1 00:00:08,440 --> 00:00:11,680 S1: Are you living at your best or just barely getting by? 2 00:00:12,039 --> 00:00:15,000 S1: Maybe burnout isn't a badge of honor, but a warning 3 00:00:15,000 --> 00:00:18,520 S1: light from God. Hi, I'm Rob West. When life feels 4 00:00:18,520 --> 00:00:21,320 S1: out of balance, it's often a sign we're pushing past 5 00:00:21,320 --> 00:00:25,320 S1: the limits. God's designed for our good. Today, Kari Neuhoff 6 00:00:25,320 --> 00:00:28,640 S1: joins us to share how we can find biblical rest 7 00:00:28,640 --> 00:00:31,280 S1: and live with renewed purpose by managing our time and 8 00:00:31,280 --> 00:00:33,880 S1: energy God's way. And then it's on to your calls 9 00:00:33,880 --> 00:00:40,080 S1: at 800 525 7000. That's 800 525 7000. This is 10 00:00:40,080 --> 00:00:47,960 S1: faith and finance. Live. Biblical wisdom for your financial decisions. Well, 11 00:00:47,960 --> 00:00:50,159 S1: it's a joy to welcome Kari Neuhoff to the program. 12 00:00:50,159 --> 00:00:54,720 S1: He's best selling author, speaker, leadership expert, and founding pastor 13 00:00:54,720 --> 00:00:58,440 S1: of Connexus Church in Ontario, Canada. Kari, I've been looking 14 00:00:58,440 --> 00:01:00,010 S1: forward to this. Thanks for being here. 15 00:01:00,250 --> 00:01:02,050 S2: I've been looking forward to it too. Thank you so 16 00:01:02,050 --> 00:01:02,890 S2: much for having me. 17 00:01:03,250 --> 00:01:06,130 S1: Gary, we're going to unpack your book today at your 18 00:01:06,130 --> 00:01:09,370 S1: best How to get time, energy and priorities working in 19 00:01:09,370 --> 00:01:12,210 S1: your favor. And I know it struck a chord with 20 00:01:12,209 --> 00:01:16,730 S1: so many readers. Certainly I'm among that group. Let's back up. 21 00:01:16,730 --> 00:01:19,929 S1: Why did you write this? Why the topic of burnout? 22 00:01:20,290 --> 00:01:23,650 S3: Well, I wrote it because I burned out. So about 23 00:01:23,690 --> 00:01:24,250 S3: a decade. 24 00:01:24,250 --> 00:01:27,729 S2: Into my leadership, almost 20 years ago now, I was 25 00:01:27,730 --> 00:01:30,930 S2: on top of the world in many respects fast growing church, 26 00:01:31,050 --> 00:01:35,690 S2: new people every weekend, double digit growth. And, uh, I 27 00:01:35,690 --> 00:01:39,090 S2: remember being invited to speak at a conference in Atlanta. 28 00:01:39,290 --> 00:01:42,810 S2: Biggest audience to date at that time, 2500 leaders from 29 00:01:42,810 --> 00:01:45,410 S2: around the world. And I thought, does it get any 30 00:01:45,410 --> 00:01:48,610 S2: better than this? And then, uh, I flew home, my 31 00:01:48,610 --> 00:01:51,050 S2: wife and kids were with me. And when we landed 32 00:01:51,050 --> 00:01:54,770 S2: in Toronto, my, you know, home city, it's like I 33 00:01:54,770 --> 00:01:58,430 S2: fell off a cliff. I just had worked so hard 34 00:01:58,430 --> 00:02:01,470 S2: for so long. Um, you know, I probably met all 35 00:02:01,510 --> 00:02:05,430 S2: the symptoms for clinical depression, and I'm not a depressed person, but, like, 36 00:02:05,470 --> 00:02:09,470 S2: lost my motivation, lost my passion. And what happened was, 37 00:02:09,510 --> 00:02:13,230 S2: you know, like so many leaders, success is intoxicating. We 38 00:02:13,270 --> 00:02:16,030 S2: were growing at, I think, 30% a year, year after 39 00:02:16,030 --> 00:02:20,470 S2: year after year. And my terrible math equation was more 40 00:02:20,470 --> 00:02:23,310 S2: people equals more hours. You know, if you get a promotion, 41 00:02:23,310 --> 00:02:26,710 S2: what is it, Rob? Some more hours, right? That's right. So, um, 42 00:02:26,870 --> 00:02:30,110 S2: and I didn't declare a finish line, so my body did, 43 00:02:30,150 --> 00:02:33,030 S2: and it kind of went on strike. And that lasted 44 00:02:33,030 --> 00:02:37,030 S2: about 4 or 5 months. Darkest period in my life. Um, 45 00:02:37,310 --> 00:02:42,750 S2: and as I was slowly finding health again, I can't 46 00:02:42,750 --> 00:02:44,310 S2: live this way. I got to figure out a new 47 00:02:44,310 --> 00:02:46,790 S2: normal because normal got me burned out. And so that 48 00:02:46,790 --> 00:02:50,230 S2: has spawned the last two decades of not only figuring 49 00:02:50,230 --> 00:02:53,429 S2: it out personally, but probably, you know, 7 or 8 50 00:02:53,430 --> 00:02:56,239 S2: years into recovery, I started sharing some of the principles 51 00:02:56,240 --> 00:02:58,200 S2: and I'm like, oh, wait a minute, I'm not alone 52 00:02:58,200 --> 00:03:01,440 S2: on this. This is like so many people's stories. And 53 00:03:01,440 --> 00:03:05,000 S2: what I found is my recovery didn't just work for me. 54 00:03:05,040 --> 00:03:07,600 S2: It started to help other people too. Mhm. 55 00:03:08,160 --> 00:03:10,320 S1: Uh, let's sit in that for a second. Did it 56 00:03:10,360 --> 00:03:13,520 S1: catch you by surprise or did you see it coming 57 00:03:13,520 --> 00:03:14,200 S1: in any way? 58 00:03:14,760 --> 00:03:18,000 S2: No, no, actually I wrote a book before your best called. 59 00:03:18,000 --> 00:03:20,880 S2: Didn't see it coming. No I didn't see it coming 60 00:03:20,880 --> 00:03:23,200 S2: I wasn't I had lots of people saw it coming. 61 00:03:23,240 --> 00:03:26,280 S2: Now here's the irony, right? I had people probably for 62 00:03:26,280 --> 00:03:28,640 S2: 2 or 3 years prior to me burning out, tapping 63 00:03:28,639 --> 00:03:31,280 S2: me on the shoulder, going, hey, if you're not careful, 64 00:03:31,280 --> 00:03:32,840 S2: you're going to be burnt out. And you know what? 65 00:03:32,840 --> 00:03:35,080 S2: I thought because I was in my 30s, I was like, 66 00:03:35,120 --> 00:03:38,960 S2: you know, that's for weaklings. Yeah, weak people burn out. 67 00:03:38,960 --> 00:03:41,840 S2: I don't burn out. I'm stronger than that. The rules 68 00:03:41,840 --> 00:03:44,920 S2: don't apply to me. And you know what they did? 69 00:03:44,920 --> 00:03:49,680 S2: They did apply to me. And it honestly was one 70 00:03:49,680 --> 00:03:51,840 S2: of the biggest shocks in my life. It's like, what 71 00:03:51,840 --> 00:03:53,360 S2: do you mean? I'm out of gas? What do you mean? 72 00:03:53,360 --> 00:03:54,820 S2: I don't want to get out of bed in the morning. 73 00:03:54,820 --> 00:03:58,140 S2: What do you mean? I'm this dark and this depressed 74 00:03:58,140 --> 00:04:02,660 S2: and this, like, limping, barely moving on. It just. It 75 00:04:02,660 --> 00:04:06,100 S2: just shocked me. And even looking back on it, I'm like, yeah, 76 00:04:06,100 --> 00:04:07,820 S2: that was totally out of the blue. So were the 77 00:04:07,820 --> 00:04:12,620 S2: signs there? Absolutely. Who is blind to them? Me. 78 00:04:12,900 --> 00:04:16,020 S1: Yeah, yeah. And that's normally the case. You talk about 79 00:04:16,020 --> 00:04:19,339 S1: burnout as the gap between what we're capable of and 80 00:04:19,339 --> 00:04:22,500 S1: what we're carrying. Unpack that for us for a second. 81 00:04:22,900 --> 00:04:26,700 S2: Yeah. So, you know, the thing is, you know, we're 82 00:04:26,700 --> 00:04:29,500 S2: growing fast enough. And I mean, you know, in Canada, 83 00:04:29,540 --> 00:04:32,140 S2: a large church is very large churches, a thousand people. 84 00:04:32,140 --> 00:04:35,900 S2: And we were starting to crest that level. And I thought, 85 00:04:35,900 --> 00:04:39,740 S2: it can't get any more complicated than that. And when 86 00:04:39,740 --> 00:04:42,300 S2: I burned out, you know, I just thought, I can't 87 00:04:42,300 --> 00:04:45,060 S2: handle any more people. I can't handle any more responsibility. 88 00:04:45,060 --> 00:04:47,900 S2: I can't handle any of that. Well, fast forward two decades. 89 00:04:47,900 --> 00:04:53,350 S2: Guess what? I'm carrying a crazy amount. More Like, millions 90 00:04:53,350 --> 00:04:56,110 S2: of people have access to my podcast and my resources. 91 00:04:56,150 --> 00:04:56,669 S1: Yes. 92 00:04:57,110 --> 00:04:59,390 S2: And I have days off and I go to bed 93 00:04:59,390 --> 00:05:01,430 S2: and get eight and a half, nine hours sleep. So, 94 00:05:01,470 --> 00:05:05,270 S2: you know, burnout, if you're operating at that capacity, you 95 00:05:05,270 --> 00:05:09,190 S2: get hurt. But there's a lot more if you rethink 96 00:05:09,230 --> 00:05:09,990 S2: your rhythm. 97 00:05:10,430 --> 00:05:12,470 S1: Mm. That is so good. Well, we're going to continue 98 00:05:12,470 --> 00:05:15,029 S1: to unpack this after the break. What does it look 99 00:05:15,029 --> 00:05:19,670 S1: like to go from burnout to biblical rest? Carey Nieuwhof. Pastor, 100 00:05:19,670 --> 00:05:22,390 S1: speaker and best selling author here today. Much more to come. 101 00:05:22,390 --> 00:05:34,830 S1: Just around the corner. Stay with us. Do you find 102 00:05:34,830 --> 00:05:38,070 S1: yourself at the end of your rope? Perhaps burnout is 103 00:05:38,070 --> 00:05:40,310 S1: a part of this season you're in right now, and 104 00:05:40,310 --> 00:05:44,110 S1: you're looking for a way out the path to biblical rest. 105 00:05:44,110 --> 00:05:46,950 S1: That's what we're talking about today with Kari Neuhoff. Kari 106 00:05:46,950 --> 00:05:50,469 S1: is a pastor, speaker, best selling author of the book 107 00:05:50,600 --> 00:05:54,440 S1: at your best. How to get time, energy, and priorities 108 00:05:54,440 --> 00:05:58,239 S1: working in your favor. Carry. Before the break. You described 109 00:05:58,240 --> 00:06:01,240 S1: this dark place you were at as you were at 110 00:06:01,440 --> 00:06:04,920 S1: seemingly the top of your game. Everything was working and 111 00:06:04,920 --> 00:06:08,080 S1: your church and and your speaking and writing. And all 112 00:06:08,080 --> 00:06:11,080 S1: of a sudden you found yourself in your own burnout. 113 00:06:11,279 --> 00:06:13,680 S1: And it was a journey that you walked with the 114 00:06:13,680 --> 00:06:16,680 S1: Lord and your family through. And you're, of course, now 115 00:06:16,680 --> 00:06:18,839 S1: on the other side of it. And I'm so delighted 116 00:06:18,839 --> 00:06:21,400 S1: because I'm confident there are so many in our listening 117 00:06:21,400 --> 00:06:24,440 S1: audience today who are in some version of that season 118 00:06:24,440 --> 00:06:27,160 S1: right now. One of the key ideas you talk about 119 00:06:27,160 --> 00:06:31,600 S1: is managing energy rather than time. Talk about that for 120 00:06:31,600 --> 00:06:32,160 S1: a second. 121 00:06:32,600 --> 00:06:36,839 S2: You know the thing I started to rethink, uh, time 122 00:06:36,839 --> 00:06:39,520 S2: management because the problem was I was pretty good at 123 00:06:39,520 --> 00:06:42,320 S2: time management when I burned out. Like I was getting 124 00:06:42,320 --> 00:06:44,920 S2: better at it every year. And what I realized is 125 00:06:44,920 --> 00:06:48,080 S2: you're managing a fixed asset. Like you get 24 hours 126 00:06:48,080 --> 00:06:49,779 S2: in a day, no matter who you are, right? If 127 00:06:49,820 --> 00:06:52,180 S2: you became president of the United States, guess what you get. 128 00:06:52,220 --> 00:06:55,380 S2: Not a single minute more a day. If you get 129 00:06:55,380 --> 00:06:57,979 S2: promoted to CEO, guess what? You get not a single 130 00:06:57,980 --> 00:07:00,940 S2: minute more a day. And so I kind of realized that. 131 00:07:00,940 --> 00:07:03,659 S2: But then I also started studying energy. And a lot's 132 00:07:03,660 --> 00:07:06,300 S2: been done over the last 15 years on studying human energy. 133 00:07:06,300 --> 00:07:10,300 S2: But I realized not all 24 hours are created equal 134 00:07:10,340 --> 00:07:13,660 S2: like they're equal in time. But like I'm a morning person. 135 00:07:13,660 --> 00:07:17,580 S2: So 8 a.m. feels very different to me than 8 p.m. 136 00:07:17,580 --> 00:07:20,300 S2: some nights at 8 p.m.. You know, I'm just like, 137 00:07:20,300 --> 00:07:22,820 S2: all right, that's it. I want to go to bed. Right. So. 138 00:07:22,860 --> 00:07:25,340 S2: But 8 a.m., uh, I'm a writer. I'm working on 139 00:07:25,340 --> 00:07:29,140 S2: a new book right now, and, you know, the ideas flow. I'm. I'm, 140 00:07:29,340 --> 00:07:32,500 S2: you know, doing great. So maybe your your listeners can 141 00:07:32,500 --> 00:07:35,739 S2: relate because they're morning people or they're night owls or, 142 00:07:35,860 --> 00:07:37,860 S2: you know, they peak midday. A lot of people according 143 00:07:37,860 --> 00:07:41,060 S2: to the research, peak midday. But the bottom line is 144 00:07:41,060 --> 00:07:42,980 S2: I wanted to call my last book at your best. 145 00:07:42,980 --> 00:07:44,700 S2: I wanted to call it the three hour work day, 146 00:07:44,700 --> 00:07:48,470 S2: but it's already gone that that concept, but the idea 147 00:07:48,470 --> 00:07:50,510 S2: is like, on a really good day. I had a 148 00:07:50,510 --> 00:07:52,950 S2: writing sabbatical last week before, you know, we were going 149 00:07:52,990 --> 00:07:56,270 S2: to air with this. I, you know, wrote eight hours 150 00:07:56,270 --> 00:07:58,310 S2: a day, but there were only 3 or 4 really 151 00:07:58,310 --> 00:08:00,390 S2: good hours in that. And then the rest was kind 152 00:08:00,390 --> 00:08:02,670 S2: of review. And your brain cells. You know, it's like 153 00:08:02,670 --> 00:08:06,110 S2: your phone, you start at 100% or 80%, and then 154 00:08:06,110 --> 00:08:08,550 S2: you just wind down. And by 4:00 in the afternoon 155 00:08:08,550 --> 00:08:12,429 S2: there's 3%. So I call those peak energy zones your 156 00:08:12,430 --> 00:08:15,830 S2: your hours, your green zone because you're firing on all cylinders. 157 00:08:15,950 --> 00:08:18,830 S2: The opposite is your red zone. And so for me 158 00:08:18,830 --> 00:08:22,070 S2: that's 4 to 6 in the afternoon where, you know, 159 00:08:22,270 --> 00:08:25,630 S2: my battery's down to 3%. I need a double espresso 160 00:08:25,630 --> 00:08:27,990 S2: or a nap. One of the two or a run 161 00:08:27,990 --> 00:08:30,790 S2: or something to keep me going. Most people can relate 162 00:08:30,790 --> 00:08:32,630 S2: to that. So the key is, and this is what 163 00:08:32,630 --> 00:08:35,670 S2: made the biggest difference in the productivity we talked about 164 00:08:35,670 --> 00:08:39,510 S2: before the break is, um, when I work in my 165 00:08:39,510 --> 00:08:41,750 S2: green zone, I do my most important work, which for 166 00:08:41,750 --> 00:08:46,000 S2: me is writing, yes, new content as an author and 167 00:08:46,000 --> 00:08:49,199 S2: a speaker. If I do that my green zone, I 168 00:08:49,600 --> 00:08:52,679 S2: get exponential returns. If I wait and just fill it 169 00:08:52,679 --> 00:08:55,120 S2: up with breakfast meetings and this and that and the 170 00:08:55,120 --> 00:08:57,240 S2: other thing and, you know, trips to the drive through 171 00:08:57,240 --> 00:09:00,360 S2: for coffee. Um, and I try to do my most 172 00:09:00,360 --> 00:09:04,080 S2: important work in the afternoon or evening. Gong show. Gong show. 173 00:09:04,559 --> 00:09:06,760 S2: So what I encourage leaders to do is do what 174 00:09:06,760 --> 00:09:09,040 S2: you're best at when you're at your best. That's it. 175 00:09:09,080 --> 00:09:11,480 S2: When are you at your best? Take your most important 176 00:09:11,480 --> 00:09:14,000 S2: work for CEOs. It could be strategy. It could be key. 177 00:09:14,040 --> 00:09:16,040 S2: One on one meetings. Do it when you're at your 178 00:09:16,040 --> 00:09:18,000 S2: best because you know if you've got that part of 179 00:09:18,000 --> 00:09:22,680 S2: your to do list done, guess what? You can go home, man. 180 00:09:22,720 --> 00:09:26,000 S2: Like if I get if I get 3000 good words 181 00:09:26,000 --> 00:09:29,439 S2: written by 10 a.m., I don't care what the day brings, 182 00:09:29,440 --> 00:09:31,880 S2: I'm fine. When I was a pastor, if I had 183 00:09:31,880 --> 00:09:35,400 S2: my sermon done by Tuesday at noon and the rest 184 00:09:35,400 --> 00:09:38,120 S2: of the week doesn't really matter if I'm still struggling 185 00:09:38,120 --> 00:09:41,320 S2: for an idea. Friday at 5:00, guess who pays the price? Me? 186 00:09:41,360 --> 00:09:44,900 S2: My family, my wife. I'm miserable. The sermon isn't as good. 187 00:09:44,940 --> 00:09:46,140 S2: So you got to do what you're best at when 188 00:09:46,140 --> 00:09:47,020 S2: you're at your best. 189 00:09:47,140 --> 00:09:49,460 S1: That is so good. And it's such a key idea, 190 00:09:49,500 --> 00:09:52,380 S1: not only in life, but in leadership, to your point. 191 00:09:52,380 --> 00:09:56,260 S1: So carry with those things that you're not best at. 192 00:09:56,420 --> 00:10:00,820 S1: What are some practical ideas on how you then transfer 193 00:10:00,860 --> 00:10:02,820 S1: those to others? What does that look like? 194 00:10:03,300 --> 00:10:05,060 S4: Delegate delegate. Delegate. 195 00:10:05,059 --> 00:10:07,340 S2: I'm working on a new piece, top ten books I've 196 00:10:07,340 --> 00:10:10,620 S2: read this year. I'm just literally putting the book titles in. 197 00:10:10,860 --> 00:10:16,780 S2: Someone else can fill in all the links, all the details, etc. 198 00:10:17,059 --> 00:10:19,900 S2: you just gotta delegate. You got to learn. Also to 199 00:10:19,940 --> 00:10:22,300 S2: say no. I think about it in terms of categorical 200 00:10:22,300 --> 00:10:24,900 S2: decision making. I did it again this morning. It was 201 00:10:24,900 --> 00:10:27,460 S2: a travel day yesterday, so I'm catching up on email. 202 00:10:27,460 --> 00:10:29,100 S2: There's a guy who wants to give me, you know, 203 00:10:29,140 --> 00:10:32,220 S2: pretty valuable free software in exchange for a 45 minute 204 00:10:32,220 --> 00:10:34,579 S2: zoom call. I'm like, you know what? I'm just going 205 00:10:34,580 --> 00:10:37,300 S2: to have to say, no, I'm sorry, I'm in monk 206 00:10:37,340 --> 00:10:39,780 S2: mode right now. I gotta I gotta write this book. 207 00:10:39,980 --> 00:10:42,630 S2: And that's really hard. Every single time I shut the 208 00:10:42,630 --> 00:10:45,910 S2: door and say no. But for too many years, particularly 209 00:10:45,910 --> 00:10:48,390 S2: in my 30s when my kids were young, you know, 210 00:10:48,429 --> 00:10:50,110 S2: when I said yes and I shouldn't have said yes, 211 00:10:50,110 --> 00:10:52,630 S2: guess who paid the price for that? My family. Because 212 00:10:52,630 --> 00:10:54,630 S2: saying yes to this guy that was a B or 213 00:10:54,670 --> 00:10:57,270 S2: C priority meant I said no to my kids on 214 00:10:57,270 --> 00:11:00,350 S2: a Saturday. It's like, oh, I don't want to live 215 00:11:00,350 --> 00:11:03,030 S2: that way anymore. And you know, so I think of 216 00:11:03,030 --> 00:11:07,670 S2: it as categorical decision making. I don't do breakfast meetings anymore. Why? 217 00:11:07,910 --> 00:11:10,870 S2: Because it competes with my green zone. It's just like, okay, 218 00:11:11,190 --> 00:11:13,230 S2: you know, the one hour meeting took three hours. By 219 00:11:13,230 --> 00:11:15,429 S2: the time you drove to the restaurant, got back, stopped 220 00:11:15,429 --> 00:11:18,910 S2: for coffee, chatted with people in the office. So it's 221 00:11:18,910 --> 00:11:21,870 S2: it's been a complete rewiring. Now you can make exceptions. 222 00:11:21,870 --> 00:11:24,910 S2: One of my very best friends texted me, hey, I'm 223 00:11:24,910 --> 00:11:27,510 S2: in Nashville. You want to get together for breakfast on Friday? 224 00:11:27,950 --> 00:11:30,309 S2: I can have breakfast with him, you know, but I'm 225 00:11:30,309 --> 00:11:33,630 S2: just not going to do it three days a week. Uh, 226 00:11:33,910 --> 00:11:36,870 S2: you know, all month long. Because then my most productive 227 00:11:36,910 --> 00:11:38,870 S2: time goes up in flames. Mhm. 228 00:11:39,230 --> 00:11:43,050 S1: You know, I love that. after concluding his creation masterpiece, 229 00:11:43,090 --> 00:11:45,929 S1: God rested from his work. And you know, when we 230 00:11:45,929 --> 00:11:49,570 S1: indwell creation and that design, we work in God's way, 231 00:11:49,570 --> 00:11:52,170 S1: but we also rest in God's way. And you say 232 00:11:52,170 --> 00:11:55,329 S1: rest isn't a reward for finishing our work. It's a 233 00:11:55,330 --> 00:11:57,930 S1: part of how God designed us to work. So how 234 00:11:57,929 --> 00:12:00,370 S1: does that play out day to day for you? 235 00:12:01,050 --> 00:12:04,689 S2: Well, you know, we think of rest, I think, as rehab. 236 00:12:04,690 --> 00:12:06,930 S2: It's like, ah, I worked so hard. I'm so tired, 237 00:12:07,170 --> 00:12:10,530 S2: I gotta rest. But yeah, it's talking to Rob Pelinka, 238 00:12:10,530 --> 00:12:13,290 S2: who's a general manager of the LA Lakers. And we 239 00:12:13,330 --> 00:12:16,170 S2: were talking about managing LeBron James. And listen, I know 240 00:12:16,170 --> 00:12:19,690 S2: less about sports than all of your listeners. Okay. So, uh, 241 00:12:19,690 --> 00:12:22,250 S2: but I know who LeBron James is. Sure. And he 242 00:12:22,250 --> 00:12:28,010 S2: says LeBron as he's gotten older pays so much attention. Prehab. Right. 243 00:12:28,050 --> 00:12:30,450 S2: So it's not just what am I doing after the 244 00:12:30,450 --> 00:12:32,570 S2: game recover? What am I doing before the game to 245 00:12:32,610 --> 00:12:34,650 S2: get ready? And that looks like 12 hours worth of 246 00:12:34,650 --> 00:12:38,570 S2: sleep and this diet and this exercise regime, etc.. So 247 00:12:39,140 --> 00:12:41,179 S2: you can look at Sabbath as rehab, or you can 248 00:12:41,179 --> 00:12:43,780 S2: look at it as prehab as well. And the other 249 00:12:43,780 --> 00:12:48,140 S2: thing that's interesting, because you referenced the biblical, uh, reference 250 00:12:48,140 --> 00:12:51,380 S2: to Sabbath, is that God delighted in his creation. He 251 00:12:51,380 --> 00:12:55,660 S2: looked back, he created something amazing, and he enjoyed it, 252 00:12:55,940 --> 00:12:58,020 S2: which is like really cool, right? 253 00:12:58,059 --> 00:13:01,500 S1: Yeah, you're exactly right. Well, and we've only unfortunately got 254 00:13:01,500 --> 00:13:03,980 S1: about a minute left. But these limits are not only 255 00:13:03,980 --> 00:13:06,980 S1: a part of God's rhythm, but they're a blessing to us. 256 00:13:06,980 --> 00:13:10,540 S1: They're not obstacles. And this can actually relate to money 257 00:13:10,540 --> 00:13:13,340 S1: as well. So let's finish today with how this can 258 00:13:13,340 --> 00:13:16,300 S1: transform our approach to both time and money. 259 00:13:16,540 --> 00:13:19,100 S2: Yeah. Margin on your calendar is a gift, right? If 260 00:13:19,140 --> 00:13:21,340 S2: you've got a free Saturday and it just says family 261 00:13:21,380 --> 00:13:24,500 S2: time on it, it's like, awesome, okay, you've said no 262 00:13:24,500 --> 00:13:26,660 S2: to everything else so you can say yes to your family. 263 00:13:26,660 --> 00:13:29,140 S2: The same goes with money. And I learned that lesson 264 00:13:29,140 --> 00:13:33,660 S2: over time. That margin is a gift financially. You know, 265 00:13:33,700 --> 00:13:37,390 S2: if your air conditioning goes or your furnace goes, You 266 00:13:37,390 --> 00:13:39,510 S2: have the money sitting in the bank. What a gift. 267 00:13:39,510 --> 00:13:41,390 S2: So I think the way you manage your time, the 268 00:13:41,390 --> 00:13:43,550 S2: way you manage even your health, and you steward that, 269 00:13:43,550 --> 00:13:46,430 S2: and also the way you manage your money. Really important. 270 00:13:46,470 --> 00:13:49,710 S1: Yeah. Boy, this has been a gift today to us. Kari. 271 00:13:49,750 --> 00:13:52,270 S1: I so appreciate your time. Thanks for being with us. 272 00:13:52,270 --> 00:13:53,590 S1: We're going to have you back real soon. 273 00:13:53,830 --> 00:13:54,750 S2: Okay, I'd love to. 274 00:13:54,950 --> 00:13:58,110 S1: That's Kari Neuhoff, pastor, speaker and best selling author. You 275 00:13:58,110 --> 00:14:00,110 S1: can pick up this book wherever you buy your books. 276 00:14:00,110 --> 00:14:03,670 S1: It's called At Your Best. Also, check out the Kari 277 00:14:03,710 --> 00:14:07,949 S1: Neuhoff Leadership podcast. He'll be at Redeeming Money, our conference 278 00:14:07,950 --> 00:14:10,870 S1: for advisors in February. Tell your advisor to go to 279 00:14:10,910 --> 00:14:14,510 S1: redeeming Money.com. All right. Your calls are next. The number 280 00:14:14,550 --> 00:14:21,870 S1: 800 525 7000. That's 800 525 7000. We'll be right back. 281 00:14:32,830 --> 00:14:36,130 S5: The opinions offered during this program represent the personal or 282 00:14:36,130 --> 00:14:40,490 S5: professional opinions of the participants, given for informational purposes only. 283 00:14:40,770 --> 00:14:44,210 S5: Any information provided is not intended to replace advice from 284 00:14:44,210 --> 00:14:48,450 S5: a financial, medical, legal or other professional who understands your 285 00:14:48,450 --> 00:14:49,970 S5: specific situation. 286 00:14:57,850 --> 00:15:00,290 S1: Thanks for joining us today on Faith and Finance Live, 287 00:15:00,290 --> 00:15:02,850 S1: I'm Rob West. Looking forward to taking your calls and 288 00:15:02,850 --> 00:15:05,970 S1: questions today. The number to get in on the conversation 289 00:15:06,010 --> 00:15:12,730 S1: 800 525 7000. Again that number is 800 525 7000. 290 00:15:12,770 --> 00:15:14,570 S1: You know, as we look at the counsel of Scripture, 291 00:15:14,570 --> 00:15:17,650 S1: we realize there is a lot in God's Word related 292 00:15:17,650 --> 00:15:20,490 S1: to money and money management. Why is that? Is it 293 00:15:20,490 --> 00:15:23,210 S1: that God wants something from us? No, I think it's 294 00:15:23,210 --> 00:15:27,010 S1: that God wants something for us. I think he recognizes, 295 00:15:27,010 --> 00:15:29,890 S1: and we certainly see this throughout Scripture, that if something 296 00:15:30,050 --> 00:15:32,970 S1: is going to compete with our hearts for first position, 297 00:15:32,970 --> 00:15:35,220 S1: it's most often going to be money and the things 298 00:15:35,220 --> 00:15:37,700 S1: that money can buy. Remember the parable of the sower? 299 00:15:37,860 --> 00:15:39,980 S1: What was it that choked out the word from bearing 300 00:15:39,980 --> 00:15:43,500 S1: a 3000 6000 fold return? Well, it was the deceitfulness 301 00:15:43,500 --> 00:15:47,820 S1: of riches and the desires for other things. Creator. Well, 302 00:15:47,820 --> 00:15:50,540 S1: that's not the way God designed it. And we take 303 00:15:50,540 --> 00:15:53,860 S1: our sights off the eternal and put them on the temporal. Well, 304 00:15:53,860 --> 00:15:56,380 S1: we want to reset that here on this program each day. 305 00:15:56,420 --> 00:15:59,780 S1: Help you think in light of a biblical worldview. Look 306 00:15:59,780 --> 00:16:02,780 S1: at the resources God has entrusted to you through the 307 00:16:02,780 --> 00:16:07,340 S1: lens of Scripture, and then address those very practical decisions 308 00:16:07,340 --> 00:16:11,140 S1: you're making in your financial life, using biblical principles to 309 00:16:11,180 --> 00:16:15,460 S1: make and guide us through the decision making process. So, uh, 310 00:16:15,460 --> 00:16:18,820 S1: give us a call when you have further questions today. 311 00:16:18,820 --> 00:16:21,980 S1: That number to get in on the conversation is 800 312 00:16:22,140 --> 00:16:28,540 S1: 525 7000. That's 800 525 7000. We're going to dive in. 313 00:16:28,540 --> 00:16:31,100 S1: Let's begin in Florida today Tim. Go right ahead. 314 00:16:32,240 --> 00:16:37,120 S6: Good afternoon. Thanks for your time. Uh, we're wondering where 315 00:16:37,120 --> 00:16:43,200 S6: to set some money aside for my 18 year old nephew. Uh, unfortunately, 316 00:16:43,200 --> 00:16:45,200 S6: his parents haven't done too much to set him up 317 00:16:45,200 --> 00:16:48,920 S6: for success. His mother never re-enrolled him in high school 318 00:16:48,960 --> 00:16:52,960 S6: two years ago after a move. And we're concerned that 319 00:16:52,960 --> 00:16:55,800 S6: the money we set aside for him could be wasted. 320 00:16:55,800 --> 00:17:00,240 S6: Or his mother manipulate the money away from him to contrast. Uh, 321 00:17:00,240 --> 00:17:04,080 S6: he has an eight year old little sister where we 322 00:17:04,119 --> 00:17:06,320 S6: want to put the money in a 529 where we 323 00:17:06,320 --> 00:17:10,480 S6: feel it's insulated against misuse since we can remain the 324 00:17:10,480 --> 00:17:12,919 S6: account holders for owners. 325 00:17:14,880 --> 00:17:19,080 S1: Yeah, yeah. So you obviously want to keep this in 326 00:17:19,080 --> 00:17:21,440 S1: a restricted account where it can only be used for 327 00:17:21,440 --> 00:17:25,600 S1: his purpose and specifically related to college. That's where the 328 00:17:25,600 --> 00:17:28,920 S1: 529 comes in. Just because it can only be used 329 00:17:28,920 --> 00:17:33,450 S1: for qualified educational expenses, and there's a beneficiary attached to it. 330 00:17:33,770 --> 00:17:37,250 S1: Kind of the the similar type of account but unrelated 331 00:17:37,250 --> 00:17:40,690 S1: to college would be what's called either a ugma or 332 00:17:40,730 --> 00:17:45,650 S1: a utma account. It's essentially a custodial account, either under 333 00:17:45,650 --> 00:17:48,449 S1: the Uniform Gifts to Minors Act or the Uniform Transfers 334 00:17:48,450 --> 00:17:51,290 S1: to Minors Act. But the idea is that it's an 335 00:17:51,290 --> 00:17:56,930 S1: account you control until the minor reaches his or her 336 00:17:56,970 --> 00:18:01,090 S1: state's age of majority, typically 18, but not always. And 337 00:18:01,090 --> 00:18:04,130 S1: then that gives them the flexibility to use that money 338 00:18:04,130 --> 00:18:07,169 S1: in any way they want. Now, if he would potentially 339 00:18:07,170 --> 00:18:13,250 S1: qualify for need based financial aid, that could work against him, 340 00:18:13,250 --> 00:18:16,770 S1: because in terms of the expected family contribution, that number 341 00:18:16,930 --> 00:18:21,530 S1: that determines need based age eligibility, an asset that's his 342 00:18:21,570 --> 00:18:24,890 S1: which a custodial account would be, is counted against him 343 00:18:24,890 --> 00:18:28,090 S1: at a much higher percentage than an asset owned by 344 00:18:28,090 --> 00:18:30,899 S1: somebody else, including the parents. So that would be the 345 00:18:30,900 --> 00:18:34,980 S1: only downside. But that account structure would, I think, apart from, 346 00:18:35,020 --> 00:18:37,899 S1: let's say, a trust which would be more expensive and 347 00:18:38,260 --> 00:18:40,980 S1: onerous to set up would be the kind of thing 348 00:18:40,980 --> 00:18:43,899 S1: that you're looking for that would ensure that the money 349 00:18:43,900 --> 00:18:47,340 S1: can only be used for his benefit, you know, prior 350 00:18:47,340 --> 00:18:50,180 S1: to the age of majority, and would become his asset 351 00:18:50,180 --> 00:18:53,740 S1: exclusively at the age of majority. Does that make sense? 352 00:18:54,780 --> 00:18:56,900 S6: Yeah, except he's already 18. 353 00:18:58,180 --> 00:19:02,020 S1: Okay. All right. So are you looking to gift some 354 00:19:02,020 --> 00:19:03,820 S1: money to him, or are you looking to put some 355 00:19:03,820 --> 00:19:06,419 S1: money aside and you're wanting him to receive it at 356 00:19:06,420 --> 00:19:08,220 S1: some point in the future when he's older? 357 00:19:09,100 --> 00:19:12,580 S6: I think we'd like to gift it to him and 358 00:19:13,260 --> 00:19:17,300 S6: give it, given the opportunity to learn about money, use 359 00:19:17,300 --> 00:19:20,859 S6: and investing. But we just have this concern that his 360 00:19:20,859 --> 00:19:24,700 S6: mother will somehow get her hands on it and waste it. 361 00:19:26,100 --> 00:19:29,480 S1: Yeah, yeah. Got it. Well, uh, I mean, I think 362 00:19:29,520 --> 00:19:31,920 S1: you could work with him, and, you know, he would 363 00:19:31,920 --> 00:19:36,240 S1: be able to open an account in his name. Uh, only, uh, 364 00:19:36,400 --> 00:19:39,040 S1: and then that money could then be invested. I mean, 365 00:19:39,080 --> 00:19:42,159 S1: she would not with him being, uh, over 18, 18 366 00:19:42,160 --> 00:19:45,439 S1: or older, she would not have the ability to withdraw 367 00:19:45,440 --> 00:19:48,240 S1: it if it was given to him directly, which you 368 00:19:48,240 --> 00:19:52,359 S1: can gift, you know, up to $18,000 per year to 369 00:19:52,400 --> 00:19:55,840 S1: as many individuals as you want. And for married couples, 370 00:19:55,840 --> 00:19:58,160 S1: you can do that twice. Each of you could gift 371 00:19:58,160 --> 00:20:01,240 S1: him $18,000 a year. So he had the ability to 372 00:20:01,280 --> 00:20:05,120 S1: gift him up to $36,000 without even letting the IRS 373 00:20:05,119 --> 00:20:07,160 S1: know you're doing it. If you went above that, it 374 00:20:07,160 --> 00:20:09,679 S1: still wouldn't be taxable. You'd just have to file a 375 00:20:09,720 --> 00:20:11,840 S1: gift tax form and let them know you're doing it, 376 00:20:11,840 --> 00:20:15,000 S1: because it would chip away at your lifetime gift exclusion, 377 00:20:15,000 --> 00:20:18,320 S1: which currently sits at above $13 million. So you'd have 378 00:20:18,320 --> 00:20:20,480 S1: to give a lot of money away to ever have 379 00:20:20,480 --> 00:20:23,600 S1: any tax implications, but that would allow you to gift 380 00:20:23,600 --> 00:20:26,290 S1: it directly to him. Now it's his money goes right 381 00:20:26,290 --> 00:20:29,570 S1: into his, you know, let's say checking account or right 382 00:20:29,570 --> 00:20:32,530 S1: into his brokerage account that he sets up in his 383 00:20:32,530 --> 00:20:35,770 S1: name only, which you could help him do, and his 384 00:20:35,770 --> 00:20:38,050 S1: mom would have no legal access to it at that point. 385 00:20:38,050 --> 00:20:40,050 S1: She couldn't make withdrawals or anything else. 386 00:20:41,050 --> 00:20:43,970 S6: Okay. So it'd really just have to rely upon the 387 00:20:44,369 --> 00:20:50,210 S6: our direct relationship with him and talking about it with him. 388 00:20:50,210 --> 00:20:52,330 S6: And then it's really his. I mean, it's his money 389 00:20:52,330 --> 00:20:54,250 S6: at that point. And what he does with it is 390 00:20:54,250 --> 00:20:54,730 S6: up to him. 391 00:20:54,730 --> 00:20:57,570 S1: Yeah. Okay. Yeah. If he turned around and gave gave 392 00:20:57,570 --> 00:20:59,570 S1: some of it to mom, that would be his prerogative. 393 00:20:59,570 --> 00:21:01,690 S1: But I think the idea would be you'd sit down, 394 00:21:01,730 --> 00:21:03,250 S1: you know, ahead of time and say, listen, I want 395 00:21:03,290 --> 00:21:06,129 S1: to bless you with a gift. Here's my desire. You know, 396 00:21:06,170 --> 00:21:08,330 S1: I want to help you get set up for the future. 397 00:21:08,330 --> 00:21:10,129 S1: I'm going to make a recommendation on what you do 398 00:21:10,130 --> 00:21:13,169 S1: with it. But ultimately, I'm trusting you, as now a 399 00:21:13,170 --> 00:21:16,650 S1: young adult, to take this and use it wisely. And 400 00:21:16,650 --> 00:21:18,450 S1: then I think you need to lay out based on 401 00:21:18,450 --> 00:21:22,250 S1: the time horizon, how you would advise him handling it. 402 00:21:22,250 --> 00:21:25,659 S1: So if he doesn't have an emergency fund or he 403 00:21:25,660 --> 00:21:28,500 S1: has high interest debt, I'd probably use it there first 404 00:21:28,500 --> 00:21:31,180 S1: in either a high yield savings or paying the debt directly. 405 00:21:31,300 --> 00:21:33,500 S1: If it's money you're wanting him to set aside for 406 00:21:33,500 --> 00:21:35,780 S1: the long term and invest, I would want to have 407 00:21:35,820 --> 00:21:38,300 S1: at least a five year time horizon on it. And 408 00:21:38,300 --> 00:21:41,940 S1: then you could use a robo advisor like Schwab Intelligent Portfolios. 409 00:21:41,940 --> 00:21:43,619 S1: But if it's money he's going to need in the 410 00:21:43,619 --> 00:21:46,580 S1: next five years, I'd keep it pretty liquid and pretty safe. 411 00:21:46,580 --> 00:21:48,900 S1: But I think that's the way to go. Hang on 412 00:21:48,900 --> 00:21:50,420 S1: the line, Tim. I want to send you a book 413 00:21:50,420 --> 00:22:00,700 S1: to pass along to him. We'll be right back. So 414 00:22:00,700 --> 00:22:02,460 S1: thankful to have you with us today on Faith and 415 00:22:02,460 --> 00:22:04,940 S1: finance live here on Moody Radio. I'm Rob West. We're 416 00:22:04,940 --> 00:22:07,060 S1: taking your calls and questions and good news. We've got 417 00:22:07,060 --> 00:22:10,180 S1: some lines open for you. That number to call 800 418 00:22:10,220 --> 00:22:15,939 S1: 525 7000. That's 800 525 7000. You can call right now. 419 00:22:16,260 --> 00:22:19,060 S1: Let's go to Georgia. Karen. Go ahead. 420 00:22:20,380 --> 00:22:24,080 S7: Hi, Rob. Thanks for taking my call and for your ministry. Um, 421 00:22:24,080 --> 00:22:28,159 S7: a couple of items for About Me. I have a 422 00:22:28,200 --> 00:22:31,280 S7: my husband and I have a house, a small house, 423 00:22:31,320 --> 00:22:34,639 S7: about 1000 square foot house on 18 acres of land. 424 00:22:34,920 --> 00:22:37,560 S7: We bought it from a gentleman who also has a 425 00:22:37,560 --> 00:22:40,919 S7: house on the property with 17 more acres of land. 426 00:22:40,960 --> 00:22:45,280 S7: So all together he had two houses and, um, 35 427 00:22:45,280 --> 00:22:48,080 S7: acres of land and sold us half of it. Um, 428 00:22:48,080 --> 00:22:50,320 S7: it is mortgage free. We bought it about four and 429 00:22:50,320 --> 00:22:54,720 S7: a half years ago. No mortgage on it. So 100% equity. Um, 430 00:22:54,720 --> 00:22:58,280 S7: I'll be 62 years old next year. So not drawing 431 00:22:58,280 --> 00:23:02,720 S7: Social Security yet? I do have a place where I 432 00:23:02,720 --> 00:23:04,640 S7: go to serve. I don't use the word work. This 433 00:23:04,640 --> 00:23:09,080 S7: is where I serve. And I make about $4,400 a month. 434 00:23:09,119 --> 00:23:12,480 S7: We're living pretty comfortably. My husband's an independent electrician and 435 00:23:12,480 --> 00:23:16,720 S7: just kind of does side jobs, so nothing, um, taxable. 436 00:23:16,920 --> 00:23:20,490 S7: My question is, is we have a non-profit prophet, where 437 00:23:21,010 --> 00:23:24,369 S7: God put on our hearts several hearts several years ago 438 00:23:24,650 --> 00:23:29,570 S7: to build a community or a safe haven shelter for 439 00:23:29,570 --> 00:23:34,890 S7: domestic violence survivors. We don't. We have nothing established yet. 440 00:23:34,890 --> 00:23:36,890 S7: All we have is the one little house. So we 441 00:23:36,890 --> 00:23:39,889 S7: always thought we would build a bigger house, make the 442 00:23:39,890 --> 00:23:44,050 S7: smaller house like a common area, washer and dryer and 443 00:23:44,090 --> 00:23:48,250 S7: kitchen kind of thing. And four days ago, we found 444 00:23:48,250 --> 00:23:50,169 S7: out that the owner of the other part of the 445 00:23:50,170 --> 00:23:53,169 S7: property has moved out of his house and he's selling it. 446 00:23:53,210 --> 00:23:55,090 S7: So we thought, huh, let's go see if we can 447 00:23:55,130 --> 00:23:57,370 S7: buy some of that land where we can build this 448 00:23:57,570 --> 00:24:01,810 S7: safe haven. Um, now he had we have found out 449 00:24:01,810 --> 00:24:04,450 S7: that through the real estate agent, we went and looked 450 00:24:04,490 --> 00:24:07,210 S7: last night at it. The real estate agent has told 451 00:24:07,210 --> 00:24:11,530 S7: us what the list price is, and has said that 452 00:24:11,530 --> 00:24:14,810 S7: the owner has agreed to knock 20% off of the 453 00:24:14,810 --> 00:24:16,930 S7: list price and sell it to us, because he knows 454 00:24:16,930 --> 00:24:19,149 S7: what our heart is and he knows what our mission is. 455 00:24:20,470 --> 00:24:28,270 S7: It's an incredible opportunity. A 35, $320,000 house and property. Um, 456 00:24:28,310 --> 00:24:31,510 S7: it would it would open up so much opportunity for us. 457 00:24:31,550 --> 00:24:35,629 S7: My question is, Rob, is, um, we don't have a 458 00:24:35,630 --> 00:24:37,590 S7: whole lot of savings, but we don't have a whole 459 00:24:37,590 --> 00:24:40,670 S7: lot of debt. Uh, we've got a credit card we're 460 00:24:40,670 --> 00:24:42,950 S7: getting ready to pay off, and we have another one 461 00:24:42,950 --> 00:24:46,470 S7: that we use monthly and pay off monthly. We don't 462 00:24:46,470 --> 00:24:49,830 S7: like paying interest. So the question is, and I know 463 00:24:49,830 --> 00:24:53,750 S7: reverse mortgage is not until I turn 62 I wouldn't 464 00:24:53,750 --> 00:24:58,590 S7: qualify for that. But I'm there next month. Um, so 465 00:24:58,630 --> 00:25:02,790 S7: reverse mortgage and rent out. We could possibly rent out 466 00:25:02,790 --> 00:25:07,109 S7: the smaller house for some additional revenue, or sell the 467 00:25:07,109 --> 00:25:12,390 S7: property and have that liquid assets or finance it. We 468 00:25:12,390 --> 00:25:14,830 S7: really don't know what the wisest choice is, but we 469 00:25:14,830 --> 00:25:19,480 S7: just want to do, Um, were we like God has 470 00:25:19,480 --> 00:25:20,920 S7: led us to do all these years? 471 00:25:22,040 --> 00:25:24,399 S1: Yeah, yeah. Wow, I love it. I love your vision 472 00:25:24,400 --> 00:25:28,199 S1: for this and how amazing. It certainly seems like God's 473 00:25:28,200 --> 00:25:30,200 S1: involvement in this. Just the fact that you could get 474 00:25:30,200 --> 00:25:34,520 S1: this at a 20% discount for the ministry purposes. In fact, uh, 475 00:25:34,520 --> 00:25:37,440 S1: be great if he donated, you know, maybe a portion 476 00:25:37,440 --> 00:25:41,120 S1: of it to the ministry or something like that. But, uh, 477 00:25:41,119 --> 00:25:43,159 S1: at any rate, I realize you've got to have to 478 00:25:43,160 --> 00:25:45,640 S1: finance it to, to pick it up. What is the 479 00:25:45,640 --> 00:25:49,600 S1: status of the nonprofit currently, just in terms of its 480 00:25:49,600 --> 00:25:54,080 S1: ability with how, you know, the history and the financials 481 00:25:54,600 --> 00:25:58,200 S1: separate from your personal finances to perhaps, you know, take 482 00:25:58,200 --> 00:26:01,879 S1: on a loan, uh, as, as nonprofit property. 483 00:26:02,880 --> 00:26:06,600 S7: It's brand new. It's brand new. We just within the 484 00:26:06,600 --> 00:26:11,440 S7: last six months, put it put the property into the nonprofit. 485 00:26:11,440 --> 00:26:12,800 S7: It's the only asset. 486 00:26:14,280 --> 00:26:17,650 S1: Okay. Got it. Uh, yeah. So that's going to make 487 00:26:17,650 --> 00:26:21,609 S1: it a little more challenging, uh, in that the reverse 488 00:26:21,609 --> 00:26:24,050 S1: mortgage is really not going to be an option because 489 00:26:24,050 --> 00:26:27,010 S1: the reverse mortgage can only be used. And I realize 490 00:26:27,010 --> 00:26:28,850 S1: you mentioned you have to wait until 62, but you're 491 00:26:28,850 --> 00:26:31,690 S1: basically there. But it can only be used for your 492 00:26:31,690 --> 00:26:34,890 S1: primary residence. And even if you purchased it and made 493 00:26:34,890 --> 00:26:37,690 S1: it a part of the same parcel, and so you 494 00:26:37,730 --> 00:26:42,050 S1: essentially join your expanded the property, um, you know, large 495 00:26:42,050 --> 00:26:45,889 S1: parcels are allowed in a reverse mortgage, but only part 496 00:26:45,890 --> 00:26:49,210 S1: of that land could be counted toward the loan value. 497 00:26:49,210 --> 00:26:51,130 S1: And that may be okay. You may still be able 498 00:26:51,130 --> 00:26:54,690 S1: to to, you know, make something out of that. But, um, 499 00:26:54,690 --> 00:26:59,050 S1: you know, they would basically say anything that's beyond what's 500 00:26:59,050 --> 00:27:05,210 S1: typical or marketable as a part of the the main residence, um, 501 00:27:05,250 --> 00:27:09,130 S1: would not be able to add value to the reverse mortgage, 502 00:27:09,130 --> 00:27:10,850 S1: so they would kind of limit it just to the 503 00:27:10,850 --> 00:27:14,510 S1: area surrounding your primary residence, and it has to be 504 00:27:14,510 --> 00:27:17,189 S1: a home that you live in. It can't be an 505 00:27:17,190 --> 00:27:20,230 S1: investment property or anything like that. You know, typically what 506 00:27:20,230 --> 00:27:23,950 S1: you would want to do is keep everything separate, because 507 00:27:23,950 --> 00:27:26,310 S1: that's going to ensure that, you know, you don't get 508 00:27:26,310 --> 00:27:29,990 S1: into a position. Uh, you know, where you're putting your 509 00:27:29,990 --> 00:27:34,750 S1: own personal finances and a home in jeopardy if something 510 00:27:34,750 --> 00:27:37,510 S1: were to happen, you know, meaning you no longer have 511 00:27:37,510 --> 00:27:41,270 S1: the ability, uh, to fund it to, to continue to 512 00:27:41,310 --> 00:27:45,990 S1: service the debt. It preserves clean lines so your personal 513 00:27:45,990 --> 00:27:51,590 S1: residence stays separate. The non-profit activities stay separate. The liability 514 00:27:51,630 --> 00:27:54,870 S1: stays separate. If you were ever sued for something, let's 515 00:27:54,869 --> 00:27:57,230 S1: just hope and pray that doesn't happen. But things like 516 00:27:57,230 --> 00:28:00,070 S1: that do happen, especially with people living on the property. 517 00:28:00,390 --> 00:28:03,830 S1: And so there's some legal protections by you keeping everything 518 00:28:04,070 --> 00:28:08,310 S1: separate and then financing that separate, you know, with the 519 00:28:08,350 --> 00:28:12,680 S1: nonprofit property standing alone, you're probably going to have to 520 00:28:12,720 --> 00:28:16,600 S1: almost certainly have to guarantee it personally, but it still 521 00:28:16,600 --> 00:28:19,359 S1: could be held in the name of the nonprofit. You 522 00:28:19,359 --> 00:28:21,600 S1: would need to talk to an attorney about it, and 523 00:28:21,600 --> 00:28:24,880 S1: you would need to have, you know, find a lender 524 00:28:25,160 --> 00:28:28,640 S1: who would be willing, you know, to take this on. Uh, 525 00:28:28,640 --> 00:28:31,359 S1: I mean, there are lenders who specialize in loans to 526 00:28:31,400 --> 00:28:35,080 S1: ministries and non-profits. They generally require 2 to 3 years 527 00:28:35,080 --> 00:28:38,280 S1: of financial history and want stable revenue and a, you know, 528 00:28:38,320 --> 00:28:40,600 S1: a board clearly in place and a budget and a 529 00:28:40,600 --> 00:28:44,120 S1: track record. So that would be mainly a future option. 530 00:28:44,320 --> 00:28:47,719 S1: You could look for a private donor loan, uh, you know, 531 00:28:47,760 --> 00:28:49,959 S1: somebody who would do more of an impact loan or 532 00:28:50,000 --> 00:28:53,880 S1: a missional loan, maybe even at low or no interest 533 00:28:53,880 --> 00:28:57,640 S1: or even forgivable because they buy into the vision of 534 00:28:57,640 --> 00:29:00,280 S1: what you're trying to do. You could raise donations to 535 00:29:00,320 --> 00:29:03,840 S1: purchase the property, uh, because, you know, obviously, even just 536 00:29:03,840 --> 00:29:06,640 S1: with this seller, people are, you know, hearing your vision 537 00:29:06,640 --> 00:29:08,880 S1: for what you're trying to do. And it's something that's 538 00:29:08,880 --> 00:29:12,020 S1: captivating them. And, you know, maybe we start praying that 539 00:29:12,020 --> 00:29:14,500 S1: God really brings those people as you start telling the 540 00:29:14,500 --> 00:29:17,620 S1: story that would be willing to to do that. Uh, 541 00:29:17,620 --> 00:29:20,060 S1: you know what's more common in this situation, although there's 542 00:29:20,060 --> 00:29:23,300 S1: some risk here, is that you buy it personally and 543 00:29:23,340 --> 00:29:25,700 S1: you know you would, because the lender won't loan a 544 00:29:25,700 --> 00:29:29,860 S1: brand new nonprofit any money. There's no revenue, no balance sheet. Um, 545 00:29:29,860 --> 00:29:33,540 S1: you know, you could take on a traditional mortgage for 546 00:29:33,540 --> 00:29:38,260 S1: this property almost as an investment property. Um, and, you know, 547 00:29:38,300 --> 00:29:40,060 S1: then you would just have to have the ability to 548 00:29:40,100 --> 00:29:42,580 S1: qualify for it and then need to make sure that 549 00:29:42,580 --> 00:29:45,980 S1: you're not putting yourself in financial jeopardy, uh, in terms 550 00:29:45,980 --> 00:29:48,900 S1: of getting overextended. If it takes longer for this to 551 00:29:48,900 --> 00:29:51,380 S1: get up and running. Does all that make sense, though? 552 00:29:52,300 --> 00:29:55,860 S7: Yeah, it it does. So would it benefit us to 553 00:29:55,900 --> 00:29:59,300 S7: put the house back that we're in now, back into 554 00:29:59,340 --> 00:30:03,420 S7: our personal name and leave the property in the nonprofit 555 00:30:03,860 --> 00:30:06,700 S7: and then be able to have access to that reverse 556 00:30:07,620 --> 00:30:08,990 S7: mortgage opportunity. 557 00:30:10,350 --> 00:30:12,390 S1: Uh. It could. I mean, I think you just need 558 00:30:12,390 --> 00:30:14,710 S1: to understand what you're doing there, though. You're taking a loan. 559 00:30:14,710 --> 00:30:17,790 S1: That's the home that's free and clear, and, you know, 560 00:30:17,830 --> 00:30:21,510 S1: you're beginning to borrow against it and deplete that equity. 561 00:30:21,950 --> 00:30:24,710 S1: You know, at the end of the day, money is 562 00:30:24,710 --> 00:30:27,030 S1: a tool. And if God's called you to do this, 563 00:30:27,030 --> 00:30:28,910 S1: I'm not in any way going to stand in the 564 00:30:28,910 --> 00:30:31,190 S1: way of it. I love your vision, but I just 565 00:30:31,190 --> 00:30:33,190 S1: want to make sure you've thought through it, perhaps with 566 00:30:33,190 --> 00:30:36,550 S1: some wise counsel, maybe a certified Kingdom advisor, or with 567 00:30:36,550 --> 00:30:39,150 S1: your board to make sure that what you're doing is 568 00:30:39,150 --> 00:30:41,870 S1: God honoring and following his call in your life, but 569 00:30:41,870 --> 00:30:45,110 S1: not putting you in financial jeopardy, if that makes sense. 570 00:30:45,110 --> 00:30:47,430 S1: So stay on the line. Let's talk a bit more, Karen. 571 00:30:47,430 --> 00:30:57,830 S1: We'll be right back on Faith and Finance Live. Hey, 572 00:30:57,830 --> 00:31:00,150 S1: thanks for joining us today on Faith and Finance Live 573 00:31:00,150 --> 00:31:02,030 S1: I'm Rob West. You know, we talked to Karen a 574 00:31:02,030 --> 00:31:04,310 S1: bit more off the air. And you just talked about, 575 00:31:04,350 --> 00:31:06,520 S1: you know, this vision that God has placed on her heart. 576 00:31:06,800 --> 00:31:10,160 S1: As a leader of a nonprofit myself, I know money 577 00:31:10,160 --> 00:31:14,640 S1: follows vision and money follows activities that are clearly on 578 00:31:14,640 --> 00:31:17,080 S1: the heart of God. And and that's, uh, you know, 579 00:31:17,120 --> 00:31:20,560 S1: the vision she has for, uh, helping those in a 580 00:31:20,560 --> 00:31:24,520 S1: desperate situation, uh, with this property and with these homes 581 00:31:24,520 --> 00:31:27,280 S1: that would be constructed, I think is something that for 582 00:31:27,280 --> 00:31:30,840 S1: for people that have capacity and a desire to give, 583 00:31:31,080 --> 00:31:33,600 S1: it's just a matter of telling that story and and 584 00:31:33,600 --> 00:31:36,720 S1: lead with prayer. And and ultimately, God owns the cattle 585 00:31:36,720 --> 00:31:39,160 S1: on a thousand hills. And if he wants it funded, 586 00:31:39,160 --> 00:31:41,160 S1: he'll find a way to fund it. But I would 587 00:31:41,160 --> 00:31:43,080 S1: just say before, and this is what Karen and I 588 00:31:43,080 --> 00:31:46,400 S1: talked about before, you know, you go on and take 589 00:31:46,400 --> 00:31:49,160 S1: your home and mortgage it and put a reverse mortgage 590 00:31:49,160 --> 00:31:52,360 S1: on your residence to fund this. I would, you know, 591 00:31:52,400 --> 00:31:55,280 S1: not prevent God from and obviously, God can do whatever 592 00:31:55,280 --> 00:31:57,560 S1: he wants. We're not going to prevent him from doing anything. 593 00:31:57,560 --> 00:32:01,040 S1: But I just wouldn't miss the opportunity for God to 594 00:32:01,080 --> 00:32:04,680 S1: put a burden on somebody's heart as she gets out 595 00:32:04,780 --> 00:32:07,260 S1: there and starts meeting with people and just saying, can 596 00:32:07,260 --> 00:32:09,020 S1: I put a vision in front of you just to 597 00:32:09,060 --> 00:32:11,260 S1: ask you to pray about whether it's something like you'd 598 00:32:11,260 --> 00:32:13,940 S1: like to be involved in and just see what God does? 599 00:32:13,980 --> 00:32:16,660 S1: It's amazing the amount of money that's out there, the 600 00:32:16,660 --> 00:32:20,420 S1: amount of people looking for ministries to invest in, especially 601 00:32:20,580 --> 00:32:23,660 S1: where they're right down the street, impacting their community, especially 602 00:32:23,660 --> 00:32:27,860 S1: when there's leaders that are personally known to them and trusted. Uh, 603 00:32:27,860 --> 00:32:30,340 S1: don't miss that opportunity for God to move in some 604 00:32:30,340 --> 00:32:33,100 S1: people's lives and allow them to get the blessing of 605 00:32:33,100 --> 00:32:35,540 S1: being involved in what he's going to do in the 606 00:32:35,540 --> 00:32:37,860 S1: days ahead. I hope that's an encouragement to somebody out 607 00:32:37,860 --> 00:32:41,660 S1: there listening today. All right, let's get back to the phones. Minnesota. Christine. 608 00:32:41,700 --> 00:32:42,260 S1: Go ahead. 609 00:32:44,420 --> 00:32:47,940 S8: Thank you so much for taking my call. I appreciate it. 610 00:32:49,020 --> 00:32:50,380 S1: Thank you. You're welcome. 611 00:32:52,020 --> 00:32:56,980 S8: Um, I am a newly widowed. My husband died in February, 612 00:32:57,460 --> 00:33:03,590 S8: and I have the. I know, me too. Thank you. Um, 613 00:33:03,790 --> 00:33:10,790 S8: our home is for sale, and I'm living at the cabin. Um. Uh, 614 00:33:11,190 --> 00:33:15,030 S8: I know that the the home is for sale for 615 00:33:15,030 --> 00:33:18,910 S8: a large amount. I know that I will have some 616 00:33:18,910 --> 00:33:26,150 S8: money to to, um. Be wise with when it sells. 617 00:33:26,430 --> 00:33:34,110 S8: And I'm looking for wisdom and guidance. I, um, have 618 00:33:34,270 --> 00:33:42,070 S8: two children that are married, eight adult grandchildren, and, uh, 619 00:33:42,070 --> 00:33:48,670 S8: three of them are married. Um, four little great grandchildren. 620 00:33:49,190 --> 00:33:55,190 S8: And two of the grandchildren are, uh, in business for themselves. 621 00:33:55,230 --> 00:33:59,910 S8: They're not way deep in business, but I would like 622 00:33:59,910 --> 00:34:05,570 S8: to use the money in many ways. Um, I'm debt free, 623 00:34:05,970 --> 00:34:10,890 S8: which is, um, a rich blessing. God has been really 624 00:34:11,010 --> 00:34:16,370 S8: good to my husband and I and to our family. And, um, 625 00:34:17,969 --> 00:34:21,450 S8: so I and we ha. I have an accountant that 626 00:34:21,450 --> 00:34:27,049 S8: we've had for quite a while. Um, he doesn't necessarily 627 00:34:27,090 --> 00:34:36,330 S8: give investment advice. I've talked with bankers that we've worked with, and, um, 628 00:34:36,969 --> 00:34:41,210 S8: I feel like we've been getting good advice, but this 629 00:34:41,210 --> 00:34:45,209 S8: is a little more money than I have got in 630 00:34:45,210 --> 00:34:51,170 S8: the bank right now. So, um, what would you do? 631 00:34:51,489 --> 00:34:53,969 S1: Yeah, that's really helpful. Christine. Well, I'm so sorry to 632 00:34:53,969 --> 00:34:56,810 S1: hear about your husband's passing. And, um, you know, I 633 00:34:56,810 --> 00:35:00,700 S1: appreciate you just honoring the Lord and calling out his 634 00:35:00,700 --> 00:35:03,020 S1: faithfulness to you and your husband over the years, and 635 00:35:03,020 --> 00:35:05,980 S1: to your family. And and what a privilege to continue 636 00:35:05,980 --> 00:35:09,500 S1: to steward what he's entrusted to you in this next season, 637 00:35:09,500 --> 00:35:12,219 S1: and develop a vision for what God has for you 638 00:35:12,219 --> 00:35:16,580 S1: in the future. That certainly includes the resources that he 639 00:35:16,580 --> 00:35:19,779 S1: has provided and is continuing to provide. Um, I'd love 640 00:35:19,780 --> 00:35:22,500 S1: to just kind of run through, if you don't mind, quickly, 641 00:35:22,540 --> 00:35:26,220 S1: kind of where you're at financially and and talk about 642 00:35:26,260 --> 00:35:29,380 S1: kind of where this, the proceeds of this sale might 643 00:35:29,380 --> 00:35:32,219 S1: fit into that. And so what do you do? You 644 00:35:32,219 --> 00:35:34,060 S1: have some liquid savings right now. 645 00:35:35,540 --> 00:35:43,020 S8: Yes. I, um, I have a CD, a fairly large CD, 646 00:35:43,180 --> 00:35:51,580 S8: over 100,000, um, coming due, um, at the end of December. Um, 647 00:35:51,900 --> 00:35:55,779 S8: and then I have another smaller CD that will be 648 00:35:55,900 --> 00:36:03,910 S8: due mid January, I believe. And it's 30,000, I believe. And, um. 649 00:36:04,590 --> 00:36:08,990 S8: And that will get me through I. Our home is. 650 00:36:09,310 --> 00:36:11,190 S1: Let me let me stay on the savings for a second. 651 00:36:11,230 --> 00:36:13,509 S1: Do you have any liquid savings right now that's not 652 00:36:13,550 --> 00:36:14,630 S1: tied up in the CD? 653 00:36:15,710 --> 00:36:19,069 S8: Yes. Um, I have about 11,000. 654 00:36:19,270 --> 00:36:21,629 S1: Okay, great. And then what are your income sources? 655 00:36:23,190 --> 00:36:24,589 S8: My social security. 656 00:36:24,950 --> 00:36:27,589 S1: Okay. And is that enough for you to live on? 657 00:36:27,590 --> 00:36:29,190 S1: And do you have anything left over at the end 658 00:36:29,190 --> 00:36:29,790 S1: of the month? 659 00:36:30,830 --> 00:36:35,870 S8: Um. It's close. Um, I have about. It's a little 660 00:36:35,870 --> 00:36:42,270 S8: more than 1900, and I try to just be careful. I, um, yeah, I, 661 00:36:42,390 --> 00:36:48,710 S8: I don't I'm not. I don't have, um, expenses other 662 00:36:48,710 --> 00:36:50,790 S8: than everyday expenses. 663 00:36:51,070 --> 00:36:54,670 S1: Got it. Yep. And is this the the survivor's benefit? 664 00:36:54,670 --> 00:36:55,870 S1: The 1900? 665 00:36:55,870 --> 00:36:56,450 S8: Hundred. Yes. 666 00:36:56,690 --> 00:36:59,049 S1: Okay. Yes. Correct. And you said you're debt free, and 667 00:36:59,050 --> 00:37:01,210 S1: that's great. Now you're selling a home. What are you 668 00:37:01,210 --> 00:37:03,610 S1: going to receive in the proceeds of that sale? 669 00:37:05,090 --> 00:37:09,570 S8: Well, it's for sale. 1,075,000. 670 00:37:09,770 --> 00:37:12,649 S1: Okay. And do you. And you don't owe anything on it? 671 00:37:13,690 --> 00:37:14,170 S8: No. 672 00:37:14,489 --> 00:37:16,930 S1: Okay. And where are you headed after you sell it? 673 00:37:18,810 --> 00:37:25,330 S8: I'm living at our cabin, which is, uh, paid for to, um. 674 00:37:25,489 --> 00:37:29,730 S8: And it's it's where I'm planning to live. It's close 675 00:37:29,730 --> 00:37:35,250 S8: to our daughter and her five children and a granddaughter 676 00:37:35,250 --> 00:37:36,529 S8: and her little family. 677 00:37:36,570 --> 00:37:39,609 S1: So I love that. That's great. And so you're going 678 00:37:39,650 --> 00:37:42,810 S1: to have roughly $1 million that you could invest on 679 00:37:42,810 --> 00:37:47,010 S1: a conservative basis, whether that's in a CD or CDs or, 680 00:37:47,170 --> 00:37:50,450 S1: you know, government treasuries or money market or, you know, 681 00:37:50,489 --> 00:37:54,900 S1: a very conservative stock and bond portfolio if you wanted to, 682 00:37:54,940 --> 00:37:57,940 S1: but it sounds like based on your modest living, you've 683 00:37:57,940 --> 00:38:00,620 S1: got more than you're going to need. And so are 684 00:38:00,620 --> 00:38:03,899 S1: you wanting just to try to to safely generate some 685 00:38:03,900 --> 00:38:06,500 S1: income on this? Is that your primary objective? Would you 686 00:38:06,500 --> 00:38:09,300 S1: like to start giving some of it away either to 687 00:38:09,340 --> 00:38:12,660 S1: to ministry or charity or or to the kids? What 688 00:38:12,660 --> 00:38:15,259 S1: is your hope and plan with this million dollars at 689 00:38:15,260 --> 00:38:15,900 S1: this point? 690 00:38:17,020 --> 00:38:20,980 S8: Well, all of the above I would like to give 691 00:38:21,219 --> 00:38:27,819 S8: to to the ministry, to a couple of ministries and um, 692 00:38:28,020 --> 00:38:31,700 S8: to our kids who have been a big help. Yeah. 693 00:38:31,820 --> 00:38:35,940 S8: And then I would like to have a little more income. 694 00:38:36,219 --> 00:38:38,899 S1: Yeah, great. Well, the good news is you should be 695 00:38:38,940 --> 00:38:40,900 S1: absolutely able to do that. I mean, let's say and 696 00:38:40,900 --> 00:38:42,580 S1: I'm not trying to put a number here, but let's 697 00:38:42,580 --> 00:38:46,620 S1: say after expenses, you cleared $1 million and let's say you, 698 00:38:46,780 --> 00:38:49,660 S1: you had, you know, 100,000 worth that you wanted to 699 00:38:49,660 --> 00:38:52,299 S1: start giving away. Remember, you can give away 18,000 a 700 00:38:52,350 --> 00:38:55,189 S1: year per person to as many individuals as you want. 701 00:38:55,190 --> 00:38:57,310 S1: You don't even have to tell the IRS about it. 702 00:38:57,510 --> 00:38:59,670 S1: If you get above that, you still don't pay any tax. 703 00:38:59,670 --> 00:39:02,350 S1: You just have to let them know. Um, but you 704 00:39:02,350 --> 00:39:04,509 S1: could start giving away a little bit of that to 705 00:39:04,550 --> 00:39:07,549 S1: your heirs. You could even do some some charitable giving. 706 00:39:07,550 --> 00:39:10,350 S1: And let's say you ended up with 900,000. I mean, 707 00:39:10,390 --> 00:39:14,310 S1: you could easily pull 4% a year, and you should 708 00:39:14,310 --> 00:39:17,069 S1: be able to maintain the 900,000 for the rest of 709 00:39:17,070 --> 00:39:20,270 S1: your life and still pull 4% a year. That would 710 00:39:20,270 --> 00:39:22,589 S1: be another 3000 a month. And it doesn't sound like 711 00:39:22,590 --> 00:39:26,270 S1: you'd need that much. Um, and so that would potentially 712 00:39:26,270 --> 00:39:30,070 S1: allow you to do even more giving, you know, beyond 100,000. But, um, 713 00:39:30,110 --> 00:39:32,630 S1: you know, I think your next step is, is probably 714 00:39:32,630 --> 00:39:36,750 S1: to connect with a, a certified Kingdom advisor there in Minnesota, 715 00:39:36,790 --> 00:39:39,830 S1: somebody who is an advisor who can help you think 716 00:39:39,830 --> 00:39:42,669 S1: through these issues, help you discover even some of your 717 00:39:42,670 --> 00:39:46,230 S1: passions around the giving that you'd like to do, and 718 00:39:46,230 --> 00:39:49,350 S1: develop a vision for that, both to to ministries as 719 00:39:49,350 --> 00:39:53,370 S1: well as, um, you know, to your, your kids and 720 00:39:53,370 --> 00:39:55,770 S1: develop a plan for that. Also help you make sure 721 00:39:55,770 --> 00:39:59,170 S1: your estate plan is up to date. If any documents 722 00:39:59,210 --> 00:40:01,969 S1: need to be revisited after your husband's passing, that that 723 00:40:01,969 --> 00:40:04,730 S1: could be done. Um, I think that really is the 724 00:40:04,730 --> 00:40:07,850 S1: place to go from here and, you know, to find 725 00:40:07,850 --> 00:40:10,770 S1: a certified Kingdom advisor there in Minnesota, I'd head to 726 00:40:10,810 --> 00:40:16,170 S1: find a com that's find a com, you could do 727 00:40:16,170 --> 00:40:19,090 S1: a zip code search and maybe interview 2 or 3 728 00:40:19,850 --> 00:40:21,649 S1: in the area, find the one that's the best fit. 729 00:40:21,650 --> 00:40:24,049 S1: But the good news is it sounds like you're in 730 00:40:24,050 --> 00:40:27,930 S1: great shape. God has provided for you. Uh, and now 731 00:40:27,930 --> 00:40:31,489 S1: we just need a plan to go alongside the passions 732 00:40:31,489 --> 00:40:35,290 S1: and desires that he's given you. And I'm confident you're 733 00:40:35,290 --> 00:40:38,570 S1: going to be a wonderful steward of these resources. I'd 734 00:40:38,570 --> 00:40:42,050 S1: also like to send you a copy of, uh, issue 735 00:40:42,090 --> 00:40:46,410 S1: three of our magazine. Faithful steward. There's a wonderful. It's 736 00:40:46,450 --> 00:40:50,460 S1: actually a beautiful article written by Valerie Neff Hogan. Her 737 00:40:50,460 --> 00:40:55,899 S1: mom and Valerie started a ministry called Widow Connection for widows. 738 00:40:56,100 --> 00:41:00,299 S1: In this situation, she's an attorney, but she's also been 739 00:41:00,300 --> 00:41:02,739 S1: involved with the National Christian Foundation. But she wrote an 740 00:41:02,739 --> 00:41:06,860 S1: article in there called Financial Next Steps after losing a spouse. 741 00:41:07,180 --> 00:41:10,380 S1: And it walks you through your ten first, your first 742 00:41:10,380 --> 00:41:13,660 S1: ten steps. And then it also helps you determine which 743 00:41:13,660 --> 00:41:16,060 S1: one of the steps is to put a personal board 744 00:41:16,060 --> 00:41:19,660 S1: of directors in place. And and she defines what that is. 745 00:41:19,700 --> 00:41:22,219 S1: And she even tells you how to determine who those 746 00:41:22,219 --> 00:41:25,460 S1: people should be or who you know how to select them. 747 00:41:25,700 --> 00:41:28,380 S1: But I think this article will be a wonderful encouragement 748 00:41:28,380 --> 00:41:30,020 S1: to you. And so I'm going to have my team 749 00:41:30,020 --> 00:41:32,900 S1: send it to you. But how does all that sound, Christine? 750 00:41:33,940 --> 00:41:35,259 S8: I'd love it. Thank you. 751 00:41:35,300 --> 00:41:35,700 S1: Okay. 752 00:41:35,820 --> 00:41:36,580 S8: Thank you. You're welcome. 753 00:41:36,940 --> 00:41:39,580 S1: So I think you're on the right track. Be encouraged. 754 00:41:39,620 --> 00:41:42,460 S1: God has provided. He's there and is going to walk 755 00:41:42,460 --> 00:41:46,180 S1: with you. I'm confident. He has a wonderful plan and 756 00:41:46,180 --> 00:41:49,640 S1: purpose for this next season of your life. Um, and 757 00:41:49,640 --> 00:41:52,320 S1: I'm going to send you this article, so. Or this magazine. 758 00:41:52,320 --> 00:41:54,000 S1: So you stay on the line and then to find 759 00:41:54,000 --> 00:41:57,440 S1: an advisor in your area, just go to find a com. 760 00:41:57,440 --> 00:41:59,560 S1: Thanks for your call today Peter. Let's see if we 761 00:41:59,560 --> 00:42:01,600 S1: can get you scheduled to be first up tomorrow. I 762 00:42:01,600 --> 00:42:04,279 S1: apologize we didn't get to you folks here at the 763 00:42:04,280 --> 00:42:06,800 S1: end of the year. Let me challenge you, encourage you, 764 00:42:06,960 --> 00:42:09,319 S1: ask you if you would come alongside us here at 765 00:42:09,320 --> 00:42:12,560 S1: Faith Fi and the Faith and Finance Live radio program 766 00:42:12,560 --> 00:42:14,919 S1: and support our work. We're headed toward year end, which 767 00:42:14,920 --> 00:42:17,839 S1: is a really important time for every ministry you know 768 00:42:17,840 --> 00:42:21,600 S1: and love. On our way to 175,000, our year end goal, 769 00:42:21,760 --> 00:42:25,000 S1: there's a little more than 90,000 in the door so far. 770 00:42:25,440 --> 00:42:27,279 S1: So we still have a ways to go, but you 771 00:42:27,280 --> 00:42:29,440 S1: can help us get there. And good news every gift 772 00:42:29,440 --> 00:42:31,480 S1: doubled between now and the end of the year. And 773 00:42:31,480 --> 00:42:34,040 S1: with every gift, we'll send you my new devotional, Our 774 00:42:34,040 --> 00:42:38,600 S1: Ultimate Treasure. Go to faith. Give Josh Taylor to hear 775 00:42:38,600 --> 00:42:41,239 S1: an Omar serving us today. Faith and Finance Live is 776 00:42:41,239 --> 00:42:43,799 S1: a partnership between Moody Radio and Faith fi. We'll see 777 00:42:43,800 --> 00:42:44,360 S1: you tomorrow.