Giving Breaks the Power of Money

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Equal housing lender not licensed in Alaska, Hawaii, Georgia, Massachusetts, North Dakota, South Dakota and Utah. Today's vision of moneywise. Life is recording so our phone lines are not as if you are familiar with the treasure principle, even though it means that when your money is flowing toward the kingdom. Your heart will follow timer out west it's a timeless financial principal as we break the control that money has over us. God is free to use money in our lives more fully for his purposes, teacher and author Ron blue is here to tell us how to do that today we have some great calls lined up but we will be taking your live calls today because we're prerecorded. This is moneywise live where biblical wisdom needs today's financial decisions. Well I guess Ron blue has written the whole of books on God's financial principles is also cofounder of kingdom advisors sees a mentor of mine and a great friend Ron welcome back wealth interrogatories a pleasure to be here Ron you're still involved in training certified kingdom advisors said your content is really the basis for that training and today you're going to let us in on some of the teaching you give these certified kingdom advisors not right. Well, that's right. One of the concepts that I would like to share. Whenever I have an opportunity and God-given mission opportunities recently and spike it's always the same message as it changes and that message is giving is not because God needs the money by any means, but it's in order to break the power of money in my life. We used to attend a church were Dr. Charles Stanley was the pastor and he really illustrated that well. Every Sunday he would talk about giving and he would characterize it by showing an open hand and he said we need to hold our money with an open hand and that allows God to put in what he wants to put in and take out what he wants to take out and I think it's a terrific illustration of the whole concept of financial stewardship. Yes, this idea that giving is the way that I can release God's power to change me and to impact others is a big idea and clearly it's on the heart of God. We see it throughout Scripture right as you know, Jesus talks about this in the sermon on the mount, but sometimes people confuse his words still day where they really do. He says, and there do not lay up for yourselves treasures on earth, where moth and rust destroy and where the thieves break in the steel but lay up for yourselves treasures in heaven were neither moth nor rust destroys and where thieves do not break in and steal. And here it is for where your treasure is, there your heart will be also. It begins with where do I put my treasure and my heart follows the fight treasure material if you will more the success or whatever may be that I treasure. That's where my heart's going to go tonight.

So I think it's reasonable for us to ask ourselves what do I really value what drives me. What do I really hold dear. Because my heart's going to be involved in uniform a really positive side if I'm a parent, I think a lot about my children and I did. My heart is is engaged in thinking about my children and Jesus was specifically talking about mammon or money and the power of money in the sermon on the mount so as to principal. It can be expanded, but he was really talking about money when he talked about treasure yet. This is a big idea. My heart follows my money and it also really reveals what I value where I've placed my trust.

I guess we could say and in no uncertain terms, he says we can't have it both ways. Ron, as you know, in verse 24 he says we can't serve two masters will either hate the one and love the other, be devoted to the one or despise the other.

You cannot serve God and money. What is that particular passage that URL I tell you that's that's really powerful than it doesn't say it's hard to serve God and money. He said it's one or the other and it's black or white and that's a powerful thought in terms of how I view money and how I use money. I can't serve God and money. Both I got a make a choice. Yes, that's exactly right. That's a big idea that Rhonda, how would you leave us today's their particular passage that jumps out at you as we meditate and pray on what the Lord would have force in this area, giving well the whole passage of second Corinthians 89 is what I would refer people to end there. It says that those who so sparingly reap sparingly. It also says that God will always meet my needs, but not necessarily my grades, though I would spend some time in second Corinthians 8, and nine just over and over.

I spent a lot of time is better. Guess you can pick up a copy of his book, master your money where ever you buy books. It's a classic blustery.

This is moneywise live with Rob West have to hear a phone number mentioned today. Please ignore that number and don't call us because today's broadcast is a reprise addition. But we think the upcoming information will help you and make you a wise steward of what God's given so please stay tuned.

Thank you for tuning in the moneywise live.

We apply God's word to today's financial decisions questions.

Our team is taking a bit of time off today so don't call it. However, we got some wonderful calls lined up in advance. I know there will be an encouragement to you and I hope will meet you right where you're at and help you make a step forward in your financial life were to begin next in Miami, Florida. Mark is been holding patiently markup Michael will be retiring soon and swap program and telling me that when I need to talk about what that money to the protocol put it into a mutual fund which one you think would be better for me what that might yes do you know how much you would get is a lump sum if you were to take that option for 75 okay. Have they told you if you take the monthly payout what you would get their best to leave it there for another five years. I believe it put it in deferred comp instead.

Okay, that's about them in mutual funds better.

Yeah, well, it all depends on which mutual funds so that the benefit of taking the lump sum and investing yourself is you've got more investment options where you're a bit more in control but obviously you're assuming the risk of making those investment decisions. So if you were to do that and I don't think that's a bad idea. In fact, I think it gives you more flexibility and control of the funds I would connect with an investment professional that could help you based on your goals and objectives were God is taking you, help you make those or make those investment decisions on your behalf as a discretionary money manager, somebody making the buy and sell decisions. Picking the mutual funds and guilt actually building that portfolio for you.

You've worked long and hard for this money. This is not something you need to take lightly. And that's why think getting wise counsel a professional who could yell at their based on their expertise and experience be able to build this portfolio.

I like that option because you have access to the funds. If you need it, but you have, you know, the ability to seek a higher return through some expertise of the of an investment professional. So I think I would go that route unless you looked at the divert company just kinda like the options in there and you'd rather keep it in the plan.

I don't think one is a wrong decision, but I do like the idea of you rolling it out and having somebody handle that for you. So that's the real upside you know mutual funds are only as good as the performance of that particular fund and there's thousands of them. So it's it's not fair to say mutual funds are better than deferred comp unless you tell me which mutual fund but that's why when you select an investment professional. You have confidence in you know that that person would be charged with making those selections for you based on your goals and objectives.

Does that make sense to you, Mark yes okay thank you. You can find a certified kingdom advisor there in Miami to at least begin talking this through, prior to making the decision when you visit our website moneywise live.org click find ACK working ahead to Illinois. Next, Terry has been holding in Terry understand you have a question about a car. I do thank you so much for taking my call.

I received a letter from the car dealership asking me to come in trade in my car until I thought I would go by to see what they have to offer. Although I'm almost finished paying for my current car what they said it was that they could upgrade the into current year 2021 with the basic bad.

I currently have on my car and that I will have to continue to pay off you notate the extra lordly on the note and so I was just wondering what was your opinion about that ship for this upgrading our should I just pay my car which only a couple more thousand dollars on the done with it. But, of course, maybe within the for five years and served yeah I like that option because what they're probably gonna want you to do is to roll the amount that you still owe on the current car into the new cars that what they're talking about.

They did say that they could do that and I'm not a big fan of that approach you know if you wanted to buy new car. What I'd probably consider.

If you're not upside down, which sounds like you're clearly not. I'd consider doing a private sale sell that car yourself, you typically get more money and used cars are getting premium right now.

They're very expensive but what I'm even more excited about Terry would be you just staying with that current car as much as it might sound good to be in a newer model carton would be theirs benefits to that and I could diminish that but I think you know what is going to come out better financially in the long run would be just to hang on to the car you have get it paid off. This quick as you can continue to drive it, keep it maintained, and guilt. I would then take that monthly payment that you been making to the lender and make that to yourself in a savings account so that when you're ready for five years from now to buy that next vehicle because this one's kinda beyond its useful life or it's becoming too expensive to maintain that you would have the funds are a good portion of the funds already built up in the savings account ready to go so you could make that purchase. At that point if you had to take on the loan. It would be a fairly small loan at that point that you could get paid off quickly that's going to come in probably come out the best for you because keep in mind you've Artie gotten through those early years in the car where we see the most depreciation which is that first couple years, and so you'd be starting that clock over where when you drive it off the lot you lose 20% or more of the value and you know then it begins to decline from their disease that will make sense to you guys. It makes a lot of sense. I guess my desire was to have about an upgrade car with some of the desires that I wanted on the car beginning in between hands and down and I just may not be able to get a car like this anymore. Sure well and and I don't want to minimize that because if you can afford it. There's nothing wrong with that. In fact, this is one of those periods of time where in some cases it makes sense to buy new versus used even because used cars are expensive right now, which means you could probably depending on the model and the condition of the car. You could probably get perhaps a bit more than you thought you could or at least more than you could have in no year or two ago, because used cars are at a premium right now if you were to sell it privately and that's what I do and then you could turn around and perhaps get a great deal on a new car that you would then drive for a long long time with some of the features you are looking for. That's all going to come down. Though Terry to does that fit into your budget and you have given your financial condition and what you have in savings and what you're trying to save for the future and kinda how your budget balances out right now with your current needs fixed in discretionary spending you. How would that new car note fit in after you would reply you. Whatever you could get from the sale of your current vehicle and does that make sense for you or is it going to be beyond you know what you be comfortable with. So I would perhaps do a little homework maybe go to Kelly blue book or Edmunds.com. Find out what you could get on a private sale for your car and then look at what you would have to spend for the new newer model you're looking at and then figure out what the monthly payment would be based on what you have to borrow and put that through your budget and see if that doesn't make it clear as to the direction you should proceed. I don't say you never should buy new car. I just want to make sure it fits in with appreciate your call today very much will ask the Lord to give you some wisdom is what folks, thanks for tuning in today. Get our team is taking some time off, so don't call in today but still a lot more to come on moneywise live just around the corner as we apply God's truth to your financial decisions in question stay with us. It's great to have you with us on moneywise live today but unfortunately they were not lives were recorded and therefore won't be taking your call. However, we've lined up some calls in advance that we think you'll find helpful. So stay tuned and enjoy the rest of the program book back to moneywise live on Rob West. This is where God's word intersects with your financial life. So glad to have you along with us today. Have you thought about the fact that God owns it all.

That's right, we are stewards or managers of God's money. And here's the implication that we have a high calling God has entrusted us with a significant responsibility. You and I are caretaker of the creator of the world's resources, which changes everything about how we approach his money and really should lead us to the question, Lord, what would you have me to do is I manage your money will that's the question were to be asking and answering today as we take your calls here on moneywise live looking for God's word for answers about today's financial decision and with one of those questions or comments. We go right down into the Miami Florida, just south of where I grew up in Fort Lauderdale. Welcome Michael to the broadcast, you're on moneywise live on very good, thanks. Thanks for calling.

I was feeling like you know sometimes when it comes to the warranty people or even the service providers the people some time either way you look at people try to cut corners. What it money and be lazy, whether in any industry that Dr. lawyer lavished on time is when the school gets by the money. They don't care about the people so I'm glad to have Better Business Bureau and Google reviews and stuff like that make people accountable. Accountability is a good thing where right now and being in Washington on a church is a lot of people don't care about accountability, it comes to certain things so certainly a lot more transparency now Michael and I think that's a good thing.

You have a question or was it just that common today to start off at the question what I would've been a trick question because that guy I was downloading with the answer I cannot answer myself and just accountability. You know what I got up and asked my how can you impregnate or prevent other people and yourself from going through those things and they have these mechanisms for you. Now that's a great point, you know, I think you bring up a great idea and that is the Better Business Bureau's one, although they were caught in a scandal.

In recent years for not calling out businesses that were paying dues to the organization certainly can't hurt. If you are not treated properly by a contractor or anybody in a servicer of the another profession to be able to file a complaint, certainly can't hurt. I think a lot of folks are finding that social media can be more effective in giving honest and legitimate reviews of the company and even getting a response to your complaint which companies are more and more apt to do these days, and then writing a review on sites like yelp and trip advisor can be effective as well letting other folks know about negative experiences that you've had as believers, we always want to be honest and aboveboard, not in any way manipulate people. But obviously let them know if we are not satisfied with the service so they can respond to do something about it.

But Michael, we appreciate your call today and we have just a couple of lines opens up you'd like to get in on the conversation today, we'd love to hear from you on moneywise live the number 800-525-7000.

Let's go to Glenn and Valparaiso, Indiana, go right ahead, sir yes sir while my right career.

Would you deal pop up by or we were thinking of relocating my wife on upgrade on or relocate and I'll eat dollar and without big cat cut out of it but will be able to use it for a better yeah yeah there really isn't because of your drawing money out to other retirement account at work. Glenn is good to be treated as taxable income.

If you're not yet 59 I have to be 1/5 print penalty should say 10% penalty associated with that so that's can be fairly expensive money for you to be able to access, which is why we would tend to recommend that you leave that alone there will be a time and a place for taking that out either as a lump sum or as an income stream for life, depending upon what other income sources you have and how it can be a best be positioned as a somebody who's been in service to your country through the military.

You've got obviously a great retirement program there with wonderful benefits that will be there for you as well so it sounds like you'll be in a really a great spot. I think as you look to this next season of life. If you feel like the Lord is leading you and your wife to relocate. I would look at upgrading that home out of current cash flow. Keeping your lifestyle to minimum trying to save up for additional money toward the home. In addition to the proceeds from your current residence and then just make sure any resulting mortgage that you have fits well within the budget so I try to avoid pulling out large amounts of money for retirement because of the reasons that I mentioned, but we appreciate your service to our country certainly appreciate your call on the broadcast today.

Thank you very very much. You let me say how thankful I am for each of you that call into this program.

Each and every day you invite us into your stories into your life into your situation and were grateful and we get to celebrate with you, and I think that is so key we think about how we are using God's money.

We want to celebrate God's faithfulness in his activity in our lives so often we think there were working hard.

We are the reason we're generating this incoming member. The Bible says that's the Lord gives us the power to make well and so as we work with our hands, as unto the Lord, and he provides provision well we celebrate that we look to give back to him and in all that we say and do. They just after this quickly back with many more calls in question you'd like to post a question and community in our moneywise after coaches stopped by. I'm in there periodically, as well.

Just download our app in your app store today search were moneywise fighting on Rob West with the light of the heavy on moneywise live in a pause for a brief break back with much more back to moneywise live on Rob West. This is where God's word intersects with your financial life is today your team is taking some time off today.

This program is prerecorded, so don't: today we too were live in the studio but were glad you joined us. Looking forward to talking to Bernie and David Wendy in just a few moments today. We've already covered home warranties. We talked about retirement. We talked about how we handle God's money in a variety of situations. Next up, let's talk about cosigning in debt and to do that were to go to Illinois. Welcome Martha to the broadcast Martha you're on moneywise live I sell my eye by a resident of some sort. There is $10,000 to just pay for this Presidents' Day move into in Iowa but I don't care if I can't wellness still getting away a good for myself. Well, the answer Martha. Is it may, but it also may not, let me explain, it's not the active cosigning itself in the case of a student loan or any other debt that can affect your credit. It's the amount of the loan and then the payment history that follows that will really have the score or ever have the impact on the credit score. See you're taking on the debt just as much as the primary signer. In this case the student and that can impacting impact what's called your revolving utilization. So the student loan is a revolving type of debt as and EL with this type of utilization were looking at anything that's above 30%. What impact you and if there's ever a missed payment.

Of course, that negative payment history would affect you as well. So you just need to make sure that the payments are on time otherwise.

That will hurt your credit score which payment history makes up the largest percentage of your credit score 35%. You know, I think the bigger issue. Martha is just understanding what you're committing to. The reason the Bible is pretty clear on not cosigning is because you we see the relational and financial damage. The just often occurs following the best of intentions were people going in to a cosigning situation.

The Bible says in Proverbs 17, one who lacks sense gives a pledge and puts up security in the presence of his neighbor. Proverbs 11 King Solomon again. Whoever puts up security for a stranger will suffer harm.

Now, does that mean that was the wrong decision. No, I think it's just a warning to say let's be careful before we go into this year, the Federal Trade Commission says that 50% of the time when we cosign on another's behalf because they can't qualify themselves.

The party that's cosigning will have to step in and either make the payments or suffer the consequences from the negative credit when the payment is missed.

So I think you need to understand that. Be ready, willing and able to step in if your child at the appropriate time when they have to start making payments even outside of their control are unable or is unable to make that monthly payment and then secondly just recognize that the debt that was taken on is going to be factored into the overall ratios that the lender will look at on your behalf as they're evaluating your credit worthiness. Going into this loan so that perhaps the next step would be to talk to a mortgage broker or your bank, you don't necessarily have to let them pull a credit report until you're ready, but just to get to the prequalified yelled to understand based on your current situation.

This new debt that you're taking on the form student loan. What impact might that have on your ability to qualify with the most attractive terms, interest rates, the best loan programs out there which clearly you're going to want to have. So I do that as a next step in that if you have any other questions along the way, don't hesitate to give us a call. We appreciate you weighing in today, let's go now to Chicago, Illinois, the Windy City and welcome Bernie to the broadcast hello sir JoAnn and I learned so much from you guys in the past that you find that they bank after bringing together to show out vertically equipment we have the home of movement store credit cards and there about probably feel anything but you just don't use it for a long time what what happens your credit is a close itself out there. Yeah, couple of things there.

Regarding the second part first could it be closed because of inactivity and the answer is absolutely yes. And so, if you're wondering whether it might be closed based on an activity you'd want either check the the documents the fine print if you will that you received when you open the account or request that we could simply place a call to customer service to find out how your card handles that because each one is slightly different as to whether or not it'll affect your credit. Obviously it's not having a negative impact on you, to the extent that there is not a payment that's being missed because you don't have a balance as long as it's a zero balance that piece of it is fine. It's not affecting your credit utilization because there's a certain amount of credit that's been extended to you on the card and as long as you're not using any of it that's causing your credit utilization to go down. Perhaps the only negative to keeping it open.

If you don't intend to use it in with those store cards.

I'd recommend you don't because the interest rate is typically very very high. The only negative is just that it's one more account you need to stay on top of every month because even if you're not using it. In the event it was compromised and used fraudulently. You would want to identify that by seeing that on the monthly statement so that a it doesn't create problems with your credit report because you're then not paying back a charge that you did know about because you didn't charge it and be you just don't want to be responsible for that amount at the end of the day and so I think from that standpoint, it's a bit of a hassle just to stay on top of it. So from that standpoint, I'd probably go ahead and close it out. Make sure you call them first then send a letter and then you can want to get confirmation that it was in fact closed.

I didn't pull a credit report annual credit report.com at least 30 to 60 days after to make sure that that was updated on your credit report. We appreciate your called one more call before the break we had down south to West Palm Beach Florida and welcome David to the broadcast credit hi all, we have comparing and it was great, but we'd be able to help the home thing that we have a kid at college and I know it is about college and we would have to reduce our emergency fund sound like Claremont about two months in order to pay off the home. I'm not sure if that's what that stretch or if we should hold off are you living within your means, including perhaps the added cost that you will take on with the cost of college. Do you have that covered in the monthly budget Marlette but you have real right well it is long as David you don't see anything on the horizon.

That's going to cause a disruption in your income and a realist none of us know for sure we have our income in our provision based on God's providence in our life and his provision because that's his role as provider but to the best of your knowledge of you don't see any disruptions coming you're not in self-employed in an industry that's been impacted by cold and/or you have the risk of hours being cut meat of all of that seems secure and you're telling me to go from four months of reserves to two months of reserves but I'm gonna be able to completely pay off my mortgage in the process and then I'm in a take that mortgage payment every month and not do a thing with that, apart from build that emergency fund back up to where it was and perhaps even higher to six months.

Over time, if all those things were true.

David, I think you go for and live with peace of mind to know that you have the flexibility being unencumbered to respond to the leading of the Holy Spirit to have more origin in your life.

I guarantee you I'm not getting a call from you next week or next year, saying I wish I didn't pay off that house. You and your wife. Thanks for your call today to take a short break.

We come back more of your questions and comments right here on moneywise live. This is our final segment of the broadcast. We previously recorded. Thanks so much for being with us today and we hope you'll stick around and enjoy the rest of today's program moneywise live on oblast.

Have you thought about the idea that one of God's big ideas as it relates to is money that we have the privilege of managing is this idea of contentment that we see it to at least five times in the Bible that we are to be content with what God has provided.

That means we are learning as the apostle Paul says, because were not born with is naturally were learning to live within God's provision say Lord what you provided for me today is enough and I'm gonna live well within that and thank you that you've given me 2300 verses on money and possessions. All of these principles in God's word that I can apply to my financial life so that I can be a faithful steward of what you entrusted to me and it's not always going to be easy and sometimes I wish I had a little bit more but I'm willing to accept your provision and live within that and that's called contentment and it's a journey for all of us but that's our desire and prayer for you is that you would be able to experience that. And that's part of what we're after here on moneywise live each day let's go to Canton Ohio and welcome Wendy to the broadcast windy here on moneywise live Rob I love you so much and we live by the rituals of God's love that he owns it all until Islam is a big blessing to me and varies from my family friend. You also think there's a time, money is elastic, pre-quiet credit or question I have chewable is great. He empties amnesty credit amnesties yeah basically windy and thank you for your kind remarks.

Some lenders, especially those in the auto industry may offer or what's called a credit amnesty program for potential buyers with low credit scores so amnesty in this case would refer to, essentially, a pardon from a poor credit score. Since amnesty means pardoned in the formal sense because of credit amnesty mean certain lenders are just willing to look past your poor credit and approve alone.

Now why would they do that well in exchange for doing that. They get to sell their products. In this case maybe move the car on the lot but you are going to pay the price for that because if they're offering credit amnesty there often going to charge you the highest interest rates and extend the term longer than they would with other borrowers and that means you'll be paying a lot more in interest than you would if you had a high credit score.

So I would say if you're taking a credit amnesty program. I would ask why you need to and if it's because you have poor credit.

What you need to do to shore up your financial life.

Perhaps save a bit more before you make this purchase. Perhaps pass on this and and live with what you have and continue in the case of a car repairing it and it may not be a carbon I'm just using that as an example so that you don't put yourself in a situation where you're paying an exorbitant interest rate over a long term and therefore gonna pay a lot more in overall interest throughout the life of the loan. By the way within the credit amnesty program. You often have to provide personal references and in some other stipulations there as well so I hope that's helpful to you, Wendy.

What was the second party question my question Rob is we we have electric company we deal with American electric or hearing can EPA in their sending other competitors are name and we went to know how that can be stopped down all these companies once you here.

Is it real annoying know I totally get that. Well I think you know one thing you can do. Although this can be mixed responses on what folks say as to the effectiveness of this but you can certainly add your name to the national do not call Registry. I think that be something that you know could be fairly helpful in a situation like this on the web you go to, do not call.gov or you can go to AAA 321222.

That's 888-382-1222.

You can also write a letter to the company. You might even want to address it to the president of the CEO who knows what could get someone's attention. You could also leave some information on social media and see if if there active on social media, they may respond and be willing to do something about it because they don't want others to think that that they're not being responsive to your request to stop soliciting you so I give those that chance and see if they can't work for you and Wendy you been very gracious and kind in your remarks today. We appreciate your listening and thanks for calling today as well, back to Illinois Barb you're on moneywise live go ahead and remake question in general Christian principle that I'm trying to not get too much into specific think it would get complicated. My question is my husband and I are in our early 60s and we have some adult children that we did our best to innovate in the weight of the Lord and finally gave banks that were divided up into sharing saving and spending another word we taught them to try and then also save and then also have some wheat we try to do the right thing. Now I'm an adult age and we still had to help them out from time to time. In all honesty, I think sometimes there's been misfortune that were there doing the blame, but at other times I think there's been some foolish and unwise vision gone against your advice and near to the point where they're actually starting to quit over well wanting especially. Ironically, the believer, the one who is a believer starting at everything be equal. In other words, everything that we've done for one needs to be done for car and might my one statement that I asked a major financial advisor about heat. Use this phrase. I'm wondering if you take that long. Love your children equally treat them uniquely simply what he was trying to say if you don't necessarily have any in TO spend the exact same amount. If your parental and godly wisdom. Wisdom is here that well I can and I suspect you are talking to a certified kingdom advisor because that phrase that you just said was originated in Ron blue's book splitting errors not splitting hairs, but splitting errors and it's the best book out there, Barb. From a biblical perspective on how you establish principles on wealth transfer from God's word and by the way, when were done here today. I want you to stay on the line, my producer, Deb is good to get your information where to send you a copy of that book splitting errors that I think will be a real blessing to you as you try to navigate these issues but yes II think that's exactly right that principle from Ron blue that if you love your children equally.

You will treat them uniquely and that often runs counter to what we believe as maybe I'll say Americans because we just don't feel like that's fair. And yet if you think about it. Your last stewardship decision is to decide is the next steward chosen and prepared and those two things are very important. You know, all in and of themselves, and we recognize that our kids are at different places financially different places, spiritually and even though the idea of inheritance is affirmed in Scripture Proverbs 1322 a good man leaves an inheritance to his children's children. The idea that we would think intentionally about how is this money going to affect first of all, their relationship with the Lord and a child who is making poor decisions, perhaps living a reckless lifestyle. Or maybe it's not that bad. Maybe they're just not quite money savvy yet dropping a lot of money in their lab could be the worst thing to do in terms of their ultimate relationship with the father and just the decisions that they're making, especially in the case of children that are making poor choices regarding drugs and alcohol and and things like that and so I think we have to approach each one separately to say how do we want to handle the money that God has entrusted to us who is the next steward and remember there's only three possibilities. The government ministry or charity and your heirs write your children or others that you would want to leave the money to and so I think deciding in advance how you want to approach that based on what you know today about where they're at and that will change over time as should your estate plan change over time, being prayerful about that. And then as you make those decisions, communicating that clearly so that's not a surprise, so they understand it, but I also think there are certain cases where you would want to not cut the child out of the will.

Maybe they're not living a reckless lifestyle, but they just haven't come to the Lord yet and you pulling them out may in fact drive a wedge that would make it perhaps more difficult for them to accept the claims of Christ. So I just think you've gotta be really thoughtful asked the Lord for wisdom. James 15. If we lack wisdom, we should ask the Lord to give it to us and then communicate very clearly in the recommend recognize your estate plans need to change over time, so I want you to read this book, splitting errors that were to send to you and then if you have further questions. I want you to call us back and we can talk about it in a one more thought. One great thing would be to take a portion of that money that God has entrusted to you.

That's beyond what you need to live on and put it into a donor advised fund and get the boys the kids to start helping you give it away now so you can model and teach how we should handle God's money.

Hope that's helpful to you, Barb. We appreciate your calling today. May the Lord bless you and the days that you stay on the line and folks that's going to do it for us today as we begin to wrap up going to say thank you for being a part of the broadcast today.

Thank you for your calls you as we think about the responsibilities we have stewards of God's resources. It's a big leave want to be found faithful.

We want to handle God's money wisely wanted to do it in a way that honors him to be grateful you know what I think gratitude is so not started a gratitude journal.

Perhaps that your next day. Maybe just take a moment each day to just jot down what it is you're thankful for and recognize all that you have not what you don't have what you have. Starting with God's love story to you, which is the fact that he sent his son Jesus and come back and join us tomorrow will be back with another edition moneywise live moneywise is a partnership between the radio and moneywise