1 00:00:08,760 --> 00:00:11,440 S1: We've checked the markets often, but how often do we 2 00:00:11,440 --> 00:00:14,960 S1: check our hearts? Hi, I'm Rob West. Most of us 3 00:00:14,960 --> 00:00:18,560 S1: approach investing with calculators, not character. But what if God 4 00:00:18,560 --> 00:00:22,120 S1: wants us to shape both? Today, Tim McCreadie joins us 5 00:00:22,120 --> 00:00:26,640 S1: to show how believers can approach investing as a spiritual practice, 6 00:00:26,680 --> 00:00:30,840 S1: aligning our portfolios and our hearts with God's purposes. Then 7 00:00:30,840 --> 00:00:35,000 S1: it's on to your calls at 800 525 7000. That's 8 00:00:35,000 --> 00:00:40,520 S1: 800 525 7000. This is faith in finance. Live. Biblical 9 00:00:40,520 --> 00:00:46,760 S1: wisdom for your financial journey. Well, it's always a pleasure 10 00:00:46,760 --> 00:00:49,360 S1: to have my friend Tim McCready on the program. He's 11 00:00:49,360 --> 00:00:52,720 S1: head of global advisory at Bright Light, part of the 12 00:00:52,760 --> 00:00:56,280 S1: Eversource Wealth Advisors team. Tim, great to have you back. 13 00:00:56,440 --> 00:00:57,720 S2: Always good to be with you, Rob. 14 00:00:57,880 --> 00:01:00,750 S1: Tim, you've been helping us both at Kingdom Advisors and 15 00:01:00,750 --> 00:01:03,910 S1: here at Faith five. Build a theological framework for how 16 00:01:03,950 --> 00:01:08,110 S1: believers can develop a biblical worldview of investing. And the 17 00:01:08,110 --> 00:01:12,750 S1: article you wrote recently that flows out of that larger project, 18 00:01:12,750 --> 00:01:15,590 S1: it really jumped out at me. I want to unpack 19 00:01:15,630 --> 00:01:17,750 S1: that a bit today. Why do you think it's so 20 00:01:17,750 --> 00:01:21,350 S1: critical that we approach investing from a spiritual perspective? 21 00:01:21,709 --> 00:01:25,110 S2: Well, Jesus said in Matthew six that our hearts follow 22 00:01:25,110 --> 00:01:28,030 S2: our treasure. Um, I think this means that where and 23 00:01:28,030 --> 00:01:31,150 S2: how we invest matters spiritually, not just because it's a 24 00:01:31,150 --> 00:01:34,870 S2: reflection of faithfulness, but because it's actually those investment decisions 25 00:01:34,870 --> 00:01:36,950 S2: are shaping who we're becoming as we seek to be 26 00:01:36,950 --> 00:01:40,790 S2: like Jesus. And so because of that, spiritual practices around 27 00:01:40,790 --> 00:01:43,750 S2: our investments can help to align our hearts with God, 28 00:01:43,990 --> 00:01:46,830 S2: not just our financial goals, but who he is. It 29 00:01:46,870 --> 00:01:49,790 S2: invites God into our portfolios, which helps us to grow 30 00:01:49,790 --> 00:01:53,870 S2: as stewards and disciples. Um, and ultimately, investing even becomes 31 00:01:53,870 --> 00:01:56,830 S2: a form of worship. Um, as we let it and 32 00:01:56,830 --> 00:01:59,490 S2: the decisions that we make shape our hearts towards him. 33 00:01:59,810 --> 00:02:03,410 S1: Mhm. Yeah. That's well said. Uh you begin your article 34 00:02:03,410 --> 00:02:09,210 S1: by introducing the Ignatian prayer of examine uh, practice believers 35 00:02:09,210 --> 00:02:12,490 S1: have used for centuries. Tim. How does that help shape 36 00:02:12,490 --> 00:02:14,690 S1: the way we think about investing today? 37 00:02:15,490 --> 00:02:19,370 S2: Yeah. So Saint Ignatius of Loyola, um, centuries ago, kind 38 00:02:19,370 --> 00:02:23,410 S2: of developed this daily examine as a practice of reflecting 39 00:02:23,410 --> 00:02:26,970 S2: prayerfully on our day, uh, repenting of sin, being aware 40 00:02:26,970 --> 00:02:29,730 S2: of God's presence, looking forward to his gifts and presence 41 00:02:29,730 --> 00:02:32,370 S2: with us tomorrow. One of the things that I and 42 00:02:32,370 --> 00:02:34,290 S2: others have been looking at is what it might look 43 00:02:34,290 --> 00:02:37,090 S2: like to apply some of these disciplines, uh, into our 44 00:02:37,090 --> 00:02:40,450 S2: everyday lives, but also into our investment portfolios. Uh, and 45 00:02:40,450 --> 00:02:43,930 S2: this this prayer of examine from an investor's perspective helps 46 00:02:43,930 --> 00:02:47,489 S2: us to move from just analysis to discernment, from control 47 00:02:47,530 --> 00:02:50,330 S2: to surrender. Uh, it invites God into that part of 48 00:02:50,330 --> 00:02:52,930 S2: our life, just the same way as closing our day 49 00:02:52,930 --> 00:02:55,610 S2: with a reflection of God's presence with us during the 50 00:02:55,610 --> 00:02:58,000 S2: day can help us to be very conscious of him 51 00:02:58,000 --> 00:02:59,080 S2: as we fall asleep. 52 00:02:59,120 --> 00:03:03,359 S1: Tim, this is powerful. I mean, spiritual practices and disciplines 53 00:03:03,400 --> 00:03:06,280 S1: related to our investing. I mean, this is a brand 54 00:03:06,280 --> 00:03:10,560 S1: new idea for most believers and yet so powerful. And 55 00:03:10,720 --> 00:03:12,760 S1: I want to unpack it a bit more because you 56 00:03:12,760 --> 00:03:16,440 S1: begin that process with gratitude. What does that look like 57 00:03:16,440 --> 00:03:18,080 S1: for an investor in your view? 58 00:03:18,320 --> 00:03:22,000 S2: Yeah. So for an investor gratitude, it quiets our hearts. 59 00:03:22,200 --> 00:03:25,000 S2: It helps us remember that investing is part of God's 60 00:03:25,000 --> 00:03:28,240 S2: generosity to us, his blessing to us. Uh, like the 61 00:03:28,240 --> 00:03:30,880 S2: daily examine, uh, when we look at and examine from 62 00:03:30,880 --> 00:03:34,280 S2: an investor's perspective, we start with gratitude. It helps us 63 00:03:34,280 --> 00:03:37,560 S2: notice God's provision before we look at any performance. It 64 00:03:37,560 --> 00:03:40,440 S2: reminds us that we're stewards of what he's entrusted to us. 65 00:03:40,600 --> 00:03:42,840 S2: It also reminds us, Rob, I think that true riches 66 00:03:42,840 --> 00:03:45,280 S2: are found in relationship as much as we might be 67 00:03:45,280 --> 00:03:50,000 S2: thankful for our portfolios. Yeah, here's what this might sound like. Rob. Uh, okay. 68 00:03:50,040 --> 00:03:52,560 S2: Heavenly father, thank you for your many gifts to me. 69 00:03:52,560 --> 00:03:56,300 S2: I recognize that my investment portfolio is one of those 70 00:03:56,300 --> 00:04:00,580 S2: gifts from you. You have entrusted these assets to my stewardship. 71 00:04:00,780 --> 00:04:03,900 S2: I invite you to speak to me now about my stewardship, 72 00:04:03,900 --> 00:04:06,820 S2: to encourage me, to challenge me, to remind me of 73 00:04:06,820 --> 00:04:10,220 S2: your goodness and steadfast faithfulness that I might draw closer 74 00:04:10,220 --> 00:04:10,660 S2: to you. 75 00:04:10,980 --> 00:04:15,740 S1: Wow. Well, if we started with that prayer, Tim, I 76 00:04:15,780 --> 00:04:19,219 S1: suspect that would lead us down an entirely different path 77 00:04:19,220 --> 00:04:22,860 S1: when it comes to choosing our investments from that point forward, 78 00:04:22,860 --> 00:04:23,420 S1: wouldn't it? 79 00:04:23,540 --> 00:04:24,659 S2: I think so, Rob. Yeah. 80 00:04:24,860 --> 00:04:27,620 S1: Yeah. After gratitude, you moved to the next step. And 81 00:04:27,620 --> 00:04:30,940 S1: that is review. What does that mean for an investor 82 00:04:30,940 --> 00:04:33,900 S1: who's trying to discern God's presence in their portfolio? 83 00:04:34,339 --> 00:04:37,099 S2: Yeah. So in the Daily Examine review is about looking 84 00:04:37,100 --> 00:04:39,780 S2: back through the day, remembering what we were doing and 85 00:04:39,779 --> 00:04:42,660 S2: how we felt, and sensing God's presence with us. For 86 00:04:42,660 --> 00:04:45,860 S2: an investor, I encourage investors to look at each line 87 00:04:45,860 --> 00:04:50,260 S2: of their portfolio with gratitude, with reflection, with thoughtfulness, just 88 00:04:50,260 --> 00:04:52,900 S2: pausing to look back and recognize where God has been 89 00:04:52,940 --> 00:04:55,890 S2: at work through our investments. This helps us to see 90 00:04:55,930 --> 00:04:59,849 S2: beyond numbers to the people, communities, the purposes that our 91 00:04:59,850 --> 00:05:04,330 S2: investment portfolios touch. And we might find both joy and conviction. 92 00:05:04,370 --> 00:05:06,929 S2: Places where God is pleased and where he is inviting 93 00:05:06,930 --> 00:05:08,650 S2: us towards change. Wow. 94 00:05:09,130 --> 00:05:11,930 S1: This is incredible. We're going to continue the conversation with 95 00:05:11,930 --> 00:05:15,410 S1: Tim McCreadie, Head of Global Advisory at Bright Light, just 96 00:05:15,410 --> 00:05:20,130 S1: around the corner. How spiritual practices can transform your investing. 97 00:05:20,130 --> 00:05:34,730 S1: Stay with us. We'll be right back. Have you ever 98 00:05:34,730 --> 00:05:39,250 S1: thought about how spiritual practices could transform your investing? That's 99 00:05:39,250 --> 00:05:41,770 S1: what we're talking about today with my friend Tim McCreadie. 100 00:05:41,810 --> 00:05:44,730 S1: He's head of global advisory at Bright Light. Part of 101 00:05:44,730 --> 00:05:48,890 S1: the Eversource Wealth Advisors team. Tim has been spearheading a 102 00:05:48,890 --> 00:05:51,730 S1: project for us here at Kingdom Advisors and Faith fi 103 00:05:51,770 --> 00:05:57,310 S1: to build out a theological framework for how believers, including advisors, 104 00:05:57,430 --> 00:06:01,630 S1: can develop a biblical worldview of investing and apply it 105 00:06:01,630 --> 00:06:04,110 S1: to this daily practice. And you know, Tim, we're going 106 00:06:04,150 --> 00:06:06,510 S1: to jump back into this. This is so rich. But 107 00:06:06,550 --> 00:06:09,070 S1: at its core, I think we need to understand that 108 00:06:09,070 --> 00:06:13,310 S1: the purpose of investing is to supply capital to business, 109 00:06:13,470 --> 00:06:16,750 S1: which is to produce goods and services that should be 110 00:06:16,750 --> 00:06:18,390 S1: good and serve people. Right. 111 00:06:18,750 --> 00:06:21,550 S2: Amen. Rob, I think investing is part of God's plan 112 00:06:21,550 --> 00:06:24,150 S2: for flourishing. It takes money that would otherwise not be 113 00:06:24,150 --> 00:06:27,150 S2: doing anything, and places it with businesses and companies that 114 00:06:27,150 --> 00:06:28,510 S2: can use it for flourishing. 115 00:06:28,550 --> 00:06:31,190 S1: Yeah, that's exactly right. And you've really led the way 116 00:06:31,190 --> 00:06:34,670 S1: in so many ways around this whole emerging space of 117 00:06:34,670 --> 00:06:38,229 S1: faith based investing, which is just exploding right now. And 118 00:06:38,230 --> 00:06:43,110 S1: that's so exciting. Well, we're unpacking these spiritual principles set 119 00:06:43,110 --> 00:06:45,830 S1: this up for us. If somebody's just joining us and 120 00:06:45,830 --> 00:06:48,910 S1: perhaps take us back to the Ignatian prayer of examine. 121 00:06:49,070 --> 00:06:52,060 S2: Yeah. So as a reminder, the Ignatian daily Examen is 122 00:06:52,060 --> 00:06:54,179 S2: this idea that at the end of the day, we 123 00:06:54,220 --> 00:06:56,780 S2: we pause and we reflect on God's presence with us 124 00:06:56,779 --> 00:07:00,900 S2: through the day. Uh, we express gratefulness and gratitude. Uh, 125 00:07:00,900 --> 00:07:03,420 S2: we reflect on where we've fallen short. We invite his 126 00:07:03,420 --> 00:07:05,979 S2: presence with us for the next day as we fall asleep. 127 00:07:05,980 --> 00:07:08,100 S2: And we've been thinking about what it might look like 128 00:07:08,100 --> 00:07:11,500 S2: as investors to adopt a similar practice around our portfolio. 129 00:07:11,740 --> 00:07:14,580 S1: Well, we talked before the break about gratitude, a powerful 130 00:07:14,580 --> 00:07:17,780 S1: place to start. And then we talked about reviewing, uh, 131 00:07:17,780 --> 00:07:20,820 S1: but let's move into the next phase of this and 132 00:07:20,820 --> 00:07:25,980 S1: you move into repentance and renewal, which is a significant shift. 133 00:07:25,980 --> 00:07:28,620 S1: How might that sound in prayer for an investor? 134 00:07:29,100 --> 00:07:33,020 S2: So perhaps as we review our portfolio, we sense conviction. 135 00:07:33,020 --> 00:07:36,820 S2: Maybe something feels like it's misaligned with God's desires. Perhaps 136 00:07:36,820 --> 00:07:39,740 S2: we realize as we rejoice over our portfolio, that we 137 00:07:39,740 --> 00:07:42,580 S2: have placed our security and our trust in it. Perhaps 138 00:07:42,580 --> 00:07:45,100 S2: we've made it an idol, taking God's place as our provider. 139 00:07:45,100 --> 00:07:47,980 S2: Perhaps we even realize that God might be asking us 140 00:07:47,980 --> 00:07:51,440 S2: to give more of it away. Repentance reminds us that 141 00:07:51,440 --> 00:07:54,480 S2: as believers, our trust is in God, not the market. Um, 142 00:07:54,480 --> 00:07:57,600 S2: that our ultimate source of security is him. And then 143 00:07:57,600 --> 00:08:02,240 S2: repentance doesn't stand alone. We we receive forgiveness and renewal. 144 00:08:02,240 --> 00:08:04,679 S2: And that points us towards joy and trust in God's 145 00:08:04,680 --> 00:08:08,640 S2: ongoing provision for us. We might pray something like, uh, 146 00:08:08,840 --> 00:08:12,240 S2: gracious Heavenly Provider, I invite you once again to rule 147 00:08:12,240 --> 00:08:15,560 S2: over all of my life, including the investment portfolio you 148 00:08:15,560 --> 00:08:18,720 S2: have entrusted to me. I'm sorry for where I have 149 00:08:18,720 --> 00:08:21,720 S2: allowed it to take your place in my life. Give 150 00:08:21,720 --> 00:08:24,000 S2: me the courage to take action where you have invited 151 00:08:24,000 --> 00:08:26,960 S2: me to do so. Give me confidence in and thankfulness 152 00:08:26,960 --> 00:08:30,320 S2: for your provision. Give me joy in following your plan 153 00:08:30,320 --> 00:08:33,679 S2: for my life and my portfolio. Confident that you are 154 00:08:33,679 --> 00:08:36,400 S2: always wiser and better than anything I could design on 155 00:08:36,400 --> 00:08:39,320 S2: my own. Help me be generous. Help me to trust you. 156 00:08:39,679 --> 00:08:44,160 S1: Um. Wow. I love that. Now, once we've done the 157 00:08:44,200 --> 00:08:47,760 S1: inward reflection, Tim, you turn to the outward disciplines. And 158 00:08:47,910 --> 00:08:52,190 S1: that really begins with community, also with accountability. Why are 159 00:08:52,190 --> 00:08:54,510 S1: those so essential for Christian investors? 160 00:08:55,429 --> 00:08:59,390 S2: So, I mean, the Great Commission invites us to to go, 161 00:08:59,710 --> 00:09:04,030 S2: to build community, to train, to disciple, to follow Jesus. Uh, 162 00:09:04,070 --> 00:09:06,350 S2: we aren't meant to do this alone. We're meant to 163 00:09:06,390 --> 00:09:09,550 S2: do this in community. We grow best in community. And 164 00:09:09,550 --> 00:09:12,990 S2: even though many of the spiritual practices we learn like this, uh, 165 00:09:12,990 --> 00:09:16,390 S2: investors examine might be done alone, we could also think 166 00:09:16,390 --> 00:09:18,910 S2: about how to live them out in community. Uh, and 167 00:09:18,950 --> 00:09:21,230 S2: certainly to take the learnings as we listen to God 168 00:09:21,230 --> 00:09:24,630 S2: into community, trusted friends can help us discern where money 169 00:09:24,630 --> 00:09:27,550 S2: may have too much hold on us. Um, if you 170 00:09:27,550 --> 00:09:31,350 S2: haven't shared your budget or your portfolio with a trusted friend, uh, 171 00:09:31,350 --> 00:09:34,990 S2: I'd encourage you to do so. It's confronting, but it invites, uh, 172 00:09:34,990 --> 00:09:37,750 S2: other voices into our into our lives. Tells us where 173 00:09:37,750 --> 00:09:42,030 S2: we might be going wrong. Small groups, classes, the faith community. 174 00:09:42,230 --> 00:09:45,390 S2: These can create safe spaces for these stewardship conversations. 175 00:09:45,870 --> 00:09:49,010 S1: Um, Mhm. Yeah. Uh, Tim, this is undoubtedly one of 176 00:09:49,010 --> 00:09:52,250 S1: those areas we try to keep behind the curtain, so 177 00:09:52,250 --> 00:09:55,930 S1: to speak. What's the benefit. What's the promise for somebody 178 00:09:55,929 --> 00:09:59,010 S1: who's willing to be transparent in this area in your view. 179 00:09:59,490 --> 00:10:02,090 S2: So the first thing is if I'm going to show 180 00:10:02,090 --> 00:10:04,730 S2: my budget or my portfolio to a friend, you can 181 00:10:04,770 --> 00:10:07,090 S2: bet that I've looked through it closely to find anything 182 00:10:07,090 --> 00:10:10,010 S2: that maybe my conscience is being pricked a little on 183 00:10:10,010 --> 00:10:12,410 S2: whether that really should be in there. Um, but the 184 00:10:12,410 --> 00:10:15,929 S2: second is we're inviting an independent voice, a voice that 185 00:10:15,929 --> 00:10:18,210 S2: can ask us, look, Tim, do you really need to 186 00:10:18,250 --> 00:10:22,210 S2: spend $20 a month on streaming apps? We want someone 187 00:10:22,210 --> 00:10:24,690 S2: who loves us, who cares for us, but who's willing 188 00:10:24,730 --> 00:10:28,370 S2: to give us that? That question. Uh, nothing wrong with 189 00:10:28,370 --> 00:10:31,410 S2: streaming apps, but maybe if I'm spending $200 a month 190 00:10:31,570 --> 00:10:33,490 S2: showing that to a friend might make me realize that 191 00:10:33,490 --> 00:10:37,010 S2: that's not the way that most people live. Uh, that accountability, 192 00:10:37,050 --> 00:10:39,650 S2: we need it in all of our lives. But anywhere 193 00:10:39,650 --> 00:10:42,010 S2: where we have a threat of an idol, we need 194 00:10:42,010 --> 00:10:43,330 S2: that accountability even more. 195 00:10:43,730 --> 00:10:47,520 S1: Yeah. Boy. That's great. Tim, you also introduced something you 196 00:10:47,559 --> 00:10:51,400 S1: call fasting from market noise. Share that with us. 197 00:10:51,800 --> 00:10:54,000 S2: So again, Rob, as we as we think about the 198 00:10:54,000 --> 00:10:58,960 S2: various spiritual disciplines that Jesus gives us prayer, fasting, contemplation, reflection, 199 00:10:58,960 --> 00:11:01,720 S2: time with God, Christian community. We wanted to think about 200 00:11:01,720 --> 00:11:06,319 S2: this fasting one. Um, we are surrounded by constant market data. 201 00:11:06,360 --> 00:11:08,720 S2: I don't know about you, but my 401, which I 202 00:11:08,760 --> 00:11:11,520 S2: hope to not need for at least another 25 years, 203 00:11:11,559 --> 00:11:14,280 S2: gives me a daily update on my balance. My stock 204 00:11:14,280 --> 00:11:17,880 S2: portfolio might update by the minute. All of this information 205 00:11:17,880 --> 00:11:20,480 S2: gives me the illusion of control, but really it's just 206 00:11:20,480 --> 00:11:23,400 S2: feeding and driving my anxiety. If I'm up, I have 207 00:11:23,400 --> 00:11:24,880 S2: a good day. If I'm down, I have a bad 208 00:11:24,880 --> 00:11:27,720 S2: day for money that I don't need for 25 years. 209 00:11:28,120 --> 00:11:31,000 S2: Taking a break from all of this information helps us 210 00:11:31,000 --> 00:11:34,240 S2: remind us that God is in control, and instead of 211 00:11:34,240 --> 00:11:37,800 S2: chasing security through information, we can rest in God's provision. Again, 212 00:11:37,840 --> 00:11:40,439 S2: kind of Matthew six Luke 12. Who of you by 213 00:11:40,440 --> 00:11:43,080 S2: worrying can add a single hair to your head? Uh, 214 00:11:43,080 --> 00:11:46,140 S2: who of you by worrying about your investment portfolio can 215 00:11:46,140 --> 00:11:48,980 S2: add a single cent to its balance. Now, of course, 216 00:11:48,980 --> 00:11:51,020 S2: we need to make wise decisions with the help of 217 00:11:51,020 --> 00:11:53,460 S2: our financial advisors. I just think a lot of the time, 218 00:11:53,460 --> 00:11:55,980 S2: we don't need this daily market noise that that drives 219 00:11:55,980 --> 00:11:57,140 S2: a lot of our anxiety. 220 00:11:57,340 --> 00:12:00,100 S1: Yeah. I couldn't agree more. What an opportunity to turn 221 00:12:00,100 --> 00:12:02,820 S1: down the noise of this world and turn up God's 222 00:12:02,820 --> 00:12:07,380 S1: voice in our life. Tim, finally, uh, you highlight service, 223 00:12:07,420 --> 00:12:11,060 S1: turning our perspective from what we possess to how we 224 00:12:11,059 --> 00:12:14,059 S1: can serve and bless others. What can that look like 225 00:12:14,059 --> 00:12:14,980 S1: for an investor? 226 00:12:15,580 --> 00:12:18,660 S2: So as an investor, we we have the privilege of 227 00:12:18,700 --> 00:12:21,819 S2: a portfolio to invest. And often that gives us experience 228 00:12:21,820 --> 00:12:26,380 S2: that might help equip others, uh, teaching a budgeting class, uh, 229 00:12:26,380 --> 00:12:29,459 S2: mentoring younger people on how to think about money, uh, 230 00:12:29,460 --> 00:12:32,660 S2: serving on a church finance committee. These, uh, activities that 231 00:12:32,660 --> 00:12:35,620 S2: can often feel mundane can be very profound. Rob, I 232 00:12:35,900 --> 00:12:38,620 S2: for several years had the privilege of teaching, uh, in 233 00:12:38,620 --> 00:12:40,979 S2: a gap year program at one of the seminaries in Sydney. 234 00:12:41,179 --> 00:12:44,050 S2: And it astounded me how ill equipped many of these 235 00:12:44,050 --> 00:12:47,410 S2: students were when it came to basic budgeting or understanding 236 00:12:47,410 --> 00:12:50,450 S2: things like credit cards or payday loans and things like that. 237 00:12:50,450 --> 00:12:52,490 S2: For investors who understand some of this, it can be 238 00:12:52,490 --> 00:12:55,250 S2: a real way to serve. It brings this heart of 239 00:12:55,250 --> 00:12:58,290 S2: wisdom and generosity that God wants us to have with 240 00:12:58,290 --> 00:13:01,850 S2: our investment portfolio, and helps us to equip others. And 241 00:13:01,850 --> 00:13:06,170 S2: I think that when we serve, this stewardship idea becomes contagious. 242 00:13:06,210 --> 00:13:09,209 S2: It transforms our investing from something that we just do 243 00:13:09,210 --> 00:13:12,370 S2: for ourselves to something that equips us to serve others. 244 00:13:12,370 --> 00:13:14,770 S2: This is where faith meets action in community. 245 00:13:15,050 --> 00:13:19,050 S1: Wow. That's powerful. Just about 45 seconds left. Tim. Tie 246 00:13:19,050 --> 00:13:21,689 S1: a bow on this for us. How can these spiritual 247 00:13:21,690 --> 00:13:26,170 S1: practices form a holistic way of investing that honors the Lord? 248 00:13:26,650 --> 00:13:28,810 S2: So together, I think when we bring these ideas like 249 00:13:28,850 --> 00:13:33,450 S2: examine Prayerfulness fasting, it forms this rhythm of worship through 250 00:13:33,450 --> 00:13:37,250 S2: our financial eyes, pointing us towards Jesus Christ as the 251 00:13:37,250 --> 00:13:40,170 S2: true provider and owner of all things. And as we 252 00:13:40,170 --> 00:13:44,069 S2: do this, it transforms us. Because investing is faithfulness. It's 253 00:13:44,070 --> 00:13:46,310 S2: a way we're faithful. It's also a way in which 254 00:13:46,309 --> 00:13:49,590 S2: we grow as disciples. I'm convinced from Jesus words and 255 00:13:49,590 --> 00:13:52,670 S2: almost 25 years of working in this field, that faithfulness 256 00:13:52,710 --> 00:13:56,230 S2: in investing is deeply formative for our whole lives as 257 00:13:56,230 --> 00:13:57,230 S2: followers of Jesus. 258 00:13:57,630 --> 00:14:01,069 S1: That was incredible, Tim. What a great reminder that a 259 00:14:01,070 --> 00:14:04,950 S1: biblical approach to investing isn't measured only by returns, but 260 00:14:04,950 --> 00:14:08,150 S1: by spiritual formation. Thanks for being here, my friend. 261 00:14:08,190 --> 00:14:09,310 S3: Great to be with you, Rob. 262 00:14:09,350 --> 00:14:12,030 S1: Our guest today has been Tim McCready, head of global 263 00:14:12,030 --> 00:14:15,830 S1: advisory at Bright Light, part of the Eversource Wealth Advisors team. 264 00:14:16,070 --> 00:14:20,590 S1: All right. Your calls are next. The number 800 525 7000. 265 00:14:20,630 --> 00:14:21,590 S1: We'll be right back. 266 00:14:34,830 --> 00:14:37,950 S4: The opinions offered during this program represent the personal or 267 00:14:37,950 --> 00:14:42,420 S4: professional opinions of the participants, given for informational purposes only. 268 00:14:42,580 --> 00:14:45,980 S4: Any information provided is not intended to replace advice from 269 00:14:45,980 --> 00:14:50,380 S4: a financial, medical, legal or other professional who understands your 270 00:14:50,380 --> 00:14:51,940 S4: specific situation. 271 00:14:57,660 --> 00:14:59,660 S1: So thankful to have you with us today on Faith 272 00:14:59,660 --> 00:15:01,940 S1: and finance. Live. I'm Rob West. All right. I got 273 00:15:01,940 --> 00:15:04,140 S1: a favor to ask of you. If you're a client 274 00:15:04,140 --> 00:15:07,220 S1: of a certified Kingdom advisor, you've been listening for years 275 00:15:07,260 --> 00:15:11,500 S1: and you reached out to connected with have a relationship 276 00:15:11,500 --> 00:15:15,100 S1: with a seeker. We need your help. We're doing a 277 00:15:15,100 --> 00:15:19,300 S1: national research project to really have the empirical data that says, 278 00:15:19,300 --> 00:15:21,980 S1: here's the outcomes you can expect when you work with 279 00:15:21,980 --> 00:15:26,860 S1: a certified Kingdom advisor. By evaluating clients through a survey, 280 00:15:27,220 --> 00:15:31,460 S1: those who are both non clients, clients of advisors who 281 00:15:31,500 --> 00:15:35,740 S1: don't have the designation versus those who are with a seeker. Well, 282 00:15:35,740 --> 00:15:38,800 S1: all the ones who are with a non-k. We've got 283 00:15:38,800 --> 00:15:42,520 S1: all that we need. But we're 200 surveys away from 284 00:15:42,520 --> 00:15:45,840 S1: having what we need. For those who do have a 285 00:15:45,880 --> 00:15:48,280 S1: c k. So if that's you, I need your help. 286 00:15:48,280 --> 00:15:50,760 S1: If you've got ten minutes, I'd love for you to 287 00:15:50,800 --> 00:15:55,120 S1: go to Faith B-complex and be a part of this 288 00:15:55,120 --> 00:15:58,680 S1: research study. All of the information will be in the aggregate. 289 00:15:58,720 --> 00:16:01,880 S1: Your information will be held anonymously. It won't be shared 290 00:16:01,880 --> 00:16:05,360 S1: with your advisor. But if you have a certified Kingdom 291 00:16:05,360 --> 00:16:08,080 S1: Advisor that you work with, you're a client and you'd 292 00:16:08,120 --> 00:16:10,760 S1: be willing to take this survey, we'd be grateful. We're 293 00:16:10,760 --> 00:16:16,160 S1: looking for 200 more faith. Com is the place to go. 294 00:16:16,200 --> 00:16:18,720 S1: And thanks in advance. I know you probably get asked 295 00:16:18,720 --> 00:16:21,720 S1: to do surveys all the time, including those political ones, 296 00:16:21,720 --> 00:16:24,960 S1: but this one's a little different, and I promise it'll 297 00:16:25,000 --> 00:16:27,680 S1: be worth it. All right. In the news today, gasoline 298 00:16:27,680 --> 00:16:30,240 S1: prices in the US have fallen to their lowest level 299 00:16:30,240 --> 00:16:33,720 S1: since 2021, offering a bit of relief just as winter 300 00:16:33,720 --> 00:16:38,110 S1: and holiday spending begin. The national average of regular gas 301 00:16:38,110 --> 00:16:43,270 S1: hit about $2.95 a gallon. That's as of December 30th. 302 00:16:43,310 --> 00:16:48,110 S1: Excuse me. December 1st. That's according to data from GasBuddy. 303 00:16:48,310 --> 00:16:51,310 S1: That marks the cheapest rates Americans have seen in more 304 00:16:51,310 --> 00:16:55,110 S1: than four years. Several factors are behind the drop. Crude 305 00:16:55,110 --> 00:16:59,910 S1: oil production has increased, and there's been fewer disruptions at 306 00:16:59,910 --> 00:17:05,070 S1: Gulf Coast refineries, a relief after recent years of volatile prices. 307 00:17:05,470 --> 00:17:08,869 S1: As a result, this downward pressure on fuel costs may 308 00:17:08,910 --> 00:17:13,629 S1: slow or even reverse sharp increases in grocery and retail 309 00:17:13,630 --> 00:17:19,350 S1: prices that often follow when transportation and shipping costs rise. Now, 310 00:17:19,390 --> 00:17:22,230 S1: what does this mean for your budget? Well, first, lower 311 00:17:22,230 --> 00:17:25,910 S1: pump prices of course, give households immediate breathing room more 312 00:17:25,910 --> 00:17:30,790 S1: cash for groceries, bills, holiday expenses or debt payoff. Second, 313 00:17:30,990 --> 00:17:34,709 S1: over the next few weeks, stable or falling fuel costs 314 00:17:34,770 --> 00:17:39,570 S1: could help moderate inflation, pressure on broader goods and services, 315 00:17:39,570 --> 00:17:43,970 S1: especially groceries. And then thirdly, for families and retirees on 316 00:17:43,970 --> 00:17:48,010 S1: fixed income or tight budgets, this could mean extra margin 317 00:17:48,010 --> 00:17:53,370 S1: useful for building savings or handling unexpected costs. In short, 318 00:17:53,690 --> 00:17:57,290 S1: while the economy still faces challenges, this drop in gas 319 00:17:57,290 --> 00:18:01,250 S1: prices offers a little financial relief. That's, of course, good 320 00:18:01,250 --> 00:18:05,050 S1: news for anyone juggling bills or retirement planning, or just 321 00:18:05,050 --> 00:18:09,290 S1: general household budgets. Stress. Still, these times of inflation call 322 00:18:09,290 --> 00:18:12,490 S1: for us to be extra mindful of our budgets and 323 00:18:12,490 --> 00:18:16,650 S1: prepare for uncertainty. Remember, Proverbs six reminds us of that 324 00:18:16,650 --> 00:18:20,129 S1: aunt who considers her ways and is wise without having 325 00:18:20,130 --> 00:18:24,090 S1: any chief or officer or ruler. She prepares her bread 326 00:18:24,090 --> 00:18:26,409 S1: in the summer and gathers her food in the harvest. 327 00:18:26,490 --> 00:18:29,970 S1: We should take note of that wise approach. All right. 328 00:18:29,970 --> 00:18:32,410 S1: We'll begin taking your calls and questions here in just 329 00:18:32,410 --> 00:18:34,600 S1: a moment. We do have some lines open. So if 330 00:18:34,640 --> 00:18:37,760 S1: you've got a financial question today. Today's a great day 331 00:18:37,760 --> 00:18:42,680 S1: for you to call 800 525 7000. Again that's 800 332 00:18:42,720 --> 00:18:47,640 S1: 525 7000. Let's go to Indianapolis, Indiana. Gary. Go ahead. 333 00:18:48,760 --> 00:18:51,520 S5: Hey, Rob. Um, first off, I wanted to thank you 334 00:18:51,520 --> 00:18:54,359 S5: for doing what you're doing. There's a lot of us 335 00:18:54,359 --> 00:18:58,280 S5: out here, um, you know, young and old, that we 336 00:18:58,280 --> 00:19:00,960 S5: just rely on everybody else to take care of our 337 00:19:01,200 --> 00:19:04,440 S5: financial stuff, and we don't have a clue. Um. I 338 00:19:04,480 --> 00:19:06,960 S5: don't have a clue. I was you mentioned the. And 339 00:19:06,960 --> 00:19:10,879 S5: I've been a grasshopper all my life, and, um, these, 340 00:19:10,920 --> 00:19:13,560 S5: these last, you know, but my kids had. We had 341 00:19:13,560 --> 00:19:16,600 S5: a good life, I can't complain. Um, but the last 342 00:19:16,600 --> 00:19:20,639 S5: few years, um, I finally found the Lord, and things 343 00:19:20,640 --> 00:19:26,960 S5: have really changed dramatically. Um, which is no surprise. Um, but, 344 00:19:27,000 --> 00:19:32,300 S5: you know, I've got a couple, um, um, old 401 345 00:19:33,619 --> 00:19:35,700 S5: that I needed to roll over for a long time, 346 00:19:35,700 --> 00:19:38,620 S5: and I haven't done it. Well, the last two years. 347 00:19:38,740 --> 00:19:41,340 S5: The first time in my life I've been able to 348 00:19:41,380 --> 00:19:44,580 S5: squirrel away a bunch of money. Um, you know, I've 349 00:19:44,619 --> 00:19:47,740 S5: gotten such a position. I don't owe anything. I don't 350 00:19:47,780 --> 00:19:51,060 S5: owe anybody anything. Um, except a car insurance and, you know, 351 00:19:51,100 --> 00:19:54,260 S5: a few little, you know, normal things. Um, but, you know, 352 00:19:54,300 --> 00:19:57,540 S5: I'm I'm I'm. I can save $3,000 a month now. 353 00:19:57,660 --> 00:20:00,380 S5: I've never been able to do that. Yeah. Um, but 354 00:20:00,380 --> 00:20:02,540 S5: this 400 1KI went to the bank and I said, hey, 355 00:20:02,540 --> 00:20:04,460 S5: I need to roll these over. What do I do? 356 00:20:04,700 --> 00:20:07,699 S5: And he gave me a few, 2 or 3 options. Um, 357 00:20:08,220 --> 00:20:10,620 S5: you know, all of them were, you know, okay. Um, 358 00:20:10,619 --> 00:20:13,540 S5: one of them was seemed a lot better, but the 359 00:20:13,540 --> 00:20:17,620 S5: one that was a lot better was an American balanced fund. 360 00:20:17,900 --> 00:20:18,820 S5: You ever heard of that? 361 00:20:19,060 --> 00:20:19,620 S1: I sure have. 362 00:20:19,700 --> 00:20:23,740 S5: An American balanced fund, um, through capital Group. And it 363 00:20:23,740 --> 00:20:28,900 S5: was like a 3.5% upfront boom. One time fee. Yeah, 364 00:20:28,940 --> 00:20:31,450 S5: that's a chunk of change. Yeah. And then it was 365 00:20:31,450 --> 00:20:35,530 S5: like a one or a 1.5% per year. Um, you know, 366 00:20:35,570 --> 00:20:39,090 S5: management fee. And I thought, man, that sounds kind of counterintuitive. 367 00:20:39,369 --> 00:20:41,729 S5: You know, um, I can only put so much I 368 00:20:41,730 --> 00:20:44,210 S5: can roll over everything on these two checks because it's 369 00:20:44,210 --> 00:20:46,650 S5: a rollover. But I still got a bunch of money 370 00:20:46,650 --> 00:20:49,690 S5: in the bank that I want to add to it. 371 00:20:49,690 --> 00:20:51,970 S5: But you said, you know, in January you can put 372 00:20:51,970 --> 00:20:54,850 S5: 16,000 in there because of your age. You can you 373 00:20:54,850 --> 00:20:59,649 S5: can make those contributions. Um, so I wouldn't have to 374 00:20:59,690 --> 00:21:03,410 S5: pay that 3.5% on the 16,000. But what I'm rolling over, 375 00:21:03,450 --> 00:21:06,770 S5: I mean, those normal fees, I've never seen a fee 376 00:21:06,810 --> 00:21:08,810 S5: like that on my 401 K statements. 377 00:21:09,010 --> 00:21:13,449 S1: Yeah. No you wouldn't. So these are load fees for, um, 378 00:21:13,450 --> 00:21:17,050 S1: you know, a particular class of mutual fund that has 379 00:21:17,050 --> 00:21:20,169 S1: a front end load. Uh, those can go as high as, 380 00:21:20,330 --> 00:21:24,810 S1: you know, almost 6%. Uh, the American Funds is probably 381 00:21:24,810 --> 00:21:28,570 S1: an A share, which is that up front load. And, 382 00:21:28,609 --> 00:21:30,709 S1: you know, you may have invested enough to get a 383 00:21:30,710 --> 00:21:33,350 S1: reduced break point. Let's do this. I want to kind 384 00:21:33,390 --> 00:21:36,270 S1: of break down the various options for you in terms 385 00:21:36,270 --> 00:21:39,350 S1: of how you should think about investing going forward, because 386 00:21:39,350 --> 00:21:41,470 S1: it has a lot to do with who's making the 387 00:21:41,470 --> 00:21:44,870 S1: decisions and then how you get charged or how they 388 00:21:44,869 --> 00:21:48,350 S1: get paid for their work. And there's a variety of approaches, 389 00:21:48,350 --> 00:21:49,910 S1: and I want to make sure you have a good 390 00:21:49,910 --> 00:21:52,709 S1: feel for for what those are. So Gary, stay right there. 391 00:21:52,750 --> 00:21:54,550 S1: We'll pick it up on the other side of the break. 392 00:21:54,550 --> 00:22:05,550 S1: We'll be right back on Faith and finance live. Great 393 00:22:05,550 --> 00:22:07,670 S1: to have you with us today on Faith and finance live. 394 00:22:07,670 --> 00:22:10,430 S1: I'm Rob West. We're taking your calls and questions today. 395 00:22:10,430 --> 00:22:17,350 S1: That number 800 525 7000. That's 800 525 7000. We'd 396 00:22:17,350 --> 00:22:18,950 S1: love to hear from you today. We do have some 397 00:22:18,950 --> 00:22:22,389 S1: lines open. Uh, our team is ready to take your call. Uh, 398 00:22:22,390 --> 00:22:25,469 S1: before the break, we were talking to Gary in Indianapolis. 399 00:22:25,510 --> 00:22:29,300 S1: Gary got a later start with his retirement savings and 400 00:22:29,300 --> 00:22:31,899 S1: but he's been as of late able with quite a 401 00:22:31,900 --> 00:22:35,700 S1: bit of margin surplus each month to sock away a 402 00:22:35,700 --> 00:22:39,020 S1: good bit into his retirement account. And he was surprised 403 00:22:39,020 --> 00:22:42,300 S1: to see, you know, the various approaches to how he 404 00:22:42,300 --> 00:22:45,699 S1: was having to pay for these investments. One was a 405 00:22:45,700 --> 00:22:49,780 S1: $450 upfront flat fee and then a 1% a year. 406 00:22:49,980 --> 00:22:54,580 S1: Another one, an American's Fund balanced mutual fund, quoted him 407 00:22:54,580 --> 00:22:59,180 S1: an upfront charge of of 3.5%, which is a front 408 00:22:59,180 --> 00:23:03,020 S1: end load. Gary, let me unpack the various ways. You know, 409 00:23:03,060 --> 00:23:06,660 S1: you can be charged in terms of how you invest. 410 00:23:06,660 --> 00:23:09,139 S1: And I'll break these down into two categories. The first 411 00:23:09,140 --> 00:23:12,060 S1: is when you work with a financial advisor, and the 412 00:23:12,060 --> 00:23:14,459 S1: second is when you do it yourself. So when you 413 00:23:14,460 --> 00:23:17,859 S1: work with a financial advisor, there's three main ways advisors 414 00:23:17,900 --> 00:23:20,900 S1: get paid for helping you invest. The first is what's 415 00:23:20,900 --> 00:23:24,379 S1: called an AUM fee. Assets under management. So it's a 416 00:23:24,380 --> 00:23:29,730 S1: percentage of the assets. This is most common today. That 417 00:23:29,730 --> 00:23:32,250 S1: wasn't the case, you know, a couple of decades ago. 418 00:23:32,250 --> 00:23:34,930 S1: It is the norm today. And basically how it works 419 00:23:34,930 --> 00:23:38,570 S1: is you pay a percentage of your investments each year, 420 00:23:38,810 --> 00:23:42,930 S1: usually around 1%. It can go higher than that if 421 00:23:42,930 --> 00:23:46,330 S1: you have a smaller account. It typically goes lower than 422 00:23:46,330 --> 00:23:50,290 S1: that as you get up into, you know, beyond $1 million, 423 00:23:50,290 --> 00:23:53,869 S1: you might come down below 1%, but somewhere between three 424 00:23:53,869 --> 00:23:57,730 S1: quarters of a point and 1.5% a year is probably 425 00:23:57,730 --> 00:24:00,770 S1: what you're going to be paying, and you get ongoing guidance. 426 00:24:00,810 --> 00:24:04,450 S1: Often they will roll the retirement planning into that. They'll 427 00:24:04,450 --> 00:24:08,369 S1: certainly take discretion over the investment management. You have someone 428 00:24:08,369 --> 00:24:11,690 S1: to call, you know, when life changes, it's easy to understand. 429 00:24:11,690 --> 00:24:15,170 S1: And your advisor is incented because they only get a 430 00:24:15,170 --> 00:24:18,290 S1: raise when your account grows and it eliminates all the 431 00:24:18,290 --> 00:24:22,889 S1: upfront commissions. The second is in fact a commission based 432 00:24:22,890 --> 00:24:26,709 S1: advisor who either gets a front end load, like you mentioned, 433 00:24:26,750 --> 00:24:30,070 S1: that 3.5%, which was probably discounted. A lot of times 434 00:24:30,070 --> 00:24:33,430 S1: it's it's higher than that 5% or more or a 435 00:24:33,430 --> 00:24:37,790 S1: back end load where there's no upfront fee. You pay 436 00:24:37,790 --> 00:24:41,520 S1: a declining sales charge if you sell within 6 or 437 00:24:41,520 --> 00:24:45,830 S1: 7 years. And basically they get paid if you leave early, 438 00:24:45,830 --> 00:24:48,310 S1: but it's on the back end. And then there's what's 439 00:24:48,310 --> 00:24:51,070 S1: called a level load where it's not up front or 440 00:24:51,070 --> 00:24:54,510 S1: back end, but it's, you know, embedded in the fund 441 00:24:54,510 --> 00:24:56,830 S1: every year. It's kind of a pay as you go. 442 00:24:57,070 --> 00:25:00,350 S1: That might be that 1% charge you were talking about. 443 00:25:00,830 --> 00:25:03,550 S1: And that's usually with the C shares. There's A shares 444 00:25:03,590 --> 00:25:06,750 S1: B shares and and C shares. The benefit of the 445 00:25:06,750 --> 00:25:10,470 S1: Commission might be for a smaller account without that ongoing 446 00:25:10,510 --> 00:25:14,590 S1: advisor bill. The downside is and it's not my favorite approach, 447 00:25:14,590 --> 00:25:19,070 S1: it can be expensive. The fund choices are limited, and 448 00:25:19,070 --> 00:25:22,189 S1: the advisor is paid by getting you to make a 449 00:25:22,190 --> 00:25:26,460 S1: new transaction, which doesn't necessarily, you know, put the emphasis 450 00:25:26,460 --> 00:25:30,140 S1: on just serving you at the very best product. And 451 00:25:30,140 --> 00:25:32,820 S1: then the third approach is a flat fee or hourly 452 00:25:32,820 --> 00:25:37,660 S1: planning that's typically for, you know, just the straight advice 453 00:25:38,100 --> 00:25:41,700 S1: without the asset management. Now when you do it yourself 454 00:25:41,700 --> 00:25:45,100 S1: without an advisor, you typically would use something called a 455 00:25:45,140 --> 00:25:48,619 S1: no load mutual fund, which are most index funds today 456 00:25:48,619 --> 00:25:51,980 S1: where there's no commissions, no no front end, no back end, 457 00:25:52,020 --> 00:25:54,940 S1: no nothing. Uh, and then you just have an expense 458 00:25:54,940 --> 00:25:58,820 S1: ratio built in. And that's usually, you know, the Fidelitys 459 00:25:58,820 --> 00:26:01,980 S1: and the Schwab's. That's the lowest cost option. You could 460 00:26:01,980 --> 00:26:06,060 S1: also have a robo advisor where it's basically a computer 461 00:26:06,060 --> 00:26:09,940 S1: algorithm that's helping to build the portfolio for you based 462 00:26:09,940 --> 00:26:13,460 S1: on the questions you answer. And then there's what's called self-directed, 463 00:26:13,460 --> 00:26:17,740 S1: where you're essentially buying and selling yourself stocks bonds, mutual funds. 464 00:26:17,980 --> 00:26:21,619 S1: So those are kind of the the various approaches. And 465 00:26:21,720 --> 00:26:25,360 S1: if you're with an advisor, I would say a better approach, 466 00:26:25,359 --> 00:26:27,960 S1: especially as you build more and more wealth, would not 467 00:26:27,960 --> 00:26:31,600 S1: be the commissioned approach that it sounds like you've been in, 468 00:26:31,800 --> 00:26:36,720 S1: but probably moving to that percentage of assets under management approach, 469 00:26:37,280 --> 00:26:39,719 S1: which would be what most advisors do today. But give 470 00:26:39,760 --> 00:26:41,199 S1: me your thoughts on all that. 471 00:26:42,560 --> 00:26:47,200 S5: Um, so if they're if they're the one I picked 472 00:26:47,200 --> 00:26:49,280 S5: was the one he he said was going to be, 473 00:26:49,520 --> 00:26:52,800 S5: you know, the I want to say it was around 3.5% 474 00:26:52,840 --> 00:26:57,359 S5: up front, flat fee and then 1% per year. That's 475 00:26:57,359 --> 00:27:01,760 S5: the one I chose because it, it you know, at 476 00:27:01,760 --> 00:27:03,960 S5: my age I probably shouldn't go aggressive, but I'm going 477 00:27:04,000 --> 00:27:07,439 S5: a little more aggressive than probably I should. Um, I 478 00:27:07,560 --> 00:27:09,920 S5: really got a good feel about the AI and some 479 00:27:09,920 --> 00:27:12,120 S5: of this other stuff. Do I like what AI does? No, 480 00:27:12,119 --> 00:27:15,320 S5: but I think it's going to make some money. Um, um, 481 00:27:16,040 --> 00:27:21,590 S5: you know, the the, the 3.5% up front and a 1%. 482 00:27:21,590 --> 00:27:23,590 S5: I just thought that was a bit much, but I 483 00:27:23,590 --> 00:27:27,310 S5: liked I liked the return, I liked, um, you know, 484 00:27:27,470 --> 00:27:31,830 S5: the vehicles that was using, um, but, you know, that's 485 00:27:31,830 --> 00:27:35,230 S5: why I'm calling you is because I don't know if if, 486 00:27:35,270 --> 00:27:38,110 S5: you know, there's there's something out else out there that 487 00:27:38,430 --> 00:27:40,830 S5: I'm not experienced in this. Uh, like I said, I 488 00:27:41,030 --> 00:27:42,310 S5: know how to spend money. I don't know how to 489 00:27:42,350 --> 00:27:44,030 S5: save it. Just saving stuff is new to me. 490 00:27:44,310 --> 00:27:46,909 S1: Well, I don't really like the what you're describing. I mean, 491 00:27:46,910 --> 00:27:48,270 S1: if you would have called me before you bought it 492 00:27:48,270 --> 00:27:50,190 S1: and said, Rob, should I get into a mutual fund 493 00:27:50,190 --> 00:27:53,070 S1: where I'm going to pay a 3.5% upfront load, and 494 00:27:53,070 --> 00:27:54,909 S1: then I'm going to pay 1% a year, and I 495 00:27:54,910 --> 00:27:58,470 S1: don't have an advisor who's overseeing this. Basically, he's just 496 00:27:58,510 --> 00:28:00,710 S1: kind of said, yeah, I like this, but I'm making 497 00:28:00,710 --> 00:28:04,710 S1: the decisions. I would say that's a very expensive mutual fund. 498 00:28:04,869 --> 00:28:08,870 S1: You could find other funds, either mutual funds or exchange 499 00:28:08,869 --> 00:28:12,630 S1: traded funds that give you the exposure to the, you know, 500 00:28:12,670 --> 00:28:15,390 S1: asset classes and sectors that you want. If you want 501 00:28:15,390 --> 00:28:19,930 S1: to be tech heavy, even AI, you can recreate that 502 00:28:19,930 --> 00:28:24,010 S1: in a much less expensive approach with exchange traded funds 503 00:28:24,010 --> 00:28:29,090 S1: and and other low load or no load mutual funds. Um, my. 504 00:28:29,570 --> 00:28:31,050 S1: So that wouldn't have been the way I would go. 505 00:28:31,090 --> 00:28:33,889 S1: I would have said, let's do that another way. But 506 00:28:33,890 --> 00:28:36,490 S1: I think to your latter point about, hey, I don't 507 00:28:36,490 --> 00:28:39,090 S1: really know what I'm doing at this point and, you know, 508 00:28:39,130 --> 00:28:43,530 S1: this is not my expertise. Um, that's where most people 509 00:28:43,530 --> 00:28:46,130 S1: are at, which is why I would say, go get 510 00:28:46,130 --> 00:28:49,170 S1: a certified Kingdom advisor who can sit with you, do 511 00:28:49,170 --> 00:28:53,730 S1: the discovery, understand your income needs, your your risk tolerance, 512 00:28:53,730 --> 00:28:57,130 S1: your age, your goals and objectives, where God is taking you, 513 00:28:57,130 --> 00:29:00,290 S1: how much you no longer. You're planning to work all 514 00:29:00,330 --> 00:29:03,730 S1: those things and then let that advisor build and manage 515 00:29:03,730 --> 00:29:08,290 S1: on an ongoing basis the investment portfolio. I would say, 516 00:29:08,330 --> 00:29:10,370 S1: you know, that would be the approach I would rather 517 00:29:10,370 --> 00:29:13,530 S1: you take, rather than you making the buy and sell 518 00:29:13,530 --> 00:29:15,610 S1: decisions and paying these high loads. 519 00:29:16,210 --> 00:29:19,680 S5: Yeah. Well, the good news is I haven't signed anything yet. 520 00:29:19,880 --> 00:29:23,720 S5: I'm still waiting. They. He directed me to call my, 521 00:29:23,760 --> 00:29:25,920 S5: you know, the, you know, core bridge and these other 522 00:29:25,920 --> 00:29:30,240 S5: people that have my money and have them, um, do 523 00:29:30,240 --> 00:29:33,120 S5: a rollover, cut me the check or cut them the 524 00:29:33,120 --> 00:29:38,560 S5: check in care of whoever with me as the, um, 525 00:29:38,840 --> 00:29:41,760 S5: in my in care of myself. And then they give 526 00:29:41,760 --> 00:29:44,000 S5: me some kind of special envelopes, and I don't understand 527 00:29:44,000 --> 00:29:45,920 S5: all that either. But then I mail those checks, and 528 00:29:45,920 --> 00:29:48,040 S5: then he does all the work, and then I go sign. 529 00:29:48,040 --> 00:29:50,440 S5: So I haven't done anything yet. Yeah, I haven't got 530 00:29:50,440 --> 00:29:53,080 S5: the text. So yeah, I can well, you know. 531 00:29:53,480 --> 00:29:56,239 S1: And I wouldn't even, I wouldn't even like you to 532 00:29:56,240 --> 00:29:58,320 S1: do that. I mean, what I would do is I'd 533 00:29:58,320 --> 00:30:01,120 S1: pick the adviser that you want to work with and 534 00:30:01,120 --> 00:30:04,160 S1: then let the adviser, you know, have you fill out 535 00:30:04,160 --> 00:30:07,320 S1: the paperwork so that the assets go directly from where 536 00:30:07,320 --> 00:30:10,719 S1: they are now, directly into your new account that the 537 00:30:10,720 --> 00:30:14,000 S1: adviser is managing? You don't want to touch it because 538 00:30:14,000 --> 00:30:16,340 S1: you don't want to take a chance that it's somehow, 539 00:30:16,620 --> 00:30:20,780 S1: you know, seen as a distribution to you, which is taxable. 540 00:30:20,980 --> 00:30:22,940 S1: You want it to go right from where it is 541 00:30:22,940 --> 00:30:27,340 S1: today in the 401 K to your new IRA, wherever 542 00:30:27,340 --> 00:30:31,220 S1: your new advisor custodies his or her assets. It never 543 00:30:31,220 --> 00:30:34,860 S1: comes to you. It's a direct rollover, and therefore there's 544 00:30:34,860 --> 00:30:38,020 S1: never any question about whether there's a taxable event that 545 00:30:38,020 --> 00:30:40,900 S1: has occurred. And then from that point forward, you've already 546 00:30:40,900 --> 00:30:44,060 S1: done the discovery meetings and the advisors off to the races, 547 00:30:44,260 --> 00:30:46,700 S1: you know, to to manage the money. Let's do this. 548 00:30:46,700 --> 00:30:48,340 S1: I want to send you a book. I also want 549 00:30:48,380 --> 00:30:50,020 S1: to make sure you don't have any other questions. So 550 00:30:50,020 --> 00:30:52,060 S1: stay on the line. We'll talk a bit more off 551 00:30:52,060 --> 00:31:03,900 S1: the air. We'll be right back with Faith and Finance Live. Hey, 552 00:31:03,900 --> 00:31:06,180 S1: thanks for joining us today on Faith and Finance Live. 553 00:31:06,180 --> 00:31:08,500 S1: Big thanks to Gary for calling in. Gary. I didn't 554 00:31:08,500 --> 00:31:10,420 S1: get a chance to tell you. I'm so appreciative of 555 00:31:10,420 --> 00:31:14,650 S1: just your kind remarks about the program and really grateful 556 00:31:14,650 --> 00:31:16,530 S1: to be able to visit with you today. Thanks for 557 00:31:16,530 --> 00:31:19,250 S1: your call to Pennsylvania, Diane. Go ahead. 558 00:31:20,930 --> 00:31:24,890 S6: Hi. Thank you so much for taking my call. Uh, 559 00:31:24,890 --> 00:31:29,610 S6: my story is I'm 71 years old, never married, worked 560 00:31:29,610 --> 00:31:35,050 S6: my entire life, and I rented all throughout life. And 561 00:31:35,090 --> 00:31:39,610 S6: in 2020 4th October, I had the opportunity to buy 562 00:31:39,610 --> 00:31:45,850 S6: into a retirement community here in Lancaster. So I did not, 563 00:31:45,890 --> 00:31:48,650 S6: of course, have a house to sell or anything like that. 564 00:31:48,650 --> 00:31:52,450 S6: So I withdrew from my IRA where I put all 565 00:31:52,450 --> 00:31:57,290 S6: my money. And so now, um, two weeks ago, I 566 00:31:57,290 --> 00:32:00,570 S6: got a notice from Social Security. My new rates for 567 00:32:00,890 --> 00:32:06,290 S6: next year is based on the modified adjusted gross income 568 00:32:06,570 --> 00:32:13,750 S6: of $183,692. And that blew me away, because usually I 569 00:32:13,750 --> 00:32:19,350 S6: have 17 or 18,000, and my Social Security payments up 570 00:32:19,430 --> 00:32:26,470 S6: for next year have gone down $340.40 a month, compared, um, 571 00:32:26,590 --> 00:32:31,750 S6: to to, and it'll total like $4,084 a year for 572 00:32:31,750 --> 00:32:35,390 S6: the year. And it's like, I can't believe this because, 573 00:32:35,670 --> 00:32:39,670 S6: you know, it's like it's so upsetting. I don't know 574 00:32:39,670 --> 00:32:40,830 S6: how I'm going to make it. 575 00:32:41,150 --> 00:32:44,270 S1: Yeah, well, the good news this is is only temporary, 576 00:32:44,270 --> 00:32:46,950 S1: but I realize that it's a big deal. And you're 577 00:32:46,950 --> 00:32:49,390 S1: trying to live on a fixed income. And and this 578 00:32:49,390 --> 00:32:52,110 S1: has put a real strain on that. And I wish 579 00:32:52,110 --> 00:32:53,510 S1: I would have been able to talk to you before 580 00:32:53,510 --> 00:32:55,670 S1: you took the withdrawal so we could have spread it out. 581 00:32:55,670 --> 00:32:59,070 S1: But I certainly understand, you know, you didn't under understand 582 00:32:59,070 --> 00:33:03,910 S1: what the implications were. Uh, what happened is tax and 583 00:33:03,910 --> 00:33:09,830 S1: Medicare cap calculations kicked in because of the large IRA withdrawal. 584 00:33:10,310 --> 00:33:15,660 S1: So the The 118,000 IRA withdrawal is fully taxable. You 585 00:33:15,700 --> 00:33:19,500 S1: normally have about 17 or 18,000 in income, but that 586 00:33:19,500 --> 00:33:25,940 S1: particular year of the withdrawal, your income jumped to 183,000 587 00:33:25,980 --> 00:33:29,140 S1: because you used to your IRA to pay the retirement 588 00:33:29,140 --> 00:33:33,620 S1: community buy in. And that big increase pushed you into 589 00:33:33,620 --> 00:33:39,060 S1: the highest tier for both taxation of your Social Security 590 00:33:39,380 --> 00:33:43,780 S1: and what's called a Medicare Irma charge, an income related 591 00:33:43,780 --> 00:33:49,150 S1: Medicare premium. So together they those can easily take 3 592 00:33:49,150 --> 00:33:53,060 S1: to 400 a month from your Social Security check. So 593 00:33:53,100 --> 00:33:58,940 S1: that $340 reduction is almost certainly higher Medicare premiums being 594 00:33:58,940 --> 00:34:04,100 S1: withheld plus the higher tax withholding. So you're not losing benefits. 595 00:34:04,100 --> 00:34:08,060 S1: You're just losing the the net cash flow because your 596 00:34:08,060 --> 00:34:12,719 S1: income spiked. This is a one year problem only. It was, 597 00:34:12,760 --> 00:34:15,520 S1: you know, caused by that IRA withdrawal. Once your income 598 00:34:15,520 --> 00:34:19,320 S1: goes back down, your Medicare and your tax withholding should 599 00:34:19,320 --> 00:34:23,040 S1: also go back down. But usually with a one year 600 00:34:23,040 --> 00:34:27,600 S1: lag because Medicare looks at income from two years prior. 601 00:34:28,000 --> 00:34:34,280 S1: So high income in 2024 means higher Medicare premiums in 2026. 602 00:34:34,640 --> 00:34:37,640 S1: So once your income drops again, then the premium should 603 00:34:37,640 --> 00:34:42,040 S1: return to normal. Now, what you can do is because 604 00:34:42,040 --> 00:34:45,359 S1: the income spike was one time a life changing event, 605 00:34:45,560 --> 00:34:50,040 S1: you can file a form, uh, and request a reduction 606 00:34:50,040 --> 00:34:55,040 S1: in your Medicare premium. Uh, qualifying life changing events include 607 00:34:55,080 --> 00:34:59,240 S1: a retirement, a loss of income, a change in pension, 608 00:34:59,520 --> 00:35:04,080 S1: and a large one time withdrawal will often qualify when 609 00:35:04,080 --> 00:35:07,759 S1: it's tied to a move or a long term care situation. 610 00:35:07,960 --> 00:35:13,230 S1: Appeals are very common and often approved. So I would consider, uh, 611 00:35:13,230 --> 00:35:16,549 S1: you know, doing that and, and reaching out to the 612 00:35:16,550 --> 00:35:19,590 S1: Social Security Administration in that regard. Okay. 613 00:35:20,469 --> 00:35:24,190 S6: Now, um, to I should have mentioned, I did um, 614 00:35:24,190 --> 00:35:27,190 S6: I received this Saturday two weeks ago. Monday morning I 615 00:35:27,190 --> 00:35:30,590 S6: did go to the Social Security office, and they told 616 00:35:30,590 --> 00:35:33,790 S6: me they gave me paperwork on life changing events, which 617 00:35:33,830 --> 00:35:38,550 S6: this does not qualify. So they said, I've just got 618 00:35:38,550 --> 00:35:41,950 S6: to get through the year. And I even went to the, um, 619 00:35:42,150 --> 00:35:48,310 S6: House of Representatives here in Lancaster and, um, met with 620 00:35:48,310 --> 00:35:52,149 S6: them too. And they're basically saying the same thing. But, um, 621 00:35:52,150 --> 00:35:55,630 S6: the representative did send a letter back to me today 622 00:35:55,670 --> 00:36:00,710 S6: stating that he has it under review with Social Security again. So. 623 00:36:00,750 --> 00:36:03,390 S1: Okay. Well that's good. I mean, let's let's make that 624 00:36:03,390 --> 00:36:06,390 S1: a matter of prayer. Uh, the good news is, Diane, 625 00:36:06,430 --> 00:36:09,250 S1: regardless of how this comes out and let's say, you know, 626 00:36:09,290 --> 00:36:11,250 S1: maybe they review it in your favor and it happens 627 00:36:11,250 --> 00:36:15,210 S1: right away, even if it doesn't eventually, you know, once 628 00:36:15,210 --> 00:36:19,250 S1: we get through this, this one year of this, they're 629 00:36:19,250 --> 00:36:21,370 S1: going to see that your income went right back to 630 00:36:21,410 --> 00:36:24,330 S1: what it was. And, you know, this was a one 631 00:36:24,330 --> 00:36:27,330 S1: time spike. And then everything will reset. I realize you're 632 00:36:27,330 --> 00:36:29,609 S1: going to have to make it until that point. And 633 00:36:29,610 --> 00:36:33,250 S1: so let's let's hope and pray that this additional, uh, 634 00:36:33,290 --> 00:36:38,129 S1: review that's happening will result in a decision in your favor. But, uh, 635 00:36:38,130 --> 00:36:40,650 S1: this is temporary. And and so maybe you need to 636 00:36:40,650 --> 00:36:43,570 S1: reach out to your church, see if they could help or, um, 637 00:36:43,610 --> 00:36:47,689 S1: you know, some other mechanism. But that's essentially the explanation 638 00:36:47,690 --> 00:36:50,650 S1: for why it's happening. Uh, all the best to you, Diane. 639 00:36:50,690 --> 00:36:52,569 S1: I appreciate your call today. And if we can help 640 00:36:52,570 --> 00:36:55,290 S1: further along the way, don't hesitate to reach out. God 641 00:36:55,290 --> 00:36:58,410 S1: bless you. Uh. Nashville, Tennessee. Derek, how can I help? 642 00:36:59,610 --> 00:37:01,489 S7: Hey, there. Thank you, by the way, so much for 643 00:37:01,489 --> 00:37:03,569 S7: what you do. We are very grateful for that. Just 644 00:37:03,570 --> 00:37:04,610 S7: wanted to mention that. 645 00:37:04,650 --> 00:37:05,690 S1: Yeah, I appreciate that. 646 00:37:06,880 --> 00:37:09,600 S7: Um, my question for you is, uh, we inherited a 647 00:37:09,600 --> 00:37:12,600 S7: time share, and we are not using it, and so 648 00:37:12,640 --> 00:37:15,880 S7: we've been paying our taxes on it, but we've been 649 00:37:16,120 --> 00:37:21,279 S7: defaulting on the fees because we're not utilizing it, so 650 00:37:21,280 --> 00:37:24,520 S7: it's gone into foreclosure on purpose. We are kind of 651 00:37:24,560 --> 00:37:28,239 S7: purposely letting it go because in our, you know, lack 652 00:37:28,239 --> 00:37:31,200 S7: of information of how this whole process goes with timeshares, 653 00:37:31,200 --> 00:37:34,280 S7: because we don't know much about them is the value 654 00:37:34,280 --> 00:37:37,319 S7: of it seems to be anywhere between maybe only like 655 00:37:37,360 --> 00:37:42,960 S7: 1000 to $3000, but these fees are around $2,600. So 656 00:37:43,680 --> 00:37:45,920 S7: in essence, it wouldn't make sense for us to hold 657 00:37:45,920 --> 00:37:47,960 S7: on to it to pay these fees if we're not 658 00:37:48,320 --> 00:37:51,040 S7: utilizing it. So we're thinking the best thing to do 659 00:37:51,040 --> 00:37:55,080 S7: is have it go in foreclosure. But my concern is 660 00:37:55,600 --> 00:37:58,800 S7: as far as getting a loan in the future, does 661 00:37:58,800 --> 00:38:04,000 S7: that foreclosure on our record, uh, have any bearing in underwriting? 662 00:38:05,260 --> 00:38:08,340 S1: Yeah, I mean that that really can hurt your credit. 663 00:38:08,340 --> 00:38:10,819 S1: So even though it's quote just a time share, the 664 00:38:10,820 --> 00:38:13,819 S1: lender reports it the same way they would report a 665 00:38:13,820 --> 00:38:19,660 S1: home foreclosure or repossession or a major delinquency. Um, you know, 666 00:38:19,700 --> 00:38:23,140 S1: a foreclosure typically stays on your credit report for seven years, 667 00:38:23,140 --> 00:38:24,980 S1: and it's going to make it harder to qualify for 668 00:38:24,980 --> 00:38:29,420 S1: a mortgage or get good interest rates or refinance later. So, yes, 669 00:38:29,460 --> 00:38:33,380 S1: letting it foreclose will absolutely affect your credit when buying 670 00:38:33,380 --> 00:38:37,300 S1: real estate. Um, you know, in terms of the paths 671 00:38:37,300 --> 00:38:40,460 S1: forward and I realize they're not any that are real 672 00:38:40,460 --> 00:38:42,819 S1: simple because I wouldn't use an exit company. I think 673 00:38:42,820 --> 00:38:45,859 S1: there's just a lot of, uh, you know, really difficult 674 00:38:45,860 --> 00:38:49,380 S1: situations out there where, you know, there's a lot of fraudsters, 675 00:38:49,420 --> 00:38:50,940 S1: a lot of people charge you a lot of high 676 00:38:50,980 --> 00:38:53,859 S1: fees and really don't do anything for you. I mean, 677 00:38:53,900 --> 00:38:56,740 S1: the best option, but it's they're hard to come by 678 00:38:56,739 --> 00:38:59,060 S1: is where you call the timeshare company and ask for 679 00:38:59,060 --> 00:39:03,049 S1: what's called the deed back program. Many companies now have 680 00:39:03,050 --> 00:39:05,489 S1: a deed back or a surrender program where you can 681 00:39:05,489 --> 00:39:09,850 S1: return it voluntarily. There's no foreclosure, no impact on your credit. 682 00:39:09,890 --> 00:39:12,529 S1: It's cleaner and faster. You'd want to start there. If 683 00:39:12,530 --> 00:39:14,890 S1: they don't have that, then you could try to sell 684 00:39:14,890 --> 00:39:17,930 S1: it or give it away. Even selling it for a dollar. 685 00:39:17,969 --> 00:39:21,490 S1: I mean, there are marketplaces where, you know, you can, 686 00:39:21,810 --> 00:39:26,330 S1: as an owner, list a timeshare for free. Uh, one 687 00:39:26,330 --> 00:39:29,850 S1: of them is the timeshare Users group. That's probably the 688 00:39:29,850 --> 00:39:38,170 S1: biggest one. Uh, and it's tug two. Tug the number 2.com. Um, 689 00:39:38,410 --> 00:39:43,090 S1: and they provide resale options and guides for owners trying 690 00:39:43,090 --> 00:39:46,370 S1: to exit without harming their credit. Um, you know, the 691 00:39:46,370 --> 00:39:49,850 S1: third option is negotiate a settlement to avoid foreclosure. So 692 00:39:49,850 --> 00:39:53,009 S1: if you're already behind, sometimes you can negotiate with the 693 00:39:53,010 --> 00:39:57,370 S1: lender to settle the debt for a lesser amount and 694 00:39:57,370 --> 00:40:01,330 S1: then close the account as paid slash settled. And that 695 00:40:01,430 --> 00:40:05,750 S1: again avoids the foreclosure notation, which is not ideal, but 696 00:40:05,750 --> 00:40:09,310 S1: better than a full foreclosure. On your credit, you'd only 697 00:40:09,310 --> 00:40:12,430 S1: want to allow foreclosure as an absolute last resort. 698 00:40:13,950 --> 00:40:16,549 S7: Okay. My question on that, though, is from because I 699 00:40:16,550 --> 00:40:18,750 S7: just got off the phone with the foreclosure company and 700 00:40:18,750 --> 00:40:22,630 S7: they said that this doesn't the foreclosure does not go 701 00:40:22,630 --> 00:40:25,709 S7: on our record or credit one bit because it does 702 00:40:25,710 --> 00:40:29,870 S7: not have a loan against it. This is something that's 703 00:40:29,870 --> 00:40:33,989 S7: paid off that doesn't have any, you know, that's not attached. 704 00:40:33,989 --> 00:40:37,190 S7: So it's my understanding from what they told me, is 705 00:40:37,830 --> 00:40:40,030 S7: our credit would not be affected if it goes into 706 00:40:40,030 --> 00:40:44,030 S7: foreclosure since it doesn't have a loan attached to it. 707 00:40:44,670 --> 00:40:49,390 S1: Hmm. Interesting. Yeah. Um, I mean, obviously I would have 708 00:40:49,390 --> 00:40:52,069 S1: them give that to you in writing just to make 709 00:40:52,110 --> 00:40:55,790 S1: sure that's not somebody who's ill informed. Um, because you 710 00:40:55,830 --> 00:40:59,590 S1: want to make sure that you're getting good counsel there. Uh, 711 00:40:59,630 --> 00:41:02,580 S1: but even then, I would just see what you can 712 00:41:02,580 --> 00:41:07,299 S1: do to avoid the classification being a foreclosure. I just 713 00:41:07,300 --> 00:41:10,180 S1: don't like that. Uh, you know, I would rather there 714 00:41:10,219 --> 00:41:13,379 S1: be some sort of arrangement that they would be willing 715 00:41:13,420 --> 00:41:15,859 S1: to give to you in writing that, um, you know, 716 00:41:15,940 --> 00:41:20,060 S1: they're willing to let this go. And, you know, maybe 717 00:41:20,060 --> 00:41:23,460 S1: you pay a certain amount to do that or something. But, uh, 718 00:41:23,460 --> 00:41:26,220 S1: the idea that they're calling it a foreclosure just doesn't 719 00:41:26,219 --> 00:41:27,380 S1: really sit well with me. 720 00:41:29,020 --> 00:41:31,100 S7: That sounds. I agree with you. I don't like to 721 00:41:31,140 --> 00:41:33,420 S7: sound foreclosures either, so. Yeah. 722 00:41:34,420 --> 00:41:36,219 S1: Uh, yeah. But at the end of the day, I mean, 723 00:41:36,219 --> 00:41:37,380 S1: they're going to have to you're going to have to 724 00:41:37,380 --> 00:41:39,259 S1: trust their counsel. I mean, you could always get an 725 00:41:39,260 --> 00:41:43,820 S1: attorney involved and just have somebody that is representing you, um, 726 00:41:44,260 --> 00:41:47,140 S1: and look it over just to, to verify and knows 727 00:41:47,140 --> 00:41:50,940 S1: the questions to ask. But, um, you know, if they are, 728 00:41:51,340 --> 00:41:53,940 S1: you know, giving you that promise, then, uh, you know, 729 00:41:53,980 --> 00:41:55,980 S1: I think the other approach is to say, great, can 730 00:41:55,980 --> 00:41:59,040 S1: I get that in writing? And, uh, you know, that's 731 00:41:59,040 --> 00:42:02,120 S1: always a better option. Listen, all the best to you, Derrick. 732 00:42:02,120 --> 00:42:04,440 S1: We appreciate your call today. And, uh, hopefully you can 733 00:42:04,440 --> 00:42:07,600 S1: get out of this quickly and without any harm to your, uh, 734 00:42:07,600 --> 00:42:10,000 S1: your credit. Thanks for your call today and for your 735 00:42:10,000 --> 00:42:12,640 S1: kind remarks about the program. Well, folks, that's going to 736 00:42:12,640 --> 00:42:14,879 S1: do it for us. Two next steps for you, if 737 00:42:14,880 --> 00:42:18,000 S1: you don't mind, before you start your weekend. One again, 738 00:42:18,040 --> 00:42:21,799 S1: we're doing a national research project. We're doing a survey 739 00:42:21,800 --> 00:42:25,799 S1: of Certified Kingdom Advisor clients. So if you're a client 740 00:42:25,840 --> 00:42:28,560 S1: of a and you're willing to give me ten minutes, 741 00:42:28,600 --> 00:42:35,239 S1: go to faith B-complex that's faith. And also just a 742 00:42:35,239 --> 00:42:38,800 S1: quick reminder, we're not quite yet. Faith is not funded 743 00:42:38,800 --> 00:42:43,200 S1: here at the end of the year, every gift wftv.com/give. 744 00:42:43,480 --> 00:42:45,560 S1: And we'll send you a copy in my new devotional 745 00:42:45,560 --> 00:42:49,320 S1: early next year for every gift. Thanks in advance. Faith 746 00:42:49,320 --> 00:42:52,080 S1: in finance is a partnership between Moody Radio and Faith vie. 747 00:42:52,120 --> 00:42:55,000 S1: To hear a Taylor, Josh and Dan today. We'll see 748 00:42:55,000 --> 00:42:55,840 S1: you next time.