If you re drowning in debt and someone offers a lifeline make sure it s not really an anchor You have a few different options for paying off debt but they are definitely not all equal You have debt settlement debt consolidation and debt management Neile Simon joins us today to explain the difference Neile Simon is a Certified Credit Counselor with Christian Credit Counselors CCC an underwriter of Faith Finance Debt Consolidation A Quick Fix with Hidden DangersDebt consolidation is often seen as an attractive option because it combines multiple debts into one loan with an interest rate between [... more]

Therefore do not be foolish but understand what the Lord s will is - Ephesians That verse is a good reminder that to follow God's will we must first know it for all areas of our lives including finances Brian Holtz joins us today with a question Does your budget reflect God s priorities or yours Brian Holtz is the Chief Operating Officer at Compass Financial Ministry and the author of Financial Discipleship for Families Intentionally Raising Faithful Children Ownership vs Stewardship One of the fundamental concepts of Christian finances is the distinction between ownership and stewardship Psalm reminds us [... more]

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 [... more]

Neile Simon is a Certified Credit Counselor with Christian Credit Counselors and underwriter of this program WHAT ARE SOME TRIED AND TRUE WAYS TO AVOID DEBT AND PROMOTE FINANCIAL WELLNESS Neile Simon from Christian Credit Counselors shares key strategies to manage finances effectively emphasizing the importance of budgeting reducing debt and saving for emergencies Creating or updating a budget is crucial Most Americans need to revisit their budgets especially to adjust for inflation Your budget should track major expenses such as housing food transportation and more It's also wise to review and possibly reduce subscriptions to entertainment services by examining [... more]

Sharon Epps is the president of Kingdom Advisors our parent organization Kingdom Advisors is a group dedicated to training financial professionals to guide and advise you according to biblical principles WHAT ARE THE BIBLICAL PRINCIPLES RELATED TO CASH FLOW AND LIVING EXPENSES Sharon emphasizes the importance of spending less than we earn drawing from Philippians which teaches contentment in all situations Contentment is key in managing finances as it helps us be satisfied with what we have and avoid unnecessary spending To improve financial health it's vital to spend less than what we earn Contentment with our current situation is [... more]

If anyone does not provide for his own and especially for those of his household he has denied the faith and is worse than an unbeliever Timothy It's a pleasure to welcome Harlan Accola back to the program Harlan is with Movement Mortgage an underwriter of this program He is also the author of Home Equity and Reverse Mortgages The Cinderella of the Baby Boomer Retirement WHY ARE REVERSE MORTGAGES REFERRED TO AS THE CINDERELLA OF RETIREMENT PLANNING Reverse mortgages are seen as the Cinderella of retirement planning because they have been underestimated but hold significant potential for aiding in [... more]

WHAT IS ALPHA IN INVESTING AND CAN YOU EXPLAIN THE FIRST THREE SOURCES OF IT Alpha refers to an investor making higher returns than the overall market The first source is having access to superior information like fundamental investors using detailed research The second source is better processing of information where quantitative investors use models and patterns The third source involves exploiting irrational behavioral biases in other investors like investing contrary to market trends EVENTIDE NOW SUGGESTS A FOURTH SOURCE OF ALPHA WHAT IS IT The fourth source comes from a biblical worldview focusing on why to invest not just [... more]

I never saw the ice But I felt it The back end of the pickup I was driving mdash my grandfather rsquo s mdash fishtailed One swerve two three mdash and I was airborne flying off a fifteen-foot embankment I remember thinking This would be awesome if I wasn rsquo t going to die A moment later the truck crunched into the steep slope and rolled to the bottom I crawled out of the crushed cab unscathed The truck was utterly totaled that December morning in God had spared me But what about my grandfather What would he say In [... more]

Sharon Epps is the president of Kingdom Advisors WHAT ARE THE BASIC WAYS MONEY CAN BE USED Money is represented by the live owe grow pie We say pie as that illustrates the fact that it needs to be divided up because there are a limited number of pieces Debt has several dangers it can be economically dangerous as compounding can work against you spiritually dangerous because it may prevent opportunities for God to intervene and psychologically dangerous as it can induce anxiety and threaten marital unity Proverbs mentions that the borrower becomes a slave to the lender indicating the [... more]

It should come as no surprise that a new survey shows nearly half of Americans have seen their credit card balances go up since COVID came on the scene And half of those folks cite the pandemic as the direct cause of their increased debt On today's MoneyWise Live host Rob West will talk with Neile Simon of Christian Credit Counselors about how to pay off that debt faster Then Rob will answer your calls and questions on various financial topics See omnystudio com listener for privacy information [... more]

Almost all of us will reach a point in life when age or health will prevent us from working So investing far in advance of that day is critical for generating retirement income On today's MoneyWise Live Rob West will share some ways to avoid being unprepared financially when the time comes for you to retire Then he'll address some calls on various financial topics See omnystudio com listener for privacy information [... more]

Have you ever heard of a wealth killer It rsquo s a habit people have or a mistake they make when managing their finances that leads to their inability to accumulate even a comfortable amount of wealth On the next MoneyWise Live host Rob West shares some of the biggest wealth killers that may be keeping you from storing up some surplus savings Then he rsquo ll answer your calls and questions on various financial topics That rsquo s MoneyWise Live mdash where biblical wisdom meets today rsquo s finances weekdays at pm Eastern pm Central on Moody Radio [... more]

The economic impact of COVID has changed the way some of us have handled our Ks nbsp But saving for retirement is always important and the need for it doesn rsquo t change even when there rsquo s a crisis On the next MoneyWise Live hosts Rob West and Steve Moore talk about how the pandemic may have affected your retirement savings Then they rsquo ll answer answer your calls and questions on various financial topics What rsquo s in your k on the next MoneyWise Live at pm Eastern pm Central on Moody Radio [... more]

We rsquo ve had Gen X and Gen Y so it no surprise that the current group of young people is called Generation Z nbsp But what makes this youngest group tick and how can they be molded into tomorrow rsquo s leaders On the next MoneyWise Live hosts Rob West and Steve Moore talk with Dr Tim Elmore and some real live Gen Z-ers to find out Then they rsquo ll take your calls from across the country and answer your financial questions Growing leaders in Generation Z on the next MoneyWise Live at pm Eastern pm Central on [... more]

In Matthew Jesus gives us the Lord rsquo s Prayer as an example of how we should bring our needs to God nbsp But do we often skim over an important part of His example On the next MoneyWise Live hosts Rob West and Steve Moore share some thoughts about a particular part of the Lord rsquo s Prayer that we may be overlooking We'll talk about praying for our daily bread on the next MoneyWise Live at pm Eastern pm Central on Moody Radio [... more]

It may surprise you to learn that there are more than verses on money wealth and possessions in the Bible Money was Jesus rsquo most talked about topic with of the parables referencing it in some way On the next MoneyWise Live hosts Rob West and Steve Moore share timeless verses about your finances Wisdom from the Word on MoneyWise Live at pm Eastern pm Central on Moody Radio [... more]

With trillion dollars in outstanding loans and a high default rate experts say the student loan industry will be the next financial bubble to burst But you can avoid your own personal impact by taking steps to minimize borrowing for education and accelerating payments on your existing debt On the next MoneyWise Live hosts Rob West and Steve Moore explain how to pay off student loan debt faster That rsquo s all coming up on the next MoneyWise Live at pm Eastern pm Central on Moody Radio [... more]

The annual cost of living adjustment that affects social security benefits is designed to be an adequate increase for most of our seniors But current oil prices and the COVID- crisis could seriously impact next year rsquo s benefit levels On the next MoneyWise Live hosts Rob West and Steve Moore let us know how these factors will affect our nation rsquo s seniors That rsquo s MoneyWise Live at pm Eastern pm Central on Moody Radio [... more]