Faith & Finance

Many rules come with exceptions. Perhaps that’s nowhere more true than with financial decisions.In most situations, paying off the mortgage and becoming debt-free is the right decision, but it may not be possible for everyone. Harlan Accola joins us today to discuss “red doors” and exceptions to the rule.Harlan Accola is the National Reverse Mortgage Director at Movement Mortgage, an underwriter of Faith & Finance. He is also the author of Home Equity and Reverse Mortgages: The Cinderella of the Baby Boomer Retirement.The Meaning Behind Red DoorsRed doors have rich historical significance. In biblical times, red signified safety and protection, as seen with the Israelites marking their doors during the Passover. In Scottish tradition, a red door symbolized that a home was mortgage-free—a point of pride. Early Americans painted their doors red to signal a place of rest for weary travelers.While red doors symbolize safety and accomplishment, it’s important to rethink what safety truly means. Is safety just about paying off your mortgage? Or could it also mean being able to stay in your home, meet your needs, and share your blessings with others as you age?Reverse Mortgages and Financial StewardshipFor many seniors, having a mortgage-free home is a milestone of God’s provision. However, a reverse mortgage (HECM) can provide additional safety, especially for those struggling to make ends meet. It allows seniors to draw income from their home equity and stay in their homes while meeting their financial needs.Seniors over 62 have over $13 trillion in home equity—a massive untapped resource. For some, a reverse mortgage could be an answer to prayer, helping cover bills and providing peace of mind. Reverse mortgages offer a unique opportunity to be good stewards of the resources God has provided, ensuring we can enjoy our homes and meet our needs in retirement.To determine if a reverse mortgage is the right solution for your situation, visit Movement.com/Faith.On Today’s Program, Rob Answers Listener Questions:I am 61 years old and want to file for Social Security at 62. However, I have so much credit card and loan debt that I'm considering filing for bankruptcy, and I would like to know your take. I looked up your credit counseling thing, but they can’t service one of my loans, so I didn't go any further with them.We sold a property in owner finance the property. When do we report the taxes on it? And is it a long-term capital gain? I had it for 15 years and lived in it some, but it wasn't our primary residence.I wanted to know about I-Bonds and the interest rate they're paying currently. The last I heard, you can only buy them through a website. I'm 83 and don't know much about computers. Is there a number I can call?I’m struggling to tithe because my husband and I disagree with how the church spends the money. We feel like we're the only ones who disagree, and it's difficult writing out that tithe check when we don't agree with the financial decisions. We're wondering if we're wrong or if the church is wrong. We don't want to withhold our tithe but feel the money could be spent much better.Resources Mentioned:Movement MortgageTreasuryDirect.govChristian 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.

You’ve heard the saying, “Past performance is no guarantee of future results.” Does that apply to Federal Reserve policy?The Fed is finally cutting interest rates for the first time in four years. What does this mean for investors? You might be surprised. Mark Biller has the details.Mark Biller is Executive Editor and Senior Portfolio Manager at Sound Mind Investing, an underwriter of Faith & Finance. The Guiding Principle: Don’t Fight the FedIn mid-September, the Federal Reserve surprised many investors by cutting the funds rate by half a percent. While many might view this as a positive signal, it’s essential to understand that rate cuts don’t always lead to stock market gains.A phrase often heard in the investment world is, “Don’t fight the Fed.” This principle has guided investors for decades, suggesting that investors should be cautious when the Federal Reserve raises rates and optimistic when it cuts rates. This belief has only grown stronger in recent years as the Fed has regularly intervened in the market. Historically, those who didn’t “fight the Fed” tended to fare well.However, while this strategy has worked for the last 15 years, it hasn’t always held true, especially during certain economic downturns. Investors should remain cautious in assuming rate cuts always lead to market gains.Rate Cuts Don’t Always Lead to Stock Market GainsWhile rate cuts have often been associated with bullish markets, history tells a more complex story. For example, in both 2001 and 2007, the Fed began cutting rates just as the economy entered significant recessions. These recessions led to massive losses for investors, with the S&P 500 dropping by as much as 50%.As economic data in the U.S. slows, some investors are beginning to wonder if we’re on a similar path to what happened in those earlier years. Could this be a repeat of 2001 or 2007, where rate cuts fail to prevent significant losses?The Two Paths Following Rate Cuts: Recession or Non-Recession?The key factor to understand when the Fed starts cutting rates is whether the economy is headed toward a recession or not. Historically, there have been two distinct paths that the market takes after the first rate cut in a cycle:The Recession Path: When the economy is in or heading toward a recession, rate cuts have not helped the stock market. Since 1980, three rate-cutting cycles have occurred during recessionary periods—in 1980, 2001, and 2007. During these times, the S&P 500 fell significantly, with declines of 16.5%, 28%, and 24%, respectively, in the 12 months following the first rate cut. The Non-Recession Path: On the other hand, when the economy avoids recession, rate cuts have given investors the boost they expected. In 1987, 1989, and 1995, the market saw gains of 24%, 14%, and 22% in the year following the initial rate cut.The key takeaway here is that recessions are the big variable. Whether the market moves up or down after rate cuts depends largely on whether the economy is heading into a recession.Are We on the Recession Path?This is the question on every investor’s mind. While economic growth has been slowing in recent months, it’s important to differentiate between a slowing economy and an actual recession. Over the past few years, many have predicted a recession as the year comes to an end, yet the economy has remained resilient.One possible explanation is that the slowing data reflects a normalization following the economic spike after the COVID-19 pandemic. Slowing growth doesn’t necessarily mean the economy is headed for a downturn. Investors have seen similar predictions in recent years that never materialized.Looking ahead, the data suggests that the economy may still be in good shape. While there may be fears of a recession, it’s possible that those fears could once again give way to continued economic stability and potential market gains.Why Did the Fed Cut Rates Aggressively?The recent half-percent rate cut by the Fed was larger than many expected. Typically, the Fed only makes cuts of this size during a crisis, yet the U.S. economy is growing at 3%, with unemployment at 4.2% and asset prices near all-time highs.This aggressive move signals that the Fed’s primary focus has shifted from controlling inflation to supporting employment and the broader economy. With inflation under control, the Fed likely sees less need for high interest rates and more risk in potentially slowing the economy by keeping rates elevated.There’s also a possibility that the Fed made a larger cut now to avoid making multiple smaller cuts in the future. However, cutting rates too aggressively could bring back inflation if the economy continues to grow.What Should Investors Do?At this point, it seems more probable that we’re on the non-recessionary path, at least for the remainder of the year. The data doesn’t yet support a recession, and economic indicators like growth, inflation, corporate profits, and household net worth remain strong.For investors, the message is clear: stay data-dependent. Watch the economic data closely, but don’t assume that rate cuts will always lead to market gains or that a recession is imminent. There’s reason for optimism, but as always, be prepared to adjust your strategy if the data starts to signal a different outcome.While rate cuts can provide a tailwind for the market, they don’t always guarantee gains. Monitor the economic data and stay prepared for either outcome.You can read Mark’s full article, “The Fed Is Cutting Interest Rates: What Does it Mean for Investors?” at SoundMindInvesting.org.On Today’s Program, Rob Answers Listener Questions:I have $80,000 in CDs with my sister as a joint owner. My sister and her husband are concerned that if I get sued, they could go after the CDs and my sister's own investments since she's a co-owner. I can remove her as co-owner, but that would mean losing $2,000 in interest. Should I be concerned about my sister's investments being at risk? Is it worth losing the $2,000 to remove her as co-owner?Resources Mentioned:The Fed Is Cutting Interest Rates: What Does it Mean for Investors? (Sound Mind Investing Article)Sound Mind InvestingLook 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.

You’ve heard the identity theft protection ads for years, but do you really need it?Today, dozens of companies sell identity theft protection, so people obviously buy it. But what exactly are they getting, and is it really worth it?Understanding Identity Theft Protection: Is It Worth It?Identity theft is a growing problem that affects millions of people every year, with schemes ranging from credit card fraud to insurance and tax fraud. With this in mind, many companies offer identity theft protection plans. But is it worth it? Let’s take a closer look at the features, their value, and whether or not you should invest in one of these plans.Before diving into the specifics, it's important to remember that fear should never dictate our financial decisions. In 2 Timothy 1:7, Paul reminds us:“For God gave us a spirit not of fear but of power and love and self-control.”When considering whether to purchase an identity theft protection plan, look at the facts, pray for guidance, and make an educated decision.Typical Features of Identity Theft Protection PlansIdentity theft protection plans come with a range of features, though not every plan includes all of them. Here's a look at some common offerings:Credit Report and Score Access: Many plans provide access to your credit reports and credit score.Credit Report Monitoring: This feature alerts you to suspicious activity, such as new accounts opened in your name.Fraud Alert Setup: Plans often help you set up fraud alerts on your credit reports, making it harder for thieves to open accounts.Dark Web Monitoring: This monitors for signs that your personal information is being misused on the dark web.Fraudulent Account Dispute Assistance: Some plans assist you in disputing fraudulent charges and accounts.Social Security Number Monitoring: You'll be notified if your Social Security number is used suspiciously.Browser Protection Tools: These tools protect your personal information online and alert you to unsafe websites.Insurance Coverage: Some plans include insurance to cover costs associated with identity theft recovery, such as legal fees and lost wages.These features may sound appealing, but is it worth paying $7.50 to $70 per month for this protection?Can You Do It Yourself?Interestingly, most of these features are things you can handle on your own:Credit Report Access: You can easily access your credit reports from Experian, TransUnion, and Equifax, or visit AnnualCreditReport.com for free reports.Credit Monitoring: Monitoring your credit every six months is simple and effective. You can also set up fraud alerts directly with the credit bureaus.Disputing Fraudulent Activity: You can dispute fraudulent charges on the credit bureau websites yourself—no third-party service is required.Browser Protection: Browsers like Chrome, Safari, and Microsoft Edge already offer safe browsing tools; you just need to enable them.There are a couple of features that are harder to manage on your own:Dark Web Monitoring: This is more challenging to do without specialized tools.Social Security Number Monitoring: While not easy to do on your own, this becomes less critical if you’re already monitoring your credit and disputing fraudulent activity.What About the Insurance?Many identity theft protection plans offer insurance to cover financial losses. However, disputing fraudulent activity directly with the credit bureaus is usually sufficient to avoid significant out-of-pocket costs. While it might take some time, handling it yourself is typically manageable.Here’s an important distinction: These plans offer identity theft protection, not identity theft prevention. They help you fix the problem after it occurs but do little to stop it in the first place.The most powerful thing you can do to prevent identity theft is to freeze your credit at all three credit bureaus. It’s free and prevents lenders from checking your credit unless you unfreeze it temporarily when applying for new credit. This simple step can prevent thieves from opening accounts in your name.Should You Buy Identity Theft Protection?Ultimately, purchasing an identity theft protection plan comes down to personal preference. If having one brings you peace of mind and helps you sleep better at night, go ahead and purchase a plan—but do your homework first. And if a free plan is offered after a data breach, don’t hesitate to accept it.By staying informed and taking simple steps on your own, you can safeguard your identity without fear.On Today’s Program, Rob Answers Listener Questions:There are so many charities and organizations to donate to, and I'd like to find websites that can help me decide how to allocate my charitable giving. I want to make sure the organizations are using the funds responsibly. What resources can you recommend for researching and evaluating different charities?I have a question about an inherited IRA. My husband inherited two IRAs from his mom, who died in 2020. We have yet to take any distributions. I know the SECURE Act requires withdrawing the total amount within ten years. Is there an advantage to withdrawing it gradually, or is it better to just do a lump sum withdrawal at some point?My mother purchased some land a couple of years ago, with three small houses on about 3 acres. I filed a transfer-on-death (TOD) deed that I printed off the internet, and it went through. Is that a good thing to do? How does that affect my taxes when I inherit the property?I have several accounts that will require me to take required minimum distributions (RMDs) at the end of the year. How do I set it up so the RMD can be paid directly to my church as a qualified charitable contribution to avoid increasing my taxable income?Resources Mentioned:ECFA | Charity NavigatorNational Christian Foundation (NCF)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.

Giving is supposed to be a source of great joy for God’s people. But sometimes, we act like it’s just another pain in our wallet.Christians are supposed to be generous, but maybe you’re having trouble getting excited about the idea. Today, we’ll point you back to the radical joy of godly generosity.Has Your Giving Become Automatic?Let’s start with an honest confession—has your Sunday donation become a routine, more about the habit than the heart? Or maybe you’ve been cutting back on giving due to financial challenges, and guilt is starting to creep in. Perhaps you and your spouse are facing tension over financial decisions, making discussions about giving stressful and uncomfortable.If your generosity feels stale or joyless, it’s time to hit reset. A renewed perspective on giving can not only restore your joy but also realign your heart with God’s purposes.Christian Generosity Is DifferentUnlike the world’s view of generosity, where recognition, self-esteem, or even a building with our name on it might be the end goal, Christian generosity is rooted in serving a different Master. It’s not about impressing others; it’s about imitating Christ.Ephesians 5:1 reminds us: “…be imitators of God, as beloved children. And walk in love, as Christ loved us and gave himself up for us, a fragrant offering and sacrifice to God.”Jesus’ love for us led him to give everything on the cross, and we follow his example when we give radically, sacrificially, and joyfully.Sometimes, the action of giving must come before the feeling. Even when joy is absent, continue to give in faith. The joy will come because generosity pleases God, and He is faithful to guide your heart as you seek Him in this area.Cultivating a Biblical Attitude About GivingWhat does biblical giving look like? It’s more than just putting money in the offering plate. Scripture teaches that our giving should be secret, open-handed, cheerful, loving, and sacrificial.1. Secret, Not ShowyJesus calls us to give in secret so that the glory goes to God, not ourselves. In Matthew 6, He warns us to “Be careful not to do your ‘acts of righteousness’ before men, to be seen by them…But when you give to the needy, do not let your right hand know what your left is doing.”2. Open-Handed, Not Stingy2 Corinthians 9:6-7 encourages us:“Whoever sows sparingly will also reap sparingly, and whoever sows generously will also reap generously.”What we have isn’t ours—it’s God’s. Knowing that He is our provider allows us to give freely, whether it’s our time, talents, or treasure.3. Cheerful, Not ReluctantGod loves a cheerful giver (2 Corinthians 9:7). Cheerfulness in giving may not come naturally, but God can transform your heart. Pray for Him to help you find joy in generosity because this is His desire for you.4. From Love, Not ObligationGiving that pleases God flows from love—love for Him and love for others. It’s not something we manufacture; it’s the Holy Spirit working in us, cultivating a heart of love and compassion.5. Sacrificial, Not ConvenientSacrificial giving stretches us to become more like Christ. 2 Corinthians 8:9 reminds us: “For you know the grace of our Lord Jesus Christ, that though he was rich, yet for your sakes he became poor, so that you through his poverty might become rich.”Giving sacrificially is an act of trust, believing that God will meet our needs while we meet the needs of others.Giving That Glorifies GodTo sum up, giving that honors God will be secret, open-handed, cheerful, loving, and sacrificial. As you embrace these attitudes, you’ll find spiritual growth and joy because ultimately, it’s all about God receiving the glory. John 3:21 says:“Whoever lives by the truth comes into the light, so that it may be seen plainly that what he has done has been done through God.”As followers of Christ, we desire to be more like Him in every way, including how we give. But sometimes, we might find ourselves giving out of guilt, reluctance, or a desire to impress others. If that’s where you are today, ask Jesus to transform your heart. Pray for the Holy Spirit’s guidance as you practice Christian generosity, knowing that God will not only provide for your needs but also bless others through you.On Today’s Program, Rob Answers Listener Questions:I have $30,000 I'd like to invest, but I need to figure out where to put it. Where should I invest the money?My brother and sister have a trust with three houses in it. My sister has since died, but my brother is still alive, and the trust has money in it already. He is thinking about selling one of the houses. Does the money have to go to the trust, or can he keep it?I'm a retired widow, and when my husband was living, we had just gotten another car. Now that I don't have his income, I am drawing some widow benefits from him. I keep getting mail to refinance at a cheaper rate because I'm trying to build my credit. Will that hurt my credit if I get it refinanced?How much can I leave and still have enough for long-term care? I want to leave money to a charity through my required minimum distributions.Resources Mentioned:Wise Women Managing Money: Expert Advice on Debt, Wealth, Budgeting, and More by Miriam Neff and Valerie Neff Hogan, JD.List of Faith-Based InvestmentsBankrate.com | NerdWalletLook 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.

“Learn to do good; seek justice, correct oppression; bring justice to the fatherless, plead the widow’s cause.” - Isaiah 1:17Widows are often unprepared to face a range of difficulties, including grief, social isolation, and, of course, financial challenges. Valerie Hogan joins us today to discuss some ways we can help.Valerie Hogan is an attorney, a Certified Financial Planner (CFP®), a member of Kingdom Advisors, as well as the co-author of Wise Women Managing Money: Expert Advice on Debt, Wealth, Budgeting, and More with Miriam Neff. Helping Widows Build Financial ConfidenceMore than 60% of married women outlive their husbands, and over one million new widows are added in the U.S. every year. Caring for widows is not just a societal need but a biblical mandate found in James 1:27, where God calls us to look after widows in their distress.So, how can we help a widow gain financial confidence?1. Respect the Time to GrieveGrief is deeply personal, and everyone experiences it differently. We should respect each widow’s unique process. Some may grieve privately, while others are more open, but either way, it’s essential to allow them space. During the grieving period, it's advisable to hit the pause button on major financial decisions. While some decisions must be made immediately, delaying non-urgent matters can prevent unnecessary stress and mistakes.2. Be Aware of Public Financial VulnerabilityWidows, especially those who receive large life insurance payouts, may be targets for fraud or manipulation. Valerie pointed out that the public nature of some financial settlements makes widows particularly vulnerable. Protecting them by creating a safe environment is crucial. This includes ensuring that the widow is surrounded by trustworthy advisors who have her best interest at heart and are okay with hearing the word “no” from her as she processes her financial decisions.3. Understand the Emotional Impact of FinancesWidows often feel financially vulnerable, whether dealing with new-found debt or suddenly managing a large sum of money. The emotional weight of making financial decisions without their spouse can be overwhelming. Offering encouragement and empowering the widow to make decisions at her own pace is critical. Advisors and loved ones should simplify financial conversations, avoiding overly technical terms and ensuring the widow fully understands her options.4. Offer Help, But Respect AutonomyIt’s natural for family members or friends to want to step in and help immediately, but it’s essential to offer help when the widow is ready to receive it. Giving the widow space to express what kind of assistance she needs, as everyone’s journey is different. Rather than rushing into action, it’s better to gauge the widow’s readiness and provide support based on her preferences.5. Choosing the Right Financial AdvisorA widow should feel seen and heard by her financial advisor. If she worked with an advisor while her spouse was alive, she should assess whether that advisor truly understood her goals and concerns. If a change is needed, it’s worth interviewing several advisors, including those with faith-aligned advice, such as Certified Kingdom Advisors (CKAs). Finding the right advisor is crucial for the widow’s financial future and well-being.6. Empower Her to Say "No"Widows are often bombarded with advice from well-meaning friends and family and potential financial offers. Helping a widow say "no" is critical. Whether declining to sell her house or refusing a product offer, she should feel comfortable making decisions in her own time without pressure. People with her best interests will respect her choices, even if they don’t align with their suggestions.7. Equip Her for Wealth Transfer and Estate PlanningWidows often play a crucial role in wealth transfer, even if they were not previously involved in the family’s financial planning. Advisors should ensure that the widow is well-prepared to handle this responsibility. Rather than focusing solely on the next generation, the widow’s role in the financial plan should be prioritized, giving her the tools and knowledge to steward the family’s wealth.Helping widows gain financial confidence is a deeply rewarding and biblically rooted responsibility. Whether you are a family member, friend, or financial professional, offering support during this challenging season can make a lasting difference. It’s about empowering widows to make decisions on their own time and helping them navigate the challenges that come with grief and financial vulnerability.For those looking for trusted financial advisors, consider a Certified Kingdom Advisor (CKA) through FaithFi.com, where you can find faith-aligned professionals who understand the unique needs of widows.If you’re a widow, check out Widow Connection to join a supportive network that has helped over 10,000 women move forward with confidence and hope in this next chapter of life. On Today’s Program, Rob Answers Listener Questions:My son was told in a financial class to borrow against rentals to buy more rentals, even though other courses say to pay off debt. Is that biblically correct?My father-in-law offered to loan us $30,000 from his retirement account to make repairs on the house we live in with him. But he said we'd have to help pay the taxes on that withdrawal. Is that a better option than getting a regular loan for the repairs?Resources Mentioned:Wise Women Managing Money: Expert Advice on Debt, Wealth, Budgeting, and More by Miriam Neff and Valerie Neff Hogan, JD.Widow ConnectionLook 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.

Many folks with 401ks and IRAs probably don’t think much about proxy voting…but it can be a powerful tool for the Kingdom.As investors, we have an opportunity to make our Christian values known to the companies in our portfolio. We just need to take advantage of it. Brandon Pizzurro joins us today to tell us how.Brandon Pizzurro is the President and Chief Investment Officer of GuideStone Capital Management, an underwriter of Faith & Finance.What Is Proxy Voting?When you purchase stock in a company, you become an owner, and as an owner, you have a say in how the company operates. This voice is exercised through shareholder meetings, typically held annually. At these meetings, shareholders can vote on corporate policies and other important matters. However, many shareholders are unable to attend these meetings in person. In such cases, they delegate their voting rights to another person or firm, known as a proxy, who votes on their behalf.If you invest in a mutual fund, you technically own shares of that mutual fund, not directly in the underlying companies. The mutual fund company, being the legal owner of those corporate shares, holds the right to vote. With hundreds of stocks in some funds, attending every meeting would be impractical. As a result, mutual funds often use proxy firms to cast votes for them.GuideStone's Faith-Based Approach to Proxy VotingGuideStone Funds has a unique history with proxy voting, guided by Christian principles. Their investment strategies align with Christian values, even though no corporation is perfect. Recognizing this, GuideStone aims to engage with companies they invest in, encouraging them to adopt more God-honoring business practices. Proxy voting allows them to be a voice for faith in the marketplace, striving to use their influence to advance God’s Kingdom.Previously, GuideStone delegated proxy voting to sub-advisers. However, they felt the need to make their voice clearer. In 2023, GuideStone brought in-house proxy voting, developed proprietary guidelines, and partnered with a proxy advisory firm. This move enables them to better align shareholder voting with their Christian values and those of their investors.An Example: Standing Against DiscriminationOne issue GuideStone addressed during this proxy season was “debanking,” a practice where banks refuse services based on social or reputational risk. Some banks have denied service to individuals or organizations solely due to their religious or political views. This growing trend reflects a larger issue of ideological discrimination in corporate cultures, where employees may feel unsafe to express their beliefs.This year, many companies included proposals on their ballots addressing viewpoint discrimination. GuideStone proudly voted in favor of these proposals, advocating for freedom of expression and religious liberty.Why Proxy Voting MattersAs Christians, we are called to be the “light of the world” (Matthew 5:14-16). Proxy voting is one way we can let our light shine in the marketplace, using our voice to reflect God’s values. More Christians are seeking to align their faith with their finances, and GuideStone is dedicated to helping them do so through faith-based investing strategies. By putting dollars to work in ways that honor God, investors can achieve both their financial goals and make an impact for His Kingdom.For more information on faith-based investing and proxy voting, visit GuideStoneFunds.com/Faith.On Today’s Program, Rob Answers Listener Questions:My daughter and her husband want to buy a $900,000 home. They have $300,000 for a down payment. I suggested they keep their paid-off $350,000 condo and get a loan against it for the new home's down payment rather than selling it. What do you think of this approach?I'm almost 59 years old, and my daughters have asked me to stay with one of them for a while to help her get on her feet. I'm going to sell my house, and I don't owe anyone anything. I'm unsure what to do with the money from selling my home. Can you provide any advice?Resources Mentioned:Guidestone FundsBankrate.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.

English statesman Francis Bacon once wrote, “Money is a great servant but a bad master.”If we don’t learn to manage money wisely to take control of it, it will soon master us. It’s one way or the other. Today, Bob Lotich tells us how to be the master and not the servant when it comes to money—and he makes it pretty clear, as well.Bob Lotich is a high-performance financial coach and Certified Educator in Personal Finance (CEPF®) and has been named a top-20 influencer in personal finance. His wife Linda and his award-winning website, SeedTime.com, and SeedTime Money Podcast have reached over 50 million people in the past decade. He is also the author of Simple Money, Rich Life: Achieve True Financial Freedom and Design a Life of Eternal Impact. The Wake-Up Call: A Breakdown Leads to BreakthroughBob’s story, which began in 2002 when his car broke down while he was on his way to deposit a paycheck, is one that many can relate to. He described how that moment of crisis led to a deep spiritual awakening about finances and stewardship.Unfortunately, the car breaking down prevented him from depositing his paycheck and paying rent on time. Facing the stress of a possible late fee he couldn’t afford, Bob realized that his financial life was on shaky ground. He describes this moment as a "house of cards" that collapsed.In his frustration, Bob prayed for wisdom, and that simple prayer became the catalyst for a profound change. God responded, leading Bob to learn about biblical stewardship and practical financial management.Biblical Wisdom: Earning, Saving, and GivingAs Bob delved into the Bible, he came across a quote from John Wesley that changed his financial perspective: "Earn all you can, save all you can, and give all you can." This idea, combined with scriptural truths, inspired him to view money not as a burden but as a tool for good.Bob reflected on passages like:Proverbs 13:11: "Gathering money little by little makes it grow."1 Timothy 6:17-19: Paul’s admonition to the rich to be generous.Proverbs 22:7: The borrower is slave to the lender, which motivated Bob to eliminate debt.These verses reinforced the idea that managing money well is not about hoarding wealth but using it for God’s purposes.Financial Unity in MarriageBob also emphasized the power of financial unity in marriage. Once he and his wife Linda aligned their financial goals with biblical principles, their relationship strengthened. They not only eliminated stress but achieved impressive financial milestones, like paying off their house by the age of 31. Bob’s story reminds us that peace in one’s finances can be a unifying force in marriage, helping couples move forward faster together.The Four Keys to Earning MoreBob shared four essential principles for increasing earnings in today’s digital age:Operate within God-given gifts and passions: Work aligned with your gifts gives you an "unfair advantage."Continue learning and developing your skills: Hone your craft to glorify God.Solve significant problems: You’re compensated in proportion to the size of the problem you solve.Work where demand is high: Identify where there’s a need and meet it.These principles guide believers to increase their earnings while keeping their hearts focused on God’s kingdom.The Joy of GivingOne of the most impactful parts of Bob’s message was his perspective on giving. He and his wife created a "seed account," setting aside money each month specifically for giving. By praying and waiting for opportunities, giving became not just a duty but a joyful, fun part of their lives. This practice reminds us of the joy Jesus spoke of when He said, "It is more blessed to give than to receive" (Acts 20:35).Enjoying God's ProvisionFinally, Bob encouraged believers to enjoy the financial blessings God provides. He highlighted the importance of gratitude and appreciating what we have. Whether earning, saving, or giving, we can find joy in every aspect of financial stewardship.Bob’s journey teaches us that financial freedom isn’t about accumulating wealth for ourselves but about managing what God has entrusted to us with wisdom and generosity. We can design a life of eternal impact by earning, saving, giving, and enjoying God’s provision.If you’re looking for more practical tips and biblical wisdom, Bob’s book Simple Money, Rich Life: Achieve True Financial Freedom and Design a Life of Eternal Impact is a great resource to guide you on this journey.On Today’s Program, Rob Answers Listener Questions:My identity was stolen over a year ago, and it was used to take out a student loan in my name. It's now showing up on my credit report as a collections item. The college says they don't do credit checks for loans. I'm still determining whether to address this now or wait to see if anything else pops up.I'm interested in buying a small home. I'm 60 years old, and my husband has land, so I wanted to know if it was the best time to build a house with the current interest rates. Would it be better for me to get a modular home instead of building a new one?Resources Mentioned:Simple Money, Rich Life: Achieve True Financial Freedom and Design a Life of Eternal Impact by Bob LotichSeedtime.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.

One of the enemy’s favorite tools for discouraging Christians is the question, “What if…?” Unfortunately, those “What if” questions lead right down the road to fear.2 Timothy 1:7 reminds us:“for God gave us a spirit not of fear but of power and love and self-control.”How many times have you worried about your finances, asking those scary “what if” questions like:“What if I lose my job?”“What if I don’t have enough money for retirement?”“What if something bad happens to me or my loved ones?”We all have these fears, often driven by uncertainties about the future. The problem with “what if” thinking is that it focuses on events that haven’t happened—and may never happen. We can’t control the future, but we often let fear about it consume us. Yet, God knows this struggle, and Jesus offers a comforting reminder in Matthew 6.Trust in God's ProvisionIn Matthew 6:25-27, Jesus tells his disciples:“Therefore I tell you, do not be anxious about your life, what you will eat or what you will drink, nor about your body, what you will put on. Is not life more than food, and the body more than clothing? Look at the birds of the air: they neither sow nor reap nor gather into barns, and yet your heavenly Father feeds them. Are you not of more value than they? And which of you by being anxious can add a single hour to his span of life?Jesus challenges us to move our focus from anxious thoughts about the future to trust in the One who holds the future. God isn’t overwhelmed by the complications of life. Our circumstances, no matter how tangled, are never beyond His ability to work out.Changing "What If" to "Even If"When life feels uncertain, we have a choice: give in to the "what if" fears or trust God's provision and guidance. Rather than living in the grip of fear, we can transform our “what if” questions into “even if” statements of faith.Let’s take a cue from Shadrach, Meshach, and Abednego. These three young Israelites were faced with the threat of death in a fiery furnace because they refused to bow to King Nebuchadnezzar’s idol. Their response in Daniel 3:17-18 was full of courageous faith:“If the God we serve exists, then he can rescue us from the furnace of blazing fire, and he can rescue us from the power of you, the king. But even if he does not rescue us, we want you as king to know that we will not serve your gods or worship the gold statue you set up.”Their trust in God was unwavering, not based on whether or not they would be saved from the fire, but rooted in who God is. They embraced an “even if” mindset, trusting God’s sovereignty regardless of the outcome.Applying "Even If" Faith to Financial AnxietyIn moments of financial worry, we can embrace the same kind of trust in God. What if you lose your job? Even if you do, you can trust God to provide. What if you can’t afford retirement? Even if that happens, God will still be your provider. What if something bad happens to you or a loved one? Even in those moments, God is present, and His grace will be sufficient.Here’s how we can change our worries:“What if I lose my job?” becomes “Even if I lose my job, I will trust the Lord.”“What if I can’t afford retirement?” becomes “Even if I can’t afford retirement, I will trust the Lord.”“What if something bad happens?” becomes “Even if something bad happens, I will trust the Lord.”Faith in God’s SovereigntyAccepting that God’s plans may not always align with ours is challenging. The Bible doesn’t promise that life will be worry-free. But it does promise that God will be with us through it all. Faith in God’s sovereignty allows us to trust Him, even in the face of uncertainty, knowing that He works all things for our good (Romans 8:28).I challenge you to take a moment and write down your “what if” worries. Then, cross out the “what if” and replace it with “even if.” Submit your anxieties to the Lord, trusting that He will fill you with peace, strength, and hope.As you navigate financial anxieties, lean on God’s promises. One of my favorite verses is Isaiah 41:10:“fear not, for I am with you; be not dismayed, for I am your God; I will strengthen you, I will help you, I will uphold you with my righteous right hand.”If you or someone you know is struggling with financial anxiety, I invite you to check out FaithFi’s new devotional, Look at the Sparrows: A 21-Day Devotional on Financial Fear and Anxiety. This resource will strengthen and encourage you to trust God in the midst of your financial concerns.Visit FaithFi.com to learn more and start your journey from “what if” to “even if” today.On Today’s Program, Rob Answers Listener Questions:I'm a teacher in my 20s, and I've been able to amass a little bit of savings, but my salary is not going up with the rate of inflation, and I'm starting to have to dig into my savings. I tithe 10% with every check, but I will need to pull from my savings to continue to do that. But if I pray about this and don't tithe, I feel guilty about it, so I’m looking for some wisdom on this.I have a fairly large portfolio, and I'm just wondering: If the stock market starts to dip, what is your opinion on moving everything to cash?Recently, I heard you say that you can freeze your credit because I received an email that said my Social Security is on the dark web due to the data breach from the national public data. I'm figuring out how to do this quickly and efficiently. Should I email them or call them? If I call them, do I have to contact each credit company?I'm about $26,000 in credit card debt. My husband walked out on us and stopped paying the bills, so we racked up more debt. My credit score has dropped significantly. We're doing okay without major expenses, but now we must pay lawyer fees and replace the roof. What's the best option—a home equity line or something else?I just found a $154,000 home near my new job, which I started a week ago. I don't have much to pay for a down payment, but the monthly cost would be about the same as my rent. Is it wise to buy this house right now, even though I don't have a large down payment?Resources Mentioned:Equifax | TransUnion | ExperianLook 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.

Ecclesiastes 3:13 says, “every man who eats and drinks sees good in all his labor—it is the gift of God.”The Bible calls work a gift. But if you have to work more than one job, it might not feel like it. Today, we’ll offer a few practical and spiritual insights for working multiple jobs.Work: A Gift and a StruggleGod created us for work. Throughout the Bible, we see the importance of work, not just for our own benefit but for God’s glory. From the beginning, Adam and Eve’s work in the garden was meant to be a gift—an opportunity to partner with God in cultivating His creation. However, with the fall of humanity and the entrance of sin, work became a struggle (Genesis 3). Despite this, our desire for meaningful work remains. In today’s world, this struggle is evident in the growing number of people working multiple jobs.According to the Bureau of Labor Statistics, over 7.7 million workers held two jobs in 2022, with 400,000 working two full-time jobs simultaneously. The numbers are likely even higher now. So, how can we manage the demands of multiple jobs while keeping a biblical perspective on work?Practical Tips for Managing Multiple JobsIf you’re considering a second job to make ends meet or to save more, here are some practical tips:1. Keep Jobs SeparateUse tools like Asana, Trello, or even a traditional planner to stay organized with your tasks, schedules, and contacts for each job. Keeping clear boundaries between jobs helps prevent confusion and burnout.2. Communicate EffectivelyRegular communication with your employers, co-workers, and customers is key when juggling multiple jobs. Keep expectations clear and make sure deadlines and responsibilities are well-defined.3. Manage Your TimeSet boundaries and create a schedule that allows you to manage your workload without overextending yourself. If you’re working from home, establish a dedicated workspace and take regular breaks to maintain focus and energy.4. Take Care of Yourself SpirituallyIt’s easy to let your spiritual life slide when your schedule is packed, but your relationship with God should remain a priority. Trying to handle everything on your own can lead to burnout and idolatry, as work becomes the center of your life.Is Work Becoming an Idol?It’s essential to recognize when work is no longer just work, but has become an idol. Here are some signs that work may be taking God’s place in your heart:Your self-worth is tied to meeting income goals.You sacrifice rest, family time, or church to work more hours.You can’t stop thinking about work tasks, emails, or deadlines.You feel constantly stressed, discouraged, and exhausted.You believe financial security is the sole purpose of work.You are obsessed with productivity, success, and promotion.You see your paycheck, rather than God, as your provider.You are reluctant to give generously despite your income.If any of these resonate with you, it may be time to pause and refocus on Christ. Work is not about how much you can achieve or how much you earn—it’s about Who you are working for.Finding Rest in ChristWhen work becomes overwhelming, the solution isn’t to work harder—it’s to rest in Jesus. As you place Christ at the center of your work, you’ll begin to see opportunities to reach others, grow spiritually, and trust God as your provider. Satisfying work isn’t about what you do; it’s about Who you are serving. With the right focus, even managing multiple jobs can become an act of worship, reflecting God’s grace and provision in your life.On Today’s Program, Rob Answers Listener Questions:I will be selling a home that was part of my divorce settlement. What amount should be tithed from the sale of that property?Due to a medical issue, I had to go on disability at 55 and was then automatically switched to Social Security at 65. I'm wondering if there's a way I can turn off the Social Security benefits I'm receiving since I had intended to work until 72. I received the lowest amount because I had to leave the job market early, and I'm trying to figure out how to recoup that.I've been introduced to whole life insurance policies and told that you can buy one and use it to save money. As you save, you can borrow against it over time, making it like a two-in-one deal. What do you think about that? Is it legitimate?I have a mortgage and have four years left to pay on it. The balance is about $25,000—about $1,000 a month. How can I pay it off in two years or less?I retired at age 62 and just turned 65. My full retirement age is 66 in 10 months, and I'm currently drawing Social Security. I pastor two rural churches, and they contribute $300 a month to my retirement plan. Would it be okay for me to also contribute money to a Roth IRA or another type of retirement plan?Resources Mentioned:SSA.gov (Social Security Administration)Bankrate.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.

When a low-income person asks your church for help, what do you do next?God is extraordinarily generous, and our churches should be, too. However, helping low-income people often requires going beyond meeting their material needs. Dr. Brian Fikkert joins us today to talk about how your church can help the poor in ways that lead to lasting change.Dr. Brian Fikkert is a Professor of Economics and Community Development and the Founder and President of the Chalmers Center for Economic Development at Covenant College in Lookout Mountain, Georgia. He is also the co-author of the best-selling book, “Helping Without Hurting in Church Benevolence: A Practical Guide to Walking with Low-Income People.” The Struggles Churches Face with Benevolence MinistriesMany churches feel overwhelmed when trying to address their community's needs. They want to help but often feel powerless, worried about enabling destructive habits or frustrated by the lack of visible long-term change. These challenges are common, but with proper guidance, churches can develop a benevolence ministry that is both effective and sustainable.One of the most critical things to remember in this process is that people are not projects. Every human being is made in the image of God and should never be reduced to their economic status or material possessions. Whether rich or poor, we are all equal in dignity and worth.Churches must embrace a relational approach to benevolence, viewing their work as an act of love rather than just meeting needs. This involves presence, care, empathy, listening, and community. A church that doesn’t know how to care for the needs of its own congregation will struggle to effectively minister to those outside its walls.Mutual Transformation: The Goal of Benevolence MinistriesBenevolence should never be a one-sided transaction between the “haves” and “have-nots.” Instead, it should foster relationships in which both parties grow and are transformed by their shared experiences.The goal is to create a bigger vision—one that invites people into the family of God, acknowledging that all of us are broken and made whole only in Christ. This mutual brokenness leads to mutual transformation, something Jesus teaches in the Beatitudes in Matthew 5. Churches must embrace this mindset, where economic status is not a barrier to forming genuine, meaningful relationships.Benevolence ministry is all about relationships. It’s not about simply giving material assistance. It’s about walking together through life, sharing in both the struggles and the joys. True benevolence involves praying together, suffering together, listening together, and learning from one another. When a church’s benevolence ministry is built on this relational model, it becomes a living example of Christ’s love and causes the world to take notice of the work God is doing.Helping Without Hurting: Online Training for ChurchesRecognizing that churches often struggle to balance helping people without unintentionally hurting them, Dr. Brian Fikkert and his team have developed an online training program called Helping Without Hurting in Benevolence Ministry. This six-session program guides churches through the process of establishing or improving their benevolence ministries.The course covers foundational topics like understanding poverty’s complexity, building a mission statement and policy document, and walking with people through change. It’s a valuable resource for churches looking to create a ministry that fosters genuine transformation.Resources and information are available at Chalmers.org for churches interested in learning more about setting up a transformational benevolence ministry.On Today’s Program, Rob Answers Listener Questions:I'm retiring soon and will have around $7,000 from my pension. I'm also eligible for a $100,000 annuity and Social Security at age 63. My wife and I are debating whether I should start taking Social Security right away or wait. What are your thoughts on when I should start taking Social Security?Resources Mentioned:The Chalmers CenterHelping Without Hurting in Benevolence Ministry (Course)Helping Without Hurting in Church Benevolence: A Practical Guide to Walking with Low-Income People by Dr. Brian Fikkert and Steve Corbett (Book)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.