Financial Discipleship

The Lord your God along the heaven of heavens, the earth, with all the time.

Rob West, Deuteronomy 1014 leaves no doubt God's total ownership yet it's often a challenge for Christians to put that principle into practice.

Then Schilling joins us today to talk about making that happen.

Then it's on to your calls at 800-525-7000 800-525-7000. This is moneywise live biblical wisdom for your financial journey. Well, I guess today is Dan Schilling incident of company's finances God's way just in case you don't know what that is, compasses a financial discipleship ministry founded by our dear friend and former host of this program, Howard Dayton welcomed into the program with you on the journey out of the last number of years as well just great to be with you today. Well I know you been there every step of the way compasses doing some great work and will have a chance to talk about that more little bit later in the broadcast. But first Tina were used to this term stewardship Dan. We talk about managing God's money, but financial discipleship, something that you're focusing more on now than ever at compass that goes a step further. Talk to us about that. How does financial discipleship draws closer to the heart of the father. You have been around for a long time and helping that stewardship has been a key focus over the last probably 45, 50 years by founder of King dividers from blue are founder Howard Dayton delayed labor And so this is really been bringing stewardship to our awareness and we feel like this next even got. We are called to be a financial discipleship ministry called to make financial disciples and what is a financial disciple.

What's the difference until stewardship and many time have an unintended consequence in the church. It becomes something that I'm managing my money. We know they got all but we still look to the lens it's really mine.

One of things aware try to get really laser focused on is how do we help folks not only understand ownership but rather the next step is surrender and if we haven't surrendered it here to Lordship of Jesus, can we really be a fully devoted disciple. Luke 1433 says no one can be my disciple gives up all of his possessions. We believe that either Jesus either Lord of all, not Lord at all.

And we need to help each of us in our journey to say how can I continue to walk that out that there's five fundamental that we see financial disciple does financial disciple acknowledges God's ownership a surrender. And then we all have a choice and that choice is to serve God, surmounting me see that in a couple patches. Matthew 624 being on the mainland's said for a long time and that's if there is to be one saying that perhaps we allowed to dethrone God from his rightful places. The first position in our lives. It's good to be money in the things that money can buy. It said the chief competitor, perhaps to Lordship and so leaning into this and saying I want to surrender everything including God's money and even the power to create wealth which we know comes from the Lord himself. That's key and it leads to intimacy with the father, which is what we all strive for.

We got just about a minute left before her first break here help us unpack this a bit more.

Any other similarities or differences Dan to come to mind between financial discipleship and stewardship around one thing that we make the unintended consequences of stewardship creates a sense of greed or selfishness like hey I got mine I got on the budget. I got out of that. I got my college savings, IRA, 401(k), all those things done, but it misses the point that Jesus doesn't want us just the steward for the sake of stewarding better meaning, saying, the kingdom, not running short guy doesn't need us to steward better so he can get things accomplished for his kingdom.

He really wants his kingdom to be established is which were a king that has dominion in the King of King once dominion or rule or authority in our hearts and sometimes we've seen is that some of the stewardship teachings and things are going on the church really aren't focused on surrendering the Lordship aspect is more about the management of and that I get all the I's dotted and tees crossed but at the end of the day if we got all the identities crossed financially but were still greedy, dishonest, discontent over the money pleasure and self we really don't care about the kingdom we have to ask yourself, are we stewarding this for the sake of being a better money manager. Are we stewarding to expand his kingdom ultimately designed for man that is so powerful and something we all need to think about were talking with Dan Schilling today North American president of company's finances God's way stewardship for financial discipleship will continue to unpack this a bit more just around the corner.

This is moneywise live more to come stay with us back on your host Rob West joining us today. My good friend Dan Schilling North American president of compass, finances, God's way. Were talking about financial discipleship. What is it mean to put everything including God's money that you're managing under the Lordship of Christ. And if you do, what are the implications of that and then as you said just before the break. This is really a game changing idea because it really shapes everything and you know my experience Dan is that your financial journey is one of the key ways.

God shapes your spiritual journey.

Have you found that to be true and how does this idea of financial discipleship plan.

To that even our own journey for many years. I would steward it widely, but the problem was I was stewarding for the sake of myself. I wasn't really focused on the kingdom and I think one of things that we want to help folks on is a financial discipleship journey that it isn't just a class take many of us have been through classes we been through Bible study. Maybe Howard Dayton Arambula done another great thing to do, but is not a one time thing.

Episodic event journey.

To be honest we want help folks on this financial discipleship during which we believe is a process of learning and applying and multiplying that truth and a lot of others. We learn what the Bible said about money applied into our life. And then we multiply it in the lives of others may think that's one of the key distinctives and differences with financial discipleship.

There is an expectation of multiplication we believe they got have an expectation of multiplication that he gives the truth of his word and he wants us to multiply that in the life of others, and so what happened many times it is in the stewardship we just think about again ourselves.

This really helps you start to think eternally what's the real result in a master answer really to be focused on his kingdom and propagating his kingdom in the hearts of others. You mentioned financial discipleship being something that you lives in some things you arrived that it's not a destination. Why is it so important to look at financial discipleship as a journey well. Rob wanted to know you've been on for a long time and I have as well and it every time. In our journey for Sherry and I we've found ourselves continually saying are you willing to take the next step. I want to entrust you for not more financially but more of him more than the truth of his word. Luke 611. One of our our founder Howard Dayton's favorite verse is, therefore, if you've not been faithful in the use of worldly wealth, who will and trust the true riches to you. We believe got so much more, but it's not the temporal things you want to entrust us with more of himself more intimacy like you referred to earlier. So this isn't just a one time I took the class I got on a budget. I got it that I got all these things done. It really is how my going to continue to grow and when he Her Heart and Has a Camera Ready to Take You to That Next Level of Maturity or That Next Just like You and I Both about Our Children How We Are Raising Them and Training Them That I Believe God Wants to Train Us and Help Us Learn How to Be More like Him in Our Focus on Him and Not the Temporal Things.

We Get so Wound up and Bound up and Caught up in Trying to Manage These Things That the Really Really Owning Us and Were Not Owning Them Anymore so Hopefully We Often Talk about the Money Issues Are Hard Issues and I Know You Know That Full Well. Jesus Said Where Your Treasure Is, There Your Heart Will Be Also. And so These Are Heart Related Matters, but There Also Practical Because We Manage Money. We Handle Money Every Day.

So When We Get This Area of Our Lives. Right When We Truly Embrace This Idea of Financial Discipleship.

What Are the Practical Implications of That Day Today As I Manage God's Money and What We Found It We Really Believe Stewarding Widely.

The Key Part but I'm Not Just Stewarding Our Want to Get on Our Team As a Greatcoat. How Heartbroken. He Says That We Strive for Simplicity.

Others Can Experience Eternity and We Want to Be Wise with What God Gives Us. We Want to Do Well with It but It's Not Just so That I Can Have More Put My Heart and Trust in It. So One Thing Is to Steward Lightly but We Do the Land of How Can I Use What God's Given Me to Expand His Kingdom. The Other Thing Is Really We Get to Be on Display of the Generosity of God. It Is Money of His Resources and He Wants to Show His Goodness. His Kindness through Us in First Timothy Talk about His Worn Those Are Rich in This Present Will Not Be Aryan and Not to Put Their Hope and Trust in Riches but to Be Rich in Good Deeds so That Others We Left That Firm Foundation Is What Looking for Us to Start Thinking about Why My Here Is to Be Really a Light to Those around Us, Showing the Goodness of God's Reminds Me.

Talk about Luke 12, the Parable of the Rich Fools We Read It Says Restores up Things for Themselves, but Is Not Rich toward God.

In This Idea Being Rich toward God Is Something I Spent A Lot Of Time Just Thinking about and Meditating on This Idea That We Wanted to Be a Parent As We Handle Our Money That God Is Our Treasure and Not the Money Is, Is That a Key Part of This Is We Manage God's Money.

Day-To-Day Living.

And You Know Things When We Do Start to Get Our Alignment There Is Our Hardship so We We Talk about Is Got to Do His Word Is He Worthy of Our Trust in the Worthy about Not Worrying about Whether We What We Have To Eat What We Drank or What We Wear and That We Don't Want to Be Let Parable You're Talking about Is We Don't Want to Be a Fool in the Man Was Called a Fool Because He Wasn't Rich toward That His Relationship with God Was Saying Something Missing Trust like the Rich Young Ruler That We See in Matthew 19 We Believe This When People Start to Surrender. They Start Getting This Area There Heart Aligned to the King That We Get This Clearance More and More the Fruit of the Spirit. There's a Greater Love and Enjoying a Piece That Surrounds Our Finances Because We Know Who Owns It All and Who Continue to Provide for Us and Care for Us and Take Care Of so That We Can Then Reflection Others As Well Just Let Stan Talk for Just a Second about This Multiplication Idea Because This Is a Big Idea That This Doesn't End with Us That We Didn't Carry This Message to Others. Well Rob, You Know like Anything When You Been Free from Something like If You Had a Golden Handcuffs on and You Been up and Worry and Fear. All the Things That Happen to Us with a Relates Money When You've Been Set Free. Got a Call to Take That Freedom to Others As Well. The Truth of His Word and Help Others Encourage so We Want Help Again. People Learn the Truth of His Word, Set Them Free of the Plant in Their Life. But Then We Take That Truth and Help Encourage Others with That Same Truth and so What We Want to Do Ministry in This Next Season Is How Do We Help You and Me and Everybody Else Get on This Journey to Continue to Propagate the Truth of God's Word in Our Own Hearts and Then Help Others to Do the Same Work and They Go to to Connect Step Right Now What Is to Go to Our Website at Compass One 1 Compass One.org and There's a Simple Path. I Can Choose That I Want to Become a Financial Disciple.

I Want to Grow on This Journey Personally or They Can Choose Hey I Want Help Others to Grow on This Journey Will Dance with You. Your Friendship and Your Partnership and Ministries Appreciate You Stopping by Today Will Have To Do This Again Real Soon. Wrapping It up in a Beer with RA Yesterday Has Been Dan Schilling, North American President of Compass, Finances, God's Way You Can Find out More about Financial Discipleship Encompass the Number One.org. That's Compass One.org and by the Way, Will Have a LinkedIn Today Show Notes This Idea of Financial Discipleship Is so Big We Want to Know the Heart of the Fun We Want to Recognize That Everything We Have Comes from Him and When We Put It under His Lordship, Everything Changes, Including Our Relationship with Him Is One.org to Learn More.

Your Calls or Next. 800-525-7000 Rob West and You're Listening to Moneywise Live Wisdom for Your Financial Journey along with Us Today.

I Moneywise Live on Rob West Your Hose. Thanks for Being Here Today to Take Your Calls and Questions in Just a Moment with Love for You to Get Your Question in the Mix Today Got Some Lines Open. Here's the Number 800-525-7000.

That's 800-525-7000 Whatever Is on Your Mind Today If You Want to Talk about Saving Your Debt Pay off.

Perhaps You're Looking to Pass These Principles from God's Word Related to Money to Your Kids and You Don't Know Where to Start. Whatever It Is We Love to Tackle It with You Today and Again You Can Participate by Calling Right Now We've Got Our Wonderful Team Standing by to Take Your Call 800-525-7000 Were to Begin Today South in Florida Were Going to Talk to Sonja Good Afternoon, Thanks for Calling. How Can We Help the Question about Yeah and so You Specifically Are You Talking about Actually Using Crypto Currency As a Means of Exchange Are You Talking about from an Investment Standpoint or Both Shivering Okay. I Don't Have a Concern about the Technology Itself.

I Think It's Here to Stay. Think It Would Take Some Understanding of Got and I Think This Would Do Everyone Well to Spend A Few Minutes Just Reading about It. Figuring out What Is This Block Chain Technology That Has Become a Digital Means of Exchange without the Backing of a Central Banker from Any Particular Country and How the Technology Works to Create These Transactions That Are Anonymous and Very Secure. I Don't Think the Technology behind That Is Going the Way I Think It's Here to Stay and Working to See Greater and Greater Uses for It. Just like Anything, It Can Be Used for Good or Evil. And You Know That's True with Physical Dollars As Well so I Don't Have Any Problem with the Means of Exchange. I Think the Question Is Should We Be Investing It. There's A Lot Of Speculation Going on in Investing Right Now in These Crypto Currencies. Obviously, Bitcoin Is the Most Well Known, but There Are Many Others in We've Seen A Lot Of Additional Investment in the Crypto's Lately Because of the Launch of the Tracking ETF Caesar Exchange Traded Funds That Track the Underlying Stock of for the Underlying Price Moves of Bitcoin. For Instance, and Was Just Looking at It Earlier Today, Again Reaching New All-Time Highs.

But like Anything, and There's Always Some Flavor of These Going on at Any Given Time. It's A Lot Of Speculation and A Lot Of Volatility That Comes with It Far Greater Than I Think We Should Be Taking with God's Money. So I Would Say Stay Away from an Investment Standpoint Because If You Go There, You're Going to Be Tempted to Try to Jump in and Jump out. Pick Your Time to Enter or Exit and from My Standpoint, That's Just Not Investing. The Bible Talks about Steady Plodding and That Would Be Anything Other Than Steady Plotting, so I Would Say Investment No. But Do I Have a Problem with It from Just a Means of Exchange and Where All of That's Headed No I Don't but I Think It Needs to Be Used for Good. Of Course, so Sonja Hope That Helps You Today and We Appreciate Your Goal Very Very Much against Wines Are Open 800-525-7000 Would Love to Hear from You Today with Whatever's on Your Mind Go Back to the Funds Will Be Take a Quick Email. This One Just Simply Says Dear Rob, What Is the Name of the Site to Request Credit Reports from All Three Agencies so This Is from Karen I Want to Make Sure Everything Looks Okay. If I Find a Problem How I Go about Fixing or Correcting the Information That Is Wrong and Karen I'm Glad You Brought This up Because I Advise Folks to Uphold Their Credit Reports At Least Annually. Annual Credit Report.com Is the Website That You Be Able to Get It Free of Charge Again Annual Credit Report.com.

Now Why Would You Want to Pull Your Credit Report Quarterly Four Times a Year and by the Way from Each of the Three Bureaus.

Well, That's Your Chance to Spot Negative but Also Inaccurate or Incorrect Information.

How Would There Be Incorrect Information.

Well, It Could Be Something That Was Just an Honest Oversight That Was Reported to Your Report Incorrectly or Doesn't Belong to You, but It Made Its Way to Your Report or Nobody Could've Opened an Account Fraudulently in Your Name and That's Being Reported to Your Report. You Certainly Want to Spot That so You Can Take Care Of It. Now What You Do to Karen's Question.

If You Spot Something That's Not Accurate.

Well, the Next Step Is to Disputed the Good News Is the Fair Debt Collection Practices Act, Give Me the Fair Credit Reporting Act Would Give You the Means by Which You Can Dispute That Information Each of the Three Bureaus Will Provide a Way for You to Do That and When You Do. They Have 30 Days to Either Verify That It's Correct or to Remove It and I Think That Really Is the Key That You Spotted That You Reported As Being Inaccurate and If It Is It Will Be Removed Because They Won't Be Able to Verify That Information beyond That Negative Information That's Accurate but That's Not Going Anywhere. You Can Have To Wait for That to Fall off on Its Own. Typically after Seven Years, but the Good News Is the More Recent Information Impacts You the Most. How Does That Relate to Your Credit Score Well the Credit Score Is Just an Algorithm That Determines How Likely You Are to Repay As Agreed Based on the Information in That Report and You Can Get That Now Free More Places Than Ever, Credit Karma, Perhaps Even Your Own Credit Card Is Offering You Way to Check Your Credit Score. That's Not Gonna Hurt You at All. When You Check It and It's Good to Watch. Although I Wouldn't Do It Too Frequently. I Hope That Helps You Today.

Thanks for Your Email. By the Way, If You Have an Email Question That You'd like to Send Us That We Be Happy to Receive It. questions@moneywise.org is the place to send it. All right, let's head back to the phones by the way, a few lines open today 800-525-7000 will go to Chicago next Edward. How can I help user year. I should have an amount of money on and I was thinking I my son and my daughter. Mom and I was wondering all taking money out of all yeah whatever let's do this really had a break here quickly and now we come back on the other side of the come right back to you love doing it on this. How do you give gifts and inheritance while you're living, which I think is a great idea, but we gotta do it wisely will talk about that just around question 5257 – moneywise live on Rob Western hosted calls and questions today to lines open 800-525-7000 just before the break.

Talking to Edward in Chicago who is headed into retirement ever so quickly and wanting to know how to give a gift, partial inheritance to his kids very soon.

Right now, and what that looks like from a tax standpoint. Edward how far are you out from retirement. All will okay what is your age and think in erosion got to background noise there but tell me what you're thinking in terms of how much you would like to give to your kids and over what time period.

While like $100 in each and I could give them my credit okay, so you've done some planning and determined how much you need to fund your lifestyle. You know, for the foreseeable future if the Lord were to Terry and you would live a long, long time. You got enough in the way of assets to cover your expenses is Tony okay all right yes of the only challenge of God is that because this money is in a tax-deferred environment it's going to come out as taxable income, and then you'll make those gifts now that currently the annual gift exclusion is $15,000 per year per person and if it was you and your wife you could double that.

So you have that and then anything beyond that. And by the way, that number goes up to 16,000 next year 2022 per year, so there be 32,000 of you and your wife.

Each gave one of your children gift in the current year if you go beyond that it would go against the lifetime exclusion which currently is $11.7 million. So you got quite a bit of running room there before any gift tax would kick in on your and not on theirs as the one receiving the challenge, though, is that as that money comes out of the 401(k) you not get any penalties because you're over 59 1/2, but it's all taxable to you has income so you have quite a tax bill that you will be hit with on the front end and you know, as that pushes your taxable income up significantly for the year. A portion of that will go up into a higher tax bracket as well and so I think that's the part where you want to do some planning on this. There obviously if you make the and nothing comes as an inheritance after death, then it would likely be in an IRA and then it would be an inherited IRA and then they could take it out over time and pay income tax on it as they take it out and there's specific rules that govern both how that happens in the art allows them to miss the penalty for that but I think that's the only consideration you'd want to work with your CPA on is how do I want to pull this money out and how do I minimize the taxes as I do it and you're probably not want to pull it out and hundred thousand dollars chunks, especially with multiple kids, because that's gonna create quite a tax liability there as well. I think the other thing to consider, as you know we want to pass wisdom before wealth and the other spiritual and character capital that we transferred our kids happens over a lifetime, but you really want to think through, where each of them are at spiritually and in terms of maturity level from a financial standpoint before you drop your lump sum in their laps, doesn't mean it's always a bad thing, but I think you just want to consider are they ready to handle this is they do they have a growing walk with Jesus and could this become a stumbling block or any of the making lifestyle choices that you know this kind of money would become negative and I think you should also consider what is the giving role of this. And what portion of this should be given away, perhaps into a donor advised fund so that you and they together could perhaps start being generous with it and maybe that's a way that you can model generosity with a portion of this so they begin to exercise that giving my soul and understand what that piece of it looks like so these are just some ideas but going back to the original question. I just want you to be really careful about creating a massive tax liability. I think that's why you need to work with a professional dissent all make sense on like a couple years now. I just wanted to really really grateful. I listen and I learned a lot and know what you're doing it early early really good thing and really helpful people. Well, it's very kind Edward. I appreciate this kind remarks and grateful for the opportunity to be here every day for the team behind me and for the chance to be invited into stories like yours to be able to weigh in. Think about how we steward God's money wisely. So listen all the best to you my friend in this next season of life and we appreciate your call today to Muncie Indiana W GNR hi Steve, how can help you arrive thanks for taking my call on what network what you do is great appreciate it.

Thank you sir.

I have a store credit card that I just don't use anymore, and I have dropped my credit when I'm at a couple of times and every time it is affected my credit score I I know from listening to you.

There is a correct way to to stop a credit card or cancel a credit card you go over that show make tell me how I need to do that to Steve. Do you carry balances on other accounts since you don't use this one on yet on a couple but not store cards couple master I have, but not any store cards okay so that's likely the reason that you're seeing the credit drop because just the fact that they lowered the limit, in and of itself is not going to have typically an impact on your credit score. What could though is if your total credit utilization across all of your revolving accounts which is what a credit card is is increased. So think about all the the limit that's available to you across all the accounts is one number and then the balance you owe across all of your active accounts is another number and there's a percentage there of your balance to your limit called your credit utilization so as that overall limit comes down.

The aggregate balances that you owe her a higher percentage of that new lower limit and so that's the only reason that that's pushing it down. I think the key is just try to keep that under 30% in the aggregate in terms of credit utilization, but as it relates to closing these accounts. I like the idea of starting to wean yourself away from having these lingering store cards out there that you perhaps took on because you were going to get a discount or something like that.

I would just make sure you close no more than two of them every six months any kind of decline you're going to see is it will be temporary. I think the key is just make sure you remain on time. Payer history is is important so you want to try to hang on to those older accounts you want to keep that credit utilization low.

Ideally, less than 10%, which means let's get serious about paying down any of that revolving debt, not just that you're charging up and paying off every month. But any debt that you're curing over month-to-month, and that's can help you as well by making sure that tell you're not paying exorbitant interest rates, but that does that help you and do you have any other follow-up questions and help manage land. Now you answered everything that I was wondering okay very good. The bottom line is the benefits of closing these accounts is that's one less account you have to keep tabs on because somebody could get your username and password.

Compromise the account. Perhaps not go on a charging spree and now you don't have to keep tabs on that each month once it's closed, but you want to do it in the right way because if you were going to go by refinance your mortgage or buy a car you certainly want to have the very best credit score that you can so we appreciate your call today and thanks for your kind remarks.

Pause for a brief break that much more on the wise lives, those lines open 800-525-7000. This is biblical wisdom. Your financial decisions moneywise line wisdom for your financial decisions.

Last year opposed delighted to have you along with us today Monday which means we have the chance to hear from our good friend Bob Dole chief investment officer of cross mark global investments and Bob's a good friend but to somebody who we have great respect for as it comes to market analysis and really just helping us understand what in the world is going on in this economy. Bob, good afternoon, sir. Same dear Rob, what are the headlines you're looking at these days.

Send out what we need to know about the markets and the economy is just keeps going up is what I see. You know we do a lot of happened if it had their meeting and famously announce the beginning of tapering by next summer. They will no longer be buying bonds in the open market, as they been doing now, for it seems like forever. So that's kind of step two and then taking the punch bowl away. The third step, of course, will be raising rates.

Second, we had Congress to pass the infrastructure bill. The first one can I say somewhat less controversial one that will be signed into law passed by the Senate two months ago the house recently and the president will sign that leaving the reconciliation bill, which has a lot more yards to go in front of us. We have the off year elections, which the Republicans handed the Democrats and embarrassment in several places. I think out presaging Republicans gaining a bunch of seats next November, especially in the house as Americans are questioning a lot of things have been going on, including what I'll use the phrase profligate spending.

So what's the market making all this, the market flow the market thing you know were getting closer to gridlock in our government. The Fed is slowly, very slowly, taking the punch bowl away. In the meantime, we got more earnings would been coming through quite good, and so the market is following that path of least resistance line we been using for many weeks now to the upside. Enjoy what we have Rob yeah absolutely in our 401(k)s arts. The beneficiaries of the other investments, Bob D said also seemed less confident in what they were calling the transitory nature of inflation previously. What you make of that year the very subtle change in language and it was inflation is transitory. Now it's factors that are expected to be transitory were so slight switch in the verbiage which basically says we acknowledge not all inflation is transitory and might be a little more of a problem which I think is smart of the waking up and smelling the coffee as he exists saying they're going to have to continue to be vigilant, job growth, we had jobs number on Friday and the Fed worried about jobs worried about inflation. They gotta start fighting inflation is the bottom line here. The short-term Bob that slow mole has replaced any concern over lingering covert implications and supply chain disruptions is that it is missing out, maintain a fear of missing out and there is no alternative in stocks go up. That is the path of least resistance and probably less well you probably also know Robert seasonally, very strong. From kind of early November 2 early mid January very strong for the markets and so let's enjoy the ride yeah absolutely it's parting words you want to share with us today before we let you go because a good report so far my normal buy low and sell high unite yes or Bob Dole chief investment officer of cross mark global investments were investments and values intersected. You can learn more about Bob and cross mark global on the web cross mark global.com let's it back to the phones today.

Las Cruces, New Mexico hi Christine, how can I help you carry on. Let my daughter before Mark and now I doubt on I'm high technology, and I wanted to buy it but I put it down into her account are teacher you know about my every bullet that are making out.

Then when he was 18.

Very responsible with that 40,000 I wanted to keep her in my 30 year 20 years to really get under all now when you can't get that opportunity. Yes, I like this idea of using this these resources is an opportunity to train you all doing that yourselves or do you have an advisor that supported this scenario how's that working in our family. My daughter and I might not like her to be a little different on a blind day yeah I'm looking at you now I know now I understand that. I think the key is just to make sure that you have a sound investment strategy that is properly diversified, were not highly concentrated in a limited number of positions where it might cause you to be overweighted this another way to say that you also want to make sure that you do in fact have a long-term strategy. We don't want to train her that she should jump in and out of stocks that are moving quickly, especially in the tech or high-growth space, but I like this idea as long as it's a hands-on strategy because clearly you know now is an opportunity for you to influence that I'd love for there to be a giving component to this so you can model that side of it as well and a donor advised fund what's called a giving fund with our friends at the National Christian foundation could be a great tool for you to not only teach her about investing, but also teacher about getting maybe a portion of that goes into the donor advised fund that you and she work on directly in terms of where those funds are given. That could also provide a nice incentive in terms of the tax deduction as well. The only other thing I would mention to you Kristi is just make sure you check in with your CPA if you have one and if you don't I would connect with one because even though this will go against your lifetime gift exemption of 11.7 million this year, even though you don't owe any gift tax you still might need to file a gift tax return. Just so you can report the gift to the IRS since it was considerable again.

It would only affect the giver not the recipient, so would be on your end.

And again it would go against that exclusion solution being a gift tax owed. But that doesn't mean you don't need to file a return so I would check in on that. Just so that is done properly and there's no surprises down the road but appreciate you sharing this idea.

Make sure you're passing both spiritual capital, character capital and financial capital. At the same time but I love the idea that your training her. Along the way, let's head to Ohio hi Elizabeth, how can help you.

You all company to accept lack you hang off. They know that I have a disability.

I share everything that house need a con of work like a roof and stuff and so I'm wondering if it will call I have is right now, but I also have medical need that are not covered really ensuring there or limited money have to go toward that which I have no idea how much that will add up to thousands and thousands and out of the dollars. Well, obviously by you asking the question you want to honor the Lord with this and steers my perspective and as believers we ought to make good on our obligations and only make a commitment. We should follow through on the Bible is very clear.

The wicked borrows and does not repay them in a financial hardship if a lender to protect their own interests as much as anything is willing to accept a settlement. A lower payoff based on a real legitimate need. I'd say absolutely if they're willing to give you that settlement in writing.

I keep in mind that you will it'll likely be reported on your credit report that was settled although the idea would be if you pay the full amount that was offered and agreed to in writing and make sure you get it in writing.

It will show is settled in full.

Secondly, you may get 1099 for the difference. That would be taxable between what was originally owed and what they agreed to take as a reduced settlement.

But apart from that, is it biblical again.

If there's a real need and they are willing to settle at a lower amount.

I think that's fine for my perspective, if not, you owe the money and I think the question is how can you position your finances, even if you can't see that clearly today in such a way that you can actually pay this in full and you may have to work out a loan modification. You may need to take any number of available options to get it to where you can actually afford to make the payment, but it's obviously in your best interest from a a biblical standpoint but also a financial standpoint to engage with them and try to work this out so that you can keep it in good standing, you don't have a foreclosure you don't have any negative implications on your credit report, but also so that you can continue to pay on it until things improve and will just trust that God will provide what you need. He certainly knows what you need and I'm trusting that as you lean into that and try to on your commitment to be found faithful that he will provide. So we appreciate your call today. Hope that helps you to do it for us today so grateful that you were along with us today as we unpacked God's word and apply it to your financial life.

We appreciate everyone of your phone calls my team today Melody and Dan and Robert do it without them.

Thank you for being here as well come back and join us tomorrow as well all over again. I'll be here for you