Powell once said, “There is no secret to success. It is the result of preparation, hard work, and learning from failure.” Success demands more than wishful thinking, whether in finances, job, school, or relationships. It requires action and, most importantly, discipline. The Importance of Discipline Athletes understand this concept well: the more reps you do in the gym or the more miles you run, the better you perform on competition day. The principle of “no pain, no gain” is universally recognized. Similarly, students who study consistently, take good notes, and complete their homework are better prepared to ace their exams. The same is true for your finances. Practicing discipline in saving, spending, and giving significantly increases your chances of achieving your financial goals. On the flip side, neglecting discipline now often leads to the pain of regret later. Hebrews 12:11 puts it this way: “No discipline seems pleasant at the time, but painful. Later on, however, it produces a harvest of righteousness and peace for those who have been trained by it.” Financial Disciplines and Their Benefits The Bible emphasizes the importance of discipline in the life of a Christian, both spiritually and practically. Growing as a disciple of Christ requires more than passive observation; it requires active engagement and discipline. While discipline may be challenging, it can also be a source of great joy. Let’s explore a few examples of financial discipline and its benefits. Consistent Saving:Faithful Giving: Paying Down Debt: Sticking to a Financial Plan:FaithFi appFaithFi.comThe Joy of Discipline Being a good steward of the resources God has entrusted to you requires discipline. While the disciplines of saving, giving, paying off debt, and sticking to a plan may be challenging, they serve a higher purpose. As we read earlier in Hebrews, discipline can be painful, but it also brings joy. Here’s why: Positive Results: Peace in Financial Stewardship:The Joy of Order:Overcoming Setbacks Even with the best intentions, none of us make the right financial choices every time. Whether you overspend your budget or miss a loan payment, it’s not the end of the world. Acknowledge your mistakes, seek help if necessary, submit your plans to the Lord, and get back on track. God has entrusted you with specific resources to manage, and when you exercise discipline with your money—and your spiritual life—you’ll experience a harvest of righteousness and peace. That’s true success in anyone’s book! On Today’s Program, Rob Answers Listener Questions: Resources Mentioned: Wise Women Managing Money: Expert Advice on Debt, Wealth, Budgeting, and More by Miriam Neff and Valerie Neff Hogan, JD. 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.

You’ve saved up your downpayment and found the perfect house to buy. But have you considered closing costs? They’re really the first big expense you’ll have with home ownership. Which can you negotiate, and which are set in stone? The Hidden Costs of Homebuying: What You Need to Know About Closing Costs Buying a home is an exciting milestone, but amidst the thrill of owning your first house, it’s easy to overlook the long list of closing costs that come with it. Many people think that because these costs are often rolled into the mortgage, they don’t need to worry about them. However, understanding and negotiating these costs can save you a significant amount of money in the long run. For a typical mortgage, closing costs usually range between 3% to 6% of the mortgage amount. Let’s break it down with an example. Suppose you borrow $250,000 at 6.5% interest on a 30-year loan. Your monthly payment would be around $1,580. If your closing costs are on the higher end—say $15,000—and you roll them into your mortgage, you’re now borrowing $265,000 instead of $250,000. This increases your monthly payment by $95, leading to an additional cost of over $34,000 over the life of the loan. In short, closing costs matter. Being aware of them and negotiating where possible is crucial. Negotiable Closing Costs Some closing costs come with wiggle room, meaning you can negotiate them down. Here are a few: Homeowners Insurance:Origination Fee:Underwriting Fee:Loan Application Fee:Real Estate Commissions:Title Insurance:Non-Negotiable Closing Costs While some closing costs can be negotiated, others are fixed. These include the appraisal fee, credit check fee, government fees (such as title transfers or recording costs), and property taxes. You should be prepared to pay these costs without expecting any leeway. The Importance of Integrity in Your Mortgage Company With so much money on the line, it's essential to work with a mortgage company that operates with transparency and integrity. Movement Mortgage is a Christian mortgage company founded during the 2008 housing crisis. Its mission is to help homebuyers while glorifying God by positively impacting communities within the U.S. and abroad. Movement Mortgage offers competitive rates and the opportunity to be part of a global movement of change. The company has donated $377 million to community projects both locally and internationally. With locations in all 50 states, Movement Mortgage is a lender you can trust to guide you through the home-buying process with integrity. For more information, you can visit FaithFi.com/Movement. On Today’s Program, Rob Answers Listener Questions: Resources Mentioned: Movement MortgageWill We Be Rewarded for Leaving Money to Christian Ministries in Our Wills? (Article by Randy Alcorn)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.

A recent survey shows that most parents think they should teach their kids financial literacy; the good news is that many are actually doing it. Still, other parents may not know how to teach their kids financial responsibility. Ron Blue joins us today to discuss how he and his wife, Judy, did it. Ron Blue is the co-founder of Kingdom Advisors and the author of many books on biblical finance, including “Your Kids Can Master Their Money: Fun Ways to Help Them Learn How.” The Importance of Financial Education at Home A recent survey by the Bank of Oklahoma Financial reveals that 85% of parents believe they should teach their kids about financial responsibility, with many acknowledging that this should also be a part of school curricula. However, a significant portion of parents, about one-third, feel that schools aren't sufficiently addressing this topic. Encouragingly, 65% of parents are actively teaching their children about money management. Children learn best by observing their parents’ financial habits. The old adage "more is caught than taught" rings true—kids learn to manage money by seeing how their parents handle it. However, teaching financial responsibility has become more challenging with the rise of credit cards and digital transactions. Age-Appropriate Lessons For Children For younger children, Ron Blue and his wife Judy used a simple yet effective method: the envelope system. Starting at age eight, their children received envelopes designated for different purposes: giving, saving, spending, gifts for the family, and clothing. This hands-on approach taught the kids about budgeting, prioritizing, and the importance of giving. As their children entered high school, they introduced them to more advanced financial tools, such as credit cards, while educating them about responsible usage. This early exposure helped their children understand the implications of credit and the importance of managing money in a digital society. Today, parents have even more resources at their disposal. Ron Blue suggests using debit cards and budgeting apps, such as the FaithFi app, to help children manage their finances. By teaching children about money early on, parents can equip them with the skills and wisdom needed to navigate the financial challenges of life. On Today’s Program, Rob Answers Listener Questions: Resources Mentioned: SSA.gov (Social Security Administration)Zillow.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.

“We know that our old self was crucified with him in order that the body of sin might be brought to nothing, so that we would no longer be enslaved to sin.” - Romans 6:6 Being born again in Christ changes a person. We’re given a new nature that fights against our old, corrupt nature. Sometimes, the evidence of this is in the area of finances. Straight ahead—a journey to faithful stewardship. Bobby’s Testimony It's always a great privilege to connect with people, answer their financial questions, and offer help whenever possible. Recently, we spoke with Bobby from Nebraska, whose story is a powerful testament to the transformative power of faith and determination. Bobby was in a tough spot. He had accumulated significant debt, including a car repossession, delinquent medical and credit card debt, and unpaid overdraft loans sent to collections. But despite his financial struggles, Bobby was committed to turning his life around. When asked if anything had changed in his life since accumulating that debt, Bobby shared his story. In his own words, Bobby explained, “Back then, I was big into partying and addicted to drugs. I sold drugs and went to prison for it. Well, now I'm clean and sober. I don't do any of that anymore. I actually have money in my bank account. September 10th, 2021, was the biggest start of it. That’s when I gave my life to Jesus Christ. And now I'm just trying to get everything back in line and where it needs to be.” Hearing how Bobby’s life has changed since inviting Christ in as his Savior was truly inspiring. His commitment to sobriety and financial stewardship is a powerful example of God’s redemptive power. Steps Toward Financial Freedom A few weeks ago, we advised Bobby to take several steps to get his finances in order. First, we recommended that he pull copies of his credit reports from Experian, Equifax, and TransUnion to identify all his debts. Then, we suggested he contact Christian Credit Counselors to help manage his credit card debt through a debt management plan, which would consolidate his payments and help him pay off his debt faster. We also offered to connect Bobby with one of our Certified Christian Financial Counselors (CertCFC) at no charge. This counselor would work with him one-on-one to develop a budget and create a plan for paying off his old debts. Finally, we took a moment to pray with Bobby, thanking God for His miraculous intervention and the gift of eternal life that Bobby had received. Biblical Principles Guiding Bobby's Transformation Bobby’s journey highlights several biblical principles that are now guiding his life: The Body as a Temple:Humility:“The reward for humility and fear of the Lord is riches and honor and life.”Honesty:Repaying Debts:“The wicked borrows but does not pay back, but the righteous is generous and gives.”Stewardship:“It is required of stewards that they be found faithful.”We were grateful to help Bobby on his journey to faithful stewardship, and we want to extend that same help to you. If you’re struggling with your finances, need help creating a budget, or want to develop a plan to pay down debt and start saving, please reach out to us. We’re here to help you take the next step toward financial freedom and faithful stewardship. Bobby’s story is a powerful reminder that with God’s help, it’s never too late to turn your life around and get back on track. If you’re ready to take that step, we’re here to walk alongside you. 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.

18th Century preacher John Wesley said, "Do all the good you can, by all the means you can, in all the ways you can, in all the places you can, at all the times you can, to all the people you can, as long as ever you can." That’s how Christians can respond to God's generous and faithful love. Specifically, Jesus called his followers to do good to the poor, and we’ll talk about what that looks like for us. The Biblical Foundation for Giving Generosity towards the needy is a central tenet of Christian living. Jesus emphasized the importance of loving our neighbors as ourselves, and one of the most tangible ways to do this is by helping those in need. Acts of kindness, empathy, and compassion are not just suggestions—they are essential expressions of our faith. In Luke 12:32-34, Jesus tells His disciples: “Do not be afraid, little flock, for your Father has been pleased to give you the kingdom. Sell your possessions and give to the poor. Provide purses for yourselves that will not wear out, a treasure in heaven that will never fail, where no thief comes near and no moth destroys. For where your treasure is, there your heart will be also.” This passage clearly shows that God expects us to be generous givers. However, generosity doesn’t stand in opposition to good stewardship. In fact, biblical stewardship involves surrendering everything to God, acknowledging that all we have belongs to Him. God calls us to be generous with the resources He has entrusted to us, and He promises to provide for our needs as we do so. John Wesley’s encouragement to “do all the good we can by all the means we can” aligns perfectly with this biblical principle. Reflecting God’s Character Through Giving C.S. Lewis once remarked, “I am afraid the only safe rule is to give more than we can spare.” This highlights the idea that our commitment to generosity should be wholehearted. Opportunities to help the poor will always be available, as Deuteronomy 15:11 reminds us: “the poor will never cease to be in the land.” The Bible encourages us to take these opportunities, whether the needy are fellow believers, those outside the faith, or even our enemies. In biblical times, generosity was more than just giving money; it also meant showing mercy and compassion. This teaches us that practicing righteousness through generosity reflects God’s character and His concern for all people. Proverbs 14:31 emphasizes this connection: “The one who oppresses a poor man insults his maker, but he who is generous to the needy honors him.” Helping the poor is a reflection of God’s character. The Bible describes God as compassionate, gracious, and merciful and calls us to embody these attributes. Psalm 82:3-4 instructs us to "Defend the weak and the fatherless; uphold the cause of the poor and the oppressed. Rescue the weak and the needy; deliver them from the hand of the wicked." Through our generosity, we demonstrate God’s love and justice to the world. The Complexity of Poverty Alleviation However, helping the poor isn’t always straightforward. A common dilemma is how to assist without enabling dependency or perpetuating poverty. The Chalmers Center points out that poverty is not just a lack of material resources; it’s a complex issue involving broken relationships with God, self, others, and creation. Effective poverty alleviation must address these spiritual, relational, and material aspects. To avoid harmful giving, they recommend: Understanding the full complexity of poverty allows Christians to help in ways that promote dignity, sustainability, and genuine transformation. For those interested in learning more about how to alleviate poverty effectively, consider reading “When Helping Hurts: How To Alleviate Poverty Without Hurting The Poor…and Yourself” and exploring the work of The Chalmers Center. Their research provides valuable insights into this important issue. Ultimately, Christians give generously and compassionately to the poor because we love...

Owning rental property is like ordering a pizza with anchovies. It’s not for everybody. There’s no question that renting a property can be a lucrative investment, but it’s certainly not a passive investment like owning stock. Owning rental property is attractive for many, but it’s not a perfect fit for everyone. Just like not everyone enjoys anchovies, not everyone has the temperament or resources to be a landlord. Before diving into property management, it’s essential to understand the benefits and challenges of it. Let's explore these aspects to help you decide if being a landlord is right for you. The Pros of Owning Rental Property 1. Income Stream The primary allure of owning rental property is the potential for rental income. If managed well, a rental property can provide a steady cash flow. However, if you have a mortgage on the property, it’s crucial that your rental income covers your mortgage payments and other expenses to avoid a negative cash flow. 2. Property Appreciation Real estate typically appreciates over time, meaning your rental property will likely increase in value. This can result in a substantial profit when you decide to sell. However, it’s important to remember that capital gains taxes may apply to this profit. 3. Tax Benefits The IRS offers several tax deductions for rental property owners. You can deduct expenses such as insurance, mortgage interest, and maintenance costs. Additionally, you can claim depreciation, though this will lower your cost basis and may increase capital gains taxes when you sell the property. 4. Personal Use of Property If you own a rental property in a desirable location, like a beach house, you can use it for personal vacations up to 14 days a year (or 10% of the days you rent it out) and still deduct your expenses. 5. Renting Out Part of Your Home You don’t necessarily need to own a separate rental property. Renting out a portion of your own home, like a garage or basement, allows you to earn rental income and deduct a portion of your mortgage interest and other related expenses. The Cons of Being a Landlord 1. High Initial Costs If you don’t already own a property, buying one to rent can require a significant upfront investment. This often means taking on a mortgage, which you’ll need to cover through rental income. Ensuring that your rental income exceeds your expenses is crucial. 2. Lack of Liquidity Unlike money in a checking account, which is highly liquid, funds tied up in real estate are not easily accessible. Selling a property takes time and may not always be an option when you need quick cash. 3. Uncontrollable Costs Owning property means dealing with ongoing expenses like taxes and insurance, which can increase over time. Additionally, external factors, such as a decline in the neighborhood, can make it harder to rent out your property or affect its value. 4. Tenant Challenges Tenants can be unpredictable. Some may pay rent late or cause damage to the property beyond what a security deposit covers. Even with good tenants, there’s always the need to keep the property in good repair, which can involve unexpected maintenance calls at inconvenient times. 5. The Reality of Being a Landlord Managing a rental property requires time, effort, and a firm hand. Being a landlord can be challenging, from finding and vetting tenants to handling late payments or evictions. If these responsibilities sound overwhelming to you, consider hiring a property management company, which typically takes about 10% of your rental income. Seeking Wisdom in Your Decision Deciding whether to become a landlord is a significant decision that requires careful consideration. It’s important not to make this decision alone. Involve God in your decision-making process. James 1:5 encourages us: “If any of you lacks wisdom, let him ask God, who gives generously to all without reproach, and it will be given him.” Seek His guidance in prayer as you contemplate this big step,...

More stress doesn’t always equal a higher salary, and if you bring home the stress along with the salary, is it really worth it? If that describes you, maybe it’s time to re-think the purpose of your work. Some statistics claim that 54% of American employees are happy with their jobs, while others claim that 83% are suffering from work-related stress. A Different Question: Why Are You Working? Whether the statistics are accurate or not, stress is a pervasive issue, and work is often a significant contributor. The question arises: What should you do if work-related pressure overwhelms you? Quit? Change careers? Or just grit your teeth and keep pushing through? As believers in Christ, it's essential to step back and ask a fundamental question: Why are we working in the first place? Our desire to do productive, meaningful work is woven into our very DNA. When God created Adam and Eve, He immediately gave them work to do—naming the animals and tending the garden. However, sin has twisted work, and it’s no longer always the fulfilling task God intended. Now, work can be a source of frustration and even illness. Colossians 3:23-24 offers the key to finding purpose and contentment in our jobs: “Whatever you do, work at it with all your heart, as working for the Lord, not for men, since you know that you will receive an inheritance from the Lord as a reward. It is the Lord Christ you are serving.” This scripture reminds us that no matter what job we do, we are ultimately serving God. When we shift our perspective from working for ourselves or even our employers to working for Jesus, our work gains deeper meaning and satisfaction. The Proverbs 31 Woman: A Model of Noble Work Ethic For a practical example of someone who worked as unto the Lord, we can look to the woman described in Proverbs 31. Though we don’t know her name, her virtue and work ethic are clearly outlined, and her actions are worth emulating. Eager Hands:Provision for Family:Skillful Expertise:Vigorous Effort:Generosity:Wisdom and Teaching:Avoiding Idleness:Most importantly, the Proverbs 31 woman’s actions are driven by her reverence for the Lord: “A woman who fears the Lord is to be praised.” Her success and fulfillment in work are rooted in her desire to serve God. Trusting God with Your Work As you navigate the stress and challenges of your job, remember the wisdom of Proverbs 3:5-6: “Trust in the Lord with all your heart and lean not on your own understanding. In all your ways acknowledge him, and he will make your paths straight.” By trusting in God and focusing on serving Him through our work, we can find the strength and guidance needed to overcome job stress and fulfill our true purpose. Work may sometimes feel overwhelming, but when we keep our focus on serving God, we can approach our tasks with diligence, wisdom, and generosity. Let’s strive to work as unto the Lord, knowing that He will provide the strength and direction we need to fulfill our calling. On Today’s Program, Rob Answers Listener Questions: Resources Mentioned: SavingForCollege.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.

Thanks to insurance, we don’t very often have bank, savings and loans, or credit union “runs” anymore. Aaron Caid is with us today to discuss how that came about. Aaron Caid is the Chief Marketing Officer at Christian Community Credit Union, an underwriter of Faith & Finance. The Role of FDIC in Banking Stability When we think about bank runs, we often think of the Great Depression. Thankfully, such events are rare today, primarily due to the Federal Deposit Insurance Corporation (FDIC) 's creation through the Banking Act of 1933. The FDIC now insures bank deposits up to $250,000 per customer, providing peace of mind for depositors across the United States. But what about other financial institutions like savings and loans (also known as thrifts) and credit unions? Most of these institutions are also insured by the FDIC, while many credit unions are insured by the National Credit Union Administration (NCUA), established in 1970. Like the FDIC, the NCUA insures deposits up to $250,000 per customer (or tax ID). Private Deposit Insurance: A Closer Look Interestingly, some credit unions opt for private insurance rather than federal insurance. Christian Community Credit Union is insured by American Share Insurance (ASI), a private insurer celebrating its 50th anniversary. ASI covers deposits up to $250,000 per account, offering a unique advantage over federal insurance, which insures per tax ID. No holder of an ASI-insured account has ever lost a dime, a testament to its reliability. One of the main reasons CCCU members chose private insurance is the flexibility it provides, particularly in lending to churches and ministries—an essential aspect of CCCU’s mission. Additionally, ASI requires its member credit unions to maintain a 30% higher deposit ratio, ensuring greater resources and liquidity during challenging times. For those who might be hesitant about private deposit insurance, consider the fact that your home is likely insured by a private company, not the federal government. Private insurance companies have been around much longer than federal insurance corporations, with the first private insurers dating back to 1732. Why Choose Christian Community Credit Union? There are several compelling reasons to consider banking with CCCU: Conservative Biblical Stewardship:Strong Financial Stability:Christian Values and Giving:Top-Notch Financial Products:For those interested in learning more about Christian Community Credit Union, Aaron encourages you to visit JoinChristianCommunity.com. Discover how you can benefit from a credit union that prioritizes safety, stability, and a commitment to Christian values. On Today’s Program, Rob Answers Listener Questions: Resources Mentioned: Christian 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.

1 John 2:15 contains a command and a warning for Christians: “Do not love the world or the things in the world. If anyone loves the world, the love of the Father is not in him.” You have a choice—to be worldly or Kingdom-minded with your finances. But beware—God’s way is definitely counter-cultural. What Does Your Money Say About Your Values? In today’s world, many people are inclined to fit in, follow the crowd, and keep up with the Joneses. But as Christians, we are called to live by a different set of values—values that often stand in stark contrast to the norms of society. This counter-cultural way of thinking was exemplified by Jesus throughout His ministry and applies to every aspect of our lives, including how we handle money. The critical question we must ask ourselves is this: Do our actions and attitudes around money reflect the world’s values or God’s? To explore this, let’s imagine a simple exercise. Picture a piece of paper divided down the middle. On one side, we list the world’s messages about money and possessions; on the other, we record what God’s Word says about these same issues. The differences are like night and day. Worldly Messages vs. God’s Truth Worldly Message: God’s Truth: Worldly Message: God’s Truth: Worldly Message: God’s Truth: Worldly Message: God’s Truth: Worldly Message: God’s Truth: Worldly Message: God’s Truth: Worldly Message: God’s Truth:The Clash of Worldviews The divide between secular and Christian worldviews is vast, especially when it comes to money. One of the most significant clashes is over the love of money. The world might say it’s acceptable, even for Christians, to love money. But Jesus makes it clear that it’s impossible to serve both God and money simultaneously (Matthew 6:24). As Christians, we’re meant to stand out because we serve a different Lord. James 4:4 reminds us that “friendship with the world is enmity with God.” But does this mean we should isolate ourselves from the world? Not at all. Jesus showed us a different way to live—serving others, loving deeply, and challenging cultural norms about relationships and possessions. He was a revolutionary, not just in His time but for all time. As His followers, we’re called to do the same: replace greed with generosity, exchange disrespect for love, and be counter-cultural in how we give our time, care, and resources. Your Financial Choices Matter Your financial decisions are more than just personal—they’re a reflection of your heart and an example to others. When you handle money with honesty, faithfulness, and generosity, people notice, and the blessings that follow are evident. The apostle Peter calls us “sojourners and exiles” (1 Peter 2:11) because this world is not our ultimate home. Yet, while we’re here, we have a mission: to love and serve others in a way that stands out, giving glory to God. In our financial choices and in all aspects of our lives, let’s choose to live differently, as Christ did. 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.

The world is becoming more complex every day. Technology solves problems and creates new ones. How do you keep up? Among so many other things today, maybe you’ve noticed that managing your finances is increasingly complicated and involves more than balancing a checkbook. Sharon Epps joins us today with some much-needed advice—the 5 Ds of a Financial Reset. 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. 1. Define Your Financial Vision The first step in a financial reset is to Define your standard of living. This goes beyond just wanting financial health; it’s about understanding your deeper motivations. What is your “why”? The Bible reminds us in John 10:10 that Jesus came so that we might have life and have it abundantly. This abundant life isn’t about wealth but about living a life full of peace and purpose. Define what that means for you and let it guide your financial decisions. 2. Declutter Your Life and Finances Next, it’s time to Declutter—and not just your finances but your physical space as well. Spend a weekend going through your home, room by room, asking yourself if each item is still useful. If you haven’t used something in the last year, consider selling it or giving it away. Decluttering your home can go a long way toward decluttering your life, making space for what truly matters. 3. Delay Impulse Purchases The third step is to Delay your impulse purchases. Create a list of things you want to buy and note the date next to each item. Commit to waiting 30 days before making any purchase. More often than not, you’ll find that you didn’t really need or want the item after all. This simple habit can help you make more intentional spending decisions. 4. Detect Spending Habits The fourth “D” is Detect. For 30 days, track all your spending and review your expenses. With today’s technology, this process is easier than ever since most of us rarely use cash. You can quickly review your bank and credit card statements online. As you do this, ask yourself what you would change. The FaithFi app is a great tool for this. It allows you to combine all your accounts in one place and helps you and your spouse stay on the same page regarding your finances. 5. Decide on Your Spending and Giving Plans Finally, it’s time to Decide on your financial future. Overhaul your budget, check your priorities, and decide where your money will go. Make “giving” an essential part of your budget. Consider where you can cut expenses to be more generous, whether to your church or a ministry you’re passionate about. This step is about re-establishing your priorities and returning to the basics—financially and spiritually. The “5 Ds of a Financial Reset” offers a practical and spiritual approach to managing your finances in today’s complex world. By defining your financial vision, decluttering your life, delaying impulse purchases, detecting spending habits, and deciding on your budget, you can regain control of your finances and realign them with your spiritual values. Remember, tools like the FaithFi app can make this process even easier, helping you stay organized and focused on what truly matters. On Today’s Program, Rob Answers Listener Questions: Resources Mentioned: Understanding Reverse: Simplifying the Reverse Mortgage by Dan HultquistMovement.com/FaithBankrate.comUnclaimedRetirementBenefits.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.

From hats in the hall closet…to bats in the belfry, we can help you save money on the basics. Today, we’ll offer you a few common-sense strategies for saving money on three basic necessities: clothing, utilities, and home maintenance. Saving on Clothing When it comes to clothing, it’s easy to get tempted by sales or the latest trends. This is especially true if you have kids, especially teenagers, with rapidly changing sizes and opinions on what’s “cool.” But keeping your family’s wardrobe sharp doesn’t have to break the bank. Shop Thrift Stores: Consignment Stores:Re-think Your Wardrobe: Cutting Down on Utility Bills Utilities are another area where costs can quickly add up, but there are several ways to save. Energy-Efficient Appliances:LED Lighting:Utility Rebates:Simple Habits: Smart Home Maintenance Regular maintenance is crucial to avoid costly repairs if you own a home. Here are some tips to keep your home in good shape: HVAC Maintenance:Seal Air Leaks:Roof and Attic Checks:By taking simple, proactive steps in clothing, utilities, and home maintenance, you can manage your money more effectively and keep your expenses under control. These practical tips are designed to help you save more while still maintaining a comfortable and stylish lifestyle. On Today’s Program, Rob Answers Listener Questions: Resources Mentioned: Wise Women Managing Money: Expert Advice on Debt, Wealth, Budgeting, and More by Miriam Neff and Valerie Neff Hogan, JD. \Bankrate.comRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions 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.

Psychologist and educator Fitzhugh Dodson wrote, “Without goals and plans to reach them, you are like a ship that has set sail with no destination.” Of course, goals don’t amount to much unless you have a plan to reach them. That planning should involve more than building your net worth. Ron Anderson joins us today to discuss life planning— what is it, how to do it, and why you should. Ron Anderson is the Founder & President of Plan A Wealth Management in Lincoln, Nebraska. What Is Life Planning? Life planning goes beyond setting financial goals; it’s about discovering and fulfilling your purpose. It involves asking yourself why you want to be financially successful and what you will do to accomplish your bigger goals in life. It’s about making a difference and living out the reason God put you on this planet. The core of life planning is about introspection and alignment with God’s purpose for your life. We were all created on purpose for a purpose, and life planning helps us ask the tough questions to design a life that truly matters. It ensures that your goals are in line with God’s plan for you, helping you avoid the pitfall of pursuing the world's definition of success while missing out on the unique contribution you are meant to make. The Role of a Financial Planner in Life Planning A financial planner can be instrumental in helping you navigate your life planning journey. They can assist in determining how much you need to live the life God is calling you to. This includes helping you set a reasonable lifestyle, preparing for God’s nudges, and ensuring that you are ready to say "yes" when He calls. A planner can also help you clarify your goals, understand how major life events fit into your vision, and identify opportunities to make the most meaningful impact. Scripture provides a strong foundation for life planning. Ephesians 5:15-17 urges us to live wisely, making the most of every opportunity and understanding the will of the Lord: “Be very careful, then, how you live—not as unwise but as wise, making the most of every opportunity, because the days are evil. Therefore do not be foolish, but understand what the Lord’s will is.” Ephesians 2:10 also reminds us that we are God’s masterpiece, created to do the good things He planned for us long ago. This is why it’s so vital to live purposefully and intentionally, aligning our lives with God’s plans. If you're interested in exploring life planning further, you can visit PlanAWM.com, where you can schedule an appointment and speak with a member of their team. On Today’s Program, Rob Answers Listener Questions: Resources Mentioned: Plan A Wealth ManagementRich 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.

Most of today’s renters say they’d like to buy a home, but a clear majority think they’ll never be able to afford it. It’s certainly gotten more difficult to buy a house these days, with soaring home values and interest rates. But certainly not impossible—especially if you’re prepared. Renting Is Not Throwing Money Away One of the most common myths in the housing market is that renting is equivalent to throwing money down the drain. However, this perspective is misguided. Renting provides a home for you and your family, which is a valuable use of money. Moreover, renting buys you time—a precious resource. This time can be used to save up for a larger down payment, research neighborhoods, and make a well-informed decision when the time to buy finally comes. When considering whether to rent or buy, it’s important to compare the upfront costs associated with each option. Renting typically requires you to pay the first month’s rent and a security deposit, which can be a substantial amount of cash. On the other hand, buying a home requires a down payment and closing costs. If you don’t have 20% saved for a down payment, you’ll also need to factor in the cost of private mortgage insurance (PMI). Using a “rent versus buy” calculator can help you determine which option is more financially viable for your situation. In some cases, renting may be cheaper on a monthly basis, especially when you consider that it can take 5 to 7 years to recoup the closing costs of buying a home. Considering the Current Market Conditions Another critical factor to consider is the current state of the housing market. Home values and interest rates are high right now, but there are signals from the Federal Reserve that interest rate cuts could be on the horizon. Additionally, while home prices remain high, the rate of increase is slowing, with more sellers lowering their asking prices. Waiting could pay off if you’re not in a rush to buy. It’s essential to look at your monthly budget when deciding whether to rent or buy. Determine what your monthly mortgage payment would be for the type of home you want and compare it to the rents in your area. If your total housing payment exceeds 25% of your take-home pay, you might find it challenging to stay on budget, making renting a more practical choice for now. The Emotional Side: Satisfaction vs. Flexibility Buying a home can bring a sense of satisfaction and the freedom to personalize your living space. However, homeownership also comes with the stress of maintenance and repairs. Renting, on the other hand, offers flexibility and less stress. You don’t have to worry about unexpected repair costs, and you may even have the satisfaction of saving money each month. For some, shared ownership could be a viable option. Multi-generational homeownership is on the rise, allowing families to afford more living space and amenities together than they could separately. This arrangement isn’t for everyone, but it’s worth considering, especially as more adult children are living at home. Seeking God’s Guidance As you navigate the decision of whether to rent or buy, remember the wisdom of Proverbs 2:6, “For the Lord gives wisdom; from his mouth come knowledge and understanding.” Pray for discernment, and trust that God will guide you to the right decision at the right time. As Psalm 37:7 advises: “Be still before the Lord and wait patiently for him.” By seeking God’s guidance, you can make a decision that aligns with His will for your life. On Today’s Program, Rob Answers Listener Questions: Resources Mentioned: Rent vs. Buy CalculatorIRS.govPrice Cuts Abound as Home Sellers See Inventory Piling Up (June 2024 Market Report - Zillow)All in the Family: Multi-Generational Home Buying (Article from National Association of Realtors)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...

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

“Let each of you look not only to his own interests, but also to the interests of others.” - Philippians 2:4 We tend to think of that verse as a prescription for giving to help the poor and needy and that’s good. But is there an application that involves investing? Stella Tai joins us today to talk about how your investing can have a positive impact in the world. Stella Tai is Manager of Stewardship Investing Impact and Analysis for Praxis Mutual Funds®, an underwriter of Faith & Finance. Why Should People of Faith Focus on Impact Investing? Impact investing is an investment approach that goes beyond the traditional goal of making a profit. It’s a way to use investment dollars to promote social and environmental good in the world through carefully selected investment portfolios. Impact investing holds particular significance for people of faith because it aligns with the scriptural mandate to use our gifts, talents, and possessions for good. Faith provides a moral compass, guiding investors to avoid investments that harm society while promoting strategies that address pressing global issues, such as healthcare, education, and environmental stewardship. People of faith have a rich history of pioneering this type of investing, drawing inspiration from groups like the Quakers and Catholic orders that have been practicing values-aligned investing for decades. Integrating Faith-Based Impact into Investment Portfolios For individuals or institutions looking to incorporate faith-based impact into their investment portfolios, here is some practical advice to get started: Articulate Values:Align Current Portfolios:Utilize Available Tools:These steps help investors begin the journey of integrating impact into their investments, whether in traditional markets or philanthropy. If you’d like to learn more information about Praxis Mutual Funds, you can visit praxismutualfunds.com. On Today’s Program, Rob Answers Listener Questions: Resources Mentioned: Praxis Mutual FundsBankrate.comRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions 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.

“For we are his workmanship, created in Christ Jesus for good works, which God prepared beforehand, that we should walk in them.” - Ephesians 2:10 Our good works are not for our sake but for God’s sake, to give Him glory. Investing gives us a powerful way to do that. Today, we’ll talk with Dr. Finny Kuruvilla about investing to change the world. Dr. Finny Kuruvilla is the Co-Chief Investment Officer and Founding Member of Eventide Asset Management, an underwriter of Faith & Finance. He holds an MD from Harvard Medical School, a PhD in Chemistry and Chemical Biology from Harvard University, a master’s degree in Electrical Engineering and Computer Science from MIT, and a bachelor’s degree from Caltech in Chemistry. The Purpose of Investing Investing has always been about supplying capital to businesses. This concept originated in the 1400s and 1500s with the rise of corporations, particularly those financing maritime trade. Investing primarily aims to fund companies to help them do good work. However, this purpose can be perverted to support businesses that go against God's design for humanity. Hence, it's crucial to remember that investing should always aim to fund ethical companies. Investing as Ownership When you invest, you become a part-owner of a company, which carries an ethical responsibility. Like owning a small business, you are accountable for the actions of the companies you invest in. This ownership confers a duty to ensure these businesses align with your values and promote good. Integrity in Investing Romans 12:9 states, "Let love be without hypocrisy. Abhor what is evil; cling to what is good." This principle applies to investing as well. To maintain integrity, you should avoid profiting from industries that contradict your values, such as pornography or tobacco. Instead, invest in businesses that advance the common good, like those making significant strides in healthcare and biotechnology. For example, advances in treatments for leukemia have dramatically increased children's survival rates, thanks to innovative companies in the healthcare sector. These companies exemplify how investment capital can drive significant positive outcomes. Performance and Outperformance Investing in businesses that promote the common good can lead to long-term outperformance. Studies, like those referenced in Fred Reichheld's "Winning on Purpose" and Alex Edmans' "Grow the Pie," show that companies adding value to their stakeholders often outperform their peers. This approach aligns with the biblical principle of loving your neighbor and can result in superior long-term returns. Eventide's Approach Eventide uses a framework called Business 360 to evaluate how companies interact with various stakeholders, including customers, employees, and the community. By focusing on companies excelling in value creation, Eventide aims to identify businesses aligned with promoting the global common good and likely to outperform over the long term. The future is bright for Faith-Based Investing because of the growing awareness in faith-based and secular circles that investing inherently involves ethical considerations. This awareness will lead to more opportunities to use investment dollars constructively, promoting values that align with a vision for a better world. Investing with integrity means aligning your investments with your values and ethical responsibilities. As Christians, this involves avoiding industries that contradict biblical principles and supporting those that advance the common good. Doing so can achieve both financial returns and a positive global impact. To learn more about this approach to investing, visit Eventide Funds. On Today’s Program, Rob Answers Listener Questions: Resources Mentioned: Eventide Asset ManagementWinning on Purpose: The Unbeatable Strategy of Loving Customers by Fred ReichheldGrow the Pie: How Great Companies Deliver Both Purpose and Profit by Alex EdmansRich Toward God: A Study...