More Than Money Episode 101 | The 8 Money Milestones
Jul 6, 2022
33:28
After a conversation with a financial counseling client, Art realized he needed to talk more about the 8 Money Milestones. In this episode Art walks through your guide to financial health for the sake of living generously.
Notes:
8 Money Milestones
Milestone 1: Start giving.
Milestone 2: Save $1,500 for a minor emergency.
Milestone 3: Max out your 401(k) or 403(b) match.
Milestone 4: Pay off all debt except your mortgage.
Milestone 5: Save 3 to 6 months of living expenses for a job-loss emergency.
Milestone 6: Put 15% of your gross income to retirement.
Milestone 7: Save for college or pay off your mortgage.
Milestone 8: Live generously.
Money Challenge:
Determine where you are. Which Money Milestone are you on? Take a look at the Milestones to determine which ones you have completed and which one is your next financial goal.
Resources mentioned:
10 Small Ways to be Generous This Summer | Read here: https://www.artrainer.com/post/10-small-ways-to-be-generous-this-summer
Episode Sponsor:
Most churches struggle to get people to give. SecureGive has created a system that helps churches increase giving so their ministry is funded to reach their community. SecureGive helps churches increase giving in 3 ways: software that makes giving easy, a custom growth strategy, and ongoing stewardship resources. They stand out by offering a real ministry partnership, the most cost-effective solution with the lowest processing rates, and the most comprehensive giving platform available. Use the code 'RAINER20' to get 20% off your first year! Learn more here: https://www.securegive.com/
Notes:
8 Money Milestones
Milestone 1: Start giving.
Milestone 2: Save $1,500 for a minor emergency.
Milestone 3: Max out your 401(k) or 403(b) match.
Milestone 4: Pay off all debt except your mortgage.
Milestone 5: Save 3 to 6 months of living expenses for a job-loss emergency.
Milestone 6: Put 15% of your gross income to retirement.
Milestone 7: Save for college or pay off your mortgage.
Milestone 8: Live generously.
Money Challenge:
Determine where you are. Which Money Milestone are you on? Take a look at the Milestones to determine which ones you have completed and which one is your next financial goal.
Resources mentioned:
10 Small Ways to be Generous This Summer | Read here: https://www.artrainer.com/post/10-small-ways-to-be-generous-this-summer
Episode Sponsor:
Most churches struggle to get people to give. SecureGive has created a system that helps churches increase giving so their ministry is funded to reach their community. SecureGive helps churches increase giving in 3 ways: software that makes giving easy, a custom growth strategy, and ongoing stewardship resources. They stand out by offering a real ministry partnership, the most cost-effective solution with the lowest processing rates, and the most comprehensive giving platform available. Use the code 'RAINER20' to get 20% off your first year! Learn more here: https://www.securegive.com/