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A Money Transformation

MoneyWise / Rob West and Steve Moore
The Truth Network Radio
December 14, 2020 7:03 am

A Money Transformation

MoneyWise / Rob West and Steve Moore

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December 14, 2020 7:03 am

When we accept Christ as Savior and study God’s Word our lives are transformed. But as believers, we may not realize that God also uses our money to help shape our character and change us. On the next MoneyWise Live, hosts Rob West and Steve Moore talk with financial expert Ron Blue about how dealing with our finances God’s way is always best. It’s all about a money transformation on the next MoneyWise Live at 4pm Eastern/3pm Central on Moody Radio. 

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Neighbors know their lives changed after accepting Christ and studying God's word but many may not realize that money plays a role in the transformation. God uses money to ship our character, no matter how we use it, but trust me, handling finances, his way is always better today kingdom advisors Pres. Rob last talked with financial expert Ron blue about that.

Your calls at 800-525-7000 800-525-7000 five Steve money transformation that's next on moneywise live Ron blue was the founder of kingdom advisors and has written a shelf full of books about handling finances God's way. While he sure has Steve and Ron speak from personal experience when he says that following God's financial principles will change you often dramatically brought a delight to have you back on the program. Always take us on your journey of discovery if you will about how God uses money to transform us in our walk with Christ and of this is been really a hallmark of your teaching for a long time while you started out on Wall Street and I learned a lot about their accounting firm for seven years and a lot of personal planning printers and nationals and then when I became a Christian and began reading Larry Burkett's work really hard. I began to realize that everything that worked in the financial world can biblical wisdom and show over the last 40 years. I just had a front row seat to God's work of redemption and restoration through people's lives in Austin that occurs as a handle my act. I believe that money is a retailer of the heart and an intro to the heart and is one of the bottom line things when it comes to managing my life according to God's grace and Billy Graham said when you get your attitude about money right life tends to fall into place certainly been my experience as well. In the late Larry Burkett tell you mention him just a moment ago. He took it. Perhaps even a step further. Ron when he used to say, the way we handle money is the clearest indicator into someone's spiritual life. Would you agree with that all absolutely every speech I give a quote that you give me your checkbook and your credit card statement. I can tell you what your goals, your priority of your values are and I can even see how you spend your time to some extent how often you go to the grocery store and what you want to and it reveals what idea how I work from the well to the Commissioner actually's first break. Here are some of the things you've observed learned along the way as you watched men and women handle money God's way. Well first of all I think that God owns it all changes everything about the way that I shake life I become a steward of the posterior owner entrusted with. I think that another thing that happened to be content in their content because they have an eternal perspective, and they know they know where they're headed.

And they know that there will be a balance relative to this life, and money, but their content before they are now and they trust God and his ways to give them the wisdom to make that are true to his word and they believe God is in their financial life will give them wisdom and guidance and direction, he will always never leave you not forsake you. And that comes with money husbands and wives talk about money now that it's one of those things.

It can be either a very life together. Or it can be a unified one. Learn how to talk about money, a lot of communication problems so true tell you what you just described is something everybody wants everyone to attend one piece of mind.

We want better communication and that's what happens.

We apply God's truths will impact is even more right around the corner, listening to moneywise live your host Rob Wester guest Ron blue Steve Moore and would like to take a brief pause back and take some calls later in the program.

800-525-7000 will be right back money and life run on the same track.

Unfortunately, sometimes it seems like your money is heading in a different direction from your goals and never enough three keys to financial contentment. Author Ron blue helps you to break down all your financial options to a basic floor and then shows you how to keep it all chugging along in the right direction on the same track never enough three keys to financial contentment available when you click the store button at moneywise live to work. Thank you from the bottom of my heart I could've had the procedure I needed without CHN's help in sharing the bills that letter from a member displays Christian healthcare ministries purpose to glorify God and serve his people. CHN is the original noninsurance voluntary health filesharing ministry, enabling its members to share the cost of each other's medical bills, call 800-791-6225 or visit CH ministries boring time to make a change in the possibility of a position is looking to fill a number of management national and not worth your time and position openings available now. You'll find jobs online job.org. How do you reach people who call themselves Christian but don't know Jesus find out by reading the unsaved Christian Dean, and Sarah was a cultural Christian today. He pastors a thriving church that he wrote this book to offer starting points that lead to deeper conversations you'll be equipped to confront cultural Christianity and lovingly share the gospel to the cultural Christians in your life. Cultural Christianity is a huge mission field in desperate need of missionaries get your copy of the unsaved christian@moodypublishers.com how did you feel the last time you made a not so good decision as pastor Andy Stanley points out our decisions, like the steering wheel of our life and so you get decision-making right you get life right in his new book, better decisions and fewer regrets.

You'll learn five critical questions to apply to every decision you make. So you can feel confident you're getting it right. Request your copy with any gift to moneywise of $25 or more@moneywiselive.org when you accept Jesus Christ as your Lord and Savior also notes of things will change in your life whether you realize it or not, and one of them is your approach to money God's money which he gives to us to managing here to talk to us about how that changed his life, is author and teacher Ron blue run run just before the break you were describing some of the realities when we recognize that God owns it all.

It changes everything in our lives not only in our relationship with money but also in a relationship with the Lord and you know one of the things you've talked about for a long time is the importance of this idea of answering the question how much is enough and that's really a key part of this as well talk about the fruit of being able to define your financial finish line.

When you embrace this idea will line you know when you arrive. If you don't mind. You never stop, and I think into areas lines and financial freedom really are worse the lifestyle that I want to choose no mention of time returned to Harvard MBA Finish lines on her lifestyle before they look they did it right. Consequently, when they receive awards for what they do they know how much to keep, how much to get. I think setting a finish line in the accumulation is important so that I know when enough is enough. Just from a worldly perspective is never enough from God.

There is an answer to the question, how much is and it will give you great freedom.

The reality is when you begin to walk in faith including in your financial life. It changes your goals your financial goals. Even how have you seen the goal setting process change when you recognize God's ownership, ownership, and you lifestyle and long-term about what you would like to do financially. Client first of all, that you can't accomplish anything. Unless you have some financial margin in your life.

So when you recognize that you're handling my plans for you changes the way that you manage the money that interest you to have changes, perhaps even years. Thinking relative to education is provided Christian education nurse in a Christian school homeschooler public schools are not long, but money is just a tool to be used to accomplish God's purposes and he calls you felt like this world and therefore when people look at me.

They should not for someone better patient to someone different different priorities, different different goals and objectives with the resources that God has entrusted to us so everything changes and you mentioned a moment ago. It can even change your communication in marriage, but how have you counseled couples where one spouse really understands this and this is embraced, and perhaps even invited the Lord into the financial into their financial life. But the other spouse isn't on board and there's really tension there with money at the core of that. How have you counseled them to move forward and that you do not get what collecting was the fact that different people would generate differently, and our values are different. Can so we have to learn to live together, and we live together out of one checkbook changes a lot of other things I yesterday I got a call from somebody that I've known for years and she said you changed my life by the advice you gave me when I was in my first marriage when you can and God needs your marriage to work more than he need your mind. She wanted to try.

He wasn't saved.

He didn't want to honor your marriage is probably the higher priority has all the money needs and she said he still gives testimony and how that changed his way you can really change everything in our marriage relationship. You say before I did and that she wanted the income that I was earning. I'm not sure November to what I was thinking to know Judy was was a Christian, you are like-minded in many areas. I have to presume that all through the years that you wrote all these books that people have a nearby on the bookshelves that even you guys saw some things differently when it came to your money in your finances and there was some growth and some learning. Probably most of that inherent that had to happen right you could be more true. I communicated we have a financial advisor and financial advisors.

I required all of our client manager and advisor in the region is third-party commentator may not tell you something new about money is in my case, but he sure did help the communication between you and having him sit in on a meeting where we talked about money really facilitated a better relationship when it came to money and hours counseled people is not his money is not her money and jobs money and the way you spend money away is an awful lot about your marriage great help to your marriage, your great barrier rights just couple of minutes left use in more than one book that money is a tool you described that a moment ago but you've also said that it's a test and the testimony quickly mention those last two what you mean by its test. And it's also a testimony that I've learned to be content. Learn how to have a little and I learned that I have a lot so a lot of times God uses money to build my faith and we can be a test and secondly it is without question is a testimony because what it how I how I treat money, how generous I am now content. I is a credible testimony to the rest of the world, and I think right now in the culture we live in.

If I can demonstrate contentment, confidence, peace and joy.

Communication. The world would look at that as well.

Money speaks to somebody's life like that and it works and speak to all of my life since I looked at money is maybe being evangelistic and discipleship to it's also a testimony to the next generation as our children learn to live by. Holding money with openhanded delighting in the possibilities of biblical financial stewardship. Ron, thanks for being with us today. My friend, thank you for having you can read more about transforming your life with biblical financial principles in Ron's book and never enough available@moneywiselive.org will be back with your calls after this.

Do you feel like your hands are tied with dad preventing you from serving God.

If you have credit card debt. Christian credit counselors can help through our debt management program we can get out of credit card debt. About 80% faster while doing your get info for more information on how Christian credit counselors can help visit Christian credit counselors.org Christian credit counselors.org or call 800-557-1985, 800-557-1985. You have a strategy for your finance your career even your strategy for your getting Christian foundation and your family maximize your to learn how many lines that work of God in matters when completing on this planet in your heart that you cannot what I'm doing with time and eternity is beautiful in their time mind you eternity. Everything a human being. Whatever work they do not lean toward the things of God cannot get away from it. We can drive yourself crazy. We can drink ourselves into a state we can take every week and we can we know today is my phone number.

Bunch of open lines right now, a bunch of course, could mean anything from bananas to a well I do know highly technical radio term more than likely in this case it's bananas but we have opportunities for you to get in 800-525-7000 any sort of financial question anything you're quizzical about any conundrum you might be dancing around, give us a call today 800-525-7000 we begin Robbie going to see how about Selma, Alabama, and Jolene nice to have you there, what's on your mind and your) money and so you can get time in my life. I mean they need help. A water here that lifestyle that I practice with money have been denied any type of credit anywhere and I was wondering if you any farms or any banks or anywhere any bias you can give me on that.

As far as I I need to get approximately $1000 for water heater installation and all of that supply yes well Julie, there's really not a quick fix here in the lending process does rely heavily on credit scores switch to your is you conducted your business the way you have which I don't disagree with that all unfortunately is leaving you with a lack of credit, which can be just as that mixing in some cases as having bad credit, although it can be remedied quicker. Even though it is the end of the day.

In both cases, go take a bit of time.

You know the most effective way for you to do something like this would be to open a credit card either a secured card or if you don't have enough credit to get an unsecured card. The secured credit card and basically what that means is you would put a certain amount on deposit with your bank.

Let's say $200.

They would then issue a credit card against it, but the $200 limit is secured by the amount on deposit. Now every time you charge something that would pull it out of your checking account. If they did that be a debit card. They just know that it's there. So for some reason you didn't pay it off or pay it.

As agreed, then they could take the money on deposit so they are secure.

At that point, the benefit to you. Though Jolene is you could establish credit this way. So I would do in this case is put a recurring charge on that card something that's a budgeted item. Maybe a utility bill or something like that just hits that card every month you pay it off in full and you of course don't accrue any debt. Therefore, you don't pay any interest and in doing so, that card would be reported to the Bureau with you being on time pair.

So that's going to take care of you over the next six months or so starting to establish credit. It's not going to deal with a short-term fix. So in the meantime, do you have any margin on a monthly basis that you could start to sock away some money because it could be that if you can. Let's say pay for half of the water heater. You know up front, then you know perhaps they would okay so I think that's the key is just look at you know, perhaps using the in-house finance company of the plumber I'd probably go to some of the larger outfits in your area.

Look for the biggest companies out there that tend to have more in the way of financing options. Let them know that you are going to put a good bit down and just see if even though you have a lack of credit you know they would extend this to you. It's a nominal amount. Obviously you'd be focused on paying it off quickly. If not then I think at that point you have to delay this as long as you can in either try to save for it or try to establish some credit over the next several months in the way I described, perhaps using a secure credit card and I've been praying and I have all my crap why he is praying with me that doesn't leak, it's not leaking so far and have been praying… That rush to a point where it just blows it back in a bad situation.

Well Julie, have you made your church family aware of the situation because perhaps somebody especially this time of year might be willing to step provide some assistance absolutely your advice on checking the largest plumbing companies putting down the most and I can see what their financing are no that would be the best way to go, what shall I say this way to go is going to the bank to get this secure credit card account correct, although that could be something that would help you down the road if you needed to do something like this again because you could begin working on establishing a credit file and getting enough credit history that you can have a score that would allow you to do things like this, again, not for the purpose of getting you into debt just getting you to a place where you have the ability to conduct business with a credit score that used more prominently than ever now so I would try these options to be sure to check back with us. Let us know how it turns out we appreciate your call and for Jolene if you stay on the line for us for just a moment, would like to get some information from you and were glad that you called today, we trust that God will answer that prayer. Even before the Christmas holidays roll around that would be a great way I think to approach the holidays not having to worry about whether you have hot water or not and you keep us posted Less. Thanks so much, 800-525-7000 is that phone number. We have open lines. If you have any sort of financial question just call right now 800-525-7000 rep we have a quick email. This is from Julie. She says hi Rob, thanks for the show I listen daily. We are working really hard on her spending plan.

And we've come up with an extra $300 a month you don't have any emergency savings and we have $5000 in credit card debt.

So how should we prioritize this month's surplus pay down credit card debt or build up our savings yeah Julie, thanks for listening regularly and you know this is a great question because it's one that a lot of people face and that is that you when you're trying to get your financial foundation shored up, i.e. you don't have an emergency fund and you need one you have credit card debt you're trying to dump that investing is more than just return.

It's an expression of who you are and what you value is the way you invest your money like your identity as a Christian and eventide design investments for performance and a better world so you can invest with confidence to reach your financial goals while remaining true to your Christian values and commitments. We call this investing makes the world rejoice more is available eventide.com invest eventide.com for 30 years and sound mind investing has been helping Christians reach their financial goals. Step-by-step guidance for investors at every stage.

Those just getting started, those getting ready for retirement through scriptural principles and practical suggestions.

SMI offers financial wisdom information, including a short webinar on profit and peace of mind and matter what's happening is available at sound mind investing is there a place for you to find out when you read an and the after a one volume 7 hallmark works in heaven in the afterlife lifts the veil on eternity and reminds us that this world isn't all there is. This book will challenge you to see what cannot be lost before it's too late in the available online or at your favorite Christian REIT for more Moody publishers.com okay raisins one cracker single almond yet sometimes Christians themselves actually wanted to get something.

We all were you like your life to be infused with joy. Would you like to interject an dimension into even the most ordinary day on the radio says you can when you discover the treasure principle concise powerpack style is newly revised and updated book offers a six step plan to finding the pleasure and eternal treasure what you discover. Life will never look the same treasure principle is available when you click the store, but moneywise live presidential electors coast-to-coast casting the boats that are expected to choose Joe Biden is the nation's ex-president resident Rob says the election fight is not over, the largest US history underway with health workers getting the first shots hospitals are rolling out the first small shipments as boxes of frozen vials arrive at locations around the country. The injections begin an effort to try to be back the coronavirus is the patient's death told there's a staggering 300,000 Cleveland Indians changing the name. They don't know just what or when, after months of discussions, the American League team is dropping the name. It's been known by since 1915 talks finishing next to David almost 184 points.

But as I gained 62 and the S&P was off 16 this is SRN news moneywise where we do our very best to remember that God owns it all. One managers and in order to do that and understand that a find help to apply that we look directly into God's Word, the Bible. If we can help you today as you work through your own personal finances. Give us a call 800-525-7000 out to Colorado Springs, Colorado, Brandon, Sir, what's on your mind, so I currently work with my not and I was wondering how it fitting to five and also manage the money with taxes not being automatically deducted. Yeah, that's a great question Brandon so couple of things. Number one is that I would take a step back and just look at the whole principle of the tide. I love the using the principle, the tide is really the starting place for your giving. If we do that we look at the tire that is based on the increase of the question is, what is your increase on a monthly basis and you can look at that had a gross basis or on a net basis you I would tend to say I like the idea of your increase being your gross income. The amount coming in now not related to a business that has business expenses. I'm talking about the total increase coming into you as an individual before you would take out for taxes and before you put any retirement savings aside or you will pay health insurance or anything like that but at the end of the day. We don't want to be legalistic about it. Remember, God wants your heart and I think the idea that we would be faithful givers is really first and foremost, and it's between you and the Lord at the end of the day and so I think starting to give systematically and proportionately which is what were called to the New Testament proportionate giving I think is really the key. So if you wanted to type on the gross basis. What I would do is say you take 100% of what comes in and you take 1/10 and you did send that on I would say to the storehouse your local church and then beyond the tide you would give it, perhaps even sacrificially to other ministries at the God that the Lord places on your heart if you wanted to start though you were not prepared to do that you want to work up to that and you said you know what I'd really rather do it on a net basis will then you'd simply say okay after the income comes in and you take out what belongs to Caesar as a self-employed individual not only of the federal but also Social Security tax and all of the attacks that would be due, then you could do it on that basis and you just get a net amount that really would be your money to keep an eye again.

I think that's between you and the Lord how you approach that but at the end of the day it's gonna be 10% of the increase that you would give as a time. Does that make sense yeah so far, you know putting you know whatever after my living expenses and typing and everything along those line I would you also recommend for you know not really retirement. But as far as an investment portfolio so would this be when you say not necessarily for retirement, what would be the purpose of this money is as you think about the money you're describing right now. What's the ultimate objective for its use so that it can grow a college and everything like that and so they can grow for about a year and hopefully I draw that into college tuition and everything got it.

Yeah, you know, Brandon is much as I love the idea that you as a young man just getting started here would start to establish some long-term investment portfolios. Yet if your time horizon is anything less than five years. Certainly, you know what you're describing in a year. I wouldn't be an advocate of you putting this at the risk of the market because bottom line is you know, we know that over the long haul. A properly diversified stock and bond portfolio is going to be the very best place to build wealth if you're systematic in your investments and you got a long time horizon and by long time horizon. I would say typically 10 years plus.

But if we start looking at this in six and 12 month increments. Nobody knows where the markets going.

We had a huge run up last year, despite the fact we are in the midst of a pandemic that we got all kinds of changes coming and you know could the market continue to go from here up, sure, but couldn't rollover could we even had a recession in the next couple years, even over the next 12 months it's possible. And so we don't want to try to time the market and that's what we would have to do if you were to say I want to invest. Knowing him to pull it out in 12 months you could end up withdrawing less than you put in just because of the time horizon. So I would encourage you to going put this in just an online savings account at Marcus or Capital One 360 row I bank to learn about half a point, meaning one half of 1% in the form of interest, but the best thing is, the money will be safe and secure and you'll know that it will be there when you're ready for 12 months Brandon were glad you called today. God bless you. Thanks very much. Dade city, Florida Bonnie, how can we help you going to be tomorrow and I will be retiring in May drop program at school and that money within 30 days and I retire which will be May 30.

What do you suggest yeah buddy will first of all, happy birthday to you one day. That's exciting and congratulations on your upcoming retirement that is also exciting. Let me ask you I will answer your question, I promise what you feel like God has for you in this next season of life would you most looking forward. I have no idea what I'm doing when I grow up I will just remember you're calling doesn't have an expiration date, so I'm confident the Lord has a lot in store for you in the season where you have the most wisdom and experience to use in serving him and encouraging others. So here's what I would think about with the drop of money I would be interviewing some certified kingdom advisors there in the Dade city area because you're gonna want to roll this over and you're gonna want somebody who's got some real professional expertise managing this for you. This is money you've accumulated throughout the whole of your working life, and this is not something just stick on autopilot. I think it's something that competent investment professional, especially certified kingdom advisor who brings God's perspective to bear.

In light of these decisions can really help you think through. First of all, what is God calling you to in this next season.

Do you need to gin and generate an income off of these investments and if so how much and what is the right portfolio to make this last hopefully.

As long as you're here in the Lord Terry's so that it can be available to supplement your income needs but not take any unnecessary risk. So I think that your next step so I'd head over to moneywise live.org click find a CK and then put in your ZIP Code and might interview up to three and find one that's a good fit for you and really make sure he or she is really curious about what God has for you and talking to you about how they would handle this money in light of your goals and objectives, and I think I will be the best next step for Bonnie. Will there be a party of any sorts tomorrow on the loan. Okay all right well that would have to sing to you right now. Happy birthday to Lonnie happy birthday to Lonnie. I sure hope this cake. Happy birthday to Bonnie and Bonnie God bless you as you look forward to whatever God has for you because you have many many more years to go. I got blessed. Thanks very much for listening to moneywise live will sing anybody for anything. But if this cake well that just courage. As I hundred 5257 phone calls. Many people adopt an attitude toward marriage and finances that it'll all work out somehow.

But sadly, it often doesn't financial woes can devastate a marriage but there is a better way.

God's way, money and marriage God's way by Howard Dayton will help you discover God's approach to growing your finances strengthening your relationship with your mate and cultivating godly joy, money, and marriage God's way and moneywise.org the financial wealth you leave behind could be the best thing that ever happened to your loved ones or the worst in splitting hairs. Given your money and things to your children without ruining their lives. Ron blue explains why it's important to make these decisions now, instead of forcing your heirs to do it later.

Splitting hairs will foster a real appreciation for the precious resources that God has entrusted to you, and it's available. Click the start button moneywise.org is here to help me understand God's purpose for your life to the eyes of a layman were regarded 35 million of us are going to church solid the word and pray for a country were basically waiting on our politicians and bulbs to get America back on track. But that's not going to happen because America's lost faith in its politicians and rarely enter search without being invited.

You are the worldview of the church there only view what Christ actually looks like your role as a Christian is about God living in you and being seen you to the point.

The people have what you have and you are Christ's ambassador to your world work. You are a witness for God or his prosecution. With everything you do is say throughout the entirety of every day your job is revival outside the walls moving everyone and everything else doing tomorrow. TW.com hospitality Dustin Willis and Brandon Clement say it's the simplest way to change the world gospel centered hospitality makes a powerful witnessing statement as we open our lives and homes to the simplest way to change the world show you how you can be hospitable even if you don't have the most people are more likely to step into a living room sanctuary. So why not read the simplest way to change the world more Moody publishers.com feeling that it's time to make a change in the possibility of a position number five management and not worth your time and position openings available now. You'll find jobs online job.org Rob things about this radio program is that well is Samantha my head here. This program started back in 1988.

It's been 30+ years, maybe 30 to 33 years like that and during that time many many many times people have called in wanting to help other callers and they don't even know one another. They just get to know one another by listening to this program in hearing how God has blessed and used others in the in the kingdom of God, and someone has reached out and wanted to help us in a special way this Christmas time right what's exactly right Steve you know whenever we have somebody on who's in the just a real desperate situation. The need is obvious.

The need is genuine. It's amazing how you are listeners. God's people respond and they start calling and saying how can I help this person.

I want to send some money. I want to be a resource and it happened just today with Jolene. It was describing what was going on with her hot water heater. We have three phone calls from people saying how can I help.

Well good news is coming early next year.

In fact, in the first couple weeks of January were going to be rolling out the moneywise helping hands fund and we are so excited about this. The bottom line is you will be able to help people get on the air that have a real need and when God breaks your heart to you in the you say I want to be a resource.

There are teams going to be able to look at each one of these situations that they need and actually the money that comes in will be sent directly to whatever the need is not in the form of cash, but it will go to the plumbing company or the utility company or whatever it is that where the need exists will be able to get the money right there and so were so excited about it and I will have more details on that. But that's just one of the great new things it's coming on this program Steve next year.

As we look for new and better ways to serve you and serve God's people and it's going to be the moneywise helping hands fun. I love it. It's always wonderful to see God's generosity manifested through his listeners, his saints, and the people to listen to this radio program and we want to thank you all in advance for that tobacco iPhones here Des Plaines, Illinois hi Kathleen, what your situation anyway. I think the point that killing adult children who are living at home. My son and our house but we are getting older and doesn't really understand that money we have and what you know there's things that come up that we take on the money that we are saving for.

I don't know how to get him to understand the importance of the void helping financially, not only for our benefit, but for their own because their 23 and 26 and turned down apartments because of not liking the rules about the parking in are not meeting their friends parked their cars there no silly like that and anyway so it's like to go I got were not moving they think they're going to. I wouldn't care if they were contributing anything I wanted dollars that we like nothing or what they're making well Kathleen I couldn't agree more with what you talking about here. There is nothing wrong with expecting your adult working children to pay some rent if they're still living at home. Unfortunately you are and I realize this is not your decision alone, which it sounds like you would have things a bit differently but you and your husband are making it very easy and actually very enticing to stay right where they are and not move out on their own to take on the real world and learn what it means to manage God's money and deal with the bills that come in the rules and the responsibilities of being an adult and unfortunately is much as you all might want to in your husband might want to be a help to them because he loves them you're doing them a disservice at the end of the day by not putting it parameters around their time with you both in the form of saying that were going to require you to contribute to the expenses because not only is this, do we not have the resources to fund some of these expenses but number two where not encouraging you to assume your responsibilities as an adult now that you're working in get out on your own, and I think beyond the financial requirements on a monthly basis. Having a clearly defined exit plan that says you can stay here for six months and when the six-month rolls around. If you have anywhere to live here any belief and you know you have to find something and so you better start looking now, you better have a plan. And even if you all wanted to take the money they were sending you just put it into savings without telling them perhaps to provide rest and security your helpful gift as they're moving out on the road. That would be fine. Again, if you have the ability to do that but at the end of the day you've got to establish the parameters that are going to help them begin to establish themselves as adults and not place an unnecessary burden on your financial situation which is you said it is already pretty tight, so I think at this point, you got to sit down with your husband and say listen we don't have the resources and we are doing them a disservice by continuing to allow them to live here without contributing anything financially and at this point there is no reason for them to leave, which is not in their best interest.

I would ask the Lord to give you some wisdom on that and then I would recommend. Perhaps the strategy of a putting clearly defined timeline on this that you and your husband would agree to whatever that is. Maybe it's a year.

Maybe it's six months you will agree on that together and then secondly decide are you to take the money you asked them to start contributing to the family expenses, and keep it, which should be perfectly appropriate because you are absolutely and taking on some additional expenses as a result of them living there or this may make your husband feel better. Are you going to get in socket away so that you could help them when it's time for them to move out and perhaps that's how you can help them get launched. In either case that's really what needs to happen so asked the Lord to give you some wisdom asked the Lord to give him real clarity in terms of seeing what's actually going on here and then I would approach them with that conversation, Kathleen. You're not the first person we've heard from who's been in this situation.

Often it's the husband who is playing hardball a little bit more than the mom.

Not that you're playing hardball.

We think you recommending the very right thing for your children's growth and wish you the best. Thank you very much for that quickly. Indianapolis, Indiana Adam, we have just a couple of minutes here what's going on in your life's are I will Ensure through. They are eventually going what I am kind collection. Unfortunately, there's really not a quick fix to this and anybody who can tell you they can cortical repair your credit. I wouldn't do it because really, anything that can be done. You can do yourself the key is to really get this situation rectified in the form of getting these amounts paid off and then having them noted appropriately on your credit report so when the time comes, even though they want to collection and that will be there in terms of the history on the credit report as soon as those accounts are zeroed out and therefore paid in full and then you replace all of that negative history, which is going to go temporarily as you said really trash the credit score.

As you can begin to reestablish yourself with paid in full accounts and new credit that's on time. Moving for. I think that's really going to be the key, and so you I think he unfortunately there's not a solution here apart from you beginning to reestablish yourself as an on-time pair so just give this some time.

Let it play out if you say you are going to eventually be reimbursed and therefore you can take care of these accounts. That's obviously the key stay on top of that, credit report and make sure. Once those are paid in full, that it's noted appropriately, including with those collections accounts and I think that's about the best thing you can do moving forward in Insurance Rabbi, can you briefly explain with what that is and how we should or shouldn't have that well just depends on what type of insurance you have Steve, but gap insurance is know for many folks, this is where it's coverage in the event of an accident where you been badly damaged or total your car.

It covers the difference between what the vehicle is worth and what insurance is coming in so that there really everything can be paid at that point. Gotcha gotcha okay and then lastly before we put a bow on it for today. We were speaking about the generosity of God's people. Well, someone has come to us privately and said I want to help the ministry and give us the details on that route yeah really grateful for this situation.

As we head toward year-end where we work off of a budget hearing moneywise media as you might imagine, and so making sure in these challenging times that we see all the resources we had budgeted come in. We had a friend of the ministry step up to say I want to make sure you get there. As we close that gap headed toward the end of the year and so this couple is going to match every dollar that's given the money wise media between now and 1231 so if you faithfully listen to this radio program you count on the wisdom from God's word and you show up to enjoy the community that is the money wise listeners and callers which assess you prayerfully consider a gift here herein what you can know for sure is that it will be used wisely and your impact will be doubled. Just go to the website moneywise.org, click the donate button or you can call anytime after the program is over and I just tell the wonderful folks 24 hours a day to answer the calls that you'd like to make a gift will be sure it gets matched and we want to make. Thank you very much for giving us consideration in that way. This program been on the air from Rob last time Steve Moore thanks for listening moneywise.

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