Decisions for Faithful Finance

This is Doug Hastings, VP of Moody radio and were thankful for support from our listeners, and businesses like United faith mortgage mortgage commercials are rarely exciting. So to make it slightly more interesting here. My nieces do it for me. Interest rates continue to drop like my sister's baby teeth, uncle Larry had still not scared. It was rates are boring.

Talk historically low this year is even more boring. Talk historically lower than the previous point talk historically low sounds boring for so many listeners who just wanted to deal at refinancing right now could see the amount of light faith in God and that love some borrowers could potentially save hundreds monthly and tens and tens of thousands over the life of the loan, and that he didn't put 20% down before somebody ends up having to pay PMI gave uncle Brian I sent we are United faith mortgage United faith mortgage is a DBA of United mortgage Corp. 25 Millville Park Rd., Millville, NY license mortgage backer for licensing information, go to an MLS consumer access.org corporate MLS number 1330. Equal housing lender not licensed in Alaska, Hawaii, Georgia, Massachusetts, North Dakota, South Dakota and Utah. Do you ever feel overwhelmed and ill-equipped to deal with your personal finances will take comfort in Matthew 1128 come to me all you who are weary and burdened, you rest. If you feel you'll never experience financial freedom. Maybe it's time to change the decisions you host Rob West talks with financial advisor Emily Stroud about spending money on what matters your calls at 800-525-7000 800 525 $7000 more decisions for faithful finance that's nice moneywise live Kaiser Emily Stroud is a mom entrepreneur, cohost of a brand-new TV series faithful finance live streaming on pure flicks and author of faithful finance 10 secrets to move from fearful insecurity to comfort and control. Well, that's exactly what we want to discuss today.

Emily delighted to have you on the program will think me this is a treat, but were looking forward to diving into this contest get out in your years advising people how to manage money. I'm sure you've seen that money can be a great cause of stress, especially in marriage. The latest data that I've seen from our friend Chante felt on researcher and writer is that 70% of married couples have conflict over money. Tell me is that what prompted you to write faithful finance. Well, that's what prompted me to write the book, but really what happened was when my children were small. My husband and I made the deliberate decision to move out of the city into farmhouse on 8 acres.

While we wanted our children to be able to play outside. I wanted to office at home. It was honestly a way to streamline our busy and I knew that it would might not be as convenient for people to come out to the farmhouse to meet with me as my clients and I just hoped and prayed that the Lord would bless that when I didn't expect is that wasn't that they wouldn't come out. It's that they wouldn't leave there. So we would sit around my farm table and look at it my pond and drink coffee and people began to pour their hearts out in ways that I had never seen before.

Everybody has an issue with money. It's not just married couples. It is the top three reasons that people are given divorce money represents our heart. It represents our hopes and our fears. In our dreams and our children, our family and so as I sat there counseling people. I realized I can't have everybody out to the farmhouse to drink coffee and talk about their specific financial life is I wanted to get this information into the hands of as many people as possible which is why I decided to write the book initially, and now we've expanded it further and actually invite you into my home while watching my new series faithful finance live on pure flicks. Love that will delighted you wrote the book although I got to tell you the farmhouse is delightful but what you're describing is so in line with our hearts and that is the money issues are in fact hard issues and that's not our idea is you know Jesus said where your treasure is, there your heart will be also. So when we talk about the practical ins and outs of managing money were really uncovering at its core, hard issues, but you as you talk about these biblical principles of managing money. How have you seen that actually remove stress and worry in people's lives. Well, I believe having a plan biblical. There is nothing wrong with sitting down and mapping out your future. Now we have to realize that life is going to happen and God is still in control and were then have to revisit those plans pretty frequently and adjust as need be, but if you don't have a plan he really have no direction for your life and I have found that automating savings automating a lot of these financial decisions takes the stress out of also parts of issues that come up with money. I love it.

Well it's right in line with what we teach. As you know here on moneywise live and looking forward to beginning to unpack these secrets that you talk about in your book will get really practical, but I know it's all rooted in biblical truth which is what we are so excited about. So Steve much more to come. Just around the corner with Emily Stroud only is involved in lots of things including a brand-new TV series will have chance of that letter to discuss that.

She also has been farmhouse upon drink coffee that much more churn going to take some calls later in the program on any financial topic that's of interest to you. 800-525-7000 listening to what he was and will be right with us today. It's moneywise live, your host is Rob West, I'm Steve Moran today were talking with Emily Stroud.

Emily is an author. She's also the host of a brand-new TV program, faithful finance, live streaming on pure flicks and you can find it on your own. You can Google it, I'm sure. Again, faithful finance live Emily Stroud. Our guest today, Emily just before the break we were talking about the fact that our heart follows her money, which really sets the stage for how we manage money.

God's way, recognizing he has principles that we can apply in the very practical decisions we make in handling money each day. I want to begin to dive into these secrets you describe in the book starting with this idea that we need a plan and really seeking out a financial advisor to help us do that. What would you say the listeners who have yet to meet with a financial professional biggest objections as people think it's too expensive and they cannot afford it.

I would say is they cannot afford the mistakes that they are going to make without someone who is an expert in this field. There are many different disciplines your physicians your dentists your architects. They are experts in their field. He wouldn't build a house without an architect and you wouldn't do heart surgery without a cardiologist.

So why are you trying to manage her money without an expert in financial planning. Somebody who can help you navigate these critical decisions and do that, preferably from a biblical worldview as well as we get into some of the practical steps I love that you began with a place that we start often and that is the need for a spending plan and an emergency fund. Talk about the importance of those with the first step to achieving financial freedom is to have a budget and place the number one objection to this task is creating the budget. It's overwhelming to a lot of people they don't know where to start.

Don't know what to include, so I have taken all of the objections away and created a free, very detailed budget worksheet that I giveaway on my website faithful finance.com all you have to do is enter your email address and I will personally send you free budget worksheet said this way you have a practical tool that you can use to figure out how much you spent every month. Most of us are not aware of exactly how much we spend because a lot of us are swiping credit cards even if were being disciplined and paying them off every month. It's hard to keep track of all of those miscellaneous expenses and so in order to achieve financial freedom. The first step is you have to be aware of how much income is coming into your household that your spending and there cannot be a deficit on a regular basis. You will never achieve financial freedom so important to be able to know how God's money is being allocated to do that within the provision that he has for you and one of the first things that we need to build into that spending plan is our systematic giving.

Unlike a lot of financial advisors you encourage people to be generous to really building your giving right there on the front and so what advice do you have about this another objection to giving is people here that a tithe is 10%. That may seem overwhelming. Initially, if you've never given anything to anyone. And so what I tell people is start where you are. Just give something to somebody today. Start small and see how God blesses and I think you'll be surprised I'm not preaching a health, wealth and prosperity gospel, but I do believe that the Lord blesses generosity may look different for everybody does.

Blessings, whether it's an emotional blessing that you receive. It's been proven scientifically that our depression and anxiety. It is believed when we become more outwardly and upwardly focused rather than focusing on all of our own selfish desires and needs to just start where you are and continue to see how the Lord blesses you and how he leads you to continue on your path and being generous to others. Let's talk about that for just a second, because you talk about it a lot, Emily, and not just things like consumer debt, but mortgage as well. But what your advice for folks about managing this properly. Now that would be your credit card debt is bad and one of the chapters in my book as I say that not all debt is bad now. Not everyone is going to agree with me that from a practical standpoint, most people cannot afford to pay cash to purchase a new home and sell a mortgage is a way means to do that however you once again, you need a budget and know how much you can easily afford before you ever start shopping for a new home. Otherwise you get to be picturing your children playing in the backyard and justify home that you just can't afford but you never purchase a home. Then you will always be renting and technically you will always be a slave to the Lord. So I like my clients to be debt-free when they are about to retire and that includes owning their home free and clear so that's one of our goals. When you want to retire and what do we need to do to make sure that your home owner without debt when you retire. Love that. So we go to recognize money issues are hard issues go together spending plan in place in our emergency fund. One is certainly pay off consumer to manage properly for appreciating assets like our home but what about saving and investing.

Emily was the first step is you need to have a proper emergency fund.

As you said or what I call a cash reserve account. If your income is stable and you are not self-employed are working on commission. Then I say at least three months of living expenses – and that number is good to be different for everybody because however much it costs you to live each month which you will know if you've completed the budget worksheet, you multiply that number by three to get three months. If you are working on commission or you're in an industry where you're concerned about layoffs you're self-employed, there's volatility in your income that I want you to have six months of living expenses and cash you have a proper emergency fund. Then we start talking about the next savings goal. Whether that's for a down payment on a home sending your children to college, retirement, and vacation home. There is no wrong answer, but the first step is we need to make sure we have a proper emergency fund before we start funding is other savings goals.

That's really helpful. Let's finish today by talking about estate planning Emily as you know, folks often put that off. Why is it important to include that early in financial planning for parents that have young children. This is very important. They need to name a guardian for their children. Number one reason why people don't get a well or estate plan is they cannot agree on who the Guardian should be for the children so I would encourage people to take care of.

This is part of being an adult. If you are parents take care of it doesn't have to be a super morbid conversation and know that it's taking care of and you never have to think about it again that you do not want your children to be in jeopardy of living with the wrong people. If something happens to you God for dead just a few seconds left. Emily tell us about your exciting new TV series faithful finance live. We are streaming on peer flex.

We have four episodes that you can watch now we interview some really interesting gas that have inspired me there using their time, talents and resources to change the world and we also educate you on how to achieve financial freedom and a very fun environment and I invite you into my home. I hope you'll join me on that journey. Love you even get to visit the farm. Emily thanks for being with us today. Thanks so much for having me.

It was a pleasure though is our guest today.

You can find your book faithful finance wherever you buy books online, or check out her website where else faithful finance.com will be right back with more after this program, perhaps one of those guys will there anything right now but wines lots of them. At 800-525-7000 800-525-7000. I'm Steve Moore and Rob your permission through will I will jump right in. Okay, that sounds great right sure he is calling from southern Minnesota where Sherry because in southern Minnesota like we talking palm trees, things like the training, mom.

No, there you go.

You have to shovel rain at least so sure I got a call yesterday morning and they telephone thought it was from Honolulu, Hawaii, and said what would you do if you want a lot of money and I said I'd probably give it away to a charity or something and he said well good news for me. I'd won $17 million and I didn't believe that I said yeah sure did, and he said oh yes do you have a Walgreen think it was a Walgreens close to you and I said well not real close at 2 miles away while he said if you go to the Walgreens and get a green card and sign something that was an agreement back to your house and with them green card and your identification, some identification, they would come to my home and give me the $17 million.

That sounds to be true, and there was a little perk about that was that you had to pay them $500 for the green card and he didn't say how I said I don't have $500 to give and he just kept talking and on while you and Beth is up and you know how they are and I said I don't think I'm interested in and so I hung up while he called back and he called back several several times and keep track. I even gave the phone to my husband let him talk to them a little bit didn't believe it either but he just kept calling to trying to get me so I finally just took the phone off the hook so he can get through. Also I asked him I said hello I find out if you're on the up and up.

Well, he could give me a phone he gave me a phone number for the Better Business Bureau and I had his name something Peterson and I could call them in check and then call him back and he wouldn't let me go: since I'm thinking the 17 million on every call and I know I get a lot of crazy called and don't even answer, but the strange from someplace from Hawaii and of course I know why your intrigue got the best of you will Sherry let me just go and confirm to you, you're not missing out on anything because it's a scale and next time I wouldn't even give this gentleman or anybody else calling with this type of information the benefit of a conversation because the longer they can keep you on the phone, the more they can try to convince you of certain things or get you to take certain actions or give them certain pieces of information that they will actually use fraudulently, perhaps to even assume your identity and it can get really bad, and the fact that you entertain the conversation gave him the encouragement to continue to call back to try to get you back on the phone. So in the future as sweet as you are as much as you want to engage these folks in conversation I'd cut these conversations real short because the Federal Trade Commission says really a lot of people unfortunately are getting taken by these giveaway gift card scams.

Here's what you need to know any legitimate sweepstakes doesn't make you pay a fee to get your prize that includes paying what they call taxes, shipping and handling charges, processing fees, all of that is a telltale sign.

This is a scam there's no reason to give anybody your checking account information a credit card number. You certainly don't want to go by anybody.

A gift card soon as you hear anything related to a gift card or giving out your personal information over the telephone. You can immediately be confident that this is not something you should be involved in, and it's a scam, but don't trust your caller ID because skimmers can make any name or number show up on your caller ID.

They might use official sounding names like publishers clearinghouse readers digest as relates to sweepstakes and you as you move forward here in these situations, you also need to know that any number they would give you to perhaps verify their legitimacy is probably a fraud as well.

There's probably somebody that's going to answer the phone impersonates the Better Business Bureau try to garner confidence that is ill placed so you didn't miss anything.

I'm glad you didn't follow through on it and I appreciate you calling because now we have the chance to tell her entire money was like community that these are scams. Their realtor happening all the time and don't be taken. Sherry God bless you. Thanks for calling. If he does call back give a lower number.

We'd love to talk, it would be a call unlike any we've had in the past and that might be interesting. Marion Chicago how can we help you. I have no I have never money coming in and I was wondering if it would be recommended that I put that money towards find production yet. It's a great questionnaire, you know, anytime we receive money, whether it's a repeat core gift store and inheritance settlement.

You know it's all about how do we take and prioritize God's money because all of this provision comes from the Lord, where the stewards or managers and the good news is, the Bible gives us great principles and counsel on how, in fact, we should prioritize the use of God's money. One quick question for you Mary is what type of debt you have is this high-interest credit card debt or some other type credit card that I lost you there for second rebuffs a 15,000 okay 50% interest in how much do you have in the way of about 60 grand okay and what you have coming. I think about five grand, 5000.

Okay, here's what I like for you to do like for you to start with a $1500 emergency fund is up to get you out of the cycle of charging we ultimately want to get the three months expenses can't do that now and then I want you to call a Christian credit counselors before you say anything other than the minimum payments.

Let's talk to them about getting on a counseling program down right back. That was the finances can help you today with anything you might be wondering about a situation that's come up which are of the Bible addresses that are not.

Let's talk about it. 800-525-7000 020 Washington state next to Marcus. What's on your mind a rent to own deal where five years left her mortgage with the bank at which point we will at the appraised value minus the amount of money given her question. Do we need to do something now to protect against a capital gain there a way to the bank would look at buying a house or what value and that amount as a capital gain that we have to communicate is not actually a capital gain that ahead of time or yeah it's not whenever you're dealing with these situations is always good to get professional counsel to just tell you.

Generally, though, I think what you're talking about is gift tax, which really shouldn't be an issue here.

You'll keep in mind if you buy something from a family member like a piece of property in your paying less than what would be considered market rate within reason than the irises get a look at that and say okay the fact that your family member gave it to you under market that portion between what you paid and what the market value is is a gift, but keep in mind although you get 15,000 per year as a gift per person feel from a family member without it counting toward the lifetime gift exclusion, the lifetime amount is in excess of $11 million so even if it is considered a gift because you're able to buy a considerably lower that is not good to be a factor. Now when she sells it.

Given this is her property. She's on the deed and given the fact that perhaps she hasn't been listed for living in the property. Two out of the last five years. You have to tell me whether she was, what, but since you're living there.

I'm thinking perhaps she hasn't been there to out of the last five years, then she wouldn't get the exclusion as it being her primary residence and she would also capital gains on any profit that was made, but there may not be much of that. So tell me your thoughts renovating above the garage for her to live in apartment so she would still be on the property. Her primary residence. Okay, then she would have to have more than 250,000 in profit above her basis. Her original purchase plat price plus any improvements she left more than 1/4 million dollars in profit before there be any capital gains as long as she lived in. It is her primary residence for 2/5 years, so that's not an issue for her and your issue is not anything.

Frankly, the other issue is also related to her which would be it being considered a gift so I think you know everybody's in the clear here and it sounds like you guys are making some good decisions.

I would get some counsel from a tax accountant or CPA just because anytime we have a major change in our financial life and certainly buying a piece of property from a family member, especially under market value.

You just want to make sure you do everything properly in terms of filing and acknowledging the transaction appropriately.

So there's never any penalties or interest on something down the road that wasn't handled properly so connect with a CPA in your area just to run all this by that professional and make sure everything was is done properly. Marcus, thank you very much sir, round rock, Texas, Sylvia, we appreciate you holding in your patience today what your question, I thought that I love your program I have are all that public that my questionnaire they finance our home and Cash Out are to pay up our credit card that I had three credit card saying they thought about the claimant out the cash amount was 23,000.

My questioning is there a way where I can talk to the credit creditors to see they can lower the payoff amount I can get spam a plan pay the full amount of each one is about 6009 at page credit card okay to tackle that just makes her understand what happened here when you said Cash Out did you sell the property or refund okay and so what is the value 23 and what did you what was the total amount of the mortgage. What you reported 1800 know the value of the mortgage. Do you much do you owe on the on the mortgage after the finance and 94 and how much you get out of in the form of cash 23,000 okay you already closed on the new mortgage we closed on Monday. They gave me that window okay. They sign the docs and you're just waiting for the money yet we already got the money on Monday evening I was okay and what you owe in credit card 20,000 20,000. Was there another purpose of this money out other than paying off debt to pay off the credit card, we have for you living on a budget right now. Okay, so here's my concern. And if you would've called me last week and said should I do this I would've probably discouraged you from taking this home this money out of your home to pay off your credit cards. I understand. On paper it makes sense because you're lowering the interest rate but you do a couple of things that you're taking unsecured debt in your securing it to your house so if you ever can't make the payment on the mortgage for the amount you had previously.

Plus, this new 23,000 now your home is at risk. Know secondly you jerks even though it's a much lower interest rate. I'm assuming you took a new 30 year mortgage so your extending it out over 30 years, as opposed to know what I would've hope that we could've paid off this credit card debt in a 5 to 10 years through something like a credit counseling program. It sounds like it's done, and if it's done then let's just make the best decisions we can moving forward. The last thing I want you to do is to take this money wiped out this credit card debt and then a year from now.

You call me and you say Rob the credit card debt is back, and now we got $194,000 mortgage that we barely put a dent in and the reason that would happen which it typically does is because the problem the couch and did that in the first place was just consistent overspending without a family budget and so before you pay anything off.

I want to make sure I really love for you to live on a budget that's balanced where you can prove yourself that you can cover all of your obligations and have some surplus left over at the end of the month for at least three months, but that's going to be key.

So now up to your question. Can you get the these creditors to take less. Yeah, you could ask for settlement, but they're likely going to ask you to to show a detailed financial statement showing a financial hardship which you may or may not be able to do and keep in mind that's good be noted that it was settled on your credit report. The IRS may consider the forgiven amount taxable income and if you have the ability to make the payment. Because of my sin there. I'm inclined to say you should take the full amount because it's it's really the amount that you all. You could certainly asked the question if they agree to it that I think that it's legitimate. Let's do this. Sylvia give you six months of pro access to our money was because I really want you to start managing your money very closely in the envelope system is the best way to do it. To use that one will get you information. Thank you very much for all your help and support that consideration make a donation of some sort, tax-deductible, of course.

Just visit moneywise live.org moneywise. Love.org and at the top of the page you'll find the donate. Thank you in advance for your help and generosity to Ocala, Florida hello Kevin, what's your question today for Rob West. Thank you for taking my call to 66 and two months now and I just recently become a semi worker but like reduced my monthly salary by about one thing I'm looking at is whether I start thinking now within this year of taking you to take my so security payment and I know reduced my power that can reduce the benefit that I'm yet I would have originally planned on you to work until 70 but just different thinking come about change my thought have no debt paid off part of it is where where I stand between 1K which is mutual funds that I have. I got about 350,000, and that and then in stocks and for your stocks and mutual funds in my 401(k) and my Rob. I've got about 100,000 fluctuation. What I'm thinking, should I draw my my start drawing my Social Security now as opposed to making it to be reduced and how does it look like I'm sitting financially for retirement. I missed you the courtesy of the hundred thousand and that second retirement account adjusted 300,000 in the first about 350,000 in the 401(k) okay very good. It's about 450: well, a couple of things here. Number one is no, I love where you're at and yeah I think I would be really thinking and praying, asking the Lord what he has for you in this next season of life is you think about everything from where you live to the lifestyle you want to maintain your what's perhaps new assignments.

The Lord might have for you as you lean into a season where you have the most experience and wisdom to offer in your service to the Lord and then with that comes the financial side, but money is a tool to accomplish God's purposes, so we want to align your money with what's most important to you and where God is leading and no part of that is going to be Kevin establishing a budget that you simply says okay once I'm done working, whatever that looks like for me in that season as I serve the Lord. What is going to take the fund that and it may be very similar to what it is today in terms of the total expenses may be quite a bit different. Typically we be talking in terms of 70 to 80% of your pre-retirement expenses. Just because you're no longer saving for retirement. Typically, the kids are off the payroll.

And you know you can drop some insurances appear you know you don't perhaps need life insurance because there would be any hardship placed on anybody.

If you were to pass away, nobody's depending upon you your part for maybe your wife and you know she would have the same assets you have that would fund her expenses. If you were gone. So it's not like she be losing your income if you're married, so the other are to be some reductions but getting that budget established is key because that's going to determine what you actually need coming in every month, then we start comparing that against what income sources we have now. The first income source, you mentioned is Social Security that is going to be determined based on the average indexed monthly earnings during the 35 years in which you earn the most.

So if Yorty have 35 years on the books in your income goes down, you're not gonna replace any of those lower years with a higher earning about therefore making it go up, but you're probably not going to lose anything because those 35 years are what they are and if if this happens to be one. The slower this is not to replace any of the others, so you're essentially not penalizing yourself by continuing to work at a reduced amount you're just not going to increase anything where you can see the increases. If you could delay taking it until you well for every year you delay 8% is good to be added to that monthly amount up to age 70. So that's the first question is do you want to just continue to work and let that 8% at be added every year to that monthly amount that you get for the rest of your life and I think that's a financial question as well as a quality-of-life question in terms of do you want to continue to work or is God redirecting you to something else in terms of, you know, is that 450,000 enough to fund your lifestyle.

That's again to come down to the budget. When you look at your total needs and you subtract the Social Security payment. The question is then what is the shortfall. If anything, we would typically look at a 4% rate of return on the 450,000 if you could only take that that would be ideal. That would throw off 18,000 a year that you would add to the Social Security and if that could cover your expenses.

That's great. You should be able to with the help of a professional building income generating portfolio that allows you to pull out that 4% a year and hopefully over time, never impact the principal and still maintain it.

If not, grow it a little bit if you can if you need more than 18,000 based on your bills and what you can get from Social Security.

You know then obviously you may need to be a little bit more aggressive or you just can have to recognize your eating into the principal every month and that may be a reason if you're healthy and you can continue to work you would in fact want to delay Social Security to get that check is high as possible so when you do retire, you can take less from the other retirement accounts.

I've thrown a lot at you there.

Tell me your thoughts back to the time that I did that those lower years back and on top of the other one so I'm glad to know that you know because I mean right now the way we sit my wife is younger than me and so you know I mean literally I mean, you know, we have no mortgage. We have no car payment. Nothing heavy in the future or whatever but opening.

We have gone back and forth and it's like you say get on the button. I know I need to have been there and I need to get back onto it so that you know I think that you have the counselors that are there and I'm a little gun shy because I had two Christian counselors and things turned out not to be very good.

A lot of money on one of you know, it's like so I'm taking a look at you know I need to do that I need to have somebody I'm a nurse, I'm not.

I'm not a you know I'm not an accountant.

I don't do things and so this is the season where you need to do a Kevin Junior wife worked a long long time to amass the wealth that you have is what God has entrusted to you want to be a careful steward of it and getting professional counsel is going to be really key, so let's do two things. Number one connect with the couple certified Kingdom advisors in Ocala go to our website moneywise.org click find a CK interview two or three of them find the one that's the best fit is potentially the ones that would manage that money moving forward. Once you retire. Secondly, hold the Y will get your information, I want to give you six months to the Pro subscription to the moneywise app so you can connect your institutions set up your budget automatically download everything get in the envelope system going, so you can track your expenses every month. I think it'll be a real blessing to you and your wife. So thanks for calling today.

Hang on, the wine will get your information will get you that subscription free of charge. Do you thank you Kevin very much time for one more.

I believe Cleveland, Ohio, Sharonda of you how you have something for so some information or testimony something like that. I raise because I just paid off my car note today and your loan paid off inside all sure that's incredible that you said because of you. And, obviously, is because of God's principles, but tell me, what did you do as a result of hearing God's financial principles on moneywise that allowed you to pay this car overly you for years and I heard you say even with house payments or car payment. If you put extra money on the payment you you can pay off that much. You'll yes yes exactly right now and I started to do and and now today I just paid off my last payment. Thank you. Well, you are welcome.

Thank you for listening. Thank you for being faithful to the Lord in applying his principles and now you're going to experience the blessing as a result of that, let me ask a quick question. How old is this car what what do years okay and how's it going pretty good shape right runs like a dream. Okay, here's what I want you to do. I want you to keep making that unless you've already decide you want to increase your giving you got some other debt to pay off. I'd love for you to keep making that payment every month. Instead of sending it to the bank look for you to put it into savings when it's time to replace this vehicle. You can do it with cash.

And when you do that you buy the car with cash. I want you to call us back and tell us about it. Okay, I've been wondering what more above and beyond in my in my getting to the church and in the in the mission that that I support.

But I I'm just wondering, whatever think I could do but that is a good idea to just love it aside, Sharonda. I'm glad you thought of us as you made the payment today and were delighted that you listen were delighted that you called and Steve. That's what it's all about.

II heard from another listener earlier today, as I'm sure with you guys. During the break.

He started listen. Four years ago.

Just in the last two weeks paid off his last payment $75,000 in student loan that and he feels great.

His wife, so when you follow God's principles and works well for you.

Be sure to let us know about it because it makes us feel almost as thank you Sharon thank you for tuning in the listening today is live is a partnership between Moody radio and moneywise media for that guy Rob West.

This guy Steve Moore join us again tomorrow