1 00:00:08,600 --> 00:00:11,640 S1: J.I. Packer once said, what matters in life is not 2 00:00:11,680 --> 00:00:13,960 S1: what you make of it, but what God makes of 3 00:00:13,960 --> 00:00:17,080 S1: it for you. Hi, I'm Rob West. Do you feel 4 00:00:17,079 --> 00:00:21,239 S1: that contrast most acutely with money? When circumstances change, the 5 00:00:21,239 --> 00:00:25,200 S1: quiet question rises. Will there be enough? Well, culture tells 6 00:00:25,200 --> 00:00:28,600 S1: us to secure peace through Self-provision, we're going to talk 7 00:00:28,640 --> 00:00:31,360 S1: about how Scripture invites us to rest in a father 8 00:00:31,360 --> 00:00:35,080 S1: who provides. And then we'll take your calls at 805, 9 00:00:35,120 --> 00:00:39,520 S1: two five 7000. This is faith and finance. Live biblical 10 00:00:39,520 --> 00:00:46,280 S1: wisdom for your financial decisions. In Matthew 626, Jesus points 11 00:00:46,280 --> 00:00:48,800 S1: our eyes upward. Look at the birds of the air. 12 00:00:48,960 --> 00:00:53,360 S1: Birds don't make quarterly projections or worry about storage barns. 13 00:00:53,360 --> 00:00:56,360 S1: They don't have any rainy day funds or income streams. 14 00:00:56,360 --> 00:01:00,720 S1: And yet Jesus says plainly, your heavenly father feeds them. 15 00:01:00,920 --> 00:01:06,560 S1: His point isn't irresponsibility, it's relationship. Behind all of our planning, earning, 16 00:01:06,560 --> 00:01:09,759 S1: and working is a God who sees, knows, and provides. 17 00:01:10,080 --> 00:01:13,400 S1: Throughout Scripture, this theme is repeated like a drumbeat. When 18 00:01:13,440 --> 00:01:18,200 S1: Abraham walked up a mountain in obedience, prepared to sacrifice Isaac, 19 00:01:18,240 --> 00:01:21,080 S1: God provided a ram in the thicket. When the widow 20 00:01:21,080 --> 00:01:24,880 S1: of Zarephath had only a handful of flour and oil left, 21 00:01:24,920 --> 00:01:28,280 S1: God replenished her jar and jug until the drought ended. 22 00:01:28,440 --> 00:01:31,400 S1: When Peter wondered how they would pay the temple tax, 23 00:01:31,440 --> 00:01:35,119 S1: Jesus sent him fishing, and the exact coin needed was 24 00:01:35,120 --> 00:01:38,080 S1: found in the mouth of the first fish he caught. 25 00:01:38,240 --> 00:01:42,040 S1: From Genesis to Revelation, the message is the same. God's 26 00:01:42,040 --> 00:01:46,960 S1: provision is always precise, purposeful, and personal. Paul affirms this 27 00:01:46,959 --> 00:01:50,400 S1: truth to the generous believers in Philippi. My God will 28 00:01:50,400 --> 00:01:53,760 S1: supply every need of yours according to his riches in 29 00:01:53,760 --> 00:01:58,120 S1: glory in Christ Jesus. Notice what Paul doesn't say. He 30 00:01:58,120 --> 00:02:02,000 S1: doesn't say God will meet every want, preference or wish list. 31 00:02:02,040 --> 00:02:05,120 S1: He says every need and that the supply flows not 32 00:02:05,120 --> 00:02:09,200 S1: from our economy, our paycheck or our portfolio, but from 33 00:02:09,200 --> 00:02:13,400 S1: his riches and glory. Our provision isn't sourced in us, 34 00:02:13,400 --> 00:02:17,680 S1: it's sourced in him. And here's a remarkable detail Jesus 35 00:02:17,680 --> 00:02:21,840 S1: doesn't just provide. Jesus is our provision. I am the 36 00:02:21,840 --> 00:02:24,840 S1: bread of life. Whoever comes to me shall not hunger. 37 00:02:25,160 --> 00:02:28,400 S1: That means peace isn't found in the absence of problems 38 00:02:28,400 --> 00:02:31,080 S1: or in the presence of financial comfort, but in the 39 00:02:31,080 --> 00:02:34,880 S1: presence of Christ. When we forget God is our provider, 40 00:02:34,880 --> 00:02:40,120 S1: we drift into two common traps fear or self-reliance. Fear says, 41 00:02:40,200 --> 00:02:43,760 S1: what if there isn't enough self-reliance? Says, I'll make sure 42 00:02:43,760 --> 00:02:47,400 S1: there's enough. Both cut us off from trust. But the 43 00:02:47,400 --> 00:02:51,000 S1: foundational truth we must stay anchored to is that God 44 00:02:51,000 --> 00:02:53,320 S1: is the source of all we have, not only the 45 00:02:53,320 --> 00:02:56,960 S1: provision itself, but the very power to earn it. As 46 00:02:56,960 --> 00:03:00,200 S1: Moses told the Hebrews, remember the Lord your God, for 47 00:03:00,200 --> 00:03:02,640 S1: it is he who gives you the power to get wealth. 48 00:03:02,960 --> 00:03:07,280 S1: Our abilities, skills, opportunities, and even our work ethic all 49 00:03:07,280 --> 00:03:10,200 S1: of it comes from him. And when we believe that 50 00:03:10,200 --> 00:03:14,320 S1: something shifts, we stop treating financial security as something we 51 00:03:14,320 --> 00:03:18,720 S1: manufacture and begin receiving it as something God provides. And 52 00:03:18,720 --> 00:03:21,919 S1: that kind of trust doesn't make us passive. It frees 53 00:03:21,919 --> 00:03:25,080 S1: us to work, save, and give with joy because God 54 00:03:25,080 --> 00:03:28,840 S1: is the one who provides. Our work, planning, and generosity 55 00:03:28,960 --> 00:03:33,040 S1: become acts of stewardship, not self provision. And once money 56 00:03:33,040 --> 00:03:36,320 S1: is placed into that frame, it becomes a place of 57 00:03:36,320 --> 00:03:40,320 S1: formation rather than fear. When Jesus teaches us to pray 58 00:03:40,320 --> 00:03:44,520 S1: for daily bread, it's not because God lacks resources, it's 59 00:03:44,520 --> 00:03:47,320 S1: because our hearts need to be tethered to the source. 60 00:03:47,520 --> 00:03:52,160 S1: Daily bread cultivates daily trust. It keeps us close. So 61 00:03:52,200 --> 00:03:55,680 S1: ask yourself today, where am I looking for provision? In 62 00:03:55,680 --> 00:03:59,830 S1: my paycheck, in my savings? In my future plans, or 63 00:03:59,950 --> 00:04:02,510 S1: in the hand of a father who feeds the birds 64 00:04:02,510 --> 00:04:05,550 S1: and calls me his child. Maybe you're in a season 65 00:04:05,590 --> 00:04:08,350 S1: of abundance, or maybe you're in a season of need. 66 00:04:08,550 --> 00:04:13,390 S1: Either way, Jesus doesn't just promise provision. He gives himself, 67 00:04:13,390 --> 00:04:15,950 S1: and he invites you to trust him day by day. 68 00:04:16,310 --> 00:04:20,150 S1: When we trade fear for faith, striving for surrender and 69 00:04:20,150 --> 00:04:24,390 S1: self-reliance for dependence, we discover the deep joy of resting 70 00:04:24,390 --> 00:04:28,349 S1: in a father who sees and provides. That's the journey 71 00:04:28,350 --> 00:04:32,030 S1: we explore in my new devotional, Our Ultimate Treasure. It's 72 00:04:32,029 --> 00:04:36,110 S1: a 21 day invitation to trust God as provider, owner, 73 00:04:36,110 --> 00:04:39,830 S1: and treasure in every financial decision. You can pick up 74 00:04:39,830 --> 00:04:42,190 S1: a copy today or place a bulk order for your 75 00:04:42,190 --> 00:04:50,110 S1: church or small group at Faith. That's faith. And if 76 00:04:50,110 --> 00:04:53,270 S1: you're using the Faith app, you'll see snippets that show 77 00:04:53,270 --> 00:04:56,830 S1: up in the first 21 Daily Rhythms. That's right in 78 00:04:56,830 --> 00:04:59,710 S1: the app. We're going to help you establish a new 79 00:04:59,710 --> 00:05:03,910 S1: daily rhythm of seeing your financial decisions intersect with your 80 00:05:03,910 --> 00:05:07,270 S1: faith and your spiritual journey. Check it out today. Head 81 00:05:07,270 --> 00:05:10,190 S1: to your app store and search for Faith fi. That's 82 00:05:10,190 --> 00:05:15,909 S1: faith fi. All right, your calls are next. 800 525 7000. 83 00:05:15,950 --> 00:05:21,110 S1: That's 800 525 7000. This is biblical wisdom for your 84 00:05:21,110 --> 00:05:23,109 S1: financial journey. We'll be right back. 85 00:05:33,990 --> 00:05:37,070 S2: The opinions offered during this program represent the personal or 86 00:05:37,070 --> 00:05:41,470 S2: professional opinions of the participants, given for informational purposes only. 87 00:05:41,630 --> 00:05:45,029 S2: Any information provided is not intended to replace advice from 88 00:05:45,029 --> 00:05:49,510 S2: a financial, medical, legal, or other professional who understands your 89 00:05:49,510 --> 00:05:51,029 S2: specific situation. 90 00:05:58,150 --> 00:06:00,549 S1: Thanks for joining us today on Faith and Finance Live. 91 00:06:00,550 --> 00:06:03,310 S1: I'm Rob West. While we started today by talking about 92 00:06:03,310 --> 00:06:07,390 S1: one of these bedrock ideas that we begin with in 93 00:06:07,390 --> 00:06:11,790 S1: biblical financial stewardship, we start with the understanding that God 94 00:06:11,830 --> 00:06:15,589 S1: owns our God owns everything, and therefore we're stewards. And 95 00:06:15,589 --> 00:06:17,750 S1: right on the heels of that is that God is 96 00:06:17,750 --> 00:06:21,270 S1: our provider, that he is the source of all that 97 00:06:21,270 --> 00:06:25,270 S1: we have. And when we reflect on our current situation, 98 00:06:25,270 --> 00:06:28,950 S1: I think it requires that we begin to ask, where 99 00:06:28,950 --> 00:06:31,550 S1: do I see God's provision show up in my life? 100 00:06:31,550 --> 00:06:34,590 S1: It's everywhere, and maybe I need to stop and make 101 00:06:34,589 --> 00:06:36,909 S1: a list of the things that I'm grateful for today, 102 00:06:36,910 --> 00:06:40,630 S1: just to acknowledge that truth. You know, the Bible reminds 103 00:06:40,630 --> 00:06:43,789 S1: us that God does not change. He's always glorious and 104 00:06:43,790 --> 00:06:47,909 S1: loving and faithful and just and good. He always provides 105 00:06:47,910 --> 00:06:50,990 S1: not what we think we want, but what we really need. 106 00:06:51,230 --> 00:06:54,030 S1: And as we reflect on his provision in our life, 107 00:06:54,310 --> 00:06:58,150 S1: we have to consider how now experiencing his care has 108 00:06:58,150 --> 00:07:01,790 S1: impacted our trust in him. You know, in what ways 109 00:07:01,990 --> 00:07:05,790 S1: has God's provision strengthened your faith? Maybe you've never just 110 00:07:05,790 --> 00:07:09,429 S1: stopped to acknowledge that. And as we see his hand 111 00:07:09,430 --> 00:07:13,990 S1: of provision and protection, the natural response should be greater 112 00:07:13,990 --> 00:07:17,710 S1: trust and dependence. You know, Jesus invites us to pray 113 00:07:17,710 --> 00:07:21,550 S1: for daily bread in Matthew 611, not monthly, not annually, 114 00:07:21,550 --> 00:07:24,950 S1: but daily. In that kind of prayer shapes our hearts 115 00:07:24,950 --> 00:07:28,710 S1: to stay close to the source. So what would change 116 00:07:28,710 --> 00:07:31,710 S1: in your heart or habits if you truly relied on 117 00:07:31,710 --> 00:07:35,230 S1: God for your needs each day? That's what I would 118 00:07:35,230 --> 00:07:38,390 S1: challenge you with today as we are reminded of this 119 00:07:38,390 --> 00:07:43,310 S1: really important, I would say life altering truth that God 120 00:07:43,310 --> 00:07:46,950 S1: is the source of all that we have. Well, today 121 00:07:46,950 --> 00:07:49,550 S1: we want to be reminded of that in light of 122 00:07:49,550 --> 00:07:51,830 S1: the things that are going on in your financial life. 123 00:07:51,830 --> 00:07:54,830 S1: And we're here to answer those questions. And so when 124 00:07:54,830 --> 00:07:59,750 S1: you call 805, two, five 7000, we'll dive into those questions. 125 00:07:59,750 --> 00:08:02,230 S1: We've got a few lines open at the moment. They 126 00:08:02,230 --> 00:08:04,670 S1: will fill up. So now is a great time to call. 127 00:08:04,670 --> 00:08:08,550 S1: We will begin taking those calls in just a bit. 128 00:08:08,590 --> 00:08:14,670 S1: Again that number 800 525 7000. Well the global markets 129 00:08:14,670 --> 00:08:19,830 S1: opened sharply lower today after this weekend escalation in the 130 00:08:19,830 --> 00:08:24,350 S1: Middle East coordinated US and Israeli strike on Iran. That 131 00:08:24,350 --> 00:08:29,590 S1: of course, heightened geopolitical tensions. Investors quickly moved into safe 132 00:08:29,590 --> 00:08:34,190 S1: haven assets, reflecting concerns about, of course, regional instability and 133 00:08:34,190 --> 00:08:38,790 S1: its economic ripple effects. I will say the market rebounded 134 00:08:38,790 --> 00:08:42,630 S1: pretty well for the S&P to close flat, uh, coming 135 00:08:42,630 --> 00:08:46,390 S1: off of those lows as traders bought the dip in 136 00:08:46,429 --> 00:08:50,310 S1: the wake of, uh, this, uh, conflict that has really 137 00:08:50,309 --> 00:08:54,429 S1: escalated into all out war. Uh, energy markets were hit 138 00:08:54,429 --> 00:08:58,750 S1: the hardest. Brent crude surged more than 13%, up over 139 00:08:58,750 --> 00:09:02,750 S1: $82 a barrel. Um, if, uh, we see a prolonged 140 00:09:02,750 --> 00:09:08,030 S1: disruption that could push prices toward $100 a barrel, underscoring 141 00:09:08,030 --> 00:09:14,630 S1: the strategic importance of American energy independence. The Revolutionary Guard 142 00:09:14,630 --> 00:09:18,030 S1: in Iran effectively closed the Strait of Hormuz, which is 143 00:09:18,030 --> 00:09:23,990 S1: that critical passageway for roughly 20% of the world's seaborne oil, uh, 144 00:09:23,990 --> 00:09:28,829 S1: stock futures. Uh, of course, moving all around throughout the day, 145 00:09:28,830 --> 00:09:33,310 S1: but again, coming off of those lows to basically close, uh, 146 00:09:33,309 --> 00:09:37,189 S1: flat to slightly down on the Dow Jones. You know, 147 00:09:37,230 --> 00:09:41,229 S1: when world events like these feel overwhelming and financial uncertainty 148 00:09:41,309 --> 00:09:45,830 S1: hits close to home, God invites us into his steady presence. 149 00:09:46,070 --> 00:09:49,150 S1: Let me remind you of Psalm 46 one God is 150 00:09:49,150 --> 00:09:53,470 S1: our refuge and strength, an ever present help in trouble. 151 00:09:53,470 --> 00:09:57,230 S1: So while economies may shake, the Lord remains sovereign over 152 00:09:57,270 --> 00:10:01,829 S1: nations and history. This is an opportunity to pray for peace, 153 00:10:01,830 --> 00:10:07,150 S1: for wise leadership, and for those directly affected by this conflict, 154 00:10:07,429 --> 00:10:10,990 S1: while placing our trust not in shifting markets, but in 155 00:10:10,990 --> 00:10:15,390 S1: the unchanging faithfulness of God our Father. And so I 156 00:10:15,390 --> 00:10:18,190 S1: hope that's a good reminder for you today. All right. 157 00:10:18,190 --> 00:10:20,310 S1: We're going to dive into your questions today. Uh, the 158 00:10:20,309 --> 00:10:25,069 S1: phone number to call 800 525 7000. Uh, we'll begin 159 00:10:25,070 --> 00:10:27,790 S1: with Sherry in Akron. Go right ahead. Um. 160 00:10:28,510 --> 00:10:32,429 S3: Yeah. So my aunt passed in August of last year. Um, 161 00:10:32,750 --> 00:10:35,429 S3: she had a mortgage of 20 something left. I had 162 00:10:35,429 --> 00:10:38,949 S3: just been paying her mortgage. However, um, you know, once 163 00:10:38,950 --> 00:10:42,430 S3: they found out she was deceased, you know, let them know. Um, 164 00:10:42,550 --> 00:10:44,990 S3: I needed to know. How do I do a how 165 00:10:44,990 --> 00:10:48,830 S3: do I get the house put into my name and 166 00:10:48,870 --> 00:10:52,710 S3: I can't find homeowner's insurance paperwork? Um, she was kind 167 00:10:52,710 --> 00:10:56,140 S3: of a hoarder, so I can't find the paperwork. And 168 00:10:56,140 --> 00:10:59,020 S3: so I also need to know how would I go 169 00:10:59,020 --> 00:11:03,660 S3: about getting homeowners insurance. Um, in the meantime, because I 170 00:11:03,700 --> 00:11:06,220 S3: can't get a lawyer to help me with probate stuff 171 00:11:06,220 --> 00:11:10,459 S3: for a little while, I just started a job today. So, um, yeah, 172 00:11:10,500 --> 00:11:12,460 S3: I'm not sure what to do to try to keep 173 00:11:12,460 --> 00:11:14,940 S3: the home. She had no husband or children, and I'm 174 00:11:14,940 --> 00:11:16,980 S3: her next oldest living relative. 175 00:11:17,300 --> 00:11:19,980 S1: Okay. Yeah. Let me ask you a couple of questions here. 176 00:11:19,980 --> 00:11:22,939 S1: And I'm so sorry to hear about your aunt's passing. Uh, 177 00:11:22,980 --> 00:11:26,500 S1: first question would be about the deed. Are you already 178 00:11:26,500 --> 00:11:30,140 S1: on the deed? Was there joint ownership of some kind? Okay. 179 00:11:30,179 --> 00:11:32,780 S1: All right, so it was in her name only. And 180 00:11:32,780 --> 00:11:35,500 S1: was there any kind of transfer on death in place 181 00:11:35,500 --> 00:11:37,620 S1: that allows this to pass directly to you? 182 00:11:38,940 --> 00:11:41,900 S3: Uh, I just found. I found in some of her paperwork. 183 00:11:41,900 --> 00:11:45,500 S3: I just found a typed up letter, not notarized. I 184 00:11:45,540 --> 00:11:47,300 S3: found that she was kind of a hoarder, so I 185 00:11:47,300 --> 00:11:50,020 S3: haven't thought much. But what I did was just. I 186 00:11:50,059 --> 00:11:51,980 S3: typed up a letter saying that it would go to 187 00:11:52,020 --> 00:11:55,380 S3: me in the event of her death. And if in 188 00:11:55,380 --> 00:11:57,740 S3: the event of something happened to me, to my oldest son. 189 00:11:58,220 --> 00:12:01,940 S1: Okay. All right. So, uh, you are under the impression 190 00:12:01,940 --> 00:12:05,580 S1: that there was no will that was filed with the 191 00:12:05,580 --> 00:12:07,140 S1: probate court. Is that right? 192 00:12:07,380 --> 00:12:08,140 S3: Correct. 193 00:12:08,540 --> 00:12:12,260 S1: Okay. Yeah. So, um, you know, a type letter that 194 00:12:12,260 --> 00:12:15,860 S1: is not notarized and not signed as a legal will 195 00:12:15,900 --> 00:12:18,740 S1: is usually not enough to transfer a house. You're going 196 00:12:18,780 --> 00:12:21,179 S1: to want to get legal advice. I'm not an attorney, 197 00:12:21,179 --> 00:12:24,220 S1: but I'll just kind of tell you generally, um, you know, 198 00:12:24,260 --> 00:12:27,980 S1: even without notarization, some states will allow a will to 199 00:12:28,020 --> 00:12:31,459 S1: be valid if it's signed and witnessed by two people, 200 00:12:31,460 --> 00:12:36,260 S1: even without, uh, notarization. Um, so I think you need 201 00:12:36,260 --> 00:12:39,660 S1: to get some counsel on that. It's likely not going 202 00:12:39,660 --> 00:12:42,220 S1: to be treated as a valid will. So if no 203 00:12:42,220 --> 00:12:46,940 S1: valid will, then your aunt passed in the legal term 204 00:12:46,940 --> 00:12:52,780 S1: is intestate. And that would then prompt intestate succession. So 205 00:12:52,780 --> 00:12:56,940 S1: that means the state decides who inherits and typically the 206 00:12:56,940 --> 00:13:00,780 S1: order would be spouse, then children, then parents and siblings, 207 00:13:00,780 --> 00:13:05,140 S1: then nieces or nephews. So if you are a niece 208 00:13:05,140 --> 00:13:07,780 S1: or a nephew and she had no spouse, no children, 209 00:13:07,780 --> 00:13:10,940 S1: no living parents, you may inherit, but it has to 210 00:13:10,980 --> 00:13:13,940 S1: go through probate. So the house can't just be put 211 00:13:13,940 --> 00:13:17,219 S1: in your name. Someone would have to open probate in 212 00:13:17,220 --> 00:13:21,540 S1: the county where she lived, be appointed as a personal representative. 213 00:13:21,780 --> 00:13:24,340 S1: The court would then determine the heirs. The court would 214 00:13:24,340 --> 00:13:27,500 S1: authorize the transfer, and then a new deed would be 215 00:13:27,500 --> 00:13:30,620 S1: recorded in the name of the inheritor. But this is 216 00:13:30,620 --> 00:13:33,700 S1: all done through the probate court, so you'll likely need 217 00:13:33,700 --> 00:13:38,580 S1: a probate attorney unless the estate qualifies for a small 218 00:13:38,580 --> 00:13:43,620 S1: estate affidavit, which real estate usually exceeds that. So I 219 00:13:43,620 --> 00:13:46,980 S1: wouldn't try to transfer the deed yourself. Uh, you really 220 00:13:46,980 --> 00:13:51,020 S1: do need to work through probate court as the next step. Um, 221 00:13:51,059 --> 00:13:53,460 S1: and you won't be able to do anything with regarding 222 00:13:53,700 --> 00:13:58,500 S1: homeowners insurance until this property is retitled and with a 223 00:13:58,500 --> 00:14:00,820 S1: new deed. But that's going to be subject to the 224 00:14:00,820 --> 00:14:04,020 S1: probate court doing its work. So I think your next 225 00:14:04,020 --> 00:14:08,740 S1: call is, uh, to reach out to a probate attorney, 226 00:14:09,140 --> 00:14:11,780 S1: and they're going to have to open probate in the 227 00:14:11,780 --> 00:14:15,940 S1: county where she lived to get all these pieces moving forward. Sherry, 228 00:14:15,980 --> 00:14:17,820 S1: thanks for your call today. If we can help further, 229 00:14:17,820 --> 00:14:26,700 S1: call back any time. We'll be right back. Great to 230 00:14:26,700 --> 00:14:28,780 S1: have you with us today on Faith and finance live. 231 00:14:28,780 --> 00:14:31,780 S1: I'm Rob West. We're taking your calls and questions today. Uh, 232 00:14:31,820 --> 00:14:34,700 S1: we've got looks like two lines open. They're filling up fast. 233 00:14:34,740 --> 00:14:36,660 S1: If you've got a question you can call right now 234 00:14:36,660 --> 00:14:43,980 S1: 800 525 7000. Again, that's 800 525 7000. Uh, let's 235 00:14:43,980 --> 00:14:46,380 S1: head back to the phones to Florida. Sure. Go ahead. 236 00:14:46,660 --> 00:14:48,340 S4: Hi, Rob. How are you today? 237 00:14:48,460 --> 00:14:50,220 S1: I'm doing great. Thank you for your call. 238 00:14:50,900 --> 00:14:53,500 S4: Okay, I have a little bit of a dilemma here. 239 00:14:53,500 --> 00:14:59,180 S4: I just retired and I don't have any, uh, IRA or, uh, savings, 240 00:14:59,180 --> 00:15:04,940 S4: except for about $15,000, which is an emergency fund. Okay. Um, my, 241 00:15:05,260 --> 00:15:08,420 S4: I have, uh, my total what I get from Social 242 00:15:08,420 --> 00:15:12,780 S4: Security and partial pension is only about $3,000 a month, 243 00:15:12,780 --> 00:15:16,780 S4: but I don't have any debt, so my total expenses 244 00:15:16,780 --> 00:15:20,060 S4: are about $2,600 a month. So that leaves me a 245 00:15:20,060 --> 00:15:24,780 S4: little bit of money. I have about three grand extra 246 00:15:24,940 --> 00:15:27,820 S4: that I'd like to invest somewhere, but I don't know where. 247 00:15:27,860 --> 00:15:30,460 S4: And I need a little bit of faith based, uh, 248 00:15:30,460 --> 00:15:33,260 S4: guidance to see what I can do with that. 249 00:15:33,300 --> 00:15:36,620 S1: Yeah. Very good. Well, I appreciate that. And I'm thrilled 250 00:15:36,620 --> 00:15:39,700 S1: to hear your debt free. You're obviously living below your means. 251 00:15:39,700 --> 00:15:42,540 S1: That's really good. And you've got six months worth of 252 00:15:42,540 --> 00:15:45,580 S1: emergency reserves. Is that in a high yield savings account? 253 00:15:45,580 --> 00:15:46,380 S1: Where is that? 254 00:15:47,460 --> 00:15:50,660 S4: Uh, that is in a high yield savings account. Yes. 255 00:15:50,860 --> 00:15:54,660 S1: Okay, great. Yeah. And so this money that you've got, um, 256 00:15:54,660 --> 00:15:57,420 S1: you know, if you're wanting to put it to work, um, 257 00:15:57,540 --> 00:16:00,180 S1: let me ask, do you have any earned income? Are 258 00:16:00,180 --> 00:16:02,900 S1: you working at all or is it just Social Security? 259 00:16:02,980 --> 00:16:07,660 S4: No, I am, I substitute for, uh, the county, uh, 260 00:16:07,660 --> 00:16:12,060 S4: education department, but that's at my own convenience, so it's 261 00:16:12,060 --> 00:16:16,420 S4: not anything totally committed. Like I work once, two times 262 00:16:16,420 --> 00:16:19,060 S4: a week, something like that. So I don't even count 263 00:16:19,060 --> 00:16:22,580 S4: that as real income. Except when I need a little extra. 264 00:16:22,620 --> 00:16:25,260 S1: Yeah. No. That's great. Well, the reason I'm asking is 265 00:16:25,260 --> 00:16:28,260 S1: it does give you an option with earned income to 266 00:16:28,300 --> 00:16:31,700 S1: put this into a Roth IRA, because as long as 267 00:16:31,700 --> 00:16:35,060 S1: you're still working and you've got at least $2,000, if 268 00:16:35,060 --> 00:16:37,340 S1: that's what you're looking to invest, if you've got at 269 00:16:37,340 --> 00:16:39,900 S1: least 2000 and earned income for the year, then you 270 00:16:39,900 --> 00:16:43,380 S1: could put that 2000 into Roth and that would just 271 00:16:43,380 --> 00:16:47,500 S1: allow it to grow. If you invested it tax free now, 272 00:16:47,660 --> 00:16:50,820 S1: the gains will only come out tax free if that 273 00:16:50,820 --> 00:16:53,380 S1: account has been open five years. So you're going to 274 00:16:53,380 --> 00:16:54,980 S1: have to let it sit there for five years. You 275 00:16:54,980 --> 00:16:59,420 S1: can always get the original contributions back, no problem, because 276 00:16:59,420 --> 00:17:03,100 S1: that's after tax money. But any of the gains, in 277 00:17:03,100 --> 00:17:05,180 S1: order for you to get that out without paying any 278 00:17:05,180 --> 00:17:08,619 S1: tax on the growth and the investments, you're going to 279 00:17:08,619 --> 00:17:11,219 S1: have to have it open five years. I will say, though, 280 00:17:11,580 --> 00:17:13,979 S1: if you don't have at least a five year time horizon, 281 00:17:13,980 --> 00:17:16,580 S1: we shouldn't be investing this in the stock market anyway, 282 00:17:16,820 --> 00:17:19,820 S1: because in any given month or quarter or year or 283 00:17:19,859 --> 00:17:22,899 S1: couple of years, the market could be down dramatically. And 284 00:17:22,940 --> 00:17:25,980 S1: you wouldn't want to need this money and be forced 285 00:17:26,020 --> 00:17:28,460 S1: to sell at a loss. So I think that's the 286 00:17:28,460 --> 00:17:30,540 S1: next question. I love that you're debt free. I love 287 00:17:30,540 --> 00:17:32,940 S1: that you're living within your means. I love that you've 288 00:17:32,940 --> 00:17:36,420 S1: got six months in emergency reserves. But do you see 289 00:17:36,619 --> 00:17:40,379 S1: foresee any need for this money in, let's say, less 290 00:17:40,380 --> 00:17:43,020 S1: than five years? You need to replace an automobile, or 291 00:17:43,020 --> 00:17:45,260 S1: you might have a major repair on the house or 292 00:17:45,380 --> 00:17:48,419 S1: something like that, because if that's the case, then we 293 00:17:48,420 --> 00:17:51,890 S1: want to stay on the more conservative end of the 294 00:17:51,890 --> 00:17:57,129 S1: options to grow this, like CDs or something like that. 295 00:17:57,130 --> 00:17:59,609 S1: But if you're saying no, Rob, this is not money 296 00:17:59,609 --> 00:18:02,010 S1: I plan to touch for a minimum of five years. 297 00:18:02,010 --> 00:18:04,330 S1: Better yet, ten well then all of a sudden we 298 00:18:04,330 --> 00:18:06,770 S1: could look at you, you know, putting this to work 299 00:18:06,770 --> 00:18:10,090 S1: in some mutual funds or exchange traded funds so you 300 00:18:10,090 --> 00:18:14,610 S1: could try to grow it, outpace inflation, and hopefully, you know, 301 00:18:14,650 --> 00:18:16,650 S1: begin to build a little bit of a nest egg 302 00:18:16,650 --> 00:18:18,929 S1: that you could tap into down the road. But give 303 00:18:18,970 --> 00:18:20,050 S1: me your thoughts on that. 304 00:18:20,090 --> 00:18:24,050 S4: Yeah. No, I actually will be needing it. Um, uh, 305 00:18:24,570 --> 00:18:28,169 S4: well not really soon, but I do have two side hustle, uh, 306 00:18:28,170 --> 00:18:32,409 S4: businesses that need reproduction of the product from time to time. 307 00:18:32,410 --> 00:18:35,690 S4: So I will need to be able to touch the 308 00:18:35,690 --> 00:18:38,649 S4: money a little bit because the businesses are just new 309 00:18:38,650 --> 00:18:41,850 S4: and they're just growing, you know? So I need to 310 00:18:41,890 --> 00:18:44,730 S4: put it into something that I could actually get a 311 00:18:44,770 --> 00:18:47,170 S4: handle on from time to time. Yeah. 312 00:18:47,369 --> 00:18:50,730 S1: So I wouldn't invest it then, because the reality is, 313 00:18:50,770 --> 00:18:53,570 S1: I mean, you know what happened this weekend with, you know, 314 00:18:53,609 --> 00:18:58,010 S1: the US and Israel, uh, you know, in terms of the, uh, 315 00:18:58,010 --> 00:19:01,650 S1: the war with Iran is a great example of, you know, 316 00:19:01,690 --> 00:19:05,610 S1: what can cause, uh, you know, major, you know, temporary 317 00:19:05,609 --> 00:19:08,290 S1: disruptions in the stock market. And if you put this 318 00:19:08,290 --> 00:19:11,330 S1: in the market and some event caused the market to 319 00:19:11,369 --> 00:19:15,130 S1: go down 20 or 30%, and that happens on a fairly, 320 00:19:15,369 --> 00:19:19,250 S1: you know, normal cycle. Now, those cycles may be decades long, 321 00:19:19,250 --> 00:19:22,290 S1: but they do happen. We wouldn't want you to have 322 00:19:22,290 --> 00:19:26,610 S1: to sell your investments at a loss for less than 323 00:19:26,609 --> 00:19:29,970 S1: you invested because you need the money, and especially with 324 00:19:29,970 --> 00:19:33,810 S1: a small business kind of gig side job. You know, 325 00:19:33,850 --> 00:19:37,650 S1: small businesses need working capital. And if this is your 326 00:19:37,650 --> 00:19:41,649 S1: working capital beyond your personal emergency fund, then this needs 327 00:19:41,650 --> 00:19:44,969 S1: to probably stay in that same high yield savings account. 328 00:19:45,210 --> 00:19:48,330 S1: So it's earning some interest, which fortunately you can still 329 00:19:48,330 --> 00:19:52,490 S1: get 4% right now with, you know, very high degree 330 00:19:52,490 --> 00:19:56,290 S1: of safety. Um, but it's also very liquid, which means 331 00:19:56,290 --> 00:19:57,810 S1: you can get to it and you don't have to 332 00:19:57,810 --> 00:20:01,370 S1: worry about you having a loss in principle. So what 333 00:20:01,369 --> 00:20:03,810 S1: I might look at is either just putting it where 334 00:20:03,810 --> 00:20:07,370 S1: you've got your emergency fund and adding it, or you 335 00:20:07,369 --> 00:20:09,610 S1: could look at another option. I mean, for instance, Christian 336 00:20:09,609 --> 00:20:13,970 S1: Community Credit Union, the largest Christian banking solution in the country, 337 00:20:14,250 --> 00:20:17,369 S1: has a 4% money market and they have up to 338 00:20:17,410 --> 00:20:20,490 S1: a $400 bonus right now for Faith fi listeners. So 339 00:20:20,609 --> 00:20:23,370 S1: that would be a great option that's aligned with your 340 00:20:23,369 --> 00:20:27,409 S1: faith values, giving you a good rate of return with 341 00:20:27,530 --> 00:20:30,889 S1: insurance protected money. Um, and so if you wanted to 342 00:20:30,890 --> 00:20:34,889 S1: check that out, you could go to faith banking. But 343 00:20:34,890 --> 00:20:38,850 S1: something like that that's very stable, very liquid with a 344 00:20:38,850 --> 00:20:41,170 S1: good yield is really, I think, what you're looking for, 345 00:20:41,170 --> 00:20:42,570 S1: given what you've described. 346 00:20:42,609 --> 00:20:45,930 S4: Got it. Thank you so much for your biblical advice 347 00:20:45,930 --> 00:20:49,130 S4: I appreciate it. Have a great afternoon. 348 00:20:50,090 --> 00:20:52,330 S1: Bless you. Sherry. Thank you for your call today. We 349 00:20:52,330 --> 00:20:55,570 S1: appreciate you very much. Thanks for being on the program. 350 00:20:55,609 --> 00:20:58,850 S1: 800 525 7000 is the number to call. We're headed 351 00:20:58,850 --> 00:21:00,850 S1: up against our next break here. When we come back, 352 00:21:00,850 --> 00:21:03,810 S1: we'll head down to Florida and talk to Scott. We'll 353 00:21:03,810 --> 00:21:07,010 S1: also connect with Anthony, who's in Florida as well, down 354 00:21:07,010 --> 00:21:10,810 S1: in my hometown of Fort Lauderdale. And followed by that, 355 00:21:10,810 --> 00:21:13,369 S1: Joshua's in Fort Lauderdale as well. A lot of Florida 356 00:21:13,369 --> 00:21:16,210 S1: folks listening today, which is great. Uh, we love hearing 357 00:21:16,210 --> 00:21:19,169 S1: from folks all over the country. Well, you know, at 358 00:21:19,170 --> 00:21:22,290 S1: the this program, each day, our goal to be an 359 00:21:22,290 --> 00:21:25,170 S1: encouragement to you, to point you back to God's word, 360 00:21:25,290 --> 00:21:28,449 S1: to help you realize that in the most prosperous nation 361 00:21:28,450 --> 00:21:31,090 S1: in the history of the world, we have an opportunity 362 00:21:31,090 --> 00:21:33,770 S1: to manage God's money. Now, listen, you may be in 363 00:21:33,770 --> 00:21:36,489 S1: a season of of struggle right now. You may be 364 00:21:36,490 --> 00:21:39,330 S1: in a season of plenty. But wherever you are, we 365 00:21:39,330 --> 00:21:41,450 S1: want you to see God as your ultimate treasure and 366 00:21:41,450 --> 00:21:44,290 S1: follow his wisdom from the Bible as you manage his money. 367 00:21:51,290 --> 00:21:53,690 S1: Thanks for joining us today on Faith and Finance Live 368 00:21:53,690 --> 00:21:56,010 S1: I'm Rob West. We've got a lot of great questions 369 00:21:56,010 --> 00:21:58,890 S1: stacked up here. So let's dive right back in. We'll 370 00:21:58,890 --> 00:22:01,010 S1: head down to Florida Scott go ahead. 371 00:22:01,290 --> 00:22:03,490 S5: Hi, Rob. Thanks for taking my call. I just think 372 00:22:03,530 --> 00:22:07,250 S5: your advice is five stars. I'm a single guy. I'm 71. 373 00:22:07,250 --> 00:22:11,050 S5: I have no children, no obligations. My house is paid for. Uh, 374 00:22:11,050 --> 00:22:13,810 S5: I have about 1.5 million in investments. I really don't 375 00:22:13,810 --> 00:22:16,770 S5: have an emergency fund. I live very frugally because I 376 00:22:16,770 --> 00:22:20,050 S5: came from nothing. And I really, really am fearful of 377 00:22:20,050 --> 00:22:23,050 S5: not depending on the government. I want to stay independent 378 00:22:23,090 --> 00:22:24,889 S5: as long as I can. I want to be a 379 00:22:24,890 --> 00:22:26,770 S5: good steward to the money because I know really, it 380 00:22:26,770 --> 00:22:29,050 S5: was given to me by God, not me making it. 381 00:22:29,090 --> 00:22:31,449 S5: I mean, I really believe that. So I'd like to 382 00:22:31,490 --> 00:22:33,649 S5: know if I should convert any of my money into 383 00:22:33,650 --> 00:22:36,090 S5: a Roth at my age, or should I just keep 384 00:22:36,090 --> 00:22:39,010 S5: it in the stock market? And I'm driving a 20 385 00:22:39,050 --> 00:22:41,610 S5: year old car. My boat's 30 years old, so I 386 00:22:41,609 --> 00:22:44,810 S5: think I'll be looking to be spending some money here 387 00:22:44,810 --> 00:22:46,810 S5: pretty soon. I think I've worn them both out. 388 00:22:47,369 --> 00:22:49,169 S1: Have you ever read the book or heard of the 389 00:22:49,170 --> 00:22:54,770 S1: book The Millionaire Next Door? Yes, yes. That's you driving 390 00:22:54,810 --> 00:22:58,250 S1: a 30 year old car and living modestly. I love it, 391 00:22:58,250 --> 00:23:01,090 S1: but now what an opportunity as you think about that, 392 00:23:01,090 --> 00:23:04,490 S1: in light of your stewardship responsibility, that this doesn't belong 393 00:23:04,530 --> 00:23:07,250 S1: to you. It belongs to God. He's seen fit to 394 00:23:07,290 --> 00:23:10,290 S1: entrust it to you, Scott, for your care. And so 395 00:23:10,290 --> 00:23:13,570 S1: the question is, what? How much is enough? So what 396 00:23:13,570 --> 00:23:17,250 S1: is my financial finish line for my lifestyle? Meaning, how 397 00:23:17,250 --> 00:23:19,170 S1: much am I going to spend? Usually we think about 398 00:23:19,170 --> 00:23:21,609 S1: that in terms like like a monthly amount. Or you 399 00:23:21,609 --> 00:23:24,570 S1: might think of it as an annual amount. And it 400 00:23:24,570 --> 00:23:26,810 S1: it may be just the way you've been living all 401 00:23:26,810 --> 00:23:30,010 S1: these years. You may say, yeah, that's enough. And then 402 00:23:30,010 --> 00:23:34,209 S1: we can take that lifestyle finish line, and then we 403 00:23:34,210 --> 00:23:37,250 S1: can extrapolate that out to say, okay, how much would 404 00:23:37,250 --> 00:23:42,649 S1: we reasonably need in on your balance sheet in investments 405 00:23:42,770 --> 00:23:45,770 S1: to support that lifestyle for the rest of your life. 406 00:23:46,050 --> 00:23:48,930 S1: And then the rest we give away. And the Lord 407 00:23:48,930 --> 00:23:51,650 S1: may even prompt you to do even more than that. 408 00:23:51,650 --> 00:23:54,250 S1: But in terms of kind of how to go about that, 409 00:23:54,250 --> 00:23:56,889 S1: I think it's important that you have some wise counsel 410 00:23:57,050 --> 00:24:00,010 S1: walking alongside you to help you determine how much is 411 00:24:00,010 --> 00:24:04,290 S1: enough and planning for this next season of life. You know, 412 00:24:04,330 --> 00:24:06,929 S1: you're you're 71. If you're in good health, you know, 413 00:24:06,970 --> 00:24:10,050 S1: you could last, you know, 2 to 3 more decades 414 00:24:10,250 --> 00:24:12,570 S1: until the Lord's ready to call you home. And so, 415 00:24:12,770 --> 00:24:14,090 S1: you know, what do you need to do with that 416 00:24:14,090 --> 00:24:17,330 S1: in terms of investments? What about your estate plan? You know, 417 00:24:17,369 --> 00:24:18,970 S1: how much do you need in case you need long 418 00:24:19,050 --> 00:24:22,690 S1: term care because you don't have children? Um, you know, 419 00:24:22,730 --> 00:24:25,810 S1: or somebody that might be there to support you in that. 420 00:24:25,810 --> 00:24:27,810 S1: And so you would need to be able to pay 421 00:24:27,810 --> 00:24:30,930 S1: for skilled care if you would need it. And, you know, 422 00:24:30,970 --> 00:24:33,410 S1: you probably want to do some giving, I would imagine, 423 00:24:33,410 --> 00:24:37,689 S1: as well, just hearing you describe this, uh, usually a 424 00:24:37,730 --> 00:24:42,890 S1: conversion to a Roth IRA is is not the best idea, 425 00:24:43,090 --> 00:24:45,649 S1: especially in one year because it would push you up 426 00:24:45,650 --> 00:24:49,050 S1: into the highest tax brackets. It would dramatically increase your 427 00:24:49,050 --> 00:24:52,570 S1: Medicare premiums. You'd very you'd pay a very large tax 428 00:24:52,570 --> 00:24:56,929 S1: bill immediately. Um, I'm assuming this is currently in a 429 00:24:56,930 --> 00:24:59,250 S1: traditional IRA. Is that correct? 430 00:24:59,290 --> 00:25:01,929 S5: Correct. Got two. An IRA and an individual. My broker's 431 00:25:01,930 --> 00:25:05,010 S5: account we have I call my brokers mutual fund. You know, 432 00:25:05,050 --> 00:25:07,090 S5: various like Nvidia and things like that. 433 00:25:07,450 --> 00:25:11,250 S1: Great. What's the breakdown of the 1.4 million between taxable 434 00:25:11,250 --> 00:25:13,609 S1: and tax pre-tax. 435 00:25:13,650 --> 00:25:17,010 S5: Pretty close to 50 over 50. The IRA is like 770. 436 00:25:17,050 --> 00:25:18,649 S5: And the other they're neck and neck. 437 00:25:19,050 --> 00:25:21,290 S1: Okay. Got it. Yeah. So you wouldn't be able to 438 00:25:21,290 --> 00:25:24,330 S1: do anything with the brokerage account with a Roth IRA anyway, 439 00:25:24,369 --> 00:25:26,530 S1: the only thing you could convert would be the the 440 00:25:26,570 --> 00:25:29,649 S1: traditional to a Roth. Uh, one of the other things, 441 00:25:29,650 --> 00:25:32,170 S1: in addition to the taxable event you would create and 442 00:25:32,170 --> 00:25:35,970 S1: the Irma, which would drive up your Medicare premiums because 443 00:25:35,970 --> 00:25:39,330 S1: you'd have a whole influx of income. But the other 444 00:25:39,330 --> 00:25:42,010 S1: issue is one of the most beautiful things in the 445 00:25:42,010 --> 00:25:48,360 S1: tax code for traditional IRAs is this qualified charitable distribution, 446 00:25:48,359 --> 00:25:51,680 S1: where you can get that money out of that traditional IRA, 447 00:25:51,680 --> 00:25:54,120 S1: which you didn't pay tax on when it went in, 448 00:25:54,320 --> 00:25:57,560 S1: and then it grew tax deferred. And there's one way 449 00:25:57,560 --> 00:25:59,960 S1: to get it out without ever paying tax. And it's 450 00:25:59,960 --> 00:26:04,240 S1: when it goes straight to a 500 1C3 charity which 451 00:26:04,240 --> 00:26:07,360 S1: also can satisfy your required minimums, but you can give 452 00:26:07,359 --> 00:26:10,520 S1: away far more than that. For instance, in 2026 you 453 00:26:10,520 --> 00:26:15,640 S1: could do up to $111,000 coming out, going straight to 454 00:26:15,680 --> 00:26:19,160 S1: a ministry or charity as a qualified charitable distribution, and 455 00:26:19,160 --> 00:26:22,240 S1: it never gets added to your taxable income. So that 456 00:26:22,240 --> 00:26:25,240 S1: would be one way to the extent you've you've capped, 457 00:26:25,400 --> 00:26:28,120 S1: you know, your finish line and you say I want 458 00:26:28,160 --> 00:26:31,880 S1: to start accelerating my giving. Keeping it in that traditional 459 00:26:31,880 --> 00:26:35,080 S1: IRA would give you the opportunity, uh, you know, to, 460 00:26:35,119 --> 00:26:38,480 S1: to start doing some tax free giving out of that 461 00:26:38,480 --> 00:26:40,600 S1: which would not be available in the Roth. So I 462 00:26:40,600 --> 00:26:43,679 S1: would say, for all intents and purposes. You know, I 463 00:26:43,680 --> 00:26:46,520 S1: would begin to clarify your finish line and then I 464 00:26:46,520 --> 00:26:49,360 S1: would be able I would begin working with your advisor 465 00:26:49,520 --> 00:26:54,640 S1: to strategically do your giving out of that traditional IRA. Um, 466 00:26:54,960 --> 00:26:56,840 S1: and never pay any tax on it. But give me 467 00:26:56,840 --> 00:26:57,879 S1: your thoughts on all that. 468 00:26:58,640 --> 00:27:01,359 S5: I think that's exactly what the University of Florida is 469 00:27:01,359 --> 00:27:03,080 S5: my alma mater. I really love the school and I 470 00:27:03,080 --> 00:27:05,560 S5: want to give to that. The research about the journey 471 00:27:05,560 --> 00:27:07,439 S5: I'm on right now is looking for good things to 472 00:27:07,480 --> 00:27:09,720 S5: contribute to, and I'm hoping God will direct me into 473 00:27:09,720 --> 00:27:12,920 S5: that position so I can make the right decision. It's 474 00:27:12,920 --> 00:27:15,479 S5: kind of exciting because I really don't have any desires. 475 00:27:15,480 --> 00:27:17,440 S5: I've traveled the world with my job. I've done everything 476 00:27:17,440 --> 00:27:20,510 S5: I really want to do. I live in about 5 477 00:27:20,510 --> 00:27:23,680 S5: to $5000 a month, and that's that's kind of meek. 478 00:27:23,960 --> 00:27:26,400 S5: So I think that's pretty good. But I, I want 479 00:27:26,440 --> 00:27:28,240 S5: the reason I'm doing that is that I'm not doing 480 00:27:28,480 --> 00:27:31,000 S5: just denial. I just think that's a healthy way to live. 481 00:27:31,000 --> 00:27:33,320 S5: I don't really desire anything. You know what I mean? 482 00:27:33,359 --> 00:27:35,520 S5: There's no I don't have any ambitions for it. But 483 00:27:35,520 --> 00:27:37,280 S5: I would like a new car. So I want to 484 00:27:37,280 --> 00:27:41,760 S5: buy something new, so that's reasonable. I told you. Yeah, 485 00:27:41,800 --> 00:27:44,120 S5: I think because I'm putting my money into a dead end. 486 00:27:44,160 --> 00:27:47,639 S5: But if I like, 60 or $70,000, is that obscene 487 00:27:47,640 --> 00:27:50,120 S5: to take out of the IRA or out of the stocks? 488 00:27:50,160 --> 00:27:51,400 S5: I mean, at this stage. 489 00:27:51,920 --> 00:27:56,040 S1: Yeah, absolutely. Because you have Social Security coming in as well, right? 490 00:27:56,080 --> 00:27:58,960 S5: I'm getting like $3,700 a month on that. 491 00:27:58,960 --> 00:28:00,920 S1: And so how much do you need beyond that? You 492 00:28:00,920 --> 00:28:03,199 S1: need about 1500 2000. 493 00:28:03,600 --> 00:28:06,520 S5: Yeah. But the thing is, like when property taxes come due, 494 00:28:06,520 --> 00:28:08,320 S5: then I have to talk. My broker said, hey, I 495 00:28:08,320 --> 00:28:10,439 S5: need to sell some because I need $6,000 for my 496 00:28:10,440 --> 00:28:13,800 S5: property taxes or my insurance for, you know, those things 497 00:28:13,800 --> 00:28:15,800 S5: are the only thing that kind of like bumped my pattern. 498 00:28:15,840 --> 00:28:17,800 S5: You know, I keep records and I can see every 499 00:28:17,800 --> 00:28:20,609 S5: month how much I'm spending, and I'm around 45 to 500 00:28:20,609 --> 00:28:22,520 S5: 5 until I get that big hit, you see what 501 00:28:22,520 --> 00:28:25,160 S5: I'm saying? And I got rid of I had a northwest. 502 00:28:25,200 --> 00:28:27,640 S5: I had a whole life mutual fund or whole life 503 00:28:28,000 --> 00:28:30,639 S5: policy from Northwestern Mutual. And I got rid of that 504 00:28:30,640 --> 00:28:32,480 S5: because I listened to people like Dave Ramsey. And you 505 00:28:32,480 --> 00:28:34,240 S5: said that wasn't the best thing for me, and I 506 00:28:34,280 --> 00:28:36,479 S5: had been investing in that since I was 19, so 507 00:28:36,480 --> 00:28:39,160 S5: I liquidated that. I've been living very nicely off of 508 00:28:39,200 --> 00:28:41,520 S5: that for the year, but that's coming to an end. 509 00:28:41,560 --> 00:28:43,760 S5: You see that? Yeah. Kind of depleted. 510 00:28:44,000 --> 00:28:46,880 S1: Yeah. I mean, I think easily you could you could 511 00:28:46,880 --> 00:28:50,360 S1: look at a 60 to $80,000 gift and not miss it. 512 00:28:50,400 --> 00:28:53,760 S1: I mean, you know, if we just put in 1 million, 513 00:28:53,800 --> 00:28:56,959 S1: you know, 1.2 million and you were to pull 4% 514 00:28:57,000 --> 00:29:00,280 S1: a year, which is reasonable, you know, that's 50,000 a 515 00:29:00,280 --> 00:29:04,719 S1: year that you should be able to pull out and maintain, uh, 516 00:29:04,760 --> 00:29:08,800 S1: that principal balance, which is 200,000 lower than you have now. 517 00:29:09,240 --> 00:29:12,080 S1: And you don't even need 50,000 a year because, you know, 518 00:29:12,120 --> 00:29:14,080 S1: half of what you're spending every month is coming in 519 00:29:14,080 --> 00:29:17,680 S1: from Social Security. So that, I would imagine, should give you, 520 00:29:17,720 --> 00:29:20,200 S1: you know, fully what you need and give you enough 521 00:29:20,200 --> 00:29:22,520 S1: to write that, you know, tax bill. But I think 522 00:29:22,520 --> 00:29:25,520 S1: that's the kind of planning we're talking about where maybe 523 00:29:25,520 --> 00:29:30,120 S1: every year you're doing 50 to 75,000 in giving, um, 524 00:29:30,120 --> 00:29:32,280 S1: and then just monitor it along the way. And if 525 00:29:32,280 --> 00:29:35,400 S1: the market does well then great. Maybe you up that. 526 00:29:35,400 --> 00:29:37,360 S1: But I think this is an opportunity for you to 527 00:29:37,400 --> 00:29:40,920 S1: start doing some hilarious giving and really get the, you know, 528 00:29:40,960 --> 00:29:45,040 S1: enjoy partnering with God and what he is doing, whether 529 00:29:45,040 --> 00:29:47,600 S1: that's your alma mater or some other things that you 530 00:29:47,600 --> 00:29:51,280 S1: know are really you're passionate about. Where are you located 531 00:29:51,280 --> 00:29:52,000 S1: in Florida? 532 00:29:52,760 --> 00:29:55,080 S5: I'm in Palm Harbor, just north of Clearwater on the 533 00:29:55,080 --> 00:29:55,880 S5: Gulf Coast. 534 00:29:56,360 --> 00:30:00,240 S1: Okay. Got it. Yeah. Um, you know, one option would 535 00:30:00,240 --> 00:30:02,960 S1: be to connect with our friends at the National Christian Foundation. 536 00:30:02,960 --> 00:30:06,000 S1: They have a I believe they have an office in Naples. Um, 537 00:30:06,280 --> 00:30:09,200 S1: but they can help you with what's called a giving strategy, 538 00:30:09,200 --> 00:30:11,560 S1: where you begin to kind of do a deep dive 539 00:30:11,560 --> 00:30:14,200 S1: into what are your passions and how do those align 540 00:30:14,200 --> 00:30:17,080 S1: with the the causes and issues on the heart of 541 00:30:17,080 --> 00:30:19,840 S1: God that I think could be really powerful for you 542 00:30:19,840 --> 00:30:23,040 S1: to get excited about some things that you could contribute to. 543 00:30:23,080 --> 00:30:25,560 S1: But listen, I think you're on the right track here, Scott. 544 00:30:25,560 --> 00:30:27,360 S1: Stay on the line. You and I will talk a 545 00:30:27,360 --> 00:30:28,760 S1: bit more off the air. I want to make sure 546 00:30:28,760 --> 00:30:31,320 S1: I'm answering all of your questions, but I really appreciate 547 00:30:31,320 --> 00:30:34,880 S1: you listening and calling today. And, uh, also your generous heart. 548 00:30:34,920 --> 00:30:45,280 S1: God bless you, my friend. We'll be right back. Helping 549 00:30:45,280 --> 00:30:47,600 S1: you live as a wise and faithful steward. This is 550 00:30:47,600 --> 00:30:50,280 S1: faith and finance. Live. I'm Rob West, we're taking your 551 00:30:50,280 --> 00:30:52,800 S1: calls today here in our final segment. Let's get to 552 00:30:52,840 --> 00:30:55,160 S1: as many as we can. Right back to the phones. 553 00:30:55,160 --> 00:30:57,520 S1: Joshua will be coming to you next. But first Anthony 554 00:30:57,520 --> 00:30:58,760 S1: in Fort Lauderdale. Go ahead. 555 00:30:59,600 --> 00:31:01,600 S6: Hi, Rob. Thanks for taking my call. 556 00:31:01,960 --> 00:31:02,480 S1: Of course. 557 00:31:03,600 --> 00:31:08,080 S6: I was just, uh, calling. Uh, my children have a 558 00:31:08,120 --> 00:31:12,880 S6: bank account that's literally a savings account in the bank, which, uh, 559 00:31:12,920 --> 00:31:16,440 S6: is not the best place to be. Um, I'm looking 560 00:31:16,440 --> 00:31:20,480 S6: to see where would be the best place to invest 561 00:31:20,480 --> 00:31:25,000 S6: their money for them. Um, I know zero about the 562 00:31:25,000 --> 00:31:29,560 S6: stock market, zero about investing. And, you know, I'd like 563 00:31:29,560 --> 00:31:34,440 S6: them to gain some money on their, uh, some principal. 564 00:31:35,040 --> 00:31:37,400 S1: Yeah, I love that. Anthony. Let me ask, is this 565 00:31:37,400 --> 00:31:40,000 S1: money in your account? And do you plan to keep 566 00:31:40,000 --> 00:31:42,160 S1: it in your name until such time as you turn 567 00:31:42,160 --> 00:31:42,920 S1: it over to them? 568 00:31:44,520 --> 00:31:49,400 S6: No, it's actually in their name. Uh, this is, you know, 569 00:31:49,560 --> 00:31:52,120 S6: through the years, they'd get some money here and there, 570 00:31:52,120 --> 00:31:57,560 S6: and we started a bank account for each one separately. 571 00:31:57,560 --> 00:32:03,200 S6: And it's actually in their name. And, uh, so it's 572 00:32:03,200 --> 00:32:07,960 S6: grown to approximately $10,000. And you want to know what 573 00:32:07,960 --> 00:32:09,080 S6: could I do with it? 574 00:32:09,160 --> 00:32:11,720 S1: Yeah. No, it's the right question to ask. I think, 575 00:32:11,720 --> 00:32:15,160 S1: given that they are kind of technically adults now, we 576 00:32:15,160 --> 00:32:19,440 S1: probably need to just clarify the purpose, uh, before thinking 577 00:32:19,440 --> 00:32:22,920 S1: about investments. So, you know, is this for college? Is 578 00:32:22,920 --> 00:32:27,680 S1: it long term, like retirement wealth building capital, or will 579 00:32:27,720 --> 00:32:29,440 S1: they need the money in the next 3 to 5 580 00:32:29,440 --> 00:32:32,400 S1: years because all of a sudden they're, you know, graduating 581 00:32:32,400 --> 00:32:35,440 S1: here four years from now and, you know, they're thinking 582 00:32:35,440 --> 00:32:38,750 S1: about a car or an apartment or something like that 583 00:32:38,750 --> 00:32:42,550 S1: because the time horizon is going to determine everything. And 584 00:32:42,550 --> 00:32:45,350 S1: so how would you think about that just in terms 585 00:32:45,350 --> 00:32:48,710 S1: of what they might be thinking about when this these 586 00:32:48,710 --> 00:32:51,110 S1: funds might be needed and how they'll be used? 587 00:32:52,190 --> 00:32:57,030 S6: Well, I was thinking and obviously I have conversations with 588 00:32:57,030 --> 00:33:02,070 S6: them about using this money as a down payment for 589 00:33:02,070 --> 00:33:04,590 S6: a house, because when they're they're going to be going 590 00:33:04,590 --> 00:33:08,830 S6: to college this fall and like, say four years, they'll 591 00:33:08,830 --> 00:33:13,630 S6: be graduating, hopefully getting a good job right after. So 592 00:33:13,790 --> 00:33:18,430 S6: probably five, six, seven years. Um, I'd like to see 593 00:33:18,430 --> 00:33:20,790 S6: them use the money as a down payment for a home. 594 00:33:21,190 --> 00:33:23,310 S1: Got it. Okay. Are they triplets? 595 00:33:24,470 --> 00:33:25,070 S6: Yes. 596 00:33:25,390 --> 00:33:28,030 S1: Oh, cool. Yeah. Great I have yeah. Go ahead. 597 00:33:28,510 --> 00:33:32,390 S6: No, I just would say. Yeah. They each have the $10,000. 598 00:33:32,430 --> 00:33:35,590 S1: Yeah. Very good. Okay. Uh, I love that. And I 599 00:33:35,590 --> 00:33:38,950 S1: think that helps to clarify because, you know, as long 600 00:33:38,950 --> 00:33:42,190 S1: as we're talking five plus years, then I think that 601 00:33:42,190 --> 00:33:45,230 S1: puts investments in play. If we think it might be 602 00:33:45,230 --> 00:33:48,870 S1: less than that, I'd probably start to lean more toward, 603 00:33:48,910 --> 00:33:51,390 S1: you know, something that has a little bit more stability, 604 00:33:51,390 --> 00:33:54,030 S1: because what I don't want is for them to, you know, 605 00:33:54,070 --> 00:33:56,270 S1: get into investments and then all of a sudden five 606 00:33:56,270 --> 00:33:58,709 S1: years or let's say three years from now, you know, 607 00:33:58,750 --> 00:34:02,390 S1: we find ourselves in a recession and now they're having 608 00:34:02,390 --> 00:34:06,270 S1: to sell these investments at a loss. And so, you know, 609 00:34:06,310 --> 00:34:08,670 S1: with a five year time horizon, although, you know, we 610 00:34:08,670 --> 00:34:12,590 S1: could go into a stock mutual fund as you get 611 00:34:12,590 --> 00:34:15,350 S1: closer and closer to the date in which they would 612 00:34:15,350 --> 00:34:18,670 S1: need the money, you're going to want to get more conservative. Um, 613 00:34:18,670 --> 00:34:21,910 S1: so you're kind of right there, barely on the edge 614 00:34:21,910 --> 00:34:26,069 S1: of having enough time horizon to even consider stocks. So 615 00:34:26,070 --> 00:34:28,390 S1: you may want to think about what's called a balanced 616 00:34:28,390 --> 00:34:32,109 S1: mutual fund, which is where it's one mutual fund, but 617 00:34:32,110 --> 00:34:35,750 S1: it's got a mix of both stocks and bonds. And 618 00:34:35,750 --> 00:34:39,029 S1: then as they get closer to that kind of five 619 00:34:39,070 --> 00:34:41,549 S1: year target, you're going to want to move more and 620 00:34:41,550 --> 00:34:46,150 S1: more toward fixed income type investments and then eventually, probably 621 00:34:46,150 --> 00:34:49,270 S1: a money market, because, again, we don't want them graduating 622 00:34:49,270 --> 00:34:53,190 S1: school needing to use this money for their first apartment 623 00:34:53,630 --> 00:34:56,390 S1: or to get launched as adults. And, you know, we 624 00:34:56,430 --> 00:34:59,549 S1: find the market's down 30%. That's not the time you 625 00:34:59,550 --> 00:35:02,790 S1: want to have to sell. Uh, in terms of selecting 626 00:35:02,790 --> 00:35:06,109 S1: those investments, you've got a couple of options. First thing 627 00:35:06,110 --> 00:35:08,270 S1: you do is you'd open a brokerage account, let's say, 628 00:35:08,270 --> 00:35:11,630 S1: at Charles Schwab, one for each of them. And because 629 00:35:11,630 --> 00:35:13,549 S1: they're 18, they're going to have to be involved in 630 00:35:13,550 --> 00:35:16,589 S1: doing that. And then you could have one of two approaches. 631 00:35:16,590 --> 00:35:19,990 S1: One would be a robo advisor where you would, uh, 632 00:35:20,150 --> 00:35:23,470 S1: at the Schwab Intelligent Portfolios. You would let that build 633 00:35:23,469 --> 00:35:28,390 S1: the algorithm for them, uh, using low cost ETFs. Or 634 00:35:28,550 --> 00:35:31,590 S1: you could go to Sound Mind Investing and the Sound 635 00:35:31,590 --> 00:35:35,550 S1: Mind Investing newsletter, uh, would give you the mutual funds 636 00:35:35,550 --> 00:35:38,830 S1: to pick based on the time horizon and risk tolerance. 637 00:35:38,830 --> 00:35:41,350 S1: Either of those could work for you. It just depends 638 00:35:41,350 --> 00:35:42,950 S1: on whether you want to be a little more hands 639 00:35:42,989 --> 00:35:46,230 S1: on with sound mind investing, or hands off with the 640 00:35:46,230 --> 00:35:50,189 S1: robo advisor, which is the Schwab Intelligent Portfolios. But either 641 00:35:50,190 --> 00:35:51,670 S1: of those could work well for you. 642 00:35:52,070 --> 00:35:56,630 S6: Okay, it sounds like Schwab robo investment would be better, 643 00:35:56,630 --> 00:36:02,590 S6: because even what investments I have now, you know, like fidelity, 644 00:36:02,630 --> 00:36:06,350 S6: for example, I let them pick. I'm no expert, I know. 645 00:36:06,390 --> 00:36:09,030 S6: There you go. Yeah. Nothing. So I certainly wouldn't want 646 00:36:09,030 --> 00:36:12,710 S6: to be picking myself, because, sure, I could be picking 647 00:36:12,710 --> 00:36:13,670 S6: a disaster. 648 00:36:14,270 --> 00:36:17,150 S1: I hear you. So I think, yeah, the next step 649 00:36:17,150 --> 00:36:19,070 S1: is for you to go to Schwab. You can just 650 00:36:19,070 --> 00:36:22,790 S1: put in your search engine, Schwab Intelligent Portfolios. It's very 651 00:36:22,790 --> 00:36:26,190 S1: low cost. You'll go through a question and answer process 652 00:36:26,190 --> 00:36:28,710 S1: that will define the time horizon, the risk level, and 653 00:36:28,710 --> 00:36:31,509 S1: then it will once the money is deposited, it'll automatically 654 00:36:31,510 --> 00:36:33,950 S1: invest it and reinvest it. If they add anything to 655 00:36:33,989 --> 00:36:37,430 S1: it and then it'll get more conservative over time as 656 00:36:37,430 --> 00:36:40,229 S1: they as you get closer to that date in which 657 00:36:40,230 --> 00:36:42,870 S1: you would estimate that they need the money. Again, it's 658 00:36:42,870 --> 00:36:46,710 S1: called the Schwab Intelligent Portfolios. Anthony, I appreciate your call. Hey, 659 00:36:46,750 --> 00:36:48,310 S1: hang on the line. I'm going to send you three 660 00:36:48,310 --> 00:36:53,270 S1: copies of a workbook called Open Hand Finance, built for 661 00:36:53,510 --> 00:36:58,430 S1: young adults with a biblical perspective of getting started in 662 00:36:58,469 --> 00:37:01,589 S1: terms of understanding God's way of handling money. And I 663 00:37:01,590 --> 00:37:04,390 S1: think it'll be a great gift to them. We'll give 664 00:37:04,390 --> 00:37:06,950 S1: it to you as our gift and we'll put those 665 00:37:06,950 --> 00:37:08,589 S1: in the mail. So stay on the line, Anthony, and 666 00:37:08,590 --> 00:37:10,870 S1: we'll send those your way. Thanks for your call. We're 667 00:37:10,870 --> 00:37:13,070 S1: going to stay in Lauderdale. Joshua. Go ahead. 668 00:37:13,430 --> 00:37:14,790 S7: Hey. How are you doing today? 669 00:37:15,070 --> 00:37:16,630 S1: Doing great. Thanks for your call. 670 00:37:17,510 --> 00:37:20,230 S7: Yeah, thanks for having me. Um, yeah. So the reason 671 00:37:20,230 --> 00:37:23,350 S7: I'm calling is I'm in the process right now of 672 00:37:23,350 --> 00:37:25,830 S7: selling my business. Uh, I've been setting up a lot 673 00:37:25,830 --> 00:37:30,310 S7: of the infrastructure, uh, around this, uh, for a family office, 674 00:37:30,350 --> 00:37:34,390 S7: you know, trust and, uh, charitable donations, foundations, things like 675 00:37:34,390 --> 00:37:37,549 S7: that for this large windfall that, you know, God kind 676 00:37:37,550 --> 00:37:40,110 S7: of blessed me with. But my question really kind of 677 00:37:40,150 --> 00:37:43,470 S7: falls into, you know, how do I continue to keep 678 00:37:43,469 --> 00:37:45,430 S7: God at the center of all of this as I'm 679 00:37:45,430 --> 00:37:47,630 S7: going through it? Right? Because there's a lot of you're 680 00:37:47,630 --> 00:37:50,950 S7: working with lawyers, you're working with estates and attorneys and, 681 00:37:50,950 --> 00:37:53,310 S7: you know, financial advisors and things. And I just want 682 00:37:53,350 --> 00:37:56,270 S7: to make sure that I'm keeping myself centered around my 683 00:37:56,270 --> 00:37:58,870 S7: faith through all of this. You know, this large liquidity 684 00:37:59,270 --> 00:38:02,390 S7: event that's taking place and making sure that I'm keeping 685 00:38:02,390 --> 00:38:04,550 S7: that faith at the center as I go through it. 686 00:38:04,910 --> 00:38:08,029 S1: Oh, wow. This is incredible, Joshua. I'm so delighted to 687 00:38:08,030 --> 00:38:11,230 S1: hear from you. And, uh, you know, it's a significant 688 00:38:11,230 --> 00:38:15,190 S1: season for you both financially and spiritually. Uh, Scripture reminds 689 00:38:15,190 --> 00:38:18,830 S1: us that prosperity is not a sign of independence from God, 690 00:38:18,950 --> 00:38:22,550 S1: but I think a deeper invitation to dependence on him. 691 00:38:22,750 --> 00:38:26,350 S1: So I would say to your question first, anchor your identity. 692 00:38:26,550 --> 00:38:31,070 S1: Financial success can start to subtly shift our trust from 693 00:38:31,070 --> 00:38:35,230 S1: provider to provision. So you want to build rhythms that 694 00:38:35,270 --> 00:38:39,790 S1: reinforce lordship, like regular prayer over major decisions, and a 695 00:38:39,830 --> 00:38:43,549 S1: trusted circle of Christian advisors who understand the heart of 696 00:38:43,550 --> 00:38:45,950 S1: God and the counsel of Scripture and the role of money. 697 00:38:46,190 --> 00:38:49,430 S1: And then intentional time in God's Word. Wealth tends to 698 00:38:49,469 --> 00:38:53,190 S1: magnify what's already in the heart. So you want to 699 00:38:53,190 --> 00:38:55,069 S1: guard it carefully. It's not something we need to be 700 00:38:55,070 --> 00:38:58,230 S1: scared of or fearful of, but we want to keep 701 00:38:58,230 --> 00:39:01,350 S1: it in its proper place. It's a tool. It's not 702 00:39:01,350 --> 00:39:04,390 S1: ultimately what is providing for us. God is our provider. 703 00:39:04,390 --> 00:39:07,830 S1: He is our ultimate treasure. And then money becomes just 704 00:39:07,830 --> 00:39:11,069 S1: a beautiful gift from God to use to bring him 705 00:39:11,070 --> 00:39:13,710 S1: glory that we can enjoy and use to provide, but 706 00:39:13,710 --> 00:39:17,190 S1: also to give and invest in a way that promotes 707 00:39:17,190 --> 00:39:20,549 S1: human flourishing and advances the gospel. Let me ask you, 708 00:39:20,550 --> 00:39:22,870 S1: it sounds like you've got quite a cast of of 709 00:39:22,870 --> 00:39:27,550 S1: professionals around you. Are these people that share your faith 710 00:39:27,550 --> 00:39:28,630 S1: as a Christ follower? 711 00:39:29,590 --> 00:39:31,950 S7: Yeah. So, uh, it's a it's a little bit of 712 00:39:31,950 --> 00:39:34,500 S7: a mixed bag. Uh, you know, the good thing about 713 00:39:34,580 --> 00:39:37,140 S7: it is I've spent most of my life in this 714 00:39:37,140 --> 00:39:42,140 S7: sector of finance and contracts, negotiations and lawyers. So I 715 00:39:42,340 --> 00:39:45,580 S7: have the ability to kind of double check the fine print, 716 00:39:45,580 --> 00:39:48,340 S7: if you will. You know, the devil's in the detail 717 00:39:48,380 --> 00:39:50,980 S7: as they kind of say. So I've been able to really, 718 00:39:51,020 --> 00:39:53,180 S7: you know, check and make sure that things are aligning 719 00:39:53,180 --> 00:39:55,700 S7: with how I feel, you know, in my faith with 720 00:39:55,700 --> 00:39:58,900 S7: a lot of stuff. So I feel very confident in it. Um, 721 00:39:58,940 --> 00:40:01,620 S7: and the good part about it is our relationship as 722 00:40:01,620 --> 00:40:04,700 S7: I work with them has always been here's what we suggest. 723 00:40:04,700 --> 00:40:07,140 S7: How do you feel about it as they come to me? Right. 724 00:40:07,180 --> 00:40:09,460 S7: So they kind of lay things out and then they're like, 725 00:40:09,500 --> 00:40:12,220 S7: what do you feel? Is this okay? Do you have questions? 726 00:40:12,219 --> 00:40:13,980 S7: And they really let me sit there and pick their 727 00:40:13,980 --> 00:40:15,779 S7: brain through it. So it's really given me a lot 728 00:40:15,820 --> 00:40:17,500 S7: of comfort in that aspect. 729 00:40:17,860 --> 00:40:20,380 S1: I love that. I think the thing I want for you, 730 00:40:20,380 --> 00:40:22,580 S1: and I'm not trying to unwind anything you've already got 731 00:40:22,580 --> 00:40:25,220 S1: in place, but what I want for you is for 732 00:40:25,219 --> 00:40:27,100 S1: you not to always to have to be the one 733 00:40:27,100 --> 00:40:30,339 S1: that's kind of pushing on. How do you bring your 734 00:40:30,340 --> 00:40:33,299 S1: faith into this? Um, you know, I'd love for them 735 00:40:33,300 --> 00:40:36,180 S1: to even be challenging you on how much is enough 736 00:40:36,180 --> 00:40:38,420 S1: and where are we going to deploy this. And, you know, 737 00:40:38,460 --> 00:40:42,420 S1: if our goal is is generosity on the heels of this, 738 00:40:42,500 --> 00:40:44,779 S1: what does it look like to make sure that, you know, 739 00:40:44,820 --> 00:40:47,379 S1: we we plan in such a way that we can 740 00:40:47,380 --> 00:40:51,140 S1: minimize taxes and maximize what's going into the kingdom? There's 741 00:40:51,140 --> 00:40:54,060 S1: even an opportunity to do that on the capital deployment 742 00:40:54,060 --> 00:40:57,380 S1: side with faith based investments, both in the public and 743 00:40:57,380 --> 00:41:01,260 S1: private markets. I mean, you know, there's incredible investments right 744 00:41:01,260 --> 00:41:05,620 S1: now available in the private markets that are in, you know, 745 00:41:05,660 --> 00:41:10,419 S1: investing in new technologies that are eradicating human trafficking. At 746 00:41:10,420 --> 00:41:13,980 S1: the same time, they're also providing a really compelling return. 747 00:41:14,020 --> 00:41:16,140 S1: I mean, these are the kinds of things that are 748 00:41:16,140 --> 00:41:19,300 S1: out there that could allow you to take this capital 749 00:41:19,300 --> 00:41:21,060 S1: and deploy it in such a way that it's going 750 00:41:21,100 --> 00:41:23,700 S1: to advance God's kingdom and allow you to be a 751 00:41:23,700 --> 00:41:26,299 S1: good steward with regard to the returns. So those are 752 00:41:26,300 --> 00:41:27,859 S1: the kinds of things I would just want to make 753 00:41:27,900 --> 00:41:30,299 S1: sure are being put in front of you. So you're 754 00:41:30,300 --> 00:41:32,100 S1: not having to be the one to bring all those 755 00:41:32,260 --> 00:41:36,500 S1: ideas to the table. Um, you know, I would also suggest, 756 00:41:36,540 --> 00:41:38,540 S1: I mean, right down the street from you is the 757 00:41:38,540 --> 00:41:42,020 S1: local office of the National Christian Foundation. And I know 758 00:41:42,020 --> 00:41:46,540 S1: that team personally, being from South Florida, um, they're amazing. 759 00:41:46,540 --> 00:41:48,780 S1: And I would love for you before you do anything 760 00:41:48,780 --> 00:41:50,660 S1: just to sit down with those folks, they won't charge 761 00:41:50,660 --> 00:41:53,980 S1: you anything. Um, you know, whether it's Stephane or the 762 00:41:53,980 --> 00:41:57,340 S1: rest of the team there and just allow them to 763 00:41:57,460 --> 00:42:00,460 S1: kind of help you think through how your faith could 764 00:42:00,460 --> 00:42:04,500 S1: intersect with this liquidity event that's coming up, both on 765 00:42:04,500 --> 00:42:06,660 S1: the planning side as well as the giving and the 766 00:42:06,660 --> 00:42:09,739 S1: investing side. I know they'd be delighted to meet with you. 767 00:42:09,739 --> 00:42:11,899 S1: So let's do this. Um, hang on the line. I'd 768 00:42:11,900 --> 00:42:13,540 S1: love to visit with you just a bit more off 769 00:42:13,540 --> 00:42:15,899 S1: the air, but I love where you're at. I love 770 00:42:15,900 --> 00:42:19,060 S1: this question, and I'm going to be praying for you, Joshua, 771 00:42:19,100 --> 00:42:22,460 S1: as you head into this next season. What an incredible opportunity. 772 00:42:22,780 --> 00:42:25,420 S1: Faith and Finance Lives a partnership between Moody Radio and 773 00:42:25,420 --> 00:42:29,060 S1: Faith five my team today Josh Taylor, Lisa and Omar. 774 00:42:29,219 --> 00:42:31,340 S1: They're incredible. We'll see you next time.