Faith & Finance

"Prepare your work outside; get everything ready for yourself in the field, and after that build your house." - Proverbs 24:27That verse underscores the need for planning and execution, key elements for long-term financial success. Matt Bell joins us today to discuss how to put planning and execution to work for you.Matt Bell is the Managing Editor at Sound Mind Investing, an underwriter of Faith & Finance. The Importance of a Financial PlanLife tends to happen to us while we’re making other plans. Unfortunately, for many people, life happens without any financial planning at all. Millions of individuals fail to establish a clear strategy for managing their money, and even those who attempt to plan often struggle to stay on track.Without a plan, it's easy to drift financially, reacting to circumstances rather than proactively building a stable financial future. The impact of financial planning—and, more importantly, execution—can be profound.A 2011 study analyzed data from over 1,200 individuals aged 50 and older, examining their approach to financial planning and its effect on their retirement net worth. The study categorized participants into four groups based on their level of planning and follow-through:Non-Planners: More than two-thirds of those studied had not done any financial planning despite being close to retirement. Many had not even researched what to expect from Social Security. Simple Planners: This group at least considered their future financial needs and made basic calculations about saving for retirement. However, only about half of them created a tangible financial plan. Serious Planners: These individuals sought financial information and even paid for professional planning advice. However, like the previous group, about half failed to implement their plans. Successful Planners: The final group—only about 20% of those studied—both created and consistently followed a financial plan over many years.Even Small Steps Can Make a Big DifferenceOne encouraging takeaway from this study is that every step toward better planning leads to improved financial outcomes. Even moving from the “non-planner” to the “simple planner” category doubled or tripled net worth at retirement. Advancing to the “serious planner” level added another 25% to 35% in wealth accumulation.This demonstrates that financial planning isn’t an all-or-nothing proposition. Even taking small steps—like estimating future financial needs or using basic retirement calculators—can lead to significant benefits.Proverbs 21:5 reminds us, “The plans of the diligent lead to profit.” This timeless wisdom underscores the necessity of both planning and execution.If you haven’t started the planning process yet, or if you have a plan but aren’t consistently following it, research shows there’s substantial value in getting back on track. Tools like Sound Mind Investing’s MoneyGuide, or even free online retirement calculators, can be a great way to start.Long-term financial success doesn’t happen by accident—it requires both a solid plan and the discipline to follow through. Every step forward matters, whether you’re just beginning your financial journey or looking to refine your existing plan.For more insights, you can read the full article, “Planning and Execution: The Keys to Long-Term Financial Success,” at SoundMindInvesting.org.On Today’s Program, Rob Answers Listener Questions:I have a 401(k) contributing 8%, but my company stopped matching and moved to a pension system. Should I roll over my 401(k) to a Roth or annuity? The balance is around $32,000.I know we need to be generous with our money, and I want to do the same with God's money. So, I was looking into donating to St. Jude's Hospital and my local church. Is it possible to do both, or should I double down and donate all of it to my local church?I have an HSA and had to start Medicare 7.5 years ago. I read I can retroactively take out the Medicare Part B premiums I've paid from my HSA over those 7.5 years. Is that correct?My wife is 62, and we wanted to know if she should start taking Social Security now. We don't need the money for income; we would just invest 100% of it. We're not sure what the drawbacks would be.I'm 64 years old and have significant money in IRA CDs. I considered slowly withdrawing the money every year to increase my liquid assets. I understand that the money goes toward my annual income, but I wanted to know if there is another way to lessen the taxes I have to pay.Resources Mentioned:Faithful Steward: FaithFi’s New Quarterly PublicationSound Mind Investing | MoneyGuidePlanning and Execution: The Keys to Long-Term Financial Success (Article from Sound Mind Investing)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 every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

If you’re worried about your financial future, struggling to figure out how to pay for college, or feeling the pinch at the grocery store, you’re not alone. Financial challenges can make joy seem out of reach, but as Christians, we are called to face difficulties with a heart at peace.When financial worries—or struggles of any kind—overwhelm us, God’s Word offers wisdom and reassurance. Here are three biblical principles to hold onto in difficult times:Hardships are opportunities to grow in your faith.Joy and peace are not dependent on your circumstances.Your struggles have a purpose.Hardships Can Strengthen Your FaithThe book of James opens with a powerful challenge:"Consider it pure joy…whenever you face trials of many kinds, because you know that the testing of your faith develops perseverance." – James 1:2-3At first glance, this perspective on financial struggles might seem counterintuitive. Why would we consider trials to be beneficial? James isn’t saying that we should enjoy hardship itself but that through trials, God is shaping us into the people He wants us to be.James was writing to believers far from home, discouraged, and facing persecution—challenges far greater than most of us experience. Yet he reassured them:“The testing of your faith develops perseverance, and perseverance must finish its work so you may be mature and complete, not lacking anything.” – James 1:3-4Like muscles that grow stronger through resistance and tearing down before being rebuilt, our faith is strengthened through trials. Financial difficulties can either weaken our faith or push us closer to God, deepening our trust in His provision.Joy and Peace Are Not Dependent on CircumstancesFinancial struggles are a part of life, but joy is an attitude that looks beyond the pain and frustration of the moment. Nehemiah 8:10 reminds us:"The joy of the Lord is our strength."This joy isn’t based on how much money is in our bank account or whether our financial future is secure. Instead, it comes from knowing that our true security is in Christ.Similarly, peace isn’t dependent on our financial situation. True peace is found in the assurance that nothing can separate us from God’s love:“Neither height nor depth, nor anything else in all creation, will be able to separate us from the love of God that is in Christ Jesus our Lord.” – Romans 8:39This is the kind of peace that Philippians 4:7 describes as “surpassing all understanding.” It doesn’t make sense from a worldly perspective, but it is real and available to us when we place our trust in God rather than our financial stability.Does God Want Me to Be Happy?A common question people ask during financial hardship is, “Doesn’t God want me to be happy?” The assumption is that if God is loving, He would protect us from circumstances that cause discomfort or pain. However, this is a misunderstanding of God's character.God is not a cosmic Santa Claus who gives us everything we want to make life easy. Instead, He offers us something far greater—Himself. He created us for a relationship with Him, and true fulfillment is found when He is our greatest treasure.“Now if we are children, then we are heirs—heirs of God and co-heirs with Christ, if indeed we share in his sufferings in order that we may also share in his glory.” – Romans 8:17Happiness is fleeting, tied to external circumstances like economic trends, financial stability, and shifting emotions. But joy in Christ is constant, anchored in God's unchanging character. We can navigate any financial challenge with peace because He is always good, just, and loving.Your Struggles Have a PurposeNo trial is without meaning. God may allow financial struggles for several reasons:To strengthen our faith and deepen our dependence on Him. To reveal His love and provision as we trust Him. To redirect us when we’ve drifted off course.Romans 8:28 gives us a powerful promise:“And we know that in all things God works for the good of those who love him, who have been called according to his purpose.”Even in financial hardships, God is at work. He is refining us, drawing us closer to Him, and shaping us into the people He created us to be.Understanding these biblical truths can transform the way we approach financial challenges. When we recognize that hardships grow our faith, that joy and peace come from God rather than our circumstances, and that our struggles have a purpose, we can face uncertain times with confidence.No matter what financial difficulty you are facing today, remember this: God is with you, working all things together for your good. Trust in Him, and He will lead you to true joy and peace.On Today’s Program, Rob Answers Listener Questions:I'm helping a friend with about $4,000 in payday loan debt. Can Christian Credit Counselors help him get out of this debt?I'm 70 and approaching retirement. A well-known investment firm, Fisher, has offered to manage my IRA. I've always self-managed it and am a bit conservative. They say they can nearly double my 18% return, but I'm concerned about losing control. What's your advice?Resources Mentioned:Faithful Steward: FaithFi’s New Quarterly PublicationThe Treasure Principle, Revised and Updated: Unlocking the Secret of Joyful Giving by Randy AlcornChristian 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 every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

“Let each one of you love his wife as himself, and let the wife see that she respects her husband.” - Ephesians 5:33Love and respect are often conveyed in the words that spouses choose to communicate. Those words can have a big impact on the marriage relationship. Kathleen Edelman joins us to discuss choosing the right words for your spouse.Kathleen Edelman is the author of “I Said This, You Heard That: How Your Wiring Colors Your Communication.” She is certified in biblical studies and Christian Counseling Psychology and has spent over thirty years coaching clients in communication.The Key to Healthy Communication in MarriageCommunication styles are the key to understanding one another. There's a big gray area between what we say and what our spouse hears. Each temperament speaks its own language, and we must apply it to become fluent in our spouse’s language.Many marital conflicts appear to be about money, parenting, or household responsibilities, but at their core, they stem from miscommunication. Recognizing that your spouse’s temperament affects how they express and receive information is the first step toward reducing misunderstandings.One of the biggest communication pitfalls is assumption—assuming that your spouse speaks and understands your language. That’s not true. We each speak our own language and must become fluent in our spouse’s language.Another common trap is operating out of our weaknesses rather than our strengths. Ask yourself: “What part did I play in this miscommunication?”“How can I choose differently to stay in my strengths?”Most miscommunication is not intentional, she emphasizes. Rather, it’s a result of speaking different emotional and verbal languages.The Power of Words: Choosing to Build Up, Not Tear DownEphesians 4:29 reminds us:"Do not let any unwholesome talk come out of your mouths, but only what is helpful for building others up according to their needs, that it may benefit those who listen."Our words hold incredible power. They can either build up or tear down our spouse. Learning to communicate in a way that blesses rather than wounds is a game changer in marriage.Listening is a critical skill in communication, and there are three key practices for improving it:The Power of the Pause—Before responding, take a moment to reflect. Instead of reacting to what was said, focus on why it was said. Listening to Understand—Rather than formulating your response while your spouse is talking, actively listen to grasp their perspective. Responding, Not Reacting—Choose words carefully, ensuring they are constructive rather than defensive.We should desire that every word that comes out of our mouths be a gift to the person we speak to.Of course, it’s also crucial to remember that communication is more than words—it includes body language, tone, and facial expressions. Our temperament even affects how we express ourselves nonverbally. Everything you do is motivated by the design God gave you. Understanding how our spouse interprets our nonverbal cues can help avoid unnecessary misunderstandings.Understanding Temperaments in MarriageA significant takeaway from Kathleen’s work is the importance of understanding temperaments—both our own and our spouse’s. Kathleen’s book includes an inventory to help couples identify their temperament, which can be a game changer in communication.Each temperament has specific needs that shape how they engage in communication:Yellows (Sanguine)—Need fun, people, and spontaneity. They may struggle with feeling restricted.Reds (Choleric)—Need goals, control, and results. They want to be part of decision-making.Blues (Melancholic)—Need security and order. They may be hesitant to spend money without planning.Greens (Phlegmatic)—Need balance and peace. They want to avoid conflict and seek compromise.When couples recognize these differences, it fosters empathy and prevents unnecessary frustration.Money is a significant source of marital conflict, but these disagreements often stem from temperament differences more than financial realities.Yellows love generosity but also crave financial security. They may struggle with balancing saving and spontaneous giving.Reds want financial goals and a clear plan for achieving them.Blues prioritize security and tend to be more cautious with money.Greens seek balance and prefer avoiding financial stress.Understanding why your spouse approaches money how they do can foster mutual respect and teamwork. Instead of seeing their perspective as frustrating, you can recognize it as their God-given design.Keeping Communication Strong Over the YearsAs years pass, spouses may drift apart if they stop investing in communication. That’s why couples are encouraged to stay in dating mode:Remember why you fell in love. Remember when you were dating—you put your best of yourself forward. Keep doing that. Look for the best in your spouse. Instead of focusing on their weaknesses, celebrate their strengths. Avoid complacency. Once you become content, weaknesses start to show up. Then, instead of appreciating differences, you try to change your spouse.When couples continue dating and choose to love each other through words and deeds, their marriages stay strong.The ultimate goal is authenticity—becoming exactly who God designed you to be while learning to love your spouse for who they are. When you reach authenticity, you’re free. You’re not trying to be someone else or change your spouse. You’re showing up as yourself, using words that honor God.The Bible contains over 120 verses about words, making it clear how we communicate matters. When we build up rather than tear down, we strengthen our marriage, our family, and our faith.By understanding how God designed us, learning to listen, and choosing words that build up, we can create marriages filled with grace, love, and true understanding.If you want to transform your marriage through better communication, consider picking up a copy of Kathleen’s book, I Said This, You Heard That: How Your Wiring Colors Your Communication.On Today’s Program, Rob Answers Listener Questions:We have the opportunity to buy a home from my friend's father for $300,000, which is listed at $350,000. My husband is 65, and I'm 60—should we even consider this?Resources Mentioned:Faithful Steward: FaithFi’s New Quarterly MagazineI Said This, You Heard That: How Your Wiring Colors Your Communication by Kathleen EdelmanLook 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 every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

With financial fraud on the rise, protecting your personal and banking information has never been more important. A recent JD Power study found that nearly 29% of bank account holders experienced fraud in some form over a 12-month period.To help us navigate the best security practices, Aaron Caid shares expert advice on how to safeguard your accounts from cybercriminals.Aaron Caid is the Chief Marketing Officer at Christian Community Credit Union, an underwriter of Faith & Finance. 1. Strengthen Your Password SecurityA strong, unique password is your first line of defense against fraud. Here’s how to create one that’s tough to crack:Use a mix of uppercase and lowercase letters, numbers, and special characters.Avoid using common words or easily guessed phrases (e.g., "password123" or your birthdate).Consider using a password manager to generate and securely store complex passwords.In addition to a strong password, enable two-factor authentication (2FA) for your financial apps. This extra layer of security requires a one-time passcode (usually sent via text or an authentication app) to verify your identity when logging in or completing transactions.Pro Tip: Turn off text message previews on your phone. If a scammer steals your phone, they could see your passcode on your lock screen and gain access to your accounts.2. Monitor Your Accounts & Stay Alert for FraudVigilance is key when it comes to detecting fraudulent activity early.Regularly check your bank accounts for unauthorized transactions.Review your credit reports through the three major bureaus—Equifax, Experian, and TransUnion—by visiting AnnualCreditReport.com.Sign up for transaction alerts from your bank or credit union to get notified of suspicious activity.Fraudsters also use phishing scams—fake emails, texts, or calls—to trick people into giving away personal information. These scams often create a sense of urgency to pressure you into acting quickly.Never share your:Username or passwordOne-time passcodesAccount or personal information over the phone, email, chat, or textHackers can spoof phone numbers and email addresses to make messages appear legitimate, even impersonating banks and credit unions. If you’re ever unsure, call your financial institution directly to verify any suspicious messages.3. Use Secure Wi-Fi & Protect Your Personal InformationWe all love a good coffee shop work session, but public Wi-Fi networks are a big security risk when accessing sensitive financial accounts. Hackers can intercept your data and steal your login credentials.Always use a secure, password-protected Wi-Fi network when banking online.Use a Virtual Private Network (VPN) for added encryption and security.Also, ensure you don’t let identity thieves find your personal information in the trash!Shred documents containing sensitive details like account numbers, social security numbers, or other financial information. Shredders cost as little as $35—a small price to pay for big security.Stay Secure & Bank with PurposeAs fraud prevention becomes increasingly important, many Christians are seeking banking solutions that align with their values. Christian Community Credit Union (CCCU) offers a Harvest Bundle—a unique checking and savings account designed to help members grow their savings while supporting missions worldwide.4% APY on the first $5,000 in Harvest Checking5% APY on the first $5,000 in Harvest Savings1.5% cash back on purchases with the Cash Rewards Visa CardA portion of proceeds supports missions, including gospel outreach, protecting vulnerable children, and fighting human trafficking. For those looking to align their banking with their faith, the Harvest Bundle from CCCU offers competitive rates and kingdom impact—a win-win for wise financial stewardship.If you're looking for a banking partner that reflects your faith and values, consider joining Christian Community Credit Union (CCCU).Ready to bank with purpose? Visit JoinChristianCommunity.com today!On Today’s Program, Rob Answers Listener Questions:Can you provide a list of the faith-based investments that I can invest in? I'm trying to invest differently with my 401(k) funds.  I have an old work comp claim that was incorrectly billed, causing Medicare to deny payment. What happened, and how can I prevent this in the future? Also, if I submit a claim to the work comp company and they only pay a portion, am I responsible for the remaining balance? I own a free-and-clear home in Davenport. There is no mortgage anymore, and I would like to transfer 50% of ownership to a family member. Would I have to pay any taxes, or would my family members have to pay them because of this transfer? I'm retired, receiving $70,000 annually from disability and SSDI. I have $50,000 in a TSP account and $9,000 in debt that I'm paying off. I'm currently renting for $1,500 per month. Should I use my VA loan to purchase a home or just continue renting? I have a Roth IRA that I formed from a 403(b) annuity a couple of years ago. I'm 73 and will be 74 in a couple of months. At what point does the RMD apply to my Roth? Also, I'm retired and have Social Security and a retirement pension. I occasionally make profits from a book I publish and workshops I do. Can I make contributions to my Roth from those profits?Resources Mentioned:Faithful Steward: FaithFi’s New Quarterly MagazineList of Faith-Based Investing FundsCenters for Medicare & Medicaid Services (CMS.gov)AnnualCreditReport.comLook 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 every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

"So give back to Caesar what is Caesar’s, and to God what is God’s." - Matthew 22:21This statement from Jesus is one of the most profound and thought-provoking verses in the New Testament. While it is often quoted in discussions about paying taxes, it carries far deeper implications. What does this passage truly mean for us as Christ-followers today? Let’s explore its historical context and the spiritual truths that challenge us to live with a kingdom perspective.The Trap Set for JesusThe words of Jesus in Matthew 22:21 came during a tense confrontation between Him and the Pharisees. They sought to trap Him with a politically charged question:"Is it lawful to pay taxes to Caesar or not?"At that time, Israel was under Roman rule, and paying taxes to the emperor was a sore subject among the Jewish people. Saying “yes” would alienate Him from His Jewish followers, who resented Roman oppression. Saying “no” would paint Him as a revolutionary in the eyes of the Roman authorities.But instead of falling into their trap, Jesus turned the question back on them. He asked for a denarius—a Roman coin bearing Caesar’s image—and posed a question of His own:"Whose likeness and inscription is this?"When they answered, “Caesar’s,” Jesus delivered His famous response:"Give back to Caesar what is Caesar’s, and to God what is God’s."On a surface level, Jesus affirmed that people should fulfill their civic duties, including paying taxes. The coin bore Caesar’s image, signifying that it belonged to the government. By saying, “Render unto Caesar what is Caesar’s,” Jesus acknowledged the legitimacy of human authority.This teaching aligns with what the Apostle Paul later wrote in Romans 13:1-7, where he urged believers to submit to governing authorities, recognizing them as instruments of God’s order. Paying taxes, respecting laws, and contributing to society are responsibilities of every Christian.Yet, Jesus did not stop with Caesar—He introduced a deeper spiritual truth.What Belongs to God?Jesus followed His statement: "Render unto God what is God’s.” This raises an important question: What belongs to God?To answer this, we must look at Genesis 1:27, which tells us that humanity is made in the image of God (Imago Dei). Just as the denarius bore Caesar’s image and belonged to him, we bear God’s image—meaning our entire lives belong to Him.This truth calls us to complete surrender. While we owe taxes, respect, and obedience to earthly authorities, our ultimate allegiance is to God. He doesn’t just claim a portion of our income—He claims our hearts, minds, souls, and strength.Many people compartmentalize their lives, separating the "secular" from the "sacred." Work, finances, and citizenship belong to the earthly realm, while prayer, worship, and church belong to God. But Jesus’ teaching destroys this false divide.If everything belongs to God, then every aspect of our lives—including our work, relationships, finances, and civic responsibilities—should be offered to Him as an act of worship.By pointing to the coin’s image, Jesus subtly challenges us:Whose image do we bear? To whom do we belong? Where does our primary allegiance lie?This is not just a lesson about paying taxes—it’s about our identity and purpose in God’s kingdom.Jesus' words also highlight the temporary nature of earthly governments compared to God's eternal reign. Rome’s empire, like every human government, would eventually fall. But God’s kingdom is everlasting.This is why Scripture reminds us:"Our citizenship is in heaven, and we eagerly await a Savior from there, the Lord Jesus Christ." - Philippians 3:20"Do not store up for yourselves treasures on earth...but store up for yourselves treasures in heaven." - Matthew 6:19-20While we must live responsibly within earthly systems, we do so with the understanding that our true home is in God’s unshakable kingdom.Faithful Stewards in Both Realms"Render unto Caesar what is Caesar’s" is a call to faithful stewardship both in earthly and heavenly matters. As followers of Christ, we are called to:Honor our civic responsibilities (pay taxes, obey laws, engage in society). Live with eternity in mind (prioritizing God's kingdom above all else). Offer our whole lives to God (because we bear His image and belong to Him).As 1 Peter 2:9 reminds us, we are "a chosen people, a royal priesthood, a holy nation, God’s special possession." This identity should shape every decision we make, including how we manage our finances, serve others, and navigate our role in the world.Ultimately, Jesus' response was not just a clever answer to a political trap but a profound statement of divine truth.While we live in this world, we are not of it (John 17:16). Our ultimate purpose is not to accumulate wealth, power, or influence in earthly systems but to live in a way that reflects God's glory.So, as you navigate financial decisions, work responsibilities, and civic duties, ask yourself:Am I honoring God with everything I have? Am I living as a faithful steward of both my earthly and heavenly citizenship? Am I prioritizing the eternal over the temporary?By faithfully rendering what is due to Caesar and God, we live as true citizens of heaven, bearing witness to His sovereignty and grace in a world that desperately needs Him.On Today’s Program, Rob Answers Listener Questions:I'm on a limited budget, paying for school, and my husband covers more of the bills. We've been asked to give small gifts at work, like $10 for the boss, and contribute to other occasions. But these little gifts have added up, and I've spent over $200 in the last month. I don't have the budget for this. Is it wrong or unchristian of me not to want to give? Should I have a different mindset or tell my co-workers I don't have the budget for this?I'm 57, and my wife and I are debt-free. We want to start a business together, but I'm unsure if it's too risky at my age. Am I ever too old to start a new venture? What process should I consider, and should I set it up as an LLC or sole proprietorship?Resources Mentioned:Faithful Steward: FaithFi’s New Quarterly PublicationLook 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 every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The real estate market may be in its winter slump, but spring is just around the corner—only five weeks away!Higher interest rates have kept many home buyers and sellers off the sidelines in recent years. But could a change be on the horizon? Today, mortgage expert Dale Vermillion joins us with a market forecast and some practical advice on how to move forward.Dale Vermillion is the author of Navigating the Mortgage Maze: The Simple Truth About Financing Your Home. This book covers everything you need to know about securing a mortgage—all from a biblical perspective.Is the Housing Market About to Shift?For the past few years, many homeowners have stayed put due to high interest rates, a phenomenon known as the lock-in effect. However, recent data suggests a shift might be on the horizon.Existing home sales rose by 6.1% in November 2024, signaling a potential increase in market activity. While December and January are traditionally slow, spring is expected to bring renewed momentum as buyers become more eager to move. Consumer confidence is growing, and as patience wears thin, many are deciding to buy now and refinance later.Should Buyers Accept Current Interest Rates?Many potential buyers have been waiting for rates to drop before making a move. But sometimes, waiting is no longer an option. Life goes on, and people need to relocate for jobs, family, or other personal reasons.That said, budgeting wisely is key. Before purchasing a home, we recommend:Assessing what you can truly afford Creating a solid budget to plan for mortgage payments Considering the long-term potential to refinance in a few yearsWhile mortgage rates remain higher than the record lows of a few years ago, waiting indefinitely for the “perfect” rate may mean missing out on opportunities.What to Expect From Interest Rates in 2025Many homebuyers have been banking on rate cuts to ease affordability, but will they actually happen?Only one or two rate cuts are expected in 2025, and even those are not guaranteed. The biggest factor influencing mortgage rates is inflation, which is tied to federal deficit control. Unlike previous periods of low mortgage rates, the government is unlikely to buy trillions in mortgage-backed securities to artificially lower rates.Bottom line: Mortgage rates are likely to stay between 6% and 7% for most of 2025, with a slight possibility of dipping into the high 5% range.Navigating the 2025 Housing MarketWhether you’re looking to buy or sell, market conditions are changing, and understanding them is crucial.For Sellers:Home values are flattening or declining in some areas. In Q3 of 2024, annual real estate appreciation dropped to 2.5% (an average of $5,700 per home), starkly contrasting with Q2’s 8% growth ($25,000 per home). If you’re considering selling, now may be the best time to maximize your home’s value before the market shifts further.For Buyers:Affordability should be your top priority. Home price appreciation may slow down in 2025, making it a good time to enter the market without facing rapid price hikes. While interest rates remain elevated, they will eventually decline, giving buyers a future opportunity to refinance. Homeownership still offers significant tax benefits, making it a worthwhile long-term investment.Mortgage Trends: What’s Changed?If it’s been a while since you’ve looked into getting a mortgage, you may be surprised by the range of options now available.New mortgage products cater to diverse financial situations. Credit challenges? There are more flexible loan options than before. Need down payment assistance? Programs exist to help qualified buyers.The housing market is shifting, and while interest rates may not drop dramatically, buyers and sellers alike have opportunities in 2025. For those needing to move, careful planning and budgeting will be essential. And for sellers, this could be a good time to capitalize on home values before potential declines.No matter your situation, making an informed, strategic decision is key, and consulting professionals can confidently help you navigate the mortgage landscape.For more expert insights on financing your home, check out The Mortgage Maze: The Simple Truth About Financing Your Home by Dale Vermillion.On Today’s Program, Rob Answers Listener Questions:I'm 37, with a family of five. I've been building a home on the property I bought three years ago, using cash so far. I have the funds for the roof this year, but I need to take out a loan or wait three more years to pay cash for the rest. Should I take out a loan to finish it sooner or wait and pay cash?I'm 56 and about to take early retirement with a $1,400 monthly pension. Then, I'll return to work in the private sector, making more. I have a 6% mortgage and a 7% HELOC. Should I invest or use the pension money to pay down my debts?I'm 76 years old and just finished a messy divorce. I have about $200,000 to invest, but I don't have a house, car payments, or significant debt. What should I do with this money?My husband and I are 54 and 57 years old. In 2019, we had $200,000 in savings, but due to COVID-19 and life circumstances, we've depleted all our savings and retirement accounts. We now earn only $65,000 combined. How do we start over and rebuild our finances?Resources Mentioned:Faithful Steward: FaithFi’s New Quarterly PublicationNavigating the Mortgage Maze: The Simple Truth About Financing Your HomeLook 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 every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

One book of the Bible reminds us that life is short and we should make the most of every moment.If you guessed Ecclesiastes, you’re right. This book emphasizes that our time here is fleeting, but what lies beyond is eternal. In this post, we’ll explore this profound truth and introduce a new FaithFi study on the book of Ecclesiastes—Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money.The Shortness of LifeImagine standing on the summit of Mount Everest, over 29,000 feet above sea level. At that moment, you are higher than every other person on the planet. But as breathtaking as the view may be, you can’t stay there long.At 26,000 feet, climbers enter the “death zone,” where oxygen is too thin to sustain human life. Even the most well-trained mountaineers must rely on oxygen tanks just to survive the final push to the peak. And when they reach the top, they have just five minutes—300 precious seconds—before they must begin their descent or risk never making it back.How do you think a climber should spend those five minutes? Complaining about an aching ankle? Wishing they hadn’t endured the brutal climb? Or should they take in the view, praise God for the beauty of creation, and appreciate the rare opportunity they’ve been given?Five Minutes On The SummitEcclesiastes teaches us that life is like having five minutes on the summit.We’re here for a short time. Many have come before us, and many will come after. Some moments in life are filled with sunshine and calm, while others bring fierce storms. But regardless of our circumstances, we have one brief chance to live and no do-overs.The book of Ecclesiastes repeatedly urges us to embrace this reality. Solomon, the author, reminds us that all earthly pursuits—wealth, pleasure, status—are ultimately fleeting. But rather than making us despair, this truth should inspire us to live with gratitude and purpose.Facing the Reality of Death to Find Joy in LifeEcclesiastes does not shy away from the topic of death. In fact, it is mentioned in 11 out of its 12 chapters. Solomon writes:"Remember also your Creator in the days of your youth, before the evil days come and the years draw near of which you will say, ‘I have no pleasure in them’… before the silver cord is snapped, or the golden bowl is broken, or the pitcher is shattered at the fountain, or the wheel broken at the cistern, and the dust returns to the earth as it was, and the spirit returns to God who gave it. Vanity of vanities, says the Preacher; all is vanity.” (Ecclesiastes 12:1, 6-8)Why does Solomon want us to think about death? Not to depress us—but to help us truly live. When we remember that our time is short, we learn to treasure each moment. If I know I have to leave the summit soon, I’ll savor every second. If I know death is coming, I’ll be thankful to be alive.The closing chapters of Ecclesiastes paint a vivid picture of aging and decline. Our eyesight dims, our strength fades, and our bodies slow down. But instead of fearing this reality, we’re encouraged to embrace it—to use the time we have wisely and to find joy in the life God has given us.Live With Eternity In MindOur new FaithFi study, Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money, explores how these lessons apply to financial decisions. Solomon warns us that wealth, like life itself, is temporary. Money cannot ultimately satisfy, and hoarding riches without purpose is meaningless.Instead, Ecclesiastes teaches us to steward our finances with eternity in mind. That means:Trusting God over material wealthUsing money to bless othersEnjoying the good gifts God provides without making them our ultimate pursuitAs Moses wrote in Psalm 90:12: “So teach us to number our days that we may get a heart of wisdom.”You are standing on the summit of life. You have five minutes.How will you spend them?Will you focus on fleeting troubles, or will you fix your eyes on the One who holds eternity in His hands?Ecclesiastes calls us to live with purpose—to love God, love others, and make the most of every moment. When the expedition leader, God, taps us on the shoulder and says, “It’s time to go,” may we be found faithful.We've only begun to explore the depth of this powerful new study, Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money, coming next month. Once it's available, you can find it at FaithFi.com/Shop.On Today’s Program, Rob Answers Listener Questions:I'm 73 and self-employed. Five years ago, I left my house for my daughter, who had thyroid cancer. The house could rent for $3,000/month, but I'm not getting any of that. Is there a way I can get a tax deduction or deferment for this situation?My credit score has gradually decreased from around 780 to 720, even though I always pay my bills on time. I'm unsure why this is happening since I have a mortgage, and my housing payments are half my income. What could be causing my credit score to go down?I'm 58 on disability and only get $1,300 a month. If something happened to my husband, I think I could get around $200,000 after selling my house. What would be the best option for me in that situation since I don't have much in retirement savings?Resources Mentioned:Faithful Steward: FaithFi’s New Quarterly PublicationAnnualCreditReport.comMovement MortgageWisdom Over Wealth: 12 Lessons from Ecclesiastes on MoneyLook 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 every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

“The purpose in a man's heart is like deep water, but a man of understanding will draw it out.” - Proverbs 20:5Man’s ultimate purpose is to glorify God, but deciding how to do that can be challenging. Sometimes, we need help from a trusted advisor. I’ll discuss that today with Rachel McDonough. Rachel McDonough is a Certified Financial Planner (CFP®), a Certified Kingdom Advisor (CKA®), and a regular Faith & Finance contributor.The Cultural Challenge: Are We Asking the Right Financial Questions?Money is more than just a tool—it’s a reflection of our values, priorities, and ultimately, our faith. But how do we ensure that our financial decisions align with God’s purpose for our lives?As believers, we all want to honor God with the resources He has entrusted to us. However, navigating financial decisions can be overwhelming—especially when culture pushes us in the opposite direction.Traditional financial planning often starts with one simple question: “What are your financial goals?”At first glance, that sounds logical. But the problem? It starts with us—our dreams, our desires—rather than seeking God’s plan first.Many people feel pressure to already have their financial goals figured out. If they don’t, they may experience anxiety, uncertainty, or even guilt. Instead of feeling liberated, they feel like they’re failing.So, how do we shift from “What do I want?” to “What does God want for me?”The Heart of Financial Planning: Start with Your ValuesTake a step back before setting financial goals. Instead of ready, aim, fire—we should first seek to understand:Our values – What matters most in this season of life? Our priorities – How should we allocate resources to reflect these values? God’s purpose – What is He calling us to pursue financially?As Paul David Tripp once said:“The thing that is your treasure will control your heart, and what controls your heart will control your words, your behaviors, your choices, and your decisions.”If we start with financial goals before examining our hearts, we risk aiming at the wrong target.A Real-Life Example: Aligning Values with Financial DecisionsRachel shared a story about a couple who initially sought financial advice because they wanted to:Build a cabin on a parcel of land they owned. Renovate part of their house to improve their living space.Sounds reasonable, right? But as they went through a values discovery exercise, something surprising happened.The wife valued respect and security, yet she was deeply stressed in her job, to the point of tears during their financial planning session. The husband valued loyalty and family, which made watching his wife suffer painful for him.After reflecting on their true priorities, they realized now was not the right season for a cabin. Instead, they needed a financial plan that allowed the wife to:Move into a less stressful job (even if it meant earning less) Find financial stability while navigating a large inheritance Postpone the cabin to a future season once their immediate needs were metThe outcome? A plan that prioritized peace, purpose, and financial security—without regret.The Role of a Certified Kingdom Advisor (CKA®)Many financial advisors focus solely on wealth accumulation and goal-setting. But a Certified Kingdom Advisor (CKA®) brings a biblical perspective, asking questions like:“What do you think God is calling you to pursue in this season?” “Do you need more income or more impact?” “What does surrender look like in your financial life?”This kind of financial planning frees people from guilt and regret. Instead of chasing worldly success, they begin pursuing God’s best for their lives.Aligning values with financial goals isn’t just a nice idea—it requires practical steps. In the case of Rachel’s story from earlier, their financial strategy included:The wife transitioning to a lower-stress, lower-income job. The husband re-entering the workforce to ease financial pressure. Using their inheritance wisely to cover healthcare costs before Medicare kicks in. Delaying the cabin goal until it was a better fit for their priorities.Their financial decisions became intentional—not just reactionary.The Fruit of Biblical Financial PlanningWhen people approach financial decisions with a heart of surrender, the results are transformational. The fruit we see in people who adopt this mindset is:Freedom from regret Peace and joy in their financial journey Stronger relationships as they align finances with God’s planYou're not alone if you’ve ever felt uncertain about your financial goals. Instead of feeling pressured to have it all figured out, take a step back and ask:What are my core values? What is God’s purpose for my finances? Am I making financial decisions out of trust or fear?And most importantly:How can my money reflect what’s most important to me as a Christ-follower?If you’re looking for a biblical approach to financial planning, consider working with a Certified Kingdom Advisor (CKA®)—a professional trained to help you navigate money through the lens of faith and stewardship. Find a CKA near you at FaithFi.com and click “Find a Professional.”Because when your finances align with God’s purpose, everything changes.On Today’s Program, Rob Answers Listener Questions:I would like to know how to invest $5,000 in my 12-year-old daughter's future, specifically how to do so to ensure that the investments align with my biblical values and that the money can grow over time.Resources Mentioned:Faithful Steward: FaithFi’s New Quarterly PublicationSavingForCollege.comTimothy Plan | Eventide | OneAscentLook 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 every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The holidays are behind us; you know what that means—it’s tax season! But before you start gathering your W-2s and receipts, there’s an important question: Do you know who will prepare your taxes this year?With a nationwide shortage of Certified Public Accountants (CPAs) and tax professionals, waiting too long to find a preparer could leave you scrambling—and vulnerable to scams. Here’s how to protect yourself and find a trusted tax preparer.Who Can Prepare Your Taxes?When hiring a tax professional, your preparer will likely fall into one of three categories:Certified Public Accountant (CPA): These professionals undergo rigorous education, exams, and licensing requirements. Many specialize in tax preparation and can also provide broader financial guidance. Enrolled Agent (EA): Licensed by the IRS, EAs are tax experts who can prepare and file returns, represent clients before the IRS, and provide tax planning services. Tax Attorney: These legal professionals specialize in tax law and are particularly useful for complex tax situations, audits, or disputes.Each of these professionals is highly qualified—but the problem is there aren’t enough of them.There is a growing shortage of CPAs and tax professionals, mainly because fewer young people are entering the field. Some firms are even hiring high school interns at $22 an hour to recruit future CPAs.What does this mean for you?Longer wait times to book a tax preparerHigher fees due to increased demandGreater risk of falling into the hands of fraudulent preparersWhen people are desperate to file their returns, they can become easy targets for scammers who fake credentials or engage in tax fraud.How to Avoid Tax Scams and Find a Qualified PreparerTo protect yourself, follow these IRS-recommended steps when choosing a tax preparer:1. Choose a Year-Round Tax PreparerA reputable preparer should be available beyond tax season. You don’t want your tax preparer to disappear if you get audited.2. Verify Their IRS CredentialsAsk for the IRS Preparer Tax Identification Number (PTIN). All paid tax return preparers must register with the IRS and enter their PTIN on every return they file.Check their status using the IRS Directory of Federal Tax Return Preparers at IRS.gov.3. Look for Professional CredentialsAsk if the preparer holds a credential such as:CPA (Check with the State Board of Accountancy)Enrolled Agent (Verify at IRS.gov under "Verify Enrolled Agent Status")Tax Attorney (Confirm with their State Bar Association)Additionally, inquire about continuing education—since tax laws change frequently, professionals should stay current.4. Be Cautious About FeesBeware of tax preparers who:Charge fees based on a percentage of your refundClaim they can get you a larger refund than competitorsA legitimate preparer should charge a flat or hourly rate based on the complexity of your return.5. Verify IRS E-File CapabilityMost tax preparers handling more than 10 clients must file electronically. If your preparer refuses to e-file, that’s a red flag.6. Ensure Proper DocumentationA trustworthy tax preparer will ask for the following:Your W-2 and 1099 forms (not just a pay stub)Records of deductions and creditsIf a preparer doesn’t ask for supporting documents, walk away. The IRS requires proper documentation to verify your return.7. Understand Representation RulesOnly CPAs, Enrolled Agents, and tax attorneys can represent you before the IRS if you're audited.Non-credentialed tax preparers—including your math-savvy cousin Bill—cannot represent you in an audit.8. Never Sign a Blank or Incomplete Tax ReturnPlease review your return carefully before signing. Ensure all information is accurate, and ask questions if anything appears incorrect.9. Your Refund Should Go to You—Not the PreparerCheck the routing and account number on your tax return to ensure your refund is deposited into your own account, not your preparer’s.Looking for a Faith-Based Financial Professional?If you want to work with a tax professional who aligns with biblical financial principles, consider finding a CPA, Enrolled Agent, or tax attorney with the Certified Kingdom Advisor (CKA®) designation.To find a trusted, faith-based financial professional, visit FaithFi.com and click “Find a Professional.”With tax season here, choosing a reputable, qualified tax preparer is more important than ever. Don’t wait until the last minute—start your search today to avoid scams and ensure your taxes are filed accurately and ethically.On Today’s Program, Rob Answers Listener Questions:As I turn 70 and a half, is it advantageous for me to start doing my charitable giving from my IRA? Or should I wait until 73, when I have to do the required minimal distribution (RMD)?I have $10,000 in a savings account with my local bank, but I only earn about 10 cents in monthly interest. Since I've never invested before, I'm interested in investing that money elsewhere to create some extra available money. What would you suggest?I ran a landscaping company into the ground, but I've now rededicated my life to Christ and started a new handyman business. I need help managing the money in my company and being a better steward of the resources God has entrusted me with. I'm looking for guidance on the best direction to take.Considering Trump is now in his second term, would it be a good time for me to sell my house and buy another home? Should I wait? I'm thinking about the potential impact on prices and interest rates.Resources Mentioned:Faithful Steward: FaithFi’s New Quarterly PublicationBankrateChristian Community Credit Union (CCCU)Business By The Book: Complete Guide of Biblical Principles for the Workplace by Larry BurkettLook 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 every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

“Whoever has a bountiful eye will be blessed, for he shares his bread with the poor.” - Proverbs 22:9Do you have a generous heart—one that seeks out opportunities to bless others, especially those in need? Today, Kelly Miller joins us to share a powerful way you can not only support the poor around the world but also help bring lasting transformation to their lives.Kelly Miller is the CEO and President of Cross International, an underwriter of Faith & Finance. The Global Crisis: Hunger, Clean Water, and PovertyPoverty remains a critical issue around the world, affecting millions of families who struggle to access basic necessities like food, clean water, and education.The numbers are staggering:Over 800 million people go hungry every day.More than 50% of child deaths are linked to hunger-related issues.Nearly 700 million people lack access to safe and clean water.Cross International is a faith-based humanitarian organization dedicated to transforming the lives of impoverished individuals and families worldwide. It is on the front lines, working in over a dozen low-income countries to meet these urgent needs while also addressing the deeper spiritual transformation that brings lasting hope.The Mission of Cross InternationalFounded in 2001, Cross International partners with local Christian ministries to provide essential resources to struggling communities. Their mission is to provide food, water, and shelter and transform lives through the love of Christ.The organization primarily serves Latin America and regions of Eastern and Southern Africa, where the need is particularly dire. Through local partnerships, they empower communities by offering:Nutritious meals for childrenClean drinking waterEducational opportunitiesDiscipleship and spiritual developmentBeyond Humanitarian Aid: Transforming Lives Through ChristCross International goes beyond simply meeting physical needs—they focus on long-term transformation. One example of this is their Thriving Kids Initiative, which ensures children not only receive food and education but also grow in faith and purpose.Take Kenny, a young man from rural Malawi. He grew up in extreme poverty, with little access to food or education. Through Cross International’s partnership with local ministries, Kenny was able to attend school and receive his only meal of the day—a nutritious meal provided through the program.Over the years, Kenny has thrived academically, and today, he is a university student in Malawi. He dreams of returning to his village, starting a business, and helping lift others out of poverty. His story is just one of many transformed lives through the work of Cross International.How You Can Help: Become a Thriving Kids AmbassadorThe impact of your generosity can be life-changing. For just $62, you can provide:Life-saving food and waterEducational opportunitiesSpiritual nourishment through the GospelYour gift can make an eternal difference in a child's life. Consider becoming a Thriving Kids Ambassador by giving today.Every gift of $62 helps a child not only survive but thrive through the love of Christ. To join this mission, visit crossinternational.org/faith. On Today’s Program, Rob Answers Listener Questions:My problem isn't necessarily with the credit cards. This year, I have financed three reasonably large items, including a used RV that I financed for $17,000 at 10.99% interest over 15 years. If I wait to pay it off for the entire 15 years of the loan, the total cost will triple or even more. How can I pay off this RV more quickly with the resources I have left?I'm in a tough financial spot with debt and no money, and I'm not sure if I should file for bankruptcy or keep trying to pay it off. I want to honor God with my finances, but I'm really struggling.I'm interested in the advantages and disadvantages of creating a trust with money we have after the passing of a loved one, as opposed to investing the money in mutual funds. Since I'm unsure of our intentions for the money, I'm trying to determine whether a trust is the better option or whether I should invest it in mutual funds.I have a $400,000 rental property with $60,000 left on my home mortgage. The rental brings in $1,800 per month. Should I sell the property, use the proceeds to pay off my debts, and invest the remaining $340,000, or should I continue renting the property until I'm 65?Resources Mentioned:Faithful Steward: FaithFi’s New Quarterly PublicationCross InternationalLook 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 every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.