1 00:00:02,920 --> 00:00:06,359 S1: The following episode of Faith and Finance Live is prerecorded, 2 00:00:06,360 --> 00:00:08,200 S1: so please don't call in. 3 00:00:08,480 --> 00:00:11,680 S2: From ancient times to modern markets, gold and silver have 4 00:00:11,680 --> 00:00:16,360 S2: captured people's attention, especially during seasons of uncertainty. Hi, I'm 5 00:00:16,360 --> 00:00:19,760 S2: Rob West. That's one reason more believers are asking whether 6 00:00:19,760 --> 00:00:22,240 S2: precious metals like gold or silver should be part of 7 00:00:22,239 --> 00:00:26,080 S2: their portfolios. Today we'll talk about where precious metals fit 8 00:00:26,079 --> 00:00:29,440 S2: and where they don't when it comes to wise financial decisions. 9 00:00:29,680 --> 00:00:31,920 S2: Then we'll have some great calls lined up. But since 10 00:00:31,920 --> 00:00:35,839 S2: we're not live today, please hold your calls until next time. 11 00:00:36,120 --> 00:00:39,400 S2: This is faith and finance. Live. Biblical wisdom for your 12 00:00:39,400 --> 00:00:46,159 S2: financial decisions. Let's start here. Precious metals are one of 13 00:00:46,159 --> 00:00:49,400 S2: the oldest forms of money in human history. Gold and 14 00:00:49,400 --> 00:00:51,920 S2: silver have been used as a store of value for 15 00:00:51,960 --> 00:00:55,680 S2: thousands of years. Even today, when fiat currencies dominate the 16 00:00:55,680 --> 00:01:00,670 S2: global economy, metals still carry an aura of stability and permanence, 17 00:01:00,670 --> 00:01:03,950 S2: and for good reason. Governments can print more dollars, but 18 00:01:03,950 --> 00:01:07,350 S2: they can't print more gold and silver. That's why investors 19 00:01:07,350 --> 00:01:12,110 S2: often turn to metals during periods of inflation, geopolitical tension 20 00:01:12,110 --> 00:01:16,190 S2: or financial instability. They're viewed as a hedge, something that 21 00:01:16,190 --> 00:01:20,550 S2: maintains purchasing power when confidence in the broader system wavers. 22 00:01:20,830 --> 00:01:24,310 S2: But while that perception holds some truth, it's important to 23 00:01:24,350 --> 00:01:29,110 S2: separate reality from myth. Metals are not magic assets, and 24 00:01:29,110 --> 00:01:32,990 S2: they don't behave like traditional growth investments. Let's unpack a 25 00:01:32,990 --> 00:01:38,590 S2: few considerations. First, metals don't produce income. Stocks pay dividends, 26 00:01:38,590 --> 00:01:43,270 S2: bonds pay interest, and real estate pays rent. Metals simply sit. 27 00:01:43,470 --> 00:01:46,510 S2: That doesn't mean it can't appreciate in price, but it 28 00:01:46,510 --> 00:01:49,870 S2: does mean its return is fundamentally different from that of 29 00:01:49,870 --> 00:01:56,030 S2: owning productive assets. Gold sits still. Businesses build second. Prices 30 00:01:56,030 --> 00:01:59,820 S2: can be volatile, while metals are often described as safe, 31 00:01:59,820 --> 00:02:02,740 S2: their market swings can be sharp, and there have been 32 00:02:02,740 --> 00:02:08,100 S2: long seasons when prices barely moved. Third, costs matter. Physical 33 00:02:08,100 --> 00:02:12,459 S2: coins and bars come with premium storage and security considerations, 34 00:02:12,460 --> 00:02:15,739 S2: but if you prefer not to handle physical gold or silver, 35 00:02:15,740 --> 00:02:20,420 S2: you can invest through exchange traded funds, ETFs or similar vehicles. 36 00:02:20,660 --> 00:02:24,700 S2: These track the price of metals without the hassle of storage, 37 00:02:24,700 --> 00:02:29,700 S2: insurance or security, making them a practical option for many investors. 38 00:02:29,820 --> 00:02:35,460 S2: Fourth allocation matters most financial professionals who favor metals recommend 39 00:02:35,500 --> 00:02:38,900 S2: keeping them at a small percentage of a diversified portfolio, 40 00:02:39,060 --> 00:02:43,859 S2: typically 5%, certainly no more than 10%. When metals dominate 41 00:02:43,900 --> 00:02:47,579 S2: a portfolio, they often crowd out assets that are better 42 00:02:47,580 --> 00:02:50,940 S2: suited for long term growth. Now let's bring Scripture and 43 00:02:50,940 --> 00:02:55,460 S2: stewardship into the picture. The Bible references gold and silver frequently, 44 00:02:55,460 --> 00:03:01,250 S2: not only as commodities, but as symbols. They represent value, beauty, craftsmanship, 45 00:03:01,250 --> 00:03:05,850 S2: and even worship. But Scripture also warns against turning them 46 00:03:05,850 --> 00:03:10,690 S2: into objects of trust. In first Timothy 617, Paul instructs 47 00:03:10,690 --> 00:03:14,130 S2: the wealthy not to set their hopes on the uncertainty 48 00:03:14,169 --> 00:03:18,010 S2: of riches, but on God. The problem isn't money itself, 49 00:03:18,169 --> 00:03:22,250 S2: it's the misplaced hope. Gold cannot redeem us, rescue us, 50 00:03:22,250 --> 00:03:26,090 S2: or secure our future in any ultimate sense. Only the 51 00:03:26,090 --> 00:03:28,970 S2: Lord can do that. We also see this theme in 52 00:03:28,970 --> 00:03:32,169 S2: Proverbs 18 verse 11. The wealth of the rich is 53 00:03:32,169 --> 00:03:35,530 S2: their fortified city. They imagine it a wall too high 54 00:03:35,570 --> 00:03:39,690 S2: to scale. The key word is imagine wealth. Even in 55 00:03:39,690 --> 00:03:43,530 S2: seemingly solid forms like precious metals, can create the illusion 56 00:03:43,530 --> 00:03:47,730 S2: of safety. That's an important reminder because metals often attract 57 00:03:47,730 --> 00:03:52,170 S2: investor interest during periods of fear. Fear isn't a reliable 58 00:03:52,170 --> 00:03:57,030 S2: investment strategy. Wisdom is. Fear always wants to rush. Wisdom 59 00:03:57,030 --> 00:04:00,230 S2: tends to move slowly. As stewards, our goal isn't to 60 00:04:00,270 --> 00:04:03,510 S2: react to the headlines with panic buying, but to plan 61 00:04:03,510 --> 00:04:07,470 S2: and allocate resources with prudence, patience and prayer. So let 62 00:04:07,470 --> 00:04:11,670 S2: me offer three principles. Number one, metals can be a tool, 63 00:04:11,670 --> 00:04:14,990 S2: not a treasure. We don't need to spiritualize them or 64 00:04:14,990 --> 00:04:19,229 S2: demonize them. They're simply one part of God's created resources, 65 00:04:19,230 --> 00:04:23,950 S2: useful when held with open hands. Number two, metals should complement, 66 00:04:23,990 --> 00:04:27,910 S2: not replace, a well-diversified plan. Some Christians want to go 67 00:04:27,910 --> 00:04:31,710 S2: all in on gold because they fear economic collapse. But 68 00:04:31,710 --> 00:04:35,469 S2: Scripture doesn't call us to make decisions from fear. Number three, 69 00:04:35,670 --> 00:04:40,790 S2: every financial decision, whether investing in index funds, bonds or bullion, 70 00:04:41,029 --> 00:04:44,670 S2: ultimately sits under the bigger question. Lord, how can I 71 00:04:44,670 --> 00:04:48,830 S2: honor you with what you've entrusted? If metals help reduce risk, 72 00:04:48,830 --> 00:04:53,270 S2: preserve purchasing power, or enable generosity over time, they may 73 00:04:53,310 --> 00:04:56,580 S2: serve the kingdom well if they fuel, worry or become 74 00:04:56,580 --> 00:05:00,419 S2: a bunker mentality. They're pulling us off course. Here's the 75 00:05:00,420 --> 00:05:04,780 S2: bottom line precious metals may help preserve purchasing power, but 76 00:05:04,779 --> 00:05:08,300 S2: they don't produce income. They don't guarantee returns, and they 77 00:05:08,300 --> 00:05:12,539 S2: don't produce ultimate security. They're a hedge, not a haven. 78 00:05:12,779 --> 00:05:16,659 S2: Our true security isn't found in vaults or accounts, but 79 00:05:16,660 --> 00:05:20,140 S2: in Christ. I hope that's an encouragement to you today. 80 00:05:20,180 --> 00:05:22,900 S2: Hey folks, we're going to pause now for a brief break, 81 00:05:22,900 --> 00:05:25,740 S2: but we'll be back with much more on today's Faith 82 00:05:25,740 --> 00:05:35,460 S2: and finance live. Delighted to have you with us today 83 00:05:35,460 --> 00:05:38,460 S2: on Faith and Finance Live. We're not here today. Our 84 00:05:38,460 --> 00:05:41,140 S2: team is away from the studio. This is pre-recorded, so 85 00:05:41,140 --> 00:05:43,460 S2: don't call in. But we've got some great questions we 86 00:05:43,500 --> 00:05:45,900 S2: lined up in advance before we go to the phones, 87 00:05:45,900 --> 00:05:48,820 S2: let me remind you, faith and faith and finance live 88 00:05:48,820 --> 00:05:51,500 S2: is listener supported. If you'd like to be a financial partner, 89 00:05:51,500 --> 00:05:55,130 S2: you can do that at Faith. Com just click give 90 00:05:55,170 --> 00:05:58,570 S2: thanks in advance. All right. Let's head to the phones. Uh, 91 00:05:58,570 --> 00:06:01,130 S2: let's head to Alabama. John, how can we help? 92 00:06:02,610 --> 00:06:05,650 S3: Yes, sir. Thank you for taking my call. Of course. Um, 93 00:06:05,650 --> 00:06:12,010 S3: I've got a question about my credit rating. I previously 94 00:06:12,010 --> 00:06:16,570 S3: had a high credit rating. I thought around 803 823. 95 00:06:16,610 --> 00:06:19,890 S3: Something in that range. Then I moved to southern Alabama, 96 00:06:19,890 --> 00:06:25,250 S3: retired and moved, um, during the process of getting insurance quotes. 97 00:06:25,250 --> 00:06:28,530 S3: And I think that's where the problem lies. They may 98 00:06:28,570 --> 00:06:33,010 S3: have made a couple of hard inquiries of my credit 99 00:06:33,010 --> 00:06:37,210 S3: score by mistake, as opposed to a soft inquiry due 100 00:06:37,210 --> 00:06:40,570 S3: to some of my searching, but my credit rating overnight 101 00:06:40,810 --> 00:06:45,089 S3: dropped from the low mid to low 800 seconds to 102 00:06:45,130 --> 00:06:54,320 S3: mid to low six hundreds. Um, I got an advertisement. Uh, spam. Uh, about, um. 103 00:06:54,440 --> 00:06:57,600 S3: Let's see. Credit card. Check your credit score. So I did, 104 00:06:57,640 --> 00:07:01,200 S3: and that's when I found out that my credit score was, 105 00:07:01,200 --> 00:07:07,600 S3: I think, 850 something. I'm sorry, 650 something. And, uh, 106 00:07:07,600 --> 00:07:10,520 S3: so I called the credit people, and I. Well, I 107 00:07:10,520 --> 00:07:14,000 S3: called everybody, and nobody can tell me anything, and I 108 00:07:14,000 --> 00:07:17,080 S3: don't know. I don't know what happened, how to correct 109 00:07:17,080 --> 00:07:21,240 S3: it or anything. The, um, my credit history where you 110 00:07:21,240 --> 00:07:28,040 S3: go back and you look at for any delinquent payments, um, foreclosures. Anyway, 111 00:07:28,080 --> 00:07:33,520 S3: my history is perfect. I don't owe any bills. I don't, uh, 112 00:07:33,920 --> 00:07:37,640 S3: own my home, own my vehicle, own my boat, uh, 113 00:07:37,760 --> 00:07:41,720 S3: pay my credit card in full every month. I have 114 00:07:41,720 --> 00:07:46,880 S3: no debt at all. And, uh, sufficient income, retirement income. 115 00:07:47,320 --> 00:07:50,070 S3: But I heard your show say you would. you would 116 00:07:50,070 --> 00:07:53,350 S3: are able to discuss credit issues. So I thought I'd 117 00:07:53,350 --> 00:07:54,870 S3: give it a try. And here we are. 118 00:07:55,630 --> 00:07:58,390 S2: All right. Well, I'm so sorry to hear about it. 119 00:07:58,390 --> 00:08:01,190 S2: I understand why that would be concerning. Uh, let me 120 00:08:01,190 --> 00:08:05,990 S2: just say, uh, a drop like you're describing from 800 121 00:08:06,030 --> 00:08:09,790 S2: to call it 650. Uh, almost never happens without a 122 00:08:09,790 --> 00:08:14,710 S2: major negative item being added to the credit report. So 123 00:08:14,710 --> 00:08:17,390 S2: a common reason for a drop that's significant would be 124 00:08:17,430 --> 00:08:19,430 S2: a missed or late payment. You're saying you looked you 125 00:08:19,430 --> 00:08:22,910 S2: don't see any an account sent to collections? Uh, a 126 00:08:23,030 --> 00:08:28,430 S2: really high credit utilization. So that's a large balance reporting 127 00:08:28,470 --> 00:08:31,950 S2: 50 to 90% of a credit limit. Um, you know, 128 00:08:31,990 --> 00:08:35,510 S2: that's often temporary, but until balances are paid down. But 129 00:08:35,510 --> 00:08:38,390 S2: it could result in that dramatic of a drop, an 130 00:08:38,390 --> 00:08:43,310 S2: account closed unexpectedly that affects credit utilization, some sort of 131 00:08:43,470 --> 00:08:47,230 S2: derogatory remark. Those would be the kinds of things that 132 00:08:47,230 --> 00:08:52,580 S2: would result in, you know, that kind of, uh, drop. Now, 133 00:08:53,620 --> 00:08:55,140 S2: one of the things you need to look at is, 134 00:08:55,140 --> 00:09:00,860 S2: are you comparing apples to apples because there are different, uh, scores, uh, 135 00:09:00,940 --> 00:09:06,380 S2: that are pulled using different algorithms and also different bureaus. 136 00:09:06,380 --> 00:09:11,300 S2: And one bureau might have different information for you than another. 137 00:09:11,460 --> 00:09:14,300 S2: It could be different information in the form of one 138 00:09:14,300 --> 00:09:16,699 S2: of them has something negative on it that may not 139 00:09:16,700 --> 00:09:20,459 S2: even be accurate, but it's there and it's it's flowing 140 00:09:20,460 --> 00:09:24,699 S2: into a different scoring algorithm because there's the, you know, 141 00:09:24,740 --> 00:09:28,900 S2: the Fico algorithm, but there's several others. And so depending 142 00:09:28,900 --> 00:09:32,180 S2: upon which one was used, when you saw the 800 143 00:09:32,220 --> 00:09:35,580 S2: plus versus the one that was used by Credit Karma, 144 00:09:35,580 --> 00:09:39,340 S2: when you saw 650, it may be two completely different 145 00:09:39,380 --> 00:09:43,459 S2: algorithms and or they may be pulling from different bureaus. 146 00:09:43,620 --> 00:09:46,140 S2: And so that would be a key. So you really 147 00:09:46,140 --> 00:09:50,040 S2: need to get your full credit reports from all three 148 00:09:50,040 --> 00:09:56,240 S2: bureaus Equifax, Experian and TransUnion. I would do that at Annualcreditreport.com. 149 00:09:56,480 --> 00:09:59,720 S2: That's the only website run by the government that's free, 150 00:10:00,120 --> 00:10:03,800 S2: that allows you to get all three bureau reports, annual 151 00:10:04,280 --> 00:10:06,960 S2: credit report.com, and you're going to want to look for 152 00:10:06,960 --> 00:10:10,320 S2: anything you know, that has just hit any of three 153 00:10:10,320 --> 00:10:13,480 S2: of those files. Uh, a late payment, a new collection, 154 00:10:13,480 --> 00:10:17,480 S2: a new or closed account, and a balance that spiked. Um, again, 155 00:10:17,480 --> 00:10:20,200 S2: it may be inaccurate, but if it's there, you need 156 00:10:20,200 --> 00:10:24,120 S2: to know. The other thing is that credit scores, when 157 00:10:24,120 --> 00:10:29,679 S2: they're generated, have to produce something called reason codes. And 158 00:10:29,679 --> 00:10:33,240 S2: so you're going to look for messages on that report 159 00:10:33,240 --> 00:10:39,680 S2: like recent delinquency, derogatory public record, high utilization. These are 160 00:10:39,679 --> 00:10:42,679 S2: clues that are going to point to the cause. And 161 00:10:42,679 --> 00:10:46,189 S2: then you you want to identify when you, uh, you know, 162 00:10:46,230 --> 00:10:49,030 S2: look at these reports. Anything that has changed in the 163 00:10:49,030 --> 00:10:52,230 S2: last 30 to 90 days and, you know, that's going 164 00:10:52,270 --> 00:10:54,430 S2: to obviously clue you in to what might have changed 165 00:10:54,429 --> 00:10:57,990 S2: that resulted in this dramatic decrease. And then if you 166 00:10:57,990 --> 00:11:01,430 S2: have errors, you want to dispute it with the credit bureau. 167 00:11:01,429 --> 00:11:04,750 S2: And they have, uh, you know, 30 days to either 168 00:11:04,790 --> 00:11:09,030 S2: verify that it's accurate and produce the, the proof for 169 00:11:09,030 --> 00:11:14,830 S2: you or delete it, which will obviously automatically increase your score. Um, 170 00:11:14,830 --> 00:11:17,110 S2: I will say just kind of going back to your 171 00:11:17,110 --> 00:11:22,270 S2: initial question about you shopping around for insurance rates, uh, 172 00:11:22,309 --> 00:11:26,670 S2: you know, in almost every case, insurance companies check what's 173 00:11:26,670 --> 00:11:30,790 S2: called a credit based insurance score, not your regular Fico. 174 00:11:31,030 --> 00:11:34,350 S2: And that is a soft inquiry. It does not impact 175 00:11:34,350 --> 00:11:37,910 S2: your Fico credit score. And, you know, they may see 176 00:11:37,950 --> 00:11:41,109 S2: changes in your insurance score, but that's a separate model 177 00:11:41,110 --> 00:11:45,620 S2: used specifically for pricing insurance. and it might feel like 178 00:11:45,780 --> 00:11:49,100 S2: it might end up being a timing coincidence that the 179 00:11:49,100 --> 00:11:52,459 S2: score change may have occurred around the same time as 180 00:11:52,460 --> 00:11:56,900 S2: the insurance quotes, but it's usually not causal because, again, 181 00:11:57,260 --> 00:12:01,460 S2: you know, most insurance quotes are soft pulls. You could, 182 00:12:01,460 --> 00:12:03,700 S2: if you've already quoted it, you could go back to 183 00:12:03,700 --> 00:12:06,620 S2: the insurer and just say, was this a soft or 184 00:12:06,620 --> 00:12:08,260 S2: hard credit pull? But even if it was a hard 185 00:12:08,260 --> 00:12:10,900 S2: credit pull, there's no way it would result in a 186 00:12:10,900 --> 00:12:13,700 S2: 150 point drop anywhere close to that. I mean, we're 187 00:12:13,700 --> 00:12:18,140 S2: talking somewhere between 5 and 20 5 or 30 points typically, 188 00:12:18,300 --> 00:12:21,060 S2: and then it'll bounce right back up. But I've thrown 189 00:12:21,059 --> 00:12:22,860 S2: a lot at you there. Does that all make sense? 190 00:12:23,540 --> 00:12:27,180 S3: Yes, that's a lot of information to digest, but a 191 00:12:27,220 --> 00:12:30,460 S3: lot of it too. I hadn't I hadn't considered before. 192 00:12:30,660 --> 00:12:35,740 S3: I have not purchased anything. I haven't, um, had any, um, 193 00:12:35,860 --> 00:12:40,460 S3: divots in my, uh, credit score. There was no reason 194 00:12:40,460 --> 00:12:46,689 S3: for this. I've retired And pretty much my subsistence is flatlined. 195 00:12:46,730 --> 00:12:50,250 S3: I got X amount coming in and less than X 196 00:12:50,250 --> 00:12:55,090 S3: amount going out. So I'm actually gaining in my net worth. However, 197 00:12:55,370 --> 00:12:58,530 S3: this occurred about the same time as the insurance thing 198 00:12:58,530 --> 00:13:02,050 S3: is the reason I prompted the question, uh, to you 199 00:13:02,050 --> 00:13:05,330 S3: from my insurance question. Uh, yeah, I'll look into it. 200 00:13:05,370 --> 00:13:08,850 S3: What was that? Um, website agency again? 201 00:13:09,170 --> 00:13:13,450 S2: Well, you want to go to Annualcreditreport.com and you want 202 00:13:13,490 --> 00:13:16,570 S2: to pull your your full credit report, not your score, 203 00:13:16,610 --> 00:13:19,250 S2: your full credit report from each of the three bureaus. 204 00:13:19,250 --> 00:13:24,970 S2: And they'll be listed there at Annualcreditreport.com, TransUnion, Equifax and Experian. 205 00:13:24,970 --> 00:13:29,170 S2: Those are the three major credit bureaus in the United States. 206 00:13:29,170 --> 00:13:31,329 S2: You're going to want to get all three, and you're 207 00:13:31,330 --> 00:13:33,130 S2: going to want to see if any of them have 208 00:13:33,130 --> 00:13:35,850 S2: any negative information. Now, one of the things that's working 209 00:13:35,850 --> 00:13:37,970 S2: against you in this season of life, none of this 210 00:13:37,970 --> 00:13:42,000 S2: would result in a very short term 150 point drop. 211 00:13:42,000 --> 00:13:45,000 S2: But what's working against you is even though you're living 212 00:13:45,000 --> 00:13:49,360 S2: as a faithful steward, managing what you've been entrusted very well, 213 00:13:49,520 --> 00:13:55,760 S2: you're not, uh, active in positive credit generating activity. And 214 00:13:55,760 --> 00:13:58,000 S2: so that might be something to look at. A lack 215 00:13:58,000 --> 00:14:02,360 S2: of credit in the current environment is working against you. 216 00:14:02,360 --> 00:14:05,280 S2: And so you may want to if you're not using 217 00:14:05,280 --> 00:14:07,160 S2: a credit card right now, you may want to put 218 00:14:07,160 --> 00:14:11,120 S2: a budgeted recurring charge on your credit card and then 219 00:14:11,120 --> 00:14:13,800 S2: pay it off every month in full just so you 220 00:14:13,800 --> 00:14:18,640 S2: have new on time, regular credit being reported to your 221 00:14:18,640 --> 00:14:21,160 S2: report each month. John, I hope that helps. Thanks for 222 00:14:21,160 --> 00:14:23,760 S2: your call back with more questions after this. Stick around. 223 00:14:35,000 --> 00:14:36,800 S2: So glad to have you with us today on Faith 224 00:14:36,800 --> 00:14:40,270 S2: and Finance Live. Our team is away today so don't 225 00:14:40,270 --> 00:14:43,070 S2: call in. But we lined up some great questions in 226 00:14:43,070 --> 00:14:45,110 S2: advance and we'll be going to those here in just 227 00:14:45,110 --> 00:14:47,750 S2: a moment. Let me also remind you that the advice 228 00:14:47,750 --> 00:14:51,030 S2: that I give each day on this program is general 229 00:14:51,030 --> 00:14:55,390 S2: in nature. We offer principles and ideas that apply at 230 00:14:55,390 --> 00:14:58,710 S2: a high level. They are not personalized. So that's why 231 00:14:58,710 --> 00:15:02,430 S2: you should always seek professional financial advice. And if you'd 232 00:15:02,430 --> 00:15:05,390 S2: like to find a professional who shares your values, we 233 00:15:05,390 --> 00:15:08,150 S2: of course, here at Faith in Finance Live recommend the 234 00:15:08,150 --> 00:15:11,590 S2: Certified Kingdom Advisor designation. These are men and women who 235 00:15:11,590 --> 00:15:14,710 S2: have met high standards, and they've been trained to bring 236 00:15:14,710 --> 00:15:17,550 S2: a biblical worldview of financial decision making. You can find 237 00:15:17,550 --> 00:15:20,670 S2: one at Faith comm. Let's head out to Texas. Patrick. 238 00:15:20,710 --> 00:15:21,230 S2: Go ahead. 239 00:15:22,150 --> 00:15:24,750 S4: Hey, uh, I got a question. Well, actually, it's my 240 00:15:24,750 --> 00:15:30,590 S4: wife's question. Um, she has a 401 K through work. Um, 241 00:15:30,670 --> 00:15:34,550 S4: she contributes the maximum that she can. And there is 242 00:15:34,550 --> 00:15:38,970 S4: a company match as well. Um, and she's got about 243 00:15:38,970 --> 00:15:42,410 S4: 4500 in it. She's only been with this company a 244 00:15:42,410 --> 00:15:46,730 S4: little over a year. And I was just wondering what 245 00:15:46,770 --> 00:15:51,610 S4: her allocation should be in regards to like stocks versus 246 00:15:51,610 --> 00:15:56,330 S4: bonds and like versus money market. How much of a 247 00:15:56,330 --> 00:15:59,690 S4: percentage of that 401 K should be in each each 248 00:15:59,690 --> 00:16:00,730 S4: of those segments. 249 00:16:01,170 --> 00:16:03,850 S2: Yeah. Very good. It's a great question. I probably would 250 00:16:03,850 --> 00:16:06,930 S2: not put anything in money market. I mean, unless it's just, 251 00:16:06,970 --> 00:16:09,890 S2: you know, as the contributions or the matches are made, 252 00:16:09,890 --> 00:16:12,370 S2: it's just automatically sweeps into the money market. But I 253 00:16:12,370 --> 00:16:15,690 S2: would quickly get that invested no matter what the market's doing. 254 00:16:15,690 --> 00:16:19,410 S2: And that allows you to dollar cost average where you 255 00:16:19,410 --> 00:16:21,690 S2: know if the market is up, you're buying less shares, 256 00:16:21,690 --> 00:16:24,530 S2: but you're taking advantage of a rising market. If the 257 00:16:24,530 --> 00:16:28,410 S2: market is down, you're with the same contribution buying more 258 00:16:28,410 --> 00:16:31,130 S2: shares because stocks are cheaper. And over time you just 259 00:16:31,130 --> 00:16:36,090 S2: continue to systematically invest and take advantage of the overall growth. Um, 260 00:16:36,090 --> 00:16:39,240 S2: so really I wouldn't have anything allocated to money market. And, 261 00:16:39,280 --> 00:16:42,480 S2: you know, that assumes that you have your emergency fund, 262 00:16:42,480 --> 00:16:46,600 S2: other liquid funds and savings outside of this retirement account. Um, 263 00:16:46,640 --> 00:16:49,960 S2: just kind of generally speaking, at 45 years old, I mean, 264 00:16:49,960 --> 00:16:52,640 S2: you want the the majority of your money in stocks, 265 00:16:52,640 --> 00:16:54,680 S2: I would say, you know, you might want as much 266 00:16:54,680 --> 00:16:59,040 S2: as 70%, you know, um, in stocks, 30% in bonds, 267 00:16:59,040 --> 00:17:03,160 S2: if you want to be more conservative, 60% in stocks, 40% 268 00:17:03,160 --> 00:17:06,679 S2: in bonds. Um, you could look to simplify this by 269 00:17:06,720 --> 00:17:09,480 S2: looking at what they call life cycle or a target 270 00:17:09,480 --> 00:17:12,800 S2: date fund, where, you know, you might look at, uh, 271 00:17:13,359 --> 00:17:16,320 S2: you know, her expected retirement date and you might say, well, 272 00:17:16,320 --> 00:17:18,160 S2: I don't know what that's going to be, but let's 273 00:17:18,160 --> 00:17:21,480 S2: say it's, you know, we just pick 65 so you 274 00:17:21,480 --> 00:17:25,600 S2: could pick a 20, 45, 20 years from now, 2045 275 00:17:25,640 --> 00:17:29,120 S2: target date fund. And it would automatically, you know, give 276 00:17:29,119 --> 00:17:34,560 S2: you the the right asset mix that's appropriate for her age, uh, 277 00:17:34,560 --> 00:17:36,950 S2: and proximity to retirement, and then it would get more 278 00:17:36,950 --> 00:17:39,429 S2: conservative as she gets closer to that date. But if 279 00:17:39,430 --> 00:17:41,750 S2: you wanted to do it yourself by, you know, just 280 00:17:41,750 --> 00:17:44,909 S2: buying some, some stock or bond mutual funds from the 281 00:17:44,910 --> 00:17:48,630 S2: menu of options, I think that's 70, 30, 60, 40 282 00:17:49,150 --> 00:17:53,149 S2: portfolio is probably a good starting point for, you know, 283 00:17:53,190 --> 00:17:54,830 S2: where you might want to be. And then you could 284 00:17:54,869 --> 00:17:58,030 S2: obviously dial it up more aggressive or more conservative from there. 285 00:17:58,869 --> 00:18:03,030 S4: Okay. Um, now a follow up question to that. Um, 286 00:18:03,030 --> 00:18:08,189 S4: she has the option of, you know, reallocating the percentages. 287 00:18:08,590 --> 00:18:13,469 S4: And should she go ahead and do, like, what the 288 00:18:13,470 --> 00:18:17,910 S4: current is or just for future contributions to that new 289 00:18:17,910 --> 00:18:20,790 S4: reallocation of the 7030? 290 00:18:21,070 --> 00:18:24,869 S2: Yeah. Because there's no tax implications inside that 401 K. 291 00:18:24,910 --> 00:18:27,669 S2: It's a tax deferred environment. I think she wants to 292 00:18:27,670 --> 00:18:31,270 S2: go ahead and get that rebalance done for the entire portfolio. 293 00:18:31,270 --> 00:18:35,020 S2: Because if there's a right mix of investments that's appropriate 294 00:18:35,020 --> 00:18:38,060 S2: for her. And she's no longer there either, because she 295 00:18:38,060 --> 00:18:41,220 S2: was just allocating it differently than you all would like 296 00:18:41,580 --> 00:18:46,219 S2: her to. Given additional consideration or certain investments have performed 297 00:18:46,220 --> 00:18:48,460 S2: better than others, I think this is a time to 298 00:18:48,500 --> 00:18:51,300 S2: reset it, and I would do that across the whole portfolio, 299 00:18:51,300 --> 00:18:53,100 S2: not just new contributions. 300 00:18:53,900 --> 00:18:56,260 S4: All right. Thank you so much. You have been a 301 00:18:56,260 --> 00:18:56,940 S4: big help. 302 00:18:57,140 --> 00:18:59,899 S2: You're welcome. Thanks for your call, Patrick. We're going to 303 00:18:59,900 --> 00:19:02,340 S2: go to Mississippi and welcome Rose. Go ahead. 304 00:19:03,060 --> 00:19:07,780 S5: I'm calling in regards to property that my mother purchased 305 00:19:07,900 --> 00:19:12,340 S5: with an uncle in Oklahoma. I'm from Omaha, Nebraska. I 306 00:19:12,340 --> 00:19:15,900 S5: recently found it was sent to me some papers, some 307 00:19:15,900 --> 00:19:19,699 S5: information in regards to the sale of that property. The 308 00:19:19,700 --> 00:19:24,379 S5: money was distributed to some family members that I'm aware 309 00:19:24,380 --> 00:19:27,300 S5: of their names. That's on the paper. But there's some 310 00:19:27,300 --> 00:19:30,620 S5: names that I know that aren't family members. This seems 311 00:19:30,619 --> 00:19:34,850 S5: like something went terribly wrong with honesty of the sale 312 00:19:34,850 --> 00:19:37,650 S5: of the property. It had a wood on it. It 313 00:19:37,650 --> 00:19:42,250 S5: was about ten acres. I'm wondering, under the circumstances, do 314 00:19:42,250 --> 00:19:45,570 S5: I have a way or means to look into this, 315 00:19:45,570 --> 00:19:48,609 S5: to see if the property was stolen? I mean, the 316 00:19:48,650 --> 00:19:51,450 S5: funds that came from the sale of the property was 317 00:19:51,450 --> 00:19:55,090 S5: stolen from me and my brother, who passed away in 2016. 318 00:19:55,770 --> 00:19:56,889 S5: You understand what I'm saying? 319 00:19:56,930 --> 00:19:59,290 S2: I sure do. Yeah. So what you would typically want 320 00:19:59,290 --> 00:20:01,490 S2: to do in a situation like this, I mean, where 321 00:20:01,490 --> 00:20:04,889 S2: there's an improper distribution based on a will, do you 322 00:20:04,930 --> 00:20:07,129 S2: know whether there was a valid will in place? 323 00:20:07,730 --> 00:20:08,650 S5: I sure don't. 324 00:20:08,890 --> 00:20:13,170 S2: Okay. So you probably want to contact an attorney, Rose, 325 00:20:13,170 --> 00:20:16,489 S2: just to help you navigate this. They can petition the 326 00:20:16,490 --> 00:20:22,090 S2: court and talk to the executor of the estate. The estate? 327 00:20:22,450 --> 00:20:25,290 S2: Who would be the person if there's a valid will, 328 00:20:25,290 --> 00:20:28,290 S2: if the deceased had a will. The court then appoints 329 00:20:28,330 --> 00:20:32,000 S2: a person named in the will as executor, And they 330 00:20:32,000 --> 00:20:37,640 S2: have several important responsibilities, including, you know, distributing the deceased's 331 00:20:37,680 --> 00:20:42,560 S2: assets according to the terms of the will and the executor, should, 332 00:20:42,600 --> 00:20:46,040 S2: you know, always take great care in doing that, as 333 00:20:46,200 --> 00:20:50,400 S2: an improper distribution is often a cause for a legal dispute. 334 00:20:50,600 --> 00:20:53,720 S2: And so if you have a question about how that 335 00:20:53,720 --> 00:20:57,440 S2: went down, I would contact an attorney who can petition 336 00:20:57,440 --> 00:21:01,280 S2: the court and then get the details on the probate process. 337 00:21:01,280 --> 00:21:04,480 S2: Who was the executor, was there a valid will in place? 338 00:21:04,480 --> 00:21:08,200 S2: And this property that was liquidated should have been distributed 339 00:21:08,200 --> 00:21:10,800 S2: in accordance with that will? If there was no will, 340 00:21:11,080 --> 00:21:16,080 S2: then that person is considered to be intestate. And again, 341 00:21:16,119 --> 00:21:20,840 S2: the estate or the probate court then would distribute according 342 00:21:20,880 --> 00:21:21,720 S2: to state law. 343 00:21:22,800 --> 00:21:26,600 S5: Okay. Yes, sir. I thought there was something that was 344 00:21:26,600 --> 00:21:28,160 S5: just not done right here. 345 00:21:28,320 --> 00:21:31,060 S2: Yeah. So I think it's worth looking into. And if 346 00:21:31,060 --> 00:21:33,140 S2: you don't have an attorney that you know, perhaps you 347 00:21:33,140 --> 00:21:35,180 S2: reach out to your church and ask for a referral. 348 00:21:35,180 --> 00:21:38,260 S2: Or you could connect with a certified Kingdom advisor, rose 349 00:21:38,260 --> 00:21:40,820 S2: in your area and ask for a referral as well. 350 00:21:40,820 --> 00:21:43,900 S2: Just go to faith. Com. Um, I hope you get 351 00:21:43,900 --> 00:21:46,300 S2: this sorted out. I know this can be, uh, a 352 00:21:46,340 --> 00:21:50,380 S2: little concerning, but I'm sure there's an answer here, uh, 353 00:21:50,380 --> 00:21:52,460 S2: that you can get to the bottom of if you 354 00:21:52,460 --> 00:21:54,820 S2: follow the right channels. We appreciate your call today. May 355 00:21:54,820 --> 00:21:56,980 S2: the Lord bless you back after this. Stay with us. 356 00:22:08,420 --> 00:22:11,620 S1: This is faith and finance. Live with Rob West. Hey, 357 00:22:11,619 --> 00:22:14,500 S1: if you hear a phone number mentioned today, please ignore 358 00:22:14,540 --> 00:22:17,900 S1: that number and don't call us because today's broadcast was 359 00:22:17,900 --> 00:22:21,619 S1: previously recorded. But we think the upcoming information will help 360 00:22:21,619 --> 00:22:24,020 S1: you and make you a wise steward of what God's 361 00:22:24,020 --> 00:22:26,460 S1: given you. So please stay tuned. 362 00:22:28,369 --> 00:22:30,690 S2: That's it. Right back to the phones and talk about 363 00:22:30,690 --> 00:22:33,330 S2: the new Trump accounts with David and Georgia. Go ahead sir. 364 00:22:34,369 --> 00:22:38,410 S6: Got a question about Trump accounts. I have two grandchildren, 365 00:22:38,970 --> 00:22:45,010 S6: ages 11 and nine. So one part of Trump accounts 366 00:22:46,330 --> 00:22:49,449 S6: says that you can get $1,000 for every American child 367 00:22:49,490 --> 00:22:55,810 S6: born between January the 1st, 2025 and December the 31st, 2028. 368 00:22:56,570 --> 00:23:01,930 S6: Another part of the website under who is eligible? It 369 00:23:01,930 --> 00:23:05,369 S6: says all U.S. children under 18 with a valid Social 370 00:23:05,369 --> 00:23:09,930 S6: Security number are eligible to establish a Trump account. Parents 371 00:23:09,930 --> 00:23:12,730 S6: or legal guardians can open and manage accounts on behalf 372 00:23:12,730 --> 00:23:16,170 S6: of their children. So the question is then, can we 373 00:23:16,170 --> 00:23:20,649 S6: open up some Trump accounts for the grandchildren that ages 374 00:23:20,690 --> 00:23:22,210 S6: nine and 11? 375 00:23:22,850 --> 00:23:27,560 S2: Uh, yes. So can you participate? Absolutely. The accounts can 376 00:23:27,560 --> 00:23:31,960 S2: be open and funded so long as the child is 377 00:23:31,960 --> 00:23:36,280 S2: under 18 with a valid Social Security number. Uh, but 378 00:23:36,280 --> 00:23:40,240 S2: you're right, they will not then qualify for the government. 379 00:23:40,280 --> 00:23:45,000 S2: The Treasury Department of Treasury's deposit of $1,000. They're too 380 00:23:45,000 --> 00:23:49,680 S2: old for that one time seed deposit. Under the current law. 381 00:23:49,760 --> 00:23:54,120 S2: But that doesn't minimize the benefit of these accounts. Um, 382 00:23:54,280 --> 00:23:58,440 S2: because that means your grandchildren, currently nine and 11, can 383 00:23:58,480 --> 00:24:01,520 S2: set up these accounts. Now, contributions can be made on 384 00:24:01,520 --> 00:24:05,120 S2: their behalf. Once the accounts are live. And that's expected 385 00:24:05,119 --> 00:24:09,600 S2: to happen this summer, 2026. And then you can put 386 00:24:09,600 --> 00:24:13,440 S2: in up to $5,000 per year while the child is 387 00:24:13,440 --> 00:24:17,400 S2: under 18. The accounts grow tax deferred so the earnings 388 00:24:17,400 --> 00:24:22,120 S2: aren't taxed until withdrawal, similar to a traditional IRA. And 389 00:24:22,119 --> 00:24:27,429 S2: and funds typically can't be accessed until age 18, after 390 00:24:27,430 --> 00:24:30,470 S2: which they're treated like, um, you know, that that traditional 391 00:24:30,470 --> 00:24:33,630 S2: IRA for withdrawal and tax purposes. But they can definitely 392 00:24:33,630 --> 00:24:34,189 S2: have one. 393 00:24:35,230 --> 00:24:38,510 S6: Excellent. Rob, I really appreciate your clarification. Thank you to 394 00:24:38,550 --> 00:24:40,190 S6: you and your staff for your ministry. 395 00:24:40,390 --> 00:24:43,790 S2: Well, thank you, sir. I appreciate that call. Anytime. Uh, 396 00:24:43,790 --> 00:24:45,870 S2: let's head to Louisiana. Nate. Go right ahead. 397 00:24:46,630 --> 00:24:50,030 S7: Hey, brother Rob, always enjoy your show. Listen for years. 398 00:24:50,310 --> 00:24:50,869 S2: Thank you. 399 00:24:51,510 --> 00:24:54,470 S7: A follow up question with. With what the last caller said. 400 00:24:54,470 --> 00:24:57,830 S7: I wonder if your your grandchildren or children or anyone 401 00:24:57,830 --> 00:25:00,550 S7: with a Trump account when they turn 18. Could they 402 00:25:00,550 --> 00:25:03,109 S7: just roll that over into a Roth IRA? 403 00:25:03,630 --> 00:25:07,110 S2: There is not anything, uh, that allows that to be 404 00:25:07,270 --> 00:25:11,190 S2: rolled into a Roth in the, in the current law, um, 405 00:25:11,910 --> 00:25:15,550 S2: that I'm aware of. Um, we can certainly check into that. 406 00:25:15,550 --> 00:25:18,750 S2: There's a lot of information that's coming out. If it 407 00:25:18,790 --> 00:25:23,950 S2: was permitted, uh, it would have to be like a conversion, um, 408 00:25:24,060 --> 00:25:26,899 S2: because it acts like a traditional IRA. So there would 409 00:25:26,900 --> 00:25:29,860 S2: have to be tax paid on the amount converted. But 410 00:25:29,859 --> 00:25:32,660 S2: I'm not sure whether they've weighed in specifically on that 411 00:25:32,660 --> 00:25:33,220 S2: or not. 412 00:25:34,540 --> 00:25:36,940 S7: It was an interesting thought as I was listening to 413 00:25:36,980 --> 00:25:39,500 S7: him because, uh, I was benefiting from his call because 414 00:25:39,500 --> 00:25:43,220 S7: I have, uh, small children. Um, I'm 40 years old. Um, 415 00:25:43,260 --> 00:25:48,180 S7: I have a Roth IRA. I'm self-employed. Um, I've been 416 00:25:48,180 --> 00:25:51,460 S7: immersing myself in just because I guess my age and 417 00:25:51,460 --> 00:25:55,459 S7: trying to stay savvy and up to date and everything. And, um, 418 00:25:55,500 --> 00:25:59,140 S7: I'm a single income guy. Um, my wife doesn't work. Uh, 419 00:25:59,140 --> 00:26:02,820 S7: so I have to pay attention to where my money goes. 420 00:26:02,820 --> 00:26:06,260 S7: So when I'm. I'm making those Roth deposits, I'm. I'm 421 00:26:06,260 --> 00:26:08,860 S7: focused on what I'm doing, and and, uh, I bought 422 00:26:08,859 --> 00:26:12,180 S7: a financial book. I listened to you guys. And from 423 00:26:12,180 --> 00:26:15,540 S7: what I'm understanding, the brokerage house that I'm with, uh, 424 00:26:15,740 --> 00:26:18,780 S7: my the financial advisor that I'm paying that I've been 425 00:26:18,780 --> 00:26:23,210 S7: with for over ten years, I, I'm, I'm paying a 426 00:26:23,210 --> 00:26:27,450 S7: decent amount in fees. And also I can't say that 427 00:26:27,450 --> 00:26:30,969 S7: I'm pleased with the service that I'm getting. Yeah. Um, 428 00:26:31,650 --> 00:26:38,450 S7: so I'm leaning towards, um, switching to possibly like self 429 00:26:38,450 --> 00:26:42,330 S7: advising through Vanguard or Charles Schwab. I like some of 430 00:26:42,330 --> 00:26:47,170 S7: the mutual funds that Vanguard offers, so I'm leaning towards them. Um, 431 00:26:47,330 --> 00:26:50,410 S7: but I wanted your thoughts on that, and I have 432 00:26:50,410 --> 00:26:54,010 S7: not made the switch, but I'm leaning towards it, praying 433 00:26:54,010 --> 00:26:57,050 S7: about it. And, uh, I was wondering if there was 434 00:26:57,050 --> 00:27:00,850 S7: any takeaways that maybe you should inform me of, or 435 00:27:00,850 --> 00:27:03,930 S7: if you think that's a good idea. My Roth IRA 436 00:27:03,930 --> 00:27:07,730 S7: is pretty basic. It really generally has two big mutual 437 00:27:07,730 --> 00:27:12,450 S7: funds in it. Um, I did ask my advisor to 438 00:27:12,490 --> 00:27:16,290 S7: add a bond because I had no bonds whatsoever. And 439 00:27:16,290 --> 00:27:19,850 S7: the one that he picked is a it's listed under 440 00:27:19,850 --> 00:27:22,280 S7: mutual funds. I thought I was getting like a bond 441 00:27:22,280 --> 00:27:25,200 S7: where I was guaranteed a certain rate and it was 442 00:27:25,240 --> 00:27:27,560 S7: like I was going to be secure. And what happened 443 00:27:27,560 --> 00:27:31,399 S7: is I'm down $400 because it's a mutual fund of bonds, 444 00:27:31,840 --> 00:27:35,360 S7: and that can go down. And so that was the 445 00:27:35,359 --> 00:27:36,240 S7: gist of my call. 446 00:27:36,680 --> 00:27:40,000 S2: Yeah. Very good. What is the total account value in 447 00:27:40,040 --> 00:27:40,840 S2: that Roth. 448 00:27:42,640 --> 00:27:44,060 S8: I would say between. 449 00:27:44,060 --> 00:27:45,680 S7: 75,000 and 80. 450 00:27:46,000 --> 00:27:49,040 S2: Okay. Yeah. Yeah. I mean, I think it's worthwhile for 451 00:27:49,040 --> 00:27:53,360 S2: you to consider fees alongside all the other aspects of 452 00:27:53,359 --> 00:27:57,639 S2: investing because especially when you have a lesser amount of money, 453 00:27:58,119 --> 00:28:01,560 S2: you know, you can really depending on how your account 454 00:28:01,560 --> 00:28:04,119 S2: is being managed, whether you're doing it yourself or someone 455 00:28:04,119 --> 00:28:08,560 S2: else is, those fees can mount up to higher percentages 456 00:28:08,560 --> 00:28:12,679 S2: than you might want, which puts a drag on your results. Um, 457 00:28:12,880 --> 00:28:15,480 S2: I mean, that happens at any size portfolio, but it's 458 00:28:15,480 --> 00:28:17,879 S2: it's a little more acute when the account is smaller. 459 00:28:18,119 --> 00:28:20,700 S2: So I think it's worthwhile for you to consider that. 460 00:28:20,700 --> 00:28:24,179 S2: And certainly Fidelity or Schwab would be two that I 461 00:28:24,180 --> 00:28:28,100 S2: would recommend as being low cost providers that give you 462 00:28:28,100 --> 00:28:32,140 S2: lots of access to, you know, plenty, almost unlimited investment options, 463 00:28:32,140 --> 00:28:34,860 S2: including many that are high quality and low cost either 464 00:28:35,020 --> 00:28:40,100 S2: no load, no transaction fee, mutual funds, or exchange traded 465 00:28:40,100 --> 00:28:42,580 S2: funds with low expense ratios where you can just kind 466 00:28:42,620 --> 00:28:44,940 S2: of capture the broad moves of the market. I think 467 00:28:44,940 --> 00:28:47,820 S2: the big question is just, do you want the decision 468 00:28:47,860 --> 00:28:51,020 S2: making for the investments to rest on you, or do 469 00:28:51,020 --> 00:28:53,500 S2: you want to delegate it to someone else? And if 470 00:28:53,500 --> 00:28:55,540 S2: you delegate it, you can either do more of a 471 00:28:55,540 --> 00:28:58,780 S2: low cost automated solution like a robo, and you're just 472 00:28:58,780 --> 00:29:01,460 S2: kind of capturing the broad moves of the market. Or 473 00:29:01,460 --> 00:29:03,780 S2: you can hire an advisor, pay a little bit more, 474 00:29:04,020 --> 00:29:07,100 S2: and have somebody who's, you know, using their own strategy, 475 00:29:07,380 --> 00:29:10,140 S2: you know, to attempt to beat the market, although that 476 00:29:10,140 --> 00:29:12,940 S2: doesn't happen as often as you might think, even with 477 00:29:12,940 --> 00:29:15,700 S2: advisors managing the money. So, you know, I think there 478 00:29:15,700 --> 00:29:17,100 S2: is some benefit to that. I think you need to 479 00:29:17,100 --> 00:29:20,210 S2: look at the additional benefits as well to the advisor, 480 00:29:20,250 --> 00:29:23,050 S2: you know does he or she role. The financial planning 481 00:29:23,050 --> 00:29:24,890 S2: in which can be really valuable to make sure you're 482 00:29:24,890 --> 00:29:27,770 S2: being tax efficient. You're thinking about, you know, having all 483 00:29:27,770 --> 00:29:31,690 S2: the proper pieces in place for estate planning. Um, and then, 484 00:29:31,730 --> 00:29:34,210 S2: you know, you've got somebody just helping you decide kind 485 00:29:34,210 --> 00:29:36,610 S2: of what do you need to ultimately be saving. So, 486 00:29:36,610 --> 00:29:39,450 S2: you know, whether you're on track ahead or behind, you know, 487 00:29:39,490 --> 00:29:41,650 S2: those types of things I think can be valuable and 488 00:29:41,690 --> 00:29:44,330 S2: often they're included. So I would just kind of look 489 00:29:44,330 --> 00:29:46,730 S2: at the whole package. But the most significant piece is 490 00:29:46,730 --> 00:29:49,490 S2: just if you're going to take it over and pick 491 00:29:49,490 --> 00:29:52,770 S2: the investments, are you comfortable doing that because you could 492 00:29:52,770 --> 00:29:56,930 S2: easily trade a lower cost environment, doing it yourself for 493 00:29:57,050 --> 00:30:00,650 S2: lackluster returns, because you know you're in the wrong things 494 00:30:00,650 --> 00:30:04,810 S2: or you're selling, you know, when the market's down because 495 00:30:04,850 --> 00:30:07,530 S2: you know you're reacting emotionally and then you miss the 496 00:30:07,570 --> 00:30:10,530 S2: the recovery. And I mean that's usually what happens. That's 497 00:30:10,530 --> 00:30:14,330 S2: the often the downfall of managing your money yourself. So 498 00:30:14,330 --> 00:30:15,970 S2: I think you just need to consider all those things. 499 00:30:15,970 --> 00:30:18,480 S2: But I don't have any problem with with Fidelity or 500 00:30:18,480 --> 00:30:21,160 S2: Vanguard or Schwab. I think you just really need to 501 00:30:21,200 --> 00:30:23,960 S2: solve for these other pieces as well. I'm not surprised 502 00:30:23,960 --> 00:30:26,360 S2: to used a bond mutual fund. And keep in mind, 503 00:30:26,680 --> 00:30:31,680 S2: individual bonds, including treasuries, go up and down in value 504 00:30:31,680 --> 00:30:35,880 S2: based on interest rates. The only way you're guaranteed is 505 00:30:35,880 --> 00:30:39,320 S2: if you hold it to maturity. But while you're holding it, 506 00:30:39,320 --> 00:30:42,040 S2: that price is moving up and down a lot of 507 00:30:42,040 --> 00:30:46,239 S2: times with a smaller account for diversification. Uh, you know, 508 00:30:46,280 --> 00:30:49,480 S2: we'll use bond mutual funds and just hope that, uh, 509 00:30:49,480 --> 00:30:52,360 S2: the appreciation over time, plus the yield gives you what 510 00:30:52,360 --> 00:31:05,240 S2: you're looking for. We'll be right back. Thanks for joining 511 00:31:05,240 --> 00:31:07,479 S2: us today on Faith and Finance Live here in our 512 00:31:07,480 --> 00:31:10,240 S2: final segment of the broadcast today. Let me remind you, 513 00:31:10,280 --> 00:31:12,560 S2: our team is not here so don't call in. But 514 00:31:12,560 --> 00:31:15,120 S2: we lined up some great questions in advance. We'll get 515 00:31:15,120 --> 00:31:18,550 S2: to those in just a moment. Before we do, let 516 00:31:18,550 --> 00:31:21,950 S2: me remind you, if you haven't downloaded the Faith fi app, 517 00:31:21,950 --> 00:31:24,350 S2: we'd love for you to check it out. It's got 518 00:31:24,350 --> 00:31:27,430 S2: three sections in it. The first is the money management system, 519 00:31:27,430 --> 00:31:31,670 S2: based on Larry Burkett's digital envelope system. It helps you 520 00:31:31,670 --> 00:31:34,030 S2: manage God's money in a way where you know exactly 521 00:31:34,030 --> 00:31:37,550 S2: what's left in each envelope at any point during the month. 522 00:31:37,590 --> 00:31:40,310 S2: There's also our learn tab, where you can access the 523 00:31:40,310 --> 00:31:44,030 S2: best content in biblical finance to grow in your understanding 524 00:31:44,030 --> 00:31:47,030 S2: of God's way of handling money, and our community, where 525 00:31:47,030 --> 00:31:50,670 S2: you can post questions, get comments and ideas from other 526 00:31:50,670 --> 00:31:54,390 S2: stewards on the journey. So download it today on our website. 527 00:31:54,390 --> 00:31:59,590 S2: Faith 5.com. Just click app to Iowa. Hi Perry. Go ahead. 528 00:32:00,310 --> 00:32:03,950 S9: Rob. Um, it's a two part question. What the first 529 00:32:03,950 --> 00:32:06,550 S9: part is what's the best way to protect yourself from 530 00:32:06,550 --> 00:32:10,350 S9: identity theft? And the second part is our home is 531 00:32:10,350 --> 00:32:13,510 S9: paid for. And what's the best way to protect ourselves? 532 00:32:13,510 --> 00:32:16,060 S9: So somebody can't come in and put a mortgage on 533 00:32:16,060 --> 00:32:19,020 S9: it or a lien on it without us knowing about it. 534 00:32:19,020 --> 00:32:22,020 S2: Yeah, yeah, a great question. So let's start with the 535 00:32:22,020 --> 00:32:25,940 S2: identity theft piece. The best way, hands down, to protect 536 00:32:25,940 --> 00:32:29,900 S2: yourself against identity theft is to freeze your credit at 537 00:32:29,900 --> 00:32:32,940 S2: all three credit bureaus. This is free. It'll put a 538 00:32:32,940 --> 00:32:35,260 S2: four digit Pin number on your credit file. You'll want 539 00:32:35,260 --> 00:32:37,500 S2: to do it for you and your wife. And that 540 00:32:37,500 --> 00:32:42,220 S2: would prevent someone from coming in in an unauthorized way, 541 00:32:42,340 --> 00:32:45,820 S2: opening an account in your name fraudulently. Because when they 542 00:32:45,820 --> 00:32:48,820 S2: attempt to do so and they try to pull the credit, 543 00:32:48,820 --> 00:32:51,700 S2: which they always do, they would not be able to 544 00:32:51,900 --> 00:32:54,540 S2: because they don't have the Pin number. So that's number one. 545 00:32:54,540 --> 00:32:58,780 S2: I think the second is to use strong, unique passwords. 546 00:32:59,060 --> 00:33:01,940 S2: So unique meaning that's not the same one across all 547 00:33:01,940 --> 00:33:05,060 S2: your accounts. And strong meaning, you know, you've got a 548 00:33:05,100 --> 00:33:07,739 S2: long string of characters. And I would probably use a 549 00:33:07,740 --> 00:33:12,900 S2: password manager to generate those passwords and then store them securely. 550 00:33:13,170 --> 00:33:16,570 S2: Third would be what's called two factor authentication. You know, 551 00:33:16,610 --> 00:33:20,290 S2: most people do it through SMS messaging, text messaging where 552 00:33:20,410 --> 00:33:23,250 S2: the two factor is sent to you. That's not as 553 00:33:23,250 --> 00:33:26,850 S2: secure as what's called an authenticator app. And so all 554 00:33:26,850 --> 00:33:30,210 S2: of these banking and, uh, you know, other companies that 555 00:33:30,210 --> 00:33:32,850 S2: offer two factor authentication will allow you to use an 556 00:33:32,850 --> 00:33:35,970 S2: authenticator app. And that would be the most secure way. 557 00:33:36,010 --> 00:33:38,930 S2: Google has one. There's there's a number of others. You 558 00:33:38,930 --> 00:33:41,010 S2: also want to make sure that, uh, you know, you're 559 00:33:41,010 --> 00:33:43,930 S2: not using public Wi-Fi to log in to your, to 560 00:33:43,970 --> 00:33:46,970 S2: your secure accounts. You want to make sure that you're 561 00:33:46,970 --> 00:33:49,969 S2: checking your credit reports regularly. I know I'm giving you 562 00:33:49,970 --> 00:33:52,810 S2: a lot here, but I'll just kind of finish up with. 563 00:33:52,850 --> 00:33:55,970 S2: Be aware of phishing scams as well. Don't click on 564 00:33:55,970 --> 00:34:00,210 S2: links in emails or give out your information over the phone. 565 00:34:00,210 --> 00:34:03,770 S2: No matter who somebody says they represent, unless you've initiated 566 00:34:03,770 --> 00:34:06,930 S2: the call or you've gone directly to their website to 567 00:34:06,970 --> 00:34:10,570 S2: get their phone number or information, does that all make sense? 568 00:34:11,130 --> 00:34:12,150 S9: Uh, yes it is. 569 00:34:12,390 --> 00:34:14,670 S2: Okay, good. So those would be kind of some best 570 00:34:14,670 --> 00:34:17,629 S2: practices with regard to your house. You know, we don't 571 00:34:17,630 --> 00:34:20,030 S2: think it's worth the money to get what's called title 572 00:34:20,030 --> 00:34:23,910 S2: lock insurance because it doesn't lock anything. It only notifies 573 00:34:23,910 --> 00:34:26,989 S2: you if someone attempts to falsify your deed, which you 574 00:34:26,989 --> 00:34:30,230 S2: can do on your own. And if somebody tried to 575 00:34:30,270 --> 00:34:34,469 S2: foreclose on you because somebody fraudulently transferred your deed, took 576 00:34:34,469 --> 00:34:36,430 S2: out a mortgage that was not paid well, they wouldn't 577 00:34:36,430 --> 00:34:39,509 S2: be able to because that would be fraudulent. And you 578 00:34:39,510 --> 00:34:42,670 S2: can't foreclose on someone that would be, you know, fraudulent conveyance. 579 00:34:42,830 --> 00:34:45,430 S2: And so it would be thrown out in court because 580 00:34:45,430 --> 00:34:47,750 S2: of the fraud. So what do you do? Well, I 581 00:34:47,750 --> 00:34:52,029 S2: would contact your county records office and see if many 582 00:34:52,030 --> 00:34:55,070 S2: of them now offer this. They can place an alert 583 00:34:55,070 --> 00:34:59,589 S2: on your particular record such that if there was ever 584 00:34:59,590 --> 00:35:02,870 S2: any changes, you would be alerted to it. And that's free. 585 00:35:02,870 --> 00:35:05,989 S2: And that would probably be a great defense. And it 586 00:35:05,989 --> 00:35:08,589 S2: doesn't require you to spend any money, which again, I 587 00:35:08,590 --> 00:35:12,140 S2: think is unnecessary. It's a very low risk. And they 588 00:35:12,140 --> 00:35:14,259 S2: they're not doing anything you can't do yourself. 589 00:35:14,739 --> 00:35:16,140 S9: Okay. Very good. Thank you. 590 00:35:16,180 --> 00:35:19,419 S2: All right, Perry, thanks for calling today to Alabama. Hi, Bill. 591 00:35:19,460 --> 00:35:20,020 S2: Go ahead. 592 00:35:20,500 --> 00:35:21,700 S10: Hey. How are you today? 593 00:35:21,860 --> 00:35:23,020 S2: I'm great. Thank you sir. 594 00:35:23,300 --> 00:35:26,020 S10: Good. So I had a simple question for you. I 595 00:35:26,060 --> 00:35:29,140 S10: listened to you quite frequently. Um, I'm 70 years old. 596 00:35:29,180 --> 00:35:32,219 S10: I'm approaching retirement. I'm thinking about retiring this year, and 597 00:35:32,219 --> 00:35:34,060 S10: I've managed to accumulate a little bit of money in 598 00:35:34,060 --> 00:35:38,740 S10: an IRA. And recently, one of the well-known investment firms 599 00:35:38,780 --> 00:35:40,620 S10: has reached out to me and suggested I put those 600 00:35:40,620 --> 00:35:43,779 S10: funds in their hands. I've always self-managed it. I'm not 601 00:35:43,780 --> 00:35:46,020 S10: an investment guru. I don't know a whole lot about it. 602 00:35:46,020 --> 00:35:50,259 S10: I'm kind of conservative. So my my investment return for 603 00:35:50,260 --> 00:35:52,620 S10: the year has been around 18%. They say they've been 604 00:35:52,620 --> 00:35:55,100 S10: almost able to do twice that much. I don't know if. 605 00:35:55,100 --> 00:35:56,060 S10: Can I mention their name? 606 00:35:56,340 --> 00:35:56,860 S2: Uh, sure. 607 00:35:57,540 --> 00:35:58,739 S10: Uh, Fisher. Fisher group? 608 00:35:59,020 --> 00:35:59,380 S2: Yeah. 609 00:35:59,739 --> 00:36:02,700 S10: I met the threshold of the 500 K they require 610 00:36:02,700 --> 00:36:05,140 S10: for investment, and I just don't know. I'm just a 611 00:36:05,140 --> 00:36:08,850 S10: little concerned about losing that control over the direction those 612 00:36:08,850 --> 00:36:12,010 S10: funds go, and just wanted to know your opinion on that. 613 00:36:12,050 --> 00:36:15,850 S2: Yeah. So here's my thought. Bill, can you do it yourself? Absolutely. 614 00:36:15,850 --> 00:36:19,330 S2: If you have the time and the expertise you're willing 615 00:36:19,330 --> 00:36:22,569 S2: to put in the time and you can, you know, 616 00:36:22,610 --> 00:36:26,609 S2: really make a rules based decision that's not, you know, 617 00:36:26,650 --> 00:36:29,730 S2: emotionally driven. I think the biggest challenge with folks that 618 00:36:29,730 --> 00:36:32,130 S2: manage their own money, especially when they build up a 619 00:36:32,130 --> 00:36:35,729 S2: sizable nest egg like you have, is they just tend 620 00:36:35,730 --> 00:36:39,129 S2: to second guess themselves and, you know, tend to make 621 00:36:39,130 --> 00:36:42,050 S2: the opposite decisions that they should when the market's going 622 00:36:42,050 --> 00:36:44,530 S2: down and you know, you need to stay the course, 623 00:36:44,530 --> 00:36:46,930 S2: they tend to sell when the market's going up. You 624 00:36:46,930 --> 00:36:48,730 S2: know they you know tend to invest more I mean 625 00:36:48,770 --> 00:36:52,290 S2: they so you know you just end up making irrational 626 00:36:52,290 --> 00:36:56,330 S2: decisions that result in you know losing money. And often 627 00:36:56,330 --> 00:36:59,770 S2: a professional is able to just really bring a more thoughtful, 628 00:36:59,770 --> 00:37:02,690 S2: rules based approach to it. I think the second issue 629 00:37:02,690 --> 00:37:05,650 S2: is just the expertise that's there in terms of the 630 00:37:05,650 --> 00:37:09,080 S2: types of investments that are used. And to the extent 631 00:37:09,080 --> 00:37:13,240 S2: you want those investments filtered through a values lens for 632 00:37:13,239 --> 00:37:16,160 S2: your faith values that can be brought to the table 633 00:37:16,160 --> 00:37:20,000 S2: as well. I've never had any experience with Fisher directly. 634 00:37:20,000 --> 00:37:22,880 S2: I know they advertise a ton and they're massive. I 635 00:37:22,880 --> 00:37:25,719 S2: don't have anything negative to say other than, you know, 636 00:37:25,760 --> 00:37:28,080 S2: what we recommend on this program is for you to 637 00:37:28,120 --> 00:37:31,239 S2: connect with a Certified Kingdom Advisor interview 2 or 3. 638 00:37:31,239 --> 00:37:34,360 S2: And I like the idea that somebody who's walking alongside 639 00:37:34,360 --> 00:37:37,359 S2: you would not only have the experience and the expertise 640 00:37:37,360 --> 00:37:39,960 S2: and the track record, but that they would share your 641 00:37:39,960 --> 00:37:43,799 S2: values as a Christ follower and, you know, have the extra, 642 00:37:44,040 --> 00:37:48,320 S2: you know, meet the extra standards of achieving Certified Kingdom Advisor. 643 00:37:48,600 --> 00:37:51,480 S2: And so that would be my recommendation to you. But 644 00:37:51,520 --> 00:37:53,960 S2: kind of back to your original question, I just think 645 00:37:54,000 --> 00:37:57,000 S2: you spend your whole life building up this nest egg, 646 00:37:57,239 --> 00:37:59,920 S2: and I'd rather you not put it on autopilot. And 647 00:37:59,920 --> 00:38:02,000 S2: I'm not saying you're not going to manage it actively 648 00:38:02,000 --> 00:38:06,990 S2: or well. You certainly could, and have done quite well, clearly. 649 00:38:06,989 --> 00:38:08,790 S2: But I just think for you to be able to 650 00:38:08,830 --> 00:38:10,989 S2: enjoy what God has for you next and know that 651 00:38:10,989 --> 00:38:15,190 S2: somebody waking up thinking about this portfolio and how it 652 00:38:15,190 --> 00:38:18,270 S2: needs to be managed to minimize risk, preserve what you have, 653 00:38:18,469 --> 00:38:21,270 S2: and grow it appropriately in this next season of life 654 00:38:21,390 --> 00:38:23,989 S2: is worth the fee in my opinion, but that's just 655 00:38:23,989 --> 00:38:26,950 S2: my $0.02. Hopefully that helps you my friend. Thanks for 656 00:38:26,950 --> 00:38:28,950 S2: being on the program today. Again, folks, if you'd like 657 00:38:28,950 --> 00:38:32,149 S2: to find a certified Kingdom Advisor in your area, you 658 00:38:32,150 --> 00:38:35,510 S2: can do that by checking out our website, Faith fi 659 00:38:35,510 --> 00:38:37,350 S2: com right there at the top of the page. It'll 660 00:38:37,350 --> 00:38:41,270 S2: say find a professional. Angie and Marilyn, I understand you 661 00:38:41,270 --> 00:38:44,270 S2: have some encouragement, perhaps a testimony for our listeners. Share 662 00:38:44,270 --> 00:38:44,950 S2: that with us. 663 00:38:45,750 --> 00:38:48,350 S11: Rob, I don't know if it were you or someone 664 00:38:48,350 --> 00:38:52,550 S11: else on my Christian radio listening that told me if 665 00:38:52,590 --> 00:38:55,629 S11: we folks who have an RMD ready to come out 666 00:38:55,630 --> 00:39:00,270 S11: of our investments required minimum distribution, is it if we 667 00:39:00,270 --> 00:39:04,859 S11: give the entire amount to a what do you say? 668 00:39:04,900 --> 00:39:07,940 S11: Christian organization or what would be another term? Rob. 669 00:39:08,219 --> 00:39:11,299 S2: Uh, 501 c3 a ministry, a charity. 670 00:39:11,460 --> 00:39:13,660 S11: Okay, so that was about 4 or 5 years ago, 671 00:39:13,660 --> 00:39:16,219 S11: and I have been taking it out and distributing it 672 00:39:16,219 --> 00:39:19,859 S11: to some of my favorite, uh, ministries. That's great. And 673 00:39:19,860 --> 00:39:23,060 S11: then this year or last year. Excuse me. The Lord 674 00:39:23,060 --> 00:39:26,660 S11: prompted me. I'm in a new church, and, uh, we're 675 00:39:26,660 --> 00:39:29,460 S11: doing a church building. We're adding on to our building, 676 00:39:29,460 --> 00:39:33,700 S11: which I guess few churches are these days. But anyway, uh, 677 00:39:33,780 --> 00:39:36,259 S11: he said you can give the whole amount to your 678 00:39:36,260 --> 00:39:40,820 S11: church and help the building. I had the most fun 679 00:39:40,820 --> 00:39:43,660 S11: in my life, given the entire amount to my church 680 00:39:43,660 --> 00:39:46,740 S11: in a couple of weeks ago. My pastor said they have, 681 00:39:46,780 --> 00:39:50,259 S11: yet they do the building themselves. My pastor is a 682 00:39:50,260 --> 00:39:53,340 S11: carpenter also, I believe, and he has buddies that help him. 683 00:39:53,540 --> 00:39:56,459 S11: He said we have yet to get our loan out 684 00:39:56,500 --> 00:39:58,980 S11: of the bank that we established. I don't know when 685 00:39:58,980 --> 00:40:02,299 S11: they established it. I wasn't here, but I had so 686 00:40:02,300 --> 00:40:04,720 S11: much fun. And then when I looked on the budget, 687 00:40:04,719 --> 00:40:08,640 S11: someone else I think had done that too, because there 688 00:40:08,640 --> 00:40:11,920 S11: was another lump sum. But I thank you and I 689 00:40:11,960 --> 00:40:14,640 S11: thank the good Lord for that wonderful prompting because it 690 00:40:14,640 --> 00:40:19,080 S11: is so fun. I'm 87 to be have known the 691 00:40:19,080 --> 00:40:21,920 S11: Lord for over 75 years, and to have grown to 692 00:40:21,960 --> 00:40:24,719 S11: the point. Like that widow you talked about, that the 693 00:40:24,719 --> 00:40:27,800 S11: greatest delight is to follow the lead of my heart, 694 00:40:27,800 --> 00:40:30,240 S11: and I trust my heart is getting more and more 695 00:40:30,239 --> 00:40:33,120 S11: schooled by Jesus Christ. Thanks, Rob. 696 00:40:33,440 --> 00:40:36,680 S2: Oh, wow. What a testimony. You've been such an encouragement 697 00:40:36,680 --> 00:40:39,160 S2: to me, Angie. You know, when I hear the joy 698 00:40:39,160 --> 00:40:41,800 S2: in your voice, I think of the passage. God loves 699 00:40:41,800 --> 00:40:45,400 S2: a cheerful giver. And you are a cheerful giver today 700 00:40:45,640 --> 00:40:48,440 S2: because you're giving as an act of worship. It's bringing 701 00:40:48,440 --> 00:40:51,880 S2: incredible joy. And I can't help but think as as 702 00:40:51,880 --> 00:40:54,080 S2: so many are listening right now and hearing the joy 703 00:40:54,080 --> 00:40:57,359 S2: of the Lord in your voice that he's allowing to 704 00:40:57,360 --> 00:41:00,120 S2: have happen through your giving. That's going to be contagious 705 00:41:00,120 --> 00:41:02,550 S2: for many others that say, you know what? I want 706 00:41:02,550 --> 00:41:05,589 S2: some of that. What Angie has what a privilege it 707 00:41:05,590 --> 00:41:07,669 S2: is to be able to take the resources that don't 708 00:41:07,670 --> 00:41:09,950 S2: belong to us. They belong to God and to put 709 00:41:09,950 --> 00:41:13,950 S2: them back into circulation in God's economy, where he's at work. 710 00:41:13,950 --> 00:41:16,069 S2: And for you, Angie, that starts right there with your 711 00:41:16,070 --> 00:41:18,590 S2: local church. And I think that's a good model for 712 00:41:18,590 --> 00:41:21,270 S2: all of us. By the way, folks, if you're just 713 00:41:21,270 --> 00:41:24,150 S2: hearing about what Angie's describing for the first time, this 714 00:41:24,150 --> 00:41:26,509 S2: is an opportunity for you. If you've got money in 715 00:41:26,510 --> 00:41:30,509 S2: an IRA, an individual retirement account, and you now have 716 00:41:30,510 --> 00:41:33,589 S2: a required minimum every year, the IRS says because you're 717 00:41:33,590 --> 00:41:36,710 S2: 73 or older, you've got to take a certain percentage 718 00:41:36,750 --> 00:41:40,350 S2: out instead of recognizing that as income. When it comes 719 00:41:40,350 --> 00:41:42,669 S2: out to you, you can give it straight to your 720 00:41:42,670 --> 00:41:45,950 S2: church or any other ministry. It never gets added to 721 00:41:45,950 --> 00:41:48,750 S2: your taxable income. You get to give away more, and 722 00:41:48,750 --> 00:41:54,110 S2: you can do this year, in 2026, up to $111,000 723 00:41:54,510 --> 00:41:57,069 S2: out of your IRA. You know, Angie, I talked to 724 00:41:57,110 --> 00:42:00,580 S2: so many people who say, I think if I didn't 725 00:42:00,580 --> 00:42:04,380 S2: do something about it, I might die with millions. Hundreds 726 00:42:04,380 --> 00:42:07,020 S2: of thousands of dollars in my accounts. Why wouldn't I 727 00:42:07,060 --> 00:42:11,780 S2: get that into God's economy today? And they're making large gifts, 728 00:42:11,780 --> 00:42:14,900 S2: perhaps larger than they ever thought possible. So thank you 729 00:42:14,900 --> 00:42:16,940 S2: for that encouragement. We appreciate your call. 730 00:42:17,260 --> 00:42:18,020 S11: Good job. 731 00:42:18,060 --> 00:42:18,500 S12: Bye bye. 732 00:42:18,739 --> 00:42:21,379 S2: Thank you. Lord bless you. Wow, what a great way 733 00:42:21,380 --> 00:42:24,020 S2: to end our program today. She is a treat and 734 00:42:24,020 --> 00:42:27,259 S2: a blessing. And folks, that's the good life giving is 735 00:42:27,260 --> 00:42:29,620 S2: the good life. So think about how you can lean 736 00:42:29,620 --> 00:42:32,419 S2: into that. Perhaps stretch your thinking about what you can 737 00:42:32,420 --> 00:42:34,899 S2: do to get more of what God has entrusted to 738 00:42:34,940 --> 00:42:39,460 S2: you into God's economy. Let's live with eternity in view. Well, 739 00:42:39,460 --> 00:42:41,500 S2: that's going to do it for us today. Faith and 740 00:42:41,500 --> 00:42:44,819 S2: finance live as a partnership between Moody Radio and Faith VI. 741 00:42:44,860 --> 00:42:48,299 S2: Thank you to my amazing broadcast team. I couldn't do 742 00:42:48,300 --> 00:42:50,140 S2: this without them. I hope you have a great rest 743 00:42:50,140 --> 00:42:52,340 S2: of your day and we'll see you next time on 744 00:42:52,340 --> 00:42:53,700 S2: Faith and Finance live.