Values Investing

Testing for contributor to your 401(k) or IRA watching their investments row down inside maybe US yourself for those earning coming value should guide our invest involves more than just avoiding a company, West Jason Meyer died about actively putting your money where your calls at 805 five 7805 five 7000 more values investing. That's not Jason Meyer was founder and managing partner of Eventide and underwriter of money wise and he joins us today to speak about how we can feel good about the investments we make.

Like Stephen, you're exactly right. I love this topic as stewards as managers of God's resources.

I think we need to be thinking deeply about every use of God's money, including the investments the decisions we're making to put God's money to work, which is very biblical but is that investing aligned with your values that's working to be talking about today and Jason welcome back to moneywise. Absolutely Jason faith-based or what might be called values based investing is one of the big trends these days.

I want to start with the definition perhaps what is it and what makes values based investing different from traditional investing so I you and profitable company is really the full criteria for the company conducting on profitable and are they likely to grow in the future value-based conducting course the goal is to make a return as well.

Deeper questions about the sources of the prophets and the kinds of companies that wanted zoning and to really bring your faith and your values into making process and say likely to help me reach my condensable and represent a good reflection of my my beliefs my values and my commitment and that such a key point there, obviously we want to put the money to work and we want to get a good return on God's monies. But this idea that somehow my investments can actually make a positive contribution to the world perhaps is something foreign to me was that actually even possible. Yeah, you know, we can think about the impact on the world changing the world and some beneficial way, but I think there's also a way to think about impact if it's a little closer to home. At the heart level are the investment making an impact on my integrity, holiday company that I fundamentally feel good about owning my company is companies that were proud, not just a couple companies that admirable company that such a key point in actually the work that's being done, whether it's making a difference in people's lives spiritually work being done in the name of Jesus, or whether it's causing human flourishing in the area of medical science or economic advancement in some part of the world. There is actually a way to invest in companies with the proper lands that actually make a positive contribution. One of these two areas is not right you know that we believe that really got to work intended to really meet the needs of the world and tidy up a whole promote human flourishing.

We can find any benefit that we feel like are well aligned with God designed for working ideas to really try to seek out companies like exactly just we just got about a minute left before her first break but still in the past we've had to think about investments like this in terms of sacrificing return. I might want to have an impact in the world, but that means I need to settle for a lesser return as this space has matured, that's no longer the case is a lot more maturity. I think common to think that we have to sacrifice between our values and return for thinking a closer look at better operating with integrity that excel in creating value customers from employee migrating product that are serving in the kind of thing that I think I don't think that's you know the seven things not to do with your money and certain times and would you like to know the 10 ways to trim your budget amid the current pandemic you get those answers and much more. When you subscribe to the moneywise magazine will receive valuable expert articles to follow advice leaving get access to exclusive podcast episodes and subscription is free, get access to the moneywise magazine moneywise live.work/if you need investing.

You probably want help that's grounded in God's were taken by sound mind investing since 1990 minus help tens of thousands of Christian supplier wisdom and confidence in their investing experience how much you have to invent. You can learn to carry out investing more information about SMI financial wisdom for living well is available online. Sound mind investing.please only look at our dignified Central High School and Jefferson high school, I studied central opening argument on religious expression at school. The founding fathers of our country would roll over in their graves if they knew prayer, Bible clubs were meeting at school is no place for were here to educate not indoctrinate and Jefferson your opening statement. Please religion is like ice cream is a lots of choices, and we should sample as many choices as we can say one religion is better than another religious expression.

School should be encouraged, getting tired of all the talking. How can you debate the important issues without any morals or you have to have truth. Otherwise, the answers to critical issues. Jesus said the truth will set you free in the Lord Jesus is.

And if that is robbing you of freedom and peace of mind. Christian credit counselors can help where a nationwide nonprofit counseling organization has helped over 3000 individuals in the last 27 years get out of credit card debt percent faster well during that phone to learn how Christian credit counselors can help you visit Christian credit counselors.org Christian credit counselors not call 800-557-1985. Where are you putting your working for them. Jason Meyer with us today from Eventide. You'll find them online and asked eventide.com Jason we were talking about the exciting growing space of values based or faith-based investing.

You talked about how we can take God's money invested for a return but do it in a way that's consistent with our values and perhaps even advances the gospel promotes human flourishing. There's probably a good reason that this space is growing. Give us a sense of the size of this trend toward values based investing in growing bronco earlier here.

One of the companies covered. MorningStar article looking at the investment flow moving into value space vehicle and their term for paintable and document info on flow 19. Smash previous record title or article and the leading edge of the huge wave and they reported that the 19 were north 20 billion."

And that was more than four times the prior record year which happened in 2000 18 billion. We've been really big upswing in the number of dollars that are moving toward is really exciting to see that happening. And as you said the secular investing universe and financial media is technology this trend that's taking place now. We might think that this would be something that folks in good markets would do you have perhaps a little bit extra on your investment accounts to think about how you might put them to work in a way that aligns with your values. But when push comes to shove, you're in a bear market. Perhaps a season like were in right now with unprecedented volatility and even markets that are pulling back that might be out of the without the window we might go back to traditional investing and yet that's not what you're seeing is something that you consider only one God and the fair market and I know were still waiting for the data on the broader funds that are managed according to value space mandate you want, which is our own company.

We've actually seen investment inflow every month here, including through March market had and we actually laugh. We achieved an all-time high in terms of the amount of money that were managing others so I will see that this is not something that is only in a good time people are wanting to consider their values. The long-term strategy. Perhaps as we reevaluate things throughout the whole of our lives.

Perhaps this is an area where people are going to stink even deeper about their investments. Moving forward, the quality of the companies and the actual activities that are taking place. Do you think this might even cause people to lean into this in a greater way, I think so, what were the way in which ordinary back the economy and the market and so people are making the connection between all the things that I own mind up an account in the real business around weeping people on very positively in the economic downturn by trying to support local business or restaurant things and seek out the people really feel are creating value.

I think the same basic idea with the kinds of companies that we want to look under the hood of Jason. I look for you to talk practically for a moment about how values based investing is done.

Obviously you have an incredible team of gifted individuals doing all kinds of financial analysis, market analysis, looking at these companies in a more traditional way. But there's this other element that brings in the values based or faith-based investing how you go about that selection is your investment team approach that piece of it.

The recognition of what company ownership and when we invest our money owners company and get the right to receive any of the profit growth and profit growth coming from real companies doing real things in the world and really trying to find company profits are generated in ways that we fundamentally feel good about, so ownership you think a couple directions. One day Walt what kind of company, might I not want to the negative dementia and coming up with a list of services or local industries that wouldn't be a good value.

There are a number of the things like companies that produce or distribute pornography would be an example so choosing to forgo the much more exciting dimension to really take that next day.

Well, it's not just about what we want to avoid one of the kind the company we feel like well reflect our values that demonstrate really love of neighbor which is a derivative of God. That's where were really seeking to embrace companies whose products and services are meeting important world and who practice the way they treat their Murderers when they treat their employees supplier community based on the latest steward.natural report.

All of the things black value creation and adding value to humankind. Someone might ask was values based investing. Does this provide you the proper diversification know you absolutely need to look at the financial we married together.

We like to start with the big picture thinking and what we mean by that you were looking for Dean and investing particular spaces that are growing so these are often referred to as groping a very common thing in traditional about doing that as well and questioning thing where the growth with something that is promoting flourishing and so it's really trying to identify faces that are growing as a result of the value creating so examples of this would be all biotechnology which we know the growing faith we understand more and more about the human body and how to develop targeted therapies to treat these something that is growing secular office, something that intersect with something we care about believers and improving the lives of people by thinking to eradicate or make better the treatment of the swelling would certainly be wise to think that those companies following biblical principles loving their neighbor operating with integrity, promoting human flourishing would do well would perform well and I think that's one of the big ideas here Jason we got just a few seconds left.

Obviously we want to be a part of using God's money to change the world to make a positive difference in our brief stay here on earth. The Bible calls it, but a vapor is unrealistic to think that we can change the world through investments. So why make an immediate impact on our lives as we express our value. Also, I think you have a beneficial impact on the world, particularly many of the aggregate our investment accounts into faith-based investing. We can see that collectively our effort represent something that is in fact large scale and can amplify the good deeds that are a blessing in the world are our tagline even time thing that makes the world rejoice tried to owning company training is really exciting stuff for this time.com you know not to do with your money and I'm certain she would like to note ways to trim those answers much more subsequent to the money line expert articles leaving get your subscription free money like the magazine and moneywise my door is in human terms because you are weak in your natural self to offer the parts of your body to slavery and slavery to impurity, ever-increasing wickedness, so now slavery to write this is leading to righteousness and holiness here. And holiness. We've been made out we talking at the kind that goes from righteousness and holiness to the living imparted into the line from the inside went from the control of pain as result only is my way though attention moneywise live listeners. If you don't like free stuff, please change the station now.

Still with us great. You can get free access today to the new moneywise magazine packed with valuable expert articles, practical tips and biblical wisdom will even find exclusive podcast episodes. You won't hear anywhere else your money wisely magazines inscription is waiting for you and moneywise live.org/sign-up question list about anything, anything at all. Call 800-525-7000. We have some open lines 805 five 7000.

Now Tom and starlet stay with us, and they've been holding patiently.

But first we have to welcome Stanley a calling from Albuquerque, New Mexico hi Stanley, thanks for calling your own moneywise live I inherited from my father, which were 100% municipal bond stock.

I will need the funds in the not-too-distant future only moved to purchase a new house, having seen a 15% drop in my portfolio.

I am concerned with the shutdown the municipal and school bonds might default what should I do yeah you know it's an interesting question. Obviously these unprecedented times are brought with them the challenges across all parts of the economy and certainly the municipal bond market is one of them.

It's about a $4 trillion market and typically is very stable but given these unprecedented times and challenges with states and local governments where there facing serious revenue shortfalls due to the lockdown. Obviously it has put the muni market little bit of a difficult spot. I will say though the Fed has bought weeds around $500 billion worth of municipal bonds from states and cities so far during the pandemic. Only 10 cities, 16 counties have met that requirement based on what I read, but it has certainly helped to stabilize muni bond market now clearly some cities and states are in better physical shape than others. And there are rating agencies, whether it's Moody's or S&P, or for which they all have their different, ratings approaches to look at bond issuers, but AAA is so obviously the highest rating in each of those three, so you could go ahead and take a look at that, but I would just say, given what the Fed has already done and committed to do moving forward with the treasuries doing to help provide stability to these local markets and to bring stability to the overall muni bond market itself. I think you're in fine shape. So II wouldn't be terribly concerned about it. They are very historically very safe investments and we will get through this.

Perhaps if you had some concern. You could go ahead and look at starting to liquidate some of these bonds and move it into FDIC insured account so you have it ready and available when you're ready to purchase that house and you could start to do that, even now, I would just look at perhaps the value of these bonds compared to where they were before the pandemic just to see if there's some declines there that you may want to wait out, but I think overall Craig, I don't see your Susie.

Stanley don't see any major already make sense okay. We appreciate your call today. Stanley God bless you and thanks for checking in with and thanks very much moving along this time we go to Harris Minnesota again. Our phone number if you have a question today for Rob West 800-525-7000 Tom nice to have you with us on the program and what your question all father well into the stages of dementia sold. That leaves me handling all of his money and I am my wife and I learned a long time ago the value of all God honors that and I'm wondering if I should take it upon myself to start tithing from his income for him, sure.

Well Tom, I appreciate the question. Obviously you play an important role here as power of attorney for your dad. I'm so sorry to hear that in his dementia is incapacitated, not able to make those decisions and so your role is critical. I would say that although I appreciate your heart and desire to give you know if we really look at the intention behind the power of attorney. This legal permission or authorization to act on behalf of another person really puts you in a role of caretaker of your dad's assets, and I believe that the role then that year to carry out is to act on his behalf. Based on your best understanding of his wishes alongside your sound and prudent your decision-making, and given that you know that his desire and intention throughout his life was.

Not really in the area of giving and generosity. I would say I would stop just this is just my conviction doesn't mean it needs to be yours. But I would stop short of beginning to give on this until such time as these assets are yours and you are the steward then making decisions entrusted this money ultimately by the Lord. But right now as you're acting on his behalf because he's unable to do so.

I think you're the responsibility then is to act as you would in believe him to desire you to act. Given that he is still the steward even though he's in a difficult state right now.

Medically, he still the steward of these resources and not you.

At this point. Does it make sense about what I want to give on her arms about what never said about tithing and consult yeah but you he will not just can ask but based on what you know about his life and how he was handling these funds. During his life, you would say that was not how he was giving studies dollars is a right while he gave but it was minuscule compared tired of 10% get there soldier shirt. Well yes, I would pray through that really just do the best you can to reflect what you believe his desires and wishes were with those funds and then when the Lord calls them home. Obviously it'll be much clearer as to how your to disburse the assets and anything that it then belongs to you.

Obviously, I would give as the Lord leads and give generously, glad that you called today and we wish you and your father the very best thing so much. 800-525-7000 million other question that we get, that's a sort of similar to this is I wish mom would say I receive child care payments from my former husband should I tie in behalf of my child. With that money in your responses typically you know it's not an increase. I wouldn't see it as you increase it has a very specific purpose needs of the child not necessarily increase for you. How should we as Christians think about what if we could invest our money in a way that aligns with what we believe that Eventide we believe it is possible to love God and love our neighbor in the very design investments for performance and better world so you can invest for the future with a sense of wholeness and purpose.

We call this investing that makes the world rejoice. More information is available@investeventide.com Christian healthcare ministries enables believers to show love for one another by sharing each other's health costs through CHN's voluntary health cost-sharing programs members uplift each other spiritually and financially. CHN was an eligible option under the affordable care act and the Better Business Bureau accredited charity interested.

Learn more by calling 800-791-6225 or online at CH ministries.more Moody Bible Institute verse of the week during this is found in John 1512 this is my commandment that you love one another as I that's John. Call one 800 many people are experiencing financial challenges such as credit card debt downsizing that in jobs, savings, more than half of all the courses are the result of financial pressures at home in your money counts biblical financial expert Howard shows that the Bible is a veritable managing your finances will discover the profound relationship your money count is available when you click the start button moneywise live US attorney general William bars with these competent justice will be served after the restraint death of a black man in Minneapolis police custody. Mars said in a statement. The videos of George Ford's death were harrowing to watch and deeply disturbing white police officer Derek child and has been charged with third-degree murder and manslaughter. Resident Rob has announced that the US will be terminating its relationship with the World Health Organization. He said the WHO failed to adequately respond to the coronavirus because China has total control over the global organization noted that the US contributes about 450 million the world body while China provides about 40 million stock market erased an early drop and ended mixed.

The Dow lost 17 points. The NASDAQ gained 120 and the S&P was up 14. This is SRN use as a 501(c) really do depend greatly on your gifts and your generosity.

You've never done so, if you'd like to consider that we encourage you to visit our website moneywise live.org and just click the donate tab at the top of the page will be lots of other information. Therefore, you quick, it's easy it's safe moneywise live.O RG, Winston-Salem, North Carolina, starlet. We do appreciate your patience and what's your question $40,000 and 5% anyway regularly at low interest rate starlet.

These are federal student loans is that right, you probably could, you know current private student loan interest rates are down as low as 4%.

Right now, so he may be able to save a point on it. The challenge is that as soon as you do that you have to understand the implications in that when you refinance away from the federal loans with the private lender you're giving up the protections that come along with that, which include deferments.

Some of the flexible repayment options available through the federal student loan program and even the forgiveness options. Although those are pretty specific and don't apply to a lot of people, but if you were to get into a difficult financial spot. Having those flexible repayment options are nice but if he feels like he has very stable employment and he's willing to give that up and he understands how much he'll actually save based on this reduced interest rate and feels that it's worth it and I would really run the numbers and make sure you understand what is the real value of the savings in the reduced interest rate of what Sandpoint then certainly he could do that and there are options out there as long as he could qualify for those lower rates on his own without you having to cosign or something like that just given whether he has substantial credit. His documented income and all the things that a lender would want to see to refinance this. So bottom line is there are options which are to give up some things and you need to make sure that the trade-off of giving up some of those flexible repayment options and other scenarios are worth the savings that he'll actually realize. If you make that make sense okay yes ma'am publishing Kissimmee, Florida Ina, how can we help you. Okay, not my call here because I have offspring rule will put 1700 a month and it made me pay my house that I live in shoring if I die, yet 88, being now. My children would be receiving about 320 interesting and I need money I can pay car after picking up on it will be on money not allowed me fine because I never don't know much about number hearing new auto be wondering if you knew anything about this program and what you think. Yeah well I'm not a big fan and you know it is legitimate in the sense that in most cases this is not a scam them in. This is something that does happen quite a bit.

It is a bit complicated in the sense that you're using attorney using whole life insurance and the ability for cash value to build up and then the ability to take loans against it as a vehicle by which to pay off certain debts and actually have the interest go back to yourself as opposed to the creditors and you. I think the problem is that it does get to be a bit complicated.

You are paying for permanent death benefits he or paying the mortality expense associated with the policy that you probably don't need. If you're saving diligently and the expenses are frontloaded so the agent and the insurance company in terms of what's paid out in the form of a commission can eat up half of the first years premium. In some cases, and unless you have a really Nice stable source of income. It could be really problematic. So I think you know I much prefer more simple approaches to saving ones that we can easily explain that don't involve complex insurance products that people have to get paid to sell and I'd rather see you just really focus on keeping your lifestyle at a minimum, being diligent to pay down debt as you're able to save in tax-deferred retirement accounts through conventional means. With the stock and bond investments that are appropriate for your age and risk tolerance and not try to use insurance policies and in a more complex fashion to try to solve for paying things off just a bit quicker because of the reasons that I mentioned is readily more complicated than I could get into here on the right radio.

Maybe we can do that as a whole program someday just to talk about the nuts and bolts of how this actually works, but I would just suffice it to say I'm not a big fan because of the complexity and the other reasons that I mentioned in and were glad you called.

Today we wish you the best. Thank you very much hope that helped you I think we can get in Melissa she's calling from Decatur Tennessee and what you question Farah my call at a carpet and a lot of employees are black, quoting their withdrawing.

Therefore, no one can there actually withdrawing savings on their bank account there wanting to put this on because they think that the company simple to carry the 401(k) shall go bankrupt and that they're going to lose all the time has been think it was last I think it 401(k) that I would call you what you said okay very good. Well, I appreciate both of you and you checking in with us today. You know I would not be moving in this direction in terms of trying to withdrawal large sums of money you. We realize that first of all by federal law. All 401(k) money has to be held in trust or in an insurance contract, separate from the employer's business. So there's the company itself, which I wouldn't be concerned about that because the protections there really protect the assets even if the 401(k) administrator goes bankrupt. You mentioned a particular company that particular company is earned hundreds of millions of dollars in the first quarter as plenty of cash and you know is working with really no major service interruptions remotely even though they did have some layoffs in the last couple years, but I think the bottom line is, although this is been a significant hit to our economy and there is real collateral damage especially in certain sectors of the economy. I think the US government and its response both the treasury and the Federal Reserve has stepped in and in a significant way to keep the markets functioning to make sure that the financial markets stay intact, and given the protections that exist, as well as the fact that we expect on the other side of this virus things to improve somewhat rapidly because of the strength of the health of the consumer in the American economy going into it.

I don't think there's a need for a rash decision. Melissa, thank you very much. This is many people adopt an attitude toward marriage and finances that it will all work out somehow. But sadly, it often doesn't financial woes can devastate a marriage but there is a better way.

God's way, money, and marriage counseling by Howard Deaton will help you discover God's approach to growing your finances strengthening your relationship with your mate and cultivating godly joy, money, and marriage counseling is available moneywise live.org I'm here to help you understand God's purpose for you like the eyes of a layman. This is not just another day this and every day is the day the Lord hath made let us rejoice and be glad I don't care how normal or mundane or challenging.

This day may seem to you.

God has your day plan the steps of a righteous manner directed by the Lord every day, not just special the questions with your living this day, for God's plan for your own talk about a family responsibility for the day.

In fact on your responsibilities as honoring God.

But if your focus stays on. Success is the rule defined success yourself focus will be self evident and you will miss the divine appointment. God has planned for you.

Your job is not revival outside the walls. By moving everyone you're with Jesus. You know how easy that is go tomorrow. TW.com and no movement is called the other day I was having lunch with the guy. All: we looked at me and said all God broke my to what I said really he replied I think he did it to get my attention. Proverbs 1430 says envy is a rottenness to the bones seriously dominated by envy for months, but this did. I'm getting my act together. There's not just a story, but I his perspective talk about Scripture coming alive, but let me ask you is there an area of your life secret or public where you are resisting God. It might cost you a lot more than a visit to the dentist don't test his word and have to learn the hard way how far you go to draw you back to him: Paul donors father-son conferences.

For more information go to donor.org. Many people adopt an attitude toward marriage and finances that it will all work out somehow.

But sadly, it often doesn't financial woes can devastate a marriage but there is a better way. God's way, money, and marriage counseling by Howard Tate will help you discover God's approach when your finances strengthening your relationship with your mate and cultivating godly joy, money, and marriage God's way and moneywise live.org is certainly happy that you are having a great day and that you have as well you know what I have sitting next to my bed.

They've been there for decades, a stack of magazines change, but I have magazines my wife is always telling me that there were probably cockroaches in them somewhere because I don't read them. Often these magazines on bicycles or motorcycles for both yes altered watching watching a drumming in on the driver and I get yeah all those things and but what I don't have next to my bed. Okay, why don't ever refrigerator some people accuse me of that.

I don't have that. I also don't have the moneywise he magazines that and with that taken away. You know the moneywise E magazine would have to be living on your smart phone or your tablet. Well, it is easy therefore electronically yeah it's brand-new and it's out right now you can go get it. Just go to moneywise live.org, you'll see a green band near the top that references the magazine where you can click input your email address and will get it right out to you, it comes out quarterly this quarter's addition is on financial hope, and what we could all use some of that. So go check it out absolutely free. We hope and pray it's a great resource for you. The moneywise he magazines moneywise live.org were excited about this, so I've been a little bit involved in producing this and is going to be lots of great information there some photos, some some things that you don't always get with a plain old paper magazine that is for sure, Birmingham, Alabama Jolene, what you question hello N/A about $1400 security and fables to mention and have about 60 300,000 credit card and my bills are all paid on time and but there's nothing left. I don't have. I don't I just and so that's my credit card I make I want it. It makes to consolidate benefit and it consolidate affect my credit had to have a good credit rating. Just well Jolene, I appreciate that.

And obviously your living on a tight fixed income. Sounds like you're managing that well you're not adding to this credit card debt each month. Are you trying back to the best you can see is sure key is to get on a homeland that's going to allow you to both pay these get them going in the right direction.

That is down and build up a little bit of savings over time on a systematic basis, even if it's just a distant 25 or $50 a month you got something to fall back on. We get out of the cycle of having to use the credit cards. When the unexpected comes, you know, I really like the idea of you looking first at debt management will be just define a few terms you mentioned credit consolidation. Essentially, that's where you take out a new loan and you combine existing loans into that new loan therefore paying them off and then servicing that one new loan.

Ideally, at a lower interest rate.

The challenges often times those are going to extend out the term to get the payment down which means it's got a longer payback. Which means even at a lower interest rate you're probably gonna pay more in interest over time, and we often see that when this is done because the real underlying issue is not solved, and that is spending beyond your means and I realize I'm not in any way disparaging what you're doing because I realize it's challenging to live within $1400 a month, but you could very easily get you into a situation where you're from. Now you call me and say Rob I've got the 6000 in the consolidation loan and now I've got your 4000 credit card debt. Now what I do so we want to come up with a real solution is to get you going to the right direction, debt management, on the other hand, is can leave those balances where they are. The team would work with you to get on a spending plan that works with your budget with one fixed monthly payment with reduced interest rates and that's really the key. The combination of the static monthly payment that doesn't decline over time that fits in your budget. Plus, the lower interest rates are going to allow you to pay that off 80% faster so I would start there. You will have to close the account. You don't have to close all of them. If you have more than one occasion wanted to one open, but any of the cards in the debt management program do need to be closed in terms of your credit. It's not a part of the credit score. Although it will be noted on your credit report that you're in a debt management program and the lender could choose to use that. However they wanted, but I think the priority right now is getting this paid off. More so even than your credit.

So I would check that out1@christiancreditcounselors.org wonderful partners all believers still work with you. Pray with your help you set up the budget and explain all the details and I were there I would go there first. Jolene okay. We wish you the best with that. Thank you very much squeezing in a couple more before the time gets the better of us today. Cleveland, Ohio hello Sharon, what's on your mind and online banking. I have no idea.

You know the ins and outs of the pros and cons. Can you give me information on how I would tap into it. If it's a good idea to save a little money, but that the conventional bank that I'm in charge and you you know X amount of service charge per mom eventually eating when I'm putting so yes is stranded native absolutely well that makes a lot of sense online. Thanks Sharon these days with standard security measures are just as safe as traditional banks.

In my view, you know, in terms of the actual process of conducting business online and they have the latest in encryption and security features doesn't mean there are hundred percent foolproof. Any institution or government can be hacked. But the bottom line as long as you follow the proper protocols, meaning you're not doing business logging into these financial accounts when you're on public Wi-Fi you're not clicking on links in emails using proper virus scanning protection on your website are skewed me on your computer you're using the latest browsers with the latest security features you know there's not an issue there. The benefit that you get is the money is used just like a traditional brick-and-mortar bank going to be insured by the Federal Deposit Insurance Corporation, the FDIC's so you have the backing of the US government and because they don't have to pay for the brick-and-mortar locations they are able to pass that on.

Often in the form of no fees for the accounts.

You can have multiple accounts be free and often in the form of higher interest rates both for checking but certainly for online savings accounts. So yeah, I think as long as you understand that side of it that you can't walk into the bank anymore, but you would use a debit card provided by the online bank in their network of ATMs and that you deposit checks through the app and just getting accustomed to the new way of doing business. Not to mention some of the safeguards that you want to employ.

It's a very effective way of handling your affairs and you can benefit from it in the form of those lower fees and higher interest rates yeah yeah now what I tap into those. How would I know where to go to begin an account surely getting just a couple of suggestions that you could go to Ally Bank ally.com AOL why is one of the most well known there known for their customer service but also great rates and fee free.

You could look@marcus.com and I also like capital one 360 anyone of those three. You can also go to bank rate.com that's not a bank but they basically rate the banks and will help you find the banks that are the highest rated and have the highest interest rate so you could check that out as well, but any one of those three I would be comfortable with. As you start your search and then if you want to look for others, you could do that it bank rate.com and again. Sharon levels banks to look into allied Marcus.com, a capital one was a capital one.com capital one 360 capital one 360 and those you love those options will give you a great place to start. Glad that you called today. One more last one, Englewood, Florida. Kyle you're thinking of buying a house already give us the specifics just in… How I have saved but I know you're thinking six months saving so if I downplay voice that extra attack you.

I would have let that be okay. I'm not thrilled about that Kyle. I realize what you trying to do and I deftly don't want you to get into the private mortgage insurance PMI, which are run. You often times 1% of the loan value and does nothing for you. It's only to protect the lender. But I also don't like you putting yourself in a position where you have zero flexibility or margin for the unexpected. So I realized the challenge there is to do one of two things. Number one would be my preferred option you delay the purchase and keep saving and try to get at least one months worth of expenses in reserves and then as long as you don't buy too much house and you really thought through your budget. Not spending more than 25% as a rule of thumb on principal, interest, taxes and insurance and the continued ability to say then you could build that backup over the following months of the second option is you don't take an FHA mortgage but you take a mortgage that's conventional, where if you start below 20% is soon as you get above 20% loan to value you could have that PMI removed, but in either case, I would not drip drop down to zero in savings and make sure you at least have a month and make sure that you have a budget that allows you to continue to put some money aside each month do you build a backup Kyle we wish you the best with that house. Thank you very much, Robin. Thinking back to an earlier call Melissa. They were her husband, I believe, worked for carpet company. There were concerned about the retirement plan or 401(k). Obviously lots of companies going bankrupt these days lots of people concerned about the status of the retirement plans.

What assurances can you give them well you and I would just say this. First of all, let's just always go back to conventional biblical wisdom, which is spend less than you earn. Avoid the use of that set some goals have some margin or some savings and give generously if we do that, then we put ourselves in a position to experience God's best.

I think with regard to investing God's word is clear. We should seek a return and I think the long game will win here, even though there are uncertainties as long as were diversified invested for the right reasons with the Longview Steve to come out okay thanks Rob appreciate that money buys live is a partnership between Moody radio and moneywise media. Thanks so much for listening thanks to our support team today Clara, Courtney, Judy and Jim have a wonderful weekend. See you again