1 00:00:02,800 --> 00:00:06,520 S1: Today's faith and finance live is actually not live, so 2 00:00:06,519 --> 00:00:08,320 S1: our phone lines are not open. 3 00:00:08,360 --> 00:00:12,160 S2: The Bible contains many accounts of God providing miraculously for 4 00:00:12,160 --> 00:00:15,320 S2: his people, but none are more fascinating than the story 5 00:00:15,320 --> 00:00:18,919 S2: of the widow's oil. Hi, I'm Rob West. That passage 6 00:00:18,920 --> 00:00:21,840 S2: is found in second Kings four one through seven. It's 7 00:00:21,840 --> 00:00:25,919 S2: just seven verses, but they're loaded with teaching about God's provision. 8 00:00:26,040 --> 00:00:28,840 S2: Sharon Epps joins us today to unpack the story of 9 00:00:28,840 --> 00:00:31,200 S2: the widow's oil, and how we can apply it to 10 00:00:31,240 --> 00:00:34,440 S2: our lives today. Then we'll have some great calls lined up. 11 00:00:34,440 --> 00:00:37,720 S2: But since we're not live today, please hold your calls 12 00:00:37,720 --> 00:00:41,720 S2: until next time. This is faith and finance. Live biblical 13 00:00:41,720 --> 00:00:48,440 S2: wisdom for your financial journey. Well, it's definitely one of 14 00:00:48,440 --> 00:00:51,120 S2: the highlights of the month when Sharon Epps stops by. 15 00:00:51,159 --> 00:00:55,080 S2: Sharon is president of Kingdom Advisors and a frequent contributor 16 00:00:55,080 --> 00:00:57,280 S2: to Faith finds. Sharon, great to have you here. 17 00:00:57,320 --> 00:00:58,440 S3: I always love to be here. 18 00:00:58,800 --> 00:01:01,150 S2: Sharon, I know you've broken down the story of the 19 00:01:01,150 --> 00:01:04,790 S2: widow's oil basically into God's part and the widow's part. 20 00:01:04,790 --> 00:01:07,270 S2: But I'd love to start today by just reading these 21 00:01:07,270 --> 00:01:08,709 S2: passages from Scripture. 22 00:01:08,750 --> 00:01:10,350 S3: Oh, I love hearing God's Word read. 23 00:01:10,390 --> 00:01:13,789 S2: Let's do it. So we're going into Second Kings chapter four, 24 00:01:13,950 --> 00:01:16,230 S2: verses one through seven, and I'm reading from the New 25 00:01:16,230 --> 00:01:19,470 S2: International Version. The wife of a man from the company 26 00:01:19,470 --> 00:01:22,910 S2: of the prophets cried out to Elisha, your servant, my 27 00:01:22,910 --> 00:01:26,470 S2: husband is dead, and you know that he revered the Lord. 28 00:01:26,470 --> 00:01:29,270 S2: But now his creditor is coming to take my two 29 00:01:29,310 --> 00:01:32,790 S2: boys as his slaves. Elisha replied to her, how can 30 00:01:32,790 --> 00:01:35,190 S2: I help you? Tell me, what do you have in 31 00:01:35,190 --> 00:01:38,350 S2: your house? The servant has nothing there at all, she said, 32 00:01:38,350 --> 00:01:41,830 S2: except a small jar of olive oil. Elisha said, go 33 00:01:41,830 --> 00:01:45,149 S2: around and ask all your neighbors for empty jars. Don't 34 00:01:45,190 --> 00:01:47,990 S2: ask for just a few. Then go inside and shut 35 00:01:47,990 --> 00:01:51,030 S2: the door behind you and your sons. Pour oil into 36 00:01:51,070 --> 00:01:54,150 S2: all the jars, and as each is filled, put it 37 00:01:54,150 --> 00:01:56,950 S2: to one side. She left him and shut the door 38 00:01:56,950 --> 00:01:59,860 S2: behind her and her sons. They brought the jars to 39 00:01:59,900 --> 00:02:03,340 S2: her and she kept pouring. When all the jars were full, 40 00:02:03,340 --> 00:02:06,620 S2: she said to her son, bring me another. But he replied, 41 00:02:06,620 --> 00:02:10,540 S2: there is not a jar left. Then the oil stopped flowing. 42 00:02:10,700 --> 00:02:14,020 S2: She went and told the man of God, and he said, go, 43 00:02:14,060 --> 00:02:16,740 S2: sell the oil and pay your debts. You and your 44 00:02:16,740 --> 00:02:20,179 S2: sons can live on what is left. Wow! That's a 45 00:02:20,180 --> 00:02:23,859 S2: powerful portion of Scripture. Uh, Sharon, I know we're going 46 00:02:23,900 --> 00:02:26,540 S2: to unpack this. Why don't we start with God's part 47 00:02:26,540 --> 00:02:27,380 S2: in this story? 48 00:02:27,740 --> 00:02:31,820 S3: Well, this is my favorite, probably story on God's part 49 00:02:31,820 --> 00:02:35,780 S3: in our part, because it becomes so, so clear. God's 50 00:02:35,780 --> 00:02:38,220 S3: part in the story was he was the provider of 51 00:02:38,220 --> 00:02:42,540 S3: the oil. She had no way to get oil. And 52 00:02:42,540 --> 00:02:45,820 S3: he also provided the buyers to purchase the oil to 53 00:02:45,900 --> 00:02:49,139 S3: pay off the debt. And so you see that she 54 00:02:49,139 --> 00:02:52,940 S3: literally was totally reliant on God for her increase, for 55 00:02:52,940 --> 00:02:57,060 S3: her supply, that she needed to meet her family needs. 56 00:02:57,340 --> 00:03:01,139 S2: She was totally dependent upon God. Yeah, that is very clear. Uh, 57 00:03:01,139 --> 00:03:02,980 S2: what else can you take away from this? 58 00:03:03,020 --> 00:03:06,459 S3: Well, I think that it's easy to think God doesn't 59 00:03:06,460 --> 00:03:10,419 S3: do miracles like that today. And yet there's some key 60 00:03:10,460 --> 00:03:14,820 S3: lessons on the widow's part, too, because she didn't just 61 00:03:14,820 --> 00:03:17,419 S3: sit still and wait for God to pour the oil 62 00:03:17,419 --> 00:03:20,340 S3: into her hands. First of all, she asked for help 63 00:03:20,340 --> 00:03:23,460 S3: from Elisha in the first place. Yeah. She then obeyed 64 00:03:23,460 --> 00:03:28,019 S3: the instructions. She gathered the jars, poured the oil, and 65 00:03:28,020 --> 00:03:32,300 S3: sold the oil. So even though God's our provider, she 66 00:03:32,300 --> 00:03:36,100 S3: had a huge part to play in gathering what he 67 00:03:36,100 --> 00:03:38,980 S3: gave to her. And I think that's so important. And 68 00:03:38,980 --> 00:03:42,740 S3: when we start to think about God's role and our 69 00:03:42,740 --> 00:03:45,940 S3: role in our lives, we see that although he could 70 00:03:45,940 --> 00:03:49,860 S3: just pour out what we need, he expects us to participate. 71 00:03:49,860 --> 00:03:52,660 S3: And yet the flip side is true too. We don't 72 00:03:52,660 --> 00:03:55,570 S3: earn it on our own. It comes from him. 73 00:03:55,930 --> 00:03:59,490 S2: What a wonderful picture of God's provision. And to your point, 74 00:03:59,490 --> 00:04:02,250 S2: our role in that. Now, there's something in particular you 75 00:04:02,250 --> 00:04:04,130 S2: and I talked about just a moment ago, and that 76 00:04:04,130 --> 00:04:06,130 S2: was what we see in verse three. 77 00:04:06,370 --> 00:04:09,810 S3: I love verse three because Elijah said, go around, ask 78 00:04:09,810 --> 00:04:13,090 S3: all your neighbors for empty jars. And he said, don't 79 00:04:13,130 --> 00:04:16,370 S3: ask for just a few. And so do you realize 80 00:04:16,370 --> 00:04:19,130 S3: that the one factor that seemed to limit the oil 81 00:04:19,130 --> 00:04:22,730 S3: that was given to the widow was how many jars 82 00:04:22,730 --> 00:04:25,650 S3: she collected? Yeah, he seemed to tie the amount of 83 00:04:25,650 --> 00:04:28,210 S3: oil that would be given to the number of vessels 84 00:04:28,210 --> 00:04:31,409 S3: she collected. The number of empty jars she collected could 85 00:04:31,410 --> 00:04:35,130 S3: be seen as a physical manifestation of her faith. 86 00:04:35,170 --> 00:04:37,730 S2: Mhm. That is incredible. And I love how it says 87 00:04:37,730 --> 00:04:40,650 S2: right there. When there was not a jar left, the 88 00:04:40,650 --> 00:04:42,410 S2: oil stopped flowing. At that point. 89 00:04:42,410 --> 00:04:44,729 S3: It did not too much or too little. 90 00:04:44,770 --> 00:04:48,210 S2: Yeah. God always provides just the right amount. Well Sharon, 91 00:04:48,210 --> 00:04:50,850 S2: we're just getting started here. We've talked about God's part 92 00:04:50,850 --> 00:04:53,210 S2: in this. You've touched on our part, but we want 93 00:04:53,250 --> 00:04:56,239 S2: to continue to unpack this today as we talk about 94 00:04:56,240 --> 00:05:00,600 S2: this powerful passage from God's Word found in Second Kings four. 95 00:05:00,800 --> 00:05:03,880 S2: It's the widow's oil. What can you take away and 96 00:05:03,920 --> 00:05:08,040 S2: apply to your wise and faithful stewardship of God's resources, 97 00:05:08,040 --> 00:05:13,080 S2: with total dependence and trust in him? Sharon Epps here today. 98 00:05:13,080 --> 00:05:16,720 S2: She's president of Kingdom Advisors. We'll continue to unpack the 99 00:05:16,720 --> 00:05:19,600 S2: story of the widow's oil just around the corner. This 100 00:05:19,600 --> 00:05:22,839 S2: is faith and finance live. We'll be right back. Stick around. 101 00:05:38,240 --> 00:05:40,360 S2: I'm so thankful you're joining us today on Faith and 102 00:05:40,360 --> 00:05:44,119 S2: Finance Live. I'm Rob West with me today. Sharon Epps, 103 00:05:44,120 --> 00:05:48,160 S2: frequent contributor and president of Kingdom Advisors. We're talking about 104 00:05:48,160 --> 00:05:52,039 S2: one of Sharon's favorite passages in Scripture. You may know 105 00:05:52,040 --> 00:05:55,070 S2: it well. It's the story of the widow's oil found 106 00:05:55,070 --> 00:05:58,950 S2: in Second Kings four, verses one through seven. And Sharon, 107 00:05:58,950 --> 00:06:02,870 S2: we talked about how this is such a beautiful illustration 108 00:06:02,870 --> 00:06:07,190 S2: picture of God's part and our part in stewardship. But 109 00:06:07,190 --> 00:06:10,989 S2: let's begin to drill down what principles can we glean 110 00:06:10,990 --> 00:06:14,110 S2: from the steps taken by the widow in this story? 111 00:06:14,390 --> 00:06:16,510 S3: Well, first of all, I'd like to mention something that 112 00:06:16,510 --> 00:06:20,110 S3: I alluded to earlier, and that is God doesn't work 113 00:06:20,110 --> 00:06:23,990 S3: the same miracle in all of our lives. However, the 114 00:06:24,029 --> 00:06:26,750 S3: same God is at work. And I think that's why 115 00:06:26,750 --> 00:06:29,950 S3: we can safely take some of these principles and apply 116 00:06:29,950 --> 00:06:33,190 S3: them to our lives. So there's just a few. In fact, 117 00:06:33,190 --> 00:06:35,950 S3: I'd love to hear others that people come up with. 118 00:06:35,950 --> 00:06:39,150 S3: But one that's very obvious to me is God provides. 119 00:06:39,150 --> 00:06:42,190 S3: And of course we mentioned that, but I think sometimes 120 00:06:42,190 --> 00:06:47,670 S3: we gloss over that and don't really recognize and understand 121 00:06:47,870 --> 00:06:50,430 S3: that he even provides the energy we have to go 122 00:06:50,430 --> 00:06:54,190 S3: to work. so we certainly are reliant on him. I 123 00:06:54,190 --> 00:06:57,870 S3: think the other part is our job, and our job 124 00:06:57,870 --> 00:07:02,870 S3: is faithfulness to his instruction. And I think in today's society, 125 00:07:02,910 --> 00:07:07,550 S3: sometimes it's easy to dismiss our part in all of this, 126 00:07:07,589 --> 00:07:11,830 S3: be frustrated with our jobs if they're not perfect or, um, 127 00:07:11,870 --> 00:07:14,630 S3: perhaps if they're slow coming and we are looking for 128 00:07:14,630 --> 00:07:18,190 S3: a job, but realize that God calls us to be 129 00:07:18,190 --> 00:07:21,630 S3: faithful with whatever he's called us to do right now. 130 00:07:22,190 --> 00:07:24,470 S3: I think the third thing that might not be quite 131 00:07:24,470 --> 00:07:29,190 S3: as obvious, but the importance of seeking counsel. This widow 132 00:07:29,230 --> 00:07:34,430 S3: literally was destitute. She had no money, no job, and 133 00:07:34,430 --> 00:07:37,750 S3: she reached out to the prophet for help. And we 134 00:07:37,750 --> 00:07:39,590 S3: need to do that as well. When we're in a 135 00:07:39,590 --> 00:07:43,830 S3: place that we are having a hard time seeking counsel 136 00:07:43,830 --> 00:07:45,950 S3: and help from others is one of the ways that 137 00:07:45,950 --> 00:07:48,710 S3: God takes care of us. And then finally, and this 138 00:07:48,710 --> 00:07:53,020 S3: one comes from perhaps the man before he died. And 139 00:07:53,020 --> 00:07:56,020 S3: that is, don't bet on the future. I am sure 140 00:07:56,140 --> 00:07:59,700 S3: that the widow was just overwhelmed by the debt that 141 00:07:59,700 --> 00:08:02,820 S3: he left. And so as you think about your financial 142 00:08:02,820 --> 00:08:06,300 S3: planning and what the steps that you're taking, be sure 143 00:08:06,300 --> 00:08:10,260 S3: and consider what could happen if God called you home 144 00:08:10,260 --> 00:08:13,060 S3: and you left your spouse with debt. Because I think 145 00:08:13,060 --> 00:08:15,820 S3: that's a big piece to this is how she got 146 00:08:15,820 --> 00:08:16,940 S3: there in the first place. 147 00:08:16,940 --> 00:08:20,740 S2: Wow, just seven verses in so much there that we 148 00:08:20,740 --> 00:08:24,260 S2: can learn from and apply to our financial lives. And Sharon, 149 00:08:24,260 --> 00:08:26,500 S2: I can't help but think that this has to be 150 00:08:26,500 --> 00:08:30,420 S2: an encouragement to somebody listening to our voices today. That's 151 00:08:30,420 --> 00:08:33,420 S2: in that desperate situation that this widow was. 152 00:08:33,500 --> 00:08:35,660 S3: Well, let's think about maybe the top 5 or 6 153 00:08:35,660 --> 00:08:39,059 S3: things to do. Okay. First of all, rely on God, uh, 154 00:08:39,059 --> 00:08:42,460 S3: look to him for guidance rather than your own abilities. 155 00:08:42,500 --> 00:08:44,179 S3: I don't know about you, but when I'm in a 156 00:08:44,179 --> 00:08:46,300 S3: tough situation, a lot of times I just start thinking about, 157 00:08:46,300 --> 00:08:48,220 S3: what can I do? What can I do? Yes. And 158 00:08:48,290 --> 00:08:50,969 S3: looking to him and saying, what can you do? Uh, secondly, 159 00:08:51,010 --> 00:08:54,450 S3: seek wise counsel. We mentioned that. But the importance of 160 00:08:54,450 --> 00:08:58,210 S3: finding fellow believers that can encourage you on your journey 161 00:08:58,210 --> 00:09:02,890 S3: and perhaps give you alternatives you've never thought of before. Um, third, 162 00:09:02,929 --> 00:09:07,210 S3: do your part. I just can't emphasize enough whatever he 163 00:09:07,210 --> 00:09:10,449 S3: has put in front of you for today. Um, whether 164 00:09:10,450 --> 00:09:13,010 S3: it's going to a job that's not your favorite job, 165 00:09:13,210 --> 00:09:16,650 S3: whether it is making a phone call to ask for 166 00:09:16,650 --> 00:09:19,449 S3: a connection or referral, if you're looking for a job. 167 00:09:19,770 --> 00:09:22,530 S3: All of those things are things that God uses to 168 00:09:22,570 --> 00:09:25,530 S3: develop his plan in your life. And then this one's 169 00:09:25,530 --> 00:09:29,290 S3: fun for me. Involve your family. I don't know if 170 00:09:29,290 --> 00:09:33,490 S3: you noticed, but the widow involved her sons in filling 171 00:09:33,490 --> 00:09:37,210 S3: the jars of oil. And I think often we kind 172 00:09:37,210 --> 00:09:39,449 S3: of leave the kids out because we don't want them 173 00:09:39,450 --> 00:09:43,250 S3: to be burdened by our situation. And yet it actually 174 00:09:43,250 --> 00:09:45,850 S3: bonds the family together. And they get to see the 175 00:09:45,850 --> 00:09:50,040 S3: miracle of God's provision when you involve them in the process. Um, 176 00:09:50,080 --> 00:09:53,520 S3: then borrowing can potentially leave my family in trouble if 177 00:09:53,520 --> 00:09:56,600 S3: I die or lose my income. That's just an important 178 00:09:56,600 --> 00:10:00,160 S3: thing to remember as you're evaluating currently where you are financially. 179 00:10:00,480 --> 00:10:04,440 S3: And then what I always love to say is, what 180 00:10:04,440 --> 00:10:08,520 S3: do you already have that God might use to meet 181 00:10:08,559 --> 00:10:12,079 S3: others needs? So that's flipping it a bit. Maybe you're 182 00:10:12,080 --> 00:10:15,319 S3: not the one that's in need, but do you have jars? 183 00:10:15,440 --> 00:10:18,280 S3: Do you have jars that a neighbor might use to 184 00:10:18,320 --> 00:10:21,160 S3: fulfill what God has for them in their lives? 185 00:10:21,200 --> 00:10:23,720 S2: Oh wow, that is so rich and there is so 186 00:10:23,720 --> 00:10:27,120 S2: much there. We could spend hours unpacking all of this. Sharon, 187 00:10:27,120 --> 00:10:28,960 S2: one thing that jumps out at me as we think 188 00:10:28,960 --> 00:10:33,360 S2: about this idea of God being our provider, everything coming 189 00:10:33,360 --> 00:10:35,800 S2: from him. You know, we've been talking a lot lately 190 00:10:35,800 --> 00:10:38,760 S2: about the parable of the rich fool in the New Testament. And, 191 00:10:39,040 --> 00:10:42,720 S2: you know, right there in that passage, we see this 192 00:10:42,840 --> 00:10:45,910 S2: rich fool saying, look what I did by the work 193 00:10:45,910 --> 00:10:49,870 S2: of my hands, and it strikes me how clear the 194 00:10:49,870 --> 00:10:53,950 S2: distinction is between seeing God as our provider and thinking 195 00:10:53,950 --> 00:10:55,829 S2: that we do everything in our own efforts. 196 00:10:55,870 --> 00:11:00,829 S3: Oh, absolutely. And somehow it really relieves the burden when 197 00:11:00,830 --> 00:11:04,550 S3: I realize God's role in it all. And my role, 198 00:11:04,550 --> 00:11:06,830 S3: and I find so often I try to take on 199 00:11:06,830 --> 00:11:09,189 S3: God's role if I don't specifically call it out. 200 00:11:09,230 --> 00:11:11,270 S2: Yeah. That's good. Sharon, I want to talk about the 201 00:11:11,270 --> 00:11:14,390 S2: wise counsel piece of this for a moment, because clearly 202 00:11:14,390 --> 00:11:18,590 S2: this applies to somebody in a desperate financial situation where 203 00:11:18,590 --> 00:11:21,070 S2: they just don't know how they're going to pay their 204 00:11:21,070 --> 00:11:24,710 S2: next bill. There can be folks out there listening today 205 00:11:24,710 --> 00:11:29,069 S2: in an equally desperate situation that have an abundance. Maybe 206 00:11:29,070 --> 00:11:33,630 S2: they're concerned about the wealth being passed to the next generation, 207 00:11:33,630 --> 00:11:37,309 S2: and it could lead them or propel them away from God. 208 00:11:37,309 --> 00:11:42,030 S2: And so it doesn't mean necessarily that I'm lacking in resources, 209 00:11:42,030 --> 00:11:43,949 S2: and I can still need that wise counsel. 210 00:11:44,230 --> 00:11:46,150 S3: Oh, there's so many things that we just talked about 211 00:11:46,150 --> 00:11:48,829 S3: that applies exactly there. For one thing, you may be 212 00:11:48,830 --> 00:11:51,270 S3: the neighbor with the jars. And so as you're thinking 213 00:11:51,270 --> 00:11:54,510 S3: about that burden of your wealth, think about where your 214 00:11:54,510 --> 00:11:56,870 S3: jars need to go. Perhaps some of them go to 215 00:11:56,870 --> 00:11:59,510 S3: your children, but I bet there's other people in need 216 00:11:59,510 --> 00:12:01,030 S3: that you could share them with as well. 217 00:12:01,070 --> 00:12:03,470 S2: Oh well that's good. Now, Sharon, we mentioned that your 218 00:12:03,470 --> 00:12:07,390 S2: president of Kingdom Advisors, and whenever I think of wise counsel, 219 00:12:07,390 --> 00:12:09,750 S2: I think of Kingdom Advisors. So why don't we take 220 00:12:09,750 --> 00:12:12,430 S2: just a moment and talk about the importance of seeking 221 00:12:12,429 --> 00:12:15,750 S2: wise counsel that can align with your values as a believer? 222 00:12:15,790 --> 00:12:20,350 S3: Absolutely. So when we certify a Kingdom advisor, it means 223 00:12:20,350 --> 00:12:24,390 S3: that that person has been through rigorous standards to know 224 00:12:24,390 --> 00:12:30,230 S3: how to apply God's financial teaching into your financial decision making. 225 00:12:30,230 --> 00:12:33,910 S3: And they can help walk you through your biblical worldview 226 00:12:33,910 --> 00:12:36,710 S3: so that your decisions can align with that. That's why 227 00:12:36,710 --> 00:12:40,110 S3: we so firmly believe in the Certified Kingdom Advisor. Why 228 00:12:40,110 --> 00:12:42,190 S3: don't we mention them so much on faith and finance? 229 00:12:42,190 --> 00:12:46,340 S2: And you can go to find a to find a 230 00:12:46,340 --> 00:12:52,100 S2: certified Kingdom advisor in your area. That's find a. Let's 231 00:12:52,140 --> 00:12:54,340 S2: tie a bow on this Sharon and maybe finish with 232 00:12:54,340 --> 00:12:56,700 S2: that last point, which I know is a topic that 233 00:12:56,700 --> 00:12:59,500 S2: you absolutely love. And that is look at what we 234 00:12:59,500 --> 00:13:01,660 S2: already have and see how we can use it to 235 00:13:01,700 --> 00:13:04,699 S2: meet the needs of others. And that's generosity, which is 236 00:13:04,700 --> 00:13:07,820 S2: one of God's big ideas as it relates to our stewardship. 237 00:13:07,860 --> 00:13:10,740 S3: I'm just amazed at how many times God has already 238 00:13:10,740 --> 00:13:13,580 S3: placed in our hands what we can give to others, 239 00:13:13,580 --> 00:13:16,500 S3: and we may have just categorized it a little differently. 240 00:13:16,660 --> 00:13:18,940 S3: And so when I'm speaking with people who have a 241 00:13:18,940 --> 00:13:21,699 S3: heart for generosity, I ask them to do a personal 242 00:13:21,700 --> 00:13:25,620 S3: inventory first and look in not only their bank accounts, 243 00:13:25,620 --> 00:13:28,980 S3: but their assets. I mean, oftentimes people have a second 244 00:13:28,980 --> 00:13:31,100 S3: home they're not using. In fact, we heard that story 245 00:13:31,100 --> 00:13:33,579 S3: just last week of someone that sold a second home 246 00:13:33,580 --> 00:13:35,980 S3: because they didn't need it, and they had a heart 247 00:13:35,980 --> 00:13:37,020 S3: for giving to others. 248 00:13:37,059 --> 00:13:38,060 S4: Oh that's great. 249 00:13:38,059 --> 00:13:41,100 S2: Well, Sharon, I'm so thankful for your time today, your 250 00:13:41,250 --> 00:13:44,330 S2: insights into this passage. I'm confident this has been an 251 00:13:44,330 --> 00:13:48,410 S2: encouragement to folks and given them practical instruction on how 252 00:13:48,410 --> 00:13:51,330 S2: they can take this and apply it to their financial lives. 253 00:13:51,370 --> 00:13:52,330 S2: Thanks for stopping by. 254 00:13:52,370 --> 00:13:53,810 S3: So glad to be here, folks. 255 00:13:53,809 --> 00:13:57,450 S2: The reminder today. God provides. Our job is faithfulness to 256 00:13:57,490 --> 00:14:00,810 S2: his instruction. Seek wise counsel and help from others and 257 00:14:00,809 --> 00:14:03,930 S2: don't bet on the future. I hope this passage from 258 00:14:03,970 --> 00:14:06,930 S2: Second Kings has been an encouragement to you today that 259 00:14:06,929 --> 00:14:10,209 S2: Sharon Epps, President of Kingdom Advisors. All right, we're going 260 00:14:10,250 --> 00:14:12,530 S2: to head to a break. So don't go anywhere. Still 261 00:14:12,530 --> 00:14:14,810 S2: a lot more to come, even though we're away from 262 00:14:14,809 --> 00:14:17,290 S2: the studio today and you shouldn't call in. We have 263 00:14:17,290 --> 00:14:19,770 S2: some great questions that you're really going to enjoy. As 264 00:14:19,770 --> 00:14:23,170 S2: we continue to apply God's wisdom to your financial decisions. 265 00:14:23,170 --> 00:14:24,010 S2: We'll be right back. 266 00:14:38,890 --> 00:14:42,160 S1: This is faith and finance. Live with Rob West. Hey, 267 00:14:42,200 --> 00:14:45,040 S1: if you hear a phone number mentioned today, please ignore 268 00:14:45,080 --> 00:14:48,440 S1: that number and don't call us because today's broadcast was 269 00:14:48,440 --> 00:14:52,160 S1: previously recorded. But we think the upcoming information will help 270 00:14:52,160 --> 00:14:54,480 S1: you and make you a wise steward of what God's 271 00:14:54,480 --> 00:14:57,000 S1: given you. So please stay tuned. 272 00:14:58,720 --> 00:15:01,000 S2: We want to help you think about what's going on 273 00:15:01,000 --> 00:15:05,000 S2: in your financial life through the lens of biblical wisdom. 274 00:15:05,040 --> 00:15:08,200 S2: That's right. There's a lot of verses, more than 2000 275 00:15:08,240 --> 00:15:11,160 S2: of them in God's Word. Interesting story. You know, the 276 00:15:11,160 --> 00:15:15,600 S2: way we got that 2350 verse number is the former 277 00:15:15,600 --> 00:15:19,440 S2: host of this program, Howard Dayton, when he came to Christ, uh, 278 00:15:19,440 --> 00:15:21,440 S2: early in his journey with Christ, he was in a 279 00:15:21,440 --> 00:15:23,960 S2: men's small group. These men were just pouring into him. 280 00:15:23,960 --> 00:15:27,640 S2: He lived in Orlando, and as an exercise, they met 281 00:15:27,640 --> 00:15:30,080 S2: every week. And they said, you know what? Let's explore 282 00:15:30,080 --> 00:15:32,760 S2: what the Bible has to say about money. And we're 283 00:15:32,760 --> 00:15:35,600 S2: going to go through and we're going to identify every passage. 284 00:15:35,600 --> 00:15:39,240 S2: They actually got Bible specifically for this because they use 285 00:15:39,240 --> 00:15:42,120 S2: scissors to cut them out as they came across one. 286 00:15:42,120 --> 00:15:45,560 S2: Anytime money was referenced, or an idea adjacent to the 287 00:15:45,560 --> 00:15:48,920 S2: money conversation that really spoke to how we use money, 288 00:15:48,920 --> 00:15:52,000 S2: how we think about it, God's perspective, uh, a little 289 00:15:52,000 --> 00:15:54,640 S2: funny story as a part of that is, uh, the 290 00:15:54,640 --> 00:15:58,480 S2: other gentleman that was doing this exercise with Howard, uh, said, hey, 291 00:15:58,520 --> 00:16:01,280 S2: I'll take the New Testament. You take the old. And 292 00:16:01,280 --> 00:16:03,840 S2: he didn't realize that, uh, Howard didn't realize what he 293 00:16:03,840 --> 00:16:07,200 S2: was committing to in terms of the amount of work. Nevertheless, 294 00:16:07,200 --> 00:16:10,960 S2: 2300 verses later, they had their number. So there is 295 00:16:10,960 --> 00:16:13,920 S2: a lot in God's Word on this topic. Why is that? 296 00:16:13,920 --> 00:16:16,760 S2: Is because God needs our money. No, it all belongs 297 00:16:16,760 --> 00:16:20,680 S2: to him. It's because I believe he knows that this 298 00:16:20,680 --> 00:16:23,240 S2: is a primary competitor, that if something is going to 299 00:16:23,240 --> 00:16:27,200 S2: become an idol in our lives, it clearly can be. 300 00:16:27,240 --> 00:16:30,160 S2: Perhaps most often will be money. I mean, just look 301 00:16:30,160 --> 00:16:32,640 S2: at the parable of the sower. What choked out the 302 00:16:32,640 --> 00:16:35,240 S2: word from burying the 3000 6000 fold return. It was 303 00:16:35,240 --> 00:16:38,910 S2: the deceitfulness of riches, the the desires for other things, 304 00:16:38,910 --> 00:16:41,910 S2: the cares of this world. We get too fixated on 305 00:16:41,910 --> 00:16:45,590 S2: the temporal when we worship the creation over the creator. 306 00:16:45,630 --> 00:16:49,110 S2: It creates a real problem. You cannot serve God and mammon, 307 00:16:49,110 --> 00:16:51,630 S2: but when we put money in its proper place and 308 00:16:51,630 --> 00:16:54,110 S2: we understand God owns it and we're stewards and it's 309 00:16:54,110 --> 00:16:56,910 S2: a tool, and we can use it for enjoyment and 310 00:16:56,910 --> 00:17:00,710 S2: for provision and to provide for our families, to give 311 00:17:00,710 --> 00:17:03,550 S2: it away, to invest it strategically. All of a sudden, 312 00:17:03,550 --> 00:17:06,430 S2: it becomes a tool to bring God glory, to advance 313 00:17:06,430 --> 00:17:10,550 S2: God's kingdom. It allows us to participate in that activity. 314 00:17:10,550 --> 00:17:12,870 S2: It's incredible. And so we want to help you think 315 00:17:12,869 --> 00:17:16,190 S2: about the very practical questions you're facing today in your 316 00:17:16,190 --> 00:17:20,670 S2: financial life, in light of those passages in God's Word. Uh, 317 00:17:20,670 --> 00:17:22,869 S2: before we head to the phones in the news, thinking 318 00:17:22,869 --> 00:17:26,429 S2: about adding a little gold to your portfolio, well, exchange 319 00:17:26,430 --> 00:17:29,750 S2: traded funds make it simple, but they also come with 320 00:17:29,750 --> 00:17:33,629 S2: important considerations. You don't want to miss that. You've probably 321 00:17:33,630 --> 00:17:37,619 S2: seen that gold has surged in value recently, drawing renewed 322 00:17:37,619 --> 00:17:40,899 S2: interest from investors. And while it can serve as a 323 00:17:41,260 --> 00:17:45,820 S2: store of value in uncertain times, remember gold can be volatile. 324 00:17:45,820 --> 00:17:50,620 S2: It's certainly more volatile than stocks and bonds. Historically, its 325 00:17:50,619 --> 00:17:53,540 S2: price can swing sharply, and it doesn't always move in 326 00:17:53,540 --> 00:17:56,820 S2: your favor. And that's why most advisers suggest, and we 327 00:17:56,820 --> 00:18:00,500 S2: certainly agree, keeping gold to no more than 5% of 328 00:18:00,500 --> 00:18:04,940 S2: your portfolio at the most 10% over long periods, gold 329 00:18:04,980 --> 00:18:09,060 S2: typically underperformed stocks and bonds, and even a small difference 330 00:18:09,060 --> 00:18:12,900 S2: in annual returns can meaningfully impact your wealth. Keep in 331 00:18:12,900 --> 00:18:16,020 S2: mind one of the things gold does not have is 332 00:18:16,020 --> 00:18:18,020 S2: any income. You know you can own a bond and 333 00:18:18,020 --> 00:18:20,580 S2: get income. You can own a dividend paying stock and 334 00:18:20,580 --> 00:18:24,379 S2: get get income. Gold does not throw off any income. Uh, 335 00:18:24,420 --> 00:18:27,100 S2: that's just one factor you need to keep in mind. Now, 336 00:18:27,260 --> 00:18:29,659 S2: we often say that if you were to think about 337 00:18:29,660 --> 00:18:35,250 S2: that full 10% allocation, that perhaps that first 5%. You 338 00:18:35,250 --> 00:18:38,450 S2: ought to think in terms of your forever allocation. You're 339 00:18:38,450 --> 00:18:41,530 S2: buying the physical gold. You're storing it securely in a 340 00:18:41,530 --> 00:18:44,330 S2: safe or in a safe deposit box at the bank 341 00:18:44,330 --> 00:18:46,970 S2: somewhere else. And you're planning to keep it forever and 342 00:18:46,970 --> 00:18:49,570 S2: perhaps pass it down to the next generation. But if 343 00:18:49,570 --> 00:18:53,810 S2: you want to go beyond that 5% allocation, that forever allocation, 344 00:18:53,810 --> 00:18:57,490 S2: perhaps these ETFs could be the way to go because 345 00:18:57,490 --> 00:19:01,570 S2: it allows you to buy into gold. The ETF tracks 346 00:19:01,570 --> 00:19:04,970 S2: the underlying spot price of the metal. So you're getting 347 00:19:04,970 --> 00:19:08,210 S2: the rise in gold, but it's fully liquid. Anytime the 348 00:19:08,210 --> 00:19:10,450 S2: markets open with a place of a trade, you can 349 00:19:10,450 --> 00:19:13,850 S2: liquidate your position. You certainly don't have any markups from 350 00:19:13,850 --> 00:19:16,010 S2: the dealer. You don't have to secure it. So it's 351 00:19:16,010 --> 00:19:19,209 S2: a way to add to your gold position without taking 352 00:19:19,210 --> 00:19:22,729 S2: more physical gold. Now keep in mind gold ETFs also 353 00:19:22,730 --> 00:19:26,770 S2: come with unique tax rules. Physical gold ETFs may be 354 00:19:26,770 --> 00:19:32,450 S2: subject to long term capital gains rates of up to 28% 355 00:19:32,450 --> 00:19:36,449 S2: because gold is treated as a collectible, futures based gold 356 00:19:36,450 --> 00:19:40,250 S2: ETFs are taxed under the 60 over 40 rule, part 357 00:19:40,250 --> 00:19:44,369 S2: long term, part ordinary income, and then the gold mining ETFs, 358 00:19:44,369 --> 00:19:49,370 S2: which is another category altogether. Those expose you to business risks, 359 00:19:49,410 --> 00:19:52,570 S2: not just the gold price, because you're investing in an 360 00:19:52,570 --> 00:19:56,209 S2: actual company, and their profitability has a lot to do 361 00:19:56,210 --> 00:19:59,850 S2: with how that ETF will perform. So if you're wondering 362 00:19:59,850 --> 00:20:03,170 S2: whether a gold has a place in your portfolio, consider 363 00:20:03,170 --> 00:20:05,850 S2: working with a certified Kingdom advisor, somebody who can help 364 00:20:05,850 --> 00:20:09,770 S2: you think about the proper allocation of your entire portfolio 365 00:20:10,010 --> 00:20:12,129 S2: and manage it for you. If you want to find 366 00:20:12,130 --> 00:20:15,210 S2: a K in your area, you can do that. There's 367 00:20:15,210 --> 00:20:18,170 S2: more than 1800 of them across the US and Canada. 368 00:20:18,170 --> 00:20:24,210 S2: Just go to find a K, find a K com. 369 00:20:24,410 --> 00:20:26,609 S2: All right. We're ready to dive into your questions. Let's 370 00:20:26,609 --> 00:20:28,810 S2: begin in New Mexico. LaDonna. Go ahead. 371 00:20:29,690 --> 00:20:35,119 S5: Yes I have a disability. I can't, uh, walk other 372 00:20:35,119 --> 00:20:38,560 S5: than with a walker. And you mentioned one time that, uh, 373 00:20:38,600 --> 00:20:42,840 S5: possibly getting more Social Security because of that. I am 374 00:20:42,840 --> 00:20:46,880 S5: on Social Security now because I'm retired. But, uh, I 375 00:20:46,880 --> 00:20:50,480 S5: just wondered if that's possible to, uh, get more money 376 00:20:50,480 --> 00:20:53,800 S5: from Social Security because I'm disabled. 377 00:20:53,960 --> 00:20:58,120 S2: Yes. Did you start your retirement benefits, your Social Security 378 00:20:58,119 --> 00:21:01,119 S2: retirement benefits before your full retirement age? 379 00:21:02,000 --> 00:21:02,840 S5: Uh, no. 380 00:21:03,359 --> 00:21:05,920 S2: Okay. You waited. So you're getting your full benefit? 381 00:21:06,440 --> 00:21:07,000 S5: Yes. 382 00:21:07,359 --> 00:21:09,800 S2: Okay. All right. Yeah. So that would have been one option. 383 00:21:09,800 --> 00:21:13,399 S2: If you were disabled, then you could ask Social Security 384 00:21:13,600 --> 00:21:16,960 S2: to treat it as disabled for that period, which could 385 00:21:17,240 --> 00:21:20,840 S2: raise your benefit. But that doesn't apply here. Um, if 386 00:21:20,880 --> 00:21:23,480 S2: your check is small and you have very low income 387 00:21:23,480 --> 00:21:27,879 S2: and assets, you could look at SSI, Supplemental Security Income, 388 00:21:28,080 --> 00:21:33,430 S2: which could add up to a maximum of $967 per 389 00:21:33,430 --> 00:21:37,310 S2: month for an individual in 2025, but again, depending on 390 00:21:37,310 --> 00:21:41,190 S2: your income. Um, and then of course, you're automatically going 391 00:21:41,190 --> 00:21:43,750 S2: to get the cost of living adjustment. So that might 392 00:21:43,750 --> 00:21:45,950 S2: be the next question. I'd reach out to the Social 393 00:21:45,950 --> 00:21:51,070 S2: Security Administration SSA gov, maybe make an appointment or call 394 00:21:51,109 --> 00:21:53,869 S2: just to see if perhaps you could qualify for SSI, 395 00:21:53,910 --> 00:21:55,670 S2: but that would be the only way to get that 396 00:21:55,670 --> 00:21:58,470 S2: benefit higher. Thanks for your call. We'll be right back. 397 00:22:03,590 --> 00:22:06,230 S2: Grateful you've tuned in to Faith and finance live. I'm 398 00:22:06,230 --> 00:22:08,910 S2: Rob West, your host. This is where we recognize that 399 00:22:08,910 --> 00:22:11,470 S2: God owns it all. You're a steward or a manager 400 00:22:11,470 --> 00:22:14,590 S2: of God's resources, and money is a tool to accomplish 401 00:22:14,590 --> 00:22:17,750 S2: God's purposes. Hey, we're away from the studio today, so 402 00:22:17,750 --> 00:22:20,510 S2: don't call in. But we lined up some great questions 403 00:22:20,510 --> 00:22:24,030 S2: in advance that I know you will enjoy. In fact, 404 00:22:24,350 --> 00:22:26,670 S2: let's go ahead and take one of those right now. 405 00:22:26,710 --> 00:22:29,699 S2: Let's head to Arkansas. Tom. Go ahead sir. 406 00:22:30,780 --> 00:22:33,580 S6: Yes. Thank you. I really like your show. 407 00:22:34,340 --> 00:22:34,980 S2: Thank you. 408 00:22:35,820 --> 00:22:40,420 S6: What I've come up against is a large inheritance, and 409 00:22:41,140 --> 00:22:44,980 S6: I don't know how to allocate it. My, you know, 410 00:22:45,180 --> 00:22:48,500 S6: I don't need it and my children don't need it. 411 00:22:49,220 --> 00:22:51,900 S6: So I need to figure out how to make good 412 00:22:51,900 --> 00:22:52,700 S6: use of it. 413 00:22:53,300 --> 00:22:57,180 S2: Yeah. Well, I'm glad you're thinking about this, Tom, because, 414 00:22:57,220 --> 00:23:01,619 S2: you know, money when left to heirs, is going to 415 00:23:01,660 --> 00:23:06,500 S2: propel them forward in the direction they're already going further 416 00:23:06,500 --> 00:23:08,820 S2: and faster. And that's why we often say you need 417 00:23:08,820 --> 00:23:12,260 S2: to pass wisdom before wealth. But I think we also 418 00:23:12,260 --> 00:23:16,300 S2: need to consider, whenever we're evaluating the proper amount to 419 00:23:16,340 --> 00:23:20,580 S2: leave as an inheritance. Uh, you know that we, you know, 420 00:23:20,619 --> 00:23:22,740 S2: you want to give your kids enough to help them, 421 00:23:22,740 --> 00:23:25,460 S2: but not enough to hurt them. And, you know, I 422 00:23:25,460 --> 00:23:29,210 S2: think we look at this idea and say, what does 423 00:23:29,210 --> 00:23:32,690 S2: it look like to provide opportunity to perhaps fund education 424 00:23:32,690 --> 00:23:36,530 S2: and training and launch capital, but not funding lifestyle or 425 00:23:36,530 --> 00:23:41,730 S2: consumption or perpetual passivity? Uh, and so, you know, your 426 00:23:41,730 --> 00:23:44,010 S2: kids really should have a calling, not a payroll. And 427 00:23:44,010 --> 00:23:46,410 S2: I think that's what you're getting at here when you 428 00:23:46,410 --> 00:23:48,730 S2: look at this and say, first of all, perhaps they 429 00:23:48,730 --> 00:23:52,210 S2: already have more than they need. They're doing great. Uh, and, 430 00:23:52,330 --> 00:23:55,250 S2: you know, I'm going to be coming into this large inheritance, 431 00:23:55,250 --> 00:23:59,530 S2: whatever amount that is. And how might I, as the 432 00:23:59,530 --> 00:24:03,450 S2: steward of those resources that God has now entrusted to me? 433 00:24:03,770 --> 00:24:05,689 S2: What do I do with that? And, you know, I 434 00:24:05,690 --> 00:24:10,129 S2: think one of the ideas around that could be to say, well, 435 00:24:10,210 --> 00:24:13,129 S2: let's start giving it away now. You know, I love the, uh, 436 00:24:13,130 --> 00:24:16,610 S2: the book from Ron Blue Splitting Heirs. Uh, I'll send 437 00:24:16,609 --> 00:24:18,970 S2: you a copy as my gift to you today, Tom. 438 00:24:19,170 --> 00:24:21,210 S2: But one of the ideas that he says in that 439 00:24:21,210 --> 00:24:24,010 S2: book is do your giving while you're living, so you're 440 00:24:24,010 --> 00:24:28,650 S2: knowing where it's going, Own. And I love that idea that, 441 00:24:28,690 --> 00:24:31,370 S2: you know, one of the ways we could to use 442 00:24:31,369 --> 00:24:33,970 S2: this money for God's glory is to begin giving it 443 00:24:33,970 --> 00:24:37,850 S2: away while you're alive, and perhaps you get the kids involved. 444 00:24:37,890 --> 00:24:40,169 S2: I mean, depending on the size of this, and I, 445 00:24:40,210 --> 00:24:42,729 S2: our friends at the National Christian Foundation, can help you 446 00:24:42,730 --> 00:24:46,050 S2: think about how you structure it. But perhaps, you know, 447 00:24:46,090 --> 00:24:49,850 S2: you put the bulk of it in a donor advised fund, 448 00:24:50,010 --> 00:24:52,970 S2: which is a very simple account, almost like a charitable 449 00:24:52,970 --> 00:24:56,090 S2: checking account. You'd get incredible tax benefits from it that 450 00:24:56,090 --> 00:24:58,810 S2: might extend for years and years, depending on how much 451 00:24:58,810 --> 00:25:01,609 S2: we're talking about. And then maybe you get the kids 452 00:25:01,609 --> 00:25:06,010 S2: involved in giving it away. And you know that not 453 00:25:06,010 --> 00:25:09,730 S2: only would allow you to begin to fund God's work now, 454 00:25:09,770 --> 00:25:12,250 S2: where you could see where it's going and be involved 455 00:25:12,250 --> 00:25:14,770 S2: in it and participate in the joy that comes from 456 00:25:15,010 --> 00:25:18,370 S2: seeing God on the move. Um, but also it's a 457 00:25:18,369 --> 00:25:21,730 S2: formation opportunity for the kids, you know, and they may 458 00:25:21,770 --> 00:25:24,210 S2: be adults by now. Maybe they're, you know, for the 459 00:25:24,400 --> 00:25:27,359 S2: but but for your heirs to begin to be involved 460 00:25:27,359 --> 00:25:31,040 S2: in that and what that could do in terms of, 461 00:25:31,240 --> 00:25:34,200 S2: you know, setting them up so that, you know, they 462 00:25:34,200 --> 00:25:37,320 S2: continue and maybe even beyond your life, you set it 463 00:25:37,320 --> 00:25:41,880 S2: up with a a well designed plan that allows, you know, 464 00:25:41,920 --> 00:25:46,240 S2: the the money to continue to be given away through, again, 465 00:25:46,240 --> 00:25:49,560 S2: a charitable foundation or a donor advised fund. But they 466 00:25:49,560 --> 00:25:54,040 S2: begin learning generosity right now. And then they could continue 467 00:25:54,080 --> 00:25:57,399 S2: that with a purpose clause that spells out the heart 468 00:25:57,400 --> 00:26:01,760 S2: behind the wealth and defines, you know, where it's to 469 00:26:01,800 --> 00:26:05,320 S2: go with some parameters that they can then continue into 470 00:26:05,320 --> 00:26:08,000 S2: the future. But I think really the next step is 471 00:26:08,000 --> 00:26:11,080 S2: to be well planned and have, uh, you know, perhaps 472 00:26:11,080 --> 00:26:14,720 S2: a certified Kingdom advisor come alongside you to help you 473 00:26:14,720 --> 00:26:21,639 S2: really think through from a legacy planning standpoint. First, just the, the, 474 00:26:21,640 --> 00:26:25,190 S2: the massive responsibility that the Lord has entrusted to you. 475 00:26:25,190 --> 00:26:28,390 S2: That shouldn't be, you know, feared or it shouldn't cause 476 00:26:28,390 --> 00:26:31,790 S2: any concern. It's really an opportunity, but it's something you 477 00:26:31,790 --> 00:26:34,390 S2: want to take seriously. And I know you are. Just 478 00:26:34,390 --> 00:26:37,070 S2: by virtue of even your call today. And I think 479 00:26:37,109 --> 00:26:39,950 S2: having some wise counsel alongside you that can not only 480 00:26:39,950 --> 00:26:42,470 S2: help you think about, you know, how do I want 481 00:26:42,510 --> 00:26:44,590 S2: to manage this, where do I want it to go? 482 00:26:44,790 --> 00:26:49,310 S2: But also the planning functions from an estate planning standpoint 483 00:26:49,310 --> 00:26:53,470 S2: and a tools and a strategy perspective that allows you 484 00:26:53,470 --> 00:26:57,270 S2: to begin distributing this now and then well into the future, 485 00:26:57,270 --> 00:26:59,870 S2: beyond your life, when the Lord calls you home. Does 486 00:26:59,910 --> 00:27:02,470 S2: does that all make sense though? And what additional thoughts 487 00:27:02,470 --> 00:27:03,070 S2: do you have? 488 00:27:04,350 --> 00:27:06,910 S6: It does make sense. But we're talking about a half 489 00:27:06,950 --> 00:27:08,070 S6: $1 billion. 490 00:27:08,830 --> 00:27:10,430 S4: And that's a lot of money. Wow. 491 00:27:10,470 --> 00:27:10,870 S2: Yeah. 492 00:27:12,030 --> 00:27:16,230 S6: Absolutely. No need for it. Yeah, but I don't want 493 00:27:16,270 --> 00:27:17,430 S6: to just throw it away. 494 00:27:17,670 --> 00:27:20,030 S2: No, of course I don't. 495 00:27:20,070 --> 00:27:22,780 S6: Drop it down to my children and make them have 496 00:27:22,780 --> 00:27:23,980 S6: to figure out what to do with it. 497 00:27:23,980 --> 00:27:26,979 S2: Yeah. Well, and I think, you know, regardless of how 498 00:27:26,980 --> 00:27:29,419 S2: many zeros are at the end of that inheritance, I 499 00:27:29,420 --> 00:27:33,859 S2: think the same idea still applies, that you could do 500 00:27:34,380 --> 00:27:37,540 S2: some incredible good in the name of Jesus with that 501 00:27:37,540 --> 00:27:40,740 S2: money right now. And so I think, you know, you 502 00:27:40,740 --> 00:27:44,940 S2: beginning to develop a strategy with some really wise counsel 503 00:27:45,180 --> 00:27:49,740 S2: alongside you for, first of all, identifying the areas of 504 00:27:49,740 --> 00:27:52,180 S2: of passion that you have that align with the heart 505 00:27:52,180 --> 00:27:56,660 S2: of God in Scripture and then begin systematically giving it away. 506 00:27:56,700 --> 00:27:59,260 S2: You know, I had my friend Al Mueller on on 507 00:27:59,260 --> 00:28:02,219 S2: Giving Tuesday, and this would be an example. Al has 508 00:28:02,220 --> 00:28:05,859 S2: an organization called Excellence in Giving, and they work with 509 00:28:05,859 --> 00:28:09,940 S2: ultra high net worth believers who want to give really 510 00:28:09,940 --> 00:28:13,660 S2: wisely and strategically, and they help them develop a plan. 511 00:28:13,900 --> 00:28:17,940 S2: They do phenomenal due diligence on the organizations they're giving to. 512 00:28:17,980 --> 00:28:20,820 S2: They do wonderful reporting on the back end so you 513 00:28:20,820 --> 00:28:24,460 S2: can see you know how the money is performing. I mean, 514 00:28:24,500 --> 00:28:28,620 S2: that's a tool that alongside you being well planned, whether 515 00:28:28,619 --> 00:28:32,060 S2: that's a charitable foundation or a donor advised fund and 516 00:28:32,060 --> 00:28:35,260 S2: or a trust, you know, could ensure that this money 517 00:28:35,260 --> 00:28:39,820 S2: gets into God honoring, uh, you know, endeavors in the 518 00:28:39,820 --> 00:28:44,620 S2: name of Jesus solving some of the world's greatest problems, potentially, um, 519 00:28:44,660 --> 00:28:48,300 S2: that actually allows your kids to participate both now and 520 00:28:48,300 --> 00:28:52,420 S2: after your death. What a wonderful opportunity for you not 521 00:28:52,420 --> 00:28:55,180 S2: to have to worry about this ruining them, but for 522 00:28:55,180 --> 00:28:58,780 S2: you to actually use this, uh, you know, to, uh, 523 00:28:58,820 --> 00:29:02,740 S2: to extend the proclamation of the gospel. You follow? 524 00:29:03,980 --> 00:29:07,260 S6: Yeah, I do, I do follow. Yeah. And I find 525 00:29:07,260 --> 00:29:11,260 S6: it a heavy burden. Just, you know, that's a that's 526 00:29:11,260 --> 00:29:12,340 S6: just a lot. 527 00:29:12,380 --> 00:29:15,940 S2: It is. Yeah. Well, I think the the something that 528 00:29:15,940 --> 00:29:19,610 S2: should encourage you is that this didn't happen by accident. 529 00:29:20,090 --> 00:29:23,330 S2: This happened through the sovereign hands of our Lord, and 530 00:29:23,330 --> 00:29:27,330 S2: clearly he saw fit to entrust you as the steward 531 00:29:27,330 --> 00:29:29,930 S2: with this responsibility. And so I think it's something you 532 00:29:29,930 --> 00:29:35,050 S2: can you can receive with gratitude. Uh, and again, I 533 00:29:35,050 --> 00:29:39,850 S2: think you're appropriately acknowledging the weight and the responsibility that 534 00:29:39,850 --> 00:29:43,530 S2: comes with it, but with wise counsel and a lot 535 00:29:43,530 --> 00:29:48,090 S2: of prayer and, you know, a real fervor for the 536 00:29:48,090 --> 00:29:51,130 S2: Lord Jesus, I think you can do some incredible I 537 00:29:51,130 --> 00:29:54,090 S2: know you can do some incredible good with this. I 538 00:29:54,090 --> 00:29:57,050 S2: think the key is just getting, you know, the right 539 00:29:57,050 --> 00:29:59,930 S2: people around you to help you think and plan. Because 540 00:29:59,930 --> 00:30:03,370 S2: the other thing is, you know, once this becomes known, 541 00:30:03,370 --> 00:30:06,690 S2: if it does to anyone in your immediate circles or 542 00:30:06,690 --> 00:30:09,770 S2: even extended circles, you know you're going to have to 543 00:30:09,810 --> 00:30:12,850 S2: be ready for, you know, the people coming your way, 544 00:30:13,010 --> 00:30:16,570 S2: you know, asking for, you know, handouts and help and 545 00:30:16,570 --> 00:30:19,560 S2: things like that. And it's not that that's bad. You're 546 00:30:19,560 --> 00:30:21,080 S2: just going to have to be ready for it. And 547 00:30:21,080 --> 00:30:23,360 S2: so I think that's why putting some of these structures 548 00:30:23,360 --> 00:30:26,560 S2: in place, going ahead and giving, you know, it away, 549 00:30:26,600 --> 00:30:28,640 S2: a large chunk of it, if not the majority of 550 00:30:28,640 --> 00:30:32,880 S2: it right up front, um, into vehicles that could then 551 00:30:32,920 --> 00:30:37,040 S2: be distributed over time. And even, you know, long term, uh, 552 00:30:37,040 --> 00:30:39,720 S2: I think is going to be really important. Let's do this. Tom, 553 00:30:39,720 --> 00:30:42,320 S2: I'd love to walk with you in that process and 554 00:30:42,320 --> 00:30:45,520 S2: even help you select some of those wise counselors if 555 00:30:45,560 --> 00:30:48,320 S2: you'd be interested. Um, stay on the line. We'll get 556 00:30:48,320 --> 00:30:50,760 S2: your information and I'll reach out to you. I'd love 557 00:30:50,760 --> 00:30:52,920 S2: to talk and pray with you a bit more. Stay 558 00:30:52,920 --> 00:31:05,520 S2: on the line. We'll be right back. So glad to 559 00:31:05,520 --> 00:31:08,120 S2: have you with us today on Faith and Finance Live. 560 00:31:08,160 --> 00:31:10,920 S2: Our team is away today, so don't call in. But 561 00:31:10,920 --> 00:31:13,680 S2: we lined up some great questions in advance and we'll 562 00:31:13,680 --> 00:31:15,920 S2: be going to those here in just a moment. Let 563 00:31:15,990 --> 00:31:18,510 S2: me also remind you that the advice that I give 564 00:31:18,550 --> 00:31:22,030 S2: each day on this program is general in nature. We 565 00:31:22,270 --> 00:31:26,110 S2: offer principles and ideas that apply at a high level. 566 00:31:26,110 --> 00:31:29,550 S2: They are not personalized. So that's why you should always 567 00:31:29,590 --> 00:31:33,070 S2: seek professional financial advice. And if you'd like to find 568 00:31:33,070 --> 00:31:36,350 S2: a professional who shares your values, we of course, here 569 00:31:36,350 --> 00:31:40,709 S2: at Faith and Finance Live recommend the Certified Kingdom Advisor designation. 570 00:31:40,710 --> 00:31:43,270 S2: These are men and women who've met high standards, and 571 00:31:43,270 --> 00:31:46,230 S2: they've been trained to bring a biblical worldview of financial 572 00:31:46,230 --> 00:31:49,470 S2: decision making. You can find one at Faith comm. Let's 573 00:31:49,470 --> 00:31:51,950 S2: head right back to the phones. Alabama is where we're 574 00:31:51,950 --> 00:31:53,390 S2: headed next. Todd go ahead. 575 00:31:53,950 --> 00:31:55,830 S7: Thank you for taking my call. 576 00:31:56,030 --> 00:31:56,510 S2: Sure. 577 00:31:56,550 --> 00:31:59,990 S7: And thank you for your ministry. It's been a big 578 00:31:59,990 --> 00:32:04,670 S7: blessing in my family's life. Um, just have a quick question. Um, 579 00:32:05,070 --> 00:32:08,630 S7: I have access to 401 K, and my company is 580 00:32:08,630 --> 00:32:12,830 S7: now offering a deferred compensation plan for the first time 581 00:32:12,830 --> 00:32:16,030 S7: this year. Just kind of want some guidelines on how 582 00:32:16,030 --> 00:32:17,150 S7: to choose between the two. 583 00:32:17,670 --> 00:32:21,190 S2: Yeah, it's a great question. So, you know, as you 584 00:32:21,350 --> 00:32:24,710 S2: look at this, give me a little bit more information 585 00:32:24,710 --> 00:32:28,750 S2: just on kind of what are you ultimately trying to accomplish. 586 00:32:29,510 --> 00:32:31,270 S7: Uh, just saving for retirement. 587 00:32:31,390 --> 00:32:34,070 S2: Okay. And give me a bit of a profile of 588 00:32:34,070 --> 00:32:34,910 S2: the business. 589 00:32:35,830 --> 00:32:43,590 S7: Um, it is a, um, multi-location, uh, veterinary company. Uh, 590 00:32:43,590 --> 00:32:49,390 S7: I'm a veterinarian, work for one of their local practices, and, um, 591 00:32:49,870 --> 00:32:55,070 S7: so it seems like they're very stable and everything. It just. 592 00:32:55,070 --> 00:32:59,190 S7: I don't know much about deferred compensation plans. Um, what 593 00:32:59,190 --> 00:33:03,550 S7: I read about this one is that it's immediately fully vested. Um, 594 00:33:04,430 --> 00:33:08,790 S7: but I don't know a whole lot about deferred comp 595 00:33:08,830 --> 00:33:09,790 S7: in general. 596 00:33:10,230 --> 00:33:13,340 S2: Okay. And, uh, how many employees do you have? 597 00:33:14,140 --> 00:33:17,220 S7: At our location? There's about 15 or 20, but there 598 00:33:17,260 --> 00:33:21,460 S7: are a couple hundred locations throughout the country for the company. 599 00:33:22,100 --> 00:33:25,100 S2: Okay. Got it. Yeah. And so this would be company 600 00:33:25,140 --> 00:33:27,820 S2: wide that you're looking at putting this in place, right. 601 00:33:29,020 --> 00:33:31,260 S7: Well, I'm not the owner I'm an employee. 602 00:33:31,740 --> 00:33:34,540 S2: Okay. All right. So have they delegated this to you 603 00:33:34,540 --> 00:33:36,300 S2: to kind of do some of the due diligence? 604 00:33:37,780 --> 00:33:42,620 S7: No. They are offering me a chance to invest in 605 00:33:42,620 --> 00:33:46,140 S7: the deferred compensation plan. Uh, this is the first time 606 00:33:46,140 --> 00:33:50,940 S7: they've offered this this year. Uh, I do have access 607 00:33:50,940 --> 00:33:54,580 S7: to a 401 K through the company as well. Um, 608 00:33:55,420 --> 00:33:59,980 S7: but I have not been able to max that out yet. Um, 609 00:34:00,380 --> 00:34:03,740 S7: so just, um, you know, how do I decide which 610 00:34:03,780 --> 00:34:08,780 S7: one to have, um, money from my paycheck put into? 611 00:34:09,140 --> 00:34:13,450 S2: Yeah. Got it. Yeah. So this is a great question. And, 612 00:34:13,489 --> 00:34:17,330 S2: you know, ultimately, uh, the key question with the deferred 613 00:34:17,330 --> 00:34:20,330 S2: comp is whether the extra tax benefit is worth the 614 00:34:20,330 --> 00:34:22,569 S2: extra risk. So the 41K is a little bit of 615 00:34:22,570 --> 00:34:25,730 S2: a safer choice in that it's a separate trust. It's 616 00:34:25,730 --> 00:34:30,290 S2: completely protected from the company's creditors under the ERISA laws. 617 00:34:30,489 --> 00:34:33,609 S2: If the company ever has financial trouble or merges or 618 00:34:33,610 --> 00:34:36,690 S2: shuts down your 401 K is safe. The deferred comp 619 00:34:36,690 --> 00:34:40,130 S2: is not protected in that same way. It's basically a 620 00:34:40,130 --> 00:34:43,330 S2: promise from your employer to pay you later. Although it 621 00:34:43,330 --> 00:34:45,890 S2: helps that you said that there would be immediate vesting, 622 00:34:46,050 --> 00:34:49,169 S2: but the money stays on the company's books and is 623 00:34:49,170 --> 00:34:52,130 S2: legally at risk if the company ever were to go under. 624 00:34:52,130 --> 00:34:56,250 S2: But there's more flexibility and higher limits that offset that 625 00:34:56,250 --> 00:34:59,090 S2: company risk. So I think you know how to decide 626 00:34:59,090 --> 00:35:02,089 S2: as an employee would be first, you know, typically you'd 627 00:35:02,090 --> 00:35:04,890 S2: want to max out your 401 K. It's your safest, 628 00:35:04,890 --> 00:35:09,569 S2: most reliable retirement savings tool. And then I think, you know, 629 00:35:09,610 --> 00:35:12,839 S2: you look at the stability of the company. Um, but 630 00:35:12,840 --> 00:35:15,160 S2: if you feel like it's in a good spot, then 631 00:35:15,160 --> 00:35:17,680 S2: the deferred comp is still a good option, especially if 632 00:35:17,680 --> 00:35:20,759 S2: you're in a high tax bracket, uh, with a with 633 00:35:20,760 --> 00:35:23,879 S2: a financially strong company and you've already maxed out your 634 00:35:23,880 --> 00:35:28,080 S2: 401 K and want to save more pre-tax. So I 635 00:35:28,080 --> 00:35:31,239 S2: would generally look at it as the 401 K is 636 00:35:31,239 --> 00:35:34,680 S2: your foundation. And then the deferred comp is kind of 637 00:35:34,719 --> 00:35:38,839 S2: a second layer for high earners. But again, if you 638 00:35:38,840 --> 00:35:42,640 S2: have confidence that your employer is solid financially, does that 639 00:35:42,640 --> 00:35:43,240 S2: make sense? 640 00:35:44,040 --> 00:35:46,560 S7: Yes, it makes a lot of sense. Thank you so much. 641 00:35:46,800 --> 00:35:49,239 S2: Okay. Very good. Well, listen, I appreciate your call. If 642 00:35:49,239 --> 00:35:51,880 S2: you have other questions along the way Todd, don't hesitate 643 00:35:51,880 --> 00:35:54,680 S2: to reach out. Lord bless you. Let's go to Arkansas. James. 644 00:35:54,680 --> 00:35:55,200 S2: Go ahead. 645 00:35:56,000 --> 00:36:00,600 S8: Yes, sir. Thank you, Mr. West. Um, my question is, um, 646 00:36:00,640 --> 00:36:03,440 S8: my sister and I are looking into starting a, um, 647 00:36:03,560 --> 00:36:08,759 S8: a Christian Ministries studio. As far as making apologetics films, um, 648 00:36:08,830 --> 00:36:10,710 S8: so we were looking into what it's going to take 649 00:36:10,710 --> 00:36:14,469 S8: to get a 501 C3, uh, make that organization into 650 00:36:14,469 --> 00:36:18,469 S8: a 501 C3. Um, so my question is, what are 651 00:36:18,469 --> 00:36:21,790 S8: the legalities for that or getting into a 501 C3? 652 00:36:22,150 --> 00:36:26,430 S8: And how do you support yourself doing a 501 organization? 653 00:36:26,830 --> 00:36:30,029 S2: Yeah. Got it. Uh, it's a great question. I mean, 654 00:36:30,070 --> 00:36:33,390 S2: to start a 501 C3 nonprofit, you have to form 655 00:36:33,390 --> 00:36:37,230 S2: a nonprofit corporation at the state level. You draft a 656 00:36:37,230 --> 00:36:42,430 S2: purpose focused articles and bylaws that state the charitable purpose. 657 00:36:42,790 --> 00:36:46,390 S2: Then you obtain the Ein and you apply to the 658 00:36:46,390 --> 00:36:50,950 S2: IRS for that tax exempt status. I recommend you, uh, 659 00:36:51,030 --> 00:36:53,629 S2: you know, getting a CPA to help you do this. 660 00:36:53,630 --> 00:36:59,070 S2: Somebody who's skilled in setting these up because, you know, it's, uh, 661 00:36:59,070 --> 00:37:03,030 S2: it's somewhat complex. And I think, you know, the filing 662 00:37:03,190 --> 00:37:06,830 S2: of that form, you want somebody with some experience in 663 00:37:06,830 --> 00:37:10,630 S2: doing that. So it kind of flies through, um, you know, 664 00:37:10,670 --> 00:37:12,470 S2: and you need to make sure there's not any private 665 00:37:12,469 --> 00:37:16,350 S2: benefit or personal enrichment. You can pay yourself something that's 666 00:37:16,350 --> 00:37:19,069 S2: normal and customary, but you just need to make sure 667 00:37:19,070 --> 00:37:21,509 S2: it's set up right. You also want to make sure that, 668 00:37:21,550 --> 00:37:24,230 S2: you know, you have the the bylaws in place, and 669 00:37:24,230 --> 00:37:26,910 S2: somebody helps you with the articles of incorporation. You're going 670 00:37:26,950 --> 00:37:30,029 S2: to appoint a board of directors, and you would want 671 00:37:30,030 --> 00:37:32,950 S2: to make sure you establish the rhythms of not only 672 00:37:32,950 --> 00:37:36,910 S2: the tax filings, but the regular board meetings with minutes, 673 00:37:37,070 --> 00:37:39,270 S2: so that if you were ever challenged, you know, you 674 00:37:39,270 --> 00:37:43,510 S2: could show that this is truly a corporation. And then obviously, 675 00:37:43,510 --> 00:37:46,230 S2: you'd have that non for profit, tax exempt status that 676 00:37:46,230 --> 00:37:51,710 S2: allows you to to take contributions. And then once you're approved, 677 00:37:51,710 --> 00:37:55,150 S2: you need to keep those financial records, file the 990 678 00:37:55,390 --> 00:37:58,190 S2: and then use the funds for the charitable purpose. You 679 00:37:58,190 --> 00:38:01,590 S2: know a lot of people wonder your to your second question, 680 00:38:01,630 --> 00:38:04,390 S2: you know, how do I support myself. And you know, 681 00:38:04,469 --> 00:38:08,540 S2: first of all, The primary source of income would typically 682 00:38:08,540 --> 00:38:13,100 S2: be donations and fundraising. You can get grants, but you 683 00:38:13,100 --> 00:38:16,180 S2: can also have program revenue so you can charge fees 684 00:38:16,340 --> 00:38:20,700 S2: for services. In this case, you know, for the films 685 00:38:20,700 --> 00:38:23,980 S2: or if you have other, you know, services or offerings 686 00:38:23,980 --> 00:38:28,060 S2: that you make available, so long as those services or 687 00:38:28,060 --> 00:38:31,379 S2: offering support the charitable purpose. But that wouldn't be hard 688 00:38:31,380 --> 00:38:34,100 S2: to do given what you're describing here. And then you're 689 00:38:34,100 --> 00:38:37,420 S2: allowed to pay yourself or your staff what's called a 690 00:38:37,420 --> 00:38:41,339 S2: reasonable salary for the work you're performing. The IRS just 691 00:38:41,380 --> 00:38:45,339 S2: requires that that compensation isn't excessive. So you're probably going 692 00:38:45,380 --> 00:38:48,500 S2: to want to do salary surveys as a part of the, 693 00:38:48,660 --> 00:38:52,219 S2: you know, at least the annual board meeting. You know, 694 00:38:52,260 --> 00:38:55,420 S2: where you, uh, look at the budget for the year 695 00:38:56,219 --> 00:38:59,379 S2: and then, uh, you know, in terms of, you know, 696 00:38:59,420 --> 00:39:01,419 S2: while you're getting it up and running, you would want 697 00:39:01,420 --> 00:39:03,819 S2: to think about it just like any small business that 698 00:39:03,820 --> 00:39:06,370 S2: you were starting where, you know, if you were starting 699 00:39:06,370 --> 00:39:09,130 S2: a small business, you need a runway of perhaps 12 700 00:39:09,130 --> 00:39:12,090 S2: to 24 months to get that up and running. And so, 701 00:39:12,130 --> 00:39:15,370 S2: you know, you may have other employment and you're kind 702 00:39:15,370 --> 00:39:17,649 S2: of bootstrapping it while you get it up and going. 703 00:39:17,690 --> 00:39:19,850 S2: And so maybe you you do it in the nights 704 00:39:19,850 --> 00:39:23,130 S2: or weekends or, you know, you're working part time somewhere 705 00:39:23,130 --> 00:39:25,569 S2: else or even full time. And, you know, just as 706 00:39:25,570 --> 00:39:29,450 S2: you spend the organization up, regardless of whether it's a 707 00:39:29,450 --> 00:39:32,810 S2: for profit or a nonprofit. So, you know, gives you 708 00:39:32,810 --> 00:39:36,210 S2: the opportunity to get the donations in, to get the 709 00:39:36,210 --> 00:39:39,930 S2: program revenue going such that you even have the capacity 710 00:39:40,090 --> 00:39:42,850 S2: to pay yourself a reasonable salary. You may not for 711 00:39:42,850 --> 00:39:45,210 S2: a period of time. And that's where you'd either have 712 00:39:45,210 --> 00:39:48,049 S2: to have savings or some other form of income to 713 00:39:48,090 --> 00:39:51,410 S2: kind of get you through until this thing is fully functioning. 714 00:39:51,410 --> 00:39:56,170 S2: But so long as it's a viable ministry, then, you know, 715 00:39:56,210 --> 00:39:59,049 S2: there shouldn't be any problem with you receiving, you know, 716 00:39:59,090 --> 00:40:02,169 S2: compensation from it. Uh, again, as long as you can 717 00:40:02,170 --> 00:40:05,080 S2: justify it before the IRS. James I hope that helps. 718 00:40:05,080 --> 00:40:08,120 S2: All the best to you. It sounds like an awesome ministry. 719 00:40:08,120 --> 00:40:11,200 S2: I love the idea that you would create some films 720 00:40:11,200 --> 00:40:13,279 S2: and if we can help further along the way, let 721 00:40:13,280 --> 00:40:16,400 S2: us know. Uh, quickly to Texas. Roxanne. Go ahead. 722 00:40:16,920 --> 00:40:21,000 S9: Hi. Um, yes, I just had a CD mature, and 723 00:40:21,000 --> 00:40:25,400 S9: I'm just looking to put the 50,000 into something that 724 00:40:25,400 --> 00:40:28,439 S9: is more than 2%. And I heard you talk one 725 00:40:28,440 --> 00:40:31,759 S9: time about something that was 6%, I think. And then 726 00:40:31,760 --> 00:40:35,719 S9: it had dropped down to five or something. Um, yeah. Yeah, 727 00:40:35,760 --> 00:40:36,640 S9: that's what I need. 728 00:40:36,760 --> 00:40:40,880 S2: Good question. So high yield savings accounts are right around 4% 729 00:40:40,880 --> 00:40:43,400 S2: right now. You could go to Bankrate.com to see who 730 00:40:43,400 --> 00:40:46,879 S2: has the best option. Uh, CDs, depending on how long 731 00:40:46,880 --> 00:40:49,760 S2: you're looking to tie it up or around that 4% 732 00:40:50,040 --> 00:40:52,520 S2: area for about a year. If you want to get 733 00:40:52,520 --> 00:40:55,520 S2: up above that, um, you know, you're going to need 734 00:40:55,520 --> 00:40:59,839 S2: to look at probably a guaranteed fixed annuity. You may 735 00:40:59,840 --> 00:41:04,040 S2: have heard me mention That I know. For instance, you know, 736 00:41:04,080 --> 00:41:06,239 S2: one of the more popular, it's gotten a lot of 737 00:41:06,239 --> 00:41:09,520 S2: notoriety lately just because it's gotten a lot of, uh, 738 00:41:09,520 --> 00:41:13,920 S2: high ratings is one of the online annuity companies called 739 00:41:13,920 --> 00:41:18,240 S2: Gain Bridge. You can find it at Gain Bridge. Uh, 740 00:41:18,360 --> 00:41:21,439 S2: you know, they're they're very highly rated by Am best, 741 00:41:21,440 --> 00:41:24,759 S2: which is the third party rating service. And, you know, 742 00:41:24,800 --> 00:41:32,080 S2: right now they're offering, uh, products between 4.9 and 5.2%, uh, 743 00:41:32,080 --> 00:41:36,200 S2: for anywhere between 3 and 10 years. And so you 744 00:41:36,200 --> 00:41:39,240 S2: could check that out. That's an insurance product. It's a 745 00:41:39,280 --> 00:41:44,359 S2: guaranteed fixed annuity, not a bank product that has FDIC insurance. 746 00:41:44,360 --> 00:41:46,480 S2: But it could give you a little bit more yield. 747 00:41:46,680 --> 00:41:49,480 S2: Apart from that, you'd have to look at maybe treasuries 748 00:41:49,640 --> 00:41:52,200 S2: or corporate bonds. Is that helpful? 749 00:41:53,080 --> 00:41:56,600 S9: Uh, yeah. It's gain bridge with a G a that's right. 750 00:41:56,800 --> 00:42:00,549 S2: Yeah. Gain g a I n bridge.com would be an 751 00:42:00,550 --> 00:42:04,950 S2: example of an online and insurance company that does annuities, 752 00:42:04,950 --> 00:42:06,950 S2: and they're able to give a little more yield than 753 00:42:06,989 --> 00:42:09,710 S2: some of the big ones that have big, you know, 754 00:42:09,750 --> 00:42:12,189 S2: buildings that they're paying for because everything gets passed back 755 00:42:12,190 --> 00:42:13,710 S2: to the annuitants. 756 00:42:14,550 --> 00:42:17,350 S9: Right, right. Okay. Great. Thank you so much. 757 00:42:17,390 --> 00:42:19,630 S2: All right. Appreciate your call today. Well, that's going to 758 00:42:19,630 --> 00:42:21,469 S2: do it for us. Hey, let me mention as a 759 00:42:21,469 --> 00:42:24,509 S2: listener supported ministry, this is a really important time for 760 00:42:24,510 --> 00:42:27,430 S2: us to hear from you. Every gift doubled to faith 761 00:42:27,430 --> 00:42:31,430 S2: five between now and December 31st, because of some generous friends. 762 00:42:31,430 --> 00:42:33,950 S2: And with a gift of any amount as our thank you, 763 00:42:33,989 --> 00:42:36,310 S2: we'll send you a copy of my new devotional, Our 764 00:42:36,350 --> 00:42:40,430 S2: Ultimate Treasure, that comes out in early 2026. Just head 765 00:42:40,430 --> 00:42:46,469 S2: to faith. Com that's faith. Hey, faith and finance is 766 00:42:46,469 --> 00:42:49,469 S2: a ministry of faith. Fi and Moody Radio. Thanks to 767 00:42:49,510 --> 00:42:51,830 S2: my team today and we'll see you tomorrow. Come back 768 00:42:51,830 --> 00:42:52,990 S2: and join us then. Bye bye.