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Investing for Kingdom Impact

MoneyWise / Rob West and Steve Moore
The Truth Network Radio
May 7, 2021 8:03 am

Investing for Kingdom Impact

MoneyWise / Rob West and Steve Moore

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May 7, 2021 8:03 am

Many investors think that finding the “right” companies for their portfolios is the only way to promote Kingdom values—but could we do more? Are there other ways to help the world and its people feel God’s love through our investments? On the next MoneyWise Live, host Rob West will talk with Chad Horning of Praxis Mutual Funds about investing for kingdom impact. Then Rob will take your questions on the financial topics you’d like to discuss. That’s MoneyWise Live, where biblical wisdom meets today’s finances, weekdays at 4pm Eastern/3pm Central on Moody Radio.

Rob West and Steve Moore
Rob West and Steve Moore
Rob West and Steve Moore
Rob West and Steve Moore
Rob West and Steve Moore
Rob West and Steve Moore

This is Doug Hastings, VP of radio and were thankful for support from our listeners, and businesses like United faith mortgage heading in the spring. I've been spending a lot of time pondering, analyzing and debating something extremely important to men and even many women and that's whether a new driver would improve my golf game I would see them somewhere between embarrassing and appalling at golf man do I love it and all my buddies show up with these epic/big maverick Bertha drivers and I can't help but feel like they've got this massive advantage on me and my persimmons. It's right that our family mortgage team were proud to have a pretty special advantage ourselves and one that can be a big deal for you. Our team is an arm of the company who is a direct lender, which means our company uses its own money and make its own decisions within its own walls.

There is no middleman in this advantage often allows us to get you a better rate, saving monthly and lifelong money on a refinance or new home purchase were much better in mortgages that I am at golf. We are United faith mortgage United faith mortgage is a DBA of United mortgage Corp. 25 Belleville Park Rd., Melville, NY. Licensed mortgage banker for licensing information, go to an MLS consumer corporate MLS number 1330. Equal housing lender not licensed in Alaska, Hawaii, Georgia, Massachusetts, North Dakota, South Dakota and Utah and many investors think that finding the right companies for their portfolios is the only way to promote kingdom values, but could we do more. Are there other ways to help the world and its people feel God's love through our investments. I am Rob West values driven investing can be a powerful force for making a difference in our world, enabling us to glorify God with the resources he entrusted to us talk about that with Chad Horning of praxis mutual funds today that will take your calls at 800-525-7000 businesses moneywise live. The Bible is our best financial advisor. Well, I'm delighted to introduce Chad Horning for the first time Chad as president of praxis, mutual funds, a leading based family of mutual funds in an underwriter of this program Chad welcome to the program.

Thanks, Rob. It's great to be here with you today but were delighted to have you and Chad as you well know, faith-based investing is rapidly becoming a real movement in America, but praxis mutual funds has been around for more than 25 years and has been helping folks do this for quite some time, so just give us a quick history of praxis chart.

Praxis was launched in 1994 as a faith oriented response to the growing socially responsible investing mutual fund industry. Our parent company irreverence had long invested money for church related institutions and their donors was becoming evident that people in the pew wanted to participate with us as well. So we began with just two funds and quickly followed that with an international fund and from the very beginning we pursued shareholder advocacy and proxy voting, and of course portfolios screening WiMAX right at the core of faith-based investing screening out companies that don't align with your face screaming in companies making a positive impact in the world and advocating really on behalf of Christian values as shareholders you manage your funds through a process you call stewardship investing one of the overriding goals and values short starched investing is an approach that we use to try to help investors make a real-world kingdom impact and were trying to make a lasting difference both for individuals for the community and for all of creation. So, just quickly we we seek companies that respect the dignity and value of all people help us build a world of peace and free from violence demonstrate concern for justice in a global society exhibit. Responsible management practices support and involve communities and then lastly practice environmental stewardship. All of these things we try to incorporate into the way that we invest. I love that and for many of our listeners. This will be a brand-new idea that we could actually have these goals at the same time you're selecting companies in seeking the return on God's money. Many faith-based mutual funds.

Chad as you know, focus primarily on screening. What I love it. Praxis is that you say. By investing together we can impact the world and you do this through a wide range of kingdom impact strategies.

Again, this may be a brand-new concept for those listening so share a bit about what that means and where screening actually fits in the process. Like a lot of funds in this space as you mentioned, we do not screen our portfolios to keep out the kind of companies that many of our customers are shareholders don't want so among longer lastly screen companies out.

That would be related to industries like alcohol, tobacco, gambling, adult entertainment, abortion, predatory lending and others. We also seek to avoid companies that failed to take into account their environmental or social impact and what this ends up doing is having us exclude about 14% of the weight of the S&P 500 index. That's just a large recognizable index for many people, we adjust our stock holdings using this strategy called optimization to help us replace the kinds of factors that we've lost through our exclusions but we do this in a way, then that tries to build up those companies that fit better with those core values that I mentioned at the beginning.

I love that know folks might be surprised to think when you apply these types of screens. As you said you're only excluding just a small percentage of the S&P based on the criteria you set up right that's correct.

We think we can manage this amount of exclusion. Using these techniques, we feel like we can still deliver the kind of performance and the path to savings that people expect from us love it well when we come back we're going to talk about not only screaming out but how you screen him investments to do remarkable things for individuals and communities and then will go on to talk about corporate engagement were joined today by Chad Horning. He's the president of praxis mutual funds. More to come.

Just around the corner. Stay with us.

Welcome back to moneywise live. So glad to have you along with us today were talking about faith-based investing aligning your values with your investment portfolio.

A growing segment of the investing landscape that frankly is very exciting for believers. My guest today is Chad Horning, president of praxis mutual funds and Chad you will been doing this for 25 years.

Even though were seeing some incredible growth as of late in this space. I'm sure it's pretty encouraging to you and your team what's happening isn't something exciting we've been. As you mentioned, we been doing this for over a quarter-century and so some of this is sort of just the way we invest money that's old hat for us but were encouraged by a lot more interest in it these days. Well I certainly am as well check before the break we were talking about the screening out specific companies that might not align with your Christian values. In terms of their primary business activities or even what they do with their corporate profits you mention, which is fascinating that when you're screens are applied to the S&P 500. For example, that typically exclude somewhere around 14% of the S&P 500.

But it's not just about screening out certain companies. There's other aspects to this and I know you direct funds toward investments that do remarkable things for individuals and communities and still generated competitive return on investment talk about this aspect of your investing. This set of impact strategies is what some people call the embrace part of faith oriented, investing, and we use these opportunities to tilt our investments towards those things that actively reflect God's concern for people and communities, and in all his creation and we do this in a couple of different ways. One is by the inclusion of positive impact bonds in our practice impact bond fund and that's almost 1/3 of the assets there. I'll talk about that in the second.

We have about 1% of each of our funds invested in community development investments and then lastly we use environmental, social and governance integration in our funds as well.

But let me talk just for a second about impact bonds that we've done over the years we've lent money to companies, foundations, nongovernment organizations and multilateral development organizations and these activities run the range from educational programs in Latin America to sustainable power generation here in the US and we do all of this by earning market rate returns so we don't feel like we need to compromise our investment goals is fascinating because you can have an impact on the equity side, but also on the debt side which folks may not realize is even possible really an exciting part of the work that you're doing now the third leg of that stool that you talk about Chad's corporate engagement that's now a major part of values-based investing in praxis is a long history with this work as well. It's something you call shareholder advocacy coupled with proxy voting help our listeners understand what that means. We believe that shareholder advocacy is one of the most effective ways to bring about kingdom oriented change through investing is important to remember that as stock investors that were owners in the companies that we invest in that ownership comes with rights and responsibilities so shareholder advocacy. As you mentioned is one of the things that we spend a lot of time doing trying to make a positive change of the companies we own, and we often do this in partnership with other like-minded institutional investors often faith oriented ones, with the goal of positively engaging senior management at those companies over the years we've helped achieve real change on problems such as modern slavery predatory lending and the expansion of renewable energy options.

Proxy voting is a little more obscure for a lot of people, but it allows us to reflect these values and goals through the annual proxy ballot and voting on things like executive compensation, environmental policies, and many other things that come in front of investors each year.

Love that you and you mentioned engaging with senior management within these corporations. How receptive are they to these conversations that you're having.

As you reflect your values.

Often we find that management teams are responsive because they understand that we are investors with them. We want those companies to succeed were not protesting them.

We want them to succeed, but would like to bend their activities in the way that they work towards caring for their many stakeholders and so often. Of course we choose company management teams that we think we can work with and so that leads to an easier conversation.

I love that. But would you mind sharing a story or two about success you've had promoting corporate change that honors God. So our listeners can get an understanding of how this works. Certainly praxis along with other shareholders has worked with companies like Verizon to increase their work on ending child sexual exploitation online and through this work.

Verizon has expanded its efforts to combat this problem.

In recent years, including the creation of a digital head of safety role expanding the email scanning that they do and improved resources for parents to use so that they understand what their kids are observing online.

Secondly throughout a recent shareholder resolution and dealing with the pandemic praxis and other investors have worked with companies like Kroger and Walmart to encourage them to expand employment policies to include longer paid sick programs for their workers. If nothing else, this pandemic has laid bare the precariousness of life for many in the retail sector often women and people of color who manage their budgets from paycheck to paycheck and I understand that just one illness can pitch their families into crises. We believe that both of these efforts exemplified Jesus teachings to love our neighbor and to stand on the side of the vulnerable love that well as we hear today when there's a real opportunity here to rethink our entire investment strategy around engaging as an owner of an actual company around avoiding companies that don't align with her faith and around selecting investments intentionally because they're making a positive difference in the world. In chapter 7, he was hearing this, and thinking.

This is never been on my radar and this is just not how I invest. How might you encourage them as they think about where to invest. Moving forward, what framework would you offer sure. I think one of the best things to do, is that many people work with financial advisors and the next time you meet with your financial advisor say something like can you help me integrate my Christian faith into my investment portfolio and for many advisers they may not have a quick answer for you but they will increasingly be hearing about options like our funds but there are others out there that could fit as well and this is not so uncommon maybe new to your listeners to some of your listeners, but your financial advisor should be beginning to hear about this out there, and Chad you really believe that we can make a difference as believers if we were to see scores of Christians to begin to think about investing this way we could make a real difference in the world.

Of course, when we hear sermons on Sunday were encouraged to live our Christian life through the other six days of the week in the way that we interact with our families and coworkers in our communities and of course we think that that could be extended into your financial decisions as well. This is just one way to extend one's Christian faith into the new realm. Perhaps you haven't thought of before. Love it. Will Chad so grateful for you spending some time with us today will look forward to having you back real soon to talk about more positive ways we can glorify God with our investments.


Think it was my pleasure. I look forward to the next conversation was generating a practice mutual funds. You can find more in praxis mutual that's PRA tax.

I asked mutual your calls next. 800-525-7000. This is moneywise live or the Bible is always our best financial advisor back to moneywise live for God's word is your financial life today talk about saving or investing, increase your what's the appropriate lifestyle for Christian. Maybe it's that credit score just can't figure out whatever it is that we love to tackle it and bring applicable principles to bear as we do that, here's the number 800-525-7000. We got lines open 800-525-7000 in just a moment were to talk to Dennis about a gift he made to his sister. He wants to know if there's any tax ramifications.

But first Adam, are you on the road as we speak sir, but right now my garden with 100 B. Find it and make yeah well Vanguard has obviously robust lineup of mutual funds, but you're able to hold funds from other companies in your Vanguard portfolio and although you might find what are called ESG funds from Vanguard environmental deal in governance type funds where there you looking at more secular trends feel when you look toward faith-based investing options.

Options like wood praxis mutual funds was just talking about with Jan Horning.

That's really going to zero in on both excluding companies as he said that don't align with Christian values, as well as impact investing where there intentionally pursuing those companies making the kingdom impact in the world and I couldn't tell you right off, whether of the praxis fun family is available through through Vanguard but I suspect that it is so other way and learn more Adam about the great lineup of funds from praxis, is just to head to their website praxis mutual PRA XIS you can learn more about all of their funds in the lineup and then once you find the one you'd like to add your portfolio you would just contact Vanguard to find out whether that fund family and specifically that fund itself is available and you could learn more there. If it wasn't, you can always open a brokerage account to elsewhere that would allow you to invest directly. Is that helpful. I went no garden and he's already gone on his way today, but what I would say is you can absolutely call Vanguard.

As I said, although Vanguard has their own funds. They allow you to hold funds from other companies and they have a quite extensive list of fun families that they will allow you to purchase and so placing the call to Vanguard to ask about the praxis mutual fund family would be your next step and if you want to learn more specifically from praxis.

Look at the prospectus understand how they are performing what each of the fund's objectives are.

You can do that at the praxis website. Again, praxis mutual Hope that's helpful to you, Adam. You be safe out there on the highway. Certainly appreciate your call today.

Let's head to Michigan Dennis understand you made a gift to your sisters at right actually help you dollar car but will she have to pay any income tax on know there's not income tax on a gift to Dennis by the way, incredibly generous of you and delighted to hear that you came alongside her and with a real need.

Obviously, that she had and wasn't able to cover giving given her limited means no there's not getting any tax ramifications for her. The only implications for you would be that you know that's considered a gift so you can give up to 15,000 a year annually and then beyond that you would just have to allow that to be applied to the lifetime gift exemption which right now is in the north of 11 1/2 million dollars over your lifetime so you have to give away a lot of money to get that to reach that level that. Keep in mind that number could be adjusted with policy changes down the road and it could be reduced dramatically so you'll just want to let your tax preparer, CPA know that you made this gift so that can be recognized appropriately from the IRS's standpoint there won't be any tax due. It's just an acknowledgment that the portion over the annual allowance of 15,000 is going to go against that lifetime allowance that I mentioned, but for her. Nothing on her and as she receives that gift. So again very generous of you.

We appreciate you letting us know that what an encouragement that you did that.

We appreciate your call today. Dennis, let's head to Muncie, Indiana Brandon, you're next on the program. How can we help you sir great show and what color all sponsor or align. How would you advise us to get more involved or look at opening getting money based on our our biblical beliefs outside of our 401(k). Yeah, I love that, and perhaps even in your 401(k) Brandon. The good thing is that with the rise in these types of investments.

Whether that's through the ESG offerings which are growing significantly their cross 30 trillion in investments and having higher and then kind of the subset of that which is the faith-based investment specifically around allying investments with biblical values is a growing segment of the investment landscape and even in just the last several years, we've seen the introduction of some really high quality fun families and ETF's that deliver stellar performance. The other award-winning in many cases, and yet they're doing just what we talked about their excluding certain companies that don't align with Christian values there adding others that are intentionally seeking the kingdom impact and it's really exciting sorry go from here will a couple of things you been in my retirement account I own some of these fun families. So right there through my portfolio so I would look at your 401(k) to see if praxis is there to see if Eventide is here to see if inspire is there the others. These are some great fun families among others that are out there. I'd check with your advisor and that's one of the reasons we recommend folks connect with a certified kingdom advisor because these are men and women who are specialists in biblically wise financial advice, and many of them that includes their investment offerings as well.

So go check out some of these fun families eventide funds. Praxis funds inspire and then check with your back to moneywise live on Rob West nebula today taking your calls and questions on anything financially true. What's going on in your financial life is going. That's why it's open. Here's the number 800-525-7000. That's 800-525-7000 know we had a couple questions today related to our opening topic which was all about faith-based investing growing segment of the investment landscape, allowing you to invest your long-term investment dollars inside a retirement plan or even in a taxable account in investments, usually mutual funds or exchange traded funds that have a specific stated that kingdom were faith-based purpose where their excluding companies that are using their corporate profits for things that would not align with biblical values and at the same time. In many cases intentionally seeking companies that are to provide a return but also are making a kingdom impact.

We loves sharing the stories of many of these investments, and specifically the companies as examples that there investing in the difference that they're making in the world promoting human flourishing promoting God's kingdom literally around the globe. So I would encourage you ask your financial professional. If this is something you'd like to know more about, ask your financial professional about faith-based investing.

What options do they have available and that you'd like to explore that further. And if you don't have a financial advisor you can seek one out on our website. Someone who has the certified kingdom advisor just click find CK where to go back to the phones in just a moment will be talking about crypto currencies but think about the number here is 800-525-7000. We look forward to hearing from you to sterling Ohio Chris what's on your mind today. I have concerns questioned about. I've got friends that are doing and realizing some pretty good returns and it almost too good to be true category and I just want to find out what your thoughts are yeah not a send christening the technology behind crypto currency I think is here to stay. In many cases, it's a sign of the times in our digital age with instantaneous global transactions, many of which driving anonymity and then you have kind of the social aspect to it that's driving the rise of many of the more recent crypto currencies but I think as an investment as a steward of God's money. We just need to stay away.

That's my perspective.

I mean, you put it in the too good to be true category. I would certainly put it in the speculative category because yeah there's the potential for large gains but that high volatility means potential for large losses as well and it begins to tiptoe into the gambling space I think.

And if you look at the volatility I saw a study recently looking at the annualized volatility of the monthly percent change in the price a bit coin in the US over five years with that period ending in 2021 this year and that volatility was 90% compared to the S&P 500, which was about 15% in gold about 13% over that same time. So were talking about some pretty significant volatility and I think for that reason alone, I'd stay away from it, but I would add to that, Chris. You know, I generally just say I don't invest in things I don't understand fully and that I would put this in that category.

I think there are some issues with the potential supply of these big coins you know, while we know that the other guy and eventually The number of the big coins.

Many other crypto currencies of limited supply built into their protocols, but there is nothing to stop an ever-growing number of new crypto currencies from being launched and that supplies potentially limitless. It's a poor store of value ill because of just the means of exchange were talking about here.

You know the number of places where one can exchange crypto currencies for real goods and services remains very limited and so I think you know it it ends up being a pretty poor store of value and then obviously as it is inherent with these it's unregulated and unbacked. So it's a construct of the private sector. There is no official oversight or regulation means there are wide open to be exploited by criminals as a means to ask gam no investors in. There's obviously a lot of cyber crimes that have been conducted with these so I think because of all of these reasons, you just need to stay away again as it relates to this being an investment and recognize that you will keep a watchful eye and see what place this finds moving forward in our economy as a means of exchange, but not as an investment. To some extent. Yeah, I appreciate it very much thank you okay Chris. We appreciate you listening. Thanks for your call today to Wellington, Florida not far from where I grew up knowing how can we help you any home we have more funding that would be adapting to thousand four – arrangement throughout all these years ending now I'm thinking to whine about how I should should be and what they do to pay a dollars that more do or should I keep that money liquid when taught, the weight of the faculty are down by 13 near what I now the downside, actually, because the wedding don't what what what what what you have.


Very good. What I love the idea of you taking advantage of the incredibly high real estate market that we are seeing nationally, but certainly I think even more concentrated. It's just off the charts there in South Florida where you are taking that in your selling one of those properties arguably getting top dollar and using that to pay down debt. So I'm you think that generally just makes a lot of sense because it's gonna put you in a stronger financial position moving forward. And it's gonna reduce the amount you have to service the debt on a monthly basis, which means you should have more margin or cash flow. So I'm completely on board with that. But right there at the end you mentioned something about buying an additional home was that be another investment property or are you needing to buy a home that would be your primary residence, which, what would be still to fade out that market the property.

Dr. Capek did a quick goodbye laid it on).

You not doubt delegating and wetting down my neck. How we went downside from the one we have right now. Do you have some equity in the home you're living in now paid off okay even your primary residence, my family of recognition. It made out to be one thing happen mortgages they might when yeah so as long as you have emergency fund of at least six months, especially given the business that your end and perhaps even some reserves beyond that.

If you're looking to downsize your current property that shouldn't be a problem even with the real estate prices higher. You're going to get top dollar going out of your own residence that you could then plow right into that next property that smaller for you to live in.

So I think as long as you got that emergency fund II would absolutely liquidate that their property and use it to reduce the debt on the other two. Again, that's good to put you in a real strong financial position and that we want to pursuing a life debt-free over time.

You're absolutely doing that to take advantage of this hot real estate market and reduce your debt levels. We got slides open to hear from you. Here's number 800-525-7000 what's going on back to moneywise live moneywise, and yet love for you to do that you can take this program with you on the go. Perhaps listen on the treadmill work as you're driving around in the car using your tooth. Whatever it might be all of our episodes in a number of other podcasts in the area biblical finance you'll find in the Discover tab of the moneywise app you also find our community where you can post a question or comment, you hear from others in the moneywise community weighing in on your question or issue will also have our moneywise coaches and their periodically responding to your questions I will sever digital envelope system where you can track your spending and make sure you are staying on budget every month. As you manage God's resources. All of that's available in the moneywise app you'll find it in your app store. Just search for moneywise biblical financing you can download it today. Phone lines open 800-525-7000 just a moment were going to be talking about pensions where to tithe when you're at a home church. I will also even talk about how Social Security in some cases gets reduced especially if you are working beyond a certain threshold before full retirement age. But first, let's head to Taylorsville, Illinois. Lauren, thanks for calling today. How can we help you out my account and I would be why I know that it's a great question Lauren. I love that you think about this to my me asking what your ages, and now excellent yeah so you're able to save some money.

Are you working part time job right now and application, like a full-time job okay excellent. You know I love the fact you say this money, especially while you're still living at home before you move out on your own.

I wouldn't be too quick to invest it. Although it's good to be high on the list prior to doing that.

I just want to make sure you establishing good rhythm, starting with giving systematically delicious build that discipline in right upfront so that out of every check, you could start with the 10th of tithe you're right off the top. Every time you earn money and and I would allocate that or send that to your local church. Beyond that, we want to make sure you're living on a spending plan that you got a plan for your money and your tracking the flow of money in and out of the moneywise app would help with that. If you stem alignment were done will make sure we get you a free Pro subscription so you can download the information from your banks or credit cards as you track that and then you want to make sure you have a good reserve for emergency fund. Lauren, I generally recommend 3 to 6 months expenses just for the unexpected.

You know your car. You also need new tires and we need to plan for certain things that actually would put tires in that category. But let's say you know unexpectedly the transmission went out or something like that. That's where the reserve of the emergency fund comes in. So I would total up what you think and I realize your expenses are pretty low right now, but the total of your expenses times six is probably what you want to keep liquid in that savings account and I use an online savings account.

We are getting a little bit interest as well and you can link it electronically to your checking once you get beyond the emergency fund. The only other thing I would want you to think about before you start investing some of this reserve that you put away is are there any known expenses.

You've got coming up that are going to be somewhat costly because any money we'd start to invest. We want at least a 10 year time horizon on it and so if you know six months from now or a year from now you want to move out on your own and you can need first last and security and some deposits on utilities and things like that.

That's where I want you to have a real good understanding of what those costs are going to be and if you have surplus every month that you're adding to this 20 through 2500 you can factor that in as well based on how long it's going to be down the road before you.

Some of these major expenses hit like you trying to move out on your own. So what you factored that in then starting to invest would be a great idea when you get a full-time job.

If you have access to a retirement plan at work, especially whether some matching I'd start there. A lot of times they'll match you dollar for dollar. If you have a 401(k) up to, let's say 3% of your income will take advantage of that first because that's free money or not you get 100% return on your money anywhere else. If that's not available in this job you're looking for then the next best option for you would be a Roth IRA ROTH a Roth and you can open that it Charles Schwab or Vanguard, or if you'd rather using one of the online solutions mentioned another one called betterment. These would all allow you to use what's called a Robo advisor were you to answer a series of questions and they would build, essentially using an algorithm very properly diversified very low cost portfolio of investments using something called an exchange traded fund where you'd own various indexes that cover the gamut of the stock market both stocks and bonds primarily stocks domestic here in the US companies, international companies, small companies, large companies, you don't them all and so you'd capture the broad moves of the market as you make systematic contributions into that Roth IRA so that would kinda be my pecking order. Let's get the spending plan in place. Let's start getting if you're not already. Let's make sure you have six months of expenses. Let's factor in any other upcoming expenses like a move out of mom and dad's house and then we either go into the matching of the 401(k).

If you haven't, or start up putting in a monthly amount into a Roth IRA and Charles Schwab intelligent portfolios or betterment I throw a lot at you there. The Lord did you follow that awesome book, don't hesitate to go back and listen to this program in the moneywise app or it moneywise you will be up later today and if you stay on the line will get you a subscription in the moneywise apps you can begin tracking your budget there.

We appreciate your call. Let's head to Northwest Indiana DJ how can we help you today well I'm 1990, and even the light in 19 think that you have made my hand down and however I am anything that is even guided over concerning investment I have. I needed to act on. I couldn't take care of the night overnight. It and down love my complicated delay, but after that would just make whatever advice you could give me. Basically I am in a good ministry thinking and down and I invented that they'll let into the kingdom, and I know that my leg yes and DJ what specifically is your struggle right now. Is it just managing your finances day-to-day, month-to-month, or is there a specific issue you have a question at the beginning of the year last year I went back to what my thinking because I had barely an uncle and aunt can't make it I had made over them discontinued nine and so that caused them, a snowball effect. 98. I don't have any help in the Lord's name, and I think yes. Well, he is your provider.

DJ and I appreciate that you acknowledge that and you want to be found faithful in managing his money and I'm confident he'll provide for you. Let's try to get you some help here is so you I realize you earned over that 18,960 that you can make prior to full retirement age so they reduced your benefits dollar for every two dollars earned over that amount, you will eventually get that money back when your benefits are withheld because of earnings your monthly benefit increases when you get to full retirement age to take into account those months which the benefits were withheld so that will be returned to you. I think the question is based on the income you have right now the pension and whatever Social Security is coming to you, which it sounds like you will be increased in August. Are you able to cover your expenses. Right now you have a shortfall note that a great phone at midnight and I into the family and friends Adelaide Manning I do. Do you have credit card debt or what is the real issue here that you're not able to cover medical, no, not take. I know medical and housing and mental trafficking.

It would not go into a conflict okay so here's what I'd like to do because it sounds like there's just a lot of moving pieces here in terms of what you receiving now what will you be receiving when these benefits increase. How can we get you from where we are today to where you need to go out working with those medical providers to see if they can perhaps delay the payments on these until you have a little bit more figuring out you need to stay where you are or perhaps find other housing that's less expensive so I get you with one of our moneywise coaches to put you on hold and ask Amy my producer today to get your information working to connect you directly with one of the coaches that can be a real help to you to get into all these numbers and give you some counsel that I think will be a blessing to you as you move forward so we appreciate your call me just encourage you God is with you as you Artie acknowledged he is your provider. He will never abdicate that responsibility to anyone else that you trust the Lord as you have been, let's try to make wise decisions moving forward and will get you some godly counsel to walk with you and sort all of this out and I'll look forward to the day DJ you call me back and you give the praise report as to how God worked in the situation we appreciate your call Matthew in the Twin Cities. So you stay on the line. This is the program's overall talk to you about your house church and what you can do about your time to do it for us today want to say thank you for checking in with us moneywise live is a partnership between the radio and moneywise media lycée.

Thank you to my amazing team. Today he is producing Dan Anderson, engineering Clara Segar answering phones today.

Jim Henry providing research folks always a privilege to hear your stories to encourage you to celebrate with you what God is doing in your life financially come back and join us tomorrow. Will you apply God's truth. Your find

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