Biblical Generosity: How It’s Different from Philanthropy

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For with the measure you use, it will be measured back to you. True biblical generosity of violence and blessing much more than just giving to a cause today host Rob West welcomes Jamie Kuyper of the National Christian foundation to talk about giving according to Scripture limits your calls later on at 800-525-7000. Anything financial 800-525-7000 generosity.

It's not philanthropy that's next right here on moneywise live I'm Steve Krause with virtual tables Rob Weston Rob, we've had many great guests from the National Christian foundation on this program but this is the first time Jamie Kuyper joints a season attorney and serves as president and general counsel for NCS West Michigan office. While that's right Steve, we know that Jamie and his team are doing the Lords work helping families and individuals across Western Michigan create giving strategies and Jamie welcome to the program.

Thanks much, Rob.

Thanks, Steve. Glad to be here to tell us a little bit more of what you and your team at MCF in Michigan do when you're of course not trying to stay warm this time of year yeah yeah staying warm definitely takes a little extra effort this time we as you said, we help families develop giving strategies as you guys do a great job of covering on this program. A lot of families have financial strategies but often don't have a giving strategy to go alongside of that and so they might miss some opportunities along the way they be over pay in taxes and we help families develop giving strategies with the goal of them making the most of all they have available to give and hopefully ultimately enjoying the joy of greater generosity yes well and that's a big idea.

You never gonna have a strategy for our investments. Why not have a strategy for giving that money is in a compound for all of eternity. And I know Jamie, you have some principles of biblical generosity that really shows how this differs. The biblical generosity you're describing how it differs from what the world calls philanthropy explained that force. Yeah when I think of biblical generosity.

I'm not thinking just of it of a kind act of one person to another, which is sort of what I would characterize philanthropy is which is good in and of itself, but biblical generosity. We view as a spiritual practice and its focus isn't just on doing good. It's focuses on advancing the kingdom of God and both advancing the kingdom of God in the life of people that are benefiting from the gift that's been given to them, but also advancing the kingdom of God in the heart of the giver and the transformational impact giving has on our heart on our spirit as we seek to serve the Lord. Wow, what an incredible vision and something Jamie entirely different than what the world calls philanthropy that's powerful that we don't have time to get into them before the break, but I want you to set them up. You identified there at MCF 10 principles of biblical generosity that you share with the folks you work with and look for you to begin to just frame them for us and then after the break will unpack each of them. Yeah. So when we put these 10 principles together. The goal wasn't to unpack everything the Bible has to say about money, but to put together 10 principles that outline what we would maybe characterize as a story of change in the life of the giver as they pressed deeper into the purpose that God has for their life. Certainly a lot of what the Bible has a say about money will trace back to these principles, but the focus of these is really on what kind of a journey is the giver supposed to be on in their relationship with the Lord as they give into his kingdom. Now what I love about this.

Jamie is so often we think about generosity being all about the recipient but just about everything you described to this point is about what happens in the giver's life and heart.

As a result of the gift right it's one of the great joys of what I get to do. Waking up every day concerned with the heart of the giver every bit as much as I'm concerned with the good that's being done in the world. God is very interested in what's happening in our hearts, and if giving isn't transforming us were missing a key part of the opportunity. When Jesus said it is more blessed to give than to receive. He was probably thinking about both ends of an equation and unpack those principles just around the corner giving transforms not only the life of the receiver, but also of the giver. Jamie Kuyper with a sitting president of the Western Michigan chapter of the National Christian foundation. Your calls later on at 800-525-7000 throughout the year is always our pleasure to speak to several different people from the National Christian foundation and today we have Jamie Kuyper with us helping us understand how to effectively apply our giving due are giving according to God's will and God's principles as we walk through life being concerned about these things. God doesn't just give us extra so that we can suck it away for ourselves, but more than likely he wants us to share that with others as a real ministry and a witness to who he is and what is done in their lives. Rob Jamie were so thankful for our partnership with the National Christian foundation in your work on these 10 principles of biblical generosity. I love this idea that God uses generosity in our lives to change us into the people he's created us to be and that's really at the heart of these principles just as much about what he's doing in the life of the giver as it is the recipient but take a moment just to walk us through this narrative. If you will that unpacks these principles yeah if somebody sat down with her giving strategy workbook. They'd find these 10 principles presented numbered one through 10 and were not ranking them in order of importance or laying them out in a way that we believe tells a story and in that story goes something like this we wake up every morning loved by a God that is good this God owns everything and as a consequence, he doesn't need anything from us, but he didn't create us for a very special purpose and that purpose is to bear his image to to resemble him as much as we can in this world when we live into that Jesus is enough. Our identity in him is enough for us and God becomes our never ending supply of all that we need to be who he made us to be so are giving starts to take on an aspect of worship, rather than simply obligation or duty. And the reason that those motives matter is because our hearts matter to God much more than any amount of money we could give him.

So what we're doing now is of eternal importance. We are in the process of being shaped into the kind of people we are going to be forever in time is of the essence. This is a project that we can start any time, but each day that passes is a day lost investing in the stories trend right in her life. That's incredible and compelling that you know I love this idea that you said of course giving is a form of worship. And God created us to bear his image. I like to say he's the ultimate giver right he gave us his son that made the ultimate penalty need to reconcile us back to him and when we give we are an expression of that and I think in many ways it calibrates our hearts to his is that been your experience as you worked with givers over the years. Absolutely when we are purposeful in the way we approach these things, seeking his heart for the world we can't help but be formed into his likeness is as we engage these things in you know I can think of several books that I've read on the topic of both worship of God and worship of vital sin and frequently will run into the.

The idea that we are shaped into the forms of the things that we worship and when we worship God our father, we can't help but be transformed into a generous likeness of him. You also said Jamie that giving really brings transformation describe the transformation you have the privilege of witnessing day after day as you walk alongside these givers. Yeah, it can impact us in so many different ways. One of the most beautiful things is freedom.

When we start to view all that God has given us as opportunities to experience him and to know him better rather than to identify ourselves with Laura to find our security and our stuff.

I think were freer to deploy it into that purpose because we know that were taking hold of something that's worth far more than what were letting go of yes and it it has a way of freeing people from their stuff and it doesn't mean they take a vow of poverty and give every nickel they have away, but they hold it differently and it has a way of breaking its hold on them. Jamie or earlier at the beginning of the program.

You mentioned that that one of the things you'd like to help people do is to find the joy of greater generosity will what does that mean because I would imagine most people to contact. You are already generous people so what's what's what's the joy of greater generosity all about.

How does that manifests itself. I think it manifests itself the most richly when people realize that they are taking hold of something special when giving becomes routine to the point of it being automatic, almost duty-bound doesn't mean that God can do anything good without giving you can use it to to touch his world and a lot of different ways. But when we recognize that God has made us for this purpose, and we start to live into exactly what he made us to be. We become more fully alive and there's joy that the fruit of the spirit is joy. And so as we join his Spirit in the transformation of his creation.

We can't help but become more joyful because he is becoming more of who he made us to be a man is powerful in Jamie. I know one of the opportunities you have is to walk alongside not only individuals, but families who really have embrace this and been intentional on casting a vision for biblical generosity that goes beyond those that created the wealth and extends even into the next generation describe what that has looked like there's so many different ways that people can approach it, but I think that the fundamental idea is to be purposeful about it to not sweep conversations about giving or the resources we have available under the rug but to look for ways that are age-appropriate to engage our kids to talk to them about it, to share the joy that we found in our giving with them into draw them into that life because it's who God made them to be as well. Yes, just up real practical example that my wife and I do each year around. The season of Lent were going to be focusing on the sacrifice of Jesus for the redemption of the world and one of our practices is with our kids who are our oldest is just 12. Our youngest is seven and each each land we pick a Sunday to talk about the sacrifice of Jesus its purpose and healing our world and then we ask them what is something that is broken in God's world that you would like to join him in restoring and then we give together to that and they can get some money out of their share boxes and mom and dad match those gifts and we do it together and it draws us together around his purposes, and the way those are uniquely expressed in the lives of our children and there's lots of different ways to accelerate, but it's a lot of fun. That's powerful Jamie I would just been able to scratch the service today.

What resources do you have for folks who want to go deeper into these principles well great when your listeners could tap into would be a brief devotional that you guys have generously allowed us to post on the site moneywise.org/NCF and it will walk the listeners through those 10 principles, with some supporting scripture that they can search out for themselves excellent and I know you have 30 offices across the country and relationship managers like you who can work with givers in those markets and everywhere in between. You'll find a link to those locations@moneywise.org/NCF Jamie, thanks for being here. Thanks so much John appreciated.

Thanks, Jamie. Your calls next at 800-525-7000 on any financial topic, call 800-525-7000. This is moneywise live with us today.

Moneywise, live with your host Rob Leslie Steve Moore. This is a program where we begin right at the beginning is that God made it all, God owns it all and we just try to manage it well in stewards as managers and if we can help you do that well. We'd love to try 800-525-7000 right you want to jump answer.

That's a great Steve absolutely all right. Let's go at the Illinois Ishmael nice to have you there sir, how can we help thank you you to have a pool have a couple questions I want to try my not perfect but you like programming I love.

I like that for me. Thank you and I my first question a cabal. I beckoning Robinwood a meeting being beckoning rubbing that 18 month bill will you guys recommend I feel about me. I've been putting like older they little barefoot Tom in the last in a Dumont but I'm not ending the lead and direct the three months like almost 10,000 so I double height more than double my bed.

What I've been looking so good thing. Go fight the way I do have been buying stocks and how they like and I can we I don't know if it's a good thing I'm not. I'm learning but also one that Wenona got my doing the will.

What do you recommend I'm sure sure that well. I appreciate your question. Ishmael and I can certainly understand where you're coming from and I think you're getting it come the two sides of this.

The first is what's a prudent and appropriate investment strategy and we always look at those questions on this program through biblical lands to start with what is God's word say about all these issues and then secondly how do we take those principles found in Scripture, old and new testament. The Council of Scripture and then apply it to the practical everyday financial decisions were making in the area of spending and giving and saving and investing in all of it and that you're asking about investing, so we'll talk about that and then specifically what about the custodian Robin Hood, which is obviously gotten a lot of press lately. As a result of the what's going on with these folks from Reddit that are pushing up companies that have been really down for good reason based on their underlying fundamentals, but really moving into them to buy lots and lots of shares which had been inflating these particular companies and that's resulted in Robin Hood having to put some restrictions on how many shares you can actually buy up certain companies with regard to investing in general. Clearly, we need to start with this idea. Ishmael that you are managing God's money. He is the owner you're the manager and so just like all of us. We need to be effective and faithful stewards of God's resources.

The good news is he's given us 2300 verses in his word that tells us how we should go about that. And so you need to be really exploring those of member done here today am to ask you to hold on because I want to send you a book that will get you started on really understanding these principles, but when we understand that money is a tool to accomplish God's purposes in a part of that purpose is to provide for ourselves and also to save for the future and to be a conduit into God's activity through our giving, it begins to put money in the proper context because the way we use God's money really says what we value and where we placed our trust. Ultimately, now, in addition to providing for ourselves and those who depend upon us, our family, we should be saving a portion for the future and that includes I believe investing in the parable of the talents would indicate that we should seek a return on God's money.

As long as we have the right time horizon were not taking unnecessary risk and were not speculating hastily that were steady plotters is a word or an idea. The Josie in God's word with the you're really a proper focus on long-term investments that should be how we approach our investments and if we go to the book of Ecclesiastes we see that we should be diversified which means were not highly concentrated in a single company. We shouldn't put all of our eggs in one basket.

We should spread our risk so that if something happens in the case of investing to one company that's okay because we have many other investments and when were diversified we reduce our risk and we have better long-term performance. So when I go to your question number one. Should you be investing yes I think that's a prudent use of God's money, assuming you're already giving and assuming you have your consumer debt under control, namely credit card debt and assuming you have an emergency fund of at least $1500, but I would say 3 to 6 months expenses then yeah you should be investing for the future, but the concern I have is when you're buying individual stocks and you just don't a few of them.

You're considered highly concentrated so your investments are at the risk of one particular company or a couple of companies. I think that's really not wise based on the Council Scripture, we need to be diversified, which means if you're just starting out. I would use a mutual fund or an exchange traded fund where you want a basket of investments a number of investments not just one company, especially not one company that's very volatile and moving incredible amounts of the upside and the downside like some of those that are been in the news lately with regard to the Reddit that scheme but of the Reddit to debacle. I guess I should say is that what's going on in the markets right now so that would be my first advice is make sure your investing for the right reasons.

Make sure your financial foundation is shored up and make sure you're properly diversified now as to the. The custodian you can use. You mention Robin Hood. It's very been very popular with millennial's and new investors because they offer free trades and that's just part of the what's happening in the fin tech space as fees come down, and investing becomes more accessible to everyone, which is a good thing. Now why are they restricting access to some of the stocks well. The bottom line is in. This is in get complicated. Quickly the federal agencies that oversee all of this place certain restrictions on companies related to how much they need to have in the way of capital reserves, and so basically because of what's happened in the run-up of the stocks they needed more capital in order to be able to take the orders that many people were putting in was just simply means there still growing in this huge run-up is resulted in some folks having to crack down on them and although there lifting some of those restrictions. I think it does point to this idea that although your protected against the loss of the company. I think you ought to be looking toward more tried-and-true names I would throw out TD Ameritrade in Charles Schwab is a couple of those that help you stay on the Weinberg and get your information and get a book that I think will be a great resource for listening to moneywise live on tresses, your favorite Christian radio station. He's Rob West and Steve Moore, Robin, were chatting with Ishmael. Just a few minutes ago. He wanted to know your assessment of well the Robin Hood situation that the game stop thing on Wall Street. It's kind crazy kind of mild to watch it your any final thoughts and they regard as far as those of us who really want to invest in a wondering if that's legit yeah absolutely I would just say stay away from these high flyers that are getting swept up in a lot of the emotional trading which is never a good thing.

Again, we want to be long-term focused with the proper and prudent investment strategy and that doesn't mean daily speculation, trying to buy and see it in a price run up real quick and then jump out. That's really more akin to gambling I would say did you know what we're seeing here in terms of the restrictions it really just has to do with financial requirements that the SEC and the depository trust and clearing Corporation places on these brokers where they have to have a certain amount in reserves according to how much they have on the money in play in the market and those capital requirements have been increasing as a result of what's going on here, which is caused Robin Hood and others, and Schwab, TD Ameritrade interactive brokers all put restrictions on many of these names in the same way because of these financial requirements and so it's not unexpected to see this now.

The reason Robin Hood is getting so much blowback on this is because it's a popular platform with a lot of the Reddit users which are tend to be younger, millennial type newer investors and they don't like the fact that they're told they can't buy something because that's really part of this frenzy, so this will all blow over. I think at the end of the day as long as it's a brokerage firm that has SIPC backing, which means that it's protected up to 1/2 $1 million against the brokerage firm failing, not your principal loss in your investments, but a failure of the firm, then I think it's safe to proceed and again I wouldn't want to be buying these restricted names. Anyway okay so not a real big fan of these kinds of things. Lottery tickets go to my lottery ticket. I stayed up a firm poses with cashless engines, cashless engines at gas diamond lines and yeah yeah no I dug through all those in the same bucket go the other direction while you're no fun at all. Okay 802 five 7000. Just joking. No emails please. Just joking a bar bridge in Ohio hello Teresa, how can we help you know.

Thank you for taking my call center while receiving my I'm receiving a pension plan from my ex-husband and I do not have really any kind of retirement and all that you know what you get when you're working for Medicare and so I wonder what I can do it for $600 a month. I'm going to get the paper retirement. What would be the best thing I could deal with us at $600 a month investing in retirement. Short shorts because of Drusilla. Just got back up and talk about where you stand financially right now because what I would do is is look at this as just part of your increase the overall provision that you have on a monthly basis and then think about. In total, with whatever you have coming in. How is the best way to allocate those resources to cover your needs and move you in the right direction which includes paying down debt and saving for the future.

So I would always be reevaluating in total. God's provision in your life do you have any credit card debt to speak of nothing okay great. Do you have an emergency fund, some reserve savings we do the right couple of months worth at least.

Oh yeah LOL over excellent and tell me about the retirement plan options you have available to you. Do you have a company-sponsored retirement plan available at work. Yeah, it's a 401(k) contribution that I'm that money and tali just started that last year right. Otherwise, I don't have anything okay and what percent of your pay.

Are you putting in the I'm putting in 10% and matching 3% great okay and because you're playing catch up a little bit you know. You obviously have the ability to put in a little bit more than that.

So I might consider increasing that to perhaps even 15%. You know, plus the 3% match. You have the ability to put in $19,500 in your 401(k) and you can put an additional 6500 on top of that, once you're over age 50, so if you were to bump that up and then perhaps take this extra 600 a month and use that to offset the money that you're no longer receiving your paycheck because you've increased your contribution to the 401(k). I think that's probably going to be one of the best places to put that money. The only other option would be in this could be you know the way you go with the 600. Again, if you don't need the money for higher you are more pressing priorities financially. In addition to the 401(k). Perhaps you open a Roth IRA, which would you be another retirement savings vehicle that you can have on top of the 401(k) of the difference would be that you don't get a deduction for it but you get to the money growing for you tax-free. Which means when you pull it out in retirement. You know you wouldn't have to pay any tax audit you can put in 6000 this year. If you're married, you and your spouse could each put in 6000.

And if you're over 50 and add another thousand to it taking up to seven so that would be mailed. Perhaps you can put in the hole 600 a month, but you could put in a good bit of it. 500 a month you know going into that account. If you're over 50, you should put the whole thing and yelled. I think that alongside what you're doing and the 401(k) would certainly increase what you have going toward retirement that would be available for you down the road you can open that account with any of the major brokerages you could think about a mutual fund company like Vanguard, you could go to Charles Schwab TD Ameritrade open the Roth set up an automatic contribution every month. As you receive the pension it would just automatically be contributed and that I look for some high quality, mutual funds or some index ETF's.

If you need help with that. Our friends@soundmindinvesting.org could give you some really great ideas there Teresa, thank you very much for that.

We appreciate your call today. Tinley Park, Illinois Mark which a situation we have just a couple of minutes or already. I'll try and be quick over and thanks for taking my call. Thank you. I got a friend of mine who was on his way to work and decided to meet up with the deer on the road and unfortunately the deer basically totaled well. He totaled his car needing the insurance company is going to give him 12,300 and something dollars for his car. He has a loan on the car for over 16,000 you $4000 upside down and he has no car. I am you know trying to be the hands and Jesus to him and his family. So what godly advice.

Can I give him to be able to maneuver through this $4000 dilemma.

He has because right now he know he needs a car and he there's no way you can put this amount of money into the next loan. So he's either thinking he's gotta put it on his credit card paid off slowly figure out some way and you know somehow get a car. Now he did say he would get just something to get them from point A to point B until this is fruit so but that's what he's thinking is there any other godly advice that I could give him yeah I so appreciate Mark your desire to walk alongside your friend in this godly counsel. Unfortunately, there's not a lot of options here. I guess number one is if in fact you feel like that's not the proper fair market value. Tell him to push back and asked for a reassessment of that. Secondly, the lender will often give you a personal loan for the negative equity and that would allow him to pay it off. Then the question is where to go to get the new car talk about that right after the break.

Stay with somebody was not chatting with her friend right now. Tinley Park, Illinois, or location and unfortunately in deer got between his friend's car in. Well I guess the deer sorry to hear about that Mark oh any any other thoughts on this problem.

We were earmarks trying to help his friend navigates what is an upside down loan to the tune of about $4000. So what Mark what I was saying is your first question is does it feel like that's a fair market value of the car. If not, if he feels like that the insurance company is not valuing it properly could push back asked for a reassessment of that perhaps provide some documentation as to why he believes that's not the proper amount but obviously to the extent you know they're only willing to pay out so much and there's a balance on the note that's much higher than that give the best way to go on that if he doesn't have the cash to pay it off. That would simply be to ask the lender for a personal loan for the negative equity, so he would now have a personal loan to the tune of roughly $4000. That's gonna be a better approach than trying to put it on a credit card or trying to roll it into a new purchase. You're gonna want to get the best rates. Oakley has decent credit will have the best opportunity get at least a fairly competitive rate. If he's not trying to add anything over and above the value of the car and hopefully there's a little bit of the down payment that he's able to put together. I think the key is in a moving forward to make sure that he's really trying to save as much as he can limit lifestyle to the best of his ability in order to do that so he doesn't find himself in this situation was upside down two additional things I would mention one is gap insurance middle would would help in a situation like this, certainly not after the fact but perhaps in the future. And then secondly I we do it moneywise coaches that would be happy Mark to walk alongside your friend. As he sets up that spending plan, perhaps suggesting some ideas on how he can cut back his expenses so that he'll have more in the way of margin to put away for paying off that loan which is good to be a priority and then saving for that next car down the road. I will definitely let them know I mean I know you know we've known for quite a while and you know the one thing that we've noticed with him. It seemed like whenever he takes a step forward. Something happens where you have to take a step back and look like kids, you know, my wife and I are like Kenny can our friend ever get up break. You know I mean you know we've been praying for him and his family for dinner for all this for you know got just a breakthrough. And then in his in his life and his and his family life and some just isn't just isn't. It's not clicking. I wish I which I wish I had that magic button where I could just push it and fix everything. But you know I deftly get that's and I will deftly tell them your help will be praying for you and just keep on inviting them to church and you know hopefully God will break through in his life. Someway somehow yeah that's exactly right.

And we have to trust God's sovereignty in a situation like this and trust that God is working all things together for good, then that ultimately perhaps this event although right now. Somewhat painful, may be a catalyst toward something that will ultimately bring him to faith in Christ.

To me, and I think we just have to trust the bigger picture. You do what you can do to encourage, to pray, to walk alongside and at the right opportunity. I'm confident your witness to him will cause him to come to you when he has those questions that might ultimately lead to his salvation were certainly if is already a believer to really growing in Christ, but I'm confident what you're doing is the right thing and we appreciate you checking in with us today. Mark one last thought. If you don't mind. First of all I think that your friend is already blessed to have a friend like you so I don't see it say that the puff you up, but to have someone who was as thoughtful as you are. And compassionate is a great blessing to him and it did blesses us to hear that. Secondly, if marks a member of the church you might want to mention this to some members of the church.

Maybe some other people have some thoughts. Maybe there's a mechanic in the church who says I can fix that car or maybe to somebody in the church that has a car they been thinking of getting rid of and they might be able to extend him some grace as we got it in regards to the price of that. Lastly, if there's any chance that this car was unique in some way. If it's a sports car if it's a collectible car, something like that if if the parts are worth more than the typical you know 87 Camry then sometimes guys like that syllables parts or want to resell the car and you can actually buy the car back from the insurance company if if it's something unique like that would leave you with that but I will pray that also. God gives you guys wisdom and direction.

We appreciate your call today.

Thanks so much.

Albuquerque is it to me and help me with the pronunciation here. We will thank you for calling us today. What's in your mind and not the only one home mom arguing we think of down our home from the ground up. My question is how me a link to get that far. At the current place that I'm giving that he's the only one that work and we would have more kids and we are definitely outgrowing the home that we have right now yeah yeah ever people are with our income are middle-class to do that are better off just finding a home and conflicting meter down the route I see yeah well I think the question.

Mia really comes down to timing. This is a desire of on both of your parts.

It sounds like you all are somewhat handy. Given that you're thinking about perhaps you building or and I really should be relying on contractors for that but the fact that you're even considering buying the fixer-upper and then flipping it tells me you at least have some knowledge of this and might find some joy in perhaps the renovating the home, but I think the key is win because right now is a very busy season of life. I've been there with little ones at home we had for in four years send the way we did that was said to have him and her twins, but we had a busy household and I know that time is precious during those seasons in the building a home from the ground up is really time-consuming does mean you shouldn't do it doesn't mean it's not the right thing, but there's the time element and then there's the financial side, because what this is going to require is if you have a current home with a mortgage that you've got have the ability to cash flow that and cover all your expenses and continue giving and saving for the future and making sure your emergency fund stays funded and then you're gonna need probably a construction to permanent loan on the new home which is a construction loan that allows you to build and then that would convert to a permanent loan but you would likely be carrying two mortgages unless you know are willing to sell your current home, and maybe rent for a period of time and give something like that. I just don't want you to get stuck in a situation where you're overextended you don't have the ability to cash flow those and you really put your financial situation in jeopardy. At that point.

So again I'm not against it.

I just want to make sure you don't do it too quickly and you count the cost, both in time and money. Before you move into a project like this and therefore your second idea may be a better one where you will buy a home that's a little older has a lot of potential.

Need some work and tender loving care and you and your husband would have a lot of fun and after the kids go to bed into redoing bathrooms and kitchens in the opening additions and maybe that's the money that you sell the money you gain by selling that a profit that ultimately gets rolled into this new construction project that you guys want to take on down the road but telling me your thoughts on all that and everything.

I don't think I had no idea that you think we are actually paying a mortgage and we happen renovating a lot of thinking that house and hopefully when we get the money that you think that everything you touch base that is exactly what I want. I was looking for because patient training.

The key here yes exactly, and I'm confident summed somewhere down the line if this is really a passion that you both share God will give you the opportunity to do that.

But let's not do it prematurely and I create some new challenges for you guys just in terms of time and money prematurely. So anyway, thank you for calling it today. Were I were grateful for you and excited about what God has for you. And remember me, yet measure twice cut once You think did it only plays the me really. I know that that's that's prudent Dayton, Tennessee hi Joyce, how can we help you and your dad call 85 years old.

He looking at retiring and he's been maintaining attention for many years and now he thinking he should take it. I cannot stand considering his age where there something to him.

Dan said that he could draw naturally and start drawing immediately from no signs absolutely just have to know the joy so your dad's 85 he still working. What is he do not correct. He worked for local government, and you can strong work ethic and he's starting to take care of my mom's ale are probably can take you on a lot. I love that says like to go to guys Steve and I would like to have a couple minutes that's great yeah you I think you're right. I think given his age, he probably does make sense for him to take the lump sum and this is where after years and years and years of hard work you need some godly counsel a professional to come alongside him to manage this portfolio so that he doesn't take unnecessary risk.

There's a focus on we call capital preservation preserving what he has but then secondarily a focus on capital income, which means that we want to generate some income off of this that he could then convert to an income stream to live off of and would probably be talking you know before 5% a year that he would want to draw out with the expectation that through the. The smaller growth portion of the portfolio and the larger fixed income portion of the portfolio. We could offset that income that he's pulling out so that that the principal balance remains the same. He lives on the income, assuming the MathWorks with his needs and you know that money is then available in the future if he needs to dip into it for a major medical event.

He needed long-term care or assisted living or in-home care, whatever that might be, which is probably his largest risk at this point somewhere you go for that. Well, I'd encourage you to seek out two or three certified kingdom advisors in your city and interview them with him and pick the one that's good to be the best fit tell you find a CK on our website moneywise live.org, click the button that says simply that find ACK to stick around for a couple minutes today. Feel free to call right now if you'd like 800-525-7000 moneywise live as a partnership between Moody radio and moneywise media. God bless you join us again some