Faith & Finance

Disappointment is inevitable, but discouragement is a choice.People love to look into the future. We all have hopes, and dreams, and expectations about what we want our life to be. So, we make plans. Plans to save, serve, build a family, work, travel, learn, grow…you name it. Planning is part of what it takes to make our dreams come true. And there’s nothing wrong with planning. Planning is an important part of being a good steward of whatever God has entrusted to you.But here's the problem. Our plans don’t always succeed. Dreams fail. Expectations go unmet. And then, disappointment happens…maybe more than we want to admit.Perhaps you invested your savings…but now inflation is killing your returns.Or you worked hard to start a business, but it still isn’t making a profit.You planned for your marriage to last…only to experience an expensive divorce.Maybe you’ve been working towards that promotion…but someone else got the job.Or, you planned to have a big nest egg when you retire…but health issues have reduced your savings.And then there’s always the disappointment of finding your adult child living in your basement when you thought they were going to be financially independent.How Do You Handle the Disappointments and Unmet Expectations You Face?Financial disappointments can cause some people to shake their fist at God and lose faith.  Others might become discouraged, depressed or apathetic. Sometimes, disappointment leads to broken relationships. Stress and anxiety are common responses when our plans fail. In fact, the more important we think something is, the more upset we are when our expectations aren’t met.It’s not sinful to feel disappointed. But your reaction to disappointments can become sin if you’re not careful.  According to God’s word, discouragement, anger, unforgiveness, bitterness, and fear are all sinful attitudes. Ephesians 4:31 warns about them: “Let all bitterness and wrath and anger and clamor and slander be put away from you.”So, you can respond to disappointment with discouragement, anger, fear, or apathy…or you can take a more positive approach…realizing that unmet expectations are often God’s way of leading you in a new direction. Just look at how many disappointed people there are in the Bible, and see how God worked in their lives.Like Sarah and Hannah, who couldn’t have children. Or Joseph, whose brothers sold him into slavery. Or imagine how Jesus must have felt when Judas betrayed him. But the Lord had amazing plans for these unmet expectations: Sarah and Hannah ultimately had children who changed the world. Joseph saved his people. Jesus saved us all.Here’s another thought: Your response to the disappointments in your own life can be a powerful witness to those around you. Maybe this isn’t the way you thought your life would turn out…but God can use your unmet expectations…for your good and his glory.A Godly Approach To Financial DisappointmentsWhen life doesn’t go your way, it’s common to look for someone to blame.  Instead, ask God to help you forgive the people who’ve hurt you. Begin to pray for the strength to live through your difficult circumstances. In addition, recognize that it may be time to let go of your expectations, and ask God to show you his plans. People and circumstances are unreliable, but Hebrews 13:8 reminds us that Jesus is the same yesterday and today and forever. The Lord is always loving, faithful, and just.The bottom line? God never fails. You can trust him, even in the midst of your deepest disappointments, when big expectations come to nothing, and people let you down.  God will make a way for you every time.  It might not be what you expect, but it will be good. Hold on to what’s true, from Romans 8:28: we know that in all things God works for the good of those who love him, who have been called according to his purpose.The late Charles Stanley, a faithful preacher of God’s truth for many years, said this about disappointment: “Disappointment is inevitable. But to become discouraged, there's a choice I make. God would never discourage me. He would always point me to himself to trust him.”On Today’s Program, Rob Answers Listener Questions:I am 75 and my husband is 76 and we are retired. Recently we went to one of the marketplaces for our supplemental health insurance coverage and while there, the agent recommended that we get this hospital benefit that would pay extra money should we ever be hospitalized. It sounded good at first but now as I’m second guessing it, I’m not sure if it was timely or wise. Any thoughts? I’m calling on behalf of my brother who is in about $40,000 in credit card debt with about a 30% interest rate. He makes about $900 a week and his minimum payments are about $1300 a month. He’s looked at bankruptcy as well as national debt relief programs, do you have any ideas on how he can realistically pay down this debt? I’m 65 years old and financially secure. I want to do something for my grandson who will be two years old in August. However, I want this to be as hands-free as possible since my daughter isn’t the most astute when it comes to taxes and I don’t know how much longer I’ll be around. What’s the best investment tool I can put the money in to accomplish this goal? If I have a mortgage with a small loan and I make extra payments toward it throughout the year, does that really make that much of a difference? What is the difference between a living trust and a will and which is better? Resources Mentioned:Christian Credit CounselorsFind a Certified Kingdom Advisor (CKA)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.

“Trust in the Lord with all your heart, and do not lean on your own understanding. In all your ways acknowledge him, and he will make straight your paths.” - Proverbs 3:5-6Why are people so worried about the economy these days?Part of the issue is concern about a number of factors, including the upcoming US election, high inflation, high interest rates, and various geopolitical issues like what's happening with China/Taiwan, Ukraine, and the Middle East.How are people dealing with this uncertainty?Uncertainty for many people leads to fear, especially for those on a fixed budget or struggling financially.Fear can cause people to become either indecisive with money or take ill-advised financial risks by forgetting whose money they are stewarding.How do you help people who are struggling with economic uncertainty? Get back to the basics and focus on the things that are within our control. Pray and ask God for insight on ways you can trust Him more in your finances.Look to Scripture for guidance, such as Deuteronomy 8 which talks about God's purpose for us in times of crisis, and 1 Corinthians 7:7 which discusses God's role in providing and our responsibility to obey his commands regarding finances.On a practical level: tightening budgets, reducing spending, paying down debt, and building emergency funds during uncertain times helps tremendously as well.What about someone who might not be thinking about the future at all?There could be an opposite issue - if their investments are doing well and markets have recovered, there could be some greed or pride setting in where they think "I did this."Stay balanced, remain committed to your financial plan, and most of all, stay humble.Deuteronomy 8:18 reminds us that it is God who gives the power to get wealth, not ourselves.What resources would you recommend for those who want to trust God more in their finances during times of economic uncertainty? Compass has partnered with YouVersion to provide a series of short, topical Reading Plans to help you learn, apply, and multiply what the Bible says about money and possessions.On Today’s Program, Rob Answers Listener Questions:Because of the devaluation of the dollar with the BRICS situation right now and the implications that may have for our 401(k) accounts, what can I invest in or look at to protect us from losing our money? Should we invest in gold or other things so that we don’t lose anything?What resources can you point me towards if I’d like to lead a small group at my church on the subject of managing finances God’s way?What are the differences between a TSP and a Roth IRA? Are there differences in how you can use the money or when you can take it out?My husband recently passed away and he was always a very good steward of our finances. I don’t have a house payment or any other bills, but I have a very large sum of money that has come to me after his death. Everything else we had prior to his death has been invested and I don’t know if I should be investing in annuities or take that money and split it up. What should I do with it?Resources Mentioned:Building Your Finances God’s Way: A Financial Discipleship Study (Compass)Wise Women Managing Money: Expert Advice on Debt, Wealth, Budgeting, and More by Miriam Neff and Valerie Neff Hogan, JD, CFP®Find a Certified Kingdom AdvisorFaithFi 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.

CONSIDERING THE FUTURE POST-HIGH SCHOOLRob discusses the pressure high school seniors and their parents face concerning post-secondary education and emphasizes the importance of aligning educational choices with financial realities. He stresses the goal of avoiding college debt through early savings, exploring scholarships, and considering alternatives to a four-year college, such as technical schools, online courses, and military service.Financial planning for education should begin early, incorporating discussions about affordability and scholarships.Exploring educational alternatives can provide viable paths that align with career goals and financial constraints.Completing the FAFSA is essential for all college-bound students to assess eligibility for financial aid, regardless of expected qualification. PREPARING FOR THE COLLEGE TRANSITIONTransitioning to college is a significant step for students and parents alike. Rob advises parents to discuss with their children the costs and values of education, the importance of academic success, available school resources, and the necessity of budgeting and managing credit responsibly. He also highlights the importance of instilling moral and financial values as students step into greater independence.Understanding the cost-value ratio of education and encouraging part-time employment can foster responsibility.Academic success is closely tied to career opportunities, emphasizing the importance of educational achievements.Discussing budgeting and credit card use is crucial to prevent financial missteps during college years. NAVIGATING POST-COLLEGE TRANSITIONS AND BOOMERANG KIDSRob touches on the challenges young adults face in transitioning to the workforce and the reality of "boomerang kids" who return home due to economic pressures. He cites statistics indicating an increase in multigenerational households and suggests ways to make this arrangement work, such as sharing household expenses, setting clear expectations, and encouraging financial independence.Letting go is a necessary part of parenting, allowing children to grow into independent adults.Trusting in God's care for their children can ease parents' concerns during these transitions, fostering faith and resilience in the face of change. ON TODAY’S PROGRAM, ROB ANSWERS LISTENER QUESTIONS:I'm interested in making additional payments to my mortgage and wondering if making small extra payments monthly has the same impact as making a larger yearly principal-only payment.I'm looking to invest $20,000 for my grandson's future and want something hands-off and tax-efficient, considering mutual funds or indexes.I'm 69 years old with about $300,000 in a 401(k) and am considering an annuity with a lifetime benefit. I'm also concerned about long-term care options as I have no children and am divorced.I'm 72, still working, and have a Thrift Savings Plan. I'm wondering if I'm required to take the Required Minimum Distribution (RMD) while I'm still employed. RESOURCES MENTIONED:Principal Reduction CalculatorFind a Certified Kingdom AdvisorSchwab Intelligent PortfoliosNational Christian Foundation 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.

So is the one who lays up treasure for himself and is not rich toward God.”  Luke 12:21Chad Clark is Executive Director here at FaithFi, and over the last several months our team has been working on a brand new 4-week study on the Parable of the Rich Fool called Rich Toward God.  INTRODUCTION TO THE "RICH TOWARD GOD" STUDYThe "Rich Toward God '' study emerges from FaithFi’s mission to equip Christians with tools and resources for integrating faith with financial decisions, aiming to help believers see God as their ultimate treasure. The parable of the rich fool serves as an ideal starting point, prompting us to contemplate what it truly means to be "rich toward God."The study seeks to explore the integration of faith and financial decisions.It aims to inspire Christians to see God as their most valuable treasure.The parable of the rich fool is used as a foundational narrative to examine concepts of true wealth in God's eyes. EXPLORATION OF KEY THEMES IN THE STUDYThe "Rich Toward God" study delves into the historical and biblical context of the parable, emphasizing the importance of understanding the backdrop against which Jesus shared this teaching. It unpacks several key themes:1. True Abundance: Investigating the biblical perspective on abundance, contrasting worldly accumulation with spiritual wealth.2. Pride and Prosperity: Examining how the rich fool's pride in his possessions offers a mirror for personal reflection on our attitudes towards wealth and success.3. Uncertainty of Tomorrow: Addressing the tension between planning for the future and acknowledging life's unpredictability, emphasizing reliance on God rather than wealth.4. Being Rich Toward God: The study culminates in exploring what it means to prioritize God above all else, storing up treasures in heaven rather than on earth.Each theme encourages deep personal reflection and group discussion, offering a strong understanding of the parable's teachings. PRACTICAL APPLICATION AND USAGE OF THE STUDYDesigned for versatility, the "Rich Toward God" study is suitable for individual use, couples, families, or small groups. Its structure facilitates personal devotion, family discussions, or community learning, making it accessible and applicable to a wide audience.Encourages application in various settings: personal study, family time, or small groups.Designed to foster personal growth, communal learning, and spiritual reflection. ON TODAY’S PROGRAM, ROB ANSWERS LISTENER QUESTIONS:I'm coming into a significant inheritance and am considering setting up a donor-advised fund to manage my charitable giving more efficiently and want to understand how it works and its advantages.I'm contemplating selling 20 feet of my property to a neighbor and need guidance on determining fair market value, tax implications, and legal steps for properly severing and selling this parcel of land.At 48, I'm considering withdrawing money from my Roth IRA to buy a new car due to high loan interest rates, but I'm concerned about losing out on future tax-free growth and whether this is a wise financial decision. RESOURCES MENTIONED:National Christian Foundation for setting up a donor-advised fund.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.

WHAT DOES BIBLICAL HOSPITALITY LOOK LIKE IN TODAY'S CULTURE?Sharon reflects on the biblical instruction to show hospitality, emphasizing its relevance beyond traditional notions of entertaining. Hospitality is an act of generosity and kindness, extending warmth and generosity to both guests and strangers alike. This understanding encourages us to reconsider hospitality as acting as God's ambassadors.Hospitality transcends formal dining and embraces the simple, generous reception of others.It's an expression of generosity, serving as a means to fulfill our role as ambassadors for Christ.Personal experiences underscore the profound impact hospitality can have during challenging times, illustrating its power to provide support and comfort. HOW DOES 'UNREASONABLE HOSPITALITY' TRANSFORM EXPERIENCES?Drawing inspiration from Will Guidara's book "Unreasonable Hospitality," Sharon highlights how exceeding expectations in hospitality can create memorable and personalized experiences. Guidara's approach to making every guest feel like a VIP through tailored service and attention to detail serves as a model for extending hospitality that goes beyond what seems sensible, focusing on celebrating others and recognizing their uniqueness."Unreasonable Hospitality" involves stretching the limits to provide a remarkable experience.It's about making guests feel celebrated and special, not through extravagant means but through thoughtful, personalized attention.This approach fosters a mindset of celebrating the smallest details that contribute to making someone feel valued and cared for. WHAT ARE THE OUTCOMES OF EXTENDING 'UNREASONABLE HOSPITALITY'?Embracing unreasonable hospitality leads to several positive outcomes, including demonstrating love in recognizable ways, fostering selflessness, creating a safe and calm environment, deepening fellowship, and filling us with joy. Sharon underscores how such hospitality aligns with our inherent design to give and receive joy through acts of kindness and generosity.Shows love in a manner that is palpable and meaningful to each individual.Encourages selflessness and generosity, moving beyond self-interest to cater to the needs of others.Provides a rare safe space in today's culture, allowing for genuine expression and comfort. CHALLENGE FOR EMBRACING UNREASONABLE HOSPITALITYSharon challenges listeners to consider how they can use their unique gifts to meet the specific needs of others. This challenge prompts us to think creatively about how we can share our talents, interests, and resources in ways that uniquely benefit those around us, further extending the reach and impact of hospitality in our communities.Encourages reflection on how personal gifts can be utilized to serve others in meaningful ways.Suggests identifying common interests or needs that can serve as a basis for extending hospitality.Motivates individuals to act on opportunities to share and serve, reinforcing the connection between hospitality and generosity. ON TODAY’S PROGRAM, ROB ANSWERS LISTENER QUESTIONS:As a 57-year-old nearing retirement with a portfolio heavily invested in stocks, I'm contemplating how much to shift into safer investments like government bonds or T-bills to rebalance my 401(k).I need dental work totaling $5,500 and am considering different payment methods since the dentist requires upfront payment, but I want to avoid high-interest healthcare credit cards.At 99 years old, my mother is still paying for life insurance, and I'm wondering whether it's necessary to continue those payments or if there are more practical options regarding her burial expenses and potential cash value of the policy.As a 64-year-old "solo ager" or "elder orphan" without dependents, I'm setting up my estate plan but struggle to find a Power of Attorney for property management, considering a lawyer or a corporate trustee as potential solutions. 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.

Mark Biller is Executive Editor at Sound Mind Investing, a longtime underwriter of this program. WHAT IS THE IMPORTANCE OF A RETIREMENT PLANNING CHECKLIST?Comparing retirement planning to a preflight checklist underscores the critical importance of preparation. Just as pilots meticulously ensure the safety of their flight, individuals approaching retirement need to assess various aspects of their financial life to ensure a smooth transition into retirement. This analogy highlights the need for thoroughness and attention to detail in retirement planning, especially for those within a decade of their planned retirement date.A retirement planning checklist serves as a comprehensive review to ensure all financial aspects are in order for a secure retirement.Such preparation is crucial for a safe transition to a post-paycheck lifestyle, minimizing potential financial turbulence.The checklist approach encourages individuals to address and rectify any financial concerns well before retirement, promoting peace of mind. HOW DO YOU DETERMINE YOUR INTENDED RETIREMENT AGE?Setting an intended retirement age is the foundational step in retirement planning. This decision, while seemingly straightforward, involves complex considerations including personal health, job satisfaction, income needs, and eligibility for health insurance benefits. It’s a deeply personal choice that requires introspection, prayer, and discussion, particularly for those in a partnership.Choosing a retirement date involves weighing personal preferences, financial readiness, and health considerations.It’s advisable to seek divine guidance and engage in open discussions with a spouse to align on future expectations.Retirement age, while influenced by societal norms, should ultimately reflect one’s unique life circumstances and aspirations. WHAT FACTORS INFLUENCE THE REALISM OF YOUR RETIREMENT AGE?A notable gap often exists between the age people intend to retire and when they actually do, primarily due to unforeseen health issues or family obligations. Despite many workers aiming to retire past 65, reality shows a majority retire earlier. This discrepancy emphasizes the importance of flexible retirement planning, accounting for potential early retirement due to health declines or caregiving responsibilities.Statistics reveal a disparity between expected and actual retirement ages, suggesting many are overly optimistic about working into their late 60s.Planning for an earlier retirement age than desired can provide a financial safety net, allowing for adjustments if circumstances change.Acknowledging the unpredictability of future health and caregiving needs is crucial in setting a realistic retirement timeline. WHY IS ESTIMATING A RETIREMENT BUDGET CRUCIAL?Developing a retirement budget involves estimating future expenses and income to ensure financial stability in retirement. This task can be complex, as certain costs may decrease (e.g., commuting expenses) while others, like healthcare or leisure activities, might increase. Understanding these shifts is vital for creating a budget that reflects the changing nature of expenses through the retirement years.Accurately estimating retirement expenses is critical for financial planning, acknowledging that some costs will decrease while others may rise.It’s important to consider the evolving nature of retirement expenses, from active early years to potentially more sedentary later years, and plan for healthcare costs accordingly.Regularly revisiting and adjusting the retirement budget is recommended to reflect real-world spending and income changes. THE SIGNIFICANCE OF BEING DEBT-FREE AT RETIREMENTAchieving a debt-free status by retirement significantly enhances financial freedom and reduces stress. This goal includes paying off mortgages, car loans, and any other debts. A debt-free retirement simplifies cash flow management, allowing for a focus on living expenses and leisure activities without the burden of debt repayments.Eliminating debt before retirement is crucial for optimizing retirement income and minimizing financial stress.Strategies such as accelerated mortgage payments can ensure debt obligations are fulfilled before retirement, offering peace of mind.Being debt-free enhances the ability to enjoy retirement fully, with more resources available for travel, hobbies, and unforeseen expenses. ON TODAY’S PROGRAM, ROB ANSWERS LISTENER QUESTIONS:At 31, having had several jobs with different retirement benefits, I'm struggling to keep track of all my money and wonder if I should get a financial advisor to help with a financial plan and investment strategy.Owning multiple properties in different states, I'm considering how best to leave them to my children and wonder if a will or a trust would be more appropriate for efficient wealth transfer. 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.

Shaun Morgan is the Director of Product Marketing at Eventide Asset Management, an underwriter of this program. IS THERE A NEED TO REBRAND "FAITH-BASED INVESTING"?Shaun Morgan discusses the ambiguous understanding of "Faith-Based Investing" among investors who consider faith important in their lives. Eventide's survey reveals that terms like "Values-Based Investing" and "Faith-Based Investing" often lead to neutral or unfamiliar responses, suggesting a gap in communication and understanding.The term "Faith-Based Investing" does not resonate strongly with many, even those who prioritize their faith.A survey indicates a general lack of awareness and understanding about investing terms related to faith and values.Neutral responses to these terms suggest a need for clearer definitions and more effective communication. WHAT INSIGHTS DID THE SURVEY PROVIDE ABOUT INVESTORS' PREFERENCES?The survey unearthed significant preferences among investors for companies aligned with their values, particularly regarding unethical practices. A substantial majority expressed willingness to divest from companies involved in objectionable activities, such as profiting from pornography or exploiting child labor.Many respondents were unaware of terms like "Faith-Based Investing," yet showed a clear preference for ethically aligned investments.Specific concerns, such as exploitation and unethical business practices, elicited strong reactions and a willingness to act.The feedback suggests a latent demand for investment options that are more closely aligned with personal and ethical values. HOW DO INVESTORS FEEL ABOUT CHANGING FINANCIAL ADVISORS FOR VALUE ALIGNMENT?Surprisingly, a significant portion of investors indicated they would change financial advisors to access investments that align with their values. This willingness underscores a substantial gap in the current advisory landscape, where many advisors may not adequately address their clients' desires for values-aligned investing.A notable percentage of investors would consider switching advisors for better alignment with their values.The survey revealed that many advisors do not discuss values-based or faith-based investing options with their clients.This finding suggests a strong, unmet demand for financial advice that incorporates personal values and ethical considerations. WHAT ARE THE KEY TAKEAWAYS FOR FINANCIAL ADVISORS?The survey offers critical insights for financial advisors on approaching the topic of values-based and faith-based investing with their clients. It highlights the importance of not assuming clients are familiar with these concepts and suggests that engaging in meaningful conversations about values in investing can deepen client relationships.Financial advisors should proactively discuss values-aligned investing options with their clients.There is a significant educational gap among both investors and advisors regarding faith-based and values-based investing.Advisors who address this gap and actively engage clients on values-aligned investing may enhance client satisfaction and loyalty. CONCLUSIONThis survey gives us insight into how advisors can talk to investors about "faith-based" or "values-based" investing. Overall, Eventide figured out that these terms carry a lot more weight when you describe what they mean.But people DO care about what they are investing in, and advisors can really show that they care about their clients by having these conversations with them. DISCLOSURE: Based on a survey of 1,479 respondents who self-identified as committed Christians (defined as having a Christian faith that is important in their life), ages 30+, with a minimum $100K investable assets or $75K household income. 54% of respondents indicate they have a financial advisor. 62% of respondents who have a financial advisor would be willing to change financial advisors in order to get access to investments that align with their values. The survey was conducted by Pinkston, on behalf of Eventide, in October 2023. Third-party sources referenced herein have not been independently verified, nor is Eventide affiliated with any third-parties referenced, unless otherwise noted. Eventide has not independently verified the accuracy or completeness of third-party information. There can be no assurances that the information is accurate or complete. The information is subject to change without notice. ON TODAY’S PROGRAM, ROB ANSWERS LISTENER QUESTIONS:I'm 73, raising my 8-year-old granddaughter, and want to know the best way to grow the money left by my parents for her college, considering a 529 or other options.I'm retired with my husband, and we've been saving cash; I'm concerned about the potential for a digital dollar and what it means for our savings.At 65 and nearing retirement, my wife and I are debt-free, and I'm wondering if we still need life insurance. RESOURCES MENTIONED:Saving for CollegeSchwab Intelligent PortfoliosFaithFiSound Mind Investing 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. DisclosureBased on a survey of 1,479 respondents who self-identified as committed Christians (defined as having a Christian faith that is important in their life), ages 30+, with a minimum $100K investable assets or $75K household income. 54% of respondents indicate they have a financial advisor. 62% of respondents who have a financial advisor would be willing to change financial advisors in order to get access to investments that align with their values. The survey was conducted by Pinkston, on behalf of Eventide, in October 2023. Third-party sources referenced herein have not been independently verified, nor is Eventide affiliated with any third-parties referenced, unless otherwise noted. Eventide has not independently verified the accuracy or completeness of third-party information. There can be no assurances that the information is accurate or complete. The information is subject to change without notice 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 DANGER OF MATERIALISM AND FINDING CONTENTMENT IN GODMaterialism contradicts God's plan for His people by prioritizing the love of material things over loving God. This attitude can hinder our relationship with Him and rob us of peace. The Bible, in Ecclesiastes 2:11, warns us of the futility in pursuing material wealth, emphasizing that everything is meaningless without God. LIE #1: LIFE IS BETTER WITH MOREThis mindset leads to an endless cycle of discontentment as no amount of wealth can truly satisfy.Ecclesiastes 5:10 states that those who love money will never have enough, illustrating the emptiness of materialism.Contentment is the biblical answer to this lie, as Hebrews 13:5 urges us to be content with what we have, reminding us of God's constant presence and provision. LIE #2: YOU MUST KEEP UP WITH OTHERSThe desire to match others' possessions is a trap that leads to envy and unhappiness.Matthew 6:33 advises seeking God's kingdom first, assuring that our needs will be met when we prioritize Him over worldly desires.True peace comes from knowing Jesus and finding satisfaction in His righteousness rather than in material possessions. LIE #3: IT'S UNFAIR WHEN OTHERS HAVE MOREBlaming others for one's circumstances combines discontentment with a lack of personal responsibility.First John 3:22 reminds us that God blesses obedience and a life pleasing to Him, offering an alternative to the self-pity associated with materialism.Trusting God to provide for our needs helps us overcome feelings of unfairness related to others' wealth. A HEALTHY PERSPECTIVE ON MATERIAL POSSESSIONSWhile desiring things is not inherently sinful, it's crucial to maintain a healthy attitude towards money and possessions.Differentiating between wants and needs allows for responsible spending and reliance on God for provision.Implementing a spending plan and waiting on purchases can shift desires and help distinguish between necessities and luxuries.Material possessions are part of life, but our desires for them reflect the condition of our hearts. Avoiding materialism involves prioritizing our relationship with God and finding contentment in His promises and provision. ON TODAY’S PROGRAM, ROB ANSWERS LISTENER QUESTIONS:My sister is contesting our parents' will, which leaves everything to me. I've been financially burdened by legal fees and my cancer diagnosis. I'm trying to find a way forward but feel lost and my faith is shaken.I'm interested in buying land but don't have the cash available. I have substantial retirement savings, and my financial advisor suggested using a portion of it without major consequences. I'm seeking advice on whether this is a wise move considering my retirement plans. RESOURCES MENTIONED:Find a Certified Kingdom AdvisorFaithFi App 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.

Carolyn Calupca on the program was a long time senior producer at Crown Financial Ministries where she worked closely with Larry Burkett for many years. She’s now a frequent contributor here at Faith and Finance and the author of our new 4-week study guide, Rich Toward God: A Study on the Parable of the Rich Fool.  WHAT IS THE HISTORICAL CONTEXT OF THE PARABLE OF THE RICH FOOL?Jesus delivers this parable in 33 AD, during a time of significant political and spiritual tension in Judea under Roman rule. As Jesus moves toward Jerusalem for the last time, he attracts a large following, drawn by his authoritative teaching and miraculous deeds. Amidst his teachings on judgment and preparation, an individual interrupts to seek Jesus' mediation in a familial inheritance dispute.The setting is marked by societal unrest and anticipation for spiritual guidance.Jesus' teachings captivate thousands, highlighting his unique authority and the miracles he performs.The request for arbitration on an inheritance matter presents a moment of personal concern amidst broader spiritual teachings. WHY IS THE PARABLE OF THE RICH FOOL RELEVANT TODAY?Jesus' teachings are timeless, addressing the core issues of the human heart, which remains unchanged. The parable of the rich fool is particularly poignant in today's materialistic society, where the accumulation of possessions often overshadows spiritual richness.The human heart's condition and its inclinations have remained constant throughout history.Modern society mirrors the parable’s theme with its focus on accumulating material wealth.Jesus' message challenges individuals to examine the true source of satisfaction and richness in life. WHAT DOES IT MEAN TO BE 'RICH TOWARD GOD'?Being rich toward God entails prioritizing a relationship with God over material wealth and possessions. Unlike the rich fool, who focused solely on his earthly treasures, being rich toward God means acknowledging His sovereignty and utilizing His blessings to serve others rather than oneself.Treasuring God above all material possessions and successes.Recognizing and giving credit to God for all blessings, contrasting the rich fool's self-centeredness.Utilizing God's resources to serve others, highlighting a shift from self-service to serving God and community. HOW CAN THE STUDY "RICH TOWARD GOD" HELP GOD'S PEOPLE?The study "Rich Toward God" encourages introspection on personal values and priorities, guiding individuals toward a deeper understanding of what truly satisfies the soul. It asks probing questions about one's deepest needs, the pursuit of abundance, and the journey to becoming rich toward God.Encourages self-examination of one's deepest needs and sources of true satisfaction.Guides individuals on a reflective journey to discover how to become genuinely rich toward God.Offers practical questions and insights to facilitate personal spiritual growth and reevaluation of life's priorities. ON TODAY’S PROGRAM, ROB ANSWERS LISTENER QUESTIONS:I'm considering a reverse mortgage for my home valued at $200,000 and want to know if I qualify and the benefits.I want to place an alert on inherited property to be notified if someone tries to sell it or use it as collateral.I have my savings sitting in cash within a Fidelity account after losing money during the pandemic. I'm 71 and need to know about required minimum distributions for this year.As newlyweds living debt-free in a tiny house, my husband and I are looking for advice on saving for a larger home to start our family, considering our modest beginnings and desire for financial literacy. RESOURCES MENTIONED:FidelityBankrate for emergency savings tips.FaithFi App for tracking monthly expenses and budgeting. 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 IMPORTANCE OF A HEALTH CARE DIRECTIVE IN ESTATE PLANNINGA Health Care Directive, also recognized as a living will, Medical Directive, or Durable Health Care Power of Attorney, is an indispensable legal document outlining your medical care preferences when you're unable to communicate. It plays a critical role in estate planning, ensuring your medical and end-of-life wishes are honored. KEY COMPONENTS OF A HEALTH CARE DIRECTIVE:Understanding Its Purpose: A Health Care Directive specifies your wishes for medical treatment, end-of-life care, and the handling of your remains, eliminating uncertainty for your family during difficult times.Choosing an Agent: Select a trusted individual, whether a family member or a friend, to act on your behalf, ensuring your healthcare decisions are respected if you're incapacitated.Specifying Your Wishes: Clearly articulate your medical treatment preferences, end-of-life care, and post-mortem arrangements, providing clarity and preventing potential conflicts among family members.Communicating With Your Family: Openly discuss your Health Care Directive with your family, explaining your decisions to ensure understanding and reduce the likelihood of disputes. BIBLICAL PERSPECTIVES ON PLANNING AND WISDOM:The concept of a Health Care Directive aligns with Biblical teachings on wisdom, stewardship, and preparing for the future. Proverbs 13:22 states, "A good person leaves an inheritance for their children’s children.” A Health Care Directive is a practical expression of this wisdom, ensuring that your healthcare wishes are known and respected, ultimately serving as a form of inheritance by providing peace and guidance to your loved ones. THE PROCESS OF CREATING A HEALTH CARE DIRECTIVE:- Step 1: Select an agent who understands your values and wishes.- Step 2: Detail your medical treatment preferences and end-of-life care decisions.- Step 3: Discuss your directive thoroughly with your agent and family to ensure your wishes are understood and can be faithfully executed. CONCLUSION:Creating a Health Care Directive is an act of wisdom and stewardship, reflecting careful planning for the future. It ensures that your values and desires regarding medical treatment and end-of-life care are upheld, providing peace of mind for you and your loved ones. As followers of Christ, we are called to manage God's gifts wisely, and preparing a Health Care Directive is a responsible step in honoring that calling. ON TODAY’S PROGRAM, ROB ANSWERS LISTENER QUESTIONS:I'm debating whether to roll my TSA into a 403(b) and if a 403(b) is considered an annuity.I have $1,000 to invest and want to know the best place to grow it, considering I already have an emergency fund and retirement savings.At 77 years old, I'm contemplating selling my property in East Texas and am concerned about how capital gains tax will affect me.My FICO score dropped from "excellent" to "very good," and I'm unsure why this happened and if I should be concerned.I'm trying to exit a timeshare that we've sunk a lot of money into, including a large fee to a company promising to help us get out, but we're still waiting for resolution. RESOURCES MENTIONED:Edward JonesSound Mind InvestingAnnualCreditReport.comTUG - Timeshare Users Group 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.