Have you ever stopped to ask yourself this question? How much money is enough? Most of us never really define it, and when enough is unclear, it becomes a moving target, shaping our decisions, fueling anxiety, and keeping us chasing more without ever finding rest. At FaithPhi, we believe God offers a better way. That's why we created the Faith Phi Field Guide, How Much Money is Enough, an interactive scripture-centered resource designed to help believers explore this question through biblical wisdom, guided reflection, and real-life application.
Purchase your copy at faithfi.com/slash shop. That's faithfi.com slash shop. Uh Stewardship isn't a one-time choice. It's a cycle that moves from gratitude to growth. the generosity.
I am Rob West. Gratitude helps us recognize what God has entrusted to us. Faithful action helps us develop it, and generosity allows it to bless others. Tim Tasopoulos joins us today to show how that cycle applies to both time and money. And then it's under your calls at 800-525-7000.
That's 800-525-7000. This is Faith in Finance, biblical wisdom for your financial journey.
Well, I've been looking forward to this conversation. Joining us today is Tim Tasopoulos, former president and chief operating officer of Chick-fil-A. During his decades with the company, Tim helped shape a culture known not only for operational excellence, but also for serving leadership, hospitality, and investing in people. His leadership offers valuable insight into how organizations pursue growth without losing sight of their values or the people they serve. And Tim, what a treat to have you here.
Thanks. Delighted to be with you, Rob. Tim, I want to ask you some stories about your time at Chick-fil-A and Truett Kathy. We'll get to that. But let's first tee up this cycle of stewardship.
Now, I think it's important you call it a cycle, not a checklist.
So walk us through this relationship in your mind between gratitude, growth, and generosity. Absolutely.
So first and foremost, I think stewardship starts with the premise God owns it all. And so whether we're talking about gifts or talking about challenges, opportunities, natural abilities, capacities, relationships, we're called to be faithful stewards of all of those. And I believe it is a cycle because this is an ongoing process and it's actually a way to approach life. And so first and foremost, when you think about all that God grants to us, the gifts that he gives us, we start with gratitude. We need to be grateful for those gifts.
And I think it's really important to remember if you're not grateful, you can't steward well. And of course, stewardship in that sense is managing for God's glory and for future generations. Generations.
So we start with gratitude and we're grateful for gifts. And again, that does include challenges and opportunities, not just what we would consider as immediate resources or relationships. Then the next step is when we're grateful for those gifts, then we can focus on growing those gifts. And so, again, whether it's the gift of relationships or the gift of opportunity, we want to multiply. We want to grow those gifts and we want to do it not for our own self, but for the service of others.
And ultimately, we have to remember, especially how important learning is to that growth cycle. And one of the things that I think is really important in stewardship is the more we learn, the more we can contribute.
So we start with gratitude, then we want to grow those gifts that we're grateful for. And then ultimately, we want to be generous with those gifts. And that's really about sharing the fruit from the gifts that have been multiplied. That generosity, so often we think of it as generosity financially, but it's really generosity of spirit. It's generosity of time.
It's generosity of relationships, generosity of what we have learned when we get to share that with others.
So when we do that, that generosity, I believe, opens the door for us to be grateful for that opportunity to be generous. And that just cycles right back to start that cycle of stewardship over again. Incredible. And you saw this play out at Chick-fil-A time and time again, starting with Truitt, didn't you? Absolutely.
You know, Truitt was such a model of faithful stewardship. First of all, it's totally encoded in the corporate purpose of Chick-fil-A, which was pinned in the early 1980s at a time of real crisis in the business. And the leaders of Chick-fil-A. Chick-fil-A came together and decided in the midst of a business crisis to step back and ask the most important questions: why are we in business? And that group pinned the corporate purpose, and it really reflected Truitt's philosophy of business up to that point.
But the corporate purpose hasn't changed a word since. It's to glorify God by being a faithful steward of all that's entrusted to us and to have a positive influence on all who come in contact with Chick-fil-A. And so, you see from that statement, of course, it has nothing to do with the number of sandwiches sold or the number of restaurants open. It really is everything about that statement is an others-focused statement. The why?
Well, we're focused on glorifying God, we're focused on faithful stewardship. It's not to our benefit, but managing that that He blesses us with for others. And then ultimately, positive influence is about impacting others as well. Wow, there is so much there. I really want to unpack this a bit more, but you're right.
It's a virtuous cycle. And when we get to the end and we're generous, it goes right back to the beginning so we can be grateful for what we have. Tim Tasopoulos is here today. We're going to unpack a bit more this cycle of stewardship right after the break, and then we'll be taking your questions as well. This is Faith and Finance.
I'm Rob West. He's Tim Tasopoulos, and we'll be right back with much more after this break. Stay with us. Money always seems to ask for more. More income.
or savings. more security. But what if the better question is? How much is enough? This Faith Phi Field Guide isn't just a book to read.
It's a practical guide that helps you prayerfully answer that question for your own life. one step at a time. Order your copy of How Much Money is Enough today at faithfi.com/slash shop. That's faithfi.com slash shop. Are you a financial professional looking to grow your practice while offering advice that aligns with your Christian values?
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Today we're talking about the cycle of stewardship with Tim Tasopoulos, former president and chief operating officer of Chick-fil-A. And, Tim, I want to go back and unpack each of these. Let's start with gratitude. You know, one of the downfalls of the rich fool in scripture in Luke 12 is that, you know, he saw everything as his. I think he says I and my about my grain and my barns like nine times in two verses.
And this is a big idea that we start by just being grateful for what we have, which requires us to understand that it wasn't ours. It was entrusted to us, right? Exactly. And to your point about referencing scripture, even Matthew 25, 14 through 30, the parable of the talents, one of the key differentiators between the first and second servant and the third servant was gratitude. Yes.
The first and second were grateful for the gifts. Even though the gifts were different between the two of them, and the third servant was clearly ungrateful. And again, you can't steward what you're ungrateful for. It's very difficult to make that happen. What do you think that rhythm of gratitude looks like?
Because we've got to be intentional about that, or it won't happen. I do believe it actually should start with the daily discipline of how do we start our day? How do we view all the gifts that are given to us? I believe it's, of course, starts with prayer and scripture, but it really is beginning to say, I'm grateful in account our blessings kind of way each and every day. And again, I think so often when we think about blessings, we start with health or relationship, but actually, I think we've got to broaden the sense of gifts.
And again, I think sometimes it's challenges and opportunities that need to be top of mind, not just simply maybe some good finances at the moment or good health at the moment. Yeah, that's well said. Let's move to growth. Growth, of course, creates margin and impact. But you made a statement there just before the break.
You said that when we're growing the gifts that God has entrusted to us, it requires that we be a learner. I'd love for you to apply that in your own life. What has that looked like for you to be a lifelong learner?
So, first and foremost, I think you have to make a conscious decision that you do want to learn. You have to remember you've got to be humble. No humility, no growth. I mean, it's just a Fundamental principle. And the reason that I describe it is humility: you've got to acknowledge, I don't know it all.
I can learn and I can grow. And so it's just very, very powerful to base your platform of growth on humility. And then you have to invest the time and the energy and effort. For that learning to take place. And whether it's the books you read, the people that you associate with, and that you're mentored by, famous basketball coach John Wooden, the legend, used to always say, Everything we've learned, we learn from somebody else.
And so I think you have to be open to input from others. And then it impacts your experience. And then you reflect on your experience and then you can continue to learn and grow.
So I've got lifetime practices of learning, and those have been very helpful to me over time. I know I've read about something you have that you call library days. I think this is brilliant. And it's actually a practice you increased when you stepped into the role of president at Chick-fil-A. Tell us about that.
Sure.
So Dan Kathy and others at Chick-fil-A had sort of set the example for pulling away and having time of reflection. And I picked up that habit and I got to be very consistent with it. And so throughout my career at Chick-fil-A, when my assistant and I would work on my calendar, one of the things we would put in first is a day a month. At a public library. And why a public library?
Well, I couldn't be in a Chick-fil-A restaurant or it could be at the Chick-fil-A Support Center, but instead I chose a public library because you can't use your cell phone in the public library. And so it's easier to not be distracted that way. But it'd be a time that I would have some things to study. I would have a review of my calendar and some key activities, and then I'd look ahead the next 90 days. And so it was a time of restoration, it was a time of reflection, and then a time of refocusing.
And so they became invaluable to me. And you did mention about I was very blessed and honored to serve as the president of Chick-fil-A. And the day it was announced to the Chick-fil-A family that the Kathy family and the Chick-fil-A board of directors asked me to step into that role, I knew my time pressures were going to go up tremendously. And so I went to my assistant and I said, you know, every hour is going to matter more now because of the challenges from a time standpoint. I need to plan more, so I'm going to add a second library day, which is sort of a counterintuitive when you think about it.
It's like I'm going to have more time pressure and now I'm going to spend more time away. Right. But I think it did help me in terms of my effectiveness, but at least it gave me confidence that I was trying to refocus on a consistent basis. That is powerful.
So we're grateful. We then grow these gifts that God has entrusted to us. And then we're generous. And this is something that is just hardwired into Chick-fil-A organizationally. I know it's true about the Kathys as well.
Truitt modeled that from day one. And that's what I love about what we're talking about here: this is in theory. You saw this lived out in their lives personally as a family, didn't you? Oh, there's no question about it. And when you think about generosity, again, it does start with generosity of spirit.
There's a sense of we want to share inspiration with others, that inspiration that comes from us being inspired, having the spirit within us, and then sharing that with others. It is generosity of time. And so often that can get overlooked when we think about generosity, but serving in so many ways, which of course the Kathy family does over and over and over again, whether through WinShape and other entities like LifeShape, that members of the Kathy family sponsor. And then you've got an amazing impact. When that generosity is generosity of investment, first and foremost, development of others.
And so there's power in mentoring. There's power in developing future leaders. That's all through the DNA of Chick-fil-A, the Kathy family, again, reflecting Truitt, who always did that himself. And then lastly, it's generosity of finances. And it's hard to find a major project across both Christendom and specifically here in the city of Atlanta, which is Chick-fil-A's home, that Chick-fil-A's resources and the Kathy's family's resources have not impacted it.
Yeah, that is so true. I know I've heard you talk about Truitt's 10-10-10 approach. Tell us about that. Well, you know, Truitt just exemplified the idea of stewardship. And so often he would talk about finances in this simple formula.
He would say, Give 10%. Save 10% and work 10% harder. And he always said it in that order. And that clearly impacted me as I think about use of finances. But the idea that no matter what you make, you want to start with your giving.
And then, again, as little or as much as you make that you do save. And of course, that's saving for not only today, but also for the future. And then working 10% harder. That was always an encouragement to make sure that, as Truitt would say, why not your best? And so he was encouraging and challenged us to give our very best.
I will also say one thing you can't separate from Truitt is his life verse that he said over and over and over again. Proverbs 22.1 that a good name is rather to be chosen than great riches. And, you know, he clearly lived that out where his good name and the good name of Chick-fil-A mattered and it mattered more than silver or gold. Wow. Yeah.
His priorities were right. And embedded in the organization with that 10% of work harder is really the extra mile service that Chick-fil-A is known for, isn't it? That's right. Second mile service, where you take that straight from Matthew 541 and the idea of when asked to go one mile, go the second mile. And Chick-fil-A restaurant team members, Chick-fil-A owner operators, and staff members all across now, not just the country, but even around the world, do take that opportunity when the customer says thank you that we say, my pleasure.
Incredible. Tim, we've just scratched the surface. We're going to have to have you back, but this has been a lot of fun. Thanks for reminding us that stewardship begins with gratitude, moves to growth, and ultimately leads to generosity. We appreciate your time.
Thanks for having me. Folks, that's Tim Tasopoulos, former president and chief operating officer of Chick-fil-A. All right, we're going to take a quick break and then we'll be back with your questions at 800-525-7000. That's 800-525-7000. Or if you'd prefer to email your questions, send it to us at askrob at faithfy.com.
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That's faithfi.com slash Eventide. Great to have you with us today on Faith and Finance. I'm Rob West. If you have a question, we've got a few lines open. We've got room for you, 800-525-7000.
Pittsburgh PA. Hi, Sue. Go ahead. Sure.
Hi. Thanks so much. My question is just some clarity around being Medicare eligible versus Medicare enrolled. My plan is, I turned 65, I am Medicare eligible and need to make a decision here. But my plan is to continue to work, Lord willing, continue with employment sponsored insurance, which is also an HSA that they contribute to, and I do as well.
So I've heard some conflicting information, and I just wanted to see where I stand, if I even have a have a thing to be able to continue to not enroll at this time. Yeah, the nice thing is, and the key here is whether or not you're still employed and covered by an employer-sponsored insurance plan. If that's true, then you do not have to enroll in Medicare at age 65.
Now, when you are no longer covered by that insurance, you have eight months starting the month after your coverage ends to enroll in Medicare without a penalty. If you fail to enroll in Medicare Part B during that eight-month period, you have a permanent penalty. It's 10% of your Part B premiums for each 12-month period you were eligible but didn't enroll. And then there's a smaller penalty for Part D. But if you have employer-sponsored insurance, you absolutely can wait.
And the H S A piece of it? Yeah, that does also qualify as long as you've got an employer-sponsored plan, even though it's a high-deductible health plan.
Okay, okay. And they can continue to contribute as long as I'm not enrolled in Medicare. Is that correct? Yeah, they absolutely can continue to contribute to that for sure.
Okay, thanks so much. Appreciate it. All righty, thanks for your call today. Let's go to Bakersfield. Olga, how can I help?
Rob, actually I have, I think, two questions. Currently I'm I'm planning and I need to repair make some repairs in my house.
Okay. When I bought the house, it had a leak, so it would leak every year that it rained, and it rained. in a leak for about maybe five, six years. Finally, I need to make a repair. I need to fix the house because I don't know if there's mold or not.
So my ceiling is falling. Uh the roof got fixed. But now I need to make the repairs on the inside of the house, the carpet, the walls. The flooring. I also have a pool that I haven't used in quite a while that I need to make repairs.
Two. Um, what else? Uh what's the other thing? Um And I also have some credit card debt, about maybe rough estimate, about $8,000 in credit card debt.
So what I want to do is I want to make the repairs on my home. I want to pay my credit debt. And um But I need to know, I don't know which route to take. I don't know if I should take out a HELOC. Or I don't know what the other program is, or because I don't want to refinance my house.
Right now I'm at three percent interest rate on my home loan.
So I don't want to get anywhere higher than that. And I know interest rates are in the six percent.
So I just don't know where to go. How to how to go about it. Yeah, very good.
Well, that was really helpful background information there, Olga. And I would agree with you. What you just shared with me, I would not recommend a refinance. A 3% fixed mortgage is extremely valuable, and replacing it with a new mortgage at today's rates would most certainly increase the cost on the entire loan.
So I would keep the 3% mortgage and then prioritize the repairs. I mean, obviously, anything that involves water damage, there's the possibility of mold, and that's both a health consideration and you want to prevent further deterioration. And then any remaining structural issues you need to deal with, I would say the pool repairs are probably a lower priority unless it's causing additional property damage. You know, with the credit card debt, that's always a concern, even though it makes a lot of sense to get that interest rate down. I just want to make sure we corrected whatever got you into that in the first place to the extent it was just lifestyle spending beyond your means because.
We're taking what is unsecured debt and we would be securing it to the house, which is a big deal. And when we take the pressure off, unless we've corrected the spending, you know, often I get a call six months later where somebody says, Guess what?
Now I've got the first mortgage at three, I've got the home equity line of credit at six, and guess what? The credit card debt's back. And so that's the last thing I would want, as much as I would love for you to get that interest rate down.
So, what I would probably do is keep the first mortgage the way it is, get the home equity line of credit, assuming you can afford to service the debt, but I wouldn't, you know, use that beyond what you need to use it on. Certainly, fixing any mold or water damage, things like that, that seems like a must. Anything else that's structural may be on the pool, but again, that one may be a wait on. That's up to you. The credit card debt, I would probably leave right where it is, but slide it into a credit counseling program so that you're not securing it to the house.
And we still get the interest rate down. Our friends at ChristianCreditCounselors.org could help you access rates not at the average of 23%, but down somewhere between 0% and 10%. The debt stays right where it is at your existing creditors. It just goes into the credit counseling program, which you can only access through a nonprofit credit counseling agency like Christian Credit Counselors.
So that would be kind of my path forward here. But what are your thoughts on all that?
Well, the credit card data is not crazy expenditure. What happened is I want to say ten years ago, fourteen years ago, I wanted to go into a real estate venture. And I made a mistake. that at that time, my ex and I went into it with him giving me his word that he was going to partner up with me and we were going to work that venture together.
So here I am thinking we were going to do that together. We were going to I was going to pay off the debt with doing the buying homes, purchasing homes and Flipping them.
So I was going to get rid of that credit card.
So I didn't think I was going to hold that. Credit debt for a long time, credit card debt. Everything that I paid for that whole course of study for real estate, flipping houses, came out to $40,000.
Well That's mainly where all the debt is come, the credit card debt is. If I put all that debt of purchasing that program, You've seen all my training cards at the time.
So I'm still paying, and it's taken me this long for me to pay it. Like I said, I brought it down to. You know, I give, I can't remember exactly, about eight thousand, seven thousand dollars right now, and I'm still paying it. I try to give more than just the minimum. I sometimes give, like, let's say, for example, with my My minimum is twenty five dollars.
I Spend in like maybe $100, $150, $180. Yeah. To the payment. Yeah, and that's great. I mean, you've obviously made a lot of headway there, and that says a lot about your diligence and just your ability to keep your lifestyle at a minimum.
I'd still be less inclined for you to secure that to your home because if something comes out of left field, now all of a sudden your home is at risk.
So, I would still take that $8,000 and slide it into credit counseling, get the interest rate down, and you can pay extra the same way. Stay on the line. We'll talk a bit more off the air. Big thanks to my team today. Autumn doing a great job on our phones, Devin, my producer, and of course, Jim Henry providing great research.
Come back and join us tomorrow. We'll see you then. Bye-bye. Faith in Finance is provided by Faith By and listeners like you. Uh
