Faith & Finance

In Matthew 6, Jesus tells us how we should pray and how not to… “…do not heap up empty phrases as the Gentiles do, for they think that they will be heard for their many words.”Of course, Jesus then gives us the Lord’s Prayer as an example of how we should bring our needs to God. But are we skimming over part of it?A Prayer of DependenceIn our world of abundance, it’s easy to forget that everything we have comes from God. From food and water to shelter and income, every provision is a gift from Him. Yet, we often assume that our efforts alone secure these blessings.Jesus teaches us to approach God with a heart of dependence, recognizing that even our ability to work and earn is from Him. This mindset shifts us away from self-sufficiency, reminding us to humbly rely on God for all our needs—physical, emotional, and spiritual.Lessons from a World of ScarcityIn Jesus’ time, food security was uncertain, and people truly depended on God for their daily sustenance. Today, in a world of convenience and plenty, it’s easy to overlook the relevance of this prayer.But the essence of “daily bread” is timeless:It guards us against the pride of self-sufficiency.It combats the illusion that wealth or possessions can provide ultimate security.It redirects our trust from material abundance to God’s provision.In a culture that prizes wealth and possessions, praying for daily bread helps us resist the pull of materialism. Jesus warns against relying on earthly treasures and calls us to place our trust in Him instead.This prayer serves as a safeguard, reminding us that:God is our true provider.Our security lies in Him, not in material goods.God’s Promise to ProvideJesus doesn’t just teach us to ask for daily provision; He reassures us of God’s care. In Matthew 6:33, He says:“Seek first the kingdom of God and His righteousness, and all these things will be added to you.”Our deepest need isn’t for bread, money, or possessions—it’s for God Himself. When we prioritize Him, He promises to meet our needs according to His perfect wisdom.Living the PrayerHow can we make “give us this day our daily bread” more than just words?Pray with Gratitude: Start each day by thanking God for His provision. Gratitude keeps us grounded and aware of His hand in every blessing.Acknowledge Your Dependence: Bring your needs to God, trusting Him to provide. Recognize that He alone sustains you, regardless of your circumstances.Seek God First: Focus on your relationship with God, placing Him above material pursuits. Trust that He will provide all you need.A Transformative PerspectiveThis line of the Lord’s Prayer is more than a request for sustenance—it’s a call to humility, gratitude, and faith. By praying earnestly for our daily bread, we affirm our dependence on God and realign our priorities with His kingdom.As you reflect on this prayer, consider your needs today. Bring them to God with trust, knowing that He cares for you and will meet your needs in His perfect timing. Whatever you’re facing—financial challenges, relational struggles, or uncertainty—God is your ultimate provider.Let’s approach Him daily with hearts full of gratitude and faith, thanking Him for His unwavering provision and grace.On Today’s Program, Rob Answers Listener Questions:I recently learned that since I'm 55 or older, I can withdraw money from my 401(k) without penalty. My husband suggested using $15,000 from that to cover the home repairs we need. I'm hesitant to take money from my retirement, but we need to replace the furnace and AC. Should I withdraw the $15,000 or look at other options, like a home equity loan?I have about $70,000 invested in a CD, earning around 5.5% interest. My broker tells me that's not a good option anymore since interest rates have fallen. He's offered me a 3-year fixed annuity option that would give me a 5.4% return. What are your thoughts on making that switch to the fixed annuity?My husband and I have a $15,000 credit card balance with 11% interest. We've been paying $2,000 per month, but the balance keeps going back up because we've been putting some of our daughter's expenses in London on the card. How can we effectively pay off this debt?Resources Mentioned: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.

Thanksgiving is more than just a feast—it's a celebration rooted in faith, courage, and sacrifice. The Pilgrims' journey and pursuit of religious freedom have shaped American heritage and continue to inspire gratitude.The Pilgrims, also known as Separatists, broke away from the Church of England, believing it had strayed from biblical teaching. In contrast, the Puritans, or Non-Separatists, sought to reform the church from within. While the Puritans aimed to purify, the Pilgrims chose complete separation, making their journey to the New World a bold stand for freedom of worship.Fleeing Persecution and Seeking FreedomPersecuted in England for their independent worship and devotion to the Bible as their final authority, the Pilgrims fled to Leiden, Holland, in 1609. However, challenges persisted, and they realized their dream of true freedom required a journey to the New World.In 1620, about 120 men, women, and children boarded the Mayflower, enduring a treacherous Atlantic voyage to establish a new life where they could live and worship freely. While some passengers were adventurers seeking financial opportunities, the Pilgrims were primarily driven by their faith.The Pilgrims arrived in November, too late to plant crops. The harsh winter of 1620-1621 became known as the "starving time," where disease and famine claimed nearly half their group. Despite these hardships, they forged a friendship with Native Americans in the area, particularly Squanto, who proved instrumental in their survival.Squanto, who had previously learned English, taught the Pilgrims vital skills like planting corn and fishing. With his help, they planted crops in the Spring of 1621 and reaped a modest but life-saving harvest that fall.The First Thanksgiving: A Celebration of Faith and FriendshipThe Pilgrims hosted a feast in the fall of 1621 to honor God's provision. They invited their Native American neighbors, nearly doubling the gathering’s size. Together, they celebrated survival, provision, and friendship—one of the first potluck-style gatherings in America.By that time, only 22 men, four married women, and 25 children and teenagers from the original group had survived. Their resilience and gratitude set the foundation for the Thanksgiving tradition we celebrate today.A Legacy of Faith and GratitudeWilliam Bradford, the long-serving governor of Plymouth Colony, reflected on the Pilgrims’ journey in his book Of Plymouth Plantation. Quoting Hebrews 11:13-16, he described their faith:“They admitted they were foreigners and strangers on Earth… longing for a better country—a heavenly one. Therefore, God is not ashamed to be called their God, for he has prepared a city for them.”For the Pilgrims, their true home was with God, and their journey was a testament to enduring faith. This Thanksgiving, let’s remember the Pilgrims’ courage and resilience. Their sacrifices secured the freedom to worship—a gift we still enjoy today.From all of us at FaithFi, we wish you a happy and peaceful Thanksgiving. May your celebration be filled with faith, gratitude, and the joy of God’s provision.On Today’s Program, Rob Answers Listener Questions:I'm considering buying a $70,000 rental property and have 7-8 months of emergency funds. My friend advised against getting an equity loan, which would have a 7.5% interest rate. Should I use my own money to buy the property outright or get a loan? What do you suggest?What kind of taxes do you have to pay after a sale that was in probate?I'm 12 years old and will be 13 in two months. I get a $100 monthly allowance and want to learn how to save and invest my money.Resources Mentioned:StashChristian 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.

Do you find yourself trapped in a "one-day" mindset? Maybe you think, "One day, I'll be out of debt," "One day, I'll have enough," or "One day, I'll finally relax." We often tie our contentment to future circumstances, yet the Apostle Paul shows us a different way—contentment in the here and now.Paul, who experienced both wealth and poverty, wrote in Philippians 4:11-13 about the secret to contentment:“I have learned in whatever situation I am to be content... I can do all things through him who strengthens me.”Paul’s contentment wasn’t based on his circumstances but on his relationship with Jesus Christ. Whether he faced abundance or need, his joy remained unshaken because it was rooted in something eternal.Contentment Is LearnedContentment doesn’t happen overnight. As Paul emphasized, it’s a learned behavior. By shifting our focus from earthly circumstances to God, we begin to see that no amount of money, success, or possessions will ever satisfy us. Only a deep relationship with Jesus can fill the longing in our souls.Hebrews 13:5 reminds us:“Keep your life free from love of money, and be content with what you have, for he has said, ‘I will never leave you nor forsake you.’”The Role of GratitudeGratitude plays a crucial role in fostering contentment. Recognizing what God has already done for us transforms our perspective. As Dr. Art Rainer says, “When you realize that you’re entitled to nothing, you become thankful for everything.”If you’re struggling to feel content, practicing intentional gratitude can shift your mindset from scarcity to abundance.Five Steps to Cultivate ContentmentHere are five practical steps to help you experience lasting contentment:Make Gratitude a Daily Habit: Begin each day by listing three things you’re grateful for. This simple practice shifts your focus to what you already have.Bring Your Needs to God: Share your needs (not wants) with God. Approach Him with a thankful heart, trusting in His faithful provision.Find Contentment in Christ: Reflect on Philippians 4:11-13. Meditate on the sufficiency of Christ in meeting your deepest needs.Appreciate the Present: Pause and savor the blessings around you. Stop striving for more and find joy in the moment.Practice Generosity: Generosity turns gratitude into action. Giving to others reminds you of your own blessings and brings joy through sharing.Contentment isn’t found in “one day.” It’s found today in the sufficiency of Christ, a heart of gratitude, and the joy of giving.A Resource for Finding PeaceIf financial fear or anxiety is stealing your peace this season, consider our 21-day devotional, Look At the Sparrows. This resource offers biblical guidance to help you find peace and contentment, no matter your circumstances.You can get your copy by visiting FaithFi.com/give with a gift of $25 or more. Your support not only equips you with this valuable devotional but also helps keep this ministry thriving so that others may see God as their ultimate treasure. On Today’s Program, Rob Answers Listener Questions:I'm divorced after 30 years. Do I still have any retirement or death benefits from my ex-spouse, or is everything over after the divorce?I have a $20,000 car loan and some investments. Would paying off the car loan by withdrawing from my IRAs be a good idea?My dad has a HELOC with an interest rate of 9.49%. We want to get rid of it, and we'd like to know if a zero-interest credit card is a good option to do this. Is there another option you'd suggest?We recently sold our house and have around $350,000 in a bank that earns practically nothing. My husband is suspicious of moving it into a high-yield savings account because it's not a brick-and-mortar bank. Are there any concerns we should be aware of? If not, how can we go about finding a good bank online?My wife and I are senior citizens, and we recently gained custody of our 10-year-old granddaughter. Her father passed away, and her mother is not in her life. We want some direction and understanding regarding setting up a trust for her for later in life. We're obviously brand new at parenting again, so any advice you have would be appreciated.Resources Mentioned:Christian Community Credit Union (CCCU)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.

“Where there is no guidance, a people falls, but in an abundance of counselors there is safety.” - Proverbs 11:14The words of that verse apply to all areas of Christian life, including financial stewardship. According to God's financial principles, good counsel is important for managing His money wisely. Dr. Art Rainer joins us today to talk about it.Dr. Art Rainer is the founder of the Institute for Christian Financial Health and Christian Money Solutions. He is a regular contributor here at Faith & Finance and the author of Money in the Light of Eternity: What the Bible Says about Your Financial Purpose.What Does a Certified Christian Financial Counselor (CertCFC) Do?Certified Christian Financial Counselors (CertCFCs) are trained to help individuals and couples with immediate financial challenges. Using biblical principles, they guide people in key areas such as:Budgeting effectivelyEliminating debtBreaking free from paycheck-to-paycheck livingSaving for future expensesLiving generouslyTheir goal is to equip you with practical tools and spiritual insights so that you can manage your money in accordance with God’s design.Rigorous Training for a Biblical ApproachBecoming a CertCFC involves a comprehensive training program covering topics like:Biblical stewardshipDebt elimination strategiesSaving and budgeting principlesTo earn the designation, candidates must pass a 100-question, two-hour examination. This rigorous process ensures they’re well-prepared to provide high-quality guidance that is both practical and biblically sound.Counselor vs. Advisor: What’s the Difference?One common question is the difference between financial counselors and financial advisors. Here’s a quick breakdown:Financial Advisors: Focus on long-term planning, including investments, retirement, and tax strategies.Certified Christian Financial Counselors (CertCFCs): Address immediate financial concerns, helping clients overcome challenges like debt and budgeting.If you’re looking for help with every day financial issues, a CertCFC is the right fit.A Calling to Help OthersIf you’re passionate about biblical financial stewardship, becoming a Certified Christian Financial Counselor might be your next step. CertCFCs serve in various capacities, including:Running a private financial counseling practiceServing in their local churchCombining both approaches to reach more peopleThere is a significant need for more counselors to help individuals align their finances with God’s principles.What to Expect When Working with a CertCFCWhen you meet with a Certified Christian Financial Counselor, you’ll find a supportive, empathetic partner who listens to your story and provides practical, biblically-based solutions. Typical sessions last about an hour and include:A review of your financial challengesEncouragement and guidance grounded in ScriptureActionable steps to move forwardYou’ll leave with real tools and a renewed sense of hope for managing your money God’s way.Ready to Take the Next Step?Whether you’re looking for financial guidance or feel called to help others as a counselor, the Certified Christian Financial Counselor (CertCFC) program offers the tools and training you need. For more information, visit ChristianFinancialHealth.com.On Today’s Program, Rob Answers Listener Questions:We’ve recently discussed what we will do for our health care and need something covering pre-existing conditions. Do you guys have any recommendations on what we could go through or anything we can look into?I've recently invested in goldbacks and see more states joining. What are your thoughts on those, and is it a good idea to invest right now?I inherited a house with my sister worth $300-350,000. I lost my job, so I wouldn't qualify for a loan to buy out my sister's portion. I have unemployment and a 401(k) I could convert to an IRA. I'll be getting Social Security in February. Should I try to buy out my sister or just sell the house?Resources Mentioned:The Institute for Christian Financial HealthHealthcare.govChristian Healthcare Ministries (CHM)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.

As Thanksgiving week reminds us of the many blessings we enjoy, it’s natural to reflect on gratitude. But does gratitude naturally lead to generosity? Leo Sabo joins us today to discuss three things your pastor wishes you knew about giving.Leo Sabo is the President of the Christian Stewardship Network (CSN), where he gets to share the incredible impact financial stewardship and generosity can have on the Church. 1. Giving Has Spiritual BenefitsYour pastor wants you to know that giving is deeply tied to your spiritual growth. It’s not just about meeting church needs—it’s about discipleship and trust in God. Learning to surrender your finances to God is a major step in your faith journey.A Holistic View of Stewardship: Generosity encompasses more than money. It includes your time, talents, and treasures. Your pastor hopes you'll see giving as a condition of the heart, not just a financial act.100% Belongs to God: Some believe tithing is the only portion of our money that matters to God, but your pastor wants you to see all your resources as belonging to Him. True stewardship involves inviting God to have authority over everything you own.An Act of Worship: Giving is not a "membership fee" for the church. It’s an act of worship that overflows from a heart grateful to God.2. Stewardship Is DiscipleshipStewardship—responsibly managing your resources—is a key aspect of your faith. Many pastors offer financial management courses to help members learn biblical principles for saving, budgeting, avoiding debt, and investing.Why Stewardship Matters: Jesus frequently taught about money because how we handle it reveals the condition of our hearts. Faithful stewardship fosters generosity and aligns our financial decisions with God’s will.Programs for Your Growth: Churches often provide financial programs to equip members for wise money management. Pastors want you to know these resources are offered out of love and desire to see you spiritually and financially flourish.3. Transparency and Accountability Are CrucialIn today’s world, donors increasingly value financial transparency and accountability. Your pastor understands this and prioritizes using your gifts responsibly.Building Trust: Transparency reassures members that their generosity funds vital ministries like teaching, worship gatherings, and community outreach.The Church’s Responsibility: Churches rely solely on donor support, and your pastor wants you to feel confident that your gifts are being used to advance God’s kingdom in meaningful ways.Turning Gratitude Into ActionThis Thanksgiving, let your gratitude inspire generosity. Giving is more than a financial transaction—it’s a spiritual act that draws us closer to God. By embracing these principles of stewardship, you can experience the joy and freedom that come from trusting God with your resources. May your giving reflect a heart of worship, and your stewardship bring glory to the One who owns it all.If you're inspired to grow in generosity or want to start a stewardship ministry in your church, the Christian Stewardship Network offers tools and guidance for launching and managing effective stewardship programs. Visit ChristianStewardshipNetwork.com for more information.On Today’s Program, Rob Answers Listener Questions:I have a 36-year-old granddaughter who is a single parent with a low income and a 660 credit score. She was going to have to move but doesn't have to now. I was planning to give her $11,000 for a down payment, but she also has a $300/month car loan with 4 years left. Would it be better to use the $11,000 to pay off her car loan instead? Would that help improve her credit and give her extra cash to save for a home?I recently received a $25,000 gift and have put it into a savings account earning 4.5% interest. Should I take that $25,000 and put it back into my investment portfolio instead of leaving it in my savings account? I currently have three months' expenses saved as an emergency fund. What would be the better approach—keeping the $25,000 in the high-yield savings account or investing it?I'm 20 years old and have a $250,000 mortgage at 2.6% interest. I have $5,000 left each month—$4,000 goes to high-yield savings and $1,000 to retirement. Should I focus on paying down the mortgage quickly or continue investing the extra funds since market growth has been good?Resources Mentioned:Bankrate.comChristian Stewardship NetworkLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

With mortgage rates fluctuating, now might not seem like the perfect time to buy a home, but it’s an ideal time to prepare, especially for first-time homebuyers. Movement Mortgage recently shared helpful tips on FaithFi.com for those looking to enter the housing market. Here’s a breakdown of these critical steps to set you up for a successful and financially wise home purchase.Step 1: Determine Your Budget—And Keep It ConservativeFirst things first, know what you can afford. It’s wise to set a sale price and monthly payment that’s less than the maximum a lender or loan calculator may suggest. Keeping a buffer in your budget allows for unexpected costs and helps you avoid financial strain. As Proverbs 21:20 says, “Precious treasure and oil are in a wise man’s dwelling, but a foolish man devours it.”Step 2: Set a Savings Goal for Your Down PaymentWhile a 20% down payment isn’t always required, it has some major benefits:Reduces the loan amountEliminates private mortgage insurance (PMI)It gives you enough equity to sell if unforeseen circumstances ariseIf you can’t reach 20%, aim to save as close as possible for these advantages.Step 3: Budget for Additional CostsBeyond the down payment, remember incidental costs, like:Property and pest inspectionsMoving expensesEssential appliances (like a fridge or washer/dryer), if not provided by the sellerPlanning for these helps avoid last-minute financial surprises.Step 4: Check Your CreditMost mortgage lenders prefer a credit score between 700 and 750, with 740+ often unlocking the best rates. Here’s how to optimize your score:Review your credit report and dispute any errorsPay down debts to keep balances below 30% of your available creditAvoid any new credit inquiries, as “hard pulls” can impact your scoreStep 5: Lower Your Debt-to-Income (DTI) RatioEven with a great credit score, high debt levels could result in a mortgage denial. Try to reduce any debt you can, like paying off a car loan, to improve your DTI ratio and increase your mortgage eligibility.Step 6: Maintain a Clear Paper TrailLenders will closely scrutinize your transaction history, so avoid moving money between accounts for at least three months before applying. Any large transfers could complicate the process, as lenders must verify that your assets are not borrowed. If you’re expecting a cash gift, consult a loan officer for guidance. Specific documentation may be needed to confirm that the money is a gift, not a loan.Step 7: Pay Off Outstanding Tax DebtsIf you owe back taxes and are on a payment plan, prioritize paying these off. Outstanding tax debts affect your DTI ratio and could lead to complications with lenders, as tax liens can take priority over other debts.Step 8: Stay at Your JobLenders look for employment stability, so if you’re considering a job change, it’s best to hold off until after you buy the home. Having at least two years at your current job can reassure lenders and improve your chances of securing a mortgage.Need More Help? Connect with Movement MortgageMovement Mortgage offers guidance for each step of the home-buying process, helping you make informed financial decisions. Additionally, they’re a faith-based company dedicated to philanthropic causes, having donated $377 million to educational and infrastructure projects in underserved communities. To learn more, visit Movement.com/faith.These steps can help you confidently prepare for your first home purchase, ensuring you’re financially and practically ready when the time comes.On Today’s Program, Rob Answers Listener Questions:I would appreciate your thoughts on tithing from my portfolio gains or income.Can you borrow from a long-term health insurance policy?I have $10,000 in a CD and am trying to decide whether to use it to pay down my debt.Resources Mentioned:Movement MortgageNational Christian Foundation (NCF)Christian Credit CounselorsChristian Healthcare Ministries (CHM)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.

There’s a great investing option out there, and chances are, it’s not in your portfolio.That option is Exchange-Traded Funds or ETFs, and they’re worth considering. Brian Mumbert joins us today to discuss the advantages of ETFs.Brian Mumbert is Vice President and Regional Sales Executive at Timothy Plan, an underwriter of Faith & Finance.What is an ETF?An Exchange-Traded Fund (ETF) is an investment option similar to a mutual fund but with distinct features. ETFs typically follow an index, such as the S&P 500 or NASDAQ, and are not actively managed. This means that an ETF holds a broad mix of investments, providing diversification that tracks the chosen index. One key advantage is that ETFs, like stocks, can be traded throughout the day, allowing investors to buy or sell at the current market price.How Do ETFs Differ from Mutual Funds?Unlike mutual funds, where the exact purchase price isn’t known until the end of the trading day, ETFs offer real-time pricing. This flexibility allows investors to trade whenever they choose during market hours. Additionally, mutual funds may pass on capital gains taxes to investors due to asset sales by fund managers, but ETFs generally avoid this by trading “baskets” of stocks, potentially reducing tax liability.Transparency and Tax AdvantagesETFs offer high transparency, with daily disclosures of their holdings. This transparency is a significant benefit for investors who prioritize clarity in where their money goes. Tax advantages are another key feature; ETFs often avoid capital gains taxes, which can be passed on to mutual fund holders, especially during high turnover periods.Faith-Based Screening for ETFsTimothy Plan applies the same rigorous faith-based screening to its ETFs as it does to its mutual funds. These screenings filter out companies that conflict with Christian values. While ETFs are passively managed, which can mean a slight delay in removing non-compliant holdings, Timothy Plan flags them for removal to ensure alignment with their mission. This gives investors peace of mind, knowing their ETF investments are held to the same ethical standards as other Timothy Plan products.Lower Cost, Greater AccessibilityETFs offer a lower expense ratio than some mutual funds for investors looking for a cost-effective entry into faith-based investing. This affordability can make ETFs an attractive option for individuals who may be deterred by higher fees and a practical choice for adding diversified exposure to one’s portfolio.Visit TimothyPlan.com for more details on Timothy Plan’s offerings, including faith-based ETFs and mutual funds. With over 30 years of experience, Timothy Plan provides a reliable option for investors who want to align their finances with their faith.On Today’s Program, Rob Answers Listener Questions:I'm 60 years old and want to retire early at 62. Before I do that, I'd like to pay off my house. Is that advisable?My son has started a new sales outside sales position and will receive a base salary. How can I advise him on how to begin a budget and maintain it when you have commission as your primary source of income?I was wanting to find out about a book you mentioned. I think it was for widows for budgeting who may not know how to do that, per se. What is the title of that book?We're revising our wills and deciding how much to give to our heirs and charity. What counsel do you have on how to make that decision?Resources Mentioned:Timothy PlanWise Women Managing Money: Expert Advice on Debt, Wealth, Budgeting, and More by Miriam Neff and Valerie Neff Hogan, JD.Splitting Heirs: Giving Your Money and Things to Your Children Without Ruining Their Lives by Ron BlueLook 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.

Did you hear about the guy who paid his taxes to the IRS with a smile? It didn’t work out, though—it turns out they prefer money.Well, paying taxes is certainly no laughing matter, and we don’t want to miss something that could end up costing us money. Fortunately, Kevin Cross is here today with a list of year-end tax tips you don’t want to miss.Kevin Cross is a Certified Public Accountant (CPA) who has headed CPA firms in Florida and now Georgia. He has studied the tax code extensively and specializes in representing taxpayers before the IRS. 2024 Year-End Tax StrategiesAs the end of 2024 draws near, these are some critical financial moves that can help you maximize your tax savings: 1. Review Withholding and Estimated PaymentsThe first step in year-end tax prep is to check how much you’ve paid in taxes this year. Avoid underpaying (which leads to penalties) or overpaying (which gives the government an interest-free loan on your money). For those behind on withholding, consider adjusting your remaining paychecks to make up the difference.2. Max Out Retirement ContributionsContributing to a retirement account like a 401(k) or IRA is one of the best ways to lower your taxable income. For high-income earners, consider a “backdoor Roth IRA”—a strategy involving non-deductible IRA contributions converted to a Roth IRA, providing tax-free growth.3. Optimize Charitable ContributionsCharitable giving is a powerful tax strategy, especially if you bundle multiple years of contributions. By “bunching” donations, you may surpass the standard deduction threshold, allowing you to itemize and benefit from your generosity. A donor-advised fund (DAF) can streamline this process, allowing you to make a large donation this year and distribute it to charities over time.4. Donate Appreciated AssetsConsider donating appreciated stocks or mutual funds to avoid paying capital gains tax on the appreciation. For example, if you bought stock for $1,000 and it’s now worth $1,500, donating it allows you to deduct the full $1,500 without incurring capital gains tax on the $500 gain.5. Qualified Charitable Distributions for IRA HoldersFor those 70½ or older, Qualified Charitable Distributions (QCDs) from an IRA allow you to donate directly to charity without counting the distribution as taxable income. This is particularly helpful if you’re taking the standard deduction.6. Take Advantage of Section 121 Exclusion on Home SalesSection 121 of the tax code allows homeowners to exclude up to $500,000 in capital gains (for married couples) when selling their primary residence, provided they’ve lived in it for at least two of the last five years. This is a significant opportunity for those considering selling their homes in a high-appreciation market.7. Avoid Underpayment PenaltiesQuarterly estimated payments are essential to avoid IRS interest and penalties if you're self-employed or a gig worker. Failure to pay quarterly could result in a penalty that acts like interest on unpaid taxes, making it costlier than paying in installments.8. Don’t Ignore Past Tax IssuesIf you’re behind on tax filings or payments, now’s the time to act. Many individuals feel overwhelmed, but taking the first step to seek professional help can bring peace and clarity. We advise you to contact a CPA with IRS experience to assist with this process.These strategies can help you make the most of tax season and avoid paying more than necessary. Remember, the tax code is complex, and each situation is unique, so consulting with a CPA, especially one experienced in IRS negotiations, can provide personalized guidance. On Today’s Program, Rob Answers Listener Questions:I have some rental properties that I'm worried will be sold for cheap at auction after I'm gone since my kids in California don't want to return to Arkansas. Should I sell the properties and put the money in a trust for my grandkids' education?I'm contributing 15% of my income to my 401(k), and my employer matches 5%. But I'm trying to build up my emergency savings, and I'm only at about two months' worth right now. Should I stop contributing to my 401(k) for now so I can focus on getting my emergency fund up to 6 months' expenses?Resources Mentioned:Kevin Cross, CPANational 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.

They say that winners never quit and quitters never win, but that’s not really true, is it? What if you’re trying to quit a bad habit?It’s not only okay to quit a bad habit; it’s something we should always strive to do—especially with investing. Mark Biller joins us today with a list of bad habits you should quit if you find yourself doing them.Mark Biller is Executive Editor and Senior Portfolio Manager at Sound Mind Investing, an underwriter of Faith & Finance. Go Ahead, Be a QuitterIn a recent article titled “Go Ahead, Be a Quitter” at SoundMindInvesting.com, six bad investing habits are discussed as they explain why quitting them can lead to better financial outcomes.1. Quit Standing on the SidelinesOne of the worst habits in investing is not starting at all. Time is crucial for building wealth, thanks to the power of compound interest—often referred to as the “8th wonder of the world.” Investing in well-managed, growing businesses, primarily through stocks, has historically provided returns that outpace inflation. So, instead of staying on the sidelines, become a part-owner of corporate America by investing.2. Quit Waiting for a “Low-Risk” Entry PointTrying to time the market is nearly impossible. Waiting for the “perfect” moment often means missing out on valuable time in the market. Over any five-year period, a diversified stock portfolio rarely loses money and frequently produces high returns. Consistency and patience, rather than timing, are the true keys to long-term growth.3. Quit Looking for a Reason to SellEvery financial expert seems to have a new doom-and-gloom prediction, but tuning into this noise can hurt long-term gains. Inflation—not market downturns—is often the biggest threat to wealth, and stocks are one of the best defenses against inflation. Instead of looking for reasons to sell, commit to investing long-term and avoid unnecessary panic.4. Quit Making Things ComplicatedAvoid drowning in economic forecasts, technical analyses, and frequent trades. Instead, pick solid investments and hold on to them. The simpler your approach, the easier it will be to stay the course.5. Quit Obsessing Over Short-Term ResultsChecking your portfolio daily can lead to emotional highs and lows, tempting you to trade based on short-term results rather than long-term goals. Instead, limit your portfolio checks to avoid unnecessary stress and stay focused on your broader financial objectives.6. Quit Worrying—Trust and Invest with PeaceInstead of letting fear drive your investment decisions, remember 2 Timothy 1:7: “God has not given us a spirit of fear, but of power and of love and of a sound mind.” Trust in God’s provision, follow His principles, and invest from a place of peace rather than anxiety.For more on these principles, check out his full article, “Go Ahead, Be a Quitter,” at SoundMindInvesting.org.On Today’s Program, Rob Answers Listener Questions:I'm considering withdrawing $20,000 to $30,000 from our $148,896 IRA to help purchase a new one-floor home for my husband. What are your thoughts on this, and what would the tax implications be?I need some money to keep safe and liquid, as the high-yield interest rates I've been getting are about to go down. I may need to use this money to buy my mom's house for my sister in the future. What would you recommend as a safe investment option that can still provide a decent yield while keeping the money accessible?My wife and I are looking to invest in a faith-based way, focusing on index funds and ETFs. Do you have any specific low-cost, faith-aligned recommendations we could consider for our investment portfolio?I want to share how reading the True Riches book has changed my husband's and my approach to finances as a church. We've canceled our Amazon Prime membership to reduce materialism, and we're learning to be more intentional with our spending and generous beyond tithing. The book has really shifted our mindset to a kingdom-focused perspective on managing our resources.Resources Mentioned:True Riches: What Jesus Really Said About Money and Your Heart by John Cortines and Gregory BaumerGo Ahead, Be a Quitter (Article by Sound Mind Investing)Eventide Asset ManagementList of Faith-Based Investment FundsLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions 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 of the Great Wealth Transfer taking place as Baby Boomers pass away, but did you know that women will inherit the majority of those assets?It’s true. The Great Wealth Transfer is really horizontal, with widows inheriting most private wealth before it’s passed on to the next generation. Sharon Epps joins us today to talk about how women should prepare.Sharon Epps is the president of Kingdom Advisors, our parent organization. Kingdom Advisors is a group dedicated to training financial professionals to guide and advise you according to biblical principles.Women as the Primary InheritorsOne surprising fact is that women will inherit the majority of this wealth. Since women typically outlive men by about six to seven years, nearly 70% will experience widowhood and manage their spouse’s share of assets. In addition to inheriting from their husbands, many women will also receive an inheritance from their parents, and, increasingly, they are generating their own income through employment. This convergence of income streams will place an estimated two-thirds of U.S. assets—around $30 trillion—under women’s control by 2030, according to McKinsey & Company.The Heart of Generosity: Purpose, Passion, and PlanThe wealth transfer isn’t just about financial assets; it’s a significant opportunity for generosity. Three key factors inspire generosity: purpose, passion, and planning.Purpose: A strong sense of purpose can motivate people to give more. Research from Women Doing Well revealed that women who score high on purpose tend to donate around 14% of their income, compared to 9% for those with lower purpose scores.Passion: Passion for a cause often stems from personal experiences of pain or suffering. This deeply held belief leads people to make sacrificial giving decisions. When people align their hearts with God’s, they are inspired to give courageously and with conviction, connecting their generosity to meaningful experiences.Planning: Effective financial planning is essential for generosity, especially for women who aspire to give more but may lack the structure to manage their finances for greater impact. Financial planning and passion must work hand-in-hand to create a lasting legacy of giving.Building a Generous Legacy: Preparing for Wealth ResponsibilityWith the responsibility of managing inherited wealth, women must be equipped with spiritual foundations and financial wisdom. Three main influences support women’s generosity:Understanding that God owns it all.Personal spiritual disciplines like Bible study and prayer.Receiving teaching on stewardship.When women embrace these principles, they can approach wealth with a mindset of stewardship rather than ownership, seeing it as a resource to bless others.Women and Collaborative GivingWomen often approach giving differently than men, preferring collaboration and community. Studies from the National Christian Foundation show that women are twice as likely to participate in collaborative giving, pooling resources with others to maximize their impact. Women seek transformational experiences rather than merely transactional ones, often using giving as a means to disciple their families and build stronger connections within their communities.For women looking to embrace generosity and connect with like-minded individuals, we recommend organizations such as Women Doing Well, Generous Giving, and the National Christian Foundation (NCF). These groups offer opportunities for women to strategize, collaborate, and grow in their giving journey.Embracing Generosity as a Lasting LegacyAs the wealth transfer unfolds, the unique generosity of women presents an unparalleled chance to impact future generations. For those who steward this opportunity with purpose, passion, and a solid plan, the legacy of giving can become not only a financial blessing but a tool for discipleship and transformation.Connecting with organizations and communities that support women’s giving can help women maximize this historic moment and courageously and convictionally live out the principles of generosity.On Today’s Program, Rob Answers Listener Questions:I'm 75, and my husband is 78. If he passes away, I'll lose about $4,000 per month in income. I have $2,800 from teacher retirement, $662 in social security, and $2,000 from a 403(b). I've saved $80,000 and can save an extra $4,000 monthly. I'm concerned about managing the $4,000 income drop and what to do with the $80,000 I've saved.My wife and I own two homes—one is a rental property I moved out of in 2022. We're trying to determine the best time to sell both properties and how to maximize the capital gains exclusion, especially since we both had primary residences prior to getting married in 2022.Resources Mentioned:Generous GivingNational Christian Foundation (NCF)Women Doing WellLook 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.