Faith & Finance

Jerry Bowyer is the president of Bowyer Research and our resident economist. You can read his insightful columns for World News Group at WNG.org.  [1:03]WHAT WERE THE SELF-INFLICTED HARDSHIPS THE PURITANS FACED DUE TO THEIR ECONOMIC POLICIES?The Puritans at Plymouth Plantation implemented a communal property system as dictated by their charter.This economic policy was essentially a form of communism where no one owned their land, men worked the land collectively, and women cooked for everyone.The system led to a lack of motivation as people didn't want to work for others, causing excuses and a decrease in productivity, which resulted in starvation and hardship.[2:36]HOW DO WE KNOW THAT THE PURITANS’ ECONOMIC FAILURES WERE NOT JUST "REVISIONIST HISTORY"?The reality of the Puritans’ struggles was documented by primary sources, including writings from William Bradford, who acknowledged the mistake.The communal economic policy was influenced by the prevailing intellectual ideas from England, derived from Plato's philosophy.The Puritans realized their error, abandoned the communal system, and allotted private land which led to improved work ethic and productivity, aligning more with Biblical principles such as the commandment "Thou shalt not steal," emphasizing private property. [6:45]TELL US ABOUT THE ECONOMIC PRINCIPLES THAT THE PILGRIMS APPLIED AT PLYMOUTH PLANTATION AND HOW IT RELATES TO THE FIRST THANKSGIVING.The Pilgrims initially implemented a communal system where property and labor were shared, but it led to laziness and food shortages.Changing to a system that embraced private property, as encouraged by the wisdom of Moses and the Bible, resulted in productivity and abundance.This shift to private property and trade, including exchanges with the Native Americans, culminated in the first Thanksgiving, celebrating their newfound prosperity. [9:06]HOW DOES THIS HISTORICAL EVENT RELATE TO AMERICAN EXCEPTIONALISM AND THANKSGIVING?The Pilgrims' experience with and rejection of a communal system for a biblical model of private property is a foundational story of American exceptionalism.William Bradford, leader of the Pilgrims, was deeply versed in the Bible, and their biblical worldview provided a clear alternative to failed economic systems.The knowledge of this pivotal moment has faded in American culture, contributing to the repetition of economic mistakes such as nationalization efforts seen in recent history. [10:52]CAN YOU DISCUSS GOD'S PROVIDENCE IN THE FORMATION OF THE UNITED STATES AND ITS ECONOMY?The Puritans' gradual acceptance of a capitalist system for all economic sectors, not just agriculture, coincided with the upbringing of early American founders.This theological and economic evolution was providentially timed, setting the stage for the independence movement and the framing of the Constitution. [12:29]HOW DOES TODAY'S ECONOMY COMPARE TO THAT OF THE FOUNDING ERA?Current economic practices have drifted towards the control and taxation reminiscent of the tyranny the American colonies rebelled against.The challenge today is not armed conflict but an intellectual and cultural one, advocating for a return to biblical principles of private property over government control. [14:22]WHAT ACTIONS ARE NEEDED TO RETURN TO A BIBLICAL ECONOMY?Christians should lead by example in economic productivity and voluntary sharing, countering the compulsion inherent in communist systems.To prevent the state from stepping in to solve problems, individual and collective actions in repentance, prayer, engagement, and especially sharing within the community are crucial. On today’s program, Rob also answers listener questions: Will starting to withdraw from my annuities cause me to have a tax issue since I don't currently file taxes, and does the IRS monitor deposits over $600?I'm retired and have a $50,000 annuity; the company suggested converting it to a precious metal IRA - is this possible and advisable in my 70s? Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network as well as American Family Radio. Visit our website at FaithFi.comwhere you can join the FaithFi Community, and give as we expand our outreach.   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 WORLD'S MESSAGE VS. JESUS' CALL:The world encourages material accumulation and personal success for happiness, but this stands in contrast with Jesus' call to follow Him for abundant life.Material success is fleeting and ultimately insignificant in the light of eternity, and while happiness is ambiguous, abundance as promised by Jesus is desirable and everlasting. THE CONCEPT OF ABUNDANCE:The Old Testament presents abundance in material terms, as seen in Deuteronomy 28:11 and Psalm 31:19, with the caveat that it required faithfulness to God.Despite this, human nature led to repeated loss of abundance due to disobedience. JESUS' REDEFINITION OF ABUNDANCE:With Jesus, abundance is redefined from material wealth to a focus on a relationship with Him.Matthew 6:33 highlights that by seeking God's kingdom first, material needs are met, allowing a life of true satisfaction in Christ. BARRIERS TO ABUNDANT LIFE:Human self-centeredness can make us lose sight of the fact that life is about Jesus, not ourselves.Lack of personal engagement with God and relying on second-hand religious experiences prevent a deeper understanding and maturation in faith.Half-hearted commitment to Jesus, seeking Him for absolution without full submission, limits the experience of abundance. THE ESSENCE OF TRUE ABUNDANCE:True abundance is found in Jesus Himself, not in money, success, or possessions.Prioritizing Christ above all brings a 'Kingdom shine' to life, and it is accessible to anyone willing to say "yes" to Jesus as both savior and Lord.Jesus' call to abundant life is an invitation to a satisfying, joyful, safe, and eternal life, beginning in the present. On today’s program, Rob also answers listener questions: I'm financially tight with only $2,000 cash; is it a good idea to buy a car now, used or new, since sharing one car is challenging?I own a home and my girlfriend does too; if we get married, is it wise to use my dividend income to pay off her house and rent it out?I have enough savings to pay off my mortgage; should I pay it off and then use a line of credit for future needs?Given my husband is 68 and receiving minimal Social Security, and I have 10 years to work, should we use our savings to pay off our mortgage, considering we have no other debt?If I sell my ocean-near apartment, should I buy a condo or rent considering the current high-interest rates, and what should I do with the mortgage as I approach retirement?How should I best plan for retirement considering our assets, the potential of selling our apartment, and the idea of being debt-free at retirement? RESOURCES MENTIONED:Find a Certified Kingdom Advisor Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network as well as American Family Radio. Visit our website at FaithFi.comwhere you can join the FaithFi Community, and give as we expand our outreach.   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.

“Every good gift and every perfect gift is from above, coming down from the Father of lights, with whom there is no variation or shadow due to change.” James 1:17Ken Boa is a pastor and founder of Reflections Ministries. Russ Crosson is executive vice president and chief mission officer of Ronald Blue Trust. This is the second of our interviews about a book they co-authored, titled Leverage: Using Temporal Wealth for Eternal Gain. [1:35]WHAT IS BIBLICAL LEVERAGE AND IS GIVING TO CHURCH AND MINISTRIES CONSIDERED BIBLICAL LEVERAGE?(Biblical leverage is the concept of using one's financial resources in ways that align with God's will, rather than accumulating wealth for its own sake.)It's about seeking guidance from the Scriptures and the Holy Spirit to determine how much to give and where to give.The act of giving is a way to counteract the idolatry of money and wealth, avoiding the search for security and significance in financial accumulation.Biblical leverage involves sacrificial giving that transcends mere monetary value and reflects a faithful trust in God's provision. [2:35]HOW SHOULD CHRISTIANS DECIDE HOW MUCH TO GIVE?In the New Testament, the principle of giving is focused on cheerfulness and proportionality, not a mandated amount.The more one has, the greater the challenge to give proportionally and the greater the potential impact of their generosity.Sacrificial giving for the wealthy may involve forgoing personal luxuries to contribute more significantly, acting as a test of faith. [4:04]WHAT DOES SACRIFICIAL GIVING LOOK LIKE FOR THOSE WITH SIGNIFICANT WEALTH?(Sacrificial giving for the wealthy is characterized by a deliberate choice to give up something valuable or desired for the sake of contributing to God's work.) Even if the wealthy can easily afford their desires, choosing not to indulge in something and giving instead can be a form of sacrifice.The faith aspect comes into play when one decides to do without something they normally would do and contributes that resource instead.This act of giving serves as a faith test and an opportunity to grow one’s faith through the conscious act of generosity. [7:06]WHAT IS IMPORTANT TO KNOW ABOUT SACRIFICIAL GIVING ACCORDING TO SCRIPTURE?Scripture invites us to focus on the eternal rather than the temporal, and the unseen rather than the visible.The challenge lies in whether wealth or God's Word defines us, our security, and our significance.The Bible instructs those with wealth to not be conceited or to place their hope in wealth but in God, referencing 1 Timothy 6:17-19: "Instruct those who are rich in this present world not to be conceited or to fix their hope on the uncertainty of riches but in God, who richly supplies us with all things to enjoy." [8:20]WHAT IS THE ROLE OF THE HOLY SPIRIT IN DECISION-MAKING ABOUT GIVING?The Holy Spirit should guide our decisions about where and how much to give, involving a more radical and deep approach than we might imagine on our own.This guidance is part of a relationship with the Holy Spirit, who is not just a force but a person who illuminates God's Word.A wise person applies scripture to their life, such as 1 Timothy 6:17-19, and actively chooses to be generous, setting aside wealth for eternal benefit.Comparatively, the Bible contrasts the wise with the 'fool' who is not rich towards God, referring to the parable of the rich fool in Luke 12. [9:50]WHAT ARE THE BARRIERS TO GIVING AND HOW DOES ACCOUNTABILITY FIT INTO STEWARDSHIP?Giving can be hindered by financial, spiritual, relational, or visionary barriers, and accountability is crucial to overcome these.Having someone to challenge and ask hard questions is important since God promises to meet our needs, as mentioned in Philippians, enabling us to be generous. [10:45]WHAT DEFINES GOOD STEWARDSHIP?Good stewardship is applying biblical principles to life and welcoming accountability, preparing to give an account of our stewardship to God.Since we will all account for our actions before God individually, it’s crucial to have others who can speak into our lives and help us aim for the affirmation of a job well done by God. [11:14]HOW DOES THIS DISCUSSION REVEAL THE FALSEHOOD OF THE PROSPERITY GOSPEL?The prosperity gospel wrongly applies Old Testament promises made to a theocratic Israel to New Testament believers, suggesting a direct correlation between righteousness and financial prosperity.True New Testament teaching focuses on the fruit of the Spirit rather than material wealth and encourages us to leverage temporal possessions for eternal impact. [12:30]WHAT IS ‘REVERSE COMPOUNDING?’Reverse compounding refers to the idea that delaying generosity reduces the potential eternal impact of our giving, as our time to influence God’s Kingdom is limited.It emphasizes the urgency of starting to give generously now rather than waiting, as our actions on earth have eternal significance. [13:10]WHAT PRIVILEGE DOES GIVING OFFER TO BELIEVERS?Giving is a privilege that allows us to participate in God’s work, requiring us to choose gratitude and contentment, which are perspectives rather than emotions.By focusing on eternal truths over temporal wealth, we can leverage the latter for God's kingdom, living out Jesus' teaching from Luke 16:9: "Make friends for yourselves by means of the wealth of unrighteousness, so that when it fails, they will receive you into the eternal dwellings." Ken Boa and Russ Crosson have been our guests today. They’re authors of Leverage: Using Temporal Wealth for Eternal Gain.  On today’s program, Rob also answers listener questions: How can I start fresh financially after a divorce, with $100,000 in debt, a paid-off house, and a retirement account to be split?Unsure about taking on a mortgage to buy out my ex-husband's share of the house and how to manage our debt and retirement funds post-divorce.As a special education teacher, I'm torn about how to handle my $50,000 401(k) and future retirement planning given that my husband has a government pension. RESOURCES MENTIONED:Christian Credit CounselorsFind a Certified Kingdom Advisor Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network as well as American Family Radio. Visit our website at FaithFi.comwhere you can join the FaithFi Community, and give as we expand our outreach.   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.

Jesus entrusted us with the Gospel and gave us His immeasurable love by dying on the Cross. As stewards of those priceless gifts, we’re to share them with the world. So keep in mind that stewardship isn’t just about money.So what are the marks or characteristics of good stewards?  1. Acknowledgment of God's Ownership: Good stewards understand that everything is God's (Deuteronomy 8:18, "You shall remember the Lord your God, for it is he who gives you power to get wealth"). They hold resources temporarily and avoid hoarding or coveting.2. Recognition of God's Gifts: They see their skills and abilities as gifts from God. This understanding is rooted in verses like 1 Peter 4:10, “As each has received a gift, use it to serve one another, as good stewards of God's varied grace.”3. Understanding and Commitment: They have clarity about the divine mission given to them and remain committed to it. This is reflected in Proverbs 16:3, “Commit your work to the Lord, and your plans will be established.” They're also devoted to sharing the Gospel, as encouraged by 1 Thessalonians 2:4 and Romans 1:16.4. Trustworthiness: Integrity and honesty define good stewards, a trait highlighted in Proverbs 12:22 and reinforced in Titus 1:7, which lays out the characteristics expected of God's stewards.5. Diligence: Good stewards are industrious and avoid idle activities. This principle is underlined in 1 Corinthians 15:38 and Proverbs 13:4, which extol the virtues of diligence.6. Prayerful: They consistently turn to God for guidance and wisdom. James 1:5 guides them to seek wisdom from God, while Philippians 4:6 emphasizes the peace that comes from trusting God and presenting one's concerns to Him in prayer.7. Action-Oriented: Led by the Spirit, they are proactive in their responsibilities, as urged by 1 Peter 1:13.Those are seven characteristics of a good steward. They set the bar pretty high and none of us can expect to exhibit them all the time, but we must always try. On today’s program, Rob also answers listener questions: How do capital gains work if we sell our house with farmland to buy a condo and have leftover money?Should I withdraw $25,000 from my 401k and invest $20,000 in the credit union at 4.25% for two years, considering the tax penalty and recovery time?How should I manage my 401k of $102,000 when my job ends in March 2024, given my outstanding loan, and is a Roth IRA a good option?What's your opinion on gold IRAs and how much of my total investable assets should be in them? RESOURCES MENTIONED:Find a Certified Kingdom Advisor Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network as well as American Family Radio. Visit our website at FaithFi.comwhere you can join the FaithFi Community, and give as we expand our outreach.  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.

CAN YOU OUTGIVE GOD?God gave His only Son for our salvation, demonstrating the ultimate generosity (John 3:16).Our generosity will always fall short in comparison, but this shouldn’t discourage us from giving. HOW DOES GOD'S GENEROSITY AFFECT US?The Bible does tell us of the transformative power of acknowledging God’s generosity.God’s generosity is evident in His sacrificial love, even when we were sinners (Romans 5:8).Embracing a generous spirit is part of our faith journey and a way to trust and participate in God's kingdom. SHOULD FEAR OF LACK STOP US FROM GIVING?What about financial security when giving? Trusting in God’s provision is crucial when fear of not having enough arises.Generosity is a tangible way to show trust in God and engage in His work. IS OUR GIVING A COMPETITION WITH GOD?Giving is not a competition or a means to earn God's favor.We already have God’s favor through grace; our call is to extend grace to others (Ephesians 4:32).Generosity should stem from a desire for heavenly reward, not material gain or favor.HOW SHOULD WE VIEW OUR GIVING AND POSSESSIONS?King David is an example of having a right attitude toward giving. Everything we have is from God, and our generosity is a response to His provision (1 Chronicles 29:14).Generosity leads to a closer relationship with God and aligns our hearts with His. IN CONCLUSION:Of course, we can’t out-give God. But we can be the hands and feet of Christ in the world. As you mature in your faith, growing in the grace and knowledge of our Lord and Savior Jesus Christ, as it says in 2 Peter 3:8…the Holy Spirit is making changes in your heart.  You will want to respond to God’s grace by being generous in turn.  Best of all, when we serve and give generously, we experience a closer walk with the Giver Himself. SCRIPTURES MENTIONED: John 3:16: "For God so loved the world that he gave his one and only Son, that whoever believes in him shall not perish but have eternal life."Romans 5:8: "But God demonstrates his own love for us in this: While we were still sinners, Christ died for us."Galatians 2:20: "I have been crucified with Christ and I no longer live, but Christ lives in me. The life I now live in the body, I live by faith in the Son of God, who loved me and gave himself for me."Ephesians 4:32: "Be kind and compassionate to one another, forgiving each other, just as in Christ God forgave you."1 Chronicles 29:14: "But who am I, and who are my people, that we should be able to give as generously as this? Everything comes from you, and we have given you only what comes from your hand."2 Peter 3:18: "But grow in the grace and knowledge of our Lord and Savior Jesus Christ. To him be glory both now and forever! Amen." On today’s program, Rob also answers listener questions: I've been reading Leviticus and noticed that if we redeem back a part of the tithe, we are supposed to add a fifth to it. If I haven’t paid tithes for a long time, do I need to pay it all back?As a widow with three adult children, where two are doing well financially and one is not, I am concerned about how to fairly divide my estate, taking into consideration the financial help given to the one child over the years. What is your advice? I'm a 56-year-old retired teacher with no debt, drawing a pension, and working part-time; I have $28,600 in a 403(b) in a fixed account and am uncertain about moving it to the stock market. What should I do?  RESOURCES MENTIONED:Splitting Heirs by Ron BlueSchwab Intelligent Portfolios Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network as well as American Family Radio. Visit our website at FaithFi.comwhere you can join the FaithFi Community, and give as we expand our outreach.   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.

According to the car shopping site iSeeCars.com, used car prices have jumped 41% over the past several years! Here are some tips to take the edge off of that sticker shock.  OUR 7 TIPS FOR BUYING A USED CAR: 1. Establish Your Budget: Determine how much you can afford, whether paying in cash or financing, ensuring the payments fit within your budget. Aim for a down payment of 10-20% and keep the loan term as short as possible, ideally three years.2. Choose the Right Make and Model: Consider your family size, cargo space needs, safety, and vehicle reliability, and be open to having two or three options.3. Research Vehicle Value: Use Kelley Blue Book or Edmunds to estimate the value of your chosen vehicles.4. Search Online Listings: Look for fairly priced vehicles on Auto Trader, Craigslist, AutoList, and Carmax, creating a list of potential options.5. Obtain Vehicle History: Contact the seller for the VIN to check the vehicle's history on CarFax or AutoCheck, ensuring a clean title, no serious accidents, and verifying the mileage.6. Get an Inspection: Have the vehicle inspected at an independent shop of your choosing, and walk away if the seller refuses.7. Make an Offer: While used car inventories are still limited, making haggling tough, ensure that the car is in good condition to last many years with proper care. On today’s program, Rob also answers listener questions: I want to know how much money I need to have in the bank to retire at 65 with monthly expenses around $3000, and also inquire about tax planning for retirement.I'm 60, on disability, and heard at 65 my benefits may change; should I prepare for decreased income?I'm inquiring about reverse mortgages on behalf of my sister, whose husband passed away; can the house be saved, and can a sibling assist in this process?Having recently retired to Kentucky, my wife and I are seeking resources to educate ourselves on investing during retirement, ensuring we can continue ministry work without financial strain. RESOURCES MENTIONED:Find a Certified Kingdom Advisorssa.govmovement.com/faithfaithandinvesting.com Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network as well as American Family Radio. Visit our website at FaithFi.comwhere you can join the FaithFi Community, and give as we expand our outreach.   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.

Ron Blue is the founder of Kingdom Advisors, our parent organization. He’s also the author of a shelf-full of books on biblical finance.Disagreements in marriage, especially on topics like money and faith, are common. Giving can be a contentious issue since it involves both. RON BLUE'S EXPERIENCE AND ADVICE:Ron shares a personal experience about how his wife's silent example led him to embrace tithing and giving, emphasizing the importance of living a compelling Christian life over pressing the issue.He advises couples to prioritize their relationship and demonstrate a Christ-like life. He suggests mutual submission and finding common ground, even if it means agreeing to the "lowest common denominator" in terms of giving. HANDLING DISAGREEMENTS AMONG BELIEVING SPOUSES:For believing couples who disagree on giving, Ron suggests separating out amounts for individual gifts or passions, ensuring both spouses can contribute to causes they are passionate about.He emphasizes keeping the relationship central and finding a win-win solution that accommodates both spouses' interests and passions. ADDITIONAL BIBLICAL CONTEXT:Ephesians 5:21-22 says, “Submit to one another out of reverence for Christ. Wives, submit yourselves to your own husbands as you do to the Lord” And then in verse 25, “Husbands, love your wives, just as Christ loved the church and gave himself up for her.”Ron discusses the understanding of this as mutual submission to one another, not one dominating or domineering over the other. The real issue isn’t necessarily tithing, but how to live out a Christian life and maintain unity in the marriage. On today’s program, Rob also answers listener questions: Should I keep my $80,000 in a savings account earning 4% or use it to pay down my mortgage faster, considering I have an emergency fund and am contributing to a 401(k)?I'm 66, widowed, retired, and have various financial assets and a debt on my RV trailer; how can I best manage my scattered financial situation, including what to do with my annuity and life insurance policies?I financed a car last year and have been offered a refinance option at a lower monthly payment but with a longer term; should I take this deal to also get some money back from maintenance coverage for a rainy day fund? RESOURCES MENTIONED:Find a Certified Kingdom Advisor Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network as well as American Family Radio. Visit our website at FaithFi.comwhere you can join the FaithFi Community, and give as we expand our outreach.   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.

Accidents and natural disasters are always in the news, but we never really expect them to happen to us, do we?  When a freak summer storm knocked out the power around here for many hours, most of us were completely taken by surprise. You don’t appreciate running water and electricity until you don’t have them! Let’s talk about how to be well prepared for emergencies. PERSONAL AND FINANCIAL DOCUMENTS:Rob stresses the importance of storing original documents securely, either in a safe deposit box or a fireproof safe at home, and keeping copies on a thumb drive or in the cloud. Lists essential documents to have on hand:Identity and family status proofs like driver's licenses, birth certificates, social security cards, marriage and divorce papers, etc.Tax, real estate, and insurance documents, including tax returns from the past six to seven years, real estate titles, vehicle registrations and titles, and all insurance policies.Emphasizes the necessity of having originals or certified copies of identity-verifying documents. MEDICAL FILES AND EMERGENCY PLANNING:It’s important to compile and store medical histories, prescription information, and plans for any special care required due to health conditions.Have copies of health insurance cards and contact information for healthcare providers readily available, as well as living wills, healthcare directives, and powers of attorney for healthcare. PREPARATION FOR DEATH IN THE FAMILY:Consider the often overlooked but essential preparations for the event of death, whether one's own or a family member's.Have information and documents such as cemetery plot titles, funeral instructions, benefits information, and account statements readily available.Securely store legal documents like wills and contact information for legal and financial advisors, and provide a list of individuals who should be notified. ENCOURAGEMENT AND BIBLICAL WISDOM:Of course, nobody wants to think about possible emergencies, but being prepared will make a difficult time less stressful for your family. Taking care of these details in advance is also part of being a good steward of everything God has given you. Let’s finish with a word of encouragement from 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.” On today’s program, Rob also answers listener questions: After moving back to the Midwest to care for a friend with cancer, the caller took Social Security at 62, drives DoorDash to stay within income limits, but is starting a full-time job and is confused about the Social Security penalty ending age.Caller has a couple of small 401(k)s totaling around $40,000, looking to move them out of the market into a safer investment, and wants advice on where to put the money for security and a small amount of interest.I received a lump sum from a disability settlement and paid off all my bills, but now I am going through a divorce and my wife has our savings in mutual funds; what can I do with my share to avoid heavy tax penalties?I planned to take my husband's Social Security at 60 and switch to mine at 70, but the rules changed; did I make a mistake by not claiming anything yet at 67?I am interested in securing a reverse mortgage for my condo; who should I talk to and what do I need to be aware of? RESOURCES MENTIONED:FaithFi.comFind a Certified Kingdom Advisor Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network as well as American Family Radio. Visit our website at FaithFi.comwhere you can join the FaithFi Community, and give as we expand our outreach.   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.

Jeanne McMains, Executive Vice President of Offerings and Marketing at the National Christian Foundation.For more than 25 years, she’s helped families create a fun and lasting giving experience.[1:00]HOW CAN FAMILIES ENHANCE THEIR GIVING PRACTICES DURING THE HOLIDAYS?Create a thriving family giving culture by engaging in generosity activities together.Right size the giving experience to suit children or grandchildren’s capacity to understand and participate.Cultivate a culture of grace, allowing the family’s giving practices to develop organically over time. [1:54]WHAT ARE SOME EXAMPLES ILLUSTRATING THE IMPORTANCE OF RIGHT SIZING THE GIVING EXPERIENCE?A single mother overwhelmed her daughter with a large monetary gift and extensive instructions, leading to disappointment.A father gave his children a substantial amount of money to donate, but was dissatisfied with their choices, highlighting the need to balance generosity with practicality.The key is helping children find joy in giving according to their interests, not overwhelming them with complexity or high expectations. [3:36]HOW CAN FAMILIES STRIKE A BALANCE BETWEEN INDIVIDUAL AND COLLECTIVE GIVING INTERESTS?Create ‘we and me’ spaces: allowing individual family members to support their own passions while also contributing to shared family values.Engage in fun activities, like card games, to discuss values and charitable impacts as a family.Encourage personal and collective journeys in generosity, fostering family bonds and shared values. [6:35]WHAT ROLE DOES FRAMEWORK PLAY IN FAMILY GIVING?Utilize a framework to set clear guidelines and expectations for family giving discussions.Jeanne shares examples of successful frameworks, like employer match programs, to inspire family giving strategies.Encourage both ‘we’ and ‘me’ spaces within the framework to cater to individual passions and shared values.  [9:02]HOW CAN FAMILIES ENCOURAGE CHILDREN TO PARTICIPATE IN GIVING?Involve children in giving, regardless of their age, through simple, adaptable strategies.Jeanne shares a  three-step question process to guide children in choosing causes and organizations to support.Encourage a focus on how organizations share the gospel, integrating faith and generosity. [11:35]WHAT ADDITIONAL STRATEGIES CAN FAMILIES USE TO ENHANCE THEIR GIVING EXPERIENCE?Share responsibilities in the giving process, involving all family members according to their abilities and interests.Encourage a variety of participation methods, from researching causes to connecting with charities.Celebrate giving as a joyful and meaningful family activity, incorporating elements of fun and festivity. HOW CAN FAMILIES ENSURE THAT THEIR GIVING PRACTICES REFLECT CHRISTIAN VALUES?Focus on the fruits of the Spirit, ensuring that love, joy, peace, patience, kindness, goodness, gentleness, and self-control are present in giving discussions and actions.Regularly assess whether the family’s giving culture promotes these values, making adjustments as necessary.Celebrate and pursue these fruits in the family’s collective and individual giving journeys. HOW CAN THE NATIONAL CHRISTIAN FOUNDATION ASSIST FAMILIES IN THEIR GIVING JOURNEYS?NCF offers giving strategies and support to help families navigate their generosity journeys, rooted in biblical principles. Local NCF offices provide additional resources and connections for families looking to enhance their giving practices. Learn more at NCFGiving.com. On today’s program, Rob also answers listener questions: How should I invest or save my $14,000 sitting in the bank to potentially buy property in the future, considering it's currently earning no interest?Due to financial strain from unemployment and struggling to pay rent and bills, should I sell my car, worth a bit over $5,100, even though I have access to public transportation? RESOURCES MENTIONED:Bankrate.com Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network as well as American Family Radio. Visit our website at FaithFi.comwhere you can join the FaithFi Community, and give as we expand our outreach.   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.

Lauren Gajdek is Vice President of Communications and Media at Christian Healthcare Ministries, an underwriter of this program. WHAT IS BIBLICAL COST SHARING AT CHM?Christian healthcare ministries (CHM) is not a health insurance company.CHM helps members with their medical bills through a biblical model, working with healthcare providers to get bill discounts and then remitting payments back to the members.CHM has existed for over 40 years and has shared almost $10 billion in medical bills. TELL US ABOUT THE SENIOR SHARE PROGRAM.Senior Share is for individuals aged 65 and older.Members need to be on Medicare Parts A and B, or have a Medicare Advantage plan.CHM complements insurance by covering what insurance doesn't pay to prevent seniors from having unpaid medical bills after Medicare payments. HOW DOES SENIOR SHARE AFFECT CURRENT AND POTENTIAL CHM MEMBERS?Current members can transition smoothly to Senio Share once they turn 65.New members need to ensure they have Medicare A and B or the Medicare Advantage plan.They can then avail of the Gold program benefits at a discounted monthly fee of $115. WHAT IS THE SHARING ELIGIBILITY IN THE SENIOR SHARE PROGRAM?Medical incidents above $500 are eligible for sharing.There's an added program called CHM Plus for an additional fee which enables sharing of healthcare expenses over $125,000 per illness. CAN PEOPLE ENROLL IN CHM ANYTIME DURING THE YEAR?Yes, people can join CHM at any time of the year without a waiting period.There are some restrictions regarding pre-existing conditions. WHAT IS CHM’S BIBLICAL FOUNDATION?CHM offers a biblical solution for healthcare costs, based on Galatians 6:2. On today’s program, Rob also answers listener questions: Should I invest $100,000 into a 5.3% five-year annuity or choose the institution's 5% CD rate for five years?How do I determine the fees associated with an annuity and understand my advisor's compensation?Should my 17-year-old granddaughter invest in a Roth IRA and where can I find financial education resources for young girls?How should we handle money and gold from my late father-in-law's illegal activities, and what does the scripture say about such gains? RESOURCES MENTIONED:Find a Certified Kingdom Advisoropenhandsfinance.comeventideinvestments.comChristian Healthcare Ministries Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network as well as American Family Radio. Visit our website at FaithFi.comwhere you can join the FaithFi Community, and give as we expand our outreach.   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.