1 00:00:08,360 --> 00:00:13,399 S1: Most major economic forecasters now expect U.S. growth in 2026 2 00:00:13,400 --> 00:00:16,919 S1: to hover around one and a half to 2%. Slow, 3 00:00:17,079 --> 00:00:20,720 S1: but not a recession. Hi, I'm Rob West. Still, some 4 00:00:20,720 --> 00:00:24,640 S1: analysts warn that a mild downturn is possible if inflation 5 00:00:24,640 --> 00:00:28,120 S1: or global trade tensions flare up. And that raises real 6 00:00:28,120 --> 00:00:32,520 S1: questions about rising health care costs today. Lauren joins us 7 00:00:32,520 --> 00:00:35,800 S1: with practical ways to ease the anxiety of paying for 8 00:00:35,800 --> 00:00:38,760 S1: care in uncertain times. And then it's on to your 9 00:00:38,760 --> 00:00:43,879 S1: calls at 800 525 7000. This is faith in finance. Live. 10 00:00:43,920 --> 00:00:50,560 S1: Biblical wisdom for your financial decisions. Well, our guest today 11 00:00:50,560 --> 00:00:53,960 S1: is my friend Lauren Gaedeke, senior director of external affairs 12 00:00:53,960 --> 00:00:58,920 S1: at Christian Healthcare Ministries, a much valued underwriter of this program. Lauren, 13 00:00:58,920 --> 00:01:00,340 S1: great to have you back with us. 14 00:01:00,340 --> 00:01:02,700 S2: Oh, great to be back with you in 2026. 15 00:01:03,060 --> 00:01:06,780 S1: Lauren. Economic uncertainty is on many people's minds, and health 16 00:01:06,819 --> 00:01:10,620 S1: care costs tend to amplify that stress. So I'd love 17 00:01:10,620 --> 00:01:15,100 S1: to start with your perspective on what's contributing to these worries. 18 00:01:15,140 --> 00:01:18,539 S2: Sure. Well, you mentioned the slow GDP growth, but there 19 00:01:18,540 --> 00:01:21,140 S2: are some other things at play here. You know, we 20 00:01:21,140 --> 00:01:26,460 S2: have unemployment at 4.4% and inflation is not really back 21 00:01:26,459 --> 00:01:28,740 S2: down where the Federal Reserve would like it to be 22 00:01:29,220 --> 00:01:33,060 S2: at 2%. So I think for households and retirees, the 23 00:01:33,060 --> 00:01:35,260 S2: main takeaway here is it's probably going to be a 24 00:01:35,260 --> 00:01:39,020 S2: little bit of a slow growth, higher uncertainty environment. 25 00:01:39,060 --> 00:01:42,140 S1: Yeah. And that can sound discouraging. But Lauren you always 26 00:01:42,140 --> 00:01:44,619 S1: help us look at the hopeful side of things. So 27 00:01:44,860 --> 00:01:47,980 S1: if someone were to lose their job and with it 28 00:01:47,980 --> 00:01:51,780 S1: their employer provided health coverage. Let's talk about the options 29 00:01:51,780 --> 00:01:52,860 S1: that are available. 30 00:01:52,860 --> 00:01:55,420 S2: Sure. Yeah. Some of them are good options and some 31 00:01:55,420 --> 00:01:57,940 S2: of them not so much. You know, one thing you 32 00:01:57,940 --> 00:02:00,200 S2: could do is you could go on Cobra, which is 33 00:02:00,200 --> 00:02:04,800 S2: an extension of your employer health plan. However, you would 34 00:02:04,800 --> 00:02:07,680 S2: have to foot the cost of that 100%, so it's 35 00:02:07,680 --> 00:02:13,600 S2: very expensive. Um, also another option would be go to healthcare.gov. However, 36 00:02:13,600 --> 00:02:17,400 S2: I've done a bunch of research on that myself. And um, 37 00:02:17,400 --> 00:02:19,920 S2: it's also very, very costly, especially when you look at 38 00:02:19,919 --> 00:02:23,680 S2: some of those out-of-pocket maximums, you know, with families paying 39 00:02:23,720 --> 00:02:27,640 S2: in some cases more than $20,000 per year. So really, 40 00:02:27,680 --> 00:02:30,399 S2: I think, you know, if you're looking for a great alternative, 41 00:02:30,440 --> 00:02:33,239 S2: the best one out there is health cost sharing ministries 42 00:02:33,240 --> 00:02:37,480 S2: and Christian healthcare ministries. We're not insurance, but we are 43 00:02:37,480 --> 00:02:40,000 S2: here to help people with their medical bills as well. 44 00:02:40,000 --> 00:02:42,839 S1: And you've served so many of our listeners and some 45 00:02:42,840 --> 00:02:47,760 S1: of our staff team here at Faith, I actually use personally, 46 00:02:47,800 --> 00:02:51,840 S1: and they can tell you it is just an incredible organization, 47 00:02:51,840 --> 00:02:56,840 S1: ministry and support for their healthcare costs. So let's explain 48 00:02:56,840 --> 00:02:59,820 S1: how health cost sharing works for someone who's new to 49 00:02:59,860 --> 00:03:00,500 S1: this idea. 50 00:03:00,540 --> 00:03:04,460 S2: Yeah, absolutely. So health cost sharing is the gathering of 51 00:03:04,460 --> 00:03:07,460 S2: people together to share in their medical costs. It's a 52 00:03:07,460 --> 00:03:11,500 S2: faith based model. We're based on Galatians six two, and 53 00:03:11,500 --> 00:03:14,980 S2: we carry each other's burdens. So you as the member, 54 00:03:15,020 --> 00:03:21,100 S2: are responsible legally for your medical bills. But c.h.m. Helps 55 00:03:21,100 --> 00:03:25,419 S2: to share 100% of all of the eligible bills that 56 00:03:25,419 --> 00:03:28,140 S2: you send in to us on the back end. 57 00:03:28,460 --> 00:03:31,980 S1: Okay, let's get specific for a second and talk about 58 00:03:31,980 --> 00:03:35,220 S1: an example of a program and the associated costs. 59 00:03:35,260 --> 00:03:38,380 S2: Yeah, I can give the example of our gold program. 60 00:03:38,900 --> 00:03:43,820 S2: So that is $299 per unit per month. And I 61 00:03:43,820 --> 00:03:47,740 S2: can explain what a unit is, but it's essentially an individual. 62 00:03:47,740 --> 00:03:50,420 S2: So a mom a dad each would be a unit. 63 00:03:50,420 --> 00:03:54,380 S2: And then all dependent children on your membership would also 64 00:03:54,380 --> 00:03:57,750 S2: be one unit. So it's a great deal for families. 65 00:03:57,750 --> 00:04:01,150 S2: And we also have other programs. Our silver and our 66 00:04:01,150 --> 00:04:05,950 S2: bronze and even our senior share program for retirees. So 67 00:04:05,950 --> 00:04:08,910 S2: you can really customize it based on your budget and 68 00:04:08,910 --> 00:04:09,630 S2: your needs. 69 00:04:10,390 --> 00:04:13,150 S1: Yeah. And you mentioned it's not insurance, but explain how 70 00:04:13,150 --> 00:04:15,270 S1: health cost sharing works. Then as you show up to 71 00:04:15,310 --> 00:04:17,669 S1: the doctor and you incur medical bills. 72 00:04:17,870 --> 00:04:20,390 S2: Right. So if you end up in the emergency room, 73 00:04:20,430 --> 00:04:24,670 S2: you know, God forbid. Uh c.h.m. Would share those costs 74 00:04:24,670 --> 00:04:28,830 S2: after your personal responsibility amount. And, uh, you know, if 75 00:04:28,830 --> 00:04:31,870 S2: you had a follow up visit, like with your general practitioner, 76 00:04:32,070 --> 00:04:35,150 S2: anything that falls within the same incident, you can submit 77 00:04:35,150 --> 00:04:39,030 S2: those medical bills to c.h.m. For reimbursement. 78 00:04:39,470 --> 00:04:42,910 S1: Incredible. Well, you all are the oldest in this space, 79 00:04:42,910 --> 00:04:46,270 S1: and you've been a long time underwriter of this program. And, Lauren, 80 00:04:46,430 --> 00:04:49,510 S1: how much has been shared in medical bills since C.h.m 81 00:04:49,550 --> 00:04:50,350 S1: was founded? 82 00:04:50,910 --> 00:04:53,310 S2: Over $13 billion billion. 83 00:04:53,350 --> 00:04:53,710 S3: With a B. 84 00:04:53,750 --> 00:04:59,050 S1: Incredible $13 Billion dollars. Well, I know it's a ministry, 85 00:04:59,050 --> 00:05:02,810 S1: but it's also providing an incredible service to God's people. 86 00:05:02,810 --> 00:05:05,089 S1: Thanks for your partnership. Thanks for being here today. 87 00:05:05,330 --> 00:05:07,090 S2: Thank you. Have a good one, folks. 88 00:05:07,089 --> 00:05:12,170 S1: If you want to learn more, go to Sea Org. That's. 89 00:05:14,890 --> 00:05:17,049 S1: Where we'll be right back. 90 00:05:30,730 --> 00:05:34,130 S4: The opinions offered during this program represent the personal or 91 00:05:34,130 --> 00:05:38,969 S4: professional opinions of the participants, given for informational purposes only. 92 00:05:39,210 --> 00:05:42,810 S4: Any information provided is not intended to replace advice from 93 00:05:42,810 --> 00:05:47,570 S4: a financial, medical, legal, or other professional who understands your 94 00:05:47,570 --> 00:05:49,010 S4: specific situation. 95 00:05:56,310 --> 00:05:58,909 S1: Hey, thanks for joining us today on Faith and Finance Live. 96 00:05:58,910 --> 00:06:01,710 S1: I'm Rob West. Well looking forward to taking your calls 97 00:06:01,710 --> 00:06:06,870 S1: and questions today. When you call 800 525 7000. Again 98 00:06:06,870 --> 00:06:11,469 S1: that number is 800 525 7000. We'd love to help 99 00:06:11,470 --> 00:06:14,910 S1: you process whatever you're thinking about in your financial life today, 100 00:06:14,950 --> 00:06:17,830 S1: and help you do that in light of biblical wisdom. 101 00:06:17,830 --> 00:06:19,910 S1: We do have some lines open. We'll have the entire 102 00:06:19,910 --> 00:06:23,070 S1: remainder of the broadcast to address whatever is on your 103 00:06:23,070 --> 00:06:26,110 S1: mind today. So the only thing we need is you again, 104 00:06:26,110 --> 00:06:30,630 S1: that number 800 525 7000. We'll dive into those calls 105 00:06:30,630 --> 00:06:33,430 S1: here in just a moment. So starting in Indiana but 106 00:06:33,430 --> 00:06:36,630 S1: first in the news today a defaulted student loan borrowers 107 00:06:36,670 --> 00:06:40,230 S1: got a break last week after the Trump administration paused 108 00:06:40,230 --> 00:06:44,070 S1: forced collections. That's right. The move reverses earlier plans by 109 00:06:44,070 --> 00:06:48,110 S1: the Education department to begin garnishing wages and Social security 110 00:06:48,110 --> 00:06:52,230 S1: benefits in early January. About 9 million borrowers are currently 111 00:06:52,230 --> 00:06:55,849 S1: in default, and advocates say the delay gives them time 112 00:06:55,850 --> 00:07:00,290 S1: to bring loans back into good standing and avoid losing income. Now, 113 00:07:00,290 --> 00:07:03,290 S1: it's not clear yet how long the pause will last. 114 00:07:03,290 --> 00:07:07,610 S1: Officials said the delay allows them to implement changes from 115 00:07:07,610 --> 00:07:12,530 S1: Trump's recent legislation, which expands options for getting out of 116 00:07:12,530 --> 00:07:17,690 S1: default and overhauls the repayment plans. Now, during the pause, 117 00:07:17,890 --> 00:07:23,570 S1: experts recommend filing taxes promptly to protect refunds and taking 118 00:07:23,570 --> 00:07:27,530 S1: steps to exit default by choosing an affordable repayment plan. 119 00:07:27,530 --> 00:07:33,370 S1: Often the ID or ID the income driven option to 120 00:07:33,410 --> 00:07:37,130 S1: stay current once collections resume. And this is precisely why 121 00:07:37,130 --> 00:07:41,250 S1: we encourage folks not to refinance these federal loans with 122 00:07:41,250 --> 00:07:43,690 S1: private loans. Even if you can get a slightly lower 123 00:07:43,690 --> 00:07:47,610 S1: interest rate because you're giving up those income driven repayment 124 00:07:47,610 --> 00:07:51,170 S1: options that only the federal loan program offers, it's not 125 00:07:51,170 --> 00:07:53,410 S1: great because it's going to take longer and more interest 126 00:07:53,590 --> 00:07:55,309 S1: to pay it back. But if you're in a real 127 00:07:55,350 --> 00:07:59,110 S1: hardship situation, much better to take the lower income driven 128 00:07:59,110 --> 00:08:03,110 S1: repayment option than getting into default and garnishments and everything 129 00:08:03,110 --> 00:08:05,710 S1: else that comes with it. So something to watch, but 130 00:08:05,710 --> 00:08:07,670 S1: good news if you happen to be in default. A 131 00:08:07,670 --> 00:08:11,190 S1: little extra time to get that back into good standing. 132 00:08:11,350 --> 00:08:15,630 S1: Also news coming out of Davos today. President Trump saying 133 00:08:15,830 --> 00:08:20,270 S1: that there's a concept of a deal on Greenland after 134 00:08:20,270 --> 00:08:24,950 S1: he has emerged from a meeting with the chief of NATO. 135 00:08:25,230 --> 00:08:27,790 S1: And so we'll learn more on that in the days ahead. 136 00:08:27,910 --> 00:08:31,830 S1: Trump saying that it involves mineral rights for the US 137 00:08:31,870 --> 00:08:34,510 S1: and it is very long term. He used the word 138 00:08:34,510 --> 00:08:38,630 S1: infinite meaning if it's not a full out acquisition, perhaps 139 00:08:38,630 --> 00:08:42,150 S1: it's some sort of agreement that guarantees the US access 140 00:08:42,150 --> 00:08:47,150 S1: to Greenland for security purposes and apparently mineral rights, maybe 141 00:08:47,150 --> 00:08:50,630 S1: for a long, long time into the future, at least 142 00:08:50,630 --> 00:08:53,650 S1: long enough for him to feel like there's something there. 143 00:08:53,770 --> 00:08:57,490 S1: As a result, he has said that the additional tariffs 144 00:08:57,490 --> 00:09:00,810 S1: on Europe are off as a result of this new 145 00:09:00,809 --> 00:09:03,490 S1: framework of a deal. The market like that shot up 146 00:09:03,530 --> 00:09:08,170 S1: 600 points on the Dow Jones, the S&P 500 up 147 00:09:08,530 --> 00:09:11,890 S1: over 1%. Same for the Nasdaq will of course get 148 00:09:11,890 --> 00:09:17,730 S1: more information in the hours ahead. But nevertheless some good 149 00:09:17,730 --> 00:09:20,090 S1: news coming out of Switzerland. All right. We're going to 150 00:09:20,090 --> 00:09:23,010 S1: begin taking your calls and questions today. We'd love to 151 00:09:23,010 --> 00:09:24,730 S1: hear from you. We do have a few lines open, 152 00:09:24,730 --> 00:09:27,290 S1: although the calls are coming in. The number to call 153 00:09:27,290 --> 00:09:34,450 S1: is 800 525 7000. That's 800 525 7000. Let's start 154 00:09:34,450 --> 00:09:36,490 S1: in Indiana today. Kyle, go right ahead. 155 00:09:36,530 --> 00:09:40,490 S5: Yeah. Thanks for taking my call. Um, I'm hoping to 156 00:09:40,530 --> 00:09:44,450 S5: get a little wisdom on discerning the difference between trying 157 00:09:44,450 --> 00:09:48,689 S5: to build godly wealth and just satisfying my own greed. 158 00:09:48,890 --> 00:09:52,830 S1: Mhm. Yeah. Uh, what do you. I love the question, 159 00:09:52,830 --> 00:09:55,670 S1: and I love that you're really wanting to live in 160 00:09:55,670 --> 00:09:59,030 S1: a God honoring way as you manage God's resources. Um, 161 00:09:59,390 --> 00:10:02,190 S1: is there anything in particular that's that's driving it? Do 162 00:10:02,190 --> 00:10:05,390 S1: you just have kind of an uneasiness and you're wrestling 163 00:10:05,390 --> 00:10:07,470 S1: with the tension, or is there anything else you might 164 00:10:07,510 --> 00:10:09,270 S1: offer just in terms of what you're thinking? 165 00:10:09,630 --> 00:10:13,230 S5: Uh, yeah. I started a construction business about a year 166 00:10:13,230 --> 00:10:16,230 S5: and a half ago, and it's been going pretty well. Um, 167 00:10:16,429 --> 00:10:18,470 S5: but of course, I want to continue to grow the business. 168 00:10:18,470 --> 00:10:22,230 S5: But I'm wondering about the difference between trying to grow, 169 00:10:22,429 --> 00:10:26,270 S5: you know, beyond my means of. Or is it out 170 00:10:26,270 --> 00:10:29,309 S5: of my own personal greed just to obtain more wealth 171 00:10:29,309 --> 00:10:32,350 S5: and spend money? You know, however I see fit? Or, 172 00:10:32,910 --> 00:10:35,390 S5: you know, is there any sort of a limit to 173 00:10:35,429 --> 00:10:41,110 S5: what God would consider to be appropriate? Yeah, yeah. As 174 00:10:41,110 --> 00:10:42,230 S5: far as earnings, I guess. 175 00:10:42,550 --> 00:10:45,710 S1: Yeah, it's a great question. So, you know, I think 176 00:10:45,710 --> 00:10:49,070 S1: ultimately this is a hard issue. A helpful test I 177 00:10:49,070 --> 00:10:52,600 S1: think is to ask why you want the wealth and 178 00:10:52,600 --> 00:10:55,680 S1: what you plan to do with it. Because godly wealth 179 00:10:55,679 --> 00:11:00,360 S1: views resources as gifts to a steward. We see that 180 00:11:00,360 --> 00:11:05,199 S1: in Deuteronomy 818. It all belongs to God. It's entrusted 181 00:11:05,200 --> 00:11:08,840 S1: to our care to be found faithful with it. And 182 00:11:08,840 --> 00:11:13,160 S1: I think the purpose is, you know, to provide, to give, 183 00:11:13,200 --> 00:11:18,360 S1: to serve, to advance kingdom purposes. Ultimately, money is a tool. Now, 184 00:11:18,360 --> 00:11:23,160 S1: greed treats money as the ultimate treasure and that seeks security, 185 00:11:23,200 --> 00:11:27,160 S1: identity or power apart from God. And we see that 186 00:11:27,160 --> 00:11:31,439 S1: plainly called out in Luke 12 verse 15. So I 187 00:11:31,440 --> 00:11:35,520 S1: think our motives, though, show up in our practices, the 188 00:11:35,520 --> 00:11:38,160 S1: way we handle money, uh, and the way we think 189 00:11:38,160 --> 00:11:40,880 S1: about it. So, you know, one way to look at 190 00:11:40,880 --> 00:11:46,440 S1: it might be contentment versus restlessness. So godly stewardship can 191 00:11:46,440 --> 00:11:53,100 S1: work diligently, yet rest in God's provision. Uh, whereas greed, 192 00:11:53,100 --> 00:11:56,500 S1: you can never have enough when that's the the motivation. 193 00:11:56,700 --> 00:12:00,180 S1: And then another area might be generosity versus withholding. So 194 00:12:00,179 --> 00:12:05,460 S1: godly wealth opens the hand. Greed clings tightly. Um, what 195 00:12:05,460 --> 00:12:10,740 S1: about in a temporal, uh, temporal perspective versus an eternal well, 196 00:12:10,780 --> 00:12:15,420 S1: godly wealth asks how the resources can honor Christ. Greed 197 00:12:15,420 --> 00:12:19,699 S1: focuses on self and the here and now. Uh, and 198 00:12:19,700 --> 00:12:22,859 S1: then there's worship of God versus the worship of money. 199 00:12:23,020 --> 00:12:26,500 S1: Jesus warned, we can't serve both in Matthew six. So 200 00:12:26,540 --> 00:12:28,580 S1: here's what I would say to you. I think, you know, 201 00:12:28,620 --> 00:12:31,300 S1: make this a matter of prayer. Pray that the Holy 202 00:12:31,300 --> 00:12:33,339 S1: Spirit would search your heart. I think we all need 203 00:12:33,340 --> 00:12:35,660 S1: to do this. I'm talking to myself as well. We 204 00:12:35,660 --> 00:12:40,660 S1: need to invite accountability. We need to examine our budgets. Because, remember, uh, 205 00:12:40,660 --> 00:12:45,100 S1: you know, your spending is a clear indicator of your values. 206 00:12:45,260 --> 00:12:48,339 S1: And so as your level of income rises, does that 207 00:12:48,340 --> 00:12:51,520 S1: mean your level of spending for on your lifestyle is 208 00:12:51,520 --> 00:12:54,719 S1: automatically rising with it? Uh, maybe you need to guard 209 00:12:54,720 --> 00:12:56,760 S1: against that. And so I think, you know, looking at 210 00:12:56,760 --> 00:13:02,880 S1: your budget as a revealer of your priorities is really helpful. Uh, ultimately, 211 00:13:02,880 --> 00:13:06,840 S1: the goal isn't to fear wealth or idolize it, but 212 00:13:06,840 --> 00:13:09,520 S1: to trust God is our true treasure. Uh, you know, 213 00:13:09,559 --> 00:13:12,959 S1: when wealth is received with gratitude, it's used with wisdom. 214 00:13:12,960 --> 00:13:17,560 S1: It's released with generosity. It becomes a tool for love 215 00:13:17,559 --> 00:13:20,160 S1: rather than an object of worship. And I think that's 216 00:13:20,160 --> 00:13:23,360 S1: ultimately what we need to be able to decipher in 217 00:13:23,360 --> 00:13:26,240 S1: our own hearts before the Lord is what is my 218 00:13:26,240 --> 00:13:31,720 S1: endgame here? What is my my definition of success? And, um, 219 00:13:31,760 --> 00:13:37,440 S1: ultimately we need to redefine success because remember, uh, Matthew 16, 220 00:13:37,440 --> 00:13:39,199 S1: for what will it profit a man if he gains 221 00:13:39,200 --> 00:13:43,719 S1: the whole world and forfeits his soul? You know, ultimately 222 00:13:43,760 --> 00:13:46,440 S1: we are rich not because of what we have in 223 00:13:46,440 --> 00:13:50,420 S1: our bank accounts, but because of our position in Christ. 224 00:13:50,460 --> 00:13:53,380 S1: Remember what Paul said? He said, I count everything as 225 00:13:53,380 --> 00:13:57,540 S1: lost because of the surpassing worth of knowing Christ Jesus 226 00:13:57,820 --> 00:14:02,180 S1: my Lord. And so when we ask that question that way, 227 00:14:02,179 --> 00:14:04,540 S1: I think it redefines everything. And at the end of 228 00:14:04,540 --> 00:14:08,340 S1: the day, success isn't about bigger barns or better resumes 229 00:14:08,340 --> 00:14:12,020 S1: or a bigger small business. It's not about gain. It's 230 00:14:12,020 --> 00:14:15,220 S1: becoming more like Christ each day. I hope that's helpful. Kyle, 231 00:14:15,220 --> 00:14:16,699 S1: stay on the line. We'll talk a bit more. I'll 232 00:14:16,700 --> 00:14:24,260 S1: be right back. Thanks for joining us today on Faith 233 00:14:24,260 --> 00:14:27,100 S1: and Finance Live. I'm Rob West. We're taking your calls 234 00:14:27,100 --> 00:14:29,500 S1: and questions before the break. I was talking to Kyle 235 00:14:29,500 --> 00:14:31,980 S1: in Indiana. He's got a small business. He wants to 236 00:14:32,020 --> 00:14:34,780 S1: grow it, but he's just really wrestling with the tension 237 00:14:34,780 --> 00:14:39,180 S1: between trying to accumulate wealth and growing his business and 238 00:14:39,180 --> 00:14:43,100 S1: being greedy and making sure that he's handling money God's way. 239 00:14:43,140 --> 00:14:47,080 S1: And Kyle, I shared with you about redefining success and really, 240 00:14:47,400 --> 00:14:50,800 S1: you know, gauging your heart posture as to the reason 241 00:14:50,800 --> 00:14:52,880 S1: you want to grow wealth. Because remember, there's nothing wrong 242 00:14:52,880 --> 00:14:55,000 S1: with money. It's a good gift from a good God 243 00:14:55,000 --> 00:14:58,520 S1: meant for our enjoyment and provision. But ultimately it's a tool. 244 00:14:58,760 --> 00:15:01,400 S1: And the moment it becomes the end and not a 245 00:15:01,400 --> 00:15:04,600 S1: means to an end to glorify God, then that's where 246 00:15:04,600 --> 00:15:07,320 S1: it becomes problematic. But give me your thoughts on everything 247 00:15:07,320 --> 00:15:07,880 S1: I shared. 248 00:15:08,280 --> 00:15:11,160 S5: Uh, I mean, that sounds exactly like what I needed 249 00:15:11,160 --> 00:15:13,800 S5: to hear. Um, you know, I've never had money. I 250 00:15:14,280 --> 00:15:17,480 S5: hope to gain more money, right? Just for my own 251 00:15:17,520 --> 00:15:21,040 S5: security and to be able to take care of my family. But, um, 252 00:15:21,080 --> 00:15:25,880 S5: I guess my worry is really, if I were to obtain, say, 253 00:15:25,880 --> 00:15:28,920 S5: this year, a boatload of money, you know, what would 254 00:15:28,920 --> 00:15:31,360 S5: that do to me? I pray, and I hope that 255 00:15:31,360 --> 00:15:33,680 S5: it wouldn't change me for the worse. But I wonder 256 00:15:33,680 --> 00:15:37,120 S5: if maybe God has not entrusted me with wealth yet 257 00:15:37,160 --> 00:15:38,240 S5: for that reason. 258 00:15:38,280 --> 00:15:40,840 S1: Yeah, yeah. Well, one of the ways you can guard 259 00:15:40,840 --> 00:15:46,220 S1: against that is to set some financial finish lines up front. Um, 260 00:15:46,300 --> 00:15:49,900 S1: you know, there's a great book that was written by 261 00:15:49,900 --> 00:15:54,940 S1: my friend John Cortinez, who is on this program periodically. Uh, 262 00:15:54,940 --> 00:15:58,140 S1: it's called God and Money How We Discover True Riches 263 00:15:58,140 --> 00:16:01,620 S1: at Harvard Business School. And it's by John Cortinez and 264 00:16:01,620 --> 00:16:04,260 S1: his good buddy Greg Balmer. And they took a class 265 00:16:04,260 --> 00:16:07,180 S1: on God and Money and Harvard Business School, interestingly. And 266 00:16:07,180 --> 00:16:10,900 S1: then they did a research project and interviewed people who 267 00:16:10,900 --> 00:16:13,940 S1: were graduates around generosity and the role of money in 268 00:16:13,980 --> 00:16:16,940 S1: their lives. And it's just a fascinating read. But one 269 00:16:16,940 --> 00:16:20,300 S1: of the things John and Greg did, uh, while they 270 00:16:20,300 --> 00:16:23,620 S1: were still in school, was they defined enough they set 271 00:16:23,660 --> 00:16:26,980 S1: financial finish lines in advance. Now, John ended up going 272 00:16:26,980 --> 00:16:31,739 S1: on into ministry. Greg went into finance. Greg has since, 273 00:16:31,940 --> 00:16:36,340 S1: you know, sold several companies worth multi-millions of dollars. But 274 00:16:36,340 --> 00:16:39,660 S1: he and John, both taking different paths, have always stuck 275 00:16:39,660 --> 00:16:43,900 S1: to those finish lines that they set very early on. And, 276 00:16:43,940 --> 00:16:46,240 S1: you know, I think that's one way to kind of 277 00:16:46,280 --> 00:16:51,000 S1: guard ourselves against materialism. And it just kind of frees 278 00:16:51,000 --> 00:16:53,640 S1: us up. Now, you may change that finish line over time. 279 00:16:53,640 --> 00:16:55,760 S1: It doesn't mean that you have to kind of lock 280 00:16:55,760 --> 00:16:58,480 S1: that down and never to be changed again. I think 281 00:16:58,480 --> 00:17:00,960 S1: that could be a moving target. But, you know, there's 282 00:17:00,960 --> 00:17:03,960 S1: something about going through that exercise to say, God, what 283 00:17:04,000 --> 00:17:08,400 S1: lifestyle have you called me to? And above that, Lord, 284 00:17:08,400 --> 00:17:11,639 S1: I'm going to commit, uh, you know, that everything else 285 00:17:11,640 --> 00:17:16,240 S1: just gets put back into circulation in your economy. And boy, there's, uh, 286 00:17:16,240 --> 00:17:19,399 S1: you know, few exercises like that that will kind of 287 00:17:19,440 --> 00:17:23,080 S1: ground you as to the purpose of money, especially when 288 00:17:23,080 --> 00:17:26,440 S1: you make that decision before, uh, you know, God provides 289 00:17:26,440 --> 00:17:28,880 S1: it if he chooses to do that. So here's what 290 00:17:28,880 --> 00:17:31,480 S1: I'd love to do. Um, I want to send you 291 00:17:31,480 --> 00:17:34,240 S1: a copy of that book. It's called God and Money 292 00:17:34,400 --> 00:17:36,960 S1: How We Discovered True Riches at Harvard Business School by 293 00:17:36,960 --> 00:17:39,000 S1: John Cortinas and Greg Balmer. I'd love for you to 294 00:17:39,000 --> 00:17:42,200 S1: read it. I think it'll be a real blessing to you. And, uh, 295 00:17:42,200 --> 00:17:44,770 S1: if you want to talk further about it After you 296 00:17:44,810 --> 00:17:45,889 S1: do that, give me a call. 297 00:17:45,930 --> 00:17:47,890 S5: Oh, I appreciate that very much. Thank you. 298 00:17:47,930 --> 00:17:50,650 S1: All right. Absolutely, Kyle, you enjoy that. Thanks for being 299 00:17:50,650 --> 00:17:54,090 S1: on the program today. Let's go to Butler, Georgia. Cynthia. 300 00:17:54,130 --> 00:17:54,649 S1: Go ahead. 301 00:17:54,970 --> 00:17:58,810 S6: Yes. Uh, my mother is almost 80. She still has 302 00:17:58,810 --> 00:18:02,609 S6: a mortgage. And I'm wondering if I need to pay 303 00:18:02,609 --> 00:18:05,730 S6: off the mortgage and put her house in my name 304 00:18:06,050 --> 00:18:08,850 S6: in case something happens, and she needs to go into 305 00:18:08,890 --> 00:18:11,050 S6: a nursing home or something to that effect. 306 00:18:11,090 --> 00:18:16,050 S1: Yeah, yeah, generally speaking, that's not the way to go. Um, 307 00:18:16,090 --> 00:18:20,210 S1: you know, if nursing home and care and Medicaid are 308 00:18:20,250 --> 00:18:25,210 S1: even a possibility, um, because, uh, you know, Medicaid has 309 00:18:25,250 --> 00:18:27,450 S1: what's called a five year lookback. So if your mom 310 00:18:27,450 --> 00:18:30,650 S1: were to apply for Medicaid, it reviews all asset transfers 311 00:18:30,650 --> 00:18:33,530 S1: in the last five years. And then, you know, giving 312 00:18:33,530 --> 00:18:38,770 S1: your home to a child, uh, is considered a gift. And, 313 00:18:38,810 --> 00:18:42,290 S1: you know, that could trigger a penalty period where Medicaid 314 00:18:42,290 --> 00:18:46,310 S1: won't pay. Paying off the mortgage doesn't help either because 315 00:18:46,350 --> 00:18:49,950 S1: you know that doesn't change. It just changes and converts 316 00:18:49,990 --> 00:18:53,629 S1: cash into home equity, essentially. Um, and it can create 317 00:18:53,630 --> 00:18:57,750 S1: some tax issues because you lose the step up in basis. 318 00:18:57,750 --> 00:19:00,750 S1: So if you receive this as a gift, you inherit 319 00:19:00,750 --> 00:19:05,350 S1: your mom's original cost basis to determine the capital gains 320 00:19:05,350 --> 00:19:07,950 S1: that are owed when you sell it. Whereas if you 321 00:19:07,950 --> 00:19:10,830 S1: inherit it, you enjoy that step up in basis. So 322 00:19:10,869 --> 00:19:14,110 S1: then the new cost basis is the market value as 323 00:19:14,109 --> 00:19:15,870 S1: of the date of death, which means if you sell 324 00:19:15,869 --> 00:19:20,670 S1: it pretty quickly after, you wouldn't have any taxes on it. Um, 325 00:19:20,670 --> 00:19:23,830 S1: so I think there's a reason to really go slow 326 00:19:23,830 --> 00:19:27,429 S1: on this and, and get some counsel. You probably, um, 327 00:19:27,430 --> 00:19:29,510 S1: you know, want to, at least for now, leave it 328 00:19:29,510 --> 00:19:32,470 S1: in your mom's name. That's often best. I would talk 329 00:19:32,470 --> 00:19:36,229 S1: to an elder care attorney. Um, they could look at, 330 00:19:36,270 --> 00:19:39,949 S1: you know, the various options. If a medicaid asset protection 331 00:19:39,950 --> 00:19:44,169 S1: trust might make sense. Generally it doesn't, but it might, um, 332 00:19:44,530 --> 00:19:47,930 S1: you know, how to structure care without triggering penalties. And 333 00:19:47,930 --> 00:19:50,170 S1: then they could help you formulate a plan for an 334 00:19:50,170 --> 00:19:54,170 S1: efficient transfer of the property that preserves those tax benefits, 335 00:19:54,210 --> 00:19:56,930 S1: like a a transfer on death deed or a lady 336 00:19:56,930 --> 00:20:00,129 S1: bird deed. Um, and then, you know, generally what you 337 00:20:00,130 --> 00:20:04,369 S1: would do is use your mom's assets for her care appropriately, um, 338 00:20:04,609 --> 00:20:08,810 S1: before any government assistance is tapped into. And that would 339 00:20:08,810 --> 00:20:12,770 S1: require her to spend down under a certain limit. Uh, 340 00:20:12,770 --> 00:20:13,730 S1: does that make sense? 341 00:20:14,410 --> 00:20:20,570 S6: Yes. Okay. I am the executor on her will. Okay, 342 00:20:20,609 --> 00:20:24,210 S6: so would do. I just need to leave everything like 343 00:20:24,210 --> 00:20:26,770 S6: it is and then at the time of her death, 344 00:20:26,810 --> 00:20:28,250 S6: then handle everything? 345 00:20:28,730 --> 00:20:32,690 S1: I mean. Yeah. So that's your role as the executor is, 346 00:20:32,730 --> 00:20:36,369 S1: you know, your job takes place at death, where you 347 00:20:36,369 --> 00:20:41,010 S1: would work along with the probate court to distribute her 348 00:20:41,230 --> 00:20:44,430 S1: assets according to her wishes, as outlined in her last 349 00:20:44,430 --> 00:20:46,910 S1: will and testament. So yeah, that would be your job, 350 00:20:46,910 --> 00:20:49,430 S1: and there's nothing you need to do prior to death 351 00:20:49,470 --> 00:20:54,430 S1: other than to understand, uh, you know, your role and responsibility. However, 352 00:20:54,630 --> 00:20:56,950 S1: I will say, if you're wanting to do some planning 353 00:20:56,950 --> 00:21:00,910 S1: for how you're going to cover the expenses related to 354 00:21:00,950 --> 00:21:03,310 S1: her care in this next season of life, especially if 355 00:21:03,310 --> 00:21:06,390 S1: they're going to go beyond the assets she has available, 356 00:21:06,670 --> 00:21:09,669 S1: getting some counsel on how to go about that, the 357 00:21:09,670 --> 00:21:11,989 S1: best way to do that, to take full advantage of 358 00:21:11,990 --> 00:21:15,470 S1: any benefits coming to her and to consider her estate 359 00:21:15,470 --> 00:21:18,470 S1: plan as a part of that, and if any additional 360 00:21:18,470 --> 00:21:21,390 S1: legal tools need to be used. That's where I think 361 00:21:21,430 --> 00:21:23,790 S1: an elder care attorney could come into play. If you 362 00:21:23,790 --> 00:21:26,590 S1: don't have access to one or someone that you know of, 363 00:21:26,590 --> 00:21:29,430 S1: you could reach out to a certified Kingdom advisor and 364 00:21:29,430 --> 00:21:32,110 S1: ask for a referral there in Georgia. Just go to 365 00:21:32,150 --> 00:21:36,149 S1: find a. Com ask for a referral to an elder 366 00:21:36,150 --> 00:21:39,430 S1: care attorney. Cynthia, thanks for your call. We'll be right back. 367 00:21:45,970 --> 00:21:48,530 S1: Thanks for joining us today on Faith and Finance Live. 368 00:21:48,530 --> 00:21:51,530 S1: I'm Rob West helping you manage God's money God's way. 369 00:21:51,530 --> 00:21:53,770 S1: That's what we do here each day, not because we 370 00:21:53,770 --> 00:21:55,850 S1: have all the answers, but we look to God's Word 371 00:21:55,850 --> 00:21:59,770 S1: to help inform the decisions we make about money, starting 372 00:21:59,770 --> 00:22:03,609 S1: with the understanding that we're stewards. God owns it. Money 373 00:22:03,609 --> 00:22:07,090 S1: is a tool to accomplish God's purposes. Let's head back 374 00:22:07,090 --> 00:22:09,970 S1: to the phones. Clearwater, Florida. Hi, David. Go ahead. 375 00:22:10,010 --> 00:22:13,170 S7: Hey, Rob. Thanks for taking my call. Um, question for you. 376 00:22:13,210 --> 00:22:17,050 S7: We are working with a new to US financial advisor. Um, 377 00:22:17,170 --> 00:22:20,250 S7: and some of the things that he's talking to us 378 00:22:20,250 --> 00:22:24,410 S7: about would be, um, something called an alliance index advantage 379 00:22:24,410 --> 00:22:28,450 S7: plus annuity. Now, this is something we're not familiar with, 380 00:22:28,450 --> 00:22:30,490 S7: but some of the bullet points that he has given 381 00:22:30,490 --> 00:22:34,449 S7: to us is 100% downside protection buffer. There's no fees 382 00:22:34,450 --> 00:22:38,369 S7: to us. Upside growth potential lock in gains three times 383 00:22:38,369 --> 00:22:41,070 S7: a year. And so I just I was calling to 384 00:22:41,070 --> 00:22:43,710 S7: see if you're familiar with this at all and have 385 00:22:43,710 --> 00:22:44,590 S7: any advice for us. 386 00:22:45,070 --> 00:22:48,590 S1: Yeah. Uh, yeah. I mean, what you're talking about there 387 00:22:48,630 --> 00:22:53,550 S1: is really marketing language. 100% downside protection, no fees, no risk. 388 00:22:53,869 --> 00:22:56,310 S1: It's not the full picture. And I'm not saying that 389 00:22:56,310 --> 00:22:59,109 S1: anybody's misleading you. It's just that those are kind of 390 00:22:59,150 --> 00:23:03,990 S1: the headlines. And indexed annuities can be useful in specific situations, 391 00:23:04,190 --> 00:23:06,990 S1: but they're not risk free. Nothing is. And they're not 392 00:23:06,990 --> 00:23:10,149 S1: fee free, at least in the way most people understand. 393 00:23:10,150 --> 00:23:13,150 S1: So the the first issue is, you know, understanding what 394 00:23:13,150 --> 00:23:20,550 S1: this product actually is. So an indexed annuity, including those from, uh, Allianz, um, 395 00:23:20,630 --> 00:23:24,110 S1: would be uh, you know, basically where your money is 396 00:23:24,109 --> 00:23:28,070 S1: not invested directly in the market. Returns are linked to 397 00:23:28,109 --> 00:23:31,750 S1: an index. Often the S&P 500, you get some of 398 00:23:31,750 --> 00:23:35,190 S1: the upside, but with caps and then you're protected in 399 00:23:35,190 --> 00:23:40,290 S1: exchange for giving up the upside. You're protected from the downside, uh, 400 00:23:40,570 --> 00:23:44,530 S1: in terms of losses to principal. So so far, you know, 401 00:23:44,570 --> 00:23:47,929 S1: that part is generally true. Um, but those big three 402 00:23:47,930 --> 00:23:52,450 S1: claims are in the sense that 100% downside protection, uh, 403 00:23:52,450 --> 00:23:56,409 S1: your account value won't go down due to market losses, 404 00:23:56,530 --> 00:23:59,970 S1: but you still have inflation risk, meaning your buying power 405 00:23:59,970 --> 00:24:03,970 S1: can fall. Liquidity risk penalties. If you need the money 406 00:24:04,210 --> 00:24:08,369 S1: and insurer risk, you rely on the company's solvency. Now 407 00:24:08,410 --> 00:24:11,010 S1: Allianz is a pretty highly rated company, so that's a 408 00:24:11,010 --> 00:24:14,330 S1: low risk. But there is a risk there. But protection 409 00:24:14,330 --> 00:24:17,570 S1: from market losses doesn't equal no risk. So I think 410 00:24:17,570 --> 00:24:20,850 S1: that's important to understand. The idea of no fees can 411 00:24:20,850 --> 00:24:24,609 S1: be misleading as well. Um, you know, most indexed annuities 412 00:24:24,850 --> 00:24:28,330 S1: don't have an explicit annual fee like mutual funds, but 413 00:24:28,369 --> 00:24:32,129 S1: the insurance company gets paid by you can be assured 414 00:24:32,130 --> 00:24:35,250 S1: of that. And they get that by way largely of 415 00:24:35,250 --> 00:24:38,070 S1: the caps. So, you know, remember last year when the 416 00:24:38,070 --> 00:24:41,830 S1: market was up 26%? Well, this product might cap out 417 00:24:41,830 --> 00:24:44,389 S1: at nine. Well, guess who keeps the difference? They do. 418 00:24:44,790 --> 00:24:48,750 S1: They also get participation rates and spreads and surrender charges 419 00:24:48,750 --> 00:24:51,669 S1: and commissions paid to the advisor. And those are often 420 00:24:51,670 --> 00:24:54,950 S1: pretty healthy 5 to 8% of what you put in. 421 00:24:54,950 --> 00:24:58,590 S1: So you're paying just indirectly. Um, so maybe a better 422 00:24:58,590 --> 00:25:02,070 S1: phrase would be no visible line item fee, but the 423 00:25:02,070 --> 00:25:05,630 S1: costs are built into the product. Um, and then, you know, 424 00:25:05,670 --> 00:25:08,870 S1: beyond that, we talked about it, you know, this idea 425 00:25:08,869 --> 00:25:11,870 S1: of no risk. And I mentioned, you know, what might 426 00:25:11,869 --> 00:25:14,030 S1: be a better way to say that? So I think 427 00:25:14,030 --> 00:25:18,150 S1: the question is, is this the right product for you? And, 428 00:25:18,190 --> 00:25:19,510 S1: you know, what are your ages? 429 00:25:19,910 --> 00:25:21,190 S7: Uh, 52. My wife. 430 00:25:21,430 --> 00:25:25,270 S1: Okay. Yeah. So you're still fairly young. You're working, um, 431 00:25:25,270 --> 00:25:27,430 S1: you know, you've got a long time horizon. I mean, 432 00:25:27,470 --> 00:25:30,149 S1: we need this money to last 4 or 5 decades 433 00:25:30,150 --> 00:25:34,070 S1: from now, ideally. And so, you know, I would say 434 00:25:34,310 --> 00:25:37,040 S1: I mean, when you look at the average annual return 435 00:25:37,040 --> 00:25:39,760 S1: of the stock market. You know, you'll see published numbers 436 00:25:39,760 --> 00:25:44,080 S1: that the S&P 500 has done 9% plus annualized for 437 00:25:44,080 --> 00:25:49,760 S1: the last 75 years, including 1929, and including, uh, you know, 438 00:25:49,800 --> 00:25:55,879 S1: the Great Depression, including stock market bubble bursting on the.com and, 439 00:25:55,920 --> 00:25:58,000 S1: you know, the Great Recession. I mean, you put all 440 00:25:58,000 --> 00:26:01,480 S1: those together in 1987, Black Monday. The reason the market 441 00:26:01,480 --> 00:26:03,880 S1: has done so well, despite all of those things is 442 00:26:03,880 --> 00:26:08,840 S1: because even with those drops, you know, those dramatic up 443 00:26:08,880 --> 00:26:13,080 S1: years are what give you those really healthy annualized returns. 444 00:26:13,359 --> 00:26:15,840 S1: But you don't get those in a product like this 445 00:26:15,840 --> 00:26:19,080 S1: because you're capped out. And so by way of you 446 00:26:19,080 --> 00:26:21,600 S1: missing out on those big up years, even though you're 447 00:26:21,600 --> 00:26:24,760 S1: having to accept the down years with it, um, you know, 448 00:26:24,800 --> 00:26:26,680 S1: I think you're just leaving a lot on the table. 449 00:26:26,680 --> 00:26:30,439 S1: So I think for me, I'd rather you manage risk through, 450 00:26:30,800 --> 00:26:34,440 S1: you know, your investment selections and a diversified portfolio and 451 00:26:34,440 --> 00:26:37,740 S1: get 100% of the upside. Not to mention not tying 452 00:26:37,780 --> 00:26:42,700 S1: up your money. And, you know, dealing with the inflation risk. Um, 453 00:26:43,300 --> 00:26:45,980 S1: rather than doing that in an insurance product, do that 454 00:26:45,980 --> 00:26:49,180 S1: directly into the market. Now some people say, listen, I 455 00:26:49,180 --> 00:26:51,859 S1: just I don't have peace of mind. I don't like 456 00:26:51,859 --> 00:26:55,139 S1: the market. I'd rather transfer that to an insurance company. 457 00:26:55,180 --> 00:26:58,340 S1: Even with the things that I said. And in those cases, 458 00:26:58,380 --> 00:27:01,860 S1: you know, this type of product can work. And Allianz 459 00:27:01,900 --> 00:27:04,859 S1: is a good company, but it's not my go to 460 00:27:04,900 --> 00:27:08,219 S1: for most people. And, you know, I'm not hearing anything 461 00:27:08,220 --> 00:27:11,180 S1: from you. Uh, you know, that's really compelling as to 462 00:27:11,220 --> 00:27:14,379 S1: why this would be better than you just investing outright. 463 00:27:14,380 --> 00:27:16,020 S1: But give me your thoughts on all that. 464 00:27:16,060 --> 00:27:18,660 S7: Yeah. No, it definitely makes sense kind of with where 465 00:27:18,660 --> 00:27:21,500 S7: we're at and that that cap on us, um, that, 466 00:27:21,540 --> 00:27:24,300 S7: you know, like you're saying with the market being up, um, 467 00:27:24,340 --> 00:27:27,419 S7: that percentage over time. Um, we don't need the money now. 468 00:27:27,420 --> 00:27:30,660 S7: And so it's probably not something after listening to you 469 00:27:30,660 --> 00:27:33,580 S7: and explain this to us, not something that we will 470 00:27:33,580 --> 00:27:36,560 S7: go forward with. just kind of hearing what you're saying. 471 00:27:36,560 --> 00:27:38,919 S7: And it all makes sense though you explaining that a 472 00:27:38,920 --> 00:27:39,920 S7: little bit. So yeah. 473 00:27:39,960 --> 00:27:43,080 S1: Yeah. That's great. Um, does this advisor, you know, is 474 00:27:43,080 --> 00:27:47,160 S1: is he or she, you know, an insurance product provider 475 00:27:47,160 --> 00:27:50,160 S1: only or is this just kind of one tool? But 476 00:27:50,160 --> 00:27:53,000 S1: they also manage money in the stock market. I mean, 477 00:27:53,040 --> 00:27:54,400 S1: what are their capabilities? 478 00:27:54,880 --> 00:27:57,600 S7: Yeah. The second one you mentioned, they're just okay overall. 479 00:27:57,640 --> 00:27:58,280 S7: Yeah yeah. 480 00:27:58,320 --> 00:28:00,400 S1: Yeah. So it could be that this is a great 481 00:28:00,400 --> 00:28:02,800 S1: advisor to stay with. If you've got a good relationship 482 00:28:02,800 --> 00:28:04,480 S1: you feel good about I know it's newer. And so 483 00:28:04,480 --> 00:28:06,560 S1: you're going to have to see that prove out over 484 00:28:06,560 --> 00:28:09,000 S1: time that there's a good match there. But I'm not 485 00:28:09,000 --> 00:28:11,600 S1: saying this advisor has done anything wrong. I just think, 486 00:28:11,640 --> 00:28:13,800 S1: you know, locking up a lot of your money at 487 00:28:13,800 --> 00:28:17,000 S1: your age and where you're at in an insurance product 488 00:28:17,080 --> 00:28:19,679 S1: would generally not be my first choice. But, David, I 489 00:28:19,680 --> 00:28:21,959 S1: appreciate your call today, my friend. Call anytime if we 490 00:28:21,960 --> 00:28:25,240 S1: can help with anything. God bless you. Let's go to Illinois. Alberta. 491 00:28:25,280 --> 00:28:25,720 S1: Go ahead. 492 00:28:26,080 --> 00:28:30,600 S8: I have just coming inherited some money, and I don't, 493 00:28:30,640 --> 00:28:32,360 S8: you know, I want to know how to invest it. 494 00:28:32,400 --> 00:28:34,660 S1: Okay. Do you mind me asking your age? 495 00:28:34,700 --> 00:28:35,780 S8: 75. 496 00:28:36,100 --> 00:28:38,940 S1: Okay. And so, uh, you're retired. Correct? 497 00:28:38,980 --> 00:28:39,900 S8: Yes. That's correct. 498 00:28:39,940 --> 00:28:42,340 S1: Okay. All right. Any, uh, debt? 499 00:28:42,660 --> 00:28:43,300 S8: No. 500 00:28:43,660 --> 00:28:47,780 S1: Okay. And do you have any other liquid assets? Like 501 00:28:47,820 --> 00:28:51,380 S1: an emergency savings account before you get the 100,000? 502 00:28:51,580 --> 00:28:52,100 S8: No. 503 00:28:52,140 --> 00:28:55,540 S1: Okay. So you're kind of living paycheck to paycheck only 504 00:28:55,540 --> 00:28:58,580 S1: on Social Security. Or do you have other income sources? 505 00:28:59,340 --> 00:29:00,060 S8: Pension. 506 00:29:00,540 --> 00:29:03,300 S1: Pension. Okay. And social Security as well. 507 00:29:03,340 --> 00:29:03,980 S8: Yes. 508 00:29:04,260 --> 00:29:07,060 S1: Okay. And then do you typically have anything left over 509 00:29:07,060 --> 00:29:09,660 S1: at the end of the month after your, your lifestyle 510 00:29:09,660 --> 00:29:10,940 S1: spending on expenses? 511 00:29:11,620 --> 00:29:13,900 S8: Yes, I do have some left over. 512 00:29:14,300 --> 00:29:16,660 S1: Okay. What do you typically have in a normal month. 513 00:29:17,540 --> 00:29:19,980 S8: Oh, about $500. 514 00:29:20,340 --> 00:29:23,780 S1: I see okay. Um, but that really hasn't you haven't 515 00:29:23,780 --> 00:29:27,060 S1: been able to build up anything over time. Whatever you've 516 00:29:27,060 --> 00:29:30,260 S1: been able to save through that excess, you've had to 517 00:29:30,260 --> 00:29:32,760 S1: spend for other things, it sounds like. Is that right? 518 00:29:32,960 --> 00:29:34,320 S8: Okay. Right. That's right. 519 00:29:34,600 --> 00:29:36,520 S1: And what do you typically spend in a in a 520 00:29:36,520 --> 00:29:37,200 S1: month's time? 521 00:29:38,280 --> 00:29:42,479 S8: Oh I don't have a lot of bills. So, um, um, 522 00:29:42,680 --> 00:29:45,760 S8: about $1,500. 523 00:29:46,040 --> 00:29:48,880 S1: Okay. Yeah. So if you were to put six months 524 00:29:48,880 --> 00:29:52,479 S1: of expenses aside, you know, that'd be 9000. If you 525 00:29:52,480 --> 00:29:56,080 S1: wanted to put a full year, that'd be 18,000. So 526 00:29:56,080 --> 00:29:59,200 S1: I think, uh, you know, I would definitely carve out 527 00:29:59,240 --> 00:30:02,440 S1: at least 6 to 12 months worth of expenses and 528 00:30:02,440 --> 00:30:04,520 S1: put it in a high yield savings account. You could 529 00:30:04,560 --> 00:30:07,560 S1: maybe even put half in a savings account, half in 530 00:30:07,600 --> 00:30:10,280 S1: a couple of CDs. Um, but I think that would 531 00:30:10,280 --> 00:30:12,200 S1: be great. Then the question is, what do I do 532 00:30:12,200 --> 00:30:15,959 S1: with the rest? Somewhere between, you know, 80 and 90,000. 533 00:30:16,120 --> 00:30:18,800 S1: And let's talk about that a bit more, because I'd 534 00:30:18,800 --> 00:30:21,640 S1: love to talk through some options with you on where 535 00:30:21,640 --> 00:30:24,160 S1: you go with the rest. So stay right there. We'll 536 00:30:24,200 --> 00:30:26,600 S1: pick this up right on the other side of the break. Alberta, 537 00:30:26,760 --> 00:30:36,380 S1: we'll be right back. Stay with us. Great to have 538 00:30:36,380 --> 00:30:38,580 S1: you with us today on Faith and finance live. I'm 539 00:30:38,580 --> 00:30:40,900 S1: Rob West. Before the break we were talking to Alberta 540 00:30:40,900 --> 00:30:44,620 S1: and Illinois and she's retired 75, debt free, and she's 541 00:30:44,620 --> 00:30:48,100 S1: received 100,000 from an insurance payout. As I mentioned, without 542 00:30:48,100 --> 00:30:50,700 S1: any savings, I think we ought to set aside somewhere 543 00:30:50,700 --> 00:30:53,860 S1: between 10 and 20,000 in a in a high yield 544 00:30:53,860 --> 00:30:55,820 S1: savings account. The question is what to do with the 545 00:30:55,820 --> 00:30:59,260 S1: rest 90 to 100,000, if you wanted to keep that 546 00:30:59,260 --> 00:31:02,260 S1: in the most conservative end of the spectrum, Alberta, you 547 00:31:02,260 --> 00:31:05,780 S1: could just yourself, you know, put it in a mix 548 00:31:05,780 --> 00:31:10,660 S1: of maybe CDs and, you know, perhaps some treasuries or 549 00:31:10,860 --> 00:31:15,300 S1: a short or medium term bond, mutual fund or ETF, um, 550 00:31:15,620 --> 00:31:18,500 S1: and just keep it a very safe, earn some money 551 00:31:18,500 --> 00:31:21,300 S1: on it and, you know, do it yourself. The other 552 00:31:21,300 --> 00:31:23,620 S1: option is you could reach out to a certified Kingdom 553 00:31:23,620 --> 00:31:27,820 S1: advisor there in Illinois and have someone manage this for you, 554 00:31:27,860 --> 00:31:31,080 S1: the portion that you want to put to work, you know, 555 00:31:31,120 --> 00:31:33,890 S1: at 75. I mean, I could see you putting 25 556 00:31:33,890 --> 00:31:37,680 S1: or 30% or an advisor putting 25 to 30% in 557 00:31:37,680 --> 00:31:41,440 S1: stocks just to give you some growth. And then the 558 00:31:41,480 --> 00:31:47,360 S1: bulk of it, you know, 70 to 80%, um, you know, in, 559 00:31:47,400 --> 00:31:51,760 S1: in fixed income type investments, high quality bonds, treasuries, CDs, 560 00:31:51,800 --> 00:31:54,600 S1: money market, things like that. But give me your thoughts 561 00:31:54,600 --> 00:31:55,360 S1: on all that. 562 00:31:55,480 --> 00:31:59,560 S8: Well, now tell me about this CD. I would like something, 563 00:31:59,560 --> 00:32:01,520 S8: so maybe I can take some money out of it, 564 00:32:01,560 --> 00:32:03,160 S8: you know, for whatever I need. 565 00:32:03,640 --> 00:32:06,840 S1: Yeah. And, you know, the only downside with the CD 566 00:32:06,840 --> 00:32:09,920 S1: is you would. You would lock up your money for 567 00:32:09,920 --> 00:32:11,840 S1: a period of time. So a lot of times what 568 00:32:11,840 --> 00:32:14,680 S1: people will do is do maybe like a CD ladder 569 00:32:15,040 --> 00:32:18,160 S1: where they might do, uh, you know, a third of 570 00:32:18,200 --> 00:32:20,640 S1: their money in a, in a one year, a third 571 00:32:20,640 --> 00:32:22,800 S1: and a two year and a third in a three year. 572 00:32:22,960 --> 00:32:25,360 S1: And then every 12 months, you kind of roll it over. 573 00:32:25,360 --> 00:32:28,000 S1: And that way you're only a year away from having 574 00:32:28,000 --> 00:32:31,490 S1: money coming due. Um, but the bulk of what you 575 00:32:31,490 --> 00:32:33,489 S1: might need in the next year, you'd keep it in 576 00:32:33,490 --> 00:32:37,330 S1: a high yield savings account. So it's always ready and available. 577 00:32:37,730 --> 00:32:40,610 S1: If you didn't want any lockups on any of it, 578 00:32:40,610 --> 00:32:43,010 S1: then you could not use the CD and just keep 579 00:32:43,010 --> 00:32:46,410 S1: everything in high yield savings or money market, things like 580 00:32:46,410 --> 00:32:49,489 S1: that that are liquid, safe, but also give you a 581 00:32:49,490 --> 00:32:51,930 S1: little bit of yield on the on the money, a 582 00:32:51,930 --> 00:32:53,010 S1: little bit of interest. 583 00:32:53,050 --> 00:32:55,250 S8: I kind of like this high yield then. 584 00:32:55,290 --> 00:32:58,250 S1: Okay. Yeah, yeah. Very good. Well, um, you've got a 585 00:32:58,250 --> 00:33:00,530 S1: couple of options there. One option would be our friends 586 00:33:00,530 --> 00:33:03,850 S1: at Christian Community Credit Union. They're the biggest credit union 587 00:33:03,850 --> 00:33:07,570 S1: in the country for believers. Um, and and I could 588 00:33:07,570 --> 00:33:09,730 S1: give you the website to get there if you're comfortable 589 00:33:09,730 --> 00:33:12,450 S1: on the internet. Um, otherwise, we could give you a 590 00:33:12,450 --> 00:33:15,570 S1: phone number, but basically, you could get, you know, somewhere 591 00:33:15,570 --> 00:33:19,570 S1: between 4 and 5% on your money, um, and their 592 00:33:19,570 --> 00:33:22,489 S1: high yield product. And you could link that up to 593 00:33:22,530 --> 00:33:26,210 S1: your current checking account wherever you you bank for your checking, 594 00:33:26,370 --> 00:33:28,330 S1: you know, that would be one option. You could find 595 00:33:28,330 --> 00:33:31,710 S1: a local solution, maybe walk into a credit union down there. 596 00:33:31,750 --> 00:33:34,230 S1: You know where you live in Illinois. The goal would 597 00:33:34,230 --> 00:33:36,430 S1: be to get, you know, somebody who's going to offer 598 00:33:36,430 --> 00:33:38,870 S1: you a better rate of return because the the big 599 00:33:38,870 --> 00:33:42,070 S1: brick and mortar banks with the big brand brand names, 600 00:33:42,070 --> 00:33:46,310 S1: they might be paying, you know, 0.1% on their savings, 601 00:33:46,310 --> 00:33:49,910 S1: whereas you could get 4% at an online bank or 602 00:33:49,910 --> 00:33:53,270 S1: credit union or Christian community credit union. So there's quite 603 00:33:53,270 --> 00:33:56,590 S1: a big difference there. But it would require in most 604 00:33:56,590 --> 00:33:59,550 S1: cases that you open a new account because the bank 605 00:33:59,590 --> 00:34:01,870 S1: you're with, if you're with a local brick and mortar bank, 606 00:34:01,910 --> 00:34:05,910 S1: probably doesn't have a yield, that would be very attractive. 607 00:34:06,070 --> 00:34:07,990 S8: You say you have a phone number that you can 608 00:34:07,990 --> 00:34:08,710 S8: give to me. 609 00:34:09,150 --> 00:34:11,190 S1: Yes. Let's do this. I'm going to have you hold 610 00:34:11,190 --> 00:34:13,629 S1: the line and, uh, and my team will get that 611 00:34:13,630 --> 00:34:16,310 S1: to you. Um, for everybody else, if you'd like to 612 00:34:16,350 --> 00:34:23,030 S1: go online, you can go to faith. That's faith. But 613 00:34:23,070 --> 00:34:25,870 S1: if you hold the line, uh, my team will pull 614 00:34:25,870 --> 00:34:28,370 S1: up the Christian community website and give you the phone 615 00:34:28,370 --> 00:34:29,810 S1: number and you can give them a call. 616 00:34:29,850 --> 00:34:32,770 S8: Wonderful. Very good, I appreciate that. 617 00:34:33,010 --> 00:34:35,370 S1: Happy to do it. You stay right there. May the 618 00:34:35,370 --> 00:34:38,050 S1: Lord bless you. Thanks for calling today. Uh, let's go 619 00:34:38,090 --> 00:34:40,250 S1: to Florida. Hope I understand you're driving. How can I 620 00:34:40,290 --> 00:34:40,770 S1: help you? 621 00:34:41,690 --> 00:34:45,209 S9: Hi. Thank you for having me. Um, so I've been 622 00:34:45,210 --> 00:34:48,049 S9: listening to you helping a lot of people, and I 623 00:34:48,050 --> 00:34:50,689 S9: enjoy your show very much. Thank you so much. I 624 00:34:50,730 --> 00:34:53,330 S9: am in a lot of visits. Yes, I'm in a 625 00:34:53,330 --> 00:34:57,090 S9: lot of debt. And I actually learnt about this management 626 00:34:57,090 --> 00:34:59,850 S9: on your radio, so I got in touch with Trinity. 627 00:34:59,969 --> 00:35:02,930 S9: They can help me with my credit card, but they 628 00:35:02,930 --> 00:35:05,930 S9: can't help me with the high interest loans that I have. 629 00:35:06,330 --> 00:35:09,169 S9: So I wanted to find out from you what, how 630 00:35:09,210 --> 00:35:12,410 S9: how best can I get rid of them? Because every 631 00:35:12,410 --> 00:35:17,730 S9: paycheck is taking at least 1200, 1500 every two weeks. 632 00:35:17,730 --> 00:35:21,610 S9: And that's killing me. So yeah, how can I? Yeah. 633 00:35:22,250 --> 00:35:25,490 S1: So you have about $10,000. Uh, hope. Is this credit 634 00:35:25,489 --> 00:35:26,050 S1: card debt? 635 00:35:26,090 --> 00:35:27,670 S10: Yeah. Yeah. Okay. 636 00:35:27,710 --> 00:35:30,030 S9: No, this is high interest loans. Yeah. 637 00:35:30,670 --> 00:35:32,950 S1: Okay. So tell me more about that. Is it just 638 00:35:32,950 --> 00:35:33,990 S1: a personal loan? 639 00:35:35,510 --> 00:35:36,070 S10: Yeah. 640 00:35:36,110 --> 00:35:38,230 S9: You know, like, they can give you a line of credit, 641 00:35:38,230 --> 00:35:41,710 S9: or they can give you, uh, an instant loan. So 642 00:35:41,710 --> 00:35:43,790 S9: when I was trying to pay that one off with 643 00:35:43,790 --> 00:35:46,350 S9: that one, I was digging a deeper hole. And by 644 00:35:46,350 --> 00:35:49,910 S9: the time I realized that I'm in so much trouble 645 00:35:50,230 --> 00:35:54,029 S9: that it's suffocating me. And I keep hearing you talking 646 00:35:54,030 --> 00:35:57,110 S9: about this astronomical interest, and I'm like, this is exactly 647 00:35:57,110 --> 00:35:58,230 S9: the situation that I'm in. 648 00:35:58,550 --> 00:36:02,790 S1: Yeah, yeah, yeah. Um, so who is the lender on that? 649 00:36:02,790 --> 00:36:04,910 S1: Is it like a finance company or something? 650 00:36:06,469 --> 00:36:07,509 S10: Yeah, there are. 651 00:36:07,950 --> 00:36:11,270 S9: A lot of financial companies, like. Can I name them? 652 00:36:11,670 --> 00:36:14,870 S1: Well that's okay. It doesn't. It doesn't matter. Let's do this. Um, 653 00:36:14,870 --> 00:36:16,950 S1: you know, the folks at Trinity I know have a 654 00:36:16,950 --> 00:36:20,350 S1: great relationship with Moody Radio, and they've been long time partners, 655 00:36:20,350 --> 00:36:23,109 S1: and we think they're great. Um, here at Faith five, 656 00:36:23,110 --> 00:36:26,930 S1: we've worked for a long time with Christian, uh, credit counselors. 657 00:36:26,930 --> 00:36:28,690 S1: I'd love to see if they might be able to 658 00:36:28,690 --> 00:36:32,330 S1: help you. Uh, they may not like Trinity. Uh, and 659 00:36:32,330 --> 00:36:34,410 S1: at that point, you'd have to look at, you know, 660 00:36:34,410 --> 00:36:38,170 S1: if you've got a good income, uh, that's that's consistent. 661 00:36:38,410 --> 00:36:41,130 S1: And you've got a good credit score, you may be 662 00:36:41,170 --> 00:36:42,850 S1: able to go to a local bank and see if 663 00:36:42,850 --> 00:36:45,049 S1: you could kind of take out a new loan to 664 00:36:45,090 --> 00:36:48,529 S1: replace this and get the interest rate down. You may 665 00:36:48,530 --> 00:36:50,170 S1: or may not be able to do that, but the 666 00:36:50,170 --> 00:36:52,450 S1: key is going to be whether you do that or 667 00:36:52,450 --> 00:36:54,890 S1: you just stay where you are, you know, the key 668 00:36:54,890 --> 00:36:57,649 S1: is going to be really, uh, cutting back as many 669 00:36:57,650 --> 00:37:00,210 S1: expenses as you can to free up margin every month 670 00:37:00,210 --> 00:37:03,450 S1: and just try to attack that, that principal and just 671 00:37:03,450 --> 00:37:05,770 S1: get that paid down as quick as you can and then, 672 00:37:05,969 --> 00:37:07,970 S1: you know, get into a situation where you you don't 673 00:37:07,969 --> 00:37:11,370 S1: borrow again in the future. Um, but I think it'd 674 00:37:11,410 --> 00:37:15,650 S1: be worth reaching out to Christian credit counselors, hope, and 675 00:37:15,650 --> 00:37:16,770 S1: see if they can help you. 676 00:37:17,969 --> 00:37:18,529 S10: Okay. 677 00:37:19,090 --> 00:37:21,089 S9: All right. Thank you. I've tried reaching out to some 678 00:37:21,090 --> 00:37:24,290 S9: of these creditors. They don't budge on their own like 679 00:37:24,690 --> 00:37:29,390 S9: they know they will not do anything. So I would 680 00:37:29,390 --> 00:37:32,790 S9: appreciate if you can point me the right direction because 681 00:37:33,190 --> 00:37:36,030 S9: it's affecting my marriage, affecting everything now. 682 00:37:36,030 --> 00:37:36,989 S3: So yeah. 683 00:37:37,030 --> 00:37:40,069 S1: I'm so sorry. I know how challenging that is. Uh, well, 684 00:37:40,070 --> 00:37:43,390 S1: let's start there. Go to Christian credit counselors.org, tell them 685 00:37:43,390 --> 00:37:45,710 S1: we sent you. They'll take good care of you. And, uh, 686 00:37:45,710 --> 00:37:47,790 S1: let's see if they can help you. And if they can't, 687 00:37:47,790 --> 00:37:50,509 S1: call me back and we'll talk about the next step. 688 00:37:50,510 --> 00:37:52,670 S1: Thank you for calling. Lord bless you. Uh, let's see, 689 00:37:52,670 --> 00:37:54,990 S1: we're going to head to Illinois. Rebecca, how can I help? 690 00:37:55,150 --> 00:37:58,870 S11: Hi. Yes, um, I am in a situation where, um, 691 00:37:58,870 --> 00:38:01,830 S11: my husband, who takes care of all of the finances, 692 00:38:02,270 --> 00:38:07,549 S11: had a very bad fall and was injured. Let's see, 693 00:38:07,590 --> 00:38:12,590 S11: in 2025. And that and my mom being widowed not 694 00:38:12,590 --> 00:38:18,069 S11: too long ago, uh, made me realize, um, I would 695 00:38:18,070 --> 00:38:20,630 S11: have a lot to do to get up to speed 696 00:38:20,790 --> 00:38:24,529 S11: on on our family finances, and I, I was kind 697 00:38:24,570 --> 00:38:26,569 S11: of in my mind trying to figure out, okay, where 698 00:38:26,570 --> 00:38:29,610 S11: do where do I even start? Because, you know, a 699 00:38:29,650 --> 00:38:31,810 S11: lot of stuff is just online now. It's not like 700 00:38:31,810 --> 00:38:34,850 S11: you get bills that you can, you know, bank on 701 00:38:35,210 --> 00:38:41,170 S11: knowing what's coming in. Um, where do you go about starting? 702 00:38:41,210 --> 00:38:45,890 S11: Do you start with the current, you know, the current 703 00:38:45,890 --> 00:38:49,730 S11: budget and bills and investments, retirement, all of that is 704 00:38:49,730 --> 00:38:51,850 S11: online and passworded and. 705 00:38:52,050 --> 00:38:52,570 S1: Yes. 706 00:38:52,610 --> 00:38:55,730 S11: What kind of advice could you give in that situation? 707 00:38:56,210 --> 00:38:58,729 S1: Yeah. Very good. Yeah. You know, I think we need 708 00:38:58,730 --> 00:39:01,370 S1: to to find a way to pull all of that together. 709 00:39:01,370 --> 00:39:04,649 S1: So if I understand correctly, you're just wanting to make 710 00:39:04,690 --> 00:39:07,450 S1: sure that, uh, you know, you are all on the 711 00:39:07,450 --> 00:39:11,330 S1: same page so that regardless, uh, you know, of who 712 00:39:11,330 --> 00:39:13,730 S1: passed away first, whether it was you or your husband, 713 00:39:13,969 --> 00:39:18,010 S1: the other person knows where to go for all the access, 714 00:39:18,050 --> 00:39:20,890 S1: you know, the various accounts, professionals, those types of things. 715 00:39:20,930 --> 00:39:21,650 S1: Is that right? 716 00:39:22,090 --> 00:39:25,500 S11: Yes. Because we still have children at home. Yeah. 717 00:39:25,820 --> 00:39:29,700 S1: Yeah. Very good. Yeah. There's a resource that I can 718 00:39:29,700 --> 00:39:34,020 S1: send to you. Um, it's called setting your financial house 719 00:39:34,020 --> 00:39:38,420 S1: in order. And it's from our friends at compass finances. 720 00:39:38,420 --> 00:39:42,140 S1: God's way. And I think this could be helpful to 721 00:39:42,140 --> 00:39:45,620 S1: you just in terms of giving you a roadmap, um, 722 00:39:45,860 --> 00:39:48,700 S1: you know, to, to pull all of this together. Um, 723 00:39:49,020 --> 00:39:50,940 S1: so if you stay on the line, our team will 724 00:39:50,940 --> 00:39:55,020 S1: send that to you. It's called setting your house in order. And, um, 725 00:39:55,020 --> 00:39:57,299 S1: you know, I think that, uh, might give you at 726 00:39:57,340 --> 00:40:01,140 S1: least a framework to begin thinking about, um, you know, 727 00:40:01,180 --> 00:40:04,340 S1: all the pieces and parts and kind of getting everything 728 00:40:04,340 --> 00:40:09,379 S1: in one place, whether that's your investments, your advisors, healthcare decisions, 729 00:40:09,420 --> 00:40:12,140 S1: kind of all of those things that are needed at 730 00:40:12,180 --> 00:40:14,020 S1: that point. Does that sound like it would be helpful? 731 00:40:14,940 --> 00:40:17,779 S11: Yes. That would give me somewhere to start. 732 00:40:18,380 --> 00:40:18,900 S3: Okay. 733 00:40:18,980 --> 00:40:20,779 S11: I think that's the hard part is trying to figure 734 00:40:20,780 --> 00:40:22,600 S11: out where do I even start? So. 735 00:40:23,280 --> 00:40:26,759 S1: Yes. Uh, happy to do it. I think this, uh, 736 00:40:26,760 --> 00:40:29,359 S1: this could be exactly what you're looking for. So you 737 00:40:29,360 --> 00:40:31,279 S1: stay on the line, Rebecca, and we'll get that out 738 00:40:31,280 --> 00:40:31,920 S1: to you, okay? 739 00:40:31,960 --> 00:40:32,960 S11: Thank you so much. 740 00:40:33,239 --> 00:40:36,520 S1: All right. Take care. Thanks for being on the program today. Well, folks, 741 00:40:36,520 --> 00:40:40,600 S1: before we head out today, let me just mention this quarter, 742 00:40:40,600 --> 00:40:43,880 S1: we have an incredible partnership with our friends at Cross 743 00:40:43,880 --> 00:40:48,520 S1: International going on, where they're meeting critical needs around the 744 00:40:48,520 --> 00:40:52,359 S1: world of impoverished children and families and communities. And they 745 00:40:52,360 --> 00:40:57,600 S1: partner alongside local ministries. Um, and the focus of our 746 00:40:57,600 --> 00:41:02,279 S1: campaign is to transform the lives of 250 kids. How 747 00:41:02,280 --> 00:41:04,400 S1: do we do that? Well, a one time gift of 748 00:41:04,440 --> 00:41:10,680 S1: $62 helps a child with life saving resources. We're talking food, water, education, 749 00:41:10,680 --> 00:41:13,880 S1: and the gospel of Jesus Christ. And these kids are 750 00:41:13,880 --> 00:41:18,919 S1: in Malawi, Uganda and Zambia, where Cross International is on 751 00:41:18,920 --> 00:41:22,339 S1: the ground. Now, this is not a sponsorship Ongoing. That 752 00:41:22,340 --> 00:41:27,180 S1: $62 is what funds one child for a full year, 753 00:41:27,340 --> 00:41:32,420 S1: providing these essential resources and the gospel of Jesus Christ 754 00:41:32,420 --> 00:41:36,180 S1: so every gift matters. Again, our goal this quarter, as 755 00:41:36,180 --> 00:41:40,380 S1: we partner with Cross International, is to fund and transform 756 00:41:40,380 --> 00:41:44,739 S1: the lives of 250 kids. Every $62 given is going 757 00:41:44,780 --> 00:41:47,660 S1: to help cover one of those kids for a year, 758 00:41:47,780 --> 00:41:49,540 S1: and so we'd love for you to learn more by 759 00:41:49,540 --> 00:41:57,460 S1: heading to Faith. That's faith. And here's why we do this. 760 00:41:57,500 --> 00:42:00,219 S1: You know, one of the byproducts of living in managing 761 00:42:00,219 --> 00:42:03,420 S1: money God's way is that we free up resources to 762 00:42:03,460 --> 00:42:05,700 S1: be more generous. And so we want to connect you 763 00:42:05,700 --> 00:42:09,379 S1: to incredible ministries doing amazing work in the name of Jesus. 764 00:42:09,420 --> 00:42:13,900 S1: Again that website. Com. Big thanks to Josh Taylor, to 765 00:42:13,940 --> 00:42:16,700 S1: her and Omar. Faith and finance lives a partnership between 766 00:42:16,700 --> 00:42:19,140 S1: Moody Radio and Faith fi. We'll see you tomorrow.