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The Meaning of Stewardship

MoneyWise / Rob West and Steve Moore
The Truth Network Radio
December 23, 2021 5:05 pm

The Meaning of Stewardship

MoneyWise / Rob West and Steve Moore

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December 23, 2021 5:05 pm

Christians are to be different and set apart from the world.  And a very good way to start living out that separateness is by practicing good stewardship. On today's MoneyWise Live, host Rob West will talk about how true stewardship should stand out in a culture that glorifies materialism. Then he’ll answer some financial questions from a biblical perspective. 

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His version of money was one store phone lines are not apart from the world is a good way to start is by practicing stewardship in a culture that glorifies materialism true stewardship should stand up by Rob West being a faithful manager of God's resources requires a working knowledge of stewardship principles behind will talk about that first today. Then we have some great calls lined up but we will be taking your life calls today because we're pretty report this is moneywise live where biblical truth guides our financial decision. So the first we must understand about ship is ownership. God owns every he created everything so that just stands to reason that Scripture is very clear about this particular Psalm 24 12 the earth is the Lords and the fullness thereof the world and those who dwell therein, for he has founded upon the seas, and established it upon the rivers about Deuteronomy 1014 behold to the Lord your God belong in heaven. The heaven of heavens, the earth and all that is in it and finally Psalm 50 verse 10 for every beast of the forest is mine and the cattle on a thousand hills. So we've established God's ownership. Now let's look at this form is usually from another angle, and we have to understand that if God owns everything.

That means we own nothing. That's a difficult concept to grasp because we possess a lot of stuff our house and car in bank account. We hold those things. But here's the key. We don't own the God does. We own nothing from the change in our pocket to the close on her back. God owns it all and were to use those resources wisely and in obedience to the Lord that if we become arrogant about who's done what it's good to remember that even the skills and abilities we have to acquire wealth belong to God. There only on loan if you will, and were to use them to glorify him. First and foremost not to enrich ourselves. Deuteronomy 817 and 18 makes this clear.

It reads beware lest you say in your heart my power and the might of my hand have given me this wealth you shall remember the Lord your God, for it is he who gives you the power to get wealth, that he may confirm his covenant that he swore to your fathers, as it is this day.

So God owns everything we own nothing in this is the first principle of stewardship.

The next principle that was responsibility see as stewards, we have no rights over what we temporarily possessed by the Lord's provision, but we do have responsibility to use those resources wisely for his purposes.

There's nothing wrong with enjoying God's provision. But we must seek the balance between that and using his resources for his purposes. This is defined in first Timothy 617 it reads as for the rich in this present age. Charge them not to be haughty, nor to put their hope in the uncertainty of riches, but on God who provides richly with everything to enjoy. They are to do good to be rich in good works to be generous and ready to share that one day each of us will stand before the Lord to give an account of how we used his resources just like the servants in the parable of the talents that the disc differences will be accountable for everything, not just money, but our time and abilities to those are all resources God has given us so we must use them wisely.

How do we know where to draw the line.

How to enjoy God's provision without clinging to it and claiming it for our own. I think that something each of us must determine in quiet prayer with the Holy Spirit. Romans 826 reads like this.

Likewise the Spirit helps us in our weakness. We do not know what to pray as we ought, but the Spirit himself intercedes for us with groanings too deep for words trust him to tell you if you're enjoying or squandering what the Lord has given you right now for the last principle and that's reward I think we have reason enough to be good stewards because of what God's already done for us. The priceless gift of his son for our salvation. He promises even more blessings when we're thankful stewards.

Colossians 3 reads like this.

Whatever you do, work at it with all your heart, as working for the Lord, not for man since you know that you will receive an inheritance from the Lord as a reward that is the Lord Christ you are serving how we manage God's vision will determine whether we hear those words. Someday we all want declared good key as we need understand our role and that's the role of manager or steward caretaker God's recent history.

So this is moneywise live with Rob West.

Today's program is pretty recording, so keep that in mind when you hear phone going to pause for a brief break now the ground. West will be back in a moment with moneywise live. Today's program is pretty recording, so keep that in mind when you hear phone going to pause for a brief break now. Rob West will be back in a moment with more moneywise live. Thanks for joining us today on moneywise live on Rob West program will recognize God owns it all for worse stewards of money is a tool to accomplish God's purposes will answer your calls and questions today apply the 2350 versus well, maybe not all of them at once, but apply the principles we take out of God's word to whatever's going on in your financial life. Before we get to our first call today in Athens, Ohio. Let me remind you are moneywise coaches are available to serve you.

It's one of the ministry offerings we make available here at moneywise media. These are men and women who have taken a portion of their time in ministry to come alongside God's people to help you develop a spending plan.

A debt repayment plan giving plan and teach you some of the principles we talk about here. Each day on moneywise live they'll walk with you for 6 to 8 weeks.

There is no cost for that coaching. We just asked for a small fee $25 for the electronic workbook. But if you can't afford that. We will cover that for you as well. I think you'll find it a blessing. And what we hear from folks coming out the other side of that coaching experiences that it is been incredibly helpful. How you take advantage of it will just simply head over to moneywise live.org and click connect with the coach and will get you in line get one assigned to you and will look forward to hearing how that works in your life all right phone lines open today with your calls and questions on anything financial 800-525-7000 were to begin today in Athens, Ohio, about thank you for going today. How can I assist you. Yeah, thanks for taking my call and God bless you and your ministry and all that you do to help folks think is my question has to do with investing I'm I'm new to investing, and recently opened a faith-based, not through credit union and I bet that the MDE you know the normal investment rocks had no similar performance but I did notice that on the faith-based listing of companies.

They still have a lot of companies like Microsoft Goodyear target Facebook others type that I don't really care to support new to their cancer, culture, ethics, and things that they seem to adopted with my question has to do is there any way to figure out a list of companies or how to exclude them as well as those that support abortion and enough pornography and all those sorts of things sure about am delighted to hear that as you get into investing. You're also thinking about how to align your investments with your Christian values, which is a really exciting opportunity that we all have as investors or might I say owner should know when we own companies. The question is what are those companies and what are they doing with their corporate profits and what are their primary business activities and do those conflict with our values. I think we all need to establish our own convictions about how we want to approach investing.

Do we want to avoid certain companies.

Perhaps you want to engage in buying other companies that are actually making a difference in the world from a kingdom standpoint or purely just human flourishing. Or maybe we want to use our role as ownership to engage with certain companies and vote proxies and make our voice known to align our Christian values with the company you know I think that opportunity exist today, perhaps in ways it hasn't in years past with some wonderful investment solutions that will do just what you're describing. Love to share some ideas with you, but first Bob when you say you went into a faith-based investing strategy described that for me was it a faith-based investing fund family inside that Roth how was it to portray to you and yeah I understand the kind it's a selection of companies and built primarily I think a lot of the tech companies and things and then let me faith-based on this. Was it eliminated things like company said they were involved either in pornography or just public tobacco and alcohol and all those sorts of things. Okay, so that your conviction to exclude certain companies. The question then is how are those filters or exclusions being applied and that would be up to each investment company to determine what that looks like hopefully they have the ability to provide screening that aligns with your convictions or it may just be kind of their own approach and you have to decide whether it works for you are not a couple of thoughts on where you go from here.

One is I would encourage you to check out some of the fun families that are really some of the leaders in this space. One would be called Eventide invest Eventide.com is the website. Another one is praxis PRA XIS praxis mutual funds.com and then 1/3 is inspire investing.com so invest even tied inspire investing in praxis mutual funds.

Those would be three world-class fun families that would be doing the kinds of things you're describing and have the level of exclusion. I think you're looking for but one other tool that's free that I would avail yourself of is a website from one of those companies I mentioned named inspire in the website is inspire insight.com inspire insight.com but what they do there with that free resources you can type in any stock symbol any mutual fund, symbol, or any exchange traded fund symbol in it through a massive database pulling content in from all over the web will actually provide a score for every investment you put in and actually give you insight into the kinds of activities there they have that may potentially violate your own values and not only can you see the score they provide. But you can do your own analysis based on the information that returns so I think Bob. Perhaps that's the starting place for you is to evaluate what you have. See how it scores and then look behind that to see the kinds of things that are driving that score down so you can see, if you do have some concerns about that and then secondly I would check out any one of those three fun families, perhaps for some other investment options that would really lineup more effectively with what you're looking to accomplish.

Does that make sense for you. I appreciate the references that you will offer Darren. I plan to investigate them.

Very good, Bob. We appreciate you listening. Thank you for your kind remarks today sir and may the Lord bless you.

We appreciate it very much. Folks, this is really exciting development that's taking place in the investment landscape where alongside a secular approach to investing, called ESG, environmental, social and governance type of investing is a subset of that there's a really growing segment called faith-based investing where you can in fact make sure that your values align with your investment. So perhaps you should check out this fun families I mention for yourself. Invest Eventide inspire investing praxis mutual funds. Please order question just around the grateful you decided to tune in today to moneywise live on Rob last just a moment were to be talking with Dan in Fort Wayne about investing his tax refund will talk with and in Cleveland about whether she is responsible for her parents debt if he or she, her parents passed away. I will talk about investing the 401(k).

But first, let's head to Spring Hill, Florida and talk to Travis how can I assist you. I purchased all house around three years ago with homebrewed mortgage at mortgage with downtown and just recently a transfer to freedom mortgage and a chat me some mail and telephone call on to contact them things that I could get a lower payment and I did and they were all for me to refinance and I was just curious if I should refinance. I don't know much about that. Yeah tell me about the current mortgage that you have. You said, it's fairly new. You took it out, not to set right in HAL beliefs streamline mortgage all right and now now what is the term other than the interest rate 30 year term and the interest is 5.12 okay and the they told you what that new interest rate would be if you were to streamline refinance.

Yes, it would David's 3.625% okay are a very excellent and would be a new 30 years he gave me an option of a new 30 years and then staying the same year that like saying the same term. Very good.

Yeah, I like this option, your your rate is high, your to save nearly 2 points on it and with FHA, the streamline refinance program that gets its name because it allows borrowers to refinance an existing FHA loan to a lower rate more quickly. You'd miss a lot of the paperwork and appraisal that you would typically have with a straight refi and you can save a lot of money and time in doing it. So as long as you plan to stay in this home for a while. I like the idea that you do the streamline again.

It would be lower cost you come out way ahead with the a lower interest rate over the life of the loan and if you'd stick that option where you're not extending the term I like that. Even better, so I would say Travis, go ahead and proceed. I'd be concerned with. You refinancing again with a straight refi just because of the cost you been incurring as you been doing this but of the streamline refinance gives me some more confidence that this is the direction to go. So I would in fact proceed and let us not.

Turns out we appreciate your call today.

We got slides open 800-525-7000.

Let's head to St. Charles, Illinois Joanne, thanks for your patience. I can help parents. So I received a call yesterday from my financial advisor that hundred 59 enhancing the first question was who told you in any way. He said he said so we were wondering, it's probably a good idea to take your 401(k) money that you have and give it to us so that we could start an IRA for you and you know, I know. Typically people charge for moving monies for you were watching over your monies and you know while night one. My 401(k) is with a company called July services like ants, you know it's growing near some like what is the benefit for me to move back or what are the pitfalls so you know. And then, would there be a concern for cactuses defined movement that I have to pay taxes on the money now or are there other things I should move right now I'm debt-free. My home is paid off. I have no debt, so I'm saving money as I say that I keep putting it into this investment firm, but I don't know if I'm making a wise decision with what I'm doing.

I'm just putting it here there and just say the first thing you have to determine is whether or not your plan little your 401(k) plan would allow you to roll these funds over while you're still working. In most cases you have to separate from the company in order to do that but essentially once you roll into an IRA. Whenever that time comes, which I think is generally a good idea for most folks that's not a taxable event.

So it really doesn't have any impact on with your 59 1/2 or not because you're not withdrawing the money, you're simply rolling it from a qualified account 401(k) to another qualified account.

The IRA you're not taking possession of the funds and so as a result of that rollover you know you're not recognizing any income or paying any tax and then you would have to deploy those funds into new investments. Once it was rolled into the IRA. I think the main question for you at this point is ill. What investments are available to you in the 401(k) and which ones have been selected by you or somebody else and are they appropriate for your age and risk tolerance goals and objectives in the last 12 years market is done quite well the last couple years is done really well so were in on the Kenneth backend of our raging bull market now wears a going from here. Will no one knows but I think the prospects that we could hit you know cyclical rollover of the market because the economy takes a downturn a year or two down the road with inflation and higher interest rates and the debt that we taken on in this country and just some of the things that tend to happen in cycles economically could lead to a recession at some point or a bear market and we know historically were due for one. So the question would be, even though you've done quite well over the last 12 years are you positioned appropriately so that if we were to hit a rough patch in the market which I wouldn't say would last forever. It would go typically after 18 months or 2 Years Would Work Her Way through it and move into a new upward cycle, but during that time. Are you too close to retirement and perhaps taking too much risk you may find yourself in a position where your account was down 20 or 30% or more and that would be concerning to you so I just want to make sure that you're invested in the right things with the right allocation of stocks and bonds and real estate investment trust that that's a part of this. So whether you leave it there in the 401(k) or roll it out to an IRA at some point to have it managed I get some professional expertise to look this over and it's worth that you've been saving for a long time and this is a lot of money that you put away so I encourage you to go to our website moneywise live.org look for a certified kingdom advisor or two or three in your area that you could interview and then if you leave it in the 401(k) they wouldn't have to take over management. You can just pay them for their time to evaluate the investments tell you whether you're on the right track and you should make some change moneywise live.org just click find the CK concert is called today you are listening to moneywise live with Bob West.

Today's broadcast is prerecorded and that means were not taking any calls but we got some calls lined up and great information coming your way that we think you'll find help. So stick around for more moneywise live after this brief break. How should we as Christians think about investing. What if we could invest our money in a way that aligns with what we believe that Eventide we believe it is possible to love God and love our neighbor in the very practice of investing we design investments for performance and a better world so you can invest for the future with a sense of wholeness and purpose.

We call this investing that makes the world rejoice. More information is available@investeventide.com. If you're investing for retirement or any other goal you may be wondering if it's possible to enjoy both profit and peace of mind, no matter what's happening in the market. Sound mind investing is a short video webinar on that topic. Sound mind investing.org SMI has helped tens of thousands of Christians learn to be wise and faithful stewards in the area of investing profit and peace of mind matter what's happening in the market. Sound mind investing.org it's been lingering in your mind for the past few months. Is it time to move on for my current job. Maybe you're feeling drawn to ministry. Here's a thought about investing in the mission of Moody Bible Institute in Chicago. Moody is all about teaching students the word of God and preparing them for service, but that mission also involves Moody's sister ministries like broadcasting and publishing help make an impact in ministry at Moody check out all the career opportunities@moodyjobs.org that's Moody jobs.org, and a family that has fun together. You have a full schedule and carving time to find affordable events can feel overwhelming uncommon family ventures. Randy Southern regional ideas for my memories, connecting spiritually in each other's love languages to uncommon family adventures and publishers that come your brand-new to moneywise are been with us since the early days with Larry and Howard. You know we love helping people get out of live within their means, save for the future and become more generous. We want them to learn and apply biblical wisdom to their finances so they can be better followers of Christ and be free financially to serve, but to do this we need your help with a monthly or one-time gift before December 31. Just go to moneywise live.org and click zoning and thing events are in use on John's jurors have convicted a suburban Minneapolis police officer of first-degree and second-degree manslaughter in the fatal shooting a black motorist don't I write, the jury deliberated for about four days before finding Kim Potter guilty of both counts. Earlier today, consumer prices rose 5.7% over the past year.

That's the fastest pace in 39 years as a surge of inflation battered Americans. As the holiday shopping season was getting underway. The November increase reported by the Commerce Department followed a 5% rise for the 12 months that ended in October. Stocks closing the week higher on Wall Street. The Dow was up 196 points that the NASDAQ gained 131. The S&P was ahead 29 this is SRN news delighted to have you along with us today. I moneywise live care team is off today were taking some time away from the studio, so don't call in, but we have some great questions lined up in advance and before we go back to the phones, take an opportunity to remind you the importance of your gifts to moneywise media. Year-end, we are listener supported. So everything that we do from this radio broadcast each day to our moneywise coaches over content moneywise live.org even our moneywise app a great new addition to our suite of ministry offerings this year is all made possible through your generous support. So if you would prayerfully consider a gift to the ministry here before December 31. In addition to the giving to your local church.

We would certainly be grateful you can do that quickly and securely online. Just go to moneywise live.org and click the donate button. You'll also find a physical mailing address there if you'd rather send a gift through the mail or a phone number so you can give over the phone again moneywise live.org just click the donate button and thank you in advance for your generous support.

Let's head back to the phones to Cleveland, Ohio W CRF and thank you for going today. How can I help you. I'm just wondering A, black hair, and I wondered if any of her cats Medical our credit that are able to be forgiven. Yes, a good question ill the. The law requires the estate to pay the deceased person's bills before distributing money to errors. If for some reason the account doesn't have enough money to pay off the creditors then you as an errors are not responsible for any unpaid balances. Unless of course it was a joint account with you or you cosigned for the debt, but apart from that, that would be handled from the estate part of the responsibility of the person handling the estate, the executor prior to the funds being distributed.

And again, if the funds are not available.

Typically it's charged-off or forgiven. At that point. Does that make sense to you now.

Take out and I had heard that if you have chronic parking your own name that your spouse is not responsible for that debt.

If you are to cast away that trailer yet in income and loss states, you're usually only liable for credit card debt. If the obligation is in your name.

So if the credit card is only in your spouse's name your typically not liable for that debt. But I think at that point you have to ask yourself you know is this money that was charged for field by both of us and you decide how you wanted to handle that to you with integrity. But yes, from a from a common-law state standpoint to there would not be responsibility. There okay okay I guess I was cooking that they went right Back and that the parent status are okay that makes sense. All right, are you listening is going absolutely.

And God bless you to Fort Wayne, Indiana Dan, thanks for going today. How can I assist user year three, I received a tax return and I'll hit wondering what a good thing would be to do it like I want to put in. I made it towards investing very good so couple of things number one. How did much did you receive on your refund 8000 okay so the first thing I would look at. Dan is increasing your withholdings so you get more back in your monthly paycheck because what I'd rather you do is have a spending plan or a budget that really reflects your goals and priorities, including giving and saving for the long term, and if you don't have an emergency fund building that up. If you have consumer debt paying that off. You're going to do better. Getting that in your monthly check every month so that you can prioritize the use of those funds as opposed to getting a windfall at the you know getting of the next year and giving a tax-free loan to the government you all those months while you're waiting to get that back which I'm glad to hear you're thinking about investing it, typically with a windfall like that your folks will not necessarily use that in the most wise way they might yield by a big ticket item are going to big vacation or something like that. So talk to your HR department about increasing your withholdings so that you've got your more money coming back to you in your paycheck every month and less being taken out for taxes but with regard to how to use this $8000 and ask a couple of questions do you have an emergency fund, a liquid savings account for unexpected expenses hi, I have 11,000 babies great and that separate from this 8000 right yeah perfect. Secondly, do you have any credit card debt. I paid off every month.

What I you excellent and you have any other debts, car loans anything like that. I have a property that I am property. Our property okay so it's a mortgage and that mortgage at the that's all you have okay and are you contributing gendered retirement through it work no way I'm not on my employer know and offer nothing. No, okay. Are you considered self-employed or are you W-2, W. Q okay. Alright well I think this is a great opportunity to start putting something away for the future nearby putting this into a Roth IRA. What is your age 23 okay great so your young guy. If you get started now a Dan and put this into a Roth.

You could put away a 6000 in a Roth for this year deal that would give you a great start toward your saving something for the future. Ideally, your employer would add something down the road. But until that time comes I get this into a Roth. I'd probably open a Roth at either betterment or at Schwab in their Schwab intelligent portfolios or you could look at the Vanguard advisor. Any one of those would be great.

And basically it's a very simple process you open a Roth IRA. You'd make the deposit and then after answering a number of questions. They build a low-cost ETF portfolio using indexes to give you a good diversified portfolio that could grow over time.

And then when you increase the withholdings and get more coming back in your paycheck. Looking forward, you could perhaps just do a systematic contribution of let's say your 500 a month right into that same Roth IRA starting next year so you can fund 6000 a year. If you have the ability to do more over time. You could look at some other options for your investments but I think that would at least give you something that's going into long-term retirement saving. So betterment Schwab intelligent portfolios or the Vanguard advisor you want to open a Roth IRA and then make a 2021 contribution to that account. I hope that helps you my friend. Thank you for your call today. We appreciated very very much. Hey, I before we head into our next break and then we have some great calls that are lined up to take here and in just a moment.

Let's take an emailed question. This comes from Jan in Washington and she says what should I tithe on Social Security stimulus. That's a good question Jan and you know here's my approach to this. Clearly we see throughout Scripture where to be generous, weird, and I will be tied as the beginning point, Randy Alcorn, the articles of the training wheels.

Tithe means 10.

I think we should give their to our local church then get on that voice is heard as a wino hearts passions.

What's our increase. What I would say simply everything that passes through your hand, Social Security, stimulus, paycheck, inheritance, it's all God's provision and we can't out give God.

So I returned the 10th to the Lord through your local church and then look for ways to give Jan that you want to send a question to us will read it on the air to questions moneywise.this is a reminder that were not alive today. We do have lots of great information coming up and the rest of the program. So please stick this is our final segment of the broadcast. We previously reported. Thanks so much for being with us today and we hope you'll stick around and enjoy the rest of today's program questions applying God's word to your financial decisions and choices.

Let's go right back to the phones, West Palm Beach, Florida Scott, thank you for your call day, how can I help you yesterday afternoon in a chapter 13. Like most of the country. God, I was approached about possibly refinancing our home spoke with our bankruptcy attorney and they said yeah you can do that yet by the court.

I believe, but is not even a smart thing to do right now. Well, it's just good to be a function. Scott whether or not you can improve your mortgage enough for it to make sense because there's obviously a cost related to this, you're right. You can do it with the next FHA and VA, you can typically do it after one year of on-time payments with a conventional loan, typically two years before you can qualify, I think the question is with that bankruptcy on their what is the lender willing to do. Can you save a appoint to appoint 1/4 of the interest rate can you match the term. Are you can a plan to stay in this home at least 5 to 7 years and in a one of the expenses are they much more than 2% of the value of the loan if they are you know that would start to concern me but let's start with the interest rate you have a sense of what you could get what you are right now.

I just look at it 4.5 it's a 30 year and I believe that I have to look at it a little deeper, but I think we are paying on the answers or or addressing any of the need of the loan right now and I don't know our credit is not great. We had to get new members that that had cancer and I kind of get it right. A lot of our savings and affect our credit well and I suspect me unless it's an interest-only loan if it's a conventional mortgage.

You've got no in the early part of the loan.

A very small amount going to principal.

But there is something going to principal and that increases every. Every payment you make.

But again I think if with bad credit. In this chapter 13 out there you can be hard-pressed to save at least a point on the interest rate, it's worth looking into. Nothing except some time on your part two investigated and if you could save at least a point in the expenses were in line I would say could make some sense. But I'm thinking that's probably not going to be the case so I take a look again.

I want you to stay 5 to 7 years that want you to try not to pay much more than 2% of the loan value and and refinance costs. I want you to save at least a point on the interest rate and match or decrease the remaining term you can do all those things I'd say proceed. I suspect you will be able to sue in that case just stay paying that chapter 13 every month on time and over time, your credit will repair itself.

In the meantime that's not a terrible rate and I realize your rates are lower now, but given the situation think you know having something around 4 1/2% is not all bad. We appreciate your call today.

I Scott and thanks for listening to the program to Illinois Louise, thank you for your call. How can I assist you yet. Thank you so much for taking my call and calling because I went into a benefit in property that my daughter got preapproval for on a Fannie Mae loan which the mortgage person gave up to option 4.1 without a point, but 20,000 out dollars now 404.25 but $25,000. But the point by point and I'm that I don't know about what point are and I'm a little concerned because the bill great. I am near retirement and thought just a little ambivalent at what direction I should go at the ticket.

I give you the numbers again were the interest rates of over the points associated with them. If we put $20,000 out of a 4.00.25 down 4.251.5 point okay yeah you know that's not a bad rate because this is an investment property.

It's going to be higher so I would go. I would certainly look at this. What concerns me more about the rate is just are you in a position to do this in terms of taking on this investment condo at this stage of your financial life. Do you have the money to put into it. Are you able to cover the debt service.

What is your plan with regard to the property. Are you looking to rent it out and you know do you have the time or are you trusting you know your family members going to do that in terms of getting the renter in there and maintaining the property and what if there is damage when they move out of all of these things. Not to mention the fact that you're buying and the really sky high real estate market right now so you have to look at your area and just see you know how elevated are these prices and you would've these same condos sell for a year or two ago and how much of a premium. Are you paying because of what's going on in the housing market right now. So those are the things that concern me, perhaps more, then you paying 4%. I don't think I would pay in your situation. The discount points. I'd probably go with just a straight 4%. Terry skews me think was 4.25 with no points but I want to make sure you've addressed all of those other things first before you make this decision to move ahead. Does that make sense always on mission to to make the pain they only have it.

I don't like to be dead at any debt on this debt free.

I have no doubt but that what was given to me what the mortgage could be anywhere from 1500 to 1800 and that meant that the legal a bit out of my range in terms of comparability on a regular basis right. I can certainly understand that and I think you know, given what is the potential for income coming off of this, especially given how high the real estate market is right now is probably you know it may not be what you think it will be just because of how high the debt services on a monthly basis. So I I'd probably take a hard look at this, make sure this is the right time and you take on this kind of debt you've obviously position yourself quite well where you can enter retirement with you know as little expenses as possible because you you position yourself to be debt free and that's a good thing. So I just make sure you're going into this for the right reasons, not because somebody's urging you to do it or they can't do it without you, and they want to do it, but because this is the right thing for you and I'd be inclined to say hold off at the very least, just push the pause button. Pray about it and really take a hard look at it, perhaps perhaps you could visit with a certified kingdom advisor there in Illinois who could just for an hour or two of their time give you a real objective viewpoint on this by looking at all of your finances which I see I don't have the benefit of looking at your budget. The assets that you have in making sure this plan makes sense, but I go slow and proceed cost. We appreciate your call today at the plantation Florida EV. Thank you for calling today. How can I help you I went vacant at property up north Florida and against proposition and that I wanted anything interrogated me that there are Craney 45,000 by that penalty tax penalty that I would have to pay to say this is a raw land. Okay. And how do you know this is a fair price. Do you have as anybody looked at and done a market analysis for you to get a three night hearing that line and I looking around at the people and people that actually live in the area and that so I don't pay a penalty well should be a penalty and you'll pay capital gains tax, but that should only be 15% depending upon your income for most folks that's what it will be so good news is, real estate is incredibly high right now in Florida.

In fact, I'm a family member just sold a piece of property, and in the middle of the state in got far more than they ever expected. So this is a real thing in development. This is taking place rapidly and Florida is seeing an incredible influx of folks that's resulting in a lot of this building and development, and prices are very elevated. So arguably this is a really good time to sell the tax doesn't concern me because it's gonna have to get paid at some point in the prospects are that the capital gains taxes. The tax rates are going higher, and that's what's being proposed by the current administration. The question is just which it most taxpayers it will affect it at what it what wages and what levels of income, but there's no reasonably tax rates are going any lower. If anywhere. They're going higher, so I would say, given how high the real estate market is and how low capital gains taxes are even though you are you have a tax bill the IRS.

This is a great time to sell this property. The thing I want to do it is just because it's higher than you've ever gotten. Doesn't mean it couldn't be worth more. So I would take the time to find a realtor real estate professional or broker in that area that knows the the property that you have for the area, at least where the property is located and can do a CMA, a comparative market analysis to look at what other properties around it have sold for to see if in fact this is the right price, and it may be may be a phenomenal offer but you may find that other things have sold recently for a lot more and do you're right. You're giving up quite a bit so I'm on board with you selling it if it's the right thing for you financially, just given the reasons I mentioned, but I do a little more due diligence before you accepted the offer. I hope that helps you today. We appreciate your call very, very much. Well folks were about out of time. We covered a lot of ground.

Today we talked about how we handle God's money, and a host of issues in a way that honors him and that's really what it's all about.

We want to hold God's money, loosely we want to give generously. We want to think about how we can align our hearts moneywise. I was a partnership between Moody radio and moneywise media. Thank you, Dan Jim Gevity. Thank you for being here will be back tomorrow with much more


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