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May 24, 2021 8:03 am
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Let's call it the couch cushion – this is the moment when you need a tip for the pizza man a few bucks for your kids lunch or you can't say no to the sweet eight-year-old and her thin mints you've got no cash and no other options but to tear apart the house searching for hidden money. It's Ryan from United faith mortgage and it's funny how we can usually find a way to scrounge together a few bucks, hidden around our house. Shame on you if it's from your kids piggybacks for many listeners, though there's enough money sitting inside your home to buy a swimming pool full of thin mints, home values have gone up across the country. The last few years, leaving many of us with a good chunk of equity tucked inside our homes that we could cash out to use for life. If you'd like us to help. We are United faith mortgage United faith mortgage is a DBA of United mortgage Corp. 25 Millville Park Rd., Melville, NY. Licensed mortgage banker for all licensing information, go to an MLS consumer access.org corporate MLS number 1330. Equal housing lender not licensed in Alaska, Hawaii, Georgia, Massachusetts, North Dakota, South Dakota and Utah and that increasing the money supply and massive government stimulus spending, the economy is showing signs of inflation. Investors are rightly concerned about it, but really were Rob West. There are many reasons to be wary of inflation that there's at least one factor that should keep investors from hitting the panic button investing expert Mark Miller joins us today to talk about literature calls at 800-525-7000 805 five 7000. This is moneywise live guide financial decisions. Well, her good friend Mark Miller is the executive editor of sound mind investing where his able crew has been keeping a sharp eye on inflation and he has much to report.
Mark welcome back. Hey Rob good to be with great to have you.
You wrote a deep dive into inflation as the cover article of the May issue of sound mind investing Mark, why are people so concerned about inflation right now.
Yeah, well, there really are two things that are driving this inflation concern Rob, you know, the first is that anytime the government does anything new that looks or smells like money printing out people get rightly concerned and over the last year we've seen unprecedented borrowing plenty of new programs where the government spent sending multiple checks directly to people and all all that sort of thing so people are our rightful way you know paying attention little bit concerned and then you've got the fact that the Federal Reserve has been literally creating more money last year.
The money supply increased a whopping 24%, which was the largest increase ever in the hundred and 50 years that we have data on that money growth series. So we've got a couple of powerful things that we can check the box for the theoretical side of potential higher inflation then you just add in the practical what people are seeing every day all around them in terms of higher prices.
You've got food increasing will these lumbar stories. We all keep hearing about used cars. Just a lot of prices that have been rising, that are kinda in everybody's face and there's really no debate about whether prices are rising right now. Just a couple weeks ago we got the first really big official inflation number. We got inflation report that said that inflation was up 4.2% over a year ago now 4.2% may not sound like that much to people but that was the highest level that we've had since 2008, so that's a long time and this is a big number. So lot of inflation fear out there right now and you know where the rubber really hits the road in terms of of this program and are investing you know if we have entered a new inflationary regime. There are really significant implications for the way investors should construct their portfolios.
Well, that really is the big question is more of the said calls this transitory, which means they think it's good to be short-lived. What say you have we entered into a new inflationary regime yeah you know it's that's a really good question. It's a tricky question and I'm frankly right now it feels a little bit like tilting against the wind, because when you have the type VII and inflation numbers coming in that were getting right now that will probably see next month maybe the month after that, just because of these year-over-year increases from where we were a year ago. It's hard to tell people yeah but you know, just wait a little while and a lot of this is going to go away, but I would just say if you think back to where we were a year ago we had several months of their in a row where we had some of the most massive deflationary numbers that we've ever seen as everything was shutting down and in the same way that that back then, there were a lot of us telling people look this is a go last forever were not enough permanent new deflationary regime. We would just caution people little bit right now as were seeing these big inflation numbers to maybe just hit the pause button a little bit and think about is it really guaranteed that this is going to just continue indefinitely into the future. After all, you know, we really were not in a big inflation push Glen Cove. It had a year ago Smith to think carefully about this great point will continue to unpack this just around the corner is that inflation is going to be a lasting problem.
What you doing your portfolio joining us today. Mark Miller, executive editor of sound mind investing your calls 5 to 5, 7000 thanks so much for joining us today moneywise live on West joining me today segment Martinsville negative editor of sound mind investing with David keeping an eye on inflation and back to the newest cover article of sound mind testing really dealt with this exact topic should we be concerned about inflation right now before we get back to our conversation with Mark, let me just mention phone lines are open this portion of the broadcast that we'd love to hear from you.
If you have investing related questions. Maybe you're wondering about inflation and what you should do about it or how should you position your portfolio. What about planning for retirement. In this period were interest rates are low, and as they had higher bond prices will be falling whatever's on your mind related to investments in looking at those investments through the lens of God's word. We'd love to hear from you. Here's the number 800-525-7000 questions were Mark Miller today 800-525-7000 Mark just before the break we were talking about inflation. Whether or not we've entered into a new inflationary regime.
We talked about that incredible's monetary stimulus that took place during this self-induced recession brought on by a pandemic. But this idea of money printing leading to inflation is something we've heard before, or perhaps maybe during the global financial crisis is that right yeah exactly right Robin, that's one of the cautions that you know we've been looking at real closely and and why were trying to take a measured approach to this and not just jump in with both feet. Like a lot of people are into the oh inflation is back camp Hotmail coming out of the global financial crisis.
Like you mentioned there were a lot of voices calling for much higher inflation and in fact hyperinflation and we you know as investors we actually saw a lot of the downside of that.
This kind speaks to the why does this matter so much, you know, we saw a lot of investors that were coming to us for for a few years after those calls were being made saying you know those those expectations of hyperinflation and so forth. Scared me out of the market and here I am three or four years after the great financial crisis and I'm I've been sitting on the sidelines. This whole time. What do I do so.
These these issues that were talking about today have really big implications for people and that's why we want to try to take a real balanced view. You know back then everyone was afraid of the Fed's new quantitative easing policy is there to assure that was gonna create all this new inflation. We had a new democratic presidential regime with a new big policy with national healthcare and lots of new spending, but we never got those sustained big rises and inflation. We had a short-lived spike in commodity prices just like we are seeing today, but then things settle down pretty quickly into a decade really a fairly low growth and low inflation. So it's a little bit of a reach to say that just because were seeing another borrowing and in this emergency response that we've seen over the last year that this is going to be persistent into the future and cause sustained new inflation. That's really the crux of the issue. There are a couple of schools of thought about this issue.
Arthur yeah, there really aren't so one is obviously that we are in the beginning of a new hire inflation regime and this camp rightfully is this pointing to things like the new child credits that are about to be paid out in some of the other stimulus measures in thing. Look, the government now.
In addition to the Federal Reserve is giving people money directly there, pumping it right into the economy and that's going to have a big impact and that that could be true with you know we we haven't seen that lately in the way that were seeing it now and so really the question, there is how sustainable is that is that the government is Congress specifically in a position where they are going to just keep rubberstamping more and more stimulus, not just in the last week or two we've seen a lot of the so-called red states kind of pushing back now and saying you know what were going to actually put our foot down on some of this additional federal government spending.
We had Joe mansion. Probably the most conservative Democratic senators thing I'm not so sure about more stimulus so it's not really guarantee here that even if the president and his cabinet want to keep the spending pedal push the hallway to the floor that they're going to get everything they want the other side of this argument Rob is that you know nobody is arguing that were not seeing inflation right now, but the question is the other side of this is is this mostly do to the aftereffects of last year's shutdowns and they the disruptions that those have had on supply chains and on the supply of goods which we all are seeing stories about how car companies can't get the semi conductors they need to run their assembly lines full throttle and and things like that but I think as we think carefully about a lot of those issues you know most of us would say those those issues probably last forever as the economies reopen a lot of these disruptions in supply will probably smoothed out and the question is when that happens, are the factors that have been keeping inflation low for the past really the better part of the last 40 years are those factors going to reassert themselves and those three big deflationary factors that are working against this inflation argument are the really high levels of global that the aging demographics around the world really, and of the continual increase in more and better technology. All three of those factors are very deflationary.
And so it's really an uphill battle. Given that none of those three factors have materially changed to build the case that were going to just see inflation as far as the eye can see. Interesting.
Well, clearly it may be premature to assume inflation is going to turn into a lasting problem today just around the corner will be taking your questions were Mark Miller today. The number 800-525-7000, Mark, Matthew called and he didn't want to be on the air, but asked what about the possibility that inflation would have an impact on gold and silver.
How do you see that playing the great question I want to be clear that were not sitting here saying you know you'd be foolish to do anything about the possibility of future inflation. We have made a number of changes this year in our SMI portfolios which we can talk about a little bit later to prepare and to take advantage of this inflationary impulse as far as gold and silver.
Specifically, it's been kind of surprising. Those have been some of the assets that actually haven't responded as strongly to this inflationary pulse over the last say six months as a lot of other commodities have so you look at things like copper and lumber and a lot of the other agricultural commodities.
Those have soared higher. Many commodities are up 50% or more over the last several months gold and silver have actually lagged now. I tend to believe that they are probably going to catch up to some degree.
If this inflationary pulse continues, but I would just note that they have not been the the automatic go to that a lot of people would naturally assume they would be in this specific inflationary pulse that we've had lately interesting well will continue to unpack this around the corner in considering the fact that the seventh in the government actually want hire inflation Markel talk to us about that. What about your portfolios and how you react to an inflationary environment will take your calls.
800-525-7000 just to have will talk to Rose and Kyle Texas and perhaps you again the number phone lines open 800-525-7000. This is moneywise life you decided to then the moneywise live today. I'm Rob West joining in this segment Mark Miller, executive editor of sound mind investing.org a great partner in an underwriting moneywise live were so thankful for the team. It SMI keeping us on top of not only investing but really just understanding how do we handle God's money from his perspective and if you want to check out Morris including this article we're talking about today related to inflation, which was the cover article for the May newsletter sound mind investing newsletter. You can find firstname.lastname@example.org we have some phone lines open 800-525-7000 in the segment questions for Mark Miller on investing in rows and Kyle Texas is up first today. Thank you for your patience Rose, how can we help you will when I let my job for 57 market perhaps purchasing Charlotte.
Do you know what would your investment allocation looks like right now inside that for 57 well, and okay is it just a Whatever it okay so mark your thoughts. She's retired $80,000 sounds like perhaps 80% leaning toward fixed income type neutral funds. Maybe the other rest in a balanced approach. What are your thoughts. I am not 100% sure of of what those for 57 designations are sparse, safe, but assuming like you say Rob that the lion share of that is in bonds and I think that this inflation discussion is very relevant to this because bonds are the place that we would expect if we do have a lot of inflation. We would expect bonds to struggle with that now there are ways to moderate that by being in shorter term bonds that shouldn't get hit as much if interest rates to rise.
You know, there are always a lot of options.
Rose buying some land in a real estate can be a good investment for a lot of people but it's a much more difficult investment for most people. If you're trying to rent that somehow get an income from that that can be very difficult so that is the big advantage of having a more conventional asset allocation mix like you have right now where those bonds can continue to provide some income as long as those are the shorter-term side, shorter-term bonds, I wouldn't be particularly concerned right now about those being hit. Even if the stock market were to go down, we wouldn't expect those bonds to decline in value. The 20% or so that you might have that exposed more to the stock market and other reality is that if we have sustained inflation of any type you really need some of that stock market exposure to help your portfolio. Keep up with the decline in purchasing power, which is really what were talking about we talk about inflation in another way of talking about that 4.2% rise in inflation over the last year is to say that your purchasing power declined by 4.2% and that's why financial advisors typically will say even retirees need to have at least a little bit of stock market exposure to try to keep their portfolio purchasing power growing through what can be enough. A couple decades of retirement and so in I think really to me that allocation sounds pretty reasonable.
Rob, what are your thoughts yeah I think you're right in the sense that you know if we think about migrating over to the real real property, especially land where we gotta think about ill is it going to be built out the way we expected. And what about the axis to roads and utilities and you know land is not income generating because there's not any improvements that we can lease out and as you said market, said more of an active investment where we got some work to keep up with her pay the property taxes all of that versus passive investing in the stock market. I think the key Rose is to get some competent counsel. I think Mark made some great points about the allocation you should be looking at and how you should be thinking about your investments in this season of life and having a competent financial advisor. Whether it's the email@example.com or a certified kingdom advisor in your area which you could find it moneywise live.org so you can help you navigate this build the right portfolio that has a some element that's going to grow for the future and that's going to generate income while we see how this is all going to play out.
This is not a new cycle.
These happen and we work our way through them and the good news is of the Lord to reason you have good health. This money needs to last for decades even once you reach retirement, and having a properly diversified stock and bond portfolio can help you do that with wise counsel, so hopefully that helps you today Rose. We appreciate your call. Let's quickly go to Karen and for your next on moneywise like glad hi all, I have a federal employee and yet he and we offer are able to let my job if part of T. Rowe Price and I'm eligible to retire next year. I might say four years longer but I'm not sure and I'm Like 75% in the fund and the rest E and F on yet he and part T. Rowe Price. I have a lot of right hi, wondering what you think is appropriate. I okay list. If you hold the line were to take a quick break to pause back to Mark with his thoughts and then more of your calls 800-525-7000. This is moneywise live sport, just living with us today on moneywise live talking today about your investment talking about inflation. Higher prices were sitting all around us is short-lived or is this a new legionary regime on my testing joining us today talking about the cover article for the May issue of sound mind investing the newsletter all about inflation and Marco pointed out some really great insights about how we should think about this and how can we draw from history to know how this might play itself out and what can you do in your portfolio before the break we were talking to Karen. Karen is four years out potentially from retirement. She's thinking about continuing to work even though she can retire next year.
Mark 900,000 in the TSP plan thrift savings 400,000 and T. Rowe Price probably 75% plus of that is in not only stocks but concentrated toward technology. So, given where she's at. How would you counsel her. Yeah, I think, Karen, you know, especially given that you're concerned about the market pullback given the timing of your retirement plans. You know that the simplest thing that you could do to reduce risk right now would be to cut the technology exposure that you have technology you know has been a wonderful sector for many years and last year it was. It was certainly the shining star coming out of the bear market a year ago.
However, we have seen a pretty steady stair stepping if you will of the most volatile riskiest areas of the market kinda getting thumped a little bit. One by one, as we've moved through 2021, and while broader technology stocks have not yet taken a big hit. If this pattern does continue.
It's not unreasonable to think that technology stocks may suffer more than the broader stock market so that would be an easy step to reduce the the T. Rowe Price small company and is specifically technology stock exposure and to just even maybe move some of that not necessarily even taking it out of the stock market, but maybe just spreading that around a little bit so you have a more of a mix with some value stocks and there maybe even a T. Rowe Price value oriented mutual fund might do the trick for some of that. The second really easy step to reduce risk would be to look at that, overall, stock, bond, balance, and if it is somewhere in that 7525 neighborhood and no you could pull that back to 7030 or 6040s and add to the bond side which would give you downside protection.
And of course these are not necessarily moves that have to be permanent you know if you pullback to the 6040 type allocation at this point and then you were right and you did see some kind of a stock market correction.
There's nothing that says you can't take a little bit of that bond money and then re-enter the stock market at that lower point. Now I'm not trying to advocate some kind of active market timing strategy for the average person, but again when you're close to retirement. You have specific concerns about a market pullback. These are just some way easy ways to get a little bit more diversified reduce some of your risk exposure and of course you can can dig in for a lot more detail by looking at some of the portfolio ideas that we have firstname.lastname@example.org if you want to dig a little more into some other options on how you can diversify further rather than the other thought. It's great counsel marking. Only thing I would add Karen is just this idea that you should really be thinking about answering the question how much is enough and drawing that financial finish line such that beyond that you would drastically reduce the level of risk because you know need to take risk unnecessarily and to you once you reach enough, whatever that is between you and the Lord both income wise as well as balance sheet wise from an asset accumulation standpoint, you can dramatically increase your giving and I think that's one of the opportunities we have been we hear from people on this program were in a desperate financial situation, trying to find God's heart and those who have been diligent and follow biblical principles and they have way more than they need and were all just trying to be faithful stewards along that journey, wherever God has us and if you could use some assistance in that Karen, I'd encourage you to connect with a certified kingdom advisor there in Florida. Just go to moneywise live.org. We appreciate your call quickly to Bobby in Chicago. Go ahead and just received a partial payout.
About hundred thousand and petrified of investing right now with the way the market is that under this administration we just put the money right now into our money market temporarily, but I don't know. Probably not the wisest thing to do. I just don't know what to do at this hundred thousand shorts. Bobby Tillis just quickly about the rest of your financial life you will actively working you may have. 10 and I 66.
We are working right now just saving me up about hundred and 30,009 in retirement.
We have about 135,000 jointly in the hundred 30 in savings is in addition to this new inheritance money that is cool okay see you have about 365,000 in potentially investable assets including your sayings.
Okay I am and how we probably will be getting another 60,000 at the final that status completely settled okay.
You will plan to work for a bit longer. I don't want to work that would like to work totally 70 okay all right very good and as you look at your lifestyle. What it's going to take the fun that you look at to perhaps Social Security. How much do you think you're going to need to generate a month in income just to make ends meet, that I would be 2000 okay all right Mark what you thoughts as they think about the next 5 to 10 years. I love the way you always approach these Rob with the questions that you asked because you really do want to approach what do I invest in through the lens of how much risk do I need to take to meet my goals and that's something we often remind our SMI members about that. You don't want to take more risk than you have to, because sometimes people feel little funny when they cannot downshift on risk if if they're not taking the amount of stock market allocation that they think is normal for their age or whatever but we will always want to encourage people don't take more risk than you need to in the way that you figure that out is by starting with the types of questions that that Rob is leaving with how much do you need to sustain your expenses in retirement. So if that answer is relatively little if you're close to meeting those goals that I would recommend focusing on relatively safer investments, shorter-term bond that type of thing and only throttle up from there. If you need to very good.
Thank you for your call today. If you need some to walk alongside godly investment advice moneywise live.org insert Mark Miller thinks he was my friend. Thanks, Rob. Learn more about sound mind investing it sound mind testing.org this more to come moneywise is in investing moneywise live today. Thanks for being along with us.
We been talking to Mark Miller, of sound mind investing about in relation which was really the focus of the cover article in the May sound mind investing newsletter. You could check it out it sound mind investing.org before we get back to the phones. This is Monday which means it's time for moneywise market commentary are good friend and the resident market analyst Bob Dall joins a smart Bob is an industry veteran. He's on the Board of Directors of kingdom advisors and just a great friend of the ministry and Bob you been writing your investment commentary now weekly for how long has it been over 30 years. Rob yeah well I know so many, including myself, count on this analysis that you bring Bob. It's just so rich based on your history and understanding of the markets and the economy we count on this every week and I appreciate you turning that written commentary into an audio expression. Let's do that today. As you look out Bob you were writing this weekend about really. This increased volatility we've seen in the equity markets as investors are really trying to sort out what you call a tug-of-war between the strong economy and earnings right on the one hand you got that strong economy and earnings which everybody in the market knows about and on the other hand, the prospect of higher inflation and higher interest rate on the other. And that's a tug-of-war Rob that I think The market kind of bouncing and going nowhere last Friday. The market was basically unchanged last week was unchanged trailing 30 days S&P 500 unchanged. The NASDAQ left 90 days basically unchanged bouncing around until we can for you and when the tug-of-war to find a well it's just been so interesting you know the market. As you know better than me is a leading indicator and so it really is telling us where were going to be six months plus down the road and the market has been consistent convinced for a long time post-pandemic since probably April May last year that things are going to improve rapidly when the economy opens is good to come roaring back all that has happened, but it seems like we got into a period where the market i.e. investors really can't figure out what's next. Is that right I think that's right.
Dirk Peter digested this great economy and greater earnings. The question is, we've had a few worse than expected inflation readings Rob and what observers are trying to figure out is this just transitory. The Fed would believe that or has inflation bottom is going to move up some kind of net capital to get big inflation later this with the end of the 0 to 2% inflation world which seems like existed forever is probably in the rearview mirror and that's not great for interest rates not great. Therefore, for the bond market and provide some valuation headwinds to earnings. I don't thing enough to take the equity market down a lot but back and forth.
I things can get frustrating people last question Bob what you see on the horizon that really could promote a prolonged bull market moving forward.
Perhaps a bull market that we've already gotten back into that has some legs or a new bull market. Well, needless to say we need a continuation of the economy and good earnings and I think as the economy opens up people get more confidence because of the vaccinations that that's kind of in the bank as it were, in the question is answer the continued bull market used kingly contained a piece of interest rate increases wages depending on inflation not getting too far out and which comes back to. There's so much money out there.
Rob up to too much money chasing too few goods is one definition of inflation in the government sure thrown a lot of money out there people then no question about it will continue to watch, read the data and recognize that at the end of the day.
We want to place our trust in the Lord matter. Things right, but amen, amen, amen! We'll talk to you next week.
All the best my friend, joining us YouTube.
Let's head to Las Cruces, New Mexico, Mary, thank you for your patience today. How can help you think of how we cry out, change Triton 72 now question. Take it out directly to the church from the Ministry. What I understand is that it's tax-exempt that we want to clarify the procedure. Yes, very good, very appreciate the question very much your right you you absolutely can take it out. It was moved to 72 and you required to take it by January 31 each year to send the well skews me that the notices go out by January 31 each year and RMD notice for the amount that needs to be taken for that year that you reach age 52, so anytime after that, you could absolutely make that contribution or that distribution I should say what you're describing in terms of making that is a gift to your church is called a qualified charitable distribution.
It's a wonderful tool whereby you can satisfy that required minimum each year and not have to realize that amount of money is income because you give that amount directly to in this case your church by contacting your custodian telling them that you want to do a qualified charitable distribution filling out the paperwork alerting your church that it's coming. And then they'll make the gift directly to the church in the amount or with the number of shares that you want when it's liquidated, then the church benefits from the full amount of the gift you get the full tax deduction not taking out any taxes that would be paid because there are none, and you satisfy your RMD at the same time, and you can do up to hundred thousand dollars. So it's a wonderful tool and again you would just call your custodian of your IRA and let them know that you want to do a qualified charitable distribution will tell you exactly how to do that and I think that's a fabulous idea. So appreciate your generosity and we appreciate your calling today to Warsaw Indiana Lane and Floyd. How can we assist you out. Our current house probably will get around $200,000 for we will be moving to my area because we have family there. We are looking at probably at least 500,000 so we might qualify for a reverse mortgage. They are both over 60 K-1 64 and he 63, and we would be able to put 40% down where just wondering likely grant present current and it seems like reverse mortgages can have hidden fees that were just wondering what your overall general opinion about reverse mortgage is binding at home new home yet well as long as it's the one you actually live then that would be the key you can get a reverse mortgage on the second home but you'd mentioned that you plan to move into it. So it sounds like that would be covered and then basically what you're doing is converting the equity that you have into an income stream.
They're not my favorite tool. I would see them as a last resort if you absolutely need it as a source of income. There are high fees to secure the loan you a BC have to remain in the home becomes more difficult to pass it on to errors you have to. Of course, maintain the property taxes and maintain the property itself. So my preference would be that you rather than funding your lifestyle using essentially debt the equity in your home you I love to see you all downsize and get that budget to balance using other assets feeling perhaps you could seek out some professional financial advice to assist you in that yellow again with the imputed interest rate with the fees that are embedded inside of these products get there very expensive and I just think there are better ways to do it so I would encourage you Elaine that you and Floyd sit down with a financial planner just to look at the landscape of what you have, what assets do you have what is your budget look like you.
What is your housing situation now where you headed, and see if you can't come up with a plan that allows all of this to work together for you to own something free and clear.
Perhaps it's a bit smaller and not try to use you know that the debt to fund that deal because I think for most folks they can find a way to do that you if you have the option to have the equity that would've been in the home and can convert that to go to income while still owning the property outright soap connect with that as a certified kingdom advisor. There were so just go to our website moneywise live.org quick find a CK and perhaps see about doing some planning before you make this decision, which is a big one and again it's not to an automatic no, for me, but it's just not my first choice because the reason that I mention so we appreciate your call today.
Thanks for checking in with us.
Well folks, we've covered a lot of ground today. As I mentioned that really in investing theme starting today covering inflation in talking about what's happening all around us, with rising prices how we should view that how that impacts our portfolios that was with Mark Miller, of sound mind investing in the Bob Dole joining is just a moment ago.
Here's the key as we think about all that God has entrusted to us.
However, little or however much we need to start with the idea that God owns it all and that were stored in the were to manage his resources and that includes taking a portion of the week of what we have if we were giving and we met her for providing for our families and you were saving for the future.
Taking the access and perhaps putting it to work as a steward, I think modeling the parable of the talents and doing that, according to biblical principles properly diversified with a long time horizon we have spousal unity.
Where were not taking unnecessary risk and were steady plotters, not speculators that are hasty when we do that we put ourselves in a position to experience God's best doesn't mean were always good to have everything we need in seasons of want and struggle and we need to seek God and trust him and every situation moneywise live as a partnership between Moody radio and moneywise immediately say think you might today Dan Anderson Rios say thank you, Jim Henry, and I was a thank you for listening and tuning in today. Hope you come back and join us tomorrow will be here moneywise live for God's word intersection